first half-year 2020 august 12, 2020 · singulus technologies ag august 12, 2020 - 4 - financial...

First Half-Year 2020

August 12, 2020

SINGULUS TECHNOLOGIES AG

August 12, 2020

- 2 -

Taiwan

Taipeih

China

Shanghai

Production Site

Fürstenfeldbruck (Munich)Germany

France

Sausheim

Asia Pacific

Singapore

Latin America

Sao Paulo

Headquarter

Kahl am Main, Germany

North America

Windsor

Worldwide Connected, Close to the Markets,

Close to the Customer Base

Headquarter

Subsidiaries/Sales & Services

Production Site Fürstenfeldbruck (Munich)

Agents

Subsidiaries & Agents

Worldwide

• Location HQ: Kahl am Main

(near Frankfurt), Germany

• Established: 1995 (Buyout at Merger

Balzers/Leybold)

• IPO: 1997

• Employees: 354


August 12, 2020

- 3 -

SINGULUS TECHNOLOGIES

Uncertainties Concerning Corona COVID-19 Pandemic

Restrictions• Travelling to China nearly impossible and other travel restrictions still ongoing

• Limitations of sales activities and no installation and commission of equipment

• Production limited due to supply chain disruptions

• Delayed ordering for all segments because partial shutdowns effect customers

Bright spots• Containment of virus in China

• Resumption of production and activities in China

• Global easing of restrictions

• Central banks provide ample liquidity

No final assessment of the implications possible at the moment

Management closely monitoring situation to implement additional countermeasures if necessary


August 12, 2020

- 4 -

Financial Key Figures

in million €

1st Half-Year

2019

1st Half-Year

2020

Revenues 44.1 16.2

Order Intake 27.1 66.9

Order Backlog (30.06.) 49.0 77.0

EBIT 1.6 -14.3

EBITDA 3.6 -12.0

Result before Tax 0.5 -15.4

Result for the Period 0.0 -15.0

Operating Cash Flow -5.8 -4.7

Shareholders’ Equity 19.8 -7.9

Total Assets 99.6 72.4


August 12, 2020

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Profit & Loss Statement

in million €

1st Half-Year

2019

1st Half-Year

2020

Gross Revenues 44.1 16.2

Net Revenue 43.6 16.0

Gross Profit

(in % of Net Revenues)14.1

(32.3 %)

-0.6

(-3.8 %)

R & D -3.0 -4.5

Sales & Customer Service -5.2 -5.0

GM & A -4.2 -4.4

Other Income/Expenses -0.1 0.2

OPEX -12.5 -13.7

EBIT

(in % of Net Revenues)

1.6

(3.7 %)

-14.3

(-89.4 %)

Net Result 0.0 -15.0

EPS (basic in €) 0.00 -1.69


August 12, 2020

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Profit & Loss Statement Second Quarter 2020 Versus 2019

in million €

2nd Quarter

2019

2nd Quarter

2020

Gross Revenues 23.3 5.3

Net Revenue 23.0 5.3

Gross Profit

(in % of Net Revenues)7.7

(33.5 %)

-1.5

(-28.3 %)

R & D -1.6 -2.7

Sales & Customer Service -2.8 -2.3

GM & A -2.4 -2.3

Other Income/Expenses -0.4 0.3

OPEX -7.2 -7.0

EBIT

(in % of Net Revenues)

0.5

(2.2 %)

-8.5

(-160.4 )

Net Result -0.2 -8.4

EPS (basic in €) -0.02 -0.94

• Increased R&D: investment for future products

• Decreased travel & marketing costs

• Prior year low due to one-time effects


August 12, 2020

- 7 -

Breakdown of OPEX and Realized Cost Savings in the

Second Quarter 2020 Versus 2019

OPEX by

category

Personal expenses

(55%)

Materials costs

(35%)

Depreciation

(10%)

Cost savings in

Q2

€ 0.6 million

€ 0.5 million

-/-

Cost savings in

%

-20 %

-18 %

-/-


August 12, 2020

- 8 -

Balance Sheet

in million € 31.12.2019 30.06.2020

Available Cash 14.8 6.4

Restricted Cash 4.4 4.1

Total Current Receivables and Other Assets 16.8 14.4

Total Inventories 15.5 15.5

Non Current Assets 32.2 32.0

Total Assets 83.7 72.4

Total Current Liabilities 38.2 43.5

Total Non-Current Liabilities 38.5 36.8

Total Equity 7.0 -7.9

Equity and Liabilities 83.7 72.4

In the period after the completion of the reporting period

until July 31, 2020, further payments from the machine

activities with a volume of € 14.2 million were received.


August 12, 2020

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Cash Flow Development 1st Half-Year

in million €

1st Half-Year

2019

1st Half-Year

2020

Cash Flow from Operating Activities -5.8 -4.7

Cash Flow from Investing Activities -2.0 -1.9

Cash Flow from Financing Activities 4.3 -1.7

Total Cash Flow -3.5 -4.9

Cash and Cash Equivalents at the Beginning of

the Period 13.5 14.8

Effect of Exchange Rate Changes 0.1 -0.1

Cash and Cash Equivalents at the Beginning of

the Period 10.1 6.4


August 12, 2020

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Employees

Δ 31.12.2019 30.06.2020

SINGULUS Group +3 351 354

Domestic +4 296 300

Abroad -1 55 54

Several initiatives were used to cut costs:

• Decrease of overtime

• Short term work

• Reduction of temporary staff


August 12, 2020

- 11 -

Sales Split by Segments 1st Half-Year 2020

Life Science

Solar

Semiconductor

1st Half-Year 2019

Solar 65.8 %

Life Science 29.0 %

Semiconductor 5.2 %

14.2 %

42.6 %

43.2 %

Semi-

conductorSolar

Life

Science


August 12, 2020

- 12 -

Sales Split by Region 1st Half-Year 2020

1st Half-Year 2019

Asia 66.5 %

Americas 16.1 %

Europe 17.2 %

Africa & Australia 0.2 %

Asia

Europe

Americas

43.8 %

20.4 %

35.2 %

0.6 % Africa & Australia


August 12, 2020

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Annual Solar PV Markets 2020-2024


August 12, 2020

- 14 -

1.5 GW

1.5 GW

1.5 GW

1.5 GW

CNBM

Announced Steps of Investment for CIGS

City Weihai,

Province Shandong

City of Bengbu,

Province Anhui

City of Meishan,

Province Sichuan

City Xuzhou,

Province Jiangsu

1st step

Order

150 MW

1.5 GW

1st step

Order

300 MW

1.5 GW

2nd step

LOI

300 MW

1.5 GW

1st step

Order

150 MW

1st step

300 MW

in discussion

1.5 GW

Order for 150 MW signed

January 15, 2020


August 12, 2020

- 15 -

SINGULUS TECHNOLOGIES Production Systems for

Thin-film Solar Cells CIGS & CdTe

Production Equipment for CIGS & CdTe

• Long experience in equipment technology

• Market leader for CIGS equipment

• Excellent experience for sputtering & evaporation systems

• Over 850 sputtering systems in the market


August 12, 2020

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SINGULUS TECHNOLOGIES Production Systems

for Heterojunction and TopCon Solar Cells

Sputtering & Wet Processing Equipment for High Performance Solar Cells

• All systems in the market for daily cell production

• High cell & module efficiency

• Largest market share

• Advanced technology potential

• Lower capex

• Potential for cell efficiency over 25 %


August 12, 2020

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Objectives in 2020/2021

Solar • Extend leadership in Thin-film Solar (CIGS/CdTe)

• Expand customer base for Heterojunction solar cells

Semiconductor • Maintain leading position in magnetic films, e.g. Magnetic Sensors, MRAM

• Expand presence in production environment

• Grow into additional applications such as Inductors, MEMS, RF-Filters, LED, Power Electronics

• Grow market share for wet cleaning, etching and drying in semiconductor and electronics industry

Life Science Medical Technology

• Addressing of new applications/costumers for production system for medical technology

Decorative Coatings

• Intensive marketing of the existing machine platform for cosmetics, consumer goods & automotive

New Applications

• Introduction of sputtering & wet processing equipment for new applications/markets

Recovery of order intake and increase in sales and earnings influenced by COVID-19


August 12, 2020

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Contact

Forward-Looking Statements

This presentation contains forward-looking statements based on current expectations,

assumptions and forecasts of the executive board and on currently available

information. Various known and unknown risks, unpredictable developments, changes

in the economic and political environment and other presently not yet identifiable effects

could result in the fact that the actual future results, financial situation or the outlook for

the company differ from the estimates given here. We are not obligated to update the

forward-looking statements made in this presentation unless there is a legal obligation.


Hanauer Landstrasse 103

D-63796 Kahl/Main

Dr.-Ing. Stefan Rinck, President and CEO

[email protected]

Markus Ehret, CFO

[email protected]

Dr. rer. nat. Christian Strahberger, COO

[email protected]

Maren Schuster, Head of Investor Relations

Tel: +49-6188-440-1612

[email protected]

Bernhard Krause, Communications Worldwide

Tel: +49-6181-9828020

[email protected]

first half-year 2020 august 12, 2020 · singulus technologies ag august 12, 2020 - 4 - financial...

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