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SINGULUS

TECHNOLOGIES

May 2019SINGULUS TECHNOLOGIES AG

SINGULUS TECHNOLOGIES AG

May 2019 - 2 -

Agenda

1 Overview

2

Financials3

SINGULUS TECHNOLOGIES Segments & New Business Areas

4 SINGULUS TECHNOLOGIES Outlook


May 2019 - 3 -

Taiwan

Taipeih

China

Shanghai

HeadquarterKahl am Main, Germany

Production Site

Fürstenfeldbruck (Munich), Germany

France

Sausheim

China

Guangzhou

Asia Pacific

Singapore

Legend:

Subsidiaries/Sales & Services

Headquarter

Production Site Fürstenfeldbruck

Agents

Latin America

Sao Paulo

North America

East & West Coast

SINGULUS TECHNOLOGIES –

New Segment Structure

Semiconductor Semi-

conductor

SolarSolar

Life Science Life

Science


May 2019 - 4 -

Core Technologies

THIN FILM DEPOSITION

- Sputter deposition (DC, RF, MF, bipolar, pulsed)

- Thermal evaporation

- PECVD (ICP, µ-Wave, CCP)

- CVD (thermal and aerosol assisted CVD)

SURFACE ENGINEERING

- Nano imprint lithography / embossing

- Injection molding

- Lacquering & bonding

- Surface functionalization

- Plasma cleaning & etching

- Oxidation

THERMAL PROCESSING

- Rapid thermal processing

- Selenization

- Conditioning

- Annealing

WET CHEMICAL PROCESSING

- Cleaning / washing / rinsing

- Etching / texturing / structuring / polishing

- Conditioning / developing

- Oxidation

- Chemical bath deposition

- Electrochemical processes

THIN FILM

DEPOSITION

SURFACE

ENGINEERING

THERMAL

PROCESSING

WET

CHEMICAL

PROCESSING


May 2019 - 5 -

Development and Market Introduction of New Systems

1996 2008 2009 2010 2011 2012 2013 20152014 2016 2017 2018 2019

MEDLINE

Singular

Timaris I

Linea I

Semiconductor

c-Si

IBC,

PERC/PERT,

HJT

Thin-film

CdTe

CIGS

Solar

Life Science

GENERIS PECVD

Cisaris

Vistaris 900

Tenuis II

Vitrum II

Helioscoater

Rotaris

Timaris II

Vistaris1600

CIGS Pilot Line

Decoline II

Selenius

Silex II New LINEX

GENERIS PVD

Polycoater

TIMARIS III

CISARIS III

Silex ISolare

Skyline

Spaceline

Bluline I/Bluline II

Bluline III

Medical

Technology

Decorative Coating

Optical Disc


May 2019 - 6 -

SINGULUS TECHNOLOGIES –

New Segment Structure

Solar• Crystalline Solar

_SILEX II

_LINEX

_GENERIS PVD

_GENERIS PECVD

Solar

Life Science• 3D Coating POLYCOATER

• 3D Production Line DECOLINE II

• Medical Technology MEDLINE

• Optical Coating BLULINE

Life

Science

Semiconductor• Vacuum Deposition Systems

TIMARIS/ROTARIS

• Wet Processing

Semi-

conductor

• Thin film Solar

_VITRUM

_VISTARIS

_HISTARIS

_SELENIUS

_CISARIS


May 2019 - 7 -

Agenda

1

2

Overview

3 Financials




May 2019 - 8 -

SINGULUS TECHNOLOGIES - Focus on CIGS &

High Performance Solar Cells

Crystalline Solar

• High cell & module efficiency

• Easy process

• Advanced technology

• Production split on different locations

CIGS Thin Film

• Excellent stability

• Good low light performance

• Light soaking effect

• Reduced sensitivity to overheating

• Tolerance to shading & low intensity

Semi-

conductor

Solar

Life

Science


May 2019 - 9 -

PV Learning Curve

Further Decline in PV Selling Price

Source: VDMA/ITRPV Study No. 10, 2019

Semi-

conductor

Solar

Life

Science


May 2019 - 10 -

Sun Radiation World Wide

Further Cost Reduction

50

0

-50

2500

2000

1500

1000

kW

h/(

m^

2 a

)

2017

United Arab Emirates

USD 0.03/kWh

2018

Saudi Arabia

€ 0.015/kWh

2018

Dubai

USD 0.024/kWh

2018

Germany

€~0.04/kWh

-150 -100 -50 0 50 100 150

Semi-

conductor

Solar

Life

Science


May 2019 - 11 -

Long-term Trend: Significant Increase in Solar

Production Capacity

• The share of renewable energy sources in the global electricity supply will increase

from 22 % in 2015 to nearly 100 % in 2050

• The share of solar energy in the global energy mix will increase significantly in the

next few years. By 2050, solar technology should reach a share of 69 %

• This development is driven in particular by drastic cost reductions, cheaper battery

storage and the technological end of nuclear energy

Study Energy Watch Group, November 2017

Semi-

conductor

Solar

Life

Science


May 2019 - 12 -

PV Installations 2015-2019 (Annual in GW)

• Germany will step out of coal fired power plants by 2038

• Target of renewable energy in Europe 32 % until 2030 from todays approx. 18 %

Semi-

conductor

Solar

Life

Science


May 2019 - 13 -

Market Development

• Growing market for high performance solar cells

• SINGULUS TECHNOLOGIES delivered systems to costumers in Europe, USA, Russia, China

• Working on further projects in Europe, USA, China

• Market leader in wet processing

• New sputtering system and new PECVD system introduced

SINGULUS Equipment for New Cell Concepts:

PERC, Heterojunction, IBC, TOPCon & more

IBC Solar CellHeterojunction Solar Cells

Semi-

conductor

Solar

Life

Science


May 2019 - 14 -

SINGULUS Provides Important Production Steps

for the Growing Heterojunction Market

SDR/Tex PECVD PVD Print

Semi-

conductor

Solar

Life

Science


May 2019 - 15 -

SINGULUS Provides all Key Production Steps for

the Manufacturing of CIGS Modules

Si barrier layer &

Mo Back

Contact

>Sputtering

Scribing P1> Laser

CdS or. alt. buffer

Deposition

>Buffer Layer

DepositionInterconnect and

Encapsulation>Lamination

Glass Washing

> Wet cleaning

Scribing P2>Mechanical

>Laser

2

7Scribing P3>Mechanical

> Laser

CIS/CIGS

Substrate

Inspection

Precursor

> Sputtering

Front Contact

>Sputtering

3

InS &

iZnO

> Evaporation,

SputteringAutomation

5

16

6

Selenezation/

Sulphurization

> CISARIS Oven

4

Selen Evaporation

> Thermal evaporation

Semi-

conductor

Solar

Life

Science


May 2019 - 16 -

Innovative Inline Sputtering Systems for

CIGS Thin Film Solar and other Applications

Semi-

conductor

Solar

Life

Science


May 2019 - 17 -

Total Announcements for CIGS in China -

SINGULUS is a Major Player in the CIGS Market

Investments for CIGS in

China:

+ CNBM 4 Fabs:

Announcements from

CNBM for investments for

6 GW CIGS-Solar

+ Hanergy 1.5 GW, further

projects of about 5 GW

announced

+ Manz/Shanghai Electric

344 MW, new projects

expected

1.5 GW

1.5 GW

1.5 GW

1.5 GW

44 MW

300 MW

300 MW

300 MW

300 MW

600 MW

Semi-

conductor

Solar

Life

Science


May 2019 - 18 -

TIMARIS Nano Deposition System for New

Applications in the Semiconductor Market

Ultra high vacuum: 5*10 -9 mbar

Thinnest Layer: < 3 Å

Uniformity: 0.5 % 1

Advanced Applications

• Excellent prospects for further growth

in applications like sensors, voltage

regulators

• Modular platform for new applications,

e.g. Voltage Regulator, MEMS, Extreme

Ultraviolet (EUV) Technology

• TIMARIS for MRAM production with its

proven production technology

Semi-

conductor

Solar

Life

Science


May 2019 - 19 -

Wet Processing System for Electronics

Advanced Applications

• Manual Wet Process Stations

• Semi- and Fully Automated Wet

Process

• Quartz tube- and Part-Cleaning

• Total Metal Free Working Semi-

conductor

Solar

Life

Science


May 2019 - 20 -

DECOLINE II for Sustainable 3-D Coating

Further Systems Sold in 2019

Advanced Surface Coating

• For automotive and cosmetics

• Brilliant layers on 3-dimensional parts & individual design variety

• UV-curing for protection lacquer

• Inline spray coating & metallization

• Fully automated processing & high productivity and flexibility

• Low cost of ownership & environment-friendly

Semi-

conductor

Solar

Life

Science


May 2019 - 21 -

Decorative Coating with POLYCOATER

Inline Sputtering System

Advanced Vacuum Coating Applications

• Two Systems sold, more projects in sales pipeline

• Brilliant layers on 3-dimensional parts & individual design Inline metallization

• Fully automated processing & high productivity and flexibility

• Low cost of ownership & environment-friendly

Semi-

conductor

Solar

Life

Science


May 2019 - 22 -

Production Systems for Medical Technology

Additional Systems Sold in 2019

Applications for Medical Technology

• Washing and pre-cleaning

• Cleaning & Etching

• Ultra- or megasonic cleaning

• Surface conditioning & modification

• Vacuum Coating & Electrochemical etching

Semi-

conductor

Solar

Life

Science


May 2019 - 23 -

Optical Disc - Service & Maintenance Business

• Total 8,530 systems sold worldwide

• Over 220 Blu-ray systems installed base

• Ready for 100 GB Ultra HD Blu-ray

• Billions of discs produced around the world lead to service & maintenance business

Semi-

conductor

Solar

Life

Science


May 2019 - 24 -

Agenda

1

2

Overview

3



Financials


May 2019 - 25 -

Financial Key Figures

in € million Q1 2018 Q1 2019

Revenues 17.3 20.8

Order Intake 36.1 11.8

Order Backlog (31.03.) 125.5 57.0

EBIT -1.6 1.1

EBITDA -1.2 2.0

Result before Tax -2.1 0.5

Net Result -2.1 0.2

Operating Cash Flow -2.5 -9.1

Shareholders’ Equity 17.8 20.1

Total Assets 86.2 101.3


May 2019 - 26 -

in € million Q1 2018 Q1 2019

Gross Revenue 17.3 20.8

Net Revenue 17.0 20.6

Gross Profit

(in % of Net Revenues)

4.6

(27.1 %)

6.4

(31.1 %)

- R&D

- Sales & Customer Service

- GM & A

- Other Income/Expenses

-1.3

-2.9

-2.3

0.3

-1.4

-2.4

-1.8

0.3

OPEX (Total) -6.2 -5.3

EBIT

(in % of Net Revenue)

-1.6

(-9.4 %)

1.1

(5.3 %)

Net Result -2.1 0.2

EPS (basic) -0.24 0.02

Profit & Loss Statement


May 2019 - 27 -

Balance Sheet

in € million 31.12.2018 31.03.2019

Available Cash 13.5 9.9

Restricted Cash 14.3 11.0

Total Current Receivables and Other Assets 35.5 33.2

Total Inventories 17.1 18.2

Non Current Assets 23.7 29.0

Total Assets 104.1 101.3

Total Current Liabilities 50.2 43.2

Total Non-Current Liabilities 34.2 38.0

Total Equity 19.7 20.1

Equity and Liabilities 104.1 101.3


May 2019 - 28 -

Cash Flow

in € million Q1 2018 Q1 2019

Cash Flow from Operating Activities -2.5 -9.1

Cash Flow from Investing Activities -0.7 -0.8

Cash Flow from Financing Activities -1.8 6.2

Total Cash Flow -5.0 -3.7

Liquid Funds at the Beginning

of the Fiscal Year 27.2 13.5

Effect of Exchange Rate Changes 0.0 0.1

Liquid Funds at the End

of the Fiscal Year 22.2 9.9


May 2019 - 29 -

Dec. 2018 March 2019 Δ

SINGULUS Group 343 350 +7

Domestic 293 300 +7

Abroad 50 50 0

Employees


May 2019 - 30 -

Sales Split by Segments

Q1 2018 Q1 2019

Semiconductor

4.6 %

Solar

69.4 %

Life Science

26.0 %

Semiconductor

4.3 %

Solar

66.9 %

Life Science

28.8 %

The comparative information for the previous period was adjusted for the new segmentation in accordance with IFRS 8.29.


May 2019 - 31 -

Sales Split by Region

Q1 2018 Q1 2019

Africa & Australia

0.6 %Americas

12.1 %

Asia

41.6 %

Europe

45.7 %

Americas

20.7 %

Asia

66.8 %

Europe

12.5 %


May 2019 - 32 -

Shareholder Structure

62.35 %

16.75 %

6.21 %

4.97 %

3.54 %

3.16 %

3.02 %

Free float

Triumph Science and Technology Group Co., Ltd. (a 100%subsidiary of CNBM)

Clemens Jakopitsch

Universal-Investment-Gesellschaft mit beschränkter Haftung

Janus Henderson Group plc (TR European Growth Trust plc)

Oppenheimer Global Opportunities Fund

IP Concept (Luxemburg) S.A.


May 2019 - 33 -

Agenda

1

2

Overview

3

Financials

4


SINGULUS TECHNOLOGIES Outlook


May 2019 - 34 -

Successful Establishments of Products in New

Markets

First Order for

Wet Processing

for Electronics

Additional

DECOLINE II

order

Two Polycoater

sold

Further Orders

for Wet

Processing

Generis

PVD for HJT

4 K Technology


May 2019 - 35 -

Outlook

Year 2019

Sales Revenues in a range of

€ 135 to 155 million

EBIT Operating result for 2019

between € 6 million and

€ 11 million expected Semiconductor

Semi-

conductor

Solar

Solar

Life Science

Life

Science


May 2019 - 36 -

Contact


Hanauer Landstrasse 103

D-63796 Kahl/Main

Dr.-Ing. Stefan Rinck, President and CEO

Tel: +49-6188-440-109

[email protected]

Markus Ehret, CFO

Tel: [email protected]

Maren Schuster, Head of Investor Relations

Tel: +49-6188-440-612

[email protected]

Bernhard Krause, Communications Worldwide

Tel: +49-6181-9828020

[email protected]

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.

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