singulus technologies · • thin film solar solar life science semiconductor • vacuum deposition...

SINGULUS

TECHNOLOGIES

August 14, 2019SINGULUS TECHNOLOGIES AG

SINGULUS TECHNOLOGIES AG

August 14, 2019 - 2 -

Agenda

1 Overview

2

SINGULUS TECHNOLOGIES Segments & New Business Areas 3

Financials

4 SINGULUS TECHNOLOGIES Outlook


August 14, 2019 - 3 -

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


August 14, 2019 - 4 -

SINGULUS TECHNOLOGIES –

New Segment Structure

Semi-

conductor

Solar• Crystalline Solar

• Thin film Solar

Solar

Life

Science

Semiconductor• Vacuum Deposition

• Wet Processing

Life Science• 3D Coating POLYCOATER

• 3D Production Lines DECOLINE

• Medical Technology MEDLINE

• Optical Coating BLULINE


August 14, 2019 - 5 -

Agenda

1

2

Overview

3 SINGULUS TECHNOLOGIES Segments & New Business Areas


Financials


August 14, 2019 - 6 -

Financial Overview 1st HY 2019

in million €

1st Half Year

2018

1st Half Year

2019

Gross Revenue 46.4 44.1

Order Intake 65.0 27.1

Order Backlog (30.06.) 125.3 49.0

EBIT -1.2 1.6

EBITDA -0.3 3.6

EBT -2.3 0.5

Profit/Loss for the Period -2.4 0.0

Operating Cash Flow 22.1 -5.8

Shareholders’ Equity (30.06.) 18.4 19.8

Equity Ratio (%) 16.8 19.9

Total Assets (30.06.) 109.2 99.6


August 14, 2019 - 7 -

Profit & Loss Statement 1st HY 2019

in million €

1st Half Year

2018

1st Half Year

2019


Net Revenue 45.8 43.6

Gross Profit

(in % of Net Revenues)

13.2

(28.8 %)

14.1

(32.3 %)

OPEX (Total) -14.4 -12.5

− R+D

− Sales & Customer Service

− GM & A

− Other Income/Expenses

-2.8

-5.9

-5.5

-0.2

-3.0

-5.2

-4.2

-0.1

EBIT -1.2 1.6

Profit/Loss for the Period -2.4 0.0

EPS basic (in €) -0.27 0.00


August 14, 2019 - 8 -

Financial Overview Q2

in million € Q2 2018 Q2 2019


Order Intake 28.9 15.3

Order Backlog (30.06.) 125.3 49.0

EBIT 0.4 0.5

EBITDA 0.9 1.6

EBT -0.2 0.0

Profit/Loss for the Period -0.3 -0.2

Operating Cash Flow 24.6 3.3


August 14, 2019 - 9 -

Profit & Loss Statement Q2

in million € Q2 2018 Q2 2019


Net Revenue 28.8 23.0

Gross Profit

(in % of Net Revenues)

8.6

(29.9 %)

7.7

(33.5 %)

OPEX (Total) -8.2 -7.2

- R+D -1.5 -1.6

- Sales & Customer Service -3.0 -2.8

- GM & A -3.2 -2.4

- Other Income/Expenses -0.5 -0.4

EBIT 0.4 0.5

Profit/Loss for the Period -0.3 -0.2

EPS basic (in €) -0.03 -0.02


August 14, 2019 - 10 -

Cash Flow Development

in million € 6M 2018 6M 2019

Cash flow from Operating Activities 22.1 -5.8

Cash flow from Investing

Activities -1.7 -2.0

Cash flow from Financing Activities -22.7 4.3

Total Cash flow -2.3 -3.5

Cash and Cash Equivalents at the

Beginning of the Period 27.2 13.5

Effect of Exchange Rate Changes 0.0 0.1

Cash and Cash Equivalents at the

End of the Period 24.9 10.1


August 14, 2019 - 11 -

Balance Sheet

in million € Dec. 2018 June 2019

Cash and Cash Equivalents 13.5 10.1

Restricted Cash 14.3 12.1

Total Current Receivables and other Assets 35.5 30.9

Total Inventories 17.1 17.4

Non Current Assets 23.7 29.1

Total Assets 104.1 99.6

Total Current Liabilities 50.2 42.3

Total Non-Current Liabilities 34.2 37.5

Total Equity 19.7 19.8

Equity and Liabilities 104.1 99.6


August 14, 2019 - 12 -

Dec. 2018 June 2019 Δ

SINGULUS Group 343 360 17

Domestic 293 305 12

Abroad 50 55 5

Employees


August 14, 2019 - 13 -

Sales Split by Segments

1st Half Year 2018 1st Half Year 2019

Semiconductor

5.2 % Life Science

29.0 %

Solar

65.8 %

Semiconductor

5.6 %Life Science

20.0 %

Solar

74.4 %


August 14, 2019 - 14 -

Sales Split by Region

1st Half Year 2018 1st Half Year 2019

Africa & Australia

0.2 %

Europe

17.2 %Americas

16.1 %

Asia

66.5 %

Africa & Australia

1.1 %

Europe

28.4 %

Americas

9.9 %

Asia

60.6 %


August 14, 2019 - 15 -

Agenda

1

2

Overview

3

Financials


SINGULUS TECHNOLOGIES Segments & New Business Areas


August 14, 2019 - 16 -

Production Flow Heterojunction

SDR/Tex PECVD PVD Print

GENERIS PVDSILEX II

Semi-

conductor

Solar

Life

Science


August 14, 2019 - 17 -

CIGS Thin Film Cells – Full PV Value Chain in

one Production Flow – From Glass to Module

SINGULUS TECHNOLOGIES

Process Options

SINGULUS TECHNOLOGIES- Supplier of all Key Process Steps

• Sputtering/Evaporation

• Selenization

• Buffer Layer Deposition/Cleaning/Washing

Semi-

conductor

Solar

Life

Science


August 14, 2019 - 18 -

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

High Performance Solar Cells: PERC,

Heterojunction, IBC, TOPCon & more

IBC Solar CellHeterojunction Solar Cells

Semi-

conductor

Solar

Life

Science


August 14, 2019 - 19 -

Production Systems for Medical Technology

Applications for Medical Technology

• Washing and pre-cleaning

• Cleaning & Etching

• Ultra- or megasonic cleaning

• Surface conditioning & modification

• Vacuum Coating & Electrochemical etchingSemi-

conductor

Solar

Life

Science


August 14, 2019 - 20 -

DECOLINE II 3-Dimensional Coating

Further System Sold to Automotive Industry

Advanced Surface Coating

• 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


August 14, 2019 - 21 -

Decorative Coating with POLYCOATER

Inline Sputtering System

Advanced Vacuum Coating Applications

• Several Systems sold

• 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


August 14, 2019 - 22 -

TIMARIS Nano Deposition System

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


August 14, 2019 - 23 -

Wet Processing System for Electronics

Advanced Applications

• Manual Wet Process Stations

• Semi- and Fully Automated Wet Process

• Quartztube- and Part-Cleaning

• Total Metal Free Working

Semi-

conductor

Solar

Life

Science


August 14, 2019 - 24 -

Agenda

1

2

Overview

3

Financials

4

SINGULUS TECHNOLOGIES Segments & New Business Areas

SINGULUS TECHNOLOGIES Outlook


August 14, 2019 - 25 -

Long-term Market Trend Shows 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


August 14, 2019 - 26 -

Outlook for the Business Year 2019

For the current business year, pursuant to IFRS, SINGULUS TECHNOLOGIES expects a further

increase in sales and earnings compared with the previous business year 2018. The key sales and

earnings drivers are expected to originate from the Solar division and here from large project orders

from several customers for investments in production lines for CIGS solar modules. The basis for these

increases is in particular the timely realization of the current major projects for the planned expansions

and new CIGS sites of CNBM, respectively.

With regards to the forecasts for the business year 2019 the Executive Board assumes that the signing

of the delivery contracts and the receipt of the corresponding prepayments will still materialize in the

next few weeks. Shortly after that, the customers have to make prepayments in order to operatively

start the projects. This is the prerequisite for the projects to make substantial sales and earnings

contributions in the current business year.

Pursuant to these assumptions, the Executive Board still expects a significant increase in sales within

the group of companies in the business year 2019 within a range of € 135.0 million to € 155.0 million.

The operating earnings before interest and taxes (EBIT) should most probably also develop favorably

and are projected to be in a range between € 6.0 million to € 11.0 million.


August 14, 2019 - 27 -

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.

singulus technologies · • thin film solar solar life science semiconductor • vacuum deposition...

Documents