dave jarzynka senior vice president brooks semiconductor ... · advanced packaging: increasing...
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Dave JarzynkaSenior Vice President Brooks Semiconductor Solutions Group
We enable our customers process advantage
1
Agenda
Positioned for continued growth
The business today
2© 2018 Brooks Automation, Inc. • Proprietary Information
Semiconductor Group at a Glance
LTM
Revenue growth 15%
Gross margin %* 42%
Revenue Breakdown
27%
Cryogenics• Cryopumps• Cryochillers• Service
Key Metrics
* Non-GAAP financial measures – see reconciliation tables. Note: LTM results from Mar’18 3
Gross margin %* 42%
Operating income %* 19%
2018 1H Design win business 38 wins
Engineering based business >375 patents
Diversified business with leadership positions
73%
27%
Automation• Robots,
Systems• Contamination
Control• Service
FY2017$544M
© 2018 Brooks Automation, Inc. • Proprietary Information
What We Do – Enabling a Process Advantage
VacuumAutomation ##11Contamination
Control##11
4
##11Cryogenic Pumping and Cooling
Advanced PackagingWafer Transport##11 Trusted Global Service Trusted Global Service
PlatformPlatformTrusted Global Service Trusted Global Service
PlatformPlatform
© 2018 Brooks Automation, Inc. • Proprietary Information
What We Do – Enabling a Process Advantage
##11##11
• Adopted in Memoryfabs
• Wins in China• LEAP vacuum robot
launched
Since Since 20162016
VacuumAutomation
ContaminationControl
5
##11##11 • Adv. Packaging with chip makers
• Design wins in China
• Wins in China• POD clean for EUV • Expansion into Reticle solutions• Two acquisitions
• Cryogenics into Chuck Cooling
launched• 10 platform wins
Cryogenic Pumping and Cooling
Advanced PackagingWafer Transport
© 2018 Brooks Automation, Inc. • Proprietary Information
Who We Do it For – Leading Customers in High Growth Segments
DeviceDeviceManufacturersManufacturers
33%33%
• ContaminationControl
• Services
100%
2017
• VacuumAutomation
• Advanced Packaging
6
EquipmentEquipmentManufacturersManufacturers
67%67%
Revenue© 2018 Brooks Automation, Inc. • Proprietary Information
Transformed Portfolio to High Growth Segments
$720-$850M
$544M$485M
• Cryogenic solutions
• Global service
• Legacy automation
• 200mm solutions
~8% CAGR <50%
growing at
~3% CAGR
Stable Leadership
FY15 FY17 FY21
Growth portfolio ~ 50% of revenue 7
• Advanced packaging
• Contamination control
• Vacuum automation
• 200mm solutions
>50%growing at
~16%CAGR
Growth Markets
© 2018 Brooks Automation, Inc. • Proprietary Information
$379M
$485M $544M
33%36%
40% $89M
Strong Track Record of Top Line Growth and Margin Expansion
Revenue Operating Income and Margin*Gross Margin*
53%CAGR
12% CAGR
+7 pts
$379M
2013 2015 2017 2013 2015 2017
$16M
$54M
4%4% 11%11% 16%16%
2013 2015 2017
* Non-GAAP financial measures – see reconciliation tables. 88
Strong income flow through on top line growth© 2018 Brooks Automation, Inc. • Proprietary Information
Agenda
Positioned for continued growth
The business today
9© 2018 Brooks Automation, Inc. • Proprietary Information
Vacuum Automation Advanced Packaging Contamination Control
Key challenges• Vacuum Transport• Atomic Level Precision
• Complex Wafers• Unique Carriers
• Carrier Purity• Reticle Integrity
FY17 revenue $135M $46M $84M
Well Positioned and Strong Momentum in Three Key Growth Markets
FY17 revenue $135M $46M $84M
CAGR 12% 26% 42%
Market size* $250M $140M $120M
Market growth 10% 12% 16%
Growth Inflections 3D Structures Plasma, Etching and Bonding EUV Lithography
Growth initiatives #1 #2 #3
10© 2018 Brooks Automation, Inc. • Proprietary Information *Gartner and Management Estimates
• 10% market growth
• Large OEMs outsourcing robot automation
• 10 new wins at <10nm for MagnaTran® LEAP™$87M
$107M
$135M
Focus
G R O W T H D R I V E R # 1
Vacuum Automation Increasing Share in a High Growth Market
Revenue Growth
11
• Tier 2 OEMs in Korea and China Systems expanding
• 12% CAGR
$87M
FY13 FY15 FY17
Increased value by solving our customers’ technical challenges © 2018 Brooks Automation, Inc. • Proprietary Information
1995Brooks Korea Established
2012Vacuum System Manufacturing
2013Expand to FOUP Clean
2015-17Expanding Share
2001Semi OEM Shipments
2011Local Design Engineering andAtmospheric and Vacuum Mfg.
G R O W T H D R I V E R # 1
Case Study: Brooks Korea Growing by Enabling Local OEMs
Brooks Korea Revenue ($M)
$22
$47
Manufacturing Share Shipments
12
$10
2008 2013 2017
• Automation partner for OEM success
• Expanding service and CCS business
• >50% of Vacuum Automationmarket share
Full capability design, supply and manufacturing
Limited repair andfield support
© 2018 Brooks Automation, Inc. • Proprietary Information
G R O W T H D R I V E R # 2
Advanced Packaging: Increasing Share in a High Growth Market
• 12% market growth
• 28 Customers, 3 wins with leading chip makers
• 10 applications, including new wins in Plasma Dicing and Bonding $28M
$46M
Focus Revenue Growth
13
• 26% CAGR$18M
$28M
FY13 FY15 FY17
Increased value by solving our customers’ technical challenges © 2018 Brooks Automation, Inc. • Proprietary Information
• 16% market growth
• Expanding value with FOUP Inspection Metrology
• Only qualified tool for EUV pod Clean
• Memory adoption starting
G R O W T H D R I V E R # 3
Contamination Control: Increasing Share in a High Growth Market
$44M
$84M
Focus Revenue Growth
• Expanding into Reticle Storage and Inspection
• EUV Reticle storage starting to ramp
• 42% CAGR
*Includes amounts prior to BRKS ownership 14
$21M*
$44M
FY13 FY15 FY17
Increased value by solving our customers’ technical challenges © 2018 Brooks Automation, Inc. • Proprietary Information
With Profit
�
G R O W T H I N I T I A T I V E S
Strong Platform Enables a Profitable Growth Ramp Ahead
• New advanced function robot offerings
• 7 Points of GM% improvement over past 5 years
Growth fromNew Opportunities
�
Strong PlatformStrong Platform
15
offerings
• Increased challenges are driving new and more vacuum processes
• New applications in new markets
over past 5 years
• Increasing value position of customer solutions
• Expanding Operating Margin
© 2018 Brooks Automation, Inc. • Proprietary Information
Expecting Strong Financial Performance Going Forward
Revenue Operating Margin*
$720-$850
16%
20-25%7-12%
CAGR~2X
Profit $
$M
16
$544
FY17 FY21
16%
FY17 FY21
Exceeds Semi market growth by 2 - 4 pts per year* Non-GAAP financial measures – see reconciliation tables. Projections exclude intangibles amortization, restructuring expense, and other special charges.
© 2018 Brooks Automation, Inc. • Proprietary Information
I N S U M M A R Y
Proven Leadership with Growth Outperforming the Market
Continued Growth • High growth track record and ~9% growth to 2021
Strong Platform • Building on strong platform – growth opportunities have momentum
17
Strong Platform • Building on strong platform – growth opportunities have momentum
Margin Expansion • Profit margin expansion track record continues
Record Wins • Winning more designs now than ever before
© 2018 Brooks Automation, Inc. • Proprietary Information
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