Solar & Semiconductor SolutionsAMTECH SYSTEMS, INC.
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Amtech Systems, Inc.
Nasdaq: ASYS
J.S. WhangChairman & Chief Executive Officer
Brad AndersonChief Financial Officer
August 2010
Solar & Semiconductor Solutions
25th LISTING ANNIVERSARY
ASYS / NASDAQ
5th LISTING ANNIVERSARY
Solar & Semiconductor SolutionsAMTECH SYSTEMS, INC.
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Safe Harbor StatementCertain statements in the following presentation relate to future results that are forwardlooking statements as defined in the Private Securities Litigation Reform Act of 1995.Actual results may differ materially from those projected as a result of certain risks anduncertainties, including but not limited to, changes in the technologies used by Amtech’scustomers, change and volatility in the demand for diffusion, PSG and PECVD equipment,the effect of changing worldwide political and economic conditions on government-fundedsolar initiatives, capital expenditures, production levels, including those in Europe andAsia, the effect of overall market conditions, market acceptance, risks associated withdependence on suppliers, the impact of competitive products and pricing, technologicaland product development risks (including the risks inherent in launching new products)and other risk factors noted in our forms 10-K, 10-Q, and other filings with the SEC. Thispresentation includes historical and forward-looking pro forma information. The Companyassumes no responsibility to update the information contained in this presentation.
This presentation and the information contained herein is the property of Amtech Systems,Inc.
Solar & Semiconductor SolutionsAMTECH SYSTEMS, INC.
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Amtech is: A Market Leading Supplier of Solar Diffusion Processing Systems used
for Solar Cell Manufacturing
Achieving higher efficiencies through R&D partnership programs!
Horizontal Diffusion Furnace
Solar & Semiconductor SolutionsAMTECH SYSTEMS, INC.
4 Solar & Semiconductor SolutionsAMTECH SYSTEMS, INC.
Tempress
(Amtech)
39%
Centrotherm33%
Sierratherm 12%
Semco 6%
SVCS 5%
Others 5%
Diffusion, our Core Business
Diffusion Furnace Main players & Market shares Diffusion Furnace Main players & Market shares
Main playersDiffusion furnace market shares in 2008
© 2008• 150
Market study by Yole Development
The main players are Tempress,Centrotherm, Sierratherm, SEMCO,SVCS.
— “Others” category integrates playerssuch as Schmid, BTU, Koyo,Sevenstar, Tecnofimes, MRL.
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A long-term player: over 27 years listed on NASDAQ
Named to Fortune’s 2009 Listof America’s fastest-growingsmall public companies
Named to Deloitte’sFastest 500
2008 - 25th ListingAnniversary
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Revenue/Order Trends (in millions)
($M)($M)
REVENUE (FY) ORDERS (FY)
* Fiscal 2010 YTD equals 9 months
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• Semi• Solar
Order Trend (solar/semi)Transitioned to Solar dominant from Semi
$55M
$40M
$107M
$35M
$138M
* Fiscal 2010 YTD equals 9 months
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Earnings Summary$
In M
illio
ns
GAAP Net Income (Loss) EBITDA (before impairment & restructuring charges)
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Significant SOLAR business opportunity
Large emerging solar market
Grid parity expected to be reached within 5 years
The market leader in solar DIFFUSION processing systems
Gaining market share with newly developed DIFFUSIONTECHNOLOGY for N-type cells
RECORD June Quarter:
Record revenues = $43 million (168% sequentially)
Record EPS = $0.42
37% Gross Margin; 15% operating margin
$81 million in backlog entering the September quarter
$42.7 million in cash at 6-30-10 to support growth initiatives
Investment Highlights Investment Highlights
Solar & Semiconductor SolutionsAMTECH SYSTEMS, INC.
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Solar Industry Segments
MEMC, Hemlock, Wacker, REC, Tokuyama, SUMCO
Silicon Ingots and Wafers
COMPANY DOING BUSINESS IN THAT SEGMENT
MEMC, Wacker, REC, LDK, SUMCO, Yingli,M.SETEK, ReneSola
Kyocera, DelSolar, Q-Cell, E-ton, CSI, Motech,Yingli, Sharp, Trina, BP Solar, SolarWorld,GE Energy, Evergreen Solar, SunPower
Amtech Systems (Tempress®), CentroTherm, Roth& Rau, BTU International, 48th Institute
Sharp, Q-cell, Kyocera, Suntech, Yingli, Sunpower,SolarWorld, Evergreen, ErSol, CSI
Polycrystalline
Solar Cells
Solar Modules
Solar Cell Prod. Equip.
Solar & Semiconductor SolutionsAMTECH SYSTEMS, INC.
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Amtech History (Diffusion Experts)1981 Founding of Amtech Systems, Inc., semi quartz consumable
business.
1983 Acquired Intel Corp invention: Diffusion processing tool (ATMOSCAN).
1994 Acquired Tempress® Systems: Diffusion furnace business.
1997 Acquired P.R. Hoffman®, silicon polishing consumable business.
2004 Acquired Bruce Technologies® from Hitachi Kokusai; Diffusionfurnace business.
2005 Became No. 1 semi horizontal Diffusion company in the world.
2006 Entered Solar Diffusion market using core semiconductordiffusion competency.
Acquired R2D™ Ingenierie SAS; Solar Diffusion Automation.2007
Introduced Solar PECVD.2008
Introduced Solar Dry Etch (PSG removal) product.2009
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Solar Market Opportunity &Growth Strategy
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iSuppli Corp: Global PV System Installation ForecastRevised August 2010 (Megawatts)
Data Source: PV-tech.org, August, 2010
Meg
awat
ts
7,400
14,000
20,30021,000
38,200
27,800
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
2009 2010 2011 2012 2013 2014
Installations
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China’s Domestic PV Demand Potential
Data Source: GTM Research September 2009GTM Research September 2009
(In MWs)
Solar & Semiconductor SolutionsAMTECH SYSTEMS, INC.
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0
50
100
150
200
250
300
2006 2008 2009 2010 2011 2012 2013 2014
Po
lyS
i M
etr
ic T
on
s (
tho
us
an
ds
)
Conservative Including All New Entrants
With 4 billion US$ in announced expansions, projects reaching manufacturingcapacities of 63,000 metric tons by 2014 at its plants in Michigan andTennessee - up from its current capacity of just under 30,000 MT.
Hemlock Semiconductor VP Gary Homan:
Data Source: PV Tech – www.pv-tech.org September 2009
92 MT
185 MT
38 MT
54
93
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— Renewable Energy push by all G-8 and G-20
— Energy Security & Independence Issue
— Economic Stimulus Plan focuses on Solar industry
— Creating True New Jobs
— 30% Tax Credit, No Cap; $3 Billion in tax grants
— Solar Energy Cost achieving Grid Parity within next 5 years
— Record low interest rate around the world
— Solar Value Chains largely remain focused on future growth
Solar Fundamentals Remain Intact
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6. Printing RearSide Contacts
17
Solar Cell Manufacturing Process Flow Chart
4. Etching Oxide(PSG)
5. Applying Anti-Reflective Coating
(PECVD)
7. Drying 9. Drying 10. Printing FrontSide Contacts
11. Drying andSintering
12. Testing andSorting
8. PrintingAluminum on Back
Surface Field
1. Inspecting andSplitting Wafers
2. Etching SawDamage
(Texturing)3. Diffusion
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SOLAR BUSINESS STRATEGY
I. Higher market share in core “Diffusion” business.
II. Expand high-efficiency cell “N-Type” businessbeyond Yingli.
III. Expand the size of market we serve by becomingthe front-end “Technology Turnkey” Provider.
(Texturing-Diffusion-PSG-PECVD)
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Our Products
Solar & Semiconductor SolutionsAMTECH SYSTEMS, INC.
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Amtech Products, Brands & ApplicationsAmtech Products, Brands & Applications
Diffusion Furnace, PSG & PECVD
Furnace Automation &Wafer Handling Systems Wafer Carriers
Silicon WafersSolar Cells & Semiconductor Chips
S-300S-300®
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Customer Base: Asia-Focused
Largest Customer (% of Rev)
FY09: 25%
FY08: 20%
FY07: 13%
Asia
EuropeNorth America
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Financial Overview
Solar & Semiconductor SolutionsAMTECH SYSTEMS, INC.
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Summary of Annual Net RevenueR
even
ue
Fiscal Year (Oct. 1 Sep. 30)
($ in Millions)
$46M$40M
$112 -$114M *
$80M
$53M
* Guidance updated 8-5-10
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Earnings Summary$
In M
illio
ns
GAAP Net Income (Loss) EBITDA (before impairment & restructuring charges)
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Balance Sheet(In Millions)
9.0
$7.28
$72.5
$0.7
$116.0
$42.7Cash and cash equivalents
Total assets
Total debt
Shareholders’ equity
Shares outstanding
Tangible BV per share
June 30, 2010
Solar & Semiconductor SolutionsAMTECH SYSTEMS, INC.
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Significant SOLAR business opportunity
Large emerging solar market
Grid parity expected to be reached within 5 years
The market leader in solar DIFFUSION processing systems
Gaining market share with newly developed DIFFUSIONTECHNOLOGY for N-type cells
Record June Quarter:
Record revenues = $43 million (168% sequentially)
Record EPS = $0.42
37% Gross Margin; 15% operating margin
$81 million in backlog entering the September quarter
$42.7 million in cash at 6-30-10 to support growth initiatives
Investment Highlights Investment Highlights
Solar & Semiconductor SolutionsAMTECH SYSTEMS, INC.
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Amtech Systems, Inc.
Nasdaq: ASYS
Thank You!
August 2010
Solar & Semiconductor Solutions
25th LISTING ANNIVERSARY
ASYS / NASDAQ
5th LISTING ANNIVERSARY