SOITEC HOSTS ITS
2019 CAPITAL MARKETS DAY
-
Soitec continues to expand its
engineered substrates portfolio from SOI products to new products
(POI, GaN)
-
Soitec products served
addressable markets (SAM) are expected to reach US$ 2.1 to 2.9
billion market within 5 years[1]
-
At full capacity, estimated
sales would reach € 1.4 billion with an EBITDA[2]
margin[3] at 32% of
sales
-
Mid-term financial outlook:
FY'22 sales of around € 900 million with an EBITDA2
margin3 at around 31%
of sales
-
In addition, Soitec
technologies open new business opportunities in compound
semiconductors with a SAM above $ 1.0 billion within 5
years
Bernin (Grenoble), France, June 13th, 2019
- Soitec (Euronext Paris), a world leader in designing and
manufacturing innovative semiconductor materials, is hosting today
its 2019 Capital Markets Day. During the presentations, Soitec's
management team will provide an updated vision of the Company's
market potential.
Paul Boudre, Soitec's CEO,
commented: "Soitec is ready to
continue its amazing journey in the semiconductor universe, where
technology keeps pushing the performance boundaries of everyday
electronic devices. Our innovative engineered substrates bring
differentiated value to a wide range of electronics systems in our
strategic end markets (smartphones, automotive, internet of things
and cloud and mobile infrastructure).
Within the next five years our SOI core business will reach
a served addressable market of US$ 1.6 to 2.4 billion representing
a 15 to 25% annual growth and our new products (POI, GaN) a served
addressable market of US$ 0.5 billion. In addition, Soitec
technologies open new business opportunities in compound
semiconductors with a served addressable market above $ 1.0 billion
within 5 years. Our mid-term ambition is to reach approximately €
900 million of revenues in FY'22. To capture this future growth we
will be adding further capacity, focusing in priority on extending
our current industrial sites."
Outlook
Soitec estimates that operating
its extended industrial facilities at full capacity would translate
into total sales of approximately 1.4 billion Euros with an
EBITDA2 of around 450
million Euros or an EBITDA2
margin3 of around 32%
based on a $/€ rate at 1.13 (the sensitivity of EBITDA to a 10cts
fluctuation of the $/€ rate being estimated at 45 million
Euros).
Soitec mid-term target is to reach
FY'22 sales of around 900 million Euros with an EBITDA2
margin3 of around
31%, these figures being also based on a $/€ rate at 1.13.
# # #
The slide presentation related to
the event will be available on Soitec's website today
(13th June, 2019)
at 1.30pm together with a live audiocast of the event:
https://www.soitec.com/en/investors/investors-material
The event will take place from
1.30pm to 6.00pm.
# # #
Disclaimer
This document was
prepared by Soitec (the "Company") on June 12th, 2019
in connection with the announcement of the fiscal year 2018-2019
("FY'19") results.
This document is
provided for information purposes only. It is public information
only.
The Company's
business operations and financial position is described in the
Company's registration document 2017-2018 registered by the
Autorité des marchés financiers (the "AMF") on
June18th, 2018 under
visa D.18-0586 (the "Document de Référence") and in the
Company's FY'19 half-year report released on November 28th, 2018.
Copies of the Document de Référence and of the FY'19 half-year
report are available in French and English languages through the
Company and may as well be consulted and downloaded on the
Company's website (www.soitec.com). The Document de Référence is
also available on the AMF's website (www.amf-france.org).
For information,
the Company's registration document 2018-2019 is expected to be
registered by the AMF on July 4, 2019.
Your attention is
drawn to the risk factors described in Chapter 4 of the Document de
Référence. A review of these risk factors has been conducted after
the closing of FY'19 first half and no new risk was found.
This document
contains summary information and should be read in conjunction with
the Document de Référence and the FY'19 half-year report. In the
event of a discrepancy between this document and the Document de
Référence or the FY'19 half-year report, the Document de Référence
or, as the case may be, the FY'19 half-year report, shall
prevail.
The information
contained in this document has not been independently verified. No
representation, warranty or undertaking, express or implied, is
made as to, and you may not rely on, the fairness, accuracy,
completeness or correctness of the information and opinions
contained in this document. The information contained in this
document is provided only as of the date hereof. Neither the
Company, nor its shareholders or any of their respective
subsidiaries, advisors or representatives, accept any
responsibility or liability whatsoever for any loss arising from
the use of this document or its contents or in connection
whatsoever with this document.
This document
contains certain forward-looking statements. These forward-looking
statements relate to the Company's future prospects, developments
and strategy and are based on analyses of earnings forecasts and
estimates of amounts not yet determinable. By their nature,
forward-looking statements are subject to a variety of risks and
uncertainties as they relate to future events and are dependent on
circumstances that may or may not materialize in the future.
Forward-looking statements are not a guarantee of the Company's
future performance.
The Company's
actual financial position, results and cash flows, as well as the
trends in the sector in which the Company operates may differ
materially from those contained in this document. Furthermore, even
if the Company's financial position, results, cash-flows and the
developments in the sector in which the Company operates were to
conform to the forward-looking statements contained in this
document, such elements cannot be construed as a reliable
indication of the Company's future results or developments.
The Company does
not undertake any obligation to update or make any correction to
any forward-looking statement in order to reflect an event or
circumstance that may occur after the date of this document. In
addition, the occurrence of any of the risks described in Chapter 4
of the Document de Référence may have an impact on these
forward-looking statements.
This document
does not constitute or form part of an offer or a solicitation to
purchase, subscribe for, or sell the Company's securities in any
country whatsoever. This document, or any part thereof, shall not
form the basis of, or be relied upon in connection with, any
contract, commitment or investment decision.
Notably, this
document does not constitute an offer or solicitation to purchase,
subscribe for, or sell securities in the United States. Securities
may not be offered or sold in the United States absent registration
or an exemption from the registration under the U.S. Securities Act
of 1933, as amended (the "Securities Act"). The Company's shares
have not been and will not be registered under the Securities Act.
Neither the Company nor any other person intends to conduct a
public offering of the Company's securities in the United
States.
Agenda
Q1'20 sales are due to be
published on July 17th, 2019 after
market close.
About
Soitec
Soitec (Euronext, Tech 40 Paris) is a world leader in designing and
manufacturing innovative semiconductor materials. The company uses
its unique technologies and semiconductor expertise to serve the
electronics markets. With more than 3,000 patents worldwide,
Soitec's strategy is based on disruptive innovation to answer its
customers' needs for high performance, energy efficiency and cost
competitiveness. Soitec has manufacturing facilities, R&D
centers and offices in Europe, the U.S. and Asia.
Soitec and Smart Cut are
registered trademarks of Soitec.
For more
information, please visit www.soitec.com and
follow us on Twitter: @Soitec_EN
Investor Relations:
Steve Babureck
+33 6 16 38 56 27
+1 858 519 6230
steve.babureck@soitec.com
|
Media Contact:
Erin Berard
+33 6 80 36 53 40
erin.berard@soitec.com
Isabelle Laurent
+33 1 53 32 61 51 isabelle.laurent@oprgfinancial.fr
Fabrice Baron
+33 1 53 32 61 27
fabrice.baron@oprgfinancial.fr |
# # #
Soitec is a French joint-stock corporation with a
Board of Directors (Société Anonyme à Conseil d'administration)
with a share capital of € 62,762,070.50, having its registered
office located at Parc Technologique des Fontaines - Chemin des
Franques - 38190 Bernin (France), and registered with the Grenoble
Trade and Companies Register under number
384 711 909.
# # #
[1] Soitec
market estimates
[2] The EBITDA
represents the current operating income (EBIT) before depreciation,
amortization, non-monetary items related to share-based payments,
and changes in provisions on current assets and provisions for
risks and contingencies, excluding income on asset disposals. The
impact in equity of the first time application of IFRS 15 is
included in EBITDA. This alternative indicator of performance is a
non-IFRS quantitative measure used to measure the company's ability
to generate cash from its operating activities. EBITDA is not
defined by an IFRS standard and must not be considered an
alternative to any other financial indicator.
[3] Electronics
EBITDA margin = EBITDA from continuing operations / Sales.
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information contained therein.
Source: SOITEC via Globenewswire
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