Capital Deployment and M&A Highlights
Forward-Looking Statements, Non-GAAP Financials and COVID-19
This Presentation and the accompanying oral presentation include “forward-looking statements" within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding Ichor Holdings, Ltd. and its subsidiaries
("Ichor" or the "Company"), its financial condition, its results of operations and the potential offering that reflect the Company's current views and
information currently available. This information is, where applicable, based on estimates, assumptions and analysis that Ichor believes, as of the date
hereof, provides a reasonable basis for the information contained herein. Forward-looking statements can generally be identified by the use of
forward-looking words such as "may", "will", "would", could", "expect", "intend", "plan", "aim", “estimate”, “target”, “anticipate", "believe",
"continue", "objectives”, “outlook”, “guidance” or other similar words, and include statements regarding Ichor's plans, strategies, initiatives, objectives,
targets and future operating or financial performance. These forward-looking statements involve known and unknown risks, uncertainties and other
factors (including those set forth under “Risk Factors” in Ichor's prospectus), many of which are outside the control of Ichor and its representatives.
Actual results, performance or achievements may differ materially and potentially adversely from any projections and forward-looking statements and
the assumptions on which those forward-looking statements are based. There can be no assurance that the information contained in this Presentation
is reflective of future performance to any degree, and readers are cautioned not to place undue reliance on forward-looking statements as a predictor
of future performance. All information in this Presentation speaks only as of the date hereof unless otherwise specified. Ichor undertakes no duty to
update or revise the information contained herein, publicly or otherwise, whether as a result of new information, future events or otherwise. Forecasts
and estimates regarding the Ichor's industry and end-markets are based on sources we believe to be reliable; however, there can be no assurance these
forecasts and estimates will prove accurate in whole or in part.
This Presentation includes certain financial measures not presented in accordance with generally accepted accounting principles ("GAAP”), including,
but not limited to, adjusted net income from continuing operations and certain ratios and other metrics derived therefrom. These non-GAAP financial
measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing
Ichor's financial results. Therefore, these measures should not be considered in isolation or as an alternative to net income, cash flows from operations
or other measures of profitability, liquidity or performance under GAAP. You should be aware that Ichor's presentation of these measures may not be
comparable to similarly-titled measures used by other companies. Non-GAAP reconciliations are contained in Ichor's SEC filings.
This Presentation also contains estimates and other statistical data made by independent parties relating to market size and growth and other industry
data. These data involve a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. The Company has
not independently verified the statistical and other industry data generated by independent parties and contained in this presentation and, accordingly, it
cannot guarantee their accuracy or completeness. In addition, projections, assumptions and estimates of its future performance and the future
performance of the markets in which it competes are necessarily subject to a high degree of uncertainty and risk due to a variety of factors. These and
other factors could cause results or outcomes to differ materially from those expressed in the estimates made by the independent parties.
COVID-19 Pandemic and Market Conditions Update
The COVID-19 pandemic and related economic repercussions have created, and are expected to continue to create, significant volatility, uncertainty,
and turmoil in our industry. Government shutdowns and "social distancing" guidelines are, and will continue to, result in reduced factory capacity. In
addition, an increase in direct costs within our factories associated with employee personal protective equipment ("PPE”), facility cleaning and layout
changes, together with increases in logistics costs and employee labor costs, as well as other operating inefficiencies have resulted in, and may continue
to result in, lower revenues and operating margins. The extent and duration of these impacts cannot be specifically quantified given the dynamic nature
and breadth of the pandemic's impact on our operations and that of our customers and suppliers.
ichor
ProprietaryView entire presentation