Investor Presentation - 13th Annual CEO Summit
Investment Highlights
Combining Revenue Outperformance and Increasing Profitability to Drive Earnings
Leverage and Free Cash Flow
Revenue growth outperforming the industry... Outpacing industry, peers and customers
with 5-year CAGR of 26% vs. WFE growth of 13% (1) ... 2020 revenues increased 47% YoY and
strong growth expected for 2021
■ Multiple drivers for continued revenue outperformance... Leveraged to largest growth
segments within WFE; expanding product offerings and customer base; continued market share
gains
Expanding capabilities and SAM... Investments in R&D focused on driving increased IP
content in proprietary products; strategic acquisitions added plastics, weldment and precision
machining capability, as well as strategic foothold in South Korea - adding ~$2.5B to our SAM(2)
■ Delivering strong earnings leverage... Increasing profitability through gross margin
improvement and close control of opex to drive leverage to bottom line; EPS grew 2x the rate
of revenue growth in 2020(3)
(1) See following slide for data.
(2) Estimated 2020 SAM provided on slide 7.
(3) Non-GAAP earnings per share excludes amortization of intangible assets, share-based compensation, non-recurring expenses and discrete tax items.
ichor
Proprietary
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