Interim report
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AT&S INTERIM REPORT FIRST QUARTER 2024/25 ADVANCED TECHNOLOGIES & SOLUTIONS 1
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AT&S INTERIM REPORT THI RD QUARTER 2024/ 25 ADVANCED TECHNOLOGIES & SOLUTIONS 2 AT&S maintains revenue at prior-year level At € 1,196.7 million, revenue in the first three quarters of 2024/25 remained at the prior- year level (€ 1,205.1 million) Revenue of € 396.8 million in Q3 2024/25 was at the same level as in the prior-year quarter (Q3 2023/24: € 391.2 million) and seasonally 11.9% lower than in the preceding quarter (Q2 2024/25: € 450.5 million) Closing of sale of AT&S Korea finalized on 31 January 2025 Cost optimization and efficiency program as well as review of investments intensified Medium-term forecast adjusted in December due to market environment KEY FIGURES Unit Q3 2024/25 Q3 2023/24 Change in % Revenue € in millions 1,196.7 1,205.1 (0.7%) EBITDA € in millions 231.7 267.8 (13.5%) EBITDA adjusted1 € in millions 331.9 320.7 3.5% EBITDA margin % 19.4% 22.2% – EBITDA margin adjusted1 % 27.7% 26.6% – EBIT € in millions (1.4) 63.3 – EBIT adjusted1 € in millions 112.3 118.5 (5.2%) EBIT margin % (0.1%) 5.3% – EBIT margin adjusted1 % 9.4% 9.8% – Profit/(loss) for the period € in millions (95.3) 6.9 – Net CAPEX € in millions 327.5 698.8 (53.1%) Operating free cash flow € in millions (356.9) (201.5) – Earnings per share € (2.79) (0.16) – Employees2 – 13,402 13,922 (3.7%) 1 Adjusted for one-off effects; further information can be found in the following economic report under ‘Business development and situation’ 2 Incl. contract staff, average HIGHLIGHTS Q3 2024/25
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AT&S INTERIM REPORT THI RD QUARTER 2024/ 25 ADVANCED TECHNOLOGIES & SOLUTIONS 3 BUSINESS DEVELOPMENT AND SITUATION AT&S maintained its revenue at the prior-year level in a difficult overall market situation. Despite the challenging conditions, the company was able to maintain the revenue level of the prior-year quarter and even improved the adjusted operating result. However, the weak market environment is reflected in the planning assumptions. The successfully initiated transformation process will be pursued consistently and AT&S is preparing for further growth. For the coming two years, average annual revenue growth of approximately 20 percent is expected due to the opening of the two new plants in Malaysia and Austria. In addition, AT&S is expanding its leading technology position for printed circuit boards and substrates, which will bring new renowned customers and consequently better protection for future market cycles. The extreme price pressure is omnipresent in the industry. AT&S is now prepared for it and continuously adapts its measures. In addition, investments to be made in the coming years are subject to intensive review. AT&S successfully completed the sale of the plant in Ansan, Korea, to the Italian company SO.MA.CI.S. as of January 31, 2025, thus further sharpening the Group’s strategic profile and strengthening its financial position. The purchase price (equity value) amounts to € 405.0 million and € 16.7 million of interest income (equity ticker). AT&S Korea primarily manufactures flexible printed circuit boards. From a group perspective, revenue of this company amounted to € 61.7 million (previous year: € 56.4 million) and EBITDA to € 32.6 million (previous year: € 28.3 million) in the first three quarters of the financial year 2024/25. In the financial statements as of December 31, 2024 the assets and liabilities concerned were classified as a disposal group (group of assets and liabilities held for sale) as a closing of the transaction within 12 months was considered to be highly likely. In comparison with the prior-year period, consolidated revenue was constant at € 1,196.7 million in the first three quarters of the financial year 2024/25 (previous year: € 1,205.1 million). AT&S recorded a positive volume development during the reporting period, which was, however, canceled out by continuing high price pressure for both printed circuit boards and IC substrates. In the Microelectronics segment, third-party revenue exceeded the level of the comparable period and improved by € 2.9 million. In the Electronics Solutions segment, third-party revenue was € 11.2 million lower than in the previous year. Currency effects, especially due to the stronger US dollar, had a positive influence of € 5.0 million on the development of revenue. Adjusted for currency effects, consolidated revenue declined by 1.1%. EBITDA decreased from € 267.8 million to € 231.7 million. The decline in earnings is primarily attributable to the increased price pressure and higher start-up costs. In order to counter effects such as price pressure and inflation resulting from the currently difficult market environment, AT&S continues to intensively drive its comprehensive cost optimization and efficiency program. This resulted in additional non-recurring expenses of € 10.2 million, which mainly include expenses for a social plan, which was agreed and communicated in June 2024. In addition, start-up costs in Kulim, Malaysia, and Leoben, Austria, had a negative effect totaling € 98.5 million on earnings (previous year: € 55.2 million). Currency fluctuations of the US dollar and the Chinese renminbi had a positive influence of € 9.1 million on the development of EBITDA. The recognition of special items in the calculation of the key figures “EBIT adjusted” and “EBITDA adjusted” is considered appropriate in order to facilitate the analysis of the ordinary business performance. In the first three quarters of the current financial year, start-up costs, expenses from non-recurring items (essentially for personnel measures) and payments for personnel measures were recognized as special items. EBITDA adjusted for the above mentioned special items amounted to € 331.9 million (previous year: € 320.7 million), which corresponds to an increase by 3.5%. The EBITDA margin amounted to 19.4%, thus falling short of the prior-year level of 22.2%. However, the adjusted EBITDA margin was 27.7%, thus exceeding the prior-year level of 26.6%. ECONOMIC REPORT
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AT&S INTERIM REPORT THI RD QUARTER 2024/ 25 ADVANCED TECHNOLOGIES & SOLUTIONS 4 Depreciation and amortisation rose by € 28.5 million year-on- year and amounted to € 233.1 million due to additions to assets and technology upgrades. EBIT decreased from € 63.3 million to € -1.4 million. The EBIT margin amounted to -0.1% (previous year: 5.3%). The adjusted EBIT margin was 9.4% (previous year: 9.8%) Finance costs – net declined from € -40.9 million to € -65.1 million. This was mainly attributable to the decline in interest result by € 33.6 million to € -72.2 million (previous year: € -38.6 million). Gross interest expenses of € 92.7 million exceeded the prior-year level of € 56.5 million by € 36.2 million mainly due to the higher financing volume and higher interest rates (especially through “margin step- ups”). The increase in lease financing also had a negative impact on the interest result (change: € -11.6 million). As a result of the higher interest rates, interest income, at € 20.5 million, exceeded the prior year level of € 17.9 million by € 2.6 million. Foreign currency effects of € 7.0 million (previous year: € -2.7 million) had a positive impact on finance costs – net. Profit for the period decreased from € 6.9 million by € 102.2 million to € -95.3 million. Taking into account interest on hybrdid capital of € 13.2 million (previous year: € 13.2 million) earnings per share amounted to € -2.79 (previous year: € -0.16), which was a reduction by € 2.63. BUSINESS DEVELOPMENT BY SEGMENTS The AT&S Group breaks its operating activities down into three segments: Electronics Solutions, Microelectronics and Others. For further explanations on the segments and segment reporting, please refer to the Annual Report 2023/24. Electronics Solutions segment In the Electronics Solutions segment, third-party revenue was nearly constant at the level of the same period of the previous year. Third-party revenue declined slightly by 1.5% from € 745.2 million to € 733.9 million. The segment’s EBITDA at € 154.9 million, was € 20.9 million below the prior-year level of € 175.9 million. The main reasons for this development are effects resulting from the currently difficult market environment, such as price pressure and higher material costs. The efficiency program counteracts these effects, but burdened earnings with expenses from non-recurring items (essentially personnel measures) amounting to € 1.9 million (previous year: € 0.0 million). This resulted in an EBITDA margin of 21.1%, which was below the prior-yerar level 23.6%. EBIT decreased by € 19.4 million from € 95.2 million to € 75.8 million. The EBIT margin amounted to 10.3 % (previous year: 12.8 %). Microelectronics segment Third-party revenue in the Microelectronics segment amounted to € 462.8 million, up 0.6% on the prior-year revenue of € 459.9 million. The segment’s EBITDA, at € 87.1 million, was € 3.6 million lower than in the previous year (€ 90.6 million) with positive effects due to higher volumes and negative effects from start- up costs of € 94.4 million at the plants in Kulim, Malaysia and Leoben, Austria (previous year: € 52.4 million). To counteract these effects positively the cost-saving and efficiency program was intensified, which, however led to one-off expenses from non-recurring items (essentially personnel measures) of € 4.4 million (previous year: € 0.0 million). The EBITDA margin declined by 1.3 percentage points from 17.8% to € 16.5 %. EBIT fell from € -27.8 million to € -60.2 million. The EBIT margin amounted to -11.4% (previous year: -5.5%). FINANCIAL POSITION Total assets increased by 2.7% in the first three quarters from € 4,674.9 million as of 31 March 2024 to € 4,802.8 million as of 31 December 2024. Total assets rose mainly as a result of an increase in property, plant and equipment from € 3,394.9 million as of 31 March 2024 to € 3,476.8 million at 31 December 2024. Additions to assets and technology upgrades amounting to € 316.2 million were offset by depreciation and amortization totaling € 233.1 million. Additions to assets led to cash CAPEX of € 328.7 million. Property plant and equipment reported in the consolidated statement of financial position as of 31 December 2024 also include right-of-use assets according to IFRS 16 of
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AT&S INTERIM REPORT THI RD QUARTER 2024/ 25 ADVANCED TECHNOLOGIES & SOLUTIONS 5 € 430.5 million. Correspondingly, financial liabilities include lease liabilities of € 347.1 million. Inventories rose from € 160.8 million to € 171.3 million. Cash and cash equivalents amounted to € 549.7 million (31 March 2024: € 676.5 million). In addition, AT&S had unused credit lines of € 133.7 million to secure the financing of the future investment programme and short-term repayments. Equity rose by 3.9% compared to the balance sheet date, from € 966.6 million to € 1,003.8 million. The increase is due in particular to currency effects from translation of net assets of subsidiaries (€ 136.9 million). The loss for the period of € -95.3 million and the change in hedging instruments for cash flow hedges (€ -4.3 million) had a positive effect on the development of equity. The equity ratio increased by 0.2 percentage points to 20.9%. Net debt increased by € 251.9 million or 18.0% from € 1,403.0 million to € 1,654.9 million, whereby the low level of factoring and obtaining financing had a negative impact on net debt. Cash flow from operating activities in the first nine months of the current financial year amounted to € -29.4 million (previous year: € 497.3 million). Apart from lower earnings (change in EBITDA € -36.1 million) and higher interest payments (change € -25.0 million), the main change in cash flow from operating activities was caused by changes in working capital. On the one hand, factoring was implemented for a significantly lower amount of receivables (change: € -164.5 million); on the other hand, considerable positive effects were achieved in the comparable period of the previous year from the change in working capital (change compared to the prior-year quarter: € -343.6 million) due to the company’s focus on working capital management. In addition, higher payments were made in connection with the communicated major projects in the previous year, which declined by € 113.2 million year-on-year as planned. Net CAPEX amounted to € 327.5 million (previous year: € 698.8 million), resulting operating free cash flow of € -356.9 million (previous year: € -201.5million). Cash flow from financing activities amounted to € 191.6 million (previous year: € 58.6 million) and is due in particular to taking out financing.
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AT&S INTERIM REPORT THI RD QUARTER 2024/ 25 ADVANCED TECHNOLOGIES & SOLUTIONS 6 OUTLOOK Expected market environment Despite a few bright spots in the market, economic pressure is persisting; therefore, market recovery effects are only slowly becoming apparent. As a result, the company anticipates price pressure to continue beyond the end of the fiscal year. To counter this effect, the company is intensifying and further focusing on the ongoing efficiency programs. In addition to comprehensive cost-cutting measures, a reduction of up to 1,000 employees is taking place at the existing locations, which has now been nearly completed. Outlook 2024/25 The management is planning investments of just under € 500 million (previously: roughly € 500 million) for the financial year 2024/25 depending on the market environment and progress of projects. The majority of these investments will be used for the IC substrate production at the new plants in Kulim and Leoben. The management expects the volatile order behavior of a key customer to continue and the weakness of the European automotive and industrial markets to persist in the last quarter of the financial year 2024/25. As already communicated in the half-year results, high-volume production at the two new plants will start one to two quarters later than originally planned. The company therefore expects the first contributions to revenue from these plants in the first quarter of the new financial year 2025/26. Accordingly, the costs incurred will be reported as start-up costs – in the fourth quarter of the financial year 2024/25 these should amount to just under € 20 million. AT&S expects to generate annual revenue of between € 1.5 and € 1.6 billion in the financial year 2024/25 and thus confirms the guidance for the current financial year. Excluding the effects from the start-up of the new production capacities in Kulim and Leoben and one-off costs from the implementation of the cost optimization and efficiency program (including garden leave) of up to € 110 million and excluding the gain from the sale of the plant in Ansan, the adjusted EBITDA margin is expected to be between 24 and 26%. The revenue and EBITDA contribution of the plant in Ansan are included in the respective items of the consolidated statement of profit or loss until the sale process is completed (IFRS 5, Disposal Group). The gain from the sale will not be included in the adjusted EBITDA margin. Outlook 2026/27 The production capacity expansion in Kulim and the expansion of the site in Leoben are still developing positively despite the currently challenging global economic situation. Nevertheless, AT&S had to adjust the outlook for the financial year 2026/27 on 17 December 2024. The adjustments are due to a persistent weakness of the market coupled with overcapacities for printed circuit boards and IC substrates, and the resulting price pressure. AT&S now assumes that revenue of approximately € 2.1 to € 2.4 billion (previously: € 3 billion) will be generated in the financial year 2026/27 and expects an EBITDA margin of 24 to 28% (previously: 27 to 32%). This forecast does not include potential revenue from the second plant built by AT&S in Kulim. The management monitors the currently tense geopolitical situation very carefully in order to be able to respond to developments at any time and to make strategic adaptations. Leoben-Hinterberg, February 4, 2025 Management Board Petra Preining m.p. Peter Schneider m.p. Peter Griehsnig m.p. Ingolf Schröder m.p.
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AT&S INTERIM REPORT THI RD QUARTER 2024/ 25 ADVANCED TECHNOLOGIES & SOLUTIONS 7 CONSOLIDATED STATEMENT OF PROFIT OR LOSS € in thousands 1 Oct - 31 Dec 2024 1 Oct - 31 Dec 2023 1 Apr - 31 Dec 2024 1 Apr - 30 Dec 2023 Revenue 396,832 391,175 1,196,719 1,205,086 Cost of sales (343,968) (364,540) (1,034,592) (1,037,545) Gross profit 52,863 26,635 162,127 167,541 Distribution costs (13,543) (12,153) (41,732) (35,678) General and administrative costs (19,937) (18,788) (60,849) (48,090) Other operating income 12,885 12,642 48,263 34,935 Other operating costs (38,550) (26,661) (98,979) (55,390) Other operating result (25,665) (14,019) (50,716) (20,455) Non-recurring items (1,900) – (10,180) – Operating result (EBIT) (8,181) (18,325) (1,350) 63,318 Finance income 19,796 8,436 33,629 25,227 Finance costs (34,956) (30,951) (98,719) (66,086) Finance income/costs – net (15,160) (22,515) (65,090) (40,859) Profit/(Loss) before tax (23,341) (40,840) (66,440) 22,459 Income taxes (9,296) (832) (28,868) (15,595) Profit/(Loss) for the period (32,637) (41,672) (95,308) 6,864 Attributable to owners of hybrid capital 4,411 4,411 13,185 13,185 Attributable to owners of the parent company (37,048) (46,083) (108,493) (6,321) Earnings per share attributable to equity holders of the parent company (in € per share): – basic (0.95) (1.19) (2.79) (0.16) – diluted (0.95) (1.19) (2.79) (0.16) Weighted average number of shares outstanding – basic (in thousands) 38,850 38,850 38,850 38,850 Weighted average number of shares outstanding – diluted (in thousands) 38,850 38,850 38,850 38,850 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME € in thousands 1 Oct - 31 Dec 2024 1 Oct - 31 Dec 2023 1 Apr - 31 Dec 2024 1 Apr - 30 Dec 2023 Profit/(Loss) for the period (32,637) (41,672) (95,308) 6,864 Items to be reclassified: Currency translation differences, net of tax 57,342 (53,250) 136,858 (135,050) Gains/(Losses) from the fair value measurement of hedging instruments for cash flow hedges, net of tax (516) (7,380) (4,329) (7,789) Items not to be reclassified: Other comprehensive income/(loss) for the period 56,826 (60,630) 132,529 (142,839) Total comprehensive income/(loss) for the period 24,189 (102,302) 37,221 (135,975) Attributable to owners of hybrid capital 4,411 4,411 13,185 13,185 Attributable to owners of the parent company 19,778 (106,713) 24,036 (149,160)
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AT&S INTERIM REPORT THI RD QUARTER 2024/ 25 ADVANCED TECHNOLOGIES & SOLUTIONS 8 CONSOLIDATED STATEMENT OF FINANCIAL POSITION € in thousands 31 Dec 2024 31 Mar 2024 ASSETS Property, plant and equipment 3,476,760 3,394,921 Intangible assets 19,402 20,095 Financial assets 9,945 16,799 Deferred tax assets 24,147 26,349 Other non-current assets 18,125 18,076 Non-current assets 3,548,379 3,476,240 Inventories 171,324 160,774 Trade and other receivables and contract assets 454,250 328,137 Financial assets 31,122 26,928 Current income tax receivables 4,252 6,328 Cash and cash equivalents 549,680 676,490 Assets classified as disposal group 43,771 – Current assets 1,254,399 1,198,657 Total assets 4,802,778 4,674,897 EQUITY Share capital 141,846 141,846 Other reserves 63,638 (68,891) Hybrid capital 347,956 347,956 Retained earnings 450,360 545,668 Equity attributable to owners of the parent company 1,003,800 966,579 Total equity 1,003,800 966,579 LIABILITIES Financial liabilities 1,712,230 1,605,036 Contract liabilities 855,992 896,980 Provisions for employee benefits 42,186 51,796 Deferred tax liabilities 2,354 1,685 Other liabilities 69,697 72,781 Non-current liabilities 2,682,459 2,628,278 Trade and other payables 483,364 525,328 Financial liabilities 533,375 518,189 Contract liabilities 56,185 14,550 Current income tax payables 158 6,013 Other provisions 27,629 15,960 Liabilities associated with the disposal group 15,808 – Current liabilities 1,116,519 1,080,040 Total liabilities 3,798,978 3,708,318 Total equity and liabilities 4,802,778 4,674,897
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AT&S INTERIM REPORT THI RD QUARTER 2024/ 25 ADVANCED TECHNOLOGIES & SOLUTIONS 9 CONSOLIDATED STATEMENT OF CASH FLOWS € in thousands 1 Apr - 31 Dec 2024 1 Apr - 30 Dec 2023 Operating result (EBIT) (1,350) 63,318 Depreciation, amortisation and impairment of property, plant and equipment and intangible assets 233,052 204,486 Gains/losses from the disposal of fixed assets (9,048) 159 Changes in non-current provisions (3,611) (468) Changes in contract liabilities 22,407 135,592 Non-cash expense/(income), net (11,471) (18,407) Interest paid (67,440) (42,409) Interest received 20,545 17,933 Income taxes paid (25,240) (19,319) Cash flow from operating activities before changes in working capital 157,844 340,885 Inventories (7,863) 5,468 Trade and other receivables and contract assets (148,202) 107,339 Trade and other payables (42,247) 36,933 Other provisions 11,079 6,662 Cash flow from operating activities (29,389) 497,287 Capital expenditure for property, plant and equipment and intangible assets (328,724) (700,962) Proceeds from the sale of property, plant and equipment and intangible assets 1,195 2,183 Capital expenditure for financial assets (23,629) (34,241) Proceeds from the sale of financial assets 45,267 7,585 Cash flow from investing activities (305,891) (725,435) Proceeds from borrowings 414,449 466,787 Repayments of borrowings (228,596) (409,036) Proceeds from government grants 5,762 16,393 Dividends paid – (15,540) Cash flow from financing activities 191,615 58,604 Change in cash and cash equivalents (143,665) (169,544) Cash and cash equivalents at beginning of the year 676,490 791,738 Exchange gains/(losses) on cash and cash equivalents 18,410 (14,677) Cash and cash equivalents at end of the period 551,235 607,517
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AT&S INTERIM REPORT THI RD QUARTER 2024/ 25 ADVANCED TECHNOLOGIES & SOLUTIONS 10 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY € in thousands Share capital Other reserves Hybrid capital Retained earnings Equity attributable to owners of the parent company Non- controlling interests Total equity 31 Mar 2023 141,846 52,321 347,956 615,402 1,157,525 – 1,157,525 Profit for the period – – – 6,864 6,864 – 6,864 Other comprehensive loss for the period – (142,839) – – (142,839) – (142,839) thereof currency translation differences, net of tax – (135,050) – – (135,050) – (135,050) thereof change in hedging instruments for cash flow hedges, net of tax – (7,789) – – (7,789) – (7,789) Total comprehensive loss for the period – (142,839) – 6,864 (135,975) – (135,975) Dividends paid relating to 2022/23 – – – (15,540) (15,540) – (15,540) 31 Dec 2023 141,846 (90,518) 347,956 606,726 1,006,010 – 1,006,010 31 Mar 2024 141,846 (68,891) 347,956 545,668 966,579 – 966,579 Loss for the period – – – (95,308) (95,308) – (95,308) Other comprehensive income for the period – 132,529 – – 132,529 – 132,529 thereof currency translation differences, net of tax – 136,858 – – 136,858 – 136,858 thereof change in hedging instruments for cash flow hedges, net of tax – (4,329) – – (4,329) – (4,329) Total comprehensive income for the period – 132,529 – (95,308) 37,221 – 37,221 31 Dec 2024 141,846 63,638 347,956 450,360 1,003,800 – 1,003,800
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AT&S INTERIM REPORT THI RD QUARTER 2024/ 25 ADVANCED TECHNOLOGIES & SOLUTIONS 11 SEGMENT REPORTING The AT&S Group now breaks down its operating activities into the following three segments Electronics Solutions Microelectronics Others The Electronics Solutions and Microelectronics segments are structured based on technology. The Electronics Solutions segment encompasses the area of printed circuit boards and will also increasingly cover the modules and embedding business areas through the development of high-tech solutions. The Microelectronics segment comprises the production of IC substrates for PCs and servers. The assets classified as disposal group and associated liabilities relate to the Electronics Solutions segment. The Others segment is still characterised by Group and holding activities. BU ES (Electronics Solutions) BU ME (Microelectronics) Others Elimination/ Consolidation Group € in thousands 1 Apr - 31 Dec 2024 1 Apr - 30 Dec 2023 1 Apr - 31 Dec 2024 1 Apr - 30 Dec 2023 1 Apr - 31 Dec 2024 1 Apr - 30 Dec 2023 1 Apr - 31 Dec 2024 1 Apr - 30 Dec 2023 1 Apr - 31 Dec 2024 1 Apr - 30 Dec 2023 Segment revenue 735,341 745,323 526,750 508,844 – 2 (65,371) (49,083) 1,196,719 1,205,086 thereof internal revenue 1,431 168 63,941 48,913 – 2 (65,371) (49,083) – – thereof external revenue 733,910 745,155 462,809 459,932 – – (0) (0) 1,196,719 1,205,086 Operating result before depreciation/amortisation (EBITDA) 154,930 175,851 87,119 90,622 (10,347) 1,375 – – 231,702 267,848 Depreciation/amortisation incl. appreciation (79,141) (80,640) (147,348) (118,413) (6,563) (5,477) – – (233,052) (204,530) Operating result (EBIT) 75,790 95,211 (60,229) (27,791) (16,911) (4,102) – – (1,350) 63,318 Finance costs - net (65,090) (40,859) Profit/(Loss) before tax (66,440) 22,459 Income taxes (28,868) (15,595) Profit/(Loss) for the period (95,308) 6,864 Property, plant and equipment and intangible assets1 555,070 591,796 2,886,142 2,369,915 90,061 66,259 – – 3,531,273 3,415,016 Additions to property, plant and equipment and intangible assets 40,630 69,537 254,732 576,909 23,025 20,346 – – 318,387 666,792 Non-recurring items (1,933) – (4,358) – (3,889) – (0) – (10,180) – 1 Actual values as of 31 December 2024, previous year values as of 31 March 2024
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AT&S INTERIM REPORT THI RD QUARTER 2024/ 25 ADVANCED TECHNOLOGIES & SOLUTIONS 12 INFORMATION BY GEOGRAPHIC REGION Revenues broken down by customer region, based on customer’s headquarters: € in thousands 1 Apr - 31 Dec 2024 1 Apr - 30 Dec 2023 Austria 11,625 25,825 Germany 104,938 109,931 Other European countries 73,763 73,190 China 18,132 15,845 Other Asian countries 65,457 59,784 Americas 922,804 920,511 Revenue 1,196,719 1,205,086 Property, plant and equipment and intangible assets broken down by domicile: € in thousands 31 Dec 2024 31 Mar 2024 Austria 732,737 719,115 Malaysia 1,227,413 926,969 China 1,509,428 1,706,272 Others 61,695 62,660 Property, plant and equipment and intangible assets 3,531,273 3,415,016
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AT&S INTERIM REPORT THI RD QUARTER 2024/ 25 ADVANCED TECHNOLOGIES & SOLUTIONS 13 IMPRINT PUBLISHED BY AND RESPONSIBLE FOR CONTENT AT & S Austria Technologie & Systemtechnik Aktiengesellschaft Fabriksgasse 13 - 8700 Leoben Austria www.ats.net CONTACT Philipp Gebhardt Phone: +43 (0)3842 200 2274 ir@ats.net DISCLAIMER This report contains forward-looking statements which were made on the basis of the information available at the time of publication. These can be identified by the use of such expressions as “expects”, “plans”, “anticipates”, “intends”, “could”, “will”, “aim” and “estimation” or other similar words. These statements are based on current expectations and assumptions. Such statements are by their very nature subject to known and unknown risks and uncertainties. As a result, actual developments may vary significantly from the forward-looking statements made in this report. Recipients of this report are expressly cautioned not to place undue reliance on such statements. Neither AT&S nor any other entity accept any responsibility for the correctness and completeness of the forward-looking statements contained in this report. AT&S undertakes no obligation to update or revise any forward-looking statements, whether as a result of changed assumptions or expectations, new information or future events. Percentages and individual items presented in this report are rounded, which may result in rounding differences. Negative amounts are shown in brackets. This report in no way represents an invitation or recommend- dation to buy or sell shares in AT&S. The report is published in German and English. In case of doubt, the German version is binding. No responsibility accepted for errors or omissions. Published on February 4, 2025
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AT&S INTERIM REPORT FI RST QUA RTER 202 4/2 5 ADVANCED TECHNOLOGIES & SOLUTIONS 14