Slides
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Accelerating our Journey to Excellence Micro-Mechanics (Holdings) Ltd FY2026 results presentation 27 August 2026
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Table of Contents 03 – Corporate overview 08 – Operational update 17 – Financial highlights 27 – Outlook & summary
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Corporate overview Micro-Mechanics facility in California, USA (MMUS)
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• Next Generation Supplier focused on enabling advanced technologies • Established track record since founding in 1983 and public listing on SGX Mainboard in 2003 • Trusted by more than 600 customers globally with diversified geographical footprint across five operating facilities in USA, Singapore, Malaysia, China and Philippines • Purpose driven mission – • Perfect Parts and Tools, On Time, Every Time – based on scalable, repeatable, cost-effective and data- driven processes Corporate overview Aerial view of Micro-Mechanics facility in California, USA Micro-Mechanics’ headquarters in Singapore (MMS)
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5 Diversified customer base across semiconductor value chain Supplying next-generation process critical parts to over 600 customers globally Micro-Mechanics MACCS1 Note: 1) Materials, assemblies, components, consumables (including tools) and services High precision metal parts critical to wafer fabrication process High precision micro- machined parts and tools Wafer front-end process equipment manufacturers • Lithography • Deposition (CVD/ALD)* • Etch (Dry/Wet)* • CMP • ION implantation • Thermal, clean, wafer handling Back-end equipment for assembly and test equipment manufacturers and users Die attach Wire bonding Advanced packaging & custom tooling What we manufacture Who we serve End-use applications • Smartphone • Consumer electronics • Wired and wireless infrastructure • Server, datacentre, storage • Automotive • Industrial Business model Front-end • Equipment maker Back-end • Equipment maker • Integrated Device Manufacturer (IDM) • Outsourced Semiconductor Assembly and Test (OSAT) * Indicates highest replacement frequency Spec-in timing Capex for WFE + IC Factory utilisation Business demand drivers Installation base
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6 Segment rebranding Aligning with our competitive positioning and value-add to customers Up to FY2026 From FY2027 Consumable Tools Wafer Fabrication Equipment (WFE) Design and manufacturing of miniature consumable tools for the assembly and testing of semiconductors Precision parts for semiconductor wafer fabrication equipment Consumable Tools Design and manufacturing of consumable tools that reduce defects and improve yields in advanced semiconductor packaging, assembly and testing processes Reflects value add to customers through innovation and problem-solving Manufacturing of precision components for critical production processes in wafer fabrication equipment (WFE) and other high-tech industries Captures broader markets served and precision-manufacturing capabilities Build-to-Print Precision Components Note: There is no change to the underlying operations, management structure or reportable segments. The change relates only to the segment descriptions and naming convention.
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7 Our strategies and market positioning At the heart of the semiconductor industry California, US Suzhou, China Penang, Malaysia Singapore Batam, Indonesia Japan Taiwan Laguna, Philippines Thailand Europe Our Factories and Presence Factory & Office Distributor / Agent Build-to-Print Precision Components Consumable Tools Consumable Tools Consumable Tools Consumable Tools Increasing local support for Consumable Tools
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Operational update Micro-Mechanics’ facility in Laguna, Philippines (MMPH)
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9 Operational update Strengthening resilience and capabilities Continuing to progress Five-Star Factory initiative for sustainable success • Continuing to strengthen excellence in areas fundamental to business performance Advancing the mid-term growth strategy through disciplined capital management • Total capital expenditure of S$3.8 million in FY2026 with investments strategically balanced between capability and capacity • Expanding manufacturing footprint, strengthening local customer support and developing next-generation processing capabilities across key markets • In FY2027, growth investments to increase to at least S$12.0- 15.0 million to support the execution of the mid-term growth strategy Developing new processes and methods for next- generation products, quality and precision Scaling existing capabilities CapacityCapability Scale up Ramp output Scale out Localised capabilities Establish Standardise process Pilot Prove concept • Invest in next-generation equipment and processes • Support higher-precision and more process-critical applications • Expand operations in China and Malaysia where customers and the industry continue to grow
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10 Five-Star Factory strengthens our core foundation Key fundamentals to drive excellence, navigate headwinds and capture growth Innovation Excellence Engineering breakthroughs in next- generation products, materials, and processes High Performance Teams Investing in our people to drive innovation and teamwork Workplace Efficiency and Safety Streamlining processes, increasing productivity and prioritising safety Customer Engagement and Support Decentralised structure to respond effectively to customers Operational Excellence Developing best-in- class practices for flawless quality, repeatability and scalability Finance and IT Excellence Business excellence through financial diligence, governance and transparency
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11 Customer Engagement and Support Decentralising structure to respond effectively to customers Objectives • The Group will strengthen its local presence across key semiconductor markets to provide faster, more effective customer support. o This includes expanding operations in China and Malaysia where customers and the industry continue to grow, and expanding physical presence in Taiwan to provide stronger local support. Milestones Provide customers with fast, effective and local support Our Factories and Presence Factory & Office Distributor / Agent California, US Suzhou, China Penang, Malaysia Singapore Batam, Indonesia JapanTaiwan Laguna, Philippines Thailand
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12 High Performance Teams Investing in our people to drive innovation and teamwork Objectives • At the Annual General Meeting in October 2025, shareholders approved the adoption of a Performance Share Plan, designed to reward high performing employees with shares and reinforce the Company’s ownership culture. o The Group completed share buyback of 188.7k shares for S$587k for 4QFY2026 and in total 215k shares for S$637k for FY2026 to reward key employees. Milestones Attract, develop and retain talent to ensure business success
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13 Improve the way workplaces are organised, become more productive, and remain clean, safe and environmentally responsible Workplace Efficiency and Safety Streamlining processes, increasing productivity and prioritising safety Objectives • Based on a comprehensive internal audit, all factories achieved a 5-star rating in the Group’s Five-Star 8S programme for 4QFY2026. Milestones
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14 Creating long-term business excellence through strong financial discipline, transparency, and effective governance Finance and IT Excellence Business excellence through financial discipline, governance and transparency Objectives • During FY2026, the Group continued its cybersecurity initiative which includes cloud migration and enhanced security protocols to proactively align with evolving customer and regulatory expectations. Milestones
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15 Operational Excellence Developing best-in-class practices for flawless quality, repeatability and scalability Achieve fast, flawless and cost-effective manufacturing from robust processes, data-based decision making and a focus on operational excellence Objectives • During 4QFY2026, the Group continued efforts to improve planning, streamline manufacturing and minimise inventory. o As at 30 June 2026, inventory totalled S$4.9 million (30 June 2025: S$3.1 million) representing 6.5% of sales (30 June 2025: 4.8%). o Inventory written off for 4QFY2026 totalled S$20k, compared to S$27k for 4QFY2025. Milestones
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16 Innovation Excellence Engineering breakthroughs in next-generation products, materials, and processes Promote fresh thinking, ingenuity and the adoption of new technologies to drive product and process improvements Objectives • The Group’s R&D team continues to develop new elastomers for advanced packaging applications. • For WFE, the Group completed a year-long project to evaluate and purchase a new machine designed to improve machining quality and efficiency. o First installation scheduled at its US plant in 1QFY2027. • The Group will continue implementing its physics-based programming technology that can improve material removal rates by 10-30% on long-cycle build-to-print and WFE parts. Milestones
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Financial highlights Micro-Mechanics’ facility in Penang, Malaysia (MMP)
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18 S$75.5m S$27.6m 36.6% Net cash from operations S$18.9m Group revenue EBITDA & EBITDA margin ROE & net profit 27.7% S$15.9m FY2026 highlights Continued positive sales momentum Cash and bank balances S$30.1m Net cash with no borrowings CAPEX (consolidated) S$3.8m S$1.2m FY2025 CAPEX +15.8% yoy S$18.3m FY2025 +28.3% yoy+21.5% yoy +1.7 ppt yoy S$23.3m 30 Jun 2025
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19 Revenue growth led by sustained customer demand Consumable tools segment continues to drive growth Revenue by business segments (S$m) • Revenue increase of 29.2% yoy to S$21.6 million was led by growth in consumable tools segment • WFE sales grew 15.4% yoy to S$4.2 million, supported by higher bookings and continued recovery from material delays and shortages during 1QFY2026 4QFY2026 S$21.6m +29.2% yoy (4QFY2025:S$16.7m) +16.4% qoq (3QFY2026: S$18.6m) 50.4 60.4 14.8 15.1 FY2025 FY2026 Consumable tools WFE +15.8% yoy 13.1 17.4 3.7 4.2 4QFY2025 4QFY2026 Consumable tools WFE +29.2% yoy • Revenue increase of 15.8% yoy to S$75.5 million was led by growth in consumable tools segment • WFE segment sales increased 2.3% yoy to S$15.1 million FY2026 S$75.5m +15.8% yoy (FY2025:S$65.2m) Note: Due to rounding, some totals in numbers (in this and the following slides) may not correspond with the sum/subtraction of sep arate figures.
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20 China 31.28% USA 22.36% Malaysia 18.61% Singapore 8.78% The Philippines 4.90% Taiwan 6.06% Rest of world 8.01% China 34.20% USA 21.23% Malaysia 18.49% Singapore 7.93% The Philippines 5.49% Taiwan 5.47% Rest of world 7.19% FY2025 Geographical diversification of revenue Group’s decentralised structure supports resilience across markets Revenue from top four markets FY2025 (S$m) FY2026 (S$m) yoy change (%) China 20.4 25.8 26.6 USA 14.6 16.0 10.0 Malaysia 12.1 14.0 15.1 Singapore 5.7 6.0 4.6 FY2026
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21 Continued uplift in gross profit and EBITDA Supported by stronger customer engagements and enhanced manufacturing processes 32,219 327 -3,009 -9,532 -3,438 16,567 6,166 22,733 FY2026 (S$,‘000)FY2025 (S$,‘000) 38,935 371 -3,462 -10,208 -3,852 21,785 5,835 27,620 • 15.1% yoy increase in distribution costs, attributable to higher sales incentives programme payouts and more engagement with customers • 7.1% yoy increase in administrative expenses, primarily due to increased bonus payments associated with improved performance, software subscriptions and increased spending to strengthen IT systems and cybersecurity – includes a one-off off reversal of prior years’ bonus accruals of approximately S$0.4 million • 12.0% yoy increase in other operating expense, mainly due to higher headcount, and additional purchases of engineering fixtures and overseas customers visits
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22 Steady expansion of GP and EBITDA margins Continued focus on cost efficiencies and operational excellence 8.2 7.7 8.1 8.2 32.2 8.6 9.5 9.6 11.2 38.9 1QFY2025 2QFY2025 3QFY2025 4QFY2025 FY2025 1QFY2026 2QFY2026 3QFY2026 4QFY2026 FY2026 50.7% 47.5% 49.4% 51.1% 52.0% 5.8 5.4 5.7 5.8 22.7 5.9 6.6 6.7 8.4 27.6 1QFY2025 2QFY2025 3QFY2025 4QFY2025 FY2025 1QFY2026 2QFY2026 3QFY2026 4QFY2026 FY2026 35.7% 33.0% 35.5% 35.6% 38.8% 36.6%51.6% +37% +21% +44% +21% GP & GP margin (S$m) EBITDA & EBITDA margin (S$m) Margin Margin 50.5% 51.6% 34.9% 35.9%51.5%49.0% 35.8% 34.9%
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23 Sustained positive operating cash flow generation Testament to robust and healthy working capital cycles Operating cash flow (S$m) 4.5 6.1 3.6 4.1 4.5 6.3 6.2 3.4 5.5 4.9 7.1 1.6 3.2 3.9 3.3 7.3 3.8 4.4 4.8 6.2 FY2022 FY2023 FY2024 FY2025 FY2026 1Q 2Q 3Q 4Q
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24 Resilient financial position Strong balance sheet to support investing for growth As at 30 Jun 2025 As at 30 Jun 2026 Cash Cash and bank balances S$23.3M S$30.1M Gearing Total borrowings NIL NIL Trade receivables Trade Receivables (Outstanding > 90days) / (Total trade receivables) Bad debt expenses S$12.5M S$2K NIL S$16.2M S$5K S$3K Inventory Inventory Inventory / Sales Inventory write-off S$3.1M 4.8% S$166K S$4.9M 6.5% S$73K Net asset value NAV per ordinary share (cents) 35.40 41.38 Equity Shareholders’ equity S$49.2M S$57.4M
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25 Notes: 1) Bloomberg; for the period 24 June 2003 (IPO) until 3 0 June 2026; which represents the additional number of shares purchased in the period for each share at the beginning of the pe riod, assuming dividends are reinvested through buying more of the security. STI returned 609% while FTSE ST All Share Index returned 531% during the same period. 2) Dividend payout ratio for FY2026 3.0 cents FY2026 final dividend Dividend payout ratio2 52.4% Cumulative dividend per share 140.9 cents since listing Commitment to long-term total shareholder returns (TSR) Listing to date TSR of >5,600%1 reflects Group’s sustainable and long-term growth trajectory
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26 Cumulative dividends represent >700% shareholder returns Total dividend payout of 140.9 cents per share since listing Total dividend per share (cents) 0.80 1.00 1.50 2.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 2.00 3.00 4.00 4.00 5.00 6.00 6.00 6.00 3.00 3.00 3.00 0.80 1.20 1.60 2.50 2.50 3.00 1.00 2.00 2.00 2.00 2.00 2.00 2.00 3.00 4.00 5.00 5.00 5.00 6.00 6.00 3.00 3.00 3.00 3.001.00 2.00 1.00 1.00 1.00 1.00 2.00 2.00 2.00 0 2 4 6 8 10 12 14 16 FY2003 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 Special Final Interim
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Outlook & summary Micro-Mechanics’ facility in Suzhou, China (MMSU)
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28 2025 sales growth primarily driven by continued investment in data centre infrastructure and AI-related computing platforms. Logic and Memory provided the largest contribution to industry growth Supported by overwhelming demand for the Memory segment, which is forecasted to grow 302% yoy. Logic is expected to remain another major contributor growing 42% yoy Encouraging sector performance and outlook Industry continuing to show strong sales momentum 216 232 298 272 281 339 449 208 258 303 247 291 347 702 0 200 400 600 800 1,000 1,200 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 Worldwide semiconductor revenue in US$ (billion)1 1H (July - Dec) 2H (Jan - Jun) Sales for end-20252 US$796b Source: 36 Years WSTS Blue Book Historical Billings Report (June 2026) Source: WSTS Sales forecast for 20262 US$1.7t Source: WSTS 2025 +108.1% Notes: 1) Presented with Micro-Mechanics’ calendar cycle (July – Jun); 2) WSTS’ calendar cycle (Jan – Dec)
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29 Our five-year roadmap Capturing current demand while strengthening for the future Investing for the next phase of growth Sustainable long-term value creation Strengthening customer support with expanded operations and localised capabilities • Expanding operations in China and Malaysia where customers and the industry continue to grow • Expanding physical presence in Taiwan to provide stronger local support Next generation processing • Investing in next-generation equipment and processes FY2031 Revenue target Supported by ≥ S$150m d FY2026: $75.5m > 50%GP margin < 20% of revenue Overhead costs Smart and secure manufacturing • Driving data-driven decision making to improve operational effectiveness and support long-term innovation • Developing ISO 27001-aligned cybersecurity capabilities to strengthen position as a trusted supplier of choice Expected capital expenditure of S$12m for FY2027 FY2026: S$3.8m
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Investment highlights Positioned for high-quality earnings and sustainable growth 30 Favourable industry outlook • Continued positive momentum from semiconductor industry’s recovery Diversified customer base • Serving more than 600 clients across front-end and back-end segments worldwide • Positive momentum from industry’s recovery Geopolitical resilience • Decentralised structure and Singapore listing offer a buffer against geopolitical risks • Insulated from tariff effects as MMH mostly serves domestic market Positive momentum and earnings accretion from High quality earnings and cash flow • Gross profit margin expansion and high ROE (>25%) • Consistent generation of positive and free cash flow • Serving more than 600 clients across front-end and back- end segments worldwide Committed to strong total shareholder returns • Strong track record across market cycles delivering shareholder returns with TSR of >5,600% since listing Disciplined mid- term growth strategy • Five-year strategy to scale revenue to at least S$150m • Supported by increased investment in capacity and capabilities
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Safe harbour for forward-looking statements This presentation contains certain statements that are not statements of historical fact, i.e. forward-looking statements. Investors can identify some of these statements by forward-looking items such as ‘expect’, ‘believe’, ‘plan’, ‘intend’, ‘estimate’, ‘anticipate’, ‘may’, ‘will’, ‘would’, and ‘could’ or similar words. However, you should note that these words are not the exclusive means of identifying forward-looking statements. These forward-looking statements are based on current expectations, projections and assumptions about future events. Although Micro-Mechanics (Holdings) Ltd. believes that these expectations, projections, and assumptions are reasonable, these forward-looking statements are subject to the risks (whether known or unknown), uncertainties and assumptions about Micro-Mechanics (Holdings) Ltd. and its business operations. Some of the key factors that could cause such differences are, among others, the following: • changes in the political, social and economic conditions and regulatory environment in the jurisdictions where we conduct business or expect to conduct business; • the risk that we may be unable to realise our anticipated growth strategies and expected internal growth; • changes in and new developments in technologies and trends; • changes in currency exchange rates; • changes in customer preferences and needs; • changes in competitive conditions in the semiconductor industry and our ability to compete under these conditions; • changes in pricing for our products; and • changes in our future capital needs and the availability of financing and capital to fund these needs. Given these risks, uncertainties and assumptions, the forward-looking events referred to in this presentation may not occur and actual results may differ materially from those expressly or impliedly anticipated in these forward-looking statements. Investors are advised not to place undue reliance on these forward-looking statements. Investors should assume that the information in this presentation is accurate only as of the date it is issued. Micro-Mechanics (Holdings) Ltd.’s business, financial conditions, results of operations and prospects may have changed since that day. Micro- Mechanics (Holdings) Ltd. has no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. 31
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Thank you For more information, please contact investor relations at micro-mechanics@teneo.com