During the course of this presentation, we will comment upon future events and may make projections about our future financial performance, including statements related to strategies, our expected sales, product shipments and acceptance, gross margin, operating expense, profit, cash flow, income tax expense, and capital allocation. We will discuss our business strategy, our products, the markets our products address, our position in those markets, expected market acceptance of those products and production capacity.
We wish to caution you that these are forward looking statements that are based upon our current expectations, and that actual results could differ materially as a result of various risks and uncertainties, including, without limitation, the following: inability to develop and deliver new products as planned; inability to accurately forecast the demand for our products and services; the possibility that orders in backlog may be cancelled, delayed or rescheduled; inability to achieve gross margin and expense goals; and other risk factors discussed in documents filed by us with the Securities and Exchange Commission, including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
We undertake no obligation to update the forward-looking statements made during this presentation.
2
A SOUND INVESTMENT
Intevac has the fundamentals in place for growth
Experienced management team / board of directors
12-year-recordhigh orders, backlog, and visibility
Leading market position
Maintaining cash and strength of the balance sheet
Initial restructuring completed
Plan to return to profitability in 2023
Additional growth levers with IBC and TRIO
Strategic process continues
3
ENABLING TECHNOLOGY
THROUGH THIN-FILM
DEPOSITION
Intevac is a global supplier for hard disk drive (HDD) manufacturing and a key enabler of process advancement with over 65% market share of installed systems
We are a customer-focused industry leader with teams and products that are deeply embedded with HDD suppliers; including 20+ year relationships with these customers
We are led by an experienced management team with a vision and strategy to deliver growth
We have a culture of innovation, and our new product development is focused on expanding into an attractive new market
We have 120+ patents issued or pending
4
A SEASONED LEADERSHIP TEAM
WITH IN-DEPTH EXPERIENCE IN THE HIGH-TECH INDUSTRIES
Nigel Hunton
James Moniz
Sam Harkness
Raymond Chan
Eng Hong Pay
PRESIDENT & CEO
CFO & CORPORATE SECRETARY
VP, TECHNOLOGY
SALES DIRECTOR
GM, ASIA
& PRODUCT DEVELOPMENT
30+ years of executive experiencein
30+ years of finance experience,
25+ years experience in coatings
Experienced Global Sales and
25+ years of experience in
the semi-industry and other high-
extensive public company
with proven track record of
Account Manager with 25+
managing operations in
tech sectors with a proven track
experience with 20+ years in senior
driving technologies from
years of proven sales success
equipment manufacturing industry
record of increasing shareholder
executive roles.
laboratory to production.
driving incremental revenue
for HDD and Semi-con customers.
value and delivering results.
growth in the semiconductor
and HDD industry.
5
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Intevac Inc. published this content on 13 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2022 13:52:04 UTC.
Intevac, Inc. is a provider of thin-film process technology and manufacturing platforms for high-volume manufacturing environments. The Company operates through a single segment, which is Thin Film Equipment (TFE). The TFE segment designs, develops and markets vacuum process equipment solutions for high-volume manufacturing of small substrates with precise thin-film properties, such as for the hard disk drive (HDD) and advanced coatings (ADVC) markets, as well as other adjacent thin-film markets. In HDD Equipment Market, it designs, manufactures, markets and services complex capital equipment used to deposit thin films and lubricants onto substrates to produce magnetic disks. In ADVC Market, the Company develops equipment to deposit optically transparent thin films onto display cover panels typically found on consumer and automotive electronics products. Its products include 200 Lean Disk Sputtering System, TRIO, and upgrades, spares, consumables and services (non-systems business).