Investor Day 2021

September 23, 2021Change

Technoloy
Extending market access, supporting
profitability enhancements

1 1
 Safe Harbor

In addition to historical statements, this presentation contains statements relating to future

events and our future results based on management’s expectations as of September 23,
2021. These statements are “forward-looking” statements within the meaning of the Private
Securities Litigation Reform Act of 1995.

While these forward-looking statements represent our judgments and future expectations
concerning our business, a number of risks, uncertainties and other important factors could
cause actual developments and results to differ materially from our expectations. These
factors include, but are not limited to the factors listed or discussed in our 2020 Annual
Report on Form 10-K and our other filings with the Securities and Exchange Commission.
Kulicke and Soffa Industries, Inc. is under no obligation to (and expressly disclaims any
obligation to) update or alter its forward-looking statements whether as a result of new
information, future events or otherwise.

2
 Kulicke & Soffa (NASDAQ:KLIC)

At a Glance
Key Stats Revenue Composition

Founded 1951
F2021 Revenue Outlook $1.5B
F2018 Revenue
Revenue Growth 3yr CAGR 19.0% $889M
Operating Profit 3yr CAGR 33.9%
Employees 3,000 F2021 Revenue
Guidance $1.5B
Global Customers >1,900
Global Manufacturing Sites 5
Global R&D Sites 9
Global Sales Offices 18
General Semi LED Memory Auto/Industrial APS

3
 Meet Our Management Team

Fusen Chen Chan Pin Chong Lester Wong Meng Kwong Han Bob Chylak
President & CEO EVP & GM Capital Equip SVP & CFO VP & GM Aftermarket VP & CTO
Products & Solutions Products & Services

Nelson Wong Tong Liang Cheam Lisa Lim Shai Soloveizik Steve Drake
SVP, Global Sales VP, Corporate Strategy VP, Global Human VP, Global Operations & VP, Legal Affairs &
Resources Supply Chain General Counsel
4
 Corporate Overview & Strategy
Fusen Chen – President & CEO

Analyst Day 2021

Financial Expectations
Lester Wong – SVP & Chief Financial Officer

Today’s Agenda Aftermarket Products & Services

MK Han – VP & GM Aftermarket Products & Services

Goals of Today’s Discussion LED & Advanced Display

Review organizational change & competencies Bob Chylak – VP & Chief Technology Officer
Clarify incremental opportunities by end market
Quantify financial expectations Automotive & Industrials
Chan Pin Chong – EVP & GM Capital Equipment

General Semiconductor & Memory

Chan Pin Chong – EVP & GM Capital Equipment

Q&A

5
 Overview

Progress & Strategy

Fusen Chen
President & CEO
Over 30yr Industry Experience
Applied Materials
Lam Research
Mattson Technology
Lead K&S Since October 2016

6
 Pervasive Solutions
K&S solutions are increasingly essential to the Semiconductor
Industry
KEY MESSAGES

A New Level of Rooted Competencies

Institutional knowledge, proven innovation, commercialization
Performance
Technology Transitions
Tactical and strategic execution combined with Increases value-add, extends market access, supports
evolving market trends enhance our business and profitability enhancements
provide a new set of opportunities

Leadership
Experienced, empowered and accountable team with track
record for market expansion and execution

Sustainable Profitability
New level of sustainable revenue supports higher level of
profitability

7
 Focused on a Sustainable Future

“Sustainability begins in our culture — it is also crucial

to ensure that our suppliers and contractors uphold the
same standards as us.”

Making the Environment Championing Employees Implementing Best

a Priority as our Greatest Asset Business Practices

Developing solutions with environmental Advocating for progressive employment Building internal sustainability
integrity practices competencies
Aligning CR policies with United Nations Recently expanded Diversity & Inclusion Established a code for organizational
Sustainable Development Goals initiative integrity
Optimizing resource usage Sustaining a culture that empowers and Managing risk, building continuity
Minimizing waste discharge supports and integrated management systems
Positively impacting communities

8
 Demonstrated Success

Our Value-Creation Cycle

Adjacent Opportunities Operational Excellence
Broadening Market Presence Empowered, Accountable
Organization
Changing Market Dynamics
KPIs Aligned with Market
Competencies Extend to New
Markets Flexible Manufacturing

Innovation & Development Market Leadership

Proven Internal Process Large Installed Base
Rapid Development & Established Relationships
Commercialization
>50% Share in Most Markets
Proven Organic Growth

Financial Strength Breadth of Solutions

Operational Leverage Major IC, LED & Automotive
Opportunistic & Consistent Sales & Support Trends
Shareholder Returns >1,900 Customers Broad Market Exposure
New Investments 75% of Sales Through Internal Sales Channels Integrated Equipment & Tools

Value Added Service Opportunities

9
 Five Layers of Growth

Multiple Themes Support Sustainable Growth

Advanced Display
First Mover Advantage
Assembly Complexity Strong Product Pipeline
New Value Proposition Engaged Customers
Fundamental Technology Shift
Product Alignment
APS Opportunity
Organizational Alignment
Increasing Install Base
Adjacent Opportunities Broadening Portfolio

New Markets Expand

Opportunities
Leverages Core Competencies Industry Acceleration
Concept to Commercialization Data Era / 5G
Connected Devices
Auto Evolution

10
 Organizational Evolution

Strategic Alignment Fiscal 2017

Enhanced
1 2 3 4 Profitability & New
Market Access

APS Segmentation R&D Core Market New Market

Reorganization Expansion Access
Recurring Revenue
LED Lighting
Accountability & Advanced Display
Empowerment Heavy Wire
Battery Assembly
Assembly Complexity
Electronic Assembly

11
 Expanding Opportunities

Through Organic Development & Prudent Acquisitions

Core
Assembly Complexity 7%
Advanced Display

15%
21%

3%
$3.5B
$2.0B 2021 SAM
2018 SAM
$1.0B 71%
2014 SAM

85%
98%

Organizational Prudent R&D Growth

Alignment + Acquisitions + Investment = Execution

12 Source: Company Estimates

 New Served Market Target

Opportunity Set is Increasing

High-Volume Semi
Assembly Complexity
9%
Advanced Display 15%
Adjacencies

7%
25%

21%
$5.5B
2024 SAM

$3.5B
2021 SAM

71% 50%

Share Gains & High-Growth Market Involvement

Support New-Levels of Performance
13 Source: Company Estimates
 Near-Term & Long-Term Trends

Stabilize Revenue & Support New Performance Level

Technology Transitions Industry Expansion New Performance Level

Assembly Complexity Global 5G Rollout Market Execution

Increased Capital Intensity in High- Smartphones & Infrastructure Growing Adoption of New Solutions

+ =
Volume & Leading-Edge Mkts
New Devices Higher Profitability
Automotive Transitions Increased Semiconductor Content Operating Margin &
Electrification & Autonomous Across Consumer Electronics Cash Generation

Advanced Display Data Era $1.5 Billion Targets

Average Annual Revenue F22 & F23
Mini & Micro LED Leadership Big Data, Artificial Intelligence,
Anticipated Baseline Revenue F24
Increased Network Bandwidth

Targets assume semiconductor unit growth remains above average through F2023
14 The baseline revenue target references historic trends & underlying market dynamics which management believes represent a fundamental level of demand
 Overview

Financial Framework & Expectations

Lester Wong
SVP & Chief Financial Officer

Joined K&S in 2011

Leads IT, Finance & Facilities organizations
Critically involved in M&A, capital allocation

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 KEY MESSAGES

Accelerating Baseline
A New Level of
Performance
Track-Record In Achieving Past Targets
Tactical and strategic execution combined with
evolving market trends enhance our business and
provide a new set of opportunities

Multiple Paths For Enhancing Returns

Structural Improvements Enhance

Earnings Consistency

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 Clear Path To Accelerate Baseline

Diverse Set of Opportunities

Baseline growth from $900M to $1.5B, by F2024 Twelve Specific Opportunities
Across Five Served Markets
Opportunities supported by strategic execution
Market growth Value-Added Services
Industry Expansion
Share Gains
Technology transitions APS
Share gains Automotive Transitions LED Advanced Display
Traditional Lighting
Battery Assembly Automotive
Track record in guidance Industrial Expansion
& Industrial

Surpassed 2018 Analyst Day targets

Memory
Upside potential in high-growth areas Industry Expansion

Baseline Revenue General

Industry Expansion
Assembly Complexity
Semiconductor EA Opportunity
Management’s view of normalized revenue under a
linear industry growth environment

17
 Outperformance to Aspirational Goal

Prior Investor Day Target Fiscal 2018

F2021 Revenue Target F2021 Non-GAAP EPS Target

$1,500 $6.00
$1,500 $6.00
$ M USD

$1,375 $5.25

$1,250
$1,200 $4.50 $4.30

$1,125 $3.75

$1,000 $3.00
Previous Current Previous Current

18 Non-GAAP items assumed include, amortization, stock-based compensation, restructuring & income tax effects of non-GAAP items
 Baseline Revenue Has Expanded

Sustainable & Structured Growth

$1,500
$1.5B
$ M USD

Above Baseline
Unit Growth

$1,000
$900M

$675M

$500
Baseline F18 Industry Assembly Advanced Baseline F21 Guidance F21 F21 Incremental
Expansion Complexity Display Demand

19
 Above Average Semi Growth Expected to Continue

Baseline Revenue Accelerating

18.6% CAGR
F2021-F2024
$1,500 30%
$ M USD

8.5% CAGR
$1,000 F2017-F2021 20%

$500 10%

$0 0%
F2017 F2018 F2019 F2020 F2021 F2022 F2023 F2024

($500) -10%
Revenue- Actual & Projected Unit Driven Baseline Revenue Above/Below Normal Semi Package Growth

20
 Baseline Revenue Acceleration

Structured for Growth

$1.5B
$ M USD

$1,500

$1,000
$900M

$500
Baseline General Aftermarket LED & Advanced Automotive & Baseline
F2021 Semiconductor & Products & Services Display Industrial F2024
Memory
21
 Baseline Financial Framework

A New Level of Sustainable Earnings

F2018 F2021 F2024

Baseline Baseline Baseline*

Revenue $675M 10.1% CAGR $900M 18.6% CAGR $1,500M

Gross Margin 46.0% 45.7% 51.0%

Operating Margin 14.2% 18.3% 30.2%

Non-GAAP

EPS $1.22 21.1% CAGR $2.17 41.0% CAGR $6.09

Non-GAAP

22 *Assumes organic growth only; 63.5M shares outstanding; tax rate 18%, semi unit growth 6.5% or above
 Capital Allocation

Multiple Paths to Extend & Deliver Value

PRINCIPLES PERFORMANCE - Q1F18 to Q3F21

1 Invest in attractive opportunities aligned

with competencies & market presence >$460M >$25M
R&D M&A

2 Maintain balance sheet strength &

flexibility

>$250M >$95M
3 Utilize both consistent & opportunistic
shareholder returns paths Share Repurchases Dividends

23
 Overview

Aftermarket Products & Services

MK Han
VP & General Manager
Products & Services
Joined K&S 2017
Over 20 years experience with large peers
Leads K&S APS Segment

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 Aftermarket Products & Services

Accelerating Revenue Growth

+$60M
Incremental APS Baseline Opportunities
KEY MESSAGES

Close Customer Engagements

Provides industry feedback for future development

Industry Value-Added
Expansion Services Tactical Execution
2017 APS Segmentation expanded market presence

New Value-Add Opportunities

New challenges require new solutions

Share Gains

25
 Aftermarket Products & Services

Comprehensive Service & Support Solutions

Helping Customers Win APS Revenue Composition

$193M TTM Revenue

Specialized equipment & application

1 knowledge enhances customer engagements
Capillaries Spare Parts
Wedges Contracts
Unique consumable offerings provides Dicing Blades Repairs/Refurb
2 EA Consumables Upgrades
comprehensive aftermarket solutions Adv LED Consumables KNEXT
Used Equipment

3 Global presence shortens Consumables

Spares &
response time Service

4 Market feedback flows back into new product

development

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 Aftermarket Products & Services

Consumables Enhance Process Value

Consumables Outlook Advanced R&D & HV Manufacturing Competencies

Accelerating demand from strong factory Longstanding advanced materials R&D
utilization Continued productivity & factory automation enhancements
Industry expansion grows installed base Centralized consumables manufacturing hub
New markets increase SAM
Multi-year growth anticipated

Why We Win
Designed & optimized for K&S equipment
Comprehensive consumables product portfolio
Best-in-class cost-of-ownership & quality
Application expertise support

27
 Aftermarket Products & Services

Market Demand for Value Added Solutions

Upgrades
Enhance long-term cost of ownership

Repair/Refurbish Training
Full engagement through Drives production level efficiency
equipment lifecycle

Field Support K&S Cares

250 Field Engineers Customized solutions strengthen customer
supporting 15 countries engagements

Spares KNEXT / OLP

Expanding equipment portfolio Cloud-based Industry 4.0 ready
provides new opportunities solution

28
9

Aftermarket Products & Services

New Industry Challenges Increase Demand

High
Value-add
Low

Spares Field Repair/ Upgrades Training K&S Cares KNEXT/

Support Refurbish OLP

Existing Spares & Service Portfolio New

29
 Aftermarket Products & Services

Industry 4.0 Ready

Industry 4.0 enabled

by combining M-E-C
solution

K&S Smart Equipment Features

APC: Visualization: Traceability: Predictive Maintenance: Big Data:

Real-time analysis of Provide views to key Storage & upload of Data-based Analyze historical data
process to identify / data for user analysis data for defects review maintenance enables sets for correction &
classify yield issues & segmentation maximum up-time control measures

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 Overview

LED & Advanced Display

Bob Chylak
VP & Chief Technology Officer
Decades of Semiconductor assembly leadership
Led global process engineering teams & supported
copper transition, advanced packaging, automotive
& advanced display initiatives

31
 LED – Traditional & Advanced Display

Fundamental Technology Shift

+$150M KEY MESSAGES

Incremental LED Baseline Opportunities

Significant Growth Opportunity
Dramatic potential in both micro & mini

Traditional
Leadership Position
Expanded & diversified core competencies through
partnerships, M&A & organic investments

Key Customer Engagements

Close customers engagements better enable industry adoption
Advanced
Display

Aggressive Roadmaps
Several products in development pipeline comprehensively
support multiple opportunities

32
 LED – Traditional & Advanced Display

Mini & Micro-LED to be Complimentary & Coexist

Intimately involved with both mini & micro LED trends and supply chain
Committed to enabling industry transition
Mini LED transfer technology extendable to micro LED

Mini-LED Micro-LED

• Serves high-volume display market • R&D intensifying to solve near-term industry

• Improved power efficiency, brightness & contrast challenges to drive adoption
• Logical evolution in LCD technology • Commercial displays, mobile & wearables to
drive demand
• 2010 CCFL to LED commercial transition
• Full transition a few years later
• Competes with other self-emissive technology
brightness of 5,000 nits without burn-in
• LCD industry driving adoption
• Micro-LED applications expected to ramp in
• Applications ramping now
2024

33
 LED – Traditional & Advanced Display

A Significant New Opportunity

K&S is enabling advanced display transition at the industry-level

1 Current leading solution & largest market share for ultra-fast final placement
today

2 Recent Uniqarta acquisition expands market presence & adds laser

competencies

3 Broadening portfolio of next-generation mini & micro LED market-ready

solutions

4 Mini & micro LED wafer production expected to grow at a 55% CAGR,
C2021 – C2025

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 LED – Traditional & Advanced Display

Leading the Mini-LED Transition

Proven ability to rapidly intercept technology transitions

Concept to commercialization within 2 years

1 2 3 4 5

September 2017 August 2019 December 2020 February 2021 September 2021
Identified new advanced Recognized revenue for 100th Pixalux delivered K&S acquires Shipped first system
display market opportunity

K&S is well positioned to enable widespread adoption of Advanced Display

35
 LED – Traditional & Advanced Display

Leading Current & Next-Generation

Placement Technologies
Next-Generation µLED

Mechanical Transfer Patented Laser Transfer Multi-Die Laser Transfer

High-volume production since 2019 First tool shipped Sep 2021 Volume production expected by 2023

36
 LED – Traditional & Advanced Display

LUMINEXTM Expands Our Potential

Serves Multiple-High Capacity Needs for

Current & Future Self-Emissive Display Technologies
LED Maker SMT Display Mfgr
Dicing, Die Sorting & Re-pitching/ Final Display
Epitaxy
Stretching Mixing PAM Placement Assembly

Temporal Final
Substrate Substrate
R,G,B R,G,B

37
 LED – Traditional & Advanced Display

LUMINEXTM Expands Our Potential

Annual Mini & Micro Demand
4” Wafer Equivalents K pcs

Expanded Presence in High-Growth Market

• Engagements with multiple customers

• Solutions for high-volume backlighting & self-emissive

displays

• Access to new process steps extends PIXALUXTM

increases SAM by 66% by 2024

• Mini & micro LED wafer growth, 55% CAGR 2021 -

2025

38 Source: TrendForce, Sep 2021

 LED – Traditional & Advanced Display

Full Suite of Mini & Micro-LED Solutions

Future-Generation LUMINEX

Application Backlighting Backlighting & Self Emissive Self Emissive

End-Market Emerging Premium Displays Mass Display Market Future µLED Displays

Customer Engagement Limited Many Several

K&S IP Partial Full Full

Accuracy <20 µm <10 µm <1 µm

Throughput 50-75Hz 100-1,000Hz >10 KHz

39
 Overview

Automotive & Industrials

Chan Pin Chong

EVP & General Manager
Products & Solutions
Joined K&S in 2014
Drove business execution within Advanced
Packaging, Automotive & Advanced Display

40
 Automotive & Industrial

Fundamental Change Provides Opportunities

+$90M
Incremental Auto & Industrial
KEY MESSAGES

Baseline Opportunities
Incumbent Position
Above average Auto market exposure

Industrial
Growth
Above Average Growth
Semiconductor content to expand dramatically

Auto Growth
Customer Engagement
Close ongoing & new customer engagements
Battery

Ongoing Development
Expanding served market

41
 Automotive Market

Long History of Involvement & Expansion

Expanded SAM organically & inorganically
2006: Entered Power IC market 2017: Released Rapid Pro
2015: Entered EA market 2021: Expanding Battery Solutions
2016: Entered Battery Assembly market 2021: Anticipate >$120M of F2021
Auto/Industrial revenue
Competencies have changed industries
Developed ribbon bonding globally used in
Industrial power control & distribution
Hybrid & electric vehicle production
Enabled high-volume, high-reliability Electric Vehicle battery
assembly

Closely customer engagement

>150 dedicated Automotive & Industrials customers Power-
Discrete Solutions
Power-Hybrid solutions
Alternative Energy solutions

42
 Automotive Market

Electric Vehicle Transition Has Accelerated

“Incentives
for zero-
Electrification Level

emission Higher CO2

vehicles in reduction Full-electric Full-electric
China” targets

Regional bans on Covid-19

≈ ≈
diesel-powered Battery cost
vehicles reduction

“Tesla effect” “Diesel-gate” Current As planned

expectation in the past

Time

43 Source: Yole Développement, Company Estimates

 Electrification & Autonomous

Semi Content / Vehicle to Grow

2X (EV) - 8X (Autonomous)
• Sensors – Pressure sensors,
air-bag sensors, parking
sensors

INVERTER
DC/AC Battery
HV
Management
Battery
LV-HV
DC/DC
• Tricore (32-bit MCU) Recharger
• IGBTs AC/DC
• Diodes (Si, SiC)
• HybridPACKTM
• Gate Driver (EICE Driver)

• Tricore (32-bit MCU,

Master Control) • Tricore (32-bit MCU, Master Control) • XC2000 (16-bit MCU)
• MOSFETs • MOSFETs • Gate Driver (EICE Driver)
• Battery management IC • Battery management IC (slave) • CoolMOSTM (CFDA)
(slave) • Diodes (Si, SiC)
• Easy Module TM

44
 Electrification & Autonomous

Beyond the Vehicle

Automotive & Industrial infrastructure provides additional Growth Paths Demands more
New infrastructure requires new solutions
complex & feature rich
equipment
Silicon carbide is enabling high-speed charging rates up to 350KW or 1,000V
Semi content per-charger growing
Transitions from on board to external DC charging stations
Transitions to “IPM” Intelligent Power Modules – additional logic
to enhance efficiency (System-in-Package)

Semiconductor
content value
Multiple technology trends are growing semiconductor content per charger

45
 Electrification & Autonomous

Expanding Battery Exposure

Established position supporting Cylindrical battery New Laser-based Cylindrical battery system
market • Recently qualified with major battery manufacturer
• >500 battery assembly systems in cylindrical production in north Asia
• Cylindrical to grow at 30% CAGR through F2025 • Exposure to large packs utilized in commercial trucking
production
• Cylindrical to represent <20% of EV battery market by F2025

New Prismatic battery solution

• New offering for high-potential market
• To represent 10% of fiscal 2022 Auto/Industrial revenue
• Growing opportunity in Eastern Europe

46
 Customer Highlight

Assembly Complexity

Mostafa Aghazadeh
Intel
Corporate VP & Director of
Die Prep & Assembly Technology Development
Over 37 years of experience
Leading transition of assembly complexity

47
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50 50
51 51
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56 56
57 57
 Overview

General Semiconductor & Memory

Chan Pin Chong

EVP & General Manager
Products & Solutions
Joined K&S in 2014
Drove Advanced Packaging, Automotive,
Advanced Display Initiatives

58
 General Semiconductor & Memory

Fundamental Evolution to Core Semi Market

+$300M KEY MESSAGES

Incremental General Semi. & Memory Baseline Opportunities New Value Across Assembly Markets
Increased capital intensity of Assembly is mitigating well-known
node-shrink challenges
Memory

Electronics
Assembly
Multi-Year Industry Expansion
Expanded & diversified core competencies through organic &
inorganic execution
Advanced
Assembly
Winning New Business
Complexity is enabling share gains in leading-edge Logic
Industry assembly, targeted share gains in Wire bond & EA markets
Expansion

Intimate Customer Engagements

Strong track-record in solving customer & industry challenges

59
 General Semi & Memory
Advanced EA Opportunity

Refocus on Core-Competency

Deep, Electronics Assembly (EA) innovation with EA Market

2015 Assembleon Acquisition A Sizeable Opportunity
PE owned asset acquired for 1.1X revenue in fiscal 2015
Integration successfully leveraged competencies to
Enhance Advanced Packaging offerings
Enter mini and micro LED market $3.5B
Total EA
Development team, competencies and offerings Capital Equipment TAM
expanded since acquisition

Now refocusing efforts to compete aggressively

in the EA market leveraging competencies in
High-speed motion control $800M
Placement accuracy Advanced EA
Capital Equipment SAM
Throughput efficiency
Cost of Ownership

60
 General Semi & Memory
High-Volume Semiconductor

Tech Change + New Market Drivers Enhance Outlook

K&S leads High-Volume Semiconductor Assembly

>1 Trillion semiconductor packages to be assembled
in C2021
6.5% trailing 10yr CAGR
Above average growth anticipated through F2023
8 of 10 semiconductor packages utilize wire bonding
Increased complexity extends leadership

Why we lead
R&D commitment
Customer engagements Multi-Year Industry Expansion
Comprehensive tooling solutions
Incumbent position
Productivity
• Highly-utilized installed base
Portability • Above average wafer starts
Flexibility • Additional assembly capacity is essential

61
 General Semi & Memory
Industry Expansion

5G Driving Unit Growth is Enabling the Data Era

5G to Demand 160B of Incremental K&S Solutions Directly Support the 5G

160
Semiconductor Production by C2023 Transition
Increased silicon content in devices
102 New modems
5G Semis Needed

Increased RF content
51 mmWave antenna
Billions

19 Increased content for Base Stations

2.5
In addition to 4G

C2019 C2020 C2021 C2022 C2023 Higher-silicon density per coverage area
Higher-bandwidth networking
New devices & applications
• 5G semiconductors will grow at a 77% CAGR, ‘21-’23, and Richer photos & videos
still represent only 50% of new smartphones Data-center networking
New edge devices
• This 5G transition independently supports semiconductor
industry growth of 4% annually through C2023

62 Source: Gartner & Company Estimates

 General Semi & Memory
Assembly Complexity

Supporting Package-Level Transistor Density

Why Now?
Transistor shrink has failed to maintain
the pace of cost & performance benefits
F2018 F2021
Consumer devices continue to demand F2024
20% AP 40% AP
more features & content (5G) Within
Within 50% AP
General
Advanced assembly techniques Semi
General Semi Within
General Semi
provide market-ready solutions

Complexity Increases Value Proposition K&S Solutions Support New

• Extends growth across portfolio Levels of Complexity for Both:
• Reduces reliance on unit-driven capacity additions, • High-volume applications
enhancing earnings consistency • Leading-edge applications
• Complexity enables higher-margin opportunities

63
 General Semi & Memory
Assembly Complexity

High-Volume Semiconductor

Connected Devices | 5G, IoT & RF

System-in-Package
Multi-Chip-Modules
Memory | Stacked NAND & HBM Stacked Die
Wafer-level-packaging

Optical & Sensing | CIS, face recognition, security

ConnX PowerFusion ATPremier CIS In-Line Solution iFlex RAPID

Broad Portfolio Supports Multi-die Package Growth

64
 General Semi & Memory
Assembly Complexity

Packaging for the Leading Edge

Mobile | Application processors, sensing

TCB
Wafer-level Packaging
AI | Edge Devices, machine learning Hybrid Bonding
High-accuracy FC
Lithography

Datacenter | Heterogeneous, silicon photonics

Next-Gen Next-Gen
Fluxless TCB Bonder Hybrid Bonder

Coming Soon

3 2 1.5 1 0.2
Placement Accuracy (μm)

65
 General Semi & Memory
Assembly Complexity

Packaging for the Leading Edge

Silicon Photonics Winning at the turn

High-Bandwidth Transceivers Leading Transition • Emerging Silicon Photonics win

Co-Packaged Optics require complex assembly • High bandwidth network to network communications
Datacenter & longhaul transceivers largest • Strong outlook with 5G adoption
opportunity • Silicon photonics require TCB placement
5G necessitates broader infrastructure change • High-volume mobile transitioning from FC to TCB
40% CAGR into C2025 • Mobile applications processors transitioning to TCB
• Next-generation 3D sensing moving to TCB
• Significant potential in heterogeneous logic assembly
• Emerging Chiplet trends to accelerate in F2023
• Unique fluxless process is market ready
• Other recent AP wins
• Cryptocurrency • AR display drivers
• Leading-edge module • Embedded logic

66
 Closing Comments

Summary & Recap

Lester Wong
SVP & Chief Financial Officer

Joined K&S in 2011

Leads IT, Finance & Facilities organizations
Critically involved in M&A, capital allocation

67
 Baseline Revenue Recap

New Sustainable Baseline Targets

$1.5B
$1,500
$1.5 Billion
$ M USD

Annual Revenue

>$6
Non-GAAP EPS

$1,000 Industry strength to drive similar

$900M average performance through F2023
Track-record of goal attainment
Quarterly guidance
Long-term targets
Throughout challenging global supply
chain environment
$500
Baseline General Aftermarket LED & Advanced Automotive & Baseline
F2021 Semiconductor & Products & Services Display Industrial F2024
Memory

68
 Baseline Financial Framework

Potential Drivers for Upside

Industry Level Dynamics K&S Specific Dynamics

Industry expansion, stronger for longer Assembly complexity

5G rollouts & end devices Faster leading-edge transition to
New “at home” models heterogeneous
Global macro strength Faster high-volume semiconductor
transition to SiP & MCM
Semiconductor nationalism
Baseline is backwards looking
Creates productivity inefficiencies
Global adoption of Advanced Display
Supports more consistent levels of
capital equipment spending Broader mini LED adoption
Faster micro LED rollout
Balance sheet optionality

69
 Pervasive Solutions
K&S solutions are increasingly essential to the Semiconductor
Industry
KEY MESSAGES

Rooted Competencies
A New Level of Institutional knowledge, proven innovation, commercialization

Performance
Technology Transitions
Tactical and strategic execution combined with Increases value-add, extends market access, supports
evolving market trends enhance our business and profitability enhancements
provide a new set of opportunities

Leadership
Experienced, empowered and accountable team with track
record for market expansion and execution

Sustainable Profitability
New level of sustainable revenue supports higher level of
profitability

70
 Q&A
For additional information
Technoloy Change
investor.kns.com
Extending market access, supporting
profitability enhancements
[email protected]

71 71