BE Semiconductor Industries N.V. Announces Q4-22 and Full Year 2022 Results
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Supplemental Information (unaudited) | | | (€ millions, unless stated otherwise) | | | | | | | | | | | | | | | | | | | | | | | | |
REVENUE |
Q4-2022 |
Q3-2022 |
Q2-2022 |
Q1-2022 |
Q4-2021 |
Q3-2021 |
Q2-2021 |
Q1-2021 | | | | | | | | | | | | | | | | | | | | | |
Per geography: | | | | | | | | | | | | | | | | | | | Asia Pacific |
98.2 | |
71 |
% | 126.9 | | 75 | % | 164.1 | | 77 | % | 159.3 | | 79 | % | 129.1 | | 75 | % | 164.3 | | 79 | % | 175.7 | | 78 | % | 113.4 | | 79 | % | | | EU / USA / Other |
39.5 | |
29 |
% | 41.9 | | 25 | % | 49.9 | | 23 | % | 43.1 | | 21 | % | 42.6 | | 25 | % | 44.0 | | 21 | % | 50.4 | | 22 | % | 29.8 | | 21 | % | | | | | | | | | | | | | | | | | | | | | | Total |
137.7 | |
100 |
% | 168.8 | | 100 | % | 214.0 | | 100 | % | 202.4 | | 100 | % | 171.7 | | 100 | % | 208.3 | | 100 | % | 226.1 | | 100 | % | 143.2 | | 100 | % | | | | | | | | | | | | | | | | | | | | | |
ORDERS |
Q4-2022 |
Q3-2022 |
Q2-2022 |
Q1-2022 |
Q4-2021 |
Q3-2021 |
Q2-2021 |
Q1-2021 | | | | | | | | | | | | | | | | | | | | | |
Per geography: | | | | | | | | | | | | | | | | | | | Asia Pacific |
127.4 | |
71 |
% | 93.3 | | 74 | % | 104.3 | | 68 | % | 161.8 | | 79 | % | 147.3 | | 73 | % | 170.5 | | 82 | % | 155.0 | | 77 | % | 253.2 | | 77 | % | | | EU / USA / Other |
53.1 | |
29 |
% | 32.0 | | 26 | % | 48.8 | | 32 | % | 43.0 | | 21 | % | 55.3 | | 27 | % | 38.7 | | 18 | % | 45.2 | | 23 | % | 73.9 | | 23 | % | | | | | | | | | | | | | | | | | | | | | | Total |
180.5 | |
100 |
% | 125.3 | | 100 | % | 153.1 | | 100 | % | 204.8 | | 100 | % | 202.6 | | 100 | % | 209.2 | | 100 | % | 200.2 | | 100 | % | 327.1 | | 100 | % | | | | | | | | | | | | | | | | | | | | | |
Per customer type: | | | | | | | | | | | | | | | | | | | IDM |
98.2 | |
54 |
% | 80.7 | | 64 | % | 86.8 | | 57 | % | 97.1 | | 47 | % | 138.4 | | 68 | % | 133.7 | | 64 | % | 111.3 | | 56 | % | 130.8 | | 40 | % | | | Subcontractors |
82.3 | |
46 |
% | 44.6 | | 36 | % | 66.3 | | 43 | % | 107.7 | | 53 | % | 64.2 | | 32 | % | 75.5 | | 36 | % | 88.9 | | 44 | % | 196.3 | | 60 | % | | | | | | | | | | | | | | | | | | | | | | Total |
180.5 | |
100 |
% | 125.3 | | 100 | % | 153.1 | | 100 | % | 204.8 | | 100 | % | 202.6 | | 100 | % | 209.2 | | 100 | % | 200.2 | | 100 | % | 327.1 | | 100 | % | | | | | | | | | | | | | | | | | | | | | |
HEADCOUNT |
Sep 30, 2022 |
Sep 30, 2022 |
Jun 30, 2022 |
Mar 31, 2022 |
Dec 31, 2021 |
Sep 30, 2021 |
Jun 30, 2021 |
Mar 31, 2021 | | | | | | | | | | | | | | | | | | | | | |
Fixed staff (FTE) | | | | | | | | | | | | | | | | | | | Asia Pacific |
1,162 | |
69 |
% | 1,176 | | 69 | % | 1,203 | | 70 | % | 1,186 | | 70 | % | 1,154 | | 70 | % | 1,132 | | 70 | % | 1,096 | | 70 | % | 1,070 | | 70 | % | | | EU / USA |
513 | |
31 |
% | 518 | | 31 | % | 511 | | 30 | % | 500 | | 30 | % | 491 | | 30 | % | 483 | | 30 | % | 473 | | 30 | % | 468 | | 30 | % | | | | | | | | | | | | | | | | | | | | | | Total |
1,675 | |
100 |
% | 1,694 | | 100 | % | 1,714 | | 100 | % | 1,686 | | 100 | % | 1,645 | | 100 | % | 1,615 | | 100 | % | 1,569 | | 100 | % | 1,538 | | 100 | % | | | | | | | | | | | | | | | | | | | | | |
Temporary staff (FTE) | | | | | | | | | | | | | | | | | | | Asia Pacific |
60 | |
42 |
% | 237 | | 74 | % | 433 | | 83 | % | 536 | | 86 | % | 412 | | 83 | % | 559 | | 87 | % | 581 | | 90 | % | 299 | | 82 | % | | | EU / USA |
84 | |
58 |
% | 84 | | 26 | % | 91 | | 17 | % | 86 | | 14 | % | 84 | | 17 | % | 80 | | 13 | % | 68 | | 10 | % | 64 | | 18 | % | | | | | | | | | | | | | | | | | | | | | | Total |
144 | |
100 |
% | 321 | | 100 | % | 524 | | 100 | % | 622 | | 100 | % | 496 | | 100 | % | 639 | | 100 | % | 649 | | 100 | % | 363 | | 100 | % | | | | | | | | | | | | | | | | | | | | | |
Total fixed and temporary staff (FTE) |
1,819 | | | 2,015 | | | 2,238 | | | 2,308 | | | 2,141 | | | 2,254 | | | 2,218 | | | 1,901 | | | | | | | | | | | | | | | | | | | | | | | |
OTHER FINANCIAL DATA |
Q4-2022 |
Q3-2022 |
Q2-2022 |
Q1-2022 |
Q4-2021 |
Q3-2021 |
Q2-2021 |
Q1-2021 | | | | | | | | | | | | | | | | | | | | | |
Gross profit |
85.8 | |
62.3 |
% | 105.2 | | 62.3 | % | 130.4 | | 61.0 | % | 121.6 | | 60.1 | % | 97.4 | | 56.7 | % | 125.8 | | 60.4 | % | 140.3 | | 62.1 | % | 83.3 | | 58.2 | % | | | Inventory impairment |
- | |
- | | - | | - | | - | | - | | - | | - | | 7.4 | | 4.3 | % | - | | - | | - | | - | | - | | - | | | | Gross profit as adjusted |
85.8 | |
62.3 |
% | 105.2 | | 62.3 | % | 130.4 | | 61.0 | % | 121.6 | | 60.1 | % | 104.8 | | 61.0 | % | 125.8 | | 60.4 | % | 140.3 | | 62.1 | % | 83.3 | | 58.2 | % | | | | | | | | | | | | | | | | | | | | | |
Selling, general and admin expenses: | | | | | | | | | | | | | | | | | | | As reported |
22.6 | |
16.4 |
% | 20.5 | | 12.1 | % | 24.6 | | 11.5 | % | 27.3 | | 13.5 | % | 20.4 | | 11.9 | % | 21.6 | | 10.4 | % | 24.2 | | 10.7 | % | 26.7 | | 18.6 | % | | | Share-based compensation expense |
(2.1 |
) |
-1.5 |
% | (0.9 | ) | -0.5 | % | (3.6 | ) | -1.7 | % | (8.6 | ) | -4.3 | % | (1.6 | ) | -1.0 | % | (1.4 | ) | -0.7 | % | (3.6 | ) | -1.6 | % | (9.8 | ) | -6.8 | % | | | SG&A expenses as adjusted |
20.5 | |
14.9 |
% | 19.6 | | 11.6 | % | 21.0 | | 9.8 | % | 18.7 | | 9.2 | % | 18.8 | | 10.9 | % | 20.2 | | 9.7 | % | 20.6 | | 9.1 | % | 16.9 | | 11.8 | % | | | | | | | | | | | | | | | | | | | | | |
Research and development expenses: | | | | | | | | | | | | | | | | | | | As reported |
14.5 | |
10.5 |
% | 13.5 | | 8.0 | % | 13.3 | | 6.2 | % | 12.6 | | 6.2 | % | 9.9 | | 5.8 | % | 8.8 | | 4.2 | % | 9.4 | | 4.2 | % | 8.3 | | 5.8 | % | | | Capitalization of R&D charges |
5.5 | |
4.0 |
% | 5.2 | | 3.1 | % | 5.2 | | 2.4 | % | 5.7 | | 2.8 | % | 6.7 | | 3.9 | % | 5.5 | | 2.6 | % | 4.9 | | 2.2 | % | 5.9 | | 4.1 | % | | | Amortization of intangibles |
(3.0 |
) |
-2.2 |
% | (2.9 | ) | -1.7 | % | (2.9 | ) | -1.3 | % | (2.9 | ) | -1.4 | % | (2.1 | ) | -1.2 | % | (1.8 | ) | -0.8 | % | (1.7 | ) | -0.8 | % | (1.7 | ) | -1.2 | % | | | R&D expenses as adjusted |
17.0 | |
12.3 |
% | 15.8 | | 9.4 | % | 15.6 | | 7.3 | % | 15.4 | | 7.6 | % | 14.5 | | 8.5 | % | 12.5 | | 6.0 | % | 12.6 | | 5.6 | % | 12.5 | | 8.7 | % | | | | | | | | | | | | | | | | | | | | | |
Financial expense (income), net: | | | | | | | | | | | | | | | | | | | Interest income |
(1.2 |
) | | (0.2 | ) | | (0.2 | ) | | 0.0 | | | (0.1 | ) | | (0.1 | ) | | 0.0 | | | 0.0 | | | | | Interest expense |
2.8 | | | 3.3 | | | 3.7 | | | 2.4 | | | 2.5 | | | 2.5 | | | 2.3 | | | 3.4 | | | | | Net cost of hedging |
2.6 | | | 2.3 | | | 1.5 | | | 1.1 | | | 0.8 | | | 0.7 | | | 0.7 | | | 0.7 | | | | | Foreign exchange effects, net |
(0.6 |
) | | 0.1 | | | 0.8 | | | 0.2 | | | (0.2 | ) | | 0.3 | | | (0.2 | ) | | 0.4 | | | | | | | | | | | | | | | | | | | | | | | | Total |
3.6 | | | 5.5 | | | 5.8 | | | 3.7 | | | 3.0 | | | 3.4 | | | 2.8 | | | 4.5 | | | | | | | | | | | | | | | | | | | | | | | |
Operating income | | | | | | | | | | | | | | | | | | | as % of net sales |
48.7 | |
35.4 |
% | 71.2 | | 42.2 | % | 92.5 | | 43.2 | % | 81.7 | | 40.4 | % | 67.2 | | 39.1 | % | 95.4 | | 45.8 | % | 106.7 | | 47.2 | % | 48.4 | | 33.8 | % | | | | | | | | | | | | | | | | | | | | | |
EBITDA | | | | | | | | | | | | | | | | | | | as % of net sales |
54.8 | |
39.8 |
% | 77.1 | | 45.7 | % | 98.0 | | 45.8 | % | 87.2 | | 43.1 | % | 72.0 | | 41.9 | % | 99.7 | | 47.9 | % | 110.9 | | 49.0 | % | 52.6 | | 36.7 | % | | | | | | | | | | | | | | | | | | | | | |
Net income | | | | | | | | | | | | | | | | | | | as % of net sales |
40.2 | |
29.2 |
% | 57.3 | | 34.0 | % | 75.6 | | 35.4 | % | 67.5 | | 33.4 | % | 67.1 | | 39.1 | % | 84.2 | | 40.4 | % | 93.5 | | 41.3 | % | 37.6 | | 26.3 | % | | | | | | | | | | | | | | | | | | | | | |
Income per share | | | | | | | | | | | | | | | | | | | Basic |
0.51 | | | 0.71 | | | 0.94 | | | 0.87 | | | 0.86 | | | 1.08 | | | 1.23 | | | 0.51 | | | | | Diluted |
0.50 | | | 0.69 | | | 0.90 | | | 0.81 | | | 0.80 | | | 1.00 | | | 1.12 | | | 0.47 | | | | | | | | | | | | | | | | | | | | | | |
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