Conference Call Annual Results 2013/14

AT&S first choice for advanced applications Conference Call Annual Results 2013/14 Andreas Gerstenmayer (CEO) Karl Asamer (CFO) Martin Theyer (IR/PR) 8th May 2014 8:30am CET AT & S Austria Technologie & Systemtechnik Aktiengesellschaft Fabriksgasse 13 A-8700 Leoben Tel +43 (0) 3842 200-0 E-mail info@ats.net www.ats.net

Agenda Executive Summary Financials Market Trends & Strategy 1

Executive Summary AT&S Group s sales for the financial year 2013/14 reached EUR 590m (up around 9% on 2012/13) AT&S generated EBITDA of about EUR 127m (up approx. 24% on 2012/13) AT&S increased consolidated profit to EUR 38m (2012/13: EUR 15m) AT&S improved its financing structure and reduced its gearing ratio to about 28% (2012/13: 71%) Mobile Devices continues to develop customer portfolio, increasing sales by about 8% Industrial & Automotive reports significant growth and increased sales by about 9% Demand for AT&S s patented ECP technology continues to grow Chongqing project proceeding according to plan AT&S supports key electronics industry trends 2

Business Development Sales increased constantly over the past five years. Revenues ( in millions) EBITDA ( in millions) 372 488 514 542 590 140 120 100 80 19.7% 20.1% 18.9% 103 102 96 21.6% 127 25,0% 20,0% 15,0% 60 9.3% 10,0% 40 20 34 5,0% 2009/10 2010/11 2011/12 2012/13 2013/14 0 2009/10 2010/11 2011/12 2012/13 2013/14 0,0% EBITDA EBITDA-Marge 3

Distribution of Turnover Distribution of Turnover* Ship to Party** Distribution of Turnover* by Headquarter** 12% 53% 25% 10% Austria/Germany Rest of Europe Asia 53% 15% 7% Americas 25% Austria/Germany Rest of Europe Asia Americas *Revenue FY 2013/14 ** Revenue split is based on shipping location *Revenue FY 2013/14 ** Revenue split is based on customer s headquarter 4

Segment Turnover FY 2013/14 Mobile Devices Sales advanced by 8% year on year (EUR 321.3m in 2013/14: vs. EUR 297.3m in 2012/13) Position as high-tech supplier strengthened Customer portfolio developed further New customers acquired for new applications (e.g. wearables) Increase of business with existing customers High capacity utilisation at the Shanghai plant ( in millions) 90.7 90.1 87.7 74.5 69.8 68.7 68.1 69.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY 2012/13 FY 2013/14 Industrial & Automotive Sales up 9% year on year (EUR 265.2m in 2013/14 vs. EUR 242.6m in 2012/13) Continued above-average growth in market for automobile electronics AT&S identified trend at an early stage and is well positioned with its high-value printed circuit boards Moderate but constant growth in industrial segment Positive developments for medical technology 5 ( in millions) 68.0 69.7 66.4 66.3 55.9 59.6 62.8 59.1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY 2012/13 FY 2013/14 5

Project Status Chongqing Start Equipment Installation Certification FY 2012/13 FY 2013/14 Q3 Q4 Q1 Q2 Q3 FY 2014/15 Q4 Q1 Q2 Q3 FY 2015/16 Q4 Q1 Q2 Q3 FY 2016/17 Q4 Q1 Q2 Q3 Q4 Ramp-up Volume Production Plant Lay-out Product- Specification Start Training Start Equipment Characterisation Start Equipment Ordering Completion of Infrastructure Investment as of 31/03/2014: EUR 111m* *Additions to assets as of 31/03/2014 6

Agenda Executive Summary Financials Market Trends & Strategy 7

Financials FY 2013/14 in thousands (unless otherwise indicated) STATEMENT OF PROFIT OR LOSS before nonrecurring items 01.04.013-31.03.2014 01.04.2012 31.03.2013 1) after non-recurring items after non-recurring items Revenue produced in Asia produced in Europe EBITDA EBITDA margin EBIT EBIT margin Net income Cash Earnings 589,909 541,673 75.9% 73.9% 24.1% 26.6% 130,179 127,175 102,356 22.1% 21.6% 18.9% 56,934 53,930 31,365 9.7% 9.1% 5.8% 41,223 38,219 14,573 114,417 111,413 85,563 1) Adjusted according to IAS 19 revised 8

Financials FY 2013/14 in thousands (unless otherwise indicated) 31.03.2014 31.03.2013 1) STATEMENT OF FINANCIAL POSITION Total assets 916,059 726,663 Total equity 390,680 304,844 Net debt 110,874 217,409 Net gearing ratio 28.4% 71.3% Net working capital 91,722 102,679 Net working capital / revenue 15.6% 19.0% Equity ratio 42.7% 42.0% 1) Adjusted according to IAS 19 revised 9

Financials FY 2013/14 in thousands 01.04.2013 31.03.2014 01.04.2012 31.03.2013 1)1) STATEMENT OF CASH FLOWS Net cash generated from operating activities 104,759 71,673 Net cash used in investing activities -90,288-40,549 Net cash generated from financing activites 169,144 17,933 Net increase in cash and cash equivalents 183,615 49,057 CAPEX, net 90,276 40,459 1) Adjusted according to IAS 19 revised 10

Development of Capital Investment Total CAPEX spent of around EUR 90m mainly related to Chongqing in 2013/14. Net Gearing was reduced from around 71% to 28% over the last year. 270 100% Net CAPEX ( in millions) 30 25 20 15 10 5-29 30 20 11 Q1 13/14 Q2 13/14 Q3 13/14 Q4 13/14 Net Debt ( in millions) 240 210 180 150 120 90 60 30-199 203 112 111 01/03/13 30/06/13 30/09/13 31/12/13 85% 70% 55% 40% 25% 10% -5% Net Gearing 11

AT&S Financing Strategy The aim of establishing a stable long-term financing structure was achieved: Issue of a 100m retail bond (November 2011) 90% 80% 70% 60% 71% 84% 86% 71% 300 250 200 Successful capital increase amounting to 100m gross (September/October 2013) Successful placement of SSD loan worth 158m in January 2014 50% 40% 30% 20% 10% 148 194 243 217 28% 111 150 100 50 Increase of internal financing power (EBITDA) of about 34m to 127m in the last 5 years 0% 2009/10 2010/11 2011/12 2012/13 2013/14 Net Debt Net Gearing ( in millions) 0 12

AT&S SSD Loan Details The AT&S issued in January 2014, SSD loans with different tranches of maturity 5, 7 and 10 years terms. The transaction was offered both in and in $. Distribution by Investor type Due to high demand, the initial volume of 75m was increased to 157.95m 2% 9% Banken The strong order book made it possible to price the transaction at the low end of the indicative price range. Most of the demand came from Austria (77%); 23% of the transaction were placed internationally. 25% 19% 45% Regionalbanken Genossenschaftsbanken Sparkassen Versicherungen 13

Overview Debt Portfolio Duration Maturity in millions < 1 Year 1-5 Years >5 Years Total Corporate Bond 1.8 99.5-101.3 Export Loans 32.0 - - 32.0 Public funds and other 0.1 0.6 0.2 0.9 Bank Borrowings 12.1 182.8 42.8 237.7 Total 2013/14 46.0 282.9 43.0 371.9 Total* 2012/13 129.8 145.7 23.0 298.5 *audited figures 2012/13 14

AT&S - Stock Profile Listing Vienna Stock Exchange, Prime Standard Indices ATX Prime, WBI Reuters RIC (A) ATSV.VI Bloomberg (A) ATS AV # of shares outstanding post right issue 38.9m Average trading volume (100 days): 80,740 shares Calendar Annual results 2013/14 8 May 2014 Annual General Meeting 3 July 2014 Dividend Payment 24 July 2014 Shareholder structure pre and post transaction 15

Agenda Executive Summary Financials Market Trends & Strategy 16

Mega Trend - Internet of Things (IoT) The world is made up of trillions of things cars, planes, jet engines, exercise equipment, the items on my desk. And then there s the Internet. This category is about all of these things and the Internet, as we know it, coming together. Anything I can do over the Internet blended with my things. Chet Pipkin, CEO and founder of Belkin Everything Is Connected: What 'The Internet Of Things' Means Now Forbes Magazine, April 2014 Internet of Everything 50 Billion 10 Billion * Fixed Computer You go to the device Mobility The device goes with you 200 Million 1995 2000 2014 * Number of connected devices IoT everyday physical things can become a computer that is connected to the Internet 2020 Source: http://www.forbes.com and http://de.control4.com 17

Mega Trend - Wearable Device 8.3 Million fitness trackers, smart watches and other connected wearables were bought by consumers in 2012 82% of users believe that wearable tech has enhanced their lives Forecast: Worldwide spending on wearbale technology $1.4 billion in 2013 to $19 billion in 2018 Source: http://images.shottracker.com/shottrackerwearabletechinfographic.html 18

Strategic focuses for 2014/15 Expanding the core business Focus on solid performance of the core business over the next few years We expect near-full capacity utilisation Moderate sales growth based on technologically high-value product mix Investment in technological upgrades planned at existing sites Successful implementation of IC substrate project in Chongqing Preparation for the next significant phase of growth Achievement of project milestones Implementation of installation and qualifying phases Build up know-how and the necessary human resources Continuation of the cost-efficiency programme Focus on the development of innovative products and technologies 19

Q&A Session AT & S Austria Technologie & Systemtechnik Aktiengesellschaft Fabriksgasse13 A-8700 Leoben Tel +43 (0) 3842 200-0 E-mail info@ats.net www.ats.net