AT & S Austria Technologie & Systemtechnik (ATS) investor relations material

Executive summary

• Achieved a strong start to the fiscal year with revenue of €550 million (up 40% year-over-year in constant currency), significant improvements in profitability, and a transformation toward technology and innovation partnership driving growth.

• EPS improved from €-1.55 to €0.93, marking a return to profitability.

• All major projects are progressing as planned, with additional unannounced projects in the pipeline and strong customer diversification.

• Operations in China, Malaysia, and Austria are accelerating, supporting local-for-local business models and capacity expansions.

• Successfully placed a €400 million convertible hybrid bond, strengthening financial flexibility.

Financial highlights

• Revenue reached €548.7 million (up 37.5% year-over-year); EBITDA rose 133.7% to €165 million with a margin above 30%.

• EBIT reached €73.4 million (from €-16.3 million prior year), with a margin above 13%.

• Net income for the quarter was €40.8 million, with EPS at €0.93.

• Cash and cash equivalents exceeded €1.18 billion, and net debt declined to €954 million.

• Equity ratio increased to 29.0% from 22.6% year-over-year.

Outlook and guidance

• Full-year guidance confirmed: revenue growth of 45–55% (constant currency), EBITDA margin of 32–37%, CAPEX of €1–1.2 billion, and leverage below 3x.

• Q2 expected to accelerate further, with growth and margin in line with guidance.

• Positive operating free cash flow expected, supported by business operations and customer payments.

• Guidance subject to supply chain, geopolitical, and currency risks.

• Long-term customer commitments provide strong visibility and support for ongoing expansion.