SCHMID (SHMD) investor relations material

Company overview and business model

• Global supplier of high-end equipment, software, and services for PCB, substrate, glass, and photovoltaics industries, with a focus on advanced technology and performance.

• Operates manufacturing sites in Germany and China, with a strong R&D focus and over 150 scientists and engineers among 734 employees.

• Business model emphasizes modular equipment, joint R&D with customers, and after-sales services through a global network.

• Key innovations include embedded traces (ET) technology for PCBs and substrates, aiming for higher precision, cost savings, and reduced environmental impact.

• Customers include major OEMs in semiconductors, consumer electronics, space, and defense sectors.

Financial performance and metrics

• 2025 revenue: €66.9 million (up from €60.8 million in 2024); gross profit: €16.0 million (24% margin).

• Operating profit in 2025: €1.4 million, compared to a loss of €81.8 million in 2024 (driven by €71.6 million de-SPAC listing expense).

• Adjusted EBITDA for 2025: €6.3 million; net loss for 2025: €71.1 million (impacted by finance expenses and fair value changes).

• Cash and cash equivalents as of Dec 31, 2025: €1.6 million; significant working capital deficiency at year-end, but liquidity improved post-year-end through equity and debt measures.

• Order intake for 2025: €95 million; order backlog at year-end: €50.9 million.

Use of proceeds and capital allocation

• No proceeds to the company from the resale of shares by selling securityholders; proceeds from convertible notes and equity facilities used for liquidity, debt reduction, and operational needs.

• Recent capital actions include convertible notes, equity set-offs with shareholders, and a standby equity purchase agreement (SEPA) for up to $30 million.

• Investment in a new China manufacturing campus to consolidate operations and double capacity, with €11 million planned investment, mainly financed by local banks.