SCHMID (SHMD) investor relations material

Company overview and business model

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

• Operates manufacturing sites in Germany and China, with a global sales and service network across the US, Europe, and Asia.

• Business model emphasizes R&D, with over 150 scientists and engineers out of 734 employees, and close collaboration with customers and research institutes.

• Developed proprietary embedded traces (ET) technology for PCB and substrate production, aiming for higher precision, cost savings, and reduced environmental impact.

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

Financial performance and metrics

• 2025 revenue: €66.9 million, up from €60.8 million in 2024; gross profit increased to €16.0 million (24.0% margin).

• Operating profit in 2025 was €1.4 million, compared to a loss of €81.8 million in 2024 (the prior year included a €71.6 million listing expense).

• Net loss for 2025: €71.1 million, improved from €84.1 million loss in 2024.

• Cash and cash equivalents as of December 31, 2025: €1.6 million.

• Order backlog at year-end 2025: €50.9 million for machines, €1.3 million for spare parts/services.

Use of proceeds and capital allocation

• Proceeds from the SEPA (up to $30 million) are intended for working capital and general corporate purposes.

• Management retains broad discretion over the use of net proceeds from equity sales.

• Recent capital allocation includes debt-for-equity swaps, convertible notes, and set-off agreements to strengthen liquidity.