Advanced Energy Industries (AEIS) Investor presentation summary

Business overview and market position

• Global leader in precision power conversion, measurement, and control solutions for mission-critical applications, with 2025 revenue of $1.8B and over 70% proprietary designs.

• Serves diverse markets: 47% semiconductor equipment, 33% data center computing, 15% industrial & medical, and 5% telecom & networking.

• Holds #1 market share in plasma power for semiconductors and #2 in medical power, with a broad portfolio and strong technical team of 1,500+ engineers.

Growth drivers and strategy

• Growth fueled by new products, share gains, and acquisitions, targeting high-value, differentiated applications.

• Macro drivers include AI, energy efficiency, electrification, industrial automation, and medical innovation, with the semiconductor market projected to reach $1T by 2030.

• Focused on outgrowing wafer fab equipment (WFE) market via increased etch/deposition intensity and power content, aiming for >1.3x WFE CAGR.

• Accelerating growth in industrial and medical markets, targeting >$125M incremental annual revenue by 2030.

• Data center computing growth driven by AI, with proprietary solutions expected to add >$100M annual revenue by 2030.

Operational excellence and financial performance

• Consolidating manufacturing into five large sites in Southeast Asia and Mexico to support long-life products and cost-effective, high-mix, low-volume manufacturing.

• Continuous improvement in quality and cost, targeting world-class operations to support $3B revenue by 2030.

• Structurally expanding gross margin through manufacturing improvements, product mix, and volume leverage, aiming for >40% gross margin through cycles.