1. AT&S
Company Presentation
February 2013
www.ats.net

2. Disclaimer
AT&S Austria Technologie & Systemtechnik
Aktiengesellschaft
Martin Theyer
Director of Strategy & IR/PR
Fabriksgasse 13
A-8700 Leoben
Tel: +43 3842 200 5909
Email: m.theyer@ats.net
Despite a diligent preparation of this presentation we assume no liability for the content or any action based
on this presentation. We do not give any warranty, guarantee or commitment, neither explicitly nor implicitly.
Neither AT&S nor any of its employees assume responsibility for the completeness or accuracy of the
information contained or not in this presentation. The presentation does not include and does not constitute
or form part of any offer whatsoever, nor does it constitute or form part of any kind of prospectus.
This presentation contains certain forward-looking statements. Actual results may differ materially from
those projected or implied in such forward-looking statements. Forward-looking information involves risks
and uncertainties that could significantly affect expected results.
1

3. Overview
2

4. Business model
 Austria Technologie & Systemtechnik AG (AT&S) is the largest producer of printed circuit boards in
Europe and India, and also ranks among the industry leaders worldwide in innovation and the continuing
development of printed circuit board manufacturing technologies. The AT&S Group employs more than
7,500 people around the world.
 AT&S’s main business divisions are Mobile Devices, Industrial & Automotive. Its core activity is the
manufacture of high-end printed circuit boards – the nerve centres of so many electronic appliances.
 AT&S is headquartered in Austria and carries out research and development in Austria and China. It has
production facilities in Austria, China, India and Korea, a sales service and design centre in Germany, and
a sales network spanning four continents.
3

5. Locations
 6 production facilities worldwide
 Purchasing & Sales Office: Hong Kong, China
 Design-Center: Nörvenich, Germany Chongqing
 16 Sales Offices on four continents ~ under construction
 About 7 500 employees
 R&D: Hinterberg and Shanghai – Cooperation with well-known
 partners from Industry and Science
Fehring:
~380 people
Shanghai:
Leoben-Hinterberg: ~4.900 people
Head Quarter
~755 people
Klagenfurt: Nanjangud-Indien:
~110 people ~1.040 people
Ansan-Korea:
~235 people
4

6. We operate in an atractive market
5

7. Historical Cycles in the PCB Production
Growth Rates 4% 10% 37% 15% -5% 12% 47% 10% 1% 7% -12% -4% 14% 10% 16% 13% 10% 5% 5% 18% -22% -3% 7% 12% 9% 12% 6% 1% -13% 24% 3% 5% 7% 7% 7%
Source: Prismark (2012) 6

8. We only focus on high end technology
Overall
Overall Market development
Market per Segments 2011 – 2016 [Mio. US $] Market per Technology 2011 – 2016 [Mio. US $]
74.087 Segment CAGR 74.087 Segment CAGR
11.829 11.829
IC Substrate 6,5% IC Substrate 6,5%
5,8% 5,8%
Av. & Security 2,5%
2.425 13.237
1.462
Medical 6,0%
55.794 5.486 55.794 Flex/R-Flex 7,5%
8.636 3.816 Industrial 13,0% 8.636
8.268 Automotive 4,5% 11.019
2.146 9.205 HDI
1.090 Consumer 2,6% 8,2%
2.975
3.067 18.331
27.646
7.278 Communication 7.423
6,6%
13.312 22.458
ML 4,2%
22.471
17.290
Computing 5,4% DS 4,5%
6.762
5.420 SS 6,3%
2.652 3.593
2011 2016 2011 2016
Market Data 2012. Source: Prismark (2012); AT&S 7

9. Highly Fragmented Market
Overall Market Situation (2011)
Comments*)
• % of the overall PCB sales
• Top 10: >28%
• Top 25: >50%
• Top 50: >69%
• Top 100: >85%
• Median growth [%]
(2009 to 2010):
• Top 10: 35%
• Top 25: 26%
• Top 50: 24%
• Top 100: 26%
*) Base: 2011 revenues
Source: Nakahara (2011); Strategy 8

10. Our Strategy – an Austrian success
story
9

11. The complexity and density of our products
increase every year
Abb. 1: Motorola 3200 International (1982), first GSM
mobile device, Abb. 2: Abb. 4: Samsung Galaxy Skin mit Flex-
Quelle: © REUTERS / Lou Dematteis Screen, - market entry planned 2013
Quelle: Samsung

12. Chip designs drives the our PCB
technology
Yesterday Today Tomorrow
Chips Package-on Package System in Package
Subst.
Design
Major Impact on Design Chain:
Concurrent Design
Sequential Design
Chip Substrate PCB Module
Design Design Design Design
Chip PCB
Design Design
® ATS AG 11

13. Construction of Chongqing Plant
Phase 3 Phase 2
Phase 1
admin. building
under construction
under construction
AT&S is taking the next logical step by expanding its portfolio with the production of
Integrated Circuit (IC) Substrates in Chongqing (Capex approx. EUR 350 mln )
© AT&S AG 12

14. Half – Year Results

15. Distribution of Turnover
Distribution of Turnover Distribution of Turnover by
Ship to Party Headquarter
50% Austria+Germany 55%
Austria+Germany
Rest of Europe
13% Rest of Europe
Asia
13% 11% Asia
Canada/USA 7%
26% 25% Canada/USA
Turnover YTD 2012/13 Turnover YTD 2012/13
Figures are based on internal management information systems and are subject to change | Source: AT&S AG 14

16. Segment Turnover
Mobile Devices Distribution of Segment Turnover
First 9 months revenues up from EUR 211m to EUR in EURm
229m
100.0 Q1 FY11/12
 sales reached new record high
Q2 FY11/12
90.7
 new products launched successfully 90.0 Q3 FY11/12
85.8
 good loading in Shanghai during the last 3 months 81.4 Q4 FY11/12
80.0 Q1 FY12/13
 new OEMs added to customer portfolio 75.1
69.8 Q2 FY12/13
70.0 68.7
Q3 FY12/13
59.6
Industrial & Automotive 60.0 56,2 55.9 59.1
54.7 55.5 56.3
First 9 months revenues up from EUR 159m to EUR 175m
50.0 .47,7
 automotive growth rate of 10% YoY, HDI growth of
50% (HDI boards for Multimedia, driver assistance
40.0
and lighting applications)
 medical segment grows by more than 50% => 30.0
applications for medical therapy doubled within the
last fiscal year especially for flex boards
20.0
 Hinterberg shows sustainable performance due to
growing prototype business 10.0
 industrial development in line with the overall
European economic environment 0.0
Mobile Devices Industrial & Automotive
15
Figures are based on internal management information systems and are subject to change | Source: AT&S AG 15

17. Financial Figures Q3 2012/13
In EUR '000 Q1 - Q3 2012/13 Q1 - Q3 2011/12
CONSOLIDATED INCOME
STATEMENT
Revenues 405,121 371,754
Produced in Asia (in %) 75 72
Produced in Europe (in %) 25 28
EBITDA 74,426 75,913
EBITDA margin (in %) 18.4 20.4
EBIT 20,981 31,644
EBIT margin (in %) 5.2 8.5
Net income 5,439 21,864
Cash Earnings 58,883 66,159
Figures are based on internal management information systems and are subject to change | Source: AT&S AG 16

18. Financial Figures Q3 2012/13
In EUR '000 Q1 - Q3 2012/13 Q1 - Q3 2011/12
CONSOLIDATED BALANCE SHEET
Total assets 709,546 722,209
Total equity 289,225 289,293
Net debt 252,143 255,727
Net gearing (in %) 87.2 88.4
Net working capital 120,774 108,184
Net working capital / revenues (in %) 22.4 21.8
Equity ratio (in %) 40.8 40.1
Figures are based on internal management information systems and are subject to change | Source: AT&S AG 17

19. Development of Capital Investment
Net investments relates to Shanghai and No material changes in net debt and net gearing.
construction activities for Chongqing Phase I.
270 244 255 252 100%
243
30
240 85%
Net Debt (in EURm)
Net CAPEX ( in EURm)
25 210
Net Gearing
70%
180
20
21 150 55%
15 16 120 40%
90
10 25%
9 60
5 8 10%
30
- - -5%
Q4 11/12 Q1 12/13 Q2 12/13 Q3 12/13 Q4 11/12 Q1 12/13 Q2 12/13 Q3 12/13
Figures are based on internal management information systems and are subject to change | Source: AT&S AG 18

20. Investment Highlights
19

21. Investment Highlights
 Technology leader in HDI* any-layer printed circuit boards
 Close technology partnerships with international corporations
 Leading supplier to all big-name manufacturers of smartphones and
tablets
 Leading supplier to the European automotive industry
 Successful high-end niche-strategy
 Largest European printed circuit board manufacturer
 Competitive manufacturing capacities in Asia – most highly
automated HDI plant in China
 Largest printed circuit board manufacturer in India
 High social and ethical standards in all facilities worldwide
* High Density Interconnect (laser-drilled printed circuit 20
boards)

22. To find out more – visit www.ats.net
Danke für Ihre Aufmerksamkeit!