AT&S Investor and Analyst Presentation October 2016

1. AT & S Austria Technologie & Systemtechnik Aktiengesellschaft | Fabriksgasse13 | A-8700 Leoben
Tel +43 (0) 3842 200-0 | E-Mail info@ats.net
www.ats.net
AT&S
first choice for advanced applications
Investor and Analyst Presentation
October 2016

2. 1
Company Overview
Strategy & Market
Annex
Financials
Table of Contents

3. High-End Interconnection
Solutions
for
Mobile Devices, Automotive,
Industrial, Medical Applications
One of the
most profitable Players
in the Industry:
EBITDA margin of 22.0%
in FY 2015/16
Continuously
Outperforming
market growth
€ 762.9m
Revenue in FY 2015/16;
5.2% organic growth
# 1
manufacturer in Europe
# 3
in High-End Technology
worldwide
9,165
employees
Cost-competitive production
footprint with
6
plants in Europe and Asia
2
AT&S – a world leading high-tech PCB company

4. Outstanding
process know-how
and process
efficiency
3
Our competitive advantages
Cost advantage as
first high-end IC
substrates
manufacturer in
China
Strategic focus on
high-end
technologies and
applications
Technology
leverage between
customer segments
Quality

5. What guides us
Vision First choice for advanced applications
Targets
 Strengthening the technology leadership
 Long-term profitable growth with the target to be one of the most profitable
players in the industry
 Generation of shareholder value
Strategy
 Focus on high-end technologies and applications with above average
growth potential and long-term profitability
 Focus on highest service-level and customer orientation
 Focus on operational excellence
 Focus on cash flow generation
4

6. 5
High-end PCBs for high-end applications
Revenue Share*Segment
Selected Market
Leaders
GoPro
Sony
LG
Canon
Qualcomm
Blackberry
Lenovo
Huawei
Samsung
Xiaomi
ZTE
Intel
Apple
Selected Applications
Osram
Hella
Siemens
General Electric
Continental
Harmann
EADS
Mobile Devices &
Substrates
Automotive,
Industrial,
Medical
Consumer
Electronic
Smartphones
Wearables
Tablets,
Ultrabooks,
2 in 1
Automotive:
Navigation,
Advanced Driver
Assistance Systems,
Infotainment..
Industrial:
Machine-2-Machine
communication,
industry computer..
Medical:
MRT, hearing aids,
pacemaker, patient
monitoring..
* based on external revenue
55%
45%

7. AT&S – Key Facts
Strong track record1 Balanced portfolio / Global customer base2
7%
Split revenue: Business Unit, Q1 2016/17
Split revenue: Customer Region, Q1 2016/17
based on sold to party
52%
27%
14%
7%
Americas
Germany/Austria
Asia
Other European
Countries
55%
45%
Mobile Devices &
Substrates
Automotive,
Industrial, Medical+5% +9% +13% +14%
* based on ramp-up effects for new plants in China
Revenue growth
€ in millions
514
542
590
667
763
194 179
103 102 127
168 168
46 1942 31 54
90 77
24
(9)
2011/12 2012/13 2013/14 2014/15 2015/16 Q1
2015/16
Q1
2016/17
Revenue EBITDA EBIT
*
6

8. Global footprint ensures proximity to supply chain
& cost efficiency
 European production facilities: high mix/low volume
 Asian production facilities: high volume/low mix
 Sales network spanning three continents
 9,165 employees*
Plant Shanghai, China
Staff: 4,556*
Plant Ansan, Korea
Staff: 286*
Plant Nanjangud, India
Staff: 1,108*
Plant Chongqing, China
under construction
Staff: 1,826*
Plant Leoben, Austria
Headquarters
Staff: 951*
Plant Fehring, Austria
Staff: 360*
AT&S sales officesAT&S plants
*Average, FTE, Q1 2016/17; 78 employees in other locations
7

9. PCB market - overview
15.654 17.146
16.203
17.543
7.676
8.084
3.638
4.3323.645
4.417
2.288
2.520
2016 2020
Computing Communication
Consumer Automotive
Industrial/Medical Military/Aerospace
4.9%
4.5%
1.3%
2.3%
2.0%
Source: Prismark, Feb. 2016
Moderate growth of 2.4% forecasted for the
total PCB market until 2020.
49.104
54.042CAAGR 2016-
2020: 2.4%
2.4%
USD in billions
8
AT&S outperformed a flat market in the past 5 years and is set to
continue to do so also in the future.
100.5 101.3 103.7 99.8
105.4
114.8
129.8
148.4
2011* 2012 2013 2014 2015
Index (2011 = 100)*
PCB & substrates market AT&S revenue
* Basis 2011:
PCB & substrates market: USD 55.4bn
AT&S revenue: € 514m
AT&S outperformed the market by scaling high-end Anylayer technology and
by leveraging HDI technology to the Computer-, Consumer-, Automotive-,
Industrial and Medical Market.

10. Company Overview
Strategy & Market
Annex
Financials
Table of Contents
9

11. 10
AT&S positioning - current
Strategic focus on high-end technologies
AT&S Revenue structure in 2015/16 - based on technologies
High-end
HDI PCBs and
IC substrates
~30%
Single-sided (SS), double-sided (DS), multilayer- (ML),
flex and rigid-flex (RF) PCBs
~70%
High-end technology share > 70%
HDI and Anylayer PCBs, Embedding
Complementary technology
share: < 30%
SS, DS, ML,
Flex, RF
Structure of general PCB market – based on technologies

12. 11
Source: Prismark, 2015; JMS 2015; NTI 2015; AT&S Strategy
Market position HDI Technology
Revenue (US$ in millions)
Rank Country Supplier HDI
Non HDI
PCBs
IC
substrates
Total
revenue
1 TWN Unimicron 738 634 758 2,130
2 TWN Compeq 624 486 - 1,110
3 AUT AT&S 557 329 - 886
4 JPN Ibiden 462 376 655 1,493
5 KOR SEMCO 392 200 970 1,562
6 USA TTM 376 1,046 - 1,422
7 TWN Zhen Ding 369 2,114 - 2,483
8 TWN Tripod 321 1,070 - 1,391
9 TWN Unitech 302 153 - 455
10 CHN Kingboard (E&E) 275 688 - 963
Market Player/Position HDI Technology

13. 12
Driving Future Trends: Internet of Things (IoT) Applications
Everything is going to be smart and/or connected
 Healthcare & Fitness
 Smart Watches and Glasses
Wearable Electronics
Smart Mobility  Autonomous Driving
 Car2X Communication
Smart City  Smart Lighting
Smart Buildings  Home/Building Automatization
 Smart Home Devices
Smart Production/Industry 4.0  Automatization/Robotics
 Machine-to-Machine Communication
Smart Healthcare  Connected Patient Monitoring Systems
 Connected Consumer Healthcare Devices
Smart Energy  Smart Metering
 Building Blocks of IoT Modules: Sensing, Connectivity, Energy Storage/Harvesting, Power Management
 30-50 billion of „Things“ will be connected in 2020
 Wearable electronic devices offer revenue opportunities of USD 61.7 billion beyond the smartphone
market in 2020
Source: Gartner Inc. 2016

14. The world is changing – miniaturization &
modularization as main drivers
2003/04 2013 2017 202x
?
Type Mobile Phone Smartphone Smartphone All in One
PCB 125x55mm 85x20mm 80x20mm 25x25 ?
FF 1 0.25 0.23 0.06 ?
L/S 100/100µm 40/40µm 30/30µm 10/10µm
Techn. 1-n-1 Anylayer mSAP – Anylayer FO/SAP/mSAP
13

15. From vision to strategy
14
Targets/Key performance
Indicators
Strategy
Strengthening technology leadership
• Leading player in the high-end core
business
• Medium-term: leading player in new
business areas
• Innovation Revenue Rate: > 20%
 Continuous innovation and focus on high-end
technologies and applications
 Focus on innovative solutions
Long term profitable growth/to be
one of the most profitable players in
the industry
• Medium-term EBITDA margin target of
18–20%
• Medium-term revenue target of
~€ 1 billion
 Focus on technologies and applications with above-
average growth potential and long-term profitability
 Focus on highest service-level and customer orientation
 Focus on operational excellence
 Focus on cash flow generation
Generation of shareholder value
• Medium term ROCE of 12%
 Sustainable development focusing on ROCE
 Stable dividend policy
Vision:
“First choice
for advanced
applications”
The best employees and
executives
• Talent Programs
• Trainings
• Leadership Excellence Programe
Sustainable management
To be the benchmark of the industry
by reduction of:
• 5% CO2 emissions p.a.
• 3% freshwater consumption p.a.
Capital Excellence
• Equity ratio: > 40%
• Financing costs of < 2% (in a
corresponding interest
environment)
• Payback period of < 3 years

16.  19.6% of AT&S‘ total revenue in 2015/16 is generated by products with new, innovative
technologies introduced to the market within the last three years (Innovation Revenue
Rate). IRR decreased due to a generation of mature products.
 162 patent families, resulting in 212 patents.
 R&D expenses: € 95.5m in the financial year 2015/16.
R&D quota (i.e. relation to revenue): 12.5% (vs. 8.7% in the previous year). Adjusted for
project IC substrates: 4.5%
32.9
24.7
31.8
57.9
95.5
2011/12 2012/13 2013/14 2014/15 2015/16
15.0
19.2
26.5
29.2
19.6
2011/12 2012/13 2013/14 2014/15 2015/16
101
124
153
174
212
2011/12 2012/13 2013/14 2014/15 2015/16
IRR (Innovation Revenue Rate)
€ in millions in % Quantity
PatentsR&D expenses
Research and development as the key for
technological leadership
15

17. „New interconnection solutions“
> supporting miniaturization and
modularization
„High-end Toolbox“
New and existing
Application Areas
New and existing
customers
 Semiconductors
 Packaging
companies (OSATS)
 Original Electronic
Manufacturers
(OEMs)
 Tier 1 suppliers
Future positioning as leading high-end
interconnection solutions provider
Mobile
Devices
Automotive
Industrial
Medical
INTERNET of
THINGS
NEW
TECHNOLOGIES
IC substrates
Advanced Packaging
Substrate-like PCBs
EXISTING
TECHNOLOGIES
Multilayer PCBs
HDI Anylayer PCBs
Embedding
Flexible PCBs
CORE BUSINESS
Multilayer PCBs,
HDI Anylayer PCBS,
Embedding,
Flexible PCBs
e- IC substrate
Advanced
Packaging /SLP
(SiB)
Advanced
Packaging / (SiP)
e- Interposer
16
„More comprehensive
positioning in the value chain“

18. 17
AT&S’ advanced technology solutions
General Description & Technology Application Areas Customer Base
High-End
(HDI) PCBs
PCBs are the interconnection platform for electric, electronic
& mechanical components (such as resistors , capacitors, IC’s,
connectors; etc.)
Density: Line/ Space > 35 micron
Computer, Consumer,
Communication, Automotive
Industrial, Medical
OEM´s
Tier 1
Tier 2
Substrate-like
PCBs
Substrate-like PCBs are the next evolution of high-end HDI
PCBs with higher density: Line/Space < 30micron
Mobile Applications like
Wearables
OEM’s
Tier 1
Tier 2

19. 18
General Description & Technology Application Areas Customer Base
IC substrates
IC substrates serve as interconnection platform with
higher density (Line/Space < 15 micron) between
semiconductors (Chips) & PCBs
High-end processors for
Computer, Communication,
Automotive, Industrial
OEM’s
Semiconductor
Industry
Embedded
Component
Packaging
(ECP®) Embedded Component Packaging allows to embed
active/passive components (e.g. wafer level dies) within the
layers of a PCB – contributes to miniaturization
Power Electronics, e.g. for
Automotive, Industrial
OEM’s
Semiconductor
Industry
AT&S’ advanced technology solutions

20. Growth Project Chongqing
IC substrate project
Investment* Phase 1: ~ € 280m
Investment* as of 30/06/2016: € 221.8m
Substrate-like PCB project
Investment*Phase 1: ~ € 200m
Investment* as of 30/06/2016: € 119.6m
19
Total investment: € 480m* in first phase (until mid 2017)
Depreciation & Amortization: average of 10 years; roughly additional € 40m in FY 2016/17
* CAPEX for tangible fixed assets

21. Q4 2015/16
(January – March 2016)
Challenge: Ramp of three production lines
within 12 months
Ramp: PRODUCTION LINE 1 - IC SUBSTRATES
Q1 2016/17
(April – June 2016)
Q2 2016/17
(July – September 2016)
Q3 2016/17
(October – December 2016)
Q4 2016/17
(January – March 2017)
Ramp: PRODUCTION LINE 1 – SUBSTRATE-LIKE PCBs
Ramp:
PRODUCTION LINE 2 - IC SUBSTRATES
FY 2015/16 FY 2016/17
20

22. 21
Company Overview
Strategy & Market
Annex
Financials
Table of Contents

23. Sound top-line growth, above industry margins
and increasing cash conversion
87
72
105
144
137
38
(12)
Revenue
Y-O-Y growth
Operating Cash Flow
Y-O-Y development
EBITDA and
EBITDA-margin
 Revenue decline in Q1 2016/17
based on normal, expected
seasonality (Q1 2015/16: no
seasonality) and expected price
pressure.
 EBITDA impacted by negative effects
from ramp-up of new plants in Chongqing.
 EBITDA margin adjusted for Chongqing
effects almost on high level of Q1 2015/16.
 Decrease is based on lower EBIT
and higher depreciation.
€ in millions
514
542
590
667
763
194 179
€ in millions
103 102
127
168 168
45
19
38*
€ in millions; %
* Adjusted for Chongqing effects
20.1% 18.9% 21.6% 25.1% 22.0% 23.4% 10.5%
25.8%* 23.7%* 23.3%* 21.9%*
22

24.  Normal seasonality in Q1 2016/17
 Continuous diversification:
> new projects for high-end computing and consumer applications for US and Japanese customers
> further strengthening of position with fast growing high-end Chinese smart phone manufacturers
> Qualified supplier for wireless providers
Business Development – Mobile Devices &
Substrates
68.0
88.7
120.9
104.5
115.9 112.2
123.4
101.0 97.7
Q1 14/15 Q2 14/15 Q3 14/15 Q4 14/15 Q1 15/16 Q2 15/16 Q3 15/16 Q4 15/16 Q1 16/17
€ in millions (unless
otherwise indicated)
Q1 2015/16 Q1 2016/17 Change in %
Revenue 138.2 120.4 (12.9%)
Revenue with external
customers 115.9 97.7 (15.6%)
EBITDA 33.3 8.7 (73.8%)
EBITDA margin 24.1% 7.3% -
€ in millions
* Revenue with external customers
Revenue per quarter*
23

25. 72.6 71.7 65.9 72.6 77.8 79.5 72.7 76.6 80.4
Q1 14/15 Q2 14/15 Q3 14/15 Q4 14/15 Q1 15/16 Q2 15/16 Q3 15/16 Q4 15/16 Q1 16/17
 Overall: good position in all technologies provided by this Business Unit, based on strategically
chosen applications
 Automotive: continuous high demand for HDI PCBs for driver assistance systems and gearbox control units
 Medical: solid growth based on new technologies and functionalities (e.g. communication modules)
 Industrial: similar level than last years quarter, development more stable than expected, new projects ramping
Business Development – Automotive, Industrial,
Medical
Revenue per quarter*
24
€ in millions (unless
otherwise indicated)
Q1 2015/16 Q1 2016/17 Change in %
Revenue 84.8 86.7 2.3%
Revenue with external
customers 77.8 80.4 3.3%
EBITDA 8.7 8.9 1.6%
EBITDA margin 10.3% 10.2% -
€ in millions
* Revenue with external customers

26. Capex & Staff
CAPEX *
CAPEX spending includes investments in
Chongqing project (whereof € 51.8m) and
technology investments in existing locations.
STAFF**
The increased headcount is based on
Chongqing.
€ in millions
* Net CAPEX
40.3
57.9
78.7 77.4
66.3
Q1 2015/16 Q2 2015/16 Q3 2015/16 Q4 2015/16 Q1 2016/17
7,341 7,403 7,399 7,379 7,339
1,049 1,152 1,289 1,380
1,826
8,390
8,555 8,688 8,759
9,165
Q1 2015/16 Q2 2015/16 Q3 2015/16 Q4 2015/16 Q1 2016/17
Core business Employees Chongqing
** incl. leased personnel, FTE, average for the period
25

27. Financials Q1 2016/17
26
Difference due to FX; interest
expense on prior year level
despite higher gross debt
€ in thousands (unless otherwise
stated)
Q1 2015/16 Q1 2016/17
Change
YoY
STATEMENT OF PROFIT OR LOSS
Revenue 194,392 178,867 (8.0%)
produced in Asia 80% 79% (1pp)
produced in Europe 20% 21% 1pp
EBITDA 45,518 18,831 (58.6%)
EBITDA margin 23.4% 10.5% (12.9pp)
EBITDA adjusted 45,243 38,084 (15.8%)
EBITDA adjusted margin 23.3% 21.9% (1.4pp)
EBIT 23,813 (9,169) (>100%)
EBIT margin 12.3% (5.1%) (17.4pp)
EBIT adjusted 25,657 19,118 (25.5%)
EBIT adjusted margin 13.2% 11.0% (2.2pp)
Finance costs – net (170) (5,718) (>100%)
Income taxes (3,993) 1,253 >100%
Profit for the period 19,650 (13,634) (>100%)
Earnings per share € 0.50 (€ 0.35) (>100%)

28. Financials Q1 2016/17
Increase from additions in
tangible and intangible assets
of € 81.4m
Equity decrease mainly due to
net loss of € 13.6m
27
Increase due to promissory
note loans of € 150.0m
Increase mainly due to CAPEX
of € 66.3m
€ in thousands (unless otherwise
stated)
31 Mar 2016 30 Jun 2016
Change
QoQ
STATEMENT OF FINANCIAL
POSITION
Non-current assets 866,338 930,772 7.4%
Current assets 478,312 557,581 16.6%
Equity 568,936 553,533 (2.7%)
Non-current liabilities 421,407 581,734 38.0%
Current liabilities 354,307 353,086 (0.3%)
Total assets 1,344,650 1,488,353 10.7%
Net debt 263,192 342,372 30.1%
Net gearing 46.3% 61.9% 15.6pp
Net working capital 88,427 99,614 12.7%
Net working capital per revenue 11.6% 13.9% 2.3pp
Equity ratio 42.3% 37.2% (5.1pp)

29. 273
299
372
405
523
651
31
82
261 274
260
309
243 217
111
131
263
342
2011/12 2012/13 2013/14 2014/15 2015/16 Q1 2016/17
Gross debt Financial assets and cash Net debt
2.3
2.1
0.9
0.8
1.6
2011/12 2012/13 2013/14 2014/15 2015/16
 Expected multiple in temporary peak of
Chongqing investments: < 3.5x
Net debt/EBITDA
Financial debt, financial assets and cash, net debt
 Based on € 309m financial assets and cash:
repayment of the bond in November 2016,
financing the start-up phase and
outstanding payments for investments of
the first phase of Chongqing are secured
€ in millions
28

30. Overview Debt Portfolio Duration
 Average debt portfolio duration: 3.5 years (2015/16: 3.9 years)
 Average financing costs: 2.6% (as of 30/06/2016)
 € 177m of credit lines not utilized (as of 30/06/2016)
 Currency mix of EUR and USD to support natural hedging strategy
29
85.0%
14.5%
0.5%
EUR USD RMB
Currency mix of debt portfolio
Maturity
€ in millions* < 1 Year 1-5 Years > 5 Years Total
Bond 2011-2016 77.8 - - 77.8
Promissory note loans 2014 0.8 61.1 5.0 66.9
Promissory note loans 2015 1.6 154.2 66.3 222.1
Promissory note loans 2016 0.3 49.9 100.0 150.2
Subsidized loans 43.9 34.9 - 78.8
Bank Borrowings and others 5.2 43.5 6.3 55.0
Total 30/06/2016 129.6 343.6 177.6 650.8
Total 31/03/2016 161.4 285.3 76.3 523.0
* including accrued interest and placement costs

31. Financials Q1 2016/17
30
Increase mainly due to
other receivables
Includes cash from
payout of promissory
note loan net of
repayment of loans
€ in thousands
Q1 2015/16 Q1 2016/17
Change
YoY
STATEMENT OF CASH FLOWS
Operating result (EBIT) 23,813 (9,169) (>100%)
Paid/received interests (362) (1,414) (>100%)
Paid taxes (2,926) (5,145) (75.8%)
Non cash bearing ofprofit or loss 24,203 24,293 0.4%
Cash flowfrom operating activities
before changes in working capital
44,728 8,565 (80.9%)
Changes in working capital (7,041) (20,363) (>100%)
Cash flowfrom operating activities 37,687 (11,798) (>100%)
Cash flowfrom investing activities (40,331) (101,527) (>100%)
Cash flowfrom financing activities 3,320 125,671 >100%
Change in cash and cash equivalents 676 12,346 >100%

32. 31
Net Working Capital Management
Net Working Capital Development - € in millions and in % of revenue
92
103
92 95
88
100
18.0%
19.0%
15.6%
14.3%
11.6%
13.9%
2011/12 2012/13 2013/14 2014/15 2015/16 Q1 2016/17
Net Working Capital development Net Working Capital % of revenue

33. AT&S - Stock Profile
Listing: Vienna Stock Exchange,
Prime Standard
Indices: ATX Prime, WBI
Thomson Reuters (A): ATSV.VI
Bloomberg (A): ATS:AV
Results for the first half-year 2016/17 03 November 2016
Results for the first three quarters 2016/17 31 January 2017
Annual results 2016/17 09 May 2017
Record Date Annual General Meeting 26 June 2017
23rd Annual General Meeting 06 July 2017
Ex-Dividend Day 25 July 2017
Record Date Dividend 26 July 2017
Dividend Payment Day 27 July 2017
32
Financial Calendar Shareholder structure
# of shares outstanding 38.85m
Avg. daily volume: 81,200 shares*
Performance ytd: -24.86%*
Dividend 2015/16: EUR 0.36/per share
Dividend yield: 2.8%
* 01/01/2016 – 30/09/2016

34. 33
Outlook FY 2016/17
 Focus on:
- Chongqing plant 1 (IC substrates): capacity utilization of first production line of IC substrates and
ramp of the second production line
- Chongqing plant 2 (Substrate-like PCBs): ramp of the first production line
- Partial adjustment of capacities for the new technology in the Shanghai plant for 2017
- Cost and price management
 AT&S expects stronger seasonality in Q4 and continuous low visibility
 Based on a macroeconomic stable environment, FX relation of USD-EUR on a similar level than FY
2015/16 and a stable demand in the core business, management expects revenue growth of 4-6%.
EBITDA margin should be on a level of 15-16%, based primary on costs related to the ramp of
Chongqing. EBITDA margin in core business should be on a similar level than in FY 2015/16.
Higher depreciation for the project Chongqing of additional ~ € 40m in FY 2016/17 will have a
clear impact on EBIT level.

35. 34
Company Overview
Strategy & Market
Annex
Financials
Table of Contents

36. AT&S Product Portfolio - I
ECP:
Embedded Component Packaging
IC substrates Substrate-like printed circuit boards
Embedded Component Packaging allows to embed
active/passive components (e.g. wafer level dies)
within the layers of a PCB – contributes to
miniaturization.
IC substrates serve as interconnection platform with
higher density (Line/Space < 15 micron) between
semiconductors (Chips) & PCBs .
Substrate-like PCBs are the next evolution of high-
end HDI PCBs with higher density: Line/Space
< 30micron.
Production site
Leoben Chongqing Chongqing, Shanghai
Applications
Devices such as smartphones, tablets, digital
cameras and hearing aids
High-end processors for
Computer, Communication, Automotive, Industrial
Mobile applications like wearables
35

37. AT&S Product Portfolio - II
HDI
any-layer printed circuit
boards
HDI microvia printed
circuit boards – high
density interconnect
Multilayer printed
circuit boards
Double-sided printed
circuit boards
IMS printed circuit
boards – insulated
metal substrate
Further technological
enhancement to HDI
microvia: All electrical
connections in HDI any-layer
boards consist of laser-drilled
microvias. Advantage:
further miniaturization, and
higher performance and
reliability. AT&S produces HDI
any-layer in 4 to 12 layers.
HDI: high
density interconnect,
meaning laser-drilled
connections (microvias).
HDI is first step
towards miniaturization.
AT&S can produce 4-layer
laser PCBs up to 6-n-6
HDI multi layer PCBs.
Found in almost every area of
industrial electronics. AT&S
produces printed circuit
boards with 4 to 28 layers, in
quantities from individual
prototypes to small batches
and mass production.
Used in all areas of
electronics.
AT&S focuses on double-
sided printed circuit boards
with thicknesses in the range
of 0.1-3.2 mm.
IMS: insulated metal
substrate. Primary function:
heat dissipation for use
mainly with LEDs and power
components.
Production site
Shanghai Shanghai, Leoben Leoben, Nanjangud, Fehring Fehring, Nanjangud Fehring
Applications
Smartphones, Tablets,
Notebooks
Mobile phones and nearly all
electronic applications
including automotive
(navigation, infotainment and
driver assistance systems)
Used in all electronic
applications including touch
panels, and in products
ranging from aircraft to
motorcycles, from storage
power plants to solar arrays
Primarily industrial and
automotive applications
Lighting industry
36

38. AT&S Product Portfolio - III
Flexible printed
circuit boards
Semi-flexible printed
circuit boards
Rigid-flex printed
circuit boards
Flexible printed circuit
boards on aluminum
AT&S patented
technologies
Used to replace
wiring and connectors,
allowing for connections
and geometries that are
not possible with rigid
printed circuit boards.
More limited bend radius
than flexible printed circuit
boards. The use of a
standard thin laminate
makes them a cost-effective
alternative.
Combine the
advantages of flexible
and rigid printed circuit
boards, yielding benefits
for signal transmission,
size and stability.
Used when installing LEDs
in car headlights, for
example, where the
printed circuit board is
bonded to an aluminium
heat sink to which the
LEDs are then attached.
Production site
Ansan, Fehring Fehring Leoben, Ansan Ansan
Applications
Nearly all areas of
electronics, including
measuring devices and
medical applications
Automotive applications Industrial electronics,
such as production
machines and industrial
robots
Lighting, automotive,
building lighting
ECP: Embedded
Component Packaging
ECP® is a patented AT&S packaging
technology used to embed
active and passive electronic
components in the inner layers
of a printed circuit board. ECP®
technology is used in
ever smaller, more efficient and
more powerful devices, such
as smartphones, tablets, digital
cameras and hearing aids.
Production site: Leoben
2.5D® Technology
Platform
Combines mechanical and
electronic miniaturization, and
enables partial reduction of the
thickness of a circuit board.
Advantage: populated assemblies
have a thinner profile.
Can be also used to
make cavities in the printed circuit
board, e.g. for acoustic
channels. Major application
for this technology is the 2.5D®
rigid-flex printed circuit board,
a lower cost alternative for flex-to
install applications.
Production sites:
Leoben, Shanghai
37

39. Management
Andreas Gerstenmayer, CEO
 Born 1965; joined AT&S as CEO in 2010
 Previous positions include:
 18 years of work experience at Siemens, including Managing Director
with Siemens Transportation Systems GmbH Austria and CEO of the
Drive Technology business unit in Graz from 2003 to 2008
 Partner at FOCUSON Business Consulting GmbH after leaving Siemens
 Education and other positions:
 Member of the Research Council of Styria
 Degree in Production Engineering from Rosenheim University of
Applied Sciences
Heinz Moitzi, COO
 Born 1956; COO since 2005; with AT&S since 19811)
 Previous positions include:
 Various management positions within AT&S
 Measurement engineer with Leoben University of Mining and
Metallurgy
 Education:
 Degree from Higher Technical College of Electrical Engineering
Karl M. Asamer, CFO  Born 1970; joined AT&S as CFO in 2014
 Previous positions include:
 Managing Director of GEKA Group in Germany
 Managing Director of Sell GmbH in Germany
 Education:
 Degree: Doctorate in business administration in Linz, Austria
1) He was already with the founding company of AT&S
 Responsibilities:
 Sales and Marketing
 Human Resources
 Investor Relations, Public Relations and
Internal Communications
 Business Development & Strategy
 Compliance
 CSR & Sustainability
 Responsibilities:
 Finance and Accounting, Treasury
 Controlling
 Legal Affairs, Risk Management and
Internal Audit
 IT and Organization
 Procurement
 Responsibilities:
 Research & Development (R&D)
 Operations
 Quality Management
 Business Process Excellence
 Environment
 Safety
38

40. Milestones in the Group’s history
1987
Founding of the Group, emerging
from several companies owned by
the Austrian State Owned
Industries
1994
Privatization and
acquisition by Messrs.
Androsch, Dörflinger, Zoidl
1999
Initial public offering on Frankfurt Stock Exchange
(„Neuer Markt“). Acquisition of Indal Electronics
Ltd., largest Indian printed circuit board plant
(Nanjangud) – today, AT&S India Private Limited
2002
Start of production at new Shanghai
facility – one of the leading HDI
production sites in the world
2010
Start of production
at plant II in India
2009
New production direction: Austrian
plants produce for high-value niches
in the automotive and industrial
segment; Shanghai focuses on the
high-end mobile devices segment
2008
AT&S change
to Vienna Stock
Exchange
2006
Acquisition of Korean
flexible printed circuit
board manufacturer,
Tofic Co. Ltd. – today,
AT&S Korea Co., Ltd.
2015
AT&S again achieves record high sales and earnings for
financial year 2014/15 and decides to increase the investment
program in Chongqing from € 350 million to € 480 million
2011
 Construction starts on new
plant in Chongqing, China
 Capacity increase in
Shanghai by 30%
2013
AT&S enters the IC substrate
market in cooperation with a
leading manufacturer of
semiconductors
2016
 AT&S receives certification for
the serial production of IC
substrates at the plant in
Chongqing
 AT&S shares are admitted to
the Austrian lead index ATX
39

41. Five core dimensions of sustainability within AT&S
Energy and
carbon footprint
Water
AT&S – a learning
organizationResources
Thinking ahead –
shaping the future
CSR gains importance in long term success
 Improving efficiency
 Motivated and qualified staff
CSR as a key to sustainable business success
The importance of sustainability is rising within:
 Authorities
(basis for securing operation licenses)
 Customers
(relevant for placing orders)
40

42. AT&S saves CO2 and Water…
Sustainability – Figures and Fields of Action
AT&S aims to minimize its
environmental footprint by
reducing the CO2 emissions
per m2 PCB attributable to
production processes by 5%
a year.
AT&S aims to reduce
the Group‘s annual
fresh water
consumption per m2
PCB by 3%.
765.2
834.7
783.9
734.0
718.6
2011/12 2012/13 2013/14 2014/15 2015/16
Freshwater consumption**
** in liters per sqm weighted PCB
1)
47.4
51.0
50.7
49.0
50.7
2011/12 2012/13 2013/14 2014/15 2015/16
CO2-Footprint*
1)
* in kg per sqm weighted PCB
1) Since 2012/13 calculation according to EICC standards;
before that AT&S internal calculation
41

43. Visit: www.ats.net; Twitter @AT&S IR_PR; YouTube AtundS
AT&S – first choice for advanced applications
IR contact:
Elke Koch
Fabriksgasse 13,
8700 Leoben/Austria
Tel: +43 3842 200 5925
Mobile: +43 676 8955 5925
Fax: +43 3842 200 15909
e.koch@ats.net
www.ats.net
42

44. Disclaimer
This presentation is provided by AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, having its headquarter at Fabriksgasse 13, 8700 Leoben, Austria
(“AT&S”), and the contents are proprietary to AT&S and for information only.
AT&S does not provide any representations or warranties with regard to this presentation or for the correctness and completeness of the statements contained therein,
and no reliance may be placed for any purpose whatsoever on the information contained in this presentation, which has not been independently verified. You are
expressly cautioned not to place undue reliance on this information.
This presentation may contain forward-looking statements which were made on the basis of the information available at the time of preparation and on management‘s
expectations and assumptions. However, such statements are by their very nature subject to known and unknown risks and uncertainties. As a result, actual
developments, results, performance or events may vary significantly from the statements contained explicitly or implicitly herein.
Neither AT&S, nor any affiliated company, or any of their directors, officers, employees, advisors or agents accept any responsibility or liability (for negligence or
otherwise) for any loss whatsoever out of the use of or otherwise in connection with this presentation. AT&S undertakes no obligation to update or revise any forward-
looking statements, whether as a result of changed assumptions or expectations, new information or future events.
This presentation does not constitute a recommendation, an offer or invitation, or solicitation of an offer, to subscribe for or purchase any securities, and neither this
presentation nor anything contained herein shall form the basis of any contract or commitment whatsoever. This presentation does not constitute any financial analysis
or financial research and may not be construed to be or form part of a prospectus. This presentation is not directed at, or intended for distribution to or use by, any
person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be
contrary to law or regulation or which would require any registration or licensing within such jurisdiction.
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