Verigy a Premier Semiconductor Test Company

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1 Verigy a Premier Semiconductor Test Company

2 Safe Harbor Statement This webcast or presentation contains certain forward-looking statements within the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act of These forward-looking statements are based on current information and expectations, and involve a number of risks and uncertainties. Actual results may differ materially from those projected in such statements due to various factors, including but not limited to: unforeseen changes in demand for semiconductors and thus for our semiconductor test solutions; our dependence on independent contract manufacturers and sole source suppliers; changes in key customer relationships; and new product introductions by our competitors and/or technological changes that may render our test solutions less competitive. These and other factors that may cause actual results to differ from those projected are discussed in our most recent SEC filings. Verigy assumes no obligation to update the information in this presentation. Page 2 Verigy Restricted

3 Verigy: A Premier Semiconductor Test Company Advanced Test Solutions and Yield Improvement System-on-chip (SOC), high-speed memory (HSM), Flash memory, DRAM and advanced analysis tools Scalable Platform Strategy Design validation, characterization and high-volume manufacturing Maximizes customer investment/flexibility and provides overall lowest cost of test Broad Customer Base IDMs, Fabless companies and OSATs Growth Markets Highly-integrated RF, consumer mixed-signal, high-speed memory, DRAM, advanced structural test and yield improvement, and Flash memory Page 3 Verigy Restricted

4 Our Business is Semiconductor Test System on Chip (SOC): System in Package (SIP) High Speed Memory GDDR3/4/5 XDR1/2 DDR2/DDR3 V93000 Platform Memory: MultiChip Package (MCP) DRAM NAND & NOR Flash Wafer Sort / Final Test V5000/V6000 Platforms Page 4 Verigy Restricted

5 Why Verigy? Delivering Value Through a Single Scalable Architecture Page 5 Verigy Restricted

6 Single Platform vs. Multiple Point Solutions V93000 V T2000 T5383 T T6535A 668X DFT 667X RFIC T5782 Tiger Ultra FLEX Integra FLEX J750 D750Ex Magnum Magnum II Maverick Catalyst Ultra FLEX HD Micro FLEX J750Ex IP750 Ex Eagle Test ETS 600 Eagle Test ETS 300 Eagle Test ETS 200 ASL-1000 Gemini MS Fusion CX Fusion HFi ASL-3000RF Fusion LX Diamond 10/40 Fusion EX Fusion MX Sapphire

7 Total System-on-Chip (SOC) ATE Market Verigy s V93000 Scalable Platform Proven Lifetime Cost of Ownership Leader Broadest Applications Portfolio of any System Common Hardware/Software/Interface CAGR TAM ,592 1,726 22% Source: Gartner Dataquest, March 2009

8 Highly-Integrated RF ATE Market CAGR TAM % CY 08 Market Share Highly-integrated RF: 44% Overall RF: 35% Source: Gartner Dataquest, March 2009

9 Total Memory ATE Market Segmentation by Flash, HSM and DRAM CAGR FLASH % HSM % DRAM Core % DRAM W/S % TOTAL ,223 1,365 53% Source: VLSI Research (Feb 2009)

10 Overall ATE Market Share CY 2007 vs. CY 2008 Other 11% LTX-Credence 11% Verigy 17% Teradyne* 23% Other 11% LTX-Credence 7% Verigy 20% Teradyne* 34% Advantest 37% Advantest 28% * Nextest and EagleTest included in Teradyne market share data Source: VLSI Research (Apr 2009)

11 SOC ATE Market Share CY 2007 vs. CY 2008 Other 11% LTX-Credence 19% Verigy 18% Advantest 17% Teradyne 35% Other 8% LTX-Credence 10% Advantest 20% Verigy 21% Teradyne* 41% *Nextest and EagleTest included in Teradyne market share data **Verigy market share data excludes HSM Source: VLSI Research (Apr 2009)

12 Memory ATE Market Share CY 2007 vs. CY 2008 Other 2% Verigy 17% Nextest* 5% Other 4% Verigy 16% Teradyne* 11% Yokogawa 11% Advantest 65% Yokogawa 17% Advantest 52% * Nextest was acquired by Teradyne in 12/2007 *Nextest included in Teradyne market share data ** Verigy market share data includes HSM Source: VLSI Research April 2009

13 THE BEST 2009 CHIP MAKING EQUIPMENT SUPPLIERS BY MARKET SEGMENT The Best Test Equipment Suppliers Rating Verigy Teradyne Advantest LTX-Credence

14 2009 TEN BEST CHIP MAKING EQUIPMENT SUPPLIERS Rank Large Suppliers of Chip Making Equipment Rating Varian Semiconductor Novellus ASML Verigy Tokyo Electron Lam Research Teradyne Nikon Dainippon Screen Advantest

15 Frost & Sullivan 2009 ATE PRODUCT INNOVATION OF THE YEAR AWARD Presented annually to the company that has demonstrated excellence in new products and technologies Selected Verigy s V6000 Flash/DRAM platform for its versatility and scalability to test NAND, NOR, DRAM and MCP devices NAND, NOR, DRAM and MCP devices Engineering, wafer sort and final test Four times the parallelism at half the cost per pin One-touchdown probing "The V6000 WS 'Wafer Sort' memory test system offers low cost of test (COT) and provides high parallelism, 300mm one touch-down DRAM, NOR and NAND test, and good scalability performance. The V6000 FT 'Final Test' is a unique platform architecture that offers memory test capability in the fields of DRAM, flash, and multi-chip packaged device." -- Sujan Sami, Industry Manager, Frost & Sullivan

16 Financial Highlights

17 Q2 09: We re Seeing Some Signs of Life Second Quarter Revenue of $71M and Net Loss of ($0.52) Per Share Revenue in-line with our expectations and a sequential increase of 4% Non-GAAP net loss was ($0.44) compared to ($0.70) last quarter Bookings of More Than Twice the Level in Q1 Orders were $83 million compared to $38 million last quarter Book-to-bill of 1.17 represented the highest book-to-bill ratio among semi test peers Increased Demand Shows Some Signs of Life Order activity driven by RF, baseband, computer chips, and high-end digital consumer devices. SOC revenue increased 58% sequentially to $38 million Improved Backlog from a Low in Q1 Backlog increased to $84 at quarter-end from a low of $69 million Over 70% will ship or revenue within six months Page 17 Verigy Restricted

18 P&L Highlights Q2 09 Q1 09 Q2 08 Orders $83M $38M $177M Revenue $71M $68M $162M Book-to-Bill Gross Margin % 31% 13% 48% Gross Margin % (non-gaap) 34% 16% 47% Op Margin % (39%) (75%) 9% Op Margin % (non-gaap) (34%) (62%) 8% EPS ($0.52) ($1.09) $0.23 EPS (non-gaap) ($0.44) ($0.70) $0.22 Page 18 Verigy Restricted

19 Balance Sheet Highlights Q2 09 Q1 09 Q2 08 Cash & Marketable Securities $318M $356M $454M Accounts Receivable $44M $32M $90M DSO 56 days 42 days 50 days Inventory $61M $69M $81M Inventory Days 125 days 124 days 88 days Total Assets $572M $613M $819M Cap Ex $1M $2M $2M Depreciation $4M $4M $4M Page 19 Verigy Restricted

20 Quarterly Revenue by Business Memory $ $ $ $ $ $ $ $202 $183 $ $204 $209 $ $ $ $ $ $ SOC S&S Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY 05 FY 06 FY 07 FY 08 FY 09 Page 20 Verigy Restricted

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