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AT&S first choice for advanced applications

“How to invest in China – successfully and sustainably”

September 2, 2015

Elke Koch, Director Investor Relations

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Largest European manufacturer for high-end PCBs

Selected Applications

Segment

1) Based on external revenue € in millions in Q1 2015/16

Mobile Devices & Substrates

Selected Market Leaders

GoPro

Sony

LG

Canon

Qualcomm

Blackberry

Lenovo

Huawei

Samsung

Xiaomi

ZTE

Intel

Apple

Automotive, Industrial, Medical

Communication Computing

Automotive: Advanced Driver Assistance Systems, lighting, thermal, sensors, safety, infotainment, powertrain

Medical: Patient monitoring, therapy (e.g.MRT), diagnostic (e.g. pace makers)

Industrial: Instrumentation & control, power solutions, lighting

Consumer Electronics

Osram

Hella

Siemens

General Electric

Continental

Harmann

EADS

Wearables

AT&S – Key Facts

Strong track record 1 Balanced portfolio / Global customer base 2

7%

€ in millions

2

Distribution revenue: Business Unit, Q1 2015/16

Distribution revenue: Customer Region, Q1 2015/16 based on sold to party

23%

6%

14%

57%

Germany/Austria

Other Europeancountries

Asia

Americas

60% 40%

Mobile Devices &Substrates

Automotive,Industrial, Medical

488 514

542 590

667

141

194

96 103 102 127

168

29 46 47 42 31 54

90

13 24

2010/11 2011/12 2012/13 2013/14 2014/15 Q12014/15

Q12015/16

Revenue EBITDA EBIT

+5% +5% +9% +13% +38%

Revenue growth

3

Global footprint ensures cost efficiency

European production facilities: high mix/low volume Asian production facilities: high volume/low mix

Sales network spanning three continents About ~8,500 employees

Plant Shanghai, China Staff: ~4,600

Plant Ansan, Korea Staff: ~300

Plant Nanjangud, India Staff: ~1,100

Plant Chongqing, China under construction Staff: ~1,100

Plant Leoben, Austria Headquarters Staff: ~ 900

Plant Fehring, Austria Staff: ~300

AT&S sales offices AT&S plants

4

Competitive position among Asian peers

Source: Prismark, August 2014; NTI CY2013; 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 682 671 795 2,148

2 TWN Compeq 538 509 - 1,047

3 AUT AT&S 530 248 - 778

4 KOR SEMCO 480 173 1,212 1,865

5 JPN Ibiden 426 - 1,080 1,506

6 USA TTM 406 962 - 1,368

7 TWN Zhen Ding 343 1,774 - 2,117

8 TWN Tripod 305 1,077 - 1,382

9 KOR DAP 279 21 - 300

10 TWN Unitech 236 304 - 540

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One of the largest Austrian Industrial Investors in China

China is AT&S’ largest and high-end PCB manufacturing base

2001

Beijing AT&S China project signed in Beijing by top leaders of China and Austria. Former Austria President and Mayor of Shanghai attend the

Groundbreaking Ceremony.

2001 Shanghai

2011 Vienna

Hu meeting up with Austrian President and Chairman of AT&S Supervisory Board

2010 Shanghai

Austrian President visited AT&S Shanghai plant

Investment Technology SHANGHAI

2000 – 2015: € 623 million

High-End

HDI multilayer & anylayer PCBs > for mobile devices & automotive

CHONGQING

2013 – mid-2017: € 480 million

IC Substrates > for high-end processors

Substrate-like PCBs > for wearables and other IoT applications

6

AT&S in China

Why is AT&S investing into China?

Close to the electronic value chain and Asian and Chinese market

Build an ecosystem to meet growing customer demand for advanced applications and high product quality

Stay competitive as high volume manufacturing and high automated/efficient in operation

Lift industrial benchmark and build a role model in product performance, service and corporate responsibility

Current investment project Chongqing

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Location: Chongqing, Central China

2 plants for 2 technologies

Total tangible investment: € 480m in first phase (until mid 2017)

Expected ramp-up: > IC Substrates: Beginning of 2016 > Substrate-like PCBs: second half 2016

Renminbi: opportunities & risks for AT&S

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RMB as major cost basis for AT&S: > assets > wages > base material

RMB is part of “natural hedging” at AT&S: > early conversion of liquid funds continuously used like RMB - at higher interest rates

Current devaluation: > positive effect on manufacturing costs > negative effect on equity translated into Euro

Bank of China is currently one of our strategic capital market partners in China and Europe: > as financing partner > as partner for investing surplus money > as main bank for operating business in China

Renminbi: opportunities & risks for AT&S

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AT&S has invested more than €800 million since 2000 and wants to further invest in China to maintain the position close to the value chain and increase its technological position

We support the goal to establish the RMB as global currency, since:

Financing the investments in local currency would be an AT&S preference

Renminbi: opportunities & risks for AT&S

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In order to do so, we do need the following preconditions: > lower cost of capital for competitive interest rates > full convertibility between all currencies > currency stability on a mid term basis > no barriers between offshore and onshore money > no cash pool restrictions between China and Europe > reduction of SAFE regulation to a minimum (IC loan financing, currency conversion, export payments …) > Elimination of withholding taxes and respect double tax treaties to avoid double taxation

Disclaimer

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