Equity Story

AT&S – a world leading high-tech PCB company

Sustainable Profitability

• One of the most profitable players in the industry: above industry EBITDA margins
• Strong cash flow generation
• Proven long term successful financial track record

Long Term Attractive Growth

• Megatrend-driven markets with attractive growth potential
• Entering a new high-end business segment by 2016

Compelling Cost Advantages

• Strong Asian production footprint with focus on high volume/low mix
• European footprint: high mix/low volume
• Operational excellence: Outstanding process know-how, productivity and efficiency

Unique Market Position

• Pure high-end segment play
• Technology & quality leader
• Largest European PCB producer
• Partner of choice for blue chip customer base
• Balanced industry portfolio