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ASM Technologies Ltd.

BSE: 526433 Sector: IT
NSE: N.A. ISIN Code: INE867C01010
BSE 00:00 | 06 Dec 527.25 -10.00
(-1.86%)
OPEN

543.00

HIGH

543.00

LOW

525.15

NSE 05:30 | 01 Jan ASM Technologies Ltd
OPEN 543.00
PREVIOUS CLOSE 537.25
VOLUME 1685
52-Week high 810.51
52-Week low 259.94
P/E 39.06
Mkt Cap.(Rs cr) 527
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 543.00
CLOSE 537.25
VOLUME 1685
52-Week high 810.51
52-Week low 259.94
P/E 39.06
Mkt Cap.(Rs cr) 527
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

ASM Technologies Ltd. (ASMTECHNOLOGIES) - Chairman Speech

Company chairman speech

Dear Fellow Shareholder

2020 was a year of great strife challenges and worries. The COVID-19 pandemicdisrupted lives and businesses shook up supply chains and upended human society. As wecontinue to grapple with the crisis our thoughts and prayers remain with thoseindividuals families and communities most affected by the Pandemic.

Our company was not immune to these challenges. Like thousands of firms worldwide wealso experienced the pandemic's health economic and business repercussions.

Our leadership and management made sure that our customers' business continuity wasnever affected. To this end they efficiently managed our transition to a work-from-homemodel ensuring zero impact on deliverables or customer relationships. Our existingBusiness Continuity Plan (BCP) enabled us to meet these goals smoothly and painlessly.Following national lockdowns in early 2020 some of our manufacturing facilities had to beshut down partially or fully.This affected our production but we successfully made up formost shortfalls in the subsequent months.

Adapting to the New Normal

Collectively we adapted to the post-pandemic "new normal" with newerbusiness models a more pragmatic world view and a keener appreciation for human grit andresilience. Every employee and partner is part of the ASM family it's always beenpeoplefirst profits later. Over the past year the ties binding us have strengthenedandtogether we have discovered ways to grow progress and prepare for future successes.

In the new unprecedented environment of the post-pandemic world we are focusing onopportunities not challenges. We have also renewed our commitment to generate greatervalue for stakeholders. Our original mission to deliver engineering innovation is a bigpart of this pledge and has enabled usto outperform our expectations with respect toachievements accolades and goals.

We're especially proud of these recent accomplishments:

• CII Award: RV Forms & Gears one of our group companies won the prestigiousConfederation of Indian Industry (CII) Industrial Innovation Award 2020 under the"Top 25 Most Innovative Companies" category for its SmartFix 4.0 solution

• Acquisition: We acquired the Semcon AB's India delivery centre. ASM DigitalEngineering Pvt Ltd (Formerly Known as Semcon India Pvt Ltd) expandour delivery expertisein engineering services with particular focus on automotive and Digital Engineering. Thisacquisition has given access to marquee customers in Northern and Central Europe.

Key highlights for the year 2020-21

• ASM Ventures: We are makingkey strategic investments in several emergingtechnology companies while co-creating innovative new products in future-focused areaslike Cloud forefront of cutting-edge technologies.and allow us to take advantage of thehuge growth potential in these areas.

Some of our strategic investments are:

• Lavelle Networks: Leading provider of SD-WAN solutions

• RV Forms and Gears: Pioneer in Design Led manufacturing for working holdinglloT Industry 4.0 Special Purpose Machines Manufacturing Engineering.

• Polylogyx Inc: Endpoint detection and response. Polylogyx was acquired byEclectic 10 (https://www.eclecticiq.com/).

• Semcon India Pvt Ltd (now known as ASM Digital Engineering Pvt Ltd) specialisingin Digital Engineering Vehicle Engineering Value Engineering with marquee customers inEurope.

* BARO Vehicles Ltd: Intelligent robots and autonomous vehicles.

• Kogence Inc.: Cloud-native workflow orchestration engine for engineeringmodelling and simulation workflows.

- Our revenues have grown by 35. 04 % a high over 2019-20 to hit a high of 1132.17 Mn.and a digital revenue of Rs. 261.55 Mn (23.10%) for the year 2020-21.

Looking back on the year I'm more proud of our performance and achievements than I canever express. I'm also excited about what the future has in store for us. Our acquisitionexpansion and patent applications are all geared towards the goal of bringing the mostinnovativeofferings to our esteemed customers.

New Initiatives for 2021 and Beyond

We're particularly excited by these new initiatives in the pipeline: EngineeringServices

In the current era digital transformation is a key business imperative across manyindustries. This has increased the demand for Semiconductors & Electronics.Semiconductor Engineering and Electronics Engineering continue to be focus areas for ASM.

ASM will continued to focus on customer acquisition in the Semiconductor EngineeringVehicle Engineering Automotive Industrials and Electronics sectors. This sector hasseen sustained demand and will continue to scale in these sectors. We will continue toincrease our presence in Product Development and Design led Manufacturing to theseverticals.

In the area of automotive engineering the increasing demand for new mobilitysolutionslike autonomous vehicles have also opened up huge opportunities which we plan to explorein the near future.

Digital Engineering and Product R&D

ASM expects to be at the forefront of these developments helping companies to rapidlydigitise and grow at scale. We're already using these technologies for our current ProductR&D customers in the areas of wireless networking cybersecurity and expanding tolloT AI/ML Edge Computing and Intelligent Automation

In the near future we will be offering "Compromise Assessment" as a ManagedService to further expand our service portfolio.

Increased Focus on Design-Led Manufacturing

ASM will continue to focus on highly-engineered complex medium-volume Design ledmanufacturing. We will continue to innovate in our design to create high-quality productsserving a diverse customer base and use cases. Our goal is to combine the benefits ofSoftware systems engineering advanced processes product development testing andevaluation to meet previously-unmet needs with precision highly-customised products.

ASM is also leading the way with digitisation in Manufacturing Engineering with ourSmartFix 4.0 solution across various industry verticals including Automotive IndustrialsElectronics and Semiconductors.

Future prospects

We plan to focus more of our energies and attention on increasing our revenues fromdigital initiatives. We will be developing our digital competencies to expand ourofferings for both existing and new customers.

Our plans to expand into other geographies in Asia and Europe particularly Japan andthe UK are also on track.

The COVID-19 pandemic has reinforced the importance of community and empathy- qualitiesthat only human beings can bring to our beleaguered planet. As we shift our goalposts andaim for newer more ambitious goals in a post-COVID world we trust that you ourshareholders vendor partners and customers will continue to support and encourage us.Asalways we're grateful for your faith in our capabilities and your trust in our brand.

On behalf of the company management and leadership I take this opportunity to thank:

• Our esteemed customers stakeholders vendors business partners advisors andconsultants for their support

• Employees for their valuable contributions sustained efforts and dedicatedspirit

• State Bank of India Incube Branch HSBC Bank Limited ICICI Limited

Bangalore Indian Bank Singapore HSBD Bank New York USA and First Federal BankOhio USA for support

• Central and State Government Customs Reserve Bank of India SoftwareTechnology Parks (STPI) and NASSCOM for their guidance.

Place: Bangalore Rabindra Srikantan
Date: 26.05.2021 Managing Director

.