M c I n t i r e I n v e s t m e n t I n s t i t u t e1

MCINTIRE INVESTMENT INSTITUTEAT THE UNIVERSITY OF VIRGINIA

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KLIC Supports the Global Semiconductor Supply Chain

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KLIC is the Established Leader in Wire Bonding

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KLIC Has a History of Success

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KLIC Offers a Complete Array of Assembly Products

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KLIC Possesses an Asymmetrical Technological Advantage

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KLIC Extends a Global Reach

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KLIC Maintains a Low Cost, Lean Manufacturing Strategy

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KLIC Is the Automatic Wire Bonder Market Share Leader

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KLIC is a Compelling Long

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Wire Bonding Market Trends Remain Favorable

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Wire Bonding Is Still Competitive with Flip Chip

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KLIC Lacks Recognition Among Investors

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KLIC is Attractively Valued Relative to Earnings and Cash

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KLIC is Priced for Secular Decline

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Investors Fear that KLIC will Misallocate Capital

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Shareholder Activism Can Unlock KLIC’s Value

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Antecedents to Shareholder Activism Parallel OfficeMax

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Risks Could Derail Investment Theses

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MII Should Initiate a Long Position in KLIC

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Appendix: KLIC’s Top 10 Customers*

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Appendix: KLIC Has Delivered Strong Gross Margins

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Appendix: KLIC Has Delivered Strong EBIT Margins

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Appendix: KLIC R&D, CapEx, and FCF

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