October 30, 2014 Page 1

INVESTOR PRESENTATIONQ3-2014 RESULTS

OCTOBER 30, 2014

October 30, 2014 Page 2

Safe Harbor Statement

This presentation contains statements about management's future expectations, plans and prospects of our business thatconstitute forward-looking statements, which are found in various places throughout the press release, including , but notlimited to, statements relating to expectations of orders, net sales, product shipments, backlog, expenses, timing ofpurchases of assembly equipment by customers, gross margins, operating results and capital expenditures. The use ofwords such as “anticipate”, “estimate”, “expect”, “can”, “intend”, “believes”, “may”, “plan”, “predict”, “project”, “forecast”,“will”, “would”, and similar expressions are intended to identify forward looking statements, although not all forward lookingstatements contain these identifying words. The financial guidance set forth under the heading “Outlook” constitutes forwardlooking statements. While these forward looking statements represent our judgments and expectations concerning thedevelopment of our business, a number of risks, uncertainties and other important factors could cause actual developmentsand results to differ materially from those contained in forward looking statements, including the discovery of weaknesses inour internal controls and procedures, our inability to maintain continued demand for our products; the impact on ourbusiness of potential disruptions to European economies from euro zone sovereign credit issues; failure of anticipatedorders to materialize or postponement or cancellation of orders, generally without charges; the volatility in the demand forsemiconductors and our products and services; failure to adequately decrease costs and expenses as revenues decline,loss of significant customers, lengthening of the sales cycle, incurring additional restructuring charges in the future, acts ofterrorism and violence; inability to forecast demand and inventory levels for our products, the integrity of product pricing andprotect our intellectual property in foreign jurisdictions; risks, such as changes in trade regulations, currency fluctuations,political instability and war, associated with substantial foreign customers, suppliers and foreign manufacturing operations;potential instability in foreign capital markets; the risk of failure to successfully manage our diverse operations; thoseadditional risk factors set forth in Besi's annual report for the year ended December 31, 2013 and other key factors thatcould adversely affect our businesses and financial performance contained in our filings and reports, including our statutoryconsolidated statements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter ourforward-looking statements whether as a result of new information, future events or otherwise.

October 30, 2014 Page 3

Table of Contents

I. Key Highlights

II. Financial Review

III. Strategic Highlights

IV. Outlook

V. Summary

October 30, 2014 Page 4

I. KEY HIGHLIGHTS

I. KEY HIGHLIGHTS

October 30, 2014 Page 5

Key Financial Highlights Q3 and YTD-14

• € 103.5 million :• -10.9% vs. Q2-14• +58.3% vs. Q3-13

Revenue

• € 90.9 million :• -26.8% vs. Q2-14• +88.7% vs. Q3-13

Orders

• € 21.5 million vs. € 22.9 million in Q2-14 and € 4.4 million in Q3-13

Net Income

• Net cash of € 86.1 million• +€ 23.6 million vs. Q2-14 • Debt of € 19.3 million

Liquidity

Besi Posts Strong Q3-14 and Nine Month Results. Q3-1 4 Profit Exceeds Expectations

• € 289.8 million :• +43.5% vs. 2013

Revenue

• € 326.2 million :• +67.5% vs. 2013

Orders

• € 51.4 million vs. € 14.7 million in 2013

Net Income

• Net cash +€ 30.1 million

Liquidity

Q3-14 YTD-14

October 30, 2014 Page 6

€ 201.9

€ 289.8

7.3%

17.7%

5%

9%

13%

17%

21%

25%

29%

33%

37%

41%

45%

49%

53%

57%

61%

65%

69%

73%

€ 0

€ 25

€ 50

€ 75

€ 100

€ 125

€ 150

€ 175

€ 200

€ 225

€ 250

€ 275

€ 300

2013 YTD 2014 YTD

Net

mar

gin

%

€m

illio

ns

Revenue Net Margin

Gross Margin

OPEX

Headcount

Effective Tax Rate

€ 65.4

€ 103.5

6.8%

20.8%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

55%

60%

65%

70%

75%

80%

85%

90%

95%

€ 0

€ 25

€ 50

€ 75

€ 100

Q3 2013 Q3 2014

Net

mar

gin

%

€m

illio

ns

Revenue Net Margin

Gross Margin

OPEX

Headcount

Effective Tax Rate

Revenue Growth and Operating Leverage Yield Increased Profitability in 2014

15.5% 10.2%

1,493 1,649

€ 20.1 MM

€ 23.0 MM

+10.5%

-5.3 points

+14.2%

39.2% 45.3%

+58.3%

+14.0%

20.4% 10.0%

1,493 1,649

€ 62.1 MM

€ 69.1 MM

+10.5%

-10.4 points

+11.3%

39.8% 43.8%+4.0 points

+43.5%

+10.4%

Q3-14/Q3-13 YTD-14/YTD-13

+6.1 points

€ 4.4

€ 21.5

€ 14.7

€ 51.4

October 30, 2014 Page 7

II. FINANCIAL REVIEW

October 30, 2014 Page 8

Revenue/Order Trends

Q3-14 vs. Q2-14• Revenue: € 103.5 million (-10.9%)

• Seasonal downturn at much higher base line than 2013. Within guidance (-10-15%)

• Lower multi module, flip chip and epoxy die bonding systems for smart phones

• Partial offset: higher packaging and plating

• Orders: € 90.9 million (-26.8%)• Lower orders by Asian subcontractors for die

bonding and molding systems• Partial offset: soft solder and TCB die bonding

orders• +€ 8.1 million (+13.5%) IDMs• -€ 41.4 million (-64.5%) subcontractors

Q3-14 vs. Q3-13• Revenue: +€ 38.1 million (+58.3%)

• Primarily multi module and epoxy die bonding and ultra thin molding systems for smart phones and automotive electronics

• Orders: +€ 42.7 million (+88.7%)

YTD-14 vs. YTD-13• Revenue: +€ 87.9 million (+43.5%)

• Broad based across portfolio• Orders: +€ 131.5 million (+67.5%)

Quarterly Trends

Year to Date Trends

64.0 72.4

65.4 53.1

70.0

116.2 103.5

63.9

82.7

48.2 57.2

111.1

124.2

90.9

0

20

40

60

80

100

120

140

Q1-2013 Q2-2013 Q3-2013 Q4-2013 Q1-2014 Q2-2014 Q3-2014

(eur

o in

mill

ions

)

Revenue Orders

201.9

289.8

194.7

326.2

0

50

100

150

200

250

300

350

2013 2014

(eur

o in

mill

ions

)

Revenue Orders

October 30, 2014 Page 9

64.0 72.4

65.4 53.1

70.0

116.2 103.5

39.6% 40.4%39.2% 40.1%

42.3% 43.2%45.3%

15%

20%

25%

30%

35%

40%

45%

50%

0

20

40

60

80

100

120

140

160

Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14

(eur

o in

mill

ions

)

Revenue Gross Margin

Gross Margin Trends

Q3-14 vs. Q2-14• 45.3% vs. 43.2%• Better than guidance (42-44%)

• Favorable product mix• Lower inventory provisions• Absence of restructuring charges• Lower euro vs. USD

Q3-14 vs. Q3-13 • 45.3% vs. 39.2%

• 58.3% revenue increase• Increased efficiencies:

• Labor• Production overhead• Freight• Materials costs

• Lower provisions• Lower euro vs. USD

YTD-14 vs. YTD-13 • 43.8% vs. 39.8%

Quarterly Trends

201.9

289.8

39.8%

43.8%

30%

35%

40%

45%

50%

55%

60%

0

50

100

150

200

250

300

2013 2014

(eur

o in

mill

ions

)

Revenue Gross MarginYear to Date Trends

October 30, 2014 Page 10

Operating Expense Trends

Q3-14 vs. Q2-14• € 1.6 million lower opex (-6.5%)

• € 0.8 million: absence of restructuring charges• € 0.9 million lower share based compensation• € 0.3 million lower warranty expense/lower

shipments

Q3-14 vs. Q3-13• € 2.9 million higher opex (+14.2%)

• Increased personnel, warranty and commission costs related to higher sales

• € 0.8 million higher amortization of cap. development costs

YTD-14 vs. YTD-13• € 7.0 million higher opex (+11.3%)

• +€ 3.7 million personnel costs • +€ 2.4 million warranty costs • +€ 2.1 million share based comp• -€ 0.6 million G&A ex share based comp

Quarterly Trends

14.1 13.7 14.2 13.1 15.2 17.2 15.5

6.8 6.7 5.9 5.2

6.1 6.6

7.50.2 0.6 0.0 2.2

0.2

0.8 0.021.1 21.0 20.1 20.5 21.5

24.6 23.0

0

5

10

15

20

25

30

Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14

(eur

o in

mill

ions

)

Restructuring/Other R&D SG&A

42.0 48.0

19.3 20.2

0.8 1.0 62.1

69.1

0

20

40

60

80

2013 2014

(eur

o in

mill

ions

)

Restructuring/Other R&D SG&A

Year to Date Trends

October 30, 2014 Page 11

Workforce Trends

• Workforce has become more scalable and flexible

• 2014 revenue ramp achieved using primarily Asian production temps

• Reducing HC in H2-14 with seasonal slowdown

• European/US fixed HC levels have reduced • -3.0% Q3-14/Q3-13

1,510 1,543 1,479 1,434 1,462 1,507 1,506

194 64 60

24 107

165 143

1,704 1,607

1,539 1,458

1,569 1,672 1,649

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

-

500

1,000

1,500

2,000

2,500

2010 2011 2012 2013 Q1 14 Q2 14 Q3 14

Tem

p %

of T

otal

Hea

dcou

nt

Fixed Temp Temp % of Total

October 30, 2014 Page 12

Net Income Trends

• Quarterly net income trends reflect industry and seasonal volatility

• Net margins of 20.8% in Q3-14

• Profit growth aided by significant leverage in operating model• Quarterly opex have ranged between

€ 20-25 million over past 11 quarters• € 23.0 million in Q3-14

• Significant reduction in effective tax rate has also helped• Declined from 20.4% to 10.0% YTD

Quarterly Trends

3.8

6.5 4.4 1.4

7.0

22.9

21.5

5.9%9.0% 6.8%

2.7%

10.0%

19.7%20.8%

-1.0%

4.0%

9.0%

14.0%

19.0%

24.0%

0

4

8

12

16

20

24

28

Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14

(eur

o in

mill

ions

)

Net Income Net Margin

14.7

51.4

7.3%

17.7%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

20.0%

0

10

20

30

40

50

60

2013 2014

(eur

o in

mill

ions

)

Net Income Net Margin

Year to Date Trends

October 30, 2014 Page 13

Liquidity Trends

Q3-14 vs. Q2-14• Net cash +€ 23.6 million to € 86.1 million• Cash dividends of € 12.4 million in Q2-14

Q3-14/Q2-14 Cash Movements

Sources of cash• € 26.7 million cash from operations

Principal uses of cash• -€ 2.2 million debt payments• -€ 2.0 million capitalized R&D• -€ 1.6 million capex

Q3-14 vs. Q3-13• Net cash +€ 30.1 million primarily due to

increased profit generation

Quarterly Trends

91.9

81.1 78.5

89.6 91.9

83.8

105.4

27.7 24.9

22.5 18.6 19.1

21.3 19.3

64.2

56.2 56.0

71.0 72.8

62.5

86.1

0

20

40

60

80

100

120

Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14

(eur

o in

mill

ions

)

Cash Debt Net Cash

October 30, 2014 Page 14

III. STRATEGIC HIGHLIGHTS

October 30, 2014 Page 15

147.9

351.1 326.9

273.7 254.9

201.9

289.8

-1.0%

137.4%

-6.9%-16.3%

-6.9%

43.5%

-50%

0%

50%

100%

150%

-

100.0

200.0

300.0

400.0

2009 2010 2011 2012 2013 YTD 2013 YTD 2014

(€m

illio

ns)

Besi RevenueRevenue YoY Growth Rate

Assembly Equipment Market Trends

* Source: VLSI Oct 2014

2.1

4.7 4.3

3.9

3.0 3.5

3.7

-27.1%

124.0%

-7.7% -9.6%-23.1%

16.2%5.0%

-50%

0%

50%

100%

150%

-

1.0

2.0

3.0

4.0

5.0

2009 2010 2011 2012 2013 2014E 2015E

(US

$ bi

llion

s)

Assembly Equipment*

Market Size YoY Growth Rate

• VLSI forecasts renewed growth of assembly market in 2014 and 2015• Besi revenue growth exceeding assembly market in 5 of past 6 years

October 30, 2014 Page 16

Mar10

Jun10

Sept10

Dec10

Mar11

Jun11

Sept11

Dec11

Mar12

Jun12

Sept12

Dec12

Mar13

Jun13

Sept13

Dec13

Mar14

Jun14

Sept14

Total Equipment 1.21 1.18 1.03 0.90 0.95 0.94 0.71 0.85 1.12 0.93 0.78 0.92 1.11 1.10 0.97 1.02 1.06 1.10 0.94

Assembly Market 1.51 1.35 0.81 0.86 1.01 0.92 0.81 1.02 1.28 1.11 0.53 0.92 1.08 1.26 0.68 1.06 1.25 1.25 0.69

1.21

0.901.12

0.78

1.060.94

1.51

0.81

1.28

0.53

1.26

0.68

1.25

0.69

0.50

0.75

1.00

1.25

1.50

1.75

2010-2014 Quarterly Book to Bill Ratio

• Besi order trends highly correlated to assembly equipment industry• Strong industry growth in H1 followed by weaker H2 has been the trend• 2014 is no exception

Source: Semi October 2014

Assembly Market

Total Semi Equipment

October 30, 2014 Page 17

New Smart Phone Designs Increase Addressable Market Potential

• Besi systems can assemble 50% of iPhone 4s components and 70% of iPhone 6 components

- NewMain Components iPhone4s iPhone6 Manufacturer IDM/OSAT Besi system UtilizedProcessor X X Apple TSMC ->Amkor/Stats/ASE 8800FCQ, AMS-W/LM

DRAM Memory X X Hynix/Micron Hynix/Micron 2100sD, FSL

NAND Flash X X Hynix/Toshiba Hynix/Amkor/Toshiba 8800FCQ, AMS-W/LM

Power ManagementApple PM IC X Dialog Dialog 2100sD

PMIC X X Qualcomm N/A

M3 Microcontroller X NXP Amkor/NXP 8800FCQ, AMS-W/LM

Accelerometer/Gyroscope/BarometricGyroscope X X Invensense Amkor/ASE/STM 2100xP, 2100sD, AMS-W/LM, FCL

3-ax accelerometer X Bosch Bosch evo

barometric sensor X Bosch Bosch evo

Communications iPhone4s iPhone6 Manufacturer IDM/OSAT Besi system Utilized

Wifi/NFCWifi module X X Murata Murata Murata's equipment

NFC X NXP Amkor 8800FCQ, AMS-W/LM

NFC Booster IC X AMS Daca N/A

LTE

LTE Modem X Qualcomm Amkor/Stats/Spil/ASE 8800FCQ, AMS-W/LM

Low Band LTE PAD X Skyworks Skyworks 2200evo, FSL

Mid Band PAD X Skyworks Skyworks 2200evo, FSL

High Band PAD X Avago ASE/Amkor 2100xP, 2100sD, AMS-W/LM

Receiver/TransceiverRF Transceiver X X Qualcomm Amkor 2100xP, 2100sD, AMS-W/LM

RF Receiver X X Qualcomm N/A

Envelop Tracking IC X Qualcomm TSMC ->Amkor/Stats/ASE 8800FCQ, AMS-W/LM

Antenna Switch X X RFMD Amkor/ASE,/RFMD 2100xP, 2100sD

PA

PA X X Avago ASE/Amkor 2100xP, 2100sD, AMS-W/LM

PA Module X Triquint ASE 2200evo, 2100sD

Video/Audio iPhone4s iPhone6 Manufacturer IDM/OSAT Besi system Utilized

CameraBack side 8M (OSI) X X Apple LG, Sharp, Mitsumi 2200evo

Front 1.2M X X Apple Cowell, Sony 2200evo

Finger print sensor X Apple ASE 2200evo

Audio

2+4 microphones X ST ST 2100 xp

Audio Codec X X Cirrus Logic Amkor 2100xP, 2100sD, AMS-W/LM

Touch screen control

Touch screen control X X Broadcom Signetics 2100sD

Touch Transmitter X TI TI FCL

October 30, 2014 Page 18

Strategic Agenda

Operational Objectives

Expansion of Asian supply chain. System module outsourcing

Die attach integration activities

Development Objectives

Advanced TCB die bonding development

Introduction of next generation die attach and wafer molding systems

Common platform/parts activities

2013 2014 2015

October 30, 2014 Page 19

IV. OUTLOOK

October 30, 2014 Page 20

Q4-14 Guidance

Revenue Gross Margin* Operating Expenses* Capex

Q3 Q4 Q3 Q4 Q3 Q4 Q3 Q4

€ 103.5 45.3% € 23.0 € 1.6

42%-

44%

Down12-18%

Up€ 0.6 MM

* Excluding restructuring

• Revenue up 65-70% above Q4-13. Down 12-18% vs. Q3-14• Besi business is stronger than prior years despite typical H2 seasonal downturn• Gross margins of 42-44% as lower revenue and mix affect levels vs. particularly

strong Q3• Opex up 5-10% vs. Q3-14• Capex of € 2.2 million

Up5-10%

October 30, 2014 Page 21

V. SUMMARY

V. SUMMARY

October 30, 2014 Page 22

Summary

Q3-14 Results Exceed Profit Expectations

Gaining Share in Advanced Packaging

Applications

Strategic Execution Has Greatly

Increased Efficiency and Margins

Strong Q4-14 and 2014 Anticipated

Seasonality and Quarterly Volatility

Continue

Ongoing Operating Initiatives to

Increase Profitability

October 30, 2014 Page 23

Financial Calendar

30-Oct-14 2014 Third Quarter Results

19/20-Nov-14 Morgan Stanley TMT Conference, Barcelona, Spain

20-Nov-14 ABN AMRO US Conference 2014, New York, USA