October 31, 2013

INVESTOR PRESENTATION

Q3-2013 RESULTS

October 31, 2013

SAFE HARBOR STATEMENT

This presentation contains statements about management's future expectations, plans and prospects of our business that

constitute forward-looking statements, which are found in various places throughout the press release, including , but not

limited to, statements relating to expectations of orders, net sales, product shipments, backlog, expenses, timing of

purchases of assembly equipment by customers, gross margins, operating results and capital expenditures. The use of

words 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 looking

statements contain these identifying words. The financial guidance set forth under the heading “Outlook” constitutes forward

looking statements. While these forward looking statements represent our judgments and expectations concerning the

development of our business, a number of risks, uncertainties and other important factors could cause actual developments

and results to differ materially from those contained in forward looking statements, including the discovery of weaknesses in

our internal controls and procedures, our inability to maintain continued demand for our products; the impact on our

business of potential disruptions to European economies from euro zone sovereign credit issues; failure of anticipated

orders to materialize or postponement or cancellation of orders, generally without charges; the volatility in the demand for

semiconductors 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 of

terrorism and violence; inability to forecast demand and inventory levels for our products, the integrity of product pricing and

protect 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; those

additional risk factors set forth in Besi's annual report for the year ended December 31, 2012 and other key factors that

could adversely affect our businesses and financial performance contained in our filings and reports, including our statutory

consolidated statements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our

forward-looking statements whether as a result of new information, future events or otherwise.

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October 31, 2013

TABLE OF CONTENTS

I. Key Highlights

II. Financial Review

III. Strategic Highlights

IV. Outlook

V. Summary

3

October 31, 2013

I. KEY HIGHLIGHTS

4

October 31, 2013

KEY FINANCIAL HIGHLIGHTS Q3 AND YTD-13

5

• € 65.4 million:

• -9.7% vs. Q2-13

• -12.3% vs. Q3-12

Revenue

• € 48.2 million:

• -41.7% vs. Q2-13

• -1.1% vs. Q3-12

Orders

• € 4.4 million in Q3-13 vs. € 6.5 million in Q2-13 and € 4.3 million in Q3-12

Net Income

• Net cash of € 56.0 million. -€ 0.2 million vs. Q2-13

• Debt down € 2.4 million vs. Q2-13 to € 22.5 million

Liquidity

Strong profit performance in Q3-13 despite assembly equipment downturn due to improved

operating efficiency. Q4-13 order outlook improving

• € 201.9 million:

• -7.1% vs. 2012

Revenue

• € 194.7 million:

• -13.1% vs. 2012

Orders

• € 14.7 million vs. € 14.6 million in 2012

• Restructuring charges of € 0.7 million YTD-13 vs. € 0.3 million YTD-12

Net Income

• Net cash -€ 3.2 million vs. 2012. Reflects € 6.1 million dividend increase YOY

Liquidity

Q3-13 YTD-13

October 31, 2013

2010-2013 QUARTERLY BOOK TO BILL RATIO

6

Mar 10 Jun 10 Sept 10 Dec 10 Mar 11 Jun 11 Sept 11 Dec 11 Mar 12 Jun 12 Sept 12 Dec 12 Mar 13 Jun 13 Sept 13

Besi 1.72 1.49 0.88 0.55 0.97 0.92 0.99 0.78 1.51 1.05 0.65 0.92 1.00 1.14 0.74

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

1.51

0.65

1.14

0.74

1.28

0.53

1.26

0.68

0.50

0.75

1.00

1.25

1.50

1.75

• Besi’s order trends highly correlated to assembly equipment industry

• Industry characterized recently by strong growth in H1 followed by weaker H2

• Current year follows same pattern

Assembly

Market

Besi

Source: Semi Oct 2013

October 31, 2013

OPERATIONAL PROGRESS YIELDS INCREASED

EFFICIENCY

7

217

202

6.7%

7.3%

5.0%

7.0%

9.0%

11.0%

13.0%

15.0%

100

125

150

175

200

225

2012 YTD 2013 YTD

Net

Marg

in %

€ m

illi

on

s

Revenue Net Income Margin

OPEX

Headcount

Effective Tax Rate

34.2% 20.4%

1,615 1,493

€ 65.3 MM € 62.1 MM

-7.6%

-13.8%

-4.8%

October 31, 2013

II. FINANCIAL REVIEW

8

October 31, 2013

REVENUE/ORDER TRENDS

9

Q3-13 vs. Q2-13

• Revenue: € 65.4 million (-9.7%)

• Lower die attach sales for high end smart phone

and tablet applications

• Industry weakness/customer push-outs

• Low end of guidance (flat to -10.0%)

• Orders: € 48.2 million (-41.7%)

• Across all product lines

• -€ 35.5 million (67.1%) subcontractors

• +€ 1.0 million (3.4%) IDMs

• Asian subcontractors held off on new capacity

• Better than Q3/Q2-12 trend (46.5% decline)

Q3-13 vs. Q3-12

• Revenue: -€ 9.2 million (-12.3%)

• Orders: -€ 0.5 million (-1.1%)

YTD-13 vs. YTD-12

• Revenue: -€ 15.5 million (-7.1%)

• Lower sales of multi module die attach systems

for high end smart phones

• Partial offset: increased epoxy, flip chip and

molding equipment sales for low to mid range

smart phone/tablet applications

Quarterly Trends

YTD Trends

55.8

87.0

74.6

56.3

64.0 72.4

65.4

84.2 91.1

48.7 52.0

63.9

82.7

48.2

0

20

40

60

80

100

Q1-2012 Q2-2012 Q3-2012 Q4-2012 Q1-2013 Q2-2013 Q3-2013

(eu

ro in

mill

ion

s)

Revenue Orders

217.4 201.9

224.1

194.7

0

50

100

150

200

250

2012 2013

(eu

ro in

mill

ion

s)

Revenue Orders

October 31, 2013

€0

€50

€100

€150

€200

€250

15%

20%

25%

30%

35%

40%

45%

50%

2012 2013

Gro

ss M

arg

in

Revenue Gross Margin Adj. Gross Margin*

GROSS MARGIN TRENDS

Q3-13 vs. Q2-13

• 39.2% vs. 40.4%

• Lower revenue

• Partial offset:

• Lower freight + European personnel costs

• Forex benefit: Increase in euro and US dollar

vs. Malaysian ringgit

• Low end of guidance (39-41%)

Q3-13 vs. Q3-12

• 39.2% vs. 40.3% in Q3-12

• 12.3% revenue decrease

• Partial offset: Lower materials, freight and

overhead costs

YTD-13 vs. YTD-12

• 39.8% vs. 40.6%

• 7.1% revenue decrease

• Partial offset: lower materials, freight and

overhead costs

10

* Excludes restructuring charges

Quarterly Trends

YTD Trends

€0

€20

€40

€60

€80

€100

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

Q1-2012 Q2-2012 Q3-2012 Q4-2012 Q1-2013 Q2-2013 Q3-2013

Gro

ss M

arg

in

Revenue Gross Margin Adj. Gross Margin*

39.4% 41.5% 40.3% 37.7% 39.6% 40.4% 39.2%

40.6% 39.8%

October 31, 2013

OPERATING EXPENSE TRENDS

Q3-13 vs. Q2-13

• € 0.9 million lower opex (-4.3%)

• Absence of € 0.6 million restructuring costs

• Reduced warranty and personnel costs

• Better than guidance (€ 20.3 million)

Q3-13 vs. Q3-12

• € 2.5 million lower opex (-11.1%)

• Lower personnel and travel expenses

YTD-13 vs. YTD-12

• € 3.2 million lower opex (-4.9%)

• Ongoing cost reduction efforts

• Headcount down 7.6% vs. Q3-12

• Partial offset: € 1.4 million lower net R&D

capitalization and € 0.5 million higher

restructuring charges

11

Quarterly Trends

13.2 16.1 15.5 14.5 14.1 13.7 14.2

6.4

6.9 6.8 6.7 6.8 6.7 5.9

0.3 1.4 0.2 0.6 0.0

0

5

10

15

20

25

Q1-2012 Q2-2012 Q3-2012 Q4-2012 Q1-2013 Q2-2013 Q3-2013

(euro

in m

illio

ns)

SG&A R&D Restructuring

Quarterly Trends

YTD Trends

44.8 42.0

20.2 19.3

0.3 0.8

0

20

40

60

80

100

2012 2013

(euro

in m

illio

ns)

SG&A R&D Restructuring

65.3 62.1

19.6 23.0 22.6 22.6 21.1 21.0 20.1

October 31, 2013

NET INCOME TRENDS

• Quarterly net income trends reflect

industry and seasonal volatility

• YTD results reflect improved operating

efficiency

• Significant leverage in operating model

• Quarterly opex have ranged between

€ 20-23 million over past 8 quarters

• Declined to € 20.1 million in Q3-13

0.2

10.0

4.3

1.2

3.8

6.5

4.4

0

2

4

6

8

10

12

Q1-12 Q2-12 Q3-12 Q4-12 Q1-13 Q2-13 Q3-13

(eu

ro in

mill

ion

s)

Net Income

14.6 14.7

0

4

8

12

16

20

2012 2013

(eu

ro in

mill

ion

s)

Net Income

Quarterly Trends

YTD Trends

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October 31, 2013

LIQUIDITY TRENDS

Net Cash 70.4 49.4 59.2 79.5 64.2 56.2 56.0

Q3-13 vs. Q2-13

• Net cash down € 0.2 million to

€ 56.0 million

Q3-13 vs. Q3-12

• Net cash -€ 3.2 million due primarily to:

• € 6.1 million additional cash dividends

Q3-13/Q2-13 Cash Movements

Sources of cash

• € 3.2 million cash from operations

• € 2.5 million cash on hand

Principal uses of cash

• -€ 2.1 million net debt payments

• -€ 2.0 million capitalized R&D

• -€ 0.8 million capex

13

Quarterly Trends

93.5

77.3

89.8

106.4

91.9

81.1 78.5

23.1 27.9

30.6 26.9 27.7

24.9 22.5

0

20

40

60

80

100

120

Q1-12 Q2-12 Q3-12 Q4-12 Q1-13 Q2-13 Q3-13

(eu

ro in

mill

ion

s)

Cash Debt

October 31, 2013

III. STRATEGIC HIGHLIGHTS

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October 31, 2013

STRATEGIC PRIORITIES

15

Continued Execution of Initiatives to Enhance Market Share and Profitability in Highly Volatile Market

• Die attach platform re-design to incorporate common parts/modules. Q4 initial implementation

• Variety of new product introductions scheduled for 2014:

• Next generation high speed flip chip and epoxy die bonders

• Next generation diffusion solder die bonder

• New wafer molding system

• Expand customer base and applications for TCB die bonding equipment

• Initial focus: DRAM applications

Development objectives

• Evaluating additional opportunities in global operations

• Die attach operations

Further reduction of break even cost levels

• Expand Asian supply chain including outsourcing of certain system modules to reduce costs

Continued Asian operational expansion

October 31, 2013

IV. OUTLOOK

16

October 31, 2013

Q4-2013 GUIDANCE

17

• Sequential revenue down approximately 20%

• Gross margins between 38% - 40%

• Opex flat to down approximately 5%

• Anticipate a profitable quarter

• Capex of approximately € 2 million

• Positive outlook for Q4 sequential order development

Revenue Gross Margin Operating Expenses* Capex

Q3 Q4 Q3 Q4 Q3 Q4 Q3 Q4

€ 65.4 39.2% € 20.1 € 0.8

40%

-

38%

Down

20%

* Excluding restructuring

+€ 1.2 million

Flat to Down

5%

October 31, 2013

ASSEMBLY EQUIPMENT MARKET TRENDS

18

• Since 2010 rebound, assembly market has been trending lower

• However, 18%+ growth anticipated in 2014

2.1

4.7

4.4

4.03.8

4.5

-27.1%

-9.4%-3.4%

17.7%

-6.8%

124.0%

0

1

2

3

4

5

6

2009 2010 2011 2012 2013E 2014E

-40%

10%

60%

110%

160%

Assembly Equipment Market Size YoY Growth Rate

Source: VLSI October 2013, as revised

October 31, 2013

V. SUMMARY

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October 31, 2013

SUMMARY

Strong Q3-13 Profit Despite

Downturn

Seasonal Industry Patterns

and Quarterly Volatility Continue

Operating Efficiency Has

Improved

Introducing Next Generation

Products in 2014

Strategic Initiatives Offer

Upside Potential

Positive Q4 Order Outlook.

Optimistic About 2014

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October 31, 2013

FINANCIAL CALENDAR

20/22-Nov-13 Morgan Stanley: TMT Conference, Barcelona, Spain

21-Nov-13 ABN AMRO Benelux Equities Conference, New York, USA

10-Dec-13 ESN: European Conference, London, United Kingdom

7-Mar-14

Rabobank: Telecom, Media and Technology Investor Conference,

Amsterdam, the Netherlands

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