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Filed by Mattson Technology, Inc.
Pursuant to Rule 425 under
the Securities Act of 1933
and deemed filed pursuant to
Rule 14a-12 of the Securities
Exchange Act of 1934
Subject Company: Mattson Technology, Inc.
Commission File No.: 000-24838
Power Point Presentation
Mattson Technology, Inc.
Displayed on Mattson's web site
www.mattson.com
mattson
the power of three
Creating value and driving growth
[GRAPHIC OF THREE
INTERLOCKING CIRCLES,
ONE DISPLAYING CFM
LOGO, ONE DISPLAYING
STEAG LOGO AND ONE
DISPLAYING MATTSON LOGO]
mattson
the power of three
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DISCLAIMER
Mattson plans to file a Registration Statement on Form S-4 in connection with
the transactions and both Mattson and CFM expect to mail a Proxy Statement /
Prospectus to their respective stockholders containing information about the
transactions. Investors are urged to read the Registration Statement and the
Proxy Statements / Prospectuses carefully when they are available. The
Registration Statement and the Proxy Statements / Prospectuses will contain
important information about Mattson, CFM, the STEAG business being combined with
Mattson and CFM and related matters. Investors and security holders will be able
to obtain free copies of these documents through the web site maintained by the
U.S. Securities and Exchange Commission ("SEC") at http://www.sec.gov. Copies of
the registration statement and Mattson's proxy statement / prospectus may be
obtained free charge from Mattson through the contact listed above.
In addition to the Registration Statement and the Proxy Statements /
Prospectuses, Mattson and CFM file annual, quarterly and special reports, proxy
statements and other information with the SEC. You may read and copy any
reports, statements and other information filed by Mattson and CFM at the SEC
public reference rooms at 450 Fifth Street, NW, Washington, D.C. 20549 or at the
SEC's other public reference rooms in New York, New York and Chicago, Illinois.
Please call the SEC at 1-800-SEC-0330 for further information on public
reference rooms. Mattson and CFM's filings with the SEC are also available to
the public from commercial document retrieval services and at the web site
maintained by the SEC at http://www.sec.gov. Mattson and CFM, their respective
directors, executive officers and certain members of management and employees
may be soliciting proxies from Mattson's and CFM respective shareholders in
favor of the adoption of the definitive agreements. A description of any
interest that Mattson's and CFM's directors and executive officers have in the
transactions will be available Mattson's and CFM's filings with the SEC are also
available to the public from commercial document retrieval services and at the
web site maintained by the SEC at http://www.sec.gov. in the respective Proxy
Statements / Prospectuses.
This Press Release contains forward-looking statements regarding, among other
matters, industry trends and the Company's future financial performance.
Forward-looking statements address matters which are subject to a number of
risks and uncertainties. In addition to the general risks associated with the
development of complex technology, future results of the Company will depend on
a variety of factors, including the timing of significant orders, the ability of
the Company to bring new systems to market, the timing of new product releases
by the Company's competitors, slowdowns in the semiconductor industry, and other
competitive factors. Reference is made to the Company's filings with the
Securities and Exchange Commission for further discussion of risks and
uncertainties regarding the Company's business.
mattson
the power of three
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mattson
the power of three
- Key Industry Trends
- The New Mattson
- Shareholder Benefits
mattson
the power of three
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Key Industry Trends
The Big Are Getting Bigger
PERCENTAGE OF TOTAL REVENUE FROM TOP 10 SUPPLIERS
<TABLE>
<S> <C>
1994 58.2%
1995 59.3%
1996 59.5%
1997 62.5%
1998 64.8%
1999 68.9%
</TABLE>
Source: Morgan Stanley Dean Witter/Dataquest
mattson
the power of three
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Key Industry Trends
Size matters as industry matures
+ Customers want to reduce RISK! Larger companies are perceived as
less risky.
- Dedicated, focused account and service managers
- More support personal internationally
- Larger R&D spending budgets
+ IC manufacturers want to focus on fewer equipment vendors (vendor of
choice)
mattson
the power of three
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Key Industry Trends
Consolidation in the equipment industry
1997 2000
+ Applied Materials + Applied Materials
+ Asyst + Asyst
+ Brooks Automation + Brooks Automation
+ Eaton SED + Eaton SED
+ Electroglas + Electroglas
+ ETEC + KLA-Tencor
+ Equipe Technologies + Novellus
+ Fab Solutions + PRI Automation
+ Fairchild
+ Fusion Systems
+ Irvine Optical Corporation
+ KLA
+ Tencor
+ Knights Technology
+ MECS
+ Novellus
+ Obsidian
+ PRI Automation
+ Promis Systems
+ Varian SEG
mattson
the power of three
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Key Industry Trends
Customers want complete solutions
+ Increased IC complexity means equipment companies must provide broad
process solutions
+ Equipment companies must provide solutions/expertise in key process
areas
+ Process integration expertise is required
mattson
the power of three
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Key Industry Trends
Dramatic Growth by Foundries
Wafer Revenue ($ B)
26% CAGR
[BAR CHART SHOWING
YEAR TO YEAR GROWTH
IN WAFER REVENUES
AND PROJECTIONS,
1998 - 2003]
mattson
the power of three
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Key Industry Trends
Transition to 300mm wafers
<TABLE>
<CAPTION>
Company Announcement Construction Production
------- ------------ ------------ ----------
<S> <C> <C> <C>
Semiconductor 300 X X 2000
Intel X X 2001
Hitachi-UMC X X 2001
UMC X X 2001
Texas Instruments X X 2001
NEC X X 2001
IBM X X 2001
Infineon X X 2001
TSMC X X 2001
</TABLE>
300mm capital spending for 2000 = $5.8B
11% of total capital spending
mattson
the power of three
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The New Mattson
Mattson is gaining critical mass and becoming a strong multi-product company
through strategic acquisitions of CFM Technologies and the semiconductor
division of Steag.
- This will be a stock transaction (See Pie chart for ownership breakdown)
<TABLE>
<CAPTION>
Mattson Steag CFM
------- ----- ---
<S> <C> <C> <C>
56 32 12
</TABLE>
- The deal is expected to close Jan. 2001.
mattson
the power of three
<PAGE> 11
Company Overviews
<TABLE>
<CAPTION>
MATTSON
TECHNOLOGY steag CFM
---------- ----- ---
<S> <C> <C> <C>
Products Leading Supplier: Dry Strip Broad Portfolio: RTP, Strong Technology
PECVD, RTP & batch LPCVD & Wet Processing Productivity Leader in
Epi Products Products Wet Process Equipment
Employees 500+ Employees Worldwide 1000+ Employees Worldwide 300+ Employees Worldwide
Sales (1999) Sales = $103M Sales > $140M Sales > $30M
Installed Base Installed Base >1100 Tools Installed Base > 800 Tools Installed Base > 200 Tools
</TABLE>
mattson
the power of three
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Shareholder Benefits
- Critical mass achieved - Top 15 company
- Comprehensive product portfolio
- Well positioned for Asian/foundry growth
- 300mm leadership
- Strong financials to support growth
mattson
the power of three
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Taking the Leap to a Top 15 Company
<TABLE>
<CAPTION>
`99 Rank Company 1999 Rev.
-------- ------- ---------
<S> <C> <C>
1 Applied Materials $4,543M
2 Tokyo Electron Ltd. $1,805M
3 Nikon $1,203M
4 ASM Lithography $1,122M
5 KLA-Tencor $ 861M
6 Lam Research $ 739M
7 Canon $ 633M
8 Novellus Systems $ 522M
9 Dainippon Screen $ 494M
10 Silicon Valley Group $ 461M
11 Hitachi $ 388M
12 Eaton (Axcelis) $ 352M
13 Mattson (pro forma) $ 282M
14 Kokusai $ 242M
15 Ebara $ 237M
</TABLE>
Source: Dataquest
mattson
the power of three
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A Global Presence
[WORLD MAP SHOWING
LOCATIONS OF MATTSON,
STEAG AND CFM MAJOR
SITES AND SALES AND
SERVICE OFFICES]
mattson
the power of three
<PAGE> 15
Strong Position at Top 20 Manufacturers
(top 20 buys 80% of equipment)
<TABLE>
<CAPTION>
Customer Mattson CFM Steag
-------- ------- --- -----
<S> <C> <C> <C>
Intel
Samsung X X X
IBM X X X
TSMC X X X
TI X X
STM X X X
UMC Group X X X
NEC X X
Micron X
Toshiba X
AMD X X
Winbond X
Motorola X X X
Phillips X
Fujitsu X
Infineon X X X
Lucent X
Nan Ya X X
Chartered X X
Hitachi X X
</TABLE>
mattson
the power of three
<PAGE> 16
MULTI-PRODUCT & MULTI-TECHNOLOGY Company
"#1 or #2 in more than one market"
<TABLE>
<CAPTION>
Market
Position
--------
<S> <C> <C>
Dry Strip Mattson Strip #1 in 1999 #1
RTP Steag currently has #2 market #2
position for RTP worldwide
Wet Processing Steag market & engineering #4
leadership combined with CFM
technology leadership
</TABLE>
Source: Dataquest
mattson
the power of three
<PAGE> 17
Current Revenue Drivers
Market Sizes and Growth Trends
Market Size ($M)
[SEGMENTED BAR CHART
SHOWING YEAR TO YEAR
GROWTH IN WET, RTP
AND STRIP MARKETS
AND PROJECTIONS,
1998 - 2002]
<TABLE>
<CAPTION>
CAGR 1998-2002
---- ---------
<S> <C> <C>
Wet 28%
RTP 36%
Strip 28%
</TABLE>
Source: Dataquest
mattson
the power of three
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Future Revenue Drivers
PECVD Epi
Mattson Mattson
Electroplated Cu LPCVD
Steag (CuTek) Steag/Mattson
PRODUCTS POSITIONED IN LARGE,
HIGH GROWTH MARKETS
mattson
the power of three
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Total Available Market (TAM)
With Future Revenue Drivers
Market Size ($M)
<TABLE>
<S> <C>
CVD/2 26%
ECD 55%
Epi 23%
Wet 28%
RTP 36%
Strip 28%
</TABLE>
Source: Dataquest
mattson
the power of three
[THIS SLIDE ALSO INCLUDES
A BAR CHART SHOWING
MARKET SIZE OF EACH
SEGMENT FROM $0M
TO $6,000M ON A
YEAR TO YEAR BASIS
WITH PROJECTIONS FROM
1998 TO 2002]
<PAGE> 20
We Provide Solutions for >40% of the Process Steps in a Fab
0.15(mu) Logic 64M DRAM
[GRAPHIC SHOWING
CROSS SECTION OF 0.15(MU)
LOGIC AND 64M DRAM
CHIPS WITH STEPS IN
MANUFACTURING PROCESS
LABELED]
mattson
the power of three
<PAGE> 21
Solutions for More Process Steps Than
Many Leading Equipment Companies
<TABLE>
<CAPTION>
Equipment Segment Applied TEL Nikon ASM Lam Canon Novellus Mattson
----------------- ------- --- ----- --- --- ----- -------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Steppers X X X
Photoresist Processing X
Automated Wet Stations X X
Dry Strip X
Dry Etch X X X
Chem. Mech. Polishing X X
Diffusion/Tube CVD X
Non-Tube Reactor CVD X X X X
Sputtering X X
Electrochemical Dep. X X X
Silicon Epitaxy X X
Implant X
RTP X X
</TABLE>
mattson
the power of three
<PAGE> 22
Capitalizing on Product Synergies
+ Complete wet processing solutions
- CFM/Steag provide total fab solutions for wet processing -
competitive advantage
+ High temperature process solutions
- Multiple solution to solve thermal processing problems
+ Wet and Dry total cleaning solutions
mattson
the power of three
<PAGE> 23
Mattson's Technology Leadership
<TABLE>
<CAPTION>
1989 1994 1998 2001 2004
---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C> <C>
DRAM 4Mb 16Mb 64Mb 256Mb 1Gb
.8(mu)m .65(mu)m .35(mu)m .15(mu)m .13(mu)m
Lithography
Lithography (I-Line, DUV, UV)
Key Challenges W Plugs Barrier Films STI Cu Interconnect Strip,Wet,RTP,
Electro Cu
Gap Fill Low K Dielectric PECVD, Strip
CMP Oxide/Metal Ultra Shallow Junctions RTP
New Capacitors LPCVD, RTP
New Gate Materials LPCVD, RTP
</TABLE>
mattson
the power of three
<PAGE> 24
Strong Position Throughout Asia
Direct Employees in Asia
[MAP OF ASIA SHOWING
NUMBERS OF EMPLOYEES
IN EACH LOCATION OF THE
COMBINED ENTERPRISE; THE
NUMBERS ARE TAIWAN: 100,
KOREA: 70, JAPAN: 45,
SINGAPORE: 40]
mattson
the power of three
<PAGE> 25
Well Positioned in Taiwan
For Foundry Business
+ >100 employees in Taiwan
+ Multiple offices and future training facilities
+ $100M estimated revenue for 2000
+ Installed base of >300 systems
mattson
the power of three
<PAGE> 26
300mm Market Leadership
Multiple Product Lines & Large Installed Base
[PHOTOGRAPH OF
MATTSON ASPEN III
PLATFORM]
Mattson Aspen III
+ CVD, Dry Strip
+ >25 tools in production
+ Semiconductor 300, Samsung
[PHOTOGRAPH OF
STEAG RTP AST
3000 PLATFORM
PHOTOGRAPH OF
STEAG WET SYSTEM]
STEAG RTP and Wet
+ >30 AST 3000 systems
+ 5 wet systems installed
+ 3 single tank systems
+ Semiconductor 300 "Top Supplier"
[PHOTOGRAPH OF
CFM OMNI
PLATFORM]
CFM OMNI(TM)
+ Semiconductor 300 "Top Supplier"
+ Multiple tools in production
mattson
the power of three
<PAGE> 27
Financial Details
+ The combined company will be financially stable with >$120M in cash
+ Minimal long term debt
+ Estimated combined revenues of individual companies of $497M in 2000
+ The deal is expected to close Jan. 2001
mattson
the power of three
<PAGE> 28
The New Mattson - Highlights
+ Achieved critical mass - Top 15 Company
+ Comprehensive product portfolio
+ Well positioned for Asian/foundry growth
+ 300mm leadership
+ Strong financials to support growth
CREATING VALUE AND DRIVING GROWTH
mattson
the power of three
