Duiven, the Netherlands, April 24, 2013 - BE Semiconductor Industries N.V. ("the Company" or "Besi") (NYSE Euronext: BESI; OTCQX: BESIY), a leading manufacturer of assembly equipment for the semiconductor industry, today announced its results for the first quarter ended March 31, 2013.

Key Highlights
Revenue of € 64.0 million up 13.7% vs. Q4-12 and 14.8% vs. Q1-12. Above guidance due primarily to strength in epoxy and flip chip die attach systems for smart phone and tablet applications
Orders increased to € 63.9 million (+22.8% vs. Q4-12) due primarily to increased demand for epoxy, flip chip and multi module die attach systems for smart phone and tablet applications. Down 24.2% vs. Q1-12
Gross margins rose to 39.6% from 36.4% in Q4-12 (37.7% ex restructuring) due to higher volume, favorable customer and product mix and lower European production overhead. Above guidance. Up vs. 39.4% in Q1-12
Pre-tax income increased to € 4.9 million in Q1-13. Up € 7.5 million vs. Q4-12 and € 3.4 million vs. Q1-12
Net income grew to € 3.8 million in Q1-13 vs. € 1.2 million in Q4-12 and € 0.2 million in Q1-12

Outlook
Approximately 10% sequential revenue growth and increased operating profit forecast for Q2-13

(€ millions, except EPS) Q1-2013 Q4-2012 Δ Q1-2012 Δ
Revenue 64.0 56.3 13.7% 55.8 14.8%
Operating income 4.3 (2.1) N/A 2.4 79.9%
EBITDA 7.0 0.8 773.1% 5.2 34.3%
Net income 3.8 1.2 213.6% 0.2 1,781.5%
EPS (diluted) 0.10 0.03 233.3% 0.01 900.0%
Orders 63.9 52.0 22.8% 84.2 -24.2%
Backlog 52.8 53.0 -0.4% 79.1 -33.2%
Cash flow from operations (11.3) 25.5 N/A 12.0 N/A
Cash 91.9 106.4 -13.6% 93.5 -1.7%
Total Debt 27.7 26.9 2.8% 23.1 19.7%

Richard W. Blickman, President and Chief Executive Officer of Besi, commented: “Besi’s Q1-13 results
improved significantly vs. Q4-12 due to a pick-up in demand for our advanced packaging equipment combined with
the benefits of structural cost reduction efforts. Revenue, gross margin and profit levels all exceeded expectations.
Sequential quarterly revenue and orders grew by 13.7% and 22.8%, respectively, as we saw increased interest by
Asian IDMs and subcontractors primarily for epoxy and flip chip die attach equipment to increase smart phone and
tablet production capacity. Gross and operating margins improved due to higher revenue, a favorable customer
and product mix and lower production overhead and operating costs from Besi’s October 2012 headcount
reduction plan. In particular, fixed European headcount reduced by 6% sequentially in Q1-13 and 11% year over
year due to our Asian production transfer and die attach integration efforts. Consequently, Q1-13 pre-tax income
increased by € 7.5 million and € 3.4 million, respectively, as compared to Q4-12 and Q1-12. Similarly, net income
increased by € 2.6 million and € 3.6 million, respectively, as compared to such periods.
We forecast increased revenue and operating profit in Q2-13 despite a mixed picture for the semiconductor
equipment industry. Revenue is estimated to increase by approximately 10% sequentially due to strength in
advanced packaging equipment sales for smart phone and tablet applications and, to a lesser extent, renewed
growth in automotive applications. Such positive influences are partially offset currently by continued weakness in
PC end user applications which has restrained growth in some of our more traditional leadframe oriented assembly
products. From an operational perspective, our focus is on the final transfer of all system production to Asia, an
expansion of our Asian supply chain network and the full realization of the benefits from the October 2012
headcount reduction, all of which should help drive profitability in 2013.”

First Quarter Results of Operations
Besi’s € 7.7 million (13.7%) sequential revenue increase in Q1-13 reflected higher shipments of epoxy and flip chip
die bonding systems for smart phone and tablet applications. The increase was above prior guidance (+5.0%).
Similarly, revenue increased by € 8.2 million (14.8%) vs. Q1-12.
Orders for Q1-13 were € 63.9 million, an increase of € 11.9 million (22.8%), as compared to Q4-12 and a decrease
of € 20.3 million (24.2%) as compared to Q1-12. The quarterly sequential order increase was primarily focused on
increased demand for epoxy, flip chip and multi module die attach systems supporting smart phone and tablet
supply chains. The decrease versus Q1-12 was due primarily to the 52.5% order ramp as a result of a surge in
demand for smart phone and tablet production capacity in the prior year earlier period. On a customer basis, the
sequential order increase in Q1-13 reflected a € 5.1 million (16.6%) increase by subcontractors and a € 6.8 million
(31.9%) increase by IDMs. Backlog at March 31, 2013, was € 52.8 million, approximately equal to December 31,
2012 (€ 53.0 million) and down € 26.3 million, or 33.2%, as compared to Q1-12.
Besi’s gross margin was 39.6% in Q1-13 vs.36.4% in Q4-12 (37.7% ex restructuring) and 39.4% in Q1-12 and
exceeded guidance (37%-39%). As compared to Q4-12, the increase was primarily due to (i) higher revenue
levels, (ii) higher packaging, plating and wire bonding gross margins due to a favorable customer and product mix
and (iii) lower European production overhead. As compared to Q1-12, gross margins increased primarily due to
higher plating gross margins as a result of its business unit rationalization in Q4-12.
Besi’s operating expenses were € 21.1 million in Q1-13 as compared to € 22.6 million in Q4-12 and € 19.6 million
in Q1-12. Excluding restructuring charges of € 0.2 million and € 1.4 million in each of Q1-13 and Q4-12,
respectively, operating expenses declined by € 0.3 million in Q1-13 to € 20.9 million vs. € 21.2 million in Q4-12 and
were slightly higher than prior guidance of € 20.5 million. As compared to Q4-12, the decline was primarily due to
(i) € 1.1 million of lower sales and marketing expenses primarily as result of the October 2012 headcount reduction
plan partially offset by (ii) € 0.4 million of increased general and administrative expenses principally higher advisory
costs and (iii) € 0.3 million of higher warranty costs. Excluding restructuring charges, operating expenses increased
by € 1.3 million in Q1-13 vs. Q1-12 primarily as a result of (i) the absence of a € 1.0 million rental benefit provision
in the prior year earlier period, (ii) € 0.5 million of higher warranty costs and (iii) € 0.4 million of higher development
expenses due to lower R&D capitalization partially offset by a € 0.9 million reduction in selling and marketing
expenses associated with Besi’s headcount reduction efforts. As a percentage of revenue, total operating
expenses were 32.9% in Q1-13 as compared to 40.2% in Q4-12 and 35.2% in Q1-12. Total fixed and temporary
headcount of 1,524 at March 31, 2013 declined by 1.0% vs. Q4-12 and 5.8% vs. Q1-12.
Financial income, net increased from an expense of € 0.5 million in Q4-12 and € 0.9 million in Q1-12 to income of
€ 0.6 million in Q1-13 due primarily to gains on foreign currency hedging transactions as a result of the
appreciation of the US dollar vs. the euro and Swiss franc.
Besi recorded income tax expense of € 1.2 million in Q1-13 as compared to a tax benefit of € 3.8 million in Q4-12
resulting primarily from an upward revaluation of tax loss carry forwards at Besi’s Swiss operations. The effective
tax rate was 23.6% in Q1-13 as compared to 86.2% in Q1-12. The prior year period was negatively influenced by a
change in the profit mix of Besi’s European subsidiaries.
Besi’s net income in Q1-13 was € 3.8 million as compared to € 1.2 million in Q4-12 and € 0.2 million in Q1-12. The
profit increase vs. Q4-12 was due primarily to (i) a 13.7% revenue increase, (ii) increased gross margins, (iii) a
€ 1.9 million reduction in restructuring charges, (iv) € 0.3 million of lower operating expenses (ex restructuring
charges) and (v) a € 1.1 million increase in financial income, net partially offset by increased income tax expense of
€ 5.0 million primarily due to the absence of a € 3.0 million tax benefit recognized in Q4-12. As compared to Q1-12,
the profit increase was primarily due to (i) a 14.8% revenue increase, (ii) increased gross margins, (iii) € 1.5 million
of higher financial income, net and (iv) a lower effective tax rate partially offset by € 1.4 million of higher operating
expenses.

Financial Condition
At the end of Q1-13, Besi’s cash and cash equivalents decreased by € 14.5 million to € 91.9 million as compared to
Q4-12 while total debt and capital leases increased by € 0.8 million to € 27.7 million. As a result, net cash
decreased by € 15.3 million sequentially to € 64.2 million. Besi had a cash flow deficit from operations of € 11.3
million in Q1-13 primarily due to an € 18.6 million working capital increase to finance higher receivables and
inventory related principally to increased quarterly sequential bookings which were partially offset by operating and
other related cash flow of € 7.3 million. Cash on hand in Q1-13 was further decreased by (i) € 2.1 million of
capitalized development spending, (ii) € 1.1 million of share repurchases and (iii) € 0.4 million of capital
expenditures.

Share Repurchase Program
In October 2012, Besi announced a share repurchase program under which it may buy back up to approximately
1.5 million ordinary shares (4% of its shares outstanding at September 30, 2012) through October 2013. As of
March 31, 2013, Besi had purchased 0.5 million shares at a weighted average price of € 5.93 per share for an
aggregate of € 2.7 million. During Q1-13, Besi purchased 305,451 shares at a weighted average price of € 6.29 for
an aggregate of € 1.9 million.
Outlook
Based on its March 31, 2013 backlog and feedback from customers, Besi forecasts for Q2-13 that:
Revenue will increase by approximately 10% as compared to the € 64.0 million reported in Q1-13.
Gross margins will range between 39%- 41% as compared to the 39.6% realized in Q1-13.
Operating expenses will be approximately equal to the € 20.9 million (ex restructuring) reported in Q1-13.
Capital expenditures will be approximately € 1.0 million as compared to € 0.4 million in Q1-13.

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