Slide 1: 17th Annual General Meeting
17th Annual General Meeting May 14, 2014 | Eurogress Aachen
Slide 2: Forward-Looking Statements
17TH ANNUAL GENERAL MEETING 2 Forward-Looking Statements This document may contain forward-looking statements regarding the business, results of operations, financial condition and earnings outlook of AIXTRON within the meaning of the safe harbor provisions of the US Private Securities Litigation Re
Slide 3: AGM 2014 - Agenda Item 1
17TH ANNUAL GENERAL MEETING 3 AGM 2014 - Agenda Item 1 Annual General Meeting May 2013 Agenda Item 1 Presentation of the financial statements and the management report as of December 31, 2013, the approved consolidated financial statements as of December 31, 2013, the management report for fiscal ye
Slide 4: Presentations on Agenda Item 1
17TH ANNUAL GENERAL MEETING 4 Presentations on Agenda Item 1 Martin Goetzeler, President & Chief Executive Officer Introduction, Review and Market Update Update 5-Point-Program Outlook Wolfgang Breme, Executive Vice President & Chief Financial Officer Capital Increase Financials 2013 Fin
Slide 5: Introduction: 5-Point-Program Gaining Traction
17TH ANNUAL GENERAL MEETING 5 Introduction 5-Point-Program Gaining Traction and Having Positive Impact Phase 1 – completed √ General Development Investing in defined future technologies LED market improving Financing secured LED demand for lighting application increases continuously Custom
Slide 6: Capital increase
17TH ANNUAL GENERAL MEETING 6 Capital increase Liquidity for Investments into Future Opportunities Partial use of the existing authorized capital from 2011 Share capital successfully increased by EUR 10,223,133 Accelerated placement excluding pre-emptive rights Placement price of EUR 9.90 –
Slide 7: Quarterly Development in 2013
17TH ANNUAL GENERAL MEETING 7 Quarterly Development in 2013 (€ million) Equipment (only) 35.7 37.1 Order Intake1) 29.9 30.5 Equipment (only) 78.4 71.7 72.8 *) 59.6 Order Backlog1) *) revalued on Jan.1, 2014 to €58.1m at $1.35/€ Total Revenues2) 51.1 40.2 45.3 46.2 (incl. equipment, service, spare pa
Slide 8: Consolidated Income Statement of the AIXTRON Group
17TH ANNUAL GENERAL MEETING 8 Consolidated Income Statement of the AIXTRON Group* (€ million) FY 2013 +/-2013 Q4/13 2012 Q4/12 +/- +/- Revenues 182.9 227.8 -20% Cost of sales 190.3 227.4 -16% Gross profit -7.4 0.4 n.m. Gross Margin -4% 0% -4pp Selling expenses 29.0 34.8 -17% General & admin expenses
Slide 9: Key financials of AIXTRON SE (HGB)
17TH ANNUAL GENERAL MEETING 9 Key financials of AIXTRON SE (HGB)* (€ million) FY 2013 +/-2013 Q4/13 2012 Q4/12 +/- +/- Revenues 143.0 188.8 -24% Total operating performance 121.2 168.8 -28% Results from ordinary activities -110.1 -103.0 -7% Net result -110.4 -103.2 -7% Retained earnings -51.6 51.5 n
Slide 10: Consolidated Statement of Financial Position of the AIXTRON Group
17TH ANNUAL GENERAL MEETING 10 Consolidated Statement of Financial Position of the AIXTRON Group* (€ million) 31/12/13 31/12/12 +/- FY 2013 +/- Q4/13 Q4/12 +/- Property, plant & equipment 79.9 97.6 -18% Goodwill 64.1 64.3 0% Other intangible assets 3.1 4.2 -26% Others 5.7 6.3 -10% Non-current assets
Slide 11: Consolidated Statement of Cash Flows of the AIXTRON Group
17TH ANNUAL GENERAL MEETING 11 Consolidated Statement of Cash Flows of the AIXTRON Group* (€ million) FY 2013 +/- 2013 Q4/13 2012 Q4/12 +/- +/- Cash Flow from operating activities 8.2 -45.2 118% Cash Flow from investing activities -39.7 -4.4 n/a Cash Flow from financing activities 101.6 -24.3 n/a Ex
Slide 12: Key financials Q1/2014
17TH ANNUAL GENERAL MEETING 12 Key financials Q1/2014* (€ million) FY 2013 +/- Q1/2014 Q4/13 Q1/2013 Q4/12 +/- +/- Equipment order intake 37.7 29.9 26% Equipment order backlog (end of period) 64.2 78.4 -18% Revenues 43.9 40.2 9% Gross profit 10.8 -47.7 123% Operating result (EBIT) -10.9 -76.3 86% Ne
Slide 13: 5-Point-Program – Return to Sustainable Profitability
17TH ANNUAL GENERAL MEETING 13 5-Point-Program – Return to Sustainable Profitability 1 Customer Focusing on customer benefits 2 Technology & Products Putting unique technology portfolio to more effective use, further strengthening next generation products 3 Efficiency Optimizing process and project
Slide 14: 1. Customer
17TH ANNUAL GENERAL MEETING 14 1. Customer Focusing on Customer Benefits Phase 1 Phase 2 Technically experienced key-account Customer-roadmaps to increase manager – completed √ productivity – ongoing √ Using regional competencies through Boosting service business – ongoing √ customer proximi
Slide 15: 2. Technology & Products
17TH ANNUAL GENERAL MEETING 15 2. Technology & Products Putting Unique Technology Portfolio to More Effective Use, Further Strengthening Next Generation Products Phase 1 Phase 2 Strengthening next generation products Strengthening future products based on based on technology portfolio technology
Slide 16: 2. Technology & Products – Promising Future Markets
17TH ANNUAL GENERAL MEETING 16 2. Technology & Products – Promising Future Markets Silicon Compound Organic Carbon Semiconductors Semiconductors Material Material ALD (MOCVD) MOCVD OVPD®/PVPD® PECVD Power Management Silicon systems Organic materials Carbon Nanomaterials GaN / SiC for • Metal nitride
Slide 17: 3. Efficiency
17TH ANNUAL GENERAL MEETING 17 3. Efficiency Optimizing and Managing Process and Project Structures Systematically Phase 1 Phase 2 Cross-functional product development Intensifying cooperative partnership with processes – completed √ suppliers – ongoing √ Product development with defined Gre
Slide 18: 4. Finance
17TH ANNUAL GENERAL MEETING 18 4. Finance Value Driven Financial Targets Phase 1 Phase 2 Improvement of financial & earnings Improvement of financial & earnings situation: situation : 20% Reduction of operating expenses Focus on cost management – ongoing √ – completed √ Profitability analysis
Slide 19: 5. Employees
17TH ANNUAL GENERAL MEETING 19 5. Employees Strengthening AIXTRON’s culture, instill sense of self-responsibility, fortifying communication Phase 1 Phase 2 Management assessment – completed √ Strengthening employees‘ sense of identification with the company – ongoing √ Fortifying of the commun
Slide 20: Executive Summary
17TH ANNUAL GENERAL MEETING 20 Executive Summary Pursuing Substantial Opportunities Significant operational and administrative progress Consistent execution of Phase 2 tasks of the 5-Point-Program Intensify Customer relations – ongoing cost management Strengthening unique technology portfoli
Slide 21: Financial Calendar & Contact Data
17TH ANNUAL GENERAL MEETING 21 Financial Calendar & Contact Data July 29, 2014 H1/2014 Results, Conference Call October 28, 2014 9M/2014 Results, Conference Call February 2015 FY/2014 Results, Conference Call May 2015 Annual General Meeting, Aachen For further information please contact: Inv
Slide 22: 17th Annual General Meeting.
17th Annual General Meeting. If you have any further questions or require more information, please contact us at: AIXTRON SE Kaiserstrasse 98 52134 Herzogenrath Germany Phone +49 (2407) 9030-0 Fax +49 (2407) 9030-40 E-Mai info@aixtron.com May 14, 2014 | Eurogress Aachen