Veeco Instruments Inc. · NASDAQ:VECO
Veeco Instruments — Merger or Acquisition (August 2010)
8 slides from Veeco Instruments's merger presentation, Aug 16, 2010
Slide 1: Veeco Metrology Sale to Bruker Corporation
Veeco Metrology Sale to Bruker Corporation August 16, 2010
Slide 2: Transaction Overview
Transaction Overview Veeco sells Metrology Business to Bruker Atomic Force Microscope (AFM) business in Santa Barbara and Camarillo, CA Optical Industrial Metrology (OIM) business in Tucson, AZ Associated global sales & support organization Definitive Agreement Signed August 15th $229 million in cas
Slide 3: Rationale for the Transaction
Rationale for the Transaction Allows full management focus on higher-growth, higher-profit Process Equipment markets where we have compelling technologies and leadership position Currently expect LED & Solar to represent about 90% of Veeco’s forecasted 2010 revenues of approximately $1B Continue inv
Slide 4: Revised Q3 2010 Guidance
Revised Q3 2010 Guidance Note: Revised guidance reflects the fact that as of 8/15/10 Veeco will account for Metrology as a Discontinued Operation. *Utilizing 35% tax rate and 44 million shares outstanding $1.23 - 1.43 $1.13 - 1.33 Non-GAAP EPS* $1.55 - 1.82 $1.45 - 1.72 GAAP EPS 29 - 31% 30 - 32% EB
Slide 5: About Bruker
About Bruker Leading provider of high-performance scientific instruments and solutions for molecular and materials research, as well as for industrial and applied analysis Headquartered in Billerica, Massachusetts Employees: >4,500 / Locations: >30 Nasdaq: BRKR Key 2009 financial metrics: Sales: $1,
Slide 6: Revised Q3 Guidance Reconciliation for Continuing Ops (Excluding Metrology)
Revised Q3 Guidance Reconciliation for Continuing Ops (Excluding Metrology) NOTE - The above reconciliation is intended to present Veeco's operating results from continuing operations, excluding certain items and providing income taxes at a 35% statutory rate. This reconciliation is not in accordanc
Slide 7: Original Q3 2010 Guidance Reconciliation (Including Metrology Business)
Original Q3 2010 Guidance Reconciliation (Including Metrology Business) Veeco Instruments Inc. and Subsidiaries Reconciliation of operating income to earnings excluding certain items (In thousands, except per share data) (Unaudited) Guidance for the three months ending September 30, 2010 LOW HIGH Op
Slide 8: Safe Harbor
Safe Harbor To the extent that this presentation discusses expectations about the proposed sale or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the sta
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