Slide 1: AIXTRON Investor Presentation First Half 2017 Results
AIXTRON Investor Presentation First Half 2017 Results (July 25, 2017) © AIXTRON Investor Relations, July 2017
Slide 2: Forward-Looking Statements
DISCLAIMER 2 Forward-Looking Statements This document may contain forward-looking statements regarding the business, results of operations, financial condition and earnings outlook of AIXTRON. These statements may be identified by words such as “may”, “will”, “expect”, “anticipate”, “contemplate”, “
Slide 3: AIXTRON – 2017 Guidance
OUTLOOK 3 AIXTRON – 2017 Guidance 2017 Guidance • Raised 2017 Revenues and Total Order Intake to EUR 210 ~230 million, from EUR 180 ~ 210 million. H1/2017 Revenues: • Positive Free Cash Flow for full year EUR 114.1m 2017. 2017 Shippable Order Backlog: >EUR 70m • Positive EBIT in full year 2018. H2/2
Slide 4: AIXTRON – Q2/2017 Events
4 AIXTRON – Q2/2017 Events Raised Guidance for both, Revenues and Order Intake to EUR 210~230 million Solid Order Intake, Equipment Order Backlog and Revenues Dr. Felix Grawert will join AIXTRONs Executive Board on August 14, 2017 Supervisory Board extended the contract of Dr. Bernd Schulte
Slide 5: Key Financials Q2/2017
FINANCIALS 5 Key Financials Q2/2017* * Rounded figures; may not add up Q2/17 Q1/17 +/- (€ million) Adjusted Restructuring Actual % Adjusted Restructuring Actual Order intake 66.6 66.6 61.9 61.9 8 Order backlog (equipment only) 93.4 93.4 87.6 87.6 7 Revenues 60.6 60.6 53.6 53.6 13 Gross profit 16.0 1
Slide 6: Consolidated Income Statement
FINANCIALS 6 Consolidated Income Statement* * Rounded figures; may not add up Q2/17 Q1/17 +/- (€ million) Adjusted Restructuring Actual Adjusted Restructuring Actual % Revenues 60.6 60.6 53.6 53.6 13 Cost of sales 45.9 45.9 40.0 40.0 15 Gross profit 16.0 1.3 14.7 14.7 1.1 13.6 9 % 26 24 27 25 1pp Se
Slide 7: Consolidated Statement of Cash Flows
FINANCIALS 7 Consolidated Statement of Cash Flows* * Rounded figures; may not add up (€ million) H1/17 H1/16 Q2/17 Q1/17 Net Result -24.9 -26.6 -11.4 -13.5 Adjust for Non Cash Items 14.1 6.8 6.8 7.3 Changes in Working Capital 54.1 -19.4 13.3 40.8 Cash Flow from Operating Activities 43.3 -39.3 8.7 34
Slide 8: Balance Sheet
FINANCIALS 8 Balance Sheet* * Rounded figures; may not add up (€ million) 30/06/17 31/03/17 31/12/16 Property, plant & equipment 65.3 68.9 74.2 Goodwill 68.7 74.5 74.6 Other intangible assets 1.5 5.2 5.4 Others 2.1 2.1 2.4 Non-current assets 137.5 150.6 156.5 Inventories 36.4 49.9 54.2 Trade receiva
Slide 9: Technology Portfolio – Strategy
CORPORATE STRATEGY 9 Technology Portfolio – Strategy Executing Strategic Plans: OVPD/ NANO PVPD Innovation Pool APEVA SE Partner: OLED deposition Partner Establishing APEVA SE, a 100% subsidiary of AIXTRON; Joint Venture discussions in progress AIXTRON SE Freezing R&D: TFOS & TFE ALD/CVD MOCVD
Slide 10: Technology Portfolio
AIXTRON TECHNOLOGIES AND PRODUCTS 10 Technology Portfolio Photonics (e.g. VCSEL for 3D Sensing, Lasers for Datacom/ SiC AIXTRON SE Telecom) Power (e.g. EVs, Specialty Charging MOCVD Core LED Stations) Technology (e.g. Micro LED, ROY for Fine- pitch Displays, GaN Opto & Power Infrared, UV) Power (e.g
Slide 11: Financial Calendar & Contact Data
11 Financial Calendar & Contact Data • October 26, 2017 9M/2017 Results, Conference Call • February 2018 FY/2017 Results, Conference Call • April 2018 Q1/2018 Results, Conference Call • May 2018 Annual General Meeting, Aachen For further information please contact: Investor Relations & Corporate Com
Slide 12: AIXTRON – Our technology. Your future.
AIXTRON – Our technology. Your future. AIXTRON SE Dornkaulstr. 2 52134 Herzogenrath Germany Phone +49 (2407) 9030-0 Fax +49 (2407) 9030-40 E-Mai info@aixtron.com
Slide 13: Consolidated Income Statement
FINANCIALS 13 Consolidated Income Statement* * Rounded figures; may not add up H1/17 H1/16 +/- (€ million) Adjusted Restructuring Actual Actual % Revenues 114.1 114.1 55.5 106 Cost of sales 85.8 85.5 45.5 89 Gross profit 30.6 2.3 28.3 10.0 n.m. % 27 25 18 9 pp Selling expenses 5.3 5.3 5.8 -10 Genera
Slide 14: Revenue Analysis
OPERATIONS 14 Revenue Analysis* * Rounded figures; may not add up H1/2017: H1/2017: H1/2017: by equipment & spares by end application by region (equipment only) 3% 10% 17% 15% 8% 13% 44% 83% 25% 82% LED Equipment Silicon Asia Spares Power Electronics Europe Optoelectronics USA Others
Slide 15: 24-Month Business Development
FINANCIALS 15 24 - Month Business Development (€ million) Order Intake 69.0 60.5 61.9 66.6 (incl. equipment, 44.4 51.1 service, spare parts) 34.4 31.3 @ $1.25 @ $1.10 @ $1.10 Order Backlog 104.0 93.4 (equipment only) 86.2 87.6 72.3 78.1 67.7 42.9 @ $1.25 @ $1.10 @ $1.10 Total Revenues 89.8 60.6 (inc