Slide 1: 19th Ordinary General Meeting
19th Ordinary General Meeting May 25, 2016 – Hotel Pullman Aachen Quellenhof, Aachen May 25, 2016 | Pullman Aachen Quellenhof
Slide 2: Disclaimer
Disclaimer Additional information This document is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell securities. The takeover offer for the outstanding ordinary shares (including ordinary shares represented by American depositary shares) of AI
Slide 3: Forward-Looking Statements
19th ORDINARY GENERAL MEETING 3 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
Slide 4: 19th Ordinary General Meeting
19th ORDINARY GENERAL MEETING 4 19th Ordinary General Meeting Greeting and relevant information May 25, 2016 | Pullman Aachen Quellenhof
Slide 5: Agenda Item 1
19th ORDINARY GENERAL MEETING 5 General Meeting 2016 - Agenda Item 1 Agenda Item 1 Presentation of the adopted annual financial statements of AIXTRON SE as of December 31, 2015 and the management report for fiscal year 2015, the approved consolidated financial statements as of December 31, 2015, the
Slide 6: Staying Focused
19th ORDINARY GENERAL MEETING 6 Presentation on Agenda Item 1 „Staying Focused“ Martin Goetzeler Chief Executive Officer ●●●●●●● Dr. Bernd Schulte Chief Operating Officer May 25, 2016 | Pullman Aachen Quellenhof
Slide 7: Planned takeover by Fujian Grand Chip
19th ORDINARY GENERAL MEETING 7 Planned takeover by Fujian Grand Chip • Chinese investor Fujian Grand Chip Investment Fund LP (FGC) will launch a voluntary public takeover offer through its indirect German subsidiary Grand Chip Investment GmbH (GCI) for AIXTRON1 SE • Voluntary public takeover offer
Slide 8: Planned takeover by Fujian Grand Chip
19th ORDINARY GENERAL MEETING 8 Planned takeover by Fujian Grand Chip • AIXTRON shall further strengthen its technology and IP portfolio, which shall remain vested with AIXTRON • AIXTRON’s legal domicile and headquarters will remain in Herzogenrath, Germany • Executive and Supervisory Board support
Slide 9: Milestones reached 2015
19th ORDINARY GENERAL MEETING 9 Milestones reached 2015 Progress in the diversification of our technology and product portfolio Further strengthening of research and development Enhanced cost management Profitability on EBITDA basis in H2/2015 May 25, 2016 | Pullman Aachen Quellenhof
Slide 10: Overview Key Financials 2015
19th ORDINARY GENERAL MEETING 10 Overview Key Financials 2015 Revenue (IFRS) in EUR EBITDA in EUR million million 150 125,1 611 400 100 600 350 50 300 227,8 0 250 182,9 193,8 197,8 -16,4 200 -50 -41,3 150 -100 -67,9 100 -115,6 -150 50 2011 2012 2013 2014 2015 0 2011 2012 2013 2014 2015 Operating res
Slide 11: Our Technology Portfolio
19th ORDINARY GENERAL MEETING 11 Our Technology Portfolio Silicon Compound Semiconductors Organic Carbon Semiconductors MOCVD ALD/MOCVD OVPD®/PVPD®/TFE PECVD LEDs, Lasers and Power Management Silicon Graphene, Organic Electronics Optoelectronics GaN / SiC Semiconductors CNTs and CNWs • LEDs for disp
Slide 12: Product Lifecycle
19th ORDINARY GENERAL MEETING 12 Product Lifecycle Development stage Pilot stage High-volume stage MOCVD PE MOCVD LEDs ALD for Memory OLED Deposition (1 Customer*) MOCVD TFOS Carbon • Upfront investments needed for R&D • Small scale revenue in • AIXTRON‘s current revenue and in demo phase the pilot
Slide 13: Our Technology Portfolio
19th ORDINARY GENERAL MEETING 13 Our Technology Portfolio Compound Semiconductors MOCVD Power Management GaN / SiC • RF transistors • AC-DC converters • DC-DC converters • Solar inverters • Motor drives in industrial applications automotive and consumer electronics Increasing Equipment Demand Expect
Slide 14: Our Technology Portfolio
19th ORDINARY GENERAL MEETING 14 Our Technology Portfolio Silicon Semiconductors ALD/MOCVD Silicon Semiconductors • DRAM Dielectric and Metal Electrode • Flash Inter Poly Dielectric and Metals • Logic Gate stack • ReRAM and PCRAM Active element and Electrode • Logic High Mobility Channel Increasing
Slide 15: Our Technology Portfolio
19th ORDINARY GENERAL MEETING 15 Our Technology Portfolio Organic OVPD®/PVPD®/TFE Organic Electronics • OLEDs for display: TVs, mobile phones, tablets, etc. • Thin Film Encapsulation • OLEDs for lighting • Organic, flexible electronics • Organic Photovoltaics Equipment Demand Expected by: 2016/2017
Slide 16: Our Technology Portfolio
19th ORDINARY GENERAL MEETING 16 Our Technology Portfolio Carbon PECVD Graphene, CNTs and CNWs • Transistors • Interconnects • Flexible Electronics • Energy Storage • Sensors, etc. Increasing Equipment Demand Expected by: 2018 and beyond May 25, 2016 | Pullman Aachen Quellenhof
Slide 17: Quarterly Development in 2015
19th ORDINARY GENERAL MEETING 17 Quarterly Development in 2015 (€ million) Total Order Intake 48,9 52,5 34,4 31,3 Equipment (only) 79 91,2 Order Backlog 72,3 *) 42,9 *) am 1.1.15 zu 1,25 $/€ neu bewertet auf €69,0m Total Revenues (incl. equipment, 54,6 62,5 40,3 40,4 service, spare parts) Q1/2015 Q2
Slide 18: Consolidated Income Statement of the AIXTRON Group
19th ORDINARY GENERAL MEETING 18 Consolidated Income Statement of the AIXTRON Group * (€ million) 2015 2014 +/- Revenues 197,8 193,8 2% Cost of sales 147,9 154,1** -4% Gross profit 49,8 39,7** 26% Gross Margin 25% 20% 5 pp Selling expenses 11,5 14,1** -18% General & admin expenses 16,3 19,3 -16% R&D
Slide 19: Key Financials of AIXTRON SE (HGB)
19th ORDINARY GENERAL MEETING 19 Key Financials of AIXTRON SE (HGB)* (€ million) FY 2013 +/-2015 Q4/13 2014 Q4/12 +/- +/- Revenues 149,3 151,6 -2% Results from ordinary activities -31,0 -50,7 39% Net result -33,7 -52,5 36% Retained earnings -53,6 -1,1 Transfer to retained earnings 0 0 0 Accumulated
Slide 20: Consolidated Statement of Financial Position of the AIXTRON Group
19th ORDINARY GENERAL MEETING 20 Consolidated Statement of Financial Position of the AIXTRON Group* (€ million) 31/12/15 31/12/14 Property, plant & equipment 81,3 77,3 Goodwill 75,9 64,8 Other intangible assets 6,4 2,5 Others 3,9 4,6 Non-current assets 167,6 149,2 Inventories, WIP & Finished Goods 7
Slide 21: Consolidated Statement of Cash Flows of the AIXTRON Group
19th ORDINARY GENERAL MEETING 21 Consolidated Statement of Cash Flows of the AIXTRON Group* (€ million) FY 2013 +/- 2015 Q4/13 2014 Q4/12 +/- +/- Cash Flow from operating activities -45,7 -33,8 -35% Cash Flow from investing activities 41,2 -23,2 278% Cash Flow from financing activities -0,1 0,2 -300
Slide 22: Key Financials Q1/2016
19th ORDINARY GENERAL MEETING 22 Key Financials Q1/2016* 1) (€ million) FY 2013 +/- Q1/2016 Q4/13 Q1/2015 Q4/12 +/- +/- Order Intake 44,4 48,9 -9% Equipment Order Backlog 67,7 79,0 -14% Revenues 21,4 40,3 -47% Gross profit 3,1 8,8 -65% Operating result (EBIT) -14,7 -8,8 -67% Net result -15,5 -9,5 -6
Slide 23: Summary and Outlook
19th ORDINARY GENERAL MEETING 23 Summary and Outlook Objectives 2016 Revenues 170 – 200m Euro Further improvement of earnings* under condition of revenues at the upper end of guidance Successful qualification and commercialization of AIX R6, OLED and ALD Technology *Exchange rate USD/EUR 1,10
Slide 24: 19th ORDINARY GENERAL MEETING May 25, 2016 | Pullman Aachen Quellenhof
19th ORDINARY GENERAL MEETING 24 May 25, 2016 | Pullman Aachen Quellenhof
Slide 25: Thank you for your attention!
Thank you for your attention! AIXTRON SE Dornkaulstr. 2 52134 Herzogenrath Germany Phone +49 (2407) 9030-0 Fax +49 (2407) 9030-40 E-Mail invest@aixtron.com May 25, 2016 | Pullman Aachen Quellenhof