Novanta Inc. · NASDAQ:NOVT
Novanta — GSI Lumonics — Investor Presentation (August 2004)
23 slides from Novanta's investor presentation, Aug 4, 2004
Slide 1: GSI Lumonics
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Slide 2: Safe Harbor
Safe Harbor Certain statements in this presentation may constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the United States Securities Act of 1933 and Section 21E of the United States Securities Exchange Act
Slide 3: Enabling technologies, strong balance sheet, growth
Enabling technologies Strong balance sheet Growth
Slide 4: Business Segments % of Revenue Q2 2004
Business Segments % of Revenue Q2 2004* *Exceeds 100%, as this includes sales between segments, which is 7% of total sales Q2.
Slide 5: Global Sales % of Revenue Q2 2004
Global Sales % of Revenue Q2 2004
Slide 6: Market Segments % of Revenue Q2 2004
Market Segments % of Revenue Q2 2004* * management's estimate
Slide 7: Major Customers - Q2
Major Customers - Q2°"""““lligsitumonics) Psamsuncd Caos % Digital ‘Kodak Krisicre sot Pe «|| Medtronic kooky Sumitomo FG) Satamue \ aaa ELPIDA DELPHI lfnoctve DENSO ‘@6SI Limenies 2004
Slide 8: Acquisition Strategy
Acquisition Strategy Enabling technologies Complementary products Use of cash Accretive Track record DRC (2003) Spectron (2003) Westwind Air Bearings (2003) MicroE (2004)
Slide 9: Westwind acquisition
Westwind Rotary motion Cash purchase - $35 million Accretive in Q1'04 Sales in 2003 - $30 million Leading supplier PCB drilling spindles Future growth opportunities: data storage industrial printing
Slide 10: MicroE acquisition
MicroE Motion control Cash purchase - $55 million Accretive Q2'04 Sales in Q1'04 - $7.7 million Leader in data storage Future growth opportunities: robotics medical industrial
Slide 11: Precision Components Technology
Precision Components Technology Scanners Encoders Optics Rotary Motion Light Industrial l l l Electronics & Semiconductor l l l l Medical Equipment l l l Other l l l l Market
Slide 12: Precision Components Sales
Precision Components Sales (US$ Millions)* * These sales include sales between segments.
Slide 13: Lasers Technology
Lasers Technology YAG DPSS CO2 YLF Excimer Light Industrial l l l l Electronics & Components l l l Medical Equipment l l Other l l l l l Market
Slide 14: Lasers Sales
Lasers Sales (US$ Millions)* * These sales include sales between segments.
Slide 15: Systems Technology
Systems Technology Memory Repair Wafer Trimming Wafer Marking CSP Marking Circuit Trimming PCB Inspection Semiconductor l l l l Electronics l l Market
Slide 16: Systems Sales
Systems Sales (US$ Millions)
Slide 17: Revenue & Earnings Trends
Revenue & Earnings Trends Revenues (US$ Millions) Earnings (US$ Millions)
Slide 18: Bookings & Backlog
Bookings & Backlog (US$ Millions) Bookings* Backlog** * This includes Westwind in Q4 '03 and MicroE in Q2 '04. * * This includes MicroE
Slide 19: Business Situation
Business Situation Global macro-economic strength Semi-Electronics recovery solid Medical equipment sales firm Industrial sectors recovering
Slide 20: Semi-Electronic Market Drivers
Semi-Electronic Market Drivers Notebook pc's Mobile phones PDA's Digital cameras Wireless tools & equipment Flat panel displays
Slide 21: Selected Balance Sheet
Selected Balance Sheet* Cash & Investments $72.1 Total Assets $357.5 NBV $285.1 *All values in $US millions actual as of July 2, 2004
Slide 22: Targeted Business Model
Targeted Business Model Q2 2004 Target Revenues Gross margin Engineering SG & A expenses Amortization Other Operating profit 100 % 100 % 42 % 45 % 7.1 % 9 % 17.1 % 17 % 1.4 % 2 % 15.9 % 17 % 0.5 % 0 %
Slide 23: GSI Lumonics - In Review
GSI Lumonics - In Review Position: New products Excellent market relationships Strong balance sheet - no debt Growth: Business recovery Acquire technologies Expand market niches