Aixtron Se · XETR:AIXA
Aixtron — H1 2010 Earnings Presentation
14 slides from Aixtron's earnings presentation, Jul 29, 2010
Slide 1: First Half 2010 Results
First Half 2010 Results July 29, 2010 Paul Hyland President & Chief Executive Officer Wolfgang Breme Executive Vice President & Chief Financial Officer
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation may contain forward-looking statements about the business, financial condition, results of operations and earnings outlook of AIXTRON within the meaning of the First Half 2010 Results “safe harbor” provisions of the United States Private Securities Litiga
Slide 3: Financial Highlights: Year on Year Comparison
Financial Highlights Year on Year Comparison (H1/2010 vs. H1/2009) First Half 2010 Results H1/2010 Revenues up 237% to €346.3m (H1/2009: €102.9m) H1/2010 Gross Margin up 10pp at 53% (H1/2009: 43%) H1/2010 EBIT up 769% to €106.9m with 31% margin (H1/2009: €12.3m with 12% margin) Basic EPS increased 6
Slide 4: Financial Highlights: Sequential Quarter Comparison
Financial Highlights Sequential Quarter Comparison (Q2/2010 vs. Q1/2010) First Half 2010 Results Quarterly Revenues up 24% to €191.8m (Q1/2010: €154.5m) Q2/2010 Gross Margin up 5pp at 55% (Q1/2010: 50%) EBIT up 31% to €60.6m with 32% margin (Q1/2010: €46.4m; 30%) Basic EPS increased 31% to €0.42 in
Slide 5: Operational Flexibility and Leverage
Operational Flexibility and Leverage Continued progress in profitability and margins First Half 2010 Results Increasingly cost-effective organization Solid financial position for continuing operations Flexible Cost Structure Improving Profit Margins Increasing Returns 80 35% 28% 60% Net Income 74.1
Slide 6: Consolidated Income Statement
Consolidated Income Statement (€ million) H1/10 H1/09 +/- Q2/10 Q2/09 +/- First Half 2010 Results Revenues 346.3 102.9 237% 191.8 56.7 238% Cost of sales 162.4 58.4 178% 85.9 33.2 159% Gross profit 183.9 44.5 313% 105.9 23.5 351% Gross Margin 53% 43% +10 pp 55% 41% +14 pp Selling expenses 25.2 9.5 1
Slide 7: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position (€ million) 30/06/10 31/12/09 30/06/09 First Half 2010 Results Property, plant & equipment 48.6 37.8 32.8 Goodwill 67.0 58.3 59.1 Other intangible assets 7.4 7.8 8.8 Others 30.1 14.8 11.2 Non-current assets 153.1 118.7 111.9 Inventories, WIP & Finished Go
Slide 8: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows (€ million) H1/2010 H1/2009 Q2/2010 Q2/2009 First Half 2010 Results Cash Flow from operating activities 94.8 14.5 22.9 9.1 Cash Flow from investing activities -55.4 -3.1 -20.4 -6.1 Cash Flow from financing activities -12.8 -6.2 -14.6 -6.2 Exchange rate changes 3.
Slide 9: Revenue Analysis
Revenue Analysis H1/2010: H1/2010: H1/2010: First Half 2010 Results by technology by end application by region (equipment only) 1% 3% 7% 2% 3% 2% 93% 95% 94% LED Equipment Telecom/Datacom Asia Spares Consumer/Optoelectronic Europe Solar USA Display & Others Silicon 28.07.2010 P9
Slide 10: Quarterly Business Development
199.7@$1.30/€ 24 - Month Business Development (€ million) @ $1.50/€ First Half 2010 Results Equipment (only) 52.2 40.6 31.2 57.9 117.6 168.5 175.4 Order Intake 163.3 284.7@$1.30/€ @ $1.50/€ Equipment (only) Order Backlog 158.1 105.0 100.7 109.4 152.4 * 203.8 229.9 250.0 @$1.35/€** Total Revenues (in
Slide 11: 2010 Revised Guidance Model
2010 Revised Guidance Model 2010 revenue guidance: ca. €750m First Half 2010 Results 2010 EBIT guidance: ca. 33% EBIT margin (€ million) Shippable equipment H1/2010 actual total revenue orders out of €250m total backlog as of 30/06/10 220 346 Assumed Q3-Q4 spares 22 & non-equipment revenues 162 ‘Shi
Slide 12: Key Takeaways
Key Takeaways Healthy and Promising Market Environment for LEDs First Half 2010 Results High backlighting penetration driving cost of ownership reduction Preparing for the lighting mass market Encouraged by Asian subsidies Met with the successful qualification/customer acceptance of higher volume ne
Slide 13: Financial Calendar & Contact Data
Financial Calendar & Contact Data October 28, 2010 Q3/2010 Results, Conference Call First Half 2010 Results March 10, 2011 FY2010 Results, Conference in Frankfurt April 28, 2011 Q1/2011 Results, Conference Call May 19, 2011 Annual General Meeting 2011 in Aachen For further information please contact
Slide 14: First Half 2010 Results
P 14 28.07.2010 First Half 2010 Results