Aixtron Se · XETR:AIXA
Aixtron — 9M 2014 Earnings Presentation
12 slides from Aixtron's earnings presentation, Oct 28, 2014
Slide 1: AIXTRON Investor Presentation
AIXTRON Investor Presentation First Nine Months 2014 Results (October 28, 2014)
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 within the meaning of the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995.
Slide 3: Key Financials Q3/2014
FINANCIALS 3 Key Financials Q3/2014* (€ million) Q3/14 Q3/13 YoY Q3/14 Q2/14 QoQ Revenues 45.6 46.2 -1% 45.6 46.2 -1% Gross profit 6.5 10.6 -39% 6.5 12.6 -48% Gross margin 14% 23% -9 pp 14% 27% -13 pp Operating result (EBIT) -17.9 2.9 n. a. -17.9 -10.6 -69% EBIT margin -39% 6% -45 pp -39% -23% -16 p
Slide 4: Consolidated Income Statement
FINANCIALS 4 Consolidated Income Statement* (€ million) 9M/14 9M/13 +/- Q3/14 Q2/14 +/- Revenues 135.8 131.8 3% 45.6 46.2 -1% Cost of sales 105.8 156.6 -32% 39.1 33.6 17% Gross profit 29.9 -24.8 221% 6.5 12.6 -49% Gross Margin 22% -19% 41 pp 14% 27% -13 pp Selling expenses 10.9 21.2 -49% 3.6 3.4 5%
Slide 5: Consolidated Statement of Financial Position
FINANCIALS 5 Consolidated Statement of Financial Position* (€ million) 30/09/14 31/12/13 30/09/13 Property, plant & equipment 78.2 79.9 92.4 Goodwill 64.8 64.1 64.3 Other intangible assets 2.6 3.1 3.2 Others 5.9 5.7 5.6 Non-current assets 151.5 152.7 165.5 Inventories, WIP & Finished Goods 83.5 66.2
Slide 6: Promising Future Markets
AIXTRON TECHNOLOGIES AND PRODUCTS 6 Promising Future Markets Silicon Compound Semiconductors Organic Carbon Semiconductors ALD (MOCVD) MOCVD OVPD®/PVPD® PECVD Silicon Compound Power Management Organic and large Graphene, Semiconductors Semiconductors GaN / SiC area thin films CNTs and CNWs • DRAM Di
Slide 7: 5-Point-Program - Return to Sustainable Profitability
OPERATIONS 7 5-Point-Program - Return to Sustainable Profitability 1 Customer Focusing on customer benefit 2 Technology & Products Putting unique technology portfolio to more effective use, further strengthening future products 3 Efficiency Optimizing process and project structures systematically 4
Slide 8: Financial Calendar & Contact Data
8 Financial Calendar & Contact Data February 2015 FY/2014 Results, Conference Call April 2015 Q1/2015 Results, Conference Call May 2015 Annual General Meeting, Aachen July 2015 H1/2015 Results, Conference Call October 2015 9M/2015 Results, Conference Call For further information please con
Slide 9: 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-Mail invest@aixtron.com
Slide 10: Consolidated Statement of Cash Flows
FINANCIALS 10 Consolidated Statement of Cash Flows* (€ million) 9M/2014 9M/2013 Q3/2014 Q2/2014 Cash Flow from operating activities -43.6 4.9 -18.5 -15.3 Cash Flow from investing activities 6.1 14.7 26.0 4.4 Cash Flow from financing activities -0.1 1.3 0.1 -0.2 Exchange rate changes 5.2 -1.6 4.6 1.0
Slide 11: Revenue Analysis
OPERATIONS 11 Revenue Analysis 9M/2014: 9M/2014: 9M/2014: by equipment & spares by end application by region (equipment only) 5% 5% 7% 26% 14% 8% 8% 72% 81% 74% LED Equipment Silicon Asia Spares Power Electronics Europe Optoelectronics USA Others 2014 | First Nine Months 2014 Results | Herzogenrath
Slide 12: 24-Month Business Development Equipment Order Backlog
FINANCIALS 12 24 - Month Business Development (€ million) Equipment (only) 35.4 29.9 30.5 35.7 37.1 37.7 38.2 37.6 Order Intake @ $1.40 @ $1.30 @ $1.35 Equipment (only) 79.4 78.4 71.6 72.8 64.2 66.4 70.7 59.6* Order Backlog @ $1.40 @ $1.30 @ $1.35 *) revalued on Jan.1, 2014 to €58.1m at $1.35/€ Tota