Veeco Instruments Inc. · NASDAQ:VECO
Veeco Instruments — Merger or Acquisition (March 2017)
21 slides from Veeco Instruments's merger presentation, Mar 7, 2017
Slide 1: Cautionary Statements: Forward-Looking Statements
Cautionary Statements Forward-Looking Statements This written communication contains forward-looking statements that involve risks and uncertainties concerning the proposed acquisition by Veeco Instruments Inc. (“Veeco”), of Ultratech, Inc. (“Ultratech”), Ultratech’s and Veeco’s expected financial p
Slide 2: Cautionary Statements (continued)
Cautionary Statements (continued) Additional Information and Where to Find It In connection with the proposed acquisition by Veeco of Ultratech pursuant to the Agreement and Plan of Merger by and among Ultratech, Veeco and Ulysses Acquisition Subsidiary Corp., Veeco will file with the Securities and
Slide 3: Cautionary Statements (continued)
Cautionary Statements (continued) Additional Information and Where to Find It In connection with the proposed acquisition by Veeco of Ultratech pursuant to the Agreement and Plan of Merger by and among Ultratech, Veeco and Ulysses Acquisition Subsidiary Corp., Veeco will file with the Securities and
Slide 4: Veeco at a Glance
Veeco at a Glance Leading deposition and etch solutions provider; Veeco enables high-tech electronic device manufacturing Founded in 1989 $332 million in 2016 sales US R&D Centers Plainview, NY (also headquarters) Somerset, NJ Horsham, PA Saint Paul, MN Operations in 10 countries ~750 employees worl
Slide 5: Where We Are
Where We Are Fremont, CA Plainview, NY St. Paul, MN Somerset, NJ Munich, Germany Shanghai, China Hsinchu City, Taiwan Penang, Malaysia Bundang-gu, Korea Singapore Philippines Bangkok, Thailand Tokyo, Japan Horsham, PA
Slide 6: Global Trends Aligned with Veeco's End Markets
Global Trends Aligned with Veeco’s End Markets Lighting, Display & Power Electronics Advanced Packaging, MEMS & RF Scientific, Industrial & Data Storage ENERGY EFFICIENCY MOBILITY FOUNDATIONAL Smartphone trends driving ~60% CAGR for FO WLP(2) Doubling of RF Filter content(3) Source: IHS for 2014-202
Slide 7: Veeco's Technologies Address High Growth Markets
Veeco’s Technologies Address High Growth Markets Power Electronics LED Lighting & Display MEMS Advanced Packaging RF MOCVD Metal Organic Chemical Vapor Deposition PSP Precision Surface Processing MBE Molecular Beam Epitaxy IBE Ion Beam Etch
Slide 8: Track Record of Technology Leadership
Track Record of Technology Leadership Source: IHS Company estimates for Metal Lift-off applications MOCVD – Metal Organic Chemical Vapor Deposition PSP – Precision Surface Processing MBE – Molecular Beam Epitaxy Market leader in MOCVD 5-years running(1) PSP versatile single-wafer wet solutions(2) In
Slide 9: Veeco Summary
Veeco Summary Market Leaders We are a leader in each of our core technologies – MOCVD, MBE, IBE/IBD, Wet Etch and Other Advanced Thin Film Process Technologies Exceptional Technology Our people, technology and process knowledge enables us to deliver systems with the lowest CoO to the world’s leading
Slide 10: Veeco Summary
Veeco Summary Market Leaders We are a leader in each of our core technologies - MOCVD, MBE, IBE/IBD, Wet Etch and Other Advanced Thin Film Process Technologies Exceptional Technology Our people, technology and process knowledge enables us to deliver systems with the lowest CoO to the world's leading
Slide 11: Complementary Markets, Cutting Edge Technologies
Complementary Markets, Cutting Edge Technologies MBE & Ion Beam MOCVD PSP Advanced Packaging, MEMS & RF Scientific, Industrial & Data Storage Lighting, Display & Power Electronics Advanced Packaging Scientific Lighting & Display Veeco 2016 Revenue Ultratech FY 2016 Revenue Lithography LSA 3D Inspect
Slide 12: 2017 Veeco Strategic Focus
2017 Veeco Strategic Focus Lighting, Display and Power Electronics Advanced Packaging, MEMs & RF Key Technologies LSA IBE & PVD encapsulation MOCVD SuperFast Metrology Market Focus 28 nm and below Logic STT RAM III-V CMOS Key Technologies MBE ALD IBE IBD PVD DLC Market Focus Scientific R&D (MBE & AL
Slide 13: A Compelling Combination for All Stakeholders
A Compelling Combination for All Stakeholders Employees Customers Stockholders Diversified revenue for improved stability Like cultures with focus on innovation Increased scale provides opportunities for advancement and professional growth Increased scale and better positioned to address customers’
Slide 14: Enabling Technology Breakthroughs
Enabling Technology Breakthroughs Veeco provides process equipment solutions that drive tomorrow’s technology breakthroughs today. Dynamic, Innovative and High-Growth We are a dynamic, innovative and high-growth company recognized as the best in the markets we serve. Vision A More Productive, Cleane
Slide 15: Veeco's Operating Principles
Veeco’s Operating Principles Speed is a vital competitive weapon Our people drive our success Promote a results-oriented, high performance environment Be passionate about technology & product leadership Customers are our reason for being Exemplify integrity in our words and our actions
Slide 16: Other Important Veeco Values
Other Important Veeco Values Teamwork across organizations and Business Units Transparency shine light on good and (especially) bad news we deal with bad news better than surprises Demonstrate respect and fairness for others No politics. Period.
Slide 17: From Now to Closing: Focus on Learning & Planning
From Now to Closing: Focus on Learning & Planning Function as two independent companies; run both organizations for success Use this time to learn about each other: People and Organizations - Key players, structure and culture Processes - How things get done Identify the best opportunities - Product
Slide 18: Integration Expectations
Integration Expectations We do not plan to reduce salaries and we expect benefits to be equal or better in aggregate We have no plans to move out from the Zanker Road facility The Ultratech name will continue to be used but perhaps in a different way Veeco uses a Business Unit structure and Ultratec
Slide 19: How You Can Help
How You Can Help Change can be distracting and unsettling but it also presents opportunity. Here’s what you can do: Maintain focus on your current role and your established goals and objectives Look for opportunities to engage in the learning process help us learn about what makes Ultratech great St
Slide 20: Major Benefits – US Employees
Major Benefits – US Employees Primary Objective: Align benefits programs to the greatest degree possible without significant employee disruption Healthcare: Veeco & Ultratech both use Cigna for medical Plans are generally comparable with small differences Ultratech Health & Welfare plans to continue
Slide 21: Major Benefits - US Employees
Confidential Major Benefits - US Employees > Primary Objective: Align benefits programs to the greatest degree possible without significant employee disruption > Healthcare: Veeco & Ultratech both use Cigna for medical » Plans are generally comparable with small differences » Ultratech Health & Welf
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