Slide 1: AIXTRON Investor Presentation: First Quarter 2016 Results
AIXTRON Investor Presentation First Quarter 2016 Results (April 26, 2016) © AIXTRON Investor Relations, April 2016
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: AIXTRON – Confident to meet 2016 Guidance
OUTLOOK 3 AIXTRON – Confident to meet 2016 Guidance • Confirm 2016 Guidance (Based on 1.10 USD/EUR Budget Rate): • Revenues between EUR 170 ~ 200 Million • H2/2016 > H1/2016 • FY/16 Order Intake Similar to FY/15 Level (Currency Adjusted) • With 2016 Revenues at High End of Range: Slight Improvement
Slide 4: AIXTRON – Confident to meet 2016 Guidance
OUTLOOK 4 AIXTRON – Confident to meet 2016 Guidance Q1/2016 Revenues: EUR 21.4mn Shippable order Backlog as of Q1/2016: Required Shippable EUR 68mn Order Intake: Ca. EUR 48-78m Spares & Service (Q2-Q4/2016) Revenues: Ca. EUR 33mn 2014 | Fiscal Year 2014 Results | Herzogenrath
Slide 5: Key Financials Q1/2016
FINANCIALS 5 Key Financials Q1/2016* (€ million) Q1/16 Q1/15 YoY Q1/16 Q4/15 QoQ Revenues 21.4 40.3 -47% 21.4 62.5 -66% Gross profit 3.1 8.8 -65% 3.1 19.6 -84% Gross margin 15% 22% -7 pp 15% 31% -16 pp EBITDA -11.7 -6.4 -83% -11.7 1.3 n.m. Operating result (EBIT) -14.7 -8.8 -67% -14.7 -1.5 n.m. EBIT
Slide 6: Consolidated Income Statement
FINANCIALS 6 Consolidated Income Statement* (€ million) Q1/16 Q1/15 +/- Q1/16 Q4/15 +/- Revenues 21.4 40.3 -47% 21.4 62.5 -66% Cost of sales 18.3 31.5 -42% 18.3 42.8 -57% Gross profit 3.1 8.8 -65% 3.1 19.6 -84% Gross Margin 15% 22% -7 pp 15% 31% -16 pp Selling expenses 2.9 3.3 -12% 2.9 2.6 12% Gener
Slide 7: Consolidated Statement of Financial Position
FINANCIALS 7 Consolidated Statement of Financial Position* (€ million) 31/3/16 31/12/15 31/3/15 Property, plant & equipment 79.0 81.3 79.4 Goodwill 74.6 75.9 65.7 Other intangible assets 6.0 6.4 2.3 Others 3.3 3.9 5.0 Non-current assets 162.9 167.6 152.5 Inventories, WIP & Finished Goods 73.6 70.8 8
Slide 8: AIXTRON Q1/2016 Operational Highlights
OPERATIONS 8 AIXTRON Q1/2016 Operational Highlights Power (G5+ C; G5 WW) Imec qualifies GaN-on-Si Materials for high voltage applications LG Innotek: Cooperation on SiC Applications GaN-LED (AIX R6): Epistar qualified AIX R6 showerhead technology Carbon Nano: Graphenea to expand Graphene
Slide 9: AIXTRON Q1/2016 Recap
OPERATIONS 9 AIXTRON Q1/2016 Recap Positive Order Dynamics Driven by Multiple Applications Sustained strong R&D despite short term Revenue Low Sustained Cost Discipline Strong Balance Sheet: Equity Ratio at 84%, Total Cash at 182m Excluding one offs (San’an Repayment): Free Cash Flow nea
Slide 10: Financial Calendar & Contact Data
10 Financial Calendar & Contact Data • May 25, 2016 Annual General Meeting, Aachen • July 26, 2016 H1/2016 Results, Conference Call • October 25, 2016 9M/2016 Results, Conference Call • February 2017 FY/2016 Results, Conference Call For further information please contact: Investor Relations & Corpor
Slide 11: 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-Mai info@aixtron.com
Slide 12: Consolidated Statement of Cash Flows
FINANCIALS 12 Consolidated Statement of Cash Flows* (€ million) Q1/16 Q1/15 Q1/16 Q4/15 Cash Flow from operating activities -19.4 -10.1 -19.4 -32.1 Cash Flow from investing activities 7.1 11.3 7.1 30.1 Cash Flow from financing activities 0.0 0.0 0.0 0.0 Exchange rate changes -2.7 6.2 -2.7 0.8 Net ch
Slide 13: Revenue Analysis
OPERATIONS 13 Revenue Analysis Q1/2016: Q1/2016: Q1/2016: by equipment & spares by end application by region (equipment only) 8% 15% 17% 44% 13% 36% 26% 70% 56% 15% LED Equipment Silicon Asia Spares Power Electronics Europe Optoelectronics USA Others
Slide 14: 24-Month Business Development
FINANCIALS 14 24 - Month Business Development (€ million) Total Order Intake 49.7 50.2 49.3 48.9 52.5 44.4 34.4 31.3 @ $1.35 @ $1.25 @ $1.10 Equipment (only) 91.2 70.7 79.0 72.3 66.4 65.2 67.7 Order Backlog 42.9 * @ $1.35 @ $1.25 @ $1.10 *) revalued on Jan.1, 2016 to €46.7m at $1.10/€ Total Revenues