Slide 1: AIXTRON Investor Presentation: First Quarter 2017 Results
AIXTRON Investor Presentation First Quarter 2017 Results (April 25, 2017) © AIXTRON Investor Relations, April 2017
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. These statements may be identified by words such as “may”, “will”, “expect”, “anticipate”, “contemplate”, “
Slide 3: AIXTRON – Q1/2017 Events
3 AIXTRON – Q1/2017 Events Strong Order Intake, Equipment Order Backlog and Revenues – Guidance Confirmed Strong Free Cash Flow and Cash Position – Lowered Inventory OLED/OVPD: Technological Milestone Reached NASDAQ Delisting and SEC Deregistration Completed Re-Entry into TecDAX Index in M
Slide 4: AIXTRON – 2017 Guidance: Confirmed
OUTLOOK 4 AIXTRON – 2017 Guidance: Confirmed* 2017 Guidance* • 2017 Revenues and Total Order Intake between EUR 180 ~ 210 million. Q1/2017 Revenues: EUR 53.6m • Improvement of 2017 Free Cash Flow vs. 2016 Free Cash Flow. 2017 Shippable Order Backlog: EUR 76m • Positive EBIT in full year 2018. 2017 S
Slide 5: Key Financials Q1/2017
FINANCIALS 5 Key Financials Q1/2017 Rounded figures; may not add up +/- +/- (€ million) Q1/16 Q1/17 Q4/16 Q1/17 % % Order intake 44.4 61.9 39 60.5 61.9 2 Order backlog (equipment only) 67.7 87.6 29 78.1 87.6 12 Revenues 21.4 53.6 – 89.8 53.6 -40 Gross profit (incl. € 1m TFOS effect) 3.1 13.6 – 29.4
Slide 6: Consolidated Income Statement
FINANCIALS 6 Consolidated Income Statement* +/- +/- (€ million) Q1/16 Q1/17 Q4/16 Q1/17 % % Revenues 21.4 53.6 – 89.8 53.6 -40 Cost of sales (incl. € 1m TFOS effect) 18.3 40.0 – 60.5 40.0 -34 Gross profit 3.1 13.6 – 29.4 13.6 -54 % 15 25 10 pp 33 25 -8 pp Selling expenses 2.9 2.6 -10 4.8 2.6 -46 Gen
Slide 7: Consolidated Statement of Cash Flows
FINANCIALS 7 Consolidated Statement of Cash Flows* (€ million) Q1/16 Q1/17 Q4/16 Q1/17 Net Result -15.5 -13.5 6.4 -13.5 Adjust for Non Cash Items 3.7 7.3 5.9 7.3 Changes in Working Capital -7.6 40.8 -15.0 40.8 Cash Flow from Operating Activities -19.4 34.6 -2.7 34.6 Capital Expenditures -5.1 -1.3 -2
Slide 8: Balance Sheet
FINANCIALS 8 Balance Sheet (€ million) 31/03/16 31/12/16 31/03/17 Property, plant & equipment 79.0 74.2 68.9 Goodwill 74.6 74.6 74.5 Other intangible assets 6.0 5.4 5.2 Others 3.3 2.4 2.1 Non-current assets 162.9 156.5 150.6 Inventories 73.6 54.2 49.9 Trade receivables 18.2 60.2 29.6 Others 9.1 5.3
Slide 9: Compound Semiconductors – Enabling Breakthrough Technologies
AIXTRON TECHNOLOGIES AND PRODUCTS 9 Compound Semiconductors – Enabling Breakthrough Technologies Hyperscale Data Centers Faster Connectivity (Optical, Lasers, Communication) Power Management Mobile Applications 3D Gesture Sensing (Power) (Optics, Lasers) Advanced Processors Wireless Charging (III-V
Slide 10: Financial Calendar & Contact Data
10 Financial Calendar & Contact Data • May 9, 2017 Annual General Meeting, Aachen • July 25, 2017 H1/2017 Results, Conference Call • October 26, 2017 9M/2017 Results, Conference Call • February 2018 FY/2017 Results, Conference Call For further information please contact: Investor Relations & Corpora
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: Revenue Analysis
OPERATIONS 12 Revenue Analysis Q1/2017: Q1/2017: Q1/2017: by equipment & spares by end application by region (equipment only) 7% 2% 11% 19% 8% 19% 52% 20% 81% 81% LED Equipment Silicon Asia Spares Power Electronics Europe Optoelectronics USA Others
Slide 13: 24-Month Business Development
FINANCIALS 13 24 - Month Business Development (€ million) Order Intake 69.0 60.5 61.9 (incl. equipment, 52.5 44.4 51.1 34.4 31.3 service, spare parts) @ $1.25 @ $1.10 @ $1.10 Order Backlog 91.2 104.0 86.2 87.6 (equipment only) 72.3 67.7 78.1 42.9 @ $1.25 @ $1.10 @ $1.10 Total Revenues 89.8 (incl. eq