Veeco Instruments Inc. · NASDAQ:VECO
Veeco Instruments — Merger or Acquisition (September 2013)
22 slides from Veeco Instruments's merger presentation, Sep 19, 2013
Slide 1: Veeco To Acquire Synos Technology: FAST-ALD for Flexible OLED Displays
September 19, 2013 Veeco To Acquire Synos Technology FAST-ALD™ for Flexible OLED Displays
Slide 2: Safe Harbor
Safe Harbor To the extent that this presentation discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These item
Slide 3: Veeco To Acquire Synos Technology - John Peeler, CEO
Veeco To Acquire Synos Technology John Peeler, CEO
Slide 4: Veeco to Acquire Synos Technology
Veeco to Acquire Synos Technology Jump-Start into Fast Growing Flexible OLED Market Aligned with biggest near-term OLED opportunity – Mobile Display – forecasted to be $5.5B by 2020* FAST-ALD™ Enables Cost Effective Production of Flexible Mobile Displays Revolutionary low-temperature, high-throughpu
Slide 5: Early Stage Company With Big Growth Potential
Ramping production shipments for mobile OLED Pilot production tool shipped Early Stage Company With Big Growth Potential 2010 2011 2012 2014-16 2009 2008 Established in 2008 by top semiconductor technologists Employees in California and Korea 50 Key Patents Issued and Pending in ALD Reactor Technolo
Slide 6: Jump Start into Fast Growing Flexible OLED Market
Jump Start into Fast Growing Flexible OLED Market 1
Slide 7: Mobile OLED Display Technology Transition
Mobile OLED Display Technology Transition Rigid Unbreakable Curved Bendable Foldable New Flexible Products Expected in 2014
Slide 8: Mobile Displays: Largest Near-Term OLED Market
$ in Billions Mobile Displays: Largest Near-Term OLED Market OLED industry revenues forecasted to exceed $35B by 2020 Flexible being adopted for mobile phones and two years from now for tabletsTVs and Lighting also an opportunity *Display Search Dec 2012 report “The next WOW FACTOR in mobile will co
Slide 9: Flexible OLED is a Big Needle Mover for Mobile
OR Flexible OLED is a Big Needle Mover for Mobile With Plastic OLED Rigid OLED Display Weight: 130g Thickness: 7.9mm Battery: 2,600mAh Weight: 111.7g Thickness: 7.1mm Battery: 2,600mAh Weight: over 130g Thickness: 7.9mm Battery: 3,100mAh Source: IHS Electronics & Media, Mobile & Emerging Display Rep
Slide 10: Huge Growth Wave as Flexible Displays Penetrate Mobile
Huge Growth Wave as Flexible Displays Penetrate Mobile Source: IHS iSuppli research, March 2013, Veeco estimates Mobile Flexible OLED Sales Expected to Surge to $5.5B by 2020 ~14% of smartphones will be flexible by 2016 OLED Mobile Handsets Smartphone Flexible OLED Units
Slide 11: Veeco To Acquire Synos Technology - Bill Miller, Ph.D.
Veeco To Acquire Synos Technology Bill Miller, Ph.D., Executive Vice President
Slide 12: Fast Array Scanning ALD Technology Enables Cost Effective Production
2 Fast Array Scanning ALD Technology Enables Cost Effective Production of Flexible Mobile Displays
Slide 13: 1+1 = 3: Combination will Accelerate Growth
1+1 = 3: Combination will Accelerate Growth 3
Slide 14: Joining Veeco will Accelerate Synos' Growth
Joining Veeco will Accelerate Synos’ Growth Large Capital Equipment Company Resources Talent and Infrastructure Scale-Up Customer Connectivity Global Supply Chain and Quality Management Production Ramp Expertise Go-To-Market Experience in Multiple Adjacencies
Slide 15: Significant Near Term Growth Engine; Opportunity for Multi-Year Homerun
Significant Near Term Growth Engine; Opportunity for Multi-Year Homerun $1B+ Multi-Year Opportunity $200M+ Annual Shipments by 2015 Synos’ Near-Term OLED Opportunity >$400M Broad Applications for FAST-ALD in Adjacent Markets Semiconductor, Solar, Batteries and Other OLED TV and Lighting Synos at Pro
Slide 16: Veeco To Acquire Synos Technology - Dave Glass, CFO
Veeco To Acquire Synos Technology Dave Glass, Chief Financial Officer
Slide 17: Financial Implications of the Transaction
Financial Implications of the Transaction P&L Currently anticipate new orders to begin in Q4’13/Q1’14 2014 Shipments could approach $80M; ~½ revenue deferred until 2015 Accretive in Q4’14; slightly dilutive for full year Gross margins >40% as business ramps Measured buy-in to high growth company: $7
Slide 18: Our R&D is Best-in-Class
Our R&D is Best-in-Class Veeco’s exceptional R&D organization delivers systems that enable the future Our Technology supports energy savings, mobility, higher performance devices and network storage We Make Thin Film Process Equipment Growing, depositing, etching and processing thin films is our cor
Slide 19: Great Fit for our Three Mega Trend Strategy
Great Fit for our “Three Mega Trend” Strategy Energy Efficiency Personal Mobility Emerging Applications & Technologies LED Lighting (MOCVD) Wireless Chips (MBE) Semiconductor Research (MBE) Hard Disk Drives (Data Storage) Optical Coatings (Data Storage) Build on Existing Leadership Advancing Thin Fi
Slide 20: Synos Puts Veeco on the Fast Track in OLED
Synos Puts Veeco on the Fast Track in OLED Jump-Start into Fast Growing Flexible OLED Market FAST-ALD Enables Cost Effective Production of Flexible Mobile Displays Combination will Accelerate Growth 1 3 2
Slide 21: Veeco To Acquire Synos Technology Q&A Session
Veeco To Acquire Synos Technology Q&A Session
Slide 22: Veeco To Acquire Synos Technology: FAST-ALD for Flexible OLED Displays
Veeco To Acquire Synos Technology FAST-ALD™ for Flexible OLED Displays
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