Slide 1: Q3/2023 Investor Presentation
Q3/2023 Investor Presentation Dr. Felix Grawert, CEO Dr. Christian Danninger, CFO October 26th, 2023
Slide 2: Forward-Looking Statements
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”, “intend”, “pla
Slide 3: AIXTRON – Q3/2023 Highlights
AIXTRON – Q3/2023 Highlights Q3/2023: AIXTRON Fully on Track for 2023 Growth Guidance ▪ Order intake in Q3/2023 at EUR 118m ▪ Equipment order backlog with EUR 368m on last years level ▪ SiC & GaN Power Electronics again biggest demand drivers ▪ Recently introduced G10-GaN completes new product gener
Slide 4: Consolidated Income Statement
Consolidated Income Statement1 (EUR million) 9M/2023 9M/2022 +/- (%) Q3/2023 Q3/2022 +/- (%) Revenues 415.7 279.9 49% 165.0 88.9 86% Cost of sales 234.9 166.9 41% 88.8 49.5 79% Gross profit 180.8 113.1 60% 76.2 39.3 94% Gross margin 43% 40% 3pp 46% 44% 2pp Selling expenses 10.1 7.8 29% 3.4 2.7 26% G
Slide 5: Consolidated Balance Sheet
Consolidated Balance Sheet1 (EUR million) 30.09.23 30.06.23 31.12.22 Property, plant & equipment and leased assets 106.2 102.3 99.0 Goodwill 72.8 72.5 72.5 Other intangible assets 3.3 3.1 3.3 Others 36.6 36.2 35.0 Non-current assets 218.9 214.2 209.7 Inventories 380.5 332.8 223.6 Trade receivables 1
Slide 6: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows1,2 (EUR million) 9M/2023 9M/2022 Q3/2023 Q3/2022 Net result 83.5 50.2 39.6 19.1 Adjust for: Non-cash items 9.1 2.4 3.8 (1.9) Changes in Working Capital (158.2) (15.4) (38.5) (16.4) Cash flow from operating activities (65.6) 37.2 4.9 0.8 Capital expenditures/dispo
Slide 7: AIXTRON – FY/2023 Growth Guidance Reiterated
AIXTRON – FY/2023 Growth Guidance Reiterated EUR million FY/2023 Guidance1 Revenue Guidance FY/2023 EUR million Total Order Intake EUR 620m – 700m ~80 ~100 160-220 Revenues EUR 600m – 660m ~ 415~370 ~ 25 ~300 Gross Margin (%) Around 45% EBIT Margin (%) 25% – 27% 9m/23 Revenues Q4/23e Revenues from A
Slide 8: 24 Months Business Development
24 Months Business Development EUR million Order Intake Revenues Order Backlog (incl. equipment & after sales)1 (incl. equipment & after sales)2 (equipment only)1 @ @ @ $1.25 @ $1.20 @ $1.15 $1.19 @ $1.06 @ $1.08 $1.25 @ $1.20 @ $1.15 418 412 369 368 352 314 260 178 181 183 173 165 215 153 160 143 1
Slide 9: 9M/2023 Revenue Analysis
9M/2023 Revenue Analysis1 Equipment & After Sales End Application (equipment only) Regional Split 16% 11% 6% 23% 44% 84% 33% 82% Equipment LED inkl. Micro LED Asia After Sales Power Electronics Europe Optoelectronics & Communications² Americas 1 Rounded figures; may not add up Other incl. R&D (<1%)
Slide 10: Annual Total Revenues by Application (including After Sales)
Annual Total Revenues by Application (including After Sales) EUR million 600-660e Q4/ 23e 463 429 9M/2023 269 260 269 230 183 194 198 196 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 LED incl. Micro LED Power Electronics Optoelectronics and Communication Other incl. R&D After Sales Silicon
Slide 11: Demand Drivers on Order Intake per Quarter (Equipment Only)
Demand Drivers on Order Intake per Quarter (Equipment Only) EUR million 170 SiC Power Electronics Equipment Demand 160 150 GaN Power Electronics, 140 Lasers, ROY & Micro LEDs 130 120 110 WBG Power Electronics, Lasers, ROY LEDs 100 3D Sensing 90 Lasers 80 (VCSELs) 70 60 50 40 30 20 10 Q3 Q4 Q1 Q2 Q3
Slide 12: EU Taxonomy Alignment & ESG-Ratings
EU Taxonomy Alignment & ESG-Ratings FY/2022: Revenues EU Taxonomy Aligned Technologies ESG-Ratings ▪ Wide Band Gap (WBG) Power ▪ CDP: Taxonomy Aligned Semiconductors based on: ▪ 2022: B ▪ Gallium Nitride (GaN) and ▪ 2021: B Taxonomy Non-Aligned ▪ Silicon Carbide (SiC) ▪ 2020: D Key technologies for
Slide 13: What We Do
What We Do AIXTRON - a leading global supplier of Deposition Equipment for the Compound Semiconductor Industry 12
Slide 14: Our Technology Portfolio for the Deposition of Complex Materials
Our Technology Portfolio for the Deposition of Complex Materials GaN Power & RF Lasers (VCSEL/EEL) (e.g., Fast Charging, IT Power (e.g., Optical Datacom, Machine Optoelectronics / LEDs Supply, 5G, Wireless Vision, 3D Sensing, LiDAR) Power Management Communication) MOCVD Core Technology SiC Power Mic
Slide 15: AIXTRON - Market Position in MOCVD Deposition Equipment
AIXTRON - Market Position in MOCVD Deposition Equipment 2020 2021 2022 USD 438m USD 561m USD 566m AIXTRON Veeco AMEC Source: Gartner 2020-2022 14
Slide 16: AIXTRON Competitive Landscape
AIXTRON Competitive Landscape USA Europe China/Taiwan Korea Japan GaAs/InP Lasers Opto ROY (Micro) LED GaN (Micro) LED TOPEC Power GaN Power SiC Power Source: AIXTRON market research 15
Slide 17: Four Year View on Consolidated Income Statement
Four Year View on Consolidated Income Statement1 (EUR million) FY/22 FY/21 FY/20 FY/19 Revenues 463.2 429.0 269.2 259.6 Cost of sales 267.9 247.5 161.0 150.9 Gross profit 195.3 181.5 108.3 108.7 Gross margin 42% 42% 40% 42% Selling expenses 11.2 10.0 9.7 9.9 General & admin expenses 29.2 25.4 18.0 1
Slide 18: Four Year View on Consolidated Balance Sheet
Four Year View on Consolidated Balance Sheet1 (EUR million) 31.12.2022 31.12.2021 31.12.2020 31.12.2019 Property, plant & equipment 99.0 74.0 63.5 64.5 Goodwill 72.5 72.3 71 72.4 Other intangible assets 3.3 2.2 2.9 2.4 Others2 34.9 25.4 74.9 11.7 Non-current assets 209.7 174.0 212.2 151.0 Inventorie
Slide 19: Four Year View on Consolidated Statement of Cash Flows
Four Year View on Consolidated Statement of Cash Flows1 (EUR million) FY/22 FY/21 FY/20 FY/19 Net Result 100.5 94.8 34.5 32.5 Adjust for: Non-Cash Items 5.7 5.7 8.0 13.1 Changes in Working Capital (69.1) (34.2) (19.2) (2.8) Cash Flow from Operating Activities² 37.1 66.4 23.3 42.8 Capital Expenditure
Slide 20: AIXTRON - In a Nutshell
AIXTRON - In a Nutshell 31 7 31 33 Ga N Gallium Nitrogen Ga As Gallium Arsenic 69,72 14,01 69,72 74,92 14 6 49 15 Si Silicon C Carbon In Indium P Phosphorus 28,09 12,01 114,82 30,97 Tools of record Power – Speed – Light Diversified industry portfolio ahead of competition *Enabled by AIXTRON addressi
Slide 21: Financial Calendar & Contact Data
Financial Calendar & Contact Data Our Financial Reporting Dates: For further information please contact: 29 Feb. 2024 Q4/23 Results, Conference Call Guido Pickert Christian Rottler 25 April 2024 Q1/24 Results, Conference Call Vice President 15 May 2024 Annual General Meeting 2024, Aachen Head of IR
Slide 22: AIXTRON SE
AIXTRON SE Dornkaulstr. 2 52134 Herzogenrath, Germany Phone +49 (2407) 9030-0 Fax +49 (2407) 9030-40 E-Mail info@aixtron.com