Slide 1: AIXTRON Investor Presentation Q1/2018
AIXTRON Investor Presentation IR Presentation – Q1/2018 (FSE: AIXA, ISIN DE000A0WMPJ6) © AIXTRON Investor Relations, April 2018
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: Our Vision: Technology. Materials. Performance.
ABOUT AIXTRON 3 Our Vision Technology. Materials. Performance. Technology. Materials. Performance. We are the recognized We enable our We deliver the technology leader customers to performance driving in complex material successfully shape the economic success deposition. markets of the future, thro
Slide 4: Who we are
ABOUT AIXTRON 4 Who we are Headquarters based near Aachen, Germany Company founded in 1983 – 35 years of experience Worldwide presence in 7 countries Technology leader in deposition systems R&D and production facilities in Germany and UK More than 2,700 deposition systems installed world
Slide 5: Global Presence
ABOUT AIXTRON 5 Global Presence
Slide 6: Technology Portfolio for Complex Material Deposition
AIXTRON TECHNOLOGIES AND PRODUCTS 6 Technology Portfolio for Complex Material Deposition OLED: OVPD®/PVPD® Carbon – PECVD NANO: Innovation Pool Photonics GaN Power (e.g. VCSEL for 3D Sensing, (e.g. Wireless Charging; RF, Lasers for CE, Datacom) Fast Charging) Specialty LED SiC Power (MicroLED-, Fine
Slide 7: Revenue Analysis
OPERATIONS 7 Revenue Analysis* * Rounded figures; may not add up Q1/2018: Q1/2018: Q1/2018: by equipment & spares by end application by region (equipment only) 5% 14% 16% 19% 11% 46% 38% 70% 81% LED Asia Equipment Power Electronics Spares Europe Optoelectronics USA Others
Slide 8: 24-Month Business Development
FINANCIALS 8 24 - Month Business Development (€ million) Order Intake (incl. equipment, 69.0 66.6 69.6 65.7 78.6 60.5 61.9 service, spare parts) 51.1 @ $1.10 @ $1.10 @ $1.20 Order Backlog (equipment only) 104.0 108.6 114.9 93.4 99.2 86.2 87.6 78.1 @ $1.10 @ $1.10 @ $1.20 Revenues 89.8 62.4 (incl. eq
Slide 9: Consolidated Income Statement
FINANCIALS 9 Consolidated Income Statement* * Rounded figures; may not add up +/- +/- (€ million) Q1/18 Q1/17 Q1/18 Q4/17** % % Revenues 62.4 53.6 16 62.4 54.1 15 Cost of sales 35.6 40.0 -11 35.6 33.1 8 Gross profit 26.8 13.6 97 26.8 21.0 28 % 43 25 18pp 43 39 4pp Selling expenses 2.3 2.6 -13 2.3 2.
Slide 10: Balance Sheet
FINANCIALS 10 Balance Sheet* * Rounded figures; may not add up (€ million) 31/03/18 31/12/17 31/03/17 Property, plant & equipment 63.8 64.3 68.9 Goodwill 71.1 71.2 74.5 Other intangible assets 1.6 1.8 5.2 Others 9.1 4.0 2.1 Non-current assets 145.7 141.3 150.6 Inventories 46.2 43.0 49.9 Trade receiv
Slide 11: Consolidated Statement of Cash Flows
FINANCIALS 11 Consolidated Statement of Cash Flows* * Rounded figures; may not add up (€ million) Q1/18 Q1/17 Q1/18 Q4/17** Net Result 12.3 -13.5 12.3 27.2 Adjust for Non Cash Items -3.0 7.3 -3.0 -24.6 Changes in Working Capital -30.4 40.8 -30.4 11.0 Cash Flow from Operating Activities -21.1 34.6 -2
Slide 12: Market Prospects
FUTURE MARKETS 12 Market Prospects Short- to Mid-Term • Increasing application of compound semi-conductor-based lasers for the 3D sensor systems in mobile end device as well as sensors for infrastructure applications. • Further increasing use of LEDs and special LEDs (esp. red-orange-yellow, UV or I
Slide 13: AIXTRON – Enabling Emerging Global Mega Trends
AIXTRON TECHNOLOGIES AND PRODUCTS 13 AIXTRON – Enabling Emerging Global Mega Trends Mobile communication Consumer Electronics GaN MOCVD Platform Technology Fine-pitch Display GaN UV LED SSL, LED TV
Slide 14: Application: Short Term – Compound Semis in Next-Gen CE
AIXTRON TECHNOLOGIES AND PRODUCTS 14 Application: Short Term – Compound Semis in Next-Gen CE AIXTRON Enables GaAs Applications Photonics RF Power transistors HMIC Pin diode RF Switches MMIC 3D gesture sensors Base Station Iris scan for 3G / 4G Proximity sensor Specialty LED Logic processor Camera au
Slide 15: Application: Mid Term – Compound Semis in Connected E-Vehicles
AIXTRON TECHNOLOGIES AND PRODUCTS 15 Application: Mid Term – Compound Semis in Connected E-Vehicles AIXTRON Enables GaAs Applications Vehicle speed sensing (IR) Photonics Night vision IR Emergency break assist (IR) Adaptive cruise control (IR) Pedestrian detection (IR) AIXTRON Driver condition monit
Slide 16: Application: Long Term – Compound Semis in Smart Homes
AIXTRON TECHNOLOGIES AND PRODUCTS 16 Application: Long Term – Compound Semis in Smart Homes AIXTRON Enables GaAs Applications Photonics Night vision IR Terrestrial CPV FTTH 3D gesture AIXTRON sensors also in... Specialty LED Motion sensors OLED Environmental sensors CNT based LiB GaN Power 5G Home I
Slide 17: AIXTRON – Instrumental in Evolving Display Technologies
AIXTRON TECHNOLOGIES AND PRODUCTS 17 AIXTRON – Instrumental in Evolving Display Technologies Specialty LED OLED Display Plasma LED Backlit Display MicroLED Display LCD CRT // 1950’s → 2000’s → 2006 → 2010 → Under Development →
Slide 18: Overview: GaN/SiC as Wide Band Gap Power Electronics
AIXTRON TECHNOLOGIES AND PRODUCTS 18 Overview: GaN/SiC as Wide Band Gap (WBG) Power Electronics Consumer Electronics & IT Automotive Energy Industrial Power Management Power Switching 30V 600V 1.2 kV ≥2kV • Electronic appliances • Infotainment • General automotive • Power Grid / Smart meter • UPS •
Slide 19: Devices: GaN/SiC Power Electronics – Superior Performance
AIXTRON TECHNOLOGIES AND PRODUCTS 19 Devices: GaN/SiC Power Electronics – Superior Performance Source: icons from www.flaticon.com Energy Saving Electric Vehicles EV-charging More Efficient Less Heat Light Weight Renewable Energy Data Centers Lower Smaller System Cost Wireless Charging Fast Charging
Slide 20: Devices: VCSEL – Internet of Things Creates New Opportunities
AIXTRON TECHNOLOGIES AND PRODUCTS 20 Devices: VCSEL – Internet of Things Creates New Opportunities Source: icons from www.flaticon.com 3D Sensing Functionality Facial Recognition Autonomous Driving VCSEL Processor Tailor-made clothing/shoes Interior Design Sensor/Receiver …… Mapping Industry 4.0
Slide 21: Devices: ROY LEDs for RGB Displays; UV LEDs for Niche Markets
AIXTRON TECHNOLOGIES AND PRODUCTS 21 Devices: ROY LEDs for RGB Displays; UV LEDs for Niche Markets Source: LEDinside ROY LED UV LED Curing ● ● ● ● ● ● ● ● ● ● ● ● RGB Fine-Pitch Indoor Display ● ● ● ● ● ● (Pixel Pitch ≤2.5mm) ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● Water Disinfection RGB Stadium Outdoor
Slide 22: Devices: MicroLED – The Perfect Future Display Technology
AIXTRON TECHNOLOGIES AND PRODUCTS 22 Devices: MicroLED – The Perfect Future Display Technology Source: LEDinside RGB ● ● ● Self-Emissive MicroLED ● ● ● ● ● ● Display 1 Wearables Low Power 100 Consumption Perfect AR/VR Contrast ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● High Signage ● ● ●
Slide 23: Carbon Nanomaterials – PECVD
AIXTRON TECHNOLOGIES AND PRODUCTS 23 NANO: Innovation Pool Carbon Nanomaterials – PECVD Graphene and Carbon Nanotube Deposition Systems • Proprietary thermal and plasma enhanced chemical vapor deposition technology • Excellent uniformity and reproducibility with fast turnaround cycle times • BM plat
Slide 24: Organic Electronics – OVPD – APEVA
AIXTRON TECHNOLOGIES AND PRODUCTS 24 Organic Electronics – OVPD® – APEVA Source: DisplaySearch, AIXTRON OLED manufacturing process Cleaning Cleaning Glass cutting ITO deposition Organic material deposition Bonding Coating Etching Cathode deposition Aging Stripping Encapsulation Final test (Thin film
Slide 25: OVPD – APEVA: Disruptive OLED Manufacturing Technology
AIXTRON TECHNOLOGIES AND PRODUCTS 25 OVPD® – APEVA: Disruptive OLED Manufacturing Technology Source: UBI Research, Display Supply Chain OVPD® enables production of next generation displays 2021e: >US$50 billion Higher quality displays OLED industry’s revenue High material utilization efficiency
Slide 26: AIXTRON Competitive Landscape
INDUSTRY 26 AIXTRON Competitive Landscape USA Europe China Korea Japan GaAs/InP Opto Optoelectronics, ROY LED GaN LED TOPEC Power GaN Power SiC Power OLED
Slide 27: AIXTRON Investor Presentation
AIXTRON INVESTOR PRESENTATION 27
Slide 28: Equipment Order Intake per Quarter
0 50 100 150 200 250 OPERATIONS Q1/98 Q2/98 Q3/98 Q4/98 Q1/99 Q2/99 Q3/99 driven by Q4/99 Q1/00 Q2/00 (EUR million) Q3/00 Q4/00 Q1/01 Q2/01 telecom/datacom and mobile phone Q3/01 Q4/01 Q1/02 Q2/02 Q3/02 Q4/02 Q1/03 Q2/03 Q3/03 Q4/03 Compound Semiconductor Market Q1/04 Q2/04 Q3/04 mobile phone driven
Slide 29: Annual Equipment Revenues by Application
OPERATIONS 29 Annual Equipment Revenues by Application (excl. spares) 800 (EUR million) 700 600 500 400 300 200 100 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 LED Silicon Power Electronics Optoelectronics* Others * Optoelectronics includes applic
Slide 30: Consolidated Income Statement
FINANCIALS 30 Consolidated Income Statement* * Rounded figures; may not add up (€ million) 2017 2016 2015 Revenues 230.4 196.5 197.8 Cost of sales 156.4 140.2 147.9 Gross profit 74.0 56.3 49.8 % 32% 29% 25% Selling expenses 10.2 13.8 11.5 General & admin expenses 17.1 17.1 16.3 R&D 68.8 53.9 55.4 Ne
Slide 31: Balance Sheet
FINANCIALS 31 Balance Sheet* * Rounded figures; may not add up (€ million) 31/12/17 31/12/16 31/12/15 Property, plant & equipment 64.3 74.2 81.3 Goodwill 71.2 74.6 75.9 Other intangible assets 1.8 5.4 6.4 Others 4.0 2.4 3.9 Non-current assets 141.3 156.5 167.6 Inventories 43.0 54.2 70.8 Trade receiv
Slide 32: Consolidated Statement of Cash Flows
FINANCIALS 32 Consolidated Statement of Cash Flows* * Rounded figures; may not add up (€ million) 2017 2016 2015 Cash Flow from operating activities 70.1 -37.7 -45.7 Cash Flow from investing activities 40.7 43.4 41.2 Cash Flow from financing activities 1.2 0.3 -0.1 Exchange rate changes -5.5 -2.3 4.
Slide 33: AIXTRON – 2018 Guidance: Confirmed
Outlook 33 AIXTRON – 2018 Guidance: Confirmed* Assuming current structure and based on 2018 Guidance* current order situation, Management expects for 2018: Q1/2018 • Revenues and Total Order Intake Revenues: between EUR 230 ~ 260 million EUR 62.4m • Gross Margin of 35% to 40% 2018 Shippable • EBIT i
Slide 34: Financial Calendar & Contact Data
34 Financial Calendar & Contact Data • May 16, 2018 2018 Annual General Meeting, Aachen, Germany • July 26, 2018 H1/2018 Results, Conference Call • October 30, 2018 Q3/2018 Results, Conference Call • February 2019 FY/2018 Results, Conference Call • April 2019 Q1/2019 Results, Conference Call For fur
Slide 35: Technology. Materials. Performance.
Technology. Materials. Performance. AIXTRON SE Dornkaulstr. 2 52134 Herzogenrath Germany Phone +49 (2407) 9030-0 Fax +49 (2407) 9030-40 E-Mail invest@aixtron.com