Aixtron Se · XETR:AIXA

Aixtron — Investor Presentation (March 2009)

46 slides from Aixtron's investor presentation, Mar 11, 2009

  1. Slide 1: AIXTRON Investor Presentation Winter/Spring 2009

    (FSE: AIXA, ISIN DE000A0WMPJ6 ; NASDAQ: AIXG, ISIN: US0096061041) AIXTRON Investor Presentation Winter/Spring Winter/Spring 2009 2009 including including Q4/2008 Q4/2008

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements AIXTRON Investor Presentation This presentation may contain forward-looking statements about the business, financial condition, results of operations and earnings outlook of AIXTRON within the meaning of the “safe harbor” provisions of the United States Private Securities

  3. Slide 3: Agenda

    Agenda AIXTRON Investor Presentation Introduction Operations Industry & Markets Business Trends Financials Outlook Appendix Slide: 3

  4. Slide 4: For Years. One step ahead.

    For 25 Years. One step ahead. 1983: AIXTRON emerged as a spin-off from RWTH Aachen University 1985: The first AIXTRON MOCVD system installation 1986: Automatic system control software introduced 1988: AIXTRON receives national award for “Innovation” Introduction 1989: Exclusive licence for Planetary

  5. Slide 5: AIXTRON – Enabling Global Solutions

    AIXTRON – Enabling Global Solutions Introduction AIXTRON AG, Aachen, Herzogenrath AIXTRON AB, Lund AIXTRON Inc., Sunnyvale • Shanghai, China • Seoul, S. Korea • Tokyo, Japan • Hsinchu, Taiwan AIXTRON Ltd., Cambridge Nanoinstruments Ltd. Slide: 5

  6. Slide 6: Gas Phase Deposition

    Gas Phase Deposition Material Engineering on an Atomic Scale Introduction Slide: 6

  7. Slide 7: AIXTRON MOCVD Reactors

    AIXTRON MOCVD Reactors Showerhead Injector Introduction Wafers Reactor Chamber ®® ®® Planetary Planetary Reactor Reactor Close Close Coupled Coupled Showerhead Showerhead Slide: 7

  8. Slide 8: One Technology – Multiple Solutions

    One Technology – Multiple Solutions Gas Phase Deposition Business Nano Scale Material Engineering Compound Semiconductors Silicon Semiconductors Technology Introduction MOCVD, OVPD®, PECVD AVD®, ALD, CVD • LEDs/OLEDs for displays • LEDs/OLEDs for lighting • Metal and oxide films for • Optoelectronic

  9. Slide 9: Value Chain Positioning

    Value Chain Positioning Production Chip & Electronic End Equipment Component Device User Introduction Manufacturers Manufacturers Manufacturers Markets Consumer Communication Industrial Display Lighting Medical Automotive Slide: 9

  10. Slide 10: System Technologies

    System Technologies Silicon Compound Lynx CVD MOCVD Planetary Reactor® MOCVD Close Coupled Showerhead® Silicon Introduction Compound Compound OVPD®, PVPD Tricent® ALD Compound Silicon Nanoinstruments Hot Wall SiC CVD Black Magic - PECVD Tricent® AVD® Slide: 10

  11. Slide 11: Compound Platform Systems

    Compound Platform Systems Further adoption by customer base Planetary Reactor® Established industry standard AIX 2800G4, 42x2” Steadily increasing production volume 88% of 2008 Equipment Orders (72% in 2007) Operations 80% of 2008 Revenues (48% in 2007) Integrated Concept (IC) System Close Coupled S

  12. Slide 12: Global MOCVD Market Shares

    Global MOCVD Market Shares 2005 2006 2007 Total: $156m Total: $202m Total: $289m 2% 10% Operations 4% 6% 14% 13% 17% 20% 18% 64% 62% 70% AIXTRON Veeco Nippon Sanso Others Based on VLSI RESEARCH Inc. 2008 Slide: 12

  13. Slide 13: Silicon Semiconductor Systems

    Silicon Semiconductor Systems Tricent® ALD Consumer Electronics continue to drive the Reactor NAND flash and DRAM industry 1 x 300mm Comprehensive AIXTRON-portfolio: CVD, ALD, AVD® ALD/AVD®: film qualifications for new materials Operations in transistors & capacitors Combined ALD/AVD® technology (JD

  14. Slide 14: Global CVD Market Shares for WSix

    Global CVD Market Shares for WSixx 2006 2007 Total: $109m Total: $84m 3% 2% Elpida-PSC Hynix Operations 15% 12% 48% Micron 24% Samsung 62% 34% Qimonda ProMos AIXTRON Applied Materials Tokyo Electron Others based on VLSI RESEARCH Inc. 2008 Slide: 14

  15. Slide 15: Revenues by Region

    Revenues by Region (87%) (€ million) (81%) Operations (79%) 238.1 (74%) 174.1 135.2 (10%) (16%) (13%) (6%) (9%) (7%) 103.0 (10%) (8%) 21.9 22.1 22.2 17.8 18.8 18.5 14.3 14.3 2005 2006 2007 2008 2005 2006 2007 2008 2005 2006 2007 2008 USA Europe Asia Asia Slide: 15

  16. Slide 16: Equipment Revenues by Application

    Equipment Revenues by Application Equipment Revenue Base (excl. spares): 2005: €113.4m 2006: €143.1m 2007: €186.9m 2008: €247.3m Operations 4% 3% 4% 6% 2% 27% 22% 4% 32% 58% 44% 61% 84% 9% 13% 5% 15% 2% 5% LED Consumer/Optoelectronic Telecom/Datacom Telecom/Datacom Display & Others Silicon Slide: 16

  17. Slide 17: LED-Market Outlook by Segments

    LED-Market Outlook by Segments Industry & Markets 1) LED PID Automotive LCD BLU Head Lamp Lighting Monitor BLU Full Color LED Indoor Lighting Exterior Lighting TV BLU Single Color LED Special Lighting Handset Notebook BLU Interior Lighting New & Niche Outdoor Lighting Signage S/M BLU Other Function

  18. Slide 18: High Brightness LED Market Forecast

    High Brightness LED Market Forecast HB LED summary forecast by application 2008 10,000 16% 17% Industry & Markets 9,000 8,000 9% Market Size (USD million) 7,000 6,000 15% 42% 5,000 1% 4,000 3,000 2012 2,000 13% 1,000 0 33% 16% 2008 2009 2010 2011 2012 Signs / Displays Mobile Appliances Signals Autom

  19. Slide 19: Notebook BLU Market Forecast

    Notebook BLU Market Forecast Positive trend (2007-2012) towards technology acceptance Research opinion ranges Industry & Markets in penetration rate in market size (TAM – Total Accessible Market) 250 100% TAM BLU in Million Units 90% 90% LED BLU Penetration 200 80% 70% 150 60% 50% 50% 100 40% 30% 50

  20. Slide 20: Example of Products with LEDs

    Example of Products with LEDs Samsung AIXTRONLED-TV 9000 Series ▪ LED Monitor Dell G2410 ▪ LED Toshiba Portégé R500 AG, Aachen Industry & Markets Audi R8 LED Headlight ▪ Nimbus LED Ceiling Light 12 W ▪ LED Street Lighting Slide: 20

  21. Slide 21: Business Development

    Business Development FY/2008 Compound Semiconductors Silicon Semiconductors Industry & Markets (including Organics) €235.7m equipment1) €11.6m equipment1) Revenues revenues (+62% yoy) revenues (-72% yoy) 86% of total2) revenues 4% of total2) revenues Equipment1) €237.1m (+14% yoy) €13.7m (-65% yoy)

  22. Slide 22: Business Development (Order Intake, Backlog, Revenues)

    24 - Month Business Development (€ million) 86.9 85.5 70.0 72.6 Equipment (only) 50.3 52.2 40.5 40.6 Business Trends Order Intake 157.3 165.1 158.1 132.0 102.8 105.0 Equipment (only) 70.0 80.3 Order Backlog 82.3 62.6 65.6 63.9 Total Revenues 63.8 45.2 51.7 54.1 (incl. equipment, service, spare parts

  23. Slide 23: AIXTRON Market & Business Trends

    AIXTRON Market & Business Trends From R&D pioneers to the global market leader in MOCVD-equipment Strong market position supporting increasing revenue levels Business Trends AIXTRON in good shape to meet the challenges of the current year MOCVD Equipment Market Growth AIXTRON Total Revenue Developme

  24. Slide 24: Operational Flexibility

    Operational Flexibility More profitable products and an increasingly cost-effective organization Higher profit margins and return on equity Business Trends Solid financial position for its continuing operations Flexible Cost Structure Improving Profit Margins Increasing Net Income 28% 50% 25 23.0 20

  25. Slide 25: Key Financials

    Key Financials Year-on-Year Comparison (Q4,FY/2008 vs. Q4,FY/2007) (€ million, unaudited) Q4/08 Q4/07 +/- 2008 2007 +/- Equipment Order Intake 40.6 86.9 -53% 250.8 247.7 1% Financials Equipment Order Backlog 105.0 132.0 -20% 105.0 132.0 -20% (end of period) Revenues 82.3 54.1 52% 274.4 214.8 28% Gro

  26. Slide 26: Group Balance Sheet FY 2008

    Group Balance Sheet FY 2008 (€ million) Dec 31, 2008 Dec 31, 2007 Property, plant & equipment 39.3 35.1 Goodwill 58.7 59.0 Other intangible assets 10.3 12.5 Financials Others 9.1 10.9 Non-current assets 117.4 117.5 Inventories 77.1 60.0 Trade receivables 38.8 33.5 Others 14.0 13.9 Cash & Cash Equiva

  27. Slide 27: Balance Sheet Development

    Balance Sheet Development (Dec. 31) Assets (€ million) Liabilities (€ million) Total 314.8 314.8 296.8 296.8 Total Cash, CE & Cash deposits 70.5 76.8 99.8 96.0 Current liabilities Financials Trade receivables 38.8 33.5 2.1 2.4 Non-current liabilities (accruals & provisions) Inventories 77.1 60.0 Oth

  28. Slide 28: Financial Strength and Flexibility

    Financial Strength and Flexibility Strong balance sheet: Equity ratio of 68%, debt free Comfortable and sufficient cash position for all operational needs Further cash generation through reduction of current/non-current assets Financials Flexible operational setup will keep gross margin intact Opera

  29. Slide 29: 2009 Break-Even Guidance Model

    2009 Break-Even Guidance Model Revenue and EBIT guidance to be quantified as visibility improves EBIT profitability from total revenues of €170m Sufficient cash levels will be maintained (without any bank borrowings) Outlook 2009 ‘shippable’ Equipment 100 Orders out of €105.0m total Backlog 48 ‘ship

  30. Slide 30: Key Takeaways

    Key Takeaways 2009 will be challenging, but … Solid financial situation High flexibility through outsourcing, contract staff Strong competitive positioning: technology and market leader … with equal levels of opportunity Outlook Maintain a high level of strategic R&D Therefore prepare for a controll

  31. Slide 31: Market Prospects

    Market Prospects Short -Term LED backlighting for next generation LCD screens LEDs for increasing automotive applications Emerging LED external/street lighting applications Mid-Term Outlook Emerging Solid State/Interior Lighting device applications Silicon carbide (SiC) hybrid automotive & solar app

  32. Slide 32: Financial Calendar & Contact Data

    Financial Calendar & Contact Data May 7, 2009 Q1/2009 Results, Conference Call May 20, 2009 Annual General Meeting at Eurogress in Aachen Outlook July 30, 2009 Q2/2009 Results Conference in Frankfurt October 29, 2009 Q3/2009 Results, Conference Call For further information please contact: Investor R

  33. Slide 33: Slide: 33

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  34. Slide 34: New Technologies – New Opportunities (Plastic Electronics)

    New Technologies – New Opportunities Development of New Tool for Plastic Logic – Plastic Electronics Technology Deposition with AIXTRON Gen 3.5 tool Slide: 34

  35. Slide 35: New Technologies – New Opportunities (Carbon Nanotubes)

    New Technologies – New Opportunities Acquisition of Nanoinstruments, Ltd. – Carbon Nanotubes Unique Properties Application Examples Very high thermal conductivity Electronics Technology Very low resistivity Heat Sinks Very high mechanical stability Field Emission Display Graphene sheet Carbon Nanotu

  36. Slide 36: Advanced Technology Requirements

    Advanced Technology Requirements Word Line DRAM 1000 CVD Metal Control Gate NAND Technology Atomic Level Solutions Layer thickness [Å] 100 Metal Electrode and AVD® High-k Dielectric eDRAM 10 Metal Electrode and ALD High-k Dielectric DRAM 1 1 10 100 Aspect ratio Slide: 36

  37. Slide 37: Films for Logic and Memory Transistors

    Films for Logic and Memory Transistors Metal / Metal Silicide on Poly Gate Stack DRAM Capacitors FeRAM Capacitors CVD ALD (Dielectric) AVD® ALD + AVD® (Electrode) Metal Gate AVD® Sidewall Spacers Technology ALD + AVD® High-k Gate Dielectrics AVD® Integrated Flash Floating Gate Capacitors Interpoly &

  38. Slide 38: AIXTRON Share Price Development 2008

    AIXTRON Share Price Development 2008 12.00 AIXTRON Tec-DAX indexed AIXTRON Stock 10.00 8.00 6.00 4.00 2.00 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Slide: 38

  39. Slide 39: Key Financials Q4/2008

    Key Financials Q4/2008 Quarter-on-Quarter Sequential Comparison (Q4/2008 vs. Q3/2008) (€ million, unaudited) Q4/2008 Q3/2008 +/- Financials Equipment Order Intake 40.6 52.2 -22% Equipment Order Backlog (end of period) 105.0 158.1 -34% Revenues 82.3 63.9 29% Gross Profit 35.6 26.9 32% Gross Margin 43

  40. Slide 40: Group Income Statement FY 2008

    Group Income Statement FY 2008 (€ million) 2008 2007 +/- Revenues 274.4 214.8 28% Cost of sales 161.5 129.8 24% Financials Gross profit 112.9 85.0 33% Gross Margin 41% 40% +1 pp Selling Expenses 27.8 27.2 2% General & Administration Expenses 18.0 16.0 13% R&D 28.3 26.5 7% Net Other operating income

  41. Slide 41: Group Cash Flow Statement FY 2008

    Group Cash Flow Statement FY 2008 (€ million) 2008 2007 Cash Flow from operating activities 15.9 32.9 Cash Flow from investing activities -11.4 -10.5 Financials Cash Flow from financing activities -8.9 2.9 (incl. exchange rate changes) Net change in Cash & Cash Equivalents -4.5 25.2 Cash & Cash Equi

  42. Slide 42: AIXTRON Global Presence

    AIXTRON Global Presence Ltd. AB Cambridge, UK Lund, Sweden Locations cshs KK Seoul, South Korea Tokyo, Japan Inc. AG Sunnyvale, USA Aachen, Herzogenrath, D Headquarters Taiwan Co., Ltd. AG Shanghai, P.R. China Representation Slide: 42

  43. Slide 43: AIXTRON Group Worldwide Production

    AIXTRON Group Worldwide Production AIXTRON AG, Aachen-Herzogenrath/Germany Production Sites Slide: 43

  44. Slide 44: AIXTRON Group Worldwide Production

    AIXTRON Group Worldwide Production AIXTRON Ltd., Cambridge/UK Production Sites Slide: 44

  45. Slide 45: AIXTRON Group Worldwide Production

    AIXTRON Group Worldwide Production Production Sites AIXTRON Inc., Sunnyvale/USA Slide: 45

  46. Slide 46: Slide: 46

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