Aixtron Se · XETR:AIXA
Aixtron — FY2010 Earnings Presentation
14 slides from Aixtron's earnings presentation, Mar 1, 2011
Slide 1: Full Year 2010 Results
Full Year 2010 Results March 1st, 2011 Paul Hyland President & Chief Executive Officer Wolfgang Breme Executive Vice President & Chief Financial Officer
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 within the meaning of the safe Full Year 2010 Results harbor provisions of the US Private Securities Litigation Reform Ac
Slide 3: Financial Highlights
Financial Highlights Year on Year Comparison (2010 vs. 2009) Full Year 2010 Results 2010 Revenues up 159% to €783.8m (2009: €302.9m) 2010 Gross Margin up 9pp at 53% (2009: 44%) 2010 EBIT up 339% to €275.5m with 35% margin (2009: €62.7m with 21% margin) Basic EPS increased 294% to €1.93 in 2010 (2009
Slide 4: Operational Flexibility and Leverage
Operational Flexibility and Leverage Continued progress in profitability and margins Full Year 2010 Results Highly cost-effective organization Solid financial position for continuing operations Flexible Cost Structure Improving Profit Margins Increasing Returns 60% 45% Net Income 53% 200 192.5 40% 2
Slide 5: Consolidated Income Statement
Consolidated Income Statement* (€ million) 2010 2009 +/- Q4/10 Q4/09 +/- Full Year 2010 Results Revenues 783.8 302.9 159% 224.7 117.9 91% Cost of sales 372.0 168.1 121% 107.4 62.4 72% Gross profit 411.8 134.7 206% 117.3 55.5 111% Gross Margin 53% 44% +9 pp 52% 47% +5 pp Selling expenses 48.9 25.5 92
Slide 6: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position* (€ million) 31/12/10 31/12/09 Full Year 2010 Results Property, plant & equipment 77.9 37.8 Goodwill 62.2 58.3 Other intangible assets 7.0 7.8 Others 20.6 14.8 Non-current assets 167.7 118.7 Inventories, WIP & Finished Goods 167.2 89.6 Trade receivables 8
Slide 7: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows* (€ million) 2010 2009 Full Year 2010 Results Cash Flow from operating activities 147.7 78.9 Cash Flow from investing activities -165.4 -90.1 Cash Flow from financing activities -11.6 153.6 Exchange rate changes 0.2 1.3 Net change in Cash & Cash Equivalents -29.1
Slide 8: Quarterly Business Development
24 - Month Business Development (€ million) Full Year 2010 Results Equipment (only) 57.9 117.6 163.3 168.5 175.4 200.4 204.0 Order Intake 31.2 Equipment (only) Order Backlog 100.7 109.4 152.4 203.8 229.9 250.0 278.7 274.8 * Total Revenues (incl. equipment, 56.7 117.9 154.5 191.8 212.7 224.7 46.2 82.
Slide 9: Revenue Analysis
Revenue Analysis 2010: 2010: 2010: by equipment and spares by end application by region Full Year 2010 Results (equipment only) 6% 1% 5% 4% 4% 2% 94% 93% 91% LED Equipment Telecom/Datacom Asia Spares Display & Others Europe Silicon USA 02.03.2011 P9
Slide 10: Market Prospects
Market Prospects Short-Term Continuing capacity expansions for LED backlighting Full Year 2010 Results LEDs for further increasing automotive applications Increasing LEDs for exterior, public street & professional lighting Mid-Term Increased LEDs for consumer & residential general lighting Silicon c
Slide 11: 2011 Guidance Model
2011 Guidance Model 2011 revenue guidance: ca. €800m - €900m Full Year 2010 Results 2011 EBIT guidance: ca. 35% EBIT margin (€ million) €302m backlog as per 01/01/11 Shippable equipment orders revalued at 1.35 US$/€ required by Q3/2011 from €275m at 31/12/10 302 458- 558 40 Assumed 2011 spares & non
Slide 12: Financial Calendar & Contact Data
Financial Calendar & Contact Data April 28, 2011 Q1/2011 Results, Conference Call Full Year 2010 Results May 19, 2011 Annual General Meeting 2011 in Aachen July 28, 2011 H1/2011 Results Conference & Conf. Call October 27, 2011 9M/2011 Results, Conference Call For further information please contact:
Slide 13: Full Year 2010 Results
P 13 02.03.2011 Full Year 2010 Results
Slide 14: Key Financials
Key Financials Quarter on quarter sequential comparison (Q4/2010 vs. Q3/2010) Full Year 2010 Results (€ million, unaudited) Q4/2010 Q3/2010 +/- Equipment Order Intake 204.0 200.4 2% Equipment Order Backlog (end of period) 274.8 278.7 -1% Revenues 224.7 212.7 6% Gross Profit 117.3 110.6 6% Gross Marg