Aixtron Se · XETR:AIXA
Aixtron — Shareholder Meeting (May 2018)
18 slides from Aixtron's shareholder meeting presentation, May 16, 2018
Slide 1: 21st Ordinary General Meeting
21* Ordinary-General Meeting VY D/e A >> =e - = | ee ADA AADR@DS E— \ z \ AD N AD ASS
Slide 2: Forward-Looking Statements
21st ORDINARY GENERAL MEETING 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
Slide 3: General Meeting 2018 Agenda Item 1
21st ORDINARY GENERAL MEETING 3 General Meeting 2018 Agenda Item 1 Agenda Item 1 Presentation of the adopted Annual Financial Statements of AIXTRON SE as per December 31, 2017 and of the Management Report for the financial year 2017, of the approved Consolidated Financial Statements as per December
Slide 4: Presentation on Agenda Item 1
21st ORDINARY GENERAL MEETING 4 Presentation on Agenda Item 1 Dr. Felix Grawert President ●●●●●●● Dr. Bernd Schulte President May 16, 2018 | Pullman Aachen Quellenhof
Slide 5: AIXTRON's Technology Portfolio – Strategy AGM 2017
21st ORDINARY GENERAL MEETING 5 AIXTRON‘s Technology Portfolio – Strategy AGM 2017 Strategy Development portfolio will be clearly separated and transferred into independent units where appropriate TFOS ALD/CVD Partnerships / Joint Ventures for single technology Frozen For Sale areas… … with: AIXTRON
Slide 6: AIXTRON's Focused Technology Portfolio – AGM 2018
21st ORDINARY GENERAL MEETING 6 AIXTRON‘s Focused Technology Portfolio – AGM 2018 Completed / In progress TFOS and TFE frozen ALD/CVD product line sold TFOS ALD/CVD Frozen Sold OLED activities outsourced into APEVA AIXTRON SE Advanced discussions with JV partner OVPD/ Innovation PVPD MOCVD Core Tech
Slide 7: Dr. Felix Grawert
21st ORDINARY GENERAL MEETING 7 Dr. Felix Grawert Since 2017 AIXTRON SE President 2013 - 2017 Infineon Technologies Head of Product Line High-Voltage Power Conversion 2005 – 2013 McKinsey & Company Consultant High Tech and Semiconductor Industry 2001 – 2005 Massachusetts Institute of Technology PhD
Slide 8: Technology Portfolio for Complex Material Deposition
21st ORDINARY GENERAL MEETING 8 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 Pit
Slide 9: Consolidated Income Statement of the AIXTRON Group 2017
21st ORDINARY GENERAL MEETING 9 Consolidated Income Statement of the AIXTRON Group 2017* (EUR million) 2017 2016 % Revenues 230.4 196.5 +17 Cost of sales 156.4 140.2 +12 Gross profit 74.0 56.3 +31 % 32 29 +3pp Selling expenses 10.2 13.8 -26 General & admin expenses 17.1 17.1 0 R&D 68.8 53.9 +28 Net
Slide 10: Consolidated Statement of Financial Position of the AIXTRON Group 2017
21st ORDINARY GENERAL MEETING 10 Consolidated Statement of Financial Position of the AIXTRON Group 2017* (EUR million) 31/12/17 31/12/16 % Property, plant & equipment 64.3 74.2 -13 Goodwill 71.2 74.6 -5 Other intangible assets 1.8 5.4 -67 Others 4.0 2.4 67 Non-current assets 141.3 156.5 -10 Inventor
Slide 11: Consolidated Statement of Cash Flows of the AIXTRON Group 2017
21st ORDINARY GENERAL MEETING 11 Consolidated Statement of Cash Flows of the AIXTRON Group 2017* (EUR million) FY 2013 +/- Q4/13 2017 Q4/12 +/- 2016 Net result 6.5 -24.0 Adjust for Non Cash Items -7.9 15.7 Changes in Working Capital 71.4 -29.4 Cash Flow from operating activities 70.1 -37.7 Capital E
Slide 12: Key Financials of AIXTRON SE (HGB) 2017
21st ORDINARY GENERAL MEETING 12 Key Financials of AIXTRON SE (HGB) 2017* (EUR million) 2017 2016 % Revenues 177.0 141.6 +25 Net result 7.2 -33.2 n.m. Retained earnings -120.5 -87.3 -38 Accumulated net result -113.3 -120.5 +6 May 16, 2018 | Pullman Aachen Quellenhof
Slide 13: Consolidated Income Statement Q1/2018
21st ORDINARY GENERAL MEETING 13 Consolidated Income Statement Q1/2018* Q4/17 vs. Q1-/18 (EUR million) Q1/18 Q4/17 Q1/17 % Revenues 62.4 54.1 53.6 15 Cost of sales 35.6 33.1 40.0 8 Gross profit 26.8 21.0 13.6 28 % 43 39 25 4pp Selling expenses 2.3 2.2 2.6 5 General & admin expenses 4.3 2.6 4.3 65 R&
Slide 14: Balance Sheet Q1/2018
21st ORDINARY GENERAL MEETING 14 Balance Sheet Q1/2018* (EUR 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 receivables
Slide 15: Consolidated Statement of Cash Flows Q1/2018
21st ORDINARY GENERAL MEETING 15 Consolidated Statement of Cash Flows Q1/2018* (EUR million) Q1/18 Q4/17 Q1/17 Net result 12.3 27.2 -13.5 Adjust for Non Cash Items -3.0 -24.6 7.3 Changes in Working Capital -30.4 11.0 40.8 Cash Flow from operating activities -21.1 13.6 34.6 Capital Expenditures -1.6
Slide 16: AIXTRON – 2018 Guidance
21st ORDINARY GENERAL MEETING 16 AIXTRON – 2018 Guidance* Assuming current structure and based on current order 2018 Guidance* situation, Management expects for 2018: • Revenues and Total Order Intake between Q1/2018 EUR 230 ~ 260 million Revenues: EUR 62.4m • Gross Margin of 35% to 40% • EBIT in Ra
Slide 17: 21st Ordinary General Meeting May 16, 2018
21st ORDINARY GENERAL MEETING 17 May 16, 2018 | Pullman Aachen Quellenhof
Slide 18: Thank you for your attention!
Thank you for your attention! AIXTRON SE Dornkaulstr. 2 52134 Herzogenrath Germany Phone +49 (2407) 9030-0 Fax +49 (2407) 9030-40 E-Mail invest@aixtron.com May 16, 2018 | Pullman Aachen Quellenhof