Aixtron Se · XETR:AIXA
Aixtron — Q3 2018 Earnings Presentation
16 slides from Aixtron's earnings presentation, Oct 30, 2018
Slide 1: AIXTRON Investor Presentation First Nine Months 2018 Results
AIXTRON Investor Presentation First Nine Months 2018 Results (October 30, 2018) © AIXTRON Investor Relations, October 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: AIXTRON – Q3/2018 Highlights
HIGHLIGHTS 3 AIXTRON – Q3/2018 Highlights Solid Order Intake and Backlog • Continued strong demand from Red-Orange-Yellow (ROY) LEDs, Power and Lasers. High Gross Margins • Better utilization, currency tailwinds AIXTRON and IRUJA: Joint Venture in APEVA 2018 Guidance: Upper End of Ranges to
Slide 4: Technology Portfolio for Complex Material Deposition
AIXTRON TECHNOLOGIES AND PRODUCTS 4 Technology Portfolio for Complex Material Deposition OLED: OVPD®/PVPD® Carbon – PECVD NANO: Innovation Pool LEDs / Optoelectronics Lasers (VCSEL/EEL) GaN Power | GaN RF Power Management (e.g. 3D Sensing; Consumer (e.g. Wireless Charging; 5G, Electronics; Fast Char
Slide 5: Key Financials Q3/2018
FINANCIALS 5 Key Financials Q3/2018* * Rounded figures; may not add up +/- +/- (€ million) 9M/18 9M/17 Q3/18 Q2/18 % % Order intake 230.3 197.9 16 76.0 75.6 1 Order backlog (equipment only) 151.9 99.2 53 151.9 138.3 10 Revenues 180.9 176.3 3 63.4 55.2 15 Gross profit 78.2 53.0 48 27.6 23.8 16 % 43 3
Slide 6: Consolidated Income Statement
FINANCIALS 6 Consolidated Income Statement* * Rounded figures; may not add up +/- +/- (€ million) 9M/18 9M/17 Q3/18 Q2/18 % % Revenues 180.9 176.3 3 63.4 55.2 15 Cost of sales 102.7 123.3 -17 35.8 31.3 14 Gross profit 78.2 53.0 48 27.6 23.8 16 % 43 30 13 pp 44 43 1 pp Selling expenses 6.7 7.9 -15 2.
Slide 7: Consolidated Statement of Cash Flows
FINANCIALS 7 Consolidated Statement of Cash Flows* * Rounded figures; may not add up (€ million) 9M/18 9M/17 Q3/18 Q2/18 Net Result 27.7 -20.6 11.7 3.7 Adjust for Non Cash Items -0.1 16.8 -0.1 2.9 Changes in Working Capital -22.2 60.4 2.3 5.9 Cash Flow from Operating Activities 5.4 56.5 13.9 12.5 Ca
Slide 8: Balance Sheet
FINANCIALS 8 Balance Sheet* * Rounded figures; may not add up (€ million) 30/09/18 30/06/18 31/12/17 Property, plant & equipment 63.8 64.4 64.3 Goodwill 71.5 71.6 71.2 Other intangible assets 1.6 1.7 1.8 Others 12.9 9.0 4.0 Non-current assets 149.8 146.7 141.3 Inventories 71.4 60.1 43.0 Trade receiv
Slide 9: AIXTRON and IRUJA: Joint Venture in APEVA
STRATEGIC RATIONALE 9 AIXTRON and IRUJA: Joint Venture in APEVA Innovative Organic Vapor Phase Deposition Well-Established Automation & Handling (OVPD) Technology Technology • Highly Efficient Deposition of Organic Materials Well proven in the Display Industry, Well known for • Proven Path for
Slide 10: APEVA: A Complete OLED Deposition System Provider
STRATEGIC RATIONALE 10 APEVA: A Complete OLED Deposition System Provider OVPD Deposition OVPD Deposition Line* Automation & Handling • Fully Automated OLED Deposition Lines and Fab Integration as a Complete System Provider • Innovative Deposition Technology with • Higher Efficiency of OLED Material
Slide 11: APEVA: Current Status and Future Plans
SUMMARY 11 APEVA: Current Status and Future Plans Closing of the Joint Venture Agreement: Expected During 2018 IRUJA: Up to 20% Equity Stake in APEVA over the Next Few Years APEVA Operations in both Germany and South Korea • Germany: Deposition Technology Development • South Korea: Automation
Slide 12: Summary and Outlook
OUTLOOK 12 Summary and Outlook* Well-Positioned for Compound Semiconductor Growth Markets Solid Technology Offering, Best-in-Market Solutions APEVA: A Complete OLED Deposition System Provider Q4/2018 Revenues > Q3/2018 Revenues 2018 Guidance: Upper End of Ranges to be Reached • Order Intak
Slide 13: Financial Calendar & Contact Data
13 Financial Calendar & Contact Data • February 26, 2019 FY/2018 Results, Conference Call • April 30, 2019 Q1/2019 Results, Conference Call • July 25, 2019 H1/2019 Results, Conference Call • October 24, 2019 9M/2019 Results, Conference Call For further information please contact: Investor Relations
Slide 14: AIXTRON – Our technology. Your future.
AIXTRON – Our technology. Your future. AIXTRON SE Dornkaulstr. 2 52134 Herzogenrath Germany Phone +49 (2407) 9030-0 Fax +49 (2407) 9030-40 E-Mai info@aixtron.com
Slide 15: Revenue Analysis
OPERATIONS 15 Revenue Analysis* * Rounded figures; may not add up 9M/2018: 9M/2018: 9M/2018: by equipment & spares by end application by region (equipment only) 7% 15% 20% 20% 7% 50% 30% 80% 71% LED Asia Equipment Power Electronics Spares Europe Optoelectronics* Americas Others * Optoelectronics inc
Slide 16: 24-Month Business Development
FINANCIALS 16 24 - Month Business Development (€ million) Order Intake (incl. equipment, 66.6 69.6 65.7 78.6 75.6 76.0 60.5 61.9 service, spare parts) @ $1.10 @ $1.10 @ $1.20 Order Backlog (equipment only) 138.3 151.9 108.6 114.9 93.4 99.2 78.1 87.6 @ $1.10 @ $1.10 @ $1.20 Revenues 89.8 (incl. equip