Slide 1: AIXTRON Investor Presentation
AIXTRON Investor Presentation IR Presentation – H1/2017 (FSE: AIXA, ISIN DE000A0WMPJ6) © AIXTRON Investor Relations, July 2017
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 in Herzogenrath, Germany Technology leader in deposition systems Worldwide presence with 13 sales/representatives offices More than 3,000 deposition systems delivered and production facilities all over the world Company founded in 1983 – over 3
Slide 5: Global Presence
ABOUT AIXTRON 5 Global Presence
Slide 6: Technology Portfolio – Strategy
CORPORATE STRATEGY 6 Technology Portfolio – Strategy Executing Strategic Plans: OVPD/ NANO PVPD Innovation Pool APEVA SE Partner: OLED deposition Partner Establishing APEVA SE, a 100% subsidiary of AIXTRON; Joint Venture discussions in progress AIXTRON SE Freezing R&D: TFOS & TFE ALD/CVD MOCVD
Slide 7: Technology Portfolio
AIXTRON TECHNOLOGIES AND PRODUCTS 7 Technology Portfolio Photonics (e.g. VCSEL for 3D Sensing, Lasers for Datacom/ SiC AIXTRON SE Telecom) Power (e.g. EVs, Specialty Charging MOCVD Core LED Stations) Technology (e.g. Micro LED, ROY for Fine- pitch Displays, GaN Opto & Power Infrared, UV) Power (e.g.
Slide 8: Revenue Analysis
OPERATIONS 8 Revenue Analysis* * Rounded figures; may not add up H1/2017: H1/2017: H1/2017: by equipment & spares by end application by region (equipment only) 3% 10% 17% 15% 8% 13% 44% 83% 25% 82% LED Equipment Silicon Asia Spares Power Electronics Europe Optoelectronics USA Others
Slide 9: 24-Month Business Development
FINANCIALS 9 24 - Month Business Development (€ million) Order Intake 69.0 60.5 61.9 66.6 (incl. equipment, 44.4 51.1 service, spare parts) 34.4 31.3 @ $1.25 @ $1.10 @ $1.10 Order Backlog 104.0 93.4 (equipment only) 86.2 87.6 72.3 78.1 67.7 42.9 @ $1.25 @ $1.10 @ $1.10 Total Revenues 89.8 60.6 (incl
Slide 10: Consolidated Income Statement
Financials 10 Consolidated Income Statement* * Rounded figures; may not add up Q2/17 Q1/17 +/- (€ million) Adjusted Restructuring Actual Adjusted Restructuring Actual % Revenues 60.6 60.6 53.6 53.6 13 Cost of sales 45.9 45.9 40.0 40.0 15 Gross profit 16.0 1.3 14.7 14.7 1.1 13.6 9 % 26 24 27 25 1pp S
Slide 11: Consolidated Income Statement
Financials 11 Consolidated Income Statement* * Rounded figures; may not add up H1/17 H1/16 +/- (€ million) Adjusted Restructuring Actual Actual % Revenues 114.1 114.1 55.5 106 Cost of sales 85.8 85.5 45.5 89 Gross profit 30.6 2.3 28.3 10.0 n.m. % 27 25 18 9 pp Selling expenses 5.3 5.3 5.8 -10 Genera
Slide 12: Balance Sheet
Financials 12 Balance Sheet* * Rounded figures; may not add up (€ million) 30/06/17 31/03/17 31/12/16 Property, plant & equipment 65.3 68.9 74.2 Goodwill 68.7 74.5 74.6 Other intangible assets 1.5 5.2 5.4 Others 2.1 2.1 2.4 Non-current assets 137.5 150.6 156.5 Inventories 36.4 49.9 54.2 Trade receiv
Slide 13: Consolidated Statement of Cash Flows
Financials 13 Consolidated Statement of Cash Flows* * Rounded figures; may not add up (€ million) H1/17 H1/16 Q2/17 Q1/17 Net Result -24.9 -26.6 -11.4 -13.5 Adjust for Non Cash Items 14.1 6.8 6.8 7.3 Changes in Working Capital 54.1 -19.4 13.3 40.8 Cash Flow from Operating Activities 43.3 -39.3 8.7 3
Slide 14: Market Prospects
FUTURE MARKETS 14 Market Prospects Short-Term • Further increasing emergence of compound semiconductor based laser devices such as VCSELs for sensors in automotive and mobile applications. • Further increasing emergence of compound semiconductor based laser devices for ultrafast Telecom and Datacom
Slide 15: AIXTRON Investor Presentation
AIXTRON INVESTOR PRESENTATION 15
Slide 16: AIXTRON – Enabling Emerging Global Mega Trends
AIXTRON TECHNOLOGIES AND PRODUCTS 16 AIXTRON – Enabling Emerging Global Mega Trends 3D Sensors AR / VR Wireless Charging 5G Network GaN Auto- nomous GaAs Hyper- SiC scale Driving Data InP Center ZnO InSb Ge Electric Micro- Vehicle … … LED
Slide 17: AIXTRON Opto & Power – Positioned for Profitable Growth
AIXTRON TECHNOLOGIES AND PRODUCTS 17 AIXTRON Opto & Power – Positioned for Profitable Growth * WSPM: wafer starts per month; Source: IHS, LEDinside, AIXTRON estimates AIXTRON Position Planetary system Power (e.g. EVs, Charging Stations #1 78% Wireless Charging, AIX G5 GaN RF) Specialty LED (e.g. Mic
Slide 18: Short Term: Compound Semiconductors in Next-Gen CE Applications
AIXTRON TECHNOLOGIES AND PRODUCTS 18 Short Term: Compound Semiconductors in Next-Gen CE Applications Source: Gartner; Credit Suisse, Deutsche Bank, Stifel AIXTRON Enables GaAs Applications Potential CE markets (2017e) RF Power transistors HMIC Pin diode ~3bn units RF Switches Smartphones: 1.55 b
Slide 19: Mid Term: Compound Semiconductors in Connected Vehicles
AIXTRON TECHNOLOGIES AND PRODUCTS 19 Mid Term: Compound Semiconductors in Connected Vehicles Source: Gartner; Baader, Bernstein, Deutsche Bank, Stifel AIXTRON Enables GaAs Applications Potential EV, BEV and PHEV ~ 4m units in 2020e Vehicle speed sensing (IR) Power Semiconductor content per car N
Slide 20: Long Term: Compound Semiconductors in Smart Homes
AIXTRON TECHNOLOGIES AND PRODUCTS 20 Long Term: Compound Semiconductors in Smart Homes Source: Gartner; Credit Suisse, Deutsche Bank, Stifel AIXTRON also in... AIXTRON Enables GaAs Applications Smart homes: Self-sufficient, OLED CNT based Night vision IR Terrestrial CPV environmentally friendly an
Slide 21: Carbon Nanomaterials – PECVD
NANO AIXTRON TECHNOLOGIES AND PRODUCTS Innovation 21 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 platf
Slide 22: Compound Semiconductors – Wide Band Gap Power Electronics
AIXTRON TECHNOLOGIES AND PRODUCTS 22 Compound Semiconductors – 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 • U
Slide 23: Compound Semiconductors – Wide Band Gap Power Electronics
AIXTRON TECHNOLOGIES AND PRODUCTS 23 Compound Semiconductors – Wide Band Gap (WBG) Power Electronics Source: Dell, DOE, Toyota Example Applications in Pipeline MORE EFFICIENT SMALLER FASTER Wireless charging Electric Vehicles laptops WBG Power Electronics Data Centers Fast chargers
Slide 24: Organic Electronics – OVPD – APEVA SE
APEVA SE TFE AIXTRON TECHNOLOGIES AND PRODUCTS 24 Partner Frozen Organic Electronics – OVPD® – APEVA SE Source: DisplaySearch, AIXTRON OLED manufacturing process Cleaning Cleaning Glass cutting ITO deposition Organic material deposition Bonding Coating Etching Cathode deposition Aging Stripping Enca
Slide 25: Organic Electronics – OVPD – APEVA SE
APEVA SE AIXTRON TECHNOLOGIES AND PRODUCTS 25 Partner Organic Electronics – OVPD® – APEVA SE Product Description – OVPD Proprietary carrier-gas enhanced gas phase deposition approach for organic thin films Based on AIXTRON‘s core competence of carrier gas enhanced vapor phase deposition Free s
Slide 26: Silicon Semiconductors – ALD (Sales Transaction in Process)
ALD/CVD AIXTRON TECHNOLOGIES AND PRODUCTS 26 Asset sale Silicon Semiconductors – ALD (Sales Transaction in Process) Product Description – ALD • 300mm ALD Technology • Applications: DRAM, Logic and Flash High k Dielectric • QXP-8300 Mini-batch system • Metal electrode : ReRAM and PCRAM Active • High
Slide 27: AIXTRON Competitive Landscape
INDUSTRY 27 AIXTRON Competitive Landscape USA Europe China Korea Japan GaAs/InP Compound Optoelectronics, ROY LED GaN LED TOPEC GaN Power SiC Power Silicon Organics 09. Mai 2017 | Pullman Aachen Quellenhof
Slide 28: Equipment Order Intake per Quarter
0 50 200 100 150 250 OPERATIONS Q1/98 Q2/98 Q3/98 Q4/98 Q1/99 Q2/99 Q3/99 driven by Q4/99 Q1/00 (EUR million) Q2/00 Q3/00 Q4/00 Q1/01 telecom/datacom Q2/01 and mobile phone Q3/01 Q4/01 Q1/02 Q2/02 Q3/02 Q4/02 Q1/03 Q2/03 Q3/03 Compound Semiconductor Market Q4/03 Q1/04 Q2/04 mobile phone driven by pe
Slide 29: Annual Equipment Revenues by Application (excl. spares)
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 LED Silicon Power Electronics Optoelectronics* Others * Optoelectronics includes application
Slide 30: Consolidated Income Statement
FINANCIALS 30 Consolidated Income Statement* * Rounded figures; may not add up (€ million) 2016 2015 2014 Revenues 196.5 197.8 193.8 Cost of sales 140.2 147.9 154.1** Gross profit 56.3 49.8 39.7** Gross Margin 29% 25% 20% Selling expenses 13.8 11.5 14.1** General & admin expenses 17.1 16.3 19.3 R&D
Slide 31: Balance Sheet
FINANCIALS 31 Balance Sheet* * Rounded figures; may not add up (€ million) 31/12/16 31/12/15 31/12/14 Property, plant & equipment 74.2 81.3 77.3 Goodwill 74.6 75.9 64.8 Other intangible assets 5.4 6.4 2.5 Others 2.4 3.9 4.6 Non-current assets 156.5 167.6 149.2 Inventories, WIP & Finished Goods 54.2
Slide 32: Consolidated Statement of Cash Flows
FINANCIALS 32 Consolidated Statement of Cash Flows* * Rounded figures; may not add up (€ million) 2016 2015 2014 Cash Flow from operating activities -37.7 -45.7 -33.8 Cash Flow from investing activities 43.4 41.2 -23.2 Cash Flow from financing activities 0.3 -0.1 0.2 Exchange rate changes -2.3 4.3 5
Slide 33: Global Presence
ABOUT AIXTRON 33 Global Presence AIXTRON SE Headquarters AIXTRON Ltd. AIXTRON Inc. Herzogenrath, Germany Cambridge, United Kingdom Sunnyvale, California, USA Core of AIXTRON’s activities is Focus on key MOCVD reactor Focus on silicon applications for the Technology and R&D Center component technolog
Slide 34: Financial Calendar & Contact Data
34 Financial Calendar & Contact Data • October 26, 2017 9M/2017 Results, Conference Call • February 2018 FY/2017 Results, Conference Call • April 2018 Q1/2018 Results, Conference Call • May 2018 Annual General Meeting, Aachen For further information please contact: Investor Relations & Corporate Com
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