Slide 1: Q1/2023 Investor Presentation
Q1/2023 Investor Presentation Felix Grawert, CEO Christian Danninger, CFO April 27th, 2023
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. These statements may be identified by words such as “may”, “will”, “expect”, “anticipate”, “contemplate”, “intend”, “pla
Slide 3: AIXTRON – Q1/2023 Highlights
AIXTRON – Q1/2023 Highlights ✓ Q1/2023 with strong momentum in demand ▪ Strong order intake in Q1/2023 – increased by 7% yoy to EUR 140m ▪ Equipment order backlog up 60% yoy to EUR 418m ▪ Revenues at EUR 77m due to shift of some tool deliveries driven by delayed export licenses ✓ GaN/SiC Power Elect
Slide 4: Consolidated Income Statement
Consolidated Income Statement1 (EUR m) Q1/23 Q1/22 +/- (%) Q1/23 Q4/22 +/- (%) Revenues 77.2 88.6 (13%) 77.2 183.2 (58%) Cost of sales 46.1 52.7 (12%) 46.1 101.0 (54%) Gross profit 31.1 35.9 (13%) 31.1 82.2 (62%) Gross margin 40% 41% (1pp) 40% 45% (5pp) Selling expenses 3.1 2.6 19% 3.1 3.4 (9%) Gene
Slide 5: Consolidated Balance Sheet
Consolidated Balance Sheet1 (EUR m) 31/03/23 31/12/22 30/09/22 Property, plant & equipment and leased assets 99.1 99.0 88.1 Goodwill 72.4 72.5 73.5 Other intangible assets 3.3 3.3 3.3 Others 34.9 35.0 35.4 Non-current assets 209.7 209.7 200.3 Inventories 295.0 223.6 209.2 Trade receivables 62.5 119.
Slide 6: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows1 (EUR m) Q1/23 Q1/22 Q1/23 Q4/22 Net result 3.5 13.8 3.5 50.3 Adjust for: Non-cash items 3.2 2.7 3.2 3.3 Changes in Working Capital (0.9) 10.8 (0.9) (53.7) Cash flow from operating activities 5.8 27.2 5.8 (0.1) Capital expenditures/disposals (3.9) (4.8) (3.9) (12
Slide 7: AIXTRON – 2023 Growth Guidance Confirmed
AIXTRON – 2023 Growth Guidance Confirmed EUR m 2023 Guidance1 Revenue Guidance FY/2023 EUR m Total Order Intake EUR 600m – 680m ~77~100 ~80 ~50- 110 Revenues EUR 580m – 640m ~370 ~300 Gross Margin (%) Around 45% Q2-Q4/23e Revenues from After Sales Q2-Q4/23e Revenues from Equipment Order Backlog EBIT
Slide 8: 24 Months Business Development
24 Months Business Development EUR m Order Intake Revenues Order Backlog (incl. equipment & after sales)1 (incl. equipment & after sales)2 (equipment only)1 @ @ @ @ @ @ @ @ @ $1.25 $1.20 $1.15 $1.19 $1.06 $1.07 $1.25 $1.20 $1.15 418 369 352 314 295 268 260 215 181 183 153 143 160 139 130 140 131 114
Slide 9: Q1/23 Revenue Analysis
Q1/23 Revenue Analysis1 Equipment & After Sales End Application (equipment only) Regional Split 1% 12% 27% 23% 25% 47% 73% 28% 64% Equipment LED incl. Micro LED Asia After Sales Power Electronics Europe Optoelectronics & Communications² Americas Other incl. R&D 1 Rounded figures; may not add up 2 In
Slide 10: Annual Total Revenues by Application (including After Sales)
Annual Total Revenues by Application (including After Sales) EUR m 580- 640e 463 429 Q2/23- Q4/23e 269 260 269 230 183 194 198 196 Q1/23 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Range Silicon² Other incl. R&D Power Electronics 1 FY23 Guidance After Sales Optoelectronics and Communicati
Slide 11: Demand Drivers on Order Intake per Quarter (Equipment Only)
Demand Drivers on Order Intake per Quarter (Equipment Only) EUR m 150 Equipment Demand 140 130 120 110 3D Sensing 100 Lasers 90 (VCSELs) 80 70 60 50 40 30 20 10 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2014 2015 2016 20
Slide 12: EU Taxonomy Alignment & ESG-Ratings
EU Taxonomy Alignment & ESG-Ratings EU Taxonomy Aligned Technologies ESG-Ratings FY/2022: Revenues ▪ Wide Band Gap (WBG) Power ▪ CDP: 42% Taxonomy Aligned Semiconductors based on: ▪ 2021: B 58% Taxonomy Non-Aligned ▪ Gallium Nitride (GaN) and ▪ 2020: D ▪ Silicon Carbide (SiC) Key technologies for en
Slide 13: What We Do
What We Do AIXTRON ̶ a leading global supplier of Deposition Equipment for the Compound Semiconductor Industry 12
Slide 14: Our Technology Portfolio for the Deposition of Complex Materials
Our Technology Portfolio for the Deposition of Complex Materials GaN Power & RF Lasers (VCSEL/EEL) (e.g., Fast Charging, IT Power (e.g., Optical Datacom, Machine Optoelectronics / LEDs Supply, 5G, Wireless Power Management Vision, 3D Sensing, LiDAR) Communication) MOCVD Core Technology SiC Power Mic
Slide 15: AIXTRON - Market Position in MOCVD Deposition Equipment
AIXTRON - Market Position in MOCVD Deposition Equipment 2019 2020 2021 3% 16% 14% 28% 11% USD 488m 48% USD 438m USD 561m 26% 58% 75% 21% AIXTRON Veeco AMEC Others Source: Gartner 2019-2021 14
Slide 16: AIXTRON Competitive Landscape
AIXTRON Competitive Landscape USA Europe China/Taiwan Korea Japan GaAs/InP Lasers Opto ROY (Micro) LED GaN (Micro) LED TOPEC Power GaN Power SiC Power Source: AIXTRON estimates 15
Slide 17: Four Year View on Consolidated Income Statement
Four Year View on Consolidated Income Statement1 (EUR m) FY/22 FY/21 FY/20 FY/19 Revenues 463.2 429.0 269.2 259.6 Cost of sales 267.9 247.5 161.0 150.9 Gross profit 195.3 181.5 108.3 108.7 Gross margin 42% 42% 40% 42% Selling expenses 11.2 10.0 9.7 9.9 General & admin expenses 29.2 25.4 18.0 16.5 R&
Slide 18: Four Year View on Consolidated Balance Sheet
Four Year View on Consolidated Balance Sheet1 (EUR m) 31.12.2022 31.12.2021 31.12.2020 31.12.2019 Property, plant & equipment 99.0 74.0 63.5 64.5 Goodwill 72.5 72.3 71.0 72.4 Other intangible assets 3.3 2.2 2.9 2.4 Others2 34.9 25.4 74.9 11.7 Non-current assets 209.7 174.0 212.2 151.0 Inventories 22
Slide 19: Four Year View on Consolidated Statement of Cash Flows
Four Year View on Consolidated Statement of Cash Flows1 (EUR m) FY/22 FY/21 FY/20 FY/19 Net Result 100.5 94.8 34.5 32.5 Non-Cash Items 5.7 5.7 8.0 13.1 Changes in Working Capital (69.1) (34.2) (19.2) (2.8) Cash Flow from Operating Activities² 37.1 66.4 23.3 42.8 Capital Expenditures/Disposals (29.5)
Slide 20: AIXTRON - In a Nutshell
AIXTRON - In a Nutshell 31 7 31 33 Ga N Gallium Nitrogen Ga As Gallium Arsenic 69,72 14,01 69,72 74,92 14 6 49 15 Si Silicon C Carbon In Indium P Phosphorus 28,09 12,01 114,82 30,97 Tools of record Power – Speed – Light Diversified industry portfolio ahead of competition *Enabled by AIXTRON addressi
Slide 21: Financial Calendar & Contact Data
Financial Calendar & Contact Data Our Financial Reporting Dates: For further information please contact: Guido Pickert Christian Rottler 17 May 2023 Annual General Meeting Head of IR & Comms Senior IR 27 July Q2/23 Results, Conference Call +49 (2407) 9030-444 +49 (2407) 9030-6153 26 October Q3/23 Re
Slide 22: AIXTRON SE Dornkaulstr. 2 52134 Herzogenrath, Germany
AIXTRON SE Dornkaulstr. 2 52134 Herzogenrath, Germany Phone +49 (2407) 9030-0 Fax +49 (2407) 9030-40 E-Mai info@aixtron.com