Aixtron Se · XETR:AIXA
Aixtron — H1 2019 Earnings Presentation
12 slides from Aixtron's earnings presentation, July 2019
Slide 1: AIXTRON Investor Presentation
AIXTRON Investor Presentation Results Presentation – H1/2019 (FSE: AIXA, ISIN DE000A0WMPJ6) © AIXTRON Investor Relations, July 2019
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 – H1/2019 Highlights
HIGHLIGHTS 3 AIXTRON – H1/2019 Highlights Order levels to Improve in H2/2019 • H1 Order levels reflecting customer reluctance to invest into additional capacities • Inquiry levels support improving H2 Orders Growth Drivers Intact • Lasers for 3D Sensing, Optical Data Transmission and LIDAR • GaN
Slide 4: Consolidated Income Statement
FINANCIALS 4 Consolidated Income Statement* * Rounded figures; may not add up +/- +/- (€ million) H1/19 H1/18 Q2/19 Q1/19 % % Revenues 132.0 117.6 12 63.3 68.7 -8 Cost of sales 79.4 66.9 19 37.4 42.0 -11 Gross profit 52.6 50.6 4 25.9 26.7 -3 % 40 43 -3pp 41 39 2pp Selling expenses 4.7 4.6 2 2.4 2.3
Slide 5: Balance Sheet
FINANCIALS 5 Balance Sheet* * Rounded figures; may not add up (€ million) 30/06/19 31/03/19 31/12/18 Property, plant & equipment 64.6 66.3 63.1 Goodwill 71.7 72.2 71.6 Other intangible assets 2.3 2.4 2.1 Others 12.4 13.5 13.3 Non-current assets 151.0 154.4 150.1 Inventories 81.8 80.2 73.5 Trade rece
Slide 6: Consolidated Statement of Cash Flows
FINANCIALS 6 Consolidated Statement of Cash Flows* * Rounded figures; may not add up (€ million) H1/19 H1/18 Q2/19 Q1/19 Net Result 15.8 16.0 7.3 8.5 Adjust for Non Cash Items 6.2 -0.1 3.8 2.4 Changes in Working Capital -20.3 -24.5 2.5 -22.8 Cash Flow from Operating Activities 1.7 -8.5 13.6 -11.9 Ca
Slide 7: Update on Development Projects
OPERATIONS 7 Update on Development Projects Progress in OVPD Qualification Process • Gen2 tool installed and being jointly operated with customer • OLED Device Performance being fine-tuned • GenX follow up order targeted for end of 2019 Progress in GaN Power and GaN RF • Broadening Customer Base
Slide 8: AIXTRON – 2019 Guidance: Reconfirmed
OUTLOOK 8 AIXTRON – 2019 Guidance*: Reconfirmed 2019 Guidance* reconfirmed with 2019 Guidance* Margins now at the upper end of the range, taking H1-Results and the current order situation into account: • Total Order Intake between EUR 220 ~ 260 million 2019 Shippable Order Backlog: • Revenues betwee
Slide 9: Financial Calendar & Contact Data
9 Financial Calendar & Contact Data • October 24, 2019 9M/2019 Results, Conference Call • February 2020 FY/2019 Results, Conference Call • April 2020 Q1/2019 Results, Conference Call • May 2020 Annual General Meeting, Aachen, Germany For further information please contact: Investor Relations & Corpo
Slide 10: 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 11: Revenue Analysis
OPERATIONS 11 Revenue Analysis* * Rounded figures; may not add up H1/2019: H1/2019: H1/2019: by equipment & spares by end application by region (equipment only) 4% 12% 19% 45% 12% 40% 81% 76% 11% LED Asia Equipment Power Electronics Spares Europe Optoelectronics* Americas Others * Optoelectronics in
Slide 12: 24-Month Business Development
FINANCIALS 12 24 - Month Business Development (€ million) Order Intake (incl. equipment, 69,6 78,6 75,6 76,0 72,2 65,7 service, spare parts) 53,6 44,7 @ $1.10 @ $1.20 @ $1.20 Order Backlog (equipment only) 108,6 114,9 138,3 151,9 138,3 125,7 110,1 99,2 @ $1.10 @ $1.20 @ $1.20 Revenues 87,9 (incl. eq