Aixtron Se · XETR:AIXA
Aixtron — 9M 2009 Earnings Presentation
18 slides from Aixtron's earnings presentation, Oct 28, 2009
Slide 1: Nine Months 2009 Results
(FSE: AIXA, ISIN DE000A0WMPJ6; NASDAQ: AIXG, ISIN: US0096061041) Nine Months 2009 Results October October 28, 28, 2009 2009 Paul Hyland President & Chief Executive Officer Wolfgang Breme Executive Vice President & Chief Financial Officer
Slide 2: Forward-Looking Statements
Forward-Looking Statements This publication constitutes neither an offer to sell nor a solicitation of an offer to buy securities. In particular, this document constitutes neither an offer to sell nor a solicitation of an offer to purchase securities in the United States. The shares in AIXTRON Aktie
Slide 3: Financial Highlights: Quarter-on-Quarter Sequential Comparison
Financial Highlights Quarter-on-Quarter Sequential Comparison (Q3/2009 vs. Q2/2009) Nine Months 2009 Results Quarterly revenues up 45% to €82.0m (Q2/2009: €56.7m) EBIT up 255% to €16.7m with 20% margin (Q2/2009: €4.7m; 8%) EPS increased 225% to €0.13 in Q3/2009 (Q2/2009: €0.04) Equipment order intak
Slide 4: Financial Highlights: Year-on-Year Comparison
Financial Highlights Year-on-Year Comparison (9M/2009 vs. 9M/2008) Nine Months 2009 Results 9M/2009 total revenues down 4% to €184.9m (9M/2008: €192.1m) Gross margin higher at 43% (9M/2008: 40%) 9M/2009 EBIT up 16% to €29.0m with 16% margin (9M/2008: €25.0m with 13% margin) EPS increased 10% to €0.2
Slide 5: High Brightness LED Market Forecast
High Brightness LED Market Forecast* HB LED summary forecast by application 2008 Nine Months 2009 Results 16,000 16% 16% 14,000 % 10% 24 12,000 Market Size (USD million) G R 10,000 CA 15% 42% 8,000 1% 6,000 4,000 2013e 8% 2,000 0 19% 2008 2009e 2010e 2011e 2012e 2013e 48% Signs / Displays Mobile App
Slide 6: Group Income Statement
Group Income Statement (€ million, unaudited) 9M/09 9M/08 +/- Q3/09 Q3/08 +/- Nine Months 2009 Results Revenues 184.9 192.1 -4% 82.0 63.9 28% Cost of sales 105.7 114.8 -8% 47.3 37.0 28% Gross profit 79.2 77.3 2% 34.7 26.9 29% Gross Margin 43% 40% +3 pp 42% 42% +0 pp Selling expenses 16.3 20.5 -20% 6
Slide 7: Group Balance Sheet
Group Balance Sheet (€ million, unaudited) 30/09/09 31/12/08 30/09/08 Nine Months 2009 Results Property, plant & equipment 32.8 39.3 38.0 Goodwill 57.1 58.7 59.3 Other intangible assets 7.8 10.3 10.9 Others 14.2 9.1 12.1 Non-current assets 111.9 117.4 120.3 Inventories, WIP & Finished Goods 78.4 77.
Slide 8: Group Cash Flow Statement
Group Cash Flow Statement (€ million, unaudited) 9M/2009 9M/2008 Nine Months 2009 Results Cash Flow from operating activities 44.5 14.7 Cash Flow from investing activities -31.8 -23.4 Cash Flow from financing activities -5.1 -5.1 (incl. exchange rate changes) Net change in Cash & Cash Equivalents 7.
Slide 9: Capital Increase
Capital Increase Details of the Share Offer: Nine Months 2009 Results Use of authorized capital (no subscription rights) Issuing up to 8,979,937 new registered shares Approx. 9.8% of current share capital Offered to qualified investors in Germany and internationally Accelerated bookbuilding managed
Slide 10: Quarterly Business Development
24 - Month Business Development (€ million) 117.6 Nine Months 2009 Results 86.9 85.5 72.5 Equipment (only) 52.2 57.9 Order Intake 40.6 31.2 157.3 165.1 158.1 152.4 132.0 105.0 100.7 109.4 Equipment (only) Order Backlog 82.3 82.0 65.6 63.9 Total Revenues 62.6 46.2 56.7 (incl. equipment, 54.1 service,
Slide 11: Revenue Analysis
Revenue Analysis 9M/2009: 9M/2009: 9M/2009: by Technology by End Application by Region Nine Months 2009 Results (equipment only) 9% 5% 5% 5% 15% 9% 2% 4% 2% 86% 80% 78% Compound LED Asia Silicon Telecom/Datacom Europe Spares & Service Consumer/Optoelectronic USA Solar Display & Others Silicon Slide:
Slide 12: Revised 2009 Guidance Model
Revised 2009 Guidance Model 2009 revised revenue guidance: €280m Nine Months 2009 Results 2009 increased EBIT guidance: 18% EBIT margin (€ million) ‘shippable’ equipment orders out 9M/2009 actual total of €152m total 30/09/09 backlog 88 revenue Assumed Q4/2009 spares & 7 non-equipment revenues 185 S
Slide 13: Key Takeaways
Key Takeaways Rapid & Sustainable Market Development: Nine Months 2009 Results Evidence of faster penetration of TV LED-backlighting Increasing momentum for lighting applications Ecological awareness increasingly influencing consumer behavior Rising interest in tools with bigger wafer configurations
Slide 14: Financial Calendar & Contact Data
Financial Calendar & Contact Data March 11, 2010 Full Year 2009 Results, Conference in Frankfurt Nine Months 2009 Results April 29, 2010 Q1/2010 Results, Conference Call May 18, 2010 Annual General Meeting, Eurogress Aachen July 29, 2010 First Half 2010 Results, Conference in Frankfurt For further i
Slide 15: Appendix
Nine Months 2009 Results Appendix Target Target Market Market Opportunities Opportunities Detailed Detailed Financial Financial Statements Statements Slide: 15
Slide 16: Market Prospects
Market Prospects Short -Term Increasing penetration of LED backlighting in TVs Nine Months 2009 Results LEDs for increasing automotive applications Early street light orders Mid-Term Increasing LED backlighting for monitors Emerging general/interior lighting device applications Emerging e-reader app
Slide 17: Key Financials
Key Financials Quarter-on-Quarter Sequential Comparison (Q3/2009 vs. Q2/2009) Nine Months 2009 Results (€ million, unaudited) Q3/2009 Q2/2009 +/- Equipment Order Intake 117.6 57.9 103% Equipment Order Backlog (end of period) 152.4 109.4 39% Revenues 82.0 56.7 45% Gross Profit 34.7 23.5 48% Gross Mar
Slide 18: Nine Months 2009 Results
Nine Months 2009 Results Slide: 18