Slide 1: AIXTRON Investor Presentation
AIXTRON Investor Presentation IR Presentation - Full Year 2020 © AIXTRON Investor Relations, February 2021
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
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 near Aachen, Germany Company founded in 1983, >35 years of experience Worldwide presence in 7 countries Technology leader in deposition systems R&D and production facilities in Germany and UK Over 3,500 deposition systems sold worldwide ~ 7
Slide 5: Where we are
ABOUT AIXTRON Where we are -—* Santa Clara USA @ AIXTRON Group @ Representation Cambridge UK 4 ° oe Te ——= e South Korea Herzogenrath e | Germany Pe AIXTRON SE —" Tokyo Headquarters ee Shanghai Japan china x © usinchu Talwan
Slide 6: What We Do
ABOUT AIXTRON 6 What We Do part of lab/tool photographs©Fraunhofer IISB/Kurt Fuchs We provide enabling Deposition Technologies to the Compound Semiconductor and Display Industry For Optoelectronics and Power Electronics For Organic Electronics Applications • Metal-Organic Chemical Vapor Deposition (
Slide 7: Our MOCVD Market Position
ABOUT AIXTRON 7 Our MOCVD Market Position 2017 2018 2019 3% 2% 5% 24% 20% 25% US$ 401m 43% US$ 553m 46% US$ 524m 56% 34% 14% 27% AIXTRON AIXTRON AIXTRON Veeco Veeco Veeco AMEC AMEC AMEC Others Others Others Source: Gartner (2017; 2018), Company reports, AIXTRON estimates
Slide 8: Technology Portfolio for Complex Material Deposition
AIXTRON TECHNOLOGIES AND PRODUCTS 8 Technology Portfolio for Complex Material Deposition OLED: OVPD®/PVPD® Nanomaterials NANO: Innovation Pool GaN Power | GaN/GaAs RF LEDs / Optoelectronics Lasers (VCSEL/EEL) Power Management (e.g. Wireless Charging, Fast (e.g. 3D Sensing, Lidar, Charging, Power Sup
Slide 9: Revenue Analysis
OPERATIONS 9 Revenue Analysis* * Rounded figures; may not add up FY 2020: FY 2020: FY 2020: by equipment & after sales by end application by region (equipment only) 9% 12% 17% 27% 15% 33% 73% 83% 31% LED Asia Equipment Power Electronics After Sales Europe Optoelectronics* Americas Others * Optoelect
Slide 10: 24-Month Business Development (Q1/2019 – Q4/2020)
FINANCIALS 10 24 - Month Business Development (Q1/2019 – Q4/2020) (€ million) Order Intake (incl. Equipment & 81.4 92.2 After Sales) 68.8 69.6 70.8 53.6 52.2 44.7 @ $1.20 Order Backlog (Equipment only) 146.3 156.6 164.1 150.9 125.7 116.7 110.1 108.4 @ $1.20 Revenues 108.1 (incl. Equipment & 68.7 63.
Slide 11: Consolidated Income Statement
FINANCIALS 11 Consolidated Income Statement* * Rounded figures; may not add up +/- +/- (€ million) FY/20 FY/19 Q4/20 Q3/20 To be updated % % Revenues 269.2 259.6 4 108.1 64.1 69 Cost of Sales 161.0 150.9 7 63.1 38.4 64 Gross profit 108.3 108.7 0 45.0 25.8 75 % 40 42 -2 pp 42 40 2 pp Selling expenses
Slide 12: Balance Sheet
Financials 12 Balance Sheet* * Rounded figures; may not add up (€ million) 31/12/20 31/12/19 30/09/20 To be updated Property, plant & equipment 63.5 64.5 66.9 Goodwill 71.0 72.4 71.2 Other intangible assets 2.9 2.4 2.7 Others 74.9 11.7 41.8 Non-current assets 212.2 151.0 182.7 Inventories 79.1 79.0
Slide 13: Consolidated Statement of Cash Flows
FINANCIALS 13 Consolidated Statement of Cash Flows* * Rounded figures; may not add up (€ million) FY/20 FY/19 Q4/20 Q3/20 Net Result 34.5 32.5 24.9 7.1 Adjust for Non-Cash Items 8.0 13.1 2.0 3.2 Changes in Working Capital (19.2) (2.8) (8.5) (2.2) Cash Flow from Operating Activities** 23.3 42.8 18.4
Slide 14: AIXTRON 2021 Guidance – Strong Growth Expected
Outlook 14 AIXTRON 2021 Guidance* – Strong Growth Expected Based on current order situation, Management expects for 2021**: 2021 Equipment Order Intake Convertible into 2021 Revenues: • Total Order Intake between EUR 140 ~ 180m EUR 340 ~ 380 million Equipment Order • Revenues between Backlog convert
Slide 15: Market Prospects
FUTURE MARKETS 15 Market Prospects Short-Term • Increasing adoption of compound semiconductor-based lasers for 3D sensor systems in mobile devices as well as sensors for infrastructure applications. • Further increasing demand for lasers for optical data transmission of large volumes, such as for vi
Slide 16: Epitaxial Growth Equipment Market Forecast
MARKETS 16 Epitaxial Growth Equipment Market Forecast* * Excluding MBE Micro LED equipment demand as strongest driver from 2021 (Aggressive Model) Power equipment demand to accelerate from 2021 ($ million) 7,000 Base Aggressive 6,000 CAGR: ~35% 5,000 3,323 4,000 3,000 1,588 CAGR: ~21% 2,000 450
Slide 17: AIXTRON – Enabling Emerging Global Mega Trends
AIXTRON TECHNOLOGIES AND PRODUCTS 17 AIXTRON – Enabling Emerging Global Mega Trends GaAs GaN Optical 3D Sensing Mobile Power Supplies for Automotive Communication Lasers communication Consumer Electronics MOCVD Platform Technology GaAs SiC Electric Solar Vehicles Fine Pitch & Infrared LED MiniLED Di
Slide 18: AIXTRON MOCVD – Planetary Reactor: Tool-of-Record
AIXTRON TECHNOLOGIES AND PRODUCTS 18 AIXTRON MOCVD – Planetary Reactor®: Tool-of-Record Individual Wafer Rotation = Best Material Uniformity Individual wafer temperature adjustment = Wafer Level Control/Optimization Highest Epi / Product Yield = Lowest Production Cost
Slide 19: Devices: GaN/SiC Power Electronics – Superior Performance
AIXTRON TECHNOLOGIES AND PRODUCTS 19 Devices: GaN/SiC Power Electronics – Superior Performance Source: icons from www.flaticon.com Energy Saving Electric Vehicles EV-charging More Efficient Less Heat Light Weight Renewable Energy Data Centers Lower Smaller System Cost Wireless Charging Fast Charging
Slide 20: Overview: GaN/SiC as Wide Band Gap Power Electronics
AIXTRON TECHNOLOGIES AND PRODUCTS 20 Overview: GaN/SiC as 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 • UPS •
Slide 21: SiC in Automotive: Main Inverter as the Major Market Opportunity
AIXTRON TECHNOLOGIES AND PRODUCTS 21 SiC in Automotive : Main Inverter as the Major Market Opportunity Quick charging pole Higher efficiency = 1 kV DC (30 – 300 kW) Battery size Battery 3 reduction 2 OBC DC-DC 1 Main inverter 240 V Cost savings AC Range extension Component Power (kW) Fraction
Slide 22: Devices: ROY LEDs for RGB Displays; UV LEDs for Niche Markets
AIXTRON TECHNOLOGIES AND PRODUCTS 22 Devices: ROY LEDs for RGB* Displays; UV LEDs for Niche Markets Source: LEDinside, Yole Développement Initial RGB* LED Introduction DISPLAYS Expected ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● Stadium Fine Pitch MiniLED for Micro LED f
Slide 23: Devices: Micro LED – The Perfect Future Display Technology
AIXTRON TECHNOLOGIES AND PRODUCTS 23 Devices: Micro LED – The Perfect Future Display Technology Source: LEDinside RGB* ● ● ● Self-Emissive Micro LED ● ● ● ● ● ● Display 1 Wearables ≈ Low Power 100 Consumption Perfect AR/VR Contrast ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● High Signage ●
Slide 24: Devices: VCSEL/EEL – Internet of Things Creates New Opportunities
AIXTRON TECHNOLOGIES AND PRODUCTS 24 Devices: VCSEL/EEL – Internet of Things Creates New Opportunities Source: icons from www.flaticon.com 3D Sensing Functionality Face Recognition / Lidar Facial Recognition Autonomous Driving Lasers: VCSEL/EEL Processor Tailor-made clothing/shoes Interior Design Se
Slide 25: AIXTRON – Instrumental in Evolving Display Technologies
AIXTRON TECHNOLOGIES AND PRODUCTS 25 AIXTRON – Instrumental in Evolving Display Technologies Specialty Target: Qualification for LED Volume Production OLED Display Plasma LED Backlit Display Micro LED Display LCD CRT // 1950’s → 2000’s → 2006 → 2010 → Under Development →
Slide 26: APEVA: OLED Deposition System Provider
AIXTRON TECHNOLOGIES AND PRODUCTS 26 APEVA: 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 Materi
Slide 27: AIXTRON Investor Presentation
AIXTRON INVESTOR PRESENTATION 27
Slide 28: Demand Drivers on Order Intake per Quarter (Equipment Only)
OPERATIONS 28 Demand Drivers on Order Intake per Quarter (Equipment Only) strategic 250 (EUR million) China investments Lasers, ROY LEDs and WBG 200 LED TV Overcapacity Power Absorption, Electronics telecom/datacom notebook 3D Sensing Lasers and mobile phone backlighting Industry 150 (VCSELs) Consol
Slide 29: Annual Total Revenues by Application (including After Sales)
FINANCIALS 29 Annual Total Revenues by Application (including After Sales) 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 2017 2018 2019 2020 LED Power Electronics Optoelectronics* Others Spares, Services, etc
Slide 30: AIXTRON Competitive Landscape
INDUSTRY 30 AIXTRON Competitive Landscape USA Europe China Korea Japan GaAs/InP Opto Optoelectronics, ROY LED GaN LED TOPEC Power GaN Power SiC Power OLED
Slide 31: Consolidated Income Statement
FINANCIALS 31 Consolidated Income Statement* * Rounded figures; may not add up (€ million) 2020 2019 2018 Revenues 269.2 259.6 268.8 Cost of sales 161.0 150.9 151.2 Gross profit 108.3 108.7 117.6 % 40% 42% 44% Selling expenses 9.7 9.9 9.4 General & admin expenses 18.0 16.5 18.4 R&D 58.4 55.0 52.2 Ne
Slide 32: Balance Sheet
FINANCIALS 32 Balance Sheet* * Rounded figures; may not add up (€ million) 31/12/20 31/12/19 31/12/18 Property, plant & equipment 63.5 64.5 63.1 Goodwill 71.0 72.4 71.6 Other intangible assets 2.9 2.4 2.1 Others 74.9 11.7 13.3 Non-current assets 212.2 151.0 150.1 Inventories 79.1 79.0 73.5 Trade rec
Slide 33: Consolidated Statement of Cash Flows
FINANCIALS 33 Consolidated Statement of Cash Flows* * Rounded figures; may not add up (€ million) 2020 2019 2018 Cash Flow from operating activities -39.2 42.8 11.9 Cash Flow from investing activities -41.5 -6.8 -15.1 Cash Flow from financing activities -0.9 -1.2 10.4 Exchange rate changes -2.0 -0.1
Slide 34: Financial Calendar & Contact Data
34 Financial Calendar & Contact Data • April 29, 2021 Q1/2021 Results, Conference Call • May 19, 2021 Virtual Annual General Meeting • July 29, 2021 H1/2021 Results, Conference Call • November 04, 2021 9M/2021 Results, Conference Call • February 24, 2022 FY 2021 Results, Conference Call For further
Slide 35: AIXTRON – Our technology. Your future.
35 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