Slide 1: AIXTRON Investor Presentation: First Quarter 2019 Results
AIXTRON Investor Presentation First Quarter 2019 Results (April 30, 2019) © AIXTRON Investor Relations, April 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 – Q1/2019 Highlights
HIGHLIGHTS 3 AIXTRON – Q1/2019 Highlights Solid Margins and Earnings • Gross Margin supported by lower Product Cost and strong Dollar • Earnings supported by lower OPEX Orders and Revenues in line • Order levels reflecting customer reluctance to invest into additional capacities • Revenues as ex
Slide 4: Consolidated Income Statement
FINANCIALS 4 Consolidated Income Statement* * Rounded figures; may not add up +/- +/- (€ million) Q1/19 Q1/18 Q1/19 Q4/18 % % Revenues 68.7 62.4 10 68.7 87.9 -22 Cost of sales 42.0 35.6 18 42.0 48.5 -13 Gross profit 26.7 26.8 - 26.7 39.4 -32 % 39 43 -4pp 39 45 -6pp Selling expenses 2.3 2.3 - 2.3 2.7
Slide 5: Balance Sheet
FINANCIALS 5 Balance Sheet* * Rounded figures; may not add up (€ million) 31/03/19 31/12/18 31/03/18 Property, plant & equipment 66.3 63.1 63.8 Goodwill 72.2 71.6 71.1 Other intangible assets 2.4 2.1 1.6 Others 13.5 13.3 9.1 Non-current assets 154.4 150.1 145.7 Inventories 80.2 73.5 46.2 Trade recei
Slide 6: Consolidated Statement of Cash Flows
FINANCIALS 6 Consolidated Statement of Cash Flows* * Rounded figures; may not add up (€ million) Q1/19 Q1/18 Q1/19 Q4/18 Net Result 8.5 12.3 8.5 18.2 Adjust for Non Cash Items 2.4 -3.0 2.4 1.8 Changes in Working Capital -22.8 -30.4 -22.8 -12.4 Cash Flow from Operating Activities -11.9 -21.1 -11.9 7.
Slide 7: Update on Development Projects
OPERATIONS 7 Update on Development Projects Progress in OVPD Qualification Process • Gen2 tool installed and being put into operation with customer • GenX production size order targeted for 2019 Progress in SiC Power • Multiple of our next gen SiC beta tools with customers for qualification duri
Slide 8: AIXTRON – 2019 Guidance: Confirmed
OUTLOOK 8 AIXTRON – 2019 Guidance*: Confirmed 2019 Guidance* confirmed taking Q1 2019 Guidance* Results, the current order situation and customer reticence into account: Q1/2019 • Total Order Intake between Revenues: EUR 220 ~ 260 million EUR 68.7m • Revenues between EUR 260 ~ 290 million 2019 Shipp
Slide 9: Financial Calendar & Contact Data
9 Financial Calendar & Contact Data • May 15, 2019 Annual General Meeting, Aachen/Germany • July 25, 2019 H1/2019 Results, Conference Call • October 24, 2019 9M/2019 Results, Conference Call • February 2020 FY/2019 Results, Conference Call For further information please contact: Investor Relations &
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 Q1/2019: Q1/2019: Q1/2019: by equipment & spares by end application by region (equipment only) 5% 9% 18% 8% 56% 30% 82% 9% 83% LED Asia Equipment Power Electronics Spares Europe Optoelectronics* Americas Others * Optoelectronics inclu
Slide 12: 24-Month Business Development
FINANCIALS 12 24 - Month Business Development (€ million) Order Intake 78.6 75.6 76.0 72.2 (incl. equipment, 66.6 69.6 65.7 53.6 service, spare parts) @ $1.10 @ $1.20 @ $1.20 Order Backlog (equipment only) 108.6 114.9 138.3 151.9 138.3 125.7 93.4 99.2 @ $1.10 @ $1.20 @ $1.20 Revenues 87.9 68.7 60.6