Aixtron Se · XETR:AIXA
Aixtron — Shareholder Meeting (May 2013)
24 slides from Aixtron's shareholder meeting presentation, May 23, 2013
Slide 1: 16th Annual General Meeting
16th Annual General Meeting May 23, 2013 Eurogress Aachen
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 within the meaning of the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. These statem
Slide 3: Agenda Item 1: Presentation of financial statements
Annual General Meeting May 2013 Agenda Item 1 Presentation of the adopted financial statements as of December 31, 2012, adapted annual financial statements as of December 31, 2012, and the management report for fiscal year 2012, the report of the Supervisory Board and the explanatory report by the E
Slide 4: Presentations on Agenda Item 1
Presentations on Agenda Item 1 Martin Goetzeler, President & Chief Executive Officer Introduction Technological Competence 5-Point-Program Return to previous strength Wolfgang Breme, Chief Financial Officer Finances 2012 Finances Q1/2013 S4
Slide 5: Promising future markets
Promising future markets Convergence III-V & CNT / Si Organic Compound Silicon Carbon Material Material Semiconductors Semiconductors Graphene Power Management OVPD®/PVPD® Silicon systems CNTs and CNWs GaN / SiC • OLEDs for display: Graphene, Carbon • RF transistors • Metal nitride and Hi-k Mobile p
Slide 6: Quarterly development in 2012
Quarterly development in 2012 (€ million) Equipment (only)1) Order Intake *) Equipment (only)1) Order Backlog *) revalued on Jan. 1, 2013 to €83.8m at $1,30/€ Total Revenues2) (incl. Equipment, service, spare parts) 1) USD order intake and backlog were recorded at the prevailing budget rate (2012: $
Slide 7: Consolidated Income Statement of the AIXTRON Group
Consolidated Income Statement of the AIXTRON Group* (€ million) 2012 2011 +/- Revenues 227.8 611.0 -63% Cost of sales 227.4 379.5 -40% Gross profit 0.4 231.4 -100% Gross margin 0% 38% -38pp Selling expenses 34.8 32.1 9% General & admin expenses 19.6 34.0 -42% R&D 72.9 50.4 45% Net other op. (income)
Slide 8: Key financials of AIXTRON SE (HGB)
Key financials of AIXTRON SE (HGB)* (€ million) 2012 2011 +/- Revenues 188.8 594.9 -68% Total operating performance 168.9 622.3 -73% Results from ordinary activities -103.0 55.6 n/a Net result -103.2 25.6 n/a Retained earnings 51.5 64.2 -20% Transfer to retained earnings 0.0 -12.8 -100% Accumulated
Slide 9: Consolidated Statement of Financial Position of the AIXTRON Group
Consolidated Statement of Financial Position of the AIXTRON Group* (€ million) 31/12/12 31/12/11 +/- Property, plant & equipment 97.6 96.2 1% Goodwill 64.3 64.1 0% Other intangible assets 4.2 6.2 -32% Others 6.3 29.4 -79% Non-current assets 172.4 195.8 -12% Inventories, WIP & Finished Goods 126.0 18
Slide 10: Consolidated Statement of Cash Flows of the AIXTRON Group
Consolidated Statement of Cash Flows of the AIXTRON Group* (€ million) 2012 2011 +/- Cash Flow from operating activities -45.2 -6.3 n/a Cash Flow from investing activities -4.4 50.5 -109% Cash Flow from financing activities -24.3 -57.5 58% Exchange rate changes 0.8 4.2 -81% Net change in Cash & Cash
Slide 11: Key financials Q1/2013
Key financials Q1/2013* (€ million) Q1/2013 Q1/2012 +/- Equipment order intake 29.9 31.5 -5% Equipment order backlog (end of period) 78.4 136.2 -42% Revenues 40.2 42.0 -4% Gross profit -47.7 10.3 n/a Operating result (EBIT) -76.3 -18.3 n/a Net result -76.0 -12.3 n/a Free Cash Flow* 9.3 -5.6 n/a *) r
Slide 12: 5-Point-Program
5-Point-Program 1 Customer Focusing on customer benefit Putting unique technology portfolio to 2 Technology & Products more effective use, further strengthening future products 3 Efficiency Optimizing process and project structures systematically 4 Finance Value-added financial orientation Strengthe
Slide 13: 1. Customer
1. Customer Focusing on customer benefit Technically experienced key-account manager – started √ Using regional competencies through customer proximity Customer-roadmaps to increase productivity – started √ Boosting service business Our customers‘ success, is our success. S 13
Slide 14: 2. Technology and Products
2. Technology and Products Putting unique technology portfolio to more effective use, further strengthening future products Wide-ranging technological skills: Sustainably profitable applications • control technology cycles Persistent product strategy: Dual-technology-system strategy Analysis of prod
Slide 15: 3. Efficiency
3. Efficiency Optimizing process and project structures systematically, managing actively Cross-functional product development processes “– started √ Product development with regard to „Quality-Gates“– started √ Intensifying cooperative partnership with suppliers Greater flexibility in the supply-ch
Slide 16: 4. Finances
4. Finances Value-added financial orientation Management by defining clear financial objectives: Revenues Operating result (EBIT) Free Cash Flow Return on the capital employed exceeding cost of capital (ROCE>WACC) Measures initiated: Reduction of operating expenses 20% – started √ Staff reduction (w
Slide 17: 5. Employees
5. Employees Strengthening AIXTRON culture, taking individual responsibility, fortifying communication Strengthening employees‘ sense of identification with the company Proactive communication of the goals Setting a clear direction and expectations Clear agreement on goals Continuous exchange of inf
Slide 18: Return to previous strength
Return to previous strength 5-Point Program sets direction Trust Responsibility Reliability S 18
Slide 19: Agenda Item 2: Approval of Executive Board actions
Annual General Meeting May 2013 On Agenda Item 2 Resolution on the approval of the activities of the members of the Executive Board of AIXTRON SE during fiscal year 2012
Slide 20: Agenda Item 3: Approval of Supervisory Board actions
Annual General Meeting May 2013 On Agenda Item 3 Resolution on the approval of the activities of the members of the Supervisory Board of AIXTRON SE during fiscal year 2012
Slide 21: Agenda Item 4: Executive Board remuneration system
Annual General Meeting May 2013 On Agenda Item 4 Resolution on the approval of the system of remuneration of the members of the Company‘s Executive Board
Slide 22: Agenda Item 5: Supervisory Board elections
Annual General Meeting May 2013 On Agenda Item 5 Resolution on the elections for the Supervisory Board
Slide 23: Agenda Item 6: Election of auditor
Annual General Meeting May 2013 On Agenda Item 6 Resolution on the election of the auditor and Group auditor for fiscal year 2013
Slide 24: Agenda Item 7: Authorization to purchase own shares
Annual General Meeting May 2013 On Agenda Item 7 Resolution on the authorization to purchase and use own shares and to exclude pre-emptive rights