Slide 1: AIXTRON Investor Presentation
AIXTRON Investor Presentation Results Presentation – 9M/2019 (FSE: AIXA, ISIN DE000A0WMPJ6) © AIXTRON Investor Relations, October 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 – 9M/2019 Highlights
HIGHLIGHTS 3 AIXTRON – 9M/2019 Highlights Order levels to Improve further in Q4/2019 • Q-on-Q orders improved in Q3 • Ongoing customer discussions support further increasing orders in Q4 MOCVD Product Upgrade Initiatives to address Growth Drivers • MOCVD Platform upgrade in progress in 2019/2020
Slide 4: Consolidated Income Statement
FINANCIALS 4 Consolidated Income Statement* * Rounded figures; may not add up +/- +/- (€ million) 9M/19 9M/18 Q3/19 Q2/19 % % Revenues 184.6 180.9 2 52.6 63.3 -17 Cost of sales 109.8 102.7 7 30.4 37.4 -19 Gross profit 74.7 78.2 -4 22.1 25.9 -15 % 40 43 -3 pp 42 41 1 pp Selling expenses 7.1 6.7 6 2.4
Slide 5: Balance Sheet
FINANCIALS 5 Balance Sheet* * Rounded figures; may not add up (€ million) 30/09/19 30/06/19 31/12/18 Property, plant & equipment 64.8 64.6 63.1 Goodwill 72.2 71.7 71.6 Other intangible assets 2.2 2.3 2.1 Others 12.5 12.4 13.3 Non-current assets 151.8 151.0 150.1 Inventories 87.9 81.8 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) 9M/19 9M/18 Q3/19 Q2/19 Net Result 20.2 27.7 4.4 7.3 Adjust for Non Cash Items 9.0 -0.1 2.8 3.8 Changes in Working Capital -22.7 -22.2 -2.4 2.5 Cash Flow from Operating Activities 6.5 5.4 4.9 13.6 Capita
Slide 7: Update on Development Projects
OPERATIONS 7 Update on Development Projects Progress in OVPD Qualification Process • Gen2 tool being jointly operated and optimized with customer • OLED process being enhanced to drive device performance • GenX follow up order targeted for H1/2020 Progress in GaN Power and GaN RF • Broadening cu
Slide 8: AIXTRON – 2019 Guidance: Firmed Up
OUTLOOK 8 AIXTRON – 2019 Guidance*: Firmed Up 2019 Guidance* firmed up with 2019 Guidance* Orders, Revenues, FCF now at the lower end of the range, taking 9M-Results and the current order/revenue situation into account: 2019 Shippable Order Backlog: • Total Order Intake around ca. EUR 64m EUR 220 mi
Slide 9: Financial Calendar & Contact Data
9 Financial Calendar & Contact Data • February 27, 2020 FY/2019 Results, Conference Call • April 30, 2020 Q1/2020 Results, Conference Call • May 20, 2020 Annual General Meeting, Aachen, Germany • October 29, 2020 9M/2020 Results, Conference Call • February 2021 FY/2020 Results, Conference Call For f
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: Key Financials Q3/2019
FINANCIALS 11 Key Financials Q3/2019* * Rounded figures; may not add up +/- +/- (€ million) 9M/19 9M/18 Q3/19 Q2/19 % % Order intake 150.6 230.3 -35 52.2 44.7 17 Order backlog (equipment only) 108.4 151.9 -29 108.4 110.1 -2 Revenues 184.6 180.9 2 52.6 63.3 -17 Gross profit 74.7 78.2 -4 22.1 25.9 -15
Slide 12: Revenue Analysis
OPERATIONS 12 Revenue Analysis* * Rounded figures; may not add up 9M/2019: 9M/2019: 9M/2019: by equipment & spares by end application by region (equipment only) 4% 16% 20% 39% 14% 44% 80% 70% 13% LED Asia Equipment Power Electronics Spares Europe Optoelectronics* Americas Others * Optoelectronics in
Slide 13: 24-Month Business Development
FINANCIALS 13 24 - Month Business Development (€ million) Order Intake (incl. equipment, 78.6 75.6 76.0 72.2 service, spare parts) 65.7 53.6 52.2 44.7 @$1.10 @ $1.20 @ $1.20 Order Backlog (equipment only) 138.3 151.9 138.3 114.9 125.7 108.6 110.1 108.4 @$1.10 @ $1.20 @ $1.20 Revenues (incl. equipmen