Slide 1: Q3 2022 Earnings Call
Q3 2022 Earnings Call Felix Grawert, CEO Christian Danninger, CFO 27th October 2022
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. These statements may be identified by words such as “may”, “will”, “expect”, “anticipate”, “contemplate”, “intend”, “pla
Slide 3: AIXTRON – Q3/22 Highlights
AIXTRON – Q3/22 Highlights ✓ Q3/2022: Strong Order Momentum Continuing Further ▪ Strong order intake of EUR 143m, equipment order backlog at EUR 369m ▪ SiC & GaN Power Electronics biggest demand drivers ▪ Recently introduced G10-SiC with largest share in orders ✓ Q3/2022: Product Mix Driving up Gros
Slide 4: Consolidated Income Statement
Consolidated Income Statement1 (EUR m) 9M/22 9M/21 +/- (%) Q3/22 Q3/21 +/- (%) Revenues 279.9 248.1 13% 88.9 130.8 (32%) Cost of sales 166.9 146.6 14% 49.5 74.5 (34%) Gross profit 113.1 101.4 12% 39.3 56.3 (30%) Gross margin 40% 41% (1 pp) 44% 43% 1 pp Selling expenses 7.8 7.2 8% 2.7 2.2 23% General
Slide 5: Consolidated Balance Sheet
Consolidated Balance Sheet1 (EUR m) 30/09/22 30/06/22 31/12/21 Property, plant & equipment 88.1 79.2 74 Goodwill 73.5 73.0 72.3 Other intangible assets 3.3 3.0 2.2 Others 35.4 29.4 25.4 Non-current assets 200.3 184.6 174.0 Inventories 209.2 161.6 120.6 Trade receivables 48.7 58.3 81.0 Others 18.7 14
Slide 6: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows1 (EUR m) 9M/22 9M/21 Q3/22 Q3/21 Net Result 50.2 42.9 19.1 31.4 Non-Cash Items 1.1 1.7 (2.2) 3.2 Changes in Working Capital (15.4) (4.2) (16.4) (46.8) Cash Flow from Operating Activities 35.9 40.5 0.5 (12.2) Capital Expenditures/Disposals (16.9) (13.3) (8.0) (6.8
Slide 7: AIXTRON – 2022 Guidance Upgraded
AIXTRON – 2022 Guidance Upgraded EUR m 2022 Guidance1 Upgraded, based on 9M/22 Results, demand situation and current environment Revenue Guidance FY/2022 EUR m Total Order Intake 540 – 600 (from 520 – 580) ~150- 200 280 Revenues 450 – 500 (unchanged) ~20 Gross Margin (%) 42% (from 41%) 9M/2022 Reven
Slide 8: Appendix
AIXTRGN Appendix
Slide 9: What we do
What we do AIXTRON ̶ a leading global supplier of Deposition Equipment for the Compound Semiconductor Industry 8
Slide 10: Our Technology Portfolio for the Deposition of Complex Materials
Our Technology Portfolio for the Deposition of Complex Materials GaN Power & RF Lasers (VCSEL/EEL) (e.g., Fast Charging, IT Power (e.g., Optical Datacom, Machine Optoelectronics / LEDs Supply, 5G, Wireless Power Management Vision, 3D Sensing, LiDAR) Communication) MOCVD Core Technology SiC Power Mic
Slide 11: AIXTRON - Market Position in MOCVD Deposition Equipment
AIXTRON - Market Position in MOCVD Deposition Equipment 2019 2020 2021 3% 16% 14% 28% 11% USD 488m 48% USD 438m USD 561m 26% 58% 75% 21% AIXTRON Veeco AMEC Others Source: Gartner 2019-2021 10
Slide 12: AIXTRON Competitive Landscape
AIXTRON Competitive Landscape USA Europe China/Taiwan Korea Japan GaAs/InP Lasers Opto ROY (Micro) LED GaN (Micro) LED TOPEC Power GaN Power SiC Power Source: AIXTRON estimates 11
Slide 13: 9M/22 Revenue Analysis
9M/22 Revenue Analysis1 Equipment & After Sales End Application (equipment only) Regional Split 2% 22% 17% 25% 36% 16% 66% 78% 37% LED incl. Micro LED Power Electronics Equipment After Sales 2 Asia Europe Americas Optoelectronics & Communications Other incl. R&D 1 Rounded figures; may not add up 2 I
Slide 14: 24 Months Business Development
24 Months Business Development EUR m Order Intake Revenues Order Backlog (incl. equipment & after sales)1 (incl. equipment & after sales)2 (equipment only)1 @ @ @ @ @ @ @ @ @ $1.20 $1.25 $1.20 $1.17 $1.19 $1.08 $1.20 $1.25 $1.20 369 314 295 268 260 224 215 181 153 143 164 139 151 124 130 131 114 120
Slide 15: Annual Total Revenues by Application (including After Sales)
Annual Total Revenues by Application (including After Sales) EUR m 450- 500e 429 Q4/22e 269 260 269 230 194 198 196 183 9M/22 actual 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022e 1 2 LED incl. Micro LED Power Electronics Optoelectronics and Communications After Sales Others Silicon 1 Includes a
Slide 16: Demand Drivers on Order Intake per Quarter (Equipment Only)
Demand Drivers on Order Intake per Quarter (Equipment Only) EUR m 140 Equipment Demand 130 120 110 3D Sensing Lasers 100 (VCSELs) 90 80 70 60 50 40 30 20 10 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2013 2014 2015 2016 2017 2018
Slide 17: EU Taxonomy Alignment & ESG-Ratings
EU Taxonomy Alignment & ESG-Ratings EU Taxonomy Aligned Technologies ESG-Ratings FY/2021: Revenues ▪ Wide Band Gap (WBG) Power ▪ CDP: 43% Taxonomy Aligned 57% Semiconductors based on: ▪ 2021: B Taxonomy Non-Aligned ▪ Gallium Nitride (GaN) and ▪ 2020: D ▪ Silicon Carbide (SiC) Key technologies for en
Slide 18: Three Year View on Consolidated Income Statement
Three Year View on Consolidated Income Statement1 (EUR m) 2021 2020 2019 2020-2021 (%) Revenues 429.0 269.2 259.6 59 Cost of sales 247.5 161.0 150.9 54 Gross profit 181.5 108.3 108.7 68 Gross margin 42% 40% 42% 2 pp Selling expenses 10.0 9.7 9.9 3 General & admin expenses 25.4 18.0 16.5 41 R&D 56.8
Slide 19: Three Year View on Consolidated Balance Sheet
Three Year View on Consolidated Balance Sheet1 (EUR m) 31.12.2021 31.12.2020 31.12.2019 Property, plant & equipment 74.0 63.5 64.5 Goodwill 72.3 71.0 72.4 Other intangible assets 2.2 2.9 2.4 Others2 25.4 74.9 11.7 Non-current assets 174.0 212.2 151.0 Inventories 120.6 79.1 79.0 Trade receivables 81.
Slide 20: Three Year View on Consolidated Statement of Cash Flows
Three Year View on Consolidated Statement of Cash Flows1 (EUR m) 2021 2020 2019 Net Result 94.8 34.5 32.5 Adjust for Non-Cash Items 5.7 8.0 13.1 Changes in Working Capital (34.2) (19.2) (2.8) Cash Flow from Operating Activities2 66.4 23.3 42.8 Capital Expenditures/Disposals (17.7) (9.3) (7.7) Free C
Slide 21: AIXTRON - In a Nutshell
AIXTRON - In a Nutshell 31 7 31 33 Ga N Gallium Nitrogen Ga As Gallium Arsenic 69,72 14,01 69,72 74,92 14 6 49 15 Si Silicon C Carbon In Indium P Phosphorus 28,09 12,01 114,82 30,97 Tools of record Power – Speed – Light Diversified industry portfolio ahead of competition *Enabled by AIXTRON addressi
Slide 22: Financial Calendar & Contact Data
Financial Calendar & Contact Data Our Financial Reporting Dates: For further information please contact: Investor Relations Team March 2023 Guido Pickert FY/2022 Results, Conference Call Phone: +49 (2407) 9030-444 April 2023 Christian Rottler Phone: +49 (2407) 9030-6153 Q1/2023 Results, Conference C
Slide 23: AIXTRON SE
AIXTRON SE Dornkaulstr. 2 52134 Herzogenrath, Germany Phone +49 (2407) 9030-0 Fax +49 (2407) 9030-40 E-Mai info@aixtron.com