Slide 1: Investor Presentation: Full Year 2021 Results
Investor Presentation Full Year 2021 Results, February 24, 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 – Q4/2021 and FY/2021 Highlights
HIGHLIGHTS AIXTRON – Q4/2021 and FY/2021 Highlights ✓ Record Orders and Revenues in 2021 – Guidance fully achieved ▪ EUR 497 million Order Intake in 2021 ▪ EUR 429 million Revenues in 2021 at 42% Gross Margin and at 23% EBIT Margin ▪ EUR 120 million Order Intake in Q4/2021 ▪ EUR 181 million Revenues
Slide 4: Consolidated Income Statement
FINANCIALS Consolidated Income Statement1 (EUR million) FY/21 FY/20 +/- (%) Q4/21 Q4/20 +/- (%) Revenues 429.0 269.2 59 180.9 108.1 67 Cost of sales 247.5 161.0 54 100.9 63.1 60 Gross profit 181.5 108.3 68 80.0 45.0 78 Gross margin 42% 40% 2 pp 44% 42% 2 pp Selling expenses 10.0 9.7 3 2.8 2.4 17 Gen
Slide 5: Balance Sheet
FINANCIALS Balance Sheet1 (EUR million) 31/12/21 31/12/20 30/09/21 Property, plant & equipment 74.0 63.5 70.6 Goodwill 72.3 71.0 71.9 Other intangible assets 2.2 2.9 2.2 Others 25.4 74.92 24.0 Non-current assets 174.0 212.2 168.7 Inventories 120.6 79.1 137.3 Trade receivables 81.0 41.3 38.0 Others 1
Slide 6: Consolidated Statement of Cash Flows
FINANCIALS Consolidated Statement of Cash Flows1 (EUR million) FY/21 FY/20 Q4/21 Q4/20 Net Result 94.8 34.5 51.9 24.9 Adjust for: Non-Cash Items 5.7 8.0 3.4 2.0 Changes in Working Capital2 (34.2) (19.2) (30.1) (8.5) Cash Flow from Operating Activities2 66.4 23.3 25.2 18.4 Capital Expenditures/Dispos
Slide 7: AIXTRON – 2022 Guidance: Growth to Continue
OUTLOOK AIXTRON – 2022 Guidance1: Growth to Continue 2022 Guidance1 based on current order situation and current environment and Budget Rate of 1.20 USD/EUR: Revenue Guidance FY 2022 EUR million Total Order Intake (EUR million) 520 - 580 ~65 170- 220 Revenues (EUR million) 450 - 500 ~215 Gross Margi
Slide 8: 24 Months Business Development
FINANCIALS 24 Months Business Development EUR million Order Intake Revenues Order Backlog (incl. equipment & after sales) (incl. equipment & after sales) (equipment only) @ @ @ @ @ @ $1.20 $1.25 $1.14 $1.19 $1.20 $1.25 295 268 224 215 181 164 139 146 157 151 124 131 114 120 108 92 69 70 71 64 68 56
Slide 9: Revenue Analysis FY/2021
OPERATIONS Revenue Analysis1 FY/2021: FY/2021: FY/2021: by equipment & after sales by end application (equipment only) by region 15% 10% 23% 2% 37% 20% 38% 70% 85% equipment after sales LED Other incl. R&D Asia Americas Power Optoelectronics and Europe Electronics Communications2 1 Rounded figures;
Slide 10: EU Taxonomy Alignment & ESG-Ratings
ESG & Sustainability 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) Ke
Slide 11: AIXTRON Competitive Landscape
AIXTRON Competitive Landscape USA Europe China/Taiwan Korea Japan GaAs/InP Opto Optoelectronics, ROY LED GaN LED TOPEC Power GaN Power SiC Power Source: AIXTRON estimates 10
Slide 12: What we do
What we do AIXTRON ̶ a leading global supplier of Deposition Equipment for the Semiconductor Industry 11
Slide 13: Our #1 MOCVD Market Position
OPERATIONS Our #1 MOCVD Market Position 2018 2019 20201 2% 3% 16% 24% 28% USD 553m 46% USD 488m 48% USD 438m 26% 58% 27% 21% AIXTRON Veeco AMEC Others 1: 2021 data not yet available Source: Gartner April 2021 12
Slide 14: Our Technology Portfolio for the Deposition of Complex Materials
Our Technology Portfolio for the Deposition of Complex Materials Lasers (VCSEL/EEL) GaN Power | GaAs/GaN RF LEDs / Optoelectronics (e.g., Optical Datacom, 3D Sensing; (e.g., Wireless Charging, Fast Power Management LiDAR) Charging, IT Power Supply, 5G) MOCVD Core Technology Micro LEDs and Specialty
Slide 15: Annual Total Revenues by Application – 10 Year View
Annual Total Revenues by Application (including After Sales) – 10 Year View EUR million 450- 500e 500 450 429 400 350 300 269 269 260 250 230 194 198 196 200 183 150 100 50 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022e Silicon1 After Sales Others Optoelectronics and Communications2 Power Elec
Slide 16: Demand Drivers on Order Intake per Quarter – 10 Year View
100 110 120 130 0 10 20 30 40 60 70 80 90 50 Q1/13 Q2/13 EUR million Q3/13 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Equipment Demand Lasers Q3/17 (VCSELs) 3D Sensing Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Demand Drivers on Order I
Slide 17: Three Year View on Consolidated Income Statement
FINANCIALS Three Year View on Consolidated Income Statement1 (EUR million) 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
Slide 18: Three Year View on Balance Sheet
FINANCIALS Three Year View on Balance Sheet1 (EUR million) 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
Slide 19: Three Year View on Consolidated Statement of Cash Flows
FINANCIALS Three Year View on Consolidated Statement of Cash Flows1 (EUR million) 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) (
Slide 20: Financial Calendar & Contact Data
Financial Calendar & Contact Data Our Financial Reporting Dates: For further information please contact: Investor Relations May 5, 2022 Andrea Koegler-Ihler Q1/2022 Results, Conference Call Phone: +49 (2407) 9030-6153 May 25, 2022 Public Relations Annual General Meeting, Aachen/Germany Phone: +49 (2
Slide 21: AIXTRON SE Contact Address
AIXTRON SE Dornkaulstr. 2 52134 Herzogenrath, Germany Phone +49 (2407) 9030-0 Fax +49 (2407) 9030-40 E-Mai info@aixtron.com