Azenta, Inc. · NASDAQ:AZTA
Azenta — Brooks Automation — Q1 FY2008 Earnings Presentation
9 slides from Azenta's earnings presentation, Feb 12, 2008
Slide 1: Q1 Fiscal 2008 Financial Results Conference Call
Q1 Fiscal 2008 Financial Results Conference Call February 11, 2008 4:30 p.m. ET
Slide 2: The First 100 Days
The First 100 Days Acting with a sense of urgency in translating Potential into Performance Scoring Design-In wins; increasing collaboration with customers regarding new product development Planning efforts focusing on ways to simplify our structure and improve customer responsiveness - quickly! Res
Slide 3: 2007 December Quarter
2007 December Quarter The uncertainty level in our core markets is high Our "Extended Factory Strategy" gives us early exposure to demand shifts Late December delivery push-outs and order release delays impacted our Q1-FY08 results
Slide 4: Condensed Income Statement
Condensed Income Statement Q1 FY2008 Q4 FY2007 Q1 FY2007 Comments Revenues 147,833 166,503 191,368 Revenue declines in difficult market conditions fall through to the bottom line before right sizing exercise is completed. Gross Profit 38,449 39,987 59,682 Margin% 26.0% 24.0% 31.2% Research & Develop
Slide 5: Segment Summary
Segment Summary Q1 FY2008 Q4 FY2007 Q1 FY2007 Revenues (in millions) Automated Systems Group $87,671 $102,951 $121,797 Critical Components Group 32,997 36,118 37,053 Global Customer Support 27,434 27,434 32,518 $147,833 $166,503 $191,368 Gross Profits (in millions) Automated Systems Group $22,080 $2
Slide 6: Cash Flows
Cash Flows Q1 FY08 Comments Net Income from Continuing Operations (1,419) (1,419) Depreciation & Amortization 8,507 8,507 Stock based compensation 2,009 2,009 Other non-cash items (517) (517) Change in assets (14,711) (14,711) Changes in assets during Q1 FY2008 included $1.0 million litigation settl
Slide 7: Share Repurchase Activity
Share Repurchase Activity* November 9 - December 31, 2007 2,258,168 $12.93 $29.2m January 1 - February, 8, 2008 4,237,138 $12.07 $51.2m Total 6,495,306 $12.37 $80.4m * Brooks announced the Board had authorized a $200m stock repurchase plan on November 9, 2007 Shares Purchased Cash Average Price
Slide 8: 2008 March Quarter Guidance
2008 March Quarter Guidance Revenues could be in the range between $135 million and $150 million Earnings could be in the range between a loss of $0.10 per share and Breakeven
Slide 9: Summary Points
Summary Points We are not pleased with our current performance Discernable progress toward improvement is being made The pace of change is good - we are moving with a sense of urgency We are simplifying both our organization and business processes so that we can enhance customer responsiveness and q