Coherent Corp. · NYSE:COHR
Coherent — Investor Presentation (August 2015)
12 slides from Coherent's investor presentation, August 2015
Slide 1: The Leader in Photonics
The Leader in Photonics August 2015 Superior Reliability & Performance
Slide 2: Forward-Looking Statements & Non-GAAP Measurement
Forward-Looking Statements & Non-GAAP Measurement Forward-Looking Statements The statements in this presentation that relate to guidance, projections, future plans, business opportunities, estimates, events or performance are forward-looking statements that involve risks and uncertainties, including
Slide 3: The Photonics Company
The Photonics Company • Provider of Photonics Solutions - Primarily Lasers for Commercial and Scientific Research Applications Revenue Mix TTM • Founded in 1966 Materials 15%Processing • TTM Sales $798.2 Million OEM Components & Instrumentation 21% 49% • TTM Orders $742.4 Million 15% Microelectronic
Slide 4: Diversified Markets and Applications
Diversified Markets and Applications Technology Portfolio OEM Components & Scientific Research & Microelectronics Materials Processing Instrumentation Government Programs FPD, API, Semi Marking, Engraving, Diagnostic & Ultrafast Primary Cutting and Welding Therapeutic Medical, Application Focus Defe
Slide 5: Acquisition of Tinsley Optics
Acquisition of Tinsley Optics • Tinsley Optics was a division of L-3 Communications specializing in large format optics for excimer laser annealing (ELA), defense and aerospace applications • Coherent acquired the Tinsley assets in a cash transaction on July 27, 2015 • The acquisition provides suppl
Slide 6: Acquisition of Raydiance Inc.
Acquisition of Raydiance Inc. • Raydiance was a venture backed start-up specializing in short pulse processing for the automotive fuel injector and medical device manufacturing • Coherent acquired the Raydiance assets in a cash transaction on July 24, 2015 • The acquisition expands Coherent’s know-h
Slide 7: HighLight FL High Power Fiber Laser Platform
HighLight FL High Power Fiber Laser Platform • Target Applications • Cutting, welding, brazing and additive manufacturing • Key Attributes • Power 1kw to 4kW, scalable to higher power • Modular architecture with high flexibility for OEM modules or complete systems • High-quality, high-throughput met
Slide 8: 5 Micron Laser
5 Micron Laser • Key Attributes • Industry’s first commercial high power 5 micron laser • Unique wavelength enables more efficient processing of certain materials • Ability to achieve up to 50% smaller spot size than CO2 • Leverages Coherent’s industry leading CO2 platform and with similar Cost-of-o
Slide 9: Monaco – Industrial Femtosecond Laser
Monaco – Industrial Femtosecond Laser • Key Attributes • Ideal for highest edge / surface quality in insulators, metals and semiconductors • Pulse width tunable (400 – 10,000 fs) to match optimum material removal rates • Up to 1MHz rep rate / 40W power for highest throughput / lowest costs per part
Slide 10: Pro Forma Income Statement Metrics
Performa Income Statement Metrics Bookings Revenue $1,000 895 891 $ Millions except 803 773769 767810 795 $800 earnings per share 696 594599 605 $600 419436 $400 221204 163201 177189 $200 $- FY08 FY09 FY10 FY11 FY12 FY13 FY14 Q1'15 Q2'15 Q3'15 Pro Forma EBITDA% 25% 19.5% 18.4% 18.7% 18.4% 20% 17.0%
Slide 11: Balance Sheet
Balance Sheet $ Millions July 4, 2015 Sept 27, 2014 Cash, equivalents & investments $ 336.8 $ 318.3 Accounts receivable 144.7 137.3 Inventories 157.8 170.5 Other current assets 71.7 55.0 PP&E, net 99.0 107.4 Long term assets 187.1 210.9 Total Assets $ 997.1 $ 999.4 Current liabilities $ 129.8 $ 117.
Slide 12: Reconciliation to GAAP and Non-GAAP Financials
Reconciliation to GAAP and Non-GAAP Financials Quarter to Date Q3 15 Q2 15 Q1 15 GAAP net income $13,264 $18,413 $17,430 GAAP net income per diluted share $ 0.53 $ 0.74 $ 0.69 Stock based compensation 3,293 3,479 3,960 Intangibles amortization 1,432 1,540 1,607 Customs audit 1,289 0 0 Impairment of