Slide 1: AIXTRON Investor Presentation
AIXTRON Investor Presentation IR Presentation – H1/2019 (FSE: AIXA, ISIN DE000A0WMPJ6) © AIXTRON Investor Relations, July 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: Our Vision: Technology. Materials. Performance.
ABOUT AIXTRON 3 Our Vision Technology. Materials. Performance. Technology. Materials. Performance. We are the recognized We enable our We deliver the technology leader customers to performance driving in complex material successfully shape the economic success deposition. markets of the future, thro
Slide 4: Who we are
ABOUT AIXTRON 4 Who we are Headquarters based near Aachen, Germany Company founded in 1983, >35 years of experience Worldwide presence in 7 countries Technology leader in deposition systems R&D and production facilities in Germany and UK Around 3,500 deposition systems sold worldwide ~
Slide 5: Global Presence
ABOUT AIXTRON 5 Global Presence
Slide 6: Technology Portfolio for Complex Material Deposition
AIXTRON TECHNOLOGIES AND PRODUCTS 6 Technology Portfolio for Complex Material Deposition OLED: OVPD®/PVPD® Carbon – PECVD NANO: Innovation Pool LEDs / Optoelectronics Lasers (VCSEL/EEL) GaN Power | GaN RF Power Management (e.g. 3D Sensing; Consumer (e.g. Wireless Charging, Fast Electronics; Optical
Slide 7: Revenue Analysis
OPERATIONS 7 Revenue Analysis* * Rounded figures; may not add up H1/2019: H1/2019: H1/2019: by equipment & spares by end application by region (equipment only) 4% 12% 19% 45% 12% 40% 81% 76% 11% LED Asia Equipment Power Electronics Spares Europe Optoelectronics* Americas Others * Optoelectronics inc
Slide 8: 24-Month Business Development
FINANCIALS 8 24 - Month Business Development (€ million) Order Intake (incl. equipment, 69,6 78,6 75,6 76,0 72,2 65,7 service, spare parts) 53,6 44,7 @ $1.10 @ $1.20 @ $1.20 Order Backlog (equipment only) 108,6 114,9 138,3 151,9 138,3 125,7 110,1 99,2 @ $1.10 @ $1.20 @ $1.20 Revenues 87,9 (incl. equ
Slide 9: Consolidated Income Statement
FINANCIALS 9 Consolidated Income Statement* * Rounded figures; may not add up +/- +/- (€ million) H1/19 H1/18 Q2/19 Q1/19 % % Revenues 132.0 117.6 12 63.3 68.7 -8 Cost of sales 79.4 66.9 19 37.4 42.0 -11 Gross profit 52.6 50.6 4 25.9 26.7 -3 % 40 43 -3pp 41 39 2pp Selling expenses 4.7 4.6 2 2.4 2.3
Slide 10: Balance Sheet
FINANCIALS 10 Balance Sheet* * Rounded figures; may not add up (€ million) 30/06/19 31/03/19 31/12/18 Property, plant & equipment 64.6 66.3 63.1 Goodwill 71.7 72.2 71.6 Other intangible assets 2.3 2.4 2.1 Others 12.4 13.5 13.3 Non-current assets 151.0 154.4 150.1 Inventories 81.8 80.2 73.5 Trade rec
Slide 11: Consolidated Statement of Cash Flows
FINANCIALS 11 Consolidated Statement of Cash Flows* * Rounded figures; may not add up (€ million) H1/19 H1/18 Q2/19 Q1/19 Net Result 15.8 16.0 7.3 8.5 Adjust for Non Cash Items 6.2 -0.1 3.8 2.4 Changes in Working Capital -20.3 -24.5 2.5 -22.8 Cash Flow from Operating Activities 1.7 -8.5 13.6 -11.9 C
Slide 12: AIXTRON – 2019 Guidance: Reconfirmed
OUTLOOK 12 AIXTRON – 2019 Guidance*: Reconfirmed 2019 Guidance* reconfirmed with 2019 Guidance* Margins now at the upper end of the range, taking H1-Results and the current order situation into account: • Total Order Intake between EUR 220 ~ 260 million 2019 Shippable Order Backlog: • Revenues betwe
Slide 13: Market Prospects
FUTURE MARKETS 13 Market Prospects Short- to Mid-Term • Increasing adoption of compound semiconductor-based lasers for 3D sensor systems in mobile devices as well as sensors for infrastructure applications. • Further increasing demand for lasers for ultra-fast optical data transmission of large volu
Slide 14: AIXTRON Investor Presentation
AIXTRON INVESTOR PRESENTATION 14
Slide 15: AIXTRON MOCVD – Planetary Reactor: Tool-of-Record
AIXTRON TECHNOLOGIES AND PRODUCTS 15 AIXTRON MOCVD – Planetary Reactor®: Tool-of-Record Individual Wafer Rotation = Best Material Uniformity Individual wafer temperature adjustment = Wafer Level Control/Optimization Highest Epi / Product Yield = Lowest Production Cost
Slide 16: AIXTRON – Enabling Emerging Global Mega Trends
AIXTRON TECHNOLOGIES AND PRODUCTS 16 AIXTRON – Enabling Emerging Global Mega Trends GaAs GaN Optical 3D Sensing Mobile Power Supplies for Automotive Communication Lasers communication Consumer Electronics MOCVD Platform Technology GaAs SiC Electric Solar Vehicles Fine Pitch & Infrared LED MiniLED Di
Slide 17: Devices: VCSEL/EEL – Internet of Things Creates New Opportunities
AIXTRON TECHNOLOGIES AND PRODUCTS 17 Devices: VCSEL/EEL – Internet of Things Creates New Opportunities Source: icons from www.flaticon.com 3D Sensing Functionality Facial Recognition Autonomous Driving Lasers: VCSEL/EEL Processor Tailor-made clothing/shoes Interior Design Sensor/Receiver …… Mapping
Slide 18: Devices: GaN/SiC Power Electronics – Superior Performance
AIXTRON TECHNOLOGIES AND PRODUCTS 18 Devices: GaN/SiC Power Electronics – Superior Performance Source: icons from www.flaticon.com Energy Saving Electric Vehicles EV-charging More Efficient Less Heat Light Weight Renewable Energy Data Centers Lower Smaller System Cost Wireless Charging Fast Charging
Slide 19: Devices: ROY LEDs for RGB Displays; UV LEDs for Niche Markets
AIXTRON TECHNOLOGIES AND PRODUCTS 19 Devices: ROY LEDs for RGB* Displays; UV LEDs for Niche Markets Source: LEDinside, Yole Développement Initial RGB* LED Introduction DISPLAYS Expected ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● Stadium Fine Pitch MiniLED for MicroLED fo
Slide 20: Devices: MiniLED & MicroLED – Future Display Technology
AIXTRON TECHNOLOGIES AND PRODUCTS 20 Devices: MiniLED & MicroLED – The Perfect Future Display Technology Source: LEDinside RGB* ● ● ● Self-Emissive MicroLED ● ● ● ● ● ● Display 1 Wearables ≈ Low Power 100 Consumption Perfect AR/VR Contrast ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● High S
Slide 21: AIXTRON – Instrumental in Evolving Display Technologies
AIXTRON TECHNOLOGIES AND PRODUCTS 21 AIXTRON – Instrumental in Evolving Display Technologies Specialty LED OLED Display Plasma LED Backlit Display MicroLED Display LCD CRT // 1950’s → 2000’s → 2006 → 2010 → Under Development →
Slide 22: APEVA: Complete OLED Deposition System Provider
AIXTRON TECHNOLOGIES AND PRODUCTS 22 APEVA: Complete OLED Deposition System Provider OVPD Deposition OVPD Deposition Line* Automation & Handling • Fully Automated OLED Deposition Lines and Fab Integration as a Complete System Provider • Innovative Deposition Technology with • Higher Efficiency of OL
Slide 23: Organic Electronics – OVPD – APEVA
AIXTRON TECHNOLOGIES AND PRODUCTS 23 Organic Electronics – OVPD® – APEVA Source: DisplaySearch, AIXTRON OLED manufacturing process Cleaning Cleaning Glass cutting ITO deposition Organic material deposition Bonding Coating Etching Cathode deposition Aging Stripping Encapsulation Final test (Thin film
Slide 24: Carbon Nanomaterials – PECVD
AIXTRON TECHNOLOGIES AND PRODUCTS 24 NANO: Innovation Pool Carbon Nanomaterials – PECVD Graphene and Carbon Nanotube Deposition Systems • Proprietary thermal and plasma enhanced chemical vapor deposition technology • Excellent uniformity and reproducibility with fast turnaround cycle times • BM plat
Slide 25: AIXTRON Investor Presentation
AIXTRON INVESTOR PRESENTATION 25
Slide 26: Overview: GaN/SiC as Wide Band Gap Power Electronics
AIXTRON TECHNOLOGIES AND PRODUCTS 26 Overview: GaN/SiC as Wide Band Gap (WBG) Power Electronics Consumer Electronics & IT Automotive Energy Industrial Power Management Power Switching 30V 600V 1.2 kV ≥2kV • Electronic appliances • Infotainment • General automotive • Power Grid / Smart meter • UPS •
Slide 27: SiC in Automotive: Main Inverter as the Major Market Opportunity
AIXTRON TECHNOLOGIES AND PRODUCTS 27 SiC in Automotive : Main Inverter as the Major Market Opportunity Quick charging pole Higher efficiency = 1 kV DC (30 – 300 kW) Battery size Battery 3 reduction 2 OBC DC-DC 1 Main inverter 240 V Cost savings AC Range extension Component Power (kW) Fraction
Slide 28: Equipment Order Intake per Quarter
OPERATIONS 28 Equipment Order Intake per Quarter 250 driven by strategic China investments (EUR million) 200 Lasers, ROY driven by driven by LED TV LEDs and Power notebook Overcapacity Electronics driven by backlighting Absorption, driving demand 150 telecom/datacom Industry and mobile phone Consoli
Slide 29: Annual Total Revenues by Application (including spares)
OPERATIONS 29 Annual Total Revenues by Application (including spares) 800 (EUR million) 700 600 500 400 300 200 100 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 LED Power Electronics Optoelectronics* Others Spares, Services, etc. Silicon** * O
Slide 30: AIXTRON Competitive Landscape
INDUSTRY 30 AIXTRON Competitive Landscape USA Europe China Korea Japan GaAs/InP Opto Optoelectronics, ROY LED GaN LED TOPEC Power GaN Power SiC Power OLED
Slide 31: Consolidated Income Statement
FINANCIALS 31 Consolidated Income Statement* * Rounded figures; may not add up (€ million) 2018 2017 2016 Revenues 268.8 230.4 196.5 Cost of sales 151.2 156.4 140.2 Gross profit 117.6 74.0 56.3 % 44% 32% 29% Selling expenses 9.4 10.2 13.8 General & admin expenses 18.4 17.1 17.1 R&D 52.2 68.8 53.9 Ne
Slide 32: Balance Sheet
FINANCIALS 32 Balance Sheet* * Rounded figures; may not add up (€ million) 31/12/18 31/12/17 31/12/16 Property, plant & equipment 63.1 64.3 74.2 Goodwill 71.6 71.2 74.6 Other intangible assets 2.1 1.8 5.4 Others 13.3 4.0 2.4 Non-current assets 150.1 141.3 156.5 Inventories 73.5 43.0 54.2 Trade recei
Slide 33: Consolidated Statement of Cash Flows
FINANCIALS 33 Consolidated Statement of Cash Flows* * Rounded figures; may not add up (€ million) 2018 2017 2016 Cash Flow from operating activities 13.0 70.1 -37.7 Cash Flow from investing activities -16.1 40.7 43.4 Cash Flow from financing activities 10.4 1.2 0.3 Exchange rate changes 2.4 -5.5 -2.
Slide 34: Financial Calendar & Contact Data
34 Financial Calendar & Contact Data • October 24, 2019 9M/2019 Results, Conference Call • February 2020 FY/2019 Results, Conference Call • April 2020 Q1/2019 Results, Conference Call • May 2020 Annual General Meeting, Aachen, Germany For further information please contact: Investor Relations & Corp
Slide 35: Technology. Materials. Performance.
Technology. Materials. Performance. AIXTRON SE Dornkaulstr. 2 52134 Herzogenrath Germany Phone +49 (2407) 9030-0 Fax +49 (2407) 9030-40 E-Mail invest@aixtron.com