Slide 1: Investor Presentation Q2 2022 Results
Investor Presentation Q2 2022 Results, July 28, 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 – Q2/2022 Highlights
HIGHLIGHTS AIXTRON – Q2/2022 Highlights ✓ Q2/2022: Strong Order Momentum Continuing ▪ Dynamic demand across the board – outstanding order situation ▪ First volume production order for Micro LEDs received ▪ No significant impact from challenging environment ✓ Q2/2022: Strong Quarterly Performance – R
Slide 4: Consolidated Income Statement
FINANCIALS Consolidated Income Statement1 (EUR million) H1/22 H1/21 +/- (%) Q2/22 Q2/21 +/- (%) Revenues 191.1 117.2 63% 102.5 67.7 51% Cost of sales 117.3 72.1 63% 64.6 39.8 62% Gross profit 73.7 45.2 63% 37.8 27.9 36% Gross margin 39% 39% 0 pp 37% 41% (3 pp) Selling expenses 5.1 5.0 1% 2.5 2.9 (13
Slide 5: Consolidated Balance Sheet
FINANCIALS Consolidated Balance Sheet1 (EUR million) 30/06/22 31/12/21 30/06/21 Property, plant & equipment 79.2 74 65.4 Goodwill 73.0 72.3 71.7 Other intangible assets 3.0 2.2 2.5 Others 29.4 25.4 23.4 Non-current assets 184.6 174.0 163.5 Inventories 161.6 120.6 125.5 Trade receivables 58.3 81.0 34
Slide 6: Consolidated Statement of Cash Flows
FINANCIALS Consolidated Statement of Cash Flows1 (EUR million) H1/22 H1/21 Q2/22 Q2/21 Net Result 31.1 11.5 17.3 7.7 Adjust for: Non-Cash Items 3.3 -1.5 0.6 0.1 Changes in Working Capital 1.0 42.6 (9.8) 13.0 Cash Flow from Operating Activities 35.4 52.6 (27.6) 20.8 Capital Expenditures/Disposals (8.
Slide 7: AIXTRON – 2022 Growth Guidance Confirmed
OUTLOOK AIXTRON – 2022 Growth Guidance Confirmed1 2022 Guidance1 confirmed unchanged, based on H1 Results, demand situation and current environment Revenue Guidance FY 2022 EUR million Total Order Intake (EUR million) 520 - 580 70- 120 191 Revenues (EUR million) 450 - 500 ~150 ~40 Gross Margin (%) ~
Slide 8: 24 Months Business Development
FINANCIALS 24 Months Business Development EUR million Order Intake Revenues Order Backlog (incl. equipment & after sales)1 (incl. equipment & after sales)2 (equipment only)1 @ @ @ @ @ @ @ @ @ $1.20 $1.25 $1.20 $1.15 $1.19 $1.10 $1.20 $1.25 $1.20 314 295 268 260 181 224 215 139 153 124 130 131 114 12
Slide 9: Revenue Analysis
OPERATIONS Revenue Analysis1 H1/2022: H1/2022: H1/2022: by equipment & after sales by end application (equipment only) by region 3% 14% 22% 32% 34% 15% 78% 71% 31% LED incl. Micro LED Equipment After Sales Asia Europe Americas Power Electronics Optoelectronics & Communications2 1 Rounded figures; ma
Slide 10: What we do
What we do AIXTRON ̶ a leading global supplier of Deposition Equipment for the Compound Semiconductor Industry 9
Slide 11: Our market position in MOCVD deposition equipment
Our 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: 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 13: 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 12
Slide 14: Annual Total Revenues by Application – 10 Year View
Annual Total Revenues by Application (including After Sales) – 10 Year View EUR million 550 450- 500e 500 450 429 400 350 300 269 269 H2e 260 250 230 183 194 198 196 200 150 100 H1 actual 50 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022e 1 LED incl. Micro LED Power Electronics Optoelectronics
Slide 15: Demand Drivers on Order Intake per Quarter – 10 Year View
Demand Drivers on Order Intake per Quarter (Equipment Only) – 10 Year View EUR million 140 Equipment Demand 130 120 3D Sensing 110 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 2013 2014 20
Slide 16: 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 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 Consolidated Balance Sheet
FINANCIALS Three Year View on Consolidated 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 Trad
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 Team July 28, 2022 Guido Pickert H1/2022 Results, Conference Call Phone: +49 (2407) 9030-444 October 27, 2022 Christian Rottler 9M/2022 Results, Conference Call Phone: +49 (240
Slide 21: AIXTRON SE Dornkaulstr. 2, Herzogenrath, Germany
AIXTRON SE Dornkaulstr. 2 52134 Herzogenrath, Germany Phone +49 (2407) 9030-0 Fax +49 (2407) 9030-40 E-Mai info@aixtron.com