Slide 1: Q2 '08 Financial Data
Q2 ’08 Financial Data July 28, 2008
Slide 2: Second Quarter 2008 Highlights
©2008 Veeco Instruments Inc 042808 Investor Slides 2 ©2008 Veeco Instruments Inc 072808 Investor Slides Second Quarter 2008 Highlights Revenue was $114.4 million, up 16% compared to $98.8 million last year, and ahead of guidance of $102-$110 million; Bookings were $136.5 million, up 21% compared to
Slide 3: Q2 2008 Financials
©2008 Veeco Instruments Inc 042808 Investor Slides 3 ©2008 Veeco Instruments Inc 072808 Investor Slides Q2 2008 Financials ($M except EPS) *See reconciliation to GAAP at end of presentation Q1 ’08 $109.3 $102.3 42% $0.1 $5.3 $0.09 Q2 ’07 $112.5 $98.7 43% ($1.0) $2.8 $0.05 Q2 ’08 $136.5 $114.4 42% $6
Slide 4: Second Quarter 2008 Segment Results
©2008 Veeco Instruments Inc 042808 Investor Slides 4 ©2008 Veeco Instruments Inc 072808 Investor Slides $33 $52 $52 $36 $45 $33 Second Quarter 2008 Segment Results LED & Solar Process Equipment Data Storage Process Equipment LED & Solar Process Equipment Data Storage Process Equipment (39%) (32%) (2
Slide 5: First Six Month 2008 Segment Results
©2008 Veeco Instruments Inc 042808 Investor Slides 5 ©2008 Veeco Instruments Inc 072808 Investor Slides $63 $91 $92 $61 $87 $69 First Six Month 2008 Segment Results LED & Solar Process Equipment Data Storage Process Equipment Metrology LED & Solar Process Equipment Data Storage Process Equipment Met
Slide 6: Q2 2008 Segment Performance
©2008 Veeco Instruments Inc 042808 Investor Slides 6 ©2008 Veeco Instruments Inc 072808 Investor Slides Q2 2008 Segment Performance $136.5 $32.7 $51.7 $52.1 Q2 08 $112.5 $34.8 $41.3 $36.4 Q2 07 +21% -6% +25% +43% . (4.1) 8.7 (1.2) 5.2 8.7 Q2 08 (3.0) 2.8 +16% $98.8 $114.4 Unallocated Corporate Veeco
Slide 7: Q3 '08 Guidance
©2008 Veeco Instruments Inc 042808 Investor Slides 7 ©2008 Veeco Instruments Inc 072808 Investor Slides Q3 ’08 Guidance Q3 ‘08 Revenues $113-$118 million Q3 ‘08 Earnings ($0.12) – ($0.03) per share GAAP Non-GAAP EPS $0.10 - $0.15 [using 35% tax rate and excluding $3.7M charge related to mutually agr
Slide 8: Gross Margin Improvement Model
©2008 Veeco Instruments Inc 042808 Investor Slides 8 ©2008 Veeco Instruments Inc 072808 Investor Slides Gross Margin Improvement Model 5-7% 11 - 14% 5-7% 7.6% 2.7% 3.8% EBITA (%) 35-36% 32 - 34% 35-36% 34.1% 37.6% 34.1% Operating Expenses 42% 45% 42% 41.7% 40.3% 37.9% TOTAL 45-46% 50% 45% 43.8% 44.1
Slide 9: Veeco Balance Sheet
©2008 Veeco Instruments Inc 042808 Investor Slides 9 ©2008 Veeco Instruments Inc 072808 Investor Slides Veeco Balance Sheet December 31, 2007 June 30, 2008 $273.7 $281.7 Shareholder’s Equity 146.6 146.4 Long-Term Debt (including current portion) 529.3 542.8 Total Assets 66.1 66.5 Fixed Assets 174.5
Slide 10: Safe Harbor Statement
©2008 Veeco Instruments Inc 042808 Investor Slides 10 ©2008 Veeco Instruments Inc 072808 Investor Slides Safe Harbor Statement To the extent that this presentation discusses expectations or otherwise make statements about the future, such statements are forward-looking and are subject to a number of
Slide 11: Back-Up and Reconciliation Slides
©2008 Veeco Instruments Inc 042808 Investor Slides 11 ©2008 Veeco Instruments Inc 072808 Investor Slides Back-Up and Reconciliation Slides
Slide 12: Q2 and 1H '08 Reconciliation Table
©2008 Veeco Instruments Inc 042808 Investor Slides 12 ©2008 Veeco Instruments Inc 072808 Investor Slides Q2 and 1H ’08 Reconciliation Table NOTE - The above reconciliation is intended to present Veeco's operating results, excluding certain items and providing income taxes at a 35% statutory rate. Th
Slide 13: Q2 and Six Month Segment Data
©2008 Veeco Instruments Inc 042808 Investor Slides 13 ©2008 Veeco Instruments Inc 072808 Investor Slides Q2 and Six Month Segment Data June 30, 2008 June 30, 2007 June 30, 2008 June 30, 2007 LED & Solar Process Equipment Bookings 52.1 $ 36.4 $ 90.8 $ 72.8 $ Revenues 45.1 28.0 87.2 50.4 Operating inc
Slide 14: Q3 Guidance Reconciliation Table
©2008 Veeco Instruments Inc 042808 Investor Slides 14 ©2008 Veeco Instruments Inc 072808 Investor Slides Q3 Guidance Reconciliation Table NOTE - The above reconciliation is intended to present Veeco's operating results, excluding certain items and providing income taxes at a 35% statutory rate. This
Slide 15: 2007 Quarterly Segment Data
©2008 Veeco Instruments Inc 042808 Investor Slides 15 ©2008 Veeco Instruments Inc 072808 Investor Slides 2007 Quarterly Segment Data March 31, June 30, September 30, December 31, 2007 2007 2007 2007 LED & Solar Process Equipment Bookings 36.4 $ 36.4 $ 48.7 $ 42.5 $ Revenues 22.4 28.0 31.8 33.7 Opera