Slide 1: Investor Presentation: First Quarter 2022 Results
Investor Presentation First Quarter 2022 Results, May 5, 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 – Q1/2022 Highlights
HIGHLIGHTS AIXTRON – Q1/2022 Highlights ✓ Q1/2022 Business Development compared to Q1/2021 ▪ Revenues up by 79% to EUR 88.6m ▪ Gross Profit doubled to EUR 35.9m at 41% Gross Margin ▪ EBIT increased substantially to EUR 14.2m at 16% EBIT Margin ▪ Net Profit more than tripled to EUR 13.8m ✓ Q1/2022: G
Slide 4: Consolidated Income Statement
FINANCIALS Consolidated Income Statement1 (EUR million) Q1/22 Q1/21 +/- (%) Q1/22 Q4/21 +/- (%) Revenues 88.6 49.5 79 88.6 180.9 -51 Cost of sales 52.7 32.2 63 52.7 100.9 -48 Gross profit 35.9 17.3 108 35.9 80.0 -55 Gross margin 41% 35% 6 pp 41% 44% -3 pp Selling expenses 2.6 2.2 19 2.6 2.8 -7 Gener
Slide 5: Consolidated Balance Sheet
FINANCIALS Consolidated Balance Sheet1 (EUR million) 31/03/22 31/12/21 31/03/21 Property, plant & equipment 77.3 74.0 65.4 Goodwill 72.5 72.3 71.9 Other intangible assets 2.4 2.2 2.4 Others 26.9 25.4 79.9 Non-current assets 179.1 174.0 219.6 Inventories 143.5 120.6 97.3 Trade receivables 49.9 81.0 4
Slide 6: Consolidated Statement of Cash Flows
FINANCIALS Consolidated Statement of Cash Flows1 (EUR million) Q1/22 Q1/21 Q1/22 Q4/21 Net Result 13.8 3.8 13.8 51.9 Adjust for: Non-Cash Items 2.7 (1.6) 2.7 4.1 Changes in Working Capital2 10.8 29.6 10.8 (30.1) Cash Flow from Operating Activities2 27.2 31.8 27.2 25.9 Capital Expenditures/Disposals
Slide 7: AIXTRON – 2022 Growth Guidance Confirmed
OUTLOOK AIXTRON – 2022 Growth Guidance Confirmed1 2022 Guidance1 confirmed unchanged, based on Q1 Results, demand situation and current environment Revenue Guidance FY 2022 EUR million Total Order Intake (EUR million) 520 - 580 88 100- 150 Revenues (EUR million) ~62 450 - 500 ~200 Gross Margin (%) ~
Slide 8: 24 Months Business Development
FINANCIALS 24 Months Business Development EUR million Order Intake Revenues Order Backlog (incl. equipment & after sales) (incl. equipment & after sales) (equipment only) @ @ @ @ @ @ @ @ @ $1.20 $1.25 $1.20 $1.15 $1.19 $1.13 $1.20 $1.25 $1.20 295 268 260 224 215 181 157 164 151 139 130 131 124 114 1
Slide 9: Revenue Analysis
OPERATIONS Revenue Analysis1 Q1/2022: Q1/2022: Q1/2022: by equipment & after sales by end application (equipment only) by region 23% 11% 25% 2% 42% 22% 33% 67% 75% LED incl. equipment after sales Other incl. R&D Asia Americas Micro LED Europe Power Optoelectronics and 1 Rounded figures; may not add
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 #1 MOCVD Market Position
Our #1 MOCVD Market Position 2018 2019 20201 2% 3% 16% 24% 28% USD 553m 46% USD 488m 48% USD 438m 26% 58% 27% 21% AIXTRON Veeco AMEC Others 1: 2021 data not yet available Source: Gartner April 2021 10
Slide 12: Our Technology Portfolio for the Deposition of Complex Materials
Our Technology Portfolio for the Deposition of Complex Materials Lasers (VCSEL/EEL) GaN Power & RF LEDs / Optoelectronics (e.g., Optical Datacom, 3D Sensing; (e.g., Wireless Charging, Fast Charging, IT Power Supply, 5G) Power Electronics LiDAR) MOCVD Core Technology Micro LEDs and Specialty LEDs SiC
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 Q2-Q4e 260 250 230 183 194 198 196 200 150 100 50 Q1 actual 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022e 1 LED incl. Micro LED Power Electronics Optoelectroni
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 130 Equipment Demand 120 110 3D Sensing 100 Lasers (VCSELs) 90 80 70 60 50 40 30 20 10 0 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 Q3 Q4 Q1 2013 2014 2015 2
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 May 25, 2022 Andrea Koegler-Ihler Annual General Meeting, Aachen/Germany Phone: +49 (2407) 9030-6153 July 28, 2022 Public Relations H1/2022 Results, Conference Call Phone: +49
Slide 21: AIXTRON SE contact details
AIXTRON SE Dornkaulstr. 2 52134 Herzogenrath, Germany Phone +49 (2407) 9030-0 Fax +49 (2407) 9030-40 E-Mai info@aixtron.com