Slide 1: Q3-18 Earnings Summary
Q3-18 EARNINGS SUMMARY October 2018 1
Slide 2: Safe Harbor
SAFE HARBOR The information presented today contains forward-looking statements that relate to anticipated future operating results and performance. These statements are only predictions based on management’s current expectations and assumptions, including with respect to market size, Total Availabl
Slide 3: Third Quarter Financial Highlights
THIRD QUARTER FINANCIAL HIGHLIGHTS • Revenues - record at $32.3 million • Up 35% year-over-year • GAAP gross margin - 50.2% • Non-GAAP gross margin - 50.4% • GAAP operating income - $5.6 million (17.2%) • Non-GAAP operating income - $6.2 million (19.2%) • GAAP net income of $5.1 million or $0.14 per
Slide 4: GAAP Financial Results ($K)
GAAP FINANCIAL RESULTS ($K) Q3 18 Q2 18 Q3 17 Revenues 32,264 30,462 23,813 Gross profit 16,183 14,899 11,750 Operating expenses 10,629 10,181 8,903 Operating income 5,554 4,718 2,847 Net income 5,093 4,331 2,774 Net diluted earnings per share 0.14 0.12 0.08 Copyright of Camtek Ltd© 2017. All rights
Slide 5: Non-GAAP Financial Results ($K)
NON-GAAP FINANCIAL RESULTS ($K) Q3 18 Q2 18 Q3 17 Revenues 32,264 30,462 23,813 Gross profit 16,245 14,927 11,759 Operating expenses 10,057 9,959 8,820 Operating income 6,188 4,968 2,939 Net income 5,727 4,580 2,866 Net diluted earnings per share 0.16 0.13 0.13 Copyright of Camtek Ltd© 2017. All rig
Slide 6: Quarterly Revenues
QUARTERLY REVENUES Revenue ($M) 35.0 32.3 30.5 30.0 27.3 25.8 25.0 23.8 20.0 15.0 10.0 5.0 0.0 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Revenue ($M) Copyright of Camtek Ltd© 2017. All rights reserved 6
Slide 7: Gross Profit
GROSS PROFIT Gross Profit & Margins 51.0% 18 50.5% 16 50.4% 14 50.0% 12 49.5% 49.4% 10 49.0% 49.0% 8 48.5% 48.5% 6 48.0% 4 47.8% 47.5% 2 47.0% 0 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Gross Profit ($M) Gross Margin Copyright of Camtek Ltd© 2017. All rights reserved 7
Slide 8: Operating Profit
OPERATING PROFIT Operating Income & Margins 20.0% 7 19.0% 19.2% 6 18.0% 17.0% 5 16.3% 16.0% 4 15.4% 15.0% 14.8% 3 14.0% 13.0% 2 12.3% 12.0% 1 11.0% 10.0% 0 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Operating income ($M) Operating Margin Copyright of Camtek Ltd© 2017. All rights reserved 8
Slide 9: Balance Sheet and Cash Flow ($K)
BALANCE SHEET AND CASH FLOW ($K) Q3 18 Q2 18 Q3 17 Cash and investments 48,328 41,204 21,686 Inventory 27,588 25,159 23,281 A/R 30,746 32,278 26,374 Total Assets 129,547 121,082 120,737 Total Liabilities 34,746 32,596 35,550 Cash Flow from Operations 7,131 (748) (6,211) Copyright of Camtek Ltd© 2017
Slide 10: Thank You!
THANK YOU!
Slide 11: Appendix
APPENDIX 11
Slide 12: Reconciliation of GAAP to Non-GAAP
RECONCILIATION OF GAAP TO NON-GAAP Reconciliation of GAAP to Non-GAAP Gross Profit Three months ended September 30, 2018 June 30, 2018 September 30, 2018 Gross profit (GAAP) 16,183 14,899 11,750 Stock-based compensation 62 28 9 Gross profit (Non-GAAP) 16,245 14,927 11,759 Reconciliation of GAAP to N