Axcelis Technologies, Inc. · NASDAQ:ACLS

Axcelis Technologies — Merger or Acquisition (February 2008)

9 slides from Axcelis Technologies's merger presentation, Feb 25, 2008

  1. Slide 1: Axcelis Technologies Response to Unsolicited Offer from Sumitomo Heavy and TPG

    1 00/00/00 Axcelis Technologies Response to Unsolicited Offer from Sumitomo Heavy and TPG February 25, 2008

  2. Slide 2: Safe Harbor Statement

    2 00/00/00 Safe Harbor Statement These materials contain statements about Axcelis’ strategic and operational plans and potential financial performance. These are forward-looking statements that involve risks and uncertainties. Actual events or results may differ materially from those described in th

  3. Slide 3: Why are we saying "no" to Sumitomo and TPG?

    3 00/00/00 Why are we saying “no” to Sumitomo and TPG? The $5.20/share unsolicited proposal materially discounts the Company’s value: • Ignores the substantial market opportunity to take share back from competitors • Does not compensate shareholders for synergies from combining our JV (SEN) This is

  4. Slide 4: Axcelis – History with Sumitomo Heavy Industries ("SHI")

    4 00/00/00 Axcelis – History with Sumitomo Heavy Industries (“SHI”) Axcelis and SHI are 50-50 partners in a 25 year old joint venture based in Japan: SEN, an SHI and Axcelis Company • Axcelis licenses implant technology for certain products to SEN for manufacture and sale in Japan SHI has repeatedly

  5. Slide 5: Significant Potential Upside in Axcelis New Products Close to Realization

    5 00/00/00 Significant Potential Upside in Axcelis New Products Close to Realization Opportunity to gain significant ion implant market share in the future • Differentiated technology and proven performance, particularly for advanced applications • Customers seeking alternative ion implant provider

  6. Slide 6: Significant Potential Upside in Axcelis Optima HD Line is Gaining Traction with Customers

    6 00/00/00 Significant Potential Upside in Axcelis Optima HD Line is Gaining Traction with Customers Customer 8 Customer 18 Customer 17 Customer 16 Customer 15 Customer 14 Customer 13 Customer 12 Customer 11 Logic Customer 10 Customer 9 Customer 7 Foundry PO* Customer 2 Customer 4 Customer 3 Custome

  7. Slide 7: Potential for Growth in Market Share and Earnings

    7 00/00/00 Potential for Growth in Market Share and Earnings Market shares can shift dramatically based on changes in manufacturing processes, chip technology advances and SCE competitive portfolios Axcelis and Varian have traded the number one spot four times over the last 18 years Axcelis has the

  8. Slide 8: Axcelis – Confident In Our Future

    8 00/00/00 Axcelis – Confident In Our Future Offering innovative implant technology and solutions to meet customers’ present and future requirements Dry strip products, upgrades and services provide business opportunities Significant upside in financial model • Earnings expansion at modest market sh

  9. Slide 9: Axcelis Technologies

    9 00/00/00 Axcelis Technologies

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