Slide 1: AIXTRON Investor Presentation
AIXTRON Investor Presentation IR Presentation – First Quarter 2021 © AIXTRON Investor Relations, April 2021
Slide 2: Forward-Looking Statements
DISCLAIMER 2 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”, “
Slide 3: Our Vision
ABOUT AIXTRON 3 Our Vision Technology. Materials. Performance. Technology. Materials. Performance. We are the recognized We enable our We deliver the technology leader customers to performance driving in complex material successfully shape the economic success deposition. markets of the future, thro
Slide 4: Who we are
ABOUT AIXTRON 4 Who we are Headquarters based near Aachen, Germany Company founded in 1983, >35 years of experience Worldwide presence in 7 countries Technology leader in deposition systems R&D and production facilities in Germany and UK Over 3,500 deposition systems sold worldwide ove
Slide 5: Where we are
ABOUT AIXTRON Where we are -—* Santa Clara USA @ AIXTRON Group @ Representation Cambridge UK 4 ° oe Te ——= e South Korea Herzogenrath e | Germany Pe AIXTRON SE —" Tokyo Headquarters ee Shanghai Japan china x © usinchu Talwan
Slide 6: What We Do
ABOUT AIXTRON 6 What We Do part of lab/tool photographs©Fraunhofer IISB/Kurt Fuchs We provide enabling Deposition Technologies to the Compound Semiconductor and Display Industry For Optoelectronics and Power Electronics For Organic Electronics Applications • Metal-Organic Chemical Vapor Deposition (
Slide 7: Technology Portfolio for Complex Material Deposition
AIXTRON TECHNOLOGIES AND PRODUCTS 7 Technology Portfolio for Complex Material Deposition OLED: OVPD®/PVPD® Nanomaterials NANO: Innovation Pool GaN Power | GaN/GaAs RF LEDs / Optoelectronics Lasers (VCSEL/EEL) Power Management (e.g. Wireless Charging, Fast (e.g. 3D Sensing, Lidar, Charging, Power Sup
Slide 8: Revenue Analysis
OPERATIONS 8 Revenue Analysis* * Rounded figures; may not add up Q1/2021: Q1/2021: Q1/2021: by equipment & after sales by end application by region (equipment only) 1% 14% 7% 23% 56% 30% 29% 63% 77% LED Asia Equipment Power Electronics After Europe Sales Optoelectronics* Americas Others incl. R&D *
Slide 9: 24-Month Business Development
FINANCIALS 9 24 - Month Business Development (€ million) 124.4 Order Intake 92.2 81.4 (incl. Equipment & 68.8 69.6 70.8 After Sales) 44.7 52.2 @ $1.20 @ $1.25 Order Backlog (Equipment only) 223.5 156.6 164.1 150.9 146.3 110.1 108.4 116.7 @ $1.20 @ $1.25 Revenues 75.1 64.1 108.1 63.3 56.0 49.5 (incl.
Slide 10: Consolidated Income Statement
FINANCIALS 10 Consolidated Income Statement* * Rounded figures; may not add up +/- +/- (€ million) Q1/21 Q1/20 Q1/21 Q4/20 % % Revenues 49.5 41.0 21 49.5 108.1 -54 Cost of sales 32.2 26.4 22 32.2 63.1 -49 Gross profit 17.3 14.6 18 17.3 45.0 -62 % 35 36 -1 pp 35 42 -7 pp Selling expenses 2.2 2.7 -18
Slide 11: Balance Sheet
FINANCIALS 11 Balance Sheet* * Rounded figures; may not add up (€ million) 31/03/21 31/12/20 31/03/20 Property, plant & equipment 65.4 63.5 65.9 Goodwill 71.9 71.0 72.2 Other intangible assets 2.4 2.9 2.8 Others** 79.9 74.9 11.9 Non-current assets 219.6 212.2 152.8 Inventories 97.3 79.1 85.2 Trade r
Slide 12: Consolidated Statement of Cash Flows
FINANCIALS 12 Consolidated Statement of Cash Flows* Rounded figures; may not add up (€ million) Q1/21 Q1/20 Q1/21 Q4/20 Net Result 3.8 (0.8) 3.8 24.9 Adjust for Non Cash Items (1.6) (0.1) (1.6) 2.0 Changes in Working Capital 29.6 5.6 29.6 (8.5) Cash Flow from Operating Activities** 31.8 4.7 31.8 18.
Slide 13: AIXTRON – 2021 Guidance: Confirmed/Increased
OUTLOOK 13 AIXTRON – 2021 Guidance*: Confirmed/Increased 2021 Guidance* Q1/2021 Revenues: confirmed/increased based on Q1 EUR 50m Results, current Order situation and current environment: Equipment Order Intake Q2- • Total Order Intake Q4/2021 convertible into around upper end of range 2021 Revenues
Slide 14: AIXTRON – Q1/2021 Highlights
HIGHLIGHTS 14 AIXTRON – Q1/2021 Highlights High order momentum • Q1-Orders largely driven by GaN Power and 5G Wireless Telecom Q1-Revenues in line with expectation - acceleration in the course of 2021 • Q1/2021 Revenues below previous quarter due to many customer requests for shipments to be pul
Slide 15: Market Prospects
FUTURE MARKETS 15 Market Prospects Short-Term • Increasing adoption of compound semiconductor-based lasers for 3D sensor systems in mobile devices as well as sensors for infrastructure applications. • Further increasing demand for lasers for optical data transmission of large volumes, such as for vi
Slide 16: Epitaxial Growth Equipment Market Forecast
MARKETS 16 Epitaxial Growth Equipment Market Forecast* * Excluding MBE Micro LED equipment demand as strongest driver from 2021 (Aggressive Model) Power equipment demand to accelerate from 2021 ($ million) 7,000 Base Aggressive 6,000 CAGR: ~35% 5,000 3,323 4,000 3,000 1,588 CAGR: ~21% 2,000 450
Slide 17: AIXTRON – Enabling Emerging Global Mega Trends
AIXTRON TECHNOLOGIES AND PRODUCTS 17 AIXTRON – Enabling Emerging Global Mega Trends GaAs GaN Optical 3D Sensing Mobile Power Supplies for Automotive Communication Lasers communication Consumer Electronics MOCVD Platform Technology GaAs SiC Electric Solar Vehicles Fine Pitch & Infrared LED MiniLED Di
Slide 18: AIXTRON MOCVD – Planetary Reactor: Tool-of-Record
AIXTRON TECHNOLOGIES AND PRODUCTS 18 AIXTRON MOCVD – Planetary Reactor®: Tool-of-Record Individual Wafer Rotation = Best Material Uniformity Individual wafer temperature adjustment = Wafer Level Control/Optimization Highest Epi / Product Yield = Lowest Production Cost
Slide 19: Devices: GaN/SiC Power Electronics – Superior Performance
AIXTRON TECHNOLOGIES AND PRODUCTS 19 Devices: GaN/SiC Power Electronics – Superior Performance Source: icons from www.flaticon.com Energy Saving Electric Vehicles EV-charging More Efficient Less Heat Light Weight Renewable Energy Data Centers Lower Smaller System Cost Wireless Charging Fast Charging
Slide 20: Overview: GaN/SiC as Wide Band Gap Power Electronics
AIXTRON TECHNOLOGIES AND PRODUCTS 20 Overview: GaN/SiC as Wide Band Gap (WBG) Power Electronics Consumer Electronics & IT Automotive Energy Industrial Power Management Power Switching 30V 600V 1.2 kV ≥2kV • Electronic appliances • Infotainment • General automotive • Power Grid / Smart meter • UPS •
Slide 21: SiC in Automotive: Main Inverter as the Major Market Opportunity
AIXTRON TECHNOLOGIES AND PRODUCTS 21 SiC in Automotive : Main Inverter as the Major Market Opportunity Quick charging pole Higher efficiency = 1 kV DC (30 – 300 kW) Battery size Battery 3 reduction 2 OBC DC-DC 1 Main inverter 240 V Cost savings AC Range extension Component Power (kW) Fraction
Slide 22: Devices: ROY LEDs for RGB Displays; UV LEDs for Niche Markets
AIXTRON TECHNOLOGIES AND PRODUCTS 22 Devices: ROY LEDs for RGB* Displays; UV LEDs for Niche Markets Source: LEDinside, Yole Développement Initial RGB* LED Introduction DISPLAYS Expected ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● Stadium Fine Pitch MiniLED for Micro LED f
Slide 23: Devices: Micro LED – The Perfect Future Display Technology
AIXTRON TECHNOLOGIES AND PRODUCTS 23 Devices: Micro LED – The Perfect Future Display Technology Source: LEDinside RGB* ● ● ● Self-Emissive Micro LED ● ● ● ● ● ● Display 1 Wearables ≈ Low Power 100 Consumption Perfect AR/VR Contrast ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● High Signage ●
Slide 24: Devices: VCSEL/EEL – Internet of Things Creates New Opportunities
AIXTRON TECHNOLOGIES AND PRODUCTS 24 Devices: VCSEL/EEL – Internet of Things Creates New Opportunities Source: icons from www.flaticon.com 3D Sensing Functionality Face Recognition / Lidar Facial Recognition Autonomous Driving Lasers: VCSEL/EEL Processor Tailor-made clothing/shoes Interior Design Se
Slide 25: AIXTRON Investor Presentation
AIXTRON INVESTOR PRESENTATION 25
Slide 26: Demand Drivers on Order Intake per Quarter (Equipment Only)
OPERATIONS 26 Demand Drivers on Order Intake per Quarter (Equipment Only) Strategic 250 (EUR million) China Investments Lasers, ROY 200 LED TV LEDs and Power Overcapacity Electronics Telecom/Datacom Notebook Absorption, 3D Sensing Lasers and Mobile Phone Backlighting Industry 150 (VCSELs) Consolidat
Slide 27: Annual Total Revenues by Application (including After Sales)
FINANCIALS 27 Annual Total Revenues by Application (including After Sales) 800 (EUR million) 700 600 500 400 300 200 100 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 LED Power Electronics Optoelectronics* Others Spares, Services, etc
Slide 28: AIXTRON Competitive Landscape
INDUSTRY 28 AIXTRON Competitive Landscape USA Europe China Korea Japan GaAs/InP Opto Optoelectronics, ROY LED GaN LED TOPEC Power GaN Power SiC Power OLED
Slide 29: Consolidated Income Statement
FINANCIALS 29 Consolidated Income Statement* * Rounded figures; may not add up (€ million) 2020 2019 2018 Revenues 269.2 259.6 268.8 Cost of sales 161.0 150.9 151.2 Gross profit 108.3 108.7 117.6 % 40% 42% 44% Selling expenses 9.7 9.9 9.4 General & admin expenses 18.0 16.5 18.4 R&D 58.4 55.0 52.2 Ne
Slide 30: Balance Sheet
FINANCIALS 30 Balance Sheet* * Rounded figures; may not add up (€ million) 31/12/20 31/12/19 31/12/18 Property, plant & equipment 63.5 64.5 63.1 Goodwill 71.0 72.4 71.6 Other intangible assets 2.9 2.4 2.1 Others** 74.9 11.7 13.3 Non-current assets 212.2 151.0 150.1 Inventories 79.1 79.0 73.5 Trade r
Slide 31: Consolidated Statement of Cash Flows
FINANCIALS 31 Consolidated Statement of Cash Flows* * Rounded figures; may not add up (€ million) 2020 2019 2018 Cash Flow from operating activities -39.2 42.8 11.9 Cash Flow from investing activities -41.5 -6.8 -15.1 Cash Flow from financing activities -0.9 -1.2 10.4 Exchange rate changes -2.0 -0.1
Slide 32: Financial Calendar & Contact Data
32 Financial Calendar & Contact Data • April 29, 2021 Q1/2021 Results, Conference Call • May 19, 2021 Virtual Annual General Meeting • July 29, 2021 H1/2021 Results, Conference Call • November 04, 2021 9M/2021 Results, Conference Call • February 24, 2022 FY 2021 Results, Conference Call For further
Slide 33: AIXTRON – Our technology. Your future.
33 AIXTRON – Our technology. Your future. AIXTRON SE Dornkaulstr. 2 52134 Herzogenrath Germany Phone +49 (2407) 9030-0 Fax +49 (2407) 9030-40 E-Mai info@aixtron.com