Novanta Inc. · NASDAQ:NOVT
Novanta — GSI Lumonics — Investor Presentation (January 2004)
24 slides from Novanta's investor presentation, Jan 6, 2004
Slide 1: Investor Overview January 2004
Investor Overview January, 2004 Revision # 050104
Slide 2: Safe Harbor
Safe Harbor Certain statements in this presentation may constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 (the Reform Act), Section 27A of the United States Securities Act of 1933 and Section 21E of the United States Securi
Slide 3: Business segments and key strengths
Business segments: Components Lasers Laser Systems Proprietary enabling technologies Strong balance sheet Growth Strategy
Slide 4: Business Segments % of Revenue Q3 2003
Business Segments % of Revenue Q3 2003* *Exceeds 100%, as this includes sales between segments, which is 3% of total sales Q3. Precision Components 40% Lasers 19% Laser Systems 44%
Slide 5: Global Sales Reach % of Revenue Q3 2003
Global Sales Reach % of Revenue Q3 2003
Slide 6: Industry-Leading Customers
Industry-Leading Customers
Slide 7: GSLI Growth Strategy
GSLI Growth Strategy New products & applications Acquisitions of enabling technology OEM model for components & laser
Slide 8: Westwind Rotary Motion
Westwind Rotary Motion Cash purchase - $37million Accretive in Q1'04 Estimated $31 million (2003) Strong backlog Pre-eminent supplier PCB Drilling Spindles PCB driving strong growth
Slide 9: Westwind applications
Westwind Non-Laser applications Ion implantation (semi) Wafer dicing/grinding (semi) Disk servo-writing (data storage) Car body painting (automotive) Optics manufacturing Laser based applications Medical Imaging (CAT, MRI film printing) Prepress (printing industry) Inspection (Wafer, PCB, industrial
Slide 10: Precision Components
Precision Components Scanners Encoders Optics Imaging Rotary Motion Light Automotive & Industrial l l l Electronics & Components l l l l Medical Devices l l l Aerospace l l l Scientific & Research l l l
Slide 11: Precision Components Growth drivers
Precision Components Growth drivers Acquisitions New products Applications
Slide 12: Precision Components Sales
Precision Components Sales (US$ Millions)* * These sales include sales between segments.
Slide 13: Lasers
Lasers Laser Type YAG DPSS CO2 YLF Excimer Light Automotive & Industrial l l l l Electronics & Components l l l l l Medical Devices l l l l Aerospace l l Scientific & Research l l l
Slide 14: Lasers Growth drivers
Lasers Growth drivers New products/applications Marketing in Asia-Pacific Acquisitions
Slide 15: Lasers Sales
Lasers Sales (US$ Millions)* * These sales include sales between segments.
Slide 16: Systems
Systems Memory Repair Wafer Trimming Wafer Marking Circuit Trimming PCB Inspection Semiconductor l l l l Electronics l l
Slide 17: Market Drivers
Market Drivers Notebook PC's Mobile phones PDA's Digital cameras Wireless tools & equipment Flat panel displays
Slide 18: Systems Growth drivers
Growth drivers Market recovery Semiconductor - memory r - mixed signal r - 300mm wafers Electronics - PCB production New products PCB trim Memory Wafer mark - 300mm CSP mark Systems
Slide 19: Systems Sales
Systems Sales (US$ Millions)
Slide 20: GSLI - Revenue & Earnings Trends
GSLI - Revenue & Earnings Trends Revenues (US$ Millions) Earnings (US$ Millions)
Slide 21: GSLI - Bookings & Backlog
GSLI - Bookings & Backlog (US$ Millions) Bookings Backlog
Slide 22: GSLI - Selected Balance Sheet
GSLI - Selected Balance Sheet (estimated) Cash & Investments ? $105 US million* Total Assets ? $298 US million** NBV ? $253 US million** * estimate end Q4 2003 **actual end Q3 2003
Slide 23: Targeted Business Model
Targeted Business Model Q3 2003 Target Revenues Gross margin Engineering SG & A expenses Amortization of purchased intangibles Restructuring and other Operating profit 100 % 100 % 37.1 % 44% 7.3 % 10 % 24.6% 18 % 3.1% 1 % 0.6 % 1.5 % 15 %
Slide 24: GSLI - In Review
GSLI - In Review Position: Business recovery Market relationships Strong balance sheet - no debt Growth: Acquisitions New Products OEM business model