Gsi Co.,ltd. · SAPSE:5579
Gsi Co.,ltd — CJS Securities Summer Conference 2012
18 slides from Gsi Co.,ltd's conference presentation, Aug 13, 2012
Slide 1: CJS Securities Summer Conference
August 14, 2012 Exhibit 99.1 CJS Securities Summer Conference CJS Securities Summer Conference August 14, 2012
Slide 2: Factors affecting future performance and non-GAAP measures
2 Factors affecting future performance… The statements in this presentation that relate to guidance, future plans, business opportunities, events or performance are forward-looking statements that involve risks and uncertainties, including risks associated with business and economic conditions, cust
Slide 3: We are a leading supplier of precision motion and laser technology
We are a leading supplier… …of precision motion and laser technology 3 Leading provider of precision laser, optical and motion control technology Founded in 1968, headquartered in Bedford, MA - major presence in North America, Europe, and Asia-Pacific $304M in revenue and $56M in Adjusted EBITDA in
Slide 4: Our aspirations are clear and achievable
Our aspirations… …are clear and achievable Focus growth efforts on building out key platforms (organic and M&A) Improve mix (growth, volatility) – more Medical, less Semiconductor Simplify footprint and infrastructure A leading provider of precision photonic and motion technologies for OEM’s in dema
Slide 5: Medical revenue now makes up 19%, with Microelectronics down to 21%
Medical revenue now makes up 19%… …with Microelectronics down to 21% Laser Products Precision Motion 5 * Continuing Operations, Last Twelve Months, ending Q2 2012 Industrial Scientific Medical Microelectronics Laser Products End-Market Revenue* End-Market Revenue* Precision Motion Industrial Scienti
Slide 6: We have a strong laser offering focused on industrial and scientific markets
We have a strong laser offering… …focused on industrial and scientific markets Industrial Scientific Medical 50W to 2kW Rugby, UK Metal cutting, welding, drilling High Speed/Power Santa Clara, CA Scientific Research Specialty Industrial 6 Electronics * Continuing Operations, Last Twelve Months, endi
Slide 7: We have strong franchises in the Precision Motion space
We have strong franchises… …in the Precision Motion space Galvanometers Scan Heads Lexington, MA Material Processing Marking Ophthalmology PCB Drilling Optical Encoders Bedford, MA Robotic Surgery DNA Sequencing Wire Bonding Disk Drives Air Bearing Spindles Poole, UK Suzhou, China PCB Drilling Semic
Slide 8: We are investing for growth in several attractive platforms
We are investing for growth… …in several attractive platforms Beam delivery for lasers – market growth ~8% Leverage our #1 position in Galvanometers to enter Scan Head market (modules) Double addressable market up to ~$200M Q2 growth of 15% - numerous new design wins ~$25M revenue opportunity by 201
Slide 9: Delivering profitable revenue growth despite volatility
Delivering profitable revenue growth… …despite the volatility in our markets & the economy $304M $286M 9 $56M $56M $65M $70M $10M $12M $68M $73M $10M $13M - - $304M $286M Revenue: Revenue: $56M $56M Adjusted EBITDA: Adjusted EBITDA: $65M $70M $10M $12M $68M $73M $10M $13M - - 2010 A 2011 A 1Q12 A 2Q
Slide 10: Demonstrated history of strong cash generation
Demonstrated history of strong cash generation… …demonstrate high quality of businesses $108M $68M $53M * See Non-GAAP Net Debt & Leverage Ratio Reconciliation ** Free Cash Flow includes the cash flows of Continuing and Discontinued Operations 10 2010A 2011A 2Q2012 $108M $68M $53M Gross Debt: Gross
Slide 11: We are establishing a continuous improvement culture
We are establishing a continuous improvement culture… …through formalized productivity programs / initiatives Current Up to $5 million in annualized cost savings, with a goal of eliminating up to 12 facilities, including facilities that will be exited as a consequence to the expected sale of our Sys
Slide 12: We have clear focus for success in 2012
We have clear focus… …for success in 2012 Complete 12 X 12 plan 2H 2012 Restructuring Plan Complete sale of Systems business lines Build momentum on Growth Platforms Build pipeline of bolt-on acquisitions Build core competencies (continuous improvement) 12 Key Priorities for 2H of 2012 Key Prioritie
Slide 13: Appendix
Appendix 13 Appendix
Slide 14: Safe Harbor and Forward Looking Information
Safe Harbor and Forward Looking Information 14 Certain statements in this presentation are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on current expectations and assumptions that are subject to risks and uncertainties. All st
Slide 15: Use of Non-GAAP Financial Measures
In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), we use certain non-GAAP financial measures, including adjusted EBITDA, free cash flow, and net debt. Non-GAAP adjustments to adjusted EBITDA include: depreciation and amortization, shar
Slide 16: Non-GAAP Adjusted EBITDA Reconciliation
16 Six Months ended Twelve Months Ended June 29, 2012 December 31, 2011 December 31, 2010 (in thousands of dollars) Income from operations (GAAP) $ 7,918 $ 35,848 $ 36,027 Depreciation and amortization 6,930 14,467 14,687 Share-based compensation 2,323 3,276 1,871 Restructuring, restatement and othe
Slide 17: Non-GAAP Net Debt & Leverage Ratios Reconciliation
Non-GAAP Net Debt & Leverage Ratios Reconciliation Six Months Ended Twelve Months Ended June 29, 2012 December 31, 2011 December 31, 2010 (in thousands of dollars, except ratio information) Debt ($53,000) ($68,000) ($107,575) Less: cash and cash equivalents 55,758 54,835 56,781 Net Debt (Non-GAAP) (
Slide 18: Non-GAAP Free Cash Flow Reconciliation
Non-GAAP Free Cash Flow Reconciliation* 18 Six Months Ended Twelve Months Ended June 29, 2012 December 31, 2011 December 31, 2010 (in thousands of dollars) Cash provided by (used in) operating activities $18,851 $45,173 ($4,738) Less: Capital expenditures 2,625 4,217 2,659 Free Cash Flow (Non-GAAP)