Aixtron Se · XETR:AIXA
Aixtron — Q1 2008 Earnings Presentation
17 slides from Aixtron's earnings presentation, May 8, 2008
Slide 1: First Quarter 2008 Results
(FSE: AIX, ISIN DE0005066203; NASDAQ: AIXG, ISIN: US0096061041) First Quarter 2008 Results May May 8, 8, 2008 2008 Paul Hyland President & Chief Executive Officer Wolfgang Breme Executive Vice President & Chief Financial Officer
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation may contain forward-looking statements about the business, financial condition, results of First Quarter 2008 Results operations and earnings outlook of AIXTRON within the meaning of the “safe harbor” provisions of the United States Private Securities Lit
Slide 3: First Quarter Operational Highlights
First Quarter Operational Highlights Year-on-Year Comparison (Q1/2008 vs. Q1/2007) First Quarter 2008 Results Revenues marginally down 2% to €62.6m (Q1/2007: €63.8m) Gross Margin improved to 39% (Q1/2007: 38%) EBIT up 6% to €8.7m, 14% Return on Sales (Q1/2007: €8.2m; 13%) Equipment Order Intake up 1
Slide 4: Business Development Q1/2008
Business Development Q1/2008 Compound First Quarter 2008 Results Semiconductors Silicon Semiconductors (including Organics) €47.8m equipment1) €8.3m equipment1) Revenues revenues (+10% yoy) revenues (-40% yoy) 76% of total2) revenues 13% of total2) revenues Equipment1) €77.3m (+161% yoy) €8.2m (-25%
Slide 5: Key Financials
Key Financials Year-on-year Year-on-year comparison comparison (€ million, unaudited) Q1/2008 Q1/2007 Variance First Quarter 2008 Results Equipment Order Intake 85,5 40,5 111% Equipment Order Backlog (end of period) 157,3 70,0 125% Revenues 62,6 63,8 -2% Gross Profit 24,5 24,2 1% Gross Margin 39% 38
Slide 6: Quarterly Business Development
24 - Month Business Development (€ million) 86,9 85,5 70,0 First Quarter 2008 Results Equipment (only) 49,5 52,3 44,5 40,5 50,3 Order Intake 157,3 132,0 98,3 102,8 81,2 85,1 80,3 Equipment (only) 70,0 Order Backlog 81,2 98,3 85,1 70,0 80,3 102,8 132,0 157,3 63,1 63,8 62,6 51,7 54,1 Total Revenues 40
Slide 7: Q1/2008 Revenue Analysis
Q1/2008 Revenue Analysis … by Technology … by End Application* … by Region First Quarter 2008 Results Compound Semi- High LED Revenues Asia remains conductors remains reflect positive market AIXTRON‘s largest dominant application developments & outlook end customer market 7% 13% 78% 10% 76% 83% 11%
Slide 8: 2008 Guidance Model
2008 Guidance Model (€ (€ million) million) First Quarter 2008 Results Q1/2008 actual total Equipment orders required revenue for 2008 revenue 50-80 63 Assumed Q2-Q4 2008 21 spares/non-system revenue 136 2008 equipment revenue from order backlog (out of €157m) 2008 Guidance: €270 - 300m Revenues 10-
Slide 9: 2008 Financial Calendar & Contact Data
2008 Financial Calendar & Contact Data First Quarter 2008 Results May 14, 2008 Annual General Meeting at Eurogress in Aachen August 7, 2008 Q2/2008 Results conference in Frankfurt November 6, 2008 Q3/2008 Results, conference call For further information please contact: Investor Relations & Corporate
Slide 10: Appendix
First Quarter 2008 Results Appendix Target Target Market Market Opportunities Opportunities Detailed Detailed Financial Financial Statements Statements Slide: 10
Slide 11: Target Market Opportunities
Target Market Opportunities Short -Term First Quarter 2008 Results LED backlighting for next generation LCD screens LEDs for increasing automotive applications Emerging LED external/street lighting applications Mid-Term Emerging Solid State Lighting device applications Silicon carbide (SiC) hybrid a
Slide 12: Operational Highlights
Operational Highlights Quarterly Comparison (Q1/2008 vs. Q4/2007) First Quarter 2008 Results Quarterly Revenues up 16% to €62.6m (Q4/2007: €54.1m) EBIT up 102% to €8.7m, 14% Return on Sales (Q4/2007: €4.3m; 8%) Stable Equipment Order Intake of €85.5m (Q4/2007: €86.9m) Order Backlog increased 19% to
Slide 13: Key Financials
Key Financials Quarter-on-quarter Quarter-on-quarter comparison comparison (€ million, unaudited) Q1/2008 Q4/2007 Variance First Quarter 2008 Results Equipment Order Intake 85,5 86,9 -2% Equipment Order Backlog (end of period) 157,3 132,0 19% Revenues 62,6 54,1 16% Gross Profit 24,5 22,6 8% Gross Ma
Slide 14: Group Income Statement (IFRS)
Group Income Statement (IFRS) (€ million)* Q1/2008 Q1/2007 Variance First Quarter 2008 Results Revenues 62,6 63,8 -2% Cost of sales 38,1 39,7 -4% Gross profit 24,5 24,1 2% Gross Margin 39% 38% +1pp Selling Expenses 8,0 6,9 16% General Admin. Expenses 4,5 4,3 5% R&D 6,8 7,1 4% Other operating income
Slide 15: Group Cash Flow Statement (IFRS)
Group Cash Flow Statement (IFRS) (€ million)* Q1/2008 Q1/2007 First Quarter 2008 Results Cash Flow from operating activities 16,4 (5,6) of which: net income/(loss) after taxes 5,9 7,6 Cash Flow from investing activities 18,1 2,3 Cash Flow from financing activities 1,6 0,3 [incl. exchange rate change
Slide 16: Group Balance Sheet (IFRS)
Group Balance Sheet (IFRS) (€ million)* Mar.31, 2008 Dec.31, 2007 First Quarter 2008 Results Property, plant & equipment 36,5 35,1 Goodwill 55,0 59,0 Other intangible assets 11,3 12,5 Others 8,7 10,9 Non-current assets 111,5 117,5 Inventories 67,8 60,0 Trade receivables 32,5 33,5 Others 32,8 13,9 Ca
Slide 17: First Quarter 2008 Results
First Quarter 2008 Results Slide: 17