Aixtron Se · XETR:AIXA
Aixtron — 9M 2010 Earnings Presentation
14 slides from Aixtron's earnings presentation, Oct 28, 2010
Slide 1: Nine Months 2010 Results
Nine Months 2010 Results October 28, 2010 Paul Hyland President & Chief Executive Officer Wolfgang Breme Executive Vice President & Chief Financial Officer
Slide 2: Forward-Looking Statements
Forward-Looking Statements This document may contain forward-looking statements regarding the business, results of Nine Months 2010 Results operations, financial condition and earnings outlook of AIXTRON within the meaning of the safe harbor provisions of the US Private Securities Litigation Reform
Slide 3: Financial Highlights: Year on Year Comparison
Financial Highlights Nine Months 2010 Results Year on Year Comparison (9M/2010 vs. 9M/2009) 9M/2010 Revenues up 202% to €559.1m (9M/2009: €184.9m) 9M/2010 Gross Margin up 10pp at 53% (9M/2009: 43%) 9M/2010 EBIT up 554% to €189.6m with 34% margin (9M/2009: €29.0m with 16% margin) Basic EPS increased
Slide 4: Financial Highlights: Sequential Quarter Comparison
Financial Highlights Nine Months 2010 Results Sequential Quarter Comparison (Q3/2010 vs. Q2/2010) Quarterly Revenues up 11% to €212.7m (Q2/2010: €191.8m) Q3/2010 Gross Margin down 3pp at 52% (Q2/2010: 55%) EBIT up 36% to €82.6m with 39% margin (Q2/2010: €60.6m; 32%) Basic EPS increased 36% to €0.57
Slide 5: Operational Flexibility and Leverage
Operational Flexibility and Leverage Nine Months 2010 Results Continued progress in profitability and margins Increasingly cost-effective organization Solid financial position for continuing operations Flexible Cost Structure Improving Profit Margins Increasing Returns 28% 60% 140 130.9 40% Net Inco
Slide 6: Consolidated Income Statement
Consolidated Income Statement* Nine Months 2010 Results (€ million) 9M/10 9M/09 +/- Q3/10 Q3/09 +/- Revenues 559.1 184.9 202% 212.7 82.0 159% Cost of sales 264.6 105.7 150% 102.1 47.3 116% Gross profit 294.5 79.2 272% 110.6 34.7 219% Gross Margin 53% 43% +10 pp 52% 42% +10 pp Selling expenses 39.9 1
Slide 7: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position* Nine Months 2010 Results (€ million) 30/09/10 31/12/09 30/09/09 Property, plant & equipment 49.6 37.8 32.8 Goodwill 60.8 58.3 57.1 Other intangible assets 7.8 7.8 7.8 Others 19.8 14.8 14.2 Non-current assets 138.0 118.7 111.9 Inventories, WIP & Finished
Slide 8: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows* Nine Months 2010 Results (€ million) 9M/2010 9M/2009 Q3/2010 Q3/2009 Cash Flow from operating activities 175.4 44.5 80.7 30.0 Cash Flow from investing activities -112.6 -31.8 -57.2 -28.7 Cash Flow from financing activities -12.8 -5.6 0.0 0.6 Exchange rate change
Slide 9: Revenue Analysis
Revenue Analysis 9M/2010: Nine Months 2010 Results 9M/2010: 9M/2010: by technology by end application by region (equipment only) 6% 1% 4% 4% 3% 2% 94% 93% 93% LED Equipment Telecom/Datacom Asia Spares Consumer/Optoelectronic Europe Solar USA Display & Others Silicon 27.10.2010 P9
Slide 10: Eight-Quarter Business Development: Orders, Backlog, Revenues
213.8 24 - Month Business Development @ $1.40/€ (€ million) Nine Months 2010 Results @ $1.50/€ Equipment (only) 40.6 31.2 57.9 117.6 163.3 168.5 175.4 200.4 Order Intake 296.7 @ $1.40/€ @ $1.50/€ Equipment (only) Order Backlog 105.0 100.7 109.4 152.4 203.8 * 229.9 250.0 278.7 @ $1.32/€** Total Reven
Slide 11: 2010 Revised Guidance Model
2010 Revised Guidance Model Nine Months 2010 Results 2010 revenue guidance: ca. €750m / $1bn+ 2010 EBIT guidance: ca. 35% EBIT margin (€ million) Shippable equipment orders out of €279m total 9M/2010 actual total revenue backlog as of 30/09/10 180 Assumed Q4 spares 11 & non-equipment revenues 559 27
Slide 12: Key Takeaways
Key Takeaways Tangible Momentum in the LED Lighting Industry Nine Months 2010 Results Supported by positive volume/performance effect of backlighting Encouraged by government and regional initiatives and subsidies Increased development and market introduction of LED Lighting applications Increased n
Slide 13: Financial Calendar & Contact Data
Financial Calendar & Contact Data March 1, 2011 FY2010 Results, Conference in Frankfurt Nine Months 2010 Results April 28, 2011 Q1/2011 Results, Conference Call May 19, 2011 Annual General Meeting 2011 in Aachen July 28, 2011 H1/2011 Results, Conference in Frankfurt For further information please co
Slide 14: Nine Months 2010 Results
P 14 27.10.2010 Nine Months 2010 Results