Aixtron Se · XETR:AIXA
Aixtron — H1 2011 Earnings Presentation
14 slides from Aixtron's earnings presentation, Jul 28, 2011
Slide 1: First Half 2011 Results
First Half 2011 Results July 28, 2011 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 operations, financial condition and earnings outlook of AIXTRON within the meaning of the safe First Half 2011 Results harbor provisions of the US Private Securities Litigation Reform A
Slide 3: Key Developments
Key Developments Market Developments New government initiatives to support LED lighting adoption First Half 2011 Results Continued proliferation of LED lighting products Slower consumer market demand for LED TVs Operational Performance Continuing strong order intake levels 2011 guidance unchanged de
Slide 4: CRIUS II-L CCS Reactor
CRIUS® II-L CCS Reactor First Half 2011 Results 69x2“ Running in AIXTRON Lab since Q1/11 1st System on the way to customer Seamless process transition 16x4“ Industry’s most productive Reactor Technology 27.07.2011 P4
Slide 5: Financial Highlights: Year on Year Comparison
Financial Highlights Year on Year Comparison (H1/2011 vs. H1/2010) First Half 2011 Results Revenues up 10% to €381.0m (H1/2010: €346.3m) Gross Margin down 5pp to 48% (H1/2010: 53%) EBIT up 21% to €129.2m with 34% margin (H1/2010: €106.9m; 31%) Basic EPS increased 22% to €0.90 (H1/2010: €0.74) Equipm
Slide 6: Financial Highlights: Sequential Quarter Comparison
Financial Highlights Sequential Quarter Comparison (Q2/2011 vs. Q1/2011) First Half 2011 Results Revenues down 15% to €175.6m (Q1/2011: €205.4m) Gross Margin down 7pp at 44% (Q1/2011: 51%) EBIT down 28% to €54.3m with 31% margin (Q1/2011: €74.9m; 36%) Basic EPS decreased 27% to €0.38 (Q1/2011: €0.52
Slide 7: Consolidated Income Statement
Consolidated Income Statement* First Half 2011 Results (€ million) H1/11 H1/10 +/- Q2/11 Q2/10 +/- Revenues 381.0 346.3 10% 175.6 191.8 -8% Cost of sales 200.0 162.5 23% 98.8 85.9 15% Gross profit 181.0 183.9 -2% 76.9 106.0 -27% Gross Margin 48% 53% -5 pp 44% 55% -11 pp Selling expenses 17.8 25.2 -2
Slide 8: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position* First Half 2011 Results (€ million) 30.06.11 31.12.10 30.06.10 Property, plant & equipment 83.9 77.9 48.6 Goodwill 57.5 62.2 67.0 Other intangible assets 5.7 7.0 7.4 Others 20.4 20.6 30.1 Non-current assets 167.5 167.7 153.1 Inventories, WIP & Finished G
Slide 9: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows* First Half 2011 Results (€ million) H1/2011 H1/2010 Q2/2011 Q2/2010 Cash Flow from operating activities 32,1 94,8 13,5 22,9 Cash Flow from investing activities 49,6 -55,4 49,3 -20,4 Cash Flow from financing activities -57,6 -12,8 -59,7 -14,6 Exchange rate change
Slide 10: Business Development: Order Intake, Backlog and Revenues
24 - Month Business Development (€ million) 200.4 204.0 210.3 222.2 First Half 2011 Results 163.3 168.5 175.4 Equipment (only) 117.6 @ $1.35 Order Intake 373.5 321.1 Equipment (only) 250.0 278.7 274.8 203.8 229.9 Order Backlog 152.4 @ $1.35 Total Revenues 191.8 212.7 224.7 205.4 154.5 175.6 (incl. e
Slide 11: Revenue Analysis
Revenue Analysis H1/2011: H1/2011: H1/2011: First Half 2011 Results by equipment & spares by end application by region (equipment only) 8% 6% 8% 4% 3% 92% 89% 90% LED Equipment Telecom/Datacom Asia Spares Display & Others Europe Silicon USA 27.07.2011 P 11
Slide 12: 2011 Guidance Model
2011 Guidance Model 2011 revenue guidance: ca. €800m - €900m First Half 2011 Results 2011 EBIT guidance: ca. 35% EBIT margin (€ million) Shippable equipment orders required by Q3/2011 65- 165 Assumed H2 spares 30 & non-equipment revenues 381 H1/2011 actual total revenue 458- 324 Shippable equipment
Slide 13: Financial Calendar & Contact Data
Financial Calendar & Contact Data First Half 2011 Results October 2011 9M/2011 Results, Conference Call March 2012 FY/2011 Results Conference & Conf. Call April 2012 Q1/2012 Results, Conference Call May 2012 Annual General Meeting, Aachen July 2012 H1/2012 Results Conference & Conf. Call For further
Slide 14: First Half 2011 Results
P 14 27.07.2011 First Half 2011 Results