Aixtron Se · XETR:AIXA
Aixtron — Shareholder Meeting (May 2008)
38 slides from Aixtron's shareholder meeting presentation, May 14, 2008
Slide 1: 11th Annual Shareholder Meeting
11th Annual Shareholder Meeting May 14, 2008 Eurogress Aachen
Slide 2: Topic 1: Presentation of annual financial statements
11th Annual Shareholder Meeting Topic 1 Presentation of the adopted annual financial statements of AIXTRON AG as of December 31, 2007 and the management report for fiscal year 2007, the approved consolidated financial statements as of December 31, 2007 and the Group management report for fiscal year
Slide 3: Forward-Looking Statements
Forward-Looking Statements Shareholder Meeting 2008 This presentation may contain forward-looking statements about the business, financial condition, results of operations and earnings outlook of AIXTRON within the meaning of the “safe harbor” provisions of the United States Private Securities Litig
Slide 4: The Year 2007 – The Highlights
The Year 2007 – The Highlights Shareholder Meeting 2008 Emerging LED applications drive 39% Order Intake growth Increased market share [c.70%] driven by new products Rising Order Intake & Backlog throughout 2007 Increased Manufacturing capacity drives 25% yoy Revenue growth EBIT performance improves
Slide 5: Table of Contents
Table of Contents Shareholder Meeting 2008 AIXTRON – The Company Operating Performance 2007 Financial Performance 2007 Share Price and Outlook Slide: 5
Slide 6: AIXTRON Global Presence
AIXTRON Global Presence AIXTRON – The Company Cambridge, UK Lund, Sweden Seoul, S. Korea Tokyo, Japan Sunnyvale, USA Aachen, Germany Headquarters Hsinchu, Taiwan Shanghai, China Representation Slide: 6
Slide 7: Gas Phase Deposition
Gas Phase Deposition Material Engineering on an Atomic Scale AIXTRON – The Company Slide: 7
Slide 8: One Technology – Multiple Solutions
One Technology – Multiple Solutions AIXTRON – The Company Gas Phase Deposition Business Nano Scale Material Engineering Compound Semiconductors Silicon Semiconductors Technology MOCVD, OVPD® AVD®, ALD, CVD • LEDs/OLEDs for displays • LEDs/OLEDs for lighting • Metal and oxide films for • Optoelectron
Slide 9: Value Chain Positioning
Value Chain Positioning AIXTRON – The Company Production Chip & Electronic End Equipment Component Device User Manufacturers Manufacturers Manufacturers Markets Display Lighting Consumer Electronics Automotive Medical Industrial Slide: 9
Slide 10: Table of Contents
Table of Contents Shareholder Meeting 2008 AIXTRON – The Company Operating Performance 2007 Financial Performance 2007 Share Price and Outlook Slide: 10
Slide 11: Quarterly Business Development 2007
Quarterly Business Development 2007 ** (€ million) Operating Performance 2007 ** 86,9 70,0 Equipment (only) 40,5 50,3 Order Intake 132,0 102,8 Equipment (only) 70,0 80,3 Order Backlog 70,0 80,3 102,8 132,0 ** 63,8 51,7 54,1 Total Revenues 45,2 (incl. equipment, service, spare parts) Q1/2007 Q2/2007
Slide 12: Business Development 2007
Business Development 2007 Operating Performance 2007 Compound Semiconductors Silicon Semiconductors (including Organics) €145.2m equipment1) €41.7m equipment1) Revenues revenues (+50% yoy) revenues (-9% yoy) 68% of total2) revenues 19% of total2) revenues Equipment1) €208.6m (+52.5% yoy) €39.1m (-5%
Slide 13: 2007 Revenue Analysis
2007 Revenue Analysis Operating Performance 2007 By Technology By End Application By Region 3% 13% 10% 22% 9% 19% 9% 68% 61% 5% 81% LED Compound Display & Others Asia Silicon Consumer/Optoelectronic Europe Spares Telecom/Datacom USA Silicon Slide: 13
Slide 14: Compound 'Common Platform' Systems
Compound ‘Common Platform’ Systems Operating Performance 2007 Planetary Reactor® Rapid adoption by customer base G4, 42x2” Globally acknowledged industry standard Production capacity increased in 2007 c. 70% of 2007 Compound Orders c. 50% of 2007 Compound Revenues Integrated Concept (IC) System Clos
Slide 15: High Brightness LED Market Forecast
High Brightness LED Market Forecast Operating Performance 2007 2007 2011 Total: $4.7bn Total: $9.4bn 14% 17% 19% 6% 10% 40% 14% 1% 43% 12% 1% 23% Applications: Signs/Displays Automotive Mobile Appliances Illumination Signals Electronic Equipment/Other Source: Strategies Unlimited 2007 Slide: 15
Slide 16: Global MOCVD Market Shares
Global MOCVD Market Shares Operating Performance 2007 2005 2006 2007 Total: $156m Total: $202m Total: $289m 2% 10% 4% 6% 14% 13% 17% 20% 18% 64% 62% 70% AIXTRON Veeco Nippon Sanso Others Source: VLSI RESEARCH Inc. 2008 Slide: 16
Slide 17: Silicon Semiconductor Systems
Silicon Semiconductor Systems Operating Performance 2007 Consumer Electronics driving the NAND flash Tricent® ALD and DRAM industry Reactor 1 x 300mm Comprehensive AIXTRON-portfolio: CVD, ALD, AVD® Fab ramp-up with established CVD customers ALD/AVD®: film qualifications for new materials in transist
Slide 18: Global CVD Market Shares for WSix
Global CVD Market Shares for WSixx Operating Performance 2007 2006 2007 Total: $109m Total: $84m 3% 2% 15% Elpida-PSC 12% Hynix 48% Micron 24% Samsung 62% 34% Qimonda ProMos AIXTRON Applied Materials Tokyo Electron Others based on VLSI RESEARCH Inc. 2008 Slide: 18
Slide 19: New Technologies – Plastic Logic Deposition Tool
New Technologies – New Opportunities Operating Performance 2007 Development of New Tool for Plastic Logic – Plastic Electronics Deposition with AIXTRON Gen 3.5 tool Slide: 19
Slide 20: New Technologies – Acquisition of Nanoinstruments
New Technologies – New Opportunities Acquisition of Nanoinstruments, Ltd. – Carbon Nanotubes Operating Performance 2007 Unique Properties Application Examples Very high thermal conductivity Electronics Very low resistivity Heat Sinks Very high mechanical stability Field Emission Display Graphene she
Slide 21: Table of Contents
Table of Contents Shareholder Meeting 2008 AIXTRON – The Company Operating Performance 2007 Financial Performance 2007 Share Price and Outlook Slide: 21
Slide 22: Financial Highlights 2007
Financial Highlights 2007 Financial Performance 2007 2007 Total Revenues up 25% to €214.8m (2006: €171.7m) Gross Margin improvement to 40% for the year (2006: 37%) 2007 EBIT up to €20.6m, 9.6% Return on Sales (2006: €5.7m / 3.3%) 2007 Equipment Order Intake up 39% YoY to €247.7m (2006: €178m) Order
Slide 23: Key Group Financials 2007
Key Group Financials 2007 Financial Performance 2007 (€ million) 2007 2006 Variance Equipment Order Intake 247,7 178,0 39% Equipment Order Backlog (end of period) 132,0 85,1 55% Revenues 214,8 171,7 25% Gross Profit 85,0 63,4 34% Gross Margin 40% 37% +3pp EBIT 20,6 5,7 261% EBIT Margin 10% 3% +7pp N
Slide 24: Euro/US-Dollar Exchange Rate 2007
Euro/US-Dollar Exchange Rate 2007 Financial Performance 2007 EUR/USD 0.80 0.78 0.76 0.74 U USS--D UDSoo-llllaar Dor vlvss. la.rEEf U 0.72 aUlR lRsO Ob::y- -111222% %% 0.70 0.68 Average Average Average Rate Rate 2007: Rate 2007: 2007: USD USD 1.37 1.37 per 0.73 EUR/USD or Euro per Euro 1.37 USD/EUR 0
Slide 25: Group Income Statement 2007 (IFRS)
Group Income Statement 2007 (IFRS) Financial Performance 2007 (€ million) 2007 2006 Variance Revenues 214,8 171,7 25% Cost of sales 129,8 108,3 20% Gross profit 85,0 63,4 34% Gross Margin 40% 37% +3pp Selling Expenses 27,2 23,4 16% General & Admin. expenses 16,0 17,3 -8% R&D 26,5 23,9 11% Other oper
Slide 26: Group Cash Flow Statement (IFRS)
Group Cash Flow Statement (IFRS) Financial Performance 2007 (€ million) 2007 2006 Cash Flow from operating activities 32,9 20,8 of which: net income (loss) after taxes 17,3 5,9 Cash Flow from investing activities (10,5) (5,1) Cash Flow from financing activities 2,9 (0,3) [incl. exchange rate changes
Slide 27: Group Balance Sheet 2007 (IFRS)
Group Balance Sheet 2007 (IFRS) Financial Performance 2007 (€ million) Dec 31, 2007 Dec 31, 2006 Property, plant & equipment 35,1 36,4 Goodwill 59,0 65,1 Other intangible assets 12,5 15,1 Others 10,9 11,4 Non-current assets 117,5 128,0 Inventories 60,0 53,1 Trade receivables 33,5 27,7 Others 13,9 7,
Slide 28: AIXTRON AG Key Financials (HGB)
AIXTRON AG Key Financials (HGB) Financial Performance 2007 (€ million) 2007 2006 Variance Revenues 130.9 109.8 19% Net result 10.9 2.8 289% Retained earnings 1.4 0.0 - Transfer (to)/from retained earnings 0.0 (1.4) - Accumulated net result 12.3 1.4 - 2007 dividend payment proposal 6.3 0.0 - 2007 div
Slide 29: First Quarter Key Financials
First Quarter Key Financials Year-on-year Year-on-year comparison comparison Financial Performance 2007 (€ million, unaudited) Q1/2008 Q1/2007 Variance 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
Slide 30: Changing to Registered Shares
Changing to Registered Shares Better Transparency & Communication Shareholder Meeting 2008 Allow better & direct communication with shareholders We get to know our shareholders better Less Cost Registered Shares save money due to direct invitation to AGM Registered Shares simplify Internet Voting Sa
Slide 31: Own Shares Purchase Resolution
Own Shares Purchase Resolution What is covered by this resolution? Shareholder Meeting 2008 Purchase up to 10% of the current share capital Procedure of Purchase Shares may be purchased on the stock market at +/-10% of average closing price Shares may be purchased by way of public offer at +/- 20% o
Slide 32: Table of Contents
Table of Contents Shareholder Meeting 2008 AIXTRON – The Company Operating Performance 2007 Financial Performance 2007 Share Price and Outlook Slide: 32
Slide 33: AIXTRON Share Price Development 2007
AIXTRON Share Price Development 2007 10.00 Share Price and Outlook AIXTRON 9.00 TecDax indexed 85% +1 8.00 07: 20 7.00 6.00 5.00 4.00 3.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Slide: 33
Slide 34: Share Price Development 2008
Q 1 Share Price and Outlook Slide: 34 /20 U 6.50 7.00 7.50 8.00 8.50 9.00 9.50 10.00 10.50 11.00 0811.50 p d 1-Jan a te 8-Jan 15-Jan AIXTRON 22-Jan AIXTRON 29-Jan 5-Feb TecDax indexed 12-Feb 19-Feb 26-Feb 4-Mar 11-Mar 18-Mar 25-Mar 1-Apr 8-Apr 15-Apr 22-Apr Share Price Development 2008 29-Apr 6-May
Slide 35: Business Development
24 - Month te Business Development d a U p 008 1/2 70,0 86,9 85,5 Q Equipment (only) 49,5 52,3 50,3 Share Price and Outlook 44,5 40,5 Order Intake 157,3 132,0 102,8 Equipment (only) 81,2 98,3 85,1 80,3 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 Reven
Slide 36: 2008 Guidance Model
te 2008 Guidance Model d a U p (€ (€ million) million) 008 1/2 Q Share Price and Outlook Q1/2008 actual total Equipment orders revenue required for 2008 revenue 50-80 63 Assumed Q2-Q4 21 2008 spares/non- system revenue 136 2008 Guidance: 2008 equipment revenue from €270 - 300m Revenues order backlog
Slide 37: New Technologies – New Opportunities
New Technologies – New Opportunities Short -Term Share Price and Outlook 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) hy
Slide 38: Shareholder Meeting 2008
Shareholder Meeting 2008 Slide: 38 File: