Aixtron Se · XETR:AIXA
Aixtron — Q1 2011 Earnings Presentation
13 slides from Aixtron's earnings presentation, Apr 28, 2011
Slide 1: First Quarter 2011 Results
First Quarter 2011 Results April 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 First Quarter 2011 Results operations, financial condition and earnings outlook of AIXTRON within the meaning of the safe harbor provisions of the US Private Securities Litigation Refor
Slide 3: Financial Highlights: Year on Year Comparison
Financial Highlights First Quarter 2011 Results Year on Year Comparison (Q1/2011 vs. Q1/2010) Revenues up 33% to €205.4m (Q1/2010: €154.5m) Gross Margin up 1pp at 51% (Q1/2010: 50%) EBIT up 61% to €74.9m with 36% margin (Q1/2010: €46.4m; 30%) Basic EPS increased 63% to €0.52 (Q1/2010: €0.32) Equipme
Slide 4: Financial Highlights: Sequential Quarter Comparison
Financial Highlights First Quarter 2011 Results Sequential Quarter Comparison (Q1/2011 vs. Q4/2010) Revenues down 9% to €205.4m (Q4/2010: €224.7m) Gross Margin down 1pp at 51% (Q4/2010: 52%) EBIT down 13% to €74.9m with 36% margin (Q4/2010: €86.0m; 38%) Basic EPS decreased 16% to €0.52 (Q4/2010: €0.
Slide 5: Consolidated Income Statement
Consolidated Income Statement* First Quarter 2011 Results (€ million) Q1/11 Q1/10 +/- Q1/11 Q4/10 +/- Revenues 205.4 154.5 33% 205.4 224.7 -9% Cost of sales 101.2 76.6 32% 101.2 107.4 -6% Gross profit 104.2 77.9 34% 104.2 117.3 -11% Gross Margin 51% 50% +1 pp 51% 52% -1 pp Selling expenses 10.6 11.8
Slide 6: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position* First Quarter 2011 Results (€ million) 31/03/11 31/12/10 31/03/10 Property, plant & equipment 82.0 77.9 39.4 Goodwill 58.7 62.2 61.0 Other intangible assets 6.2 7.0 7.5 Others 17.4 20.6 21.1 Non-current assets 164.3 167.7 129.0 Inventories, WIP & Finishe
Slide 7: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows* First Quarter 2011 Results (€ million) Q1/11 Q4/10 Q1/10 Cash Flow from operating activities 18.6 (27.8) 71.9 Cash Flow from investing activities 0.3 (52.7) (35.0) Cash Flow from financing activities 2.1 1.2 1.8 Exchange rate changes (2.4) (1.2) 0.8 Net change i
Slide 8: Quarterly Business Development: Order Intake, Backlog, Revenues
24 - Month Business Development (€ million) First Quarter 2011 Results 200.4 204.0 210.3 163.3 168.5 175.4 117.6 Equipment (only) 57.8 Order Intake * Equipment (only) Order Backlog Total Revenues (incl. equipment, service, spare parts) 27.04.2011 *) revalued on January 1, 2011 to €302.3m at $1.35/€
Slide 9: Revenue Analysis
Revenue Analysis First Quarter 2011 Results Q1/2011: Q1/2011: Q1/2011: by equipment & spares by end application by region (equipment only) LED Equipment Telecom/Datacom Asia Spares Display & Others Europe USA 27.04.2011 P9
Slide 10: Market Prospects
Market Prospects First Quarter 2011 Results Short-Term Continuing capacity expansions for LED backlighting LEDs for further increasing automotive applications Increasing LEDs for exterior, public street & professional lighting Mid-Term Increased LEDs for consumer & residential general lighting Silic
Slide 11: 2011 Guidance Model
2011 Guidance Model 2011 Results 2011 revenue guidance: ca. €800m - €900m 2011 EBIT guidance: ca. 35% EBIT margin (€ million) Outlook Shippable equipment orders Q1/2011 actual total revenue First Quarter required by Q3/2011 458- Assumed Q2-Q4 spares & non-equipment revenues Total backlog as of 31/03
Slide 12: Financial Calendar & Contact Data
Financial Calendar & Contact Data First Quarter 2011 Results May 19, 2011 Annual General Meeting 2011 in Aachen July 28, 2011 H1/2011 Results Conference & Conf. Call October 27, 2011 9M/2011 Results, Conference Call March 2012 FY/2011 Results Conference & Conf. Call For further information please co
Slide 13: First Quarter 2011 Results
P 13 27.04.2011 First Quarter 2011 Results