Aixtron Se · XETR:AIXA
Aixtron — FY2007 Earnings Presentation
17 slides from Aixtron's earnings presentation, Mar 13, 2008
Slide 1: Full Year 2007 Results
(FSE: AIX, ISIN DE0005066203; NASDAQ: AIXG, ISIN: US0096061041) Full Year 2007 Results March 13, 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 operations and earnings outlook of AIXTRON within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995.
Slide 3: Operational Highlights in 12M/2007
Operational Highlights in 12M/2007 ¾ 2007 total Revenues up 25% to €214.8m (2006: €171.7m) Full Year 2007 Results ¾ Gross Margin improvement to 40% for the year (2006: 37%) ¾ 2007 EBIT up to €20.6m, 9.6% Return on Sales (2006: €5.7m / 3.3%) ¾ 2007 Equipment Order Intake up 39% YoY to €247.7m (2006:
Slide 4: Operational Highlights in Q4/2007
Operational Highlights in Q4/2007 ¾ Higher Q4 Revenues of €54.1m (Q3/2007: €51.7m) Full Year 2007 Results ¾ Q4/07 EBIT €4.2m, 7.8% Return on Sales (Q3/2007: €5.0m; 10%) ¾ Q4/07 Equipment Order Intake + 24% QoQ at €86.9m (Q3/07: €70m) ¾ Closing Order Backlog increased 36% to €139.8m (Q3/07: €102.8m)
Slide 5: Market Development in 12M/2007
Market Development in 12M/2007 Compound Semiconductors Silicon Semiconductors Full Year 2007 Results (including Organics) ¾ €145.2m equipment1) ¾ €41.7m equipment1) Revenues revenues (+50% yoy) revenues (-9% yoy) ¾ 68% of total2) revenues ¾ 19% of total2) revenues Equipment1) ¾ €208.6m (+52.5% yoy)
Slide 6: Key Financials 12M/2007
Key Financials 12M/2007 € million 2007 2006 Variance Full Year 2007 Results 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 Net Resul
Slide 7: Key Financials Q4/2007
Key Financials Q4/2007 (€ million, unaudited) Q4/2007 Q3/2007 Q4/2006 Full Year 2007 Results Equipment Order Intake 86,9 70,0 44,5 Equipment Order Backlog (end of period) 132,0 102,8 85,1 Revenues 54,1 51,7 63,1 Gross Profit 22,6 19,9 22,0 Gross Margin 42% 39% 35% EBIT 4,2 5,0 8,1 EBIT Margin 8% 10%
Slide 8: Quarterly Business Development
24 - Month Business Development (€ million) 86,9 70,0 49,5 52,3 50,3 44,5 40,5 Equipment (only) 31,7 Full Year 2007 Results Order Intake 132,0 98,3 102,8 81,2 85,1 80,3 70,0 Equipment (only) 61,8 closing Order Backlog 63,1 63,8 51,7 54,1 Total Revenues 32,0 35,7 40,9 45,2 (incl. equipment, service,
Slide 9: 12M/2007 Revenue Analysis
12M/2007 Revenue Analysis … by Technology … by End Application* … by Region Compound Semi- High LED Revenues Asia remains Full Year 2007 Results conductors remains reflect positive market AIXTRON‘s largest prominent application developments & outlook end customer market 19% 9% 10% 3% 61% 5% 68% 13%
Slide 10: 2008 Guidance Model
2008 Guidance Model 2008 ‘shippable’ Equipment (revised) Order Backlog 132 Full Year 2007 Results ‘shippable’ Assumed 28 2008 spares equipment orders required < Q3,2008 140 & non-equipment (€ million) Revenues (€ million) 2008 guidance: ¾ €270 - 300m Revenues ¾ 10-12% EBIT Margin Slide: 10
Slide 11: 2008 Financial Calendar & Contact Data
2008 Financial Calendar & Contact Data ¾ May 8, 2008 Q1/2008 Results, conference call Full Year 2007 Results ¾ May 14, 2008 Annual General Meeting at Eurogress in Aachen ¾ August 7, 2008 Q2/2008 Results conference in Frankfurt ¾ November 6, 2008 Q3/2008 Results, conference call For further informati
Slide 12: Appendix
Full Year 2007 Results Appendix Target Target Market Market Opportunities Opportunities Detailed Detailed Financial Financial Statements Statements Slide: 12
Slide 13: Target Market Opportunities
Target Market Opportunities Short -Term ¾ LED backlighting for next generation LCD screens ¾ LEDs for increasing automotive applications Full Year 2007 Results ¾ Emerging LED external/street lighting applications Mid-Term ¾ Emerging Solid State Lighting device applications ¾ Silicon carbide (SiC) hy
Slide 14: Group Income Statement (IFRS)
Group Income Statement (IFRS) (€ million)* 12M/2007 12M/2006 Variance Full Year 2007 Results Revenues 214,8 171,7 25% Cost of sales 129,8 108,2 20% Gross profit 85,0 63,4 34% Gross Margin 40% 37% +3pp SG&A 43,2 40,6 6% R&D 26,5 23,9 11% Other operating income (expense) 5,3 6,8 -22% EBIT 20,6 5,7 261
Slide 15: Group Cash Flow Statement (IFRS)
Group Cash Flow Statement (IFRS) (€ million)* 12M/2007 12M/2006 Full Year 2007 Results 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 ch
Slide 16: Group Balance Sheet (IFRS)
Group Balance Sheet (IFRS) (€ million)* Dec.31, 2007 Dec.31, 2006 Sep.30, 2007 Full Year 2007 Results Property, plant & equipment 35,1 36,4 33,5 Goodwill 59,0 65,1 61,0 Other intangible assets 12,5 15,1 12,5 Others 10,9 11,4 10,5 Non-current assets 117,5 128,0 117,5 Inventories 60,0 53,1 52,9 Trade
Slide 17: Full Year 2007 Results
Full Year 2007 Results Slide: 17