Coherent Corp. · NYSE:COHR
Coherent — Sidoti conference March 2011
12 slides from Coherent's conference presentation, March 2011
Slide 1: The Leader in Photonics
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Slide 2: Forward-Looking Statements & Non-GAAP Measurement
Forward-Looking Statements & Non-GAAP Measurement Forward-Looking Statements The statements in this presentation that relate to guidance, future plans, business opportunities, events or performance are forward- looking statements that involve risks and uncertainties, including risks associated with
Slide 3: The Photonics Company
The Photonics Company Provider of Photonics Solutions Primarily Lasers for Commercial and Scientific Research Applications Revenue Mix TTM as of 1/1/11 Materials • Founded in 1966 OEM Components & Instrumentation Processing 13% 24% • TTM Sales $665.4 Million 41% Microelectronics 22% • TTM Orders $77
Slide 4: Diversified Markets and Applications
Diversified Markets and Applications Technology Portfolio OEM Components & Scientific Research & Microelectronics Materials Processing Instrumentation Government Programs Marking, Engraving Diagnostic & Primary Semi, API, FPD, Solar Ultrafast Cutting and Welding Therapeutic Medical, Application Focu
Slide 5: Technology Transition from LCD to OLED
Technology Transition from LCD to OLED Glass substrate with p-Si TFT matrix Color filter with RGB and BM Light guide plate Key Laser Applications Polarizer Back cover Multi-layer PCB • Annealing Light diffuser Touchscreen Glass substrates • Cutting, Drilling and Patterning Glass with ITO Prism Sheet
Slide 6: Materials Processing Initiatives
Materials Processing Initiatives HighLight E-1000 Fiber Laser Machine Tools Push the limits Drive solar to of time grid parity • Drive the next generation of • Continue the • High power direct • First completely • 1 kW fiber laser • Industrial grade laser • High diodepower laser direct for laser eye
Slide 7: Acquisition of Hypertronics
Acquisition of Hypertronics Laser-Based Manufacturing in Singapore • Hypertronics is a leading supplier of precision laser manufacturing systems including vision testing systems and marking and titling systems. • Hypertronics is based in Singapore with a low cost manufacturing facility in Penang. •
Slide 8: Pro Forma Income Statement
Pro Forma Income Statement Bookings Revenue $800 696 $ Millions except Q1 FY11 Q4 FY10 Q1 FY10 594 599 605 earnings per share $600 419 436 Orders $ 234.4 $ 192.5 $ 158.4 $400 $200 Sales $ 183.1 $ 166.4 $ 122.8 $- FY08 FY09 FY10 Gross Profit 45.1% 44.2% 42.0% Period Expenses $ 54.0 $ 51.1 $ 44.7 Pro
Slide 9: Balance Sheet
Balance Sheet $ Millions Jan 1, 2011 Oct 2, 2010 Cash, equivalents & investments 296.6 262.8 Accounts receivable 107.9 110.2 Inventories 121.2 113.9 Other current assets 67.6 55.7 PP&E, net 88.3 90.3 Long term assets 158.4 170.2 Total Assets $840.0 $803.1 Current liabilities 140.5 131.9 Long term li
Slide 10: Superior Reliability Reliability & & Performance
Superior Reliability Superior Reliability & & Performance Performance August 2009 March2011 March 2011 P. (#) P. 10
Slide 11: Reconciliation GAAP to NON-GAAP financials
Reconciliation GAAP to NON-GAAP financials Three Months Ended January 1, October 2, January 2, 2011 2010 2010 GAAP net income $ 19,113 $ 9,853 $ 4,179 GAAP net income per diluted share $ 0.76 $ 0.39 $ 0.17 Stock-related compensation expense 2,248 1,864 1,519 Restructuring costs -- 3,209 813 Stock op
Slide 12: Joint Development Agreement with SiOnyx
Joint Development Agreement with SiOnyx Black Silicon for Solar Applications • SiOnyx is a VC-backed company located in Beverly, MA • SiOnyx developed and licensed patented Black Silicon processing technology which exploits unique atomic level alterations that occur in materials irradiated by high i