Aixtron Se · XETR:AIXA
Aixtron — Q1 2015 Earnings Presentation
13 slides from Aixtron's earnings presentation, Apr 28, 2015
Slide 1: AIXTRON Investor Presentation First Quarter 2015 Results
AIXTRON Investor Presentation First Quarter 2015 Results (April 28, 2015) © AIXTRON Investor Relations, April 2015
Slide 2: Forward-Looking Statements
DISCLAIMER 2 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 harbor provisions of the US Private Securities Litigation Reform Act of 1995.
Slide 3: Key Financials Q1/2015
FINANCIALS 3 Key Financials Q1/2015* Q1/14 Q4/14 (€ million) Q1/15 YoY Q1/15 QoQ Restated Restated Revenues 40.3 43.9 -8% 40.3 58.0 -31% Gross profit 8.8 10.01 -12% 8.8 10.41 -15% Gross margin 22% 23%1 -1 pp 22% 18%1 4 pp EBITDA -6.4 -7.1 10% -6.4 -13.9 54% Operating result (EBIT) -8.8 -10.9 19% -8.
Slide 4: Consolidated Income Statement
FINANCIALS 4 Consolidated Income Statement* Q1/14 Q4/14 (€ million) Q1/15 +/- Q1/15 +/- Restated Restated Revenues 40.3 43.9 -8% 40.3 58.0 -31% Cost of sales 31.5 34.01 -7% 31.5 47.61 -34% Gross profit 8.8 10.01 -12% 8.8 10.41 -15% Gross Margin 22% 23%1 -1 pp 22% 18%1 4 pp Selling expenses 3.3 3.11
Slide 5: Consolidated Statement of Cash Flows
FINANCIALS 5 Consolidated Statement of Cash Flows* (€ million) Q1/15 Q1/14 Q1/15 Q4/14 Cash Flow from operating activities -10.1 -9.8 -10.1 9.8 Cash Flow from investing activities 11.3 -24.3 11.3 -29.3 Cash Flow from financing activities 0.0 0.1 0.0 0.3 Exchange rate changes 6.2 -0.4 6.2 0.7 Net cha
Slide 6: Consolidated Statement of Financial Position
FINANCIALS 6 Consolidated Statement of Financial Position* (€ million) 31/3/15 31/12/14 31/3/14 Property, plant & equipment 79.4 77.3 80.2 Goodwill 65.7 64.8 64.2 Other intangible assets 2.3 2.5 2.8 Others 5.0 4.6 5.6 Non-current assets 152.5 149.2 152.8 Inventories, WIP & Finished Goods 88.8 81.7 6
Slide 7: AIXTRON Acquires PlasmaSi Strategic benefits
VALUE PROPOSITION 7 AIXTRON Acquires PlasmaSi Strategic benefits Additional value creating process step: Thin-Film Encapsulation Complementary product portfolios and roadmaps Additional IP to strengthen core patent portfolio • Additional TAM opportunity: 50%+ in Technology clustering poten
Slide 8: Our Technology Portfolio
AIXTRON TECHNOLOGIES AND PRODUCTS 8 Our Technology Portfolio Silicon Compound Semiconductors Organic Carbon Semiconductors MOCVD ALD/MOCVD OVPD®/PVPD®/(TFE) PECVD LEDs, Lasers and Power Management Silicon Graphene, Organic Electronics Optoelectronics GaN / SiC Semiconductors CNTs and CNWs • LEDs for
Slide 9: AIXTRON – 2015 Outlook
OUTLOOK 9 AIXTRON – 2015 Outlook • 2015 revenues: between €220 and €250 million • To reach EBITDA breakeven in H2/2015 • Three Priorities for 2015 • Execute on successfully positioning our new AIX R6 in the market • Execute on cost reduction and efficiency improvement • Execute on our technology roa
Slide 10: Financial Calendar & Contact Data
10 Financial Calendar & Contact Data • May 20, 2015 Annual General Meeting, Aachen • July 28, 2015 H1/2015 Results, Conference Call • October 2015 9M/2015 Results, Conference Call • February 2016 FY 2015 Results, Conference Call For further information please contact: Investor Relations & Corporate
Slide 11: AIXTRON – Our technology. Your future.
AIXTRON – Our technology. Your future. AIXTRON SE Dornkaulstraße 2 52134 Herzogenrath Germany Phone +49 (2407) 9030-0 Fax +49 (2407) 9030-40 E-Mai [email protected]
Slide 12: Revenue Analysis
OPERATIONS 12 Revenue Analysis Q1/2015: Q1/2015: Q1/2015: by equipment & spares by end application by region (equipment only) 4% 5% 4% 9% 13% 28% 34% 49% 82% 72% LED Equipment Silicon Asia Spares Power Electronics Europe Optoelectronics USA Others
Slide 13: 24-Month Business Development
FINANCIALS 13 24 - Month Business Development (€ million) 49.7 50.2 49.3 Order Intake1 41.4 47.0 49.0 49.5 48.9 @ $1.30 @ $1.35 @ $1.25 Order Backlog 71.6 72.8 66.4 70.7 * 79.0 59.6 64.2 65.2 @ $1.30 @ $1.35 @ $1.25 *) revalued on Jan.1, 2015 to €69.0m at $1.25/€ Total Revenues 58.0 45.3 46.2 51.1 4