Coherent Corp. · NYSE:COHR
Coherent — Investor Presentation (January 2009)
14 slides from Coherent's investor presentation, January 2009
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 future plans, events or performance are forward-looking statements that involve risks and uncertainties, including risks associated with business and economic conditions, c
Slide 3: The Photonics Company
The Photonics Company Provider of Photonics Solutions − Primarily Lasers for Commercial and Scientific Research Applications • Founded in 1966 • FY08 Sales $599.3 Million • FY08 Orders $594.0 Million • ~2,150 Employees • Sales 32% U.S. and 68% International • 462 Patents, 103 Pending _______________
Slide 4: Our Strategy and Objectives
Our Strategy and Objectives • Leverage the depth & breadth of our technology portfolio to optimize growth and performance • Create new markets through internal and independent application development • Continue to lead the revolution in commercial lasers • Complement internal product/market developm
Slide 5: Market Leading Position with Multiple Growth Vectors
Market Leading Position with Multiple Growth Vectors W eld Cu ing ttin ,J M g, oin icr Dr S Et om illi ing f/H ch at D e fg . En ing ' l P ng M . ,E ro y fg gr ce e av t M Pr a vin x po ss H gh m oje g, sin ing Li c om . c tin M g le ec Re ar e E l ad g ki n T n s. le c M in g, g o oe ea C ic r l W
Slide 6: Competitive Landscape: Lasers and Electro-optic Components
Competitive Landscape: Lasers and Electro-optic Components $3 Billion Global Market Rofin 12% Coherent ~$360 million 20% ~$600 million ~200 additional companies 32% $1.0 billion Cymer 17% ~$520 million JDSU 3% Excel ~$80 million SP (now part of IPG 7% GSIG) 6% ~$200 million 3% ~$180 million ~$100 mi
Slide 7: Diversified Applications
Diversified Applications Applications Revenue Revenue Mix Mix (FY08 (FY08 as as of of 9/27/08) 9/27/08) • TAM ~$1B Materials Processing Microelectronics • Mask writing, semiconductor inspection, OEM Components & Instrumentation* 16% marking, flat panel display, solar and advanced 29% packaging and i
Slide 8: The Power of Platforms
The Power of Platforms OPS OPS Talisker Talisker Diamond Diamond E-400 E-400 • New class of lasers based on • Fiber hybrid design. With both • Modular Sealed CO2 laser engineer-able semiconductor variable and selectable platform materials performance in terms of power, pulse width, and repetition •
Slide 9: EBITDA Expansion Plan – Footprint projects
EBITDA Expansion Plan – Footprint projects Auburn Auburn Munich Munich • Outsourcing optics manufacturing to privately-held • Transferring the development and manufacturing of our Research Electro-Optics (REO) of Boulder, Colorado. Excimer medical product family to Goettingen and will • Decision was
Slide 10: Fiscal 2008/2007 Financials (Pro Forma)
Fiscal 2008/2007 Financials (Pro Forma) FY’ 08 FY’ 07 Orders $ 594.0 $ 591.0 Sales $ 599.3 $ 601.2 Gross Profit 43.0% 41.9% Period Expenses $ 207.4 $ 207.4 Net Income $ 43.2 $ 41.2 EPS $ 1.54 $ 1.29 Backlog $ 183.5 $ 188.4 Note: Pro Forma results exclude stock related compensation charges, IPR&D cos
Slide 11: Attractive financial profile
Attractive financial profile Solid Solid Revenue Revenue Growth Growth Powerful Powerful Cash Cash Generation Generation 8.1% ($ millions) ($ millions) CAGR 700 400 $362 $584.7 $601.2 $599.3 600 350 $516.3 $293 $495.0 300 500 $406.2 250 400 $218 $218 200 300 $143 150 200 $93 100 100 50 0 0 FY03 FY04
Slide 12: The Market Leading Photonics Platform
The Market Leading Photonics Platform An An Established Established History History of of Highly Highly Diversified Diversified Markets Markets Market Market and and Technology Technology and and Products Products Leadership Leadership Multiple Multiple Growth Growth Vectors Vectors Exceptional Exce
Slide 13: Fiscal Year Recon GAAP to Pro Forma Net Income
Fiscal Year Recon GAAP to Pro Forma Net Income FY08 FY08 FY07 FY07 Y ear E nded S ept. 27, S ept. 29, 2008 2007 GA A P net incom e (loss) 23,403 15,951 GA A P net incom e per diluted share $0.83 $0.50 Stock option inv estigation and related restatem ent of financial statem ents, and litigation ex pe
Slide 14: Superior Reliability & Performance January 2009
Superior Reliability & Performance January 2009 1/7/2009 P. 14