Aixtron Se · XETR:AIXA
Aixtron — Q1 2012 Earnings Presentation
13 slides from Aixtron's earnings presentation, Apr 26, 2012
Slide 1: First Quarter 2012 Results
First Quarter 2012 Results April 26, 2012 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 2012 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 2012 Results Year on Year Comparison (Q1/2012 vs. Q1/2011) Revenues down 80% to €42.0m (Q1/2011: €205.4m) Gross Margin down 26pp to 25% (Q1/2011: 51%) EBIT negative at €-18.3m (Q1/2011: €74.9m at 36% EBIT margin) Basic EPS decreased to €-0.12 (Q1/2011: €0.52) Equip
Slide 4: Financial Highlights: Sequential Quarter Comparison
Financial Highlights First Quarter 2012 Results Sequential Quarter Comparison (Q1/2012 vs. Q4/2011) Revenues down 70% to €42.0m (Q4/2011: €140.1m) Gross Margin up 17pp to 25% (Q4/2011: 8%) EBIT 8% down to €-18.3m (Q4/2011: €-16.9m) Basic EPS decreased 9% to €-0.12 (Q4/2011: €-0.11) Equipment Order I
Slide 5: Consolidated Income Statement
Consolidated Income Statement* First Quarter 2012 Results (€ million) Q1/12 Q1/11 +/- Q1/12 Q4/11 +/- Revenues 42.0 205.4 -80% 42.0 140.1 -70% Cost of sales 31.7 101.2 -69% 31.7 128.4 -75% Gross profit 10.3 104.2 -90% 10.3 11.8 -13% Gross Margin 25% 51% -26 pp 25% 8% +17 pp Selling expenses 6.6 10.6
Slide 6: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position* First Quarter 2012 Results (€ million) 31/03/12 31/12/11 31/03/11 Property, plant & equipment 98.7 96.2 82.0 Goodwill 64.1 64.1 58.7 Other intangible assets 5.7 6.2 6.2 Others 32.1 29.4 17.4 Non-current assets 200.6 195.8 164.3 Inventories, WIP & Finishe
Slide 7: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows* First Quarter 2012 Results (€ million) Q1/12 Q4/11 Q1/11 Cash Flow from operating activities -0.1 -18.7 18.6 Cash Flow from investing activities 13.2 -2.6 0.3 Cash Flow from financing activities 0.5 0.0 2.1 Exchange rate changes -0.6 3.5 -2.4 Net change in Cash
Slide 8: Business Development
24 - Month Business Development (€ million) First Quarter 2012 Results 200.4 204.0 210.3 222.2 51.5 175.4 29.3 31.5 Equipment (only) @ $1.50 @ $1.35 Order Intake @ $1.40 Adjusted as of Sep. 15, 2011 100.0 321.1 250.0 278.7 274.8 273.5 244.8 Equipment (only) 140.1* 136.2 Order Backlog @ $1.50 @ $1.35
Slide 9: Revenue Analysis
Revenue Analysis First Quarter 2012 Results Q1/2012: Q1/2012: Q1/2012: by equipment & spares by end application by region (equipment only) 56% 16% 8% 76% 43% 1% Equipment LED Asia Spares Telecom/Datacom Europe Display & Others USA 25.04.2012 P9
Slide 10: Operational Summary & Market Developments
Operational Summary & Market Developments First Quarter 2012 Results AIXTRON Operations Q1 orders and revenues reflect a continuation of ‘tough’ market conditions H1/2012 will remain ‘tough’ – more positive H2 outlook – EBIT breakeven still targeted for 2012 A strong balance sheet is providing a sol
Slide 11: 2012 EBIT Break Even Model
2012 EBIT Break Even Model First Quarter 2012 Results Predicted Profitable Performance in 2012 2012 EBIT Profitability starts at: € 275m Revenues 40% Gross Margin € 110m Opex (€ million) Shippable equipment orders Q1/2012 actual total revenues required 67 42 Assumed Q2-Q4 spares 458- 30 & non-equipm
Slide 12: Financial Calendar & Contact Data
Financial Calendar & Contact Data First Quarter 2012 Results May 16, 2012 Annual General Meeting in Aachen July 2012 H1/2012 Results, Conference Call October 2012 9M/2012 Results, Conference Call March 2013 FY/2012 Results Conference & Conf. Call For further information please contact: Investor Rela
Slide 13: First Quarter 2012 Results
P 13 25.04.2012 First Quarter 2012 Results