Coherent Corp. · NYSE:COHR
Coherent — Investor Presentation (July 2005)
8 slides from Coherent's investor presentation, July 2005
Slide 1: Safe Harbor Statement Under the Private Securities Litigation Reform Act
“Safe Harbor” Statement Under the Private Securities Litigation Reform Act 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 uncertainties related to currency adj
Slide 2: The Photonics Company
The Photonics Company Provider of Photonics* Solutions, Primarily Lasers, for Commercial and Scientific Research Applications Founded in 1966 Revenues $515.7 Million (ttm) Bookings $513.8 Million (ttm) ~2200 Employees Sales 36% U.S.; 64% R.O.W. (ttm) *Photonics is the Merger of Lasers, Optics and El
Slide 3: Revenue Mix $515.7 Million (ttm)
Revenue Mix $515.7 Million (ttm) Electro- Electro-Optics $416.7 Million 81% 19% Lambda Physik $99.0 Million As of 7/2/05
Slide 4: Electro-Optics Revenue by Market and Market Dynamics
Revenue by Market $416.7 Million (ttm) OEM Components & Instrumentation 15% Materials Processing 25% 26% 28% Microelectronics 6% Scientific Research Graphic Arts & Display & Gov. Programs Q3’05 Bookings Down 2% from Prior Year Period, Increased 1% Sequentially As of 7/2/05 Market Dynamics Market Key
Slide 5: Lambda Physik Revenue by Market $99.0 Million (ttm)
Revenue by Market $99.0 Million (ttm) 64% Industry Lithography 17% 19% Science/Medicine Q3’05 Bookings Increased 3% from Prior Year Period, Down 25% Sequentially As of 7/2/05
Slide 6: Market Dynamics
Market Dynamics Market Key Application Catalysts Industry Flat Panel Displays Consumer Electronics Science/ Ophthalmic Surgery Cost per Medicine Procedure Lithography Service Improved Cost of Ownership
Slide 7: Income Statement at a Glance and Balance Sheet Highlights
Income Statement at a Glance 9 Months 2005 9 Months 2004 Sales $382.5M $361.7M Gross Margin 43.6% 40.9% R&D 11.1% 12.8% SG&A 22.5% 23.7% Income from Continuing Ops. $34.6M* $7.8M *Non-GAAP Net Income $27.2M As of 7/2/05 Balance Sheet Highlights Current Ratio 4.5 : 1 Debt to Equity 0.02 : 1 Total Cas
Slide 8: Looking Forward Q4'05
Looking Forward Q4‘05 Sales Up 5-8% Sequentially from $125.3 Million Gross Profit Rate 44-45% R&D 11.0-11.5% SG&A 22.5-23.5% Amortization of Intangibles $2.5 Million Other Income 1% Effective Annual Tax Rate 30% Capex 4% of Sales for FY’05 Updated as of 7/28/05 *Guidance Includes Stock Compensation