Aixtron Se · XETR:AIXA
Aixtron — H1 2015 Earnings Presentation
12 slides from Aixtron's earnings presentation, Jul 28, 2015
Slide 1: AIXTRON Investor Presentation First Half 2015 Results
AIXTRON Investor Presentation First Half 2015 Results (July 28, 2015) © AIXTRON Investor Relations, July 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 Q2/2015
FINANCIALS 3 Key Financials Q2/2015* H1/14 (€ million) H1/15 YoY Q2/15 Q1/15 QoQ Restated Revenues 80.7 90.1 -10% 40.4 40.3 0% Gross profit 12.4 22.61 -45% 3.6 8.8 -59% Gross margin 15% 25%1 -10 pp 9% 22% -13 pp EBITDA -21.8 -13.4 -63% -15.3 -6.4 -139% Operating result (EBIT) -26.7 -21.5 -24% -17.9
Slide 4: Consolidated Income Statement
FINANCIALS 4 Consolidated Income Statement* H1/14 (€ million) H1/15 +/- Q2/15 Q1/15 +/- Restated Revenues 80.7 90.1 -10% 40.4 40.3 0% Cost of sales 68.3 67.61 1% 36.8 31.5 17% Gross profit 12.4 22.61 -45% 3.6 8.8 -59% Gross Margin 15% 25%1 -10 pp 9% 22% -13 pp Selling expenses 6.3 6.41 -2% 3.0 3.3 -
Slide 5: Consolidated Statement of Cash Flows
FINANCIALS 5 Consolidated Statement of Cash Flows* (€ million) H1/15 H1/14 Q2/15 Q1/15 Cash Flow from operating activities -6.4 -25.1 3.7 -10.1 Cash Flow from investing activities 8.9 -19.9 -2.4 11.3 Cash Flow from financing activities -0.2 -0.2 -0.2 0.0 Exchange rate changes 5.2 0.6 -1.0 6.2 Net ch
Slide 6: Consolidated Statement of Financial Position
FINANCIALS 6 Consolidated Statement of Financial Position* (€ million) 30/6/15 31/12/14 30/6/14 Property, plant & equipment 80.6 77.3 78.3 Goodwill 77.1 64.8 64.5 Other intangible assets 5.7 2.5 2.7 Others 4.8 4.6 5.8 Non-current assets 168.2 149.2 151.3 Inventories, WIP & Finished Goods 85.8 81.7 7
Slide 7: Our Technology Portfolio
AIXTRON TECHNOLOGIES AND PRODUCTS 7 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 8: Summary and Outlook
OUTLOOK 8 Summary and Outlook • Tangible Growth Opportunities in Target Markets • 2015 Outlook: H2 growth supported by strong backlog 2015 revenues: between EUR 220 and EUR 250 million Largest Contribution from LED, Power, Memory & Logic EBITDA breakeven to be reached within H2/2015 • Discip
Slide 9: Financial Calendar & Contact Data
9 Financial Calendar & Contact Data • October 2015 9M/2015 Results, Conference Call • February 2016 FY 2015 Results, Conference Call • April 2016 Q1/2016 Results, Conference Call • May 25, 2016 Annual General Meeting, Aachen For further information please contact: Investor Relations & Corporate Comm
Slide 10: 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 11: Revenue Analysis
OPERATIONS 11 Revenue Analysis H1/2015: H1/2015: H1/2015: by equipment & spares by end application by region (equipment only) 11% 10% 28% 14% 11% 24% 19% 32% 79% 72% LED Equipment Silicon Asia Spares Power Electronics Europe Optoelectronics Americas Others
Slide 12: 24-Month Business Development
FINANCIALS 12 24 - Month Business Development (€ million) 50.2 49.3 48.9 52.5 Order Intake1 47.0 49.0 49.5 49.7 @ $1.30 @ $1.35 @ $1.25 91.2 Order Backlog 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 46.2 51.1 43.9 4