AIXTRON Investor Presentation. Fiscal Year 2014 Results (February 24, 2015)

Transcription

1 AIXTRON Investor Presentation Fiscal Year 2014 Results (February 24, 2015)

2 DISCLAIMER Forward-Looking Statements 2 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 These statements may be identified by words such as may, will, expect, anticipate, contemplate, intend, plan, believe, continue and estimate and variations of such words or similar expressions. These forward-looking statements are based on our current views and assumptions and are subject to risks and uncertainties. You should not place undue reliance on these forward-looking statements. Actual results and trends may differ materially from those reflected in our forward-looking statements. This could result from a variety of factors, such as actual customer orders received by AIXTRON, the level of demand for deposition technology in the market, the timing of final acceptance of products by customers, the condition of financial markets and access to financing for AIXTRON, general conditions in the market for deposition plants and macroeconomic conditions, cancellations, rescheduling or delays in product shipments, production capacity constraints, extended sales and qualification cycles, difficulties in the production process, the general development in the semi-conductor industry, increased competition, fluctuations in exchange rates, availability of public funding, fluctuations and/or changes in interest rates, delays in developing and marketing new products, a deterioration of the general economic situation and any other factors discussed in any reports or other announcements field by AIXTRON with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this document are based on current expectations and projections of the Executive Board and on information currently available to it and are made as at the date hereof. AIXTRON undertakes no obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise, unless expressly required to do so by law Fiscal Year 2014 Results Herzogenrath

3 OPERATIONS 3 AIXTRON 2014 Recap Higher Order Intake and Revenues, improved Financial Performance New AIX R6 MOCVD Tool launched Market Positioning ongoing Large multiple tool order received from San an for 50 AIX R6 OLED R&D Cluster commissioned Gen 8 Demonstrator in installation Progress within 5-Point-Program: Improved Customer Relationships through Key Customer Satisfaction Team and active EB involvement Stringent Cash Management and improved Cost Discipline Strong Balance Sheet enabling to sustain critical investments for future opportunities

4 FINANCIALS Key Financials Q4/2014* 4 ( million) FY/14 FY/13 YoY Q4/14 Q3/14 QoQ Revenues % % Gross profit n. m % Gross margin 21% -4% 25 pp 20% 14% 6 pp Operating result (EBIT) % % EBIT margin -30% -52% 22 pp -33% -39% 6 pp Net result % % Net result margin -32% -55% 23 pp -33% -44% 11 pp Net result per share - basic (EUR) % % Net result per share - diluted (EUR) % % Free cash flow n. m n. m. Equipment order intake % % Equipment order backlog (end of period) % % *) rounded figures; may not add up

5 FINANCIALS Consolidated Income Statement* 5 ( million) FY/14 FY/13 +/- Q4/14 Q4/13 +/- Revenues % % Cost of sales % % Gross profit n. m % Gross Margin 21% -4% 25 pp 20% 34% -14 pp Selling expenses % % General & admin expenses % % R&D % % Net other op.(income)/expenses % n. m. EBIT % % EBIT Margin -30% -52% 22 pp -33% -25% -8 pp Result before tax % % Pre-Tax Margin -29% -52% 23 pp -32% -25% -7 pp Net result % % Net Return on Sales -32% -55% 23 pp -33% -29% -4 pp *) rounded figures; may not add up

6 FINANCIALS Consolidated Statement of Financial Position* 6 ( million) 31/12/14 30/09/14 31/12/13 Property, plant & equipment Goodwill Other intangible assets Others Non-current assets Inventories, WIP & Finished Goods Trade receivables Others Cash & Cash Equivalents incl. CD Current Assets Shareholders' equity Non-current liabilities Trade payables Advance payments from customers Others Current liabilities Balance Sheet total *) rounded figures; may not add up

7 AIXTRON TECHNOLOGIES AND PRODUCTS Our Technology Portfolio 7 Compound Semiconductors Silicon Semiconductors Organic Carbon MOCVD ALD (MOCVD) OVPD /PVPD PECVD LED, Lasers and Optoelectronics Power Management GaN / SiC Silicon Semiconductors Organic Electronics Graphene, CNTs and CNWs LEDs for display: TVs, mobile phones, tablets, etc. LEDs for lighting LEDs for automotive LEDs for data communication Telecom lasers Concentrator Photovoltaics RF transistors AC-DC converters DC-DC converters Solar inverters Motor drives in industrial applications automotive and consumer electronics DRAM Dielectric and Metal Electrode Flash Inter Poly Dielectric and Metals Logic Gate stack ReRAM and PCRAM Active element and Electrode Logic High Mobility Channel OLEDs for display: TVs, mobile phones, tablets, etc. OLEDs for lighting Organic, flexible electronics Organic Photovoltaics Transistors Interconnects Flexible Electronics Energy Storage Sensors, etc. Increasing Equipment Demand Expected by: 2014/2015 Increasing Equipment Demand Expected by: 2015 Increasing Equipment Demand Expected by: end of 2014/2015 Increasing Equipment Demand Expected by: 2016/2017 Increasing Equipment Demand Expected by: Beyond 2018

8 OUTLOOK 8 AIXTRON Outlook Growth in all technology areas, improvement of orders, revenues and earnings Sequential earnings improvement: H2/2015>H1/2015>H2/2014 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 roadmap Technology. Materials. Performance.

9 Financial Calendar & Contact Data 9 April 28, 2015 May 20, 2015 July 28, 2015 October 2015 Q1/2015 Results, Conference Call Annual General Meeting, Aachen H1/2015 Results, Conference Call 9M/2015 Results, Conference Call For further information please contact: Investor Relations & Corporate Communications AIXTRON SE Dornkaulstr Herzogenrath, Germany IR Team Europe Phone: +49 (2407) invest@aixtron.com IR Team USA Andrea Su Phone: +1 (408) ext invest@aixtron.com

10 AIXTRON Our technology. Your future. AIXTRON SE Dornkaulstr Herzogenrath Germany Phone +49 (2407) Fax +49 (2407) E-Mai info@aixtron.com 2014 Fiscal Year 2014 Results Herzogenrath

11 FINANCIALS Consolidated Statement of Cash Flows* 11 ( million) FY/14 FY/13 Q4/2014 Q3/2014 Cash Flow from operating activities Cash Flow from investing activities Cash Flow from financing activities Exchange rate changes Net change in Cash & Cash Equivalents Cash & Cash Equivalents (beginning of period) Cash & Cash Equivalents (end of period) Change in Cash deposits Free Cash Flow** Capex *) rounded figures; may not add up **) Operating CF + Investing CF + Changes in Cash Deposits

12 OPERATIONS 12 Revenue Analysis FY 2014: by equipment & spares FY 2014: by end application (equipment only) FY 2014: by region Equipment Spares LED Silicon Power Electronics Optoelectronics Others Asia Europe USA

13 FINANCIALS Month Business Development ( million) Equipment (only) Order Intake $1.35 Equipment (only) Order Backlog $ $1.35 *) revalued on Jan.1, 2015 to 69.0m at $1.25/ * Total Revenues (incl. equipment, service, spare parts) $1.334 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014 Q2/2014 Q3/2014 Q4/2014 USD order intake and backlog were recorded at the prevailing budget rate (2014: $1.35/ ) USD revenues were converted at the actual period average FX rate (2014: $1.334/ )