AIXTRON : Q2 2021 Investor Presentation.PDF

Investor Presentation

First Half / Second Quarter 2021 Results, July 29, 2021

Forward-Looking Statements

This document may contain forward-looking statements regarding the business, results of operations, financial condition and earnings outlook of AIXTRON. 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 the current assessments, expectations and assumptions of the executive board of AIXTRON, of which many are beyond control of AIXTRON, based on information available at the date hereof and subject to risks and uncertainties. You should not place undue reliance on these forward-looking statements. Should these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of AIXTRON may materially vary from those described explicitly or implicitly in the relevant forward-looking statement. This could result from a variety of factors, such as those discussed by AIXTRON in public reports and statements, including but not limited those reported in the chapter "Risk Report". 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. This document is an English language translation of a document in German language. In case of discrepancies, the German language document shall prevail and shall be the valid version.

Due to rounding, numbers presented throughout this report may not add up precisely to the totals indicated and percentages may not precisely reflect the absolute figures for the same reason.

Our registered trademarks: AIXACT®, AIXTRON®, APEVA®; Atomic Level SolutionS®, Close Coupled Showerhead®, CRIUS®, EXP®, EPISON®, Gas Foil Rotation®, Optacap™, OVPD®, Planetary Reactor®, PVPD®, STExS®, TriJet®

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HIGHLIGHTS

AIXTRON - Q2/2021 highlights

High order momentum continues

• • Q2-OrderIntake of EUR 139 million on highest level since Q2/2011
  • Q2-Orderslargely driven by GaN Power, Optical Datacom and LED
• Q2-Revenuesabove Q1-levels - to accelerate further q-on-q in the course of 2021
• • Q2/2021 Revenues of EUR 67.7 million above previous quarter as expected
  • Q3-Revenuesabove Q2; Q4-Revenues above Q3

2021 Order Guidance1 further increased post increase in June

 Orders 2021: expected in a range of EUR 440 - 480 million (from EUR 420 - 460 million)

 Revenues 2021: expected in a range of EUR 400 ~ 440 million

 Gross Margin: ~ 40% of Revenues; EBIT Margin: expected in a range of 20% ~ 22% of Revenues

Corona situation well under control - employees to start returning to office  Return to office: 50% presence targeted at headquarters

 All interested employees at headquarters were vaccinated against COVID-19 Supply chain remains stable

1 Based on 1.25 USD/EUR Budget Rate

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FINANCIALS

Consolidated Income Statement1

(EUR million)	H1/21	H1/20	+/- (%)	Q2/21	Q1/21	+/- (%)
Revenues	117.2	97.0	21	67.7	49.5	37
Cost of sales	72.1	59.5	21	39.8	32.2	24
Gross profit	45.2	37.5	20	27.9	17.3	61
Gross margin	39%	39%	-	41%	35%	6 pp
Selling expenses	5.0	5.4	-7	2.9	2.2	30
General & admin expenses	12.4	9.3	32	6.7	5.6	19
R&D	26.7	28.6	-7	14.9	11.9	25
Net other operating income	(3.9)	(8.1)	-52	(2.2)	(1.7)	27
EBIT	4.9	2.2	128	5.6	-0.7	n.a.
EBIT margin	4%	2%	2 pp	8%	-1%	9 pp
Net result	11.5	2.5	368	7.7	3.8	104
Net margin	10%	3%	7 pp	11%	8%	3 pp

1 Rounded figures; may not add up

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FINANCIALS

Balance Sheet1

(EUR million)	30/06/21	31/12/20	30/06/20
Property, plant & equipment	65.9	63.5	66.6
Goodwill	71.7	71.0	71.7
Other intangible assets	2.5	2.9	2.8
Others2	23.4	74.9	11.8

Non-current assets	163.5	212.2	152.9
Inventories	125.5	79.1	91.2
Trade receivables	34.7	41.3	23.8
Others	13.4	8.1	13.3
Cash & Cash Deposits & Investments	348.2	249.7	288.6
Current Assets	521.9	378.2	416.9
Equity	503.2	496.4	465.1
Non-current liabilities	7.2	6.6	4.2
Trade payables	22.4	10.8	17.8
Contract liabilities for advance payment	122.5	50.8	61.1
Others	30.1	25.8	21.5
Current liabilities	175.0	87.5	100.5
Balance Sheet total	685.4	590.4	569.8

1 Rounded figures; may not add up; 2 Includes cash deposits of EUR 60m as per Dec. 31, 2020

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