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8-K - GT SOLAR INTERNATIONAL, INC. 8-K - GT Advanced Technologies Inc.a6818126.htm
EX-99.1 - EXHIBIT 99.1 - GT Advanced Technologies Inc.a6818126-ex991.htm

Exhibit 99.2

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Investor Financial Summary Q1 FY09 Q2 FY09 Q3 FY09 Q4 FY09 Q1 FY10 Q2 FY10 Q3 FY10 Q4 FY10 Q1 FY11 Q2 FY11 Q3 FY11 Q4 FY11 Q1 FY12 FY2009 FY2010 FY2011 Revenue by Segment 57.1  140.2  205.2  138.5  71.8  104.2  173.6  194.7  135.2  229.3  262.9  271.6  231.1  541.0  544.2  899.0  Photovoltaic 57.1  140.2  109.4  137.2  19.9  62.4  40.3  64.1  111.4  202.8  239.9  186.0  198.6  443.9  186.7  740.1  Polysilicon -  -  95.8  1.3  51.9  41.8  133.3  130.6  23.7  23.3  17.3 79.2  23.9  97.1  357.5  143.6  Sapphire  -  3.2  5.7  6.4  8.6  -  -  15.3  Revenue by Geography 57.1  140.2  205.2  138.5  71.8  104.2  173.6  194.7  135.2  229.3  262.9  271.6  231.1  541.0  544.2  899.0  Asia 43.9  128.8  193.6  105.2  22.7  63.4  163.2  190.1  87.4  224.0  256.8  267.1  225.9  471.5  439.4  835.3  U.S. 6.3  0.7  0.6  0.6  0.5  7.7  1.6  (0.8)  0.7  3.5  2.5  2.7  3.8  8.2  8.9  9.4  Europe/ROW6.9  10.7  11.0  32.7  48.7  33.1  8.7  5.4  47.1  1.8  3.7  1.8  1.4  61.3  95.9  54.3  Gross Profit 24.3  61.4  89.5  39.5  35.0  34.3  76.7  73.1  45.9  93.1  122.1  116.9  113.4  214.7  219.0  378.0  Gross Margin % 43% 44% 44% 28% 49% 33% 44% 38% 34% 41% 46% 43% 49% 40% 40% 42% Photovoltaic 42% 44% 49% 28% 34% 30% 32% 39% 33% 40% 47% 45% 52% 40% 34% 43% Polysilicon 38% 31% 55% 38% 48% 37% 39% 50% 40% 41% 41% 38% 44% 42% Sapphire 31% 41% 3% 13% 0% 0% 23% OPEX 16.2  18.2  18.5  18.2  19.4  18.8  19.1  17.7  18.8  24.5  27.2  34.1  34.7  71.1  75.0  104.7  R&D 3.8  4.0  5.3  5.1  6.4  4.6  5.3  5.1  3.7  5.3  6.7  8.0  11.3  18.3  21.4  23.8  S&M 3.8  5.0  5.6  3.0  3.9  3.2  2.4  2.4  3.7  5.3  4.5  6.3  6.2  17.5  11.8  19.8  G&A 8.6  9.1  7.6  10.1  9.1  11.0  11.4  10.3  11.4  13.9  16.0  19.9  17.3  35.3  41.8  61.1  Operating Income 8.1  43.2  71.0  21.2  15.6  15.4  57.6  55.3  27.1  68.6  94.8  82.7  78.7  143.5  144.0  273.3  Net Income 5.1  27.9  43.1  11.8  7.8  9.4  36.8  33.3  16.5  42.8  63.6  51.9  52.1  88.0  87.3  174.8  EPS (Diluted) 0.03  0.19  0.30  0.08  0.05  0.06  0.25  0.23  0.11  0.28  0.46  0.41  0.41  0.61  0.60  1.24  -Certain amounts in the table above may not sum or recalculate due to rounding of individual components $2.3 Billion


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Investor Financial Summary Q1 FY09 Q2 FY09 Q3 FY09 Q4 FY09 Q1 FY10 Q2 FY10 Q3 FY10 Q4 FY10 Q1 FY11 Q2 FY11 Q3 FY11 Q4 FY11 Q1 FY12 FY2009 FY2010 FY2011 Cash and Equivalents 244.7  109.7  121.3  107.1  161.4  204.3  194.7  250.7  276.4  294.2  320.4  362.7  473.4  107.1  250.7  362.7  1,254  Non-Restricted Cash and Equivalents 112.2  6.4  93.7  107.1  161.4  204.3  194.7  250.7  276.4  259.6  320.4  362.7  473.4  107.1  250.7  362.7  1,219  Debt -  -  -  -  -  -  -  -  -  -  125.0  120.3  95.6  -  -  120.3  245  Non-Restricted Cash net of debt 112.2  6.4  93.7  107.1  161.4  204.3  194.7  250.7  276.4  259.6  195.4  242.4  377.8  107.1  250.7  242.4  Vendor Advances 121.0  154.8  153.4  120.2  65.7  50.9  45.0  17.1  28.8 37.3  18.4  20.0  24.8  120.2  17.1  20.0  104  Customer Deposits 307.3  310.5  306.7  222.7  143.9  135.4  110.6  119.6  139.1  194.8  166.3  144.4  263.6  222.7  119.6  144.4  645  Deferred Rev Curr & Non Curr 234.8  274.8  292.4  348.1  517.1  471.5  378.4  334.3  321.3  296.8  388.1  445.5  395.7  348.1  334.3  445.5  1,452  Deferred COGS Curr & Non Curr 143.6  162.7  160.9  211.6  320.5  293.0  237.4  198.3  183.4  164.8  220.0  255.1  228.5  211.6  198.3  255.1  823  CAPEX (cash basis) 3.8  2.5  2.3  1.9  0.2  0.6  1.7  2.1  1.3  2.9  6.4  20.6  8.9  10.5  4.6  31.3  31  A/R 38.4  46.0  83.5  57.6  77.5  24.3  39.6  52.6  37.3  71.7  100.1  87.1  55.4  57.6  52.6  87.1  296  Inventory 63.9  88.0  127.9  103.5  80.0  78.7  75.8  68.9  80.7  113.8 120.4  127.6  162.0  103.5  68.9  127.6  442  A/P 50.0  41.5  68.5  50.8  24.2  13.4  14.2  22.1  31.1  42.1  76.4  63.4  40.2  50.8  22.1  63.4  213  ROIC (TTM) * * * * 49% 53% 40% 37% 34% 40% 44% 39% 45% * 28% 30% 2  ROE (TTM) * * * * 93% 104% 62% 67% 66% 67% 110% 92% 92% * 49% 87% 3  ROA (TTM) * * * * 14% 12% 10% 14% 15% 20% 24% 25% 28% * 12% 19% DIO (TTM) * * * * 80  95  123  97  78  79  73  69  81  * 97  69  DSO (TTM) * * * * 38  25  46  37  34  24  31  28  17  * 37  28  DPO (TTM) * * * * 41  31  50  41  27  23  34  30  24  * 41  30  Cash Conversion Cycle (TTM) * * * * 77  88  119  93  85  80  71  67  74  * 93  67  Inventory Turns * * * * 1.8  3.6  5.1  7.1  4.4  4.8  4.7  4.9  2.9  * 4.7  4.1  Inv DOH * * * * 73  61  87  82  84  85  66  75  126  * 77  89  Notes: Metric Definitions: -Certain amounts in the table above may not sum or recalculate due to rounding *Metric is based on trailing 12-month data and has not been calculated for this period because the company was not public prior to Q1FY09. -TTM = Trailing 12 Months ROIC: (TTM Net Income)/(TTM ave. total assets - TTM ave. current liabilities) ROE: (TTM Net Income)/(TTM ave. shareholder equity) ROA: (TTM Net Income)/(TTM ave. total assets) DIO: (TTM ave. inventory)/(TTM cost of sales per day) DSO: (TTM ave. A/R)/(TTM sales per day) DPO: (TTM ave A/P)/(TTM cost of sales per day) Cash Conversion Cycle: (DIO + DSO - DPO) Inventory Turns: (Current Period COGSx4)/(Current Period Inventory Balance) Inv DOH: (365/inventory turns)