EX-99.1 2 b71614baexv99w1.htm EX-99.1 INVESTOR CONFERENCE CALL SLIDE PRESENTATION exv99w1
Exhibit 99.1
Q3 Fiscal 2008 Financial Results Conference Call August 7, 2008 4:30 p.m. ET


 

Earnings In Line with Guidance Q3 FY08 $000's Q3 FY08 DEPS YTD FY08 $000's YTD FY08 DEPS Reported Loss from Continuing Operations ($10,326) ($0.17) ($20,409) ($0.31) Add: Restructuring Expense 2,571 $0.04 5,677 $0.09 Add: Loss on Investment - - 2,931 $0.04 Loss before Special Charges from Cont Ops ($7,755) *($0.12) ($11,801) ($0.18) Intangibles Amortization was $0.06 in Q2; $0.07 in Q3; and $0.18 YTD *June Quarter Guidance: Loss before Special Charges $.00 - ($0.12)


 

Cost Reductions offset Flow through from Revenue Declines $000's Q2 FY08 Q3 FY08 Change Revenues $147,647 $124,016 $(23,631) Gross profit 36,439 28,857 ( 7,582) Research & development 11,553 10,270 1,283 SG&A 29,896 25,636 4,260 Restructuring charges 2,506 2,571 ( 65) Operating Income ( $7,516) ($9,620) ( $2,104)


 

Bridging Sequential Operating Performance $ millions 2nd Quarter Operating Loss ( 7.5) Lost contribution on revenue decline (12.0) Increase in royalty revenues 1.1 Restructuring benefits and cost containment 5.1 Reduction in legal costs incurred on equity incentive matters 2.4 Non-recurrence of exceptional 2nd quarter costs 1.4 Cost increases net of other items (0.1) 3rd Quarter Operating Loss (9.6)


 

Increased Operating Loss & Unfavorable Foreign Currency Result Impact Net Loss $000's Q2 FY08 Q3 FY08 YTD FY08 Comments on Sequential Trends Operating loss ($7,516) ($9,620) ($20,822) Fixed cost absorption impacting gross profit Interest income, net 1,496 1,144 5,716 Impact of lower cash holdings & lower rates Loss on investment (2,931) 0 ( 2,931) Permanent impairment charge Other income (expense) 1,161 ( 1,244) ( 426) Unfavorable foreign currency impacts Income tax provision ( 885) ( 843) ( 2,398) Minorities & joint ventures 11 237 452 Net loss, Continuing Ops ( $8,664) ($10,326) ($20,409)


 

Critical Components Segment $000's Q2 FY08 Q3 FY08 YTD FY08 Comments on Sequential Trends Revenues $35,136 $28,341 $98,173 Declines in cryogenic vacuum pump revenues Gross profit Gross margin% 13,286 37.8% 10,241 36.1% 36,370 37.0% Flow through of lost variable contribution Operating expenses 9,604 8,810 27,109 Allocation of cost reductions Segment Operating Income $3,682 $1,431 $9,261


 

Automated Systems Segment $000's Q2 FY08 Q3 FY08 YTD FY08 Comments on Sequential Trends Revenues $81,527 $58,873 $223,740 Tool automation systems and Extended Factory most impacted Gross profit Gross margin % 16,997 20.8% 9,733 16.5% 46,509 20.8% Flow through of lost variable contribution Operating expenses 24,091 19,746 68,480 Completion of some R&D programs; restructuring benefits Segment Operating Loss ( $7,094) ( $10,013) ($21,971)


 

Global Customer Support Segment $000's Q2 FY08 Q3 FY08 YTD FY08 Comments on Sequential Trends Revenues $30,984 $36,802 $97,853 Legacy hardware revenue increases Gross profit Gross margin % 6,156 19.9% 8,883 24.1% 20,866 21.3% Volume fall through to gross margin on legacy products Operating expenses 5,967 5,564 18,042 Cost control Segment Operating Income $189 $3,319 $2,824


 

Q3 FY08 Cash Flows Net Income from Continuing Operations ( $10,326) ( $10,326) Depreciation & Amortization 8,835 8,835 Stock based compensation 1,069 1,069 Other non-cash items 286 286 Change in assets 1,563 1,563 Cash flow from Continuing Operations Cash flow from Continuing Operations 1,427 Capital Expenditures Capital Expenditures ( 6,489) Stock repurchases Stock repurchases 0 Currency Currency ( 699) Other Other 1,077 Net change in cash and marketable securities Net change in cash and marketable securities ($4,684) *Adjusted EBITDA of $1.8 million Oracle ERP Capital Expenditure of $4.3 million *Net Loss for Q3 FY08 was $10.3 million. A reconciliation of Adjusted EBITDA to Brooks' Net Loss is included in the earnings release issued on August 7, 2008


 

2008 September Quarter Guidance Revenues could be in the range between $110 million and $125 million Loss from Continuing Operations before special Charges could be in the range of $0.15 to $0.05