GTAT_Corporate_Overview
GTAT_Corporate_Overview
GTAT_Corporate_Overview
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Forward Looking Statements<br />
Certain of the information in this presentation relates to the Company’s future expectations, plans and prospects for its business and industry that constitute "forward-looking<br />
statements" for the purposes of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to: the Company serves several highgrowth<br />
markets; Company is actively diversifying into new growth markets including next-gen solar, consumer electronics and power electronics; Company’s strong balance<br />
sheet supports targeted investment; Company is targeting leaner operations and targeted M&A program (to preserve balance sheet); Company will continue focused R&D (with<br />
intention to drive organic growth/diversification); Company intends to grow and diversify and increase shareholder value; Company positioned as the total solution for high<br />
volume sapphire manufacturing; potential future applications for sapphire material; LED market environment is improving; sapphire is expected to be the key driver of the<br />
Company’s business in 2H 2013 and through 2014; Company remains confident in ability to expand sapphire business into non-LED markets; Company confident that ASF<br />
shipments and orders will resume in second half of the year based on LED and non-LED opportunities; Company’s innovation in polysilicon business drives market leadership;<br />
future performance metrics for Gen 7 polysilicon reactor and targeting further future improvements (including with respect to output and energy consumption); the Company<br />
having good visibility with respect to polysilicon revenue for the second half of 2013; polysilicon business’ order pipeline and backlog will drive polysilicon revenues over next<br />
several years; there are projections of tightening polysilicon supply; China’s ruling on polysilicon imports will be favorable to the Company; Company’s PV business is driving<br />
critical transition to higher efficiency, n-type monocrystalline materials with HiCz; HiCz optimized to produce N-type silicon wafers that enable high conversion efficiency<br />
cells; HiCz in development and will be available in late-2014; Company has continued success in converting DSS inventory to cash, albeit at low gross margins; Company<br />
continues to make progress with HiCz tool; China’s commitment to increase domestic PV consumption; the next PV investment cycle will likely begin in late 2014/early 2015;<br />
Company expects SiC business to ramp slowly and, in the longer-term, the higher growth opportunity with SiC is in pairing it with Company’s Hyperion technology; Hyperion tool<br />
broadens potential applications by allowing high productivity at high film thickness; Company expects to take Hyperion technology to market in 2015; HVPE tool is expected to<br />
lower the cost of LED production; HVPE will allow producers to better utilize their existing MOCVD capital assets, lower consumable costs and reduce cycle times; Company is<br />
intending to grow based upon a diversified foundation; future product releases by the Company (and timing of product introductions); Company’s product roadmap; Hyperion is<br />
targeting to drive performance/value advancements in several applications; Company’s financial guidance (including expected ranges of financial results) related to the calendar<br />
year 2013 with respect to: revenue, gross margins, total operating expenses, R&D expenses, capital expenditures, non-GAAP earnings per share, and cash and cash<br />
equivalents (at December 31, 2013); Company is driving technical innovation, cost reductions and new markets in sapphire industry; HiCz is targeted to enable critical move to<br />
higher efficiency; cost per good kg Si produced and cell efficiency based on several technologies; and HiCz is targeted to enable 22%+ cell efficiencies which will be critical in<br />
reducing total system costs ($/watt). These forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many<br />
of which are outside the Company's control, which could cause actual events to differ materially from those expressed or implied by the forward looking statements. These<br />
factors may include the possibility that the Company is unable to recognize revenue on contracts in its order backlog. Although the Company's backlog is based on signed<br />
purchase orders or other written contractual commitments in effect as of the end of our fiscal quarter ended June 29, 2013, we cannot guarantee that our bookings or order<br />
backlog will result in actual revenue in the originally anticipated period or at all, which could reduce our revenue, profitability and liquidity. Other factors that may cause actual<br />
events to differ materially from those expressed or implied by our forward-looking statements include the impact of continued decreased demand and/or excess capacity in the<br />
markets for the output of our solar and sapphire equipment, general economic conditions and the tightening credit markets having an adverse impact on demand for the<br />
Company’s products, trade disputes involving China, limited sales of PV equipment products, the possibility that changes in government incentives may reduce demand for solar<br />
products, which would, in turn, reduce demand for our equipment, technological changes could render existing products or technologies obsolete, the Company may be unable to<br />
protect its intellectual property rights, competition from other manufacturers may increase, exchange rate fluctuations and conditions in the credit markets and economy may<br />
reduce demand for the Company's products and various other risks as outlined in GT Advanced Technologies Inc.'s filings with the Securities and Exchange Commission,<br />
including the statements under the heading "Risk Factors" in the company's quarterly report on Form 10-Q for the quarter ended June 29, 2013. Statements in this presentation<br />
should be evaluated in light of these important factors. The statements in this presentation represent GT Advanced Technologies Inc.'s expectations and beliefs as of the date<br />
hereof. GT Advanced Technologies Inc. anticipates that subsequent events and developments may cause these expectations and beliefs to change. GT Advanced Technologies<br />
Inc. is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events,<br />
or otherwise.<br />
©2013 <strong>GTAT</strong> Corporation. All rights reserved. 32