Aixtron Se Unsp/Adr

Good afternoon, ladies and gentlemen, and welcome to the conference call regarding Q1 2023's results of extra NSE. At this time, all participants have been placed on a listen-only mode. The floor will be open for questions following the presentation. Let me now turn the floor over to your host, Guido Pickert.

Thank you very much, operator. Welcome to our presentation of the first quarter of 2023 results. I'd like to welcome our CEO, Dr. Felix Grabert, and our CFO, Dr. Christian Dunning. As the operator indicated, this call is being recorded by Extron and is considered copyright material. As such, it cannot be recorded or rebroadcast without permission. Your participation in this call implies your consent to this recording. Please take note of our safe harbor statement which can be found on page two of our results presentation slide deck as it applies throughout the conference call. This call is not being immediately presented via webcast or any other medium. However, we will place an audio file of the recording or transcript on our website at some point after the call. I would now like to hand you over to our CEO for opening remarks, Felix.

Thank you, Guido. Let me also welcome you all to our results presentation. I will start with an overview of the highlights of the quarter and then hand over to Christian for more details on our financial figures. Finally, I will give you an update on the development of our business and our full year guidance. Let me now give you an overview of the key business developments in Q123 on slide two. Demand for our equipment remains strong. With an order intake of 140 million euros, 7% year-on-year, driven in particular by the strength of demand for wide bandgap power electronics based on GAN and SICK. The vast majority of orders in the quarter were driven by demand from this area. We have a number of very large customers that are building high-volume manufacturing capacities and are placing orders to build up the respective volume capacities step by step. From a regional point of view, The largest demand was recorded from customers with production sites in Europe. We see further adoption of the gallium nitride material system in medium voltage application as well as residential solar applications. Our growth in the area of silicon carbide is mainly driven by the increasing adoption in electromobility as well as by us winning additional new customers. The positive development in silicon carbide is clearly supported by the great acceptance of our new G10SIG dual wafer-sized production tool, which we expect to become our top-selling product for 2023. Demand for tools to produce optoelectronics, as well as tools to produce LEDs, including micro-LEDs, continue to contribute to our overall strength in orders. As a result of all that, we can report a strong order backlog of €418 million, up 60% year-on-year. Our Q123 revenues have been affected by the delayed granting of export licenses. For a number of units, the licenses had not been issued by quarter end. We are in close exchange with the government and have received clear signals that the licenses will be issued shortly. Hence, we expect that the tool deliveries can be executed in subsequent quarters. I will hand over to our CFO, Christian Dunninger. He will take you through the Q123 financial. Christian?