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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
November 4, 2008
Date of Report (date of earliest event reported)
INTEVAC, INC.
(Exact name of Registrant as specified in its charter)
         
State of California   0-26946   94-3125814
(State or other jurisdiction
of incorporation or organization) 		  (Commission File Number)   (IRS Employer
Identification Number)
3560 Bassett Street
Santa Clara, CA 95054
(Address of principal executive offices)
(408) 986-9888
(Registrant’s telephone number, including area code)
N/A
(Former name or former address if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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Item 7.01 Regulation FD Disclosure
Item 9.01. Financial Statements and Exhibits
EX-99.1

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Item 7.01 Regulation FD Disclosure
     Please find the November 2008 AeA Classic Financial Conference Presentation attached as Exhibit 99.1. This Current Report on Form 8-K and the attached exhibit are furnished to, but not filed with, the Securities Exchange Commission (“SEC”) and shall not be deemed to be incorporated by reference into any of the Company’s filings with the SEC under the Securities Act of 1933, as amended, or the Exchange Act of 1934, as amended.
Item 9.01. Financial Statements and Exhibits
     (c) Exhibits
          99.1 AeA Classic Financial Conference Presentation.

 

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     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  INTEVAC, INC.
  		 
Date: November 4, 2008  By:   /s/ JEFFREY ANDRESON    
    Jeffrey Andreson   
    Vice President, Finance and Administration,
Chief Financial Officer, Treasurer and Secretary   		 
 

 

EXHIBIT 99.1
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AeA Classic Financial Conference November 2008 Kevin FairbairnJeff Andreson Chief Executive OfficerChief Financial Officer

 

 

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Cautionary Disclaimer During the course of this presentation, we will comment upon future events and may make projections about our future financial performance, including statements related to our expected sales, product shipments and acceptance, gross margin, operating expense, profit, cash flow and income tax expense. We will discuss our business strategy, our products, the markets our products address, our position in those markets, expected market acceptance of those products and production capacity. We wish to caution you that these are forward looking statements that are based upon our current expectations, and that actual results could differ materially as a result of various risks and uncertainties, including, without limitation, the following: inability to develop and deliver new products as planned; inability to accurately forecast the demand for our products and services; the possibility that orders in backlog may be cancelled, delayed or rescheduled; inability to achieve gross margin and expense goals and other risk f actors discussed in documents filed by us with the Securities and Exchange Commission, including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. We undertake no obligation to update the forward-looking statements made during this presentation. AeA Classic_NOV_2008 Slide 2

 

 

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Unique Value Proposition Intevac Equipment zHigh Productivity Tools for Advanced Technology Applications Hard Disk Drive Industry — 200 Lean ® Semiconductor Industry — Lean Etch™ Intevac Photonics zLeader in Enabling, Compact and Cost Effective Digital Optical Products Low Light Sensors and Cameras Miniature Raman Instruments Near-Eye Micro Displays AeA Classic_NOV_2008 Slide 3

 

 

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Intevac Today • Equipment Market Leader Magnetic Media Disk Market Provides Significant Revenue Opportunity Additional capacityIVAC –Share 65% –Technology upgrades • Expanding into New Equipment MarketsMagnetic Media Disk Market Leader Dielectric Etch and CVD Market >$4B Korean Equipment Alliance • Growing Photonics Business Highly Differentiated Product Technology • Strong Balance Sheet $5.28 Per Share in Cash and Investments $7.50 Per Share in Tangible Book Value • Record of Operational Excellence AeA Classic_NOV_2008 Slide 4

 

 

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Multiple Growth Opportunities Goal:30% CAGR Actual: 56% CAGR (2003 – 2007) New EquipmentMagnetic MarketsMedia Photonics Today20102012 AeA Classic_NOV_2008 Slide 5

 

 

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Expanding Intevac Equipment Business zExpand Applications on Existing Products 200 Lean Deposition System 200 Lean Etch System for Patterned Media {2009 Product {Ultimately Doubles Market Starting 2010 zExpand Addressed Markets 200 Lean Etch and CVDSemiconductor {Initial Focus on Memory Market {2009 Qualification {2010 Revenue Ramp AeA Classic_NOV_2008 Slide 6

 

 

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Media Growth and Technology Drive Intevac HDD Business 1,600 1,400 1,200 1,000 800 Units in Millions600 400 200 Consumer 0 Notebook 2006 2007 2008 2009 2010 2011 2012 Server Desk Top PerpendicularPatterned MediaMedia Capacity & Legacy System Replacements Source: TrendFocus April 2008 145 More 200 Lean Tools Required By 2012 +Patterned Media Ultimately Doubles Market AeA Classic_NOV_2008 Slide 7

 

 

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Media Technology Roadmap 10000 250 Gb/in2 = 320 GB/Platter 3.5 Inch Disk 1000 ) 2 (Gbit/in Density100 Areal 10 1 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Source: Semiconductor International, 5/22/2008 AeA Classic_NOV_2008 Slide 8

 

 

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200 Lean Magnetic Media Manufacturing System zLeading System for Disk Production zHighest Output Per Square Foot z200 Lean Gen II Major Upgrade {25% Higher Output {Improved Performance Metrics zExtendable to Industry’s Technology Roadmap {HAMR {Patterned Media AeA Classic_NOV_2008 Slide 9

 

 

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Patterned Media Manufacturing Clean Magnetic Media Deposition Intevac 200 Lean (Deposition) New Manufacturing Prime Media Surface Steps for Patterned MediaIntevac LithoPrime™ Apply Pattern to Media Imprint Lithography Etch Pattern into Media Test Lube Disk Burnish Intevac 200 Lean (Etch) Intevac AccuLuber™ AeA Classic_NOV_2008 Slide 10

 

 

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Lean Etch Enabling Technology, Double the Throughput zEnabling Etch Technology for 45nm and Beyond zAddressing Need for Significant Productivity Improvements zTES Korean and China Market Alliance zAccelerate Lean CVD Product Offering AeA Classic_NOV_2008 Slide 11

 

 

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Intevac Photonics Intevac Vision SystemsIntevac ImagingDeltaNu Micro-Display & Image Cameras & SensorsCompact Raman Capture Products forUnique Technology for Spectroscopy Systems for Head-Mounted VisionLow Light ImagingReal-Time Material Identification • Military Head-Mountedz Military Night Vision & • Microscopy Vision (Day/Night)SurveillanceMedical Diagnostics • • Training & Simulationz Spectroscopy • Industrial Inspection • Medical & Veterinarianz Microscopy • HAZMAT • Inspection • Scientific Research AeA Classic_NOV_2008 Slide 12

 

 

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Intevac Photonics Enabling Technology for Military Applications Near-Eye Display Goggle Micro Displays 100K Units Digital-Enhanced Night Vision DeltaNu Stand-Off Portable Raman$600M Legacy Market Chemical, Biological Threat Detection LIVAR CamerasNight Vision Surveillance Cameras & Systems Long-Range Viewing, Range Detection Ground & AirborneUAV, UGV Surveillance AeA Classic_NOV_2008 Slide 13

 

 

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Investment Rationale Equipment • Media Capacity and Technology Transition • <$4B Semiconductor Significant Equipment Market Growth Photonics OpportunitiesGrowing Product Revenues • • Government and OEM Highly DifferentiatedPrograms Approaching Technology ProductsVolume Ramp Management Team with Proven Track Record Strong Balance Sheet Global Infrastructure AeA Classic_NOV_2008 Slide 14

 

 

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AeA Classic Financial Conference November 2008 Kevin FairbairnJeff Andreson Chief Executive OfficerChief Financial Officer