Interim Results Announcement 2012/13
The Business of Science®

Jonathan FlintChief ExecutiveKevin Boyd
Group Finance Director

13 November 2012

© Oxford Instruments 2012

AgendaThe Business of Science®

• Highlights• Financial Review• Operational Review• Summary and Outlook© Oxford Instruments 2012

Highlights
The Business of Science®

• Good progress in the first half
• Increased R&D investment• Global demand for nanotechnology tools• Growth in emerging markets• Efficiency improvements• Increased interim dividend• 14 Cubed plan on track© Oxford Instruments 2012

Medium Term Prospects
The Business of Science®

• Overall demand remainsstrong• Some softness in theindustrial sector• Healthy new productpipeline© Oxford Instruments 2012

Long Term Growth• Tools for extracting more value from each•

atom in a world of finite resources
Estimated 15% annual structural growth innanotools market© Oxford Instruments 2012

The Business of Science®

Expanding Footprint & BRIC
The Business of Science®

© Oxford Instruments 2012

The Business of Science®

Financial Review
Kevin Boyd

© Oxford Instruments 2012

Highlights
The Business of Science®

Orders (£m)
Revenues (£m)
Adjusted Operating profit (£m)*
Return On Sales (%)
Adjusted profit before tax (£m)*
Adjusted EPS (pence)*
Dividend (pence)
Net Cash (£m)

2012/13
169.8
170.8
23.8
13.9%
23.1
33.9
3.05

2011/12
174.8
159.1
18.9
11.9%
18.7
28.2
2.77

Change
-2.9%
7.4%
25.9%
+2.0pp
23.5%
20.2%
10.1%

37.1

11.9

25.2

*Adjusted numbers are stated to give a better understanding of the underlying business. Details of adjusting items can be found in Note 2 of theHalf Year Report© Oxford Instruments 2012

Segments
The Business of Science®

Nanotech

IndustrialTools

ProductsServiceTOTAL

2012/13 2011/12

2012/13 2011/12

2012/13 2011/12

2012/13 2011/12

£m£m

£m£m

£m

£m

£m

£m

External revenue

80.7

70.0

60.9

64.2

29.2

24.9

170.8

159.1

Inter-segment revenue

0.2

0.4

0.6

0.5

0.1

Sector revenue

80.9

70.4

61.5

64.7

29.3

24.9

Adjusted Operating Profit

10.4

7.3

7.6

6.6

5.8

5.0

23.8

18.9

12.9%

10.4%

12.4%

10.2%

19.8%

20.1%

13.9%

11.9%

Return on sales© Oxford Instruments 2012

Sales Bridge
The Business of Science®

3.7

9.2

170.8

(1.2)

159.1
180160140120£m100806040200
2011/12© Oxford Instruments 2012

VolM&AFx2012/13

Sales by Destination
The Business of Science®

H1 2012/13

H1 2011/122%

4%33%33%

38%

27%
Europe© Oxford Instruments 2012

North America

35%

28%
Asia

RoW

Profit Bridge
The Business of Science®

3.8

30.0

3.9

25.0

18.7

£m

20.0

15.0

10.0

5.00.0© Oxford Instruments 2012

0.2

0.0

(3.0)
(0.5)

23.1

Cash
The Business of Science®

28.2

0.7(11.1)

30.0

25.0(4.2)
20.0(1.8)£m

15.0(2.4)(5.8)

10.0(1.6)
5.00.0© Oxford Instruments 2012

2.0

Sales Progress
The Business of Science®

200.0
180.0
160.0

15.9% CAGR

140.0

£m120.0
100.0
80.0
60.0
40.0
20.00.0
H1

H2

H1

H2

H1

H2

H1

H2

H1

H2

H1

H2

H1

H2

H1

2005/06 2005/06 2006/07 2006/07 2007/08 2007/08 2008/09 2008/09 2009/10 2009/10 2010/11 2010/11 2011/12 2011/12 2012/13© Oxford Instruments 2012

Profit and Margin Progress
The Business of Science®

EBIT margin

£m
16.0%

25.0

14.0%
20.0

12.0%

10.0%

15.0

8.0%
10.0

6.0%

4.0%

5.0

2.0%
0.0
H1H2

H1H2H1H2

H1

H2

H1

H2

H1

H2

H1

H2

H10.0%

2005/06 2005/06 2006/07 2006/07 2007/08 2007/08 2008/09 2008/09 2009/10 2009/10 2010/11 2010/11 2011/12 2011/12 2012/13(5.0)© Oxford Instruments 2012

Operating Profit

EBIT%

-2.0%

The Business of Science®

Operational Review
Jonathan Flint© Oxford Instruments 2012

Our Businesses
The Business of Science®

Nanotechnology
Tools

IndustrialProductsService• Industrial Analysis• NanoAnalysis• NanoScience• OmicronNanotechnology• PlasmaTechnology© Oxford Instruments 2012

• X-ray Fluorescence• Optical Emission
Spectroscopy• Magnetic Resonance• IndustrialComponents• Austin Scientific• Superconducting
Wire• X-ray Technology• CT& MRService(3rd Party)• NT & IP Service(OI products)

NanoTechnology Tools
High-performance technology products for research and industry• AZTEC materials characterisation•••

systems
MEMS – micro electromechanicalsystems
Quantum Information Processing
Omicron NanoTechnology© Oxford Instruments 2012

The Business of Science®

Industrial Products
Analytical systems for Quality Control, Environmental andCompliance Testing and Components for industry and research• Opportunities in emerging•••

markets
New applications for X-rayTechnologyNew Hand Held analysers
Shale Oil

© Oxford Instruments 2012

The Business of Science®

ServiceService, support, training, refurb, consumables, accessories• Broader range of services• Benefiting from US healthcare reforms• Innovative support programmes© Oxford Instruments 2012

The Business of Science®

Summary and Outlook
The Business of Science®

• Exposure to long term growth markets• Diverse geographies and technologies• Strong pipeline of new products• Potential for bolt-on acquisitions• Business Improvement Programme• Resilience to macro economic climate• On track to deliver14 Cubed objectives© Oxford Instruments 2012

Disclaimer
The Business of Science®

This presentation is prepared for and addressed to authorised persons within the meaning of the Financial Services andMarkets Act 2000 (FSMA). The information contained in this presentation is not for publication, distribution or reproduction,in whole or in part, to any persons outside the jurisdiction of this Act. The Company, its Directors, employees, agents oradvisers do not accept or assume responsibility to any other person to whom this presentation is shown or into whose
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Statements contained in this presentation are based on the knowledge and information available to the Company's
Directors at the date it was prepared and therefore the facts stated and views expressed may change after that date. By
their nature, any statements concerning the risks and uncertainties facing the Company in this presentation involve
uncertainty since future events and circumstances can cause results and developments to differ materially from thoseanticipated. To the extent that this presentation contains any statement dealing with any time after the date of its
preparation such statement is merely predictive and speculative as it relates to events and circumstances which are yet tooccur. The Company undertakes no obligation to update these forward-looking statements.
The information in this presentation shall not constitute or be deemed to constitute any offer or invitation to invest in orotherwise deal in shares or other securities of Oxford Instruments plc.
All information in the presentation is the property of Oxford Instruments plc.

© Oxford Instruments 2012