MIRA INFORM REPORT

Report Date :

09.11.2013

IDENTIFICATION DETAILS

Name :	FEI COMPANY
Registered Office :	5350 NE Dawson Creek Drive, Hillsboro, OR, 97124, Washington County
Country :	United States
Financials (as on) :	31.12.2012
Date of Incorporation :	07.05.1973
Legal Form :	Public Parent
Line of Business :	FEI Company is a supplier of scientific instruments for nanoscale applications and solutions for industry and science. The Company operates in four segments: the Electronics market segment, the Materials Science market segment, the Life Sciences market segment and the Service and Components market segment
No. of Employees :	2,444

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No complaints
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
United States	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

UNITED STATES - ECONOMIC OVERVIEW

The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $49,800. In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, they face higher barriers to enter their rivals' home markets than foreign firms face entering US markets. US firms are at or near the forefront in technological advances, especially in computers and in medical, aerospace, and military equipment; their advantage has narrowed since the end of World War II. The onrush of technology largely explains the gradual development of a "two-tier labor market" in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. Since 1975, practically all the gains in household income have gone to the top 20% of households. Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income. Imported oil accounts for nearly 55% of US consumption. Crude oil prices doubled between 2001 and 2006, the year home prices peaked; higher gasoline prices ate into consumers' budgets and many individuals fell behind in their mortgage payments. Oil prices climbed another 50% between 2006 and 2008, and bank foreclosures more than doubled in the same period. Besides dampening the housing market, soaring oil prices caused a drop in the value of the dollar and a deterioration in the US merchandise trade deficit, which peaked at $840 billion in 2008. The sub-prime mortgage crisis, falling home prices, investment bank failures, tight credit, and the global economic downturn pushed the United States into a recession by mid-2008. GDP contracted until the third quarter of 2009, making this the deepest and longest downturn since the Great Depression. To help stabilize financial markets, in October 2008 the US Congress established a $700 billion Troubled Asset Relief Program (TARP). The government used some of these funds to purchase equity in US banks and industrial corporations, much of which had been returned to the government by early 2011. In January 2009 the US Congress passed and President Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus to be used over 10 years - two-thirds on additional spending and one-third on tax cuts - to create jobs and to help the economy recover. In 2010 and 2011, the federal budget deficit reached nearly 9% of GDP. In 2012 the federal government reduced the growth of spending and the deficit shrank to 7.6% of GDP. Wars in Iraq and Afghanistan required major shifts in national resources from civilian to military purposes and contributed to the growth of the budget deficit and public debt. Through 2011, the direct costs of the wars totaled nearly $900 billion, according to US government figures. US revenues from taxes and other sources are lower, as a percentage of GDP, than those of most other countries. In March 2010, President OBAMA signed into law the Patient Protection and Affordable Care Act, a health insurance reform that will extend coverage to an additional 32 million American citizens by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on health care - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010. In July 2010, the president signed the DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed to promote financial stability by protecting consumers from financial abuses, ending taxpayer bailouts of financial firms, dealing with troubled banks that are "too big to fail," and improving accountability and transparency in the financial system - in particular, by requiring certain financial derivatives to be traded in markets that are subject to government regulation and oversight. In December 2012, the Federal Reserve Board announced plans to purchase $85 billion per month of mortgage-backed and Treasury securities in an effort to hold down long-term interest rates, and to keep short term rates near zero until unemployment drops to 6.5% from the December rate of 7.8%, or until inflation rises above 2.5%. Long-term problems include stagnation of wages for lower-income families, inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, energy shortages, and sizable current account and budget deficits - including significant budget shortages for state governments

Source : CIA

Company name and address

FEI Company

5350 NE Dawson Creek Drive
Hillsboro, OR 97124
United States
Tel:	503-726-7500
Fax:	503-726-2570
www.fei.com

Employees:

2,444

Company Type:

Public Parent

Corporate Family:

19 Companies

Traded:

NASDAQ:

FEIC

Incorporation Date:

07-May-1973

Auditor:

KPMG LLP

Fiscal Year End:	31-Dec-2012
Reporting Currency:	US Dollar
Annual Sales:	891.7 ^1
Net Income:	114.9
Total Assets:	1,234.2 ^2
Market Value:	3,708.7

Business Description

FEI Company is a supplier of scientific instruments for nanoscale applications and solutions for industry and science. The Company operates in four segments: the Electronics market segment, the Materials Science market segment, the Life Sciences market segment and the Service and Components market segment. The Company’s products include transmission electron microscopes (TEMs); scanning electron microscopes (SEMs); DualBeam systems, which combine a SEM and a focused ion beam system (FIB), on a single platform; stand-alone FIBs; and high optical microscopes. On January 9, 2012 it acquired ASPEX Corporation of Delmont. On July 9, 2012, it acquired certain assets of AP Tech. On August 1, 2012, it acquired Visualization Sciences Group (VSG). The Company has manufacturing operations located in Hillsboro, Oregon; Eindhoven, The Netherlands; Brno, Czech Republic; Delmont, Pennsylvania; and Munich, Germany. For the 26 weeks ended 30 June 2013, FEI Company revenues increased 1% to $443.7M. Net income increased 1% to $56.8M. Revenues reflect Europe segment increase from $47M to $136.2M, Asia Pacific segment increase of 79% to $177.3M. Net income also reflects Selling/General/Administration decrease of 48% to $43.5M (expense), Research and development decrease of 46% to $24.8M (expense).

Industry

Industry	Electromedical and Control Instruments Manufacturing
ANZSIC 2006:	2419 - Other Professional and Scientific Equipment Manufacturing
ISIC Rev 4:	2651 - Manufacture of measuring, testing, navigating and control equipment
NACE Rev 2:	2651 - Manufacture of instruments and appliances for measuring, testing and navigation
NAICS 2012:	334516 - Analytical Laboratory Instrument Manufacturing
UK SIC 2007:	2651 - Manufacture of instruments and appliances for measuring, testing and navigation
US SIC 1987:	3826 - Laboratory Analytical Instruments

Key Executives   (Emails Available)

Name	Title
Don R. Kania	President, Chief Executive Officer, Director
Raymond A. Link	Chief Financial Officer, Executive Vice President
Bradley J. Thies	Senior Vice President, General Counsel, Secretary
Benjamin G. Loh	Chief Operating Officer, Executive Vice President
Rudy Kellner	Head Industry Group

Significant Developments

Topic	#*	Most Recent Headline	Date
Mergers & Acquisitions	1	FEI Co To Buy Its Australian Distributor nanoTechnology Systems Pty. Ltd	1-Aug-2013
Negative Earnings Pre-Announcement	2	FEI Co Issues Q3 2013 Guidance Below Analysts' Estimates	1-Aug-2013
Other Earnings Pre-Announcement	3	FEI Co Issues Q2 2013 Guidance	30-Apr-2013
Dividends	4	FEI Co Announces Quarterly Cash Dividend of $0.12 Per Share	12-Sep-2013

News

Title	Date
Insider Selling: FEI CFO Sells 8,326 Shares of Stock (FEIC) Zolmax News (407 Words)	5-Nov-2013
Tecnai Femto Ultrafast Electron Microscope Photonics (152 Words)	5-Nov-2013
Supercharge Your Portfolio With 2 Small-Cap Investments Nasdaq (803 Words)	5-Nov-2013
US Patent Issued to FEI on Nov. 5 for "High-vacuum seal" (Dutch Inventors) U.S. Fed News (254 Words)	5-Nov-2013
FEI CFO Sells $512,890 in Stock (FEIC) American Banking News (388 Words)	4-Nov-2013
A method and system for spectrum data analysis European Patents (119 Words)	4-Nov-2013

Financial Summary

As of 30-Jun-2013

Key Ratios	Company	Industry
Current Ratio (MRQ)	3.75	1.67
Quick Ratio (MRQ)	2.91	1.25
Debt to Equity (MRQ)	0.0000	1.05
Sales 5 Year Growth	8.52	7.10
Net Profit Margin (TTM) %	12.91	4.41
Return on Assets (TTM) %	9.51	4.07
Return on Equity (TTM) %	13.35	21.25

Stock Snapshot

Traded: NASDAQ: FEIC

As of 18-Oct-2013

   Financials in: USD

Recent Price	88.84	EPS	2.85
52 Week High	89.55	Price/Sales	4.16
52 Week Low	49.40	Dividend Rate	0.48
Avg. Volume (mil)	0.23	Price/Earnings	24.35
Market Value (mil)	3,708.73	Price/Book	4.07
		Beta	1.38

	Price % Change	Rel S&P 500%
4 Week	2.92%	0.88%
13 Week	14.65%	11.20%
52 Week	72.91%	44.45%
Year to Date	60.16%	30.94%

Source: Reuters

2 Year Weekly End Price & Volume

>> Stock Report

1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1

2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1

Corporate Overview

FEI Company

Location
5350 NE Dawson Creek Drive
Hillsboro, OR, 97124
Washington County
United States

Tel:	503-726-7500
Fax:	503-726-2570

www.fei.com

Quote Symbol - Exchange
FEIC - NASDAQ
Sales USD(mil):	891.7
Assets USD(mil):	1,234.2
Employees:	2,444
Fiscal Year End:	31-Dec-2012

Industry:	Scientific and Technical Instruments

Incorporation Date:	07-May-1973
Company Type:	Public Parent
Quoted Status:	Quoted

Senior Vice President, General Counsel, Secretary:	Bradley J. Thies

Industry Codes

ANZSIC 2006 Codes:
2419	-	Other Professional and Scientific Equipment Manufacturing
6910	-	Scientific Research Services

ISIC Rev 4 Codes:
2651	-	Manufacture of measuring, testing, navigating and control equipment
2670	-	Manufacture of optical instruments and photographic equipment
7210	-	Research and experimental development on natural sciences and engineering

NACE Rev 2 Codes:
2651	-	Manufacture of instruments and appliances for measuring, testing and navigation
7219	-	Other research and experimental development on natural sciences and engineering
2670	-	Manufacture of optical instruments and photographic equipment

NAICS 2012 Codes:
334516	-	Analytical Laboratory Instrument Manufacturing
541712	-	Research and Development in the Physical, Engineering, and Life Sciences (except Biotechnology)
333314	-	Optical Instrument and Lens Manufacturing

US SIC 1987:
3826	-	Laboratory Analytical Instruments
8731	-	Commercial Physical and Biological Research
3827	-	Optical Instruments and Lenses

UK SIC 2007:
2651	-	Manufacture of instruments and appliances for measuring, testing and navigation
26701	-	Manufacture of optical precision instruments
7219	-	Other research and experimental development on natural sciences and engineering

Top

Business Description

FEI Company, incorporated on May 7, 1953, is a supplier of scientific instruments for nanoscale applications and solutions for industry and science. The Company operates in four segments: the Electronics market segment, the Materials Science market segment, the Life Sciences market segment and the Service and Components market segment. The Company’s products include transmission electron microscopes (TEMs); scanning electron microscopes (SEMs); DualBeam systems, which combine a SEM and a focused ion beam system (FIB), on a single platform; stand-alone FIBs; and high optical microscopes. On January 9, 2012 it acquired ASPEX Corporation of Delmont. On July 9, 2012, it acquired certain assets of AP Tech. On August 1, 2012, it acquired Visualization Sciences Group (VSG). The Company has manufacturing operations located in Hillsboro, Oregon; Eindhoven, The Netherlands; Brno, Czech Republic; Delmont, Pennsylvania; and Munich, Germany.

The Electronics market segment consists of customers in semiconductor integrated circuit manufacturing and related industries such as manufacturers of data storage equipment and other technologies. The Company’s products are used primarily in laboratories or near the fabrication line to speed new product development and increase yields by enabling third dimensional (3D) wafer metrology, defect analysis, root cause failure analysis and circuit edit for modifying device functionality. The Materials Science market segment includes universities, public and private research laboratories and customers in a wide range of industries, including natural resources (mining and oil and gas), petrochemicals, metals, automobiles, aerospace, and forensics. The Company’s solutions enable scientific discovery and advancement for researchers and help manufacturers develop, analyze and produce advanced products. The Company’s products are used in mining for automated mineralogy.

The Life Sciences market segment includes universities, government laboratories and research institutes engaged in biotech and life sciences applications, as well as pharmaceutical, biotech and medical device companies and hospitals. The Company’s products’ ultra-high resolution imaging allows structural biologists to create detailed 3D reconstructions of complex biological structures such as proteins and viruses. The Service and Components market segment provides support for products and customers for the entire life cycle of a tool from installation through the warranty period, and after warranty period through contract coverage or on a time and materials basis.

The Company competes with JEOL Ltd., Carl Zeiss SMT A.G., Hitachi High Technologies Corporation and Tescan, a.s.

More Business Descriptions

FEI Company is a supplier of scientific instruments for nanoscale applications and solutions for industry and science. The Company operates in four segments: the Electronics market segment, the Materials Science market segment, the Life Sciences market segment and the Service and Components market segment. The Company’s products include transmission electron microscopes (TEMs); scanning electron microscopes (SEMs); DualBeam systems, which combine a SEM and a focused ion beam system (FIB), on a single platform; stand-alone FIBs; and high optical microscopes. On January 9, 2012 it acquired ASPEX Corporation of Delmont. On July 9, 2012, it acquired certain assets of AP Tech. On August 1, 2012, it acquired Visualization Sciences Group (VSG). The Company has manufacturing operations located in Hillsboro, Oregon; Eindhoven, The Netherlands; Brno, Czech Republic; Delmont, Pennsylvania; and Munich, Germany. For the 26 weeks ended 30 June 2013, FEI Company revenues increased 1% to $443.7M. Net income increased 1% to $56.8M. Revenues reflect Europe segment increase from $47M to $136.2M, Asia Pacific segment increase of 79% to $177.3M. Net income also reflects Selling/General/Administration decrease of 48% to $43.5M (expense), Research and development decrease of 46% to $24.8M (expense).

Structural Process Management Solutions of Semiconductor Data Storage Materials Science & Life Science Businesses

Establishments primarily engaged in manufacturing laboratory instruments and instrumentation systems for chemical or physical analysis of the composition or concentration of samples of solid, fluid, gaseous, or composite material.

FEI Company (FEI) is a supplier of scientific instruments for nanoscale applications and solutions for industry and science. The company produces and distributes electron microscopes including transmission electron microscopes (TEM), scanning electron microscopes (SEM), focused ion beam tools (FIB) and DualBeam instruments that are used in nanoscale imaging. It supplies products to scientists, lab managers, researchers, engineers and other skilled professionals. The company carries out its operations through four market segments, namely, Electronics, Materials Science, Life Sciences and Service and Components. Its electronics market segment consists of customers in semiconductor integrated circuit manufacturing and related industries such as manufacturers of data storage equipment and other technologies. The segment provides products for research and academic institutions. It also offers 3D wafer technology covering three core aspects such as problem analysis, detecting the cause for failure and restructuring the device. It concentrates on the semiconductor, data storage as well as associated industries such as manufacturers of light-emitting diodes and solar panels. It manufactures wafers using copper and low-k dielectric that spans 65 nanometers to 300 millimeters diameter. For the fiscal year ended December 31, 2012, the electronics segment generated revenues of USD 293.13m, an increase of 12.86% as compared to 2011. The segment contributed 32.9% of the company’s total revenues. FEI’s materials science segment provides an integrated set of solutions, which enable nano-level resolution images for product enhancement in universities, public and private research organizations. The segment includes universities, public and private research laboratories and customers, and also serves industries such as automobiles, forensics, aerospace, metals, mining and petrochemicals. These products are also useful for error analysis, root cause monitoring and quality control operations. For the fiscal year ended December 31, 2012, the Materials Science segment generated revenues of USD 315.502m, an increase of 8% as compared to 2011. The segment contributed to 35.4% of the company’s total revenues. The company’s life science segment provides solutions to universities, government laboratories and research institutes in pharmaceutical, biotech, medical devices and life sciences applications. Its ultrahigh resolution imaging allows structural biologists to create detailed 3D reconstructions of complex biological structures such as proteins and viruses. For the fiscal year ended December 31, 2012, the Life Sciences segment generated revenues of USD 82.86m, a decrease of 19.4% as compared to 2011. The segment contributed to 9.3% of the company’s total revenues. Its service and components segment provides individual and refurbished components including its related services such as installation and warranty services across all the geographic regions. For the fiscal year ended December 31, 2012, the Service and Components segment generated revenues of USD 200.2m, an increase of 16.54% as compared to 2011. The segment contributed to 22.4% of the company’s total revenues. The company has its manufacturing facilities located in Brno, Czech Republic, Eindhoven, The Netherlands and Munich. The plants deals with the assembling and the testing of manufactured products. FEI uses the facilities in Oregon and the Czech Republic for the fabrication of electron and ion source materials and manufacture related ingredients.FEI has reported expenses towards research and development, representing 9.39% of total revenue in 2012. The company distributes its products through different channels such as agents, distributors and representatives in 50 countries across the world.It conducts its operations through its wholly owned subsidiaries in various countries including the US, the Netherlands, Germany, Japan, China, Czech Republic, Hong Kong, Singapore, Italy, France, the UK and Canada.The company operates in three geographic regions, namely, the US and Canada, Europe including Central America, South America, Africa and the Middle East and Russia and Asia-Pacific Region. For the fiscal year ended December 31, 2012, Asia-Pacific region contributed to 39.8% of total revenues, followed by Europe 27.4% and the US and Canada region contributed to 32.7% of the company’s total revenues.In August 2013, the company eneterd into an agreement to acquire nanoTechnology Systems Pty. Ltd., a supplier of electron and ion beam microscopes,

FEI Company (FEI) is a supplier of scientific instruments for nanoscale applications. The company also supplies solutions for industry and science. It produces and distributes electron microscopes including transmission electron microscopes (TEM), scanning electron microscopes (SEM), focused ion beam tools (FIB) and DualBeam instruments that are used in nanoscale imaging. FEI carries out its operations through four market segments, namely, Electronics, Materials Science, Life Sciences and Service and Components. Its electronics market segment consists of customers in semiconductor integrated circuit manufacturing and related industries such as manufacturers of data storage equipment and other technologies. The company’s materials science segment provides an integrated set of solutions, which enable nano-level resolution images for product enhancement in universities, public and private research organizations. Its life science segment provides solutions to universities, government laboratories and research institutes in pharmaceutical, biotech, medical devices and life sciences applications. FEI’s service and components segment provides individual and refurbished components including its related services such as installation and warranty services. The company has operations in countries including the US, the Netherlands, Czech Republic, China and Japan. FEI is headquartered in Hillsboro, Oregon, the US.The company reported revenues of (U.S. Dollars) USD 891.74 million during the fiscal year ended December 2012, an increase of 7.90% over 2011. The operating profit of the company was USD 148.09 million during the fiscal year 2012, an increase of 16.56% over 2011. The net profit of the company was USD 114.92 million during the fiscal year 2012, an increase of 10.89% over 2011.

FEI (Nasdaq:FEIC) is a leading diversified scientific instruments company. It is a premier provider of electron and ion-beam microscopes and solutions for nanoscale applications globally and across many industries including materials science life sciences semiconductors data storage natural resources and more. With a history of over 60 years of technological innovation and leadership FEI has set the performance standard in transmission electron microscopes (TEM) scanning electron microscopes (SEM) and DualBeams which combine a SEM with a focused ion beam (FIB). FEI has over 2100 employees and sales and service operations in more than 50 countries around the world.

FEI Company's tools for Nanotech, featuring focused ion- and electron-beam technologies, deliver 3D characterization, analysis and modification capabilities with resolution down to the sub-Angstrom level. With research and development centers in North America and Europe, FEI is bringing the nanoscale within the grasp of leading researchers and manufacturers and helping scientific institutions throughout the world. The company operates sales and service operations in more the 40 countries throughout the world. The company is both a software developer and manufacturer of microscopes, and it provides full support on all software, and provides dedicated customer training and workshops. FEI's world headquarters campus is located in Hillsboro, Ore.

Product Codes

Product Code	Product Description
AUT-MT-S	Ion beam milling systems
MAN-EP-A	Electron beam equipment
MAN-EP-A	Ion beam equipment
PHO-OE-I	Field emitters
SOF-CS-C	Networking software
SOF-MA-P	Process control software
SOF-MA-TD	Data reduction software
SOF-UT-O	Data mining software
SUB-CL-EZ	Single crystal wire
SUB-EM-F	Precision magnetic manipulators
SUB-PC-A	Lanthanum hexaboride cathodes
TAM-SC-IC	Ion beam focusing equipment
TAM-SC-ISE	Ballistic electron emission spectrometry equipment
ZZZ-HC	Parent/Holding company

Brand/Trade Names
Fei Beam Technology - Electronic equipment	Fei - Electron tubes

Financial Data

Financials in:	USD(mil)
Revenue:	891.7
Net Income:	114.9
Assets:	1,234.2
Long Term Debt:	0.0
Total Liabilities:	394.3
Working Capital:	0.4
Date of Financial Data:	31-Dec-2012

1 Year Growth

7.9%

10.9%

13.2%

Market Data

Quote Symbol:	FEIC
Exchange:	NASDAQ
Currency:	USD
Stock Price:	88.8
Stock Price Date:	10-18-2013
52 Week Price Change %:	72.9
Market Value (mil):	3,708,732.0
SEDOL:	2355764
ISIN:	US30241L1098
Equity and Dept Distribution:
Common Stock no Par, 5/11, 70M auth., 38,690,000 issd. Insiders own 0.35%. 2/97, 9,728,807 shares issued in reverse acquisition with Philips Business Electronics. FY'00 Q's are restated due to accounting change.

Key Corporate Relationships

Auditor:	KPMG LLP
Bank:	Jpmorgan Chase Bank National Association, Denton Vaccum Llc, Wells Fargo Financial Leasing Inc
Auditor:	KPMG LLP

Additional Infomation
ABI Number:	502930936

FEI Company

The Strategic Initiatives report is created using technology to extract meaningful insights from analyst reports about a company's strategic projects and investments. More about Strategic Initiatives

Strategic Initiatives

Key Organizational Changes

Currency fluctuations improved Electronics gross margin in 2011 compared to 2010 by 1.3 percentage points. Materials Science The increase in Materials Science gross margin in 2012 compared to 2011 was primarily because our higher-margin natural resources products comprised a larger proportion of revenue for this segment and we realized materials cost savings on the TEM product line. The acquisition of VSG during the third quarter of 2012 also positively impacted margins for this segment. Further, we continue to realize some operational cost savings for our TEM product line resulting from manufacturing a higher percentage of products at our Brno, Czech Republic facility. As the move was substantially complete in the second quarter of 2011, the cost savings effect of the transfer is diminishing on a year-over-year comparison basis.

We would like to replicate that success as the leading provider of 'information from images' in the upstream oil and gas industry. Collaborating in the development of external resources, like this FEI-OU Pore Scale Characterization Laboratory, allows us to acquire a deeper understanding of the industry's challenges and our role in providing solutions." The collaboration agreement includes FEI's Helios NanoLab 650 DualBeam and QEMSCAN automated mineralogy tool. The DualBeam uses a scanning electron microscope (SEM), to provide high-resolution imaging, and a focused ion beam (FIB), to remove thin slices of the sample, allowing the reconstruction of a high-resolution 3D model of the pore network. The QEMSCAN combines SEM and X-ray spectrometry to automatically analyze mineral content, lithology (rock type), and various other petrographic characteristics.

Partnerships

The QEMSCAN combines SEM and X-ray spectrometry to automatically analyze mineral content, lithology (rock type), and various other petrographic characteristics. Sondergeld said, "The real challenge in this application is that we are measuring micrometers of the sample and trying to extrapolate the results to kilometers of resources. A key objective in our collaboration will be to link nano-scale observations to large-scale petrophysical parameters relevant to economic decision making in the exploration and development of shale gas reservoirs. This means imaging and analyzing the micro- and nano-scale structures with QEMSCAN and DualBeam technology and reconciling the results with conventional macroscopic measurement technologies, such as mercury injection, NMR, CT scanning, core fracturing studies and others, to build better reservoir models." Currently, predicting the potential value of tight gas discoveries is difficult.

Please note that the findings, conclusions and recommendations that GlobalData delivers will be based on information gathered in good faith from both primary and secondary sources, whose accuracy we are not always in a position to guarantee. As such GlobalData can accept no liability whatever for actions taken based on any information that may subsequently prove to be incorrect. Jun 06, 2013FEI And University Of Oklahoma Begin collaboration Research Agreement For Understanding And Developing Unconventional Oil And Gas ReservoirsFEI and University of Oklahoma (OU) commenced a research collaboration agreement to establish an oil and gas center of excellence, the 'FEI-OU Pore Scale Characterization Laboratory,' at the OU Mewborne School of Petroleum and Geological Engineering (MPGE). The research will focus on the development of routine quantitative methods to classify shales in the economic assessment of tight oil and gas plays.Through the collaboration FEI seeks to further develop its position as the leading supplier of high-resolution imaging solutions to the oil and gas industry by better defining and expanding its role in the characterization of unconventional reservoirs. Carl Sondergeld, professor at MPGE, said, "There has been tremendous growth in the development of oil and gas found in unconventional shale reservoirs.

As such GlobalData can accept no liability whatever for actions taken based on any information that may subsequently prove to be incorrect. Jun 06, 2013FEI And University Of Oklahoma Begin collaboration Research Agreement For Understanding And Developing Unconventional Oil And Gas ReservoirsFEI and University of Oklahoma (OU) commenced a research collaboration agreement to establish an oil and gas center of excellence, the 'FEI-OU Pore Scale Characterization Laboratory,' at the OU Mewborne School of Petroleum and Geological Engineering (MPGE). The research will focus on the development of routine quantitative methods to classify shales in the economic assessment of tight oil and gas plays.Through the collaboration FEI seeks to further develop its position as the leading supplier of high-resolution imaging solutions to the oil and gas industry by better defining and expanding its role in the characterization of unconventional reservoirs. Carl Sondergeld, professor at MPGE, said, "There has been tremendous growth in the development of oil and gas found in unconventional shale reservoirs. Unlike conventional reservoirs, the pores that hold the oil and gas in shales are very small and poorly connected--hence the term 'tight'.

Sales and Distribution

The increase in Life Sciences gross margin in 2011 compared to 2010 was primarily due to an increase in the number of high-end TEM units sold. This was partially offset by currency fluctuations which increased Life Sciences gross margin in 2011 compared to 2010 by 0.8 percentage points. Service and Components The increase in Service and Components gross margin in 2012 compared to 2011 was primarily due to increased sales, including sales from our Korean subsidiary resulting from the acquisition of certain assets of AP Tech, which occurred on July 9, 2012, and the more effective use of resources. Currency fluctuations impacted Service and Components gross margin by a 1.9 percentage point increase in 2012 compared to 2011 . The decrease in Service and Components gross margin in 2011 compared to 2010 was primarily due to an increase in employee incentive compensation.

The $28.2 million , or 37.9% , increase in Life Sciences sales in 2011 compared to 2010 was primarily due to an increase in the number of high-end TEM units sold during the period due in part to increased penetration in electron microscopy in Life Sciences research. Currency fluctuations increased Life Sciences sales by $4.1 million in 2011 compared to 2010 . Service and Components The $28.4 million , or 16.5% , increase in Service and Components sales in 2012 compared to 2011 was due primarily to a larger install base and the inclusion of service revenue for our ASPEX product line as well as service revenue from our Korean subsidiary resulting from the acquisition of certain assets of AP Tech, which occurred on July 9, 2012. This was partially offset by currency fluctuations which decreased Service and Components sales by $4.8 million in 2012 compared to 2011 . The $17.4 million , or 11.3% , increase in Service and Components sales in 2011 compared to 2010 was due primarily to a larger install base and improved market conditions in the semiconductor industry, which contributed to an increase in service contracts.

FEI Co

Credit Report as of 08/01/2013

Location
5350 NE Dawson Creek Dr Hillsboro, OR 97124-5793 United States
County:	Washington
MSA:	Portland, OR
Phone:	503-726-7500
Fax:	503-726-2570
URL:	http://fei.com
ABI^©:	502930936
Annual Sales:	$891,738,000 (USD)
Employees:	2,518
Facility Size(ft^2):	40,000+
Business Type:	Public
Location Type:	Headquarter
Ticker:	FEIC
Exchange:	NASDAQ

Primary Line of Business:
SIC:	3826-98 - Laboratory Analytical Instruments (Mfrs)
NAICS:	334516 - Analytical Laboratory Instrument Mfg
Secondary Lines of Business:
SICs:	3559-34 - Semiconductor Manufacturing Equip (Mfrs)
	5063-36 - Electronic Instruments (Whls)
	8742-13 - Marketing Programs & Services
	9999-66 - Federal Government Contractors
NAICS:	423610 - Electric Equip & Wiring Merchant Whols
	541613 - Marketing Consulting Svcs
	333298 - All Other Industrial Machinery Mfg
Years in InfoUSA Database:	10+

Table of Contents
Profile Links Similar Businesses in the Area Closest Neighbors Disclaimer	External Links http://fei.com OneSource Company Profile Stock Quote (FEIC)

Similar Businesses in the Area *
Brooks Rand Labs LLC 3958 6th Ave NW Ste: 4 Seattle, WA 98107-5058	Chemchek Instruments Inc 1845 Terminal Dr Ste: 101 Richland, WA 99354-4959	Decagon Devices Inc 2365 NE Hopkins Ct Pullman, WA 99163-5601
Mc Allister Technical Services 280 W Prairie Ave Coeur D Alene, ID 83815-9420	Fluke Biomedical 6920 Seaway Blvd Everett, WA 98203-5829	OEM Inc 1555 SE Crystal Lake Dr Corvallis, OR 97333-1201
Upchurch Scientific Inc 619 Oak St Oak Harbor, WA 98277-3552	Shimadzu USA Manufacturing Inc 1900 SE 4th Ave Canby, OR 97013-4348	Amber Science Inc 277 Blair Blvd Eugene, OR 97402-4147
Lighthouse Worldwide Solutions 1221 Disk Dr Medford, OR 97501-6638

*	Similar Businesses are defined as the closest businesses sharing the same six-digit primary SIC code ( 3826-98 - Laboratory Analytical Instruments (Mfrs)) regardless of size.

Closest Neighbors
Larkspur Landing Hotel 3133 NE Shute Rd Hillsboro, OR 97124-5881	Radisys Corp 5435 NE Dawson Creek Dr Hillsboro, OR 97124-5797	Metro West Ambulance 5475 NE Dawson Creek Dr Hillsboro, OR 97124-5797
Jireh Semiconductor 3131 NE Brookwood Pkwy Hillsboro, OR 97124-5303

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Corporate Family	Corporate Structure News:
	FEI Company
FEI Company Total Corporate Family Members: 19

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
FEI Company	Parent	Hillsboro, OR	United States	Electromedical and Control Instruments Manufacturing	891.7	2,444
FEI Electron Optics International B.V.	Subsidiary	Eindhoven	Netherlands	Machinery and Equipment Manufacturing		700
Fei UK Ltd.	Subsidiary	Cambridge	United Kingdom	Miscellaneous Repair and Maintenance	31.2	37
Fei Cpd B.V.	Subsidiary	Eindhoven, Noord-Brabant	Netherlands	Pensions and Funds
Fei Electron Optics B.V.	Subsidiary	Eindhoven, Noord-Brabant	Netherlands	Machinery and Equipment Manufacturing	235.2	400
Fei Europe B.V.	Subsidiary	Eindhoven, Noord-Brabant	Netherlands	Electronics Wholesale	171.0	400
FEI Global Holdings C.V.	Subsidiary	Eindhoven	Netherlands	Investment Services		700
FEI Czech Republic s.r.o.	Subsidiary	Brno	Czech Republic	Electromedical and Control Instruments Manufacturing		500
FEI Company Japan Ltd.	Subsidiary	Tokyo	Japan	Machinery and Equipment Manufacturing		70
FEI Asia Pacific	Subsidiary	Shanghai, Pudong	China	Machinery and Equipment Manufacturing		50
ASPEX Corporation	Subsidiary	Delmont, PA	United States	Machinery and Equipment Manufacturing		40
FEI Company of USA (S.E.A.) Pte. Ltd.	Subsidiary	Singapore	Singapore	Machinery and Equipment Manufacturing		40
Visualization Sciences Group SAS	Subsidiary	Merignac	France	Software	7.1	34
Visualization Sciences Group, Inc.	Subsidiary	Burlington, MA	United States	Software	0.6	90
FEI France SAS	Subsidiary	Lyon	France	Machinery and Equipment Manufacturing	28.2	32
FEI Deutschland GmbH	Subsidiary	Frankfurt Am Main, Hessen	Germany	Machinery and Equipment Manufacturing	55.4	27
Fei Italia SRL	Subsidiary	Milano	Italy	Machinery and Equipment Manufacturing	12.7	15
nanoTechnology Systems	Subsidiary	Greensborough, VIC	Australia	Miscellaneous Wholesale	2.1	7
FEI Technology de Mexico S.A. de C.V.	Subsidiary	Monterrey, Nuevo Leon	Mexico	Electromedical and Control Instruments Manufacturing

FEI Company

Competitors Report

CompanyName	Location	Employees	Ownership
CANON INC.	Ohta-Ku, Suzhou, Japan	196,968	Public
Carl Zeiss AG	Oberkochen, Germany	24,326	Private
Hitachi High-Technologies Corporation	Minato-Ku, Japan	10,436	Public
Hitachi, Ltd.	Chiyoda-Ku, Japan	326,240	Public
JEOL Ltd.	Akishima-Shi, Japan	2,742	Public
Xerox Corporation	Norwalk, Connecticut, United States	142,300	Public

FEI Company Hillsboro, Oregon, United States, Tel: 503-726-7500, URL: http://www.fei.com, Executives Page

Executives Report

Board of Directors

Name	Title	Function
Thomas F. Kelly	Independent Chairman of the Board	Chairman
Biography: Dr. Thomas F. Kelly,Ph.D., serves as an Independent Chairman of the Board of FEI Co. He has served on the Board since 2003, and as the Chairman of the Board since May 2012. He currently works with Trident Capital, a venture capital and private equity firm focused on software, health care, information technologies and clean technologies. He recently joined the board of Fabrinet, a provider of precision optical, electro-mechanical and electronic manufacturing services. He served as a director of Epicor Software Corporation, an enterprise software company, from January 2000 until January 2009. From February 2008 to January 2009, Dr. Kelly also served as President and Chief Executive Officer of Epicor. From June 2006 until February 2008, Dr. Kelly served as Chief Executive Officer and President of MontaVista Software. He also chaired the board of that group from June 2006 until December 2009. Dr. Kelly was President and Chief Executive Officer of Encentuate, Inc., an enterprise software company in 2006. From September 2004 until December 2005, Dr. Kelly was an entrepreneur-in-residence with Trident Capital. From January 2001 to September 2004, Dr. Kelly was Chairman and Chief Executive Officer of BlueStar Solutions, Inc. From July 1998 through December 2000, Dr. Kelly was Chairman and Chief Executive Officer of Blaze Software, Inc., a provider of rules-based e-business software that enabled personalized interaction across an enterprise's electronic contact points. From March 1996 through March 1998, Dr. Kelly was employed at Cirrus Logic, Inc, as Executive Vice President and Chief Financial Officer, and then subsequently as Chief Operating Officer. Dr. Kelly held executive roles at Frame Technology Corporation, which was acquired by Adobe Systems, and also served as Chief Financial Officer at Cadence Design Systems. Dr. Kelly holds a B.S. degree in Economics from Santa Clara University. Age: 59 Education: Santa Clara University, BS (Economics)
Homa Bahrami View Email	Independent Director	Director/Board Member
Biography: Dr. Homa Bahrami serves as an Independent Director of FEI Co. Dr. Bahrami is currently a Senior Lecturer at the Haas School of Business, University of California, Berkeley. She is also a Faculty Director of the Center for Executive Education and a Board Member of the Center for Teaching Excellence; both programs of Haas School where she had served on the faculty since 1986. Dr. Bharami is widely published in the area of organizational design, as well as organizational development challenges and trends in the high technology sector. Dr. Bahrami served as a director of FormFactor, Inc. from December 2004 through December 2010. She joined the board of directors of Fabrinet in August 2012. She received a B.A. degree with honors in Sociology & Social Administration from Hull University and an M.S. in Industrial Administration and a Ph.D. in Organizational Behavior from Aston University in the United Kingdom. She has served as a director of FEI since February 2012. Age: 57 Education: Aston University, PHD (Organizational Behavior) Aston University, MS (Industrial Administration) Hull University, BA (Sociology)
Arie Huijser	Independent Director	Director/Board Member	Reuters
Biography: Dr. Arie Huijser serves as an Independent Director of FEI Co. At the time of his retirement from Philips in 2006, Dr. Huijser was an Executive Vice President of Philips, its Chief Technology Officer and a member of its Management Board. In addition, he has a understanding of FEI based on his service from 2007 to 2011 on the Supervisory Board of Dutch subsidiary. Dr. Huijser started his career at Philips in 1970 and held various positions in the Research Laboratories before becoming Chief Technology Officer for the consumer electronics division in 1991. He held several senior technology roles in various parts of Philips, including roles in the television division, the Philips Multimedia Center and the semiconductor group. While serving at Philips, Dr. Huijser was influential in the development of the recordable compact disc and in optical lithography, which led to the founding of ASML Holding N.V., the global semiconductor equipment manufacturer. Dr. Huijser holds a Bachelor of Science degree and Masters degree, both in Technical Physics from Eindhoven Technical University and a Ph.D. in Applied Physics from the University of Twente in the Netherlands. Age: 66 Education: Universiteit Twente, PHD (Applied Physics) Eindhoven University of Technology, M Eindhoven University of Technology, BS
Don R. Kania View Email	President, Chief Executive Officer, Director	Director/Board Member	Reuters
Biography: Dr. Don R. Kania, Ph.D., serves as President, Chief Executive Officer, Director of FEI Co. Prior to coming to FEI, Dr. Kania held successively senior positions at Veeco Instruments Inc., a provider of metrology and process equipment solutions used by manufacturers in the data storage, semiconductor, wireless, lighting and solar industries. From July 2004 to July 2006, Dr. Kania was President and Chief Operating Officer of Veeco. From March 2003 to July 2004, Dr. Kania was President of that company. Prior to that, he was a Vice President and General Manager of Veeco's Metrology Group, and before that, Chief Technology Officer. Dr. Kania was heavily involved in Veeco's operations as well as mergers and acquisitions. In the early 1990's, Dr. Kania was also a Research Director at Crystallume, a manufacturer of thin film diamond coatings and a customer of FEI. Before that, he worked as a researcher in the U.S. Department of Energy's Los Alamos and Lawrence Livermore National Laboratories. Through these activities, Dr. Kania has gained an understanding of the needs of FEI's customers in the research market segment, which allows him to offer unique insights to the Board. Dr. Kania is on the Board of Trustees of the Oregon Health & Science University Foundation; on the Board of Trustees of Pacific University; on the North American Board of Directors of SEMI, a global industry association serving the manufacturing supply chains for the microelectronic, display and photovoltaic industries; and on the board of directors of American Science & Engineering, Inc., which designs state-of-the-art x-ray imaging tools for security screening. He holds B.S., M.S. and Ph.D. degrees in Physics and Engineering from the University of Michigan. Age: 58 Education: University of Michigan, PHD (Physics) University of Michigan, MS (Physics) University of Michigan, BS (Physics) Compensation/Salary:$657,849 Compensation Currency: USD
Jan C. Lobbezoo	Independent Director	Director/Board Member
Biography: Mr. Jan C. Lobbezoo serves as an Independent Director of FEI Co. He has served as a director of FEI since July 1999. Until December 2006, Mr. Lobbezoo was the Executive Vice President of Philips International B.V., with responsibility for financial oversight of several minority shareholdings of Philips and its affiliates. From May 1994 to September 2005, Mr. Lobbezoo was Executive Vice President and CFO of Philips Semiconductors International B.V. (now NXP Semiconductors). He joined Philips in 1970 and has served in a number of finance and control positions in Nigeria, South Africa and Scandinavia, as well as in the Netherlands. Mr. Lobbezoo is on the supervisory board of TMC B.V., a Dutch high-technology secondment services company, quoted on Amsterdam Alternext Stock Exchange. He is also a member of the Supervisory Board and Chairman of the Audit Committee of ASM International NV, a company which manufactures equipment and materials used to produce semiconductor devices, quoted on Euronext Amsterdam and NASDAQ stock exchanges. He was a member of the board of Taiwan Semiconductor Manufacturing Company (TSMC) for 12 years until 2007, and remains its advisor, specifically in the areas of U.S. corporate governance, international reporting and financial review. Mr. Lobbezoo holds an M.A. degree in Business Economics from Erasmus University in Rotterdam, the Netherlands, and is a member of the Dutch Institute of Chartered Accountants (NIVRA). Age: 67 Education: Erasmus Universiteit Rotterdam, M (Business Economics)
Jami Dover Nachtsheim	Independent Director	Director/Board Member
Biography: Ms. Jami K. Nachtsheim serves as an Independent Director of FEI Co. Ms. Nachtsheim has served as a director of FEI since February 2012. Ms. Nachtsheim was a member of the board of directors of Southwall Technologies from March 2003 to November 2011. Ms. Nachtsheim also serves as a director of Affymetrix, a provider of scalable, innovative genomic analysis tolls and reagents. Ms. Nachtsheim holds a B.A. degree in Business Management from Arizona State University. Age: 54 Education: Arizona State University, BA (Business Management)
Gerhard H. Parker View Email	Independent Director	Director/Board Member
Biography: Dr. Gerhard H. Parker serves as an Independent Director of FEI Co. He has served as a director of FEI since July 2001 and served as the Chairman of the Board from May 2009 to May 2012. Dr. Parker began his work in the semiconductor industry in 1969 at Intel and held successively senior positions with Intel until his retirement in 2001 as Executive Vice President of New Business Development. From 1991 to 1998, he was General Manager of the Manufacturing and Technology Group, where his responsibilities included technology development, systems manufacturing, components manufacturing and support functions at Intel. Before that, Dr. Parker was Director of Quality Assurance and was responsible for establishing quality control and reliability engineering functions within the manufacturing operations. Dr. Parker is also a member of the board of Lattice Semiconductor Corporation. His service on other boards enables him to offer unique perspectives on strategy and governance to FEI. Mr. Parker holds B.S., M.S. and Ph.D. degrees in Electrical Engineering from the California Institute of Technology. Age: 69 Education: California Institute of Technology, PHD California Institute of Technology, MS (Electrical Engineering) California Institute of Technology, BS (Electrical Engineering)
James T. Richardson View Email	Independent Director	Director/Board Member	Reuters NP*
Biography: Mr. James T. Richardson serves as an Independent Director of FEI Co. He has served as a director of FEI since July 2003 and the Chairman of the Board from August 2006 to May 2009. Mr. Richardson served as Senior Vice President and Chief Financial Officer of the website analytics software firm, WebTrends Corporation, from July 1998 to May 2001. Prior to that, Mr. Richardson served from April 1994 to December 1998 as Senior Vice President of Corporate Operations and Chief Financial Officer of Network General, a security software company that merged with McAfee Associates Inc. in December 1997 to form Network Associates. Before Network General, from July 1992 to March 1994, Mr. Richardson served as Vice President of Finance and Administration and Chief Financial Officer of Logic Modeling Corporation, which merged with Synopsys Inc. in February 1994. Prior to that, he served as Vice President of Finance and Administration, Chief Financial Officer, Treasurer and Secretary of Advanced Logic Research from November 1989 to July 1992. ALR was a personal computer manufacturer. From 1977 to 1989, Mr. Richardson served in various positions with Floating Point Systems Inc., rising to the position of Vice President of Finance and Administration and Chief Financial Officer. Mr. Richardson currently serves as lead independent director of the board of directors of Digimarc Corporation, a supplier of secure personal identification systems. Mr. Richardson received a B.A. degree in Finance and Accounting from Lewis & Clark College, an M.B.A. degree from the University of Portland and a J.D. degree from Lewis & Clark Law School. Age: 65 Education: Lewis & Clark College, JD University of Portland, MBA Lewis & Clark College, BA (Finance and Accounting)
Richard H. Wills View Email	Independent Director	Director/Board Member
Biography: Mr. Richard H. Wills serves as an Independent Director of FEI Co. Mr. Wills joined Tektronix, an Oregon based company, in 1979 and held a variety of positions, including key international roles, during his tenure there. In 1993 and 1994, he held the position of Worldwide Director of Marketing for the Measurement Business Division. During these years, his team started building a foundation for more global marketing. His team established marketing centers in Europe, the Pacific and the U.S., and improved linkages with Japan and the rest of the world. In 1997, he was named President of European Operations, where he was responsible for all European activities, including sales, marketing, manufacturing and logistics. Mr. Wills moved to the European post from his role as the company's President of the Americas Operations, one of the three operational units established by Tektronix to accelerate growth in key international markets. In January 2000, he was named President and Chief Executive Officer of the company and was elected to its board of directors. In September 2001, he was elected Chairman of the Board. Tektronix was acquired by Danaher Corporation. Mr. Wills remained Chairman of Tektronix until June 2008. Prior to joining Tektronix, Mr. Wills spent six years in the U.S. Air Force in various assignments in the United States and Europe. Mr. Wills holds a degree in Computer Systems from Linfield College and an M.B.A. from the University of Oregon. Age: 58 Education: University of Oregon, MBA Linfield College

Executives

Name	Title	Function
Don R. Kania View Email	President, Chief Executive Officer, Director	Chief Executive Officer
Biography: Dr. Don R. Kania, Ph.D., serves as President, Chief Executive Officer, Director of FEI Co. Prior to coming to FEI, Dr. Kania held successively senior positions at Veeco Instruments Inc., a provider of metrology and process equipment solutions used by manufacturers in the data storage, semiconductor, wireless, lighting and solar industries. From July 2004 to July 2006, Dr. Kania was President and Chief Operating Officer of Veeco. From March 2003 to July 2004, Dr. Kania was President of that company. Prior to that, he was a Vice President and General Manager of Veeco's Metrology Group, and before that, Chief Technology Officer. Dr. Kania was heavily involved in Veeco's operations as well as mergers and acquisitions. In the early 1990's, Dr. Kania was also a Research Director at Crystallume, a manufacturer of thin film diamond coatings and a customer of FEI. Before that, he worked as a researcher in the U.S. Department of Energy's Los Alamos and Lawrence Livermore National Laboratories. Through these activities, Dr. Kania has gained an understanding of the needs of FEI's customers in the research market segment, which allows him to offer unique insights to the Board. Dr. Kania is on the Board of Trustees of the Oregon Health & Science University Foundation; on the Board of Trustees of Pacific University; on the North American Board of Directors of SEMI, a global industry association serving the manufacturing supply chains for the microelectronic, display and photovoltaic industries; and on the board of directors of American Science & Engineering, Inc., which designs state-of-the-art x-ray imaging tools for security screening. He holds B.S., M.S. and Ph.D. degrees in Physics and Engineering from the University of Michigan. Age: 58 Education: University of Michigan, PHD (Physics) University of Michigan, MS (Physics) University of Michigan, BS (Physics) Compensation/Salary:$657,849 Compensation Currency: USD
Dominique Hubert	General Manager Life Sciences	Division Head Executive	OSWM
Biography: Dominique was named Vice President of the Life Sciences division in September 2009 having beeen Vice President of the Research market division since August 2007. He has been with FEI for 8 years. Prior to this role he held several specialist commercial and managerial positions within FEI including managing the Nanoport in Eindhoven for FEI from 2001-2005. His educational background includes a Ph.D. in Material Science and a Masters degree in Chemical Engineering from the Technical University of Eindhoven and a Masters degree in Chemistry from the University of Nijmegen. Education: Technical University of Eindhoven, Masters (Chemical Engineering) Technical University of Eindhoven, PhD (Material Science) University of Nijmegen, Masters (Chemistry)
Riikka Anttila View Email	Executive Manager	Senior Management (General)	NetProspex*
Raymond A. Link View Email	Chief Financial Officer, Executive Vice President	Senior Management (General)	Reuters NP*
Biography: Mr. Raymond A. Link serves as Chief Financial Officer, Executive Vice President of FEI Co. He was named Executive Vice President and Chief Financial Officer in July 2005. From April 2007 to August 2007, he served as interim President and Chief Financial Officer. From July 2001 until joining FEI, Mr. Link served as Vice President, Finance and Administration, Chief Financial Officer and Secretary of TriQuint Semiconductor, Inc. Mr. Link joined TriQuint as a result of its merger with Sawtek Inc., a designer and manufacturer of a broad range of electronic signal processing components primarily used in the wireless communications industry. He started with Sawtek in September 1995 as Vice President, Finance and Chief Financial Officer and was promoted to Senior Vice President and Chief Financial Officer in October 1999. Mr. Link is on the board of directors of Cascade Microtech, Inc., a manufacturer of test equipment for the semiconductor industry. Mr. Link received a B.S. degree from the State University of New York at Buffalo and an M.B.A. degree from the Wharton School at the University of Pennsylvania. Mr. Link is also a C.P.A. Age: 59 Education: The Wharton School of the University of Pennsylvania, MBA State University of New York at Buffalo, BS Compensation/Salary:$358,611 Compensation Currency: USD
Stephen F Loughlin	Vice President, Finance Executive	Senior Management (General)
Education: Boston College, BS (Accounting)
David Narum	Chief Information Officer / Chief Technology Officer, Vice President	Senior Management (General)
Education: St. Olaf College, BA (Physics) Stanford University, PhD University of Minnesota, MSEE
Trish Neylon View Email	Vice President	Senior Management (General)
Paul Scagnetti View Email	Vice President	Senior Management (General)
Biography: Paul was named Vice President and General Manager of the Natural Resources Market Division in August 2007. The division has a particular focus on solutions for mining oil & gas and forensics. He has been with FEI for six years. Prior to his present position he was FEIs Director of Strategic Planning and Corporate Development. Before FEI he was with Intel Corporation for six years where he served in marketing and general management roles within the New Business Investments Group (part of Intel Capital) and in process development engineering. He holds an MBA from the University of Oregon and a Ph.D. in mechanical engineering from the Massachusetts Institute of Technology. Education: Massachusetts Institute of Technology, PhD (Mechanical Engineering) University of Oregon, MBA
George D Scholes	Vice President	Senior Management (General)	OSWM
Biography: George was appointed Vice President and general manager of the Research Division in 2010. Prior to that he had been Vice Presidient of North American Sales for over 4 years. From 2003 to 2005 he was in charge of the Transmission Electron Microscope product line. Prior to that he was the Sales Director in North America for Electron Optics Products. Previously he was an Account Manager from 1992. His FEI employment began in 1981 as a Field Service Engineer. He received technical training in the US military.
Tom Baertlein View Email	Vice President Sales & Service Operations	Operations Executive
Alan Cline View Email	Sales and Service Operations Analyst	Operations Executive
Hein Gijsbers	Vice President Global Operations	Operations Executive
Biography: Hein joined FEI in 2011 and leads Manufacturing Sourcing Information Technology Facilities and Production Engineering. Prior to joining FEI he was with Philips for over 25 years mmanaging advanced supply chain and manufacturing teams in Asia Europe and the U.S. His most recent assignment was Senior Vice President Commercial Operations at Philips Healthcare. He holds a degree in Electronics.
Albert Hessels View Email	Director Information Technology Operations	Operations Executive
Melissa King View Email	Sales and Service Operations Analyst	Operations Executive
Benjamin G. Loh View Email	Chief Operating Officer, Executive Vice President	Operations Executive
Biography: Mr. Benjamin G. Loh serves as Chief Operating Officer, Executive Vice President of FEI Co. He joined the company as Executive Vice President, Worldwide Sales and Service in August 2007 and became Executive Vice President, Global Business Operations in February of 2011. Prior to that, Mr. Loh was Executive Vice President, Global Field Operations at Veeco Instruments Inc., since December 2006. Prior thereto, he was Senior Vice President and General Manager for Veeco's Asia-Pacific region from December 2005 to November 2006. Prior to joining Veeco, Mr. Loh was Senior Vice President, Asia of Unaxis Corporation from April 1996 to October 2005. Mr. Loh was also a director of Schneeberger Holding AG from September 2008 to December 2011. Mr. Loh holds a B.S.E.E. degree from Tohoku University. Age: 50 Education: Tohoku University, BS (Electrical Engineering) Compensation/Salary:$407,476 Compensation Currency: USD
Jeanne Pfluke View Email	North American Sales & Service Operations Analyst	Operations Executive
Sam Weathers View Email	North America Sales and Service Operations Analyst	Operations Executive
Tony Defrancesco View Email	Administrator, Is Help Desk	Administration Executive
Bradley J. Thies View Email	Senior Vice President, General Counsel, Secretary	Company Secretary
Biography: Mr. Bradley J. Thies serves as Senior Vice President, General Counsel, Secretary of FEI Co. He rejoined the company as Vice President, General Counsel and Secretary in April 2001. Mr. Thies was promoted to Senior Vice President in September 2011 and retained the titles of General Counsel and Secretary. Mr. Thies had previously served as General Counsel and Secretary from February 1999 to April 2000. From April 2000 to April 2001, Mr. Thies was General Counsel of WebTrends Corporation, an enterprise website monitoring and analytics software company. Mr. Thies holds a B.A. degree in Political Science and History from Willamette University and a J.D. degree from Columbia Law School. Age: 52 Education: Columbia University, JD Willamette University, BA (Political Science and History) Compensation/Salary:$302,538 Compensation Currency: USD
Scott Huber View Email	Wpo Specialty Finance	Finance Executive
Fletcher Chamberlin View Email	Treasurer, Investor Relations Director	Treasurer
David Dugan View Email	Controller	Controller
Rick Murphy View Email	Controller	Controller
Carrie Mantel View Email	Global Comp and Benefits Manager	Benefits & Compensation Executive
Timothy Ashcroft View Email	Vice President Of Human Resources	Human Resources Executive
Biography: Timothy Ashcroft serves as corporate vice president of human resources for ViewSonic Corp. In this role he will be responsible for all human resources (HR) policies and programs for the company including organizational planning employee development and benefits. Ashcroft has more than 20 years of global HR experience including eight years as vice president of HR at QLogic Corp. During his tenure at this semiconductor company he oversaw all aspects of HR and managed a team of 12. By focusing on employment and retention Ashcroft supported the companys substantial revenue growth from $54 million to more than $500 million. He has also held senior HR positions at EDP Contract Services AST Computer Inc. and Teradata Corp. Ashcroft received a certificate in HR from the University of California Los Angeles and is a graduate of Buckinghamshire College of Higher Education in the United Kingdom where he received a bachelors degree in Business and Finance. Education: Buckinghamshire College of Higher Education, bachelor's (Business And Finance) University of California , Los Angeles, bachelor's (Business And Finance)
Maureen Barber View Email	Human Resources Director	Human Resources Executive
Leigh Estra View Email	Talent Acquisition Manager	Human Resources Executive
Desirae Gouger View Email	Human Resources Specialist	Human Resources Executive
Mieke Knoop View Email	Human Resources Specialist	Human Resources Executive
Julie Mcdiarmid View Email	Hris Manager	Human Resources Executive
Neerja Tannan View Email	Manager of Human Resources	Human Resources Executive
Anneke Verschuren View Email	Senior Human Resources Director	Human Resources Executive
Amy Wheatcroft View Email	Manager, Hris	Human Resources Executive
Ove Thompson View Email	Esem Trainer Fei Corporation	Training Executive
Mike Kearney View Email	Director-Service	Customer Service Executive
Matthew Abbene View Email	Vice President North American Sales	Sales Executive
Biography: Matt was named Vice President of North American Sales and Service in 2010. Prior to that he had been Vice President of Global Electronics Sales. Before joining FEI in 2005 he was with Veeco Instruments for nine years where his latest position was as general manager of ion beam deposition and ion beam source vacuum equipment. Prior to that he was with Teledyne Analystical Baird Corporation and GTE. He holds a B.S. in metallurgical engineering from Michigan Technical University. Education: Michigan Technical University, BS (Metallurgical Engineering)
Steve Gazda View Email	Account Executive	Sales Executive
L Mendoza View Email	Area Sales Manager	Sales Executive
Gagnier Rob View Email	Sales Manager	Sales Executive
Len Chamberlain View Email	Manager, International Trade Compliance	International Executive
Troy Farwell View Email	Director Worldwide Quality	International Executive
Jim Fetterman	Vice President Of Worldwide Service	International Executive
Biography: FEI hired Jim Fetterman as the Vice President of WW Service October 2008. Jim comes to FEI with a distinguished track record spanning 35 years managing Service with companies such as General Electric KLA-Tencor and Varian Medical Systems. Jim has experience in an extensive range of service roles.
Alan Butcher View Email	Manager Natural Resources Strategic Marketing	Marketing Executive
Werner Hax View Email	Marketing Manager	Marketing Executive
Andree Kraker View Email	Marketing Program Manager, Research Business Unit	Marketing Executive
Jan Stoughton View Email	Marketing	Marketing Executive
Heidi Turner	Marketing	Marketing Executive
John Williams View Email	Vice President, Corporate and Strategic Marketing	Marketing Executive
Olivia Robinson View Email	Publications Manager Communications De...	Corporate Communications Executive
Charlotte Gunnink View Email	Press Officer	Public Relations Executive
Tracie Simpson View Email	Director, Fei Media Relations	Public Relations Executive
Nathan Beste	Systems Analyst	Information Executive
Terry Cartwright	Information Technology	Information Executive
Larry Dworkin View Email	Product Marketing Manager For Full Wafer Systems	Information Executive
Nicole Rachlin View Email	IT Infrastructure	Information Executive
Jan Slavik View Email	Information Technology	Information Executive
Ashok Swaminathan View Email	Information Technology Management: Technical Consultant	Information Executive
Reinier Warschauer View Email	Manager Information Systems Management	Information Executive
Abhijit Barve View Email	Director, Ww Erp Applications	Engineering/Technical Executive
Mark Brown View Email	Director Software Engineering (Fpd)	Engineering/Technical Executive
Alex Buxbaum View Email	Senior Engineer	Engineering/Technical Executive
Gerhard Daniel View Email	Software Engineer	Engineering/Technical Executive
Richard Gursky View Email	Senior Application Engineer	Engineering/Technical Executive
Frank Jong View Email	Director, Research and Technology	Engineering/Technical Executive
Dean Killion	Senior Product Engineer	Engineering/Technical Executive
Rufus Knapp View Email	Engineer	Engineering/Technical Executive
Neal Landreville View Email	Mechnical Engineer Ii	Engineering/Technical Executive
Cliff Mathisen View Email	Applications Engineer	Engineering/Technical Executive
Michael Scheinfein	Chief Technology Officer	Engineering/Technical Executive
Biography: Mike was named Vice President Business Development and Chief Technology Officer in July 2007. For 6 years prior to that he worked as a consultant. His clients located throughout North America and Europe included major capital equipment manufacturers venture capital and private equity firms investment banks and small high-technology start-up companies. Before that he was director of U.S. research at FEI from 2000 to 2001. Previously he held the tier-I NSERC Research Chair in Nanomagnetism/Physics at Simon Fraser University in Burnaby BC and he was Professor of Physics at Arizona State University in Tempe AZ. He also runs his own small software company LLG Micromagnetics Simulator. Mike has a B.S. from Massachusetts Institute of Technology and a M.S. & Ph.D. from Cornell University. Education: Cornell University, Doctorate (Applied Physics) MIT, BS (Physics)
Joshua Stein View Email	Senior Software Engineer	Engineering/Technical Executive
Stacey Stone View Email	Applications Development Manager	Engineering/Technical Executive
Marcus Straw View Email	Engineer	Engineering/Technical Executive
Petr Strelec View Email	Director of World Wide Product Engineer	Engineering/Technical Executive
Brandon Van Leer	Senior Applications Engineer	Engineering/Technical Executive
Greg Wilhelm View Email	Product Engineer	Engineering/Technical Executive
Eric Wilson View Email	Senior Software Engineer	Engineering/Technical Executive
Steve Abel View Email	Manager Product Quality Assurance	Product Management Executive
Peter Carleson View Email	Manager	Product Management Executive
Daniel Phifer View Email	Product Marketing Manager	Product Management Executive
Todd Templeton View Email	Product Marketing Manager	Product Management Executive
Gerard A Abraham	Vice President Business Development	Business Development Executive
Biography: Gerard joined FEI in his present position in 2010. Prior to recent work with SFW Capital Partners he was Division President with SYMYX a combinatorial chemistry and materials science company. He was with Thermo Fisher Corporation for 18 years in multiple roles and locations worldwide starting as General Manager and Operations Manager in their Applied Research Labs and culminating as President of several business units. He also has held senior operations and engineering positions with other global companies including IBM and HP. He has a BA in General Management from the Business University Paris France. He also holds an Engineering degree in Optics/Physics from the Engineering School of Optics Paris.
Christian Osterode View Email	Commercial Manager and Project Leader	Commercial Executive
Claire Philpott View Email	Attorney	Legal Executive
Ana Contreras View Email	Manufacturing Specialist	Manufacturing Executive
David Christiansen View Email	Service Logistics Contractor	Logistics Executive
Barbara Smith View Email	Asia Logistics Manager	Logistics Executive
Bruce Nelson	Senior Buyer, Planner	Merchandise Management Executive
Carl Boukaert View Email	Eventing Committee Riders Representative	Meeting/Travel Planner
Peter Harper View Email	Travel Manager	Meeting/Travel Planner
Roger Ackerson View Email	Director, Manager, Department Head	Other
Rosalie Berne View Email	Manager, Service North America	Other
Aidan Boyce View Email	Manager, Service Delivery Improvement	Other
Jacqueline Braissant View Email	Director of The Development Department	Other
Ty Campsey View Email	Senior Service Manager	Other
Graeme Cooke View Email	Veterinary Director	Other
Gerrit Van Der Beek	Acht Site Manager	Other
Biography: Gerrit joined FEI in January 2011. He was previously Vice President Supply Management for Imaging Systems at Philips Healthcare Systems. In addition to several other supply chain management assignments he was Senior Director and General Development Manager of Philips Mobile Display Systems and Director and Development Manager with Philips Components. He began his Philips career as a research scientist in Aachen Germany. He has a degree in Chemistry from the University of Netherlands in Utrecht and a Ph.D. from the Wageningen Agricultural University the Netherlands.
Judy Green View Email	Project Manager	Other
Doug Hahn View Email	Manager	Other
Craig Henry View Email	Manager	Other
Rudy Kellner View Email	Head Industry Group	Other
Biography: Rudy was named Vice President and General Manager of the Electronics business unit in 2009. He joined FEI in 2003 and has served as director of the data storage business unit since 2007. Prior to FEI he was a product manager at Electro Scientific Industries. He holds a BS in Computer Science and an MBA from Rensselear Polytechnic Institute. Education: Rensselear Polytechnic Institute, BS (Computer Science) Rensselear Polytechnic Institute, MBA
Trevor Morgan View Email	Service Supervisor	Other
Deborah Riplinger View Email	Coordinator	Other
Sarah Saucy View Email	Learning and Development Coordinator	Other
Anne Shurtleff View Email	Material Specialist	Other
Kevin Vincent View Email	Program Manager	Other

FEI Company

Significant Developments

FEI Co Announces Quarterly Cash Dividend of $0.12 Per Share Sep 12, 2013 FEI Co announced that its board of directors has approved payment of a quarterly dividend of $0.12 per share of common stock. The dividend will be paid on October 22, 2013 to shareholders of record as of the close of business on October 9, 2013. FEI Co To Buy Its Australian Distributor nanoTechnology Systems Pty. Ltd Aug 01, 2013 FEI Co announced that it has agreed to purchase nanoTechnology Systems Pty. Ltd. (NTS) of Melbourne, Australia. NTS has 15 employees primarily engaged in sales and service and has been FEI's distributor for over 10 years. NTS has been an important part of FEI's growth in Australia and New Zealand, including the development of the Natural Resources market. NTS also has incremental service and spare parts revenue related to FEI products. FEI expects the acquisition to be completed within the next two weeks and to be slightly accretive to earnings per share in the second half of 2013. FEI Co Issues Q3 2013 Guidance Below Analysts' Estimates Aug 01, 2013 FEI Co announced that for third quarter of 2013, it expects revenue is expected to be in the range of $215 million to $225 million, and bookings are expected to be at least $230 million, GAAP earnings per share (EPS) are expected to be in the range of $0.60 to $0.70. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $240 million, EPS of $0.82 for the third quarter of 2013. FEI Co Increases Cash Dividend By 50% Jun 06, 2013 FEI Co announced that its board of directors has approved an increase in the quarterly cash dividends to its shareholders from $.08 to $.12 per share. A dividend of $0.12 per share of common stock will be paid on July 23, 2013 to all shareholders of record as of the close of business on July 10, 2013. FEI Co Issues Q2 2013 Guidance Apr 30, 2013 FEI Co announced that for the second quarter of 2013, revenue is expected to be in the range of $222-$231 million, bookings are expected to be at least $230 million, GAAP earnings per share are expected to be in the range of $0.62 to $0.71, including restructuring charges of $0.01. FEI Co Announces Quarterly Cash Dividend Of $0.08 Per Share Feb 14, 2013 FEI Co announced that its board of directors has approved payment of a quarterly dividend of $0.08 per share of common stock. The dividend will be paid on April 23, 2013 to shareholders of record as of the close of business on April 10, 2013. FEI Co Issues Q1 2013 Revenue Guidance Below Analysts' Estimates Feb 06, 2013 FEI Co announced that for the first quarter of 2013, it expects revenue to be in the range of $215 million to $225 million. GAAP earnings per share are expected to be in the range of $0.57 to $0.64, assuming an 18% effective tax rate. Included in the GAAP earnings per share guidance is $1.9 million, or $0.04 per share, in expected restructuring charges. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $227 million for the first quarter of 2013. FEI Co Issues FY 2012 Revenue Guidance In Line With Analysts' Estimates-Conference Call Jan 10, 2013 FEI Co announced that for fiscal 2012, it expects on a revenue basis to get close to $900 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $890 million for fiscal 2012. FEI Co Reaffirms Q4 2012 EPS Guidance-Conference Call Nov 29, 2012 FEI Co announced that for fourth quarter of 2012, it expects GAAP EPS to be $0.64 to $0.72. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.70 for fourth quarter of 2012. FEI Co Announces Quarterly Cash Dividend of $0.08 Per Share Nov 15, 2012 FEI Co announced that board of directors has approved payment of a quarterly dividend of $0.08 per share of common stock. The dividend will be paid on January 22, 2013 to shareholders of record as of the close of business on January 9, 2013.
News
	Insider Selling: FEI CFO Sells 8,326 Shares of Stock (FEIC) Zolmax News (407 Words)	05-Nov-2013
	Tecnai Femto Ultrafast Electron Microscope Photonics (152 Words)	05-Nov-2013
	Supercharge Your Portfolio With 2 Small-Cap Investments Nasdaq (803 Words)	05-Nov-2013
	US Patent Issued to FEI on Nov. 5 for "High-vacuum seal" (Dutch Inventors) U.S. Fed News (254 Words)	05-Nov-2013
	FEI CFO Sells $512,890 in Stock (FEIC) American Banking News (388 Words)	04-Nov-2013
	A method and system for spectrum data analysis European Patents (119 Words)	04-Nov-2013
	Beam blanker for interrupting a beam of charged particles U.S. Patents (217 Words)	04-Nov-2013
	Distortion free stigmation of a TEM U.S. Patents (139 Words)	04-Nov-2013
	Form 4 FEI CO For: Nov 01 Filed by: Loh Benjamin GekLim BusinessWeek (154 Words)	04-Nov-2013
	Form 4 FEI CO For: Nov 01 Filed by: LINK RAYMOND A BusinessWeek (154 Words)	04-Nov-2013
	Form 4 FEI CO For: Nov 01 Filed by: KANIA DON R BusinessWeek (154 Words)	04-Nov-2013

Annual Income Statement

FEI Company

Hillsboro, Oregon, United States, Tel: 503-726-7500, URL: http://www.fei.com

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Financial Glossary

	31-Dec-2012	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
UpdateType/Date	Updated Normal 31-Dec-2012	Updated Normal 31-Dec-2011	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Restated Normal 31-Dec-2009
Filed Currency	USD	USD	USD	USD	USD
Exchange Rate (Period Average)	1	1	1	1	1
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Net Sales	891.7	826.4	634.2	577.3	599.2
Revenue	891.7	826.4	634.2	577.3	599.2
Total Revenue	891.7	826.4	634.2	577.3	599.2
Cost of Revenue	476.1	459.1	365.0	347.8	364.6
Cost of Revenue, Total	476.1	459.1	365.0	347.8	364.6
Gross Profit	415.6	367.4	269.3	229.5	234.5
Selling/General/Administrative Expense	169.7	158.8	136.5	126.7	128.8
Total Selling/General/Administrative Expenses	169.7	158.8	136.5	126.7	128.8
Research & Development	95.0	78.3	66.3	67.7	70.4
Restructuring Charge	2.9	3.2	11.1	3.5	4.3
Unusual Expense (Income)	2.9	3.2	11.1	3.5	4.3
Total Operating Expense	743.7	699.4	578.8	545.7	568.1
Operating Income	148.1	127.1	55.5	31.6	31.1
Interest Expense - Non-Operating	-4.1	-4.0	-4.5	-5.4	-14.2
Interest Expense, Net Non-Operating	-4.1	-4.0	-4.5	-5.4	-14.2
Interest Income - Non-Operating	1.6	2.4	2.6	2.9	14.4
Investment Income - Non-Operating	0.0	-	-	-	-
Interest/Investment Income - Non-Operating	1.6	2.4	2.6	2.9	14.4
Interest Income (Expense) - Net Non-Operating Total	-2.5	-1.7	-1.9	-2.6	0.1
Other Non-Operating Income (Expense)	-5.0	-2.5	-1.4	-1.4	-4.7
Other, Net	-5.0	-2.5	-1.4	-1.4	-4.7
Income Before Tax	140.5	122.9	52.2	27.7	26.6
Total Income Tax	25.6	19.2	-1.3	5.0	8.6
Income After Tax	114.9	103.6	53.5	22.6	18.0
Net Income Before Extraord Items	114.9	103.6	53.5	22.6	18.0
Discontinued Operations	-	-	-	0.0	0.0
Total Extraord Items	-	-	-	0.0	0.0
Net Income	114.9	103.6	53.5	22.6	18.0
Income Available to Common Excl Extraord Items	114.9	103.6	53.5	22.6	18.0
Income Available to Common Incl Extraord Items	114.9	103.6	53.5	22.6	18.0
Basic/Primary Weighted Average Shares	38.1	38.4	38.1	37.5	36.8
Basic EPS Excl Extraord Items	3.02	2.70	1.41	0.60	0.49
Basic/Primary EPS Incl Extraord Items	3.02	2.70	1.41	0.60	0.49
Dilution Adjustment	1.8	1.8	2.3	0.0	0.0
Diluted Net Income	116.7	105.4	55.8	22.6	18.0
Diluted Weighted Average Shares	41.7	42.0	41.7	37.9	37.2
Diluted EPS Excl Extraord Items	2.80	2.51	1.34	0.60	0.48
Diluted EPS Incl Extraord Items	2.80	2.51	1.34	0.60	0.48
Dividends per Share - Common Stock Primary Issue	0.24	0.00	0.00	0.00	0.00
Gross Dividends - Common Stock	9.1	0.0	0.0	0.0	0.0
Interest Expense, Supplemental	4.1	4.0	4.5	5.4	14.2
Depreciation, Supplemental	22.8	18.9	17.4	17.1	16.5
Total Special Items	2.9	12.0	11.1	3.5	4.3
Normalized Income Before Tax	143.4	134.9	63.3	31.1	30.9
Effect of Special Items on Income Taxes	0.5	1.9	3.9	0.6	1.4
Inc Tax Ex Impact of Sp Items	26.1	21.1	2.5	5.6	10.0
Normalized Income After Tax	117.3	113.8	60.7	25.5	20.9
Normalized Inc. Avail to Com.	117.3	113.8	60.7	25.5	20.9
Basic Normalized EPS	3.08	2.96	1.60	0.68	0.57
Diluted Normalized EPS	2.85	2.75	1.51	0.67	0.56
Amort of Intangibles, Supplemental	5.9	1.8	2.0	2.4	3.7
Rental Expenses	8.5	7.5	7.2	7.2	7.6
Advertising Expense, Supplemental	3.9	3.2	2.4	2.4	3.7
Research & Development Exp, Supplemental	95.0	78.3	66.3	67.7	70.4
Normalized EBIT	150.9	139.1	66.5	35.1	35.4
Normalized EBITDA	179.6	159.8	85.9	54.6	55.6
Current Tax - Domestic	8.2	7.8	5.3	0.0	0.0
Current Tax - Foreign	13.9	18.6	2.4	6.9	8.1
Current Tax - Local	0.5	0.4	0.6	0.5	-0.1
Current Tax - Total	22.5	26.7	8.3	7.4	8.0
Deferred Tax - Domestic	4.3	-6.3	-9.0	0.0	-
Deferred Tax - Foreign	-1.2	-1.2	-0.6	-2.4	0.6
Deferred Tax - Total	3.1	-7.5	-9.6	-2.4	0.6
Income Tax - Total	25.6	19.2	-1.3	5.0	8.6
Other Pension, Net - Foreign	1.0	0.1	0.1	0.5	-
Foreign Pension Plan Expense	1.0	0.1	0.1	0.5	-
Defined Contribution Expense - Domestic	15.0	26.2	14.0	7.4	5.5
Defined Contribution Expense - Foreign	9.2	6.9	7.4	8.3	9.1
Total Pension Expense	25.2	33.2	21.5	16.2	14.6
Total Plan Other Expense	1.0	0.1	0.1	0.5	-

Annual Balance Sheet

Financials in: USD (mil)

Financial Glossary

	31-Dec-2012	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008
UpdateType/Date	Updated Normal 31-Dec-2012	Reclassified Normal 31-Dec-2012	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009
Filed Currency	USD	USD	USD	USD	USD
Exchange Rate	1	1	1	1	1
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Cash & Equivalents	266.3	320.4	277.6	124.2	146.5
Short Term Investments	79.5	16.2	44.0	212.1	32.9
Cash and Short Term Investments	345.8	336.6	321.6	336.3	179.4
Accounts Receivable - Trade, Gross	213.9	191.5	188.9	155.9	142.9
Provision for Doubtful Accounts	-2.7	-5.6	-5.7	-3.3	-3.1
Trade Accounts Receivable - Net	211.2	186.0	183.3	152.6	139.7
Total Receivables, Net	211.2	186.0	183.3	152.6	139.7
Inventories - Finished Goods	27.6	33.7	32.1	19.9	21.8
Inventories - Work In Progress	81.1	66.3	55.3	57.8	56.8
Inventories - Raw Materials	68.0	68.1	57.0	44.8	44.5
Inventories - Other	15.9	14.0	11.6	15.8	18.6
Total Inventory	192.5	182.0	156.0	138.2	141.6
Restricted Cash - Current	14.5	22.6	22.1	17.1	11.0
Deferred Income Tax - Current Asset	12.2	18.9	11.5	2.7	2.9
Other Current Assets	29.3	28.0	23.1	39.5	32.9
Other Current Assets, Total	56.1	69.4	56.7	59.3	46.8
Total Current Assets	805.6	774.0	717.6	686.5	507.6
Buildings	38.1	32.8	30.8	26.1	25.3
Land/Improvements	7.8	7.8	7.8	7.8	7.8
Machinery/Equipment	139.0	110.9	106.1	109.7	104.2
Other Property/Plant/Equipment	46.5	40.3	31.7	25.2	25.2
Property/Plant/Equipment - Gross	231.4	191.8	176.4	168.8	162.4
Accumulated Depreciation	-121.6	-106.8	-95.7	-86.9	-85.4
Property/Plant/Equipment - Net	109.9	85.1	80.7	81.9	77.0
Goodwill, Net	131.3	58.1	44.8	44.6	41.0
Intangibles - Gross	62.5	12.6	56.3	56.5	57.2
Accumulated Intangible Amortization	-11.0	-5.7	-51.7	-50.2	-50.0
Intangibles, Net	51.5	6.9	4.6	6.4	7.2
LT Investments - Other	29.2	53.3	38.7	39.7	94.1
Long Term Investments	29.2	53.3	38.7	39.7	94.1
Deferred Income Tax - Long Term Asset	5.1	0.9	1.1	3.4	2.2
Restricted Cash - Long Term	27.4	43.7	41.4	35.9	34.8
Other Long Term Assets	74.2	67.9	55.6	55.7	68.3
Other Long Term Assets, Total	106.7	112.5	98.1	94.9	105.3
Total Assets	1,234.2	1,089.9	984.4	954.0	832.2
Accounts Payable	54.8	52.5	51.5	40.6	35.0
Accrued Expenses	62.0	69.6	56.1	36.5	35.8
Notes Payable/Short Term Debt	89.0	0.0	0.0	59.6	0.0
Customer Advances	74.7	72.7	81.4	65.8	44.1
Income Taxes Payable	1.3	11.3	3.7	1.3	3.0
Other Current Liabilities	36.9	48.6	31.3	47.7	33.7
Other Current liabilities, Total	113.0	132.6	116.5	114.8	80.9
Total Current Liabilities	318.8	254.7	224.1	251.5	151.7
Long Term Debt	0.0	89.0	89.0	100.0	115.0
Total Long Term Debt	0.0	89.0	89.0	100.0	115.0
Total Debt	89.0	89.0	89.0	159.6	115.0
Deferred Income Tax - LT Liability	17.6	6.6	4.1	4.3	4.2
Deferred Income Tax	17.6	6.6	4.1	4.3	4.2
Other Long Term Liabilities	57.9	42.8	34.0	30.7	42.3
Other Liabilities, Total	57.9	42.8	34.0	30.7	42.3
Total Liabilities	394.3	393.1	351.2	386.4	313.1
Convertible Preferred Stock - Non Redeemable	0.0	0.0	-	-	-
Preferred Stock - Non Redeemable, Net	0.0	0.0	-	-	-
Common Stock	516.9	493.7	509.1	485.6	469.9
Common Stock	516.9	493.7	509.1	485.6	469.9
Retained Earnings (Accumulated Deficit)	284.4	178.7	75.0	21.5	-1.2
Other Comprehensive Income	38.6	24.5	49.0	60.5	50.4
Other Equity, Total	38.6	24.5	49.0	60.5	50.4
Total Equity	839.9	696.8	633.2	567.5	519.1
Total Liabilities & Shareholders’ Equity	1,234.2	1,089.9	984.4	954.0	832.2
Shares Outstanding - Common Stock Primary Issue	38.5	37.9	38.3	37.9	37.3
Total Common Shares Outstanding	38.5	37.9	38.3	37.9	37.3
Treasury Shares - Common Stock Primary Issue	0.0	0.0	0.0	0.0	0.0
Employees	2,444	2,006	1,788	1,766	1,803
Number of Common Shareholders	24,468	-	8,894	8,600	8,600
Accumulated Intangible Amort, Suppl.	11.0	5.7	51.7	50.2	50.0
Deferred Revenue - Current	74.7	72.7	81.4	65.8	44.1
Deferred Revenue - Long Term	26.7	23.4	19.9	-	-
Total Long Term Debt, Supplemental	89.0	-	89.0	100.0	0.0
Long Term Debt Maturing within 1 Year	89.0	-	0.0	0.0	0.0
Long Term Debt Maturing in Year 2	0.0	-	89.0	0.0	0.0
Long Term Debt Maturing in Year 3	0.0	-	0.0	33.3	0.0
Long Term Debt Maturing in Year 4	0.0	-	0.0	33.3	0.0
Long Term Debt Maturing in Year 5	0.0	-	0.0	33.3	0.0
Long Term Debt Maturing in 2-3 Years	0.0	-	89.0	33.3	0.0
Long Term Debt Maturing in 4-5 Years	0.0	-	0.0	66.7	0.0
Long Term Debt Matur. in Year 6 & Beyond	0.0	-	0.0	0.0	0.0
Total Capital Leases, Supplemental	4.6	-	3.0	2.0	3.6
Capital Lease Payments Due in Year 1	1.9	-	1.5	1.2	1.4
Capital Lease Payments Due in Year 2	1.2	-	0.7	0.4	0.9
Capital Lease Payments Due in Year 3	1.2	-	0.7	0.4	0.9
Capital Lease Payments Due in Year 4	0.2	-	0.1	0.0	0.2
Capital Lease Payments Due in Year 5	0.2	-	0.1	0.0	0.2
Capital Lease Payments Due in 2-3 Years	2.4	-	1.5	0.8	1.8
Capital Lease Payments Due in 4-5 Years	0.4	-	0.1	0.0	0.3
Cap. Lease Pymts. Due in Year 6 & Beyond	0.0	-	0.0	0.0	0.0
Total Operating Leases, Supplemental	64.0	-	47.1	49.9	54.4
Operating Lease Payments Due in Year 1	8.5	-	7.2	7.1	6.2
Operating Lease Payments Due in Year 2	9.3	-	6.6	6.1	5.8
Operating Lease Payments Due in Year 3	8.7	-	4.8	5.9	5.6
Operating Lease Payments Due in Year 4	7.5	-	4.0	4.7	5.7
Operating Lease Payments Due in Year 5	7.5	-	4.1	4.2	5.7
Operating Lease Pymts. Due in 2-3 Years	18.0	-	11.4	12.0	11.5
Operating Lease Pymts. Due in 4-5 Years	15.0	-	8.1	8.9	11.3
Oper. Lse. Pymts. Due in Year 6 & Beyond	22.7	-	20.4	22.0	25.4
Pension Obligation - Foreign	3.9	-	1.8	2.0	-
Funded Status - Foreign	-3.9	-	-1.8	-2.0	-
Total Funded Status	-3.9	-	-1.8	-2.0	-
Prepaid Benefits - Domestic	3.0	-	2.9	2.0	2.4
Accrued Liabilities - Domestic	-3.0	-	-2.9	-2.0	-2.4
Accrued Liabilities - Foreign	-3.9	-	-1.8	-2.0	-1.5
Net Assets Recognized on Balance Sheet	-3.9	-	-1.8	-2.0	-1.5
Total Plan Obligations	3.9	-	1.8	2.0	-

Annual Cash Flows

Financials in: USD (mil)

Financial Glossary

	31-Dec-2012	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
UpdateType/Date	Updated Normal 31-Dec-2012	Updated Normal 31-Dec-2011	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009
Filed Currency	USD	USD	USD	USD	USD
Exchange Rate (Period Average)	1	1	1	1	1
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Net Income/Starting Line	114.9	103.6	53.5	22.6	18.0
Depreciation	22.8	18.9	17.4	17.1	16.5
Depreciation/Depletion	22.8	18.9	17.4	17.1	16.5
Amortization of Intangibles	5.9	2.1	2.7	3.1	10.6
Amortization	5.9	2.1	2.7	3.1	10.6
Deferred Taxes	2.4	-5.2	4.8	-0.9	2.5
Discontinued Operations	-	-	-	0.0	0.0
Unusual Items	0.0	1.4	0.2	-2.2	0.8
Other Non-Cash Items	10.2	18.0	2.7	14.2	16.2
Non-Cash Items	10.2	19.5	2.9	11.9	17.0
Accounts Receivable	-22.1	-5.4	-29.3	-8.7	16.7
Inventories	-24.3	-42.3	-31.4	-1.2	-15.4
Other Assets	-2.9	-11.1	2.2	-1.1	-0.8
Accounts Payable	0.4	1.3	11.8	4.9	4.0
Accrued Expenses	-12.1	16.0	19.0	-0.2	-6.8
Other Liabilities	-10.1	5.2	21.5	20.4	-7.8
Changes in Working Capital	-71.2	-36.2	-6.3	14.1	-10.1
Cash from Operating Activities	85.0	102.7	75.0	68.1	54.5
Purchase of Fixed Assets	-22.1	-13.8	-8.9	-13.4	-13.5
Capital Expenditures	-22.1	-13.8	-8.9	-13.4	-13.5
Acquisition of Business	-93.4	-14.1	0.0	0.0	-
Sale of Fixed Assets	-	-	0.0	0.0	0.0
Sale/Maturity of Investment	134.5	159.5	261.2	61.1	112.4
Purchase of Investments	-173.9	-146.6	-179.7	-190.7	-93.9
Other Investing Cash Flow	14.2	-6.1	84.8	0.8	-4.8
Other Investing Cash Flow Items, Total	-118.6	-7.2	166.3	-128.7	13.8
Cash from Investing Activities	-140.7	-20.9	157.5	-142.1	0.3
Other Financing Cash Flow	-4.9	-3.7	-2.1	-1.9	-1.9
Financing Cash Flow Items	-4.9	-3.7	-2.1	-1.9	-1.9
Cash Dividends Paid - Common	-6.1	-	-	-	-
Total Cash Dividends Paid	-6.1	-	-	-	-
Repurchase/Retirement of Common	-0.9	-50.0	-4.9	0.0	0.0
Common Stock, Net	-0.9	-50.0	-4.9	0.0	0.0
Options Exercised	13.1	24.4	8.0	6.9	14.1
Issuance (Retirement) of Stock, Net	12.2	-25.6	3.1	6.9	14.1
Long Term Debt Issued	-	0.0	0.0	70.8	0.0
Long Term Debt Reduction	0.0	0.0	-70.5	-24.3	-194.9
Long Term Debt, Net	0.0	0.0	-70.5	46.5	-194.9
Issuance (Retirement) of Debt, Net	0.0	0.0	-70.5	46.5	-194.9
Cash from Financing Activities	1.2	-29.3	-69.4	51.5	-182.7
Foreign Exchange Effects	0.5	-9.7	-9.6	0.2	-6.2
Net Change in Cash	-54.1	42.7	153.4	-22.3	-134.1
Net Cash - Beginning Balance	320.4	277.6	124.2	146.5	280.6
Net Cash - Ending Balance	266.3	320.4	277.6	124.2	146.5
Cash Interest Paid	3.6	3.5	3.8	4.6	7.8
Cash Taxes Paid	23.8	9.4	-1.0	2.4	-2.8

FEI Company Hillsboro, Oregon, United States, Tel: 503-726-7500, URL: http://www.fei.com

Annual Income Statement

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2012	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
UpdateType/Date	Updated Normal 31-Dec-2012	Updated Normal 31-Dec-2011	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Restated Normal 31-Dec-2009
Filed Currency	USD	USD	USD	USD	USD
Exchange Rate (Period Average)	1	1	1	1	1
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Service and components	200.2	-	-	-	-
Products.	691.5	650.9	479.4	439.1	459.4
Service and components	-	171.3	154.0	137.4	137.3
Products - related party	-	3.7	0.3	0.6	2.1
Service and components - related party	-	0.5	0.4	0.3	0.4
Total Revenue	891.7	826.4	634.2	577.3	599.2
Cost of Product	347.2	344.6	262.6	252.3	265.5
Cost of Service	128.9	114.5	102.4	95.5	99.1
Research and development	95.0	78.3	66.3	67.7	70.4
Selling, general and administrative	169.7	158.8	136.5	126.7	128.8
Restructuring, reorganization, relocatio	2.9	3.2	11.1	3.5	4.3
Total Operating Expense	743.7	699.4	578.8	545.7	568.1
Ineffective G/L on Derivatives - Hedging	0.0	-	-	-	-
Interest Income	1.6	2.4	2.6	2.9	14.4
Interest expense	-4.1	-4.0	-4.5	-5.4	-14.2
Other Other, net	-5.0	-	-	-	-
OTHER INCOME (EXPENSE), NET	-	-2.5	-1.4	-1.4	-4.7
Net Income Before Taxes	140.5	122.9	52.2	27.7	26.6
Income tax expense (benefit))	25.6	19.2	-1.3	5.0	8.6
Net Income After Taxes	114.9	103.6	53.5	22.6	18.0
Net Income Before Extra. Items	114.9	103.6	53.5	22.6	18.0
Gain (Loss) on Disposal	-	-	-	0.0	0.0
Net Income	114.9	103.6	53.5	22.6	18.0
Income Available to Com Excl ExtraOrd	114.9	103.6	53.5	22.6	18.0
Income Available to Com Incl ExtraOrd	114.9	103.6	53.5	22.6	18.0
Basic	38.1	38.4	38.1	37.5	36.8
Basic EPS Excluding ExtraOrdinary Items	3.02	2.70	1.41	0.60	0.49
Basic EPS Including ExtraOrdinary Items	3.02	2.70	1.41	0.60	0.49
Dilution Adjustment	1.8	1.8	2.3	0.0	0.0
Diluted Net Income	116.7	105.4	55.8	22.6	18.0
Diluted	41.7	42.0	41.7	37.9	37.2
Diluted EPS Excluding ExtraOrd Items	2.80	2.51	1.34	0.60	0.48
Diluted EPS Including ExtraOrd Items	2.80	2.51	1.34	0.60	0.48
DPS-Ordinary Shares	0.24	0.00	0.00	0.00	0.00
Gross Dividends - Common Stock	9.1	0.0	0.0	0.0	0.0
Normalized Income Before Taxes	143.4	134.9	63.3	31.1	30.9
Inc Tax Ex Impact of Sp Items	26.1	21.1	2.5	5.6	10.0
Normalized Income After Taxes	117.3	113.8	60.7	25.5	20.9
Normalized Inc. Avail to Com.	117.3	113.8	60.7	25.5	20.9
Basic Normalized EPS	3.08	2.96	1.59	0.68	0.57
Diluted Normalized EPS	2.85	2.75	1.51	0.67	0.56
Research & Development Exp	95.0	78.3	66.3	67.7	70.4
Advertising Expense	3.9	3.2	2.4	2.4	3.7
Interest Expense	4.1	4.0	4.5	5.4	14.2
Rental Expense	8.5	7.5	7.2	7.2	7.6
BC - Depreciation of Intangible Assets	5.9	-	-	-	-
Amort of Intangibles	-	1.8	2.0	2.4	3.7
Depreciation	22.8	18.9	17.4	17.1	16.5
Federal	8.2	7.8	5.3	0.0	0.0
State	0.5	0.4	0.6	0.5	-0.1
Foreign	13.9	18.6	2.4	6.9	8.1
Current Tax - Total	22.5	26.7	8.3	7.4	8.0
Deferred Tax Expense	-1.2	-1.2	-0.6	-2.4	0.6
U.S. deferred benefit	4.3	-6.3	-9.0	0.0	-
Deferred Tax - Total	3.1	-7.5	-9.6	-2.4	0.6
Income Tax - Total	25.6	19.2	-1.3	5.0	8.6
Defined Benefit Pension Plan Exp - Forei	1.0	0.1	0.1	0.5	-
Foreign Pension Plan Expense	1.0	0.1	0.1	0.5	-
Multi-Employer Plans - Netherlands	5.6	4.7	6.0	6.8	7.8
Defined Contribution Plans - Foreign	3.6	2.2	1.4	1.5	1.3
Management Variable Compensation Plan	13.2	24.7	12.5	6.1	4.2
Profit Sharing 401(k) Plan	1.8	1.5	1.5	1.3	1.3
Total Pension Expense	25.2	33.2	21.5	16.2	14.6

Annual Balance Sheet

Financials in: USD (mil)

	31-Dec-2012	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008
UpdateType/Date	Updated Normal 31-Dec-2012	Reclassified Normal 31-Dec-2012	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009
Filed Currency	USD	USD	USD	USD	USD
Exchange Rate	1	1	1	1	1
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Cash and cash equivalents	266.3	320.4	277.6	124.2	146.5
Short-term investments in marketable sec	79.5	16.2	44.0	212.1	32.9
Short-term restricted cash	14.5	22.6	22.1	17.1	11.0
Accounts Receivable, Gross.	213.9	191.5	188.9	155.9	142.9
Doubtful Account	-2.7	-5.6	-5.7	-3.3	-3.1
Cur.Derivative Fin. Instrument-Hedging	1.5	0.0	-	-	-
Cur.Deriv. Fin. Ins.-Speculative/Trade	1.1	1.7	-	-	-
Other Other current assets	26.7	26.3	-	-	-
Raw Materials	68.0	68.1	57.0	44.8	44.5
Service Inventories.	15.9	14.0	11.6	15.8	18.6
Work in Progress	81.1	66.3	55.3	57.8	56.8
Finished Goods	27.6	33.7	32.1	19.9	21.8
Deferred Taxes	12.2	18.9	11.5	2.7	2.9
Other current assets	-	-	23.1	39.5	32.9
Total current assets	805.6	774.0	717.6	686.5	507.6
Land	7.8	7.8	7.8	7.8	7.8
Buildings	21.6	21.5	21.2	18.6	18.2
Leasehold improvements/Land/Building	16.5	11.3	9.6	7.5	7.1
Machinery/Equipment	109.0	81.0	79.9	85.1	76.4
Demonstation System	30.0	29.9	26.2	24.6	27.8
Other Fixed	46.5	40.3	31.7	25.2	25.2
Depreciation	-121.6	-106.8	-95.7	-86.9	-85.4
Non-current investments in marketable se	29.2	53.3	38.7	39.7	94.1
Long-term restricted cash	27.4	43.7	41.4	35.9	34.8
Goodwill	131.3	58.1	44.8	44.6	41.0
Customer relationship	20.3	0.2	-	-	-
Developed technology, Gross	17.7	2.3	-	-	-
Acc Amort Other Intangibles	-1.2	0.0	-	-	-
Acc Amort Other Intangibles	-1.8	-0.1	-	-	-
Non-current inventories	65.1	57.6	48.0	44.4	41.1
Deferred Taxes	5.1	0.9	1.1	3.4	2.2
Purchased Technology - Gross	-	-	46.1	46.3	46.5
Accumulated Amortization	-	-	-46.1	-45.9	-45.2
Patents, trademarks and other	22.0	7.7	7.8	7.5	7.6
Accumulated amortization(2)	-5.7	-3.7	-4.0	-2.9	-3.6
Note issuance costs-Intangible	2.4	2.4	2.4	2.7	3.2
Accumulated amortization(3)	-2.3	-2.0	-1.6	-1.4	-1.2
Other assets, net	9.1	10.4	7.6	11.3	27.2
Total Assets	1,234.2	1,089.9	984.4	954.0	832.2
Accounts payable	54.8	52.5	51.5	40.6	35.0
Accrued warranty reserves	12.0	11.7	8.6	7.5	6.4
Accrued agent commissions	8.1	9.0	10.8	10.0	9.9
Accrued liabilities	39.1	46.7	31.8	18.9	19.2
Short-term deferred revenue	74.7	72.7	81.4	65.8	44.1
Income taxes payable	1.3	11.3	3.7	1.3	3.0
Convertible debt	89.0	0.0	0.0	59.6	0.0
Accrued restructuring, reorganization, r	2.7	2.2	4.9	0.0	0.2
Current Derivative Liabilities - Hedging	0.0	7.3	-	-	-
Crt Derivative Lib - Speculative/Trading	1.0	8.4	-	-	-
Other Other current liabilities	35.9	33.0	-	-	-
Other current liabilities	-	-	31.3	47.7	33.7
Total Current Liabilities	318.8	254.7	224.1	251.5	151.7
Long-term convertible debt	0.0	89.0	89.0	100.0	115.0
Total Long Term Debt	0.0	89.0	89.0	100.0	115.0
Deferred tax liabilities	17.6	6.6	4.1	4.3	4.2
Other liabilities	31.3	19.4	14.2	30.7	42.3
Long-term deferred revenue	26.7	23.4	19.9	-	-
Total Liabilities	394.3	393.1	351.2	386.4	313.1
Preferred stock - 500 shares authorized;	0.0	0.0	-	-	-
Common stock - 70,000 shares authorized;	516.9	493.7	509.1	485.6	469.9
Retained earnings	284.4	178.7	75.0	21.5	-1.2
Accumulated other comprehensive income	38.6	24.5	49.0	60.5	50.4
Total Equity	839.9	696.8	633.2	567.5	519.1
Total Liabilities & Shareholders' Equity	1,234.2	1,089.9	984.4	954.0	832.2
S/O-Ordinary Shares	38.5	37.9	38.3	37.9	37.3
Total Common Shares Outstanding	38.5	37.9	38.3	37.9	37.3
T/S-Ordinary Shares	0.0	0.0	0.0	0.0	0.0
Short-term deferred revenue	74.7	72.7	81.4	65.8	44.1
Long-term deferred revenue	26.7	23.4	19.9	-	-
Accumulated Intangible Amortization	11.0	5.7	51.7	50.2	50.0
Full-Time Employees	2,444	2,006	1,788	1,766	1,803
Number of Common Shareholders	24,468	-	8,894	8,600	8,600
LT Debt Due Within 1 Year	89.0	-	0.0	0.0	0.0
LT Debt Due Within 2 Years	0.0	-	89.0	0.0	0.0
LT Debt Due Within 5 Years	0.0	-	0.0	100.0	0.0
LT Debt Due Thereafter	0.0	-	0.0	0.0	0.0
Total Long Term Debt, Supplemental	89.0	-	89.0	100.0	0.0
Capital Leases Maturing within 1 Year	1.9	-	1.5	1.2	1.4
Capital Leases Maturing within 1-3 Years	2.4	-	1.5	0.8	1.8
Capital Leases Maturing within 3-5 Years	0.4	-	0.1	0.0	0.3
Capital Leases Remaining Maturities	0.0	-	0.0	0.0	0.0
Total Capital Leases, Supplemental	4.6	-	3.0	2.0	3.6
Operating Leases Maturing Within 1 Year	8.5	-	7.2	7.1	6.2
Operating Leases Maturing Within 2 Years	9.3	-	6.6	6.1	5.8
Operating Leases Maturing Within 3 Years	8.7	-	4.8	5.9	5.6
Operating Leases Maturing Within 4 Years	7.5	-	4.0	4.7	5.7
Operating Leases Maturing Within 5 Years	7.5	-	4.1	4.2	5.7
Operating Leases Maturing Thereafter	22.7	-	20.4	22.0	25.4
Total Operating Leases, Supplemental	64.0	-	47.1	49.9	54.4
Projected Benefit Obligation - Foreign	3.9	-	1.8	2.0	-
Funded Status - Foreign	-3.9	-	-1.8	-2.0	-
Total Funded Status	-3.9	-	-1.8	-2.0	-
Accrued Benefit Liability-Def. Compens.	-3.0	-	-2.9	-2.0	-2.4
Non-Current Investments - Def. Compens.	3.0	-	2.9	2.0	2.4
Non-Current Liabilities - Foreign	-3.9	-	-1.8	-2.0	-1.5
Net Assets Recognized on Balance Sheet	-3.9	-	-1.8	-2.0	-1.5

Annual Cash Flows

Financials in: USD (mil)

	31-Dec-2012	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
UpdateType/Date	Updated Normal 31-Dec-2012	Updated Normal 31-Dec-2011	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009
Filed Currency	USD	USD	USD	USD	USD
Exchange Rate (Period Average)	1	1	1	1	1
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Net Income	114.9	103.6	53.5	22.6	18.0
Depreciation	22.8	18.9	17.4	17.1	16.5
Amortization	5.9	2.1	2.7	3.1	10.6
Asset impairments and write-offs of inta	0.0	1.4	0.0	0.0	-
Stock-based compensation	14.2	11.1	10.5	10.6	8.2
Assets Impairment	-	-	0.0	0.0	0.5
Disposal of Assets	-	-	0.3	0.3	0.3
Gain on disposal of discontinued operati	-	-	-	0.0	0.0
Income taxes (receivable) payable, net)	-4.0	6.9	-7.9	3.3	7.9
Gain on trading securities and UBS Put R	-	-	0.0	-0.5	0.0
Gain on redemption of 2.875% convertible	-	-	-0.1	-2.0	0.0
Deferred income taxes	2.4	-5.2	4.8	-0.9	2.5
Other(1)	-	-	-	0.0	0.0
Other	0.0	0.0	0.1	0.3	0.2
Receivables	-22.1	-5.4	-29.3	-8.7	16.7
Inventories	-24.3	-42.3	-31.4	-1.2	-15.4
Other Assets	-2.9	-11.1	2.2	-1.1	-0.8
Accounts payable	0.4	1.3	11.8	4.9	4.0
Accrued payroll liabilities	-12.7	15.8	13.2	-1.1	-6.4
Accrued warranty reserves	0.2	3.1	1.2	1.0	-0.1
Deferred Revenue	-4.7	-8.5	18.4	20.0	-16.2
Accrued restructuring, reorganization, r	0.4	-2.9	4.6	-0.2	-0.2
Other Liabilities	-5.4	13.8	3.0	0.4	8.4
Cash from Operating Activities	85.0	102.7	75.0	68.1	54.5
Decrease (increase) in restricted cash)	25.1	-5.1	-13.5	-5.8	-1.5
Payments for acquisitions, net of cash a	-93.4	-14.1	0.0	0.0	-
Acquisition of property, plant and equip	-22.1	-13.8	-8.9	-13.4	-13.5
Proceeds from the sale of auction rate s	0.0	0.0	98.9	11.2	0.0
Disposal of Equipment	-	-	0.0	0.0	0.0
Purchase of investments in marketable se	-173.9	-146.6	-179.7	-190.7	-93.9
Redemption of investments in marketable	134.5	159.5	261.2	61.1	112.4
Other	-10.9	-1.0	-0.5	-4.6	-3.3
Cash from Investing Activities	-140.7	-20.9	157.5	-142.1	0.3
Dividends paid on common stock	-6.1	-	-	-	-
Proceeds from line of credit	-	0.0	0.0	70.8	0.0
Redemption of 2.875% convertible note	0.0	0.0	-10.9	-13.1	-194.9
Repayments on line of credit	0.0	0.0	-59.6	-11.2	0.0
Excess tax benefit for share based payme	2.9	1.4	0.0	0.0	-
Withholding taxes paid on issuance of ve	-5.9	-3.8	-2.1	-1.9	-1.9
Other financing activities	-1.9	-1.4	0.0	0.0	-
Repurchases of common stock	-0.9	-50.0	-4.9	0.0	0.0
Proceeds from exercise of stock options	13.1	24.4	8.0	6.9	14.1
Cash from Financing Activities	1.2	-29.3	-69.4	51.5	-182.7
Effect of exchange rate changes	0.5	-9.7	-9.6	0.2	-6.2
(Decrease) increase in cash and cash equ	-54.1	42.7	153.4	-22.3	-134.1
Beginning of period	320.4	277.6	124.2	146.5	280.6
End of period	266.3	320.4	277.6	124.2	146.5
Cash Interest Paid	3.6	3.5	3.8	4.6	7.8
Cash Taxes Paid	23.8	9.4	-1.0	2.4	-2.8

FEI Company Hillsboro, Oregon, United States, Tel: 503-726-7500, URL: http://www.fei.com

Financial Health

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Key Indicators USD (mil)
Â	Quarter Ending 30-Jun-2013	Quarter Ending Yr Ago	Annual Year End 31-Dec-2012	1 Year Growth	3 Year Growth	5 Year Growth
Total Revenue (?)	222.5	0.46%	891.7	7.90%	15.59%	8.52%
Research & Development (?)	24.9	6.70%	95.0	21.26%	11.94%	7.53%
Operating Income (?)	38.5	-1.61%	148.1	16.56%	67.31%	22.04%
Income Available to Common Excl Extraord Items (?)	30.0	-0.99%	114.9	10.89%	71.85%	20.02%
Basic EPS Excl Extraord Items (?)	0.76	-4.75%	3.02	11.82%	71.06%	18.49%
Capital Expenditures (?)	42.6	265.91%	22.1	60.52%	18.08%	3.35%
Cash from Operating Activities (?)	91.5	903.38%	85.0	-17.29%	7.68%	10.51%
Free Cash Flow (?)	49.0	-	62.8	-29.34%	4.78%	13.89%
Total Assets (?)	1,281.8	11.24%	1,234.2	13.24%	8.96%	4.13%
Total Liabilities (?)	298.5	-25.69%	394.3	0.31%	0.67%	-5.41%
Total Long Term Debt (?)	0.0	-	0.0	-	-	-
Employees (?)	-	-	2444	21.83%	11.44%	5.55%
Total Common Shares Outstanding (?)	41.7	9.64%	38.5	1.62%	0.54%	1.11%
Market Cap (?)	3,048.2	67.80%	2,134.4	38.22%	34.14%	18.75%

Key Ratios
Â	31-Dec-2012	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008
Profitability
Gross Margin (?)	46.61%	44.45%	42.46%	39.75%	39.14%
Operating Margin (?)	16.61%	15.37%	8.74%	5.48%	5.20%
Pretax Margin (?)	15.76%	14.87%	8.23%	4.79%	4.44%
Net Profit Margin (?)	12.89%	12.54%	8.44%	3.92%	3.00%
Financial Strength
Current Ratio (?)	2.53	3.04	3.20	2.73	3.35
Long Term Debt/Equity (?)	0.00	0.13	0.14	0.18	0.22
Total Debt/Equity (?)	0.11	0.13	0.14	0.28	0.22
Management Effectiveness
Return on Assets (?)	9.89%	9.99%	5.53%	2.54%	1.96%
Return on Equity (?)	14.96%	15.58%	8.92%	4.17%	3.57%
Efficiency
Receivables Turnover (?)	4.49	4.48	3.78	3.95	4.04
Inventory Turnover (?)	2.54	2.72	2.48	2.49	2.60
Asset Turnover (?)	0.77	0.80	0.65	0.65	0.65

Market Valuation USD (mil)
P/E (TTM) (?)	31.77	.	Enterprise Value (?)	3,310.8
Price/Sales (TTM) (?)	4.14	.	Enterprise Value/Revenue (TTM) (?)	3.69
Price/Book (MRQ) (?)	3.77	.	Enterprise Value/EBITDA (TTM) (?)	18.02
Market Cap as of 18-Oct-2013 (?)	3,708.7	.

FEI Company Hillsboro, Oregon, United States, Tel: 503-726-7500, URL: http://www.fei.com

Ratio Comparisons

Traded: NASDAQ: FEIC	Financials in: USD (actual units)
Industry: Office Equipment	As of 18-Oct-2013
Sector: Technology

	Company	Industry	Sector	S&P 500
Valuation Ratios
P/E Excluding Extraordinary (TTM) (?)	31.77	26.25	22.09	19.68
P/E High Excluding Extraordinary - Last 5 Yrs (?)	39.10	25.27	42.91	32.79
P/E Low Excluding Extraordinary - Last 5 Yrs (?)	16.26	9.97	12.36	10.71
Beta (?)	1.38	1.57	1.19	1.00
Price/Revenue (TTM) (?)	4.14	1.19	4.07	2.57
Price/Book (MRQ) (?)	3.77	4.38	4.73	3.67
Price to Tangible Book (MRQ) (?)	4.60	6.77	6.85	5.21
Price to Cash Flow Per Share (TTM) (?)	24.95	11.25	17.48	14.22
Price to Free Cash Flow Per Share (TTM) (?)	35.29	12.47	23.00	26.26
Dividends
Dividend Yield (?)	0.54%	2.67%	1.65%	2.26%
Dividend Per Share - 5 Yr Avg (?)	0.05	1.59	0.71	1.99
Dividend 5 Yr Growth (?)	-	-4.31%	7.13%	0.08%
Payout Ratio (TTM) (?)	10.66%	42.40%	10.38%	25.98%
Growth Rates (%)
Revenue (MRQ) vs Qtr 1 Yr Ago (?)	0.46%	29.71%	28.50%	15.58%
Revenue (TTM) vs TTM 1 Yr Ago (?)	4.56%	28.69%	18.25%	17.69%
Revenue 5 Yr Growth (?)	8.52%	7.10%	16.94%	8.97%
EPS (MRQ) vs Qtr 1 Yr Ago (?)	-2.95%	-36.07%	41.24%	19.49%
EPS (TTM) vs TTM 1 Yr Ago (?)	2.91%	-23.73%	49.53%	32.55%
EPS 5 Yr Growth (?)	17.95%	-5.36%	20.44%	9.86%
Capital Spending 5 Yr Growth (?)	3.35%	10.51%	9.78%	-2.04%
Financial Strength
Quick Ratio (MRQ) (?)	2.91	1.25	1.98	1.24
Current Ratio (MRQ) (?)	3.75	1.67	2.38	1.79
LT Debt/Equity (MRQ) (?)	0.00	0.95	0.31	0.64
Total Debt/Equity (MRQ) (?)	0.00	1.05	0.36	0.73
Interest Coverage (TTM) (?)	126.25	4.44	11.30	13.80
Profitability Ratios (%)
Gross Margin (TTM) (?)	47.14%	46.34%	55.32%	45.21%
Gross Margin - 5 Yr Avg (?)	42.97%	45.20%	53.24%	44.91%
EBITD Margin (TTM) (?)	20.50%	10.02%	25.78%	24.43%
EBITD Margin - 5 Yr Avg (?)	15.17%	8.05%	21.39%	22.84%
Operating Margin (TTM) (?)	16.39%	6.32%	22.29%	20.63%
Operating Margin - 5 Yr Avg (?)	11.15%	4.71%	17.62%	18.28%
Pretax Margin (TTM) (?)	15.59%	5.60%	22.54%	17.95%
Pretax Margin - 5 Yr Avg (?)	10.48%	3.95%	18.75%	17.10%
Net Profit Margin (TTM) (?)	12.91%	4.41%	17.35%	13.65%
Net Profit Margin - 5 Yr Avg (?)	8.86%	2.37%	12.72%	12.10%
Effective Tax Rate (TTM) (?)	17.16%	33.34%	23.73%	28.45%
Effective Tax rate - 5 Yr Avg (?)	15.45%	30.77%	24.82%	29.92%
Management Effectiveness (%)
Return on Assets (TTM) (?)	9.51%	4.07%	12.89%	8.54%
Return on Assets - 5 Yr Avg (?)	6.28%	1.90%	10.70%	8.40%
Return on Investment (TTM) (?)	12.47%	2.21%	13.09%	7.90%
Return on Investment - 5 Yr Avg (?)	8.32%	1.28%	11.50%	8.27%
Return on Equity (TTM) (?)	13.35%	21.25%	25.23%	19.72%
Return on Equity - 5 Yr Avg (?)	10.15%	3.36%	21.05%	20.06%
Efficiency
Revenue/Employee (TTM) (?)	366,775.00	199,332.58	617,868.03	927,613.77
Net Income/Employee (TTM) (?)	47,362.52	10,734.92	132,630.14	116,121.92
Receivables Turnover (TTM) (?)	4.38	5.10	8.08	13.25
Inventory Turnover (TTM) (?)	2.49	6.10	19.61	14.53
Asset Turnover (TTM) (?)	0.74	0.92	0.75	0.93

FEI Company Hillsboro, Oregon, United States, Tel: 503-726-7500, URL: http://www.fei.com

Annual Ratios

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2012	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008
Financial Strength
Current Ratio (?)	2.53	3.04	3.20	2.73	3.35
Quick/Acid Test Ratio (?)	1.75	2.05	2.25	1.94	2.10
Working Capital (?)	486.8	519.3	493.5	435.0	355.9
Long Term Debt/Equity (?)	0.00	0.13	0.14	0.18	0.22
Total Debt/Equity (?)	0.11	0.13	0.14	0.28	0.22
Long Term Debt/Total Capital (?)	0.00	0.11	0.12	0.14	0.18
Total Debt/Total Capital (?)	0.10	0.11	0.12	0.22	0.18
Payout Ratio (?)	7.95%	0.00%	0.00%	0.00%	0.00%
Effective Tax Rate (?)	18.23%	15.65%	-2.54%	18.14%	32.38%
Total Capital (?)	928.9	785.8	722.2	727.1	634.1
Efficiency
Asset Turnover (?)	0.77	0.80	0.65	0.65	0.65
Inventory Turnover (?)	2.54	2.72	2.48	2.49	2.60
Days In Inventory (?)	143.57	134.36	147.12	146.83	140.32
Receivables Turnover (?)	4.49	4.48	3.78	3.95	4.04
Days Receivables Outstanding (?)	81.27	81.53	96.64	92.41	90.42
Revenue/Employee (?)	364,868	411,977	354,710	326,922	332,323
Operating Income/Employee (?)	60,592	63,335	31,017	17,906	17,265
EBITDA/Employee (?)	72,321	73,645	41,863	28,981	28,448
Profitability
Gross Margin (?)	46.61%	44.45%	42.46%	39.75%	39.14%
Operating Margin (?)	16.61%	15.37%	8.74%	5.48%	5.20%
EBITDA Margin (?)	19.82%	17.88%	11.80%	8.86%	8.56%
EBIT Margin (?)	16.61%	15.37%	8.74%	5.48%	5.20%
Pretax Margin (?)	15.76%	14.87%	8.23%	4.79%	4.44%
Net Profit Margin (?)	12.89%	12.54%	8.44%	3.92%	3.00%
R&D Expense/Revenue (?)	10.65%	9.48%	10.45%	11.73%	11.75%
COGS/Revenue (?)	53.39%	55.55%	57.54%	60.25%	60.86%
SG&A Expense/Revenue (?)	19.03%	19.21%	21.52%	21.95%	21.49%
Management Effectiveness
Return on Assets (?)	9.89%	9.99%	5.53%	2.54%	1.96%
Return on Equity (?)	14.96%	15.58%	8.92%	4.17%	3.57%
Valuation
Free Cash Flow/Share (?)	1.63	2.35	1.73	1.44	1.10
Operating Cash Flow/Share  (?)	2.21	2.71	1.96	1.80	1.46

Current Market Multiples
Market Cap/Earnings (TTM) (?)	31.77
Market Cap/Equity (MRQ) (?)	3.77
Market Cap/Revenue (TTM) (?)	4.14
Market Cap/EBIT (TTM) (?)	24.58
Market Cap/EBITDA (TTM) (?)	20.18
Enterprise Value/Earnings (TTM) (?)	28.36
Enterprise Value/Equity (MRQ) (?)	3.37
Enterprise Value/Revenue (TTM) (?)	3.69
Enterprise Value/EBIT (TTM) (?)	21.95
Enterprise Value/EBITDA (TTM) (?)	18.02

FEI Company

Hillsboro, Oregon, United States, Tel: 503-726-7500, URL: http://www.fei.com

Stock Report

Stock Snapshot

Traded: NASDAQ: FEIC

As of 18-Oct-2013    US Dollars

Recent Price	$88.84	EPS	$2.85
52 Week High	$89.55	Price/Sales	4.16
52 Week Low	$49.40	Dividend Rate	$0.48
Avg. Volume (mil)	0.23	Price/Earnings	24.35
Market Value (mil)	$3,708.73	Price/Book	4.07
		Beta	1.38

	Price % Change	Rel S&P 500%
4 Week	2.92%	0.88%
13 Week	14.65%	11.20%
52 Week	72.91%	44.45%
Year to Date	60.16%	30.94%

Source: Reuters

2 Year Weekly End Price & Volume

Stock History

Market Cap History
	30-Jun-13	% Chg	31-Mar-13	% Chg	31-Dec-12	% Chg	30-Sep-12	% Chg	1-Jul-12	% Chg
Total Common Shares Outstanding	42	8.2	39	0.2	38	1.0	38	0.1	38	0.4
Market Cap	3,048.2	22.4	2,489.5	16.6	2,134.4	4.7	2,038.7	12.2	1,816.6	-4.6

Yearly Price History
	2013	% Chg	2012	% Chg	2011	% Chg	2010	% Chg	2009	% Chg
High Price	89.55	58.6	56.48	31.3	43.00	60.5	26.79	1.1	26.50	-9.1
Low Price	55.61	39.0	40.00	55.3	25.75	56.0	16.51	45.3	11.36	-28.4
Year End Price	88.84	60.2	55.47	36.0	40.78	54.4	26.41	13.1	23.36	23.9

Monthly Price History
Price Ending Date	Open	High	Low	Close	Volume
18-Oct-13	87.41	89.55	82.52	88.84	2,882,963
30-Sep-13	79.15	88.86	77.96	87.80	3,600,153
30-Aug-13	78.18	80.13	71.04	78.28	6,090,115
31-Jul-13	73.58	79.25	71.63	77.45	4,404,268
28-Jun-13	71.55	75.73	70.98	73.02	4,794,884
31-May-13	63.51	73.46	63.03	72.01	5,917,433
30-Apr-13	64.41	65.87	61.89	63.88	4,734,678
28-Mar-13	63.44	65.25	60.81	64.55	4,647,688
28-Feb-13	61.42	65.29	57.50	63.34	5,457,443
31-Jan-13	56.53	64.74	55.61	60.96	8,910,513
31-Dec-12	54.89	56.06	51.90	55.47	4,394,145
30-Nov-12	54.05	55.77	49.45	55.03	5,276,777
31-Oct-12	53.87	55.70	49.40	55.05	6,896,369

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.73
UK Pound	1	Rs.100.92
Euro	1	Rs.84.06

INFORMATION DETAILS

Report Prepared by :

PDT

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.