Orbotech Announces Third Quarter 2012 Results

  Orbotech Announces Third Quarter 2012 Results

Business Wire

YAVNE, Israel -- November 05, 2012

ORBOTECH LTD. (NASDAQ/GSM SYMBOL: ORBK) today announced its consolidated
financial results for the third quarter and nine months ended September 30,
2012.

Revenues for the third quarter of 2012 totaled $98.9 million, compared to
$101.3 million in the second quarter of 2012 and $144.4 million recorded in
the third quarter of 2011. GAAP net loss for the third quarter of 2012 was
$45.7 million, or $1.05 per share, compared to GAAP net loss of $0.8 million,
or $0.02 per share in the second quarter of 2012 and GAAP net income of $14.7
million, or $0.34 per share (diluted), in the third quarter of 2011.

GAAP net loss for the third quarter of 2012 reflects: (a) a non-cash
impairment charge of $30.0 million, or $0.69 per share, relating to intangible
assets allocated to the Company’s flat panel display (“FPD”) business,
following the assessment and testing of the value of those assets in light of
the changed FPD industry and business conditions; (b) a write-down of
inventories and a provision for open commitments in the amount of $14.3
million, or $0.33 per share, relating primarily to components for the
Company’s FPD products, which takes into consideration the Company’s current
inventory levels and its assessment as to anticipated future demand for its
FPD products; and (c) $1.7 million of costs in connection with the ongoing
Korean litigation, which are recorded in general and administrative expenses.

Revenues for the first nine months of 2012 totaled $300.4 million, compared to
$432.0 million recorded in the first nine months of 2011. GAAP net loss for
the first nine months of 2012 was $44.8 million, or $1.03 per share, compared
to GAAP net income of $44.8 million, or $1.13 per share (diluted), in the
first nine months of 2011.

Non-GAAP net loss for the third quarter of 2012 was $12.3 million, or $0.28
per share, compared to non-GAAP net income of $18.6 million, or $0.42 per
share (diluted), in the third quarter of 2011. Non-GAAP net loss for the first
nine months of 2012 was $1.7 million, or $0.04 per share, compared to non-GAAP
net income of $55.7 million, or $1.40 per share (diluted), in the first nine
months of 2011. A reconciliation of each of the Company’s non-GAAP measures to
the comparable GAAP measure is included at the end of this press release.

In the Company’s Production Solutions for Electronics Industry segment, sales
of equipment to the printed circuit board (“PCB”) industry were $42.0 million
in the third quarter of 2012, compared to $48.6 million in the second quarter
of 2012 and $56.6 million in the third quarter of 2011; and sales of equipment
to the FPD industry were $15.3 million in the third quarter of 2012, compared
to $12.3 million in the second quarter of 2012 and $49.6 million in the third
quarter of 2011. In the Company’s Recognition Software segment, sales were
$2.0 million in the third quarter of 2012, compared to $1.7 million in the
second quarter of 2012 and $1.8 million in the third quarter of 2011. In
addition, service revenue for the third quarter of 2012 reached a quarterly
record $39.6 million, compared to $38.7 million in the second quarter of 2012
and $36.4 million in the third quarter of 2011.

The Company completed the quarter with cash, cash equivalents, short-term bank
deposits and marketable securities of $276.2 million and debt of $72 million,
compared with cash, cash equivalents, short-term bank deposits and marketable
securities of $279.1 million and debt of $80 million at the end of the second
quarter of 2012. The Company generated cash of $7.9 million from continuing
operations in the third quarter of 2012.

As previously announced, the Company is adopting certain measures designed to
realign its infrastructure with current revenue levels and business
conditions. These include a reduction in the Company’s worldwide workforce in
the fourth quarter of 2012, consolidation of certain Company facilities and
other cost-cutting measures, that will result in a restructuring charge of
approximately $4.0 million, which will be recorded in the fourth quarter of
2012. The Company expects these measures to result in a reduction of
approximately $10 - 12 million of annual operating expenses during 2013.
Orbotech is continuing to invest in research and development programs to
foster future growth, improve its technological leadership and enhance its
worldwide customer service and support infrastructure.

As previously reported, the Company’s Korean subsidiary and six local
employees have been indicted in Korea, and the investigation into the actions
of employees of the Company and its subsidiaries outside Korea is ongoing. On
October 26, 2012, the Korean court released on bail the three Korean employees
who had previously been arrested. These legal proceedings are ongoing and the
Company’s Korean subsidiary continues to co-operate with the Korean
authorities in this matter.

The Company is also separately announcing today that, pursuant to approval
granted by its Board of Directors, it proposes to allocate $30 million to
undertake the purchase of its Ordinary Shares. Such purchases will be subject,
among other things, to the share price and market conditions and will be made
in accordance with all applicable laws and regulations.

Commenting on the quarter, Rani Cohen, President and Chief Executive Officer,
said: “The lower than expected revenue levels recorded for the third, and
anticipated for the fourth, quarters of 2012 reflect the challenging business
environment and associated high degree of uncertainty currently prevailing in
our industries and throughout the global economy. These factors have impacted
commercial and consumer spending, causing a number of PCB manufacturers to
defer capital expenditure decisions. At the same time, while FPD manufacturers
are beginning to experience higher utilization rates, which we believe will in
the future translate into new orders for the Company, they remain very
cautious at this time about placing new orders. We expect this overall
business environment to continue through the first half of 2013, and are
therefore taking action to realign our worldwide organization and workforce,
while still investing in key product development capabilities. This will
enhance our ability to maintain - and even improve - our leadership position
within the industries that we serve and will allow us to capitalize on
opportunities arising once business conditions begin to improve.”

An earnings conference call for the Company’s third quarter 2012 results is
scheduled for Monday, November 5, 2012, at 9:00 a.m. EST. The dial-in number
for the conference call is 773-756-4789, and a replay will be available on
telephone number 203-369-3180 until November 19, 2012. The pass code is Q3. A
live web cast of the conference call and a replay can also be heard by
accessing the investor relations section on the Company’s website at
www.orbotech.com.

About Orbotech Ltd.

Orbotech Ltd. (NASDAQ/GSM: ORBK) has been at the cutting edge of the
electronics industry supply chain, as an innovator of enabling technologies
used in the manufacture of the world’s most sophisticated consumer and
industrial products, for over 30 years. The Company is a leading provider of
yield-enhancing and production solutions, primarily for manufacturers of
printed circuit boards, flat panel displays and other electronic components;
and today, virtually every electronic device is produced using Orbotech
technology. The Company also applies its core expertise and resources in other
advanced technology areas, including character recognition for check and forms
processing and solar photovoltaic manufacturing. Headquartered in Israel and
operating from multiple locations internationally, Orbotech’s highly talented
and inter-disciplinary professionals design, manufacture, sell and service the
Company’s end-to-end portfolio of solutions for the benefit of customers the
world over. For more information please see the Company’s filings with the
U.S. Securities and Exchange Commission at www.sec.gov. and visit the
Company’s corporate website at www.orbotech.com. The corporate website is not
incorporated herein by reference and is included as an inactive textual
reference only.

Cautionary Statement Regarding Forward-Looking Statements

Except for historical information, the matters discussed in this press release
are forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. These statements relate to, among
other things, future prospects, developments and business strategies and
involve certain risks and uncertainties. The words “anticipate,” “believe,”
“could,” “will,” “plan,” “expect” and “would” and similar terms and phrases,
including references to assumptions, have been used in this press release to
identify forward-looking statements. These forward-looking statements are made
based on management’s expectations and beliefs concerning future events
affecting Orbotech and are subject to uncertainties and factors relating to
its operations and business environment, all of which are difficult to predict
and many of which are beyond the Company’s control. Many factors could cause
the actual results to differ materially from those projected including,
without limitation, the timing, terms and success of any strategic
transaction, the outcome and impact of the pending criminal matter and ongoing
investigation in Korea, including any impact on existing or future business
opportunities in Korea and elsewhere, any civil actions related to the Korean
matter brought by third parties, including the Company’s customers, which may
result in monetary judgments or settlements, expenses associated with the
Korean matter, cyclicality in the industries in which the Company operates,
the Company’s production capacity, timing and occurrence of product
acceptance, fluctuations in product mix, worldwide economic conditions
generally, especially in the industries in which the Company operates, the
timing and strength of product and service offerings by the Company and its
competitors, changes in business or pricing strategies, changes in the
prevailing political and regulatory framework in which the relevant parties
operate or in economic or technological trends or conditions, including
currency fluctuations, inflation and consumer confidence, on a global,
regional or national basis, the level of consumer demand for sophisticated
devices such as smartphones, tablets and other electronic devices and other
risks detailed in the Company’s SEC reports, including the Company’s Annual
Report on Form 20-F for the year ended December 31, 2011. The Company assumes
no obligation to update the information in this press release to reflect new
information, future events or otherwise, except as required by law.

Non-GAAP Financial Measures

Non-GAAP net income, non-GAAP net income from continuing operations and
non-GAAP net income from continuing operations per share detailed in the
Reconciliation exclude charges, income or losses, as applicable, related to
one or more of the following: (i) equity-based compensation expenses; (ii)
certain items associated with acquisitions, including amortization and
impairment of intangibles; (iii) discontinued operations; (iv) restructuring
charges; and/or (v) share in losses of associated company. Management uses
these non-GAAP measures to evaluate the Company’s operating and financial
performance in light of business objectives and for planning purposes. These
measures are not in accordance with GAAP and may differ from non-GAAP methods
of accounting and reporting used by other companies. Orbotech believes that
these measures enhance investors’ ability to review the Company’s business
from the same perspective as the Company’s management and facilitate
comparisons with results for prior periods. The presentation of this
additional non-GAAP information should not be considered in isolation or as a
substitute for net income; net income attributable to Orbotech Ltd. or
earnings per share prepared in accordance with GAAP, and should be read only
in conjunction with the Company’s consolidated financial statements prepared
in accordance with GAAP. The reasons why management uses these measures, the
usefulness of these measures and the material limitations on the usefulness of
these measures are set forth below. For a detailed explanation of the
adjustments made to comparable GAAP measures, please see the Reconciliation.

To supplement the Company’s financial results presented on a GAAP basis, the
Company uses the non-GAAP measures indicated in the Reconciliation, which
exclude equity based compensation expenses, amortization of intangible assets,
in-process research and development charges, share in losses/profits of
associated companies and impairment and restructuring charges, as well as
certain financial expenses and non-recurring income items that are believed to
be helpful in understanding and comparing past operating and financial
performance with current results. However, the non-GAAP measures presented are
subject to limitations as an analytical tool because they exclude recurring
items (such as equity compensation and amortization of intangible assets) as
described below and because they do not reflect certain cash expenditures that
are required to operate the Company’s business, such as interest expense and
taxes. Accordingly, these non-GAAP financial measures are not meant to be
considered in isolation or as a substitute for comparable GAAP measures and
should be read only in conjunction with the Company’s consolidated financial
statements prepared in accordance with GAAP. Management regularly utilizes
supplemental non-GAAP financial measures internally to understand, manage and
evaluate the Company’s business and make operating decisions. These non-GAAP
measures are among the primary factors management uses in planning for and
forecasting future periods. Non-GAAP financial measures reflect adjustments
based on the following items, as well as the related income tax effects.

The effect of equity-based compensation expenses has been excluded from the
non-GAAP measures. Although equity-based compensation is a key incentive
offered to employees, and the Company believes such compensation contributed
to the revenues earned during the periods presented and also believes it will
contribute to the generation of future period revenues, the Company continues
to evaluate its business performance excluding equity based compensation
expenses. Equity-based compensation expenses will recur in future periods.

The effects of amortization of intangible assets have also been excluded from
the measures. This item is inconsistent in amount and frequency and is
significantly affected by the timing and size of acquisitions. Investors
should note that the use of intangible assets contributed to revenues earned
during the periods presented and will contribute to future period revenues as
well. Amortization of intangible assets will recur in future periods and the
Company may be required to record additional impairment charges in the future.
The Company believes that it is useful for investors to understand the effects
of these items on total operating expenses. For more information about these
items, see the Reconciliation and the Company’s Annual Report on Form 20-F
filed with the SEC for the year ended December 31, 2011.


ORBOTECH LTD.
CONDENSED CONSOLIDATED BALANCE SHEETS
AT SEPTEMBER 30, 2012
                                                                
                                                    September 30   December 31
                                                    2012           2011
                                                    U.S. dollars in thousands
A s s e t s
                                                                   
CURRENT ASSETS:
Cash and cash equivalents                           231,617        151,237
Short-term bank deposits                            29,708         145,292
Marketable securities                               3,810
Accounts receivable:
Trade                                               179,434        196,232
Other                                               28,098         26,163
Deferred income taxes                               7,600          6,580
Inventories                                         97,936         105,109
                                                                  
T o t a l current assets                            578,203       630,613  
                                                                   
INVESTMENTS AND NON-CURRENT ASSETS:
Marketable securities                               11,106
Funds in respect of employee rights upon            11,758         11,846
retirement
Deferred income taxes                               11,598         8,999
Other long-term investments                         2,221         2,426    
                                                    36,683        23,271   
                                                                   
PROPERTY, PLANT AND EQUIPMENT, net                  25,729        26,664   
                                                                   
GOODWILL                                            12,444        12,444   
                                                                   
OTHER INTANGIBLE ASSETS, net                        15,595        54,491   
                                                                  
                                                    668,654       747,483  
                                                                   
                                                                   
Liabilities and equity
                                                                   
CURRENT LIABILITIES:
Current maturities of long-term bank loan           32,000         32,000
Accounts payable and accruals:
Trade                                               34,733         32,357
Other                                               47,654         57,590
Deferred income                                     19,367         25,910
                                                                  
T o t a l current liabilities                       133,754        147,857
                                                                   
LONG-TERM LIABILITIES:
Long-term bank loan                                 40,000         64,000
Liability for employee rights upon retirement       27,240         26,797
Deferred income taxes                               1,708          1,759
Other tax liabilities                               17,216        16,938   
T o t a l long-term liabilities                     86,164         109,494
                                                                  
T o t a l liabilities                               219,918       257,351  
                                                                   
EQUITY:
Share capital                                       2,101          2,092
Additional paid-in capital                          274,071        270,966
Retained earnings                                   229,303        274,148
Accumulated other comprehensive income (loss)       (112      )    (1,460   )
                                                    505,363        545,746
Less treasury shares, at cost                       (57,192   )    (57,192  )
T o t a l Orbotech Ltd. shareholders' equity        448,171        488,554
Non-controlling interest                            565           1,578    
T o t a l equity                                    448,736       490,132  
                                                                  
                                                    668,654       747,483  
                                                                            


ORBOTECH LTD.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
FOR THE NINE AND THREE MONTH PERIODS ENDED SEPTEMBER 30, 2012
                                                             
                                                                   12 months
                       9 months ended        3 months ended        ended
                       September 30          September 30          December 31
                       2012       2011      2012       2011      2011
                       U.S. dollars in thousands (except per share data)
                                                                   
REVENUES               300,430     431,980   98,876      144,364   565,313
                                                                   
COST OF REVENUES       174,246     251,405   59,568      83,675    329,442
                                                                   
WRITE-DOWN OF          14,255                14,255                6,743
INVENTORIES
                                                               
GROSS PROFIT           111,929     180,575   25,053      60,689    229,128
                                                                   
RESEARCH AND
DEVELOPMENT COSTS  -   54,062      62,582    17,938      21,332    84,180
net

SELLING, GENERAL AND
ADMINISTRATIVE         57,160      53,689    19,203      17,993    72,583
EXPENSES
                                                                   
AMORTIZATION OF        8,916       9,213     2,852       3,071     12,304
INTANGIBLE ASSETS
                                                                   
RESTRUCTURING          1,918
CHARGES
                                                                   
IMPAIRMENT OF          29,980                29,980
INTANGIBLE ASSETS
                                                               
OPERATING INCOME       (40,107 )   55,091    (44,920 )   18,293    60,061
(LOSS)
                                                                   
FINANCIAL EXPENSES     5,247       5,706     1,808       1,810     6,551
- net
                                                               
INCOME (LOSS) FROM
CONTINUING             (45,354 )   49,385    (46,728 )   16,483    53,510
OPERATIONS BEFORE
TAXES ON INCOME
                                                                   
TAXES ON INCOME (TAX   222         5,822     (742    )   1,703     7,677
BENEFIT)
                                                               
                       (45,576 )   43,563    (45,986 )   14,780    45,833
                                                                   
SHARE IN LOSSES OF     115         109       50          49        179
ASSOCIATED COMPANY
                                                               
NET INCOME (LOSS)
FROM CONTINUING        (45,691 )   43,454    (46,036 )   14,731    45,654
OPERATIONS
                                                                   
INCOME FROM
DISCONTINUED                       1,363                           1,363
OPERATIONS, NET OF
TAX
                                                               
NET INCOME (LOSS)      (45,691 )   44,817    (46,036 )   14,731    47,017
                                                                   
NET INCOME (LOSS)
ATTRIBUTABLE TO THE    (846    )   25        (342    )   25        (322     )
NON-CONTROLLING
INTEREST
                                                               
NET INCOME (LOSS)
ATTRIBUTABLE TO        (44,845 )   44,792    (45,694 )   14,706    47,339   
ORBOTECH LTD.
                                                                   
AMOUNTS ATTRIBUTABLE
TO ORBOTECH LTD.:
INCOME (LOSS) FROM
CONTINUING             (44,845 )   43,429    (45,694 )   14,706    45,976
OPERATIONS
                                                                   
INCOME FROM
DISCONTINUED                       1,363                           1,363
OPERATIONS, NET OF
TAX
                                                               
NET INCOME (LOSS)
ATTRIBUTABLE TO        (44,845 )   44,792    (45,694 )   14,706    47,339   
ORBOTECH LTD.
                                                                   
                                                                   
EARNINGS PER SHARE:
INCOME (LOSS) FROM
CONTINUING
OPERATIONS:
BASIC                  ($1.03  )   $1.12     ($1.05  )   $0.34     $1.15    
                                                                   
DILUTED                ($1.03  )   $1.09     ($1.05  )   $0.34     $1.13    
                                                                   
NET INCOME (LOSS)
ATTRIBUTABLE TO
ORBOTECH LTD.:
BASIC                  ($1.03  )   $1.15     ($1.05  )   $0.34     $1.19    
                                                                   
DILUTED                ($1.03  )   $1.13     ($1.05  )   $0.34     $1.16    


WEIGHTED AVERAGE
NUMBER OF SHARES
USED IN COMPUTATION
OF EARNINGS PER
SHARE - IN
THOUSANDS:
BASIC                  43,482     38,785    43,537     43,177    39,909   
                                                                   
DILUTED                43,482     39,759    43,537     43,872    40,816   
                                                                            


ORBOTECH LTD.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE NINE AND THREE MONTH PERIODS ENDED SEPTEMBER 30, 2012
                                                             
                                                                   12 months
                  9 months ended           3 months ended          ended
                  September 30             September 30            December 31
                  2012        2011         2012        2011        2011
                  U.S. dollars in thousands
CASH FLOWS FROM
OPERATING
ACTIVITIES:
                                                                   
Net income        (45,691 )   44,817       (46,036 )   14,731      47,017
(loss)
Adjustment to
reconcile net
income to net
cash provided
by operating
activities:
Income from
discontinued                  (1,363   )                           (1,363    )
operations
Depreciation
and               14,724      15,073       4,791       5,095       19,958
amortization
Impairment of
Intangible        29,980                   29,980
assets
Compensation
relating to
equity awards     2,286       2,915        480         778         3,728
granted to
employees and
others - net
Increase
(decrease) in
liability for     720         (54      )   626         (516    )   (704      )
employee rights
upon retirement
Non-cash
expenses in       601
respect of
restructuring
Deferred income   (3,670  )   2,335        (2,471  )   1,038       2,584
taxes
Loss from sales
and write down                395                                  395
of marketable
securities
Others            1,142       1,069        847         1,023       1,224
Decrease
(increase) in
accounts
receivable:
Trade             16,798      (43,485  )   2,889       (12,703 )   (42,714   )
Other             (1,860  )   1,121        (462    )   1,524       2,698
Increase
(decrease) in
accounts
payable and
accruals:
Trade             2,376       13,271       5,008       (12,841 )   5,822
Deferred income   (15,161 )   5,753        739         3,508       6,105
and other
Decrease
(increase) in     7,574      (8,116   )   11,504     1,805      6,870     
inventories
Net cash
provided by
operating         9,819       33,731       7,895       3,442       51,620
activities -
continuing
operations
Net cash used
in operating
activities -                 (740     )              0          (787      )
discontinued
operations
Net cash
provided by       9,819      32,991      7,895      3,442      50,833    
operating
activities
                                                                   
CASH FLOWS FROM
INVESTING
ACTIVITIES:
                                                                   
Purchase of
property, plant   (6,561  )   (5,188   )   (3,102  )   (2,803  )   (7,554    )
and equipment
Withdraw
(placement) of    115,584     (127,300 )   50,010      (67,300 )   (142,325  )
bank deposits
Realization
(purchase) of     (14,935 )   1,967                                1,967
marketable
securities
Other                         (2,310   )               (810    )   (2,810    )
investment
Proceeds from
disposal of                   35                                   35
property, plant
and equipment
Decrease
(increase) in
funds in          (189    )   (13      )   41         200        331       
respect of
employee rights
upon retirement
Net cash
provided by
(used in)
investing         93,899      (132,809 )   46,949      (70,713 )   (150,356  )
activities -
continuing
operations
Net cash
provided by
investing                    9,155                             9,155     
activities -
discontinued
operations
Net cash
provided by
(used in)         93,899     (123,654 )   46,949     (70,713 )   (141,201  )
investing
activities
                                                                   
CASH FLOWS FROM
FINANCING
ACTIVITIES:
                                                                   
Repayment of
long-term bank    (24,000 )   (24,000  )   (8,000  )   (8,000  )   (32,000   )
loan
Employee stock
options           662         1,649        51          219         2,063
exercised
Proceeds from
issuance of                  90,683                            90,683    
shares, net
Net cash
provided by
(used in)         (23,338 )   68,332      (7,949  )   (7,781  )   60,746    
financing
activities
                                                               
NET INCREASE
(DECREASE) IN     80,380      (22,331  )   46,895      (75,052 )   (29,622   )
CASH AND CASH
EQUIVALENTS
                                                                   
CASH AND CASH
EQUIVALENTS AT    151,237     180,859      184,722     233,580     180,859
BEGINNING OF
PERIOD
                                                               
CASH AND CASH
EQUIVALENTS AT    231,617    158,528      231,617    158,528    151,237   
END OF PERIOD
                                                                             


ORBOTECH LTD.
RECONCILIATION OF GAAP TO NON-GAAP RESULTS FROM CONTINUING OPERATIONS
FOR THE NINE AND THREE MONTH PERIODS ENDED SEPTEMBER 30, 2012
                                                             
                                                                   
                                                                   12 months
                       9 months ended         3 months ended       ended
                       September 30           September 30         December 31
                       2012        2011       2012        2011     2011
                       U.S. dollars in thousands (except per share data)
                                                                   
                                                                   
Reported operating
income (loss) on       (40,107 )   55,091    (44,920 )   18,293   60,061   
GAAP basis
                                                                   
Equity based
compensation           2,230       2,915      480         778      3,728
expenses
Restructuring          1,918
charges
Impairment of          29,980                 29,980
Intangible assets
Amortization of        8,916      9,213     2,852      3,071    12,304   
intangible assets
Non-GAAP operating     2,937      67,219    (11,608 )   22,142   76,093   
income
                                                                   
Reported net income
(loss) attributable    (44,845 )   44,792    (45,694 )   14,706   47,339   
to Orbotech Ltd. on
GAAP basis
                                                                   
Equity based
compensation           2,230       2,915      480         778      3,728
expenses
Amortization of        8,916       9,213      2,852       3,071    12,304
intangible assets
Income from
discontinued                       (1,363 )                        (1,363   )
operations
Restructuring          1,918
charges
Impairment of          29,980                 29,980
Intangible assets
Share in losses of     115         109        50          49       179
associated company
                                                               
Non-GAAP net income
(loss) from            (1,686  )   55,666    (12,332 )   18,604   62,187   
continuing
operations
                                                                   
Non-GAAP earnings      ($0.04  )   $1.40     ($0.28  )   $0.42    $1.52    
per diluted share
                                                                   
Shares used in
earnings per diluted   43,482     39,759    43,537     43,872   40,816   
share calculation-in
thousands

Contact:

Orbotech Ltd.
Adrian Auman, +972-8-942-3560
Corporate Vice President Investor Relations
and Special Projects
or
Orbotech, Inc.
Michelle Harnish, +1-603-289-7937
Marketing Communications Manager
 
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