Orbotech Announces Third Quarter 2013 Results

  Orbotech Announces Third Quarter 2013 Results

  *2013 third quarter:

       *Revenues: increased to $113.4 million
       *Gross margin: improved to 44.6%
       *GAAP net income: $0.28 per share (diluted)
       *Non-GAAP net income: $0.32 per share (diluted)
       *Operating cash flow: $22.7 million

  *2013 guidance:

       *Revenues for 2013: approximately $440 million

Business Wire

YAVNE, Israel -- October 31, 2013

ORBOTECH LTD. (NASDAQ/GSM SYMBOL: ORBK) today announced its consolidated
financial results for the third quarter and nine months ended September 30,
2013.

Commenting on the results, Asher Levy, Chief Executive Officer, said: “We are
pleased to report a strong third quarter, in which we posted increased
revenues and improved gross margins and operating income. While revenues from
our traditional PCB business were slightly lower than in the second quarter,
we posted record quarterly revenues of more than $10 million in our
electronics component manufacturing business. In the FPD industry, we are
seeing increased activity as manufacturers solidify their investment plans,
particularly in China. Our service organization continues to provide highest
quality service to our customers, as is clearly reflected in our results for
the quarter which included record service revenues. As we previously
announced, Orbotech has recently established two new corporate units:
‘Strategy and Business Development’ and ‘Global Product Organization’. We
believe that these new business units better position the Company in pursuing
selective strategic business transactions, including acquisitions of related
businesses, as part of its corporate strategy, and in continuing to provide
our customers with innovative solutions.”

Revenues for the third quarter of 2013 totaled $113.4 million, compared to
$108.8 million in the second quarter of 2013 and $95.6 million in the third
quarter of 2012. GAAP net income for the third quarter of 2013 was $11.9
million, or $0.28 per share (diluted), compared to GAAP net income of $10.5
million, or $0.24 per share (diluted) in the second quarter of 2013 and GAAP
net loss of $45.7 million, or $1.05 per share, in the third quarter of 2012.

GAAP net loss for the third quarter of 2012 reflected: (a) a non-cash
impairment charge of $30.0 million relating to intangible assets allocated to
the Company’s flat panel display (“FPD”) business; (b) a write-down of
inventories and a provision for open commitments in the amount of $14.3
million; and (c) $1.7 million of costs in connection with the Korean
litigation, which were recorded in general and administrative expenses.

Non-GAAP net income for the third quarter of 2013 was $13.6 million, or $0.32
per share (diluted), compared to non-GAAP net loss of $12.3 million, or $0.28
per share, in the third quarter of 2012.

Revenues for the first nine months of 2013 totaled $317.8 million, compared to
$289.9 million recorded in the first nine months of 2012. GAAP net income for
the first nine months of 2013 was $27.4 million, or $0.63 per share (diluted),
compared to GAAP net loss of $44.8 million, or $1.03 per share, in the first
nine months of 2012.

Non-GAAP net income for the first nine months of 2013 was $32.9 million, or
$0.76 per share (diluted), compared to non-GAAP net loss of $1.7 million, or
$0.04 per share, in the first nine months of 2012. 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 $45.5 million
in the third quarter of 2013, compared to $51.1 million in the second quarter
of 2013 and $40.3 million in the third quarter of 2012; and sales of equipment
to the FPD industry were $26.5 million in the third quarter of 2013, compared
to $20.2 million in the second quarter of 2013 and $15.2 million in the third
quarter of 2012. In the Company’s Recognition Software segment, sales were
$2.3 million in the third quarter of 2013, compared to $1.7 million in the
second quarter of 2013 and $2.0 million in the third quarter of 2012. Service
revenue for the third quarter of 2013 reached a quarterly record $39.1
million, compared to $35.8 million in the second quarter of 2013 and $38.1
million in the third quarter of 2012.

The Company completed the quarter with cash, cash equivalents, short-term bank
deposits and marketable securities of $221.1 million and debt of $8 million.
The Company generated cash of $22.7 million from continuing operations in the
third quarter of 2013.

To date, the Company has repurchased approximately 2.3 million of its Ordinary
Shares, at a total cost of approximately $26.0 million, under the share
repurchase program originally approved in November 2012. Pursuant to approval
granted by its Board of Directors, the Company will continue to repurchase
shares, up to the originally approved total of $30 million. 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.

The initial trial in the criminal proceeding against the Company’s Korean
subsidiary and certain of its employees is in its final stage. The district
court decision is currently expected by the end of November, subject to change
depending on the court’s schedule. Orbotech continues to have faith in the
judicial process and believes that it has safeguarded customers’ information
from inappropriate disclosure in all circumstances. While the Company
continues to incur fees and expenses in connection with this matter, the
fiscal effect in the third quarter of 2013 was not material.

Due to the elimination of the proportionate method of consolidation for joint
ventures under applicable Israeli GAAP, which became effective on January 1,
2013, commencing from the first quarter of 2013 Orbotech Ltd. began to account
for its 50% interest in the Frontline P.C.B. Solutions Limited Partnership
(“Frontline”), the joint venture owned equally by Orbotech Ltd. and Mentor
Graphics Development Services (Israel) Ltd.) with respect to computer-aided
manufacturing and engineering solutions for PCB production, using the equity
method. As a result, the Company now reports its investment in Frontline as a
one line item within investments and other non-current assets in the Company’s
consolidated balance sheets; and its share of earnings on one line in its
consolidated statement of operations. This presentation has been applied in
the Company’s financial statements for all prior periods for consistency. The
Company’s share in the earnings of Frontline was presented under operating
income since Frontline is integrated into the operations of the Company.

An earnings conference call for the Company’s third quarter 2013 results is
scheduled for Thursday, October 31, 2013, at 9:00 a.m. EST. The dial-in number
for the conference call is 517-308-9494, and a replay will be available on
telephone number 203-369-1354 until November 15, 2013. 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.
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 (the “SEC”) 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 its 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, 2012. 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 certain
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.

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, 2012.


ORBOTECH LTD.
CONDENSED CONSOLIDATED BALANCE SHEETS
AT SEPTEMBER 30, 2013
                                                          
                                           September 30           December 31
                                           2013                   2 0 1 2*
                                           U. S. dollars in thousands
A s s e t s
                                                                  
CURRENT ASSETS:
Cash and cash equivalents                  162,816                256,663
Short-term bank deposits                   43,013                 3,014
Marketable securities                      7,756                  2,238
Accounts receivable:
Trade                                      184,272                164,482
Other                                      32,553                 29,836
Deferred income taxes                      6,977                  7,862
Inventories                                92,936                 93,854
                                                                 
T o t a l current assets                   530,323               557,949   
                                                                  
INVESTMENTS AND NON-CURRENT
ASSETS:
Marketable securities                      7,474                  12,788
Funds in respect of employee               10,742                 10,598
rights upon retirement
Deferred income taxes                      16,250                 13,634
Other long-term investments                8,703                 7,592     
                                           43,169                44,612    
                                                                  
PROPERTY, PLANT AND EQUIPMENT,             27,445                24,559    
net
                                                                  
GOODWILL                                   12,444                12,444    
                                                                  
OTHER INTANGIBLE ASSETS, net               11,412                14,442    
                                                                 
                                           624,793               654,006   
                                                                  
                                                                  
Liabilities and equity
                                                                  
CURRENT LIABILITIES:
Current maturities of long-term            8,000                  64,000
bank loan
Accounts payable and accruals:
Trade                                      32,413                 27,472
Other                                      58,946                 53,698
Deferred income                            21,870                 17,388
                                                                 
T o t a l current liabilities              121,229                162,558
                                                                  
LONG-TERM LIABILITIES:
Liability for employee rights              25,781                 25,221
upon retirement
Deferred income taxes                      2,238                  2,236
Other tax liabilities                      17,909                16,478    
T o t a l long-term liabilities            45,928                 43,935
                                                                 
T o t a l liabilities                      167,157               206,493   
                                                                  
EQUITY:
Share capital                              2,115                  2,102
Additional paid-in capital                 279,215                274,856
Retained earnings                          255,955                228,569
Accumulated other comprehensive            358                   628       
income
                                           537,643                506,155
Less treasury shares, at cost              (79,981   )            (59,151   )
T o t a l Orbotech Ltd.                    457,662                447,004
shareholders' equity
Non-controlling interest                   (26       )            509       
T o t a l equity                           457,636               447,513   
                                                                 
                                           624,793               654,006   
                                                                  
                                                                  
                                                                  
* Applying Equity Based Method to 50% interest in the Frontline P.C.B.
Solutions Limited Partnership

                                                                      
ORBOTECH LTD.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
FOR THE NINE AND THREE MONTH PERIODS ENDED SEPTEMBER 30, 2013
                                                                                     
                      9 months ended                 3 months ended                  12 months
                      September 30                   September 30                    ended
                                                                                     December31
                      2013           2012*           2013           2012*           2012*
                      U.S. dollars in thousands (except per share data)
                                                                                     
REVENUES              317,760        289,883         113,435         95,569          387,008
                                                                                     
COST OF               180,507        172,956         62,893          59,151          233,447
REVENUES
                                                                                     
WRITE- DOWN OF                       14,255                          14,255          14,255
INVENTORIES
                                                                                 
GROSS PROFIT          137,253        102,672         50,542          22,163          139,306
                                                                                     
RESEARCH AND
DEVELOPMENT           50,973         51,734          17,640          17,174          68,703
COSTS  - net
                                                                                     
SELLING,
GENERAL AND
ADMINISTRATIVE
EXPENSES              53,776         55,583          18,992          18,709          73,051
                                                                                     
EQUITY IN
EARNINGS OF           (3,969  )      (5,352  )       (1,622  )       (1,632  )       (6,764   )
FRONTLINE
                                                                                     
AMORTIZATION OF
INTANGIBLE            3,030          8,916           1,010           2,852           9,907
ASSETS
                                                                                     
RESTRUCTURING                        1,918                                           5,063
CHARGES
                                                                                     
IMPAIRMENT OF
INTANGIBLE                           29,980                          29,980          30,142
ASSETS
                                                                                
OPERATING             33,443         (40,107 )       14,522          (44,920 )       (40,796  )
INCOME (LOSS)
                                                                                     
FINANCIAL             1,052          5,247           504             1,808           5,120
EXPENSES - net
                                                                                 
INCOME (LOSS)
FROM OPERATIONS       32,391         (45,354 )       14,018          (46,728 )       (45,916  )
BEFORE TAXES ON
INCOME
                                                                                     
TAXES ON INCOME       5,434          222             2,299           (742    )       456
(TAX BENEFIT)
                                                                                 
                      26,957         (45,576 )       11,719          (45,986 )       (46,372  )
                                                                                     
SHARE IN LOSSES
OF ASSOCIATED         183            115             69              50              165
COMPANY
                                                                                 
NET INCOME            26,774         (45,691 )       11,650          (46,036 )       (46,537  )
(LOSS)
                                                                                     
                                                                                     
NET LOSS
ATTRIBUTABLE TO
THE
NON-CONTROLLING       (612    )      (846    )       (225    )       (342    )       (958     )
INTEREST
                                                                                 
NET INCOME
(LOSS)                27,386        (44,845 )       11,875         (45,694 )       (45,579  )
ATTRIBUTABLE TO
ORBOTECH LTD.
                                                                                     
                                                                                     
                                                                                     
EARNINGS PER
SHARE:
INCOME (LOSS)
FROM
OPERATIONS:
BASIC                 $0.64         ($1.03  )       $0.28          ($1.05  )       ($1.05   )
                                                                                     
DILUTED               $0.63         ($1.03  )       $0.28          ($1.05  )       ($1.05   )
                                                                                     
                                                                                     
                                                                                     
WEIGHTED
AVERAGE NUMBER
OF SHARES USED
IN COMPUTATION
OF EARNINGS PER                                                                      
SHARE - IN
THOUSANDS:
BASIC                 42,819        43,482         42,248         43,537         43,501   
                                                                                     
DILUTED               43,450        43,482         43,113         43,537         43,501   
                                                                                     
                                                                                     
* Applying Equity Based Method to 50% interest in the Frontline P.C.B. Solutions Limited
Partnership

                                                                   
ORBOTECH LTD.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE NINE AND THREE MONTH PERIODS ENDED SEPTEMBER 30, 2013
                                                                                  
                                                                                  
                  9 months ended                  3 months ended                  12 months
                  September 30                    September 30                    ended
                                                                                  December31
                  2013            2012*           2013            2012*           2012*
                  U.S. dollars in thousands
CASH FLOWS
FROM
OPERATING
ACTIVITIES:
                                                                                  
Net income        26,774          (45,691 )       11,650          (46,036 )       (46,537  )
(loss)
Adjustment to
reconcile net
income to net
cash
provided by
operating
activities:
Depreciation
and               9,715           14,690          3,581           4,778           17,919
amortization
Impairment of
Intangible                        29,980                          29,980          30,142
assets
Compensation
relating to
equity awards
granted to
employees and     2,311           2,286           674             480             3,070
others - net
Increase
(decrease) in
liability for     560             730             1,194           626             (640     )
employee
rights upon
retirement
Deferred          (1,729  )       (3,670  )       (418    )       (2,471  )       (5,440   )
income taxes
Non-cash
expenses in                       601                                             601
respect of
restructuring
Capital gain
from disposal                     24                              75
of equipment
Amortization
of premium
and accretion
of discount
on marketable
Securities,       312                             94                              588
net
Equity in
earnings of
Frontline,        731             (1,410  )       (423    )       (81     )       (1,232   )
net of
dividend
received
Other             405             1,084           69              738             1,498
Decrease
(increase) in
accounts
receivable:
Trade             (19,790 )       16,780          1,013           2,876           31,725
Other             (3,019  )       (1,863  )       (1,060  )       (460    )       (2,708   )
Increase
(decrease) in
accounts
payable and
accruals:
Trade             4,941           2,354           (1,431  )       4,975           (4,789   )
Deferred
income and        11,980          (15,170 )       9,022           664             (14,679  )
other
Decrease
(increase) in     811            7,574          (1,311  )       11,504        11,925   
inventories
Net cash
provided by       34,002         8,299          22,654         7,648         21,443   
operating
activities
                                                                                  
CASH FLOWS
FROM
INVESTING
ACTIVITIES:
                                                                                  
Purchase of
property,         (10,206 )       (6,475  )       (3,701  )       (3,047  )       (9,484   )
plant and
equipment
Withdraw
(placement)       (39,999 )       115,584         10,500          50,010          142,278
of bank
deposits
Purchase of
marketable        (516    )       (14,935 )       (189    )                       (15,614  )
securities
Other             (2,250  )                       (2,050  )
investment
Proceeds from
disposal of
property,                                                                         3,034
plant and
equipment
Decrease
(increase) in
funds in
respect of
employee
rights upon       (186    )       (189    )       (63     )       40             (254     )
retirement
Net cash
provided by
(used in)         (53,157 )       93,985         4,497          47,003         119,960  
investing
activities
                                                                                  
CASH FLOWS
FROM
FINANCING
ACTIVITIES:
                                                                                  
Repayment of
long-term         (56,000 )       (24,000 )       (8,000  )       (8,000  )       (32,000  )
bank loan
Employee
stock options     2,138           662             1,228           51              719
exercised
Acquisition
of treasury       (20,830 )                      (9,137  )                      (1,959   )
shares
Net cash used
in financing      (74,692 )       (23,338 )       (15,909 )       (7,949  )       (33,240  )
activities
                                                                              
NET INCREASE
(DECREASE) IN     (93,847 )       78,946          11,242          46,702          108,163
CASH AND CASH
EQUIVALENTS
                                                                                  
CASH AND CASH
EQUIVALENTS       256,663         148,500         151,574         180,744         148,500
AT BEGINNING
OF PERIOD
                                                                              
CASH AND CASH
EQUIVALENTS       162,816        227,446        162,816        227,446        256,663  
AT END OF
PERIOD
                                                                                  
* Applying Equity Based Method to 50% interest in the Frontline P.C.B. Solutions Limited
Partnership

                                                               
ORBOTECH LTD.
RECONCILIATION OF GAAP TO NON-GAAP RESULTS FROM CONTINUING OPERATIONS
FOR THE NINE AND THREE MONTH PERIODS ENDED SEPTEMBER 30, 2013
                                                                               
                                                                               
                     9 months ended               3 months ended               12 months
                     September 30                 September 30                 ended
                                                                               December31
                     2013         2012*           2013         2012*           2012*
                     U.S. dollars in thousands (except per share data)
                                                                               
                                                                               
Reported
operating            33,443       (40,107 )       14,522       (44,920 )       (40,796  )
income (loss)
on GAAP basis
                                                                               
Equity based
compensation         2,311        2,230           674          480             3,070
expenses
Restructuring                     1,918                                        5,063
charges
Impairment of
Intangible                        29,980                       29,980          30,142
assets
Amortization
of intangible        3,030        8,916          1,010        2,852          9,907    
assets
Non-GAAP
operating            38,784       2,937          16,206       (11,608 )       7,386    
income
                                                                               
Reported net
income (loss)
attributable         27,386       (44,845 )       11,875       (45,694 )       (45,579  )
to Orbotech
Ltd. on GAAP
basis
                                                                               
Equity based
compensation         2,311        2,230           674          480             3,070
expenses
Amortization
of intangible        3,030        8,916           1,010        2,852           9,907
assets
Restructuring
charges, net                      1,918                                        4,593
of tax credit
Impairment of
Intangible                        29,980          0            29,980          30,142
assets
Share in
losses of            183          115             69           50              165
associated
company
                                                                           
Non-GAAP net
income (loss)        32,910       (1,686  )       13,628       (12,332 )       2,298    
from
operations
                                                                               
Non-GAAP
earnings per         $0.76        ($0.04  )       $0.32        ($0.28  )       $0.05    
diluted share
                                                                               
Shares used in
earnings per
diluted share        43,450       43,482         43,113       43,537         44,071   
calculation-in
thousands
                                                                               
                                                                               
* Applying Equity Based Method to 50% interest in the Frontline P.C.B. Solutions Limited
Partnership

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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