8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 6, 2004

GSI LUMONICS INC.

(Exact name of registrant as specified in its charter)

New Brunswick, Canada
(State or other jurisdiction of incorporation)

000-25705	98-0110412
(Commission File Number)	(I.R.S. Employer Identification No.)

39 Manning Road, Billerica, Massachusetts 01821
(Address of principal executive offices, including zip code)

(978) 439-5511
(Registrant’s telephone number, including area code)

TABLE OF CONTENTS

	ITEM 9. REGULATION FD DISCLOSURE.
	ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
SIGNATURE
EXHIBIT INDEX
Investor Presentation

ITEM 9. REGULATION FD DISCLOSURE.

     On January 6, 2004, GSI Lumonics Inc. (the Company) posted to the “Investor News” section of its Internet website (accessible at http://www.gsilumonics.com/investors/) an updated investor presentation (slideshow) in Microsoft® PowerPoint® format. Additionally, beginning on January 6, 2004, officers of the Company will deliver to selected investors and analysts a series of presentations that will include written communication (comprised of this slideshow) which will be disseminated and provided in both written and oral form to the participants. The content of the slideshow is described and furnished as Exhibit 99.1 to this Report on Form 8-K pursuant to Regulation FD and incorporated herein by reference.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

(a)	Financial Statements of Businesses Acquired.
	Not required.
(b)	Pro Forma Financial Information.
	Not required.
(c)	Exhibits.
	99.1	Investor Presentation (written communication comprised of a slideshow posted to the Registrant’s Internet website and to be shown during a series of investor and analysts presentations beginning on January 6, 2004, and furnished pursuant to Item 9 of this Report on Form 8-K).

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	GSI LUMONICS INC. (Registrant)
Date: January 6, 2004	By:	/s/ Thomas R. Swain
		Thomas R. Swain Vice President, Finance and Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	Description
99.1	Investor Presentation (written communication comprised of a slideshow posted to the Registrant’s Internet website and to be shown during a series of investor and analyst presentations beginning on January 6, 2004, and furnished pursuant to Item 9 of this Report on Form 8-K)

EX-99.1 3 b48963glexv99w1.htm INVESTOR PRESENTATION

Exhibit 99.1

Investor Overview January, 2004 Revision # 050104

Safe Harbor Certain statements in this presentation may constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 (the Reform Act), Section 27A of the United States Securities Act of 1933 and Section 21E of the United States Securities and Exchange Act of 1934. These forward-looking statements may relate to anticipated financial performance, management's plans and objectives for future operations, business prospects, outcome of regulatory proceedings, market conditions, tax issues and other matters. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward-looking statements, and are generally identified by words such as "anticipate,'' "believe,'' "estimate,'' "expect,'' "intend,'' "plan'' and "objective'' and other similar expressions. Readers should not place undue reliance on the forward-looking statements contained in this presentation. Such statements are based on management's beliefs and assumptions and on information currently available to management and are subject to risks, uncertainties and changes in condition, significance, value and effect. Other risks include the fact that the Company's sales have been and are expected to continue to be dependent upon customer capital equipment expenditures, which are, in turn, affected by business cycles in the markets served by those customers. Other factors include volatility in the semiconductor industry, the risk of order delays and cancellations, the risk of delays by customers in introducing their new products and market acceptance of products incorporating subsystems supplied by the Company, similar risks to the Company of delays in its new products, our ability to continue to reduce costs and capital expenditures, our ability to focus R&D investment and other risks detailed in reports and documents filed by the Company with the United States Securities and Exchange Commission and with securities regulatory authorities in Canada. Such risks, uncertainties and changes in condition, significance, value and effect, many of which are beyond the Company's control, could cause the Company's actual results and other future events to differ materially from those anticipated. The Company does not, however, assume any obligation to update these forward- looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking statements.

Business segments: Components Lasers Laser Systems Proprietary enabling technologies Strong balance sheet Growth Strategy

Business Segments % of Revenue Q3 2003* *Exceeds 100%, as this includes sales between segments, which is 3% of total sales Q3. Precision Components 40% Lasers 19% Laser Systems 44%

Global Sales Reach % of Revenue Q3 2003

Industry-Leading Customers

GSLI Growth Strategy New products & applications Acquisitions of enabling technology OEM model for components & laser

Acquisition Strategy Enabling technology Complementary products Use of Cash - $100 million Accretive to earnings Track record General Optics (2000) DRC (2003) Spectron (2003) Westwind Air Bearings (2003)

Westwind Rotary Motion Cash purchase - $37million Accretive in Q1'04 Estimated $31 million (2003) Strong backlog Pre-eminent supplier PCB Drilling Spindles PCB driving strong growth

Westwind Non-Laser applications Ion implantation (semi) Wafer dicing/grinding (semi) Disk servo-writing (data storage) Car body painting (automotive) Optics manufacturing Laser based applications Medical Imaging (CAT, MRI film printing) Prepress (printing industry) Inspection (Wafer, PCB, industrial, automotive)

Precision Components Scanners Encoders Optics Imaging Rotary Motion Light Automotive & Industrial l l l Electronics & Components l l l l Medical Devices l l l Aerospace l l l Scientific & Research l l l

Precision Components Growth drivers Acquisitions New products Applications

Precision Components Sales (US$ Millions)* * These sales include sales between segments.

Lasers Laser Type YAG DPSS CO2 YLF Excimer Light Automotive & Industrial l l l l Electronics & Components l l l l l Medical Devices l l l l Aerospace l l Scientific & Research l l l

Lasers Growth drivers New products/applications Marketing in Asia-Pacific Acquisitions

Lasers Sales (US$ Millions)* * These sales include sales between segments.

Systems Memory Repair Wafer Trimming Wafer Marking Circuit Trimming PCB Inspection Semiconductor l l l l Electronics l l

Market Drivers Notebook PC's Mobile phones PDA's Digital cameras Wireless tools & equipment Flat panel displays

Growth drivers Market recovery Semiconductor - memory r - mixed signal r - 300mm wafers Electronics - PCB production New products PCB trim Memory Wafer mark - 300mm CSP mark Systems

Systems Sales (US$ Millions)

GSLI - Revenue & Earnings Trends Revenues (US$ Millions) Earnings (US$ Millions)

GSLI - Bookings & Backlog (US$ Millions) Bookings Backlog

GSLI - Selected Balance Sheet (estimated) Cash & Investments ? $105 US million* Total Assets ? $298 US million** NBV ? $253 US million** * estimate end Q4 2003 **actual end Q3 2003

Targeted Business Model Q3 2003 Target Revenues Gross margin Engineering SG & A expenses Amortization of purchased intangibles Restructuring and other Operating profit 100 % 100 % 37.1 % 44% 7.3 % 10 % 24.6% 18 % 3.1% 1 % 0.6 % 1.5 % 15 %

GSLI - In Review Position: Business recovery Market relationships Strong balance sheet - no debt Growth: Acquisitions New Products OEM business model

EX-99.1

Investor Presentation