Jenoptik Ag · XETR:JEN
Jenoptik — FY2015 Earnings Presentation
18 slides from Jenoptik's earnings presentation, Jan 26, 2016
Slide 1: Preliminary results of fiscal year 2015 and outlook
JENOPTIK AG Preliminary results of fiscal year 2015 and outlook Dr. Michael Mertin, President & CEO January 26, 2016 Hans-Dieter Schumacher, CFO © Copyright Jenoptik, All rights reserved.
Slide 2: Jenoptik – Preliminary results 2015
Jenoptik – Preliminary results 2015 Segment reporting Outlook Appendix Preliminary Results 2015 2016-01-26 2 Jenoptik - a global optoelectronics player
Slide 3: Targets in fiscal year 2015 achieved; new revenue and earnings records
Targets in fiscal year 2015 achieved; Jenoptik reached new revenue and earnings records External impacts on the Major events in the business development Jenoptik Group Successful integration of the Economic environment remained companies acquired challenging Jenoptik performed well in the St
Slide 4: Jenoptik continued good revenue development also in the 4th quarter
Jenoptik continued good revuenue development also in the 4th quarter Revenue in million euros 800 700 ca. +13% ~670 590.2 600 500 400 300 170.1 170.4 171.5 >180 200 136.9 146.3 136.9 145.8 100 0 Q1/14 Q2/14 Q3/14 Q4/14 2014 Q1/15 Q2/15 Q3/15 Q4/15 2015 Highest revenue in the last years All three
Slide 5: Operating result at new record level, earnings increased faster than revenue
Operating result at new record level, earnings increased at a higher rate than revenue in 2015 EBITDA in million euros 120 100 ca. +17% EBITDA 2015 at almost 90 million euros <90 76.1 higher than in prior year 80 (prior year: 76.1 million euros) 60 Increased more strongly than revenue 40 22.0 22
Slide 6: Solid order situation creates good conditions for further profitable growth
Solid order situation creates good conditions for further profitable growth Order intake in million euros 800 700 Order intake 2015 higher than in prior year 600 Rise in all three segments, in particular >635 500 589.2 ca. +8% in the Metrology segment 400 300 Major order to equip Patriot missi
Slide 7: Net debt in 2015 significantly lower than in prior year
Net debt in 2015 significantly lower than in prior year in million euros ~260 250 Very strong cash flow resulted 60 in substantial reduction in net debt in spite of: 200 Payment to the last remaining real estate investor 150 (12.4 million euros); there are 106 104 no other silent investments or
Slide 8: Jenoptik – Preliminary results 2015
Jenoptik – Preliminary results 2015 Segment reporting Outlook Appendix Preliminary Results 2015 2016-01-26 8 Jenoptik - a global optoelectronics player
Slide 9: Lasers & Optical Systems segment: successfully developed in challenging environment
Lasers & Optical Systems segment: successfully developed in challenging environment Revenue (in million euros) EBIT (in million euros) 30 250 ~250 231.3 27.0 200 <24 20 150 100 10 50 0 0 2014 2015 2014 2015 Good demand for laser machines and Weaker revenue mix in H1/2015 not fully optoelectronic
Slide 10: Metrology segment: New companies have successfully been integrated
Metrology segment: New companies have successfully been integrated Revenue (in million euros) EBIT (in million euros) 250 30 200 <210 20 22.5 ~23 185.0 150 100 10 50 0 0 2014 2015 2014 2015 Improved investment activity in the Traffic safety market in the US was still automotive industry weak R
Slide 11: Defense & Civil Systems segment: Marked rise in earnings and margin improvement
Defense & Civil Systems segment: Marked rise in earnings and margin improvement Revenue (in million euros) EBIT (in million euros) 250 30 200 >210 20 150 170.8 ~18 100 10 50 2.1 0 0 2014 2015 2014 2015 Best year in the company’s recent history EBIT improved substantially due to Good business i
Slide 12: Jenoptik – Preliminary results 2015
Jenoptik – Preliminary results 2015 Segment reporting Outlook Appendix Preliminary Results 2015 2016-01-26 12 Jenoptik - a global optoelectronics player
Slide 13: From Good to Great – New divisional structure effective January 1, 2016
„From Good to Great“ – New divisional structure became effective on January 1, 2016 Corporate Center Segments Optics & Life Science Mobility Defense & Civil Systems Optical Healthcare Automotive Traffic Defense & Civil Systems Divisions Systems & Industry Solutions Power Systems Energy & Drive Traff
Slide 14: With the new market-oriented structure we will continue profitable growth in 2016
With the new more market-oriented structure we will continue our profitable growth in 2016 Framework conditions worldwide Solid order and product pipeline are uncertain Intensification of integrated Investment behavior approach is hard to predict 2016: We expect moderate organic growth in re
Slide 15: Our target: continue profitable growth with a corporate structure closer to markets
Our target: to continue profitable growth with a corporate structure that is closer realigned to markets Our tasks Our mid-term targets Revenue of 800 million euros by 2018 (including smaller acquisitions), of which more than 40 percent in Asia and America … to 2018 EBIT margin of 9-10 percent o
Slide 16: Jenoptik – Preliminary results 2015
Jenoptik – Preliminary results 2015 Segment reporting Outlook Appendix Preliminary Results 2015 2016-01-26 16 Jenoptik - a global optoelectronics player
Slide 17: Dates and contact
Dates and contact January 26, 2016 Preliminary result 2015 / conference call February 3, 2016 Roadshow Vienna February 15-16, 2016 Photonics West Tradefair / roadshow San Francisco March 22, 2016 Results of fiscal year 2015 (conference call) March 23, 2016 Analystenkonferenz und Roadshow F
Slide 18: Disclaimer
Disclaimer This presentation can contain forward-looking statements that are based on current expectations and certain assumptions of the management of the Jenoptik Group. A variety of known and unknown risks, uncertainties and other factors can cause the actual results, the financial situation, the