Jenoptik Ag · XETR:JEN
Jenoptik — Q1 2021 Earnings Presentation
21 slides from Jenoptik's earnings presentation, May 11, 2021
Slide 1: JENOPTIK AG – 1st quarter 2021
JENOPTIK AG – 1st quarter 2021 Dr. Stefan Traeger I Hans-Dieter Schumacher | May 11, 2021 © Copyright Jenoptik. All rights reserved.
Slide 2: 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
Slide 3: Highlights
Highlights
Slide 4: Jenoptik – Highlights of the 1st quarter 2021
Jenoptik – Highlights of the 1st quarter 2021 Debenture bonds with Orders for traffic safety equipment We‘re on it sustainability components of orders totaling approx. 20 million 400 million euros successfully euros in the US and Canada First images from Perseverance Mars placed on the capital marke
Slide 5: 1st quarter 2021 Group
1st quarter 2021 Group
Slide 6: Jenoptik started well into fiscal year 2021
Jenoptik started well into fiscal year 2021 Rising demand led to strong order intake of 268.3 million euros (plus 26.8%) New orders in the automation & integration as well as traffic safety areas received in North America Revenue, at 176.0 million euros, higher than in prior year Significant
Slide 7: Order intake and backlog markedly exceeded prior-year figures
In 1st quarter 2021 order intake and backlog markedly exceeded prior-year figures – creating good basis for further business development Order intake in million euros Order backlog in million euros 300 26.8% 600 22.0% 561.3 268.3 200 400 460.1 211.7 100 200 0 0 Q1/2020 Q1/2021 Dec 31, 2020 Mar 31, 2
Slide 8: Significant rise at Light & Optics can more than offset lower revenues from other divisions
Significant rise at Light & Optics can more than offset lower revenues from other divisions Revenue in million euros 250 7.0% 200 176.0 Contribution from Light & Optics grew significantly due to organic 150 164.4 growth and revenue contribution from TRIOPTICS Revenue of Light & Production still
Slide 9: Profitability significantly improved
Profitability significantly improved EBITDA in million euros EBIT in million euros 30 8 47.1% 142.7% 6 20 6.1 20.0 4 13.6 10 2 2.5 0 0 Q1/2020 Q1/2021 Q1/2020 Q1/2021 Positive effects of the restructuring measures implemented in 2020 Significant rise also in EBIT EBITDA included PPA of minus 1
Slide 10: Improved profitability is also reflected in earnings after tax
Improved profitability is also reflected in earnings after tax Gross margin impacted by higher personnel and In million euros Q1/2021 Q1/2020 materials expenses as well as negative PPA Functional costs at prior-year level Revenue 176.0 164.4 R+D expenses at 9.4 million euros (prior year Gross
Slide 11: Jenoptik is well positioned for future growth with sound financial base and balance sheet structure
Jenoptik is well positioned for future growth with sound financial base and balance sheet structure Debenture bonds totaling 400 million euros with “green In million euros Q1/2021 Q1/2020 component“ successfully placed, payout of 130 million euros in March Operating profit before working 16.7 13.1
Slide 12: 1st quarter 2021 Divisions
1st quarter 2021 Divisions
Slide 13: Light & Optics division: significant increase in key figures
Light & Optics division: significant increase in key figures Revenue: business with semiconductor equipment industry remained at high level, Biophotonics and Industrial Solutions reported growth; TRIOPTICS generated substantial contribution EBITDA increased significantly, PPA of minus 1.8 millio
Slide 14: Light & Production division: sharp rise in profitability, order intake and backlog increased
Light & Production division: sharp rise in profitability, order intake and backlog increased Revenue: effects of COVID-19 pandemic still visible, in particular in lower order backlog at the beginning of the year; slight rise at Laser Processing; Industrial Metrology and Automation & Integration st
Slide 15: Light & Safety division: major orders received in North America
Light & Safety division: major orders received in North America contribute to strong rise in order intake and backlog Revenue marked by volatile project business, in addition to COVID-19-related delays in delivery of electronic components this led to a decline in revenue Revenue decline is also
Slide 16: VINCORION: profitability improved despite lower revenue
VINCORION: profitability improved despite lower revenue Higher revenue in the Energy & Drive business; decline in Power Systems and, due to Corona, in the business with the aviation industry Profitability improved due to cost reduction measures Project delays led to lower order intake, book-to
Slide 17: Outlook
Outlook
Slide 18: Outlook 2021 confirmed – Group
Outlook 2021 confirmed – Group Development of key indicators in 2021 Revenue growth in the low double-digit percentage range (incl. TRIOPTICS) EBITDA margin between 16.0 and 17.0 percent (prior year 14.6% / forecast to be specified in the course of the year) Fiscal year 2021: Increase in order
Slide 19: Megatrends will drive demand for photonics solutions of the future
Megatrends will drive demand for photonics solutions of the future – Jenoptik well positioned with its broad and innovative portfolio and expertise - Digitization: growing demand for chips for various applications; increasing usage of augmented and virtual reality >> Jenoptik supplies high-performan
Slide 20: Appendix
Appendix
Slide 21: Dates and contact
Dates and contact 11.05.2021 Interim Statement January - March 2021 12.05.2021 UBS Pan European Small and Mid-Cap Conference (virtual) 19.05.2021 Berenberg US Conference (virtual) 09.06.2021 Virtual Annual General Meeting 11.08.2021 Interim Report January – June 2021 Leslie Iltgen www.jenoptik.com V