Slide 1: Jenoptik – Experience the Era of Light
Jenoptik – Experience the Era of Light. Investor Relations Presentation I March 2022 © 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: Photonics at Jenoptik
Photonics at Jenoptik
Slide 4: Photonics is the mastery of light!
Photonics is the mastery of light! The 21. century is the century of photonics. Photonics powers everything from fiber-optic data networks, to laser cutting, autonomous vehicles, disease diagnosis and many more. Photonics market estimated to reach ~920 bn USD growing at a CAGR of >8.0% by 2028 Sourc
Slide 5: We invent optics for the digital world
We invent optics for the digital world − Optics, micro-optics and precision components for the semiconductor equipment industry (lithography and inspection) − High-volume optical transceivers to connect to remote locations − Sensor technology Jenoptik Investor Relations Presentation 5
Slide 6: We ensure superb quality in optics manufacturing
We ensure superb quality in optics manufacturing − Gold standard for measuring and testing optics (for lenses, lens systems, and camera modules) in mobile devices − Measurement solutions for augmented and virtual reality optics to enable the production of ever higher quality VR and AR products Jenop
Slide 7: We drive life science and healthcare development
We drive life science and healthcare development − Miniaturized, optimized platforms for diagnostics, research and bio-imaging − Lasers for ophthalmology and aesthetic medicine − Microscope cameras for visible light and electron microscopy − Microoptics for high performance endoscopy
Slide 8: We provide flexible solutions for production efficiency
We provide flexible solutions for production efficiency − Laser processing for flexible manufacturing − Machine vision for smart factories − Measuring technology for engines and gear units − Process automation and machine integration (Industry 4.0) Jenoptik Investor Relations Presentation 8
Slide 9: We make roads and cities safer
We make roads and cities safer − Intelligent traffic monitoring, tolling and control systems − Automatic license plate recognition to keep citizens safe (Deep Learning) − Data analysis for identifying traffic hot spots − Services and software to serve the smart cities of the future Jenoptik Investor
Slide 10: We explore new worlds
We explore new worlds First images from Perseverance Mars rover through Jenoptik HazCam camera lens assemblies. Credits: NASA/JPL-Caltech
Slide 11: Overview and strategy
Overview and strategy
Slide 12: Megatrends will drive growing demand for photonics solutions
Megatrends will drive growing demand for photonics solutions of the future - Digitization: growing demand for chips for various as well as new applications; increasing usage of augmented and virtual reality >> Jenoptik supplies high- performance optics, microoptics as well as innovative test & measu
Slide 13: More Value – Agenda 2025
With our new agenda 2025 we want to create “More Value” for our stakeholders by… Transforming Jenoptik into a globally leading pure photonics player Focusing on three highly attractive growth markets Our agenda Driving organic and non-organic growth 2025 „More Value“ Expanding profitability Increasi
Slide 14: Future Jenoptik setup with focus on three core markets
Future Jenoptik setup with focus on three core markets: Semiconductor & Electronics, Life Science & Medical technology, and Smart Mobility 2021e – Jenoptik present in 6+ markets 2025 – Jenoptik focuses on 3 core markets Defense/ Electronics Security Others 75% manufacturing B2B, hardware supply busi
Slide 15: New organizational structure of the Jenoptik Group
New organizational structure of the Jenoptik Group (excl. VINCORION) will be reflected in reporting structure starting in first quarter 2022 Non-Photonic Integrated businesses Portfolio Companies b b Advanced Photonic Solutions Smart Mobility Solutions (B2B Business) (B2G Business) Prodomax INTEROB
Slide 16: Our financial targets for 2025
Our financial targets for 2025 Our goals for 2025 − Accelerated transformation of Jenoptik into a globally leading pure photonics player − Focusing on three highly attractive growth Our agenda 2025 markets − Grow revenue to ~1.2 bn euros (incl. further divestments and acquisitions) „More Value“ − Ex
Slide 17: Highlights and outlook 2022
Highlights and outlook 2022
Slide 18: Major milestones in becoming a pure photonics group
Major milestones in becoming a pure and globally leading photonics group Expanding global photonic business Focusing further on core business Jenoptik acquires BG Medical (since January 2022 Jenoptik Jenoptik signs agreement to sell VINCORION (mechatronics Medical) and the SwissOptic Group business
Slide 19: Fiscal year 2022: Further profitable growth expected
Outlook for 2022 Our scheduled growth, however, presupposes that the Ukraine conflict – with the sanctions that have been implemented and potential impacts on price developments and supply chains – does not escalate further. Uncertainties also exist with regard to the development of the Covid-19 pan
Slide 20: Jenoptik's ESG strategy: As an Enabler, more sustainability
Jenoptik’s ESG strategy: As an “Enabler”, we are committed to more sustainability and contribute to more efficiency and resource conservation “Our understanding of sustainability is based on the belief that we can only achieve our economic goals and thus permanently profitable growth by acting with
Slide 21: Why invest in Jenoptik?
Why invest in Jenoptik? 1 Transformation into a globally leading pure player in the growing Photonics market Unique technological expertise to offer high-end solutions for our customers 2 3 Benefiting from sustainable mega trends in diversified target markets Strong financial track record, solid org
Slide 22: Fiscal year 2021 Continuing operations
Fiscal year 2021 Continuing operations (Group, incl. VINCORION – if explicitly stated)
Slide 23: Strong development of order intake and backlog
Strong development of order intake and backlog continued in fourth quarter – setting very good stage for further growth Order intake in million euros Order backlog in million euros 1000 57.6% 600 81.3% 936.7 543.5 750 400 500 594.2 299.8 200 250 0 0 2020 2021 Dec 31, 2020 Dec 31, 2021 − Photonics di
Slide 24: Significant increase in revenue year-over-year and quarter-over-quarter
Significant increase in revenue year-over-year and quarter-over-quarter Revenue in million euros 800 22.0% 750.7 − Revenue in Q4/2021 higher than in prior quarters and in the prior year 600 615.5 − Contribution of Light & Optics division grew significantly due to good organic growth and revenue cont
Slide 25: Revenue share in Asia substantially expanded
Revenue share in Asia substantially expanded Revenue by region 2021 in million euros 2020 Middle East / 24.3 Africa 20.4 172.9 Asia / Pacific 104.9 205.7 Americas 160.6 Europe 208.4 (without Germany) 187.5 139.4 Germany 142.0 − Foreign revenue grew to ~81% (prior year ~77%) − Strongest rise in Asia/
Slide 26: Profitability significantly improved in 2021
Profitability significantly improved in 2021 compared with prior year EBITDA in million euros EBIT in million euros 180 120 67.9% 128.2% 150 108.1 155.7 90 120 90 60 92.8 60 47.4 30 38.4 30 50.1 43.0 46.1 31.6 33.9 34.8 25.7 18.3 4.3 12.1 20.2 16.5 2.7 10.7 15.7 0 0 Q1/20 Q2/20 Q3/20 Q4/20 2020 Q1/2
Slide 27: Substantially improved earnings per share
Very good operating performance and one-off effects were also reflected in substantially improved earnings per share In million euros 2021 2020 − Gross margin impacted by higher material and personnel costs Revenue 750.7 615.5 − Functional costs increased much less than revenue Gross margin 34.2% 36
Slide 28: Well positioned with sound financial base and balance sheet
Jenoptik is well positioned for future growth with sound financial base and balance sheet structure Group In million euros 2021 2020 − Debenture bonds (400 million euros) successfully placed; syndicated loan refinanced and increased to 400 million euros Earnings before tax* 94.3 53.2 − Higher cash f
Slide 29: Fiscal year 2021 Divisions
Fiscal year 2021 Divisions
Slide 30: Light & Optics division: outstanding operational development
Light & Optics division: outstanding operational development − Strong revenue growth with semiconductor equipment industry; Biophotonics and Industrial Solutions also with increased revenue contribution; TRIOPTICS contributed 99.5 million euros (prior year pro rata 27.8m euros) / BG Medical and Swis
Slide 31: Light & Production division: higher order intake and profitability
Light & Production division: higher order intake and improved profitability − Revenue: noticeable recovery in the automotive industry, growth in the Automation & Integration area; highest revenue generated in Q4 − Profitability improved, in part due to effects from reversal of provisions recognized
Slide 32: Light & Safety division: significant increase in Q4
Light & Safety division: significant increase in revenue and earnings in Q4 − Substantial rise in revenue in the course of 2021; highest revenue of 37.8 million euros generated in Q4 (prior year 31.9m euros); marked by volatile project business; orders were placed later than expected; in addition, C
Slide 33: Appendix
Appendix
Slide 34: A long tradition of innovation in optoelectronics
A long tradition of innovation in optoelectronics 16 17 18 19 20 21 1846 1946 1989-91 1992-98 1998-2006 2007-16 since 2017 Founded State German New Flexibility Consolidation Sustainable in Jena by property Reunification Businesses profitable growth Carl Zeiß The Zeiss plant −Acquisition of IPO 1998
Slide 35: Focused divisions – corporate structure until 2021
Focused divisions – corporate structure until 2021 LIGHT & OPTICS – LIGHT & SAFETY – OEM-Business B2G-Business − Development & production partner − The provision of intelligent, multi- for OEM customers use, photonic products to lead the − Long-term prospects independent standards for comprehensive
Slide 36: Strong R+D commitment and expansion of sales structures
Strong R+D commitment enables fundamentally new products; continuing expansion of sales structures abroad R+D output Selling expenses Administrative expenses in million euros in percent in million euros in percent in million euros in percent 100 12 100 12.5 11.9 100 8.8 10 10.7 10.7 10.4 12 6.7 8.9
Slide 37: Key financials 2021 of the photonic divisions
Key financials 2021 of the photonic divisions in million euros Light & Optics Light & Production Light & Safety Continuing operations Revenue (external) 460.7 176.2 110.1 750.7 155.7 (incl. one-offs) EBITDA 136.6 13.2 19.2 125.2 (excl. one-offs) 20.7% (incl. one-offs) EBITDA margin* 29.6% 7.5% 17.4%
Slide 38: Key figures – five-year overview
Key figures – five-year overview In million euros 2021* 2020* 2019 2018 2017 Revenue 750.7 615.5 855.2 834.6 747.9 155.7 (incl. one-offs) EBITDA 127.5 106.7 125.2 (excl. one-offs) 92.8 134.0 20.7% (incl. one-offs) EBITDA margin (in %) 15.3 14.3 16.7% (excl. one-offs) 15.1 15.7 EBIT 108.1 (incl. one-
Slide 39: Shareholders and dividend information
Shareholders and dividend information Shareholder structure Thüringer Dividend Industriebeteiligungs 11.0% GmbH & Co. KG EPS Dividend payment 2,0 1.53 1.43 1,6 1.27 1.18 1,2 89.0% 0.73 0,8 0.30 0.35 0.25 0.25e Freefloat 0,4 0.13 0,0 2017 2018 2019 2020 2021 Major institutional shareholders (28.02.20
Slide 40: ESG: Internal contribution to the SDGs and non-financial targets
ESG: Jenoptik’s internal contribution to the SDG’s and non-financial targets Quality Gender Decent Work and Industry Innovation Climate Partnership Education Equality Economic Growth and Infrastructure Action for the goals 2.2 million euros Diversity is reflected in Decent working Increasing R+D Com
Slide 41: ESG: Photonic contribution to the SDGs and sustainability ratings
ESG: Jenoptik‘s photonic contribution to the SDG‘s and external sustainability ratings Good health Industry innovation Sustainable cities Responsible Jenoptik‘s and well-being and infrastructure and communities consumption and sustainability ratings production Biophotonics: Optical systems for Traff
Slide 42: Dates and contact
Dates and contact 29.03.2022 Publication of Financial Statements 2021 30.03.2022 virtual Roadshow Frankfurt/Main 05.04.2022 virtual Roadshow UK 11.05.2022 Publication of Quarterly Statement January – March 2022 Leslie Iltgen www.jenoptik.com Vice President Investor www.twitter.com/Jenoptik_Group Rel