Jenoptik Ag · XETR:JEN

Jenoptik — 9M 2009 Earnings Presentation

20 slides from Jenoptik's earnings presentation, Nov 10, 2009

  1. Slide 1: JENOPTIK AG Conference Call: Results of the first nine months 2009 and outlook

    JENOPTIK AG Conference Call Results of the first nine months 2009 and outlook November 10, 2009

  2. Slide 2: Agenda: Group results, Segment reporting, Outlook

    „ Group results first nine months 2009 „ Segment reporting „ Outlook Results 9M 2009_e.ppt 2009-11-10 2 Jenoptik - a global optoelectronics player

  3. Slide 3: Jenoptik – general economic conditions remain difficult

    Jenoptik – general economic conditions remain difficult „ Sales at 336.7 million euros 15 percent below the previous year „ Group EBIT before one-off effects at 2.1 million euros „ Withdrawal from the loss-making business with mid-format cameras burdens result with 8.4 million euros „ Cash flow from

  4. Slide 4: Statement of income 9-months 2009: Sales and earnings decline due to economic crisis

    Statement of income 9-months 2009: Sales and earnings decline due to economic crisis In million euros 9M 09 9M 08 Change Sales 336.7 397.4 -15% „ Below the level in the previous year due to the semiconductor and automotive crisis Gross margin 26.5% 28.6% „ Decline in earnings clearly stronger than s

  5. Slide 5: Statement of income 9-months 2009: Financial result further improved

    Statement of income 9-months 2009: Financial result further improved In million euros 9M 09 9M 08 EBIT -6.3 24.6 Investment result -2.0 -2.0 „ Investment result influenced by fiber laser development project Interest result -6.8 -9.3 „ Interest result further improved „ Lower interest level of short-

  6. Slide 6: Statement of income 9-months 2009: Earnings before and after tax lower than last year

    Statement of income 9-months 2009 : Earnings before and after tax lower than last year In million euros 9M 09 9M 08 Earnings before tax -15.1 13.4 Income taxes 0 1.4 „ Less income taxes due to lower operating result Deferred taxes -0.3 1.7 Earnings after tax -14.9 10.2 Net profit -17.1 7.1 Earnings

  7. Slide 7: Key figures: Crisis in semiconductor and automotive industry impacts order intake

    Key figures: Crisis in semiconductor and automotive industry impacts on order intake In million euros 9M 09 9M08 Change Order intake 330.4 398.4 -17% „ Order intake below level in the previous year due to economic crisis, slight recovery in Q3 „ Book-to-Bill 0.98 „ Order intake semiconductor In mill

  8. Slide 8: Statement of cash flows: Positive operating cash flow reduces net debt

    Statement of cash flows: Positive operating cash flow reduces net debt In million euros 9M 09 9M 08 Operating profit before working 20.1 46.2 capital changes Changes in working capital 10.5 -25.2 „ Working capital lower due to less and other items trade accounts receivable Cash flow from operating a

  9. Slide 9: Net debt fell to 168.1 million euros; equity ratio rose to 43.2%

    Net debt fell to 168.1 million euros; shareholders‘ equity ratio rose to 43.2 % In million euros 30.09.2009 31.12.2008 Cash and cash equivalents 12.4 12.5 Securities 1.1 2.0 Convertible bond 0 48.3 „ Repayment of convertible bond „ Long-term financing package Long-term bank loans 158.0 88.2 conclude

  10. Slide 10: Agenda: Group result, Segment reporting, Outlook

    „ Group result of first nine months 2009 „ Segment reporting „ Outlook Results 9M 2009_e.ppt 2009-11-10 10 Jenoptik - a global optoelectronics player

  11. Slide 11: Differing business development in the segments

    Differing business development in the segments Corporate Center Lasers & Defense & Optical Systems Metrology Civil Systems Sales 9M 09: € 110.4 million Sales 9M 09: € 70.6 million Sales 9M 09: € 152.5 million Sales 9M 08: € 153.3 million Sales 9M 08: € 87.0 million Sales 9M 08: € 152.1 million Laser

  12. Slide 12: Lasers & Optical Systems: Semiconductor crisis weakens result, first signs of slight recovery

    Lasers & Optical Systems: Semiconductor crisis weakens result, first signs of a slight recovery Lasers & Material Processing: „ Industry and automotive business burdened; medical technology and photovoltaic business largely positive „ Expansion of global presence with joint venture in Korea Optical

  13. Slide 13: Metrology: Effects of automotive crises are clearly visible

    Metrology: Effects of automotive crises are clearly visible Industrial Metrology: „ Continuing crisis in the automotive industry „ Restructuring measures implemented Traffic Solutions: „ Stable sales and earnings „ Establishment of Traffic Service Providing included in result Sales EBIT Order intake

  14. Slide 14: Defense & Civil Systems: Stable sales and earnings contributions also in times of crisis

    Defense & Civil Systems: Stable sales and earnings contributions also in times of crisis Defense & Civil Systems: „ Successful development in all business units, especially in 1st half of 2009 „ Q3 2009 with lower earnings due to completed delivery of major security technology order „ Puma order int

  15. Slide 15: 9-months results on segment level: Broad basis of business reduces risk

    9-months results on segment level: Broad basis of business reduces risk of depending on individual industries Lasers & Defense & Metrology Other* Group Optical Systems Civil Systems Sales 110.4 Sales 70.6 Sales 152.5 Sales 3.3 Sales 336.7 EBITDA*** 3.3 EBITDA -1.8 EBITDA 14.5 EBITDA 4.9 EBITDA*** 20

  16. Slide 16: Appendix - Key Figures: first 9 months 2008

    „ Group result first nine months 2009 „ Segment reporting „ Outlook Results 9M 2009_e.ppt 2009-11-10 16 Appendix - Key Figures: first 9 months 2008

  17. Slide 17: Package of measures aimed at reducing costs

    Package of measures aimed at reducing costs Cost savings of more than 10 million euros in 2009 will contribute to reduce fixed costs and partially compensate for sales and margin decline. Additional cost savings 2010 > 10 Mio Euro expected. Measures: „ Short-time working for 682 employees as at Sept

  18. Slide 18: Jenoptik – Development in the segments

    Jenoptik – Development in the segments Lasers & Material Processing: „ Decrease in business volume with automotive/mechanical engineering industry Lasers & „ Largely positive development in medical technology and photovoltaic business Optical Systems Optical Systems: „ Slight recovery of business du

  19. Slide 19: Jenoptik – Future development of business

    Jenoptik – Future development of business „ Forecast sales range of 460 to 500 million euros „ Positive Group EBIT before one-off effects due to stable contribution of the Defense & Civil Systems segment as well as presence in different markets „ Additional one-off effects resulting from economic cr

  20. Slide 20: Disclaimer

    Disclaimer This announcement 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

Jenoptik — 9M 2009 Earnings Presentation on 6ix