Slide 1: Results of the first quarter 2016 and outlook
JENOPTIK AG Results of the first quarter 2016 and outlook May 11, 2016 Dr. Michael Mertin, President & CEO Hans-Dieter Schumacher, CFO © Copyright Jenoptik, All rights reserved.
Slide 2: Jenoptik – 1st quarter 2016
Jenoptik – 1st quarter 2016 Development of the segments Outlook Appendix 1st quarter 2016 2016-05-11 JENOPTIK AG 2 Jenoptik - a global optoelectronicsplayer
Slide 3: Successful start to fiscal year 2016 with revenue growth and improved operating result and cash flows
Successful start to fiscal year 2016 with revenue growth and improved operating result and cash flows External framework Major events in the conditions Jenoptik Group Challenging economic environment, e.g. Emission scandal affected whole automotive sector Changeover to new divisional Relucta
Slide 4: Revenue rose compared to prior-year quarter
Revenue rose compared to prior-year quarter Revenue in million euros Revenue by region in million euros 800 200 +8.5% 668.6 158.2 145.8 600 6.2 150 Middle East/ 6.8 23.6 (5%) 18.2 Africa −8.6% 25.1 Asia/Pacific +30.2% 400 25.3 (14%) 100 48.3 (36%) −0.8% Americas 43.5 170.4 171.5 181.0 Europe +11.1%
Slide 5: Operating result showed stronger increase than revenue in first quarter
Operating result showed stronger increase than revenue in first quarter EBITDA in million euros 120 100 +5.2% 88.8 EBITDA margin at 10.5% (prior year 10.9%) 80 60 40 22.9 25.1 25.0 15.8 16.7 20 0 Q1/15 Q2/15 Q3/15 Q4/15 2015 Q1/16 EBIT in million euros 100 EBIT showed higher growth than revenue
Slide 6: Earnings before tax and earnings per share affected by lower financial result
Earnings before tax and earnings per share affected by lower financial result In million euros Q1/2016 Q1/2015 Revenue 158.2 145.8 Gross margin slightly reduced, in part Gross margin 33.1% 34.4% due to changed product mix with higher share of the Defense & Civil Systems Functional costs 42.0 43.8
Slide 7: Solid order position and well-filled project pipeline create good conditions for further growth
Solid order position and well-filled project pipeline create good conditions for further growth Order intake in million euros 200 Order intake at the end of March lower than −5.0% in prior year 150 166.8 158.4 Rise in the Optics & Life Science segment 100 Order intake in prior year included ma
Slide 8: Free cash flow clearly positive in first quarter
Free cash flow clearly positive in first quarter In million euros Q1/2016 Q1/2015 Operating profit before 16.4 14.1 Cash flows from operating activities and adjusting working capital free cash flow significantly improved Changes in working capital Lower payments for working capital 1.0 −11.6 and
Slide 9: Net debt at lowest figure in recent years; equity basis again improved
Net debt at lowest figure in recent years; equity basis again improved Net debt in million euros 300 Following a significant reduction ~260 in 2015, good cash flows 250 ~60 allowed net debt to fall further in the first quarter 2016 200 150 Equity ratio rose to 57.2% 106 104 100 203 86 12 (31/12/
Slide 10: Jenoptik – 1st quarter 2016
Jenoptik – 1st quarter 2016 Development of segments Outlook Appendix 1st quarter 2016 2016-05-11 JENOPTIK AG 10 Jenoptik - a global optoelectronics player
Slide 11: With its new organizational structure Jenoptik is more closely aligned with market requirements
With its new organizational structure Jenoptik is more closely aligned with market requirements and positioned closer to customers Divisions Markets Megatrends Semiconductor Optical Systems Digital World equipment / ICT Healthcare Medical Health & Industry Technology Automotive & Mobility & Automoti
Slide 12: From Good to Great – New divisional structure effective since January 1, 2016
„From Good to Great“ – New divisional structure effective since 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 Traffic S
Slide 13: Optics & Life Science segment: Good start with rise in revenue and order intake
Optics & Life Science segment: Good start with rise in revenue and order intake Revenue (in million euros) EBIT (in million euros) Order intake (in million euros) 75 10 75 +20.3% +1.7% 8 59.1 50 50 51.3 52.2 6 −0.9% 49.1 4 5.2 5.2 25 25 2 0 0 0 Q1/2015 Q1/2106 Q1/2015 Q1/2016 Q1/2015 Q1/2016 Good
Slide 14: Mobility segment: Revenue and profitability improved, order intake at high level
Mobility segment: Revenue and profitability improved, order intake at high level Revenue (in million euros) EBIT (in million euros) Order intake (in million euros) 75 5 75 −5.5% 68.6 +0.8% 4 64.8 50 50 51.7 52.1 3 +7.9% 2 2.3 25 2.1 25 1 0 0 0 Q1/2015 Q1/2016 Q1/2015 Q1/2016 Q1/2015 Q1/2016 Reluct
Slide 15: Defense & Civil Systems segment: As expected, strong development of revenue and earnings
Defense & Civil Systems segment: As expected, strong development of revenue and earnings Revenue (in million euros) EBIT (in million euros) Order intake (in million euros) 75 5 75 +27.4% 4 50 54.4 50 −25.8% 3 50.7 3.2 42.7 +300.2% 2 37.6 25 25 1 0.8 0 0 0 Q1/2015 Q1/2016 Q1/2015 Q1/2016 Q1/2015 Q1/2
Slide 16: Jenoptik – 1st quarter 2016
Jenoptik – 1st quarter 2016 Development of segments Outlook Appendix 1st quarter 2016 2016-05-11 JENOPTIK AG 16 Jenoptik - a global optoelectronics player
Slide 17: Forecast for 2016 confirmed
Forecast for 2016 confirmed 2015 2016e Externally Uncertain environment Revenue 668.6 million Between 680 and Investment behavior euros 700 million euros is hard to predict Internally EBIT 61.2 million euros; Moderate growth; Margin 9.2% EBIT margin between Solid order and project 9.0 and 9.5%
Slide 18: 2016: Growth in Optics & Life Science and Mobility expected; Defense & Civil Systems stable
2016: Growth in the Optics & Life Science as well as Mobility segments expected; Defense & Civil Systems stable Optics & Life Science Mobility Defense & Civil Systems Good position in the semi- Globally growing demand for Major orders ensure conductor equipment industry more efficient drives a
Slide 19: Our target: to continue profitable growth with a corporate structure closer realigned 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 20: Jenoptik – 1st quarter 2016
Jenoptik – 1st quarter 2016 Development of the segments Outlook Appendix 1st quarter 2016 2016-05-11 JENOPTIK AG 20 Jenoptik - a global optoelectronics player
Slide 21: Dates and contact
Dates and contact May 11, 2016 Results of 1st quarter 2016 June 8, 2016 Annual General Meeting June 10, 2916 dbAccess German, Swiss & Austrian Conference, Berlin June 14, 2016 Roadshow Luxembourg June 27/28, 2016 Roadshow Zurich/Geneva August 10, 2016 Results of 1st half-year 2016 Contac
Slide 22: 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