Slide 1: Results of the 1st quarter 2018 and outlook
JENOPTIK AG Conference Call Results of the 1st quarter 2018 and outlook Dr. Stefan Traeger, President & CEO © Copyright Jenoptik. All rights reserved. Hans-Dieter Schumacher, CFO I May 9, 2018
Slide 2: 1st quarter 2018 agenda
1st quarter 2018 1 Development of the Jenoptik Group 2 Performance of the segments 3 Strategy and outlook 4 Appendix 9.5.2018 1st quarter 2018 © 2018 JENOPTIK AG, All rights reserved. 2
Slide 3: Major events in the 1st quarter 2018
Major events in the 1st quarter 2018 Presentation of the Strategy 2022 and start of its implementation Capital Market Day New international members of the management team Revenue of 189.9 million euros +16.0% EBITDA of 27.7 million euros +55.9% 9.5.2018 1st quarter 2018 © 2018 JENOPTIK
Slide 4: Strong tailwind from the markets resulted in significant revenue increase
Strong tailwind from the markets resulted in significant revenue increase Revenue in million euros 300 + 16.0% 250 200 221.1 184.7 189.9 178.4 150 163.7 100 50 0 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Revenue grew as expected, highest revenue in a first quarter Growth in the Optics & Life Science as well
Slide 5: Growth in all regions – foreign revenue approx. 67 percent
Growth in all regions – foreign revenue came to approx. 67 percent EUROPE + 19.7% GERMANY 120.3 + 22.4% 100.5 63.0 51.5 AMERICAS + 10.3% ASIA / 34.9 38.5 PACIFIC AFRICA / + 4.9% MIDDLE EAST 21.7 22.7 + 26.4% 6.7 8.4 9.5.2018 1st quarter 2018 © 2018 JENOPTIK AG, All rights reserved. 5
Slide 6: Earnings showed disproportionate increase
Earnings showed disproportionate increase EBITDA in million euros 50 + 55.9% 40 EBITDA showed stronger increase 30 than revenue 33.8 30.3 27.7 All three segments with higher 20 25.0 earnings contribution 17.8 10 EBITDA margin 14.6% (prior year 10.9%) 0 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 EBIT in mil
Slide 7: Successful business development is also reflected in marked EPS improvement
Successful business development is also reflected in marked EPS improvement Revenue 189.9 163.7 Gross margin lower than in prior year due to temporary impacts in project Gross margin 34.7% 35.1% business in the Automotive area Functional costs 44.8 45.7 R+D as well as selling expenses rose sligh
Slide 8: As expected, weaker order figures reported at the beginning of the year
As expected, weaker order figures reported at the beginning of the year Order intake in million euros Order backlog in million euros 600 300 10.0% 500 250 400 453.5 453.0 200 221.3 199.2 300 150 200 100 100 50 0 0 Dec 31, 2017 Mar 31, 2018 Q1/2017 Q1/2018 Project-related decline, several major o
Slide 9: Free cash flow increased – good basis for future investments
Free cash flow increased – good basis for future investments In million euros Q1/2018 Q1/2017 Operating profit before 27.8 17.8 Working capital rose to 227.4 million adjusting working capital euros (31.12.2017: 214.8m euros / 31.3.2017: 218.9m euros), in particular Changes in working capital due t
Slide 10: 1st quarter 2018 agenda
1st quarter 2018 1 Development of the Jenoptik Group 2 Performance of the segments 3 Strategy and outlook 4 Appendix 9.5.2018 1st quarter 2018 © 2018 JENOPTIK AG, All rights reserved. 10
Slide 11: Optics & Life Science segment: high demand was driving key figures
Optics & Life Science segment: high demand was driving key figures Revenue (in million euros) EBITDA (in million euros) Order intake (in million euros) 100 + 16.6% 20 + 35.9% 100 + 12.9% +17,1% 80 16 80 87.1 15.9 77.1 60 68.8 12 60 59.0 11.7 40 8 40 20 4 20 0 0 0 Q1/2017 Q1/2018 Q1/2017 Q1/2018 Q1/2
Slide 12: Mobility segment: deliveries for traffic safety project resulted in significant improvement
Mobility segment: deliveries for traffic safety project resulted in expected significant improvement Revenue (in million euros) EBITDA (in million euros) Order intake (in million euros) 100 10 100 + 31.9% + 187.5% 7.8% 80 8 80 8.3 72.3 74.5 60 6 60 68.7 54.8 40 4 40 20 2 2.9 20 0 0 0 Q1/2017 Q1/20
Slide 13: Defense & Civil Systems segment: higher earnings due to favorable product mix
Defense & Civil Systems segment: higher earnings were attributable to favorable product mix Revenue (in million euros) EBITDA (in million euros) Order intake (in million euros) 100 6 100 1.1% + 13.7% 36.8% 80 5 80 4.9 4 4.3 60 60 69.8 3 40 50.2 49.7 40 2 44.1 20 1 20 0 0 0 Q1/2017 Q1/2018 Q1/201
Slide 14: First quarter 2018 agenda
First quarter 2018 1 Development of the Jenoptik Group 2 Performance of the segments 3 Strategy and outlook 4 Appendix 9.5.2018 1st quarter 2018 © 2018 JENOPTIK AG, All rights reserved. 14
Slide 15: Transforming Jenoptik into a focused technology group
Transforming Jenoptik into a focused technology group Strategy 2022: three building blocks for growth and margin expansion We leverage our core We step-up We build a truly global competencies our R+D work enterprise in Optics & Photonics 9.5.2018 1st quarter 2018 © 2018 JENOPTIK AG, All rights reser
Slide 16: Our priorities for 2018
Our priorities for 2018 We launch a new brand for our mechatronic business We establish a new business structure We reorganize our business in Asia 9.5.2018 1st quarter 2018 © 2018 JENOPTIK AG, All rights reserved. 16
Slide 17: Guidance for 2018 confirmed
Guidance for 2018 confirmed Group financial guidance for 2018* We expect revenue to be in a range between 790 and 810 million euros. We anticipate an EBITDA margin between 14.5 and 15.0 percent. We expect an EBIT margin between 10.5 and 11.0 percent. 2018 * This presupposes that political and
Slide 18: First quarter 2018 agenda
First quarter 2018 1 Development of the Jenoptik Group 2 Performance of the segments 3 Strategy and outlook 4 Appendix 9.5.2018 1st quarter 2018 © 2018 JENOPTIK AG, All rights reserved. 18
Slide 19: Dates and contact
Dates and contact May 9, 2018 Results of the 1st quarter 2018, conference call May 16/17, 2018 Roadshow Milano / Lugano May 29, 2018 Roadshow Madrid June 5, 2018 Annual General Meeting, Weimar June 7, 2018 dbAccess Conference, Berlin June 12, 2018 Dr. Kalliwoda Conference, Warsaw June 28, 29, 2018 R
Slide 20: 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