Jenoptik Ag · XETR:JEN

Jenoptik — H1 2023 Earnings Presentation

17 slides from Jenoptik's earnings presentation, Aug 9, 2023

1. Slide 1: JENOPTIK AG – 1st half-year 2023

   JENOPTIK AG – 1st half-year 2023 Dr. Stefan Traeger I Dr. Prisca Havranek-Kosicek | August 9, 2023 © Copyright Jenoptik. All rights reserved.

2. 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

3. Slide 3: Highlights 1st half-year 2023

   Highlights 1st half-year 2023

4. Slide 4: Highlights of the 1st half-year 2023

   Highlights of the 1st half-year 2023 − Strong business development in 1st half-year 2023 ▪ Double-digit revenue and EBITDA growth ▪ Order backlog remained at high level ▪ Order intake below high prior-year basis, as expected; book-to-bill ratio again above one − Focus on output optimization and capa

5. Slide 5: 1st half-year 2023 Group

   st 1 half-year 2023 Group

6. Slide 6: Order intake remained at good level, continued high level of order backlog

   Order intake remained at good level, continued high level of order backlog Order intake in MEUR Order backlog in MEUR 800 900 −10.1% 4.5% 600 766.6 733.7 608.6 600 546.9 400 300 200 0 0 H1/2022 H1/2023 Dec 31, 2022 Jun 30, 2023 − Advanced Photonic Solutions, as expected, below very high − Order back

7. Slide 7: Double-digit revenue and earnings growth

   Double-digit revenue and earnings growth Revenue in MEUR EBITDA in MEUR 600 100 12.9% 31.6% 500 91.6 504.9 80 400 447.2 60 69.6 300 40 200 20 100 0 0 H1/2022 H1/2023 H1/2022 H1/2023 − Continued strong business of Advanced Photonic Solutions − Strong contribution of Advanced Photonic Solutions divisi

8. Slide 8: Income statement

   Income statement In million euros H1/2023 H1/2022 Change in % − Gross margin improved substantially due to higher Revenue 504.9 447.2 12.9 contribution of Advanced Photonic Solutions and Non-Photonic Portfolio Companies Gross margin 34.7% 32.7% − Functional cost ratio decreased noticeably Functional

9. Slide 9: Strong cash flow; continued sound financial base and balance sheet

   Strong cash flow; continued sound financial base and balance sheet In million euros H1/2023 H1/2022 Change in % Cash flows from operating − Cash flows from operating activities mainly driven by 67.4 49.3 36.7 activities before income taxes higher earnings − Working capital ratio at 30.2% (31.12.22:

10. Slide 10: 1st half-year 2023 Divisions

    1st half-year 2023 Divisions

11. Slide 11: Advanced Photonic Solutions: continued double-digit revenue and earnings growth

    Advanced Photonic Solutions: continued double-digit revenue and earnings growth Order intake in MEUR Revenue in MEUR EBITDA in MEUR 600 500 100 −9.5% 13.3% 11.3% 500 400 80 85.9 400 466.5 390.0 77.2 300 60 422.4 344.3 300 200 40 200 100 20 100 0 0 0 H1/2022 H1/2023 H1/2022 H1/2023 H1/2022 H1/2023 −

12. Slide 12: Smart Mobility Solutions: revenue and earnings markedly increased

    Smart Mobility Solutions: revenue and earnings markedly increased Order intake in MEUR Revenue in MEUR EBITDA in MEUR 100 80 5 − 17.1% 22.4% 80 4 60 4.4 222.5% 60 75.4 3 40 54.7 62.5 40 44,7 2 20 20 1 1.4 0 0 0 H1/2022 H1/2023 H1/2022 H1/2023 H1/2022 H1/2023 − Order intake: subject to project busine

13. Slide 13: Non-Photonic Portfolio Companies: earnings strongly improved

    Non-Photonic Portfolio Companies: earnings strongly improved Order intake in MEUR Revenue in MEUR EBITDA in MEUR 80 80 −8.5% 7 2.0% 60 60 7.0 65.3 5 59.7 57.1 58.2 40 40 3 20 20 1 -0.1 0 0 -1 H1/2022 H1/2023 H1/2022 H1/2023 H1/2022 H1/2023 − Decrease in order intake following strong Q4/2022; book-to

14. Slide 14: Outlook

    Outlook

15. Slide 15: Fiscal year 2023: Further profitable growth expected

    Outlook for 2023 confirmed Expected development of key performance indicators in 2023 − Revenue growth to EUR 1,050 – 1,100m (2022: EUR 980.7m) − Substantial growth in EBITDA; EBITDA margin of 19.0 to 19.5 percent Fiscal year 2023: (2022: 18.8%) − Capital expenditure markedly higher than in prior ye

16. Slide 16: Appendix

    Appendix

17. Slide 17: Dates and contact

    Dates and contact 05.09.2023 Coba and ODDO BHF Conference, Frankfurt/Main 05.09.2023 dbAccess European TMT Conference, London 18.09.2023 Berenberg German Corporate Conference, Munich 19.09.2023 Baader Investment Conference, Munich 09.11.2023 Publication of Quarterly Statement January – September 202

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