Slide 1: JENOPTIK AG – The first nine months 2020
JENOPTIK AG – The first nine months 2020 Dr. Stefan Traeger I Hans-Dieter Schumacher | November 10, 2020 © 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: Agenda
Agenda Development of the Jenoptik Group Development of the divisions Outlook 10/11/2020 First nine months 2020 3
Slide 4: First nine months 2020: successful acquisition of TRIOPTICS; business development in Q3 improved
First nine months 2020: successful acquisition of TRIOPTICS; business development in Q3 improved versus prior quarters Revenue 505.0 million euros (prior year 581.4m euros*) EBITDA Adjusted 73.9 million euros (prior year 92.4m euros) Order intake 510.9 million euros (prior year 558.7m euros*)
Slide 5: Significant growth in order intake in Q3 compared to Q2; book-to-bill higher than in prior year
Significant growth in order intake in Q3 compared to Q2; book-to-bill higher than in prior year Order intake in million euros Order backlog in million euros 800 800 8.5% +6.9% 600 600 558.7* 510.9 496.7 400 400 464.7* 200 200 0 0 9M/2019 9M/2020 Dec 31, 2019 Sept 30, 2020 Order intake in Q3 with
Slide 6: Revenue improved in Q3 compared with prior quarters; in the entire period decline
Revenue improved in Q3 compared with prior quarters; in the entire period decline due to pandemic and development in the automotive sector Revenue in million euros 13.1% Good business with the semiconductor 600 equipment industry and public-sector 581.4* customers continued 500 505.0 Significa
Slide 7: Foreign revenue increased slightly to ~73 percent of total; Americas hit hardest
Foreign revenue increased slightly to ~73 percent of total; Americas were hit hardest by the pandemic 9M/2020 Middle 22.0 2.2% 9M/2019 East/Africa 21.5* 57.8 Asia/Pacific 15.9% 68.8* 134.5 Americas 21.0% 170.3* 155.3 Europe 2.8% 159.7* 135.5 Germany 15.9% 161.0* *adjusted = here without Hillos 1
Slide 8: Profitability improved in the course of the year
Profitability improved in the course of the year EBITDA in million euros EBIT in million euros 100 20.0% 32.9% 100 92.4* 80 80 73.9* 60 60 59.1* 40 40 42.6 39.6* 38.1* 20 30.5* 31.7* 20 30.8 23.8 24.9* 26.5* 17.3* 19.7* 20.0* 12.8 6.2* 13.5* 0 0 Q1/19 Q2/19 Q3/19 9M/19 Q4/19 Q1/20 Q2/20 Q3/20 9M
Slide 9: Lower revenue and structural effects affected earnings; EPS remain clearly positive
Lower revenue as well as effects arising from structural and portfolio measures effected earnings figures; EPS remain clearly positive In million euros 9M/2020 9M/2019 Revenue 505.0 581.4* Gross margin impacted by higher fixed costs Gross margin 33.4% 35.2% components Functional costs decreased
Slide 10: Free cash flow improved; sound balance sheet and comfortable liquidity position
Free cash flow improved; sound balance sheet and comfortable liquidity position in spite of COVID-19 and higher debt due to acquisition of TRIOPTICS Increase in working capital to 271.1 million euros In million euros 9M/2020 9M/2019 (in particular as a result of acquisitions (31/12/19: 217.8m euro
Slide 11: Agenda
Agenda Development of the Jenoptik Group Development of the divisions Outlook 10/11/2020 First nine months 2020 11
Slide 12: Light & Optics division: semiconductor equipment business remains robust
Light & Optics division: business with semiconductor equipment industry remains robust and ensures high margin level Business with semiconductor equipment industry remained robust, decline in the areas of biophotonics und industrial solutions; TRIOPTICS contributed 0.9 million euros to revenue; pr
Slide 13: Light & Production division: slowdown in automotive capital expenditure and COVID-19
Light & Production division: slowdown in capital expenditure in automotive industry and COVID-19 impacted business Revenue in third quarter exceeded figures of prior quarters, but over nine-month period marked decline in all areas; contribution of INTEROB 9.5 million euros Positive EBITDA in Q3;
Slide 14: Light & Safety division: positive business development; profitability improved
Light & Safety division: positive business development; profitability noticeably improved Stable capital spending by public-sector customers; increase in revenue of more than 40% in the Americas and Asia/Pacific Operating results grew due to higher revenue Project business leads to fluctuation
Slide 15: VINCORION: Plus in order intake; decrease in revenue and earnings
VINCORION: Plus in order intake; decrease in revenue and earnings Revenue lower than in prior year, which was in particular attributable to the decreases in aviation as well as energy & drive, demand in the power systems area remained good Lower revenue and a lower-margin product mix resulted in
Slide 16: Agenda
Agenda Development of the Jenoptik Group Development of the divisions Outlook 10/11/2020 First nine months 2020 16
Slide 17: Forecast for fiscal year 2020
Forecast for fiscal year 2020 The Executive Board anticipates: including the revenue contribution by TRIOPTICS (approx. 25 million euros), revenue in a range of 755 to 775 million euros, and an adjusted* EBITDA margin between 15.0 and 15.5 percent before PPA effects arising from the acquisition of T