Slide 1: Results of the first nine months 2016 and outlook
JENOPTIK AG Results of the first nine months 2016 and outlook November 10, 2016 Dr. Michael Mertin, CEO Hans-Dieter Schumacher, CFO © Copyright Jenoptik, All rights reserved.
Slide 2: Jenoptik – first nine months 2016
Jenoptik – first nine months 2016 Development of the segments Outlook Appendix Nine months 2016 2016-11-10 JENOPTIK AG 2 Jenoptik - a global optoelectronicsplayer
Slide 3: After nine months Jenoptik reports significantly higher earnings, very good order situation and strong cash flow
After nine months Jenoptik reports significantly higher earnings, very good order situation and strong cash flow External framework Major events in the conditions Jenoptik Group Challenging economic environment, e.g. To date business performance in 2016 Emission scandal affected whole as expec
Slide 4: Revenue increased slightly compared to the prior year; marked rise in Germany and Asia/Pacific
Revenue increased slightly compared to the prior year; marked rise in Germany and Asia/Pacific Revenue in million euros Revenue by region in million euros 600 600 +1.0% 500 487.7 492.6 500 27.3 14.4 61.5 73.5 Middle East/ 400 400 (5%) Africa 47.2% 100.2 89.0 (14%) Asia/Pacific +19.5% 300 300 144.6
Slide 5: Disproportionate increase in EBITDA, highest EBIT in a nine-months period
Disproportionate increase in EBITDA, highest EBIT in a nine-months period EBITDA in million euros 100 Stronger rise than revenue +5.8% 80 63.8 67.5 Depreciation slightly below prior-year 60 EBITDA margin at 13.7% 40 (prior year 13.1%) 22.9 25.1 25.0 24.3 26.5 15.8 16.7 20 0 Q1/15 Q2/15 Q3/15 9
Slide 6: Good business development and cost discipline contributed to increase in earnings
Good business development and cost discipline contributed to increase in earnings In million euros 9M/2016 9M/2015 Revenue 492.6 487.7 Cost of sales rose at a lower rate than revenue, gross margin improved Gross margin 35.1% 34.8% R+D output increased to 42.3 million Functional costs 129.0 128.1
Slide 7: Strong order values and frame contracts create good prerequisites for further growth
Strong order values and frame contracts create good prerequisites for further growth Order intake in million euros Order backlog in million euros Frame contracts in million euros 600 600 200 +14.3% 500 547.7 500 +11.1% 150 479.0 400 400 144.0 415.0 373.4 +67.5% 300 300 100 200 200 50 59.2 100 100 0
Slide 8: Free cash flow rose by more than 50 percent
Free cash flow rose by more than 50 percent In million euros 9M/2016 9M/2015 Operating profit before Cash flows from operating activities and 65.2 63.9 free cash flow improved significantly adjusting working capital Lower payments for working capital, Changes in working capital in part attributa
Slide 9: Net debt markedly reduced; equity base further improved
Net debt markedly reduced; equity base further improved Net debt in million euros 300 ~260 Net debt further reduced due to the 250 ~60 very good free cash flow in spite of higher dividend payment 200 Liquid funds rose to 120.2 million euros (31.12.15: 83.8m euros) 150 Equity ratio increased to
Slide 10: Development of segments
Jenoptik – first nine months 2016 Development of segments Outlook Appendix Nine months 2016 2016-11-10 JENOPTIK AG 10 Jenoptik - a global optoelectronics player
Slide 11: Optics & Life Science segment: Rise in revenue, earnings and order intake
Optics & Life Science segment: Rise in revenue, earnings and order intake Revenue (in million euros) EBIT (in million euros) Order intake (in million euros) 200 30 200 +4.5% +18.7% 160 25 160 172.2 157.4 164.5 +71.6% 24.5 20 145,1 120 120 15 80 14.3 80 10 40 5 40 0 0 0 9M/2015 9M/2016 9M/2015 9M/201
Slide 12: Mobility segment: Major orders received will help to gain stronger momentum
Mobility segment: Major orders received will help to gain stronger momentum in the coming quarters Revenue (in million euros) EBIT (in million euros) Order intake (in million euros) 200 20 250 4.1% 20.1% +0.6% 160 176.2 16 200 169.0 0 15.9 195.7 196.9 120 12 150 12.7 80 8 100 40 4 50 0 0 0 9M/2015
Slide 13: Defense & Civil Systems segment: Sustainable success in business development
Defense & Civil Systems segment: Sustainable success in business development Revenue (in million euros) EBIT (in million euros) Order intake (in million euros) 200 15 200 +6.5% +4.9% +30.6% 160 12 13.2 181.1 162.2 12.4 150 154.7 120 9 138.7 100 80 6 50 40 3 0 0 0 9M/2015 9M/2016 9M/2015 9M/2016 9M/2
Slide 14: Outlook
Jenoptik – first nine months 2016 Development of segments Outlook Appendix Nine months 2016 2016-11-10 JENOPTIK AG 14 Jenoptik - a global optoelectronics player
Slide 15: Targets for 2016 confirmed, EBIT margin expected at upper end of forecast range
Targets for 2016 confirmed, EBIT margin expected at upper end of forecast range Externally 2015 2016e Uncertain environment around the globe Revenue 668.6 million Between 680 and Investment behavior euros 700 million euros is hard to predict EBIT 61.2 million euros; EBIT margin at the Internally
Slide 16: Strong market focus supports successful growth
Strong market focus supports successful growth 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 and the stable business Rising revenue with other necessary meas
Slide 17: Our target: to continue path of profitable growth with a corporate structure closer realigned with markets
Our target: to continue path of profitable growth with a corporate structure that is closer realigned with 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 the Americas … to 2018 EBIT margin of
Slide 18: Appendix
Jenoptik – first nine months 2016 Development of the segments Outlook Appendix Nine months 2016 2016-11-10 JENOPTIK AG 18 Jenoptik - a global optoelectronics player
Slide 19: 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 20: Dates and contact
Dates and contact November 10, 2016 Results of the first nine months 2016 November 17, 2016 LBBW German Company Day, London November 22, 2016 Equity Forum, Frankfurt/Main November 25, 2016 Roadshow Stuttgart/Tübingen November 30, 2016 Roadshow Geneva December 6, 2016 Roadshow Cologne/Düs
Slide 21: 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