Slide 1: JENOPTIK AG – First nine months 2024
JENOPTIK AG – First nine months 2024 Dr. Stefan Traeger I Dr. Prisca Havranek-Kosicek | November 12, 2024 © 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: First nine months 2024 at a glance
First nine months 2024 at a glance
Slide 4: Double-digit earnings growth in first nine months 2024
Double-digit earnings growth in first nine months 2024 − Revenue and EBITDA: robust development − Order intake: slightly below the prior year's figure − General market environment: has become more difficult − Fiscal year 2024: revenue and earnings guidance confirmed − Financial targets 2025: postpon
Slide 5: First nine months 2024 Group
First nine months 2024 Group
Slide 6: Order intake below prior-year figure mainly due to weak automotive demand
Order intake below prior-year figure mainly due to weak automotive demand; continued solid level of order backlog Order intake in MEUR Order backlog in MEUR 1000 −6.4% 900 −4.8% 800 835.3 745.0 781.9 709.2 600 600 400 300 200 0 0 9M/2023 9M/2024 Dec 31, 2023 Sep 30, 2024 − Stable demand in semicondu
Slide 7: EBITDA increased significantly more than revenue
EBITDA increased significantly more than revenue Revenue in MEUR EBITDA in MEUR 900 6.0% 180 12.2% 750 815.1 150 160.6 768.7 143.0 600 120 450 90 300 60 150 30 0 0 9M/2023 9M/2024 9M/2023 9M/2024 − Revenue increase driven by Advanced Photonic Solutions − EBITDA margin grew to 19.7% (prior year 18.6%
Slide 8: Earnings per share up by around 22 percent
Earnings per share up by around 22 percent In million euros 9M/2024 9M/2023 Change in % Revenue 815.1 768.7 6.0 − Gross margin influenced in particular by higher depreciation/amortization Gross margin 33.9% 34.7% − Functional cost ratio amounted to 21.3% Functional costs 174.0 172.2 1.1 (cost manage
Slide 9: Continued sound financial position and balance sheet
Continued sound financial position and balance sheet In million euros 9M/2024 9M/2023 Change in % Cash flows from operating 124.9 110.5 13.0 activities before income taxes − Cash flows from operating activities influenced by improved EBITDA and lower income tax payments Cash flows from operative −62
Slide 10: First nine months 2024 Divisions
First nine months 2024 Divisions
Slide 11: Advanced Photonic Solutions: increase in revenue and earnings
Advanced Photonic Solutions: increase in revenue and earnings Order intake in MEUR Revenue in MEUR EBITDA in MEUR 800 800 200 0.4% 7.2% 4.0% 160 600 600 622.1 624.7 636.9 594.3 120 138.5 400 400 133.2 80 200 200 40 0 0 0 9M/2023 9M/2024 9M/2023 9M/2024 9M/2023 9M/2024 − Order intake: stable demand f
Slide 12: Smart Mobility Solutions: book-to-bill ratio continues to be well above one
Smart Mobility Solutions: book-to-bill ratio continues to be well above one Order intake in MEUR Revenue in MEUR EBITDA in MEUR 100 2.7% 100 0.5% 10 − 8.3% 80 80 8 87.7 90.1 82.7 83.0 60 60 6 6.7 6.2 40 40 4 20 20 2 0 0 0 9M/2023 9M/2024 9M/2023 9M/2024 9M/2023 9M/2024 − Order intake is subject to p
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 150 120 20 − 46.6% 4.8% 41.1% 120 16 90 17.2 122.5 93.6 90 89.3 12 60 12.2 60 8 65.4 30 30 4 0 0 0 9M/2023 9M/2024 9M/2023 9M/2024 9M/2023 9M/2024 − Order intake: weak demand; prior-year
Slide 14: Outlook
Outlook
Slide 15: Revenue and earnings outlook 2024 confirmed / Financial targets 2025 postponed
Revenue and earnings outlook 2024 confirmed / Financial targets 2025 postponed by one year Jenoptik’s outlook is based in particular on the high order backlog as well as its strong position in core markets. Expected development − Revenue growth in mid single-digit percentage range (2023: 1,066.0 mil
Slide 16: Appendix
Appendix
Slide 17: Overview of quarters in 2023 and 2024
Overview of quarters in 2023 and 2024 In million euros Q1/2023 Q2/2023 Q3/2023 Q4/2023 2023 Q1/2024 Q2/2024 Q3/2024 Revenue 234.1 270.8 263.8 297.3 1,066.0 256.1 284.7 274.3 EBITDA 36.6 55.0 51.4 66.5 209.6 44.5 56.9 59.1 EBITDA margin in % 15.6 20.3 19.5 22.4 19.7 17.4 20.0 21.6 EBIT 19.9 33.9 34.3
Slide 18: Dates and contact
Dates and contact 12.11.2024 Figures 9 months 2024 18.11.2024 BNP Paribas Conference, Paris 22.11.2024 Morgan Stanley Conference, Barcelona 26.11.2024 Eigenkapitalforum, Frankfurt/Main 03.12.2024 Berenberg Conference, Penny Hill 12.02.2025 Preliminary figures 2024 Andreas Theisen Sabine Barnekow htt