Slide 1: JENOPTIK AG – First half-year 2024
JENOPTIK AG – First half-year 2024 Dr. Stefan Traeger I Dr. Prisca Havranek-Kosicek | August 9, 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 half-year 2024 at a glance
First half-year 2024 at a glance
Slide 4: Double-digit earnings growth in first half-year 2024
Double-digit earnings growth in first half-year 2024 − Pickup in demand in Q2, as expected − Substantial increase in revenue / profitability further improved mainly driven by Non-Photonic Portfolio Companies − Construction of new fab in Dresden according to schedule − Continue to anticipate back-end
Slide 5: First half-year 2024 Group
First half-year 2024 Group
Slide 6: Pickup in demand in Q2; order intake still below prior year; continued solid order backlog
Pickup in demand in Q2; order intake still below prior year; continued solid level of order backlog Order intake in MEUR Order backlog in MEUR 600 −4.1% 900 −1.5% 546.9 524.4 450 745.0 734.1 600 300 300 150 0 0 H1/2023 H1/2024 Dec 31, 2023 Jun 30, 2024 − Order intake in Q2 increased by 7.0% compared
Slide 7: Substantial increase in revenue and EBITDA
Substantial increase in revenue and EBITDA Revenue in MEUR EBITDA in MEUR 600 7.1% 120 10.7% 540.8 450 504.9 90 101.4 91.6 300 60 150 30 0 0 H1/2023 H1/2024 H1/2023 H1/2024 − Revenue performance driven by Advanced Photonic − EBITDA margin grew to 18.8% (prior year 18.1%) Solutions and Non-Photonic P
Slide 8: Earnings per share up by 23 percent
Earnings per share up by 23 percent In million euros H1/2024 H1/2023 Change in % Revenue 540.8 504.9 7.1 − Gross margin influenced in particular by higher depreciation/amortization and material costs Gross margin 33.7% 34.7% − Functional cost ratio amounted to 22.0% Functional costs 119.2 115.7 3.0
Slide 9: Continued sound financial basis and balance sheet
Continued sound financial basis and balance sheet In million euros H1/2024 H1/2023 Change in % Cash flows from operating 76.3 67.4 13.2 activities before income taxes − Cash flows from operating activities mainly influenced by improved earnings and lower income tax payments Cash flows from operative
Slide 10: First half-year 2024 Divisions
First half-year 2024 Divisions
Slide 11: Advanced Photonic Solutions: Rising demand in Q2
Advanced Photonic Solutions: Rising demand in Q2 Order intake in MEUR Revenue in MEUR EBITDA in MEUR 500 500 100 − 1.6% 8.2% 1.2% 400 400 80 422.4 415.8 422.0 85.9 87.0 300 300 390.0 60 200 200 40 100 100 20 0 0 0 H1/2023 H1/2024 H1/2023 H1/2024 H1/2023 H1/2024 − Order intake: continued robust deman
Slide 12: Smart Mobility Solutions: book-to-bill ratio well above 1; continuing good order backlog
Smart Mobility Solutions: book-to-bill ratio well above 1; continuing good order backlog Order intake in MEUR Revenue in MEUR EBITDA in MEUR 80 80 5 1.2% − 4.1% − 28.3% 4 60 60 4.4 62.5 63.3 3 40 54.7 52.4 3.2 40 2 20 20 1 0 0 0 H1/2023 H1/2024 H1/2023 H1/2024 H1/2023 H1/2024 − Order intake is subje
Slide 13: Non-Photonic Portfolio Companies: In Q2 earnings strongly improved and growing order intake
Non-Photonic Portfolio Companies: In Q2 earnings strongly improved and growing order intake Order intake in MEUR Revenue in MEUR EBITDA in MEUR 80 80 15 − 26.0% 12.1% 75.3% 12 60 60 65.3 12.3 59.7 58.2 9 40 40 44.2 6 7.0 20 20 3 0 0 0 H1/2023 H1/2024 H1/2023 H1/2024 H1/2023 H1/2024 − Order intake: p
Slide 14: Outlook
Outlook
Slide 15: Fiscal year 2024: Further profitable organic growth
Outlook 2024 confirmed Expected development of key performance indicators in 2024 − Revenue growth in mid single-digit percentage range (2023: 1,066.0 million euros) − EBITDA margin of 19.5 to 20.0 percent, including expected negative impact Fiscal year 2024: of approx. 0.5 percentage points for mov
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 Revenue 234.1 270.8 263.8 297.3 1,066.0 256.1 284.7 EBITDA 36.6 55.0 51.4 66.5 209.6 44.5 56.9 EBITDA margin in % 15.6 20.3 19.5 22.4 19.7 17.4 20.0 EBIT 19.9 33.9 34.3 38.2 126.3 26.0 37.7 EA
Slide 18: Dates and contact
Dates and contact 09.08.2024 H1 2024 27.08.2024 Jefferies Conference, Chicago 28.08.2024 Roadshow New York 04.09.2024 Coba ODDO BHF Corporate Conference, Frankfurt/Main 05.09.2024 dbAccess European TMT Conference, London 12.11.2024 9M 2024 Andreas Theisen Sabine Barnekow https://www.jenoptik.com Hea