Jenoptik Ag · XETR:JEN

Jenoptik — 9M 2018 Earnings Presentation

19 slides from Jenoptik's earnings presentation, Nov 13, 2018

  1. Slide 1: Conference Call on the results of the first nine months 2018

    JENOPTIK AG Conference Call on the results of the first nine months 2018 Dr. Stefan Traeger, President & CEO © Copyright Jenoptik. All rights reserved. Hans-Dieter Schumacher, CFO I November 13, 2018

  2. Slide 2: First nine months 2018

    First nine months 2018 1 Development of the Jenoptik Group 2 Performance of the segments 3 Outlook 4 Appendix 13.11.2018 First nine months 2018 © 2018 JENOPTIK AG, All rights reserved. 2

  3. Slide 3: Major events in the first nine months 2018

    Major events in the first nine months 2018  Launch of the new „VINCORION“ brand for the mechatronic business  Acquisition of Prodomax Automation Ltd., Canada, and OTTO VISION GmbH / OVITEC GmbH, Germany  Investments in expansion and modernization of our locations  Revenue forecast raised again 

  4. Slide 4: Two acquisitions were successfully completed in the third quarter 2018

    Two acquisitions were successfully completed in the third quarter 2018 Prodomax Automation Ltd. – largest acquisition in recent years  Machine integration and process automation in the automotive industry  Approx. 180 employees; headquartered in Barrie, Ontario, Canada  Revenue in fiscal year 201

  5. Slide 5: Tailwind from the markets and acquisitions led to substantial rise in revenue

    Tailwind from the markets and acquisitions led to substantial rise in revenue Revenue in million euros 600 + 12.6% 593.4 500 526.8 400 300 200 221.1 194.8 208.7 184.7 178.4 189.9 163.7 100 0 Q1/17 Q2/17 Q3/17 9M/17 Q4/17 Q1/18 Q2/18 Q3/18 9M/18  Highest revenue in a nine-month period in the last ye

  6. Slide 6: Foreign revenue came to almost 70 percent; strong rise in the Americas

    Foreign revenue came to almost 70 percent; strong rise in the Americas also due to acquisitions EUROPE + 15.7% GERMANY 350.3 + 19.4% 303.0 180.1 150.9 AMERICAS + 24.7% 149.7 120.0 ASIA / PACIFIC AFRICA / - 15.8% MIDDLE EAST + 9.7% 81.1 68.2 22.9 25.1 13.11.2018 First nine months 2018 © 2018 JENOPTIK

  7. Slide 7: Profit increased faster than revenue in spite of PPA effects

    Profit increased faster than revenue in spite of PPA effects EBITDA in million euros 100 80 + 21.7% 89.0  All three segments with higher EBITDA contribution 60 73.1  EBITDA margin substantially improved 40 to 15.0% (prior year 13.9%) 20 30.3 33.8 27.7 28.5 32.8  PPA effects of minus 4.8 million e

  8. Slide 8: Successful business development is also reflected in marked EPS improvement

    Successful business development is also reflected in marked EPS improvement Revenue 593.4 526.8  Cost of sales showed stronger rise than revenue, gross margin lower Gross margin 35.3% 36.3% than in prior year Functional costs 138.7 135.1  Increase in R+D and selling expenses; administrative expens

  9. Slide 9: Record order backlog; order intake with strong Q3

    Record order backlog; order intake with strong Q3 Order intake in million euros Order backlog in million euros 800 800 + 2.1% + 6.0% 600 600 576.2 588.4 480.9 400 400 453.5 200 200 0 0 9M/2017 9M/2018 Dec 31, 2017 Sep 30, 2018  Plus of 11.9% in Q3  Good basis for coming months;  Improvement compa

  10. Slide 10: Free cash flow increased markedly – good basis for future investments and growth

    Free cash flow increased markedly – good basis for future investments and growth In million euros 9M/2018 9M/2017  Working capital grew to 239.9 million Operating profit before euros (31.12.17: 214.8m euros / 30.9.17: 88.5 74.1 adjusting working capital 225.3m euros), in particular due to higher op

  11. Slide 11: Performance of the segments

    First nine months 2018 1 Development of the Jenoptik Group 2 Performance of the segments 3 Outlook 4 Appendix 13.11.2018 First nine months 2018 © 2018 JENOPTIK AG, All rights reserved. 11

  12. Slide 12: Optics & Life Science segment: continuing positive business performance

    Optics & Life Science segment: continuing positive business performance was driving growth and profitability Revenue in million euros EBITDA in million euros Order intake in million euros 300 + 10.4% 60 + 18.9% 300 + 4.8% +17,1% 250 50 250 51.1 200 40 200 222.8 233.4 211.2 43.0 191.3 150 30 150 100

  13. Slide 13: Mobility segment: acquisitions and toll monitoring deliveries drove business development

    Mobility segment: acquisitions and delivery of toll monitoring systems contributed to strong business development Revenue in million euros EBITDA in million euros Order intake in million euros 300 30 300 + 23.7% + 68.4% + 5.7% 250 25 250 25.4 200 223.4 20 200 212.3 200.7 150 180.6 15 150 15.1 100 10

  14. Slide 14: Defense & Civil Systems segment: earnings grew at faster rate than revenue

    Defense & Civil Systems segment: earnings grew at faster rate than revenue Revenue in million euros EBITDA in million euros Order intake in million euros 200 25 200 + 3.8% + 17.3%  6.7% 160 20 160 155.1 160.9 18.6 154.4 120 15 144.0 120 15.8 80 10 80 40 5 40 0 0 0 9M/2017 9M/2018 9M/2017 9M/2018 9M

  15. Slide 15: Outlook

    First nine months 2018 1 Development of the Jenoptik Group 2 Performance of the segments 3 Outlook 4 Appendix 13.11.2018 First nine months 2018 © 2018 JENOPTIK AG, All rights reserved. 15

  16. Slide 16: Revenue guidance is raised again, margin targets confirmed

    Revenue guidance is raised again, margin targets confirmed despite substantial PPA effects New revenue target for 2018* – following the acquisitions of Prodomax and the Otto Group as well as application of IFRS for these companies  We now expect revenue to be in a range between 820 and 830 million

  17. Slide 17: Appendix

    First nine months 2018 1 Development of the Jenoptik Group 2 Performance of the segments 3 Outlook 4 Appendix 13.11.2018 First nine months 2018 © 2018 JENOPTIK AG, All rights reserved. 17

  18. Slide 18: Dates and contact

    Dates and contact November 13, 2018 Results of the first nine months 2018, conference call November 15, 2018 LBBW German Corporate Day, London November 19, 2018 Roadshow Stuttgart November 29, 2018 Roadshow Vienna December 11, 2018 Roadshow London December 12, 2018 Roadshow Düsseldorf January 10/11,

  19. Slide 19: 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

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