Jenoptik Ag · XETR:JEN
Jenoptik — Investor Day (November 2021)
27 slides from Jenoptik's investor day presentation, Nov 30, 2021
Slide 1: Semiconductor and Electronics / Life Science and MedTech
Semiconductor and Electronics/ Life Science and MedTech Dr. Ralf Kuschnereit
Slide 2: Semiconductor and Electronics
Semiconductor and Electronics Deep-dive included today Ambition We aspire to bring the next level of digitization to the people by photonic innovations Businesses 1,200 Semiconductor and 50% Semiconductors EUR mn Electronics Optical Test & Measurement Extended reality (AR/VR) Quantum Technologies Fr
Slide 3: Well-balanced portfolio of high growth and high market share businesses
In the Semiconductor and Electronics market we have a well-balanced portfolio of high growth and high market share businesses Deep-dive included today Invest to increase market share High Augmented and virtual reality Quantum Technologies Free Space Optical Communication Optical Test & Measurement S
Slide 4: Semiconductor end-markets expected to grow ~7% longer-term
Semiconductor end-markets expected to grow ~7% longer-term Smartphone (bUSD) Consumer electronics (bUSD) Personal computing (bUSD) Forecast +2.6% +6.7% Drivers for growth +7.8% 132 210 98 120 119 161 160 93 102 86 100 109 110 113 − Smartphones, 5G, 115 116 144 155 155 64 69 66 67 70 83 78 108 106 48
Slide 5: Continued strong market growth for Semiconductor Equipment
Continued strong market growth for Semiconductor Equipment Unprecedented growth in demand for Semiconductor Equipment, driven by CAGR 9.6% Technology − Data centers, faster wireless communication and automotive are driving advanced logic & memory chips Semiconductor Chips1 Semi Revenue (bUSD) Geopol
Slide 6: Business Fields and Strategic Approaches
Business Fields and Strategic Approaches IC Display “Where to Play, how to Win” IC Litho. End Products with Electronics Inspection (Insp. & Litho) Equipment Equipment Equipment A Grow share of wallet with major customers Semiconductors (IC, Display) B Gain market share from competition and grow shar
Slide 7: Grow share of wallet with key customers
Grow share of wallet with key customers Achievements 1. New ebeam lithography system ordered, production start scheduled for begin of 2023 2. New Microoptics Cleanroom Fab at Dresden approved and detailed planning started, production start scheduled for early 2025 − Investment of approx. 70 EUR mn −
Slide 8: Summary and Outlook 2025
Summary and Outlook 2025: we continue to build our business and are well-prepared for the future Jenoptik honored with Outlook to 2025 ASML Sustainability Excellence Award 2021 We continue to build our Semiconductor business along the lines we just outlined − Grow share of wallet with key customers
Slide 9: Optical Test & Measurement
Optical Test & Measurement Ambition We aspire to be globally recognized as the leading provider of application-specific optical test and measurement solutions for optics in high-end electronic products 1,200 Semiconductor and Businesses 50% EUR mn Electronics Semiconductors Optical Test & Measuremen
Slide 10: TRIOPTICS – strong growth and high profitability
TRIOPTICS – strong growth and high profitability − Gold standard for measuring and testing optics (for lenses, lens systems, and camera modules) in mobile devices − Measurement solutions for augmented and virtual reality optics to enable the production of ever higher quality VR and AR products For t
Slide 11: Broad product portfolio of optical test and measurement solutions
Jenoptik combines a broad product portfolio of optical test and measurement solutions and is positioned in attractive growth markets End-user Devices Jenoptik provides application-specific test and measurement solutions based on optical technology Components & Subsystems combined with Glass Lenses L
Slide 12: Attractive portfolio mix; growth driven by AR/VR and ADAS
Attractive portfolio mix; Growth is expected to be driven by AR/VR and advanced driving assistance systems (ADAS) applications CAGR 7% 10 % 18 % 6% Optics manufacturing Smartphones Automotive2 Communication − Glass and lenses − Mobile phone cameras − ADAS cameras − Infrared systems − Optics mounting
Slide 13: Strategic initiatives to accelerate growth in key industries
Strategic initiatives to accelerate growth in key industries Market Mobile Phone ADAS AR/VR Winning Safeguard Jenoptik’s leading position in the Become the number one supplier for testing of Position Jenoptik as the number one supplier Aspiration mobile phone segment camera modules and improve marke
Slide 14: Extended Reality
Extended Reality Ambition Jenoptik aspires to be globally known for enabling consumer acceptance of AR/VR devices by ensuring outstanding quality for optical components 1,200 Semiconductor and 50% EUR mn Electronics Businesses Semiconductors Optical Test & Measurement Extended reality Quantum Techno
Slide 15: Three types of extended reality: augmented, mixed and virtual
We distinguish between three types of extended reality: augmented, mixed and virtual XR = Extended Reality Real world with additions Virtual world AR MR VR Augmented Reality Mixed Reality Virtual Reality User still sees the real world, User is linked to both real and User only experience the digital
Slide 16: Extended reality is at an inflection point
Extended reality is at an inflection point – a large variety of hardware solutions are there; content is about to be developed… “Metaverse” Today‘s AR/VR value chain offers attractive EBIT margin >25% Value chain Content provider AR/VR hardware AR/VR software Component supplier Testing (gaming for V
Slide 17: VR market larger than AR in 2020, extraordinary growth predicted for AR
The VR market is significantly larger than AR in 2020 but an extraordinary growth is predicted for AR Most optimistic scenario Base scenario VR headset market, 2020–2025, in EUR bn AR headset market, 2020–2025, in EUR bn 65.5 Growth assumptions: Growth assumptions: Technical maturing of the market p
Slide 18: Quantum Technologies
Quantum Technologies Ambition We aspire to be the photonics partner of choice in industrialization of selected Quantum Technology solutions 1,200 Semiconductor and Businesses 50% EUR mn Electronics Semiconductors Optical Test & Measurement Extended reality Quantum Technologies Free space optical com
Slide 19: Quantum Technologies are a major market opportunity
Quantum Technologies are a major market opportunity and scaling starts now Market potential in base scenario, EUR bn x Range across low and high scenario Quantum computing enables new Quantum sensing provides territories of computing and allows for measurements of various quantities exponential perf
Slide 20: Right-to-play: broad portfolio of high-performance optical technologies
Right-to-play: Jenoptik has a broad portfolio of high-performance optical technologies and is already active in Quantum Computing development Technology Broad portfolio of high performance optical technologies Customer access Existing customers Trusted development partner for optical systems with tr
Slide 21: In future: intensify efforts in quantum technologies
In future: we want to intensify overall efforts in quantum technologies 1 Long-term contacts in the industry 4 Responsiveness and fast deliveries 2 Complex deliveries that work to specification 3 Reliability and expertise 11/30/2021 Jenoptik Capital Markets Day 2021
Slide 22: In selected Quantum Technologies, Jenoptik has a starting point
In selected Quantum Technologies, Jenoptik has already a starting point Quantum Computing Quantum Communications Quantum Sensing Existing business Development possible Development possible − Jenoptik delivers optical systems − Jenoptik delivers optical components − Jenoptik has strong capabilities i
Slide 23: Life Science and MedTech
Life Science and MedTech Ambition Life Science and MedTech We aspire to be the leading photonic OEM partner helping to improve the lives 25% of millions of people around the world 1,200 EUR mn 11/30/2021 Jenoptik Capital Markets Day 2021 23
Slide 24: Strengthening global photonics business
Strengthening global photonics business Acquisition of Berliner Glas Medical and SwissOptic: - Accelerated growth and stronger focus on photonics - Expansion of global presence in attractive markets (semicon, medical) - Broadening of customer and product portfolio 11/30/2021 Jenoptik Capital Markets
Slide 25: Acquisition of Berliner Glas Medical and SwissOptics
Acquisition of Berliner Glas Medical and SwissOptics – Broadening of product and technology offering Medical Technology Semicon Jenoptik’s existing medical technology Strengthening offering for major semicon customers business will almost double − Complementary product portfolios resulting in a comp
Slide 26: Our ambitious growth path until 2025
Our ambitious growth path until 2025 Portfolio as of end 2021 Including portfolio additions Revenue breakdown in Life Science and MedTech 2021-2025e, EUR mn Key takeaways ~300 We have the ambition to grow our Life Science and MedTech business 170-200 to ~300 EUR mn Possibility of M&A related growth
Slide 27: 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