Slide 1: Conference Call: Results of the 1st half-year 2018 and outlook
JENOPTIK AG Conference Call Results of the 1st half-year 2018 and outlook Dr. Stefan Traeger, President & CEO © Copyright Jenoptik. All rights reserved. Hans-Dieter Schumacher, CFO I August 9, 2018
Slide 2: Agenda: 1st half-year 2018
1st half-year 2018 1 Development of the Jenoptik Group 2 Performance of the segments 3 Outlook 4 Appendix 9.8.2018 1st half-year 2018 © 2018 JENOPTIK AG, All rights reserved. 2
Slide 3: Major events in the 1st half-year 2018
Major events in the 1st half-year 2018 Acquisition of Prodomax Automation Ltd., Canada Revenue and earnings guidance raised Substantial investments in expansion of our locations Revenue of 384.7 million euros H +10.4% EBITDA of 56.3 million euros 1 +31.4% 9.8.2018 1st half-year 2018 ©
Slide 4: Acquisition of Prodomax Automation Ltd. in July 2018
Acquisition of Prodomax Automation Ltd. in July 2018 Largest acquisition in recent years Prodomax Automation Ltd. ▪ Company focuses on machine integration and process automation in the automotive industry ▪ Approx. 180 employees, headquartered in Barrie, Ontario, Canada ▪ Revenue in fiscal year
Slide 5: Strong tailwind from the markets led to substantial rise in revenue
Strong tailwind from the markets led to substantial rise in revenue Revenue in million euros 500 + 10.4% 400 384.7 348.4 300 200 221.1 184.7 189.9 194.8 178.4 163.7 100 0 Q1/17 Q2/17 H1/17 Q3/17 Q4/17 Q1/18 Q2/18 H1/18 Revenue grew as expected, highest revenue in a 1st half-year Growth in all th
Slide 6: Foreign revenue came to about 67 percent; strong growth in Germany
Foreign revenue came to about 67 percent; Strong growth in particular in Germany EUROPE + 21.5% GERMANY 241.2 + 27.4% 198.5 125.5 98.6 AMERICAS + 0.8% 81.8 82.5 ASIA / PACIFIC AFRICA / - 17.5% MIDDLE EAST 53.3 44.0 + 15.3% 14.8 17.0 9.8.2018 1st half-year 2018 © 2018 JENOPTIK AG, All rights reserved
Slide 7: Earnings showed disproportionate improvement; significant increase in margins
Earnings showed disproportionate improvement; significant increase in margins EBITDA in million euros 80 + 31.4% 60 EBITDA showed stronger increase 56.3 than revenue 40 42.8 All three segments with higher 30.3 33.8 earnings contribution 20 25.0 27.7 28.5 17.8 EBITDA margin 14.6% (prior year 12
Slide 8: Successful business development is also reflected in marked EPS improvement
Successful business development is also reflected in marked EPS improvement Revenue 384.7 348.4 Gross margin at good prior year level Gross margin 35.2% 35.3% Increase in R+D and selling expenses; administrative expenses Functional costs 92.7 90.8 reduced Financial result improved, in part due
Slide 9: Positive catch-up effects in order intake already in Q2
Positive catch-up effects in order intake already in Q2; on a cumulated basis slightly below prior year Order intake in million euros Order backlog in million euros 500 500 2.0% 453.5 454.7 400 400 405.3 397.2 300 300 200 200 100 100 0 0 H1/2017 H1/2018 Dec 31, 2017 Jun 30, 2018 Better developme
Slide 10: Free cash flow increased – good basis for future investments
Free cash flow increased – good basis for future investments In million euros H1/2018 H1/2017 Operating profit before 55.1 43.5 Working capital grew to 227.1 million adjusting working capital euros (31.12.17: 214.8m euros / 30.6.17: 212.8m euros), in particular due to Changes in working capital hi
Slide 11: Agenda: Performance of the segments
1st half-year 2018 1 Development of the Jenoptik Group 2 Performance of the segments 3 Outlook 4 Appendix 9.8.2018 1st half-year 2018 © 2018 JENOPTIK AG, All rights reserved. 11
Slide 12: Optics & Life Science segment
Optics & Life Science segment: continuing high demand was driving growth and profitability Revenue in million euros EBITDA in million euros Order intake in million euros 200 + 11.7% 40 + 22.4% 200 + 5.7% +17,1% 160 32 160 32.4 157.5 139.5 149.1 120 24 26.5 120 124.9 80 16 80 40 8 40 0 0 0 H1/2017 H1
Slide 13: Mobility segment
Mobility segment: as expected, delivery of toll monitoring systems resulted in significant improvement Revenue in million euros EBITDA in million euros Order intake in million euros 200 20 200 + 17.6% + 155.8% 2.9% 160 16 160 16.1 138.5 144.4 140.2 120 12 120 117.8 80 8 80 6.3 40 40 4 0 0 0 H1/201
Slide 14: Defense & Civil Systems segment
Defense & Civil Systems segment: slight rise in revenue and earnings; order intake improved in Q2 Revenue in million euros EBITDA in million euros Order intake in million euros 150 15 150 + 2.7% + 3.0% 10.2% 120 12 120 11.3 11.7 105.4 108.2 111.8 90 9 90 100.4 60 6 60 30 3 30 0 0 0 H1/2017 H1/2018
Slide 15: Agenda: Outlook
1st half-year 2018 1 Development of the Jenoptik Group 2 Performance of the segments 3 Outlook 4 Appendix 9.8.2018 1st half-year 2018 © 2018 JENOPTIK AG, All rights reserved. 15
Slide 16: Higher earnings expected for 2018; increased revenue guidance confirmed
Higher earnings expected for 2018; increased revenue guidance confirmed New financial guidance for 2018* – following the acquisition of Prodomax and a better than originally anticipated profitability in the ongoing businesses We expect revenue to be in a range between 805 and 820 million euros (pr
Slide 17: Agenda: Appendix
1st half-year 2018 1 Development of the Jenoptik Group 2 Performance of the segments 3 Outlook 4 Appendix 9.8.2018 1st half-year 2018 © 2018 JENOPTIK AG, All rights reserved. 17
Slide 18: Dates and contact
Dates and contact August 9, 2018 Results of 1st half-year 2018, conference call August 10, 2018 Analysts‘ meeting and roadshow Frankfurt/Main August 16, 2018 Roadshow Hamburg August 20/21, 2018 Roadshow USA August 30, 2018 Commerzbank Sector Conference, Frankfurt/Main September 13/14, 2018 Roadshow
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