Jenoptik Ag · XETR:JEN
Jenoptik — H1 2011 Earnings Presentation
20 slides from Jenoptik's earnings presentation, Aug 11, 2011
Slide 1: Conference call: Results of the 1st half-year 2011 and outlook
JENOPTIK AG Conference call Results of the 1st half-year 2011 and outlook August 11, 2011
Slide 2: Group results, segment reporting, outlook
Group results 1st half-year 2011 Segment reporting Outlook Half-year results 2011 2011-08-08 2 Jenoptik - a global optoelectronics player
Slide 3: Group EBIT more than doubled compared with previous year
Group EBIT more than doubled compared with previous year Sales rose by 15.8 percent to 256.3 million euros Group EBIT, at 24.0 million euros more than doubled, in particular due to high demand from semiconductor and automotive industry Strong improvement in order intake of 29.8 percent to 346.
Slide 4: Strong sales growth abroad; future focus on Asia and North America
Jenoptik Group – strong sales growth abroad; future focus on Asia and North America Germany € 421,8m Europe H1/11 H1/11 € 98.8m NAFTA € 85.7m + 7.8% H1/11 + 26.5% € 35.0m + 4.5% Asia $ +12% H1/11 € 24.5m Other + 32.2% H1/11 € 12.,2m + 25.5% Increase in group sales of 15.8% was mainly generated abr
Slide 5: Income statement H1 2011: Group EBIT more than doubled
Income statement 1st half-year 2011: Group EBIT more than doubled In million euros H1/11 H1/10* Sales 256.3 221.3 Sales 15.8% up on previous year‘s level Lasers & Optical Systems segment: good demand from semiconductor industry Gross margin 35.0% 30.0% and increase in Lasers business unit Metr
Slide 6: Income statement H1 2011: Financial result improved
Income statement 1st half-year 2011: Financial result improved In million euros 3M H1/11 10 H1/10* EBIT 24.0 8.9 Investment result -0.5 -0.3 Interest result -5.2 -5.7 Improved interest income, interest expenses slightly reduced Financial result -5.7 -6.0 Earnings before tax 18.4 2.9 * Continuing b
Slide 7: Earnings before and after tax significantly higher
Income statement 1st half-year 2011: Earnings before and after tax significantly higher In million euros H1/11 H1/10* Earnings before tax 18.4 2.9 Income taxes 2.5 0.7 Cash-effective tax rate 13.6 percent Use of tax loss carried forward Deferred taxes 1.4 0.3 (~470 million euros) Earnings after
Slide 8: Order intake nearly one third higher than in previous year
Order intake in the 1st half-year 2011 nearly one third higher than in previous year In million euros H1/11 H1/10* Change Order intake 346.1 266.7 29.8% Improved order intake Traffic safety order of more than 20 million euros PUMA partial order of almost 40 million euros In million euros 30.06
Slide 9: Cash flow statement: strong improvement in free cash flow
Cash flow statement: Again positive cash flow from operating activities; strong improvement in free cash flow In million euros H1/11 H1/10 Operating profit before working 36.4 23.5 Significantly improved earnings capital changes before tax Changes in working capital -11.1 -15.1 Higher working ca
Slide 10: Net debt remains low; equity ratio rose to 47.0 percent
Net debt at 86.7 million euros remains at low level; shareholders‘ equity ratio rose to 47.0 percent In million euros 30.06.2011 31.12.2010 Cash and cash equivalents 53.7 65.3 Securities 0.9 0.8 Long-term bank loans 80.8 123.2 Repayment of bank credits and reclassification of installments which ar
Slide 11: Group results, segment reporting, outlook
Group results 1st half-year 2011 Segment reporting Outlook Half-year results 2011 2011-08-08 11 Jenoptik - a global optoelectronics player
Slide 12: Sales growth generated by Lasers & Optical Systems and Metrology
Sales growth generated by Lasers & Optical Systems and Metrology segments Jenoptik Group Sales H1/11: € 256.3m Sales H1/10: € 221.2m* Lasers & Defense & Optical Systems Metrology Civil Systems Sales H1/11: € 108.8m Sales H1/11: € 62.1m Sales H1/11: € 84.7m Sales H1/10: € 92.9m Sales H1/10: € 43.4m S
Slide 13: Lasers & Optical Systems: Substantial EBIT improvement
Lasers & Optical Systems: Substantial EBIT improvement thanks to strong sales with semiconductor industry Lasers & Material Processing: EBIT slightly positive and higher than in previous year, also due to more efficient production structures Rise in demand for laser systems for medical technolog
Slide 14: Metrology: Significantly higher demand from automotive industry
Metrology: Significantly higher demand from automotive industry; Traffic Solutions stable Industrial Metrology: Sales on quarterly basis at pre-crisis level, optimized cost structures reflected in result Record order intake Traffic Solutions: Stable business development in the basic business
Slide 15: Defense & Civil Systems: Stable, profitable development continuing
Defense & Civil Systems: Stable, profitable development is continuing Defense & Civil Systems: Stable business development with new more market-oriented structures Result slightly lower than in previous year due to different sales mix Partial PUMA order of almost 40 million euros influenced or
Slide 16: Group results, segment reporting, outlook
Group results 1st half-year 2011 Segment reporting Outlook Half-year results 2011 2011-08-08 16 Appendix - Key Figures: first 9 months 2008
Slide 17: Jenoptik – future development in the segments
Jenoptik – future development in the segments Lasers & Material Processing: Further internationalization with focus on Asia and North America Lasers & Positive development in medical technology business and laser processing systems Optical Systems Optical Systems: High level in the semiconduct
Slide 18: Forecast 2011 confirmed: Sales more than 510 million euros
Forecast 2011 confirmed: Sales more than 510 million euros, Group EBIT 40 million euros Sales and earnings Sales of more than 510 million euros At present high level in semiconductor cycle, normalization expected in further course of the year Other drivers: automotive industry, medical technolog
Slide 19: Dates and contact
Dates and contact August 11, 2011 Results of 1st half-year 2011, conference call August 12, 2011 Analysts’ conference, Frankfurt August 30, 2011 WestLB Sector Day, London September 2, 2011 Commerzbank Sector Conference, Frankfurt September 16, 2011 Berenberg Technology Conference, Paris
Slide 20: Disclaimer
Disclaimer This announcement 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