Slide 1: Results of the first half-year 2016 and outlook
JENOPTIK AG Results of the first half-year 2016 and outlook August 10, 2016 Dr. Michael Mertin, CEO Hans-Dieter Schumacher, CFO © Copyright Jenoptik, All rights reserved.
Slide 2: Jenoptik – 1st half-year 2016
Jenoptik – 1st half-year 2016 Development of the segments Outlook Appendix 1st half-year 2016 2016-08-10 JENOPTIK AG 2 Jenoptik - a global optoelectronicsplayer
Slide 3: Jenoptik remains on track in terms of growth
Jenoptik remains on track in terms of growth: Rise in revenue and earnings as well as strong cash flows External framework Major events in the conditions Jenoptik Group Changeover to new divisional Challenging economic environment, e.g. structure completed; consistent Emission scandal affected
Slide 4: Revenue increased compared to the prior year period
Revenue increased compared to the prior year period Revenue in million euros Revenue by region in million euros 400 400 +3.4% 316.1 326.8 9.8 300 300 16.0 46.1 38.1 Middle East / (5%) Africa −39.0% 56.8 (14%) Asia/Pacific +21.1% 200 200 170.4 171.5 181.0 158.2 168.7 99.8 145.8 95.3 Americas(36%)−15.
Slide 5: EBITDA shows stronger growth than revenue, operating result slightly higher
EBITDA shows stronger growth than revenue, operating result slightly higher than in prior year EBITDA in million euros 60 EBITDA margin at 12.5% 50 +5.9% 38.7 41.0 (prior year 12.2%) 40 Stronger rise than revenue 30 22.9 25.1 25.0 24.3 20 15.8 16.7 10 0 Q1/15 Q2/15 H1/15 Q3/15 Q4/15 Q1/16 Q2/16
Slide 6: Good business development and cost discipline contributed to increase in earnings
Good business development and cost discipline contributed to increase in earnings In million euros H1/2016 H1/2015 Revenue 326.8 316.1 Gross margin slightly reduced, in part Gross margin 34.2% 34.6% due to changed product mix Functional costs 85.4 87.4 Functional costs lower than in prior year
Slide 7: Solid order situation and well-filled project pipeline create the prerequisite for further growth
Solid order situation and well-filled project pipeline create the prerequisite for further growth Order intake in million euros 500 Order intake at the end of June below prior year 400 25.9 Rise in Optics & Life Science segment 300 333.7 −4.3% 319.4 Contracts Order intake in prior year include
Slide 8: Free cash flow rose by more than 150 percent compared to the prior year
Free cash flow rose by more than 150 percent compared to the prior year In million euros H1/2016 H1/2015 Operating profit before Cash flows from operating activities and 40.4 38.2 adjusting working capital free cash flow improved significantly Lower payments for working capital Changes in workin
Slide 9: Net debt remains at low level; equity base further improved
Net debt remains at low level; equity base further improved Net debt in million euros 300 Following substantial reduction ~260 in 2015, net debt was further 250 ~60 reduced due to the very good free cash flow and despite 200 paying a higher dividend in H1/2016 150 106 104 100 203 86 12 29 11 Equ
Slide 10: Development of segments
Jenoptik – 1st half-year 2016 Development of segments Outlook Appendix 1st half-year 2016 2016-08-10 JENOPTIK AG 10 Jenoptik - a global optoelectronics player
Slide 11: Optics & Life Science segment: Increase in revenue, earnings and order intake
Optics & Life Science segment: Increase in revenue, earnings and order intake Revenue (in million euros) EBIT (in million euros) Order intake (in million euros) 150 15 150 17.2 120 +2.8% 12 +29.2% 13.3 120 +18.3% 113.6 105.1 108.1 10.3 90 90 9 96.0 60 6 60 30 3 30 0 0 0 H1/2015 H1/2106 H1/2015 H1/20
Slide 12: Mobility segment: Revenue and earnings below prior year
Mobility segment: Revenue and earnings below prior year, growth in the focus regions of the Americas and Asia/Pacific Revenue (in million euros) EBIT (in million euros) Order intake (in million euros) 150 10 150 −10.1% 8.7 142.5 0 120 −3.5% 8 − 4.7% 120 128.0 113.0 109.0 7.5 90 6 7.1 90 60 4 60 30 2
Slide 13: Defense & Civil Systems segment: strong development of revenue and earnings
Defense & Civil Systems segment: As expected, strong development of revenue and earnings Revenue (in million euros) EBIT (in million euros) Order intake (in million euros) 120 +11.9% 10 120 111.6 +52.1% 9.2 −17.7% 8 90 99.7 90 97.4 6 80.2 60 6.1 60 4 30 30 2 0 0 0 H1/2015 H1/2016 H1/2015 H1/2016 H1/
Slide 14: Outlook
Jenoptik – 1st half-year 2016 Development of segments Outlook Appendix 1st half-year 2016 2016-08-10 JENOPTIK AG 14 Jenoptik - a global optoelectronics player
Slide 15: Forecast for 2016 confirmed
Forecast for 2016 confirmed Externally 2015 2016e Uncertain environment around the globe (incl. Brexit, Turkey) Revenue 668.6 million Between 680 and euros 700 million euros Investment behavior is hard to predict EBIT 61.2 million euros; Moderate growth; Internally Margin 9.2% EBIT margin betwee
Slide 16: Strong market focus supports successful growth
Strong market focus supports successful growth Optics & Life Science Mobility Defense & Civil Systems Good position in the semi- Globally growing demand for Major orders ensure conductor equipment industry more efficient drives and the stable business Rising revenue with other necessary meas
Slide 17: Our target: continue path of profitable growth with a corporate structure closer realigned with markets
Our target: to continue path of profitable growth with a corporate structure that is closer realigned with markets Our tasks Our mid-term targets Revenue of 800 million euros by 2018 (including smaller acquisitions), of which more than 40 percent in Asia and the Americas … to 2018 EBIT margin of
Slide 18: Appendix
Jenoptik – 1st half-year 2016 Development of the segments Outlook Appendix 1st half-year 2016 2016-08-10 JENOPTIK AG 18 Jenoptik - a global optoelectronics player
Slide 19: New organizational structure more closely aligned with market requirements
With its new organizational structure Jenoptik is more closely aligned with market requirements and positioned closer to customers Divisions Markets Megatrends Semiconductor Optical Systems Digital World equipment / ICT Healthcare Medical Health & Industry Technology Automotive & Mobility & Automoti
Slide 20: Dates and contact
Dates and contact August 10, 2016 Results of the first half-year 2016 August 11, 2016 Analysts‘ conference / roadshow Frankfurt/Main August 17, 2016 Roadshow London August 31, 2016 Commerzbank Sector Conference, Frankfurt/Main September 8, 2016 Bankhaus Lampe German Technology Seminar, Zur
Slide 21: 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