Jenoptik Ag · XETR:JEN
Jenoptik — Merger or Acquisition (July 2020)
17 slides from Jenoptik's merger presentation, Jul 2, 2020
Slide 1: Jenoptik acquires TRIOPTICS, maintaining strategic focus on photonics, growth and profitability
Jenoptik acquires TRIOPTICS, maintaining strategic focus on photonics, growth and profitability July 2, 2020
Slide 2: Forward-Looking Statements Disclaimer
Forward-Looking Statements 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, t
Slide 3: More innovation in photonics applications.
More innovation in photonics applications. Jenoptik to acquire TRIOPTICS: Expanding our competence in optical and precision instruments and components for a digital world.
Slide 4: Imagine …
Imagine … Your baby is born. You take a perfect video. And share it with your loved ones. Picture: Unsplash
Slide 5: Get closer to your loved ones. With superb mobile device performance
Get closer to your loved ones. With superb mobile device performance ensured by Jenoptik and TRIOPTICS. Great conversations means that Granny’s tablet needs a camera that autofocuses rapidly, a high density display that refreshes hundreds of times a second, and a lightweight system that works in her
Slide 6: Get virtually real. With VR & AR technology powered by Jenoptik and TRIOPTICS
Get virtually real. With VR & AR technology powered by Jenoptik and TRIOPTICS. Gaming technology is moving at the speed of light, and realism is everything. The appetite of developers for ever higher resolution from LiDAR scanning devices is insatiable. Jenoptik with its acquisition of TRIOPTICS can
Slide 7: Be amazed by what your smartphone can do.
Be amazed by what your smartphone can do. With quality assurance solutions from Jenoptik & TRIOPTICS. Pictures from a high performance smartphone require lenses that accommodate low light levels, wide angles, close-ups and fast action. The lens and the sensor make up a combination that assures the f
Slide 8: Strategic rationale of the transaction
Strategic rationale of the transaction – acquisition strengthens our capability to participate in dynamic trend of digitization Improved With TRIOPTICS Jenoptik becomes a leading provider of optical measurement and technological leadership manufacturing systems. Strengthens Jenoptik’s technologi
Slide 9: TRIOPTICS – company overview
TRIOPTICS – company overview Founded Facts & Figures Locations Revenue 2019: EBITDA 2019: EBITDA margin: 1991 € 80m € 22m 27% Wedel, Germany (HQ) Employees Business Development and production of optical and precision measurement 400 instruments and components along with the corresponding electronic
Slide 10: TRIOPTICS: Advanced technical capabilities and innovation in key trends across the portfolio
TRIOPTICS: Advanced technical capabilities and innovation in key trends across the portfolio Solutions Illustrative applications Markets Key trends Testing the image quality of lenses Digitization Image quality for (mini-) objectives Mobile 56% of revenue Used in smartphones, laptop- and phone
Slide 11: Leverage proprietary technology to advance innovation and expand served markets
Leverage proprietary technology to advance innovation and expand served markets The acquisition of TRIOPTICS creates a strong global leader in test & measurement instruments. The Group will benefit from high-growth and high-margin business in the field of optics as well as optical sensor assembly an
Slide 12: Expanded global presence
Expanded global presence TRIOPTICS gains presence and market access in Asia and America and Jenoptik leverages its portfolio especially for advanced manufacturing products to drive growth in Asia Triptis Polymer Optics Berlin Jena Electronic Packaging Optoelectronics Optics, Microoptics, Dresden Opt
Slide 13: Enlarged technology portfolio and international footprint make Jenoptik stronger
Enlarged technology portfolio and international footprint make Jenoptik stronger in attractive business fields and regional markets Revenue mix by regions Revenue mix by markets Jenoptik + TRIOPTICS FY 2019* Jenoptik + TRIOPTICS FY 2019* 4% 21% Healthcare & Life Science 9% 16% 25% Germany Semiconduc
Slide 14: Substantial synergies achievable
Substantial synergies achievable More than 50m euros long-term organic revenue Value accretive from potential due to cross selling effects and several synergies year 1 due to substantial organic 600 bn Euros growth potential and CAGR 5-6% multiple synergies. More structural growth drivers Accretiv
Slide 15: Financing of transaction based on very sound financial situation of Jenoptik
Financing of transaction based on very sound financial situation of Jenoptik ~10.4x 2021e EV/EBITDA Transaction consideration Expected to be accretive to EBITDA margin, growth and earnings from year 1 First step 75% and residual 25% until end of 2021 300m euros fully committed term loan with
Slide 16: Jenoptik drives photonics growth story
Jenoptik drives photonics growth story – continued investments in organic growth and attractive external opportunities The acquisition of TRIOPTICS is consistent with Jenoptik’s strategic objectives and the mission to become the leading light in the application of photonics. Leverage core competenci
Slide 17: Thank you.
Thank you. —- JENOPTIK