Slide 1: JENOPTIK AG – 1st quarter 2023
JENOPTIK AG – 1st quarter 2023 Dr. Stefan Traeger I Dr. Prisca Havranek-Kosicek | May 11, 2023 © Copyright Jenoptik. All rights reserved.
Slide 2: 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
Slide 3: Highlights 1st quarter 2023
Highlights 1st quarter 2023
Slide 4: Highlights of the 1st quarter 2023 − Good start into fiscal year 2023
Highlights of the 1st quarter 2023 − Good start into fiscal year 2023 ▪ Double-digit revenue and EBITDA growth ▪ Order backlog remained at high level ▪ Order intake below high prior-year basis, as expected; book-to-bill ratio clearly above one − Focus on output optimization and capacity expansion −
Slide 5: 1st quarter 2023 Group
st 1 quarter 2023 Group
Slide 6: Order intake remained at good level, continued high order backlog
Order intake remained at good level, continued high order backlog Order intake in mEUR Order backlog in mEUR 400 −8.8% 5.8% 900 300 776.1 310.3 733.7 283.0 600 200 300 100 0 Q1/2022 Q1/2023 0 Dec 31, 2022 Mar 31, 2023 − Advanced Photonic Solutions, as expected, below very high prior-year − Order bac
Slide 7: Double-digit revenue and earnings growth
Double-digit revenue and earnings growth Revenue in mEUR EBITDA in mEUR 300 50 12.2% 74.2% 250 40 234.1 200 36.6 208.5 30 150 20 100 21.0 10 50 0 0 Q1/2022 Q1/2023 Q1/2022 Q1/2023 − Continued strong development of Advanced Photonic Solutions − Strong contribution of Advanced Photonic Solutions divis
Slide 8: Income statement
Income statement In million euros Q1/2023 Q1/2022 Change in % Revenue 234.1 208.5 12.2 − Gross margin improved substantially due to higher contribution of Advanced Photonic Solutions and Gross margin 33.2% 28.7% Non-Photonic Portfolio Companies Functional costs 56.4 54.9 2.9 − Functional cost ratio
Slide 9: Strong cash flow; continued sound financial base and balance sheet
Strong cash flow; continued sound financial base and balance sheet In million euros Q1/2023 Q1/2022 Change in % − Cash flows from operating activities: higher earnings and Cash flows from operating positive effects from changes in working capital 49.6 21.0 135.9 activities before income taxes − Work
Slide 10: 1st quarter 2023 Divisions
1st quarter 2023 Divisions
Slide 11: Advanced Photonic Solutions: revenue and earnings strongly improved
Advanced Photonic Solutions: revenue and earnings strongly improved Order intake in mEUR Revenue in mEUR EBITDA in mEUR 300 300 50 −10.9% 15.1% 35.0% 40 200 238.1 200 212.1 30 36.7 181.8 158.0 20 27.2 100 100 10 0 0 0 Q1/2022 Q1/2023 Q1/2022 Q1/2023 Q1/2022 Q1/2023 − Order intake: remained at good l
Slide 12: Smart Mobility Solutions: revenue increased, order backlog remained at high levels
Smart Mobility Solutions: revenue increased, order backlog remained at high levels Order intake in mEUR Revenue in mEUR EBITDA in mEUR 50 50 2 0.0% 40 1,5 40 8.4% 1 30 38.9 38.9 30 0,5 20 20 0.7 -0.1 22.9 0 21.2 Q1/2022 Q1/2023 10 10 -0,5 0 0 -1 Q1/2022 Q1/2023 Q1/2022 Q1/2023 − Order intake: subjec
Slide 13: Non-Photonic Portfolio Companies: strong earnings turnaround
Non-Photonic Portfolio Companies: strong earnings turnaround Order intake in mEUR Revenue in mEUR EBITDA in mEUR 50 50 5 −5.9% 4 40 40 −1.9% 3 30 30 2 3.2 32.5 30.6 1 Q1/2022 20 20 28.8 28.3 0 Q1/2022 Q1/2023 -1 10 10 -2.2 -2 0 0 -3 Q1/2022 Q1/2023 Q1/2022 Q1/2023 − Slight decrease in order intake f
Slide 14: Outlook
Outlook
Slide 15: Fiscal year 2023: Further profitable growth expected
Outlook for 2023 confirmed Expected development of key performance indicators in 2023 − Revenue growth to EUR 1,050 – 1,100m (2022: EUR 980.7m) − Substantial growth in EBITDA; EBITDA margin of 19.0 to 19.5 percent Fiscal year 2023: (2022: 18.8%) − Capital expenditure markedly higher than in prior ye
Slide 16: Appendix
Appendix
Slide 17: Dates and contact
Dates and contact 12.05.2023 Stifel German Corporate Conference, Frankfurt/Main 24.05.2023 Berenberg Conference, New York 25.05.2023 Roadshow Chicago 07.06.2023 Annual General Meeting 09.08.2023 Publication of Interim Report January – June 2023 Andreas Theisen Sabine Barnekow https://www.jenoptik.co