Slide 1: JENOPTIK AG – First nine months 2023
JENOPTIK AG – First nine months 2023 Dr. Stefan Traeger I Dr. Prisca Havranek-Kosicek | November 9, 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 First nine months 2023
Highlights First nine months 2023
Slide 4: Highlights of the first nine months 2023
Highlights of the first nine months 2023 − Overall macro-economic environment has deteriorated Market − Continued good demand in the semiconductor equipment as well as environment some biophotonic areas − Megatrends relevant for Jenoptik remain intact − Focus on output optimization and capacity expa
Slide 5: First nine months 2023 Group
First nine months 2023 Group
Slide 6: Order intake remained at a good level, continued high level of order backlog
Order intake remained at a good level, continued high level of order backlog Order intake in MEUR Order backlog in MEUR 1000 −5.6% 900 8.3% 884.5 794.9 750 835.3 733.7 600 500 300 250 0 0 9M/2022 9M/2023 31. Dez. 2022 30. Sep. 2023 − Substantially more orders received by Non-Photonic Portfolio − Ord
Slide 7: Revenue increase drives strong improvement in profitability
Revenue increase drives strong improvement in profitability Revenue in MEUR EBITDA in MEUR 900 200 10.1% 21.4% 768.7 160 698,0 600 143.0 120 117.8 80 300 40 0 0 9M/2022 9M/2023 9M/2022 9M/2023 − Strong revenue performance mainly driven by Advanced − EBITDA margin grew substantially to 18.6% (prior y
Slide 8: Income statement
Income statement In million euros 9M/2023 9M/2022 Change in % − Gross margin improved due to higher contribution of Revenue 768.7 698.0 10.1 Advanced Photonic Solutions and Non-Photonic Portfolio Companies Gross margin 34.7% 34.1% − Functional cost ratio decreased noticeably Functional costs 172.2 1
Slide 9: Continued sound financial base and balance sheet
Continued sound financial base and balance sheet In million euros 9M/2023 9M/2022 Change in % Cash flows from operating − Cash flows from operating activities mainly driven by 110.5 85.7 29.0 activities before income taxes higher earnings Cash flows from operative − Working capital ratio at 30.7% (3
Slide 10: First nine months 2023 Divisions
First nine months 2023 Divisions
Slide 11: Advanced Photonic Solutions: continued double-digit revenue growth
Advanced Photonic Solutions: continued double-digit revenue growth Order intake in MEUR Revenue in MEUR EBITDA in MEUR 800 800 150 −8.9% 11.1% 9.3% 120 600 600 133.2 683.2 121.9 622.1 594.3 90 400 400 534.8 60 200 200 30 0 0 0 9M/2022 9M/2023 9M/2022 9M/2023 9M/2022 9M/2023 − Order intake: remained
Slide 12: Smart Mobility Solutions: revenue increase and good order backlog
Smart Mobility Solutions: revenue increase and good order backlog Order intake in MEUR Revenue in MEUR EBITDA in MEUR 120 100 10 −14.5% 9.1% −20.4% 8 90 75 102.6 82.7 8.4 87.7 75.8 6 60 50 6.7 4 30 25 2 0 0 0 9M/2022 9M/2023 9M/2022 9M/2023 9M/2022 9M/2023 − Order intake: subject to project business
Slide 13: Non-Photonic Portfolio Companies: earnings strongly improved
Non-Photonic Portfolio Companies: earnings strongly improved Order intake in MEUR Revenue in MEUR EBITDA in MEUR 150 100 15 26.8% 4.5% 80 12 120 85.4 89.3 122.5 9 12.2 90 60 96.6 6 60 40 3 30 20 0 -1.1 9M/2022 9M/2023 0 0 -3 9M/2022 9M/2023 9M/2022 9M/2023 − Increase in order intake, in particular a
Slide 14: Outlook
Outlook
Slide 15: Margin guidance for 2023 raised – now expecting EBITDA margin of around 19.5%
Margin guidance for 2023 raised – now expecting EBITDA margin of around 19.5% Expected development of key performance indicators in 2023 − Revenue growth to EUR 1,050 – 1,100m (2022: EUR 980.7m) − EBITDA margin is now expected to be around 19.5% Fiscal year 2023: (before 19.0 to 19.5% / 2022: 18.8%)
Slide 16: Appendix
Appendix
Slide 17: Dates and contact
Dates and contact 09.11.2023 Publication of Quarterly Statement January – September 2023 15.11.2023 BNP Conference, Paris 15.11.2023 Morgan Stanley Conference, Barcelona 30.11.-01.12.2023 Capital Markets Day, Berlin 06.12.2023 Berenberg Conference, London 07.12.2023 virtual Auerbach-Grayson US Confe