Slide 1: JENOPTIK AG – Nine months 2021
JENOPTIK AG – Nine months 2021 Dr. Stefan Traeger I Hans-Dieter Schumacher | November 10, 2021 © 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
Highlights
Slide 4: Highlights: Acquisition of Berliner Glas Medical and SwissOptic; record EBITDA
Highlights: Acquisition of Berliner Glas Medical and SwissOptic; record EBITDA as well as high order intake and revenue in the first nine months of 2021 Nine months 2021 − Strengthening of the global and fast-growing photonics business through acquisition of Berliner Glas Medical and SwissOptic ➢ On
Slide 5: Strengthening global photonics business
Strengthening global photonics business Jenoptik to acquire Berliner Glas Medical and SwissOptic: - Accelerated growth and stronger focus on photonics - Expansion of global presence in attractive markets (semicon, medical) - Broadening of customer and product portfolio 10/11/2021 Nine months 2021 5
Slide 6: Berliner Glas Medical / SwissOptic at a glance
Berliner Glas Medical / SwissOptic at a glance 1 ~70 Key markets: Substantial Highly years of high Medical technology expansion reputable precision optics Semiconductor of combined global premium product experience Metrology production facilities provider ~500 ~130m euros >10% Attractive Mid-term em
Slide 7: TRIOPTICS – strong growth and high profitability expected in fiscal year 2021
TRIOPTICS – strong growth and high profitability expected in fiscal year 2021 − Gold standard for measuring and testing optics (for lenses, lens systems, and camera modules) in mobile devices − Measurement solutions for augmented and virtual reality optics to enable the production of ever higher qua
Slide 8: Further major steps in transformation process to become a global photonics group
Further major steps in transformation process to become a global photonics group Financial power boosted Further focusing Investment in further growth Debenture bonds of 400 million euros Sale of crystal growth business Jenoptik acquires a property in Dresden, with sustainability components successf
Slide 9: Nine months 2021 Group
Nine months 2021 Group
Slide 10: Strong development of order intake and backlog continued in the 3rd quarter
Strong development of order intake and backlog continued in the 3rd quarter – setting the stage for further growth Order intake in million euros Order backlog in million euros 900 49.0% 800 34.1% 761.0 600 600 616.8 510.9 400 460.1 300 200 0 0 9M/2020 9M/2021 Dec 31, 2020 Sep 30, 2021 − Photonics di
Slide 11: Significant increase in revenue in the nine-months period and quarter-over-quarter
Significant increase in revenue in the nine-months period as well as quarter-over-quarter Revenue in million euros − Revenue in Q3/2021 higher than in prior quarters and 700 20.6% 24.9% higher than in Q3/2020 600 − Contribution of Light & Optics grew significantly 609.2 due to organic growth and rev
Slide 12: Profitability significantly improved in the first nine months compared with prior year
Profitability significantly improved in the first nine months compared with prior year EBITDA in million euros EBIT in million euros 140 100 81.9% 146.4% 120 121.2 80 100 80.5 60 80 60 66.6 40 53.7 40.2 40 47.5 34.2 32.7 20 20 28.8 24.3 20.0 17.1 13.1 0 13.6 0 2.5 6.1 Q1/20 Q2/20 Q3/20 9M/20 Q1/21 Q
Slide 13: Very good operating performance reflected in substantially improved earnings per share
Very good operating performance is also reflected in substantially improved earnings per share In million euros 9M/2021 9M/2020 − Gross margin impacted by higher material costs as well as negative PPA Revenue 609.2 505.0 − Functional costs increased much less than revenue Gross margin 31.9% 33.4% ▪
Slide 14: Well positioned for future growth with sound financial base and balance sheet
Jenoptik is well positioned for future growth with sound financial base and balance sheet structure In million euros 9M/2021 9M/2020 − Debenture bonds totaling 400 million euros, payout of 130 million euros in March and 270 million euros in September Earnings before tax 74.9 29.6 − Working capital g
Slide 15: Nine months 2021 Divisions
Nine months 2021 Divisions
Slide 16: Light & Optics division: outstanding operational development
Light & Optics division: outstanding operational development − Revenue with semiconductor equipment industry increased substantially; Biophotonics and Industrial Solutions showed growth; TRIOPTICS contributed 67.1 million euros − EBITDA more than doubled due to very good operating performance and po
Slide 17: Light & Production division: revenue growth and improved profitability
Light & Production division: revenue growth and improved profitability − Revenue: noticeable recovery in the automotive industry; marked rise at Laser Processing; Industrial Metrology and Automation & Integration showed slight rise − Profitability improved, in part due to first positive effects in c
Slide 18: Light & Safety division: significant increase in revenue and earnings in the 3rd quarter
Light & Safety division: significant increase in revenue and earnings in the 3rd quarter − Substantial rise in revenue in the course of 2021; although marked by volatile project business; orders placed later than expected; in addition COVID-19-related delays in delivery of electronic components − Re
Slide 19: VINCORION: profitability improved and order backlog remained at high level
VINCORION: profitability improved and order backlog remained at high level − Revenue: increase in the Aviation area, which had been hit particularly hard by COVID; decrease in the Ground Based Air Defense and Rail areas − Profitability improved due to cost reduction measures implemented − Project de
Slide 20: Outlook
Outlook
Slide 21: Group: guidance for 2021 confirmed
Group: guidance for 2021 confirmed The Executive Board confirms the guidance for 2021 raised in July, thanks to the very strong operative performance in the first nine months. − Revenue between 880 and 900 million euros Fiscal year 2021: (incl. TRIOPTICS) / prior year 767.2m euros) ▪ TRIOPTICS is ex
Slide 22: Megatrends will drive demand for photonics solutions of the future
Megatrends will drive demand for photonics solutions of the future – Jenoptik well positioned with its broad and innovative portfolio and expertise - Digitization: growing demand for chips for various applications; increasing usage of augmented and virtual reality>> Jenoptik supplies high-performanc
Slide 23: Appendix
Appendix
Slide 24: Dates and contact
Dates and contact 10.11.2021 Interim Statement January – September 2021 30.11./01.12.2021 Jenoptik Capital Markets Day 07.12.2021 Berenberg European Conference 06./07.01.2021 ODDO BHF Conference (virtual) 18.01.2021 Kepler Cheuvreux Conference (virtual) Leslie Iltgen www.jenoptik.com Vice President