Slide 1: JENOPTIK AG – Fiscal year 2020
JENOPTIK AG – Fiscal year 2020 Dr. Stefan Traeger I Hans-Dieter Schumacher | March 25, 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: New star of the Jenoptik Family
New star of the Jenoptik Family - Gold standard for measuring and testing optics of mobile devices - Positive contribution to group earnings already in 2020 - Long-term revenue synergies of up to 50 million euros
Slide 5: New strategic sales approach in Light & Production
New strategic sales approach in Light & Production First large order for production equipment for electric vehicles due to integrated sales approach
Slide 6: We explore new worlds
We explore new worlds First images from Perseverance Mars rover through Jenoptik HazCam camera lens assemblies. Credits: NASA/JPL-Caltech
Slide 7: Innovation
Innovation Jenoptik enters into a new future growth market with a wafer test solution for photonic integrated circuits (PICs)
Slide 8: Fiscal year 2020 Group
Fiscal year 2020 Group
Slide 9: Key takeaways fiscal year 2020
Fiscal year 2020: Outstanding profitability in a difficult macroeconomic environment Mixed impact of COVID-19 to the portfolio Revenue of 767.2 million euros Adjusted EBITDA margin of 17.6% clearly exceeded forecast and prior year Implemented structural and portfolio measures take Key takeaw
Slide 10: Encouraging development of order intake in Q4
Encouraging development of order intake in Q4 – order backlog is solid basis for 2021 Order intake in million euros Order backlog in million euros 1000 600 6.7% 1.0% 750 792.7* 464.7* 460.1 739.4 400 500 200 250 0 0 2019 2020 Dec 31, 2019 Dec 31, 2020 Order intake in Q4 at 228.5 million euros e
Slide 11: More dynamic revenue development in Q4 compared with prior quarters
More dynamic revenue development in Q4 compared with prior quarters Revenue in million euros 8.3% 1000 Good business with the semiconductor equipment industry and public-sector 837.0* 750 customers continued +2.5% 767.2 Positive revenue contribution of TRIOPTICS and INTEROB: 47.2 million euros
Slide 12: COVID-19 is reflected in revenue by market and by region
COVID-19 is reflected in revenue by market and by region – increase in semiconductor equipment market Revenue by market Revenue by region 2020 (adjusted prior-year figures in brackets) in million euros 2019 *adjusted Consumer & electronics Other manufacturing1) Middle 25.2 East/ 3% Africa 38.3 Medic
Slide 13: Adjusted EBITDA margin clearly exceeded forecast and prior-year figure
Adjusted EBITDA margin clearly exceeded forecast and prior-year figure EBITDA (adjusted*) in million euros EBIT (adjusted*) in million euros 150 5.3% 100 15.6% 138.0 93.4 120 130.7 80 78.8 90 60 60 40 56.8 39.1 34.3 30 45.6 38.1 20 26.5 30.5 31.7 19.7 20.0 23.8 17.3 24.9 12.8 6.2 13.5 0 0 Q1/19
Slide 14: Lower revenue and structural effects affected earnings figures
Lower revenue as well as effects arising from structural and portfolio measures affected earnings figures – EPS remain clearly positive In million euros 2020 2019 Gross margin slightly higher than in prior year due to lower cost of sales, better utilization of Revenue 767.2 855.2 / 837.0* producti
Slide 15: Sound balance sheet ratios and comfortable liquidity position
Sound balance sheet ratios and comfortable liquidity position in spite of COVID-19 and acquisitions Increase in working capital to 268.1 million euros, (in In million euros 2020 2019 particular as a result of acquisitions (31.12.19: 217.8m euros)) Working capital ratio at 34.9% - TRIOPTICS include
Slide 16: Fiscal year 2020 Divisions
Fiscal year 2020 Divisions
Slide 17: Light & Optics division: semiconductor business robust, high margin
Light & Optics division: business with semiconductor equipment industry remains robust and ensures high margin level – positive contribution by TRIOPTICS Business with semiconductor equipment industry remained robust, decline in areas of biophotonics und industrial solutions; strong Q4 Profitabi
Slide 18: Light & Production division: COVID-19 and automotive slowdown impacted business
Light & Production division: COVID-19 and slowdown in capital expenditure in automotive industry impacted business Revenue in Q4 exceeded figures of prior quarters, but over full year marked decline in all areas; contribution of INTEROB 19.4 million euros Structural and portfolio measures are pa
Slide 19: Light & Safety division: increase in revenue, earnings and free cash flow
Light & Safety division: increase in revenue, earnings and free cash flow Stable capital spending by public-sector customers Operating results improved due to revenue growth; substantial earnings contribution in Q4 Project business leads to fluctuations in order intake Significant increase i
Slide 20: VINCORION: stable business with public sector customers
VINCORION: stable business with public sector customers Q4 strongest quarter in terms of revenue; in full year in particular decreases in aviation as well as energy & drive, demand in the power systems area remained good; revenue of 30.6 million euros generated in civil areas (prior year 41.3m eur
Slide 21: Outlook
Outlook
Slide 22: Outlook 2021 – Group: Significant growth
Outlook 2021 – Group Development of key indicators in 2021 Revenue growth in the low double-digit percentage range (incl. TRIOPTICS) EBITDA margin between 16.0 and 17.0 percent (prior year 14.6% / Fiscal year 2021: forecast to be specified in the course of the year) Increase in order intake in
Slide 23: 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-performan
Slide 24: Dates and contact
Dates and contact 25.03.2021 Financial Statements 2020 26.03.2021 Roadshow (virtual) 11.05.2021 Interim Statement January - March 2021 12.05.2021 UBS Pan European Small and Mid-Cap Conference (virtual) 19.05.2021 Berenberg US Conference (virtual) Leslie Iltgen www.jenoptik.com Vice President Investo