Jenoptik Ag · XETR:JEN
Jenoptik — 9M 2022 Earnings Presentation
18 slides from Jenoptik's earnings presentation, Nov 10, 2022
Slide 1: JENOPTIK AG – First nine months 2022
JENOPTIK AG – First nine months 2022 Dr. Stefan Traeger I Hans-Dieter Schumacher | November 10, 2022 © 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 Nine months 2022
Highlights Nine months 2022
Slide 4: Highlights in the first nine months of 2022
Highlights in the first nine months of 2022 − Groundbreaking ceremony for new high-tech fab in Dresden, investment of more than 70 million euros − Sale of VINCORION (mechatronics business / defense) successfully closed on June 30, 2022, major milestone achieved in transformation into a globally lead
Slide 5: Nine months 2022 Continuing operations
Nine months 2022 Continuing operations
Slide 6: Strong development of order intake and backlog continued in third quarter 2022
Strong development of order intake and backlog continued in third quarter 2022 – setting very good stage for further growth Order intake in million euros Order backlog in million euros 1000 32.1% 800 38.0% 749.8 884.5 750 600 669.6 543.5 500 400 250 200 0 0 9M/2021 9M/2022 Dec 31, 2021 Sep 30, 2022
Slide 7: Strong organic growth and contributions from acquired companies resulted in significant revenue growth
Strong organic growth and contributions from the acquired companies resulted in significant revenue growth Revenue in million euros 800 34.4% 698.0 600 − Continuing operations showed strong organic growth of 11.9% 519.5 − Advanced Photonic Solutions division grew significantly 400 due to strong orga
Slide 8: Earnings increased substantially on comparable prior-year level
Earnings increased substantially on comparable prior-year level (without one-off effect) EBITDA in million euros EBIT in million euros 150 100 −7.9% 7.4% 80 120 109.7 74.3 117.8 25.6 25.6 90 60 68.4 84.1 40.1% 38.4 48.7 40.5% 60 40 31.6 50.1 43.0 16.1 16.1 48.6 7.2 32.2 31.5 7.2 48.2 30 20 24.4 16.5
Slide 9: Statement of income
Statement of income In million euros 9M/2022 9M/2021 − Gross margin improved in spite of higher material and personnel costs Revenue 698.0 519.5 − Functional costs increased less than revenue in spite of inclusion of companies acquired in 2021 Gross margin 34.1% 33.3% ▪ R+D expenses: 38.5 million eu
Slide 10: Jenoptik is 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 Group In million euros 9M/2022 9M/2021 − Cash flows from operating activities increased due to significantly higher earnings before non-cash effects and lower Earnings before tax* 60.9 74.9 effects fr
Slide 11: Nine months 2022 Divisions
Nine months 2022 Divisions
Slide 12: Advanced Photonic Solutions: very positive operational development continued in 3rd quarter
Advanced Photonic Solutions: very positive operational development continued in 3rd quarter − Strong organic revenue growth of 18.0%; revenue with semiconductor equipment industry and in biophotonics and optical test & measurement areas grew substantially; former Jenoptik Medical and the SwissOptic
Slide 13: Smart Mobility Solutions: substantial rise in order intake and order backlog
Smart Mobility Solutions: substantial rise in order intake and order backlog − Increase in revenue in the first nine months of 2022 and quarter-over-quarter – 21.2m euros in Q1, 23.5m euros in Q2 and increase to 31.2m euros in Q3 − EBITDA slightly lower than in prior year, in part due to higher R+D
Slide 14: Non-Photonic Portfolio Companies: order backlog markedly higher than at year end 2021
Non-Photonic Portfolio Companies: order backlog markedly higher than at year end 2021 − Revenue below prior-year level (in prior year revenue contribution from non-optical process metrology business included); increase in the automation area − Earnings and margin lower than in prior year, in part du
Slide 15: Outlook
Outlook
Slide 16: Fiscal year 2022: Further profitable growth expected
Outlook for 2022 specified Our scheduled growth presupposes that the geopolitical risks do not worsen further. This includes, among other things, the Ukraine conflict – with the sanctions that have been implemented and potential impacts on price developments, energy supply and supply chains. Uncerta
Slide 17: Appendix
Appendix
Slide 18: Dates and contact
Dates and contact 10.11.2022 Quarterly Statement January – September 2022 15.11.2022 BNP Paribas Exane 5th MidCap CEO Conference, Paris 06.12.2022 Berenberg European Conference 2022, Penny Hill 05.-06.01.2023 ODDO BHF Forum, Lyon 15.02.2023 Preliminary figures of fiscal year 2022 Andreas Theisen Sab