Slide 1: JENOPTIK AG – First half-year 2025
JENOPTIK AG – First half-year 2025 Dr. Stefan Traeger I Dr. Prisca Havranek-Kosicek | August 13, 2025 © 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: First half-year 2025 at a glance
First half-year 2025 at a glance
Slide 4: Positive trend in demand in Q2, but economic environment remains challenging
Positive trend in demand in Q2, but economic environment remains challenging − Order intake, revenue and EBITDA: below the prior year's figure, but positive quarter-over-quarter momentum Semiconductor & Advanced Manufacturing − General market environment: uncertainty remains high; management is clos
Slide 5: First half-year 2025 Group and Strategic Business Units
First half-year 2025 Group and Strategic Business Units
Slide 6: First half-year 2025: considerably higher demand in Q2 compared with prior quarter
First half-year 2025: considerably higher demand in Q2 compared with prior quarter Order intake in MEUR 600 −9.9% In million euros H1/2025 H1/2024 Change in % 524.4 Semiconductor & Advanced Manufacturing 189.0 259.4 −27.1 282.4 472.7 Biophotonics 113.1 89.8 25.9 268.1 400 Metrology & Production Solu
Slide 7: Revenue in first half-year impacted by challenging environment
Revenue in first half-year impacted by challenging environment Revenue in MEUR In million euros H1/2025 H1/2024 Change in % 600 − 7.8% 540.8 Semiconductor & Advanced Manufacturing 209.1 246.3 −15.1 284,7 498.4 Biophotonics 119.2 107.3 11.1 254,8 Metrology & Production Solutions 92.0 103.7 −11.3 400
Slide 8: EBITDA impacted by lower revenue and product mix effects; EBITDA margin at 15.8%
EBITDA impacted by lower revenue and product mix effects; EBITDA margin at 15.8% vs. 18.8% in H1 2024 EBITDA in MEUR 120 EBITDA in million euros EBITDA margin in % − 22.3% 101.4 H1/2025 H1/2024 H1/2025 H1/2024 100 56.9 Semiconductor & Advanced Manufacturing 47.9 72.3 22.2 29.1 78.8 80 Biophotonics 2
Slide 9: Strict cost and human resources management; earnings did not reach prior-year level
Strict cost and human resources management; earnings, however, did not reach prior-year level In million euros H1/2025 H1/2024 Change in % − Gross margin influenced in particular by lower Revenue 498.4 540.8 −7.8 contribution of Semiconductor & Advanced Manufacturing Gross margin 31.2% 33.7% − Funct
Slide 10: Balance sheet ratios and liquidity situation remain solid
Balance sheet ratios and liquidity situation remain solid In million euros H1/2025 H1/2024 Change in % − Cash flows from operating activities impacted by Cash flows from operating lower earnings and reduction (prior year increase) in 81.3 76.3 6.5 activities before income taxes working capital Cash
Slide 11: Outlook
Outlook
Slide 12: Revenue and EBITDA guidance specified
Revenue and EBITDA guidance specified Targets 2025 − Revenue expected in lower half of the previous forecast range (+/−5%) compared to the prior year (2024: 1,115.8 million euros) − EBITDA margin anticipated to be in lower half of previous forecast range of 18.0 to 21.0 percent (2024: 19.9%) − Capit
Slide 13: Appendix
Appendix
Slide 14: Streamlined organizational structure implemented to enhance customer focus and efficiency
Streamlined organizational structure implemented to enhance customer focus and efficiency Jenoptik has become more simple − Matrix structure largely removed in 2024 Stronger customer focus, more − Full allocation of plants to individual efficiency clearer responsibilities Strategic Business Units Se
Slide 15: Reconciliation of group reporting
Reconciliation of group reporting Structure since Semiconductor Metrology & Global Group 1.1.2025 Smart Mobility Functions / & Advanced Biophotonics Production Solutions Prodomax Manufacturing Solutions HOMMEL Prodomax Structure until ETAMIC 31.12.2024 Smart Mobility Advanced Photonic Solutions Non-
Slide 16: New organizational and reporting structure
New organizational and reporting structure Semiconductor & Metrology & Smart Mobility Advanced Biophotonics Production Solutions Manufacturing Solutions − Optical and micro-optical − Optical components for − Systems and service for − Camera systems and components for the life science & medical inspe
Slide 17: New state-of-the-art fab in Dresden opened on time
New state-of-the-art fab in Dresden opened on time − Largest single investment in recent history (just under 100m euros) − Officially inaugurated in Dresden on May 6 − Expanding production & research and development capacities for innovative micro-optics − Extremely demanding manufacturing environme
Slide 18: Dates and contact
Dates and contact 13.08.2025 Publication H1/2025 27.08.2025 Jefferies Semiconductor IT Hardware Comm. Technology Conference, Chicago 28.08.2025 Roadshow New York 03.09.2025 dbAccess European TMT Conference, London 04.09.2025 Commerzbank ODDO BHF Corporate Conference, Frankfurt/Main 22.09.2025 Baader