Slide 1: Consolidated Financial Statements 2018
JENOPTIK AG Consolidated Financial Statements 2018 Dr. Stefan Traeger | Hans-Dieter Schumacher I March 21, 2019 © Copyright Jenoptik. All rights reserved.
Slide 2: Agenda
Agenda 01 Development of the Jenoptik Group 02 Performance of the segments 03 Outlook 04 Appendix 21.3.2019 Financial statements 2018 2
Slide 3: Major events in 2018; strategic priorities implemented
Major events in 2018; strategic priorities implemented Reorganization of the corporate structure, four new divisions established; structures within the divisions and Corporate the Corporate Center simplified structure Launch of the new „VINCORION“ brand for the mechatronics business Realignmen
Slide 4: Tailwind from the markets and acquisitions led to substantial rise in revenue
Tailwind from the markets and acquisitions led to substantial rise in revenue Revenue in million euros 1000 + 11.6% 800 834.6 747.9 600 400 200 241.2 221.1 194.8 208.7 163.7 184.7 178.4 189.9 0 Q1/17 Q2/17 Q3/17 Q4/17 2017 Q1/18 Q2/18 Q3/18 Q4/18 2018 New revenue record; Q4 strongest quarter Org
Slide 5: Acquisitions and settlement of a major order drive growth in Germany and abroad
Acquisitions and settlement of a major order drive growth in Germany and abroad Foreign revenue > 71 percent EUROPE + 11.6% GERMANY + 8.0% 485.2 434.9 222.6 240.5 AMERICAS + 19.7% 207.7 173.6 ASIA / PACIFIC AFRICA / - 9.4% MIDDLE EAST 111.3 100.8 + 45.2% 28.1 40.8 21.3.2019 Financial statements 2018
Slide 6: Automotive and semiconductor equipment with higher revenue share
Automotive and semiconductor equipment with higher revenue share Revenue by markets (prior year figures in brackets) Other Medical Automotive/ technology Mechanical 5% engineering 5% (5%) (6%) Automotive/Mechanical engineering: Semiconductor contribution of acquired companies and equipment 18% 34%
Slide 7: EBITDA and EBIT with new records in spite of PPA effects
EBITDA and EBIT with new records in spite of PPA effects EBITDA in million euros 150 + 19.3% All three segments with higher 120 127.5 EBITDA contribution 90 106.9 EBITDA margin substantially 60 improved to 15.3% (prior year 14.3%) 30 PPA effects 7.0 million euros, 33.8 38.5 17.8 25.0 30.3 27.
Slide 8: Successful business development is also reflected in marked improvement of other earnings figures
Successful business development is also reflected in marked improvement of other earnings figures Revenue 834.6 747.9 Cost of sales showed slightly stronger Gross margin 35.1% 35.3% rise than revenue due to changed product mix, gross margin was a bit Functional costs 190.6 179.2 lower than in prio
Slide 9: Order figures also at record values, strong order intake in the final quarter
Order figures also at record values, strong order intake in the final quarter Order intake in million euros Order backlog in million euros 1000 + 8.8% 600 + 15.0% 873.7 521.5 750 802.9 400 453.5 500 200 250 0 0 2017 2018 31. Dez. 2017 31. Dez. 2018 In Q4/2018 new orders of 285.3 million euros Go
Slide 10: Free cash flow increased markedly in spite of higher capital expenditure
Free cash flow increased markedly in spite of higher capital expenditure In million euros 2018 2017 Working capital grew slightly to Operating profit before 216.8 million euros (31/12/17: 214.8m 127.2 107.5 adjusting working capital euros), in particular due to higher operating receivables Changes
Slide 11: Number of employees grew to 4,043, increase abroad attributable to acquisition
Number of employees grew to 4,043, increase abroad attributable to acquisition GERMANY +184 3,062 (2,878) AMERICAS EUROPE ASIA / PACIFIC +222 -65 568 (346) 193 (258) +206 3,282 (3,076) 21.3.2019 Financial statements 2018 11
Slide 12: Agenda
Agenda 01 Development of the Jenoptik Group 02 Performance of the segments 03 Outlook 04 Appendix 21.3.2019 Financial statements 2018 12
Slide 13: Optics & Life Science segment: high demand was driving growth and profitability
Optics & Life Science segment: high demand was driving growth and profitability Revenue in million euros EBITDA in million euros Order intake in million euros 350 + 11.8% 80 + 19.1% 400 + 18.7% +17,1% 300 69.9 350.8 250 290.0 60 300 259.4 58.7 295.5 200 40 200 150 100 20 100 50 0 0 0 2017 2018 2017
Slide 14: Mobility segment: acquisitions and delivery of toll monitoring systems contributed to strong business development
Mobility segment: acquisitions and delivery of toll monitoring systems contributed to strong business development Revenue in million euros EBITDA in million euros Order intake in million euros 400 + 21.4% 50 + 45.4% 400 + 5.2% 40 300 327.8 40.5 300 319.3 303.7 270.1 30 200 27.9 200 20 100 100 10 0 0
Slide 15: Defense & Civil Systems segment: earnings improved in spite of stable revenue
Defense & Civil Systems segment: earnings improved in spite of stable revenue Revenue in million euros EBITDA in million euros Order intake in million euros 300 0.3% 30 + 2.2% 300 1.3% 250 25 250 23.8 24.4 200 219.3 218.6 20 200 206.2 203.5 150 15 150 100 10 100 50 5 50 0 0 0 2017 2018 2017 2018
Slide 16: Key financials 2018 of the new divisions
Key financials 2018 of the new divisions Light & in million euros Light & Optics Production* Light & Safety VINCORION Group* Revenue 339.6 210.9 116.9 166.4 834.6 EBITDA 74.1 24.6 15.9 20.1 127.5 EBITDA margin 21.8% 11.7% 13.6% 12.1% 15.3% EBIT 65.9 16.8 10.9 16.5 94.9 EBIT margin 19.4% 8.0% 9.3% 9.
Slide 17: Agenda
Agenda 01 Development of the Jenoptik Group 02 Performance of the segments 03 Outlook 04 Appendix 21.3.2019 Financial statements 2018 17
Slide 18: Further growth expected for 2019
Further growth expected for 2019 We anticipate revenue growth in the mid single-digit percentage range (before major portfolio changes). More focus More innovation EBITDA margin is expected More international to come in at between 15.5 and 16.0 percent. This presupposes that political and economic c
Slide 19: Agenda
Agenda 01 Development of the Jenoptik Group 02 Performance of the segments 03 Outlook 04 Appendix 21.3.2019 Financial statements 2018 19
Slide 20: Dates and contact
Dates and contact March 21, 2019 Results of fiscal year 2018, conference call March 22, 2019 Analysts‘ conference and roadshow Frankfurt April 5, 2019 Bankhaus Lampe Conference, Baden-Baden April 10, 2019 Warburg Conference, Warsaw April 11, 2019 Roadshow Helsinki May 9, 2019 Results of the first qu
Slide 21: 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