Jenoptik Ag · XETR:JEN

Jenoptik — H1 2009 Earnings Presentation

21 slides from Jenoptik's earnings presentation, Aug 13, 2009

  1. Slide 1: Conference Call: Results of 1st half 2009 and outlook

    JENOPTIK AG Conference Call Results of 1st half 2009 and outlook August 13, 2009

  2. Slide 2: Group results 1st half of 2009, Segment reporting, Outlook

    „ Group results 1st half of 2009 „ Segment reporting „ Outlook Results H1 2009.ppt 2009-08-13 2 Jenoptik - a global optoelectronics player

  3. Slide 3: General economic conditions remain difficult

    Jenoptik – general economic condictions remain difficult „ Sales at 231.3 million euros about 13 percent below the previous year „ Group EBIT before one-off effects at 3.3 million euros „ Withdrawal from the loss-making business with mid-format cameras burdens result with 7.9 million euros „ Cash fl

  4. Slide 4: Statement of income 1st half of 2009: Sales and earnings decline

    Statement of income 1st half of 2009: Sales and earnings decline due to economic crisis In million euros H1 09 H1 08 Change Sales 231.3 264.5 -12.6% „ As expected below the level in the previous year due to economic crisis Gross margin 26.9% 28.9% „ Decline in earnings clearly stronger than sales EB

  5. Slide 5: Statement of income 1st half of 2009: Financial result further improved

    Statement of income 1st half of 2009: Financial result further improved In million euros H1 09 H1 08 EBIT -4.6 16.1 Investment result -1.6 -1.7 „ Investment result improved Interest result -5.1 -6.2 „ Interest result further improved „ Lower interest level of short-term liabilities Financial result

  6. Slide 6: Statement of income 1st half of 2009: Earnings before and after tax lower

    Statement of income 1st half of 2009: Earnings before and after tax lower than last year In million euros H1 09 H1 08 Earnings before tax -11.3 8.3 Income taxes 0.1 1.0 „ Less income taxes due to lower operating result Deferred taxes -0.3 0.9 Earnings after tax -11.1 6.3 Net profit -12.6 4.8 Earning

  7. Slide 7: Key figures: Crisis in semiconductor and automotive industry impacts order intake

    Key figures: Crisis in semiconductor and automotive industry impacts on order intake In million euros H1 09 H1 08 Change Order intake 218.1 267.6 -18.5% „ Order intake below level in the previous year due to economic crisis, but at the same level as in Q4/2008 and Q1/2009 „ Book-to-Bill 0.94 In mill

  8. Slide 8: Statement of cash flows: Positive operating cash flow

    Statement of cash flows: Positive operating cash flow in spite of economic crisis In million euros H1 09 H1 08 Operating profit before working 15.4 31.3 capital changes Changes in working capital -2.5 -14.1 „ Working capital lower due to less and other items trade accounts receivable Cash flow from

  9. Slide 9: Net debt at 188.4 million euros and equity ratio at 42.2%

    Net debt at 188.4 million euros and shareholders‘ equity ratio at 42.2 % almost unchanged In million euros June 30, Dec. 31, 2009 2008 Cash and cash equivalents 13.8 12.5 Securities 1.5 2.0 Convertible bond 47.9 48.3 „ Including separate loans 106.0 88.2 secured by real estate Long-term bank loans „

  10. Slide 10: Group result of 1st half-year 2009, Segment reporting, Outlook

    „ Group result of 1st half-year 2009 „ Segment reporting „ Outlook Results H1 2009.ppt 2009-08-13 10 Jenoptik - a global optoelectronics player

  11. Slide 11: Differing business development in the segments

    Differing business development in the segments Corporate Center Lasers & Metrology Defense & Optical Systems Civil Systems Sales H1 09: EUR 74.1m Sales H1 09: EUR 48.0m Sales H1 09: EUR 105.2m Sales H1 08: EUR 107.6m Sales H1 08: EUR 53.9m Sales H1 08: EUR 100.7m Lasers & Optical Industrial Traffic

  12. Slide 12: Lasers & Optical Systems: Semiconductor crisis weakens results

    Lasers & Optical Systems: Semiconductor crisis weakens results Lasers & Material Processing: „ Industry and automotive business impacted; medical technology and photovoltaics business stable „ New customers in the Asian growth market of photovoltaics „ Expansion of global presence with joint venture

  13. Slide 13: Lasers & Optical Systems: Signs of bottoming out

    Lasers & Optical Systems: Signs of bottoming out EBIT in million euros 10 7.2 5 4.9 „ Strong earnings decline as a result of semiconductor crisis 2.9 „ First signs of a bottoming out in the 2nd quarter 2009 0 -0.1 -1.3 -0.5 -5 Q1/08 Q2/08 Q3/08 Q4/08 Q1/09 Q2/09 Results H1 2009.ppt 2009-08-13 13

  14. Slide 14: Metrology: Improvement in Traffic Solutions

    Metrology: Improvement in Traffic Solutions, but cannot completely compensate for the automotive crises Industrial Metrology: „ Continuing crisis in the automotive industry „ Strong sales decrease in particular in Q2 impacts on result Traffic Solutions: „ Positive sales and earnings development „ Es

  15. Slide 15: Defense & Civil Systems: Successful development in stable market environment

    Defense & Civil Systems : Successful development in stable market environment Defense & Civil Systems: „ Successful development in all business units in 1st half of 2009 „ EBIT increase based on economies of scale in the Sensor Systems area, but delivery of major security technology order completed

  16. Slide 16: Results on segment level: Broad basis of business reduces risk

    Results on segment level: Broad basis of business reduces risk of depending on individual industries Lasers & Defense & Metrology Other* Group Optical Systems Civil Systems Sales 74.1 Sales 48.0 Sales 105.2 Sales 4.0 Sales 231.3 EBITDA*** 1.9 EBITDA -1.2 EBITDA 11.4 EBITDA 2.9 EBITDA*** 15.0 EBIT**

  17. Slide 17: Group result in 1st half of 2009, Segment reporting, Outlook

    „ Group result in 1st half of 2009 „ Segment reporting „ Outlook Results H1 2009.ppt 2009-08-13 17 Appendix - Key Figures: first 9 months 2008

  18. Slide 18: Current measures

    Current measures Cost savings of more than 10 million euros in 2009 will contribute to reduce fixed costs and partially compensate for sales and margin decline. Measures „ Short-time working for 687 employees as at June 30, 2009 and use of fluctuations to reduce staff numbers „ Reduction of capex „

  19. Slide 19: Jenoptik – Future development in the segments

    Jenoptik – Future development in the segments Lasers & Material Processing: „ Slight decrease in business volume Lasers & „ Positive development in medical technology business Optical Systems Optical Systems: „ Slight easing of the semiconductor crisis expected starting from 2nd half of the year; th

  20. Slide 20: Jenoptik – Future development of business

    Jenoptik – Future development of business „ Sales and earnings below level of 2008 as a result of tough sales conditions „ Forecast sales range of 460 to 500 million euros „ Positive Group EBIT before one-off effects due to stable contribution of the Defense & Civil Systems segment as well as presen

  21. Slide 21: Disclaimer

    Disclaimer This announcement 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

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