Slide 1: JENOPTIK AG – First quarter 2025
JENOPTIK AG – First quarter 2025 Dr. Stefan Traeger I Dr. Prisca Havranek-Kosicek | May 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 quarter 2025 at a glance
First quarter 2025 at a glance
Slide 4: Slow start into 2025 as expected
Slow start into 2025 as expected − General market environment: has become more challenging and uncertain − Revenue and EBITDA: did not reach prior-year levels − Order intake: below the prior year's figure − Focus: on efficiency − Jenoptik: remains strongly positioned in its key markets; focusing on
Slide 5: Streamlined organizational structure implemented to enhance customer focus and efficiency
Streamlined organizational structure implemented to enhance customer focus and efficiency Make Jenoptik more simple − Matrix structure largely removed in 2024 − Full allocation of plants to individual strategic business units Greater customer focus, more efficiency and clearer responsibilities Semic
Slide 6: 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 7: First quarter 2025 Group and Strategic Business Units
First quarter 2025 Group and Strategic Business Units
Slide 8: Different trends in demand in relevant markets in first quarter 2025
Different trends in demand in relevant markets in first quarter 2025 Order intake in MEUR 300 −15.5% 242.0 In million euros Q1/2025 Q1/2024 Change in % 200 204.6 Semiconductor & Advanced Manufacturing 68.6 118.4 −42.1 Biophotonics 44.7 42.9 4.1 100 Metrology & Production Solutions 50.5 50.4 0.2 Smar
Slide 9: Q1/2025 revenue impacted by challenging market environment
Q1/2025 revenue impacted by challenging market environment Revenue in MEUR 300 −4.9% 256.1 243.6 In million euros Q1/2025 Q1/2024 Change in % 200 Semiconductor & Advanced Manufacturing 100.9 118.7 −15.0 Biophotonics 63.8 50.7 25.8 100 Metrology & Production Solutions 40.6 47.9 −15.2 Smart Mobility S
Slide 10: Profitability impacted by lower revenue and product mix effects
Profitability impacted by lower revenue and product mix effects EBITDA in MEUR 50 −18,6% 40 44.5 In million euros Q1/2025 Q1/2024 Change in % 36.2 30 Semiconductor & Advanced Manufacturing 21.4 35.5 −39.7 Biophotonics 15.6 4.6 242.0 20 Metrology & Production Solutions −3.4 1.7 n.a. 10 Smart Mobility
Slide 11: Earnings figures did not reach prior-year level
Earnings figures did not reach prior-year level In million euros Q1/2025 Q1/2024 Change in % Revenue 243.6 256.1 −4.9 − Gross margin influenced in particular by lower contribution of Semiconductor & Advanced Gross margin 30.9% 32.8% Manufacturing Functional costs − Functional cost ratio amounted to
Slide 12: Cash flow and financial position further improved
Cash flow and financial position further improved In million euros Q1/2025 Q1/2024 Change in % Cash flows from operating − Cash flows from operating activities impacted by 54.9 36.9 48.9 activities before income taxes reduction in working capital − Cash flows from operative investing activities Cash
Slide 13: Outlook
Outlook
Slide 14: Slow start as expected; upturn in second half anticipated in semiconductor equipment industry
Slow start as expected; upturn in second half of the year in the semiconductor equipment industry anticipated Targets 2025 − Revenue approx. at the prior-year level (+/−5%) (2024: 1,115.8 million euros) − EBITDA margin between 18.0 to 21.0 percent (2024: 19.9%) − Capital expenditure substantially lo
Slide 15: Appendix
Appendix
Slide 16: 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 17: 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 18: Dates and contact
Dates and contact 13.05.2025 Publication Q1/2025 14.05.2025 UBS Pan European Small and Mid-Cap Conference, London 21.05.2025 Berenberg European Conference, New York 12.06.2025 Annual General Meeting 2025 25.-26.06.2025 Roadshow Geneva and Zurich 13.08.2025 Publication H1/2025 Andreas Theisen Sabine