Slide 1: Conference Call: Preliminary results of fiscal year 2017
JENOPTIK AG Conference Call Preliminary results of fiscal year 2017 as well as outlook 2018 and 2022 Dr. Stefan Traeger, CEO I February 6, 2018 © Copyright Jenoptik. All rights reserved. Hans-Dieter Schumacher, CFO
Slide 2: Preliminary results of fiscal year 2017
Preliminary results of fiscal year 2017 1 Development of the Jenoptik Group 2 Development of the segments 3 Outlook and strategy 4 Appendix 6.2.2018 Preliminary results 2017 © 2018 JENOPTIK AG, All rights reserved. 2
Slide 3: Highlights in 2017
Highlights in 2017 Acquisition of ESSA Technology, UK Grand opening of our new technology campus in Detroit, Michigan Acquisition of Five Lakes Automation, US Strong growth and margin expansion in 2017 Revenue of approx. 748 million euros up +9.2% vs. prior year EBIT of approx. 78 millio
Slide 4: 2017 - revenue showed stronger than expected growth
2017 - revenue showed stronger than expected growth Revenue in million euros 800 +9.2% ~748 684.8 700 600 500 400 300 192.2 ~221 168.7 163.7 184.7 178.4 200 158.2 165.7 100 0 Q1/16 Q2/16 Q3/16 Q4/16 2016 Q1/17 Q2/17 Q3/17 Q4/17 2017 Growth in particular in the Optics & Life Science as well as Mobi
Slide 5: 2017 - significant improvement of operating results
2017 - significant improvement of operating results EBITDA* in million euros 150 +12.8% 120 ~107 Stronger increase than revenue 94.7 90 Continuous improvement in the course of the year 60 ~34 EBITDA margin* >14% (prior year 13.8%) 24.3 24.5 29.3 25.0 30.3 30 16.6 17.7 0 Q1/16 Q2/16 Q3/16 Q4/16
Slide 6: 2017 – solid order position and project pipeline create good basis for further growth
2017 – solid order position and project pipeline create good basis for further growth Order intake in million euros Order backlog in million euros Frame contracts in million euros 1000 600 250 approx. +9% 500 approx. +12% 800 200 ~803 733.8 400 ~453 600 405.2 150 approx. 45% 160.9 300 400 100 200
Slide 7: Net debt substantially reduced, Jenoptik remained net debt free
Over the past years, net debt was substantially reduced, Jenoptik has remained net debt free Net debt in million euros 300 ~260 Jenoptik Group remained free of 250 net debt in spite of ~60 200 higher investments, payment of an increased 150 106 dividend of 14.3 million euros 104 100 203 86 (pr
Slide 8: Development of the segments
Preliminary results 2017 1 Development of the Jenoptik Group 2 Development of the segments 3 Outlook and strategy 4 Appendix 6.2.2018 Preliminary results 2017 © 2018 JENOPTIK AG, All rights reserved. 8
Slide 9: Optics & Life Science segment: new record in revenue and earnings
Optics & Life Science segment: new record in revenue and earnings Revenue (in million euros) EBIT (in million euros) 300 60 approx. +17% 250 50 >50% >259 >50 200 221.5 40 150 30 33.4 100 20 50 10 0 0 2016 2017 2016 2017 Sustained high demand for EBIT margin rose to approx. solutions in semicondu
Slide 10: Mobility segment: one-off expenses affect result
Mobility segment: one-off expenses affect result; positive development in the second half-year Revenue (in million euros) EBIT (in Mio Euro) 300 approx. +9% 30 250 ~270 25 approx. 24% 247.7 24,4 200 20 ~19 150 15 100 10 50 5 0 0 2016 2017 2016 2017 Increase in both areas: EBIT declined, among o
Slide 11: Defense & Civil Systems segment: development as expected
Defense & Civil Systems segment: development as expected, course of business affected by major projects Revenue (in million euros) EBIT (in million euros) 250 25 200 218.3 >219 20 19.1 ~19 150 15 100 10 50 5 0 0 2016 2017 2016 2017 Revenue remained at high level EBIT margin at approx. 8.7% of th
Slide 12: The development of the segments
Preliminary results 2017 1 Development of the Jenoptik Group 2 The development of the segments 3 Outlook and strategy 4 Appendix 6.2.2018 Preliminary results 2017 © 2018 JENOPTIK AG, All rights reserved. 12
Slide 13: Transforming Jenoptik into a Focused Technology Group
Transforming Jenoptik into a Focused Technology Group Focused Technology Group 2017 Diversified Industrial Conglomerate 2007 Steering Jenoptik through difficult times: Strategy 2022: Managing the 2008 financial crisis MORE FOCUS Building a global infrastructure MORE INNOVATION Net debt red
Slide 14: Photonics – The Mastery of Light
Transforming Jenoptik into a Focused Technology Group Photonics – The Mastery of LIGHT an enabling technology, influencing almost all areas of our society is a global marketplace of ~ 600 bn euros, growing 2x global GDP on average is at the Heart of Jenoptik We will intensify our focus on phot
Slide 15: Stepping-up our R+D work
Transforming Jenoptik into a Focused Technology Group Stepping-up our R+D work Enhancing our application know-how and expertise by establishing application centers in all major geographies Higher level of R+D: By 2022 we will spend ~10% of revenue on innovation and product development We will nu
Slide 16: Building a truly global enterprise
Transforming Jenoptik into a Focused Technology Group Building a truly global enterprise Expanding our business in Asia, with particular focus on China Local R&D teams in all major markets and production facilities in all regions At least one of our divisions will have its headquarters outside
Slide 17: Strategy 2022: three pillars for growth and margin expansion
Transforming Jenoptik into a Focused Technology Group Strategy 2022: three pillars for growth and margin expansion Leveraging our core Stepping-up our R+D work Building a truly global competencies enterprise in Optics & Photonics 6.2.2018 Preliminary results 2017 © 2018 JENOPTIK AG, All rights reser
Slide 18: Our priorities for 2018
Our priorities for 2018 Establishing a new business structure Reorganize our business in Asia Launch a new brand for our mechatronic business 6.2.2018 Preliminary results 2017 © 2018 JENOPTIK AG, All rights reserved. 18
Slide 19: Our 2018 guidance
Our 2018 guidance Enter in a new period of accelerated growth Group financial guidance for 2018* We expect revenue to be in a range between 790 and 810 million euros. We expect an EBIT margin between 10.5 and 11.0 percent. 2018 2018 *This presupposes that political and economic conditions do not
Slide 20: Our mid-term guidance
Our mid-term guidance Group 5-year targets: accelerated growth and margin expansion Revenue growth We expect mid- to high-single digit revenue growth (CAGR) for the Group in the 5-year horizon. Margin increase By 2022, we expect to achieve an EBITDA margin for the Group of around 16 percent. 6.2.201
Slide 21: Appendix
Preliminary results 2017 1 Development of the Jenoptik Group 2 The development of the segments 3 Outlook and strategy 4 Appendix 6.2.2018 Preliminary results 2017 © 2018 JENOPTIK AG, All rights reserved. 21
Slide 22: Dates and contact
Dates and contact February 6, 2018 Preliminary results 2018, conference call February 8, 2018 Capital Market Day, Jena February 13, 2018 Roadshow Zurich February 26/27, 2018 Roadshow London February 28, 2018 Roadshow New York March 22, 2018 Financial results 2018, conference call March 23, 2018 Anal
Slide 23: 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