Slide 1: Conference Call: Results of the first quarter 2017 and outlook
JENOPTIK AG Conference Call Results of the first quarter 2017 and outlook Dr. Stefan Traeger, President & CEO I May 11, 2017 © Copyright Jenoptik. All rights reserved. Hans-Dieter Schumacher, CFO
Slide 2: Jenoptik – First quarter 2017
1 Jenoptik – First quarter 2017 2 Development of the segments 3 Outlook 4 Appendix 11/5/2017 First quarter 2017 2
Slide 3: Successful start to fiscal year 2017 with rise in revenue and improved operating result
Successful start to fiscal year 2017 with rise in revenue and improved operating result External framework Major events in the conditions Jenoptik Group Economic framework conditions slightly Dr. Stefan Traeger has been the new improved, among other things President & CEO since May 1, 2017 Inc
Slide 4: New Technology Campus in Rochester Hills, Michigan, USA
New Technology Campus in Rochester Hills, Michigan, USA Start of business operations planned for mid May Investment of 14 million euros for expanding business in North America State-of-the-art technology campus for engineering, production, sales and service for metrology systems and laser mach
Slide 5: Revenue rose as expected
Revenue rose as expected Revenue in million euros 800 +3.5% 700 684.8 600 500 400 300 165.7 192.2 200 158.2 168.7 163.7 100 0 Q1/16 Q2/16 Q3/16 Q4/16 2016 Q1/17 Growth in the Optics & Life Science as well as Mobility segments (27%) Stronger demand, among others, for optical systems from the area
Slide 6: Rise in revenue was achieved exclusively abroad
Rise in revenue was achieved exclusively abroad Revenue by region (in million euros) 200 158.2 163.7 (5%) 6.3 6.7 69% of revenue generated abroad 150 21.7 23.6 (14%) (prior year 65%) Africa/ (36%) Americas: marked rise in revenue, 25.1 34.9 Middle East +6.9% due to the positive development of al
Slide 7: Successful development of the operating result as scheduled
Successful development of the operating result as scheduled EBITDA* in million euros 150 +6.5% EBITDA rose at a faster rate than revenue 120 94.7 EBITDA margin at 10.8% (prior year 10.5%) 90 60 24.3 24.5 29.3 30 16.6 17.7 0 Q1/16 Q2/16 Q3/16 Q4/16 2016 Q1/17 EBIT* in million euros 100 80 +13.0%
Slide 8: More profitable revenue mix led to a higher gross margin and improved result
More profitable revenue mix led to a higher gross margin and contributed substantially to the improved result Revenue 163.7 158.2 Cost of sales rose at a slower rate than revenue, gross margin improved Gross margin 35.1% 33.1% Administrative costs increased due to Functional costs 45.7 42.0 the
Slide 9: Very good order position and well-filled project pipeline
Very good order position and well-filled project pipeline create good prerequisites for further growth Order intake in million euros Order backlog in million euros Frame contracts in million euros 300 500 +13.8% 300 250 400 461.0 250 +39.7% 405.2 200 221.3 300 200 2.7% 150 150 158.4 160.9 156.5 20
Slide 10: Free cash flow remained at solid level in spite of higher capital expenditure
Free cash flow remained at solid level in spite of higher capital expenditure In million euros Q1/2017 Q1/2016 Operating profit before 17.8 16.4 Cash flow from operating activities adjusting working capital improved Working capital came to 218.9 Changes in working capital million euros (31.12.16
Slide 11: Jenoptik is free of net debt
Jenoptik is free of net debt Net debt in million euros 300 Jenoptik Group is free of net debt ~260 Financing of capital 250 expenditure and growth ~60 200 Cash and current financial investments rose to 148.7 million 150 euros (31.12.16: 142.5m euros) 106 86 104 Equity ratio at 57.7% slightly
Slide 12: Development of the segments
1 Jenoptik – First quarter 2017 2 Development of the segments 3 Outlook 4 Appendix 11/5/2017 First quarter 2017 12
Slide 13: Optics & Life Science segment: marked margin improvement, substantial rise in order intake
Optics & Life Science segment: marked margin improvement, substantial rise in order intake Revenue (in million euros) EBIT (in million euros) Order intake (in million euros) 100 15 100 80 12 80 +30.5% +13.0% +87.1% 77.1 60 9 9.7 60 59.0 59.1 52.2 40 6 40 5.2 20 3 20 0 0 0 Q1/2016 Q1/2017 Q1/2016 Q1/
Slide 14: Mobility segment: rise in revenue, solid order position
Mobility segment: rise in revenue, solid order position will support stronger momentum in the coming quarters Revenue (in million euros) EBIT (in million euros) Order intake (in million euros) 100 5 100 80 4 80 +15.0% +5.1% 74.5 60 3 60 64.8 52.1 54.8 40 2 2.3 59.7% 40 20 1 20 0.9 0 0 0 Q1/2016 Q1/
Slide 15: Defense & Civil Systems segment: sustainable success in business development
Defense & Civil Systems segment: sustainable success in business development Revenue (in million euros) EBIT (in million euros) Order intake (in million euros) 100 5 100 80 4 80 0% 7.7% +85.7% 60 3 60 69.8 3.2 3.2 54.4 40 50.2 2 40 37.6 20 1 20 0 0 0 Q1/2016 Q1/2017 Q1/2016 Q1/2017 Q1/2016 Q1/2017
Slide 16: Outlook
1 Jenoptik – First quarter 2017 2 The development of the segments 3 Outlook 4 Appendix 11/5/2017 First quarter 2017 16
Slide 17: Forecast for 2017 confirmed
Forecast for 2017 confirmed Externally 2016 2017e Challenging environment around the globe Investment behavior Revenue 684.8 million euros Between 720 and hard to predict 740 million euros Internally Full order books and project pipeline EBIT margin 9.7%* Between 9.5 and Integrated approach
Slide 18: Our target: to continue profitable growth with a corporate structure closer aligned with markets
Our target: to continue profitable growth with a corporate structure that is closer aligned with markets Our targets for 2018* Our tasks Revenue of around 800 million euros by 2018 (including smaller acquisitions), of which more than 40 percent in Asia and the Americas … until 2018 EBIT margin o
Slide 19: Appendix
1 Jenoptik – First quarter 2017 2 The development of the segments 3 Outlook 4 Appendix 11/5/2017 First quarter 2017 19
Slide 20: Dates and contact
Dates and contact May 11, 2017 Results of the first quarter 2017 May 16, 2017 Roadshow Brussels June 7, 2017 Annual General Meeting, Weimar June 13/14, 2017 Roadshow New York / Chicago June 22, 2017 Deutsche Bank Conference, Berlin Jun26/27, 2017 Roadshow Zurich / Geneva Contact: Thomas Fritsche Hea
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