Jenoptik Ag · XETR:JEN
Jenoptik — Q1 2010 Earnings Presentation
18 slides from Jenoptik's earnings presentation, May 11, 2010
Slide 1: Conference call: Results of 1st quarter 2010 and outlook
JENOPTIK AG Conference call Results of 1st quarter 2010 and outlook May 11, 2010
Slide 2: Group result 1st quarter 2010 / Segment reporting / Outlook
Group result 1st quarter 2010 Segment reporting Outlook 1st quarter 2010 2010-05-11 2 Jenopti k - a global optoel ectroni cs player
Slide 3: Recovery in the operating business through improved economic framework conditions in 2010
Recovery in the operating business through improved economic framework conditions in 2010 Sales at 115.2 million euros slightly below the level for the same period last year Group EBIT rose markedly to 4.0 million euros, in particular due to growing business with the semiconductor industry and cost
Slide 4: Income statement 1st quarter 2010: Earnings improved due to pick-up in business
Income statement 1st quarter 2010: Earnings improved due to pick-up in business In million euros Q1/10 Q1/09 Sales 115.2 117.7 Sales slightly below the level of the past year In Q1 2009 the Industrial Metrology division profited from high order backlog from the period prior to the Gross margin 28.7%
Slide 5: Income statement 1st quarter 2010: Financial result at previous year's level
Income statement 1st quarter 2010: Financial result at previous year‘s level In million euros 3M Q1/10 10 Q1/09 EBIT 4.0 0.4 Investment result -0.5 -0.7 Investment result affected by development project for fiber lasers Interest result -2.8 -2.6 Higher interest expenses as a result of longer-term fi
Slide 6: Income statement 1st quarter 2010: Positive earnings before and after tax
Income statement 1st quarter 2010: Positive earnings before and after tax In million euros Q1/10 Q1/09 Earnings before tax 0.7 -2.9 Income taxes 0.3 0.3 Tax optimization for US companies through formation of a US holding Deferred taxes 0 -0.5 Earnings after tax 0.4 -2.7 Net profit 0.5 -3.4 Earnings
Slide 7: Improved order intake as a result of several major orders and rising demand
Improved order intake as a result of several major orders and rising demand from the semiconductor industry In million euros Q1/10 Q1/09 Change Order intake 145.6 109.9 32.5% Improved order intake Several major orders in traffic safety and medical technology Rising demand from semiconductor industry
Slide 8: Statement of cash flows: Positive cash flow from operating activities
Statement of cash flows: Positive cash flow from operating activities In million euros Q1/10 Q1/09 Operating profit before working 10.5 7.6 Working capital increased slightly capital changes through recovery of the operating business Changes in working capital -8.7 -5.0 and other items incl. Reducti
Slide 9: Net debt significantly reduced to 145.7 million euros
Net debt significantly reduced to 145.7 million euros; Shareholders‘ equity ratio rose to 42.4 percent In million euros 31.03.2010 31.12.2009 Cash and cash equivalents 20.7 11.2 Increase in cash and cash equivalents as a result of capital Securities 1.2 1.1 increase Proceeds of 22 million euros Long
Slide 10: Group result 1st quarter 2010 / Segment reporting / Outlook
Group result 1st quarter 2010 Segment reporting Outlook 1st quarter 2010 2010-05-11 10 Jenopti k - a global optoel ectroni cs player
Slide 11: Business development in the segments varied
Business development in the segments varied Corporate Center Sales Q1 10: € 115.2m Sales Q1 09: € 117.7m Lasers & Defense & Optical Systems Metrology Civil Systems Sales Q1 10: € 45.2m Sales Q1 10: € 20.0m Sales Q1 10: € 49.9m Sales Q1 09: € 36.9m Sales Q1 09: € 24.3m Sales Q1 09: € 54.4m Lasers & O
Slide 12: Lasers & Optical Systems: EBIT clearly positive due to sales increase and cost reduction
Lasers & Optical Systems: EBIT clearly positive due to sales increase and cost reduction measures Lasers & Material Processing: Areas of medical lasers and laser processing systems with significant increase in sales and earnings Increase in order intake in the double-digit percentage range Laser app
Slide 13: Metrology: Effects of the automotive crisis are visible, large order intake in traffic safety
Metrology: Effects of the automotive crisis are visible, large order intake in traffic safety Industrial Metrology: Business stabilized at low level; cost reduction measures are reflected in the result Slight reduction in sales, Q1 2009 profited from good order backlog prior to the crisis Traffic So
Slide 14: Defense & Civil Systems: Stable sales development, earnings below previous year's level
Defense & Civil Systems: Stable sales development, earning below previous year‘s level Defense & Civil Systems: Stable business development Earnings in Q1 2010 lower, previous year‘s quarter marked by major order for security technology Sales EBIT Order intake Order backlog in million euros in milli
Slide 15: Appendix - Key Figures: first 9 months 2008
Group result 1st quarter 2010 Segment reporting Outlook 1st quarter 2010 2010-05-11 15 Appendi x - Key Figures: first 9 months 2008
Slide 16: Jenoptik – future development in the segments
Jenoptik – future development in the segments Lasers & Material Processing: Internationalization with focus on Asia continues Lasers & Positive development in the medical technology and photovoltaics business Optical Systems Optical Systems: Significant pick-up in business through recovery in the se
Slide 17: 2010: Improvement in sales and earnings expected
2010: Improvement in sales and earnings expected Sales and earnings Sales between 475 and 500 million euros Significant rise in earnings through sales increase and reduction of fixed costs Drivers: semiconductor industry, photovoltaics, medical technology, traffic and security EBIT between 15 and 25
Slide 18: 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