Jenoptik Ag · XETR:JEN

Jenoptik — FY2012 Earnings Presentation

22 slides from Jenoptik's earnings presentation, Mar 26, 2013

  1. Slide 1: Results of fiscal year 2012 and outlook 2013

    JENOPTIK AG Results of fiscal year 2012 and outlook 2013 March 26, 2013 Dr. Michael Mertin, CEO Rüdiger Andreas Günther, CFO © Copyright Jenoptik, All rights reserved.

  2. Slide 2: Jenoptik - a global optoelectronics player

    „ Jenoptik – fiscal year 2012 „ Segment reporting „ Outlook 2013 „ Appendix 2012 2013-03-26 JA 2012-e.ppt 2013-03-26 2 Jenoptik - a global optoelectronics player

  3. Slide 3: 2012 – best fiscal year of more recent company history

    2012 – best fiscal year of more recent company history New key customers Successful strategic focus Megatrends drive in systems business on target markets America demand from major and Asia target markets „ Jenoptik has grown organically for the 3rd year in succession, increase in sales and earnings

  4. Slide 4: Jenoptik achieved targets also in 2012

    Jenoptik achieved targets also in 2012 Targets 2012 Result Organic sales growth 5 – 10% ✓ Growth: 7.7% (585 million euros) EBIT 50 - 55 million euros ✓ EBIT 54.8 million euros Financials Reduction in net debt to Slight rise in net debt 74.5 million euros Slight rise in equity ratio ✓ Shareholders‘ e

  5. Slide 5: Global footprint in diversified target markets

    Global footprint in diversified target markets Sales split by region Sales split by target markets (as at 31.12.2012) (as at 31.12.2012) Middle East / Automotive & Africa Medical technology machine Germany construction 8% 5,4% Asia / Semiconductor Pacific 12,4% 11,8% 27,5% 35,6% 18,8% 19,9% America

  6. Slide 6: Earnings after tax increased disproportionately; EBIT margin rose to 9.4 percent

    Earnings after tax increased disproportionately; EBIT margin rose to 9.4 percent Sales in million euro EBIT in million euro 700 60 54.8 600 585.0 49.2 543.3 50 500 +7.7% +11.4% 40 400 30 300 20 200 100 10 0 0 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 2012 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 2012 Earning

  7. Slide 7: Income statement 2012: Substantial increase in EPS

    Income statement 2012: Substantial increase in EPS In million euros 2012 2011 Sales 585.0 543.3 Gross margin 34.8% 33.9% EBITDA 77.7 76.8 EBIT 54.8 49.2 EBIT margin 9.4% 9.1% Financial result -8.7 -13.0 „ Improved financing structure reduces interest expenses Earnings before tax 46.1 36.2 „ Tax loss

  8. Slide 8: Order intake at sales level, book-to-bill 1.00

    Order intake at sales level, book-to-bill 1.00 Order intake (in million euros) „ Order intake in 2011 includes - 9.4% 700 648 major orders for Defense & 583 587 Civil Systems and Metrology 600 535 „ Order backlog with 500 447 million euros 400 at high level of previous year 300 „ Book-to-bill 1.00 2

  9. Slide 9: Free cash flow again clearly positive

    Free cash flow again clearly positive 79.2 5.5 73.7 30.0 43.7 Operating result before Changes in working Cash flow from Cash flow from Free cash flow (before working capital changes capital and other items operating activities operative investing interests and taxes) before taxes activities (tang.+i

  10. Slide 10: Total debt reduced by almost 20 percent; net debt declined again

    Total debt reduced by almost 20 percent Net debt declined again Reduction in net debt and the claims of silent real estate investors to Jenoptik (in million euros) 260 „ Claims of silent real estate investors „ Net debt 60 -51% „ Net debt further reduced in spite of business expansion, dividend paym

  11. Slide 11: Segment reporting

    „ Jenoptik – fiscal year 2012 „ Segment reporting „ Outlook 2013 „ Appendix 2012 2013-03-26 JA 2012-e.ppt 2013-03-26 11 Jenoptik - a global optoelectronics player

  12. Slide 12: All three segments with almost equal contribution to group sales

    All three segments with almost equal contribution to group sales Sales: 585m € EBIT: 54.8m € Group Lasers & Metrology Defense & Optical Systems Civil Systems 36.3% of sales 31.2% of sales 31.9% of sales Lasers & Optical Industrial Traffic Defense & Material Processing Systems Metrology Solutions Civ

  13. Slide 13: Metrology with strong rise in sales

    Metrology with strong rise in sales Lasers & Optical Systems Metrology Defense & Civil Systems Sales in million euros Sales in million euros Sales in million euros 250 200 200 + 1.7% - 2.2% + 30.4% 182.7 183.3 186.4 200 217.1 160 160 212.2 140.1 150 120 120 100 80 80 50 40 40 0 0 0 2011 2012 2011 20

  14. Slide 14: Metrology with strong EBIT growth

    Metrology with strong EBIT growth Lasers & Optical Systems Metrology Defense & Civil Systems EBIT in million euros EBIT in million euros EBIT in million euros 40 40 20 - 7.5% 30 30 15 29.2 27.1 + 113.3% 25.7 - 32.8% 20 11.6 20 10 7.8 10 10 12.0 5 0 0 0 2011 2012 2011 2012 2011 2012 „ Lasers & Optica

  15. Slide 15: Outlook 2013

    „ Jenoptik – fiscal year 2012 „ Segment reporting „ Outlook 2013 „ Appendix 2012 2013-03-26 JA 2012-e.ppt 2013-03-26 15 Jenoptik - a global optoelectronics player

  16. Slide 16: 2013: Training of operating excellence – fit for further growth in 2014/15

    2013: Training of operating excellence – fit for further growth in 2014/15 Sales and earnings 2013 „ Slight sales growth of up to 5 percent „ Depending upon the course of the semiconductor cycle in the 2nd half-year, EBIT generated in the operating business should come to 50 to 55 million euros „ Co

  17. Slide 17: All divisions with stable or positive outlook for 2013 and beyond

    All divisions with stable or positive outlook for 2013 and beyond Lasers & Optical Industrial Traffic Defense & Material Systems Metrology Solutions Civil Systems Processing ƒ Internationalization ƒ Downturn in semi- ƒ Continuing growth ƒ Delivery and billing ƒ Stable business (Asia and North conduc

  18. Slide 18: Our target: to continue profitable growth

    Our target: to continue profitable growth Our tasks Our mid-term targets „ From 2014 continuation of approx. 10 percent growth per year „ Sales of 800 million euros by 2017 (without larger acquisitions), of which more than 40 percent in Asia and America „From Good to Great“ „ EBIT margin of 9 -10 pe

  19. Slide 19: Appendix

    „ Jenoptik – fiscal year 2012 „ Segment reporting „ Outlook 2013 „ Appendix 2012 2013-03-26 JA 2012-e.ppt 2013-03-26 19 Jenoptik - a global optoelectronics player

  20. Slide 20: Development of price of Jenoptik share compared with Dax and TecDax

    Development of price of Jenoptik share compared with Dax and TecDax since early 2012 8,5 Increase in 8,0 guidance 2012 Dividend and results 2011 More precise 7,5 forecast 2012 Preliminary 7,0 figures 2011 JO Xetra 6,5 Preliminary Dax indexed* figures 2012 TecDax indexed* 6,0 5,5 5,0 *based on the fi

  21. Slide 21: Dates and contact

    Dates and contact „ March 26, 2013 Results of fiscal year 2012, conference call „ March 27, 2013 Analysts‘ conference and roadshow Frankfurt/Main „ April 4 / 5, 2013 Roadshow London „ April 12, 2013 Conference Bankhaus Lampe, Baden-Baden „ May 8, 2013 Results of 1st quarter 2013, conference call Kat

  22. Slide 22: 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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