Jenoptik Ag · XETR:JEN

Jenoptik — H1 2012 Earnings Presentation

25 slides from Jenoptik's earnings presentation, Aug 9, 2012

  1. Slide 1: Conference call: Results of the first half-year 2012 and outlook

    JENOPTIK AG Conference call Results of the first half-year 2012 and outlook August 9, 2012 Dr. Michael Mertin, CEO Rüdiger Andreas Günther, CFO

  2. Slide 2: Agenda: 1st half-year 2012, Segment reporting, Outlook, Appendix

    „ Jenoptik – 1st half-year 2012 „ Segment reporting „ Outlook „ Appendix 1st half-year 2012 2012-08-09 2 Jenoptik - a global optoelectronics player

  3. Slide 3: Jenoptik stays on track: Successful first half-year of 2012

    Jenoptik stays on track: Successful first half-year of 2012 New key customers in Strategic focus on Positive development of system business growth regions America major target markets and Asia pays off „ Sales increase by 10.7%, Metrology segment drove growth „ Operating result higher than last year

  4. Slide 4: Success through internationalization: Strong sales growth outside of Europe

    Success through internationalization: Strong sales growth outside of Europe Germany € 421,8m Europe H1/12 H1/12 Up by ca. 1% Down by € 99.7m € 79.1m roughly 8% Asia/Pacific H1/12 Middle East/ America Africa € 34.6m H1/12 Up by more H1/12 than 40% € 16.4m € 54.0m Up by more Up by more than 10% than 7

  5. Slide 5: Income statement 1st half-year 2012: EBIT margin better than expected

    Income statement 1st half-year 2012: EBIT margin better than expected In million euros H1/12 H1/11 Sales 283.8 256.3 „ Sales up by 10.7 percent Gross profit 95.8 89.7 „ Different sales mix and starting costs for major projects Gross margin 33.7% 35.0% „ Expansion of R+D and sales network EBIT 26.0 2

  6. Slide 6: Income statement 1st half-year 2012: Improved financial structure lowers interest expenses

    Income statement 1st half-year 2012 : Improved financial structure allows for lower interest expenses In million euros H1/12 H1/11 EBIT 26.0 24.0 Financial result -3.9 -5.7 „ Improved financing structure reduces interest expenses; Earnings before tax 22.1 18.4 positive result from investments Income

  7. Slide 7: Order book situation in 1st half-year 2012

    Order book situation in 1st half-year 2012 Stable order backlog guarantees future business In millio euros H1/12 H1/11 Change Order intake 282.4 346.1 -18.4% „ Order intake declined as expected: „ Previous year strongly Book-to-bill 1.00 1.35 influenced by major orders (PUMA and Saudi-Arabia) totali

  8. Slide 8: Cash flow statement: Again positive cash flow from operating activities

    Cash flow statement: Again positive cash flow from operating activities In million euros H1/12 H1/11 Operating profit before working 38.5 36.4 capital changes Changes in working capital and -20.0 -11.1 „ Increase in working capital through other items „ business expansion „ project-related effects d

  9. Slide 9: Increase in net debt caused by dividend payment and payments to silent shareholders

    Increase in net debt caused by dividend payment and payments to silent shareholders in Jenoptik real estate funds In million euros 31.06.2012 31.12.2011 Cash and cash equivalents 27.1 48.8 „ Dividend payment (8.6 million euros) and payments to silent Securities 1.3 1.3 shareholders in Jenoptik real

  10. Slide 10: No rise in total debt in spite of dividend payment

    No rise in total debt in spite of dividend payment and payments to silent real estate investors 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% „ Original capital contributions in Jeno

  11. Slide 11: Agenda: Segment reporting

    „ Jenoptik – 1st half-year 2012 „ Segment reporting „ Outlook „ Appendix 1st half-year 2012 2012-08-09 11 Jenoptik - a global optoelectronics player

  12. Slide 12: In particular Metrology segment drives sales growth

    In particular Metrology segment drives sales growth Jenoptik Group Lasers & Defense & Optical Systems Metrology Civil Systems Lasers & Optical Industrial Traffic Defense & Material Processing Systems Metrology Solutions Civil Systems Technology competence in optoelectronics, joint use of distributio

  13. Slide 13: Lasers & Optical Systems: EBIT remains high despite different product mix

    Lasers & Optical Systems: EBIT remains high despite different product mix Sales EBIT Order intake Order backlog in million euros in million euros in million euros in million euros 120 + 1.9% 20 120 - 8.9% 120 -7.4% - 3.6% 118.6 110.9 108.0 108.8 15 17.5 90 101.3 97.7 80 16.2 80 10 60 40 40 5 30 0 0

  14. Slide 14: Lasers & Optical Systems: Positive development continues

    Lasers & Optical Systems: Positive development continues Sales 2012 Lasers & Material Processing „ Laser systems business shows sales and earnings growth „ Approx. 10 million euros invested in laser diode production (expansion of capacity and technology leadership) Continuing „ Continuing internatio

  15. Slide 15: Metrology: EBIT rose stronger than sales

    Metrology: EBIT rose stronger than sales Sales EBIT Order intake Order backlog in million euros in million euros in million euros in million euros 100 10 120 100 +5.5% +34.9% 93.1 80 +28.8% +58.5% 90 3 6.5 100.5 75 80.0 95.3 60 3,0 69.0 62.1 2 60 50 4.1 40 1 30 25 20 1,0 0 0 0 0 H1/11 H1/12 H1/11 H1

  16. Slide 16: Metrology: 2012 sales growth of 25 to 30 percent

    Metrology: 2012 sales growth of 25 to 30 percent; EBIT expected to rise stronger than sales Sales 2012 Industrial Metrology „ Rise in sales, earnings and order intake in H1/12 due to high demand from automotive industry and machine construction, especially in North America „ Global player and reliab

  17. Slide 17: Defense & Civil Systems: Increase in sales and earnings

    Defense & Civil Systems: Increase in sales and earnings, previous year characterized by major order Sales EBIT Order intake Order backlog in million euros in million euros in million euros in million euros 100 5 150 300 -7.0% +9.1% +20.0% 80 92.4 4 120 133.2 -45.0% 279.9 260.2 84.7 4.2 200 3 3.5 60

  18. Slide 18: Defense & Civil Systems: slight rise in sales and earnings expected

    Defense & Civil Systems: slight rise in sales and earnings in 2012 expected Umsatzausblick 2012 Defense & Civil Systems „ Innovation award by Dräger as a key supplier for firecams „ Investment in production of energy systems (in total approx. 8 million euros) due to high demand „ Development of inte

  19. Slide 19: Agenda: Outlook

    „ Jenoptik – 1st half-year 2012 „ Segment reporting „ Outlook „ Appendix 1st half-year 2012 2012-08-09 19 Jenoptik - a global optoelectronics player

  20. Slide 20: Homogeneous processes, structures, and branding address markets efficiently

    Homogeneous processes, structures, and branding enable us to address markets efficiently and effectively Jenoptik Markets Trends Know how & products SEMI & PV Digital World Medical & Health Life Science Industrial Lasers & Metrology Optical Automotive Mobility & Material & Machinery Efficiency Syste

  21. Slide 21: Group forecast for 2012 raised: EBIT between 50 and 55 million euros

    Group forecast for 2012 raised: rise in sales; EBIT between 50 and 55 million euros „ Positive business development expected for full year 2012 „ Jenoptik profits from implementation of internationalization strategy, acquisition of new customers in systems business and improved internal processes „

  22. Slide 22: Agenda: Appendix

    „ Jenoptik – 1st half-year 2012 „ Segment reporting „ Outlook „ Appendix 1st half-year 2012 2012-08-09 22 Jenoptik - a global optoelectronics player

  23. Slide 23: JENOPTIK AG - Shareholder structure

    JENOPTIK AG - Shareholder structure 14.01 % ECE Industriebeteiligungen GmbH (voting right announcement July 2011) 11.0 % Thüringer Industriebeteiligungs GmbH & Co. KG (voting right announcement July 2011) 4.84 % ZOOM Immobilien GmbH (voting right announcement March 2011; 70.15 % legal successor of V

  24. Slide 24: Dates and contact

    Dates and contact „ August 9, 2012 Results of the 1st half-year 2012, conference call „ August 10, 2012 Analyst’s conference, Frankfurt „ August 10, 2012 Roadshow Frankfurt „ August 31, 2012 Commerzbank Sector Week, Frankfurt „ September 18/19, 2012 Roadshow London/Edinburgh Sabine Barnekow JENOPTIK

  25. Slide 25: 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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