Jenoptik Ag · XETR:JEN
Jenoptik — FY2013 Earnings Presentation
20 slides from Jenoptik's earnings presentation, Mar 25, 2014
Slide 1: Results of fiscal year 2013 and outlook: Succeeding through performance
JENOPTIK AG: Results of fiscal year 2013 and outlook SUCCEEDING THROUGH PERFORMACNE March 25, 2014 Dr. Michael Mertin, CEO Rüdiger Andreas Günther, CFO © Copyright Jenoptik, All rights reserved.
Slide 2: Jenoptik – fiscal year 2013
Jenoptik – fiscal year 2013 Segment reporting Outlook 2014 2013 14-03-25 JA-en.pptx 2014-03-25 2 Jenoptik - a global optoelectronics player
Slide 3: Jenoptik achieved its targets also in 2013
Jenoptik achieved its targets also in 2013 Targets 2013 Customers Regional growth as well as development ✓ of new markets Internationalization Technology Winning new key accounts ✓ Transfer of technology and expertise ✓ Launched projects for the development of Operational the Group have succ
Slide 4: Long-term growth above market average
Long-term growth above market average Group revenue has risen significantly since 2009 CAGR about 8% Sales grows to 600 million euros in million + 2.6% euros and is thus as projected higher 600 than in prior year (growth of 600 585 543 photonics market about 6.5%) 500 479* 449* Positive trend in
Slide 5: About 62 percent of revenue were generated abroad
About 62 percent of revenue were generated abroad Automotive/machine construction remain most important markets Revenue by region Revenue by target markets 2013 and prior year 2013 and prior year Middle East / Automotive & Africa Medical technology machine construction Germany 7.3% 6.5% Asia / Pacif
Slide 6: Income statement 2013: Earnings before tax higher than in prior year
Income statement 2013: Earnings before tax higher than in prior year In million euros 2013 2012 Pleasing revenue development is also reflected in higher gross profit – gross Revenue 600.3 585.0 margin remains at good level Gross profit 205.7 203.4 EBIT in Q4/2013 is best quarter Gross margin 34.
Slide 7: Order intake only slightly below high level of prior year
Order intake only slightly below high level of prior year; order pipeline well filled; trend to shorter-term orders Order intake in million euros Order intake did not quite reach the high level 587.2 575.3 of the prior year -2.0 % 2012: several major orders included, among others for traffic saf
Slide 8: Reduction in working capital has positive effect on free cash flow
Reduction in working capital has positive effect on free cash flow In million euros 2013 2012 Operating profit before working 75.7 79.2 Cash flows from operating capital changes activities remain at good level Changes in working capital and 8.5 5.5 Active working capital other items management
Slide 9: Net debt substantially reduced due to strong cash flows
Net debt substantially reduced to due strong cash flows Net debt and claims of silent real estate in million euros Net debt Net debt significantly reduced Claims of silent real estate investors in spite of higher dividend and 260 payments for current Group development projects 60 Equity ratio ro
Slide 10: Conclusion: 2013 was a successful fiscal year for Jenoptik
Conclusion: 2013 was a successful fiscal year for Jenoptik; Group has remained „on track“ – operationally and financially Forecast revenue and EBIT figures were achieved in a challenging environment It is the 4th year in succession in which the Group generated organic growth As expected, EBIT
Slide 11: Jenoptik – fiscal year 2013
Jenoptik – fiscal year 2013 Segment reporting Outlook 2013 14-03-25 JA-en.pptx 2014-03-25 11 Jenoptik - a global optoelectronics player
Slide 12: Lasers & Optical Systems as well as Metrology with new revenue records
Lasers & Optical Systems as well as Metrology with new revenue records Lasers & Optical Systems Metrology Defense & Civil Systems Revenue in million euros Revenue in million euros Revenue in million euros 300 300 300 250 5.8% 250 250 224.7 2.6% 212.3 0.7% 200 200 182.7 187.4 200 186.4 185.1 150 15
Slide 13: Lasers & Optical Systems as well as Defense & Civil Systems with strong Q4
Lasers & Optical Systems as well as Defense & Civil Systems with strong Q4 Lasers & Optical Systems Metrology Defense & Civil Systems EBIT in million euros EBIT in million euros EBIT in million euros 35 35 35 30 9.2% 30 30 -11.6% 27.1 25.6 25 24.6 25 25 22.6 20 20 20 48.5% 15 15 15 12.1 -56.0% 11.
Slide 14: Jenoptik – fiscal year 2013: Outlook 2014
Jenoptik – fiscal year 2013 Segment reporting Outlook 2013 2014 14-03-25 JA-en.pptx 2014-03-25 14 Jenoptik - a global optoelectronics player
Slide 15: 2014: Stronger growth expected
2014: Stronger growth expected 2013 2014e Growth Group revenue 600.3 million euros of 5 - 10 percent Rise to Group EBIT 52.7 million euros 55 to 62 million euros EBIT development will depend on economic trend, in particular in the semiconductor equipment and automotive industries Further expansi
Slide 16: 2014: Positive development in all segments expected
2014: Positive development in all segments expected Lasers & Optical Systems Metrology Defense & Civil Systems Restrained but stable Globally growing demand for Stable business development expected in the more efficient drives and the development ensured semiconductor equipment necessary measu
Slide 17: Our target: to continue profitable growth
Our target: to continue profitable growth Our tasks Our mid-term targets Continuation of approx. 10 percent growth per year over the cycle Revenue 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
Slide 18: Appendix
Appendix 14-03-25 JA-en.pptx 2014-03-25 18 Jenoptik - a global optoelectronics player
Slide 19: Dates and Contact
Dates and Contact March 25, 2014 Financial Statements 2013 March 26, 2014 Analysts‘ conference and roadshow, Frankfurt April 4, 2014 Capital market conference Bankhaus Lampe, Baden-Baden April 9, 2014 Roadshow, London May 13, 2014 Results of 1st quarter 2014, conference call May 14-15, 2
Slide 20: 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