Jenoptik Ag · XETR:JEN
Jenoptik — 9M 2013 Earnings Presentation
20 slides from Jenoptik's earnings presentation, Nov 12, 2013
Slide 1: Results of the nine months 2013 and outlook
JENOPTIK AG Results of the nine months 2013 and outlook November 12, 2013 Dr. Michael Mertin, CEO Rüdiger Andreas Günther, CFO © Copyright Jenoptik, All rights reserved.
Slide 2: Jenoptik – First nine months 2013
Jenoptik – First nine months 2013 Segment reporting Outlook Jenoptik first nine months 2013 2013-11-12 2 Jenoptik - a global optoelectronics player
Slide 3: Positive trend in the business development
Positive trend in the business development Sales in the first nine months 2013 were above the high figure in the previous year Sales growth in Germany, America as well as Middle East / Asia Metrology segment remains growth driver Due to the expansion of international distribution as well as R+D acti
Slide 4: Approximately 64 percent of sales were generated abroad
Approximately 64 percent of sales were generated abroad Sales by region as at 30.09.2013 (previous year) Middle East / Africa America: 7.8% Sales growth in the Metrology and (6.5%) Germany Lasers & Optical Systems Asia / Pacific 9.6% segments (10.8%) 36.4% Europe incl. Germany: (35.5%) Slightly abov
Slide 5: Operative result in Q3/2013 higher than in previous two quarters
Operative result in Q3/2013 higher than in previous two quarters Sales in million euros 500 423.1 432.5 +2.2% Group sales in 9M/2013 exceed high level of 400 prior year 300 Sales in Q3/2013 are 6.9 percent above same quarter in the previous year 200 139.3 148.9 Cyclical influences are noticeable 100
Slide 6: Income statement 9M/2013: Gross margin remains at good level
Income statement 9M/2013: Gross margin remains at good level In million euros 9M/13 9M/12 Positive development of sales is reflected Sales 432.5 423.1 in higher gross profit Gross profit 149.7 147.2 Gross margin 34.6% 34.8% Functional costs 113.4 103.6 EBIT 37.5 42.1 EBIT margin also improved in the
Slide 7: Order intake remains below high level of the previous year
Order intake remains below high level of the previous year Order intake in million euros 500 Order intake did not reach high level of previous year 437.1 415.4 which was marked by major orders 400 −5.0% 9M/2012: several major orders included, among 300 others for traffic safety systems for Malaysia
Slide 8: Increase in working capital affected free cash flow
Increase in working capital affected free cash flow In million euros 9M/2013 9M/2012 Operating profit before working 53.8 60.2 Cash flow from operating capital changes activities in positive range Changes in working capital and −33.2 −16.9 Effects in cash flow from other items operating activities 9
Slide 9: Net debt rose slightly as expected
Net debt rose slightly as expected Net debt and the claims of silent real estate investors (in million euros) Higher net debt during the year due to reduction in cash Net debt Payment of dividend and use of funds to build up Claims of silent real estate investors 260 working capital Payments for cur
Slide 10: Nine months 2013: Jenoptik is on track in operating business
Nine months 2013: Jenoptik is „on track“ in operating business Successful expansion of international sales activities Continuing investments in future growth and innovative product and service range Positive trend in business development and strong financial basis Programs for the future development
Slide 11: Jenoptik – First nine months 2013
Jenoptik – First nine months 2013 Segment reporting Outlook Jenoptik first nine months 2013 2013-11-12 11 Jenoptik - a global optoelectronics player
Slide 12: Lasers & Optical Systems segment with largest share in sales; Growth driver: Metrology
Lasers & Optical Systems segment with largest share in sales; Growth driver: Metrology segment Sales: 432.5 million euros EBIT: 37.5 million euros Jenoptik Group Lasers & Metrology Defense & Optical Systems Civil Systems 37.1% of sales 32.6% of sales 29.7% of sales Lasers & Optical Industrial Traffi
Slide 13: Metrology again with strong rise in sales
Metrology again with strong rise in sales Lasers & Optical Systems Metrology Defense & Civil Systems Sales in million euros Sales in million euros Sales in million euros 200 200 200 − 0.8% + 12.6% 150 − 3.3% 150 162 160 150 141 133 125 129 100 100 100 50 50 50 0 0 0 Lasers & Optical Systems: develop
Slide 14: Metrology with substantial increase in EBIT
Metrology with substantial increase in EBIT Lasers & Optical Systems Metrology Defense & Civil Systems EBIT in million euros EBIT in million euros EBIT in million euros 30 30 30 25 − 30.4% 25 + 27.6% 25 24.2 20 20 20 15 15 17.2 15 16.8 − 13.7% 13.5 10 10 10 5 5 5 7.6 6.6 0 0 0 EBIT margin 10.5% (pre
Slide 15: Jenoptik – First nine months 2013
Jenoptik – First nine months 2013 Segment reporting Outlook Jenoptik first nine months 2013 2013-11-12 15 Jenoptik - a global optoelectronics player
Slide 16: Forecast for 2013 reaffirmed: Investments in future are continuing as planned
Forecast for 2013 reaffirmed: Investments in future are continuing as planned 2012 2013e Slight rise in sales of Sales 585.0 million euros up to 5 percent EBIT in the operating EBIT 54.8 million euros business should come to 50 to 55 million euros Development of EBIT depends upon the course of the s
Slide 17: All divisions with positive outlook for 2013 and beyond
All divisions with positive outlook for 2013 and beyond Lasers & Optical Industrial Traffic Defense & Material Systems Metrology Solutions Civil Systems Processing Internationalization Slight recovery in High order backlog Delivery and billing Stable business with (Asia and North semiconductor provi
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 percent o
Slide 19: Dates and contact
Dates and contact November 12, 2013 Results of first nine months 2013, conference call November 13, 2013 Eigenkapitalforum, Frankfurt/Main November 27, 2013 Roadshow Paris December 11, 2013 Conference Close Brothers Seydler, Geneva January 28, 2014 Preliminary figures 2013 Thomas Fritsche JENOPTIK A
Slide 20: 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