Jenoptik Ag · XETR:JEN
Jenoptik — 9M 2011 Earnings Presentation
21 slides from Jenoptik's earnings presentation, Nov 9, 2011
Slide 1: Conference call: Results of the first nine months 2011 and outlook
JENOPTIK AG Conference call Results of the first nine months 2011 and outlook November 9, 2011
Slide 2: Group results 9 months 2011
Group results 9 months 2011 Business development of the segments and outlook Appendix 9 months 2011 2011-11-09 2 Jenoptik - a global optoelectronics player
Slide 3: Leap in earnings and margin improvement compared with the same period in the previous year
Leap in earnings and margin improvement compared with the same period in the previous year Sales rose by 10.9 percent to 383.9 million euros, high demand from semiconductor and automotive industry Group EBIT at 34.9 million euros substantially increased, EBIT margin of the first nine months at 9
Slide 4: Jenoptik Group – strong sales growth abroad; future focus on Asia and North America
Jenoptik Group – strong sales growth abroad; future focus on Asia and North America Germany € 421,8m Europe 9M/11 9M/11 € 152.5m NAFTA € 122.1m +2.2% 9M/11 +34.9% € 53.2m € +10.1% Asia $ +14.4% 9M/11 Others* € 38.3m 9M/11 +37.5% € 17.8m -41.1% * Others: in 2010 characterized by delivery of major tra
Slide 5: Income statement 9 months 2011: Substantial margin improvement
Income statement 9 months 2011: Substantial margin improvement In million euros 9M/11 9M/10* Sales 383.9 346.2 Sales 10.9 percent up on previous year‘s level Lasers & Optical Systems segment: good sales with semiconductor industry Gross margin 34.6% 31.5% and increase in Lasers business unit M
Slide 6: Income statement 9 months 2011: Earnings before and after tax more than doubled
Income statement 9 months 2011 : Earnings before and after tax more than doubled In million euros 9M/11 9M/10* EBIT 34.9 20.2 Financial result -8.9 -8.8 Expenses for JT Optical Engine Improved interest income Earnings before tax 26.1 11.3 Income taxes 3.6 1.7 Cash-effective tax rate of 13.8 perc
Slide 7: Order intake 25 percent higher than in the same period in the previous year
In first nine months 2011 order intake 25 percent higher than in the same period in the previous year In million euros 9M/11 9M/10* Change Improved order intake Traffic safety order of more Order intake 513.7 410.9 25.0% than 20 million euros Long-term major orders in the Defense & Civil Syste
Slide 8: Cash flow statement: strong improvement in free cash flow
Cash flow statement: strong improvement in free cash flow in spite of higher working capital In million euros 9M/11 9M/10 Operating profit before working 53.1 42.1 Significantly improved earnings capital changes before tax Changes in working capital -12.9 -18.4 Cash outflow due to growth- and ot
Slide 9: Net debt remains at low level; shareholders' equity base strengthened
Net debt remains at low level; shareholders‘ equity base strengthened Repayment of bank loans and In million euros 30.09.2011 31.12.2010 reclassification of installments which are due in just under Cash and cash equivalents 41.3 65.3 12 months as current financial liabilities Securities 1.3 0.8
Slide 10: Business development of the segments and outlook
Group results 9 months 2011 Business development of the segments and outlook Appendix 9 months 2011 2011-11-09 10 Jenoptik - a global optoelectronics player
Slide 11: Sales growth generated by Lasers & Optical Systems and Metrology segments
Sales growth generated by Lasers & Optical Systems and Metrology segments Jenoptik Group Sales 9M/11: € 383.9m Sales 9M/10: € 346.2m* Lasers & Defense & Optical Systems Metrology Civil Systems Sales 9M/11: € 159.2m Sales 9M/11: € 93.5m Sales 9M/11: € 130.5m Sales 9M/10: € 137.3m Sales 9M/10: € 83.4m
Slide 12: Lasers & Optical Systems: Substantial EBIT improvement
Lasers & Optical Systems: Substantial EBIT improvement thanks to high sales with semiconductor industry Sales EBIT Order intake Order backlog in million euros in million euros in million euros in million euros 200 30 200 200 25 150 24.8 173.9 166.9 150 159.2 150 20 137.3 100 15 100 100 98.8 102.0 10
Slide 13: Lasers & Optical Systems: Future development of business
Lasers & Optical Systems Future development of business Sales 2012 Lasers & Material Processing: EBIT in first nine months 2011 improved compared with previous year, which is also due to more efficient production structures Approx. 10 million euros will be invested in laser production as a resul
Slide 14: Metrology: continuing high demand from automotive industry
Metrology: continuing high demand from automotive industry Sales EBIT Order intake Order backlog in million euros in million euros in million euros in million euros 100 8 150 100 93.5 80 120 132.5 80 83.4 6 81.6 6.2 60 90 104.4 60 4 40 3.9 60 40 45.1 2 20 30 20 0 0 0 0 9M/10 9M/11 9M/10 9M/11 9M/10
Slide 15: Metrology: Future development of business
Metrology Future development of business Sales 2012 Industrial Metrology: Sales, EBIT and order intake rose in first nine months 2011 as a result of high demand from automotive industry Optimized cost structures are reflected in results Continuing high demand from automotive industry expected
Slide 16: Defense & Civil Systems: High order backlog ensures stable development
Defense & Civil Systems : High order backlog ensures stable and profitable development Sales EBIT Order intake Order backlog in million euros in million euros in million euros in million euros 150 10 300 300 296.3 120 250 250 130.5 8 125.4* 200 215.0 200 90 6 212.6 5.8 150 150 5.4* 60 4 131.1* 100 1
Slide 17: Defense & Civil Systems: Future development of business
Defense & Civil Systems Future development of business Sales 2012 Defense & Civil Systems: In first nine months 2011: Stable business development with new and more market-oriented structures PUMA orders of approx. 70 million euros in total contributed to high order intake, Book-to-bill-ratio a
Slide 18: Group forecast for 2011: sales around 525 million euros, EBIT approx. 44 million
Group forecast for 2011: sales are expected to come in at around 525 million euros, Group EBIT at approx. 44 million euros Sales and earnings Positive development in 4th quarter 2011 expected, in particular in automotive industry; supplies to the semiconductor industry are on a good level within s
Slide 19: Appendix - Key Figures: first 9 months 2008
Group results 9 months 2011 Business development of the segments and outlook Appendix 9 months 2011 2011-11-09 19 Appendix - Key Figures: first 9 months 2008
Slide 20: Dates and contact
Dates and contact October 13-14, 2011 Jenoptik Capital Market Days, Jena November 9, 2011 Conference call 9 months 2011 November 16, 2011 WestLB Germany Conference, Frankfurt November 22, 2011 Deutsches Eigenkapitalforum, Frankfurt Sabine Barnekow JENOPTIK AG Investor Relations Manager Dr. M
Slide 21: 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