Jenoptik Ag · XETR:JEN
Jenoptik — FY2014 Earnings Presentation
18 slides from Jenoptik's earnings presentation, Jan 29, 2015
Slide 1: Conference Call: Preliminary figures of fiscal year 2014
JENOPTIK AG Conference Call Preliminary figures of fiscal year 2014 January 29, 2015 Dr. Michael Mertin, CEO Rüdiger Andreas Günther, CFO © Copyright Jenoptik, All rights reserved.
Slide 2: Jenoptik – Preliminary figures 2014
Jenoptik – Preliminary figures 2014 Segment reporting Outlook Appendix 15-01-29 Preliminary figures-1.pptx 2015-01-29 2 Jenoptik - a global optoelectronics player
Slide 3: 2014: challenging environment; strategic projects were successfully continued
2014: challenging environment; strategic projects were successfully continued Impacts on the business Further strategic steps development successfully implemented More stringent export regulations on national Internationalization /customers and European level Revenue growth in Asia Political
Slide 4: Group revenue almost at level of prior year
Preliminary figures 2014 Group revenue almost at level of prior year Revenue in million euros 700 600.3 ~590 600 - 2.0 % 500 400 300 200 152 168 ~170 132 149 137 146 137 100 0 Q1/13 Q2/13 Q3/13 Q4/13 2013 Q1/14 Q2/14 Q3/14 Q4/14 2014 Revenue came to approx. 590 million euros and is thus at the upp
Slide 5: Preliminary figures 2014: good earnings quality of prior year maintained
Preliminary figures 2014: good earnings quality of prior year maintained EBIT in million euros 70 60 52.7 - 2.0 % >51 50 40 30 20 15.2 12.9 13.5 13.4 13.8 >13 10.6 10.5 10 0 Q1/13 Q2/13 Q3/13 Q4/13 2013 Q1/14 Q2/14 Q3/14 Q4/114 2014 Group EBIT affected by changed revenue mix, more efficient operat
Slide 6: Order intake higher than in prior year; good order backlog
Order intake higher than in prior year; good order backlog creates good conditions for growth in 2015 Order intake in million euros 700 575.3 ~590 Order intake higher than in prior year and at 600 500 level of revenue + 2.5% 400 Book-to-bill-ratio rises to 1.00 (prior year 0.96) 300 Postponeme
Slide 7: Financing growth in 2015 results in higher net debt
Financing growth in 2015 and continuing implementation of the strategy of internationalization results in higher net debt in million euros ~260 60 Net debt higher than in prior year due to the financing of - 54.7% the acquisition of Vysionics as well as the increased working capital (post- 106 + 1
Slide 8: Segment reporting
Jenoptik – Preliminary figures 2014 Segment reporting Outlook Appendix 15-01-29 Preliminary figures-1.pptx 2015-01-29 8 Jenoptik - a global optoelectronics player
Slide 9: Strategic group development prioritizes growth markets of the future
Strategic group development prioritizes growth markets of the future Share of the segments in Group revenue in percent 2008 2014 Lasers & Optical 37.8 Systems ~30 38.0 ~39 Metrology 23.0 Defense & Civil ~31 Systems Revenue share of Lasers & Optical Systems as well as Metrology segments has constan
Slide 10: Lasers & Optical Systems segment increased revenue; Metrology with good 4th quarter
Lasers & Optical Systems segment increased revenue; Metrology with good 4th quarter Lasers & Optical Systems Metrology Defense & Civil Systems Revenue in million euros Revenue in million euros Revenue in million euros 250 250 250 224.7 ~230 200 200 200 187.4 ~185 185.1 150 150 150 ~170 100 100 100 5
Slide 11: Lasers & Optical Systems segment showed earnings growth
Lasers & Optical Systems segment showed earnings growth Lasers & Optical Systems Metrology Defense & Civil Systems EBIT in million euros EBIT in million euros EBIT in million euros 30 30 30 ~27 24.6 20 20 22.5 ~22 20 10 10 10 11.6 ~2 0 0 0 2013 2014 2013 2014 2013 2014 EBIT increased significantly S
Slide 12: Outlook
Jenoptik – Preliminary figures 2014 Segment reporting Outlook Appendix 15-01-29 Preliminary figures-1.pptx 2015-01-29 12 Jenoptik - a global optoelectronics player
Slide 13: Substantial growth in revenue and earnings forecast for 2015
Substantial growth in revenue and earnings forecast for 2015 Jenoptik will see return Forecast 2015 to successful growth based on: Good order pipeline in all three segments Revenue between 650 and 690 million euros Postponed international project for defense technology EBIT margin between 8.
Slide 14: 2015: Positive development in all three segments expected
2015: Positive development in all three segments expected Lasers & Optical Systems Metrology Defense & Civil Systems Demand from semiconductor Globally growing demand for Long-term major orders equipment industry is expected more efficient drives and the ensure stable business to increase agai
Slide 15: Our target: to continue profitable growth
Our target: to continue profitable growth Our tasks Our mid-term targets Revenue of 800 million euros by 2018 (including smaller acquisitions), of which more than 40 percent in Asia and America … to 2018 EBIT margin of 9-10 percent over the cycle „From Good to Great“ External factors may affect
Slide 16: Appendix
Jenoptik – Preliminary figures 2014 Segment reporting Outlook Appendix 15-01-29 Preliminary figures-1.pptx 2015-01-29 16 Jenoptik - a global optoelectronics player
Slide 17: Events and contact
Events and contact January 29, 2015 Preliminary figures 2014 February 18-19, 2015 Roadshow Scandinavia February 25, 2015 Roadshow Hamburg February 26, 2015 Roadshow Vienna March 26, 2015 Publication of the Financial Statements 2014 March 27, 2015 Analysts’ Conference, Frankfurt/Main Cont
Slide 18: 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