Half-Year Press Conference 11 May 2017 Prof. Dr. Michael Kaschke President & CEO ZEISS Group, Half-Year Press Conference 2016/17 Thomas Spitzenpfeil Chief Financial Officer 11 May 2017
Prof. Dr. Michael Kaschke President & CEO Thomas Spitzenpfeil Chief Financial Officer 2
First of fiscal at a glance Incoming orders 2,743 M +12% EBIT 384 M +104 M Revenue 2,550 M +10% Consolidated profit/loss 247 M +60 M Employees 26,178* +3% EVA 207 M +70 M All figures in euros. *Including ~5.000 employees of VIS Global Operations. 3
Revenue distribution 1st 2016/17 Collaborations 494 M +29% Americas 661 M +8%* EMEA 786 M ±0%* of which Germany 296 M 2% APAC 609 M +10%* Revenue trend of direct business in emerging markets 465 1st 2015/16 1st 2016/17 549 M +18%* Around 90 percent of revenue generated outside Germany *Like-for-like. 4
Research & Quality Technology Revenue 1st 2016/17 1,466 Measuring Technology benefits from the continued strong demand from the car industry 2nd 747 743 M +3% Microscopy invests in Europe-wide Customer Center Outlook 1st 719 2015/16 2016/17 Growth momentum in digitalization and Smart Production Stringent cost management at Microscopy 5
Medical Technology Revenue 1st 2016/17 1,290 Strong competition countered with product innovations and service offerings 2nd 669 682 M +10% China, India and Southeast Asia in particular drive growth in the segment Outlook 1st 621 Stable revenue and development of earnings thanks to greater customer orientation 2015/16 2016/17 6
Vision Care/Consumer Products Revenue 1st 2016/17 1,089 Profitable growth thanks to greater anchoring of brand among consumers 2nd 559 553 M +4% Opening up of growth markets such as virtual reality and augmented reality Outlook 1st 530 Continued growth dynamic in Brazil and Asia New product pipeline will be filled 2015/16 2016/17 7
Semiconductor Manufacturing Technology Revenue 1st 2016/17 972 Continued high demand for Deep Ultra Violet (DUV) lithography systems 2nd 553 541 M +29% Order volume for future-oriented Extreme Ultra Violet (EUV) lithography rises Outlook 1st 419 Stable business thanks to high number of incoming orders Growing momentum due to EUV 2015/16 2016/17 8
Summary of first of fiscal Revenue and Earnings Rise Success Across All Segments Good Position Customers in Focus Positive trend across all key performance indicators has continued Asia continues to ensure dynamic growth Entire portfolio contributes to positive result Growth in direct business and in business with cooperation partners Successful in new growth markets Incoming orders at all-time high Investment volume rises ZEISS Agenda 2020: Spotlight on Customer Success Success stories for greater customer orientation across all segments 9
R&D expenditure 436 1st 2016/17 10 percent of revenue for research and development 2nd 229 247 M +40 M 1st 207 2015/16 2016/17 10
Investments in property, plant and equipment 1st 2016/17 154 155 Investments raised to high level 2nd 100 79 75 M +21 M 1st 54 76 75 76 Investments in property, plant and equipment Depreciations of property, plant and equipment 2015/16 2016/17 11
Free Cash Flow EBIT 1st 2016/17 2nd 709 354 264 M -91 M 2nd 615 335 384 M +104 M EBIT rose despite increasing expenditure for research and development Outlook 1st 355 1st 280 Consistent cost management is the focus of Group-wide programs 2015/16 2016/17 2015/16 2016/17 12
Gross and net liquidity 1st 2016/17 1.174 951 Sufficient financial freedom for future development 796 568 951 M +383 M Outlook ZEISS is focusing sharply on identifying how we can strategically supplement further investments and acquisitions Gross liquidity Net liquidity 30 Sept. 2016 31 Mar. 2017 13
Equity 1st 2016/17 2,206 Equity ratio at 36 percent 1,416 2,206 M +56% Outlook Sale of stake to ASML will have a positive impact on company s equity 30 Sept. 2016 31 Mar. 2017 14
Outlook for second of fiscal Economy Action Opportunities Forecast Moderate global economic growth Pace of growth differs from one emerging economy to another Economic uncertainty persists Greater customer focus Response to significant need for digital solutions Increase in competitiveness Digitalization in Smart Factory and healthcare offers tremendous growth potential By 2020, ZEISS is planning a quadruplefigure headcount increase Continued profitable growth Options for acquisitions and big investments are consistently pursued 15 ZEISS Group, Half-Year Press Conference 2016/17 11 May 2017
If you have any questions, please do not hesitate to contact us. Jörg Nitschke Corporate Communications Phone: +49 7364 20-3242 Email: joerg.nitschke@zeiss.com 16
, Half-Year Press Conference 2016/17 11 May 2017