Annual Press Conference Stuttgart, 16 December 2016 Prof. Dr. Michael Kaschke President & Chief Executive Officer Thomas Spitzenpfeil Chief Financial Officer ZEISS Group, 2015/16 Annual Press Conference 16 December 2016
Prof. Dr. Michael Kaschke President & Chief Executive Officer Thomas Spitzenpfeil Chief Financial Officer ZEISS Group, 2015/16 Annual Press Conference 16 December 2016 2
FISCAL YEAR 2015/16 AT A GLANCE Record revenue and earnings ZEISS exceeds own expectations Success across all segments Opportunities seized Implementation of Agenda 2016 and optimized competitiveness lead to best earnings in company s history Organic revenue growth of 8% Economic value added (EVA) over 300 million for first time Entire portfolio makes significant contribution to healthy earnings Growth in direct business, particularly at Medical Technology and Industrial Metrology Success in new growth markets For the first time, incoming orders exceeded the 5 billion euro mark 3
FISCAL YEAR 2015/16 AT A GLANCE Incoming orders 5,019 M +8% Revenue 4,881 M +8% Employees 25,433 +2% EBIT 615 M +246 M Consolidated earnings 404 M +196 M EVA 310 M +195 M All figures in euros 4
Revenue distribution GLOBAL REVENUE TREND FISCAL YEAR 2015/16 March Collaborations 887 M +12 % EMEA 1,611 M +5% 87 percent of revenue generated outside Germany Asia/Pacific achieves over 1 billion as share of revenue for the first time of which Germany 599 M +10 % REVENUE TREND OF DIRECT BUSINESS IN EMERGING MARKETS 883 995 Americas 1,260 M +3% APAC 1,123 M +17% 2014/15 2015/16 995 M +16% 5
Research & Quality Technology REVENUE 1,356 1,466 FISCAL YEAR 2015/16 Industrial Metrology benefits from strong automotive market and Smart Production Microscopy achieves turnaround and is back on track to growth 2014/15 2015/16 1,466 M +8% OUTLOOK Expanding digitalization and Smart Production for customer success Further strengthening leadership in optics and X-ray technology 6
Medical Technology REVENUE 1,211 1,290 FISCAL YEAR 2015/16 Asserting position on hard-fought market Further strengthening leading market position through innovations 2014/15 2015/16 1,290 M +7% OUTLOOK Megatrends promote market growth Innovation driver for optimized treatment outcomes and processes Not identical to Carl Zeiss Meditec AG. 7
Vision Care/Consumer Products REVENUE 1,007 1,089 FISCAL YEAR 2015/16 Vision Care is growing globally thanks to ZEISS eyeglasses and product innovations Consumer Optics responds to high market pressure with successful product launches 1,089 M +8% OUTLOOK Sustained well-filled product pipeline 2014/15 2015/16 Addressing the consumer optics market with innovations and new business models 8
Semiconductor Manufacturing Technology REVENUE 893 972 FISCAL YEAR 2015/16 Solid business with deep ultraviolet (DUV) lithography systems 15 percent rise in incoming orders 2014/15 2015/16 972 M +9% OUTLOOK Advancement and acceleration of future-oriented EUV technology through further R&D investments in expanded ASML partnership 9
R&D EXPENDITURE 473 485 FISCAL YEAR 2015/16 Expenditure on research and development maintains prior year s high level 436 M Recognized in income statement* 2014/15 2015/16 * After deduction of subsidies and financing from third parties. 10
INVESTMENTS IN PROPERTY, PLANT AND EQUIPMENT FISCAL YEAR 2015/16 Investments remain at high level 160 150 154 155 154 M 2014/15 2015/16 Investments in property, plant and equipment Depreciations on property, plant and equipment 11
FREE CASH FLOW 477 709 EBIT FISCAL YEAR 2015/16 615 Free cash flow increase thanks to better operating result 709 M +232 M 369 615 M +246 M OUTLOOK Stronger focus on profitable growth and competitiveness 2014/15 2015/16 2014/15 2015/16 12
GROSS AND NET LIQUIDITY 776 796 FISCAL YEAR 2015/16 Sound financial base with financial leeway for the entire Group 568 374 568 M Gross liquidity Net liquidity OUTLOOK ZEISS is focusing sharply on how to strategically supplement the portfolio through further investments and acquisitions 30 September 2015 30 September 2016 13
EQUITY AND PENSION PROVISIONS 1,719 FISCAL YEAR 2015/16 Equity ratio at 25 percent 1,357 1,483 1,416 1,719 M +16% Pension provisions Equity OUTLOOK Further drops in interest rates can lead to a further increase in pension provisions ASML s minority stake will have a positive effect on ZEISS equity 30 September 2015 30 September 2016 14
Overall outlook for 2016/17 Economy Measures Opportunities Forecast Megatrends promote business development Moderate global economic growth Pace of growth differs from one emerging economy to another Increase in competitiveness Greater customer focus with market-shaping innovations Reduced costs of goods manufactured and operational cost structures Need for innovative solutions in: Digitalization and Smart Production Health care Slight growth in revenue Comparable EBIT margin Options for acquisitions and large investments are consistently pursued ZEISS Group, 2015/16 Annual Press Conference 16 December 2016 15
Contact details If you have any questions, please do not hesitate to contact us. Jörg Nitschke Corporate Communications Phone: +49 (0)7364 20-3242 Email: joerg.nitschke@zeiss.com ZEISS Group, 2015/16 Annual Press Conference 16 December 2016 16
, 2015/16 Annual Press Conference 16 December 2016