© Copyright Jenoptik, All rights reserved.

Experts in

PHOTONICS

USA Investor Seminar / LEG ThuringenRochester, NY

November 2015

Jenoptik Investor Relations 22

Disclaimer

This presentation 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 development or the performance of the company to be materially different from the announced forward-looking statements. Such factors can be, among others, changes in currency exchange rates and interest rates, the introduction of competing products or the change of the business strategy. The company does not assume any obligation to update such forward-looking statements in the light of future developments.

Jenoptik Investor Relations 3Jenoptik - a global optoelectronics player

Jenoptik – a global optoelectronics player Results of 1st half-year 2015 Growth strategy and outlook Appendix

Jenoptik Investor Relations 4

Photonics – the key enabling technology of the 21st century

Photonics = Key enabling technology of the 21st century for many industries and service areas (e.g. machine industry, plant construction, automotive industry, medical or environmental engineering).

Enables more efficient and sustainable production technologies, faster and better production processes as well as new applications (e.g. for lasers, LEDs, photovoltaics, data processing, diagnosis and therapy).

Is the generation, emission, transmission, modulation, signal processing, switching, amplification, and detection/sensing of light.

Is contributing to prosperity and creating new jobs.Almost 150,000 people are working in the photonics industry.

Photonics market is expected to grow to approx. 615 billion euros by 2020 (2013: approx. 400 billion euros)

Source: Photonik Branchenreport 2013

Jenoptik Investor Relations 55

A long tradition of innovation in optoelectronics

1998 - 20061992 - 1998 2007 - 2009 since 2010…

“Workshop for precision mechanics and optics”

1846 1946

The Zeiss plant in Jena, converted into state property

1989 - 1991

IPO 1998

Acquisition of companies to open up new sales channels

Flexible GmbH structures to enable joint ventures, cooperations and sale of companies

Sale of Clean Systems Technologies business

Implementationof new divisional organization

Unified worldwide brand

Portfolio restructuring

Sales growth

Founded in Jena by Carl Zeiß

State property

German Reunification

New Businesses

Flexibility Consolidation/restructuring

Sustainable profitable

growth

CAGR: ca. 5%

1312111009 14

Zeiss Jena has 69.000 employees

Formation of Jenoptik GmbH

Internationalization

From component to system supplier

Jenoptik Investor Relations 6

Defense &Civil Systems

TrafficSolutions

IndustrialMetrology

Optical Systems

Laser & Optical Systems Highest contribution to group revenue in 2014

Lasers & Material Processing

Group

Lasers & Optical Systems

Metrology Defense &Civil Systems

Technology competence in optoelectronics,joint use of distribution networks and shared services

Revenue 2014: 590.2m €EBIT 2014: 51.6m €

As at 31.12.2014

31.3% of revenue 28.9% of revenue39.2 % of revenue

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Share of revenue generated abroad rose to 64% in 2014;Strongest growth in the Asia/Pacific region

Revenue by region (prior year figures in brackets)

Middle East/Africa

(38%)

(20%)

(10%)

(7%)

(25%)

Germany

Americas

Asia/Pacific

Europe

Automotive/Maschine constructionOther

Medical technology

Semiconductor equipment industry

Aviation/TrafficDefense & Security technology

(28%)

(22%)(22%)

(12%)

(10%)

(6%)

Revenue by target market(prior year figures in brackets)

Strong growth in Asia by 40.9%, decline in Americas due to transfer of projects to Asia and weaker demand from the automotive industry

Share of revenue generated in major target regions Asia and Americas rose to 31.9% (prior year: 29.4%)

Substantial increase in medical technology Automotive/machine construction remains

most important market

Jenoptik Investor Relations 8

Expanding business activities in the Americas and Asia/Pacific are necessary to propel Jenoptik’s growth and to become a global player

Double-digit growth rates in Americas and Asia/Pacific

63 70 76110 117 104

124

CAGR+12%

141312111009

36 47 56 69 6084 82

CAGR+ 15%

CAGR+1%

Europe incl. Germany

Asia / PacificAmericas

LTM

361 360 388 359 379 370 386

141312111009 LTM

141312111009 LTM

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Leading market positions – on a global scale

High-powerdiode lasers

Global top 3supplier

Lasers for retina treatment in

ophthalmologyGlobal #1

Laser perforation for airbag solutions

Global #1

High-end micro-optics for the

semiconductor industry

Global #1

High-precision 2D optical metrology

systems in the automotive

industry

Global #1

Traffic safety equipment

(speed and redlight enforcement)

Global #1

Jenoptik Investor Relations 1010

Lasers & Material Processing DivisionAmong the world’s top 10 in laser business

Key competencies and highlights

Laser Systems Leading manufacturer of thin-disk lasers, e.g. for medical use Global No.1 in retina treatment in ophthalmology

Fiber lasers (very energy-efficient) and diode direct systems

Control of technological chain time to market, flexibility

Diode Lasers Diode lasers are the most efficient artificial light source Jenoptik is one of the top 3 global suppliers of high-power diode lasers Application: e.g. pumping of lasers, esthetics (e.g. hair removal)

Laser Processing Systems Global No.1 for laser airbag perforation, 200 systems sold Laser machines for 3D-metal and plastics processing

Base material

Diode Lasers

Laser systems

Laser proc. systems

Jenoptik Investor Relations 1111

Optical Systems DivisionLeading global provider of integrated optical systems

Key competencies and highlights Complete product range of optics, micro-optics and optoelectronic

systems = enabler for system partners Development, prototyping, ramp-up also for large volume production

within short time Leading in optics design, highest quality

Optics One of the world’s top suppliers of high-quality optical systems and

precision components, used e.g. in semiconductor equipment and security industry

Microoptics No.1 for design, development and production of high-end microoptics,

used in the semiconductor equipment industry

Optoelectronic Systems Combination of plastic optics with electronic components for a wide

range of applications, e.g. in medical technology or automotive industry, digital imaging (microscopy)

Jenoptik Investor Relations 12

Global Footprint of Optical Systems Division

Internationalization StrategyOptical Systems Division Infrastructure Development

West Coast

• Sales & Marketing: Worldwide• R&D, Manufacturing: German and US High Tech Locations• Sourcing: Fully developed Asian supply chain

JupiterHuntsville

Israel

India

China

South Korea

Japan

Singapore

2015

Jenoptik Investor Relations 13

■ 140 employees

■ 7 PhD’s Optics, Mechanical

■ 8 MS Optics, Mechanical, EE

■ 16 Bachelors Level Engineers

■ ITAR Registered

■ ISO 9001:2008 certified

■ ISO 13485 for Medical Device Design and Manufacturing (in-process)

■ Productso Camera systemso Projection systemso Electro-optical modules

13

Jupiter, FL – 70,000 square feet

JENOPTIK Optical Systems DivisionUS Operations – 12.75% CAGR for past 10 years

Huntsville, AL – 30,000 square feet

Jenoptik Investor Relations 14

Optics for Consumer Electronics & ICT – Internet of Things Application Examples & Product Offerings

Augmented / Virtual Reality &Human Interface Devices (HID) (e.g., Microsoft XBoxKinect, HoloLens, Gesture control)

Fiberoptics (micro lenses/micromirrors) &customized LEDs

polymer optics Optoelectronic

modules (micro sensors, cameras, micro actuators..)

Back illuminationmodules

gratings

VIS & NIR DOE’s Laser modules &

and Optoelectronic modules

Microsensors, cameras, microactuators

MOEMS

Diffusers (DOE, MLA)

Projection optics Lightsource MOEMS

Head-Up Displays (HUD) (e.g., gaming, infotainment, automotive, avionics)

• Specialized Sports-, fitness-, training devices for cycling, hiking, golfing, boating..

• Biosensors• Smart textiles

PICO PROJECTOR 3D-IMAGING

3D-Imaging Devices(e.g., Plenoptic / Light-field cameras)

Microlens-Array (MLA)

Projection Opticsmodules

Microlens array (MLA)

Imaging optics, objectives

Micro scanneringand imagingmodules

High-End Laser ProjectorsLaser Pico-ProjectorsProjected laser keyboard

HUDHUMAN-MACHINE INTERACTION: WEARABLES / ARVR SENSORS

MOEMS DOE’s and

Microlens-Array (MLA)

Micro scanning andimaging modules

Optical microbenches

Light coupling andlight guidemodules

Ambient & Environmental sensors (e.g., monitors for air quality, ambient light, presence, position..)

CE&ICT : INTERNET OF THINGS

Jenoptik Investor Relations 15

Telecom

High Speed Transceiver Used throughout all

networks:- Long haul- Metro- Data Center

9 JO-Micro-Lenses per transceiver

Jenoptik Investor Relations 1616

Key competencies and highlights

Industrial Metrology DivisionLeading manufacturer of high-precision metrology systems

We profit from various trends in the automotive area to reduce fuel consumption and CO2 emission and make engines more efficient, e.g. Down sizing Hybrid drives (complex gear boxes) More efficient and complex power trains

Complete technology portfolio and knowledge of all production stages -can offer our customers the best solution for any measurement task

Broad global presence

Optical metrology One of the world market leader for optical metrology for rotation-

symmetrical parts, e.g. crankshafts, camshafts Fast and flexible measurement Cross-divisional know-how in optoelectronics = competitive advantage

Jenoptik Investor Relations 17

Product Design Example – Bore inspectionHommel Etamic IPS100

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Key competencies and highlights More than 25,000 installed systems in more than 80 countries Supplier for the whole process chain of traffic law enforcement;

able to realize large and most complex projects around the globe Only supplier of all sensor technologies used in modern traffic monitoring

Traffic Solutions DivisionGlobal market leader for traffic safety equipment

Service Provision Operation of complete traffic law enforcement programs (traffic

analyses, financing, installation, operation, maintenance, violation processing, ticket issuing and customer service)

Equipment Global No 1 for mobile and stationary traffic safety equipment More installed systems than next three competitors together;

no competitor is represented in so many markets 2014: Kuwait, Netherlands, Singapore Acquisitions in Australia and Netherlands to expand business Acquisition of Vysionics in November 2014

Jenoptik Investor Relations 1919

Key competencies and highlights

Defense & Civil Systems DivisionLong-term stable, profitable and cash-generating business

Growing need for security and higher energy demand in all military vehicles Development of international business, e.g. Jenoptik Defense Inc. in USA Growing share of products for civil markets (e.g. energy systems) and

internationalization help to compensate for budget cuts in defense area

Energy & stabilization systems Energy systems with leading power density - save weight and volume Order to equip military vehicles (stabilization and energy systems) Order e.g. from Hyundai Rotem to deliver gensets for passenger trains Major order to deliver energy systems for Patriot missiles defense system

Aviation Systems Eurofighter radomes Airbus A380: supply of trolley lift systems

Sensor systems Premium supplier of optical information systems and sensors NYXUS BIRD thermal imager (lightweight, day/night vision) and laser

rangefinders „Innovation Award“ from Draeger as key supplier for “worldwide best

Thermal Imaging Cameras for fire fighting”

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Defense productsElectro-optical assembliesCompact Handheld Laser Rangefinders

1.55 micron Diode-Laser Rangefinder DLEM SRUltra-compact rangefinder module

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Synergies between divisions as well as megatrendsdrive Jenoptik’s business in different markets

Medical Technology

Defense & Security

Automotive & Machine

Construction

Semi-conductor

Mega TrendsMarkets

Industrial Metrology

Defense & Civil Systems

Traffic Solutions

Jenoptik

Health

Mobility & Efficiency

Infrastructure

Digital World

Security

Traffic /Aviation

Know how & products

Lasers & Material

Processing

Optical Systems

Jenoptik Investor Relations 22Jenoptik - a global optoelectronics player

Jenoptik – a global optoelectronics player Results of 1st half-year 2015 Growth strategy and outlook Appendix

Jenoptik Investor Relations 23

Continued challenging economic environment Subdued demand from the

semiconductor equipment industry, slight improvement at end of Q2

Export restrictions on national and European level continue to apply

Higher degree of skepticism regarding economic development in Europe due to crisis in Greece

Political developments in the Ukraine and Russia as well as in the Middle East remain uncertain

External impacts on the business development

Major events in the Jenoptik Group Successful integration of the companies

acquired in 2014 Major order to supply energy systems

for the Patriot missile defense system partially invoiced

Long-term group financing was restructured at more favorable conditions

Divisional structure will be realigned more closely to markets

New Chief Financial Officer and new Chairman of the Supervisory Board

Good development of business in the first half-year 2015

Jenoptik Investor Relations 24

About 68 percent of revenue generated abroad;Substantial revenue growth in Americas

Revenue by region(as at 30.6.2015 / prior year figures in brackets)

Middle East/Africa

31.5%

30.1%

21.2%

12.1%5.1%

(35.3%)

(16.5%)

(14.4%)

(5.7%)

(28.0%)

Germany

Americas

Asia/Pacific

Europe

Revenue in Americas grew by more than 43% to 67.1 million euros as a result of higher demand in the automotive area, project-related settlements in the Lasers & Optical Systems and Defense & Civil Systems segments as well as currency effects

Revenue share in the strategic focus areas of Americas and Asia/Pacific rose organically to 33.3% (prior year 30.3%)

Revenue in Europe rose primarily due to the acquisitions in the traffic safety area

Jenoptik Investor Relations 25

Jenoptik continued positive revenue development also in second quarter and created sound basis for annual targets

Revenue in million euros

Highest revenue in a quarter and half year over the last years In particular Metrology and Defense & Civil Systems segments reported growth

Revenue increase in Q2/2015 compared to same quarter in prior year: +16.5%

136.9 146.3

283.2

136.9170.1

145.8170.4

316.1

0

100

200

300

400

500

Q1/14 Q2/14 H1/14 Q3/14 Q4/14 Q1/15 Q2/15 H1/15

+11.6%

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EBITDA increased at a higher rate than revenue in the first half-year 2015

EBIT in million euros

Strongest quarter and half-year in terms of earnings in the last years

EBIT affected by: Rise in revenue, changed revenue mix

and settlement of a major project in the Defense & Civil Systems segment

EBIT margin in Q2 at 10.5% (prior year 9.2%)

10.5 13.4

24.0

13.8 13.88.7

17.8

26.6

0

10

20

30

40

50

Q1/14 Q2/14 H1/14 Q3/14 Q4/14 Q1/15 Q2/15 H1/15

+10.8%

EBITDA in million euros

14.819.5

34.2

19.8 22.015.8

22.9

38.7

0

20

40

60

Q1/14 Q2/14 H1/14 Q3/14 Q4/14 Q1/15 Q2/15 H1/15

+13.1%

At 22.9 million euros EBITDA in Q2 markedly higher than in previous year (prior year 19.5 million euros) and prior quarter (Q1/2015: 15.8 million euros)

EBITDA margin 12.2% (prior year 12.1%) EBIT margin 8.4% (prior year 8.5%)

Jenoptik Investor Relations 27

Income Statement: Earnings before and after tax higher than in prior year

Gross margin reduced in part due to changed revenue mix

Functional costs rose, among other things due to continuing expansion of international activities and key group functions as well as first-time consolidations

Exchange rate gains bolstered financial result; combined with the higher EBIT this also resulted in higher earnings before tax

Cash-effective tax rate of 16.0% (prior year 11.9%)

In million euros H1/2015 H1/2014

Revenue 316.1 283.2

Gross margin 34.6% 35.2%

Functional costs 87.4 78.0

EBITDA 38.7 34.2

EBIT 26.6 24.0

Financial result 1.9 3.2

Earnings before tax 24.7 20.7

Earnings after tax 20.1 17.9

Earnings per share (euro) 0.35 0.31

Jenoptik Investor Relations 28

Continuing high order backlog provides good conditions for achieving targets

Order intake in million euros

Order backlog in million euros

Order intake in 1st half-year 2015 higher than in prior year

Significant rise in Metrology segment

Major order to equip Patriot missile defense system

Order intake higher than half-year revenue;in spite of strong increase in revenue the book-to-bill ratio was at 1.06 (prior year 1.11)

Order backlog increased by about 10 million euros over the figure at year end 2014

Approx. 54% of the order backlog will be recognized as revenue in the present fiscal year

Orders received as well as well-filled project pipeline create good conditions for growth in the coming quarters

314.5 333.7

0

100

200

300

400

H1/2014 H1/2015

422.5 432.2

0

100

200

300

400

500

Dec 31, 2014 June 30, 2015

+ 6.1%

+ 2.3%

Jenoptik Investor Relations 29Jenoptik - a global optoelectronics player

Jenoptik – a global optoelectronics player Results of 1st half-year 2015 Growth strategy and outlook Appendix

Jenoptik Investor Relations 30

Targets for 2015 reaffirmed

Target: Jenoptik will see return to successful growth

Good order and project pipeline in all three segments Postponed project for defense technology

received Acquisitions in the traffic safety sector

with positive effects Growth momentum in our markets,

now also in automotive sector Opportunities resulting from above-average

growth in Americas and Asia/Pacific

Forecast 2015*

Revenue between 650 and 690 million euros

EBIT margin between 8.5 and 9.5 percent

Group development projects will positively impact on quality of earnings

Above-average growth in EBITDA

*This is based on the prerequisite that the political and economic framework conditions will not deteriorate; this includes in particular export restrictions, regulations at European level; the conflict between Russia and Ukraine as well as other disruptions in the euro zone.

Jenoptik Investor Relations 31

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

EBIT margin of 910 percent over the cycle

„From Good to Great“

External factors may affect development:

Economic trend Export restrictions in Germany Uncertainty regarding the developments in

Ukraine/Russia and Middle East continues

However, positive development in Asia and US expected; Europe (incl. Germany) remains under pressure due to economic development, possible turbulences in the euro zone as well as the political situation in Eastern Europe

… to 2018

Jenoptik Investor Relations 3232

One of the leading global players in the optoelectronics marketwith stable growth and excellent growth opportunities

1. One of the leading globally operating companies in the Photonics market

2. Innovative solutions that make our customers more efficient and enable new cutting edge products

3. Benefiting from sustainable mega trends in diversified target markets

4. Exciting growth opportunities through further internationalization

5. Strong financial track record and stable organic growth

Investment highlights

Jenoptik Investor Relations 33336th JO Management Workshop_LM_2012 v01 tf.ppt 2011-09-222nd Workshop_USA_Asia_27Sep11_v01.ppt 2011-09-22 33332012-02-26 332012-02-13 33