Press Conference 1st Half Year 2007/08

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2 Press Conference 1st Half Year 2007/08 Carl Zeiss Group Stuttgart, 29 May 2008 Grafik/Bild bitte in der Größe/Position des hellgrauen Feldes einfügen Dr. Dieter Kurz President & CEO Dr. Michael Kaschke CFO Page 2

3 Customized Solutions from Carl Zeiss for a Wide Diversity of Customer Requirements Medical Systems: Plastic surgery for an icon of modern art Surgical microscopes from Carl Zeiss are not only a valuable tool for surgeons, but also for art restorers. One example is the preservation of Edvard Munch's famous painting "The Scream" using an OPMI Pentero. After the painting was stolen in 2004, the Munch Museum in Oslo was able to make it accessible again to the public in May Industrial Metrology: Precision speeds up Formula 1 racing cars Precision and customized development are vital for cars racing in motorsports series such as Formula 1. Any inaccuracy in the manufacture of the car body may cost precious seconds, as this would increase air resistance. Nearly all Formula 1 teams rely on measuring technology from Carl Zeiss to build precise car bodies and make their racing cars even faster. Carl Zeiss Vision: Individualized optimization for everyone A unique method helps eyeglass wearers to see naturally. Opticians determine the necessary lens power using "subjective refraction" - with direct light and contracted pupils. However, complex visual defects only occur with dilated pupils, e.g. at night. Carl Zeiss has developed a technology which simulates this situation. i.scription optimizes eyeglass lenses for each wearer - far beyond the dioptric power.. Page 3

4 Positive Trend Carl Zeiss Group Achieves Good Results in the First Six Months of 2007/08 in EUR million 1st half year 2007/08 1st half year 2006/07 Change in percent Incoming orders 1,975 1,324 3% (calculated on a comparable basis) Sales revenues 1,451 1,303 11% (adjusted for currency influences: 14%) EBIT (Earnings before Interest and Taxes) % (adjusted for currency influences: 32%) Net income % EVA (Economic Value Added) % Employees (Headcount excl. trainees) 12,844 11, % Page 4

5 Internationally Successful Sales Revenues Remain at a High Level Worldwide Shares in percent (31 March 2008) Europe EUR 981 million Change over previous year: + 12% 67% including in Germany EUR 219 million + 3% Americas EUR 256 million + 7%* 18% 13% 15% Others EUR 28 million + 50% 2% Asia EUR 186 million + 34%* * Adjusted for currency influences at previous year's exchange rates Page 5

6 Sales Revenues Increase to EUR 1,451 Million in the First Six Months of 2007/2008 Medical and Research Solutions Industrial Solutions Lifestyle Products Medical Systems Microscopy Semiconductor Technology Industrial Metrology Consumer Optics/ Optronics Carl Zeiss Vision (interest) Revenues EUR 322m EUR 168m EUR 610m EUR 189m EUR 146m EUR 447m + 2%* + 4%* + 16%* + 21%* + 22%* + 4%* + 7%** + 9%** + 16%** + 26%** + 24%** + 9%** * Over previous year ** Adjusted for currency influences over previous year Page 6

7 Semiconductor Technology Group Sales revenues in EUR million 1, EbIT: positive %* 1st HY 2006/07 Fiscal year 1st HY 2007/ /07 * over 1st HY 06/07 (adjusted for currency influences) Employees (FTE) 2,347 2,496 2,605 Enabling the Nano-Age World Page 7

8 Semiconductor Technology Close to the Customer Demo centers opened in Singapore and Peabody The Semiconductor Technology Group has strengthened its presence in the Asian and American regions. The Carl Zeiss Advanced Imaging Center in Singapore and the Carl Zeiss Nano Solutions Center in Peabody, Massachusetts (USA) expand the business group s on-site service: customers can test systems such as scanning electron microscopes or the ORION helium-ion microscope in the demo centers. Page 8

9 Medical Systems Group Sales revenues** in EUR million EbIT: positive %* 1st HY 2006/07 Fiscal year 1st HY 2007/ /07 * over 1st HY 06/07 (adjusted for currency influences) Employees** (FTE) 2,423 2,467 2,687 Healthcare in Focus ** The values deviate from the published figures of Carl Zeiss Meditec AG as a result of different consolidation models. Page 9

10 Medical Systems - Small Lens with a Big Effect Intraocular lenses prevent avoidable blindness Intraocular lenses from Carl Zeiss replace the natural lens of the cataract eye, thus restoring the patient's vision and quality of life. The lenses are implanted through an incision of only 1.5 millimeters which does not even need to be sutured. At the same time, the special optical design of certain intraocular lenses also enables the correction of visual defects such as myopia, hyperopia or presbyopia. Page 10

11 Microscopy Group Sales revenues in EUR million %* 1st HY 2006/07 Fiscal year 1st HY 2007/ /07 * over 1st HY 06/07 (adjusted for currency influences) EbIT: positive Employees (FTE) 1,706 1,758 1,807 Resolution to Succeed Page 11

12 Microscopy Maximum Flexibility Carl Zeiss sets new standards in fluorescence microscopy The LSM 710 laser scanning microscope offers new features for biomedical research. It is currently the only microscope which can image up to ten fluorescence dyes simultaneously. The system makes it possible to investigate cellular changes which lead to strokes or Alzheimer's disease. Page 12

13 Industrial Metrology Group Sales revenues in EUR million %* 1st HY 2006/07 Fiscal year 1st HY 2007/ /07 * over 1st HY 06/07 (adjusted for currency influences) EbIT: positive Employees (FTE) 1,454 1,509 1,697 Visible Productivity Page 13

14 Industrial Metrology A New Market Segment Industrial metrology for the medical manufacturing industry Carl Zeiss is opening up a new market segment for industrial metrology: the medical manufacturing industry. In this sector, ZEISS measuring systems are used in many applications where the quality of intricate components must be measured rapidly, precisely and reliably. Page 14

15 Consumer Optics/Optronics Group Sales revenues in EUR million %* 1st HY 2006/07 Fiscal year 1st HY 2007/ /07 * over 1st HY 06/07 (adjusted for currency influences) EbIT: positive Employees (FTE) 1,156 1,504 1,479 A Vision of Excellence Page 15

16 Consumer Optics/Optronics Binoculars Measure Distances Binoculars with additional functionality The new Victory RF binoculars provide superb image quality. The integrated laser rangefinder delivers precise information on distances up to 1200 meters at the press of a button. This makes these binoculars a perfect companion for hunting, sailing or hiking. Page 16

17 Carl Zeiss Vision Revenues Continue to Increase Sales revenues of Carl Zeiss Vision International GmbH** in EUR million %* * over 1st HY 06/07 (adjusted for currency influences) 1st HY 2006/07 Fiscal year 1st HY 2007/ /07 Focus your Eyes ** Not consolidated in the financial statement of the Carl Zeiss Group Page 17

18 Carl Zeiss Vision Better Vision A new generation of ZEISS progressive lenses The new GT2 3D progressive lenses provide exceptional depth perception and natural vision. The key to this improvement is larger transition zones between the near and distance ranges. Thanks to natural 3D vision, eyeglass wearers require only a minimum familiarization period. Page 18

19 Investment in the Future High Expenditure on Research and Development Strengthens Innovative Power EUR million Carl Zeiss generates more than 60 percent of its revenues with products not older than five years % %* % 0 1st HY 2006/07 Fiscal year 1st HY 2007/ /07 * % of revenues Page 19

20 Investments in Property, Plant and Equipment Remain at High Level EUR million 150 Investment in property, plant and equipment Depreciation of property, plant and equipment st HY 2006/07 Fiscal year 1st HY 2007/ /07 Page 20

21 Further Increase in Equity Ratio In % of the balance sheet total % 30% 32% Page 21

22 High Cash Flow Before Income Taxes Reflects Earning Power EUR million % %* % 0 1st HY 2006/07 Fiscal year 1st HY 2007/ /07 * % of revenues Page 22

23 Net Liquid Assets Continue to Increase Broad Scope of Action for Further Growth in EUR million Page 23

24 Outlook: Good Start Provides the Basis for Continued Success Carl Zeiss started fiscal year 2007/08 with the wind in its sails. The second half of the year will see a slowdown in the growth in revenues due to the downturn in the semiconductor industry. All other business groups are planning to continue their business at an unchanged level until September. Carl Zeiss makes innovation its top priority and will continue to invest in research and development as an essential prerequisite for market strength and success. The company is creating new jobs: in fiscal year 2007/08, the Carl Zeiss Group already recruited more than 360 employees, over half of whom were in Germany. Overall, Carl Zeiss expects good results for fiscal year 2007/08. Page 24

25 Thank you very much for your attention. Page 25

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