Bechtle Ag · XETR:BC8
Bechtle — Q3 2013 Earnings Presentation
18 slides from Bechtle's earnings presentation, Nov 14, 2013
Slide 1: Q3 and 9M FY2013
Your strong IT partner. Today and tomorrow Q3 AND 9M FY2013 Bechtle AG Neckarsulm, 14 November 2013
Slide 2: Agenda
AGENDA. Economic Conditions Corporate Development Bechtle Share News and Updates Forecast for 2013 2 | Bechtle AG | November 2013
Slide 3: General Conditions Q3 2013
GENERAL CONDITIONS. Q3 2013 Macroeconomy. General economic downturn in EU halted, but development still slow. GDP growth in Bechtle countries fluctuating between −0.1 % and +0.7 %. Economic growth in Germany slowing; GDP increased by 0.3 % in Q3 after growth of 0.7 % in Q2. Sector. PC sales do
Slide 4: Group Revenue Development
GROUP REVENUE DEVELOPMENT. 2013 vs. 2012 by quarter 2012 2013 +7.2 % +5.4 % +4.7 % +11.4 % 1.591 1.485 488 514 495 519 502 559 Q1 Q2 Q3 9M [€m.] Excellent revenue growth in Q3. 4 | Bechtle AG | November 2013
Slide 5: Revenue Development by Region
REVENUE DEVELOPMENT. By I region: Q3 2013 vs. Q3 2012 +11.4 % Q3 2012 Q3 2013 +14.5 % +3.9 % 502 559 354 406 147 153 Domestic Abroad Total [€m.] Significant upwards economic trend in German domestic market. 5 | Bechtle AG | November 2013
Slide 6: Revenue Development by Segment
REVENUE DEVELOPMENT. By I segment: Q3 2013 vs. Q3 2012 +11.4 % Q3 2012 Q3 2013 +14.6 % +4.9 % 502 559 336 385 166 174 IT system house & IT e-commerce Total managed services [€ m.] German system houses drive growth (+16.7 %). 6 | Bechtle AG | November 2013
Slide 7: Group Gross Margin
GROUP GROSS MARGIN. Development since Q1 2010 15.8 15.3 15.3 14.9 14.8 15.1 15.0 14.7 14.8 15.2 14.1 14.4 13.5 13.5 13.8 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 [in %] High gross margin in Q3, above previous year's margin. 7 | Bechtle AG | November 2
Slide 8: Earnings Development by Segment
EARNINGS DEVELOPMENT. By segment: Q3 2013 vs. Q3 2012 Q3 2012 Q3 2013 +35.0 % EBT +65.5 % ‒2.1 % EBIT EBIT 24.7 18.3 17.0 10.3 8.3 8.2 IT-system house & IT e-commerce Total managed services [€ m.] Margin Margin Margin 3.1 % 5.1 % 3.7 % 4.4 % 4.7 % 4.4 % System house EBIT increases notably. E-commerc
Slide 9: Group Earnings
GROUP EARNINGS 2013 vs. 2012 by quarter +6.7 % 2012 2013 ‒16.0 % –2.5 % +35.3 % 51.2 54.6 25.2 17.2 18.6 14.5 15.4 15.0 Q1 Q2 Q3 9M [€ m.] Margin Margin Margin Margin 3.5 % 3.1 % 3.7 % 3.4 % 2.8 % 2.9 % 4.5 % 3.4 % EBIT shows solid growth over previous year's. 9 | Bechtle AG | November 2013
Slide 10: Group HR Development
GROUP HR DEVELOPMENT. Since Q1 2010 6,150 5,978 5,970 5,959 6,053 5,750 5,584 5,479 5,357 5,139 4,875 4,766 4,604 4,374 4,440 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Employment growth has slowed since Q3 2012. 10 | Bechtle AG | November 2013
Slide 11: News and Updates (1/3)
THE LATEST DEVELOPMENTS AT BECHTLE. News and updates (1/3) Further Success in Public Sector Division Bechtle won the tender for the German Bundeswehr again and was able to sign a contract with Dataport for the second time in a row. Following the recent mobile equipment contract, Bechtle has now
Slide 12: News and Updates (2/3)
THE LATEST DEVELOPMENTS AT BECHTLE. News and updates (2/3) Personnel. Citing personal reasons, Klaus Winkler stepped down as Chairman of the Supervisory Board on 31 October. Gerhard Schick will take his place. High Number of Trainees. In Germany, the percentage of trainees entering the market ro
Slide 13: News and Updates (3/3)
THE LATEST DEVELOPMENTS AT BECHTLE. News and updates (3/3) Cloud Computing. Bechtle launched Bechtle Secure Cloudshare, a secure business-class file-sharing platform, as an alternative to popular cloud services. Citrix names Bechtle Cloud Advisor. As of July 2013, Bechtle is the first German s
Slide 14: General Economic Conditions: IT Sector 2013
General Economic Conditions. IT sector 2013 Hardware Software Hardware Software Hardware Software -3.8 % +4.9 % +0.1 % +5.7 % -2.6 % +5.3 % €14.3 bn €18.1 bn €2.6 bn €4.2 bn €1.3 bn €1.8 bn +1.7 % +2.7 % +2.0 % €68.0 bn €14.6 bn €7.0 bn IT services IT services IT services +2.4 % +2.1 % +2.2 % €35.7
Slide 15: Forecast Financial Year 2013
FORECAST. Financial year 2013 Revenue. Bechtle will generate a significant increase in revenue in the single-digit range. Significant revenues from the EU tender will only appear in the Q4 reporting period at the earliest. Increased revenues also expected for Q4, however at a slower pace than
Slide 16: The Bechtle Share
THE BECHTLE SHARE. Performance 2.1.13 12.11.13 52 €30.93 €50.00 Market Figures (12.11.2013) 50 Market 1,050 million 48 capitalisation euros 46 44 Performance: 42 - Bechtle 61.7 % 40 - DAX 16.7 % 38 - TecDAX 33.6 % 36 - DAXsubsector 55.4 % 34 IT Services 32 30 Bechtle 28 TecDAX (indexed) DAXsubsector
Slide 17: Any Questions?
Your strong IT partner. Today and tomorrow ANY QUESTIONS?
Slide 18: Contact
Your strong IT partner. Today and tomorrow Contact: Corporate Communications Sabine Brand Tel.: +49 7132 981-4115, [email protected] Investor Relations Martin Link Tel.: +49 7132 981-4149, [email protected]