Basler Ag · XETR:BSL

Basler — 9M 2015 Earnings Presentation

23 slides from Basler's earnings presentation, Nov 4, 2015

  1. Slide 1: Nine Month Results 2015

    Nine Month Results 2015 November 4th, 2015 Dietmar Ley (CEO) Public | © Basler AG

  2. Slide 2: Disclaimer

    Disclaimer This document includes forward looking statements on Basler AG, its subsidiaries and associates, and on the economic und political conditions that may influence the business performance of Basler AG. All these statements are based on assumptions made by the Executive Board using informati

  3. Slide 3: Agenda

    Agenda  Review  Financials  Share  Outlook Public | © Basler AG 03.11.2015 3

  4. Slide 4: Highlights Nine Month Results 2015 (1/2)

    Review Nine Month Results 2015 Highlights Nine Month Results 2015 (1/2)  We assume that we have further gained market share with a revenue growth of 9%. Market study benchmark missing.  The right step towards stabilizing gross margins: Our gross margin increased by 1.5%-points compared to Q2-2015

  5. Slide 5: Highlights Nine Month Results 2015 (2/2)

    Review Nine Month Results 2015 Highlights Nine Month Results 2015 (2/2)  Successfully started the mass production of our entry level camera series pulse  USB3 product further ramped-up – particularly the ace models and the dart with CMOS sensors  Increasing demand for recently launched Basler len

  6. Slide 6: Agenda

    Agenda  Review  Financials  Share  Outlook Public | © Basler AG 03.11.2015 6

  7. Slide 7: Revenues & Order Entry

    Revenues & Order Entry By Quarters Order Entry € 20.4 mill. 20,000 K€ Revenues € 22.1 mill. 15,000 K€ . 10,000 K€ Revenue [K€] Order Entry [K€] 5,000 K€ 0 K€ Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2013 2014 2015 Public | © Basler AG 7

  8. Slide 8: Gross Profit (IFRS)

    Gross Profit (IFRS) Absolute and by Percentage 14,000 K€ 60% 52.0% 50.3% 52.3% 50.9% 53.5% 50.1% 51.0% 47.0% 49.0% 47.6% 12,000 K€ 49.1% 50% 10,000 K€ 40% 8,000 K€ 30% 6,000 K€ Gross Profit [K€] 20% Gross Profit [%] 4,000 K€ 2,000 K€ 10% 0 K€ 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2013 2014 2015 Public

  9. Slide 9: Earnings Before Tax

    Earnings Before Tax Absolute and by Percentage 4,500 K€ 24% 4,000 K€ 18.4% 18.2% 3,500 K€ 19% 13.5% 14.3% 3,000 K€ 12.2% 12.0% 12.1% 10.5% 14% 2,500 K€ 11.1% 10.8% 2,000 K€ EBT [K€] 7.0% 9% 1,500 K€ EBT [%] 1,000 K€ 4% 500 K€ 0 K€ -1% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2013 2014 2015 Public | © Basler

  10. Slide 10: Free Cash Flow

    Free Cash Flow By Quarters 4,000 K€ 3,000 K€ 2,000 K€ 1,000 K€ 0 K€ -1,000 K€ -2,000 K€ Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2013 2014 2015 Public | © Basler AG 10

  11. Slide 11: Profit & Loss KPIs

    Profit & Loss KPIs 9 Months Results 2015 vs. 2014 9 Months 9 Months +/- 2014 2015 Order Entry 61.0 62.0 +2% Sales 60.7 66.3 +9% Gross Profit 31.1 32.2 +4% EBIT 11.0 9.1 -17% EBT 9.8 8.5 -13% Net Income 7.4 6.0 -19% EPS* 2.30 1.89 -18% *All numbers other than EPS in € mill., EPS in € Public | © Basle

  12. Slide 12: Regional Revenue Breakdown

    Regional Revenue Breakdown 9 Months Results 2015 20% 44% 36% *as of September 30, 2015 Public | © Basler AG 03.11.2015 12

  13. Slide 13: Cash Flow & Liquidity

    Cash Flow & Liquidity 9 Months Results 2015 vs. 2014 9 Months 9 Months +/- 2014 2015 Cash, b.o. period 9.7 12.8 +32% Cashflow from Operations 10.7 7.7 -28% Cashflow from Investments -5.6 -7.2 +29% Free Cashflow 5.1 0.5 - Cashflow from Financing -2.5 -1.4 -44% Cash, e.o. period 12.3 11.9 -3% *All num

  14. Slide 14: Net Cash

    Net Cash Net Cash e/o September 2015 vs. e/o December 2014 Dec. Sept. +/- 31st, 30th, 2014 2015 Liabilities to banks -8.2 -7.8 -5% Cash & Cash equivalents 12.8 11.9 -7% Net Cash 4.6 4.1 -11% *Numbers in € mill. Public | © Basler AG 03.11.2015 14

  15. Slide 15: Personnel & Hires

    Personnel & Hires New hires and distribution by function PRODUCTION 24% Created 50 new fulltime equivalent jobs in the first 9 months 2015 SALES & MARKETING 446* 31% ADMINISTRATION R&D 20% 25% *446 fulltime equivalent jobs as of September 30, 2015 Public | © Basler AG 03.11.2015 15

  16. Slide 16: Agenda

    Agenda  Review  Financials  Share  Outlook Public | © Basler AG 03.11.2015 16

  17. Slide 17: Basler Share HY1 2015

    Basler Share HY1 2015 Basler Share versus TecDax Public | © Basler AG 03.11.2015 17

  18. Slide 18: Company Profile: Basler Share

    Company Profile Basler Share *as of September, 2015 Public | © Basler AG 05.08.2015 | Verena Fehling 18

  19. Slide 19: Agenda

    Agenda  Review  Financials  Share  Outlook Public | © Basler AG 03.11.2015 19

  20. Slide 20: Outlook: Macro Environment

    Outlook Macro Environment  Fourth quarter to be slower due to normal seasonal effects  Macro-economic uncertainties are assumed to have limited business effects  Strong US Dollar will lead to positive margin effects, subdued by natural hedge  Stable Japanese Yen anticipated Public | © Basler AG

  21. Slide 21: Outlook: Mid-term critical success factors

    Outlook Mid-term critical success factors  Further expand market leadership in Gigabit- Ethernet camera market  Further ramp up USB3 product line & leverage early-mover advantage  Successfully ramp-up new products: Basler dart, Basler pulse, new Basler ace models and Basler lenses  Leverage larg

  22. Slide 22: Outlook: 2015 Guidance unchanged

    Outlook 2015 Guidance unchanged  Sales € 81 – 84 mill.  EBT-Margin 9 – 10 %  Positive free cash flow Public | © Basler AG 03.11.2015 22

  23. Slide 23: Questions & Answers

    Questions & Answers [email protected] Phone +49 4102 463 101

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