Bechtle Ag · XETR:BC8
Bechtle — Investor Presentation (September 2023)
33 slides from Bechtle's investor presentation, Sep 21, 2023
Slide 1: Bechtle AG – Company Presentation
Bechtle AG – Company Presentation Welcome. Paris | 21 September 2023
Slide 2: Contents
Contents. 1 Introduction to Bechtle AG. 2 Sustainability. 3 Business Development. 4 The Bechtle Share. 5 Current news. 6 2023 outlook. 21/9/2023 | Bechtle AG | Company Presentation 2
Slide 3: Introduction to Bechtle AG
1 Introduction to Bechtle AG. 21/9/2023 | Bechtle AG | Company Presentation 3
Slide 4: Bechtle at a Glance
Bechtle at a Glance. >14,000 employees 6.0 bn. € revenue in 2022 ENTREPRENEURIAL ONE STOP SHOP THINKING AND INTERNATIONAL APPROACH BEHAVIOUR DECENTRALISED STRUCTURE 70,000 WITH MORE THAN B2B and B2G CUSTOMERS 100 SUBSIDIARIES 21/9/2023 | Bechtle AG | Company Presentation 4
Slide 5: Bechtle AG – Business and responsibilities
Bechtle AG – Business and responsibilities. BECHTLE AG Chairman of the Executive Board: Dr Thomas Olemotz Central Divisions SEGMENT IT System House & Managed Services SEGMENT IT E-Commerce COO: Michael Guschlbauer COO: Jürgen Schäfer Bechtle Managed IT System Houses Specialists Bechtle direct Artico
Slide 6: Business Segment – IT System House & Managed Services
Business Segment – IT System House & Managed Services. Wholesaler: Consulting, procurement and services Widespread, regional coverage, even outside DACH Close to our customers with more than 85 locations Decentralised structure with high responsibility of local MDs Employees in 2022: 11,110 Services
Slide 7: Business Segment – IT E-Commerce
Business Segment – IT E-Commerce. Pure trading business Presence in 14 European countries with our brand Bechtle direct Cross-channel strategy: Digital reach with personal account management. Outbound oriented sales force Individual e-procurement services at bechtle.com Peripherals under our own bra
Slide 8: Nr. 1 Ranked System House in Germany
Nr. 1 Ranked System House in Germany. Revenue in Germany (in €m) RANK COMPANY 2022 1 Bechtle 3,731 2 T-Systems International 2,900 3 NTT Data 2,200 4 Computacenter 2,159 5 SVA System Vertrieb Alexander 1,557 6 Cancom 1,172 7 Software One 1,004 8 MSG Systems 903 9 ACP Gruppe 900 10 Adesso 729 … … … 3
Slide 9: Shareholder Structure – Long-term and independent anchor shareholder
Shareholder Structure – Long-term and independent anchor shareholder. Flossbach von Storch 5.15% Schick Family 35.02% incl. Gerhard and Ilse Schick Foundation: 3.57% AGI 5.00% DWS 4.95% Black Rock 4.07% Freefloat 45.81% Current of: December 2022, 126 million shares 21/9/2023 | Bechtle AG | Company P
Slide 10: Dividend – Above average rise a sign of confidence
Dividend – Above average rise a sign of confidence. in € cent +18.2% 65* 55 45 40 33 2018 2019 2020 2021 2022 * AGM proposal 21/9/2023 | Bechtle AG | Company Presentation 10
Slide 11: Vision 2030 – Integrate IT. Architect the future.
Vision 2030 – Integrate IT. Architect the future. We aspire to lead Growth and foresight We empower the market. underpin our success. business. We focus on IT markets where we can We are able to build a sound future for Bechtle by We understand our carve out a leading position. Our growth pursuing s
Slide 12: Sustainability
2 Sustainability. 21/9/2023 | Bechtle AG | Company Presentation 12
Slide 13: Sustainability Strategy 2030 – Four strategic areas of action
Sustainability Strategy 2030 – Four strategic areas of action. We fulfil our duty to ensure We operate in harmony with our We embody fairness and value We drive future-facing human rights are respected along environment to conserve our our business partners and digitalisation and contribute to our s
Slide 14: Sustainability Strategy 2030 – Selected actions and concrete targets
Sustainability Strategy 2030 – Selected actions and concrete targets. ETHICAL BUSINESS 2022. Enhanced supplier management and new Targets. Create a compliance handbook and reframe PRATICES. auditing procedures. our incident procedure until 2023. Introduce compliance training for all Promote employee
Slide 15: Bechtle Climate Protection Strategy 2030
Bechtle Climate Protection Strategy 2030 – Avoidance. Reduction. Compensation. Our Targets: • We achieve climate neutrality i.e. net-zero carbon emissions, largely through reductive measures by 2030. • We choose a three-pronged approach of avoidance, reduction and compensation with certified climate
Slide 16: Business Development
3 Business Development. 21/9/2023 | Bechtle AG | Company Presentation 16
Slide 17: Business volume – Growth remains high
Business volume – Growth remains high. in €m +15.8% +9.2% +12.4% 2022 2023 3,702 3,292 1,886 1,816 1,629 1,663 1st Quarter 2nd Quarter 1st Half-year 21/9/2023 | Bechtle AG | Company Presentation 17
Slide 18: Revenue – 1st half-year up significantly yoy
Revenue – 1st half-year up significantly yoy. in €m +11.6% +6.5% +9.0% 2022 2023 3,048 2,797 1,538 1,510 1,379 1,418 1st Quarter 2nd Quarter 1st Half-year 21/9/2023 | Bechtle AG | Company Presentation 18
Slide 19: Revenue – System House and Managed Services drives growth
Revenue – System House and Managed Services drives growth. +6.5% 6.5% in €m 1,510 1,510 1,418 1,418 525 -4.8% 586 +10.3% 552 531 IT E-commerce International IT SH & MS 985 +13.7% Germany 924 +4.3% 866 886 Q2 2022 Q2 2023 Q2 2022 Q2 2023 21/9/2023 | Bechtle AG | Company Presentation 19
Slide 20: EBIT – Half-year margin more or less at prior-year level
EBIT – Half-year margin more or less at prior-year level. in €m +7.5% +7.0% +7.2% 2022 2023 177.1 Margin 165.1 96.1 89.8 81.0 75.3 5.5% 5.3% 6.3% 6.4% 5.9% 5.8% 1st Quarter 2nd Quarter 1st Half-year 21/9/2023 | Bechtle AG | Company Presentation 20
Slide 21: EBIT – System House and Managed Services lifts yoy margin
EBIT – System House and Managed Services lifts yoy margin. in €m +18.3% -9.9% +7.0% Q2.2022 Q2.2023 Margin 96.1 89.8 63.8 53.9 35.9 32.3 6.2% 6.5% 6.5% 6.2% 6.3% 6.4% IT SH & MS IT E-commerce Group 21/9/2023 | Bechtle AG | Company Presentation 21
Slide 22: Operative cashflow – Significant improvement in inventories and trade receivables
Operative cashflow – Significant improvement in inventories and trade receivables. in €m 85.2 26.8 17.1 7.6 -75.3 Q2 2019 Q2 2020 Q2 2021 Q2 2022 Q2 2023 21/9/2023 | Bechtle AG | Company Presentation 22
Slide 23: Employees – Organic growth rather muted at 6.5%
Employees – Organic growth rather muted at 6.5%. +181 Employees +1,306 Employees +1.3% +9.9% 14,505 14,324 14,046 13,789 13,199 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 21/9/2023 | Bechtle AG | Company Presentation 23
Slide 24: The Bechtle share
4 The Bechtle share. 21/9/2023 | Bechtle AG | Company Presentation 24
Slide 25: Bechtle share – Volatile performance, yet a positive development overall
Bechtle share – Volatile performance, yet a positive development overall. 31/12/22 7/9/23 Performance (ytd) €33.06 €45.49 45 € Bechtle +37.6% DAX* +13.4% MDAX* +8.1% 40 € TecDAX* +6.5% * indexed 35 € 30 € J 23 F 23 M 23 A 23 M 23 J 23 J 23 A 23 S 23 21/9/2023 | Bechtle AG | Company Presentation 25
Slide 26: Current news
5 Current news. 21/9/2023 | Bechtle AG | Company Presentation 26
Slide 27: Bechtle intends to purchase the French IT system house Apixit
1 Bechtle intends to purchase the French IT system house Apixit. Apixit is a cybersecurity and IT infrastructure service provider headquartered in Les Ulis, near Paris. 21/9/2023 | Bechtle AG | Company Presentation 27
Slide 28: Bechtle acquires IT system house in Spain
2 Bechtle acquires IT system house in Spain. Bechtle has acquired the Spanish system house, Prosol, to broaden its Spanish portfolio and include IT services for the first time. 21/9/2023 | Bechtle AG | Company Presentation 28
Slide 29: Bechtle acquires IT consulting company, sastema
3 Bechtle acquires IT consulting company, sastema. In sastema GmbH, Bechtle has acquired a specialist in Identity & Access Management (IAM), governance, risk and compliance management, and information security. 21/9/2023 | Bechtle AG | Company Presentation 29
Slide 30: 2023 outlook
6 2023 outlook. 21/9/2023 | Bechtle AG | Company Presentation 30
Slide 31: Forecast – Digitalisation continues to drive growth
Forecast – Digitalisation continues to drive growth. Average growth per year +7.3% Revenue in €bn 118.9 126.4 111.6 102.3 IT market in Germany – Consistently high growth. 2020 2021 2022 2023 Source: bitkom Revenue Average growth per year +10.3% in $bn 59.2 65.3 48.7 53.7 44.0 IT security – High pote
Slide 32: Outlook – Guidance confirmed
Outlook – Guidance confirmed. Assumptions. No deterioration in overall economic situation in second half-year despite weak confidence indicators. Limited growth at worst. Positive investment impulses of industrial SMEs will increase over the course of the year. Supply bottlenecks for our manufacturi
Slide 33: Any questions?
Any questions? All key figures and information can also be found at: bechtle.com/reports 21/9/2023 | Bechtle AG | Company Presentation 33