Bechtle Ag · XETR:BC8
Bechtle — Q1 2023 Earnings Presentation
18 slides from Bechtle's earnings presentation, May 11, 2023
Slide 1: Bechtle AG – 1st Quarter 2023
Bechtle AG – 1st Quarter 2023 Welcome! Neckarsulm | 11 May 2023 | Dr Thomas Olemotz
Slide 2: Contents
Contents. 1 Business development Q1 2023. 2 The Bechtle share. 3 Highlights. 4 2023 outlook. 11/05/2023 | Bechtle AG | 1st Quarter 2023 2
Slide 3: Business development Q1 2023
1 Business development Q1 2023. 11/05/2023 | Bechtle AG | 1st Quarter 2023 3
Slide 4: Business volume – Impressive start into the year
Business volume – Impressive start into the year. in €m +20.8% +7.5% +15.8% Q1 2022 Q1 2023 1,886 1,629 1,222 1,012 618 664 IT SH & MS IT E-commerce Group 11/05/2023 | Bechtle AG | 1st Quarter 2023 4
Slide 5: Revenue – System house business is growth driver
Revenue – System house business is growth driver. +11.6% +11.6% in €m 1,538 1,538 1,379 1,379 545 -0.4% 607 +13.6% 547 534 IT E-commerce International IT SH & MS 994 +19.4% Germany 932 +10.2% 832 845 Q1 2022 Q1 2023 Q1 2022 Q1 2023 11/05/2023 | Bechtle AG | 1st Quarter 2023 5
Slide 6: EBIT – Good group-wide development – Differing profitability in segments
EBIT – Good group-wide development – Differing profitability in segments. in €m +19.1% -11.7% +7.5% Q1 2022 Q1 2023 Margin 81.0 75.3 55.9 47.0 28.3 25.0 5.6% 5.6% 5.2% 4.6% 5.5% 5.3% IT SH & MS IT E-commerce Group 11/05/2023 | Bechtle AG | 1st Quarter 2023 6
Slide 7: Operative cashflow – Considerable improvement yoy
Operative cashflow – Considerable improvement yoy. in €m 23.5 20.6 -22.1 -20.2 -127.1 Q1 2019 Q1 2020 Q1 2021 Q1 2022 Q1 2023 11/05/2023 | Bechtle AG | 1st Quarter 2023 7
Slide 8: Employees – Moderate yoy increase of 7.4% without acquisitions
Employees – Moderate yoy increase of 7.4% without acquisitions. +278 Employees +1,358 Employees +2.0% +10.5% 14,324 14,046 13,789 13,199 12,966 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 11/05/2023 | Bechtle AG | 1st Quarter 2023 8
Slide 9: The Bechtle share
2 The Bechtle share. 11/05/2023 | Bechtle AG | 1st Quarter 2023 9
Slide 10: Bechtle share – Holding stable after upswing at start of year
Bechtle share – Holding stable after upswing at start of year. 31/12/2022 05/05/2023 Performance (ytd) €33.06 €42.47 45 € Bechtle +28.5% DAX* +14.6% TecDAX* +12.3% 40 € MDAX* +10.0% * indexed 35 € 30 € J 23 F 23 M 23 A 23 M 23 11/05/2023 | Bechtle AG | 1st Quarter 2023 10
Slide 11: Highlights
3 Highlights. 11/05/2023 | Bechtle AG | 1st Quarter 2023 11
Slide 12: Bechtle E-commerce segment targets new customer group
1 Bechtle E-commerce segment targets new customer group. With a successful pilot phase completed, the IT company is extending its offerings to companies with as few as 50 employees, which were previously not on its radar. 11/05/2023 | Bechtle AG | 1st Quarter 2023 12
Slide 13: Bechtle expands European foothold
2 Bechtle expands European foothold. Bechtle acquires value-added reseller, Tangible Benefit, in the UK and software specialist, Fondo ICT Professionals, in the Netherlands. In Switzerland, a 3D printing specialist joins us. 11/05/2023 | Bechtle AG | 1st Quarter 2023 13
Slide 14: Bechtle receives HP Global Business Excellence Award
3 Bechtle receives HP Global Business Excellence Award. Two of HP Inc.’s inaugural Amplify Impact awards go to the Bechtle Group. The awards are recognition of the sustainability achievements of HP’s partners across six categories. 11/05/2023 | Bechtle AG | 1st Quarter 2023 14
Slide 15: Bechtle moves into new location in Munich and plans an IT Future Hub
4 Bechtle moves into new location in Munich and plans an IT Future Hub in Neu-Ulm. Bechtle is the first tenant in the Koryfeum Campus in Unterschleißheim with workplaces for some 150 employees. The new office in Neu-Ulm will provide space for some 300 IT seats. 11/05/2023 | Bechtle AG | 1st Quarter
Slide 16: 2023 outlook
4 2023 outlook. 11/05/2023 | Bechtle AG | 1st Quarter 2023 16
Slide 17: Outlook – Forecast confirmed. Bechtle remains optimistic.
Outlook – Forecast confirmed. Bechtle remains optimistic. Assumptions. The overall economic situation will develop better than expected just a few months ago, but growth rates will remain limited. Supply bottlenecks hampering our manufacturing partners will continue to ease. Project business backlog
Slide 18: Any questions?
Any questions? All key figures and information can also be found at: bechtle.com/reports 11/05/2023 | Bechtle AG | 1st Quarter 2023 18