Bechtle Ag · XETR:BC8
Bechtle — Q1 2015 Earnings Presentation
16 slides from Bechtle's earnings presentation, May 13, 2015
Slide 1: Bechtle AG Q1 2015
Bechtle AG Q1 2015. Neckarsulm | 13 May 2015 Our fourth decade: BECHTLE 4.0 Our future: INDUSTRY 4.0 Our numbers: CLOSING 4.0
Slide 2: Agenda
Agenda. 1. Economic Conditions 2. Business Development in Q1 2015 3. Shares and Dividends 4. News and Updates 5. Outlook 2015 13.05.2015 | Bechtle AG Q1 2015 2
Slide 3: Economic Conditions Q1 2015
Economic Conditions Q1 2015. Macroeconomy. Continued positive development in the EU. Slightly reduced momentum in Germany, however, still on a high level. Sector. PC market declines as expected. Unpredictable atmosphere in the IT industry. Forecasts for future development considered volatile. Conclu
Slide 4: Revenue Development by Region: Q1 2015 vs. Q1 2014
Revenue Development. By Region: Q1 2015 vs. Q1 2014 +6.1% 622 587 212 +10.9% 191 Foreign 395 410 +3.8 % Domestic Q1.2014 Q1.2015 [in €m] Significant growth in revenues with relatively strong contributions from non-domestic markets. 13.05.2015 | Bechtle AG Q1 2015 4
Slide 5: Revenue Development by Segment: Q1 2015 vs. Q1 2014
Revenue Development. By Segment: Q1 2015 vs. Q1 2014 +6.1% 622 587 220 +9.8% 200 IT e-commerce IT SH & MS 386 403 +4.2% Q1.2014 Q1.2015 [in €m.] E-Commerce drives growth thanks to strong business in foreign markets. 13.05.2015 | Bechtle AG Q1 2015 5
Slide 6: Group Gross Margin. Development since 2012
Group Gross Margin. Development since 2012 15.4 15.3 15.3 15.2 15.1 15.1 15.1 15.0 14.9 14.9 14.8 14.7 14.4 Q1.12 Q2.12 Q3.12 Q4.12 Q1.13 Q2.13 Q3.13 Q4.13 Q1.14 Q2.14 Q3.14 Q4.14 Q1.15 [in %] Gross margin improved compared to Q1 2014. 13.05.2015 | Bechtle AG Q1 2015 6
Slide 7: EBIT Development and Margin by Segment
EBIT Development and Margin. By Segment: Q1 2015 vs. Q1 2014 Q1.2014 6.3% Q1.2015 20.9% 21.2 22.5 -20.3% 16.5 13.7 7.5 6.0 IT System House & E-Commerce Total [in €m.] Managed Services 3.5% 3.7% 3.6% 4.1% 2.7% 3.6% Considerable growth in consolidated numbers. 13.05.2015 | Bechtle AG Q1 2015 7
Slide 8: Group EBT Margin. Development since 2012
Group EBT Margin. Development since 2012 5.3 4.7 4.8 4.4 4.4 3.7 3.8 3.5 3.6 3.6 3.0 2.7 2.8 Q1.12 Q2.12 Q3.12 Q4.12 Q1.13 Q2.13 Q3.13 Q4.13 Q1.14 Q2.14 Q3.14 Q4.14 Q1.15 [in %] EBT margin on par with previous year. 13.05.2015 | Bechtle AG Q1 2015 8
Slide 9: Group Employee Growth. Development since 2012
Group Employee Growth. Development since 2012 1.5% 5.0% 6,671 6,572 6,534 6,393 6,352 6,219 6,150 6,053 5,978 5,970 5,959 5,584 5,750 Q1.12 Q2.12 Q3.12 Q4.12 Q1.13 Q2.13 Q3.13 Q4.13 Q1.14 Q2.14 Q3.14 Q4.14 Q1.15 Moderate, yet consistent increase during the reporting year. 13.05.2015 | Bechtle AG Q1
Slide 10: Key Financial Figures. Q1 2015 vs. Q1 2014
Key Financial Figures. Q1 2015 vs. Q1 2014 12.7 Q1 2014 Return on Equity Q1 2015 12.2 6.9 Return on Assets 6.6 [in %] 152.00 Liquidity 150.40 232.50 Working Capital 292.50 [in €m.] Stable, healthy balance sheet ratio. Return on equity and assets and liquidity nearly on par with previous year. 13.05.
Slide 11: The Bechtle Share. Performance
The Bechtle Share. Performance 02/01/15 31/03/15 08/05/2015 Market Figures (08/05/2015) €65.67 €66.56 €67.06 80 € Market capitalisation € 1,408m 75 € Performance (ytd) - Bechtle +2.1% 70 € - DAX +19.9% - TecDAX +20.3% 65 € - DAXsubsector +8.3% Bechtle IT Services TecDAX (indexed) DAXsubsector IT Ser
Slide 12: Dividend Policy. Continuity
Dividend Policy. Continuity 36.3 35.9 36.8 37.3 36.4 33.9 33.5 33.1 31.1 27.4 Dividend payout ratio 1 in % of EAT 15 120 110 100 85 75 60 60 60 50 50 Dividends in € cent 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 1 AGM proposal Long-standing, consistent payout ratio amounting to roughly one t
Slide 13: The Latest Developments at Bechtle
The Latest Developments at Bechtle. Alliances, Acquisitions, Customers, and Manufacturers Global IT Alliance grows with the addition of Japan Business Systems, Tokyo (Japan), Datacentrix, Midrand (South Africa), Jardine OneSolution, Hong Kong (China, Macau, Malaysia, Singapore). Acquisition of ERP s
Slide 14: IT Industry in 2015 – Germany
Economic Conditions. IT Industry in 2015 – Germany Hardware Software -1.6% +5.7 % €14.7bn. €20.2bn. +2.8 % €72.2bn. IT Services +3.0% €37.3bn. Source: EITO, February 2015 Momentum tapers: IT market grows by 2.8% to €72.2bn. (PY: +3.9%). At +5.7 %, software is the growth catalyst; IT services go up +
Slide 15: Outlook. 2015 Fiscal Year
Outlook. 2015 Fiscal Year Revenue. Continue to grow and attain more market share IT System House: continue to focus on driving the solutions and service business. Managed Services: expand long-term service agreements. IT E-Commerce: defend our excellent competitive position in the trade business. Ea
Slide 16: Any Questions?
ANY QUESTIONS? 13.05.2015 | Bechtle AG Q1 2015 16