Bechtle Ag · XETR:BC8
Bechtle — Non-Deal Roadshow (May 2022)
31 slides from Bechtle's roadshow presentation, May 13, 2022
Slide 1: Bechtle AG – Company Presentation
Bechtle AG – Company Presentation Frankfurt am Main | 13 May 2022
Slide 2: Contents
Contents. 1 Introduction to Bechtle AG. 2 Business Development Q1 2022. 3 The Bechtle share. 4 Highlights. 5 2022 outlook. 13/05/2022 | Bechtle AG | Company Presentation 2
Slide 3: 1 Introduction to Bechtle AG
1 Introduction to Bechtle AG. 13/05/2022 | Bechtle AG | Company Presentation 3
Slide 4: Bechtle AG Organisation
Bechtle AG Organisation. BECHTLE AG Chairman of the Executive Board: Dr Thomas Olemotz Central Divisions SEGMENT IT System Houses & Managed Services SEGMENT IT E-Commerce COO: Michael Guschlbauer COO: Jürgen Schäfer Bechtle Managed IT System Houses Specialists Bechtle direct ARP Inmac Wstore Service
Slide 5: Bechtle IT Systems Houses – In Germany, Austria and Switzerland
Bechtle IT Systems Houses – In Germany, Austria and Switzerland. Germany 61 Austria 11 Widespread, regional coverage Switzerland 13 Consulting, procurement and services Over 80 IT Systems Houses in Germany, Austria and Switzerland Individual e-procurement services at bechtle.com Employees in 2020: 1
Slide 6: Bechtle IT E-Commerce – The European powerhouse
Bechtle IT E-Commerce – The European powerhouse. Brands: Bechtle direct, ARP, Inmac Wstore (FR), BuyIT (NL), Bechtle Comsoft (FR) Home brand: Articona In 14 European countries Cross-channel strategy: Digital reach with personal account management Individual e-procurement services at bechtle.com Empl
Slide 7: Nr. 1 Ranked System House in Germany
Nr. 1 Ranked System House in Germany. Revenue in Germany (in €m) RANK COMPANY 2020 1 Bechtle 3,661 2 Computacenter 2,108 3 Software One 1,800 4 Cancom 1,390 5 SVA System Vertrieb Alexander 1,036 6 T-Systems International 900 7 NTT Data 840 8 msg systems 779 9 Atos IT-Solutions and Services 760 10 AC
Slide 8: Shareholder Structure
Shareholder Structure. Long-term and independent anchor shareholder. AGI 5.00% Schick Family 35.02% incl. Gerhard and Ilse Schick Foundation: 3.57% DWS 4.95% Baillie Gifford 4.77% BlackRock 4.07% Flossbach von Storch 3.05% Freefloat 43.15% Current of: May 2022, 126 million shares 13/05/2022 | Bechtl
Slide 9: Vision 2030 – Bechtle: Integrate IT. Architect the future.
Vision 2030 – Bechtle: 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 p
Slide 10: 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 11: Sustainability Strategy 2030 – Selected actions and concrete targets
Sustainability Strategy 2030 – Selected actions and concrete targets. ETHICAL BUSINESS 2021. MSCI ESG Rating: A Targets. Compliance training for all employees in 2023. PRATICES. EcoVadis Score: 64/100 – Further improvement in ratings. Top 7% of rated companies within the branch. ENVIRONMENT. 2021. 2
Slide 12: 2 Business Development Q1 2022
2 Business Development Q1 2022. 13/05/2022 | Bechtle AG | Company Presentation 12
Slide 13: Business volume – Significant growth despite continuing difficult conditions
Business volume – Significant growth despite continuing difficult conditions. in €m +4.2% +14.6% +7.9% Q1 2021 Q1 2022 1,629 1,510 971 1,012 618 539 IT SH & MS IT E-Commerce Group 13/05/2022 | Bechtle AG | Company Presentation 13
Slide 14: Revenue – Tracking the same positive trajectory as business volume
Revenue – Tracking the same positive trajectory as business volume. in €m +3.0% +13.5% +6.8% Q1 2021 Q1 2022 1,379 1,291 821 845 534 471 Domestic Abroad Group PY figures adjusted to IFRS 15 13/05/2022 | Bechtle AG | Company Presentation 14
Slide 15: Revenue – Uneven growth due to segments' varied nature
Revenue – Uneven growth due to segments’ varied nature. in €m +1.3% +16.7% +6.8% Q1 2021 Q1 2022 1,379 1,291 832 843 536 459 IT SH & MS IT E-Commerce Group PY figures adjusted to IFRS 15 13/05/2022 | Bechtle AG | Company Presentation 15
Slide 16: EBIT – Dynamic of earnings development mirrors revenue growth
EBIT – Dynamic of earnings development mirrors revenue growth. in €m +14.4% +34.5% +21.2% Q1 2021 Q1 2022 Margin 75.3 62.1 47.0 41.1 28.3 21.1 4.9% 5.6% 4.6% 5.3% 4.8% 5.5% IT SH & MS IT E-Commerce Group 13/05/2022 | Bechtle AG | Company Presentation 16
Slide 17: Operative cashflow – Supply chain issues and high inventories impact cashflow
Operative cashflow – Supply chain issues and high inventories impact cashflow. in €m 23.5 20.6 13.9 -22.1 -127.1 Q1 18 Q1 19 Q1 20 Q1 21 Q1 22 13/05/2022 | Bechtle AG | Company Presentation 17
Slide 18: Employees – Headcount continues to see only moderate growth
Employees – Headcount continues to see only moderate growth. +86 Employees +660 Employees +2.6% +5.4% 12,966 12,880 12,744 12,421 12,306 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 13/05/2022 | Bechtle AG | Company Presentation 18
Slide 19: 3 The Bechtle share
3 The Bechtle share. 13/05/2022 | Bechtle AG | Company Presentation 19
Slide 20: Bechtle share – Global markets under pressure
Bechtle share – Global markets under pressure. Tech sector particularly affected. 31/12/2021 04/05/22 Performance (ytd) €62.94 €42.68 65 € Bechtle -32.2% 60 € TecDAX* -21.8% MDAX* -15.5% 55 € DAX* -12.0% * indexed 50 € 45 € 40 € J 22 F 22 M 22 A 22 M 22 13/05/2022 | Bechtle AG | Company Presentation
Slide 21: Dividend – Disproportionate climb, 12th increase in a row
Dividend – Disproportionate climb, 12th increase in a row. in € cent +22.2% 55* 45 40 33 30 2017 2018 2019 2020 2021 * AGM proposal PY figures adjusted to share split 13/05/2022 | Bechtle AG | Company Presentation 21
Slide 22: 4 Highlights
4 Highlights. 13/05/2022 | Bechtle AG | Company Presentation 22
Slide 23: John Malone joins ranks with Executive Vice Presidents
1 John Malone joins ranks with Executive Vice Presidents. The 48-year old Irishman has been Managing Director of Bechtle direct in Dublin since 2010 and IT E-Commerce Executive Vice President for Czech Republic, Hungary, Ireland, Italy, Poland and Portugal since March 2022. 13/05/2022 | Bechtle AG |
Slide 24: Founding member, Connection, rejoins the GITA ranks
2 Founding member, Connection, rejoins the GITA ranks. The Global IT Alliance (GITA) has expanded its footprint in the USA with the IT service provider, Connection. The global network has thus grown to ten partners. 13/05/2022 | Bechtle AG | Company Presentation 24
Slide 25: Bechtle anchor shareholder launches foundation
3 Bechtle anchor shareholder launches foundation. Karin Schick announced the inception of a foundation named after her parents, Gerhard and Ilse Schick. The foundation secures a Bechtle AG anchor shareholder for the long term and is a tribute to the life’s work of Bechtle co-founder Gerhard Schick.
Slide 26: Bechtle offers hyperscaler clouds as a managed service
4 Bechtle offers hyperscaler clouds as a managed service. Bechtle is expanding its established multi-cloud portfolio with unified cloud operation services for hyperscale cloud platforms Amazon Web Services (AWS), Microsoft Azure and Google Cloud. 13/05/2022 | Bechtle AG | Company Presentation 26
Slide 27: Bechtle acquires Dutch IT system house, PQR
5 Bechtle acquires Dutch IT system house, PQR. Bechtle further pursues its growth strategy on the European market and acquires the first IT system house outside DACH. Utrecht-based PQR was founded in 1990 and employs 170 staff. 13/05/2022 | Bechtle AG | Company Presentation 27
Slide 28: 5 2022 outlook
5 2022 outlook. 13/05/2022 | Bechtle AG | Company Presentation 28
Slide 29: Positive economic framework – The digital transformation drives sustainable growth
Positive economic framework – The digital transformation drives sustainable growth. Average growth per year +4.5% Revenue in €bn 102.5 108.6 95.2 96.4 IT market overall – Growth in Germany. 2019 2020 2021 2022 Source: bitkom Revenue Average growth per year +9.5% in €bn 8.2 8.9 6.8 7.5 6.2 IT securit
Slide 30: Outlook – 2022 forecast remains optimistic
Outlook – 2022 forecast remains optimistic. Assumptions. Supply bottlenecks hampering our manufacturing partners will relax over the year. Our record business backlog will gradually translate to revenue. Customers persistently keen to invest in IT, producing new business leads. Realistic objectives.
Slide 31: Any questions?
Any questions? All key figures and information can also be found at: bechtle.com/reports 13/05/2022 | Bechtle AG | Company Presentation 31