Bechtle AG – Company Presentation4fcec116-961f-4383-9cf7-986d0e2… · Chairman of the Executive...
Transcript of Bechtle AG – Company Presentation4fcec116-961f-4383-9cf7-986d0e2… · Chairman of the Executive...
Bechtle AG – Company PresentationWarburg Highlights, 25 June 2020.
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Sustainable Growth.
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0,03 4,4 19 183792
1,431
2,2732,580 2,831 3,094
3,570
4,323
5,374
1983 1988 1993 1998 2003 2008 2013 2014 2015 2016 2017 2018 2019
1 38 100 8002,515
4,4056,219 6,572 7,205 7,667 8,353
10,00511,487
2762
89 107 129 145 163193
236
Revenue in €m
Employees
EBT in €m
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SEGMENT IT Systems Integration & Managed ServicesCOO: Michael Guschlbauer
SEGMENT IT E-CommerceCOO: Jürgen Schäfer
Bechtle AG Organisation.
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BECHTLE AGChairman of the Executive Board: Dr Thomas Olemotz
IT Systems Integrators
Bechtle ManagedServices Specialists
Logistics & Services
Germany, Austria, Switzerland
Central Divisions
In 14 countries In 6 countries
Inmac WstoreARPBechtle direct
In France
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Bechtle IT Systems Integrators.In Germany, Austria and Switzerland
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Widespread, regional coverage
Consulting, procurement and services
Some 75 locations in Germany, Austria and Switzerland
Costumized online shops(bios®)
Employees in 2019: 9,097Services: approx. 5,400
Revenue in 2019: €3.5bn
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Bechtle IT-E-Commerce.The European powerhouse
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Brands: Bechtle direct, ARP, InmacWstore (FR), BuyIT (NL), Bechtle Comsoft (FR)
Private label: Articona
In 14 European countries
Cross-channel strategy:Digital reach with personal account management
Customised online shops (bios®)
Employees in 2019: 2,390
Revenue in 2019: €1.9bn
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Nr. 1 Ranked System House in Germany.
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Revenue in Germany (in €m)
RANK COMPANY 2018 2017
1 Bechtle 2,855 2,513
2 Computacenter 2,115 1,965
3 T-Systems International 1,500 1,400
4 Cancom 1,201 1,048
5 Software One * 1,100 854
6 NTT Data 755 702
7 SVA System Vertrieb Alexander 713 550
8 msg systems 694 621
9 Atos IT Solutions and Services 645 640
10 Axians Deutschland ** 553 518
Source: Channelpartner 08/2019
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* Including Comparex AG ** Including Fritz & Macziol and Crocodial IT
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The Bechtle share –Continues to outperform after “corona dip”.
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Performance ytd
Bechtle +20.0%
TecDAX* +4.9%
DAX* -4.8%
MDAX* -6.3%
*indexed
31/12/2019€125.20
7
60 €
80 €
100 €
120 €
140 €
160 €
Jan. 20 Feb. 20 Mrz. 20 Apr. 20 Mai. 20 Jun. 20
25/6/2020
9/6/2020€150.30
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Schick family 35.02%
Baillie Gifford 7.59%
DWS 5.07%
AGI 4.97%Flossbach von Storch 3.95%
BlackRock 2.05%
Other Freefloat 41.35%
Current of: 31 May 2020, 42 million shares
Bechtle AG | Company Presentation
Shareholder Structure –Stability and independence.
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Revenue –Strong growth despite COVID-19.
782
458
1,240
859
497
1,356
IT-SH & MS IT E-Commerce Group
Q1.2019Q1.2020
in €m
+9.8% +8.5% +9.3%
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+8.1%* +8.5%* +8.2%** organic
growth
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Revenue –Stronger growth dynamic in our domestic market.
749
491
1,240
829
527
1,356
Domestic Abroad Group
Q1.2019Q1.2020
in €m
+10.6% +7.3% +9.3%
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+10.2%* +5.2%* +8.2%** organic
growth
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Gross margin –Much improved.
Q1.19 Q1.20Q1.18Q1.17
15.014.6
14.2
15.0
in %
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EBIT –Service business bolsters profitability.
25.619.9
46.3
32.5
20.1
52.6
IT-SH & MS IT E-Commerce Group
Q1.2019Q1.2020
Margin
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3.7% 3.9% 3.8% 3.4% 4.3% 4.1%
+23.2% +1.2% +13.7%
in €m
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Employees –Moderate increase in headcount in Q1.
Q2.19 Q1.20Q3.19Q1.19 Q4.19
10,334
10,915
11,768
11,24611,487
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+1.434 employees=13.9% +281 employees
=2.4%
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Working capital –Capital lockup decreased.
FY.19Q1.19
636.9
Q1.20
647.7
623.6
-1.7%
in €m
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Working capital development (YoY)
Inventories €m +90.4
Trade receivables €m -79.9
Accrued income €m +12.4
Trade payables €m +13.6
Deferred income €m +20.1
Total €m -10.9
+2.1%
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Operating cash flow –Positive development underpins robust liquidity.
Q1.18
-17.0
Q1.16 Q1.17 Q1.19 Q1.20
-17.9
13.9
-22.1
22.8
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in €m
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1Collaboration IBechtle rolls out a collaboration platform for Saarland’sstate government in record time.Just seven hours pass between the state’s initial RFI and the first video conference in its own Webex environment.
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2Bechtle AG | Company Presentation25/6/2020
Collaboration IIKey vendor partners acknowledge outstanding partnerships: Dell renews Bechtle’s Titanium Black Partner statuswhile VMware recertifies every one of its Master Services Competencies.
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3Bechtle AG | Company Presentation25/6/2020
Growth IBechtle acquires Wide Technology Partners in Baar, Switzerland. The company makes network, data centre,voice and security solutions.
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4Bechtle AG | Company Presentation25/6/2020
Growth IIBechtle acquires DPS Software GmbH, based in Leinfelden-Echterdingen, Germany, with 14 sales offices throughout Germany, three locations in Austria, and two in Switzerland. The 3D CAD software specialist currently has 213 employees.
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SustainabilityBechtle publishes its first Sustainability Reportto comply with global GRI standards for comparabilityin an international field.5
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Outlook 2020 –No change in targets despite big uncertainties.
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Economic conditions.
Impact of the COVID-19 pandemic is unpredictable in terms of time and intensity;
consequences on the economy can therefore not be put in reliable figures.
Not all sectors are equally hit; the public sector, too, is expected to go on spending.
Objectives.
Q2 will progress at a measured pace; we expect a gradual normalisation beginning in H2.
Our targets for FY 2020 as a whole remain as yet unchanged:
Considerable growth in terms of revenue and earnings (over 5%).
EBT margin at least on par with 2019.
All medium to long-term prospects for Bechtle remain intact.
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Any questions?
For more information:bechtle.com