Bechtle AG – Company Presentationd850dff1-39f0-4f12-9b42... · 2 days ago · Bechtle AG –...
Transcript of Bechtle AG – Company Presentationd850dff1-39f0-4f12-9b42... · 2 days ago · Bechtle AG –...
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Bechtle AG – Company PresentationMetzler Dialog, Frankfurt, 20 August 2020Dr Thomas Olemotz, CEO
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Contents.
20/08/2020 Bechtle AG | Company Presentation 2
1. Business development
2. The Bechtle share
3. News and updates
4. Outlook
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Revenue –Growth predictably slow in Q2.
1,240 1,261
2,501
1,356 1,311
2,666
1st Quarter 2nd Quarter 1st Half-year
20192020
in €m
+9.3% +3.9% +6.6%
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+8.2%* +2.4%* +5.3%** organic
growth
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Revenue –Effects of corona pandemic felt more keenly abroad.
798
463
1,261
841
470
1,311
Domestic Abroad Group
Q2.2019Q2.2020
in €m
+5.4% +1.4% +3.9%
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+4.3%* -1.0%* +2.4%** organic
growth
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Revenue –Diverging development in business segments.
815
446
1,261
894
417
1,311
IT SH & MS IT E-Commerce Group
Q2.2019Q2.2020
in €m
+9.7% -6.6% +3.9%
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+7.3%* -6.6%* +2.4%** organic
growth
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Gross margin –Remains at good level.
Q2.19Q2.18
15.7
Q2.17 Q2.20
15.6
14.315.0
in %
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EBIT –Earnings grow disproportionately.
46.357.1
103.3
52.6 59.5
112.2
1st Quarter 2nd Quarter 1st Half-year
20192020
in €m
+13.7% +4.3% +8.5%
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EBIT –Development varies wildly between segments.
34.3
22.8
57.1
40.2
19.4
59.5
IT SH & MS IT E-Commerce Group
Q2.2019Q2.2020
Margin
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4.5% 4.5% 4.5% 4.2% 5.1% 4.6%
+17.2% -15.0% +4.3%
in €m
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Employees –Moderate increase driven by acquisitions.
Q3.19 Q4.19Q2.19 Q1.20 Q2.20
10,915
11,246
11,487
11,76811,955
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+1,040 employees=9.5% +187 employees
=1.6%
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Working capital –YoY decline.
FY.19 Q2.19 Q2.20
647.7
704.3682.5
-3.1%
in €m
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Working capital development (YoY)
Inventories +104.7 million euros
Trade receivables -103.0 million euros
Accrued income +9.3 million euros
Trade payables +50.3 million euros
Deferred income -26.6 million euros
Total +34.7 million euros
+5.4%
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Operative cashflow –Positive development continues.
H1.17H1.16 H1.18-23.3
5.8
H1.19
7.4
39.3
H1.20
-14.5
in €m
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The Bechtle share –New highs.
Bechtle AG | Company Presentation 12
Performance ytd
Bechtle +28.3%
TecDAX* +2.6%
MDAX* -3.5%
DAX* -2.8%
*indexed
31/12/2019€125.20
12
60 €
80 €
100 €
120 €
140 €
160 €
J 20 F 20 M 20 A 20 M 20 J 20 J 20 A 20
20/08/2020
18/08/2020€160.60
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1 Expansion of multi-cloud portfolio –Bechtle SME partner for Google Cloud.Bechtle commissioned by SGB-SMIT group to transform their corporate IT with Google Cloud
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Digitalisation in education –Bechtle becomes Hasso Plattner Institute partner.HPI has chosen Dataport, Bechtle, Capgemini and Ionos to support in the development of the HPI School Cloud. The partners are taking on technical operations as well as consultation and are supporting in its continued development.
2
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3 Public Sector –Bechtle submits winning bid to IT.Niedersachsen.Bechtle has been awarded a wide-ranging services contract, covering IT project management and strategic consulting on IT processes. As a central IT service provider, IT.Niedersachsen ensures unified IT processes across its agencies.
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4 Internationalisation –Proposed transformation into Bechtle SE.The change in corporate form will sharpen Bechtle’s profile as a progressive European IT organisation and enable international employees to better engage in internal discussions regarding corporate development.
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Award-winning communication –Bechtle wins two Red Dot Awards.Bechtle’s 2019 Annual Report and its magazine Zukunftsstark have both received prestigious Red Dot Awards in the category Brands & Communication Design 2020.5
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2020 outlook –Q2 in line with expectations, guidance for FY unchanged.
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Economic conditions.
Mood and economic situation still in the doldrums but first signs of recovery in Q2.
2020 will continue to be a challenging year in the IT industry.
Bechtle has so far shown itself to be resistant to crisis.
Forecast.
Our targets for FY 2020 as a whole remain unchanged:
Significant 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 positive.
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Any questions?
For more information:bechtle.com