Slide 1: Bechtle AG 2nd Quarter and 1st Half-year 2019
Bechtle AG 2nd Quarter and 1st Half-year 2019 Neckarsulm | 09 August 2019
Slide 2: Contents
Contents. 1. Business development 2. Shares and dividends 3. News and updates 4. Outlook 09/08/2019 | Bechtle AG | 2nd Quarter 2019 2
Slide 3: Revenue – Growth up slightly in Q2
Revenue – Growth up slightly in Q2. +29.8% +30.7% +30.2% 2018 2019 +15.3%* +16.9%* +16.1%* * organic growth 2,501 1,920 1,240 1,261 955 965 1st Quarter 2nd Quarter 1st Half-Year in €m 09/08/2019 | Bechtle AG | 2nd Quarter 2019 3
Slide 4: Revenue – Organic growth balanced between segments
Revenue – Organic growth balanced between segments. +20.4% +54.8% +30.7% Q2.2018 Q2.2019 +17.2%* +16.4%* +16.9%* * organic growth 1,261 965 815 677 446 288 IT SH & MS IT E-commerce Group in €m 09/08/2019 | Bechtle AG | 2nd Quarter 2019 4
Slide 5: Gross margin – Under growth-related pressure
Gross margin – Under growth-related pressure. 15.8 15.7 15.6 14.3 Q2.16 Q2.17 Q2.18 Q2.19 in % 09/08/2019 | Bechtle AG | 2nd Quarter 2019 5
Slide 6: EBIT – Very strong growth in earnings continues in Q2
EBIT – Very strong growth in earnings continues in Q2. +29.6% +30.0% +29.8% 103.3 2018 2019 79.6 57.1 46.3 43.9 35.7 1st Quarter 2nd Quarter 1st Half-year in €m 3.7% 3.7% 4.5% 4.5% 4.1% 4.1% Margin 09/08/2019 | Bechtle AG | 2nd Quarter 2019 6
Slide 7: EBIT – Strong increase in earnings in E-commerce
EBIT – Strong increase in earnings in E-commerce. +19.2% +50.5% +30.0% 57.1 Q2.2018 Q2.2019 43.9 34.3 28.8 22.8 15.1 IT SH & MS IT E-commerce Group in €m 4.2% 4.2% 5.3% 5.1% 4.5% 4.5% Margin 09/08/2019 | Bechtle AG | 2nd Quarter 2019 7
Slide 8: Employees – Headcount up due to acquisitions and organic growth
Employees – Headcount up due to acquisitions and organic growth. +581 employees +2,125 employees =5.6% =24.2% 10,915 10,334 10,005 9,651 8,790 Q2.18 Q3.18 Q4.18 Q1.19 Q2.19 09/08/2019 | Bechtle AG | 2nd Quarter 2019 8
Slide 9: Key financial figures
Key financial figures. 56.5 H1.2018 Equity ratio 42.7 H1.2019 15.1 Return on equity* 17.1 * annualised based on H1, in % linearised projection 31.12.2018 580.8 Working Capital 30.06.2019 704.3 250.9 Liquidity** 118.4 in €m ** including time deposits and securities 09/08/2019 | Bechtle AG | 2nd Quart
Slide 10: Bechtle Share – Volatile performance with new all-time high
Bechtle Share – Volatile performance with new all-time high. 31/12/2018 28/06/2019 07/08/2019 Performance ytd €67.85 €101.00 €95.65 110 € Bechtle +41.0% 100 € MDAX* +16.4% 90 € TecDAX* +13.8% 80 € DAX* +10.3% 70 € *indexed 60 € J 19 F 19 M 19 A 19 M 19 J 19 J 19 A 19 09/08/2019 | Bechtle AG | 2nd Qu
Slide 11: Dividends – Ninth rise in a row
Dividends – Ninth rise in a row. 100 90 75 70 60 55 50 50 37.5 30 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Dividend in € cent 09/08/2019 | Bechtle AG | 2nd Quarter 2019 11
Slide 12: Growth I – Boost to Managed Services on 01/04
1 Growth I Boost to Managed Services on 01/04. 320 employees join Bechtle Onsite Services from IBM. Bechtle delivers services on behalf of IBM. Onsite Services is largest Bechtle Group subsidiary with 900 employees. 09/08/2019 | Bechtle AG | 2nd Quarter 2019 12
Slide 13: Growth II – Acquisition of the Swiss company Alpha Solutions
2 Growth II Acquisition of the Swiss company, Alpha Solutions. Another software specialist in ERP and CRM projects in addition to cloud solutions. Alpha Solutions employs 74 staff. 2018 revenue: 11.2 million Swiss Francs. 09/08/2019 | Bechtle AG | 2nd Quarter 2019 13
Slide 14: Growth III – Bechtle direct opens new branch in Manchester
3 Growth III Bechtle direct opens new branch in Manchester. The additional office complements our activities in Chippenham, in the South of England, and strengthens growth in the UK. 09/08/2019 | Bechtle AG | 2nd Quarter 2019 14
Slide 15: Outlook fiscal year 2019 – Economic conditions remain challenging
Outlook fiscal year 2019 – Economic conditions remain challenging. Economic conditions. Economic atmosphere and business activity in Europe and Germany is weakening tangibly and steadily. IT market amazingly (still!) “stable” — Bechtle’s growth is unaffected. Organic growth in H2.2019 to be potentia
Slide 16: Any questions?
Any questions? For more information: bechtle.com 09/08/2019 | Bechtle AG | 2nd Quarter 2019 16