Bechtle Ag · XETR:BC8
Bechtle — ODDO Corporate Conference (September 2024)
29 slides from Bechtle's conference presentation, Sep 3, 2024
Slide 1: Company Presentation
Company Presentation. Welcome! Frankfurt, 3 September 2024
Slide 2: Agenda
Agenda 1. Introduction to Bechtle AG. 2. Sustainability. 3. Business Development. 4. The Bechtle Share. 5. Latest news. 6. Outlook.
Slide 3: Introduction to Bechtle AG
Introduction to Bechtle AG.
Slide 4: Bechtle at a Glance
Introduction to Bechtle AG bechtle Bechtle at a Glance >15,000 Employees 7.8 bn € Business Volume in 2023 Broad portfolio INTERNATIONAL ENTREPRENEURIAL of future-oriented IT products THINKING AND and services BEHAVIOUR Present in 14 European countries supporting our customers worldwide Close to our
Slide 5: International Presence – in 14 European Countries
Introduction to Bechtle AG bechtle International Presence – in 14 European Countries IT System House & Managed Services • Consulting, services and procurement—everything related to IT out of one hand • Widespread, regional coverage in eight European countries • Close to our customers with more than
Slide 6: Nr. 1 Ranked System House in Germany
Introduction to Bechtle AG Nr. 1 Ranked System House in Germany Revenue in Germany (in €m) Rank Company 2022 1 Bechtle 3,731 2 T-Systems 2,900 3 NTT Data 2,200 4 Computacenter 2,159 5 SVA System Vertrieb Alexander 1,557 6 Cancom 1,172 7 Software One 1,004 8 MSG Systems 903 9 ACP Gruppe 900 10 Adesso
Slide 7: Dividend – Sustainable, shareholder-friendly dividend policy
Introduction to Bechtle AG bechtle Dividend – Sustainable, shareholder-friendly dividend policy +7.7% in € cent 70 65 55 45 40 2019 2020 2021 2022 2023
Slide 8: Shareholder Structure – Long-term and independent anchor shareholder
Introduction to Bechtle AG bechtle Shareholder Structure – Long-term and independent anchor shareholder Schick Family: 35.02% Flossbach von Storch: 10.18% Incl. Gerhard and Ilse Schick Foundation: 3.57% AGI: 5.00% Black Rock: 3.23% Freefloat: 46.57% Current of: July 2024, 126 million shares 8
Slide 9: Sustainability
Sustainability.
Slide 10: Sustainability Strategy 2030 – Four strategic areas of action
Sustainability bechtle 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 our We drive future-facing human rights are respected along environment to conserve our business partners and employees. digit
Slide 11: Sustainability Strategy 2030 – Selected actions and concrete targets
Sustainability bechtle Sustainability Strategy 2030 – Selected actions and concrete targets • Review of suppliers with the CSR audit provider • Professionalisation of CSR risk management ETHICAL BUSINESS PRATICES. 2023 EcoVadis. Targets in accordance with the Supply Chain Act. • Introduction of dial
Slide 12: Bechtle Climate Protection Strategy 2030 – Avoidance. Reduction. Compensation.
Sustainability bechtle Bechtle Climate Protection Strategy 2030 – Avoidance. Reduction. Compensation. OUR TARGETS: FOCAL POINTS: • Our climate objectives are in line with the Energy. 1.5 °C Paris Agreement goal set in 2015. • Boost energy efficiency at our locations • We choose a three-pronged appro
Slide 13: Business Development
Business Development.
Slide 14: Business volume – Weak Q2 as June surprisingly well below expectations
Business Development bechtle Business volume – Weak Q2 as June surprisingly well below expectations +3.4% +0.9% +2.2% in €m 2023 3,702 3,783 2024 1,866 1,951 1,816 1,832 1st Quarter 2nd Quarter 1st Half-year 14
Slide 15: Revenue – IFRS 15 leads to negative growth
Business Development bechtle Revenue – IFRS 15 leads to negative growth -2.3% -2.3% -2.3% in €m 2023 3,048 2,978 2024 1,538 1,503 1,510 1,475 1st Quarter 2nd Quarter 1st Half-year 15
Slide 16: Revenue – Acquisitions support positive growth abroad
Business Development bechtle Revenue – Acquisitions support positive growth abroad in €m -2.3% -2.3% 1,510 1,475 1,510 1,475 IT E-Commerce International 563* 555 -1.4% 586 595 +1.6% IT SH & MS Germany 946* 920 -2.8% 924 879 -4.8% Q2 2023 Q2 2024* Q2 2023 Q2 2024 *adjusted to account for revised segm
Slide 17: EBIT – Weak topline and backend decline increased margin pressure in Q2
Business Development bechtle EBIT – Weak topline and backend decline increased margin pressure in Q2 +3.9% -11.9% -4.7% in €m 2023 177.1 2024 168.8 Margin 96.1 81.0 84.1 84.7 5.3% 5.6% 6.4% 5.7% 5.8% 5.7% 1st Quarter 2nd Quarter 1st Half-year 17
Slide 18: Operative cashflow – Strong development in first half-year
Business Development bechtle Operative cashflow – Strong development in first half-year in €m 141.2 65.0 40.5 47.3 -202.4 H1 2020 H1 2021 H1 2022 H1 2023 H1 2024 18
Slide 19: Employees – Increase without acquisitions of only 1.6%
Business Development bechtle Employees – Increase without acquisitions of only 1.6% +61 employees +801 employees +0.4% +5.5% 15,245 15,306 15,159 14,840 14,505 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 19
Slide 20: The Bechtle Share
The Bechtle Share.
Slide 21: The Bechtle share – High volatility
The Bechtle Share bechtle The Bechtle share – High volatility 31/12/2023 19/8/24 55 € €45.39 €39.54 Performance (ytd) Bechtle -12.9% 50 € DAX* +10.0% 45 € TecDAX* +0.4% MDAX* -8.0% *indexed 40 € 35 € J 24 F 24 M 24 A 24 M 24 J 24 J 24 A 24 21
Slide 22: Latest news
Latest news.
Slide 23: Bechtle considerably bolsters market position in Italy
Latest news bechtle 1 Bechtle considerably bolsters market position in Italy. Bechtle AG acquires Magnetic Media Network S.p.A. (MMN)—a leading IT solutions provider in Italy. MMN is headquartered near Milan and has a second site close to Venice.
Slide 24: Baden-Württemberg to source data analytics and AI services from Bechtle
Latest news bechtle 2 Baden-Württemberg to source data analytics and AI services from Bechtle. The bespoke service offering for e- government projects aims to drive the ongoing digital transformation of public services. The contract volume totals up to six million euros.
Slide 25: Bechtle supports digitalisation in the state of Lower Saxony
Latest news bechtle 3 Bechtle supports digitalisation in the state of Lower Saxony. Bechtle has once again been awarded the framework agreement for project management and independent IT consultation to provide the state’s administration and local authorities with a wide-range of services.
Slide 26: Bechtle awarded federal contract for Apple products
Latest news bechtle 4 Bechtle awarded federal contract for Apple products. Bechtle will supply up to 300,000 Apple devices across the entire federal administration. The contract is worth up to €770 million and has been concluded until the end of 2027. Photo: © German Bundestag / Thomas Trutschel / p
Slide 27: Outlook
Outlook.
Slide 28: Bechtle adjusts forecast
Outlook Bechtle adjusts forecast 1. Outlook Context. • Overall economic conditions remain challenging in the 2024 fiscal year. No substantial uptick expected in second half-year. ifo Index and German GDP development in Q2/2024 back up this assessment. • Need to invest in IT remains high amid the dig
Slide 29: All key figures and information at bechtle.com/reports
All key figures and information can also be found at: bechtle.com/reports