Bechtle AG · XETR:BC8
Bechtle — Stifel German Corporate Conference 2024
29 slides from Bechtle's conference presentation, May 15, 2024
Slide 1: Bechtle AG – Company Presentation
Bechtle AG – Company Presentation Welcome! Frankfurt am Main | 15 May 2024
Slide 2: Contents
Contents. 1 Introduction to Bechtle AG. 2 Sustainability. 3 Business Development. 4 The Bechtle Share. 5 News and Highlights. 6 Outlook. 15/5/2024 | Bechtle AG | Company Presentation 2
Slide 3: 1 Introduction to Bechtle AG
1 Introduction to Bechtle AG. 15/5/2024 | Bechtle AG | Company Presentation 3
Slide 4: Bechtle at a Glance
Bechtle at a Glance. >15,000 Employees 7.8 bn € Business Volume in 2023 Broad portfolio ENTREPRENEURIAL of future-oriented IT products INTERNATIONAL THINKING AND and services BEHAVIOUR Present in 14 European countries supporting our customers worldwide Close to our customers – DECENTRALISED strong f
Slide 5: Business Segment – IT System House & Managed Services
Business Segment – IT System House & Managed Services. Wholesaler: Consulting, procurement and services Widespread, regional coverage, even outside DACH Close to our customers with more than 100 locations Decentralised structure with high responsibility of local MDs Employees in 2023: 11,818 Revenue
Slide 6: Business Segment – IT E-Commerce
Business Segment – IT E-Commerce. Pure trading business Presence in 14 European countries with our brand Bechtle direct Cross-channel strategy: Digital reach with personal account management. Outbound oriented sales force Individual e-procurement services at bechtle.com Peripherals under our own bra
Slide 7: Nr. 1 Ranked System House in Germany
Nr. 1 Ranked System House in Germany. Revenue in Germany (in €m) RANK COMPANY 2022 1 Bechtle 3,731 2 T-Systems International 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 729 … … … 3
Slide 8: Shareholder Structure – Long-term and independent anchor shareholder
Shareholder Structure – Long-term and independent anchor shareholder. Flossbach von Storch 5.15% Schick Family 35.02% incl. Gerhard and Ilse Schick Foundation: 3.57% AGI 5.00% Black Rock 3.23% Freefloat 51.60% Current of: April 2024, 126 million shares 15/5/2024 | Bechtle AG | Company Presentation 8
Slide 9: Dividend – Fourteenth increase in a row
Dividend – Fourteenth increase in a row. in € cent +7.7% 70* 65 55 45 40 2019 2020 2021 2022 2023 * AGM proposal 15/5/2024 | Bechtle AG | Company Presentation 9
Slide 10: 2 Sustainability
2 Sustainability. 15/5/2024 | Bechtle AG | Company Presentation 10
Slide 11: 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 12: Sustainability Strategy 2030 – Selected actions and concrete targets
Sustainability Strategy 2030 – Selected actions and concrete targets. ETHICAL BUSINESS 2023. Review of suppliers with the CSR audit Targets. Professionalisation of CSR risk management PRATICES. provider EcoVadis. in accordance with the Supply Chain Act. Introduction of dialogue with selected Conduct
Slide 13: Bechtle Climate Protection Strategy 2030
Bechtle Climate Protection Strategy 2030 – Avoidance. Reduction. Compensation. Our Targets: • We achieve climate neutrality i.e. net-zero carbon emissions, largely through reductive measures by 2030. • We choose a three-pronged approach of avoidance, reduction and compensation with certified climate
Slide 14: 3 Business development
3 Business development. 15/5/2024 | Bechtle AG | Company Presentation 14
Slide 15: Business volume – A solid start to the year
Business volume – A solid start to the year. in €m -4.1% +14.3% +3.4% Q1 2023 Q1 2024 1,951 1,886 1,113 1,067 883 773 Germany International Group 15/5/2024 | Bechtle AG | Company Presentation 15
Slide 16: Revenue – IFRS 15 obscures real business development
Revenue – IFRS 15 obscures “real” business development. in €m -2.3% -2.3% 1,538 1,503 1,538 1,503 IT E-commerce 570* 607 571 +0.2% International 632 +4.2% IT SH & MS 969* 932 -3.8% Germany 932 871 -6.5% Q1 2023 Q1 2024 *adjusted to account for Q1 2023 Q1 2024 revised segment allocation 15/5/2024 | B
Slide 17: EBIT – Good group-wide development
EBIT – Good group-wide development – Significant imbalance in segment profitability. in €m -6.0% +28.6% +3.9% Q1 2023 Q1 2024 Margin 84.1 81.0 57.8* 54.3 29.8 23.2* 6.0%* 5.8% 4.1%* 5.2% 5.3% 5.6% IT SH & MS IT E-commerce Group *adjusted 15/5/2024 | Bechtle AG | Company Presentation 17
Slide 18: Operative cashflow – Considerable improvement yoy
Operative cashflow – Considerable improvement yoy. in €m Swing: 65.5 45.3 23.5 20.6 -20.2 -127.1 Q1 2020 Q1 2021 Q1 2022 Q1 2023 Q1 2024 15/5/2024 | Bechtle AG | Company Presentation 18
Slide 19: Employees – Moderate increase of 2.6% without acquisitions
Employees – Moderate increase of 2.6% without acquisitions. +86 employees +921 employees +0.6% +6.4% 15,245 15,159 14,840 14,505 14,324 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 15/5/2024 | Bechtle AG | Company Presentation 19
Slide 20: 4 The Bechtle Share
4 The Bechtle Share. 15/5/2024 | Bechtle AG | Company Presentation 20
Slide 21: The Bechtle share – High volatility
The Bechtle share – High volatility. 31/12/2023 10/05/24 Performance (ytd) €45.39 €45.64 Bechtle +0.6% DAX* 12.1% 50 € TecDAX* +2.0% MDAX* -1.4% * indexed 45 € 40 € J 24 F 24 M 24 A 24 M 24 15/5/2024 | Bechtle AG | Company Presentation 21
Slide 22: 5 News and Highlights
5 News and Highlights. 15/5/2024 | Bechtle AG | Company Presentation 22
Slide 23: Stepping up international management
1 Stepping up international management – Bechtle appoints Marijke Kasius and Mathilde Bluteau as Vice Presidents. Since 1 January 2024, Marijke Kasius has been leading Bechtle’s activities in the Netherlands. In France, Mathilde Bluteau joined Bechtle as Vice President on 1 April 2024. 15/5/2024 | B
Slide 24: Robust and trusted partnerships – HP Global Power Elite Partner
2 Robust and trusted partnerships – Bechtle is HP Global Power Elite Partner. HP Inc. has awarded Bechtle its new highest partnership status. As an HP Global Power Elite Partner, Bechtle ranks among the six world’s most capable HP partners. 15/5/2024 | Bechtle AG | Company Presentation 24
Slide 25: The future in sight – Bechtle and Planet AI
The future in sight – 3 Bechtle and Planet AI expand AI footprint in Rostock. Bechtle expands its AI network with Planet AI, collaborating closely with the Centre for Artificial Intelligence in Mecklenburg-West Pomerania, the University of Rostock, and the state government. 15/5/2024 | Bechtle AG |
Slide 26: 6 Outlook
6 Outlook. 15/5/2024 | Bechtle AG | Company Presentation 26
Slide 27: Forecast – Digitalisation continues to drive growth
Forecast – Digitalisation continues to drive growth. Average growth per year +5.9% Revenue in €bn 143.6 152.6 128.6 139.4 IT market in Germany – Consistently high growth. 2021 2022 2023 2024 Source: bitkom Revenue Average growth per year +10.3% in $bn 59.2 65.3 48.7 53.7 44.0 IT security – High pote
Slide 28: Outlook – Bechtle affirms forecast
Outlook – Bechtle affirms forecast. Overall economic conditions remain challenging in the 2024 fiscal year. Context. Above-average growth expected in the IT market. Individual markets and technologies (security, cloud, edge computing, AI) driving growth. Gradual uptick of demand across the board not
Slide 29: Any questions?
Any questions? All key figures and information can also be found at: bechtle.com/reports 15/5/2024 | Bechtle AG | Company Presentation 29