Basler Ag · XETR:BSL

Basler — Q1 2014 Earnings Presentation

34 slides from Basler's earnings presentation, 2014

  1. Slide 1: Financial Results Q1 2014

    Financial Results Q1 2014 Dietmar Ley (CEO), Hardy Mehl (CFO/COO) 1

  2. Slide 2: Disclaimer

    Disclaimer This document includes forward looking statements on Basler AG, its subsidiaries and associates, and on the economic und political conditions that may influence the business performance of Basler AG. All these statements are based on assumptions made by the Executive Board using informati

  3. Slide 3: Agenda

    Agenda  Company Profile  Growth Strategy  Review & Financials  Outlook 3

  4. Slide 4: Company Profile: Who We Are

    Company Profile Who We Are  A public listed family business  The most trusted name in industrial cameras  Founded in 1988  2013 revenue € 65.1 million  340 employees  Headquarters in Ahrensburg, Germany 4

  5. Slide 5: Company Profile: What We Make

    Company Profile What We Make  Cameras, made for  professional users (e.g. OEMs)  usage in investment goods (i.e. integration into machines)  automated imaging applications (e.g. quality inspection, license plate reading, blood analysis, face recognition)  8 - 10 year product life cycle 5

  6. Slide 6: Company Profile: Which Markets We Serve

    Company Profile Which Markets We Serve New Business Factory Automation Traffic, Medical, Transportation Life Sciences 6

  7. Slide 7: Company Profile: Which Markets We Serve

    Company Profile Which Markets We Serve  Factory Automation, Medical & Life Sciences, Traffic & Transportation  Professional Camera Market ~ € 750 mill.  CAGR 8 – 10 %  New Business  Professional Camera Market ~ € 100 mill.  CAGR > 20 % 7

  8. Slide 8: Company Profile: Where We Are

    Company Profile Where We Are 19% 37% 44% *as of March 31, 2014 8

  9. Slide 9: Company Profile: What We Are Made Of

    Company Profile What We Are Made Of PRODUCTION 25% SALES & MARKETING 28% ADMINISTRATION R&D 21% 26% *351 fulltime equivalent jobs as of March 31th, 2014 9

  10. Slide 10: Company Profile: Experienced Management-Team

    Company Profile Experienced Management-Team Dr. Dietmar Ley Arndt Bake John P. Jennings Hardy Mehl (Chief Executive Officer) (Chief Marketing Officer) (Chief Commercial Officer) (Chief Financial Officer, Chief Operations Officer) ▪ Joined Basler in 1993 ▪ Joined Basler in 2001 ▪ Joined Basler in 199

  11. Slide 11: Company Profile: Basler Share

    Company Profile Basler Share  Shareholder Structure *as of March 31th, 2014 11

  12. Slide 12: Agenda

    Agenda  Company Profile  Growth Strategy  Review & Financials  Outlook 12

  13. Slide 13: What Drives Us: Our Vision & Mission

    What Drives Us Our Vision & Mission  Advances in technology will improve the quality of our lives  We give technology the power of sight 13

  14. Slide 14: We Are Helping To Inspect Steel, Paper and Plastic

    Vision & Mission We Are Helping To Inspect Steel, Paper and Plastic 14

  15. Slide 15: We Are Helping To Develop Better Eye-Care

    Vision & Mission We Are Helping To Develop Better Eye-Care 15

  16. Slide 16: We Are Helping To Make American School Buses Safer

    Vision & Mission We Are Helping To Make American School Buses Safer 16

  17. Slide 17: We Are Helping To Analyze Sports Events

    Vision & Mission We Are Helping To Analyze Sports Events 17

  18. Slide 18: Where We Are Going: Strategic Goals

    Where We Are Going Strategic Goals *medium-term goals 2018 18

  19. Slide 19: Where We Are Going: Strategic Goals

    Where We Are Going Strategic Goals We achieve our 4YP by  maximizing top-line growth at a healthy margin of >10% EBIT  creating economic value with a ~15 % ROCE (NOPAT) @ 7 - 9% WACC  generating positive free cash flows on a fiscal year base  being focused on organic growth 19

  20. Slide 20: How We'll Get There: Strategy

    How We’ll Get There Strategy We evolve from  being an industrial camera company  to become a camera company (for B2B markets) We grow by  expanding our industrial camera business with regard to products and regions  entering non-factory camera applications and markets 20

  21. Slide 21: How We'll Get There: Strategy, Market Position

    How We’ll Get There Strategy, Market Position High Tomorrow End ■ Maintain position in High-End ■ Expand position Mainstream in Mainstream ■ Expand position in Entry-Level Entry Level 21

  22. Slide 22: Our Cameras Helping To Make Autonomous Construction Machines?

    How We’ll Get There Our Cameras Helping To Make Autonomous Construction Machines? 22

  23. Slide 23: Our Cameras Helping To Make Kiosks Easier To Use?

    How We’ll Get There Our Cameras Helping To Make Kiosks Easier To Use? 23

  24. Slide 24: Our Cameras Helping To Automate Self-Checkout Systems?

    How We’ll Get There Our Cameras Helping To Automate Self-Checkout Systems? 24

  25. Slide 25: Agenda

    Agenda  Company Profile  Growth Strategy  Review & Financials  Outlook 25

  26. Slide 26: Business Review: Market Situation & Growth Drivers in Q1 2014

    Business Review Market Situation & Growth Drivers in Q1 2014  Bookings and billings are above general machine vision market development*  No business impact due to Ukraine situation  Gigabit Ethernet cameras were the main growth drivers in the product portfolio  Asia continued to be the fastest

  27. Slide 27: Final Results Q1-2014: Profit & Loss

    Final Results Q1-2014 Profit & Loss Q1-2013 Q1-2014 +/- Order Entry 17.6 19.3 +10 % Sales 15.1 17.2 +14 % Gross Profit 7.6 8.7 +14 % EBIT 2.0 2.3 +15 % EBT 1.8 1.9 +6 % Net Income 1.2 1.3 +8 % EPS* 0.35 0.39 +11 % *All numbers other than EPS in € mill., EPS in € 27

  28. Slide 28: Final Results Q1-2014: Cashflow

    Final Results Q1-2014 Cashflow Q1-2013 Q1-2014 +/- Cash, b.o. period 8.2 9.7 +18 % Cashflow from Operations 1.9 1.6 -16 % Cashflow from Investments -1.2 -1.8 +50 % Free Cashflow 0.7 -0.2 n. a. Cashflow from Financing -0.8 -0.9 -13 % Cash, e.o. period 8.1 8.6 +6 % *All numbers in € mill. 28

  29. Slide 29: Final Results Q1-2014: Net Cash

    Final Results Q1-2014 Net Cash December March 31st, +/- 31st, 2013 2014 Liabilities -6.0 -5.9 -2 % to banks Total Debt -6.0 -5.9 -2 % Cash & Cash equivalents 9.7 8.6 -11 % Operative 3.7 2.7 -27 % Net Cash *Numbers in € mill. 29

  30. Slide 30: Agenda

    Agenda  Company Profile  Growth Strategy  Financials  Outlook 30

  31. Slide 31: Outlook: 2014 Environment

    Outlook 2014 Environment  Global macro-economic environment expected to remain mostly unchanged (if geopolitical tensions can be managed)  Demand for investment goods expected to slightly improve  No significant devaluation of US Dollar and Japanese Yen anticipated 31

  32. Slide 32: Outlook: What's Important For Basler In 2014?

    Outlook What‘s Important For Basler In 2014?  Further expand market leadership in Gigabit-Ethernet camera market  Ramp-up USB-3 product line & leverage early-mover advantage  Gain market share in line scan camera market  Prepare for becoming a € 100 mill.+ company in all value-generating functio

  33. Slide 33: Outlook: Guidance FY-2014

    Outlook Guidance FY-2014  Revenue € 70 – 74 mill.  EBT-Margin 8 – 10%  Positive free cashflow (on fiscal year base)  1st year w/o new orders from former business segment Solutions 33

  34. Slide 34: Ask Questions

    Ask Questions Get Answers Petra.Vogeler@baslerweb.com Tel. +49 4102 463 101 34

Basler — Q1 2014 Earnings Presentation on 6ix