Basler Ag · XETR:BSL

Basler — Q1 2021 Earnings Presentation

23 slides from Basler's earnings presentation, May 6, 2021

  1. Slide 1: Quarterly Report Q1, 2021

    Quarterly Report Q1, 2021 May 6th, 2021 Hardy Mehl | CFO/COO Public | © Basler AG

  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 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 3

  4. Slide 4: Executive Summary: Market & Business Performance

    Executive Summary Market & Business Performance Market Environment  German industry for vision components billings 5 % and bookings 15 %*  High growth in semicon, electronics and logistics applications  Strong momentum in Asia  Global shortage of semiconductor components Basler Performance  Boo

  5. Slide 5: Executive Summary: Product Highlights & Innovations

    Executive Summary Product Highlights & Innovations Latest Product Introductions & Innovations  Launch of six new high-resolution models of the boost camera series with CoaXPress 2.0  New embedded vision processing kit was introduced on embedded world 2021 DIGITAL  New cooperation activities with

  6. Slide 6: Executive Summary: Organization

    Executive Summary Organization 34 % Sales & Marketing 25 % Production  12 FTEs more since Dec. 31, 2020 825*  New org architecture since April 1 to better support our strategic journey to a full range provider  Hiring program initiated to 15 % Administration further scale the company 26 % R&D *fu

  7. Slide 7: Executive Summary: Misc. Highlights

    Executive Summary Misc. Highlights - We are on the move! Winner of “Axia Best Managed Companies Award“ for excellent corporate management HQ Building Expansion World Wide S/4 Hana implementation ongoing Public | © Basler AG 7

  8. Slide 8: From Camera Manufacturer to Full Range Provider

    Executive Summary From Camera Manufacturer to Full Range Provider Computer Vision Processing/Embedded Full Range Product Portfolio Provider Lenses Cables Cameras Factory Medical & ITS Logistics Retail Automation Life Science Markets/Applications Public | © Basler AG 8

  9. Slide 9: Agenda

    Agenda 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 9

  10. Slide 10: Development of Bookings and Billings

    Financials Development of Bookings and Billings Revenue mill. € 67 Order Entry mill. € 53 53 55 44 45 39 40 41 36 Q1 Q2 Q3 Q4 Q1 2020 2021 Public | © Basler AG 10

  11. Slide 11: Revenue Split by Region

    Financials Revenue Split by Region Basler AG Headquarters 1 Ahrensburg, Germany 1 5 Basler Subsidiaries 2 7 8 2 Exton, U.S. 6 3 Taiwan 3 4 Singapur Total € 54.6 mill. 5 Silicon Software 4 6 Basler China 7 Korea 17 % 27 % 56 % 8 Japan Americas EMEA Asia Public | © Basler AG 11

  12. Slide 12: Development of Gross Profit and Margin

    Financials Development of Gross Profit and Margin Gross Margin % 54.6% 53.5% Gross Profit mill. € 52.6% 51.4% 50.4% 29.8 23.0 24.2 20.7 20.8 Q1 Q2 Q3 Q4 Q1 2020 2021 Public | © Basler AG 12

  13. Slide 13: Development of EBT and EBT-Margin

    Financials Development of EBT and EBT-Margin EBT % 18.1% EBT mill. € 14.4% 14.6% 13.2% 5.6% 9.9 6.3 6.6 5.3 2.3 Q1 Q2 Q3 Q4 Q1 2020 2021 Public | © Basler AG 13

  14. Slide 14: P&L KPIs

    Financials P&L KPIs (mill. €) 3 Months 2021 3 Months 2020 +/- Order Entry 67.3 52.9 +27% Sales 54.6 43.7 +25% Gross Profit 54.6% 52.6% +2.0 Pp. EBITDA 14.7 9.5 +55% EBIT 10.1 6.4 +58% EBT 9.9 6.3 +57% Net Income 7.8 4.7 +66% EPS* 0.78 0.47 +66% *All numbers other than EPS in mill. €, EPS in € Public

  15. Slide 15: Development Free Cashflow

    Financials Development Free Cashflow (mill. €) FCF mill. € 13.3 12.3 OCF mill. € 9.7 6.9 ICF mill. € 5.3 3.7 4.7 2.0 1.0 -1.9 Q1 Q2 Q3 Q4 Q1 -3.9 -3.6 -4.3 -5.4 -9.7 2020 2021 Public | © Basler AG 15

  16. Slide 16: Cashflow & Liquidity

    Financials Cashflow & Liquidity (in mill. €) 3 Months 2021 3 Months 2020 Cash, b.o. period 47.9 35.2 Cash flow from Operations 4.7 2.0 March Dec. 31st, Cash flow from 31st, 2021 2020 Investments -3.6 -3.9 Liabilities Free Cash flow 1.0 -1.9 to banks -24.2 -25.2 Cash flow from -1.9 5.1 Cash & Cash Fi

  17. Slide 17: Agenda

    Agenda 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 17

  18. Slide 18: Basler Share Performance

    Share Basler Share Performance - Basler Share - TDXP Index Number of shares: 160 10.5 mill., Prime Standard opening price closing price 140 € 72.00 € 98.20 Market cap e.o. March 2021: 120 € 982,6 mill. 100 80 60 40 20 0 Public | © Basler AG 18

  19. Slide 19: Agenda

    Agenda 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 19

  20. Slide 20: Outlook: Market Environment

    Outlook Market Environment Strong demand of Q1 continued also in April. Customers and PMIs give positive outlook for the coming months. For the coming months, we expect:  order entries from semicon/electronics to stay high and start to cool down towards the end of the quarter (seasonal effect)  bu

  21. Slide 21: Basler Guidance 2021

    Outlook Basler Guidance 2021 Based on the sound Q1-results and strong bookings in April as well as customers‘ feedback and leading market indicators, we‘ve raised our annual guidance a few days ago. Guidance for 2021:  Revenues € 205 - 225 mill.  EBT-Margin 13 – 15.5 % Public | © Basler AG 21

  22. Slide 22: 2023 Outlook: Financial Mid-term Plan

    2023 Outlook Financial Mid-term Plan 15% 12% CAGR EBT Margin 2023 €250 mill. 70% Revenue CCR* * Cash Conversation Rate FCF/EAT (excl. M&A transactions) ** Mid-term goals, 2023 Public | © Basler AG 22

  23. Slide 23: Questions & Answers

    Questions & Answers Verena Fehling Phone +49 4102 463 101 Verena.Fehling@baslerweb.com Public | © Basler AG 23

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