Slide 1: Bechtle AG – 1st Quarter 2019
Bechtle AG – 1st Quarter 2019 Neckarsulm | 10 May 2019
Slide 2: Contents
Contents. 1. Business development 2. The Bechtle share 3. News and updates 4. Outlook 2019 10.05.2019 | Bechtle AG | 1st Quarter 2019 2
Slide 3: Revenue – Very strong start to the year
Revenue – Very strong start to the year. Q1.2018 +18.8% +54.0% +29.8% Q1.2019 1,240 955 782 658 458 297 in €m IT SH & MS IT E-commerce Group 10.05.2019 | Bechtle AG | 1st Quarter 2019 3
Slide 4: Revenue – Much stronger growth abroad
Revenue – Much stronger growth abroad. Q1.2018 +14.6% +62.7% +29.8% Q1.2019 1,240 955 749 654 491 302 in €m Germany Abroad Group 10.05.2019 | Bechtle AG | 1st Quarter 2019 4
Slide 5: Gross margin – Under growth-related pressure
Gross margin – Under growth-related pressure. 15.1 15.0 14.6 14.2 in % Q1.16 Q1.17 Q1.18 Q1.19 10.05.2019 | Bechtle AG | 1st Quarter 2019 5
Slide 6: EBIT – Margin without ppa effects at 3.9%
EBIT – Margin without ppa effects at 3.9%. Q1.2018 +9.5% +70.9% +29.6% Q1.2019 46.3 35.7 24.1 26.4 19.9 11.6 in €m IT SH & MS IT E-commerce Group Margin 3.7% 3.4% 3.9% 4.3% 3.7% 3.7% 10.05.2019 | Bechtle AG | 1st Quarter 2019 6
Slide 7: Employees – Headcount up due to organic growth and acquisitions
Employees – Headcount up due to organic growth and acquisitions. +329 employees +1,707 employees = 3.3% = 19.8% 10,334 10,005 9,651 8,790 8,627 Q1.18 Q2.18 Q3.18 Q4.18 Q1.19 10.05.2019 | Bechtle AG | 1st Quarter 2019 7
Slide 8: Key financial figures
Key financial figures. 57.6 Q1.2018 Equity ratio 43.0 Q1.2019 13.8 Return on equity* 15.6 [* annualised based on Q1, [in %] linearised projection] 580.8 31.12.2018 Working capital 31.03.2019 623.6 250.9 Liquidity** 191.6 [in €m.] [** including time deposits and securities] 10.05.2019 | Bechtle AG |
Slide 9: The Bechtle share – New all-time high
The Bechtle share – New all-time high. 31.12.2018 08.05.2019 €67.85 €92.00 Performance ytd 95 € 90 € Bechtle +35.6% 85 € MDAX* +18.6% 80 € TecDAX* +17.0% 75 € 70 € DAX* +15.4% *indexed 65 € 60 € J 19 F 19 M 19 A 19 M 19 10.05.2019 | Bechtle AG | 1st Quarter 2019 9
Slide 10: Growth I – Construction starts on a new office building
1 Growth I Construction starts on a new 8,700 m² office building. Room for an additional 600 desks at Bechtle Platz 1. To be ready in October 2020. 35,300 m² total office space at the group headquarters. 10.05.2019 | Bechtle AG | 1st Quarter 2019 10
Slide 11: Growth II – Boost to Managed Services
2 Growth II Boost to Managed Services. 320 employees join Bechtle Onsite Services from IBM. Bechtle delivers services on behalf of IBM. Onsite Services is largest Bechtle Group subsidiary with more than 900 employees. 10.05.2019 | Bechtle AG | 1st Quarter 2019 11
Slide 12: Growth III – Record attendance at Bechtle Competence Days
3 Growth III Record attendance at Bechtle Competence Days. 3,500 visitors explore the Bechtle portfolio. Focus on IT security, modern workplace, cloud. Keen interest in digitalisation (Industry 4.0, etc.). 10.05.2019 | Bechtle AG | 1st Quarter 2019 12
Slide 13: Outlook 2019 – Start to the year confirms our expectations
Outlook 2019 – Start to the year confirms our expectations. Economic conditions. Economic atmosphere in Germany and Europe weakens. Waning growth dynamic in the IT market – 2019 will be a challenging year. Forecast. Very significant growth in terms of revenue and earnings, including acquisitions. EB
Slide 14: Any questions?
Any questions? For more information: bechtle.com 10.05.2019 | Bechtle AG | 1st Quarter 2019 14