Slide 1: Bechtle AG 3rd Quarter 2019
Bechtle AG 3rd Quarter 2019 Neckarsulm | 13 November 2019
Slide 2: Contents
Contents. 1. Business development 2. The Bechtle share 3. News and updates 4. Outlook 13/11/2019 | Bechtle AG | 3rd Quarter 2019 2
Slide 3: Revenues – Double-digit growth continues in Q3
Revenues – Double-digit growth continues in Q3. +29.8% +30.7% +21.6% +27.2% 2018 2019 +15.3%* +16.9%* +12.3%* +14.8%* * Organic 3,777 growth 2,970 1,240 1,261 1,276 955 965 1,050 1st Quarter 2nd Quarter 3rd Quarter 9 Months in €m 13/11/2019 | Bechtle AG | 3rd Quarter 2019 3
Slide 4: Revenue – Organic growth balanced between segments
Revenue – Organic growth balanced between segments. +17.3% +30.7% +21.6% Q3.2018 Q3.2019 +13.5%* +9.9%* +12.3%* * Organic growth 1,276 1,050 837 714 439 336 IT SH & MS IT E-Commerce Group in €m 13/11/2019 | Bechtle AG | 3rd Quarter 2019 4
Slide 5: Revenue – High dynamics abroad
Revenue – High dynamics abroad. +13.7% +38.0% +21.6% Q3.2018 Q3.2019 +10.3%* +16.5%* +12.3%* * Organic growth 1,276 1,050 805 708 472 342 Germany Abroad Group in €m 13/11/2019 | Bechtle AG | 3rd Quarter 2019 5
Slide 6: Gross margin – Improvement of service business
Gross margin – Improvement of service business. 16.2 15.6 14.9 14.6 Q3.16 Q3.17 Q3.18 Q3.19 in % 13/11/2019 | Bechtle AG | 3rd Quarter 2019 6
Slide 7: EBIT – Margin improvement in Q3
EBIT – Margin improvement in Q3. +29.6% +30.0% +25.6% +28.3% 161.7 2018 2019 126.1 57.1 58.4 46.3 43.9 46.5 35.7 1st Quarter 2nd Quarter 3rd Quarter 9 Months in €m 3.7% 3.7% 4.5% 4.5% 4.4% 4.6% 4.2% 4.3% Margin 13/11/2019 | Bechtle AG | 3rd Quarter 2019 7
Slide 8: EBIT – Earnings leap in System House & Managed Services
EBIT – Earnings leap in System House & Managed Services. +29.5% +18.0% +25.6% 58.4 Q3.2018 Q3.2019 46.5 40.1 30.9 15.5 18.3 IT SH & MS IT E-Commerce Group in €m 4.3% 4.8% 4.6% 4.2% 4.4% 4.6% Margin 13/11/2019 | Bechtle AG | 3rd Quarter 2019 8
Slide 9: Employees – Headcount up due to continued growth
Employees – Headcount up due to continued growth. +1,595 employees =16.5% 11,246 10,915 10,334 10,005 9,651 Q3.18 Q4.18 Q1.19 Q2.19 Q3.19 13/11/2019 | Bechtle AG | 3rd Quarter 2019 9
Slide 10: Key financial figures
Key financial figures. 46.7 9M.2018 Equity ratio 44.5 9M.2019 15.8 Return on equity* 17.6 * annualised based on 9M, in % linearised projection 31.12.2018 580.8 Working capital 30.09.2019 708.8 250.9 Liquidity** 154.9 in €m ** including time deposits and securities 13/11/2019 | Bechtle AG | 3rd Quart
Slide 11: Bechtle share – Consistently significantly above indices
Bechtle share – Consistently significantly above indices. 31/12/2018 30/09/2019 08/11/2019 Performance ytd €67.85 €93.35 €105.00 110 € Bechtle +54.8% 100 € DAX* +25.3% 90 € MDAX* +25.0% 80 € TecDAX* +19.2% 70 € *indexed 60 € J 19 F 19 M 19 A 19 M 19 J 19 J 19 A 19 S 19 O 19 N 19 13/11/2019 | Bechtle
Slide 12: Growth I – More international awards than ever
1 Growth I More international awards than ever, including Global Microsoft 365 and Surface Partner of the Year, HPE Global Solution Provider 2019 and Cisco Security Partner 2019. 13/11/2019 | Bechtle AG | 3rd Quarter 2019 12
Slide 13: Growth II – New academic year: trainees and students join Bechtle
2 Growth II New academic year: 229 trainees and students join Bechtle following 7 career paths and 8 degree programmes. 13/11/2019 | Bechtle AG | 3rd Quarter 2019 13
Slide 14: Growth III – Multi-cloud offering expanded with Google services
3 Growth III Bechtle expands its multi-cloud offering with Google services. These services will be available via the Bechtle cloud platform. 13/11/2019 | Bechtle AG | 3rd Quarter 2019 14
Slide 15: Growth IV – Bechtle expands footprint in Switzerland with two acquisitions
4 Growth IV Bechtle expands footprint in Switzerland with two acquisitions: The software company, algacom, and the managed services provider, Abissa, are now part of the Bechtle Group. 13/11/2019 | Bechtle AG | 3rd Quarter 2019 15
Slide 16: One Bechtle – Swiss businesses to be consolidated
5 One Bechtle The system house and services businesses in Switzerland are to be consolidated under Bechtle Schweiz AG/Bechtle Suisse SA, creating the biggest integrated IT service provider in Switzerland with some 560 employees. 13/11/2019 | Bechtle AG | 3rd Quarter 2019 16
Slide 17: Outlook fiscal year 2019 – Bechtle aiming for a record year
Outlook fiscal year 2019 – Bechtle aiming for a record year. Economic conditions. First signs that economic atmosphere in Europe and Germany has bottomed out in Q3. The IT market remains “robust” — Bechtle’s growth is unaffected. Organic growth in Q4.2019 potentially slightly weaker due to higher ba
Slide 18: Any questions?
Any questions? For more information: bechtle.com 13/11/2019 | Bechtle AG | 3rd Quarter 2019 18