Slide 1: Bechtle AG – 2nd Quarter and 1st Half-year 2023
Bechtle AG – 2nd Quarter and 1st Half-year 2023 Welcome! Neckarsulm | 11 August 2023 | Dr Thomas Olemotz
Slide 2: Contents
Contents. 1 Business development. 2 The Bechtle share. 3 Current news. 4 2023 outlook. 11/08/2023 | Bechtle AG | 2nd Quarter 2023 2
Slide 3: 1 Business development
1 Business development. 11/08/2023 | Bechtle AG | 2nd Quarter 2023 3
Slide 4: Business volume – Growth remains high
Business volume – Growth remains high. in €m +15.8% +9.2% +12.4% 2022 2023 3,702 3,292 1,886 1,816 1,629 1,663 1st Quarter 2nd Quarter 1st Half-year 11/08/2023 | Bechtle AG | 2nd Quarter 2023 4
Slide 5: Revenue – 1st half-year up significantly yoy
Revenue – 1st half-year up significantly yoy. in €m +11.6% +6.5% +9.0% 2022 2023 3,048 2,797 1,538 1,510 1,379 1,418 1st Quarter 2nd Quarter 1st Half-year 11/08/2023 | Bechtle AG | 2nd Quarter 2023 5
Slide 6: Revenue – System House and Managed Services drives growth
Revenue – System House and Managed Services drives growth. +6.5% 6.5% in €m 1,510 1,510 1,418 1,418 525 -4.8% 586 +10.3% 552 531 IT E-commerce International IT SH & MS 985 +13.7% Germany 924 +4.3% 866 886 Q2 2022 Q2 2023 Q2 2022 Q2 2023 11/08/2023 | Bechtle AG | 2nd Quarter 2023 6
Slide 7: EBIT – Half-year margin more or less at prior-year level
EBIT – Half-year margin more or less at prior-year level. in €m +7.5% +7.0% +7.2% 2022 2023 177.1 Margin 165.1 96.1 89.8 81.0 75.3 5.5% 5.3% 6.3% 6.4% 5.9% 5.8% 1st Quarter 2nd Quarter 1st Half-year 11/08/2023 | Bechtle AG | 2nd Quarter 2023 7
Slide 8: EBIT – System House and Managed Services lifts yoy margin
EBIT – System House and Managed Services lifts yoy margin. in €m +18.3% -9.9% +7.0% Q2.2022 Q2.2023 Margin 96.1 89.8 63.8 53.9 35.9 32.3 6.2% 6.5% 6.5% 6.2% 6.3% 6.4% IT SH & MS IT E-commerce Group 11/08/2023 | Bechtle AG | 2nd Quarter 2023 8
Slide 9: Operative cashflow – Significant improvement in inventories and trade receivables
Operative cashflow – Significant improvement in inventories and trade receivables. in €m 85.2 26.8 17.1 7.6 -75.3 Q2 2019 Q2 2020 Q2 2021 Q2 2022 Q2 2023 11/08/2023 | Bechtle AG | 2nd Quarter 2023 9
Slide 10: Employees – Organic growth rather muted at 6.5%
Employees – Organic growth rather muted at 6.5%. +181 Employees +1,306 Employees +1.3% +9.9% 14,505 14,324 14,046 13,789 13,199 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 11/08/2023 | Bechtle AG | 2nd Quarter 2023 10
Slide 11: 2 The Bechtle share
2 The Bechtle share. 11/08/2023 | Bechtle AG | 2nd Quarter 2023 11
Slide 12: Bechtle share – Volatile performance, yet a positive development overall
Bechtle share – Volatile performance, yet a positive development overall. 31/12/2022 30/06/23 31/07/23 Performance (ytd) €33.06 €36.32 €40.03 45 € Bechtle +21.1% DAX* +18.1% MDAX* +14.8% 40 € TecDAX* +14.0% * indexed 35 € 30 € J 23 F 23 M 23 A 23 M 23 J 23 J 23 11/08/2023 | Bechtle AG | 2nd Quarter
Slide 13: 3 Current news
3 Current news. 11/08/2023 | Bechtle AG | 2nd Quarter 2023 13
Slide 14: Bechtle intends to purchase the French IT system house Apixit
1 Bechtle intends to purchase the French IT system house Apixit. Apixit is a cybersecurity and IT infrastructure service provider headquartered in Les Ulis, near Paris. 11/08/2023 | Bechtle AG | 2nd Quarter 2023 14
Slide 15: Bechtle acquires IT system house in Spain
2 Bechtle acquires IT system house in Spain. Bechtle has acquired the Spanish system house, Prosol, to broaden its Spanish portfolio and include IT services for the first time. 11/08/2023 | Bechtle AG | 2nd Quarter 2023 15
Slide 16: Bechtle acquires IT consulting company, sastema
3 Bechtle acquires IT consulting company, sastema. In sastema GmbH, Bechtle has acquired a specialist in Identity & Access Management (IAM), governance, risk and compliance management, and information security. 11/08/2023 Bechtle AG | 2nd Quarter 2023 16
Slide 17: 4 2023 outlook
4 2023 outlook. 11/08/2023 | Bechtle AG | 2nd Quarter 2023 17
Slide 18: Outlook – Guidance confirmed
Outlook – Guidance confirmed. Assumptions. No deterioration in overall economic situation in second half-year despite weak confidence indicators. Limited growth at worst. Positive investment impulses of industrial SMEs will increase over the course of the year. Supply bottlenecks for our manufacturi
Slide 19: Any questions?
Any questions? All key figures and information can also be found at: bechtle.com/reports 11/08/2023 | Bechtle AG | 2nd Quarter 2023 19