Basler Ag · XETR:BSL

Basler — Q1 2018 Earnings Presentation

22 slides from Basler's earnings presentation, May 2, 2018

  1. Slide 1: Quarterly Report Q1, 2018

    Quarterly Report Q1, 2018 May 2, 2018 Hardy Mehl | CFO/COO Public | © Basler AG

  2. Slide 2: Agenda

    Agenda 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 02.05.2018 2

  3. Slide 3: Executive Summary: Highlights First Three Months 2018

    Executive Summary Highlights First Three Months 2018 Strong growth in a cooling-off market environment  Market order intake down by -5% and billings up 6% (source: VDMA, YTD-Feb 2018); healthy market conditions but less dynamic than Q1 last year  Weaker demand in the semiconductor and electronics

  4. Slide 4: Executive Summary: Main new product introductions

    Executive Summary Highlights First Three Months 2018 Main new product introductions  New Basler ace cameras with CMOS sensors  Launch of new Basler ace MED product line  Introduction of new embedded vision interface called “BCON for Mipi” Public | © Basler AG 02.05.2018 4

  5. Slide 5: Agenda

    Agenda 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 02.05.2018 5

  6. Slide 6: Development of Booking and Billings

    Financials Development of Booking and Billings Revenue mill. € 60 Order Entry mill. € 45 46 42 43 40 36 29 29 27 26 27 26 25 26 22 23 24 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2016 2017 2018 Public | © Basler AG 6

  7. Slide 7: Revenue Split by Regions

    Financials Revenue Split by Regions 11% 41% 48% *as of March 31, 2018 Public | © Basler AG 02.05.2018 7

  8. Slide 8: Development of Gross Profit and Margin

    Financials Development of Gross Profit and Margin Gross Profit/Margin IFRS 53.2% 54.3% 54.7% 54.3% incl. Depreciation 48.8% mill. €/% 49.6% 50.9% 51.2% 50.6% Gross Profit/ 43.6% Margin HGB mill. €/% 23.3 24.4 22.9 21.8 22.7 21.5 18.0 19.3 14.2 12.7 Q1 Q2 Q3 Q4 Q1 2017 2018 Public | © Basler AG 8

  9. Slide 9: EBT Development by Quarter

    Financials EBT Development by Quarter EBT mill. € 24.4% 24.9% 24.1% EBT % 21.8% 3.4% 10.3 10.6 10.8 7.9 1.0 Q1 Q2 Q3 Q4 Q1 2017 2018 Public | © Basler AG 02.05.2018 9

  10. Slide 10: P&L KPIs Q1/2018 versus Q1/2017

    Financials P&L KPIs Q1/2018 versus Q1/2017 Q1/2017 Q1/2018 +/- Order Entry 60.4 46.1 -24 % Sales 36.3 44.9 +24 % Gross Profit 49.6 % 50.6 % +1 Pp. EBITDA 10.0 14.0 +40 % EBIT 8.0 10.8 +35 % EBT 7.9 10.8 +37 % Net Income 5.7 8.1 +42 % EPS* 1.78 2.52 +42 % *All numbers other than EPS in € mill., EPS i

  11. Slide 11: Development of Free Cashflow

    Financials Development of Free Cashflow (mill. €) 13.9 1.7 2.5 0.5 Q1 Q2 Q3 Q4 Q1 -4.2 2017 2018 Public | © Basler AG 02.05.2018 11

  12. Slide 12: Cash Flow Q1/2018 versus Q1/2017

    Financials Q1/2018 versus Q1/2017(in € mill.) Q1/2017 Q1/2018 Cash, b.o. period 19.4 36.0 Cashflow from Operations 4.2 -1.1 Cashflow from Investments -2.5 -3.1 Free Cashflow 1.7 -4.2 Cashflow from Financing -1.5 -0.8 Cash, e.o. period 19.6 31.0 Public | © Basler AG 02.05.2018 12

  13. Slide 13: Net Cash

    Financials Net Cash (in € mill.) Dec. 31st, March 31st, +/- 2017 2018 Liabilities -1 % to banks -11.0 -10.9 Cash & Cash equivalents 36.0 31.0 -14 % Operative Net Cash 25.0 20.1 -20 % Public | © Basler AG 02.05.2018 13

  14. Slide 14: New Hires and Distribution by Function

    Financials New Hires and Distribution by Function ~25 new hires PRODUCTION during Q1/2018 30% 552* SALES & MARKETING 29% R&D 27% ADMINISTRATION 14% *552 fulltime equivalent jobs e/o Q1/2018 Public | © Basler AG 02.05.2018 14

  15. Slide 15: Agenda

    Agenda 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 02.05.2018 15

  16. Slide 16: Basler Share versus TecDax

    Share Basler Share versus TecDax Public | © Basler AG 02.05.2018 16

  17. Slide 17: Agenda

    Agenda 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 02.05.2018 17

  18. Slide 18: Outlook: Business Outlook

    Outlook Business Outlook Based on the strong first three months, we…  expect bookings and billings to stay stable in Q2 and to decline in the 2nd half of the year  will continue to grow and adjust the organization, thus increase OPEX over the course of the year  anticipate a lower profitability m

  19. Slide 19: Outlook: 2018 Guidance

    Outlook 2018 Guidance We confirm our guidance from February 23rd, 2018  Revenue 145 - 160 mill. €  EBT-Margin 13 – 15 % Public | © Basler AG 02.05.2018 19

  20. Slide 20: 2022 Outlook: Financial Mid-term Plan

    2022 Outlook Financial Mid-term Plan * Cash Conversation Rate FCF/EAT ** Mid-term goals, 2022 Public | © Basler AG 02.05.2018 20

  21. Slide 21: 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

  22. Slide 22: Questions & Answers

    Questions & Answers Verena Fehling Phone +49 4102 463 101 Verena.Fehling@baslerweb.com Public | © Basler AG 02.05.2018 22

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