Bechtle Ag · XETR:BC8
Bechtle — Q3 2014 Earnings Presentation
14 slides from Bechtle's earnings presentation, Nov 12, 2014
Slide 1: Bechtle AG Q3 2014
Bechtle AG Q3 2014 Neckarsulm | 12 November 2014
Slide 2: Agenda
Agenda. 1. Economic Conditions 2. Corporate Development 3. The Bechtle Share 4. News and Updates 5. Forecast for 2014 12.11.14 | Bechtle AG 2
Slide 3: General Market Conditions in Q3 2014
General Market Conditions in Q3 2014. Macroeconomy. Modest third quarter economic development. Economy in Germany and EU stabilises at low level. Sector. Overall mood in IT sector for Q3 is positive. PC sales up by 22.7 per cent in Western Europe. Ifo Business Climate Index suggests a decline for IT
Slide 4: Group Revenue Development. Growth Rate in Q3 Slows as Expected
Group Revenue Development. Growth Rate in Q3 Slows as Expected. 2013 2014 +13.7% +14.2% +16.4% +10.6% 1,809 1,591 514 587 519 604 559 618 Q1 Q2 Q3 9M [€ m.] 12.11.14 | Bechtle AG 4
Slide 5: Revenue Development by Segment. E-commerce Showed Strongest Growth
Revenue Development by Segment. E-commerce Showed Strongest Growth. Q3.2013 Q3.2014 +10.6% +9.2% +13.8% 618 559 385 421 174 198 IT System House & IT E-commerce Total Managed Services [€ m.] 12.11.14 | Bechtle AG 5
Slide 6: Group Gross Margin. Consistently High
Group Gross Margin. Consistently High. 15.8 15.4 14.9 15.3 15.1 15.0 15.3 15.2 15.1 14.9 14.9 14.4 14.8 14.7 14.8 Q1.11 Q2.11 Q3.11 Q4.11 Q1.12 Q2.12 Q3.12 Q4.12 Q1.13 Q2.13 Q3.13 Q4.13 Q1.14 Q2.14 Q3.14 [in%] 12.11.14 | Bechtle AG 6
Slide 7: Group Earnings Development (EBIT)
Group Earnings Development (EBIT). Double-digit Growth Rate Persists in Q3. +36.4% 2013 2014 +46.0% +55.9% +19.3% 74.5 54.6 25.2 30.0 21.2 23.3 14.5 15.0 Q1 Q2 Q3 9M [€ m.] Margin Margin Margin Margin 2.8% 2.9% 4.5% 3.4% 3.6% 3.9% 4.9% 4.1% 12.11.14 | Bechtle AG 7
Slide 8: EBIT Development by Segment. Exceptional Margin Development
EBIT Development by Segment. Exceptional Margin Development. Q3.2013 Q3.2014 +19.3% +14.8% +28.7% 30.0 25.2 19.6 17.0 10.5 8.2 IT System House & IT E-commerce Total Managed Services [€ m.] Margin Margin Margin 4.4% 4.7% 4.5% 4.6% 5.3% 4.9% 12.11.14 | Bechtle AG 8
Slide 9: Group Employee Growth. Continuous Increase
Group Employee Growth. Continuous Increase. 6,534 6,352 6,393 6,053 6,150 6,219 5,978 5,970 5,959 5,750 5,584 5,479 5,357 5,139 4,875 Q1.11 Q2.11 Q3.11 Q4.11 Q1.12 Q2.12 Q3.12 Q4.12 Q1.13 Q2.13 Q3.13 Q4.13 Q1.14 Q2.14 Q3.14 12.11.14 | Bechtle AG 9
Slide 10: Selected Key Financial Figures
Selected Key Financial Figures. 59.4% Equity Ratio / Return on Assets Improved from Previous Year. 31.12.2013 30.09.2014 Q3.2014 Q3.2013 501.6 Return on Equity +6.4% equity % 14.5 11.5 533.8 Return on total assets % 8.3 6.8 156.1 Liquidity* -24.0% 118.7 [€ m.] [* including time deposits and securiti
Slide 11: The Bechtle Share. Positive Development Despite High Volatility
The Bechtle Share. Positive Development Despite High Volatility. 2.1.14 7.11.14 €49.33 €61.72 Market Figures (07/11/2014) 65 € Market capitalisation €1,296m 60 € Performance (ytd) - Bechtle 25.1% 55 € - DAX -1.2% - TecDAX 7.7% 50 € Bechtle - DAXsubsector 8.2% TecDAX (indexed) DAXsubsector IT Service
Slide 12: The Latest Developments at Bechtle
The Latest Developments at Bechtle. Global Alliance. Bechtle #1. Industry 4.0 Lab. Lexel Systems Ltd. expands Bechtle’s global IT network: 180 employees in New Zealand and Australia, 50 million dollars revenue, specialist for IT infrastructure and IT services. Bechtle becomes Germany’s largest syste
Slide 13: Forecast. 2014 Fiscal Year
Forecast. 2014 Fiscal Year. Revenue. Bechtle shows above-average market growth in 2014 and gains more market share. Significant gains over the previous year. Earnings. Bechtle substantially increases its earnings and improves its margin. Employees. Moderate growth (excluding new employees through ac
Slide 14: Any questions?
Any questions? Learn more at bechtle.com 12.11.14 | Bechtle AG 14