Bechtle Ag · XETR:BC8
Bechtle — Q3 2023 Earnings Presentation
19 slides from Bechtle's earnings presentation, Nov 10, 2023
Slide 1: Bechtle AG – 3rd Quarter 2023
Bechtle AG – 3rd Quarter 2023 Welcome. Neckarsulm | 10 November 2023 | Dr Thomas Olemotz
Slide 2: Contents
Contents. 1 Business development. 2 The Bechtle share. 3 Latest news. 4 2023 outlook. 10/11/2023 | Bechtle AG | 3rd Quarter 2023 2
Slide 3: 1 Business development
1 Business development. 10/11/2023 | Bechtle AG | 3rd Quarter 2023 3
Slide 4: Business volume – Growth rate normalises after clearing the order backlog
Business volume – Growth rate normalises after clearing the order backlog. in €m +15.8% +9.2% +6.0% +10.2% 2022 2023 5,613 5,095 1,886 1,816 1,803 1,911 1,629 1,663 1st Quarter 2nd Quarter 3rd Quarter 9 Months 10/11/2023 | Bechtle AG | 3rd Quarter 2023 4
Slide 5: Revenue – Disproportionately successful software business in Q3
Revenue – Disproportionately successful software business in Q3. in €m +11.6% +6.5% +1.0% +6.3% 2022 2023 4,528 4,261 1,538 1,418 1,510 1,464 1,479 1,379 1st Quarter 2nd Quarter 3rd Quarter 9 Months 10/11/2023 | Bechtle AG | 3rd Quarter 2023 5
Slide 6: Revenue – System House segment continues to drive growth
Revenue – System House segment continues to drive growth. +1.0% +1.0% in €m 1,464 1,479 1,464 1,479 IT E-commerce 522 483 -7.5% International 546 565 +3.4% IT SH & MS 942 996 +5.8% Germany 918 915 -0.3% Q3 2022 Q3 2023 Q3 2022 Q3 2023 10/11/2023 | Bechtle AG | 3rd Quarter 2023 6
Slide 7: EBIT – Consistent positive earnings and margin development
EBIT – Consistent positive earnings and margin development. in €m 2022 +7.5% +7.0% +7.8% +7.5% 2023 Margin 273.5 254.5 89.8 96.1 89.4 96.4 75.3 81.0 5.5% 5.3% 6.3% 6.4% 6.1% 6.5% 6.0% 6.0% 1st Quarter 2nd Quarter 3rd Quarter 9 Months 10/11/2023 | Bechtle AG | 3rd Quarter 2023 7
Slide 8: EBIT – Significant imbalance in segments' earnings development
EBIT – Significant imbalance in segments’ earnings development. in €m +13.8% -3.3% +7.8% Q3 2022 Q3 2023 Margin 96.4 89.4 66.3 58.2 31.1 30.1 6.2% 6.7% 6.0% 6.2% 6.1% 6.5% IT SH & MS IT E-commerce Group 10/11/2023 | Bechtle AG | 3rd Quarter 2023 8
Slide 9: Operative cashflow – Considerable improvement yoy
Operative cashflow – Considerable improvement yoy. in €m 2022 125.3 2023 85.2 -20.2 -28.3 -75.3 -127.1 1st Quarter 2nd Quarter 3rd Quarter 10/11/2023 | Bechtle AG | 3rd Quarter 2023 9
Slide 10: Employees – Organic workforce expansion of 3.9%
Employees – Organic workforce expansion of 3.9%. +335 employees +1,051 employees +2.3% +7.6% 14,840 14,505 14,324 14,046 13,789 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 10/11/2023 | Bechtle AG | 3rd Quarter 2023 10
Slide 11: 2 The Bechtle share
2 The Bechtle share. 10/11/2023 | Bechtle AG | 3rd Quarter 2023 11
Slide 12: Bechtle share – High volatility, yet a positive development overall
Bechtle share – High volatility, yet a positive development overall. 31/12/2022 03/11/2023 Performance (ytd) €33.06 €43.44 Bechtle +29.5% 45 € DAX* +8.8% TecDAX* -0.2% 40 € MDAX* -1.5% * indexed 35 € 30 € J 23 F 23 M 23 A 23 M 23 J 23 J 23 A 23 S 23 O 23 N 23 10/11/2023 | Bechtle AG | 3rd Quarter 20
Slide 13: 3 Latest news
3 Latest news. 10/11/2023 | Bechtle AG | 3rd Quarter 2023 13
Slide 14: Safeguarding the future – Unprecedented trainee numbers in 2023
1 Safeguarding the future – Unprecedented trainee numbers in 2023. 299 vocational trainees and university students joined Bechtle for their practical education, for a total of 865 young people in training group-wide. 10/11/2023 | Bechtle AG | 3rd Quarter 2023 14
Slide 15: Successful M&A strategy – Apixit and Planet AI
2 Successful M&A strategy – Bechtle completes acquisition of IT service provider Apixit and acquires a stake in Planet AI. With the takeover of Apixit, Bechtle is bolstering its position in the French market while the 51 per cent stake in Planet AI adds patented AI developments to the Bechtle portfo
Slide 16: Succession guaranteed – Konstantin Ebert appointed to Executive Board
3 Succession guaranteed – Bechtle Supervisory Board appoints Konstantin Ebert, 52, to Executive Board. On 1 January 2024, he will succeed Jürgen Schäfer, 65, who has been overseeing the IT E- commerce segment as COO since 2009. 10/11/2023 | Bechtle AG | 3rd Quarter 2023 16
Slide 17: 4 2023 outlook
4 2023 outlook. 10/11/2023 | Bechtle AG | 3rd Quarter 2023 17
Slide 18: Outlook – Guidance confirmed
Outlook – Guidance confirmed. Context. Overall economic conditions remain challenging in the 2023 fiscal year. However, noticeable upswing in incoming orders. Supply chain difficulties largely overcome. Focus remains on the successful continuation of our European M&A strategy. Objectives. Bechtle is
Slide 19: Any questions?
Any questions? All key figures and information can also be found at: bechtle.com/reports 10/11/2023 | Bechtle AG | 3rd Quarter 2023 19