Bechtle Ag · XETR:BC8
Bechtle — Non-Deal Roadshow (September 2022)
30 slides from Bechtle's roadshow presentation, Sep 30, 2022
Slide 1: Bechtle AG – Company Presentation
Bechtle AG – Company Presentation Paris | 30 September 2022
Slide 2: Contents
Contents. 1 Introduction to Bechtle AG. 2 Sustainability. 3 Business Development. 4 The Bechtle share. 5 Highlights. 6 2022 outlook. 30/09/2022 | Bechtle AG | Company Presentation 2
Slide 3: Introduction to Bechtle AG
1 Introduction to Bechtle AG. 30/09/2022 | Bechtle AG | Company Presentation 3
Slide 4: Bechtle at a Glance
Bechtle at a Glance. >13,000 employees 5.3 bn. € revenue in 2021 ENTREPRENEURIAL ONE STOP SHOP THINKING AND INTERNATIONAL APPROACH BEHAVIOUR DECENTRALISED STRUCTURE WITH MORE THAN 70,000 B2B and B2G CUSTOMERS 100 SUBSIDIARIES 30/09/2022 | Bechtle AG | Company Presentation 4
Slide 5: Bechtle AG – Business and responsibilities
Bechtle AG – Business and responsibilities. BECHTLE AG Chairman of the Executive Board: Dr Thomas Olemotz Central Divisions SEGMENT IT System House & Managed Services SEGMENT IT E-Commerce COO: Michael Guschlbauer COO: Jürgen Schäfer Bechtle Managed IT System Houses Specialists Bechtle direct Artico
Slide 6: Business Segment – IT System House & Managed Services
Business Segment – IT System House & Managed Services. Wholesaler: Consulting, procurement and services Widespread, regional coverage, even outside DACH Close to our customers with more than 80 locations Decentralised structure with high responsibility of local MDs Employees in 2021: 10,156 Services
Slide 7: Nr. 1 Ranked System House in Germany
Nr. 1 Ranked System House in Germany. Revenue in Germany (in €m) RANK COMPANY 2021 1 Bechtle 3,355 2 Computacenter 2,352 3 Software One 1,760 4 SVA System Vertrieb Alexander 1,254 5 Cancom 1,201 6 T-Systems International 1,000 7 NTT Data 890 8 MSG Systems 878 9 ACP Gruppe 766 10 Infosys 630 … … … 31
Slide 8: Business Segment – IT E-Commerce
Business Segment – IT E-Commerce. Pure trading business Presence in 14 European countries with our brand Bechtle direct Cross-channel strategy: Digital reach with personal account management. Outbound oriented sales force Individual e-procurement services at bechtle.com Peripherals under our own bra
Slide 9: Shareholder Structure
Shareholder Structure – Long-term and independent anchor shareholder. Flossbach von Storch 5.15% Schick Family 35.02% incl. Gerhard and Ilse Schick Foundation: 3.57% AGI 5.00% DWS 4.95% Baillie Gifford 4.77% Black Rock 4.07% Freefloat 41.04% Current of: July 2022, 126 million shares 30/09/2022 | Bec
Slide 10: Vision 2030 – Integrate IT. Architect the future.
Vision 2030 – Integrate IT. Architect the future. We aspire to lead Growth and foresight We empower the market. underpin our success. business. We focus on IT markets where we can We are able to build a sound future for Bechtle by We understand our carve out a leading position. Our growth pursuing s
Slide 11: Sustainability
2 Sustainability. 30/09/2022 | Bechtle AG | Company Presentation 11
Slide 12: Sustainability Strategy 2030 – Four strategic areas of action
Sustainability Strategy 2030 – Four strategic areas of action. We fulfil our duty to ensure We operate in harmony with our We embody fairness and value We drive future-facing human rights are respected along environment to conserve our our business partners and digitalisation and contribute to our s
Slide 13: Sustainability Strategy 2030 – Selected actions and concrete targets
Sustainability Strategy 2030 – Selected actions and concrete targets. ETHICAL BUSINESS 2021. MSCI ESG Rating: A Targets. Compliance training for all employees in 2023. PRATICES. EcoVadis Score: 64/100 – Further improvement in ratings. Top 7% of rated companies within the branch. ENVIRONMENT. 2021. 2
Slide 14: Business Development
3 Business Development. 30/09/2022 | Bechtle AG | Company Presentation 14
Slide 15: Business volume – Growth dynamic gathers rapid momentum in Q2 2022
Business volume – Growth dynamic gathers rapid momentum in Q2 2022. in €m +7.9% +16.0% +11.9% 2021 2022 3,292 2,943 1,629 1,663 1,510 1,433 1st Quarter 2nd Quarter 1st Half-year 30/09/2022 | Bechtle AG | Company Presentation 15
Slide 16: Revenue – Strong Q2 2022 leads to H1 2022 that exceeds forecast
Revenue – Strong Q2 2022 leads to H1 2022 that exceeds forecast. in €m +6.8% +14.5% +10.6% 2021 2022 2,797 2,530 1,379 1,418 1,291 1,238 1st Quarter 2nd Quarter 1st Half-year 30/09/2022 | Bechtle AG | Company Presentation 16
Slide 17: Revenue – Domestic sales far stronger than Q1 2022
Revenue – Domestic sales far stronger than Q1 2022. +14.5% in €m 1,418 1,418 1,238 1,238 536 +18.1% 531 +16.3% 454 457 IT E-commerce Abroad IT SH & MS 882 +12.4% Domestic 886 +13.4% 785 781 Q2 2021 Q2 2022 Q2 2021 Q2 2022 PY figures adjusted to IFRS 15 30/09/2022 | Bechtle AG | Company Presentation
Slide 18: EBIT – Very strong operating earnings in Q2 2022
EBIT – Very strong operating earnings in Q2 2022. in €m +21.2% +8.7% +14.1% 2021 2022 165.1 Margin 144.7 89.8 82.6 75.3 62.1 4.8% 5.5% 6.7% 6.3% 5.7% 5.9% 1st Quarter 2nd Quarter 1st Half-year 30/09/2022 | Bechtle AG | Company Presentation 18
Slide 19: EBIT – The previous year's special effects more than compensated for
EBIT – The previous year’s special effects more than compensated for. in €m +0.7% +23.5% +8.7% Q2 2021 Q2 2022 Margin 89.8 82.6 53.6 53.9 35.9 29.1 6.8% 6.1% 6.4% 6.7% 6.7% 6.3% IT SH & MS IT E-Commerce Group 30/09/2022 | Bechtle AG | Company Presentation 19
Slide 20: Operative cashflow – First tentative inventory easing
Operative cashflow – First tentative inventory easing. in €m 258.7 20.6 26.8 -21.5 -75.3 -127.1 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 30/09/2022 | Bechtle AG | Company Presentation 20
Slide 21: Employees – Headcount continues to see only moderate growth
Employees – Headcount continues to see only moderate growth. +233 Employees +778 Employees +1.8% +6.3% 13,199 12,966 12,880 12,744 12,421 Q2 2021 Q3 0221 Q4 2021 Q1 2022 Q2 2022 30/09/2022 | Bechtle AG | Company Presentation 21
Slide 22: The Bechtle share
4 The Bechtle share. 30/09/2022 | Bechtle AG | Company Presentation 22
Slide 23: Bechtle share – Capital markets worldwide under pressure
Bechtle share – Capital markets worldwide under pressure. 31/12/2021 21/9/2022 Performance (ytd) €62.94 €37,25 65 € Bechtle -40,8% 60 € DAX* -19.6% TecDAX* -28.4% 55 € MDAX* -31.9% 50 € * indexed 45 € 40 € 35 € J 22 F 22 M 22 A 22 M 22 J 22 J 22 A 22 S 22 30/09/2022 | Bechtle AG | Company Presentati
Slide 24: Highlights
5 Highlights. 30/09/2022 | Bechtle AG | Company Presentation 24
Slide 25: Bechtle doubles warehousing space in Germany
Bechtle doubles warehousing space in Germany. 1 Bechtle AG scales up its logistics capacity by opening a new warehousing site in Hamburg-Wilhelmsburg with 20,735 m² of the upper floor of Europe’s very first two- storey logistics property, Mach2. 30/09/2022 | Bechtle AG | Company Presentation 25
Slide 26: Bechtle Group expands footprint in the Netherlands
Bechtle Group expands footprint in the Netherlands. 2 Axez ICT Solutions B.V. is specialised in hybrid IT environments and cloud solutions, building up the competences of Dutch IT service provider PQR, which the Bechtle Group acquired in May. Axez employs 22 staff. 30/09/2022 | Bechtle AG | Company
Slide 27: Bechtle publishes Climate Protection Strategy 2030
3 Bechtle publishes Climate Protection Strategy 2030. Bechtle aims to meet an ambitious target of net-zero carbon emissions by 2030 through a combination of avoidance, reduction and compensation. 30/09/2022 | Bechtle AG | Company Presentation 27
Slide 28: 2022 outlook
6 2022 outlook. 30/09/2022 | Bechtle AG | Company Presentation 28
Slide 29: 2022 outlook – Forecast remains optimistic
2022 outlook – Forecast remains optimistic. Assumptions. Our vendor partners’ supply issues are abating as the year progresses – but not in all product segments and not as quickly as hoped. Record high order backlog will gradually manifest as revenue – expected to begin in H2. Sustained pronounced c
Slide 30: Any questions?
Any questions? All key figures and information can also be found at: bechtle.com/reports 30/09/2022 | Bechtle AG | Company Presentation 30