Basler Ag · XETR:BSL

Basler — Q3 2019 Earnings Presentation

22 slides from Basler's earnings presentation, Nov 5, 2019

  1. Slide 1: Quarterly Report Q3, 2019

    Quarterly Report Q3, 2019 November 5, 2019 Hardy Mehl (CFO/COO) Public | © Basler AG

  2. Slide 2: Agenda

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

  3. Slide 3: Executive Summary

    Executive Summary Highlights First 9 Months 2019 Market Environment  Market bookings -12 % and billings -12 % (source: VDMA, YTD-August 2019)  Manufacturing PMIs in Europe, ASEAN, China and Japan continue to stay below 50  Weak demand specifically in electronics, semicon and automotive capex mark

  4. Slide 4: Executive Summary: Our Employees

    Executive Summary Our Employees 36% Sales & Marketing 25 % Production 810* 15 % Administration 24 % R&D *fulltime equivalent jobs, September 30th, 2019 Public | © Basler AG 4

  5. Slide 5: Executive Summary: Main New Product Introductions

    Executive Summary Highlights First 9 Months 2019 Main New Product Introductions  Portfolio expansion of ace MED product line  New embedded vision kits based on Qualcomm and NXP processors  Launch of next generation ace: ace2  Prototyping of second generation 3D cameras: Basler blaze  Product la

  6. Slide 6: Journey Towards Computer Vision Toolbox

    Executive Summary Journey Towards Computer Vision Toolbox Computer Vision Product Portfolio Toolbox Markets/Applications Public | © Basler AG 6

  7. Slide 7: Agenda

    Agenda 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 7

  8. Slide 8: Revenue Split by Regions

    Financials Revenue Split by Regions Basler AG Headquarters 1 Ahrensburg, Germany 1 5 Basler Subsidiaries 2 7 8 2 Exton, U.S. 6 3 Taiwan 3 4 Singapur Regional Revenue Distribution of Euro 123.2 mill. Sales by 5 Silicon Software 2018 Sept. 30, 2019 4 6 Basler China 2019 7 Korea 15 % 32 % 53 % 8 Japan

  9. Slide 9: Development of Bookings and Billings

    Financials Development of Bookings and Billings Revenue mill. € 60 Billings +25 % Order Entry mill. € Bookings +19 % 4546 42 43 42 42 42 41 40 38 40 39 39 36 34 3335 34 2927 26 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2017 2018 2019 Public | © Basler AG 9

  10. Slide 10: Development of Gross Profit and Gross Margin

    Financials Development of Gross Profit and Gross Margin 54.3% 54.7% Gross Profit excl. R&D- 52.2% 51.8% 51.2% Depreciations mill. €/% 50.1% 48.8% Gross Profit incl. R&D- 50.6% 50.8% Depreciations mill. €/% 47.3% 46.0% 46.1% 44.6% 47.1% 24.4 22.7 21.0 20.7 21.2 19.5 19.7 18.9 19.5 17.1 17.6 18.1 15.6

  11. Slide 11: EBT Development by Quarter

    Financials EBT Development by Quarter 24.1% 22.1% 14.3% 12.1% EBT % 9.7% 7.9% 3.9% EBT mill. € 10.8 8.5 5.9 4.0 4.1 3.1 1.3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2018 2019 Public | © Basler AG 11

  12. Slide 12: Profit & Loss KPIs Year-on-Year

    Financials Profit & Loss KPIs Year-on-Year (in € mill.) 9 Months 2018 9 Months 2019 +/- Order Entry 112.2 122.7 9% Sales 116.4 123.2 6% Gross Profit 49.7 % 45.9 % -4 Pp. EBITDA 31.0 23.1 -25 % EBIT 23.3 13.6 -42 % EBT 23.2 13.1 -44 % Net Income 17.3 9.3 -46 % EPS* 1.79 0.94 -48 % * EPS (Earnings per

  13. Slide 13: Free Cashflow Development by Quarter

    Financials Free Cashflow Development by Quarter 13.2 10.7 FCF mill. € 8.1 6.7 1.0 10.0 OCF mill. € 1.9 -1.1 5.1 -0.9 Q1 Q2 Q3 Q4 4.1 Q1 Q2 Q3 ICF mill. € -4.2 -3.2 -3.1 -6.2 -4.8 -5.3 -9.7 -10.4 -18.5 -20.4 2018 2019 Public | © Basler AG 13

  14. Slide 14: Cash Year-on-Year

    Financials Cash Year-on-Year (in € mill.) 9 Months 2018 9 Months 2019 Cash, b.o. period 37.6 31.8 Cashflow from Operations 22.9 14.0 Cashflow from Investments -26.7 -28.6 Free Cashflow -3.8 -14.6 Cashflow from -3.9 13.7* Financing Cash, e.o. period 29.9 30.9 *Incl. sold treasury shares for € 20.8 mi

  15. Slide 15: Net Cash

    Financials Net Cash (in € mill.) Dec. 31st, Sept. 30th, 2018 2019 Liabilities to banks -19.1 -20.0 Cash & Cash equivalents 31.8 30.9 Operative Net Cash 12.7 10.9 Public | © Basler AG 15

  16. Slide 16: Agenda

    Agenda 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 16

  17. Slide 17: Basler Share versus TecDax

    Share Basler Share versus TecDax 140,00 130,00 120,00 TecDax 110,00 Basler AG Xetra 100,00 90,00 80,00 Public | © Basler AG 17

  18. Slide 18: Agenda

    Agenda 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 18

  19. Slide 19: Business Outlook & Guidance 2019

    Outlook Business Outlook & Guidance 2019 Based on current information we expect:  Markets to stay weak, uncertain and volatile  Bookings and billings to make a side move in Q4 We narrow our guidance from March 21st, 2019 to:  Revenue 160 - 164 mill. €  EBT-Margin 8 - 10 % Public | © Basler AG 19

  20. Slide 20: 2022 Financial Mid-term Plan

    Outlook 2022 Financial Mid-term Plan >15% >12% CAGR EBT-Margin €250 mill. 70% Revenue CCR* >900.000 Cameras * Cash Conversation Rate FCF/EAT Public | © Basler AG 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 22

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