Slide 1: Bechtle AG 1st Quarter 2020
Bechtle AG 1st Quarter 2020 Neckarsulm | 08 May 2020
Slide 2: Contents
Contents. 1. Business development 2. The Bechtle share 3. News and updates 4. Outlook 08/05/2020 | Bechtle AG | 1st Quarter 2020 2
Slide 3: Revenue – Strong growth despite COVID-19
Revenue – Strong growth despite COVID-19. +9.8% +8.5% +9.3% Q1.2019 Q1.2020 +8.1%* +8.5%* +8.2%* * organic growth 1,356 1,240 859 782 458 497 IT SH & MS IT E-Commerce Group in €m 08/05/2020 | Bechtle AG | 1st Quarter 2020 3
Slide 4: Revenue – Stronger growth dynamic in our domestic market
Revenue – Stronger growth dynamic in our domestic market. +10.6% +7.3% +9.3% Q1.2019 Q1.2020 +10.2%* +5.2%* +8.2%* * organic growth 1,356 1,240 829 749 491 527 Domestic Abroad Group in €m 08/05/2020 | Bechtle AG | 1st Quarter 2020 4
Slide 5: Gross margin – Much improved
Gross margin – Much improved. 15.0 15.0 14.6 14.2 Q1.17 Q1.18 Q1.19 Q1.20 in % 08/05/2020 | Bechtle AG | 1st Quarter 2020 5
Slide 6: EBIT – Service business bolsters profitability
EBIT – Service business bolsters profitability. Q1.2019 +23.2% +1.2% +13.7% Q1.2020 52.6 46.3 32.5 25.6 19.9 20.1 in €m IT SH & MS IT E-Commerce Group 3.4% 3.8% 4.3% 4.1% 3.7% 3.9% Margin 08/05/2020 | Bechtle AG | 1st Quarter 2020 6
Slide 7: Employees – Moderate increase in headcount in Q1
Employees – Moderate increase in headcount in Q1. +1.434 employees =13.9% +281 employees =2.4% 11,768 11,487 11,246 10,915 10,334 Q1.19 Q2.19 Q3.19 Q4.19 Q1.20 08/05/2020 | Bechtle AG | 1st Quarter 2020 7
Slide 8: Working capital – Capital lockup decreased
Working capital – Capital lockup decreased. +2.1% -1.7% 647.7 636.9 Working capital development (YoY) 623.6 Inventories €m +90.4 Trade receivables €m -79.9 Accrued income €m +12.4 Trade payables €m +13.6 Deferred income €m+20.1 Total €m-10.9 Q1.19 FY.19 Q1.20 in €m 08/05/2020 | Bechtle AG | 1st Quar
Slide 9: Operating cash flow – Positive development underpins robust liquidity
Operating cash flow – Positive development underpins robust liquidity. 22.8 13.9 -17.9 -17.0 -22.1 Q1.16 Q1.17 Q1.18 Q1.19 Q1.20 in €m 08/05/2020 | Bechtle AG | 1st Quarter 2020 9
Slide 10: The Bechtle share – Continues to outperform after “corona dip”
The Bechtle share – Continues to outperform after “corona dip”. 31/12/2019 05/05/2020 Performance ytd €125.20 €135.20 160 € Bechtle +8.0% 140 € TecDAX* -4.4% 120 € MDAX* -18.3% 100 € DAX* -19.0% 80 € *indexed 60 € Jan. 20 Feb. 20 Mrz. 20 Apr. 20 Mai. 20 08/05/2020 | Bechtle AG | 1st Quarter 2020 10
Slide 11: Collaboration I – Collaboration platform for Saarland’s state government
1 Collaboration I Bechtle rolls out a collaboration platform for Saarland’s state government in record time. Just seven hours pass between the state’s initial RFI and the first video conference in its own Webex environment. 08/05/2020 | Bechtle AG | 1st Quarter 2020 11
Slide 12: Collaboration II – Key vendor partners acknowledge outstanding partnerships
2 Collaboration II Key vendor partners acknowledge outstanding partnerships: Dell renews Bechtle’s Titanium Black Partner status while VMware recertifies every one of its Master Services Competencies. 08/05/2020 | Bechtle AG | 1st Quarter 2020 12
Slide 13: Growth I – Bechtle acquires Wide Technology Partners
3 Growth I Bechtle acquires Wide Technology Partners in Baar, Switzerland. The company makes network, data centre, voice and security solutions. 08/05/2020 | Bechtle AG | 1st Quarter 2020 13
Slide 14: Growth II – Bechtle acquires DPS Software GmbH
4 Growth II Bechtle acquires DPS Software GmbH, based in Leinfelden- Echterdingen, Germany, with 14 sales offices throughout Germany, three locations in Austria, and two in Switzerland. The 3D CAD software specialist currently has 213 employees. 08/05/2020 | Bechtle AG | 1st Quarter 2020 14
Slide 15: Sustainability – First Sustainability Report
5 Sustainability Bechtle publishes its first Sustainability Report to comply with global GRI standards for comparability in an international field. 08/05/2020 | Bechtle AG | 1st Quarter 2020 15
Slide 16: Outlook 2020 – No change in targets despite big uncertainties
Outlook 2020 – No change in targets despite big uncertainties. Economic conditions. Impact of the COVID-19 pandemic is unpredictable in terms of time and intensity; consequences on the economy can therefore not be put in reliable figures. Not all sectors are equally hit; the public sector, too, is e
Slide 17: Any questions?
Any questions? For more information: bechtle.com 08/05/2020 | Bechtle AG | 1st Quarter 2020 17