Basler Ag · XETR:BSL
Basler — H1 2025 Earnings Presentation
28 slides from Basler's earnings presentation, Aug 7, 2025
Slide 1: 6-Months Report 2025
6-Months Report 2025 August 7th, 2025 Hardy Mehl | CCO/COO Ines Brückel | CFO
Slide 2: Disclaimer
Disclaimer This document includes forward looking statements on Should these views or assumptions prove to be wholly or Basler AG, its subsidiaries and associates („Group“), and on partly incorrect, or should further risks arise, actual business the economic, political and/or legal conditions that m
Slide 3: Agenda
Agenda 01 Executive Summary 02 Financials 03 Share 04 Outlook 05 Q&A
Slide 4: Executive Summary: Market Environment HY1 2025
Executive Summary Market Environment HY1 2025 German Industry for Vision Components: Bookings yoy -4 % (VDMA)*, billings yoy +9 %, ▪ Still low demand across all verticals, despite semicon (advanced nodes, AI related) and logistics/warehouse automation. Industrial PMIs for investment goods around or
Slide 5: Executive Summary: Basler Situation HY1 2025
Executive Summary Basler Situation HY1 2025 HY1 2025 vs. HY1 2024: Bookings yoy +22 %, billings yoy +20 % ▪ Bookings growth and sizeable project wins in US and China back in Q4 2024 fueled high revenue increase of 20 % yoy ▪ Incoming orders to sales ratio in Q2 well above 1 - good momentum for seaso
Slide 6: Executive Summary: Team
Executive Summary Team FTEs e/o HY1 2024 FTEs e/o HY1 2025 22 % 24 % Operations Operations 39 % 37 % Sales & Sales & Marketing 882 Marketing 823 14 % 15 % Administration Administration 25 % 24 % R&D R&D R&D quota from sales: 15.5 % R&D quota from sales: 12.9 % Public | © Basler AG 6
Slide 7: Constant Innovation in Product Portfolio
Executive Summary Constant Innovation in Product Portfolio 2D Mainstream Systems 2D Performance Systems 3D Imaging TOF & Stereo Line Scan Systems Pylon SDK Public | © Basler AG 7
Slide 8: Product update HY1 2025
Executive Summary Product update HY1 2025 Basler presented in June at automatica in Munich – the leading Exhibition for Smart Automation and Robotics. Basler had the opportunity to demonstrate the impact the machine vision solutions can have on increasing efficiency in industrial manufacturing. Basl
Slide 9: Product update HY1 2025
Executive Summary Product update HY1 2025 Basler presented in June at the GTC in Paris the real- time vision system simulation “Digital Twin,” based on NVIDIA Omniverse. This system simulates Basler cameras, lenses, and lighting in a logistics application to achieve the optimal image – all in a digi
Slide 10: Progress in Full-Range Provider Strategy
Executive Summary Progress in Full-Range Provider Strategy Software Computer Vision Full-Range Provider Processing Product Portfolio Lenses Cables Factory Medical & ITS Logistics Retail Agriculture Automation Life Science Cameras Markets/Applications Public | © Basler AG 10
Slide 11: Agenda
Agenda 01 Executive Summary 02 Financials 03 Share 04 Outlook 05 Q&A
Slide 12: Sales Distribution by Region
Financials Sales Distribution by Region Global Organization 1 Headquarters, Germany 2 U.S 3 Taiwan 1 4 Singapore 2 9 5 China 8 6 7 5 6 Korea 3 7 Japan 8 Italy 23% (PY: 16%) 4 Americas 9 France 47% Sales Offices TOTAL (PY: 49%) Asia 111.7 mill. €* 30% (PY: 35%) EMEA Public | © Basler AG 12 * e/o June
Slide 13: Bookings and Billings Positive momentum
Financials Bookings and Billings Positive momentum: +26% Q2 vs Q2; Book-to-bill Q2 1.17 Larger Projects 59.5 61.2 58.9 52.1 52.2 48.5 49.5 47.0 44.0 43.5 43.7 41.0 Q1 Q2 Q3 Q4 Q1 Q2 2024 2025 Order Entry mill. € Revenue mill. € Public | © Basler AG 13
Slide 14: Gross Profit and Gross Profit-Margin
Financials Gross Profit and Gross Profit-Margin 48.1 48.1 44.6 46.5 46.2 43.6 28.6 23.8 24.1 19.4 20.3 20.5 Q1 Q2 Q3 Q4 Q1 Q2 2024 2025 Gross Profit mill. € Gross Margin % Public | © Basler AG 14
Slide 15: EBT and EBT-Margin
Financials EBT and EBT-Margin 10.1 3.6 2.6 -8.3 -5.9 -14.9 6.0 1.3 1.9 -3.6 -2.6 -7.0 Q1 Q2 Q3 Q4 Q1 Q2 2024 2025 EBT % EBT € million Public | © Basler AG 15
Slide 16: P&L HY1-2025 vs. HY1-2024
Financials P&L HY1-2025 vs. HY1-2024 (in mill. €*) HY1-2025 HY1-2024 +/- Order Entry 113.3 92.5 +22 % Sales 111.7 93.0 +20 % Gross Profit 52.7 43.2 +22 % Gross Profit Margin 47.2 % 46.5 % +0.7 Pp. EBITDA 16.9 7.1 >+100 % EBIT 8.7 -1.8 >+100 % EBT 7.9 -2.3 >+100 % EBT-Margin 7.0 % -2.5 % +9.5 Pp. Net
Slide 17: Free Cashflow FCF
Financials Free Cashflow FCF OCF Mio. € ICF Mio. € 8.6 8.3 FCF Mio. € 4.9 5.4 3.6 2.2 -1.1 0.4 1.2 -0.2 -2.2 -3.2 -2.5 -2.4 -2.6 -2.1 -3.7 -5.0 Q1 Q2 Q3 Q4 Q1 Q2 2024 Public | © Basler AG 2025 17
Slide 18: Liquidity and Cashflow HY1-2025 vs. HY1-2024
Financials Liquidity and Cashflow HY1-2025 vs. HY1-2024 (in mill. €) HY1- HY1- Cashflow 2025 2024 +/- Cash b/o period 21.3 32.2 -34 % Cashflow from Operations 8.7 3.8 >+100 % Cashflow from Investments -5.0 -5.8 -13 % Exchange rate effects cash holdings -0.5 -0.1 >-100 % Free Cashflow 3.2 -2.1 >-100
Slide 19: Agenda
Agenda 01 Executive Summary 02 Financials 03 Share 04 Outlook 05 Q&A
Slide 20: Basler Shareholder Structure
Share Basler Shareholder Structure 6% Universal Investment 4% Norges Bank 53 % Norbert Basler Holding GmbH 3% Union Investment 4% Dr. Dietmar Ley (CEO) 2% Treasury Shares 28 % Free Float *as of 6/30/2025 Public | © Basler AG 20
Slide 21: Basler Share versus TecDax HY1 2025
Share Basler Share versus TecDax HY1 2025 Basler Aktie TDXP Index 250 € 12.32 closing price on June 30, 2025 200 € 6.09 opening price on January 2, 2025 150 100 50 0 2024-12-31 2025-01-31 2025-02-28 2025-03-31 2025-04-30 2025-05-31 2025-06-30 Public | © Basler AG 21
Slide 22: Agenda
Agenda 01 Executive Summary 02 Financials 03 Share 04 Outlook 05 Q&A
Slide 23: Impact of US import tariffs
Outlook Impact of US import tariffs We manage what we can influence: There are aspects we can’t control: ▪ The export volume exposure (Germany to US) ▪ Uncertainty on overall macroeconomic is appr. 30 mill. € but highly dependent on development product mix and demand ▪ FX volatility ▪ We expect to s
Slide 24: 2025 Assumptions
Outlook 2025 Assumptions In line with trade associations, we expect the market to develop sideways on an annual base. We expect for HY2 ,we assume: ▪ industrial PMIs for capex goods to stay around 50 ▪ trade and geopolitical conflicts continue to mute the investment climate ▪ we expect high currency
Slide 25: Forecast 2025
Outlook Forecast 2025 With our HY1 performance, the good order momentum in the recent months and considering the HY2 market assumptions, we increase our guidance for 2025: Revenue: 202 – 215 mill. € (before: 186 - 198 mill. €) EBT-Margin: 2% - 6% (before: 0 % - 5 %) Public | © Basler AG 25
Slide 26: Financial Mid-term Plan
Outlook Financial Mid-term Plan ~15 % 12 % CAGR EBT Margin Assumptions: 2028 2027 ▪ Computer vision market will grow again – mid € 275 mill. 70 % to high single digit long-term CAGR expected Revenue CCR* ▪ Successful execution of Basler’s strategy to address a bigger market ▪ Market recovery begins
Slide 27: Agenda
Agenda 01 Executive Summary 02 Financials 03 Share 04 Outlook 05 Q&A
Slide 28: Questions & Answers
Questions & Answers Hardy Mehl Ines Brückel Phone +49 4102 463 0 hardy.mehl@baslerweb.com Public | © Basler AG 28