Basler Ag · XETR:BSL

Basler — Q3 2018 Earnings Presentation

22 slides from Basler's earnings presentation, Nov 5, 2018

  1. Slide 1: Quarterly Report Q3, 2018

    Quarterly Report Q3, 2018 November 5, 2018 Hardy Mehl | CFO 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: Highlights First 9 Months 2018

    Executive Summary Highlights First 9 Months, 2018 Development along the forecast in a cooling-off market environment  Market order intake down by -8% and billings down -3% (source: VDMA, YTD-September 2018); market development in Q3 even slightly weaker than expected.  Significant weaker demand in

  4. Slide 4: Two M&A Transactions in July 2018

    Executive Summary Two M&A Transactions in July 2018 Manufacturer of Image Processing Cards  20 years in business  ~50 employees Business of China Distributor  ~10 million Euro sales (2018e)  ~20 years distribution for Basler  Located in Mannheim  ~100 employees  Immediate effect  ~1000 custo

  5. Slide 5: Executive Summary: Main new product introductions

    Executive Summary Highlights First 9 Months 2018 Main new product introductions  New Basler ace cameras with CMOS sensors  Launch of new Basler ace MED product line  Introduction of new embedded vision interface: “BCON for Mipi”  Release of Software Development Kit (SDK) pylon  VISION in Stuttg

  6. Slide 6: Agenda

    Agenda 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 6

  7. Slide 7: Development of Booking and Billings

    Financials Development of Booking and Billings Revenue mill. € * 60 Order Entry mill. € 4546 42 43 40 38 36 34 3332 29 2927 2627 26 25 26 2223 24 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2016 2017 2018 Public | © Basler AG * Silicon Software included since July 2018 7

  8. Slide 8: Revenue Split by Regions

    Financials Revenue Split by Regions 15% 41% 44% *as of September 30, 2018 incl. Silicon Software Public | © Basler AG 8

  9. Slide 9: Development of Gross Profit and Margin

    Financials Development of Gross Profit and Margin Gross* 53.2% 54.3% 54.7% 54.3% 54.7% Profit/Margin IFRS 48.8% 51.8% incl. Depreciation mill. €/% 49.6% 50.9% 51.2% 50.6% 50.8% 43.6% 47.3% Gross Profit/ Margin HGB mill. €/% 23.3 24.4 22.9 21.8 22.7 21.5 21.0 19.5 18.0 19.3 17.1 15.6 14.2 12.7 Q1 Q2

  10. Slide 10: EBT Development by Quarter

    Financials EBT Development by Quarter EBT mill. € * 24.4% 24.9% 24.1% * 22.1% EBT % 21.8% 12.1% 3.4% 10.3 10.6 10.8 7.9 8.5 4.0 1.0 Q1 Q2 Q3 Q4 Q1 Q2 2017 2018 Public | © Basler AG * Silicon Software included since July 2018 10

  11. Slide 11: Profit & Loss KPIs Year-on-Year

    Financials Profit & Loss KPIs Year-on-Year 9 Months 2017 9 Months 2018 +/- Order Entry 126.4 112.2 -11 % Sales 121.1 116.4 -4 % Gross Profit 50.6 % 49.7 % -1 Pp. EBITDA 36.0 31.0 -14 % EBIT 29.3 23.3 -20 % EBT 28.8 23.2 -19 % Net Income 20.4 17.3 -15 % EPS* 6.37 5.37 -16 % * EPS in € Public | © Basl

  12. Slide 12: Free Cashflow Development by Quarter

    Financials Free Cashflow Development by Quarter * FCF mill. € 17.2 OCF mill. € * 13.2 10.6 13.9 ICF mill. € * 4.2 4.2 10.0 2.8 1.7 0.5 2.5 -1.1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 -4.2 -2.5 -1.7 -3.3 -2.3 -3.1 -3.2 -9.7 -20.3 2017 2018 Public | © Basler AG * Silicon Software included since July 2018 12

  13. Slide 13: Cash Year-on-Year

    Financials Cash Year-on-Year 9 Months 9 Months 2017 2018 Cash, b.o. period 19.9 37.6 Cashflow from Operations 28.7 22.9 Cashflow from Investments incl. -10.6 -26.7 acquisition of Silicon Software GmbH Free Cashflow 18.1 -3.8 Cashflow from Financing -3.2 -3.9 Cash, e.o. period 34.8 29.9 Public | © Ba

  14. Slide 14: Net Cash

    Financials Net Cash (in € mill.) Dec. 31st, Sept. 30th, +/- 2017 2018 Liabilities to banks -11.0 -14.2 +29 % Cash & Cash equivalents 36.0 29.9 -17 % Operative Net Cash 25.0 15.7 -37 % Public | © Basler AG 14

  15. Slide 15: Distribution by Function

    Financials Distribution by Function PRODUCTION 30% 649* SALES & MARKETING 23% R&D 33% ADMINISTRATION 14% *649 fulltime equivalent jobs e/o Sept. 2018 incl. Silicon Software 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 120 110 100 90 80 70 60 BASLER Xetra 2018 TecDax 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 2018

    Outlook Business Outlook & Guidance 2018 Based on the solid first nine months, we…  expect bookings and billings to stabilize or slightly recover in Q4, 2018  will continue to grow and adjust the organization and therefore increase OPEX in Q4 We confirm our guidance from October 25th, 2018  Reven

  20. Slide 20: 2022 Outlook: Financial Mid-term Plan

    2022 Outlook Financial Mid-term Plan >15% >12% CAGR EBT Margin €250 mill. 70% Revenue CCR* >900.000 Cameras * Cash Conversation Rate FCF/EAT ** Mid-term goals, 2022 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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