Slide 1: Bechtle AG 3rd Quarter 2020
Bechtle AG 3rd Quarter 2020 Neckarsulm | 11 November 2020
Slide 2: Contents
Contents. 1. Business development 2. The Bechtle share 3. News and updates 4. Outlook 11/11/2020 | Bechtle AG | 3rd Quarter 2020 2
Slide 3: Revenue – Growth picks up again in Q3
Revenue – Growth picks up again in Q3. 2019 +9.3% +3.9% +7.4% +6.9% 2020 4,037 3,777 1,240 1,356 1,261 1,311 1,276 1,371 Q1 Q2 Q3 9 months in €m 11/11/2020 | Bechtle AG | 3rd Quarter 2020 3
Slide 4: Revenue – Growth in both business segments
Revenue – Growth in both business segments. Q3.2019 +9.7% +3.1% +7.4% Q3.2020 1,371 1,276 918 837 439 453 IT SH & MS IT E-Commerce Group in €m 11/11/2020 | Bechtle AG | 3rd Quarter 2020 4
Slide 5: Revenue – Above-average growth dynamic in Germany
Revenue – Above-average growth dynamic in Germany. Q3.2019 +8.9% +4.8% +7.4% Q3.2020 1,371 1,276 877 805 472 494 Domestic Abroad Group in €m 11/11/2020 | Bechtle AG | 3rd Quarter 2020 5
Slide 6: Gross margin – Remains high and stable
Gross margin – Remains high and stable. 15.6 14.9 15.0 14.6 Q3.17 Q3.18 Q3.19 Q3.20 in % 11/11/2020 | Bechtle AG | 3rd Quarter 2020 6
Slide 7: EBIT – Significant jump in Q3 earnings
EBIT – Significant jump in Q3 earnings. +13.7% +4.3% +25.7% +14.7% 185.5 2019 2020 161.7 73.3 57.1 59.5 58.4 46.3 52.6 Q1 Q2 Q3 9 months in €m 11/11/2020 | Bechtle AG | 3rd Quarter 2020 7
Slide 8: EBIT – Q3 margin noticeably up YOY
EBIT – Q3 margin noticeably up YOY. +24.9% +27.3% +25.7% 73.3 Q3.2019 Q3.2020 58.4 50.0 40.1 23.3 18.3 IT SH & MS IT E-Commerce Group in €m 4.8% 5.5% 4.2% 5.1% 4.6% 5.4% Margin 11/11/2020 | Bechtle AG | 3rd Quarter 2020 8
Slide 9: Employees – Moderate quarterly increase
Employees – Moderate quarterly increase. +100 employees +809 employees +0.8% +7.2% 12,055 11,955 11,768 11,487 11,246 Q3.19 Q4.19 Q1.20 Q2.20 Q3.20 11/11/2020 | Bechtle AG | 3rd Quarter 2020 9
Slide 10: Working capital – Capital commitment further reduced
Working capital – Capital commitment further reduced. -13.1% -4.9% 708.8 Working capital development (YoY) 647.7 616.1 Inventories + €71.3m Trade receivables - €128.5m Accrued income + €5.1m Trade payables + €37.8m Deferred income - €17.4m Total - €31.7m Q3.19 FY.19 Q3.20 in €m 11/11/2020 | Bechtle
Slide 11: Operating cashflow – Very positive YTD development
Operating cashflow – Very positive YTD development. 172.1 42.4 38.7 20.4 20.7 9M.16 9M.17 9M.18 9M.19 9M.20 in €m 11/11/2020 | Bechtle AG | 3rd Quarter 2020 11
Slide 12: Bechtle share – Continues to outperform
Bechtle share – Continues to outperform. 31/12/2019 03/11/2020 Performance ytd €125.20 €149.50 180 € Bechtle +19.4% 160 € 140 € TecDAX* -4.3% 120 € MDAX* -8.8% 100 € DAX* -6.1% *indexed 80 € 60 € J 20 F 20 M 20 A 20 M 20 J 20 J 20 A 20 S 20 O 20 N 20 11/11/2020 | Bechtle AG | 3rd Quarter 2020 12
Slide 13: Artificial intelligence on Germany Unity Day
1 Artificial intelligence on Germany Unity Day – with Bechtle’s full technical backing. Baden-Württemberg showcases its clout as a future-oriented and innovative German state at EinheitsEXPO. Bechtle AG is primary sponsor of the display by Colugo GmbH. 11/11/2020 | Bechtle AG | 3rd Quarter 2020 13
Slide 14: IoT portfolio expansion – Bechtle acquires its 100th company
2 IoT portfolio expansion – Bechtle acquires its 100th company. Bechtle AG purchases dataformers GmbH in Linz, the 100th acquisition in the company’s history. The software developer and IoT solutions specialist employs 55 staff. 11/11/2020 | Bechtle AG | 3rd Quarter 2020 14
Slide 15: Digitalisation in education – Bechtle a strong IT partner for Saarland schools
3 Digitalisation in education – Bechtle a strong IT partner for Saarland schools. Bechtle commissioned to supply over 20,000 notebooks and network infrastructure by the Regional Association of Saarbrücken as part of the government’s drive for digital education. 11/11/2020 | Bechtle AG | 3rd Quarter
Slide 16: Bechtle CMPTNC DY 2020 – Live!
4 Bechtle CMPTNC DY 2020 – Live! For the first time, Bechtle’s premier event took place virtually. To great success! Over 3,000 participants took the opportunity to join the virtual event with industry giants such as Michael Dell, Antonio Neri and Thomas Kurian. 11/11/2020 | Bechtle AG | 3rd Quarter
Slide 17: Sustainable growth – Bechtle comes out 1st at Top 500 Awards
5 Sustainable growth – Bechtle comes out 1st at Top 500 Awards. German Daily DIE WELT and consulting firm Accenture recognised Bechtle’s outstanding growth against a field of corporate groups in Germany. 11/11/2020 | Bechtle AG | 3rd Quarter 2020 17
Slide 18: 2020 outlook – 2020 forecast increased despite continuing uncertainty
2020 outlook – 2020 forecast increased despite continuing uncertainty. Economic conditions. The much-feared second wave has arrived, potential effects on the economy cannot yet be predicted. Currently no discernible decline or even slump in Q4. Bechtle’s development continues to show resilience. For
Slide 19: Any questions?
Any questions? For more information: bechtle.com 11/11/2020 | Bechtle AG | 3rd Quarter 2020 19