Slide 1: Bechtle AG 2nd Quarter and 1st Half-year 2020
Bechtle AG 2nd Quarter and 1st Half-year 2020 Neckarsulm | 12 August 2020
Slide 2: Contents
Contents. 1. Business development 2. The Bechtle share 3. News and updates 4. Outlook 12/08/2020 | Bechtle AG | 2nd Quarter 2020 2
Slide 3: Revenue – Growth predictably slow in Q2
Revenue – Growth predictably slow in Q2. +9.3% +3.9% +6.6% 2019 2020 +8.2%* +2.4%* +5.3%* * organic growth 2,666 2,501 1,356 1,261 1,311 1,240 1st Quarter 2nd Quarter 1st Half-year in €m 12/08/2020 | Bechtle AG | 2nd Quarter 2020 3
Slide 4: Revenue – Effects of corona pandemic felt more keenly abroad
Revenue – Effects of corona pandemic felt more keenly abroad. +5.4% +1.4% +3.9% Q2.2019 Q2.2020 +4.3%* -1.0%* +2.4%* * organic growth 1,261 1,311 798 841 463 470 Domestic Abroad Group in €m 12/08/2020 | Bechtle AG | 2nd Quarter 2020 4
Slide 5: Revenue – Diverging development in business segments
Revenue – Diverging development in business segments. +9.7% -6.6% +3.9% Q2.2019 Q2.2020 +7.3%* -6.6%* +2.4%* * organic growth 1,261 1,311 894 815 446 417 IT SH & MS IT E-Commerce Group in €m 12/08/2020 | Bechtle AG | 2nd Quarter 2020 5
Slide 6: Gross margin – Remains at good level
Gross margin – Remains at good level. 15.7 15.6 15.0 14.3 Q2.17 Q2.18 Q2.19 Q2.20 in % 12/08/2020 | Bechtle AG | 2nd Quarter 2020 6
Slide 7: EBIT – Earnings grow disproportionately
EBIT – Earnings grow disproportionately. 2019 +13.7% +4.3% +8.5% 2020 112.2 103.3 57.1 59.5 52.6 46.3 1st Quarter 2nd Quarter 1st Half-year in €m 12/08/2020 | Bechtle AG | 2nd Quarter 2020 7
Slide 8: EBIT – Development varies wildly between segments
EBIT – Development varies wildly between segments. Q2.2019 +17.2% -15.0% +4.3% Q2.2020 57.1 59.5 40.2 34.3 22.8 19.4 in €m IT SH & MS IT E-Commerce Group 4.2% 4.5% 5.1% 4.6% 4.5% 4.5% Margin 12/08/2020 | Bechtle AG | 2nd Quarter 2020 8
Slide 9: Employees – Moderate increase driven by acquisitions
Employees – Moderate increase driven by acquisitions. +1,040 employees =9.5% +187 employees =1.6% 11,955 11,768 11,487 11,246 10,915 Q2.19 Q3.19 Q4.19 Q1.20 Q2.20 12/08/2020 | Bechtle AG | 2nd Quarter 2020 9
Slide 10: Working capital – YoY decline
Working capital – YoY decline. +5.4% -3.1% 704.3 682.5 Working capital development (YoY) 647.7 Inventories +104.7 million euros Trade receivables -103.0 million euros Accrued income +9.3 million euros Trade payables +50.3 million euros Deferred income -26.6 million euros Total +34.7 million euros FY
Slide 11: Operative cashflow – Positive development continues
Operative cashflow – Positive development continues. 39.3 5.8 7.4 -14.5 -23.3 H1.16 H1.17 H1.18 H1.19 H1.20 in €m 12/08/2020 | Bechtle AG | 2nd Quarter 2020 11
Slide 12: The Bechtle share – New highs
The Bechtle share – New highs. 31/12/2019 07/08/2020 Performance ytd €125.20 €170.10 160 € Bechtle +35.9% 140 € TecDAX* +1.4% 120 € MDAX* -4.1% 100 € DAX* -4.3% 80 € *indexed 60 € J 20 F 20 M 20 A 20 M 20 J 20 J 20 A 20 12/08/2020 | Bechtle AG | 2nd Quarter 2020 12
Slide 13: Expansion of multi-cloud portfolio – Bechtle SME partner for Google Cloud
1 Expansion of multi-cloud portfolio – Bechtle SME partner for Google Cloud. Bechtle commissioned by SGB-SMIT group to transform their corporate IT with Google Cloud 12/08/2020 | Bechtle AG | 2nd Quarter 2020 13
Slide 14: Digitalisation in education – Bechtle becomes Hasso Plattner Institute partner
2 Digitalisation in education – Bechtle becomes Hasso Plattner Institute partner. HPI has chosen Dataport, Bechtle, Capgemini and Ionos to support in the development of the HPI School Cloud. The partners are taking on technical operations as well as consultation and are supporting in its continued d
Slide 15: Public Sector – Bechtle submits winning bid to IT.Niedersachsen
3 Public Sector – Bechtle submits winning bid to IT.Niedersachsen. Bechtle has been awarded a wide-ranging services contract, covering IT project management and strategic consulting on IT processes. As a central IT service provider, IT.Niedersachsen ensures unified IT processes across its agencies.
Slide 16: Internationalisation – Proposed transformation into Bechtle SE
4 Internationalisation – Proposed transformation into Bechtle SE. The change in corporate form will sharpen Bechtle’s profile as a progressive European IT organisation and enable international employees to better engage in internal discussions regarding corporate development. 12/08/2020 | Bechtle AG
Slide 17: Award-winning communication – Bechtle wins two Red Dot Awards
5 Award-winning communication – Bechtle wins two Red Dot Awards. Bechtle’s 2019 Annual Report and its magazine Zukunftsstark have both received prestigious Red Dot Awards in the category Brands & Communication Design 2020. 12/08/2020 | Bechtle AG | 2nd Quarter 2020 17
Slide 18: 2020 outlook – Q2 in line with expectations, guidance for FY unchanged
2020 outlook – Q2 in line with expectations, guidance for FY unchanged. Economic conditions. Mood and economic situation still in the doldrums but first signs of recovery in Q2. 2020 will continue to be a challenging year in the IT industry. Bechtle has so far shown itself to be resistant to crisis.
Slide 19: Any questions?
Any questions? For more information: bechtle.com 12/08/2020 | Bechtle AG | 2nd Quarter 2020 19