Basler Ag · XETR:BSL

Basler — Q3 2021 Earnings Presentation

22 slides from Basler's earnings presentation, Nov 4, 2021

  1. Slide 1: Quarterly Report Q3, 2021

    Quarterly Report Q3, 2021 November 4th, 2021 Hardy Mehl | CFO/COO Public | © Basler AG

  2. Slide 2: 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

  3. Slide 3: Agenda

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

  4. Slide 4: Executive Summary: Market Environment and Basler Performance

    Executive Summary Market Environment and Basler Performance Market Environment  German industry for vision components up 20 % in billings and 31 % in bookings*  Continue of high growth in semicon, electronics and logistics applications  Medical and general factory automation back to growth  Stro

  5. Slide 5: Executive Summary: Organization

    Executive Summary Organization 35 % Sales & Marketing  41 FTEs more since Dec. 31, 2020 24 % Production  New org architecture since April 1st to better support our strategic journey to a full range provider 849*  Hiring program for ~150 employees worldwide initiated to further scale the company,

  6. Slide 6: Executive Summary: Product Highlights, Innovations & Cooperations

    Executive Summary Product Highlights, Innovations & Cooperations Latest Product Introductions & Innovations Basler presented its latest developments and vision solutions at VISION Stuttgart beginning of October:  the broad portfolio of ace 2 cameras further complemented by powerful Sony sensors of

  7. Slide 7: Executive Summary: Full-Line Provider

    Executive Summary Full-Line Provider Integration / Customized Solutions Products / Components Software © Public | © Basler AG 7

  8. Slide 8: Agenda

    Agenda 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 8

  9. Slide 9: Development of Bookings and Billings

    Financials Development of Bookings and Billings Very strong order momentum! Revenue mill. € Q3-Q3 Bookings +137% 9M Bookings +85% 85 85 Order Entry mill. € 67 61 53 53 55 49 44 45 39 40 41 36 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2020 2021 Public | © Basler AG 9

  10. Slide 10: Revenue Split by Region

    Financials Revenue Split by Region Basler AG Headquarters 1 Ahrensburg, Germany 1 5 Basler Subsidiaries 2 7 8 2 Exton, U.S. 6 3 Taiwan 3 4 Singapur Total € 164.6 mill. 5 Silicon Software 4 6 Basler China 7 Korea 14 % 31 % 55 % 8 Japan Americas EMEA Asia Public | © Basler AG 10

  11. Slide 11: Development of Gross Profit and Margin

    Financials Development of Gross Profit and Margin Material spot buys 54.6% 54.3% and lower utilization 53.5% in production caused 52.6% 51.4% 50.4% gross margin drop 49.1% 32.9 29.8 23.0 24.2 24.2 Gross Margin % 20.7 20.8 Gross Profit mill. € Q1 Q2 Q3 Q4 Q1 Q2 Q3 2020 2021 Public | © Basler AG 11

  12. Slide 12: Development of EBT and EBT-Margin

    Financials Development of EBT and EBT-Margin EBT mill. € 18.1% 17.8% EBT % 14.4% 14.6% 13.2% 7.7% 5.6% 10.8 9.9 6.3 6.6 5.3 3.8 2.3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2020 2021 Public | © Basler AG 12

  13. Slide 13: P&L KPIs

    Financials P&L KPIs (mill. €) 9 Months 2021 9 Months 2020 +/- Order Entry 237.6 128.3 +85 % Sales 164.6 129.2 +27 % Gross Profit 52.8% 52.6% +0,2 Pp. EBITDA 37.1 28.2 +32 % EBIT 24.9 18.6 +34 % EBT 24.5 18.1 +35 % EBT Margin 14.9% 14.0% +0,9 Pp. Net Income 18.7 13.7 +36 % EPS* 1.87 1.37 +36 % *All n

  14. Slide 14: Development Free Cashflow

    Financials Development Free Cashflow FCF mill. € 15.0 OCF mill. € 13.3 12.3 9.7 9.6 8.7 ICF mill. € 6.9 5.3 5.4 3.7 4.7 2.0 1.0 -1.9 Q1 Q2 Q3 Q4 Q1 Q2 Q3 -3.3 -3.9 -4.3 -3.6 -5.4 -5.5 -9.7 2020 2021 Public | © Basler AG 14

  15. Slide 15: Cashflow & Liquidity

    Financials Cashflow & Liquidity (in mill. €) 9 Months 2021 9 Months 2020 Cash, b.o. period 47.9 35.2 Cash flow from Operations 28.4 25.0 Sept. 30th, Dec. 31st, Cash flow from 2021 2020 Investments -12.4 -17.9 Liabilities Free Cash flow 16.0 7.1 to banks -22.1 -25.2 Cash flow from -15.8 -0.5 Cash & C

  16. Slide 16: Agenda

    Agenda 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 16

  17. Slide 17: Basler Share Performance

    Share Basler Share Performance closing price Number of shares: € 144.80 250 10.5 mill., Prime Standard 200 Market cap e.o. Sept. opening price 2021: € 1,444 billion € 72.00 150 Treasury shares: 100 5% threshold of voting rights reached in July, 2021 50 Basler Aktie TDXP Index Listing: 0 Upmove to th

  18. Slide 18: Agenda

    Agenda 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 18

  19. Slide 19: Outlook: Business Environment

    Outlook Business Environment For the coming months, we expect  order level to stay high because of strong demand and extended order horizons  global shortage of semiconductors to further disrupt supply chains and to remain the key bottleneck for production output  temporary material cost increase

  20. Slide 20: Basler Guidance 2021

    Outlook Basler Guidance 2021 Considering our YTD results and the business environment we underline and narrow down the corridor of our annual guidance: Guidance for 2021: Actual Previous Revenues 210M€ – 220M€ 205M€ - 225M€ EBT-Margin 13%-15% 13%-15.5% Public | © Basler AG 20

  21. Slide 21: 2023 Outlook: Financial Mid-term Plan

    2023 Outlook Financial Mid-term Plan – Update e/o 2021 15% 12% CAGR EBT Margin 2023 €250 mill. 70% Revenue CCR* * Cash Conversation Rate FCF/EAT (excl. M&A transactions) ** Mid-term goals, 2023 Public | © Basler AG 21

  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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