Basler Ag · XETR:BSL

Basler — Q3 2020 Earnings Presentation

22 slides from Basler's earnings presentation, Nov 5, 2020

  1. Slide 1: Quarterly Report Q3, 2020

    Quarterly Report Q3, 2020 November 5th, 2020 Hardy Mehl | CFO/COO 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: Covid-19 Impact

    Executive Summary Covid-19 Impact  Highest priority on employees’ health has been successful. The Basler team did a great job to keep up operations and push forward strategic projects. Employees are highly motivated despite.  Organization has been able to continue all operations and successfully s

  4. Slide 4: Executive Summary: Highlights Months 2020 (1/3)

    Executive Summary Highlights 9 Months 2020 (1/3) Market Environment  German industry for vision components billings -7 % and bookings -10 %*  Automotive industry and general machinery highly affected by Covid-19  Seasonal decline in semicon/electronics business in Q3 2020 as expected  Continuing

  5. Slide 5: Executive Summary: Highlights Months 2020 (2/3)

    Executive Summary Highlights 9 Months 2020 (2/3) Latest Product Introductions & Innovations  Announcement of 24 new models of ace 2 Basic and ace 2 Pro  MED ace camera product range was extended by four models – now available in 6 and 20 megapixel configuration  Series production for Basler Blaze

  6. Slide 6: Executive Summary: Highlights Months 2020 (3/3)

    Executive Summary Highlights 9 Months 2020 (3/3) 35 % Sales & Marketing  4 FTEs more since Dec. 25 % Production 31, 2019 810* 15 % Administration 25 % R&D *fulltime equivalent jobs in average for the fiscal year (FTE) Public | © Basler AG 6

  7. Slide 7: Agenda

    Agenda 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 7

  8. Slide 8: Development of Bookings and Billings

    Financials Development of Bookings and Billings Revenue mill. € 53 Order Entry mill. € 4546 44 44 45 42 4242 41 40 39 39 40 38 39 39 35 36 34 33 34 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2018 2019 2020 Public | © Basler AG 8

  9. Slide 9: 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 € 129.2 million 5 Silicon Software 4 6 Basler China 7 Korea 16 % 30 % 54 % 8 Japan Americas EMEA Asia Public | © Basler AG 9

  10. Slide 10: Development of Gross Profit and Margin

    Financials Development of Gross Profit and Margin Gross Profit mill. € Gross Margin % 53.5% 52.6% 52.6% 51.2% 51.4% 50.1%* 48.8%* 24.2 23.0 20.7 21.2 20.4 20.7 19.7 Q1 Q2 Q3 Q4 Q1 Q2 Q3 *extraordinary stock effects 2019 2020 due to China M&A Public | © Basler AG 10

  11. Slide 11: Development of EBT and EBT-Margin

    Financials Development of EBT and EBT-Margin 14.3% 14.4% 14.6% 13.2% EBT % 9.7% 9.8% 7.9% EBT mill. € 6.3 6.6 5.9 5.3 4.1 3.8 3.1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2019 2020 Public | © Basler AG 11

  12. Slide 12: P&L KPIs

    Financials P&L KPIs (mill. €) 9 Months 2020 9 Months 2019 +/- Order Entry 128.3 122.7 +5% Sales 129.2 123.2 +5% Gross Profit 52.6% 50.0% +2.6 Pp. EBITDA 28.2 23.1 +22% EBIT 18.6 13.6 +37% EBT 18.1 13.1 +38% Net Income 13.7 9.3 +47% EPS* 1.37 0.94 +45% *All numbers other than EPS in mill. €, EPS in €

  13. Slide 13: Development Free Cash flow

    Financials Development Free Cash flow (mill. €) 13.3 FCF mill. € 10.8 9.7 OCF mill. € 8.1 6.7 5.3 5.0 ICF mill. € 3.7 1.9 2.0 -0.9 -1.9 Q1 Q2 Q3 Q4 Q1 Q2 Q3 -6.2 -3.9 -4.8 -4.3 -5.3 -5.8 -9.7 * -10.4 -18.5* * extraordinary M&A investments 2019 2020 (MVLZ, China) Public | © Basler AG 13

  14. Slide 14: Cashflow & Liquidity

    Financials Cashflow & Liquidity (in mill. €) 9 Months 2020 9 Months 2019 Cash, b.o. period 35.2 31.8 Cash flow from Operations 25.0 14.0 Sept. 30th, Dec. 31st, Cash flow from 2020 2019 Investments -17.9 -28.6 Liabilities Free Cash flow 7.1 -14.6 to banks -24.3 -19.5 Cash flow from -0.5 13.7 Cash & C

  15. Slide 15: Agenda

    Agenda 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 15

  16. Slide 16: Basler Share Performance

    Share Basler Share Performance - Basler Share - TDXP Index Number of shares: 130,00 10.5 million, Prime Standard 120,00 Market cap e.o. Sept. 2020: 110,00 € 504.3 million 100,00 90,00 80,00 70,00 60,00 Public | © Basler AG 16

  17. Slide 17: Agenda

    Agenda 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 17

  18. Slide 18: Outlook: Market Environment

    Outlook Market Environment Overall, the demand in the first nine months of 2020 was better than expected after the Covid outbreak in Q1. PMIs indicate further market improvement but vertical market demands are diverse and rising infection rates foster uncertainty. For Q4 2020, we expect:  order ent

  19. Slide 19: Basler Guidance 2020

    Outlook Basler Guidance 2020 Based on the solid YTD results, reflecting the bookings level of the third quarter and the market assumptions for Q4, we substantiate our annual guidance at the top end. Guidance for 2020:  Revenues 165 million Euro  EBT-Margin 10% Public | © Basler AG 19

  20. Slide 20: 2023 Outlook: Financial Mid-term Plan

    2023 Outlook Financial Mid-term Plan 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 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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