Basler Ag · XETR:BSL

Basler — H1 2019 Earnings Presentation

22 slides from Basler's earnings presentation, Aug 7, 2019

  1. Slide 1: Financial Report 1st Half Year, 2019

    Financial Report 1st Half Year, 2019 August 7, 2019 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: Highlights First 6 Months 2019

    Executive Summary Highlights First 6 Months 2019 Market Environment  Market bookings -9 % and billings -11 % (source: VDMA, YTD-May 2019)  Manufacturing PMIs in Europe, ASEAN, China and Japan since b/o 2019 below 50; Germany even below 45.  Significant weaker demand in electronics and semicon cap

  4. Slide 4: Executive Summary: Employees by Function

    Executive Summary Employees by Function June 30th, 2019 PRODUCTION 26 % e/o June 2018 808* SALES & MARKETING 34 % R&D 25 % ADMINISTRATION 15 % *fulltime equivalent jobs Public | © Basler AG 4

  5. Slide 5: Executive Summary: Main New Product Introductions

    Executive Summary Highlights First 6 Months 2019 Main New Product Introductions  New Basler ace cameras with CMOS sensors  Portfolio expansion of ace MED product line  Introduction of new embedded vision kits based on Qualcomm and NXP processors  Announcement of ace2  Announcement of Basler boo

  6. Slide 6: Journey Towards Computer Vision Toolbox

    Executive Summary Journey Towards Computer Vision Toolbox Computer Vision Product Portfolio Toolbox Markets/Applications 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. 60 Billings +10 % Bookings +25 % Order Entry € mill. 4546 42 43 42 4242 40 38 40 39 36 34 3335 34 2927 26 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2017 2018 2019 Public | © Basler AG 8

  9. Slide 9: Revenue Split by Regions

    Financials Revenue Split by Regions 16% 16 % 32 % 32 % 52 % 52 % *as of June 30, 2019 Public | © Basler AG 9

  10. Slide 10: Development of Gross Profit and Gross Margin

    Financials Development of Gross Profit and Gross Margin Gross Profit/Margin 54.3% 54.7% (excl. R&D Depreciation) 51.8% 52.2% 50.1% 48.8% Gross Profit/Margin 50.6% 50.8% (incl. R&D Depreciation) 47.3% 46.0% 46.1% 44.6% 24.4 22.7 21.0 20.7 19.5 17.6 19.7 17.1 18.1 18.9 15.6 15.5 Q1 Q2 Q3 Q4 Q1 Q2 2018

  11. Slide 11: EBT Development by Quarter

    Financials EBT Development by Quarter EBT € mill. 24.1 % 22.1 % EBT % 12.1 % 7.9 % 9.7 % 3.9 % 10.8 8.5 4.0 4.1 3.1 1.3 Q1 Q2 Q3 Q4 Q1 Q2 2018 2019 Public | © Basler AG 11

  12. Slide 12: Profit & Loss KPIs Year-on-Year

    Financials Profit & Loss KPIs Year-on-Year (in € mill.) HY1 - 2018 HY1 - 2019 +/- Order Entry 79.8 84.2 6% Sales 83.4 81.7 -2 % Gross Profit 50.6 % 45.3 % -5 Pp. EBITDA 24.4 13.7 -44 % EBIT 19.3 7.5 -61 % EBT 19.2 7.2 -63 % Net Income 14.6 4.8 -67 % EPS* 1.51 0.49 -68 % * EPS (Earnings per share) in

  13. Slide 13: Free Cash Flow Development by Quarter

    Financials Free Cash Flow Development by Quarter FCF € mill. 13.2 10.7 8.1 OCF € mill. 1.0 10.0 5.1 1.1 ICF € mill. 4.1 -0.9 Q1 Q2 Q3 Q4 Q1 Q2 -4.2 -3.2 -6.2 -3.1 -5.3 -10.3 -9.7 -18.5 -20.4 2018 2019 Public | © Basler AG 13

  14. Slide 14: Cash Year-on-Year

    Financials Cash Year-on-Year (in € mill.) HY1 - 2018 HY1 - 2019 Cash, b.o. period 36.0 31.8 Cashflow from Operations 12.2 7.3 Cashflow from Investments -6.3 -23.8 Free Cashflow 5.9 -16.5 Cashflow from Financing -5.6 15.4* Cash, e.o. period 36.3 30.7 *Incl. sold treasury shares for € 20.8 mill. Publi

  15. Slide 15: Net Cash

    Financials Net Cash (in € mill.) Dec. 31st, June 30th, 2018 2019 Liabilities to banks -19.1 -20.6 Cash & Cash equivalents 31.8 30.7 Operative Net Cash 12.7 10.1 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 135,00 130,00 125,00 120,00 115,00 110,00 BASLER 105,00 TecDax 100,00 95,00 90,00 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 2019

    Outlook Business Outlook & Guidance 2019 Based on current information we expect:  bookings and billings to make a side move in Q3/2019  markets to stay weak, uncertain and volatile We confirm our guidance from March 21st, 2019:  Revenue 160 - 180 mill. €  EBT-Margin 7 - 11 % Public | © Basler AG

  20. Slide 20: 2022 Financial Mid-term Plan

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