Basler Ag · XETR:BSL

Basler — H1 2015 Earnings Presentation

23 slides from Basler's earnings presentation, Aug 5, 2015

  1. Slide 1: Results First Half-Year 2015

    Results First Half-Year 2015 August 5th, 2015 Hardy Mehl (CFO) 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  Review  Financials  Share  Outlook Public | © Basler AG 05.08.2015 | Verena Fehling 3

  4. Slide 4: Review 1st Half-Year 2015: Highlights (1/2)

    Review 1st Half-Year 2015 Highlights 1st Half Year 2015 (1/2)  We further gained market share with a revenue growth (+13%) above market development (~10%).  Our gross margin decreased by 3%-points mainly due to product mix, regional shifts towards Asia and a more competitive market environment  W

  5. Slide 5: Review 1st Half-Year 2015: Highlights (2/2)

    Review 1st Half-Year 2015 Highlights 1st Half Year 2015 (2/2)  We successfully started the mass production of our entry level camera series dart and the camera series beat  First pulse cameras were shipped addressing non- factory applications  USB3 product line ramps-up  Utilization of productio

  6. Slide 6: Agenda

    Agenda  Review  Financials  Share  Outlook Public | © Basler AG 05.08.2015 | Verena Fehling 6

  7. Slide 7: Revenues & Order Entry

    Revenues & Order Entry Last 10 quarters Order Entry 20.6 € mill. Revenues 21.9 € mill. 20,000 K€ 15,000 K€ 10,000 K€ Revenue [K€] Order Entry [K€] 5,000 K€ 0 K€ Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2013 2014 2015 Public | © Basler AG 7

  8. Slide 8: Gross Profit (IFRS)

    Gross Profit (IFRS) Absolute and by percentage Product mix 14,000 K€ 60% Shift to Asia 52.0% 50.3% 52.3% 50.9% 53.5% Increasing price pressure 50.1% 51.0% 47.0% 49.0% 47.6% Depreciation on material 12,000 K€ 50% 10,000 K€ 40% 8,000 K€ 30% 6,000 K€ Gross Profit [K€] 20% Gross Profit [%] 4,000 K€ 2,00

  9. Slide 9: Earnings Before Tax

    Earnings Before Tax Absolute and by percentage 4,500 K€ 24% 4,000 K€ 18.4% 18.2% 3,500 K€ 19% 13.5% 3,000 K€ 12.2% 12.0% 12.1% 10.5% 14% 2,500 K€ 11.1% 10.8% 2,000 K€ EBT [K€] 7.0% 9% 1,500 K€ EBT [%] 1,000 K€ 4% 500 K€ 0 K€ -1% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2013 2014 2015 Public | © Basler AG 9

  10. Slide 10: Free Cash Flow

    Free Cash Flow By quarters 4,000 K€ • Working Capital • 2014 Bonus payment for employees 3,000 K€ 2,000 K€ 1,000 K€ 0 K€ -1,000 K€ -2,000 K€ Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2013 2014 2015 Public | © Basler AG 10

  11. Slide 11: Profit & Loss First Half-Year 2015

    Profit & Loss First Half-Year 2015 Profit & Loss HY1 2015 vs. HY1 2014 HY1/2014 HY1/2015 +/- Order Entry 40.9 41.6 +2% Sales 39.0 44.2 +13% Gross Profit 20.1 21.4 +6% EBIT 6.7 5.6 -16% EBT 5.9 5.3 -10% Net Income 4.5 4.2 -7% EPS* 1.38 1.30 -6% *All numbers other than EPS in € mill., EPS in € Public

  12. Slide 12: Revenue Split First Half-Year 2015

    Revenue Split First Half-Year 2015 Regional Revenue Breakdown 20% 45% 35% *as of June 30, 2015 Public | © Basler AG 05.08.2015 | Verena Fehling 12

  13. Slide 13: Cash Flow First Half-Year 2015

    Cash Flow First Half-Year 2015 Cash Flow HY1 2015 vs. HY1 2014 HY1/2014 HY1/2015 +/- Cash, b.o. period 9.7 12.8 +32% Cashflow from Operations 5.3 2.7 -49% Cashflow from Investments -3.6 -5.2 +44% Free Cashflow 1.7 -2.5 - Cashflow from Financing -0.8 -1.2 +50% Cash, e.o. period 10.6 9.1 -14% *All num

  14. Slide 14: Net Cash e/o June 2015

    Net Cash e/o June 2015 Net Cash e/o June 2015 vs. e/o June 2014 June June +/- 30th, 30th, 2014 2015 Liabilities to banks -8.2 -8.0 -2% Cash & Cash equivalents 12.8 9.1 -29% Net Cash 4.6 1.1 -76% *Numbers in € mill. Public | © Basler AG 05.08.2015 | Verena Fehling 14

  15. Slide 15: New Hires

    New Hires New hires and distribution by function PRODUCTION 25% SALES & MARKETING 435* 30% ADMINISTRATION R&D 20% 25% 39 new fulltime equivalent jobs in the first half-year 2015 *435 fulltime equivalent jobs as of June 30, 2015 Public | © Basler AG 05.08.2015 | Verena Fehling 15

  16. Slide 16: Agenda

    Agenda  Review  Financials  Share  Outlook Public | © Basler AG 05.08.2015 | Verena Fehling 16

  17. Slide 17: Basler Share HY1 2015

    Basler Share HY1 2015 Basler Share versus TecDax 165,00 155,00 145,00 135,00 Basler 125,00 TecDax 115,00 105,00 95,00 01.01.2015 01.02.2015 01.03.2015 01.04.2015 01.05.2015 01.06.2015 01.07.2015 Public | © Basler AG 05.08.2015 | Verena Fehling 17

  18. Slide 18: Company Profile

    Company Profile Basler Share *as of June 30, 2015 Public | © Basler AG 05.08.2015 | Verena Fehling 18

  19. Slide 19: Agenda

    Agenda  Review  Financials  Share  Outlook Public | © Basler AG 05.08.2015 | Verena Fehling 19

  20. Slide 20: Outlook: Macro environment

    Outlook Macro environment  Market is forecasted to grow with approximately 10% (Source: VDMA)  Macro-economic uncertainties are assumed to have limited business effects  Strong US Dollar will lead to positive margin effects, subdued by natural and financial hedge  Stable Japanese Yen anticipated

  21. Slide 21: Outlook: Mid-term critical success factors

    Outlook Mid-term critical success factors  Further expand market leadership in Gigabit- Ethernet camera market  Further ramp-up USB3 product line & leverage early-mover advantage  Successful launch of new products: Basler dart, Basler pulse, Basler ace models and Basler lenses  Leverage market o

  22. Slide 22: Outlook: Guidance 2015

    Outlook Guidance 2015  Sales € 81 – 84 mill.  EBT-Margin 9 – 10 %  Positive free cash flow Public | © Basler AG 05.08.2015 | Verena Fehling 22

  23. Slide 23: Questions & Answers

    Questions & Answers Verena.Fehling@baslerweb.com Phone +49 4102 463 101

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