Bechtle Ag · XETR:BC8
Bechtle — Stifel German Corporate Conference 2024
29 slides from Bechtle's conference presentation, Mar 21, 2024
Slide 1: Bechtle AG – Company Presentation
Bechtle AG – Company Presentation Welcome! Kopenhagen | 21 March 2024
Slide 2: Contents
Contents. 1 Introduction to Bechtle AG. 2 Sustainability. 3 Business Development. 4 The Bechtle Share. 5 News and Highlights. 6 Outlook. 21/3/2024 | Bechtle AG | Company Presentation 2
Slide 3: 1 Introduction to Bechtle AG
1 Introduction to Bechtle AG. 21/3/2024 | Bechtle AG | Company Presentation 3
Slide 4: Bechtle at a Glance
Bechtle at a Glance. >15,000 Employees 7.8 bn € Business Volume in 2023 Broad portfolio ENTREPRENEURIAL of future-oriented IT products INTERNATIONAL THINKING AND and services BEHAVIOUR Present in 14 European countries supporting our customers worldwide Close to our customers – DECENTRALISED strong f
Slide 5: Business Segment – IT System House & Managed Services
Business Segment – IT System House & Managed Services. Wholesaler: Consulting, procurement and services Widespread, regional coverage, even outside DACH Close to our customers with more than 100 locations Decentralised structure with high responsibility of local MDs Employees in 2023: 11,818 Revenue
Slide 6: Business Segment – IT E-Commerce
Business Segment – IT E-Commerce. Pure trading business Presence in 14 European countries with our brand Bechtle direct Cross-channel strategy: Digital reach with personal account management. Outbound oriented sales force Individual e-procurement services at bechtle.com Peripherals under our own bra
Slide 7: Nr. 1 Ranked System House in Germany
Nr. 1 Ranked System House in Germany. Revenue in Germany (in €m) RANK COMPANY 2022 1 Bechtle 3,731 2 T-Systems International 2,900 3 NTT Data 2,200 4 Computacenter 2,159 5 SVA System Vertrieb Alexander 1,557 6 Cancom 1,172 7 Software One 1,004 8 MSG Systems 903 9 ACP Gruppe 900 10 Adesso 729 … … … 3
Slide 8: Shareholder Structure – Long-term and independent anchor shareholder
Shareholder Structure – Long-term and independent anchor shareholder. Flossbach von Storch 5.15% Schick Family 35.02% incl. Gerhard and Ilse Schick Foundation: 3.57% AGI 5.00% Black Rock 3.23% Freefloat 51.60% Current of: March 2024, 126 million shares 21/3/2024 | Bechtle AG | Company Presentation 8
Slide 9: Dividend – Fourteenth increase in a row
Dividend – Fourteenth increase in a row. in € cent +7.7% 70* 65 55 45 40 2019 2020 2021 2022 2023 * AGM proposal 21/3/2024 | Bechtle AG | Company Presentation 9
Slide 10: 2 Sustainability
2 Sustainability. 21/3/2024 | Bechtle AG | Company Presentation 10
Slide 11: Sustainability Strategy 2030 – Four strategic areas of action
Sustainability Strategy 2030 – Four strategic areas of action. We fulfil our duty to ensure We operate in harmony with our We embody fairness and value We drive future-facing human rights are respected along environment to conserve our our business partners and digitalisation and contribute to our s
Slide 12: Sustainability Strategy 2030 – Selected actions and concrete targets
Sustainability Strategy 2030 – Selected actions and concrete targets. ETHICAL BUSINESS 2023. Review of suppliers with the CSR audit Targets. Professionalisation of CSR risk management PRATICES. provider EcoVadis. in accordance with the Supply Chain Act. Introduction of dialogue with selected Conduct
Slide 13: Bechtle Climate Protection Strategy 2030
Bechtle Climate Protection Strategy 2030 – Avoidance. Reduction. Compensation. Our Targets: • We achieve climate neutrality i.e. net-zero carbon emissions, largely through reductive measures by 2030. • We choose a three-pronged approach of avoidance, reduction and compensation with certified climate
Slide 14: 3 Business development
3 Business development. 21/3/2024 | Bechtle AG | Company Presentation 14
Slide 15: Revenue and business volume – Bechtle strong in the face of difficult framework conditions
Revenue and business volume – Bechtle strong in the face of difficult framework conditions. in €m +6.5% +7.0% 2022 2023 6,423 7,794 6,028 7,286 Revenue Business Volume 21/3/2024 | Bechtle AG | Company Presentation 15
Slide 16: Revenue – Strong first half of the year
Revenue – Strong first half of the year. in €m +11.6% +6.5% +1.0% +7.2% 2022 2023 1,895 1,768 1,538 1,510 1,464 1,479 1,379 1,418 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 21/3/2024 | Bechtle AG | Company Presentation 16
Slide 17: Revenue – IT System House & Managed Services segment drives growth
Revenue – IT System House & Managed Services segment drives growth. in €m +6.5% 6,423 6,423 6,028 6,028 2,133 -5.1% 2,427 +5.7% 2,248 2,296 IT E-commerce International IT SH & MS 4,290 +13.5% Germany 3,780 3,732 3,996 +7.1% FY 20221 FY 2023 FY 2022 FY 2023 1 Previous year’s figures adjusted 21/3/202
Slide 18: EBIT – Development mirrored revenue despite cost pressures
EBIT – Development mirrored revenue despite cost pressures. in €m +14.4% -4.5% +7.6% 2022 2023 Margin 382.3 355.4 259.7 227.0 128.4 122.6 6.0% 6.1% 5.7% 5.7% 5.9% 6.0% IT SH & MS IT E-commerce Group 21/3/2024 | Bechtle AG | Company Presentation 18
Slide 19: Operative cashflow – At record level in 2023
Operative cashflow – At record level in 2023. in €m 459.0 317.5 284.5 185.8 116.7 2019 2020 2021 2022 2023 21/3/2024 | Bechtle AG | Company Presentation 19
Slide 20: Employees – Organic workforce expansion of 4.0%
Employees – Organic workforce expansion of 4.0%. +1,113 employees +7.9% 15,159 14,046 12,880 12,180 11,487 2019 2020 2021 2022 2023 21/3/2024 | Bechtle AG | Company Presentation 20
Slide 21: 4 The Bechtle Share
4 The Bechtle Share. 21/3/2024 | Bechtle AG | Company Presentation 21
Slide 22: Bechtle share – Clear outperformer
Bechtle share – Clear outperformer. 31/12/2022 31/12/23 01/03/24 €33.06 €45.39 €48.27 Performance 50 € Bechtle +46.0% DAX* +27.4% 45 € TecDAX* +17.4% MDAX* +4.0% * indexed 40 € * indexed 35 € 30 € J 23 F 23 M 23 A 23 M 23 J 23 J 23 A 23 S 23 O 23 N 23 D 23 J 24 F 24 M 24 21/3/2024 | Bechtle AG | Com
Slide 23: 5 News and Highlights
5 News and Highlights. 21/3/2024 | Bechtle AG | Company Presentation 23
Slide 24: Bechtle Supervisory Board appoints Konstantin Ebert and Antje Leminsky to Executive Board
1 Bechtle Supervisory Board appoints Konstantin Ebert and Antje Leminsky to Executive Board. Konstantin Ebert became COO IT E-commerce on 01 January 2024 while Antje Leminsky took up her post as COO for Logistics, Supply Chain & Partner Management, as well as Financial Services and Sustainability Ma
Slide 25: Bechtle moves into AI
2 Bechtle moves into AI. 51 per cent share in Rostock-based AI company, Planet AI. Bechtle joins AI ecosystem, Ipai, in Heilbronn. 5,000 Bechtle employees across 14 countries using Copilot for Microsoft 365. 21/3/2024 | Bechtle AG | Company Presentation 25
Slide 26: 6 Outlook
6 Outlook. 21/3/2024 | Bechtle AG | Company Presentation 26
Slide 27: Forecast – Digitalisation continues to drive growth
Forecast – Digitalisation continues to drive growth. Average growth per year +5.9% Revenue in €bn 143.6 152.6 128.6 139.4 IT market in Germany – Consistently high growth. 2021 2022 2023 2024 Source: bitkom Revenue Average growth per year +10.3% in $bn 59.2 65.3 48.7 53.7 44.0 IT security – High pote
Slide 28: Outlook – Optimistic despite challenging times
Outlook – Optimistic despite challenging times. Context. Overall economic conditions remain challenging in the 2024 fiscal year. Gradual improvement only expected in second half-year. Above-average growth expected in the IT market. Individual markets and technologies (security, cloud, edge computing
Slide 29: Any questions?
Any questions? All key figures and information can also be found at: bechtle.com/reports 21/3/2024 | Bechtle AG | Company Presentation 29