Basler Ag · XETR:BSL

Basler — H1 2017 Earnings Presentation

21 slides from Basler's earnings presentation, Aug 9, 2017

  1. Slide 1: Report First Half-Year 2017

    Report First Half-Year 2017 August 9th, 2017 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  Executive Summary  Financials  Share  Outlook Public | © Basler AG 07.08.2017 3

  4. Slide 4: Executive Summary: Highlights First Six Months 2017

    Executive Summary Highlights First Six Months 2017  Strong market: Combination of high growth in all regions and industries combined with significant investments in the Asian electronics industry (Capex for new production lines).  A strong market in combination with market share wins resulted in r

  5. Slide 5: Executive Summary: Main growth drivers

    Executive Summary Highlights First Six Months 2017  Main growth drivers:  Technologies: GigE, USB, CMOS sensor technology  Regions: All regions and specifically Asia  Introduction of new high resolution ace product line Public | © Basler AG 07.08.2017 5

  6. Slide 6: Executive Summary: Acquisition of mycable

    Executive Summary Highlights First Six Months 2017  Acquisition of mycable GmbH on June 1st have complemented our strengths in the emerging embedded vision technology Public | © Basler AG 07.08.2017 6

  7. Slide 7: Agenda

    Agenda  Executive Summary  Financials  Share  Outlook Public | © Basler AG 07.08.2017 7

  8. Slide 8: Development of Booking and Billings

    Financials Development of Booking and Billings 60 Revenue mill. € Order Entry mill. € 42* 40 36 29 26 27 26 25 22 23 24 Q1 Q2 Q3 Q4 Q1 Q2 2016 2017 Public | © Basler AG * mycable included since June 2017 8

  9. Slide 9: Revenue Split by Regions

    Financials Revenue Split by Regions 13% 35% 52% *as of June 30, 2017 Public | © Basler AG 07.08.2017 9

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

    Financials Development of Gross Profit/ Gross Margin Gross Profit/Margin IFRS incl. Gross Profit/ Margin HGB mill. €/% Depreciation mill. €/% * 54.3% 53.1% 53.2% 52.5% 51.8% 51.9% * 50.9% 49.8% 49.6% 49.1% * 22.9 48.1% 21.5* 47.4% 19.3 18.0 13.0 13.7 13.1 11.0 11.9 11.4 12.3 12.0 Q1 Q2 Q3 Q4 Q1 Q2 2

  11. Slide 11: Development of EBT / EBT Margin

    Financials Development of EBT/ EBT Margin EBT mill. € EBT % * 24.4% 21.8% 10.3 * 13.9% 11.1% 11.9% 9.8% 7.9 3.1 3.3 2.8 2.2 Q1 Q2 Q3 Q4 Q1 Q2 2016 2017 Public | © Basler AG * mycable included since June 2017 11

  12. Slide 12: Profit & Loss KPIs

    Financials Profit & Loss KPIs 1HY07 versus 1HY06 6 Months, 6 Months, +/- 2016 2017 Order Entry 50.2 100.4 +100% Sales 48.5 78.5 +62% Gross Profit 49.7% 50.3% +0.6 Pp. EBITDA 9.0 23.0 +156% EBIT 5.7 18.5 +225% EBT 5.3 18.2 +243% Net Income 3.8 13.0 +242% EPS* 1.19 4.03 +239% *All numbers other than E

  13. Slide 13: Development of Free Cashflow

    Financials Development of Free Cashflow (mill. €) FCF CFO CFI 7.3 * 5.7 5.9 4.2 3.9 3.8 3.4 2.4** 2.1 1.7 0.8 Q1 Q2 Q3 Q4 Q1 Q2 -1.2 -2.0 -1.8 -1.7 -2.4 -2.5 ** -4.8 2016 2017 Public | © Basler AG * mycable included since June 2017 ** mycable acquisition cash investment included 13

  14. Slide 14: Cash 1HY2017 versus 1HY2016

    Financials Cash 1HY07 versus 1HY06 6 Months, 6 Months, +/- 2016 2017 Cash, b.o. period 14.0 19.4 +39% Cashflow from Operations 6.4 11.4 +78% Cashflow from Investments -3.8 -7.3 +92% Free Cashflow 2.6 4.1 +58% Cashflow from Financing -2.3 -2.6 +13% Cash, e.o. period 14.3 20.9 +46% *All numbers in € m

  15. Slide 15: Net Cash

    Financials Net Cash (in mill. €) Dec. June +/- 31st, 30th, 2016 2017 Liabilities to banks -10.6 -11.6 +9% Cash & Cash equivalents 19.4 20.9 +8% Operative Net Cash 8.8 9.3 +6% Public | © Basler AG 07.08.2017 15

  16. Slide 16: Agenda

    Agenda  Executive Summary  Financials  Share  Outlook Public | © Basler AG 07.08.2017 16

  17. Slide 17: Basler Share versus TecDax

    Share Basler Share versus TecDax +115% since Dec. 31st 2016 325,00 275,00 225,00 BASLER 175,00 TecDax 125,00 75,00 Public | © Basler AG 07.08.2017 17

  18. Slide 18: Agenda

    Agenda  Executive Summary  Financials  Share  Outlook Public | © Basler AG 07.08.2017 18

  19. Slide 19: Business Outlook

    Outlook Business Outlook Based on the strong first half year, we…  expect bookings to further swing back to normal  expect revenues to remain strong for Q3 due to existing backlog  will reduce delivery times significantly and will be back to normal during Q3  anticipate high profitability short

  20. Slide 20: 2017 Guidance

    Outlook 2017 Guidance We confirm our annual guidance:  Revenues 140 - 150 mill. €  EBT-Margin 15 – 18 %  Strong positive Free Cashflow Public | © Basler AG 07.08.2017 20

  21. Slide 21: Questions & Answers

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

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