Basler Ag · XETR:BSL

Basler — Q1 2019 Earnings Presentation

22 slides from Basler's earnings presentation, May 9, 2019

  1. Slide 1: Quarterly Report Q1, 2019

    Quarterly Report Q1, 2019 May 9, 2019 Dietmar Ley (CEO), Hardy Mehl (CFO) 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 3 Months 2019

    Executive Summary Highlights First 3 Months, 2019 Market Environment  Market bookings -13% and billings -13% (source: VDMA, YTD-March 2019)  Manufacturing PMIs below 50 in Europe, ASEAN, China and Japan - Germany below 45!  Significant weaker demand in electronics and semicon capex markets  Medi

  4. Slide 4: Executive Summary: Main New Product Introductions

    Executive Summary Highlights First 3 Months 2019 Main New Product Introductions  New Basler ace cameras with CMOS sensors  Start series production of new Basler ace MED product line  Introduction of new embedded vision kits based on Qualcomm and NXP processors  Announcement of Basler boost bundl

  5. Slide 5: Journey Towards Computer Vision Toolbox

    Executive Summary Journey Towards Computer Vision Toolbox Computer Vision Product Portfolio Toolbox Markets/Applications Public | © Basler AG 5

  6. Slide 6: Agenda

    Agenda 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 6

  7. Slide 7: Development of Bookings and Billings

    Financials Development of Bookings and Billings 60 Revenue mill. € Order Entry mill. € 45 46 42 43 42 40 38 40 39 36 34 33 35 34 29 27 26 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019 Public | © Basler AG 7

  8. Slide 8: Revenue Split by Regions

    Financials Revenue Split by Regions 19% 35% 46% Public | © Basler AG 8

  9. Slide 9: Development of Gross Profit and Gross Margin

    Financials Development of Gross Profit and Gross Margin 54.3% 54.7% 52.2% 51.8% 50.1% Gross Profit/Margin (excl. R&D Depreciation) 50.6% 50.8% 47.3% Gross Profit/Margin 46.0% 46.1% (incl. R&D Depreciation) 22.7 24.4 19.5 21.0 18.1 19.7 17.6 15.6 17.1 15.5 Q1 Q2 Q3 Q4 Q1 2018 2019 Public | © Basler A

  10. Slide 10: EBT Development by Quarter

    Financials EBT Development by Quarter EBT mill. € 24.1% 22.1% EBT % 12.1% 7.9% 3.9% 10.8 8.5 4.0 3.1 1.3 Q1 Q2 Q3 Q4 Q1 2018 2019 Public | © Basler AG 10

  11. Slide 11: Profit & Loss KPIs Year-on-Year

    Financials Profit & Loss KPIs Year-on-Year (in € mill.) 3 Months 2018 3 Months 2019 +/- Order Entry 46.1 42.0 -9 % Sales 44.9 39.3 -13 % Gross Profit 50.6 % 46.1 % -4.5 Pp. EBITDA 14.0 6.0 -57 % EBIT 10.8 3.2 -70 % EBT 10.8 3.1 -71 % Net Income 8.1 1.5 -82 % EPS* 2.52 0.45 -82 % * EPS in € Public |

  12. Slide 12: Free Cashflow Development by Quarter

    Financials Free Cashflow Development by Quarter Operational CF mill. € 13.2 10.7 Investing CF mill. € Free CF mill. € 4.1 10.0 1.0 -1.1 5.1 -0.9 Q1 Q2 Q3 Q4 Q1 -4.2 -3.2 -6.2 -3.1 -5.3 -9.7 -20.4 2018 2019 Public | © Basler AG 12

  13. Slide 13: Cash Year-on-Year

    Financials Cash Year-on-Year (in € mill.) 3 Months 3 Months 2018 2019 Cash, b.o. period 36.0 31.8 Cashflow from Operations -1.1 -0.9 Cashflow from Investments -3.1 -5.3 Free Cashflow -4.2 -6.2 Cashflow from Financing -0.8 21.8* Cash, e.o. period 31.0 47.4 *Incl. sold treasury shares for 20.8 mill. €

  14. Slide 14: Net Cash

    Financials Net Cash (in € mill.) Dec. 31st, March 31st, 2018 2019 Liabilities to banks -19.1 -21.0 Cash & Cash equivalents 31.8 47.5 Operative Net Cash 12.7 26.5 Public | © Basler AG 14

  15. Slide 15: Distribution by Function

    Financials Distribution by Function PRODUCTION 26% 790* SALES & MARKETING 35% R&D 24% ADMINISTRATION 15% *790 fulltime equivalent jobs e/o March 2019 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 Xetra 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 the positive book-to-bill development over the last weeks, we expect…  bookings and billings to slightly increase for Q2/Q3  markets to stay relatively weak, uncertain and volatile We confirm our guidance from March 21st, 2019  Revenue 160 - 180 m

  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

Basler — Q1 2019 Earnings Presentation on 6ix