Basler Ag · XETR:BSL

Basler — Q3 2017 Earnings Presentation

20 slides from Basler's earnings presentation, Nov 8, 2017

  1. Slide 1: Quarterly Report Q3, 2017

    Quarterly Report Q3, 2017 November 8, 2017 Dietmar Ley | CEO Public | © Basler AG

  2. Slide 2: Agenda

    Agenda 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 08.11.2017 2

  3. Slide 3: Executive Summary

    Executive Summary Highlights First Nine Months 2017  Dynamic market environment  ~30% revenue growth due to combination of general uplift in all regions and verticals combined with significant capex investments in the consumer electronics industry  Industry bookings cooling down to single digit g

  4. Slide 4: Executive Summary

    Executive Summary Highlights First Nine 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 08.11.2017 4

  5. Slide 5: Agenda

    Agenda 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 08.11.2017 5

  6. Slide 6: Development of Bookings and Billings

    Financials Development of Bookings and Billings Revenue mill. € 60 Order Entry mill. € 42* 43* 40 36 29 26 27 26 25 26 22 23 24 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2016 2017 Public | © Basler AG * MyCable included since June 2017 6

  7. Slide 7: Revenue Split by Regions

    Financials Revenue Split by Regions 14% 37% 49% *as of September 30, 2017 Public | © Basler AG 08.11.2017 7

  8. Slide 8: Development of Gross Profit and Gross Profit Margin

    Financials Development of Gross Profit and Gross Profit Margin 54.7% * Gross 54.3%* Profit/Margin IFRS 53.1% 53.2% incl. Depreciation 52.5% 51.8% mill. €/% 51.9% * * Gross Profit/ 50.9% 51.2% Margin HGB 49.8% 49.6% mill. €/% 49.1% 48.1% * 22.9* * 23.3 * 47.4% 21.5 21.8 19.3 18.0 13.0 13.7 12.0 13.1

  9. Slide 9: Development of EBT and EBT-Margin

    Financials Development of EBT and EBT-Margin EBT mill. € EBT % 24.4% * 24.9%* 21.8% 13.9% 11.1% 11.9% 9.8% * * 10.3 10.6 7.9 3.1 3.3 2.8 2.2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2016 2017 Public | © Basler AG * MyCable included since June 2017 9

  10. Slide 10: Profit & Loss KPIs Year-on-Year

    Financials Profit & Loss KPIs Year-on-Year 9 Months, 2016 9 Months, 2017 +/- Order Entry 76.5 126.4 +65% Sales 72.2 121.1 +68% Gross Profit 49.0% 50.6% +1.6 Pp. EBITDA 14.0 36.0 +157% EBIT 9.2 29.3 +218% EBT 8.6 28.8 +235% Net Income 6.8 20.4 +200% EPS* 2.10 6.37 +203% *All numbers other than EPS in

  11. Slide 11: Development of Free Cashflow

    Financials Development of Free Cashflow 17.2 * FCF 13.9 * CFO 7.3 * 5.7 5.9 3.8 4.2 CFI 0.8 3.9 3.4 2.1 1.7 2.4* 1.2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 -2.0 -1.8 -2.4 -1.7 -2.5 -3.3* -4.8* 2016 2017 *All numbers in € mill. Public | © Basler AG * MyCable included since June 2017 11

  12. Slide 12: Cash Year-on-Year

    Financials Cash Year-on-Year 9 Months, 2016 9 Months, 2017 +/- Cash, b.o. period 14.0 19.9 +42% Cashflow from Operations 12.3 28.7 +133% Cashflow from Investments -6.2 -10.6 +71% Free Cashflow 6.1 18.1 >100% Cashflow from Financing -3.8 -3.2 -16% Cash, e.o. period 16.3 34.8 +113% *All numbers in € m

  13. Slide 13: Net Cash

    Financials Net Cash Dec. 31st, Sept. 30th, +/- 2016 2017 Liabilities to banks -10.6 -11.6 +9% Cash & Cash equivalents 19.4 34.7 +79% Operative Net Cash 8.8 23.1 +163% *All numbers in € mill. Public | © Basler AG 08.11.2017 13

  14. Slide 14: Agenda

    Agenda 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 08.11.2017 14

  15. Slide 15: Share

    Share Basler Share versus TecDax +197% since Dec. 31st 2016 310,00 290,00 270,00 250,00 230,00 210,00 190,00 BASLER 170,00 TecDax 150,00 130,00 110,00 90,00 Public | © Basler AG 08.11.2017 15

  16. Slide 16: Agenda

    Agenda 1. Executive Summary 2. Financials 3. Share 4. Outlook Public | © Basler AG 08.11.2017 16

  17. Slide 17: Outlook: Business Outlook

    Outlook Business Outlook Based on the strong first nine months, we…  expect Q4-billings to decline vs. previous quarters  assume Q4-bookings to pick up slightly vs. Q3  will continue to adjust the organization and the production capacity to the now higher revenue level  anticipate single digit E

  18. Slide 18: Outlook: 2017 Guidance

    Outlook 2017 Guidance We confirm our guidance from October 24th  Revenues 145 - 150 mill. €  EBT-Margin 19 – 20 %  Strong positive Free Cashflow (~70% CCR*) *CCR = Cash Conversion Rate = Free Cashflow/EAT Public | © Basler AG 08.11.2017 18

  19. Slide 19: 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

  20. Slide 20: Questions & Answers

    Questions & Answers Verena Fehling Phone +49 4102 463 101 Verena.Fehling@baslerweb.com Public | © Basler AG 08.11.2017 20

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