Bechtle AG Q Neckarsulm 13 May Our fourth decade: BECHTLE 4.0 Our future: INDUSTRY 4.0 Our numbers: CLOSING 4.0

Transcription

1 Bechtle AG Q Neckarsulm 13 May 2015 Our fourth decade: BECHTLE 4.0 Our future: INDUSTRY 4.0 Our numbers: CLOSING 4.0

2 Agenda. 1. Economic Conditions 2. Business Development in Q Shares and Dividends 4. News and Updates 5. Outlook Bechtle AG Q

3 Economic Conditions Q Macroeconomy. Continued positive development in the EU. Slightly reduced momentum in Germany, however, still on a high level. Sector. PC market declines as expected. Unpredictable atmosphere in the IT industry. Forecasts for future development considered volatile. Conclusion. Bechtle shows positive development in the first quarter. Business was sluggish in the first few weeks, but improved noticeably by the end of the quarter. Current situation in hardware market proves challenging Bechtle AG Q

4 Revenue Development. By Region: Q vs. Q % Foreign % Domestic % Q Q [in m] Significant growth in revenues with relatively strong contributions from non-domestic markets Bechtle AG Q

5 Revenue Development. By Segment: Q vs. Q % IT e-commerce % IT SH & MS % Q Q [in m.] E-Commerce drives growth thanks to strong business in foreign markets Bechtle AG Q

6 Group Gross Margin. Development since Q1.12 Q2.12 Q3.12 Q4.12 Q1.13 Q2.13 Q3.13 Q4.13 Q1.14 Q2.14 Q3.14 Q4.14 Q1.15 [in %] Gross margin improved compared to Q Bechtle AG Q

7 EBIT Development and Margin. By Segment: Q vs. Q % Q Q % % IT System House & Managed Services E-Commerce Total [in m.] 3.5% 3.7% 3.6% 4.1% 2.7% 3.6% Considerable growth in consolidated numbers Bechtle AG Q

8 Group EBT Margin. Development since Q1.12 Q2.12 Q3.12 Q4.12 Q1.13 Q2.13 Q3.13 Q4.13 Q1.14 Q2.14 Q3.14 Q4.14 Q1.15 [in %] EBT margin on par with previous year Bechtle AG Q

9 5,584 5,750 5,978 5,970 5,959 6,053 6,150 6,219 6,352 6,393 6,534 6,572 6,671 Group Employee Growth. Development since % 1.5% Q1.12 Q2.12 Q3.12 Q4.12 Q1.13 Q2.13 Q3.13 Q4.13 Q1.14 Q2.14 Q3.14 Q4.14 Q1.15 Moderate, yet consistent increase during the reporting year Bechtle AG Q

10 Key Financial Figures. Q vs. Q Return on Equity Q Q Return on Assets [in %] Liquidity Working Capital [in m.] Stable, healthy balance sheet ratio. Return on equity and assets and liquidity nearly on par with previous year Bechtle AG Q

11 The Bechtle Share. Performance 02/01/ /03/ /05/ Market Figures (08/05/2015) 80 Market capitalisation 1,408m 75 Performance (ytd) Januar 15 Februar 15 März 15 April 15 Mai 15 High volatility. Bechtle TecDAX (indexed) DAXsubsector IT Services (indexed) - Bechtle - DAX - TecDAX - DAXsubsector IT Services +2.1% +19.9% +20.3% +8.3% Bechtle AG Q

12 Dividend Policy. Continuity Dividend payout ratio in % of EAT Dividends in cent AGM proposal Long-standing, consistent payout ratio amounting to roughly one third of EAT Bechtle AG Q

13 The Latest Developments at Bechtle. Alliances, Acquisitions, Customers, and Manufacturers Global IT Alliance grows with the addition of Japan Business Systems, Tokyo (Japan), Datacentrix, Midrand (South Africa), Jardine OneSolution, Hong Kong (China, Macau, Malaysia, Singapore). Acquisition of ERP specialist Modus Consult in Gütersloh (Germany). Over 180 employees, 30m. in revenues, portfolio: Microsoft NAV and Axapta-based ERP software solutions, document management systems, collaboration solutions, and business intelligence. Successful technology exhibitions Bechtle CC Day and Bechtle Mobile Day with a focus on Industry 4.0 and mobile solutions. Numerous Partner of the Year Awards received from e.g. Cisco, Citrix, EMC, HP, Plantronics, Solidworks Bechtle AG Q

14 Economic Conditions. IT Industry in 2015 Germany Hardware -1.6% 14.7bn % 72.2bn. Software +5.7 % 20.2bn. IT Services +3.0% 37.3bn. Source: EITO, February 2015 Momentum tapers: IT market grows by 2.8% to 72.2bn. (PY: +3.9%). At +5.7 %, software is the growth catalyst; IT services go up +3.0%. Hardware expected to decline, however, not as much as previously forecasted (EITO November 2014: -4.6%). Sector developments demand our constant attention Bechtle AG Q

15 Outlook Fiscal Year Revenue. Continue to grow and attain more market share IT System House: continue to focus on driving the solutions and service business. Managed Services: expand long-term service agreements. IT E-Commerce: defend our excellent competitive position in the trade business. Earnings. Continue to grow. Employees. Pursue additional, moderate growth beyond acquisitions. Expansion. Acquisitions continue to be an integral part of our growth strategy. Tap into new markets and gain new customers through international alliances Bechtle AG Q

16 ANY QUESTIONS? Bechtle AG Q