2nd quarter 2014 - bechtle4dbf8805-eb79-43ef-9d73... · 2018-10-26 · dach region as a whole, the...

Your strong IT partner.

Today and tomorrow

Bechtle AG

Neckarsulm, 08 August 2014

2ND QUARTER 2014

2 | Bechtle AG | 08 August 2014

General economic conditions

Business development in Q2 2014

The Bechtle share

Dividends

Forecast for 2014

AGENDA.


GENERAL CONDITIONS.

Q2 2014

Macroeconomy.

The EU continues its upwards economic trend. Growth in Bechtle countries ranged from 0.1% in

Portugal and 1.1% in Poland.

Economic growth in Germany slowed slightly with a 0.3 % increase in GDP.

Sector.

The IT sector showed consistent improvement throughout the second quarter.

The PC market in Europe continued its strong growth.

Sentiment in the IT sector remains optimistic.

Conclusion.

Bechtle’s performance in this economic context has been excellent. The company has achieved

above-average profitable growth in all regions and both business segments.


514587

REVENUE DEVELOPMENT.

I

519604

[€ m.]

Q1

+15.3%

Q2

Growth rate has picked up in Q2.

1.0321.190

H1

2013 2014

+14.2% +16.4%

Consolidated 2014 vs. 2013


[€ m.]

352403

167 200

519604

Total

Q2 2013 Q2 2014

+14.6% +20.2%

Abroad

Two-digit growth abroad and domestically.

REVENUE GROWTH.

By Region: Q2 2014 vs. Q2 2013

+16.4%

Domestic


[€ m.]

343389

175215

519604

Total

Q2 2013 Q2 2014

+13.3% +22.6%

IT E-commerce

IT e-commerce drives growth.

REVENUE GROWTH.

By Segment: Q2 2014 vs. Q2 2013

+16.4%

IT System House &

Managed Services


14.4 14.9 14.815.8 15.3 15.1 15.0 15.3

14.7 14.8 15.2 15.1 14.9 14.9

Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1.13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14

GROUP GROSS MARGIN.

Development since Q1 2011

[in %]

Gross margin remains consistently high.


7.310.4

IT E-Commerce

[€ m.]

3.3%

2.2%

Ma

rgin

4.8%

4.2%

Ma

rgin

Outstanding margin development in both segments.

7.7

13.0

IT System House &Managed Services

Q2 2013 Q2 2014

+69.3% +41.9%

+55.9%

15.0

23.3

Total

3.9%

2.9%

Ma

rgin

EARNINGS GROWTH (EBIT).

By Segment: Q2 2014 vs. Q2 2013


4,875

5,1395,357

5,4795,584

5,750

5,978 5,970 5,9596,053

6,150 6,2196,352 6,393

Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14

GROUP EMPLOYEE GROWTH.

Growth since Q1 2011

Continued increase in number of hired employees.


+1.7%

[€ m.]

113.5

156.1

Liquidity*

[* including time deposits and securities]

-27.3%

Q2 2014 Q2 2013

Return on

equity % 13.1 9.3

Return on total

assets % 7.4 5.5

SELECTED KEY FINANCIAL FIGURES.

30/06/2014 vs. 31/12/2013

510.2

501.6

Equity

31.12.2013 30.06.2014

High equity ratio of 57.6%. Return on assets significantly better than previous year.


THE BECHTLE SHARE.

Performance

45 €

50 €

55 €

60 €

65 €

Jan. 14 Feb. 14 Mrz. 14 Apr. 14 Mai. 14 Jun. 14 Jul. 14

02/01/14

€49.33

31/07/14

€58.15

Bechtle

TecDAX (indexed)

DAXsubsector IT Services (indexed)

Share Price Stays High.

Market Figures (31/07/2014)

Market capitalisation1,221 million

euros

Performance (ytd)

- Bechtle

- DAX

- TecDAX

- DAXsubsector

IT Services

17.9%

0.1%

4.4%

5.2%


5.29.0 12.0

18.625.3

29.3 29.6

41.045.4

34.3

46.4

62.756.4

63.4

Earnings after taxes

in € m.

Dividends

in € cents

DIVIDEND POLICY.

Continuity

Total shareholder return in 2014: 20%, dividend payout ratio: 36.4%.

25 25 2530

40

50 50

60 60 60

75

85

100

110

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

15


THE LATEST DEVELOPMENTS AT BECHTLE.

News and Updates for Q2 2014.

New Subsidiary in Belgium.

Bechtle opened a new ARP e-commerce subsidiary in Belgium.

Outstanding Sales Performance.

Deutsche Bahn: general contract for mobile devices and services.

State of Baden-Württemberg: general contract for the complete portfolio of Apple products, consulting

and IT services.

International Alliance with ATEA.

Bechtle gains access to markets in Scandinavia and Baltic states with cooperation agreement with

ATEA.

Second international alliance after agreement with PC Connection in US.

New deal enables comprehensive customer service across international borders.

Focus on commerce.

Further alliances planned.


THE LATEST DEVELOPMENTS AT BECHTLE.

News and Updates for 2014.

General Meeting and New Appointments.

General assembly elects Dr Matthias Metz to supervisory board.

In turn, the supervisory board appoints Dr Matthias Metz as chairman, who replaces the interim

chairman and co-founder Gerhard Schick.

Board members Michael Guschlbauer and Jürgen Schäfer sign a 5-year contract extension ahead of

schedule.


+2.5%

€70.6 bn+3.0%

€351.7 bn

DACH Region

As a whole, the IT market is projected to grow 2.6 % to €92.7 bn (PY: +1.6 %).

Hardware is again expected to decrease, this time by -2.8%.

IT services are expected to grow +3.1%.

At +5.4%, software is seen as a growth catalyst.

Hardware

-2.8%

€13.8 bn

Software

+5.3%

€19.1 bn

IT services

+3.2%

€37.7 bn

Hardware

-1.8%

€65.8 bn

Software

+4.2%

€78.0 bn

IT services

+2.5%

€205.0 bn

Source: EITO (June 2014)

GENERAL ECONOMIC CONDITIONS.

IT Sector 2014.

Hardware is expected to decrease, while software and services drive growth.


FORECAST.

2014 Fiscal Year

Revenue.

Continued growth at an above-market-average rate in 2014.

Significant gains over the previous year.

Further expansion of the solutions and service business.

Earnings.

Increased earnings and improved margin.

Employees.

Moderate growth (excluding new employees through acquisitions).

Expansion.

We remain open to further acquisitions as part of our growth strategy.

Economic Situation.

Market sentiment is gloomy – the Ifo Business Climate Index has shown a three-month downward trend.

Despite that, the economic outlook is positive.

Your strong IT partner.

Today and tomorrow

Contact:

Corporate Communications

Sabine Brand Tel.: +49 7132 981-4115, [email protected]

Investor Relations

Martin Link Tel.: +49 7132 981-4149, [email protected]

mailto:[email protected]



2nd quarter 2014 - bechtle4dbf8805-eb79-43ef-9d73... · 2018-10-26 · dach region as a whole, the...

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