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Bertrandt AG Analyst Conference FY 2015/2016 0
Analyst Conference FY 2015/2016Bertrandt AG
Mönsheim, December 2016, Dietmar Bichler, CEO
Bertrandt AG Analyst Conference FY 2015/2016 1
Structural changes and market dynamics
Bertrandt AG Analyst Conference FY 2015/2016 2
OEM* therefore with high R&D spending
Source: VDA | Center of Automotive Management | *Overall group including subbrands
0
5
10
15
20
25
30
0 20 40 60 80 100 120 250
50
Nu
mb
er
of
bra
nd
new
pro
du
cts
Number of
innovations
VW: 235.9
Daimler: 129.6
Ford: 121.1
BMW: 97.9
1
2
3
4
Size of the
circle
equals
Innovation
strenght
Numbers equals
inovation strenght index
Bertrandt AG Analyst Conference FY 2015/2016 3
01
02
03
04
Challenging conditions in FY 2015/2016
Changing anddynamic marketenvironment
Technological leaps
E-Mobility
Autonomous driving
Digitalization
Internet of things
…
Future-orientedactions
Build-up and expandnew services
Potential incurrent topics
Expandinginfrastructure
Bertrandt AG Analyst Conference FY 2015/2016 4
Build-up And Expand New Services
Bertrandt AG Analyst Conference FY 2015/2016 5
Potential In Current Topics
Bertrandt AG Analyst Conference FY 2015/2016 6
Expanding Infrastructure
Bertrandt AG Analyst Conference FY 2015/2016 7
Continued Growth
Bertrandt AG Analyst Conference FY 2015/2016 8
Successful FY 2015/2016
Increased revenues
Good quality of profitability
despite challenging conditions
Fundamental change in drivetrain strategy
Increasing price competition
Start-up phase at new testing sites
Continued workforce expansion
Persistent high level of capital expenditure
Bertrandt AG Analyst Conference FY 2015/2016 9
Total revenues
*Financial indicators refer to the Group
Total Revenues*(EUR million)
Bertrandt AG Analyst Conference FY 2015/2016 10
Operating profit
Operating profit*(EUR million)
*Financial indicators refer to the Group
EBIT-
Margin*10.6% 10.4% 10.2% 9.8% 9.4%
Bertrandt AG Analyst Conference FY 2015/2016 11
Segments
Digital Engineering*(Revenues EUR million)
Physical Engineering*(Revenues EUR million)
Electric/Elektronics*(Revenues EUR million)
8.6% 8.2% 11.8% 11.0% 10.9%
*Financial indicators refer to the Group
11.3%EBIT-
Margin*
Bertrandt AG Analyst Conference FY 2015/2016 12
Expenses
*Financial indicators refer to the Group
Material expenses*(EUR million)
Personnel Expenses*(EUR million)
Depreciation*(EUR million)
Expenditure
ration* 9.4% 9.9% 70.6% 70.1% 3.0%2.7%
Bertrandt AG Analyst Conference FY 2015/2016 13
Earnings after income tax
Earnings after income tax*(EUR million)
*Financial indicators refer to the Group
Bertrandt AG Analyst Conference FY 2015/2016 14
Equity
Equity*(EUR million)
*Financial indicators refer to the Group
Equity
ratio*56.3% 58.5% 59.4% 46.9%56.9%
Bertrandt AG Analyst Conference FY 2015/2016 15
Cash flow from operating activities
*Financial indicators refer to the Group
Cash flow from operating activities*(EUR million)
Bertrandt AG Analyst Conference FY 2015/2016 16
Capital spending
*Financial indicators refer to the Group
Capital spending*(EUR million)
Bertrandt AG Analyst Conference FY 2015/2016 17
Free cash flow
*Financial indicators refer to the Group
Free cash flow*(EUR million)
Bertrandt AG Analyst Conference FY 2015/2016 18
Employees
*Financial indicators refer to the Group
Employees*
Bertrandt AG Analyst Conference FY 2015/2016 19
Dividend
Dividend(in EUR)
*Dividend proposed by the Management and the Supervisory Board
Bertrandt AG Analyst Conference FY 2015/2016 20
Trends Offer Potential
Bertrandt AG Analyst Conference FY 2015/2016 21
Technology trends with market opportunities (1/2)
Model diversityCO2 reduction
62 new models
without a
predecessor until
2020
Electrification of
the model fleet
CO2 regulation
requires
comprehensive
action on the part
of OEM
Source: Internal analyses | Frost & Sullivan | VDA
E-Mobility
Fast growing
new market
Growing
acceptance at
customers’ site
E-mobility
initiatives
of the OEM
Connectivity
and Car IT
Internet of Things
Tripling the global
market volume
from EUR 40
billion to over
EUR 120 billion
by 2021
Bertrandt AG Analyst Conference FY 2015/2016 22
Technology trends with market opportunities (2/2)
E-Plane
First cooperation
between Airbus
and Siemens
Development of a
hybrid-electric
short-range plane
1,000 km range
with 100
passengers in
2030
Source: Frost & Sullivan | Press release Siemens AG
Internet of thingsAutonomus
driving
New topics over
all branches out
of this trend
Automation
in focus
System suppliers
as the driving
force in the
branch
Fully
autonomous
driving possible
in 2030
Bertrandt AG Analyst Conference FY 2015/2016 23
Sustainable management as a success factor
R&D spending on a stablelevel because of current
topics
Stable financialfundament
Size and marketposition offering
potential
Challengingconditions
Continued improvementof competences
Persistent outsourcingtrend
Bertrandt AG Analyst Conference FY 2015/2016 24
Capex as a basis for a successful development
Bertrandt will continue to focus its investment
activities in building up and expanding its
infrastructure with the aim of continually optimising
its range of services bearing in mind that the
technological developments of tomorrow will require
state-of-the-art technology. The Company does,
however, anticipate a lower volume of investments
in fiscal 2016/2017 than in the previous year.
For the next year overall, Bertrandt therefore
anticipates positive cash flow from operating
activities, which will however fall by a corresponding
amount compared to fiscal 2015/2016 given that no
significant positive or negative special effects of the
kind that occurred in fiscal 2014/2015 and
2015/2016 are expected.
Bertrandt AG Analyst Conference FY 2015/2016 25
Market continues to offer business opportunities in FY 2016/2017
As stated in the annual report, Bertrandt is well
positioned in the management‘s view to achieve
dynamic revenue growth*. Bearing in mind the
challenges discussed there management anticipates
a modest increase in operating profit* compared to
the previous year.
Assuming that underlying economic conditions do
not deteriorate, that OEMs make sustained
investments in research and development for new
technologies and models, engineering work
continues to be contracted out and qualified human
resources are available, Bertrandt expects the
Company to develop positively in fiscal 2016/2017.
*See annex
Bertrandt AG Analyst Conference FY 2015/2016 26
Thank you.We look forward to your questions!
Bertrandt AG Analyst Conference FY 2015/2016 27
Annex
*See Bertrandt AG | Full Year Report 2015/2016 | p. 87
Bertrandt AG Analyst Conference FY 2015/2016 28
Legal notice
This presentation contains inter alia certain foresighted statements about
future developments, which are based on current estimates of management.
Such statements are subjected to certain risks and uncertainties. If one of
these factors of uncertainty or other imponderables should occur or the
underlying accepted statements proved to be incorrect, the actual results
could deviate substantially from or implicitly from the expressed results
specified in these statements We have neither the intention nor do we
accept the obligation of updating foresighted statements constantly since
these proceed exclusively from the circumstances on the day of their
publication.
As far as this presentation refers to statements of third parties, in particular
analyst estimations, the organization neither adopts these, nor are these
rated or commented thereby in other ways, nor is the claim laid to
completeness in this respect.