bechtle ag – company presentation53d88781-9798-4e78... · contents. 14.05.2019 bechtle ag |...
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Bechtle AG – Company PresentationWelcome!Frankfurt | 14 May 2019
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Contents.
14.05.2019 Bechtle AG | Company Presentation 2
1. Introduction of Bechtle AG.
Business Model
Shareholders
2. Q1.2019.
Business
Highlights
Outlook
|14.05.2019 Bechtle AG | Company Presentation 3
Introduction ofBechtle AG.
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Sustainable Growth.
14.05.2019 Bechtle AG | Company Presentation 4
0.03 4.4 19 183
792
1,431
2,2732,580
2,8313,094
3,570
4,323
1983 1988 1993 1998 2003 2008 2013 2014 2015 2016 2017 2018
1 38 100 8002,515
4,4056,219 6,572 7,205 7,667 8,353
10,005
2762
89107
129 145163
193
Revenue in €m
Employees
EBT in €m
Vision 2030
at least 5%EBT margin
€10bnrevenues
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Organisation.
14.05.2019 Bechtle AG | Company Presentation 5
BECHTLE AGChairman of the Executive Board: Dr Thomas Olemotz
IT Systems Integration & Managed ServicesCOO: Michael Guschlbauer
IT E-CommerceCOO: Jürgen Schäfer
IT Systems Integrators
Bechtle Managed Services Specialists
Logistics & Services
Germany, Austria, Switzerland
Central Divisions
In 14 countries In 6 countries
Inmac WStoreARPBechtle direct
In France
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Bechtle IT Systems Integrators –In Germany, Austria and Switzerland.
14.05.2019 Bechtle AG | Company Presentation 6
Widespread, regional coverage customer proximityConsulting, procurement and services, cloud computing
Some 70 locations in Germany, Austria and Switzerland
Customised online shops (bios®)Employees in 2018: 7,772
Sales: approx. 3,000Services: approx. 4,500
Revenue in 2018: €2.9bn
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Bechtle IT E-commerce –The European powerhouse.
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Brands: Bechtle direct, ARP, Inmac WStore (FR), BuyIT (NL), Bechtle Comsoft (FR)Private label: Articona
In 14 European countries
Cross-channel strategy:Digital reach with personal account managementCustomised online shops (bios®)
Employees in 2018: 2,233
Revenue in 2018: €1.41bn
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Nr. 1 Ranked System House in Germany.
14.05.2019 Bechtle AG | Company Presentation
Revenue in Germany (in €m)
RANK COMPANY 2017 2016
1 Bechtle 2,513 2,172
2 Computacenter 1,965 1,700
3 T-Systems International 1,400 1,150
4 Cancom 1,048 914
5 Comparex 854 713
6 NTT Data 702 650
7 Atos IT Solutions and Services 640 620
8 msg systems 621 567
9 SVA System Vertrieb Alexander 550 403
10 Axians IT Solutions 518 520
Source: Channelpartner 09/2018
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Shareholder Structure –Stability and independence.
14.05.2019 Bechtle AG | Company Presentation 9
Schick family 35.02%
Baillie Gifford 5.30%
AGI 4.99%
DWS 4.97%Flossbach von Storch 4.95%
Capital World Investors 3.02%
Other Freefloat 41.75%
Current of: 31 March 2019, 42 million shares
|14.05.2019 Bechtle AG | Company Presentation 10
Business Q1.2019.
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Revenue –Very strong start to the year.
658
297
955
782
458
1,240
IT SH & MS IT E-commerce Group
Q1.2018
Q1.2019
in €m
Bechtle AG | Company Presentation 11
+18.8% +54.0% +29.8%
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Revenue –Much stronger growth abroad.
654
302
955
749
491
1,240
Germany Abroad Group
Q1.2018
Q1.2019
in €m
Bechtle AG | Company Presentation 12
+14.6% +62.7% +29.8%
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Gross margin –Under growth-related pressure.
Q1.18Q1.17Q1.16 Q1.19
15.1 15.014.6
14.2
in %
Bechtle AG | Company Presentation 1314.05.2019
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EBIT –Margin without ppa effects at 3.9%.
24.1
11.6
35.7
26.419.9
46.3
IT SH & MS IT E-commerce Group
Q1.2018Q1.2019
in €m
Margin
Bechtle AG | Company Presentation 14
3.7% 3.7% 3.4% 3.7% 3.9% 4.3%
+9.5% +70.9% +29.6%
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Employees –Headcount up due to organic growth and acquisitions.
Q3.18Q2.18Q1.18 Q4.18 Q1.19
8,6278,790
9,65110,005
10,334
+1,707 employees= 19.8%
Bechtle AG | Company Presentation 15
+329 employees= 3.3%
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Key financial figures –Rock solid financial basis.
Bechtle AG | Company Presentation 16
15.6
43.0
13.8
57.6
Return on equity*
Equity ratioQ1.2018
Q1.2019
[in %]
191.6
623.6
250.9
580.8
Liquidity**
Working capital31.12.2018
31.03.2019
[in €m.] [** including time deposits and securities]
[* annualised based on Q1,linearised projection]
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The Bechtle share –New all-time high.
60 €
70 €
80 €
90 €
100 €
J 19 F 19 M 19 A 19 M 19
Performance ytd
Bechtle +47.8%
MDAX* +18.1%
TecDAX* +14.9%
DAX* +14.2%*indexed
31.12.2018€67.85
10.05.2019€100.30
Bechtle AG | Company Presentation 1714.05.2019
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Dividend –Up by 11.1%, the 9th increase in a row.
30
5055
6070
75
90
2009 20112010 2012 2013 20162014 2015
100*
2017 2018
37.550
Dividendin € cent
14.05.2019 Bechtle AG | Company Presentation 18
* AGM proposal
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1Bechtle AG | Company Presentation14.05.2019
Growth IConstruction starts on a new 8,700 m² office building.Room for an additional 600 desks at Bechtle Platz 1.To be ready in October 2020.35,300 m² total office space at the group headquarters.
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2Bechtle AG | Company Presentation14.05.2019
Growth IIBoost to Managed Services.320 employees join Bechtle Onsite Services from IBM.Bechtle delivers services on behalf of IBM.Onsite Services is largest Bechtle Group subsidiary with more than 900 employees.
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3Bechtle AG | Company Presentation14.05.2019
Growth IIIRecord attendance at Bechtle Competence Days.3,500 visitors explore the Bechtle portfolio.Focus on IT security, modern workplace, cloud.Keen interest in digitalisation (Industry 4.0, etc.).
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Outlook 2019 –Start to the year confirms our expectations.
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Economic conditions.
Economic atmosphere in Germany and Europe weakens.
Waning growth dynamic in the IT market – 2019 will be a challenging year.
Forecast.
Very significant growth in terms of revenue and earnings, including acquisitions.
EBT margin (ppa-adjusted) at least on par with 2018.
|14.05.2019 Bechtle AG | Company Presentation 23
For more information:bechtle.com
Any questions?