bechtle ag analyst conference 201799f520ee-22a7-4c3e-9e8a... · 2018-10-26 · key financial...

Bechtle AGAnalyst Conference 2017Welcome.Frankfurt | 16 March 2017

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Agenda.

16.03.2017 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz 2

1. Business development in 2016

2. Shares and dividends

3. Company news 2016/2017

4. Forecast for 2017

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622 686 686837

705 723 730935

Q1 Q3 H2H1

+5.4% 1,6651,523

Q4

1,4281,309

Q2

+9.2%

+6.4%+13.2%

+9.4%

+11.8%

Group Development –Revenues 2016 vs 2015


Year

2,8313,094

+9.3%20162015

Growth is stable in 2nd half of the year despite a strong base effect.

[in €m]

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Group Development –Revenue by Reporting Segments 2016 vs 2015 (I)

16.03.2017 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz

942

+9.3%

3,094

+6.6%

2,090

2015

2,831

1,889+10.6%

2016

1,004

IT E-commerce

IT SH & MS

[in €m]

4

IT System House & Managed Services show very strong growth – IT E-Commerce makes it past one billion.

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1.9582.172

874

922

2.831

2015

+9,3%

+10,9%

2016

+5,5%

3.094

Group Development –Revenue by Reporting Segments 2016 vs 2015 (II)


874

922

2,831

1,958

3,094

+9.3%

+

2015

2,172

2016

Abroad

Domestic

5

30.9%

69.1%

29.8%

70.2%

Relatively stronger growth in Germany.

[in €m]

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Group Development –Gross Margin since 2010

15.2

20132012

14.9 14.9

2011 2016

15.3

20152014

15.015.2

2010

13.7

Gross margin remains consistently high.


[in %]

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Group Development –Earnings (EBIT) 2016 vs 2015


+20.4%

H1

+5.9%

H2

49.7

+21.0%

35.249.2

Q4Q3

80.359.2

32.3

+5.5%

+5.7%

27.047.1

Q1

22.5

84.9

33.2

Q2

+19.8%

26.7

+11.3

Year

144.1129.5

20162015

3.6%

3.8%

3.9%

4.5%

3.8%

4.1% 4.8%

4.8%

5.3%

5.6%

4.7%

4.6%

5.1%

5.3%

Earnings in 2nd half of the year also exceed the previous year. Base effect particularly notable in Q4.

[in €m]

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Group Development –Earnings (EBIT) by Reporting Segments 2016 vs. 2015


+2.9%50.6

93.5

144.1

+11.3%

20162015

129.5

+16.4%80.3

49.2IT-E-Commerce

IT-SH & MS

[in €m]

Steep rise in SH & MS business profitably.

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Group Development –EBT Margin since 2010

4.7

2016

3.8

2015

4.2

20142013

3.9

2012

4.6

3.6

2011

4.3

2010

EBT margin continued to grow in 2016.


[in %]

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Group Employee Development –by Quarter


Employee development reflects overall growth.

Q1.16

7,26

9

Q4.15 Q4.16

7,66

7

Q2.16

6,21

9

7,20

5

Q3.157,

154

Q2.15

7,64

5

Q3.16

+6.4%

Q1.14Q4.13Q1.13

6,93

8

6,39

3

6,57

2

Q3.13 Q1.15Q2.13

5,95

9

Q2.14

6,05

3

7,32

8

Q3.14

6,67

1

Q4.14

6,53

4

6,35

2

6,15

0

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Key Financial Figures –2016 vs. 2015


Continued strong return on equity– strong growth in Q4 leads to significant reporting-date effects.

Cash and cash equivalents*

Working capital294.9

162.8

375.6

206.7

[in €m] [* incl. time deposits and securities]

9.6Return on total assets

Return on equity17.2

17.1

9.5

20152016

[in %]

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Market Figures (30.12.16)

Market capitalisation €2,075m

Performance (yoy):

- Bechtle

- DAX

- TecDAX

- DAXsubsector

IT Services

+12.2%

+6.9%

-1.0%

-6.6%


Bechtle tops €100 for the first time – performance over 2016 calendar year at +12%.

65 €

70 €

75 €

80 €

85 €

90 €

95 €

100 €

105 €

Jan. 16 Apr. 16 Jul. 16 Okt. 16 Jan. 17

30.12.15€88.06

BechtleTecDAX (indexed)DAXsubsector IT Services (indexed)

10.03.17€99.45

12

30.12.16€98.82

Bechtle Share –Performance

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60 60 6075

100 100 110 120140 150

2008 20162015201420132010 201120092007 2012

Dividend Policy –Continuity


Dividendsin € cent

Reliable payout of dividends – seventh dividend increase in succession.

1

1 AGM proposal2 incl. special dividends

2

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Seventh dividend increase in succession highlights the continuity of the dividend policy.

Scrip issue (“stock split”)

Increases share liquidity

Lowers the perceived share value and makes it more attractive to certain investor groups

Opens up new share price potential

Share buy-back

Boosts share performance

Creates trading options for shareholders

Dividend Increase, Scrip Issue, Share Buy-back –Ad-hoc Announcement 14 March 2017


The combination of a dividend increase, stock split and share buy-back has many benefits for shareholders.

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Bechtle Company News –2016/2017


Digitalisation.Pick-by-Vision (smart glasses).

Augmented reality in Bechtle’s logistics hub.

Collaboration with SAP.

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Virtual customer proximity.New digital architecture: fusion of our shop and corporate website.

Customised content.

Aiming to be Europe’s leading digital solutions provider.

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Construction.Warehouse expanded by 25,000 m².

One of the largest geothermal farms in Baden-Württemberg

Ground-breaking for 1,600 space multistorey car park.

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Datacentre relocation.Bechtle moves Neckarsulm and Friedrichshafen data centres to e-shelter in Frankfurt.

New technical foundation for a growing cloud portfolio.

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Acquisition of Steffen Informatik in Switzerland.

Full incorporation to follow.

Now Bechtle Steffen Schweiz AG.

250 employees, 8 branches.

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New service offering.Bechtle Financial Services AG, Berlin.

German Federal Financial Supervisory Authority (BaFin) authorised financing and consulting firm.

Leasing, rental, hire-purchase, instalment plans, etc.

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Bechtle Clouds.Founding of Bechtle Clouds GmbH, Neckarsulm.

Positioning: multi-cloud-service provider.

Kick-off: Microsoft Cloud Solution Provider (CSP) agreement.

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Bechtle Competence Day.Extending a warm welcome.

More than 2,500 attendees expected.

Exhibitions, presentations, live demos and expert lectures.

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+2.7%€77.1bn

+1.9%€395.6bn

Decline in momentum compared to previous year, especially in the EU.

G: +2.7% (yoy: +3.4%), EU: +1.9% (yoy: +3.0%).

Drop in hardware business in all markets.

Services and software in particular continue to drive growth.

Numerous changes on the part of manufacturers (HP, Dell/EMC etc.) increase uncertainty.

Hardware -2.5%€15.0bn

Software +5.9%

€22.9bn

IT Services +2.9%

€39.3bn

Hardware -3.8%€70.0bn

Software +4.1%

€94.5bn

IT Services +2.8%

€231.1bn

Source: EITO October 2016

2017 to be a positive but challenging year in IT.

Outlook –The IT Industry in 2017


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Economic conditions.

Hardware markets under pressure.

Uncertainty on the manufacturer side.

Internal strategic projects to safeguard the future.

Objectives.

IT System House: Ongoing expansion of the solutions and service business.

IT E-commerce: Retain excellent competitive position.

Revenue and earnings.

Strong growth compared to previous year.

Outlook –Financial Year 2017


Strong start to the year substantiates our expectations.

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New Publication.


Sustainability Report 2016.Now available.

Read more at: bechtle.com/sustainability

Any questions?

bechtle ag analyst conference 201799f520ee-22a7-4c3e-9e8a... · 2018-10-26 · key financial...

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