bechtle ag analyst conference 201799f520ee-22a7-4c3e-9e8a... · 2018-10-26 · key financial...
Post on 28-May-2020
6 Views
Preview:
TRANSCRIPT
Bechtle AGAnalyst Conference 2017Welcome.Frankfurt | 16 March 2017
|
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
|
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
16.03.2017 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz 3
Year
2,8313,094
+9.3%20162015
Growth is stable in 2nd half of the year despite a strong base effect.
[in €m]
|
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.
|
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)
16.03.2017 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz
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]
|
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.
16.03.2017 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz 6
[in %]
|
Group Development –Earnings (EBIT) 2016 vs 2015
16.03.2017 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz 7
+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]
|
Group Development –Earnings (EBIT) by Reporting Segments 2016 vs. 2015
16.03.2017 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz 8
+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.
|
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.
16.03.2017 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz 9
[in %]
|
Group Employee Development –by Quarter
16.03.2017 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz 10
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
|
Key Financial Figures –2016 vs. 2015
16.03.2017 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz 11
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 %]
|
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%
16.03.17 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz
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
|
60 60 6075
100 100 110 120140 150
2008 20162015201420132010 201120092007 2012
Dividend Policy –Continuity
16.03.17 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz 13
Dividendsin € cent
Reliable payout of dividends – seventh dividend increase in succession.
1
1 AGM proposal2 incl. special dividends
2
|
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
16.03.17 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz 14
The combination of a dividend increase, stock split and share buy-back has many benefits for shareholders.
|
Bechtle Company News –2016/2017
16.03.17 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz 15
Digitalisation.Pick-by-Vision (smart glasses).
Augmented reality in Bechtle’s logistics hub.
Collaboration with SAP.
|
Bechtle Company News –2016/2017
16.03.17 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz 16
Virtual customer proximity.New digital architecture: fusion of our shop and corporate website.
Customised content.
Aiming to be Europe’s leading digital solutions provider.
|
Bechtle Company News –2016/2017
16.03.17 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz 17
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.
|
Bechtle Company News –2016/2017
16.03.17 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz 18
Datacentre relocation.Bechtle moves Neckarsulm and Friedrichshafen data centres to e-shelter in Frankfurt.
New technical foundation for a growing cloud portfolio.
|
Bechtle Company News –2016/2017
16.03.17 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz 19
Acquisition of Steffen Informatik in Switzerland.
Full incorporation to follow.
Now Bechtle Steffen Schweiz AG.
250 employees, 8 branches.
|
Bechtle Company News –2016/2017
16.03.17 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz 20
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.
|
Bechtle Company News –2016/2017
16.03.17 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz 21
Bechtle Clouds.Founding of Bechtle Clouds GmbH, Neckarsulm.
Positioning: multi-cloud-service provider.
Kick-off: Microsoft Cloud Solution Provider (CSP) agreement.
|
Bechtle Company News –2016/2017
16.03.17 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz 22
Bechtle Competence Day.Extending a warm welcome.
More than 2,500 attendees expected.
Exhibitions, presentations, live demos and expert lectures.
|
+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
16.03.17 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz 23
|
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
16.03.17 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz 24
Strong start to the year substantiates our expectations.
|
New Publication.
16.03.17 Bechtle Analyst Conference 2017 | Dr Thomas Olemotz 25
Sustainability Report 2016.Now available.
Read more at: bechtle.com/sustainability
Any questions?
top related