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Bechtle AG 2nd Quarter 2016. Neckarsulm | 11 August 2016

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Page 1: Bechtle AG 2nd Quarter 2016.52f51e55-1ccb-4386-86bb... · 2018-10-26 · Key Financial Figures. 11/08/2016 Bechtle AG | 2nd Quarter 2016 9 Return on equity and assets, equity ratio

Bechtle AG2nd Quarter 2016.Neckarsulm | 11 August 2016

Page 2: Bechtle AG 2nd Quarter 2016.52f51e55-1ccb-4386-86bb... · 2018-10-26 · Key Financial Figures. 11/08/2016 Bechtle AG | 2nd Quarter 2016 9 Return on equity and assets, equity ratio

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Content.

11/08/2016 Bechtle AG | 2nd Quarter 2016 2

1. Business Development

Revenues

Earnings

Employees

Key Figures

2. Shares and Dividends

3. News and Updates

4. Forecast for 2016

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Revenue Development.

622 686705 723

Q1

+5.4%

+9.2%

H1

1,4281,309

Q2

13.2%

[in €m]

Strong revenue growth in the first half-year despite challenging parameters in Q2 compared to 2015. 11/08/2016 Bechtle AG | 2nd Quarter 2016 3

20152016

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Revenue by Business Segment.

482452

242235

686

+5.4%

Q2.2015 Q2.2016

723

IT E-commerce

IT SH & MS

[in €m]

IT System House & Managed Services remains a growth catalyst.

11/08/2016 Bechtle AG | 2nd Quarter 2016 4

+3.1%

+6.7% 952854

476454

H1.2015 H1.2016

+9.2%

1.3091.428

+4.8%

+11.5%

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Group Gross Margin.

Q1.16

14.8

Q4.15

15.6

Q3.15

15.2

Q4.13

15.1

Q3.13

15.2

14.8

Q2.13 Q2.15

14.7

Q1.15

15.1

Q4.14

14.4

Q1.13

14.7

Q2.16

15.5

Q3.14

15.4

Q2.14

14.9

Q1.14

14.9

Gross margin remains high—particularly strong in Q2.

11/08/2016 Bechtle AG | 2nd Quarter 2016 5

[in %]

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EBIT by Business Segment and Consolidated.

Significant increase in earnings in the IT System House & Managed Services segment in Q2.

4.2%3.1%

4.9%5.5%

4.5%3.9%

[in €m]

11/08/2016 Bechtle AG | 2nd Quarter 2016 6

-8.2%

+48.3%

IT E-commerce

11.812.9

IT System House &Managed Services

20.413.8

+21,0%

Group

32,326,7

Q2.2016Q2.2015

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EBIT by Business Segment and Consolidated.

Considerable increase in earnings within the group in the first half-year.

4.1%3.5%

4.3%4.2% 3.8%

4.1%

[in €m]

11/08/2016 Bechtle AG | 2nd Quarter 2016 7

+8.6%

+27.8%

IT E-commerce

20.518.9

38.730.3

+20.4%

Group

59.249.2

H1.2016H1.2015

IT System House &Managed Services

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Employees.

Moderate increase in number of employees.

6,15

0

6,05

3

Q2.13

5,95

9

Q1.13 Q3.13 Q4.13

6,21

9

Q1.14

6,35

2

6,53

4

Q3.14

6,39

3

Q2.14 Q2.15

7,15

4

6,93

8Q1.15

6,67

1

6,57

2

Q4.14

7,32

8

Q4.15

7,26

9

Q1.16

+5.6%

7,20

5

Q3.15 Q2.16

11/08/2016 Bechtle AG | 2nd Quarter 2016 8

+1.7%

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Key Financial Figures.

11/08/2016 Bechtle AG | 2nd Quarter 2016 9

Return on equity and assets, equity ratio and liquidity improved over previous year.

Cash and cash equivalents**161.9

136.3

[in €m] [** including time deposits and securities]

Return on total assets*7.8

7.2

Return on equity*14.1

13.1

Equity ratio57.5

55.7

30.6.1630.6.15

[in %]

[* annualised based on Q2,linearised projection]

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Market Figures (5.8.16)

Market capitalisation €2,151m

Performance (ytd)

- Bechtle

- DAX

- TecDAX

- DAXsubsector

IT Services

+14.5%

+0.8%

-4.8%

-7.0%

The Bechtle Share.

11/08/2016 Bechtle AG | 2nd Quarter 2016

Bechtle share tops €100 for the first time.

65 €

70 €

75 €

80 €

85 €

90 €

95 €

100 €

105 €

Jan. 16 Feb. 16 Mrz. 16 Apr. 16 Mai. 16 Jun. 16 Jul. 16 Aug. 16

4.1.16€89.46

BechtleTecDAX (indexed)DAXsubsector IT Services (indexed)

5.8.16€102.4530.6.16

€94.42

10

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27.431.1

35.931.733.1

36.437.333.533.9

36.8

50 60 60 6075 85

100 110 120140

2015201420132012201120102009200820072006

Dividends.

11/08/2016 Bechtle AG | 2nd Quarter 2016 11

Dividend payout ratioin % of EAT

Dividendsin € cent

Dividend raised over 16%—sixth increase in a row.

15

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Bechtle Company News.

11/08/2016 Bechtle AG | 2nd Quarter 2016 12

Acquisition of Steffen Informatik, Switzerland.

120 employees at 5 locations.

Revenue of 35 million Swiss francs.

Established in 1989.

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Bechtle Company News.

11/08/2016 Bechtle AG | 2nd Quarter 2016 13

New Supervisory Board Member.

Sandra Stegmann joins Bechtle Supervisory Board in June 2016.

In-depth knowledge of the industry.

Expert in technology, commerce and strategy.

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Bechtle Company News.

11/08/2016 Bechtle AG | 2nd Quarter 2016 14

Relocation of Bechtle DC.Bechtle to move its Data Centre toe-shelter in Frankfurt.

New technical foundation for a growing cloud portfolio.

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+3.1%€74.9bn

+2.7%€387.5bn

Decline in momentum compared to previous year.

DE: +3.1% (2015: +3.5%), EU: +2.7% (2015: +3.6%).

Hardware expected to decline slightly.

As in previous years, software and services remain the driving growth factors.

Hardware -0.2%€15.2bn

Software +6.2%

€21.5bn

IT Services +2.7%

€38.2bn

Hardware -0.5%€73.2bn

Software +5.1%

€89.5bn

IT Services +2.9%

€224.7bn

Source: EITO, July 2016

Industry institutes expect a robust year for IT.

The IT Industry in 2016

11/08/2016 Bechtle AG | 2nd Quarter 2016 15

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Revenue.

Strong growth compared to previous year.

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

IT E-commerce: Retain excellent competitive position.

Earnings.

Strong growth compared to previous year.

Employees.

Additional moderate growth beyond acquisitions.

Forecast.2016 Fiscal Year

11/08/2016 Bechtle AG | 2nd Quarter 2016 16

Forecast unchanged—Q3 remains to be seen.

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Any questions?

bechtle-zukunftsstark.combechtle.com