Bechtle AG Analysts' Conference 2015.

Transcription

1 Bechtle AG Analysts' Conference Welcome. Frankfurt 13 March 2015 Our fourth decade: BECHTLE 4.0 Our future: INDUSTRY 4.0 Our latest figures: FINANCIAL STATEMENTS 4.0

2 Agenda. 1. Economic conditions in News and updates for 2014/ Business development in Shares and dividends 5. Outlook for Analysts' Conference Bechtle AG Dr Thomas Olemotz 2

3 Economic Conditions. The IT Industry in 2014 Hardware +5.3% 14.9bn +4.0% 70.3bn Software +5.6% 19.1bn Hardware +0.5% 67.4bn +2.4% 350.6bn Software +4.2% 79.8bn IT Services +2.7% 36.3bn IT Services +2.3% 203.4bn Source: EITO, November 2014 DACH Region: As a whole, the IT market grew by 3.7% to 92.5bn (PY: +1.6%). At +5.5%, software is a growth catalyst; IT services went up +2.7%. Unexpected positive development in the hardware segment: +3.8%, driven by Microsoft ceasing support for Windows XP. A strong year for IT Analysts' Conference Bechtle AG Dr Thomas Olemotz 3

4 The Latest Developments at Bechtle. 2014/2015 Acquisitions: planetsoftware, Vienna (specialist for SolidWorks 3D CAD software) and Amaras, Monheim am Rhein (on-site services). Foundation: ARP Belgium (IT e-commerce). Global IT Alliance: PC Connection (USA), Atea (Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia), Lexel Systems (New Zealand and Australia), JBS (Japan). Cooperation: New Industry 4.0 Collaboration Lab at the Karlsruhe Institute of Technology. Growth initiative: Start of Switzerland Competitive strength: Bechtle ranks number one among German IT system houses. New Supervisory Board Chairman: Dr Matthias Metz. Bonus for all employees: Lenovo tablets for exceptional performance in Sustainability: Signing of the WIN Charta (an initiative of Baden-Württemberg) Analysts' Conference Bechtle AG Dr Thomas Olemotz 4

5 Sustainable Growth. All Sights Locked on Vision % margin EBT in m since IPO on 30 March 2000 Employees ,106 2,254 1,370 1, , ,179 1, ,908 1, ,888 1, ,250 1, ,405 1, ,354 1, ,766 1,723 5,479 1,995 5,970 6,219 2,097 2,273 6,572 2,580 10,000 employees 5bn in revenue Vision 2020 Revenue in m Analysts' Conference Bechtle AG Dr Thomas Olemotz 5

6 Group Revenue Growth vs by Quarter +13.5% % % % % 1,190 1, % ,273 2,580 Q1 Q2 H1 Q3 Q4 Total [in m] Double-digit growth in all quarters Analysts' Conference Bechtle AG Dr Thomas Olemotz 6

7 Revenue Growth vs by Business Segment +13.5% 2,580 2, % IT E-Commerce 738 IT SH & MS 1,535 1, % [in m] Significant growth in both business segments Analysts' Conference Bechtle AG Dr Thomas Olemotz 7

8 Revenue Growth vs by Region +13.5% 2,580 2,273 Foreign % Domestic (Germany) 1,571 1, % [in m] All foreign markets contributed to growth Analysts' Conference Bechtle AG Dr Thomas Olemotz 8

9 Group Gross Margin. Growth since [in %] Gross margin at consistently high level Analysts' Conference Bechtle AG Dr Thomas Olemotz 9

10 Earnings Growth (EBIT) vs by Quarter +19.2% % % % % % Q1 Q2 H1 Q3 Q4 Total [ m] 2.8% 2.9% 2.9% 4.5% 5.3% 4.0% 3.6% 3.9% 3.7% 4.9% 4.4% 4.2% [EBIT margin] As expected, EBIT lost momentum in the second half of the year Analysts' Conference Bechtle AG Dr Thomas Olemotz 10

11 Earnings Growth (EBIT) vs by Business Segment +19.2% % +13.6% IT System House & Managed Services IT E- Commerce Total [in m] 3.7% 4.7% 4.0% 4.0% 4.6% 4.2% [EBIT margin] Improved profitability in the System House segment; E-Commerce profitability remains high Analysts' Conference Bechtle AG Dr Thomas Olemotz 11

12 Group EBT Margin. Growth since [in %] EBT margin continues to grow, approaching a new record Analysts' Conference Bechtle AG Dr Thomas Olemotz 12

13 Group Employee Growth. By Quarter 5,357 5,479 5,584 5,750 5,978 5,970 5,959 6,053 6,150 6,219 6,352 6,393 6,534 6,572 5,139 4,875 Q1.11 Q2.11 Q3.11 Q4.11 Q1.12 Q2.12 Q3.12 Q4.12 Q1.13 Q2.13 Q3.13 Q4.13 Q1.14 Q2.14 Q3.14 Q4.14 Moderate yet consistent increase during the reporting year Analysts' Conference Bechtle AG Dr Thomas Olemotz 13

14 Employee Growth vs by Business Segment +5.7 % 6,219 6,572 IT E-Commerce 1,266 1, % IT SH & MS 4,953 5, % Stronger revenue growth in E-Commerce necessitates above-average increase in employee numbers Analysts' Conference Bechtle AG Dr Thomas Olemotz 14

15 Selected Key Financial Figures vs Equity ratio Return on equity Return on total assets ROCE Healthy balance sheet ratio with improved profitability. Liquidity on par with the previous year ( 156.0m at end of reporting period) Analysts' Conference Bechtle AG Dr Thomas Olemotz 15 [in %]

16 The Bechtle Share. Performance Market Figures ( ) Market capitalisation 1,386m 70 Performance (YTD) Bechtle TecDAX (indexed) DAXsubsector IT Services (indexed) 45 Januar 14 April 14 Juli 14 Oktober 14 Januar 15 Bechtle share clearly an outperformer in Bechtle - DAX - TecDAX - DAXsubsector IT Services +33.8% +4.3% +17.5% +30.1% Analysts' Conference Bechtle AG Dr Thomas Olemotz 16

17 Dividend Policy. Continuity Dividends in cent *AGM proposal Reliable distribution since IPO Analysts' Conference Bechtle AG Dr Thomas Olemotz 17

18 Economic Conditions. The IT Industry in 2015 Hardware -4.6% 14.2bn +2.0% 71.8bn Software +5.5% 20.2bn Hardware -4.4% 64.5bn +1.9% 357.2bn Software +4.6% 83.5bn IT Services +3.0% 37.4bn IT Services +2.8% 209.2bn Source: EITO, November 2014 DACH Region: Momentum slackens: IT market grows by 2.2% to 94.5bn (PY: +3.7%). At +5.5%, software is a growth catalyst; IT services go up +3.0%. Hardware market is a challenge: significant decline expected at -4.7%. Developments in the sector demand our constant attention Analysts' Conference Bechtle AG Dr Thomas Olemotz 18

19 Opportunities Fiscal Year IT is becoming a key element of business development as perception shifts from it being a necessary evil to a critical success factor. IT budgets for innovation and new IT architectures. Key issues for decision makers: enterprise mobility, IT security, private and hybrid cloud, Big Data and digitisation (Internet of Things, Industry 4.0). Sourcing gains in significance: IT-as-a-Service in growing demand. Persistent digitisation in IT e-commerce ( consumerisation of the B2B segment) Diverse solutions portfolio, comprehensive managed services, and investments in IT business architects past initiatives are paying off Analysts' Conference Bechtle AG Dr Thomas Olemotz 19

20 Outlook Fiscal Year Revenue. Continue to grow and attain more market share IT System House: continue to focus on driving the solutions and service business. Managed Services: expand long-term service agreements. IT E-Commerce: defend our excellent competitive position in the trade business. Earnings. Continue to grow. Employees. Pursue additional, moderate growth beyond acquisitions. Expansion. Acquisitions continue to be an integral part of our growth strategy. Tap into new markets and gain new customers through international alliances Analysts' Conference Bechtle AG Dr Thomas Olemotz 20

21 ANY QUESTIONS? Analysts' Conference Bechtle AG Dr Thomas Olemotz 21