Basler : 07.05.2024 Presentation Three-Month Report 2024

Three-Month Report 2024

May 7, 2024

Hardy Mehl | CFO/COO

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Disclaimer

This document includes forward looking statements on Basler AG, its subsidiaries and associates ("Group"), and on the economic, political and/or legal conditions that may influence the business performance of Basler AG. These forward looking statements include, without limitation,

statements relating to the Group's business prospects,

future developments, trends and conditions in the industry and geographical markets in which the Group operates, its strategies, plans, objectives and goals, its ability to control costs, statements relating to prices, volumes, operations, margins, overall market trends, risk management and exchange rates.

All these statements are based on views and assumptions made by the Management Board using information available to it at the time. These forward looking statements are, by their nature, subject to significant known and unknown risks and uncertainties.

Should these views or assumptions prove to be wholly or partly incorrect, or should further risks arise, actual business performance may differ from that expected.

Neither the Group nor the Management Board therefore can assume any liability for the statements made. Subject to legal requirements, the Group does not intend to update or otherwise revise such forward looking statements, whether as a result of new information, future events or otherwise.

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Agenda

1. Executive Summary
2. Financials
3. Share
4. Outlook

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Executive Summary

A challenging Environment

Weak market conditions in North America and Asia continued. Early/slight indications of recovery

Inventory levels at customers shrank but were still above normal in Q1 and therefore muted the already weak demand

Customers in North America and Asia become more positive for HY2

German industry for vision components: Billings -19 % and bookings -12 %*

*Source: VDMA Jan. - March 2024; nominal values

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Executive Summary

Basler Situation Q1

Bookings yoy down -19%, billings yoy down -23 %

Balanced book-to-bill ratio,

bookings grew 13% Q1/2024 vs. Q4/2023

Significant improvement of gross margin compared to HY2 2023

Restructuring measures successfully executed. Break-even-point reduced to <200 million € sales for 2024

Pre-tax loss of -3.6 million € due to low revenue / weak market

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Executive Summary

The Team

FTEs e/o Q1/2023		FTEs e/o Q1/2024
37%	21%	38%	22%
Sales &		Sales &
Production		Production
Marketing		Marketing

1,139	15 %	918	14 %
	Administration		Administration
27 %		26 %
R&D		R&D

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Executive Summary

New Product Launches in Q1 2024

New model series of stereo cameras with
coordinated application software complements		The new version of VisualApplets contains
Basler's 3D product		new features to empower best FPGA
		graphical programming for CoaXPress and
		Camera Link frame grabbers.

As a full-line provider, Basler presented on the "LogiMAT" in Stuttgart a selection of our 2D and 3D vision portfolio for warehouse automation.

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Executive Summary

From Camera Manufacturer to Full Range Provider

Product Portfolio

Software	Computer Vision
	Solution Provider

Processing/

Embedded

Lenses

Cables

Factory	Medical &	ITS	Logistics	Retail
Automation	Life Science

Cameras

Markets/Applications

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Agenda

1. Executive Summary
2. Financials
3. Share
4. Outlook

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Financials

Development of Bookings and Billings

56.3 54.1*

59.8

39.9	*	41.5		46.0		43.5	44.0
		38.6 *
	34.3*

*

							Revenue
Q1	Q2	Q3	Q4	Q1			mill. €
2023				2024			Order Entry
							mill. €

* Order entry in 2023 excluding cancellations of orders placed in previous years; no significant amount of cancellations in 2024

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