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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Disclaimer

Basler AG published this content on 07 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2024 14:01:27 UTC.