Key figures as of March 31, 2012
|
|
- Zoe Phelps
- 5 years ago
- Views:
Transcription
1 Key figures as of March 31, 2012 Conference call on May 4, 2012 Pierre François Riolacci Chief Finance Officer
2 Disclaimer Veolia Environnement is a corporation listed on the NYSE and Euronext Paris. This document contains "forward looking statements" within the meaning of the provisions of the U.S. Private Securities Litigation Reform Act of Such forward looking statements are not guarantees of future performance. Actual results may differ materially from the forward looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including but not limited to: the risk of suffering reduced profits or losses as a result of intense competition, the risks associated with conducting business in some countries outside of Western Europe, the United States and Canada, the risk that changes in energy prices and taxes may reduce Veolia Environnement's profits, the risk that we may make investments in projects without being able to obtain the required approvals for the project, the risk that governmental authorities could terminate or modify some of Veolia Environnement's contracts, the risk that our long term contracts may limit our capacity to quickly and effectively react to general economic changes affecting our performance under those contracts, the risk that acquisitions may not provide the benefits that Veolia Environnement hopes to achieve, the risk that Veolia Environnement's compliance with environmental laws may become more costly in the future, the risk that currency exchange rate fluctuations may negatively affect Veolia Environnement's financial results and the price of its shares, the risk that Veolia Environnement may incur environmental liability in connection with its past, present and future operations, as well as the risks described in the documents Veolia Environnement has filed with the U.S. Securities and Exchange Commission. Veolia Environnement does not undertake, nor does it have, any obligation to provide updates or to revise any forward looking statements. Investors and security holders may obtain a free copy of documents filed by Veolia Environnement with the U.S. Securities and Exchange Commission from Veolia Environnement. This document contains "non GAAP financial measures" within the meaning of Regulation G adopted by the U.S. Securities and Exchange Commission under the U.S. Sarbanes Oxley Act of These "non GAAP financial measures" are being communicated and made public in accordance with the exemption provided by Rule 100(c) of Regulation G 2
3 Highlights and key figures as of March 31, 2012
4 1 st quarter 2012 highlights Convergence Implementation of cost reduction program: 75M in savings identified to date, relative to an annual objective of 100M Asset divestment process continuing Good commercial dynamics Good resilience of activity Revenue increased 4.6%, including +3.4% at constant scope and FX Adjusted operating cash flow declined 3.1% ( 3.3% at constant FX) Adjusted operating income declined by 12.2% due to costs to implement the transformation plan and higher amortization expense in several priority regions Industrial investment increased, notably in Energy Services (biomass and in Central Europe) 4
5 1 st quarter 2012 key figures In M Q published Q re presented (1) Q current FX Constant FX Revenue 8, , , % +3.8% (2) Adjusted operating cash flow % 3.3% Adj. operating cash flow margin 12.2% 12,4% 11.5% Adjusted operating income % 12.1% Adj. operating income margin 7.8% 8.3% 6.9% Operating income Free Cash Flow Net financial debt (3) 14,511 14,511 15,021 (1) To ensure the comparability of period, the 2011 financial statements have been re-presented to include: - the impact of the reclassification into net income from discontinued operations of Habitat Services ( Proxiserve ) activities in the Water and Energy Services division, Citelum activities in the Energy Services division, Solid waste activities in the United States in the Environmental Services division and the regulated activities in the United Kingdom in the Water division; - the impact of the reclassification into net income from discontinued operations of the Transportation Division as a whole; - the impact of the reclassification into continuing operations of the Pinellas incineration activities within the Montenay International entities in the United States in the Environmental Services division. (2) +3.4 % at constant consolidation scope and exchange rates (3) Net financial debt as of December 31, 2011: 14,730M 5
6 Breakdown of revenue by division In M 7,479 2,907 7,826 3,050 Δ current FX Δ constant FX Δ excl. FX & scope 2,230 2,236 2,342 2,540 Water +4.9% +3.8% +5.3% Environmental Services +0.3% 1.3% 0.9% Energy Services +8.5% +8.8% +5.3% Total Company +4.6% +3.8% +3.4% Q Q re presented (1) (1) To ensure the comparability of period, the 2011 financial statements have been re-presented to include: - the impact of the reclassification into net income from discontinued operations of Habitat Services ( Proxiserve ) activities in the Water and Energy Services division, Citelum activities in the Energy Services division, Solid waste activities in the United States in the Environmental Services division and the regulated activities in the United Kingdom in the Water division; - the impact of the reclassification into net income from discontinued operations of the Transportation Division as a whole; - the impact of the reclassification into continuing operations of the Pinellas incineration activities within the Montenay International entities in the United States in the Environmental Services division. 6
7 Water: revenue increase of 4.9% to 3,050M Operations: Revenue increased 2.0% (+3.6% at constant scope and FX) France : revenue increased 2.6% (+3.2% at constant scope and FX), given stable volumes and favorable indexation, and continued contract erosion Outside France: Revenue increased 1.7% (+3.8% at constant scope and FX) due to good performance in Central and Eastern Europe and in Asia Technologies and Networks: Revenue increased 12.7% (+9.7% at constant scope and FX) Confirmed recovery in Industrial activity Favorable impact of the Hong Kong contract VWS backlog increased compared to the end of March 2011, primarily due to Industrial Design & Build projects Quarterly revenue as of March 31 ( M) 2,907 3,050 2,123 2, * 2012 Operations Technologies & Networks +4.9% +2.0% +12.7% *The 2011 financial statements have been re presented to ensure the comparability of periods, for the U.K. regulated water activities and Proxiserve 7
8 Environmental Services: Stable revenue at 2,236M 2012 Price and volumes of recycled materials 1.2% Waste volumes 0.1% Service price increases +1.1% Revenue variation 2012 / 2011: +0.3% and 0.9% at constant scope and FX Other 0.7% Consolidation scope & currency effect +1.2% France: Revenue growth of +3.8% at constant scope, despite the impact of lower raw material prices: improved volumes, notably in recycling, incineration and treatment of hazardous waste UK: Revenue decline of 8.4% at constant scope and FX due to decline in PFI construction revenue, shutdowns due to incinerator maintenance, and strong decline in landfill volumes Germany: Revenue decline at constant scope of 8.8% due to lower raw material prices and volumes Italy: Procedure for voluntary liquidation presented on April 18 and applicable to all Veolia Environmental Services activities with the exception of the Technoborgo and Energonut incinerators 8
9 Energy Services: revenue increased 8.5% to 2,540M Revenue increased 8.5% (+5.3% at constant scope and FX) to 2,540M Higher energy prices: positive impact of 140M vs Marginal weather impact In France, revenue increased 9.6% (+10.6% at constant scope) Average fuel prices increased Quarterly revenue as of March 31 ( M) 2,342 2, % 1,170 1, % Outside France, revenue increased 7.3%, and was stable at constant scope and FX Central & Eastern Europe revenue increased 19.5% (+4.6% at constant scope and FX) Unfavorable currency effect Consolidation scope: essentially impact of the Warsaw heating network for 95M 1,172 1, * 2012 France Outside France +9.6% Higher prices, but lower electricity sales in the Czech Republic and cogenerated electricity subsidies in Hungary * The 2011 financial statements have been re presented to ensure the comparability of periods, for the Citelum and Proxiserve activities. 9
10 Free Cash Flow Asset divestments well advanced but no material divestments completed in Q (versus 840M in Q1 2011) Seasonal variation in WCR: 679M ( 570M as of March 31, 2011) Gross investments of 656M compared to 528M in Q Repurchase of minority interest in Water division in Central Europe for 79M Significant increase in growth investments in Energy Services, notably in France associated with biomass cogeneration projects Free Cash Flow: 519M 10
11 Net financial debt 18,000 In M 16,000 16,820 16,827 16,528 15,909 15,377 15,127 16,027 15,767 15,218 15,045 14,730 15,021 14,764 14,511 14,000 12,000 10, Dec Mar Jun Sep dec Mar Jun Sep Dec Mar Jun Sep Dec Mar- 12 Seasonal increase in net financial debt Active net financial debt management: public exchange offer of euro issues with maturities in 2013, 2014, 2017 and 2018 versus a new 750M issue with maturity in 2027, as well as reimbursement of the U.S. private placement for 350M 11
12 Convergence: Update on strategic plan
13 Update on asset divestment program U.K. Regulated Water & U.S. Solid Waste: An ambitious timeline followed to date Strong interest expressed by the market Non binding offers received Veolia Transdev: Continued preparation of VTD as part of withdrawal Negotiation in process on the basis of an offer received Interest expressed from a new potential buyer 13
14 Advancement of cost reduction program In M Implementation costs Gross savings Feb. 17, 2012e Apr. 27, 2012e Dec. 31, 2012e 12.0% 14.0% Breakdown of net savings by geographic zone 13.0% 22.0% 10.0% France North America & Australia Latin America & Southern Europe Asia, Africa & Middle East Central & Eastern Europe Northern Europe Corporate HQ 2.0% Breakdown of net savings by lever 1.0% 0.0% 6.0% 25.0% Purchasing Organizational Efficiency IT costs External expenses Insurance costs 5.0% 13.0% 11.0% Other 66.0% Other 14
15 Outlook Transition period Divestments of 5bn Reduce net financial debt below 12bn (1) Cost reduction in 2013: gross impact of 220M and net (2) impact of 120M on Operating Income Commitment on dividend policy 0.70 (3) per share in 2012, paid in cash or shares 0.70 (3) per share in and beyond: New Veolia Organic revenue growth > +3% CAGR (mid cycle) Adjusted Operating Cash Flow > +5% CAGR (midcycle) Leverage (4) of 3.0x (5) Mid term: historical payout ratio (3) Cost reduction in 2015: gross impact of 450M and net (2) impact of 420M on Operating Income (1) Before exchange rate impact (2) Net of implementation costs (3) Subject to approval of Veolia s Board of Directors and shareholders (4) Net financial debt / (Operating cash flow before changes in working capital + principal repayments on operating financial assets) (5) ±5% 15
16 Appendices
17 Appendix 1: Main at end March 2011 re presented figures (1) ( M) 2011 published 2011 Represented (1) Revenue 8, ,478.6 Adjusted operating Cash Flow Operating income/adjusted operating income Free Cash Flow (2) (1) To ensure the comparability of period, the 2011 financial statements have been re presented to include: the impact of the reclassification into net income from discontinued operations of Habitat Services ( Proxiserve ) activities in the Water and Energy Services division, Citelum activities in the Energy Services division, Solid waste activities in the United States in the Environmental Services division and the regulated activities in the United Kingdom in the Water division; the impact of the reclassification into net income from discontinued operations of the Transportation Division as a whole; the impact of the reclassification into continuing operations of the Pinellas incineration activities within the Montenay International entities in the United States in the Environmental Services division. (2) Free Cash Flow represents cash generated (sum of operating cash flow before changes in working capital and principal payments on operating financial assets) net of the cash component of the following items: (i) changes in working capital for operations, (ii) operations involving equity (share capital movements, dividends paid and received), (iii) investments net of disposals (including the change in receivables and other financial assets), (iv) net financial interest paid and (v) tax paid. 17
18 Appendix 2: Commercial dynamics since the beginning of 2012 (1/2) In France : Veolia Water chosen to renovate Europe s largest wastewater treatment plant. SIAAP (Syndicat Interdépartemental pour l Assainissement de l Agglomération Parisienne, the interdepartmental wastewater authority for the Greater Paris area) chose OTV, a subsidiary of Veolia Water Solutions & Technologies, to head the consortium that was awarded the contract to renovate the Seine Aval biological wastewater treatment plant in Achères, the 2 nd largest wastewater treatment plant in the world after that of Chicago. The portion of revenue that will be attributable to OTV is expected to be roughly 196M. Greater Dijon chose Dalkia to design and operate its future heating network. The Greater Dijon joint district authority appointed Dalkia, as part of a public service management contract, the design, build and operation of its new heating network for a period of 25 years. As much as 80% of the network s energy needs will come from renewable resources. Cumulated revenue is estimated at more than 200M. In Europe : Veolia Environmental services selected by the city of Leeds for a waste management contract (United Kingdom). Veolia Environmental Services, through its subsidiary Veolia Environmental Services (UK) Plc, a leading UK recycling and waste management company, was selected as a preferred bidder by the Leeds City Council for a Private Finance Initiative (PFI) contract for the treatment and disposal of residual waste. This contract will have a duration of 25 years. Dalkia selected by the European Investment Bank to aid the Bank in its plan to reduce its carbon footprint (Luxembourg). The European Investment Bank awarded Dalkia the contract for technical and energy systems management of more than 180,000m² of its office space in Luxembourg. The 4 year contract covers 4 buildings and includes and ambitious target for reducing energy consumption and CO 2 emissions. 18
19 Appendix 2: Commercial dynamics since the beginning of 2012 (2/2) In Asia Oceania: India: first «full city public private partnership in the Water division. Veolia Water India, a Veolia Water subsidiary, was awarded the drinking water service operation and maintenance contract by the city of Nagpur for 25 years (cumulated revenue of 387M). Veolia Water will take on the challenge of providing a continuous supply of drinking water to homes of the population of 2.7 million in Nagpur, including the portion of the population living in the city s slums (a first in India). Japan : Veolia Water won contracts for the operations and maintenance of three water and wastewater treatment plants which will service the needs of 1,215,000 people in Japan. Veolia Water Japan, a Veolia Water subsidiary, successfully bid on the operations and maintenance contracts for two wastewater treatment plants in Hiroshima and Kyoto, and was also chosen by the city of Matsuyama (on the southern island of Shikoku) for the operations and maintenance of all facilities used to treat drinking water (cumulated revenue of 49M). 19
20 Appendix 3: Impacts of variation in foreign exchange rates during the quarter Depreciation of the euro 3M 2012 / 3M 2011 Average rate Closing rate Australian dollar +8.7% +6.6% Czech koruna 2.9% 0.8% U.K. pound sterling +2.2% +5.6% U.S. dollar +4.1% +6.0% Impact on key Company figures Revenue Adjusted operating cash flow Adjusted operating income M + 2.5M ns Decline in net financial debt 12M 20
21 Appendix 4: Evolution of recycled material prices /T Q1, 2011 Q2, 2011 Q3, 2011 Q4, avg Q1, 2012 Var Q / Q March 2012: 12 month var March 2012 : 3 month var March 2012 : 1 month var Cardboard (1.05) % -3.1% 70.4% 12.5% Paper (1.11) % -6.1% 20.3% 13.9% Metals (E40) % 0.4% 8.6% 3.6% Evolution of raw materials prices ( /t) Cardboard Paper Metals jan 08 feb 08 mar 08 apr 08 may 08 jun 08 jul 08 aug 08 sept 08 oct 08 nov 08 dec 08 jan 09 feb 09 mar 09 apr 09 may 09 jun 09 jul 09 aug 09 sept 09 oct 09 nov 09 dec 09 jan 10 feb 10 mar 10 apr 10 may 10 jun 10 jul 10 aug 10 sept 10 oct 10 nov 10 dec 10 jan 11 feb 11 mar 11 apr 11 may 11 jun 11 jul 11 aug 11 sept 11 oct 11 nov 11 dec 11 janv 2012 fev 2012 mars 2012 apr 2012
22 Investor Relations Contact Information Ronald Wasylec, Senior Vice President, Investor Relations Tel e mail ronald.wasylec@veolia.com Ariane de Lamaze Tel e mail ariane.de lamaze@veolia.com 38 Avenue Kléber Paris France Fax Terri Anne Powers, Director of North American Investor Relations 200 East Randolph Street Suite 7900 Chicago, IL Tel +1 (312) Fax +1 (312) e mail terri.powers@veoliaes.com 22
Key figures as of March 31, 2013
Key figures as of March 31, 2013 Conference call May 3, 2013 Pierre François Riolacci Chief Financial Officer François Bertreau Chief Operating Officer Disclaimer Veolia Environnement is a corporation
More informationKey figures at March 31, 2011
Key figures at March 31, 2011 Conference call on May 5, 2011 Pierre François Riolacci Chief Financial Officer Disclaimer Veolia Environnement is a corporation listed on the NYSE and Euronext Paris. This
More informationInvestor Relations August 2, August,
August, 2 2012 1 Disclaimer Veolia Environnement is a corporation listed on the NYSE and Euronext Paris. This document contains "forward-looking statements" within the meaning of the provisions of the
More information2013 General Meeting. Pierre-François RIOLACCI Chief Finance Officer
2013 General Meeting Pierre-François RIOLACCI Chief Finance Officer 1 Disclaimer Veolia Environnement is a corporation listed on the NYSE and Euronext Paris. This document contains "forward-looking statements"
More informationIMPROVEMENT CONFIRMED 2010 OBJECTIVES CONFIRMED.
2010 HALF YEAR RESULTS PRESS RELEASE Paris, August 6, 2010 IMPROVEMENT CONFIRMED PROGRESSION OF RESULTS MARGIN IMPROVEMENT STRONG CASH FLOW GENERATION 2010 OBJECTIVES CONFIRMED RETURN OF REVENUE GROWTH
More information2015 First Half Results. August 3, 2015
2015 First Half Results August 3, 2015 Disclaimer Veolia Environnement is a corporation listed on the Euronext Paris. This document contains forward-looking statements within the meaning of the provisions
More informationKey figures for the period ending September 30, Conference call November 5, 2015 Philippe Capron, CFO
Key figures for the period ending September 30, 2015 Conference call November 5, 2015 Philippe Capron, CFO Disclaimer Veolia Environnement is a corporation listed on the Euronext Paris. This document contains
More information2014 First Half Results. August 28, 2014
2014 First Half Results August 28, 2014 Disclaimer Veolia Environnement is a corporation listed on the NYSE and Euronext Paris. This document contains "forwardlooking statements" within the meaning of
More informationVeolia Environnement: Key Figures for the Nine Months Ended September 30, 2016
03 novembre 2016 03:07 AM Est New York / Heure d été (USA) Veolia Environnement: Key Figures for the Nine Months Ended September 30, 2016 (UNAUDITED IFRS FIGURES) CONTINUED STRONG RESULTS GROWTH DUE TO
More information2009 ANNUAL RESULTS SIGNIFICANT REDUCTION IN NET DEBT IMPROVEMENT OF NET INCOME SIGNIFICANT COST REDUCTIONS
Press release Paris, March 5, 2010 2009 ANNUAL RESULTS SIGNIFICANT REDUCTION IN NET DEBT IMPROVEMENT OF NET INCOME SIGNIFICANT COST REDUCTIONS 2009 COMMITMENTS MET: DIVESTMENTS COMPLETED AND POSITIVE FREE
More informationKey Figures for the period ending March 31st, Conference call May 3, 2018
Key Figures for the period ending March 31st, 2018 Conference call May 3, 2018 Disclaimer Veolia Environnement is a corporation listed on the Euronext Paris. This document contains forward-looking statements
More information2015 Annual Results. February 25, 2016
2015 Annual Results February 25, 2016 Disclaimer Veolia Environnement is a corporation listed on the Euronext Paris. This document contains forward-looking statements within the meaning of the provisions
More informationPress release. (See details of the conference call on page 7)
Paris, March 7, 2008 Press release (See details of the conference call on page 7) RESULTS FOR THE 2007 FISCAL YEAR CONTINUATION OF PROFITABLE GROWTH 22.3% INCREASE IN NET INCOME Revenue (1) : 32.6 billion,
More information2010 First half performance
2010 First half performance Solid progression in sales and profits Recovery in growth projects August 2, 2010 Benoît Potier, Chairman and CEO Pierre Dufour, Senior Executive Vice-President Jean-Pierre
More informationKey Figures for the period ending June 30, st August 2018
Key Figures for the period ending June 30, 2018 1st August 2018 Disclaimer Veolia Environnement is a corporation listed on the Euronext Paris. This document contains forward-looking statements within the
More informationSolid performance in a mixed environment
2014 Full Year Solid performance in a mixed environment Paris, 2014 Full Year Paris, Solid performance and sustained shareholder return in a mixed environment Sales growth, enhanced competitiveness Strong
More informationUpdate of the 2007 Reference Document
This is a free translation into English of Veolia Environnement s update of its document de reference (the Reference Document ) filed by Veolia Environnement with the French Autorité des marchés financiers
More informationSeptember 30, Organic change. Revenue 11,225 11, % +0.7% +0.8% -0.2% EBITDA 1, , % -1.7% -2.1% +0.4%
Paris, October 27, 2017 SEPTEMBER 30, 2017 RESULTS THIRD-QUARTER IMPROVEMENT IN ORGANIC REVENUE GROWTH BUSINESS ACTIVITY AND PERFORMANCE IN LINE WITH FULL-YEAR TARGETS GE WATER ACQUISITION CLOSED Q3 2017
More information2017 Annual Results. Philippe Capron
2017 Annual Results Philippe Capron Overall 2017 performance better than expected, marked by strong revenue growth Strong revenue growth: +4.9% at constant FX (+3.5% like-for-like): improvement in France
More informationQ Results. May 17 th, 2018
May 17 th, 2018 Disclaimer This presentation contains estimates and/or forward-looking statements and information. These statements include financial projections, synergies, estimates and their underlying
More informationOperating and Financial Review Condensed Consolidated Financial Statements For the half-year ended June 30, 2013
Operating and Financial Review Condensed Consolidated Financial Statements For the half-year 30, 2013 1 MAJOR EVENTS IN THE FIRST HALF OF 2013 2 PREFACE... 2 1.1 GENERAL CONTEXT... 2 1.2 NEW CONTRACTS
More informationFIRST-QUARTER 2016 BUSINESS TREND IN LINE WITH OUR OBJECTIVES CONFIRMATION OF POSITIVE MOMENTUM IN INTERNATIONAL. 31 March 2016.
Paris, 28 April FIRST-QUARTER BUSINESS TREND IN LINE WITH OUR OBJECTIVES CONFIRMATION OF POSITIVE MOMENTUM IN INTERNATIONAL Results in first-quarter 1 : Revenue: 3,555m, organic growth of +1.5% EBIT: 253m,
More informationPositive trend in earnings and strong cash flow
Positive trend in earnings and strong cash flow Presentation of the Q3/2017 result Martin Lindqvist, President & CEO Håkan Folin, CFO October 25, 2017 Agenda Q3/2017 and performance by division Financials
More informationQUARTERLY FINANCIAL INFORMATION FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2013 UNAUDITED IFRS FIGURES
QUARTERLY FINANCIAL INFORMATION FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2013 UNAUDITED IFRS FIGURES 1 REVIEW OF OPERATIONS FOR THE FIRST NINE MONTHS OF 2013 2 PREFACE... 2 1.1 GENERAL CONTEXT... 2 1.2
More informationNINE MONTHS YTD FISCAL 2016 REVENUES. July 8, 2016
NINE MONTHS YTD FISCAL 2016 REVENUES July 8, 2016 FORWARD-LOOKING INFORMATION This presentation contains statements that may be considered as forward-looking statements and as such may not relate strictly
More information1Q of FY ending December 31, (0.2) (1.9) 11.3 (0.2) (0.2) (0.2) (0.2) (1.2) (89.2) 0.1
August 6, ISEKI & CO., LTD. Supplementary Information to Consolidated Financial Results (April 1, June 30, ) I. Consolidated business results for the three months ended June 30, (Billions of yen, %) Year-on
More informationAnnual Results February 2019
Annual Results 2018 21 February 2019 Disclaimer Veolia Environnement is a corporation listed on the Euronext Paris. This document contains forward-looking statements within the meaning of the provisions
More informationVEOLIA ENVIRONNEMENT
SUPPLEMENT DATED 21 MARCH 2008 TO THE BASE PROSPECTUS DATED 4 MAY 2007 VEOLIA ENVIRONNEMENT (Established as a société anonyme with limited liability in the Republic of France) EURO 12,000,000,000 EURO
More informationXML Publisher Balance Sheet Vision Operations (USA) Feb-02
Page:1 Apr-01 May-01 Jun-01 Jul-01 ASSETS Current Assets Cash and Short Term Investments 15,862,304 51,998,607 9,198,226 Accounts Receivable - Net of Allowance 2,560,786
More informationHalf-yearly financial report 2016
Half-yearly financial report 2016 Veolia Environnement A Public Limited Company (Société Anonyme) with a share capital of euros 2 816 824 115 Corporate Headquarters: 36/38, avenue Kléber 75116 PARIS -
More informationGlobal Equity Trading Volumes Surge 36% in 1 st half 2015 driven by Mainland China
EMBARGO: :1BST/1:1CET/19:1EDT Global Equity Trading Volumes Surge 36% in 1 st half 215 driven by Mainland China Global Equity Trading Volumes Ex Mainland China Up 5% Mainland China Share Trading Vols Rise
More informationMarch 2005 Euro-zone external trade surplus 4.2 bn euro 6.5 bn euro deficit for EU25
STAT/05/67 24 May 2005 March 2005 Euro-zone external trade surplus 4.2 6.5 deficit for EU25 The first estimate for euro-zone 1 trade with the rest of the world in March 2005 was a 4.2 billion euro surplus,
More informationFIRST-QUARTER 2017 ENCOURAGING OPERATING TRENDS GROWING EARNINGS ACQUISITION OF GE WATER, A MAJOR DEVELOPMENT STEP FOR SUEZ.
Paris, 05/10/ FIRST-QUARTER ENCOURAGING OPERATING TRENDS GROWING EARNINGS ACQUISITION OF GE WATER, A MAJOR DEVELOPMENT STEP FOR SUEZ Q1 results 1 : Revenue: 3,721m, up +4.7% EBIT: 281m, up +10.8% Net financial
More informationFinancial Information
Accelerating & profit in H1: Revenue up +4% reported, Adj. EBITA +8%, Net Income +18%, FCF +15% H1 revenue of 12.2bn, +2.7% organic, +4.1% outside Infrastructure H1 adj. EBITA margin up 60bps 1 org., to
More information9M 2014 Results Presentation November 13, 2014
9M 2014 Results Presentation November 13, 2014 9M 2014 key facts Sales: Euro 668.4 million +8.1% (+8.8% constant FX) Directly Operated Stores Same Store Sales: +9.4% (vs -5.7% in 9M 13) EBITDA: Euro 46.3
More informationDeutsche Global Infrastructure Fund (TOLLX)
Global Infrastructure Fund (TOLLX) A step beyond MLPs Important risk information Any fund that concentrates in a particular segment of the market will generally be more volatile than a fund that invests
More informationNASDAQ Global Index. More information about the Index can be found at
NASDAQ Global Index The NASDAQ Global Index is a float adjusted market capitalization-weighted index designed to track the performance of global equities covering over 98% of the entire listed market capitalization
More informationIncome Statement + 2.2% + 7.2% + 3.9% + 14% EPS 142.1p 118.5p + 20% Dividend per share 36.0p 31.0p + 16% Full Price
July 2013 Income Statement m July 2013 July 2012* Revenue 1,677 1,640 Operating profit 285 266 Interest (13) (15) Profit before tax 272 251 Taxation (55) (60) Profit after tax 217 191 + 2.2% + 7.2% + 14%
More informationEuler Hermes Q financial results. Analysts conference call 9 November 2009
Euler Hermes Q3 2009 financial results Analysts conference call 9 November 2009 Contents 1 Economic environment 2 Euler Hermes actions and achievements 3 Q3 2009 consolidated results 4 YTD September 2009
More information2017 First Half Results. July 31, 2017
2017 First Half Results July 31, 2017 Disclaimer Veolia Environnement is a corporation listed on the Euronext Paris. This document contains forward-looking statements within the meaning of the provisions
More informationRECENT EVOLUTION AND OUTLOOK OF THE MEXICAN ECONOMY BANCO DE MÉXICO OCTOBER 2003
OCTOBER 23 RECENT EVOLUTION AND OUTLOOK OF THE MEXICAN ECONOMY BANCO DE MÉXICO 2 RECENT DEVELOPMENTS OUTLOOK MEDIUM-TERM CHALLENGES 3 RECENT DEVELOPMENTS In tandem with the global economic cycle, the Mexican
More informationSecond estimate for the third quarter of 2008 EU27 current account deficit 39.5 bn euro 19.3 bn euro surplus on trade in services
STAT/09/12 22 January 2009 Second estimate for the third quarter of 20 EU27 current account deficit 39.5 bn euro 19.3 bn euro surplus on trade in According to the latest revisions1, the EU272 external
More informationLindab Group presentation Q3 2010
lindab group presentation Lindab Group presentation Q3 2010 David Brodetsky, CEO Nils-Johan Andersson, CFO Agenda Highlights Group Business Areas Strategy Trends and outlook Q & A 2 Lindab Group Highlights
More informationJanuary 2005 Euro-zone external trade deficit 2.2 bn euro 14.0 bn euro deficit for EU25
42/2005-23 March 2005 January 2005 Euro-zone external trade deficit 2.2 14.0 deficit for EU25 The first estimate for euro-zone 1 trade with the rest of the world in January 2005 was a 2.2 billion euro
More informationResults presentation. For the year ended 31 March 2014
Results presentation For the year ended 31 March 214 The year in review 2 Improving operating environment Results impacted by strength of sterling against other operating currencies Equity markets Interest
More informationInvestor Teleconference Presentation Third Quarter October 25, 2006
Investor Teleconference Presentation October 25, 10/25/06 2 Earnings Teleconference Forward Looking Statements This document contains forward-looking statements within the meaning of the Private Securities
More informationAugust 2005 Euro-zone external trade deficit 2.6 bn euro 14.2 bn euro deficit for EU25
STAT/05/132 20 October 2005 August 2005 Euro-zone external trade deficit 2.6 14.2 deficit for EU25 The first estimate for euro-zone 1 trade with the rest of the world in August 2005 was a 2.6 billion euro
More informationFull year Press Conference February 27, Rice Powell - CEO
Full year 2017 Press Conference February 27, 2018 Rice Powell - CEO Press Conference FY 2017 1 Safe harbor statement: This presentation includes certain forward-looking statements within the meaning of
More informationElectrocomponents 2017 half-year financial results. 18 November 2016
Electrocomponents 2017 half-year financial results 18 November 2016 Agenda Overview of results Lindsley Ruth Financial results and performance update David Egan Performance Improvement Plan Lindsley Ruth
More informationJuly 2012 Chartbook The Halftime Report
Average Daily $VA LUE Traded ($Billions ) $Billions (212 ( US China Japan CHI-X London Hong Kong Germany France Canada Korea Australia Brazil Taiwan Spain India Italy $billions Switzerland Sweden Amsterdam
More informationEuler Hermes 2009 H1 financial results. 28 July 2009
Euler Hermes 2009 H1 financial results Contents 1 Economic environment 2 Euler Hermes actions and achievements 3 Q2 2009 consolidated results 4 S1 2009 consolidated results 2 Contents 1 Economic environment
More informationCharles Mickey Flood. Joe Quarin. Investor Presentation May Executive Vice President, BFI Canada, CEO IESI. Chief Financial Officer BFI Canada
Charles Mickey Flood Executive Vice President, BFI Canada, CEO IESI Joe Quarin Chief Financial Officer BFI Canada Investor Presentation May 2005 Safe Harbor Statement Our remarks and answers to your questions
More informationH RESULTS Good operational resilience Strong free cash flow generation Performance in line with priorities Pursuit of cost reduction programme
SUEZ ENVIRONNEMENT 1 RUE D ASTORG 75008 PARIS, FRANCE TEL +33 (0)1 58 18 50 56 FAX +33 (0)1 58 18 51 68 WWW.SUEZ-EN VIRONNEMENT.COM PRESS RELEASE Wednesday August 26, 2009 H1 2009 RESULTS Good operational
More informationText. improvement in earnings. Textdemand drove continued
Good Textdemand drove continued improvement in earnings Text Presentation of the Q2/2018 results Martin Lindqvist, President & CEO Håkan Folin, CFO July 20, 2018 Agenda Market and demand trends Performance
More informationSix months of FY ending December 31, (0.4) (1.9) 22.5 (0.4) (0.3) (0.4) (0.1) (0.4) (0.7) (2.0) 0.9 (1.
November 11, ISEKI & CO., LTD. Supplementary Information to Consolidated Financial Results (April 1, September 30, ) I. Consolidated business results for the six months ended September 30, (Billions of
More informationFourth Quarter 2014 Earnings Conference Call. 26 November 2014
Fourth Quarter 2014 Earnings Conference Call 26 November 2014 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning
More informationM&A. Predictor? What is KPMG s M&A 13% Global M&A levels expected to stay strong in Capacity (net debt/ebitda) Appetite (Forward P/E ratios)
M&A February 2016 Predictor Global M&A levels expected to stay strong in 2016 After a strong year for M&A in key markets during 2015, analysts expect the world s largest corporates to maintain the positive
More informationCredit Suisse 5 th Annual Industrials Conference November 29, 2017
Credit Suisse 5 th Annual Industrials Conference November 29, 2017 Cindy C. Earhart Executive Vice President and Chief Financial Officer 1 / Norfolk Southern Corporation Forward-Looking Statements Certain
More information1,633m 2013 Revenues 2013 ANNUAL RESULTS. 13 March ,427 Employees in % of Revenues for International in 2013
1,633m 2013 Revenues 2013 ANNUAL RESULTS 13 March 2014 55% of Revenues for International in 2013 20,427 Employees in 2013 Disclaimer This presentation contains forward-looking statements (as defined in
More informationrd Quarter Resilient activity. François Darchis l Senior Vice-President
2012 3 rd Quarter Resilient activity Paris, Fabienne Lecorvaisier l Chief Financial Officer François Darchis l Senior Vice-President 2012 3 rd Quarter Paris, Resilience in a contrasted environment Solid
More informationPRESENTATION BY JACOB A. FRENKEL AT THE FORUM: INTELLIGENCE ON THE WORLD, EUROPE, AND ITALY. Villa d'este, Cernobbio - September 7, 8 and 9, 2012
PRESENTATION BY JACOB A. FRENKEL AT THE FORUM: INTELLIGENCE ON THE WORLD, EUROPE, AND ITALY Villa d'este, Cernobbio - September 7, 8 and 9, 1 Working paper, September 1. Kindly authorized by the Author.
More informationThomas Buberl Group CEO, AXA. Bank of America Merrill Lynch Conference London September 27, 2018
Thomas Buberl Group CEO, AXA Bank of America Merrill Lynch Conference London September 27, 2018 IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS Certain statements
More informationGCL Holdings Group. Company presentation 1H 2013 results
GCL Holdings Group Company presentation 1H 2013 results Alessandria, September 13, 2013 Forward-looking statements This presentation may include, and the Company and its representatives may from time to
More informationFinancial Results of FY2014 Third Quarter
Financial Results of FY2014 Third Quarter Mitsubishi Motors Corporation February 3, 2015 FY2014 Third Quarter Financial Results All-new Triton 1 FY2014 1-3Q Results Summary (vs. 1-3Q) Increased Year-on-year
More informationQ Financial Results October 20, 2014
Q3 2014 Financial Results October 20, 2014 Balanced exposures providing resilience to industry cycles Uniquely balanced geographic exposure One of the broadest Attractive end-markets exposure product portfolios
More informationApril Domestic Exports Imports. Volume Tonnes SW. MAT Apr-16 4, ,332 33, , % Change 2.8% 4.3% 12.6% 5.9% 2.9% 4.
April 2017 Overview Table 1.1 Overview trends for Domestic, Export and Import trade Domestic Exports Imports Month Slaughter Pigmeat (Tonnes) Volume Tonnes SW Value $AUD (Million) Volume Tonnes SW Value
More information2015 Half-Year Results. François-Xavier Roger Chief Financial Officer
2015 Half-Year Results François-Xavier Roger Chief Financial Officer Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates. The forward
More informationSome Historical Examples of Yield Curves
3 months 6 months 1 year 2 years 5 years 10 years 30 years Some Historical Examples of Yield Curves Nominal interest rate, % 16 14 12 10 8 6 4 2 January 1981 June1999 December2009 0 Time to maturity This
More informationJune Todd Hale James Russo Jonathan Banks Jean-Jacques Vandenheede
June 20 Todd Hale James Russo Jonathan Banks JeanJacques Vandenheede Nielsen Global Scorecard Shopping measures appear to be trending upward, driven by gains in China, India, Canada and the U.S., with
More informationGCL Holdings Group. Company presentation 9M 2015 results
GCL Holdings Group Company presentation 9M results November 27, Forward-looking Statements This presentation may include, and the Company and its representatives may from time to time make, written or
More informationHistory Shaping the Future: Presentation Title
History Shaping the Future: Presentation Title Benchmarking and Performance Trends in the Hotel Sector for Strategic Decision Making Subtitle Elizabeth Randall Winkle Managing Director, STR Global Date
More informationA Global Economic and Market Outlook
A Global Economic and Market Outlook Presented by Dr Chris Caton December 2008 US Housing starts and Permits 2.3 (Millions) Permits Starts 2.1 1.9 1.7 1.5 1.3 1.1 0.9 0.7 96 97 98 99 00 01 02 03 04 05
More informationDover Corporation NEUTRAL ZACKS CONSENSUS ESTIMATES (DOV-NYSE) SUMMARY
March 09, 2015 Dover Corporation Current Recommendation Prior Recommendation Outperform Date of Last Change 01/11/2011 Current Price (03/06/15) $70.71 Target Price $74.00 NEUTRAL SUMMARY (DOV-NYSE) In
More informationPower of Travel Promotion Evolution
Power of Travel Promotion Evolution Promotion More Important than Ever Power of Promotion $7 million Median state = marketing budget FY 2014-15 OR 45 seconds worth of Super Bowl ads $100 million = Presidential
More informationFinancial Analysts Meeting. 4 th November 2010
Financial Analysts Meeting 4 th November EH world macro economic scenario -2011 World economy has registered a clear rebound World GDP rebounded by +5,8% between Q1- and Q2-. with a strong upturn of world
More informationNews Release Tupperware Brands Corp S. Orange Blossom Trail Orlando, FL 32837
News Release Tupperware Brands Corp. 14901 S. Orange Blossom Trail Orlando, FL 32837 Investor Contact: James Hunt (407) 826-4475 Tupperware Brands Reports Second Quarter 2017 Results Significant Restructuring
More informationFourth Quarter and Full Year 2017 Financial Results February 19, 2018
Fourth Quarter and Full Year 2017 Financial Results February 19, 2018 Trademark of Trinseo S.A. or its affiliates Introductions & Disclosure Rules Introductions Chris Pappas, President & CEO Barry Niziolek,
More informationINVESTOR PRESENTATION JANUARY 2018
INVESTOR PRESENTATION JANUARY 2018 0 FORWARD-LOOKING STATEMENTS Forward-Looking Statements This presentation contains forward-looking statements that are subject to risks and uncertainties. All statements
More informationVEOLIA ENVIRONNEMENT
VEOLIA ENVIRONNEMENT FORM 20-F (Annual and Transition Report (foreign private issuer)) Filed 04/16/14 for the Period Ending 12/31/13 Address BANK OF NEW YORK 101 BARCLAY STREET 22ND FLOOR NEW YORK, NY,
More informationFIRST-HALF FISCAL 2016 RESULTS. April 14, 2016
FIRST-HALF FISCAL 2016 RESULTS April 14, 2016 FORWARD-LOOKING INFORMATION This presentation contains statements that may be considered as forward-looking statements and as such may not relate strictly
More informationGCL Holdings Group. Company presentation 1Q 2014 results
GCL Holdings Group Company presentation 1Q 2014 results Alessandria, May 29, 2014 Forward-looking Statements This presentation may include, and the Company and its representatives may from time to time
More informationHalf-year results Six months ended 30 th June The Trusted Partner. Adrian Ringrose, Chief Executive Tim Jones, Group Finance Director
Half-year results Six months ended 30 th June 2010 The Trusted Partner Adrian Ringrose, Chief Executive Tim Jones, Group Finance Director 10 August 2010 Overview H1 2010: trading in line with expectations
More information1 st Half 2009 Revenue and Results
1 st Half 2009 Revenue and Results Resilience in sales and net profit 2009 objectives maintained Air Liquide, world leader in gases for industry, health and the environment July 30, 2009 Agenda Introduction
More informationAXA. Henri de Castries. Chairman & CEO. London - October 2, Sanford C. Bernstein Strategic Decisions Conference
AXA Henri de Castries Chairman & CEO London - October 2, 2013 Sanford C. Bernstein Strategic Decisions Conference Cautionary note concerning forward-looking statements Certain statements contained herein
More informationRevenues 2,829 2, % -0.8% -2.7% EBITDA % -7.4% -7.4% EBITDA / Revenues 15.4% 16.5%
SUEZ ENVIRONNEMENT 1 RUE D ASTORG 75008 PARIS, FRANCE TEL +33 (0)1 58 18 43 05 FAX +33 (0)1 58 18 51 68 WWW.SUEZ-ENVIRONNEMENT.COM PRESS RELEASE April 29, 2009 Good revenues resilience at 2,829m EBITDA
More informationSteady top line growth in a mixed market
Steady top line growth in a mixed market Orders and revenues increased 1, orders steady to higher in all regions Operational EBITDA 2 and margin lower vs Q2 2011, margin up 1% point vs Q1 2012 Thomas &
More informationFirst estimate for 2011 Euro area external trade deficit 7.7 bn euro bn euro deficit for EU27
27/2012-15 February 2012 First estimate for 2011 Euro area external trade deficit 7.7 152.8 deficit for EU27 The first estimate for the euro area 1 (EA17) trade in goods balance with the rest of the world
More informationSUPPLEMENT DATED 18 JUNE 2012 TO THE BASE PROSPECTUS DATED 22 MAY 2012 VEOLIA ENVIRONNEMENT EURO 16,000,000,000 EURO MEDIUM TERM NOTE PROGRAMME
SUPPLEMENT DATED 18 JUNE 2012 TO THE BASE PROSPECTUS DATED 22 MAY 2012 VEOLIA ENVIRONNEMENT (Established as a société anonyme in the Republic of France) EURO 16,000,000,000 EURO MEDIUM TERM NOTE PROGRAMME
More information2011 First Quarter Results Jean-Jacques Gauthier
Granulats et Béton - Afrique du Sud, stade Moses Mabhida 2011 First Quarter Results Jean-Jacques Gauthier May 5, 2011 Disclaimer This document may contain forward-looking statements. Such forward-looking
More informationH Results. July 26th, 2018
H1 2018 Results Disclaimer This presentation contains estimates and/or forward-looking statements and information. These statements include financial projections, synergies, estimates and their underlying
More informationBrazil. Results January 30 th, 2014
Brazil Results 2013 January 30 th, 2014 Important information Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements within the meaning of the US Private
More informationONTARIO ENERGY REPORT Q3 2018
ONTARIO ENERGY REPORT Q3 JULY SEPTEMBER OIL AND NATURAL GAS Regular Gasoline and Diesel Provincial Retail Prices ($/L) Regular Gasoline $1.3 Diesel $1.9 Source: Ministry of Energy, Northern Development
More informationAgenda. 1. Highlights FY 2012 Results. 2. Operational Performance Priorities for Financials. 5. Conclusion
1MARCH 2013 Legal Disclaimer Information in this presentation may involve guidance, expectations, beliefs, plans, intentions or strategies regarding the future. These forward-looking statements involve
More informationFY 2016 results. April 4, 2017
FY 2016 results April 4, 2017 Speakers of the day Sébastien CLERC Chief Executive Officer Joined Voltalia in 2011 Marie de LAUZON Chief Administrative Officer Joined Voltalia in 2014 27 years of experience
More informationASX Commodities: Grains
Commodities: Grains July 215 Kristen Hopkins Disclaimer This material contains information only. The information is for education purposes only and any advice should be sought from a professional adviser.
More informationBusiness & Financial Services December 2017
Business & Financial Services December 217 Completed Procurement Transactions by Month 2 4 175 15 125 1 75 5 2 1 Business Days to Complete 25 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 217 Procurement
More informationA Step Change in Sales with Improved Performance Airgas Synergies Ahead of Plan
Full Year 2017 Results A Step Change in Sales with Improved Performance Airgas Synergies Ahead of Plan Paris, 15 February 2018 Agenda 1. Highlights 2. 2017 performance 3. 2018 priorities and outlook 2
More informationFinancial Information
Financial Information H1 revenues reached 12.8bn up 9.8%, flat org. in Q2 Adj. EBITA reached 1.6bn, up 6.4%, Adj. EBITA margin flat excl. Invensys in a challenging environment 2015 targets: Around flat
More informationPeru: Capital Market and Infrastructure Themes
Latin America Capital Markets Origination August, 214 Peru: Capital Market and Infrastructure Themes John Greenwood Peru Market Themes Macroeconomic Stability and Growth 1 2 Macro Fundamentals Micro Fundamentals
More informationOPERATING AND FINANCIAL REVIEW
>>>>-- VEOLIA ENVIRONNEMENT Société anonyme with a share capital of 2,816,824,115 Registered office: 21 rue La Boétie 75008 Paris 403 210 032 RCS PARIS OPERATING AND FINANCIAL REVIEW Condensed Interim
More information