THALES Goldman Sachs 7th Annual European Industrials Conference London 30 November 2015

Transcription

1 THALES Goldman Sachs 7th Annual European Industrials Conference London 30 November

2 Recent events Major supervision and signalling contract for London Underground Acquisition of Vormetric creates global leader in data protection Australia selects Hawkei Thales added to Dow Jones Sustainability Europe and World indices 2

3 9m and Q key figures m change 9m m 2014 Q Q change total organic total organic Order intake 10,312 7, % +32% 4,088 2, % +74% Sales 9,131 8,414 +9% +4% 2,785 2,719 +2% 0% Book-to-bill ratio Strong level of order intake Confirmed top line organic growth 3

4 9m 2015 main orders Orders > 100m +37% 10,312m London Underground signalling (UK) Rafale (Egypt) 7,539m 982m 2,203m 3,340m 2,141m Doha metro signalling (Qatar) Euclid scientific satellite (ESA) Muscat and Salalah airport security (Oman) Hong Kong metro signalling Scout SV land systems (UK) Q3 orders 4,354m 4,831m Cosmo-SkyMed 2 nd generation (Italy) CERES (France) 4 9m m 2015 Unit value > 100m 10m < Unit value < 100m Unit value < 10m Other orders Exomars programme (ESA) Communication systems (Asia) IFE systems (Middle East)

5 Sustained order intake growth in Middle East and Asia Emerging markets 2.3bn Middle East 10% RoW 6% France 21% Emerging markets 3.2bn Middle East 19% RoW 3% France 18% Asia 14% Australia/ NZ 8% North America 9% 9m 2014 Other European countries 23% UK 9% Asia 9% Australia/ NZ 6% North America 8% 9m 2015 Other European countries 20% UK 17% EM order intake: +42% year-on-year 5

6 Aerospace: 9m 2015 key figures m 9m m 2014 change total organic Order intake 3,151 3,155 0% -5% Sales 3,584 3,283 +9% +2% Lower orders in Space after strong intake in 2014 Top line growth driven by commercial avionics 6

7 Transport: 9m 2015 key figures m 9m m 2014 change total organic Order intake 2, % +192% Sales % -3% Record level of order intake (London, Qatar, Hong Kong) Sales start to improve 7

8 Defence & Security: 9m 2015 key figures m 9m m 2014 change total organic Order intake 4,642 3, % +28% Sales 4,636 4,237 +9% +6% Strong order intake growth (Egyptian Rafale, civil security) Continued sales growth 8

9 2015 objectives Order intake Sales EBIT (a) Growing beyond the high level reached in 2014 Higher emerging markets contribution Low single digit growth 1,130-1,150 m (b) Objectives confirmed 9 (a) Non-GAAP measure: see definition in appendix (b) Based on foreign exchange rates as of February 2015

10 Appendix

11 Upcoming events Interim dividend ex-date 9 December 2015 Interim dividend payment 11 December annual results 24 February 2016 (before market) Order intake and sales at 30 March May 2016 (before market) 11

12 Q order intake by segment m Q Q total change organic Aerospace 1,302 1, % +17% Transport 1, % +588% Defence & Security 1,489 1, % +43% Other 7 13 Total 4,088 2, % +74% 12

13 Q sales by segment m Q Q total change organic Aerospace 1,073 1,067 +1% -4% Transport % +3% Defence & Security 1,407 1,364 +3% +2% Other Total 2,785 2,719 +2% 0% 13

14 9m 2015 sales by destination m 9m m 2014 total change organic France 2,255 2,291-2% -2% United Kingdom % -7% Other European countries 1,829 1,823 0% -1% Europe 5,012 5,019 0% -2% North America 1, % +3% Australia/NZ % -3% Asia 1,189 1,123 +6% +1% Middle East % +59% Rest of the world % +23% Emerging markets 2,539 2, % +21% Asia 13% Australia/ NZ 6% Middle East 10% N America 12% RoW 4% 9m 2015 Other European countries 20% France 25% UK 10% Total 9,131 8,414 +9% +4% 14

15 Thales shareholding structure June 2015 Free float 48.9% o/w Employees 1.9% French State (a) 26.1% Dassault Aviation 25.0% 15 (a) French State shares are held directly and indirectly through TSA, a 100% state-owned holding company

16 Definition of non-gaap measures This presentation contains non-generally Accepted Accounting Principles (GAAP) financial measures. Thales regards such non-gaap financial measures as relevant operating and financial performance indicators for the Group, as they allow non-operating and nonrecurring items to be excluded. Thales definitions for such measures may differ from similarly titled measures used by other companies or analysts. Organic: at constant scope and exchange rates. Book-to-Bill ratio: ratio of orders received to sales. EBIT: income from operations; plus the share of net income or loss of equity affiliates less: amortisation of intangible assets acquired (PPA) Emerging Markets: All countries in Middle East, Asia, Latin America and Africa Adjusted net income: net income, less the following elements, net of the corresponding tax effects: (i) amortisation of intangible assets acquired, (ii) disposal of assets, change in scope of consolidation and other, (iii) change in fair value of derivative foreign exchange instruments (recorded in "other financial results" in the consolidated accounts), (iv) actuarial gains or losses on long-term benefits (accounted within the "finance costs on pensions and employee benefits" in the consolidated accounts). Adjusted EPS: ratio of adjusted net income (as defined above) to average number of shares outstanding. Free Operating Cash Flow: net cash flow from operating activities, less: capital expenditures, less: deficit payments on pensions in the United Kingdom. 16

17 Thales Tour Carpe Diem 31 Place des Corolles Paris La Défense France This presentation may contain forward-looking statements. Such forward-looking statements are trends or objectives, as the case may be, and shall not be construed as constituting forecasts regarding the Company s results or any other performance indicator. These statements are by nature subject to risks and uncertainties as described in the Company s registration document ("Document de référence") filed with Autorité des Marchés Financiers. These statements do not therefore reflect future performance of the Company, which may be materially different.