Cheuvreux Technology and IT Day

Similar documents
Deutsche Bank 2007 European Technology Conference. Nicolas Dufourcq, CFO September 13, 2007

2007 Full Year Financial Results

UBS - French Equity Conference

2014 Half Year Results. Paris, July 31 st, 2014

2016 Full Year Results Building on its 2016 performance, Capgemini strengthens its growth strategy in Digital and Cloud

Credit Suisse 2008 Euro Tech Conference

2017 Full Year Results

First Half 2006 results. Paris, 7 September 2006

First Quarter 2005 Revenues. Analysts meeting Paris, 4 May 2005

April 21, sodexo.com

First Quarter Interim Management Statement. 11 April 2011

2007 Revenue and Results. 2007: strong increase in results Strengthened growth momentum. February 15 th, 2008

Property & Casualty workshop

Second Quarter & First Half Year Results 2015 Neil McArthur, Chief Executive Officer Renier Vree, Chief Financial Officer July 29, 2015

Capgemini records an excellent performance in 2017 with growth acceleration fueled by Digital and Cloud

Capgemini reports strong Q3 and raises its growth target for 2018

Financial Information

Property & Casualty: Accelerating Profitable Growth

Profitable Growth Through Financial Leadership

FY2017 Earnings presentation. Landis+Gyr June 5, 2018

Our Transformation Continues. March 21, 2018

Capgemini growth accelerates in Q1 2018

Worldline H Results Worldline. Presentation to Investors September 2018

JPMorgan Basics and Industrials Conference

BAML Conference - Miami

Our Transformation Continues Sidoti NDR May 29-30, 2018

Strategic Review ELIOR GROUP Develop, Innovate, Accelerate. September 24, 2015

AXA 2016 HALF YEAR EARNINGS. Press Conference. Paris - August 3, 2016

Nilfisk Financial Results 2017 Webcast presentation - February 28

2013 Interim Results. 14 August 2013

2016 FULL YEAR EARNINGS

Ambition AXA Investor Day June 1, 2011 Life & Savings in mature markets Jacques de Vaucleroy

June 30, 2013 INTERIM FINANCIAL REPORT CONSOLIDATED FINANCIAL STATEMENTS

Analysts Meeting Q Bernard Charlès, President and CEO Thibault de Tersant, Senior EVP, CFO

technicolor.com 7 JUNE 2018

Performance for the. S. Gopalakrishnan Chief Executive Officer and. S. D. Shibulal Chief Operating Officer

Financial Overview. Leslie Varon

Financial Information

Half Year Earnings Press conference August 2, 2018

Excellent 2016 results, net income +22% yoy Well on track for Altran Ignition

Full Year 2017 Earnings. Press Conference February 22, 2018

ASSA ABLOY is the global leader in door opening solutions, dedicated to satisfying end-user needs for security, safety and convenience.

Allianz Group: First Half of 2015

2012 Annual Results Stanislas de Bentzmann Co-CEO

ZEBRA TECHNOLOGIES FIRST QUARTER 2016 RESULTS May 10, 2016

Driving Efficiency by Transforming Biopharmaceuticals Commercial Operations

PRESS RELEASE FIRST HALF 2004 RESULTS: UNDERLYING EARNINGS: UP 32% TO EURO 1.4 BILLION (37% AT CONSTANT EXCHANGE RATES 1 )

2017 First Quarter Business Review

2012 FULL-YEAR RESULTS

Making Our Mark Outside of North America

IBM 4Q 2017 Earnings. January 18, ibm.com/investor

Disclaimer. Aviva plc

S O C I E T E G E N E R A L E

BIC GROUP 9 MONTHS 2012 RESULTS. Regulatory News: BIC (Paris:BB):

STAR Conference. 6 th October 2016, London

Fiscal st Quarter Revenues. January 11, 2018

Annual General Meeting of Shareholders

AXA. Jean-Laurent Granier. Chairman & CEO of AXA Global P&C CEO of the Mediterranean and Latin American Region Member of the Management Committee

Elis 2017 annual results MARCH 7, 2018

FIRST-HALF FISCAL 2016 RESULTS. April 14, 2016

First quarter results demonstrate resilience of ING s portfolio of businesses

Q3FY17/18 Earnings Announcement

Fiscal Year st Quarter Earnings Conference Call

press release 9M 2009 Activity Indicators Trends in line with 1H09 Resilient revenues Positive insurance net inflows Enhanced Solvency

AXA HALF YEAR 2016 EARNINGS. Presentation. August 3, 2016

Electrocomponents 2017 half-year financial results. 18 November 2016

Capital Markets Day Europe Materials

Wipro Limited. January March Presentation to Investors 2015 WIPRO LTD

Results for Quarter III FY

Brambles reports results for the half-year ended 31 December 2017

Financial results & business update. Quarter ended 30 September October 2016

Credit Suisse 6 th Annual Industrials Conference November 2018

Investor Deck December 2018

Allegion Second-Quarter 2016 Results. July 28, 2016

QUARTERLY UPDATE FOR THE THREE MONTHS ENDED 31 MARCH 2017

Adecco delivers on gross margin improvements and cost cuts

Lenovo Group Limited. 2008/09 Q3 Results. February 5, Lenovo

Overview. September 2018

AVIVA plc Interim results 2005

Financial Release June 30, 2018

Full Year Results 2014/15. Analysts Conference November 4, 2015

BNP Paribas Securities Services

Investor Presentation. August 2014

ASX Announcement FY2017 RESULTS

Coface H Results: Operating income up 17.5% and net income at 20.2m Improving guidance for 2017: net loss ratio 3pts better, at below 58%

KINGSPAN 2017 INTERIM RESULTS 18TH AUGUST 2017

Full Year 2011 Earnings Press conference

Finansforeningens Virksomhedsdag 2015 ISS. Heine Dalsgaard, CFO June 2015

[Expenses Recorded by Subsidiaries in Europe for the Shift toward Digital Business] (1)Overview of Subsidiaries Affected Company name Fujitsu Technolo

Hexaware Reports First Quarter 2019 results

2009 HALF-YEAR RESULTS

FOCUS ON EDF EN Analyst Group Lunch Meeting - 6 July 2017

The Manitowoc Company

Growth accelerates in Q3 2017, notably in North America

FY15/16 Earnings Announcement

Watts Water Technologies 4Q and FY 2017 Earnings Conference Call

Q in brief. Strong organic sales development. Electromechanical products up 30% Strong EBIT growth of 12%

July 26, 2017 LafargeHolcim Ltd 2015

Q2FY17/18 Earnings Announcement

Financial results for year ended 30 June 2013 INVESTOR PRESENTATION

Transcription:

Nicolas DUFOURCQ, CFO March 3 rd, 2009 Capgemini is fully equipped to face the downturn 2008: a solid performance predicted and delivered Meeting our guidance on growth and margin, despite a challenging environment 4th consecutive year of growth and margin improvement An exceptional balance sheet, even after BAS acquisition Significant deals signed in all disciplines Offshore demand higher than ever, confirming our i 3 strategy Maturity of our Global Delivery Model A leader in Rightshore amongst western players Market conditions continuing to soften in early 2009, but sustainable demand for outsourcing, offshore and ADM (Application Development & Maintenance) Our objectives: market share gains and margin protection Focus on client centricity: consulting managed globally and multi discipline collaboration Industrialization with a global IM unit (Infrastructure Management) and innovation to develop offers adapted to the downturn Experienced management team able to spot problems and respond immediately 2009 Capgemini. All rights reserved 2 1

2008 was an outstanding year 12% +11 pts Operating Margin (semester view) 10% 8% 6% 4% 4.7% 4.8% 6.8% 6.1% 8.6% 7.6% 9.5% 2% 0% -2% 04 04 0.6% 05 1.8% 05 06 06 07 07 08 08-4% -1.5% 2009 Capgemini. All rights reserved 3 FY 2007 Rest of Europe, Asia & Latin America France & Morocco 23.8% 19.4% 14.1% 19.4% Sustained momentum and market share gains in Continental Europe North America 23.3% UK & Ireland At constant rates and perimeter Rest of Europe, Asia & Latin America France & Morocco 23.8% 19.9% 15.0% 19.2% North America 22.1% UK & Ireland Benelux Current Current Organic M FY 07 FY 08 FY 08 / FY 07 FY 08 / FY 07 North America 1 721 1 668-3.1% 3.4% France & Morocco 1 971 2 077 5.4% 5.4% UK & Ireland 2 230 1 922-13.8% -0.5% Benelux 1 168 1 303 11.6% 11.6% Benelux FY 2008 Rest of Europe, Asia & Latin America 1 613 1 740 7.8% 7.8% TOTAL 8 703 8 710 0.1% 5.0% 2009 Capgemini. All rights reserved 4 2

and a solid book-to-bill (M ) Q4 CS / TS / LPS Q4 Bookings Revenues BBR North America 173 228 0.76 Rest of the world 1 428 1 243 1.15 TOTAL 1 601 1 471 1.09 FY CS / TS / LPS FY Bookings Revenues BBR North America 1 108 1 019 1.09 Rest of the world 5 113 4 689 1.09 TOTAL 6 221 5 708 1.09 At budget rates and constant perimeter 2009 Capgemini. All rights reserved 5 Strong profitability and balance sheet M FY 2007 2008 2008 FY 2008 FY 2008 vs FY 2007 Revenues 8 703 4 374 4 336 8 710 0.1% Operating expenses -8 063-4 042-3 924-7 966 Operating Margin 640 332 412 744 (% Revenues) 7.4% 7.6% 9.5% 8.5% + 1.1 pts Other operating income & expense -147-44 -114-158 Operating profit 493 288 298 586 (% Revenues) 5.7% 6.6% 6.9% 6.7% + 1.0 pt Finance expense, net -7-15 -4-19 Income tax expense -48-42 -74-116 Share in profit of equity-accounted 2 - - - companies Profit for the period 440 231 220 451 (% Revenues) 5.1% 5.3% 5.1% 5.2% Net cash and cash equivalents (end of period) Number of employees (end of period) 889 533 774 774 83 508 86 487 91 621 91 621 + 5% in Organic 2009 Capgemini. All rights reserved 6 3

All disciplines contributed to the improvement Consulting Services Technology Services Local Professional Services CS / TS / LPS FY 2007 2008 2008 FY 2008 10.5% 8.9% 12.0% 9.9% 13.3% 9.2% 11.5% 10.4% 12.3% 11.2% 14.3% 12.2% 12.8% 10.2% 12.9% 11.3% Outsourcing Services 4.7% 4.7% 6.2% 5.4% Total Operations (1) 8.0% 8.4% 10.1% 9.2% GROUP 7.4% 7.6% 9.5% 8.5% (1) before headquarters expenses At current rates and perimeter 2009 Capgemini. All rights reserved 7 Same strategy, expanding our offshore locations Focus on Rightshore, building the Global Delivery Model 67, 900 9,000 58,900 Headcount evolution 83, 500 20,000 63,500 + 26.4% + 1% 91, 620 25,275 2,165 BAS 64,180 Offshore ratio 36.3% (*) India 20,555 + 21 % Poland 3,020 + 37 % Latin America 905 New! China 575 + 6% Morocco 220 More than X2 31/12/06 31/12/07 31/12/08 Offshore Onshore (*) exc. CS and Sogeti 2009 Capgemini. All rights reserved 8 4

But Q4 shows a deceleration FY 08 / FY 07 Q4 08 / Q4 07 Consulting Services 2.4% -6.7% Technology Services 4.1% 4.9% Local Professional Services 9.1% 4.2% CS / TS / LPS 5.2% 3.2% Outsourcing Services 4.6% 3.3% TOTAL GROUP 5.0% 3.3% At constant rates and perimeter 2009 Capgemini. All rights reserved 9 Which appears in the Management Cockpit Utilization Onshore, FS excluded 15 29 In % of external revenue, total Group(*) 15.8% 84.2% Units falling outside the boundary Other units Units falling outside the boundary: units 2pts below last year for 2 consecutive months Units falling outside the boundary Other units (*) % calculated on total Group revenue, 23.3% on P&C revenue, FS excluded Prices Onshore, FS excluded 5 In % of external revenue, total Group(*) 5.4% 39 94.6% Units falling outside the boundary Other units Units falling outside the boundary: units 3% below last year level for 2 consecutive months Units falling outside the boundary Other units (*) % calculated on total Group revenue, 7.9% on P&C revenue, FS excluded 2009 Capgemini. All rights reserved 10 5

Leading to a continued deceleration in Q1 09 Revenue decline between - 1% and - 2% (Organic) Consulting Services Technology Services Local Professional Services Outsourcing Services Estimated revenue growth -7.0% -1.0% -0.5% -2.0% Growth in billed hours -1.2% + 4.2% + 2.1% - 2009 Capgemini. All rights reserved 11 Outsourcing represents 35% of Group revenues in 2008 Innovative and global offerings A global Infrastructure Management practice to leverage industrialization and better serve global clients Google Aps partnership - desktop solution portfolio extension for real-time collaboration for mobile workers Could Computing in partnership with Amazon Impressive wins in 2008 compensating the EFH amicable 5.4% ending Total (France) 4.7% Avon (NA, Consumer goods) Coca Cola Enterprises 3.1% (NA) Warner Bros (NA) Immigratie- en Naturalisatiedienst (NL, Public) EFH debooking 1,149M in Q4 O8 Growing pipeline An increasing profitability + 30.6% 6565 6% Operating Margin 5,4% 5026 4% 4,7% Dec 07 Dec 08 in M 2% 3,1% 2006 2007 2008 2009 Capgemini. All rights reserved 12 6

Very good momentum on two resilient sectors Our strengths Opportunities Public Sector 17% in 01 > 26.3% in 08 2nd largest sector in the Group Strong expertise Industry know-how Attractive Rightshore model Increasing government funding despite turbulence New initiatives in the US Emerging geographies: China, India, Middle East Energy Utilities Chemicals 11% in 01 > 13.3% in 08 Strong reference deals in hot offerings Significant breakthrough in China Government (inc. US) and EU fundings to invest in infrastructures to improve security of supply and meet climate change objectives A need for EUC companies to improve their performance 2009 Capgemini. All rights reserved 13 Cyclical activities under close control Our strengths The way we leverage it in 09 Capgemini Consulting Globally managed accounts Multi-discipline deals development by leveraging CxO level contacts Large part of business in public sector in UK and France Focus on downturn services offering Cost reduction, restructuring, Accelerate on key sectors Public Sector, Energy Utilities, Life Sciences, Insurance Financial Sector Domain expertise Global account management Complementarity with ex-kanbay competencies Operational excellence to optimize utilization globally Expand in new zones China, Australia, Canada, India Push offers linked to the sector concentration (Rightshore, BPO, ) Gain share while our clients rationalize their providers Sogeti Outstanding 08 results with clear market share gains 2 key partnerships: Microsoft and IBM Strong leadership in the fast growing Testing market Agile model and operations excellence Aggressive sales plans and push of Testing with offshore capabilities Focus on technologies like Virtualization 2009 Capgemini. All rights reserved 14 7

All Group units moving to leverage further offshore in 2009 Offshore penetration (*) per units 65% 65% 56% 49% 53% 54% Organizational adjustments to boost transformation and ensure tight management 24% 33% 17% 27% 15% 10% 5% 8% 35% 30% Financial Services & APAC Outsourcing TS North America * Billable offshore headcount/ total billable headcount TS North TS Nordic & West Europe Central Europe TS South Europe Sogeti GROUP excluding CS Year end 2008 Year end 2009 2009 Capgemini. All rights reserved 15 Tackle 2009 with a strong sales focus to gain market share 1 2 3 Market appetite for Outsourcing, ADM and offshore leverage Slowdown of discretionary IT spendings, consulting engagements Stronger appetite for costs saving programs, offshore and ADM Opportunities remaining in big transformation projects Increasing demand for outsourcing Innovation Technovision Centers of excellence: ERP, Testing, Rain Rapid Design and Visualization method Rightshore Delivery Platforms Cross discipline fertilization boost 6 Country Boards in main countries led by top managers Strategic accounts selected by each Country Board Dedicated Account plans to support and generate more wins A 70M additional sales costs envelope 2009 Capgemini. All rights reserved 16 8

Margin protection is core to 2009 Continue to boost Rightshore as the role model for the Group, including for consulting Onshore headcount decline A wide range of levers Additional reduction onshore support functions costs, travels, internal activities New procurement savings program launched in September 08 Reduce subcontractors Very selective salary increase Additional restructuring envelop prepared 2009 Guidance modest revenue decline compared to 08 limited impact on operating margin (6.5% worst case) 2009 Capgemini. All rights reserved 17 Nicolas DUFOURCQ, CFO March 3 rd, 2009 9