Thales Sa · EURONEXT:HO
Thales Sa — 9M 2011 Earnings Presentation
17 slides from Thales Sa's earnings presentation, Nov 8, 2011
Slide 1: Revenues and orders at 30 September 2011
Revenues and orders at 30 September 2011 8 November 2011 nov 2011
Slide 2: Business environment
2 / Business environment Thales transformation is on track… Continued focus on project execution, rollout of new operational processes Probasis progressing as planned 50% completed by end 2011 Pursuing portfolio optimisation, strengthening international presence … in a volatile environment Commercia
Slide 3: Key figures at 30 September 2011
3 / Key figures at 30 September 2011 in €m 9m 2011 9m 2010 change Q3 2011 Q3 2010 change reported organic reported organic Order intake 8,455 7,384 +15% +15% 3,214 2,240 +43% +44% Revenues 8,614 8,661 -0.5% 0% 2,646 2,706 -2% -1% Book-to bill ratio 0.98 0.85 1.21 0.83 Strong growth in order intake (
Slide 4: Order intake by business
4 / Order intake by business in €m 9m 2011 9m 2010 change reported organic Defence & Security 4,784 3,702 +29% +29% Aerospace & Transport 3,635 3,646 -0% +1% Other 36 36 +0% +1% Total 8,455 7,384 +15% +15% Defence & Security: rise underpinned by Indian Mirage 2000 upgrade Aerospace & Transport: comm
Slide 5: Order intake by geographical area of origin
5 / Order intake by geographical area of origin in €m 9m 2011 9m 2010 change reported organic Area A 2,330 2,440 -5% -4% Area B 1,528 1,627 -6% -6% France 4,597 3,314 +39% +39% Other 3 Total 8,455 7,384 +15% +15% Area A: UK orders down as budget cuts are implemented Area B: Italy impacted by lower s
Slide 6: Selected key orders
6 / Selected key orders Total +15% €8,455m Unit value over €100m Total €7,384m Mirage 2000 upgrade (India) €2,016m €504m "Balard" project – new MoD complex (France) €2,470m €2,017m Galileo (ESA) Air defence systems (Middle East) Other orders QE-class aircraft carriers (UK) €4,410m €4,422m Bushmaster
Slide 7: Revenues by business
7 / Revenues by business in €m 9m 2011 9m 2010 change reported organic Defence & Security 4,737 4,896 -3% -3% Aerospace & Transport 3,820 3,717 +3% +4% Other 57 48 Total 8,614 8,661 -0.5% 0% Aerospace & Transport growth offsets Defence & Security decrease nov 2011
Slide 8: Revenues by geographical area of origin
8 / Revenues by geographical area of origin in €m 9m 2011 9m 2010 change reported organic Area A 2,943 3,023 -3% -2% Area B 1,721 1,745 -1% -1% France 3,950 3,890 +2% +2% Other 3 Total 8,614 8,661 -0.5% 0% Area A: down on the back of lower UK orders Area B: overall stable revenues France: slight gro
Slide 9: Objectives
9 / Objectives A book-to-bill ratio around 1 Underpinned by emerging markets Slightly growing revenues Leveraging a balanced activity portfolio EBIT(*) A consolidated objective of 5% in 2011 after restructuring charges of up to 1.5% Rising to 6% in 2012 after restructuring charges of about 1% FY obj
Slide 10: Annexes
Annexes nov 201 THALES
Slide 11: Upcoming events
11 / Upcoming events FY11 revenues 7 February 2012 FY11 results 6 March 2012 AGM 15 May 2012 nov 2011
Slide 12: Order intake by destination
12 / Order intake by destination change in €m 9m 2011 9m 2010 reported organic France 1,939 1,530 +27% +27% Middle RoW East 4% UK 542 802 -32% -31% France 7% Rest of Europe 2,001 2,142 -7% -7% 23% Europe 4,482 4,474 +0% +0% Asia-Pacific North America 871 880 -1% +1% 26% UK 6% Asia-Pacific 2,180 970
Slide 13: Revenues by destination
13 / Revenues by destination change in €m 9m 2011 9m 2010 reported organic France 2,239 1,848 +21% +21% Middle RoW East 4% UK 1,024 1,091 -6% -4% 7% France Rest of Europe 2,218 2,245 -1% -2% 26% Asia-Pacific Europe 5,481 5,184 +6% +6% 15% North America 865 912 -5% -3% Asia-Pacific 1,288 1,213 +6% +5
Slide 14: Order intake Q3 2011
14 / Order intake Q3 2011 in €m Q3 2011 Q3 2010 change reported organic Defence & Security 2,253 1,096 +106% +106% Aerospace & Transport 945 1,132 -17% -16% Other 16 12 Total 3,214 2,240 +43% +44% in €m Q3 2011 Q3 2010 change reported organic Area A 677 674 +0% +2% Area B 582 560 +4% +4% France 1,95
Slide 15: Revenues Q3 2011
15 / Revenues Q3 2011 in €m Q3 2011 Q3 2010 change reported organic Defence & Security 1,449 1,495 -3% -2% Aerospace & Transport 1,180 1,198 -2% +0% Other 17 13 Total 2,646 2,706 -2% -1% in €m Q3 2011 Q3 2010 change reported organic Area A 934 950 -2% +1% Area B 543 561 -3% -3% France 1,169 1,195 -2
Slide 16: Details of reporting structure
16 / Details of reporting structure FY2009 reporting structure* Reporting structure since 2010* Aerospace/Space Defence & Security Space Space Avionics (commercial and military) Communications and C4I systems Defence & In-flight entertainment IT security (cyber) Security C4I Electronic warfare Aeros
Slide 17: www.thalesgroup.com THALES - 45, rue de Villiers – 92526 Neuilly-sur-Seine Cedex – France This
www.thalesgroup.com THALES - 45, rue de Villiers – 92526 Neuilly-sur-Seine Cedex – 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