Worldline Sa · EURONEXT:WLN
Worldline Sa — H1 2015 Earnings Presentation
27 slides from Worldline Sa's earnings presentation, 2015
Slide 1: Third Quarter 2014
Third Quarter 2014 Thursday, November 6 2014
Slide 2: Disclaimer
Disclaimer ● This document contains further forward-looking statements that involve risks and uncertainties concerning the Group's expected growth and profitability in the future. Actual events or results may differ from those described in this document due to a number of risks and uncertainties tha
Slide 3: Third Quarter 2014
Third Quarter 2014 Thursday, November 6 2014
Slide 4: H1 2015 key figures
H1 2015 key figures €595.0m €108.7m +4.1% organic 18.3% +56 bp €1.8b € 64.2m €264.5m 1.5 years +11.8% of revenue vs H1 2014 4
Slide 5: H1 2015 key messages
H1 2015 key messages H1 2015 fully in line with the full year ambition Strong progress in the execution of the Group’s expansion plans Recognition of Worldline’s innovation and enhanced financial market visibility Productivity improvements and efficiency gains delivered (TEAM) “Comprehensive” rating
Slide 6: 2015 Objectives confirmed
2015 Objectives confirmed Revenue 4% to 5% organic growth OMDA +c.50 bp vs. 2014 Free € 120m to € 125m Cash Flow 6
Slide 7: Third Quarter 2014
Third Quarter 2014 Thursday, November 6 2014
Slide 8: Constant scope and exchange rate figures reconciliation
Constant scope and exchange rate figures reconciliation Scope and FX effects Performance Summary Exchange H1 2014 H1 2015 Organic In € million rates H1 2014* statutory actuals change effect Revenue 556.4 15.0 571.4 595.0 4.1% OMDA 99.1 2.1 101.2 108.7 7.4% OMDA% 17.8% 17.7% 18.3% +0.56 pt * At June
Slide 9: Performance per Global Business Line
Performance per Global Business Line Revenue OMDA OMDA % In € million H1 2015 H1 2014* % Growth H1 2015 H1 2014* H1 2015 H1 2014* Merchant Services & Terminals 193.5 184.9 +4.6% 33.9 37.6 17.5% 20.3% Financial Processing & Software Licensing 200.5 197.2 +1.7% 48.7 46.9 24.3% 23.8% Mobility & e-Trans
Slide 10: Merchant Services & Terminals
Merchant Services & Terminals Merchant Services & Terminals In € million H1 2015 H1 2014* Change Revenue 193.5 184.9 +4.6% OMDA 33.9 37.6 OMDA% 17.5% 20.3% -2.8pt * At June 2015 constant scope and average exchange rates Key facts ▶ Sustained growth in Commercial Acquiring; ▶ Confirmed dynamics of Pa
Slide 11: Financial Processing & Software Licensing
Financial Processing & Software Licensing Financial processing & Software Licensing In € million H1 2015 H1 2014* Change Revenue 200.5 197.2 +1.7% OMDA 48.7 46.9 OMDA% 24.3% 23.8% +0.5pt * At June 2015 constant scope and average exchange rates Key facts ▶ Strong growth in Online Banking Services; ▶
Slide 12: Mobility & e-Transactional Services
Mobility & e-Transactional Services Mobility & e-Transactional Services In € million H1 2015 H1 2014* Change Revenue 201.0 189.3 +6.2% OMDA 35.4 24.1 OMDA% 17.6% 12.7% +4.9pt * At June 2015 constant scope and average exchange rates Key facts ▶ Double-digit growth in e-Consumer & Mobility with severa
Slide 13: Income statement
Income statement Key Observations 6 months 6 months • Staff reorganization (In € million) ended ended related to costs induced 6/30/2015 6/30/2014 by the implementation of the new organization. Operating Margin before Depreciation and 108.7 99.1 Amortization (OMDA) • Rationalization expenses Operati
Slide 14: Cash flow statement
Cash flow statement Key Observations 6 months 6 months (In € million) ended ended • Investment is in line 6/30/2015 6/30/2014 with the multi-year plan. Operating Margin before Depreciation and 108.7 99.1 Amortization (OMDA) Capital expenditures (32.8) (31.0) • 2014 tax payment Change in working capi
Slide 15: Simplified balance sheet
Simplified balance sheet 6 months 6 months 12 months (In € million) ended ended ended 6/30/2015 6/30/2014 12/31/2014 Goodwill 381.5 370.7 374.8 Intangible assets 116.5 89.6 105.0 Tangible assets 67.0 73.0 72.6 Non-current financial assets 11.4 4.7 9.0 Net deferred tax assets 43.8 48.3 47.3 Total non
Slide 16: Third Quarter 2014
Third Quarter 2014 Thursday, November 6 2014
Slide 17: Merchant Services & Terminals Business Highlights
Merchant Services & Terminals Business Highlights Action plan & operational objectives Key achievements • Further deployment of our SmartPay International acquiring with our “Payer Malin” offer in Belgium to enable payment institution license mobile payment in store, with 5 other retail customers no
Slide 18: Financial Processing & Software Licensing Business Highlights
Financial Processing & Software Licensing Business Highlights Action plan & operational objectives Key achievements • Extension of Worldline’s partnership Gain scale and unify platforms with Fexco to provide DCC (Dynamic Currency Conversion) in ATMs across Europe. • Worldline’s HCE mobile payment so
Slide 19: Mobility & e-Transactional Services Business Highlights
Mobility & e-Transactional Services Business Highlights Action plan & operational objectives Key achievements Go to market • Enhancement of Worldline’s Increase focus around end-to-end vertical “connected objects” offerings digital businesses through a partnership with Transatel, aiming at reducing
Slide 20: TEAM program on track in H1
TEAM program on track in H1 Main achievements to date • New sales operating • Build of global Production Boost sales model Infrastructure virtualized infrastructure & optimize & Customer contract services margin • Sales force globalization • Definition of new global realignment customer service mode
Slide 21: WIPE program
WIPE program: A more globally integrated and optimized processing platform Unique approach on Wallet, HCE, and gradual convergence on Fraud, Issuing and Acquiring back-office, Authorization & Switching, managed by newly created Shared Centres Standardization on non-functional requirements to improve
Slide 22: Confirmed market trends for payment security
Confirmed market trends for payment security: Towards cloud and software based solutions validation fingerprint proximity HCE VISA & 4 pilot banks connected multi-devices risk engine adaptive authentication electronic signature voice and face fingerprint partnerships browser geolocalisation fingerpr
Slide 23: Trusted Authentication Future in progress
Trusted Authentication Future in progress 23
Slide 24: Third Quarter 2014
Third Quarter 2014 Thursday, November 6 2014
Slide 25: One year after the IPO: Key strategic priorities confirmed
One year after the IPO: Key strategic priorities confirmed Maintain strong priority to international deployment of innovative solutions Pursue innovation and R&D for next generation of payments and added-value services Continue transforming the company through the TEAM program Take advantage of the
Slide 26: Third Quarter 2014
Third Quarter 2014 Thursday, November 6 2014
Slide 27: Thanks
Thanks For more information please contact: David Pierre-Kahn Head of Investor Relations T +33 1 34 34 90 66 M+ 33 6 28 51 45 96 [email protected]