Worldline Sa · EURONEXT:WLN
Worldline Sa — Q3 2014 Earnings Presentation
22 slides from Worldline Sa's earnings presentation, Nov 6, 2014
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: Q3 2014 highlights
Q3 2014 highlights Gilles Grapinet, Chief Executive Officer 3
Slide 4: Key figures for Q3 2014
Key figures for Q3 2014 1.4 year €284.6m of revenue +2.5% organic €1.6b €36.5m €184.3m 4
Slide 5: Key achievements: Merchant Services & Terminals
Key achievements Merchant services & Terminals • Through a partnership agreement with Alpha Card, launch of an integrated payment solution for • New Fraud service module within the Sips Belgium merchants including American Express e-payment gateway, with an intuitive and easy payment to use interfac
Slide 6: Key achievements: Financial Processing & Software Licensing
Key achievements Financial Processing & Software Licensing • Worldline will process MasterCard credit • Worldline’s SEPA compliant solution card transactions via the MasterPass e- MyBank is one of the first able to wallet for Sparda Bank Group. process eMandate and ePayment within the 34 European co
Slide 7: Key achievements: Mobility & eTransactional Services
Key achievements Mobility & eTransactional Services • Worldline joins EEBus to extend its • BSH Bosch und Siemens Hausgeräte connected home solutions GmbH chooses Worldline to connect customers’ home appliances • Govia Thameslink Railway Ltd– rail e-ticketing, UK (new logo) • DML, e-ticketing for fe
Slide 8: Objectives 2014
Objectives 2014 2014 Guidance 3 to 4% organic growth more likely Revenues at the lower end of the bracket +c.50 bps margin OMDA for 2014 vs. 2013 FCF c.€110m
Slide 9: Q3 2014 revenue
Q3 2014 revenue Bruno Vaffier, Chief Financial Officer 9
Slide 10: Constant exchange rates and scope reconciliation
Constant exchange rates and scope reconciliation Exchange Change Q3 2013 Scope Q3 2013* Q3 2014 in € million rates vs last combined effect PF CS actuals effect year Revenue 281.7 -3.3 -0.8 277.6 284.6 2.5% * Proforma at 2014 c onstant scope and exchange rates After elimination of Worldline intercomp
Slide 11: Q3 Revenue per GBL
Q3 Revenue per GBL Revenue Q3 In € million Q3 2014 Q3 2013* % Merchant Services and Terminals 90.7 88.5 2.5% Financial Processing and Software Licensing 99.0 98.8 0.2% Mobility and e-Transac tional Services 94.8 90.3 5.0% Total Group 284.6 277.6 2.5% * Proforma at 2014 constant scope and exchange ra
Slide 12: 9M Revenue per GBL
9M Revenue per GBL Revenue 9 months In € million YTD 2014 YTD 2013* % Merchant Services and Terminals 272.7 268.6 1.5% Financial Processing and Software Licensing 292.0 283.9 2.8% Mobility and e-Transac tional Services 276.2 269.3 2.6% Total Group 840.9 821.8 2.3% * Proforma at 2014 constant scope a
Slide 13: Cash flow and net cash position
Cash flow and net cash position 13
Slide 14: Industry trends
Industry trends Marc-Henri Desportes, General Manager
Slide 15: Industry is at a tipping point for mobile payments
Industry is at a typing point for mobile payments Driver : mass adoption Driver : client base WAVE 3 Driver : usage We are here WAVE 2 WAVE 1 Standalone wallets based on a specific usage 15
Slide 16: Worldline has all the assets to benefit from the three waves
Worldline has all the assets to benefit from the three waves • Owned central Wallet Platform 3 • Assets to build VAS • First references • Acceptance, processing behind • Merchant integration 2 • Terminals • Multiple references • Acceptance and processing behind • Portfolio to build end- to-end verti
Slide 17: Announcement with Visa EF on an HCE payment solution
Announcement with Visa EF on an HCE payment solution in partnership with major French banks • Leader in payment systems • Leader in mobile payment and • Major actor in NFC payment authentication solutions • Brand/Image • Innovation (award payforum) • Technology Cutting edge • Security • Industrial c
Slide 18: Key interlocking regulatory changes in Europe will accelerate mobile payment adoption
Key interlocking regulatory changes in Europe will be accelerators of the mobile payment adoption A cap on interchange fee of credit and debit cards Interchange regulations to come are already fostering new projects at MIF banks around digital payments (online/mobile) Timeline : Fee Cap : H1 2015
Slide 19: Conclusion
Conclusion Gilles Grapinet, Chief Executive Officer
Slide 20: Key take aways
Key take aways Growth in Q3 in line with plan Strong cash generation Well positioned to take advantage from the confirmed sector trends Benefits from the IPO materializing: brand visibility, industry recognition, employee motivation 20
Slide 21: Q&A session
Q&A session third quarter 2014
Slide 22: 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]