Econocom Group Se Class D · EURONEXT:ECONB
Econocom Group Se Class D — H1 2011 Earnings Presentation
22 slides from Econocom Group Se Class D's earnings presentation, Sep 1, 2011
Slide 1: 2011 Half-Year Results Information Meeting
2011 HALF-YEAR RESULTS INFORMATION MEETING – 1st SEPTEMBER 2011 Agenda SPEAKERS Jean-Louis Bouchard Chairman ECONOCOM Group Bruno Lemaistre Highlights of H1 2011 Managing Director 2011 HALF-YEAR RESULTS Chantal de Vrieze Priorities for H2 2011 Country Manager Benelux And beyond Olivier Aldrin Group
Slide 2: Econocom Group: European leader in B2B IT and telecoms infrastructure management
ECONOCOM GROUP THE EUROPEAN LEADER IN BUSINESS-TO-BUSINESS IT AND TELECOMS INFRASTRUCTURE MANAGEMENT Vidéo Groupe Econocom 2011 half‐year results Information meeting – 1st septembre 2011 2
Slide 3: A very satisfactory H1 2011
A very satisfactory H1 2011 Doubled in size Integration of ECS progressed quickly Continued to invest in innovation Sharp rise in recurring operating profit Bank loan paid off quickly. No bank debt at the end of June 5 HIGHLIGHTS OF H1 2011 CONFIRMATION OF THE SUCCESS OF THE COMBINED GROWT
Slide 4: Integration of ECS progressing swiftly
Integration of ECS progressing swiftly Q4 2010 2011 Operational building of the new group Operational optimisation 18 major integration focus groups Unified management launched and run Governing bodies set up IN PROGRESS Teams combined 200 key managers appointed IN PROGRESS Processes
Slide 5: Medical Business Unit and convertible bond issue
Deployment of the Medical Business Unit progressing quickly IT and Telecom expertise 2 years’ R&D with hospitals A dedicated offering: Ensure the medical staff can work more effectively Improve patient comfort Digital operating theatres Started in 2009 Started in H1 2011 8 operating theatres set up
Slide 6: Bank loan rapidly paid off
Bank loan rapidly paid off 28 Oct. 30 March 29 April 16 May 18 May 1st & 30 June 2010 2011 Acquisition First instalment Capital increase Final acquisition Convertible Acquisition debt of ECS from of the structured project cancelled price set bonds issued repaid Société Générale debt paid off €172 M
Slide 7: Revenue doubled
2011 HALF-YEAR RESULTS STRONG FINANCIAL PERFORMANCES: A REFLECTION OF THE GROUP’S NEW SIZE AND RIGOROUS MANAGEMENT Revenue doubled 764 Like-for-like economic performance (-3%) Sales efforts exceeded 361 expectations 346 Gradual relinquishment of non-strategic activities H1 2009 H1 2010 H1 2011
Slide 8: Sharp rise in recurring operating profit
Sharp rise in recurring operating profit 18.6(*) +74% 20% like-for-like growth 10.7 8.8 First effects of the operational synergies H1 2009 H1 2010 H1 2011 Recurring operating profit in €M – Consolidated data – IFRS (*) before depreciation and amortisation of ECS customer portfolio 15 Contributio
Slide 9: Balanced breakdown by country and income statement
Balanced breakdown by country of contribution in H1 2011 Consolidated data - Recurring operating Revenue IFRS profit France 367 4.9 Benelux 168 3.9 Italy 107 4.6 Northern and Eastern Europe 76 3.6 Spain 46 1.6 Total groupe 764 18.6 All areas are profitable France below its standard profitability
Slide 10: Balance sheet and cash-flow statement at June 2011
Balance sheet at 30 June 2011 Assets Liabilities Goodwill 137 123 Shareholders’ equity Other non-current assets 141 83 Non-current financial debts 50 Other non-current liabilities Total non-current assets 278 256 Equity and non-current liabilities Inventories 19 Clients 465 435 Trade payables Other
Slide 11: Priorities for H2 2011
PRIORITIES FOR H2 2011 MAINTAINING THE GOOD TREND Priorities for H2 2011 Achieve the annual financial targets Increase the group’s financial capacities Finalise the integration of ECS Consolidate the group’s position in the services market 2011 half‐year results Information meeting – 1st sep
Slide 12: Achieve the annual financial targets
Achieve the annual financial targets Revenue Recurring operating profit (*) 1,400 56 48 1,021 701 717 759 26 29 25 2007 2008 2009 2010 2011E 2007 2008 2009 2010 2011E Consolidated data – IFRS – in €M A promising start to the year (*) before amortisation and depreciation of ECS client portfolio 23 In
Slide 13: Finalise the integration of ECS
Finalise the integration of ECS H2 2011 2012 Operational optimisation Operational optimisation Unified management Finish combining the teams Processes optimised and tools Continue optimising processes and streamlined streamlining tools Commercial optimisation Commercial optimisation New approach to
Slide 14: And beyond: constantly anticipating market changes
AND BEYOND CONSTANTLY ANTICIPATING MARKET CHANGES Keeping apace with ever-changing IT infrastructures Value-add Consolidation Flexibility IT transformation and standardisation 1980/1990 2000/2010 2010/2015 Perception IT as a Cost Centre IT as a Service Centre IT as an Innovative Centre of IT Leasi
Slide 15: Anticipating changes in the terminal market
Anticipating changes in the terminal market +12% annual growth in the IT terminal market Worldwide sales in millions of units 108 294 300 69 17 +105%/year 350 385 380 290 280 2010 2011 2012 2013 2014 -5%/year Capitalising on convergence offerings Source: Gartner 29 Digital assets as a source of deve
Slide 16: Applying expertise to Smart Objects
Applying Econocom’s expertise to Smart Objects Today, billions of people are connected Tomorrow, tens of billions of objects will be connected 50 billions objects connected in 2020* *Source: Ericsson/La Tribune 31 CONCLUSION WHY BECOME AN ECONOCOM SHAREHOLDER? 2011 half‐year results Information meet
Slide 17: Conclusion: why become an Econocom shareholder
A very satisfactory H1 2011 Doubled in size Integration of ECS progressed quickly Continued to invest in innovation Sharp rise in recurring operating profit Bank loan paid off quickly. No bank debt at the end of June A promising first half year which will enable the group to maintain its f
Slide 18: Appendices
INFORMATION MEETING – 1st SEPTEMBER 2011 APPENDICES INFORMATION MEETING – 1st SEPTEMBER 2011 2011 half‐year results Information meeting – 1st septembre 2011 18
Slide 19: Econocom key figures and comprehensive offering
Europe’s leading provider of business-to-business IT and telecom infrastructures management ECONOCOM, key figures ECONOCOM TODAY 3,700 employees 20,000 clients Present in 17 countries €1,400 M annual revenue 37 ECONOCOM’s comprehensive offering Assisting companies in controlling and upgrading their
Slide 20: Strong European presence
Strong European presence Established in 17 countries Belgium, Czech Republic, France, Germany, Ireland, Italy, Luxembourg, Morocco, Netherlands, Poland, Romania, Slovakia, Spain, Switzerland, UK, + China and the United States The ability to work with key accounts on an international scale 39 V
Slide 21: Growth accelerators and stock market information
Growth accelerators Enterprise solutions as a way to win new customers For your IT fleet For your printer fleet For your telecom fleet To minimise procurement Migration An « A to Z » solution costs and lead times to Windows 7 for SMEs For your data centers For your tablets 41 Stock market informatio
Slide 22: Financial contacts
Financial contacts Galliane Touze Company Secretary [email protected] Jérôme Fabreguettes-Leib Investor Relations +33 1 77 35 04 36 [email protected] Nicolas Bouchez PR +33 1 77 35 04 37 [email protected] 43 2011 half‐year results Information meeting – 1st septembre 2011 22