Sword Group Se · EURONEXT:SWP
Sword — H1 2003 Earnings Presentation
28 slides from Sword's earnings presentation, September 2003
Slide 1: S1 2003 presentation
UPGRADE YOUR BUSINESS S1 2003 presentation Page 1 2003 first semester presentation
Slide 2: Upgrade your business: agenda
UPGRADE YOUR BUSINESS 1. About SWORD Group 2. Activities 3. Clients 4. Breakdown by country 5. Industrial approach 6. Breakdown by activity 7. Breakdown by service and by client 8. S1-2003 accounts 9. Growth and profit 10. Outlook 11. Shareholding 12. Dividends 13. Schedule 14. Appendices Page 2 200
Slide 3: 1. About SWORD Group
1. about SWORD Group chairman and founder : Jacques MOTTARD 523 employees as at 30/06/2003 listed on Euronext Paris New Market since 13/03/2002 segment Next Economy Isin code : FR0004180578 FTSE sector : 972 – IT services SBF 250 classified as an innovative enterprise for venture capital funds (FCPI
Slide 4: 2. Activities (1) positions of leader
2. Activities (1) > positions of leader Consulting : leader in Change Management on international large accounts : EXXON MOBIL, BECTON DICKINSON... STP : international leader in anti-money laundering solutions (report published by CELENT, july 2003) ECM / DM : leader in France in the Filenet field l
Slide 5: 2. Activities: Consulting
2. activities specialist - international - industrial (2) CONSULTING 23% change management 11% > project example MINISTRY OF DEFENCE (UK) EXXON MOBIL > main competitor KPMG business consulting 12% > project example GIE CARTES BANCAIRES RENAULT > main competitor COGESYS – CAP GEMINI Page 4 2003 first
Slide 6: 2. Activities: Content management
2. activities specialist - international - industrial (3) CONTENT MANAGEMENT 72% electronic document management 24% > project example MICHELIN EUROPEAN TELECOM OPERATOR > main competitor IBM geographical information systems 7% > project example ONIC CCI OF PARIS > main competitor IT services company
Slide 7: 2. Activities: Content management (business intelligence)
2. activities specialist - international - industrial (4) CONTENT MANAGEMENT 72% business intelligence 40% > project example DG AGRI (EU) YELLOW TELECOM > main competitor INTRASOFT INTERNATIONAL Page 6 2003 first semester presentation
Slide 8: 2. Activities: Straight through processing
2. activities specialist - international - industrial (5) STRAIGHT TRHOUGH PROCESSING 5% payment message repair > project example HSBC – SOCIETE GENERALE ABN AMRO > main competitor VIVEO COGNITIVE SYSTEM filtering > project example WESTPAC BANK (NZ) RIGGS BANK (USA) > main competitor PRIME ASSOCIATE
Slide 9: 3. Clients – top ten
3. clients – top ten (1) BECTON DICKINSON EDF - GDF BNP PARIBAS EUROSTAT CEGETEL EXXON MOBIL DG AGRI (EU) ROYAL SUN ALLIANCE DG TAXUD (EU) SECRETARIAT GENERAL (EU) the ten largest clients account for 35% of the sales the largest customer accounts for 8% of the sales Page 8 2003 first semester presen
Slide 10: 3. Clients - EDM / trademarks and patents
3. clients - EDM / trademarks and patents (2) National organisations Italie Singapour Afrique du Sud Lettonie Slovaquie Bruneï Lituanie Slovénie Bulgarie Malaisie Suède Egypte Maroc Suisse Estonie Norvège Thailande France Paraguay International organisations Hong Kong Pays-Bas OHMI Indonésie Philipp
Slide 11: 3. Clients - STP / watchlist
3. clients - STP / watchlist (3) South Africa USE (cont.) UK (cont.) SC Merchant Bank DZ Bank (NY) Fleet Boston Financial Canada HSBC Equator (CT) Luxembourg Caisse Centrale Desjardins Natexis BP (NY) EFG Banque Laurentienne du Canada Sumitomo Banking Trust (NY) Banque et Caisse de L’Etat Banque Nat
Slide 12: 4. Breakdown by country
4. Breakdown by country spécialiste - International - Industriel > Revenue breakdown Page 2 September 2003 - presentation
Slide 13: 5. Industrial approach
5. industrial approach specialist - international - industrial > software components > knowledge capitalisation > off-shore Page 11 2003 first semester presentation
Slide 14: 6. Breakdown by activity
6. Breakdown by activity > Revenue breakdown Page 3 September 2003 - presentation
Slide 15: 7. Breakdown by client type
7. Breakdown by client type > Revenue breakdown Page 4 September 2003 - presentation
Slide 16: 8. Semester accounts S1-2003
8. Semester accounts S1-2003 Accounts (same perimeter) 30/06/03 30/06/02 30/06/02 €m Pro-forma Consolidated Revenue 28.24 24.37 + 15.9 % 15.97 Operating profit 4.51 3.31 + 36.2 % 2.95 Operating margin (%) 16 % 13.6 % 18.4 % Net consolidated result (1) 2.67 1.79 + 49.2 % 1.61 Net consolidated margin
Slide 17: 9. Growth and profits (1)
9. Growth and profits (1) Page 5 September 2003 - presentation
Slide 18: 9. Growth and profit (2)
9. growth and profit (2) €K sales operating % net % Profit profit 2001 consolidated 23 093 3 952 17,10 2 321 10,00 2001 pro-forma 25 418 3 638 14,30 2 100 8,26 2002 organic growth 29 551 4 891 16,55 3 052 10,32 2002 consolidated 33 441 5 486 16,40 3 778 11,29 2002 pro-forma 47 815 6 159 12,88 3 911
Slide 19: 10. Outlook
10. outlook pipeline as at 30/06/2003 : 8 months 2003 budget at a constant scope : € 56 m 2002 pro-forma net income per share (real) : € 3,07 2003 pro-forma net income per share without acquisition (budgeted) : € 4,41 2003 bugeted acquisitions : € 13 m Page 14 2003 first semester presentation
Slide 20: 11. Shareholding: breakdown of shares
11. shareholding > breakdown of shares public 35,39% J.Mottard 30% FCPR 21 développement 32,74% IPO : 42€ Page 20 Q1 - 2003
Slide 21: 12. Dividends
12. dividends > attribution of a dividend of € 0,75 by action (out tax credit) on May 2, 2003 after agreement of the ordinary general assembly of April 30, 2003. Page 15 2003 first semester presentation
Slide 22: 13. Schedule
13. schedule publications : 09/10/03 : third-quarter 2003 sales 14/01/04 : forth-quarter 2003 sales 08/03/04 : annual 2003 accounts other events: 23 & 24/09/03 : SWORD Group is taking part in the NEXTECONOMY NEXTPRIME EVENT at the Palais Brongniart - Paris 30/04/03 : annual shareholder meeting at SW
Slide 23: 14. Appendices
14. Appendices > FCPI agrement > income statement and balance sheet > CELENT report > financial advice Page 17 2003 first semester presentation
Slide 24: Qualification pour les Fonds Communs de Placement dans l'Innovation (FCPI)
QUALIFICATION pour les Fonds Communs de Placement dans |’Innovation (FCPI) Vu la loi de Finance pour 1997 et notamment son article 102, Vu la loi de Finances rectificative pour 1997, Vu Ia loi de Finances pour 1999 et notamment son article 94, Vu Ia loi du 12 juillet 1999 sur innovation et la recher
Slide 25: SWORD Group consolidated income statement
SWORD GROUP CONSOLIDATED en K€ INCOME STATEMENT Current Year Current Year 30/06/2003 31/12/2002 Turnover 28 242 33 441 Cost of Sales 16 949 22 288 GROSS PROFIT 11 293 11 153 Other Operating Expenses 6 137 4 486 Depreciation / Amortization 644 1 181 OPERATING PROFIT 4 512 5 486 NET INTEREST PAYABLE -
Slide 26: SWORD Group consolidated balance sheet
SWORD GROUP CONSOLIDATED en K€ BALANCE SHEET: Current Year Current Year 30/06/2003 31/12/2002 Treasury stock 83 94 Cash 2 197 5 552 Accounts Receivable (net) 20 014 13 721 CURRENT ASSETS 22 295 19 367 Other Current Assets 3 026 2 815 TOTAL CURRENT ASSETS 25 320 22 182 Tangible Assets 1 163 1 257 Int
Slide 27: Ranking the Vendors of Anti-Money Laundering Solutions (Celent)
Tokyo, Japan July 11, 2003 Ranking the Vendors of Anti-Money Laundering Solutions Report Published by Celent Celent estimates that between 2003 and 2005, banks, broker-dealers and insurance carriers in the US will spend an estimated total of US$632.2 million on anti-money laundering software solutio
Slide 28: SWORD Group 2003 first semester results
September 8, 2003 press release SWORD Group 2003 first semester results • A 76,8% increase M€ S1 2003 S1 2002 S1 2002 in consolidated pro-forma Ì consolidated Ì sales (2003 perimeter) • Confirmation of Sales 28,24 24,37 + 15,9% 15,97 + 76,8% 2003 objectives Operating 4,51 3,31 + 36,2% 2,95 + 52,9% p