Thales Sa · EURONEXT:HO
Thales Sa — Gemalto — FY2016 Earnings Presentation
19 slides from Thales Sa's earnings presentation, Mar 3, 2017
Slide 1: Full year 2016 results
Listen-only live audio webcast available from www.gemalto.com/investors Full year 2016 results March 3, 2017 Philippe VALLEE, CEO Jacques TIERNY, CFO
Slide 2: Disclaimer
Disclaimer This communication does not constitute an offer to purchase or exchange or the solicitation of an offer to sell or exchange any securities of Gemalto. This communication contains certain statements that are neither reported financial results nor other historical information and other stat
Slide 3: Basis of preparation
Basis of preparation Segment information The Mobile segment reports on businesses associated with mobile cellular technologies including Machine-to-Machine, mobile secure elements (SIM, embedded secure element) and mobile Platform & Services. The Payment & Identity segment reports on businesses asso
Slide 4: Overview
Philippe VALLEE - CEO Overview 4 Gemalto full year 2016 results 3 March 2017
Slide 5: Full year 2016 Highlights
Full year 2016 Highlights Full year revenue of €3.13 billion with an acceleration in fourth quarter revenue growth Platforms & Services revenue exceeded €1 billion, a year ahead of the current multi-year development plan Company gross margin increased by +155 basis points, to 40.5% Profit fr
Slide 6: Key figures from FY 2016 financial results
Key figures from FY 2016 financial results Revenue +1% €3,127m at historical rates = Gross profit +4% €1,266m 40.5% Gross margin +155bp Operating expenses +3% (€814m) (26.0%) OpEx ratio (61bp) Profit from operations +7% €453m 14.5% PFO margin +94bp Earnings per share (13%) €3.00 €2.09 IFRS Earnings
Slide 7: Gross margin improvement
Gross margin improvement 40.5% 40% 29.6% 7 Gemalto full year 2016 results 3 March 2017
Slide 8: Financial results
Jacques TIERNY - CFO Financial results 8 Gemalto full year 2016 results 3 March 2017
Slide 9: Adjusted income statement and IFRS
Adjusted income statement and IFRS Adjusted income statement Restructuring Fair value and adjustment Amortization Equity acquisitions All upon of intangible based related € in millions operations acquisitions assets compensation expenses IFRS FY 2016 Revenue 3,127 3,127 Profit from operations 453 IF
Slide 10: Key items of the cash flow statement
Key items of the cash flow statement Full Year Full Year € in millions 2016 2015 Cash generated by operating activities before changes in working capital 468 443 Net change in working capital (23) 65 Cash used in restructuring actions and acquisition related expenses (36) (29) Time de-correlated hed
Slide 11: Segment information
Jacques TIERNY - CFO Segment information 11 Gemalto full year 2016 results 3 March 2017
Slide 12: FY 2016 revenue composition
Charts not to scale FY 2016 revenue composition Main segment revenues Platforms & Services €1B revenue one year ahead +9% yoy FY €1,019m FY €898m (8%) Enterprise yoy Government FY €502m FY €460m Payment Mobile M2M 62% 38% 19% of total revenue 20% of total revenue 29% of total revenue 33% of total re
Slide 13: Payment & Identity – key financial information
Payment & Identity – key financial information Revenue Embedded software & Products revenue was up +3% at €1,180 million. Platforms € 1,948m & Services revenue came in at €768 million, up +19% compared to 2015 +9% (2015 FY: € 1,818m) Payment revenue came in at € 998million, +2% year-on-year Mo
Slide 14: Mobile – key financial information
Mobile – key financial information Revenue Embedded software & Products came in at €924 million € 1,174m SIM sales were lower by (19%) year-on-year. This was mainly due to the tail-end effect (8%) (2015 FY: € 1,279m) of the closure of a mobile payment venture in the United States, coupled with l
Slide 15: Moving forward
Philippe VALLEE - CEO Moving forward 15 Gemalto full year 2016 results 3 March 2017
Slide 16: Building on a unique combination of assets
Leveraging our assets to address new sets of customers needs Enterprise Gemalto Common Core Technologies Digital Drivers’ License Building on Authentication Government Pilot In the United States a unique Data Payment Protection Turn your smartphone into a secure car key Key combination Management Mo
Slide 17: Key trends for 2017
Key trends for 2017 Slight improvement in the mobile environment Start of the equipment phase for On Demand Connectivity platforms based on the latest GSMA specifications Continuing expansion for the Internet of Things Slower migration of payment cards in the United States Solid demand for
Slide 18: Outlook for 2017
Outlook for 2017 For 2017, Gemalto expects its profit from operations to be between €500 million and €520 million supported by positive trends in Government Programs, Machine-to-Machine, Enterprise and taking into account the adverse mobile environment and slower migration of payment cards in the Un
Slide 19: Gemalto
Gemalto Enabling trust in the digital world World Leader in Digital Security Markets in Strong Development Unique Technology Portfolio Blue Chip Customers Large Free Float and Robust Financials A Business Model with Strong Leverage on Growth 19 Gemalto full year 2016 results 3 March 2017