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Thales Sa — Q3 2013 Earnings Presentation
18 slides from Thales Sa's earnings presentation, Oct 24, 2013
Slide 1: Sales and order intake 9m and Q3 2013
Sales and order intake 9m and Q3 2013 24 October 2013 (c) Oct 2013
Slide 2: Q3 business environment
2 / Q3 business environment Draft 2014-2019 Defence Programming Law presented to French Parliament Overall stability of defence spending over the period Defence equipment spending up 1% p.a. Active pipeline of large prospects in emerging markets Space Defence Good progress of key projects Delivery o
Slide 3: Key financials
3 / Key financials change in €m 9m 2013 9m 2012 total organic Order intake 8,179 9,044 -10% -6% Sales 9,485 9,300 +2% +6% Book-to bill ratio 0.86 0.97 change in €m Q3 2013 Q3 2012 total organic Order intake 2,450 2,929 -16% -12% Sales 3,012 2,887 +4% +10% Book-to-bill ratio 0.81 1.01 Order intake we
Slide 4: Orders
4 / Orders Orders over €100m Total: €9,044m Total: €8,179m In-service support of naval sensors - SSOP (UK) Frigates life extension (Saudi Arabia) €1,482m Military communication network (France) €1,829m A400M simulation and training (UK) €2,543m Air defence systems (Middle-East) €1,938m Exomars (ESA)
Slide 5: Order intake by destination
5 / Order intake by destination change in €m 9m 2013 9m 2012 Order intake by destination total organic France 1,787 2,384 -25% -22% UK 1,061 517 +105% +114% RoW Middle 4% Other European countries 1,620 2,031 -20% -15% East France 14% 22% Europe 4,468 4,932 -9% -5% North America 680 916 -26% -25% Asi
Slide 6: Key financials by sector
6 / Key financials by sector Order intake Sales in €m 9m 2013 9m 2012 9m 2013 9m 2012 Aerospace 2,475 3,101 3,032 2,974 Transport 955 1,137 900 937 Defence & Security 4,209 4,210 4,654 4,627 DCNS 491 535 823 694 Other and discontinued activities 49 61 76 68 Total 8,179 9,044 9,485 9,300 (c) Oct 2013
Slide 7: Aerospace: 9m 2013 key figures
7 / Aerospace: 9m 2013 key figures in €m 9m 2013 9m 2012 change total organic Order intake 2,475 3,101 -20% -15% Sales 3,032 2,974 +2% +9% Orders down on tough comparables in Space and IFE Increasing sales driven by avionics (c) Oct 2013
Slide 8: Transport: 9m 2013 key figures
8 / Transport: 9m 2013 key figures in €m 9m 2013 9m 2012 change total organic Order intake 955 1,137 -16% -15% Sales 900 937 -4% -2% Progressive impact on sales of recent orders (c) Oct 2013
Slide 9: Defence & Security: 9m 2013 key figures
9 / Defence & Security: 9m 2013 key figures in €m 9m 2013 9m 2012 change total organic Order intake 4,209 4,210 -0% +3% Sales 4,654 4,627 +1% +3% Good resilience of order intake Sales growth driven by several multi-year contracts (c) Oct 2013
Slide 10: DCNS: 9m 2013 key figures
10 / DCNS: 9m 2013 key figures in €m 9m 2013 9m 2012 change total organic Order intake 491 535 -8% -9% Sales 823 694 +19% +19% Saudi frigate upgrade contract drives order growth Sales supported by FREMM frigates and submarines programmes (c) Oct 2013
Slide 11: 2013 objectives
11 / 2013 objectives excluding any exceptional export contract Orders slightly up Sales stable EBIT(a) up by 5% to 8% vs. 2012 (a) After restructuring and before purchase price allocation (“PPA”) impact Confirmation of FY13 guidance (c) Oct 2013
Slide 12: Annexes
Annexes (c) Oct 2013
Slide 13: Upcoming events
13 / Upcoming events 2013 annual results 19 February 2014 Capital Markets Day Q2 2014 Q1 2014 sales 24 April 2014 Annual General Meeting 14 May 2014 (c) Oct 2013
Slide 14: Sales by destination
14 / Sales by destination change in €m 9m 2013 9m 2012 Sales by destination total organic France 2,805 2,761 +2% +5% UK 1,072 1,077 -0% +4% Middle RoW Other European countries 1,761 1,880 -6% +0% East 4% 5% Europe 5,638 5,718 -1% +3% France Asia 30% 14% North America 1,044 939 +11% +12% Australia/NZ
Slide 15: Q3 2013 orders
15 / Q3 2013 orders Q3 2013 Q3 2012 change in €m total organic Aerospace 709 1,174 -40% -36% Transport 219 292 -25% -22% Defence & Security 1,215 1,192 +2% +8% DCNS 288 252 +15% +14% Other and discontinued activities 19 19 Total 2,450 2,929 -16% -12% (c) Oct 2013
Slide 16: Q3 2013 sales
16 / Q3 2013 sales Q3 2013 Q3 2012 change in €m total organic Aerospace 1,005 923 +9% +16% Transport 297 297 +0% +4% Defence & Security 1,426 1,438 -1% +4% DCNS 252 204 +23% +23% Other and discontinued activities 32 25 Total 3,012 2,887 +4% +10% (c) Oct 2013
Slide 17: 2013 reporting structure
17 / 2013 reporting structure Aerospace & Transport Defence & Security Defence & Defence Transportation Air Avionics Space Security Land Defence Mission DCNS Systems Operations C4I Systems Systems 2012 2013 Secure Transportation Communication Land & Air Defence Mission Avionics Space DCNS Systems an
Slide 18: Together. Smarter. Everywhere.
Together. Smarter. Everywhere. www.thalesgroup.com THALES - 45, rue de Villiers – 92526 Neuilly-sur-Seine Cedex – France This presentation may contain forward-looking statements. Such forward-looking statements represent trends or objectives, and cannot be construed as constituting forecasts regardi