Worldline Sa · EURONEXT:WLN
Worldline Sa — Investor Day (2021)
15 slides from Worldline Sa's investor day presentation, 2021
Slide 1: Investor Day 2021
Investor Day 2021 | © Worldline
Slide 2: Disclaimer
Disclaimer This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group's expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These r
Slide 3: 2024 financial trajectory
2024 financial trajectory Eric Heurtaux, Group Chief Financial Officer Lisa Coleman, Group Head of Operational Performance Investor Day 2021 | © Worldline
Slide 4: 2021 guidance – basis of preparation
2021 guidance – basis of preparation From 2020 former scope to 2020 continued operations – TSS accounted in “Asset Held for Sale” 2020 REVENUE 2020 OMDA €4,742m (1,304) €1,133m (340) €3,438m €793m 23.9% 23.1% 2020 PF TSS 2020 PF 2020 PF TSS 2020 PF former scope* de-scoping continued former scope* de
Slide 5: 2021 guidance
2021 guidance FORMER 2021 GUIDANCE* 2021 GUIDANCE REITERATED** (including TSS) (continued operations excluding TSS) Revenue At least mid-single digit growth At least 6% organic growth c. +200 bps improvement above 200 bps improvement OMDA (vs proforma OMDA margin of 23.9%) (vs proforma OMDA margin o
Slide 6: 3-year plan 2022-2024 – Key mid-term drivers
3-year plan 2022-2024 – Key mid-term drivers GROWTH DRIVERS OMDA DRIVERS Accelerated growth MS double-digit Accelerated growth and operating leverage Stabilizing FS growth mid-single Synergies delivery MTS sustained mid to high-single digit Techno advantage FCF DRIVERS CAPITAL ALLOCATION OMDA increa
Slide 7: 2024 financial trajectory – Revenue building blocks
2024 financial trajectory – Revenue building blocks 2022-24 growth Strong growth acceleration 9-11% organic CAGR driven by Merchant Services MS: double-digit growth c. €5.2bn SMBs market share gains GSV competitive differentiators Mid to high single digit Digital commerce geo expansion c. €3.9bn gro
Slide 8: 2024 financial trajectory – OMDA building blocks
2024 financial trajectory – OMDA building blocks c. +15% organic CAGR Strong margin improvement > 400bps in margin OMDA driven by operating leverage c.75% of OMDA c. €1.5bn expansion Costs derived from synergies operating 25% leverage Slight improvement in OMDA margin Revenue c. €1.0bn synergies c.
Slide 9: Rapid transformation approach with SMART project
Rapid transformation approach with SMART project A key lever to accelerate operating leverage NextGen SMART levers supporting c.50% of Worldline operating leverage Contract & Product Review Practice Real Estate inc Plan New ways of working Workforce Planning X-shore optimisation Move to Cloud (M2C)
Slide 10: Ingenico and SIX Payment Services integration on-track
Ingenico and SIX Payment Services integration on-track Proven track-record allowing faster integrations SPS INGENICO (excl. TSS) Strong and experienced €110m objective by 2022 €230m objective by 2024 confirmed integration program confirmed o.w. c.€200m OMDA synergies 70% synergies delivered by end 2
Slide 11: 2024 financial trajectory – illustrative FCF generation
2024 financial trajectory – illustrative FCF generation Steady OMDA/FCF conversion Steady conversion c. 50% during the period Strong cash flow generation driven by OMDA improvement c.500 (80-120) 20-50 (120-150) Capex acceleration to 5% to 7% supporting growth acceleration c. €0.8bn Integration cost
Slide 12: 2024 financial trajectory – illustrative deleveraging profile
2024 financial trajectory – illustrative deleveraging profile Strong deleveraging profile Net debt divided by 2 Strong deleveraging profile Limited cash out c. €800m c. €2.0bn from ongoing acquisitions c. €2.5bn FCF contribution as main driver No change in dividend policy c. €1.3bn Leverage ratio be
Slide 13: M&A opportunity potential
M&A opportunity potential Illustration based on proven track-record Added M&A replicating same 2017-20 Hypothesis OMDA achievements contribution based on Replicating at least 2017-2020 3-y plan Worldline proven track record guidance c. €2.0bn (c. €400m OMDA acquired) c. €1.5bn Strong firepower for c
Slide 14: By 2024: Organic Growth, OMDA Margin, FCF, Deleverage
By 2024 Organic Growth OMDA Margin Acceleration Improvement Steady FCF Strong Generation Deleverage Premium value creation for all stakeholders Investor Day 2021 | © Worldline
Slide 15: Thank you
Thank you For more information, please contact: Laurent Marie Group Head of Investor Relations M +33 7 84 50 18 90 [email protected] Benoit D’amécourt Deputy Head of Investor Relations M +33 6 75 51 41 47 [email protected] Investor Day 2021 | © Worldline