Cegedim SA · EURONEXT:ALCGM
Cegedim SA — FY2024 Earnings Presentation
17 slides from Cegedim SA's earnings presentation, Mar 27, 2025
Slide 1: FY 2024 Earnings
FY 2024 Earnings March 27, 2025
Slide 2: The Big Picture
The Big Picture Recurring Exceptional Revenue Operating items Income (REBIT) 654.5m€ +38.5m€ 39.5m€ (28.4)m€ (11.7)m€ +6.3% +4.7% 2024 2023 reported Like-for-Like +24.7% +7.8m€ Net Income Net debt Group Share Operating FCF Excl. IFRS 16 (14.7)m€ 101.8m€ 184.5m€ (7.3)m€ +3.9m€ +27.3% +39.6m€ © Cegedi
Slide 3: FY P&L
FY P&L En millions d’euros 2024 2023 Change % Changem€ Revenue 654.5 616.0 +6.3% +38.5 Purchase used (29.6) (28.5) +3.6% (1.1) External expenses (143.8) (138.5) +3.8% (5.3) Payroll costs (349.8) (331.7) +5.5% (18.1) Others (7.8) (8.3) (6.4)% +0.5 EBITDA 123.6 108.8 +13.5% +14.8 EBITDA margin 18.9% 1
Slide 4: Payroll costs
Payroll costs Payroll costs Headcount Offshore +5.5% +1.2% +18.1m€ +77 employees Offshore 29,7% 6 582 +198 (121) 6 659 349,8 M€ 331,7 M€ Inshore 70,3% 2023 2024 © Cegedim 2025 4
Slide 5: R&D Investment
R&D Investment Impact on Recurring Capitalized R&D D&A of R&D Operating Income (REBIT) +1.7% +14.8% +0.9m€ +5.9m€ 55.6m€ 56.5m€ Capitalized R&D +0.9m€ D&A of R&D (5.9)m€ Impact on Recurring 45.9 (5.0)m€ 40.0 Operating Income (REBIT) 2023 2024 2023 2024 © Cegedim 2025 5
Slide 6: Free Cash Flow
Free Cash Flow En millions d’euros 2024 2023 Net income, Group share (14.7) (7.4) Net Debt Depreciation and amortization expenses and provisions 93.4 84.0 Cost of net financial debt 20.9 11.9 Share of earnings from equity method companies ; tax Operating Cash flow before cost of net expenses 11.1 11
Slide 7: Financing
Financing Financing December 31, 2024 Covenant December 31, 2024 Status Limit Drawn Total amount Maturity Bank Loan 180.0m€ 180.0m€ 2031 Leverage 1.67 < 2.50 (Dettes/Ebitda) Shareholder loan 45.1m€ 45.1m€ 2031 RCF - 50.0m€ 2029 Interest cover 10.16 > 4.50 (Ebitda/ debt interests) © Cegedim 2025 7
Slide 8: Balance sheet
Balance sheet Assets Shareholders equity & liabilities In million euros 2024 2023 In million euros 2024 2023 Goodwill 235.7 199.8 Shareholder equity 282.5 294.6 Intangible assets 191.4 194.2 Tangible assets 144.7 138.6 Long-term financial debt 223.8 188.5 Financial assets 20.0 20.6 Other non-current
Slide 9: Software & Services
Software & Services 47% 307.8m€ REBIT 5.1m€ of FY 2024 revenue Revenue REBIT margin 1.7% 2024 2024 Recurring 307.8m€ Revenue REBIT Operating Change +1.8% reported REBIT margin (1.2)% LfL Income 2024 / 2023 (REBIT) Cegedim 80.2m€ +4.8% reported 2024 2023 M€ % 2024 2023 Santé (7.1)% LfL in million eur
Slide 10: Flow
Flow 15.3% 100.3m€ REBIT 12.5m€ of FY 2024 revenue Revenue REBIT margin 12.4% 2024 100.3m€ 2024 Revenue +7.3% reported REBIT +7.2% LfL Recurring Change Operating REBIT margin 2024 / 2023 58.5m€ Income (REBIT) +5.6% reported e-business +5.3% LfL Assurance, RH, 2024 2023 M€ % 2024 2023 Pharmacies & in
Slide 11: Data & Marketing
Data & Marketing 19.3% 125.9m€ REBIT 16.5m€ of FY 2024 revenue Revenue REBIT margin 13.1% 2024 125.9m€ 2024 Revenue +9.6% reported REBIT +9.6% LfL Recurring Change 65.5m€ Operating REBIT margin 2024 / 2023 Data +1.6% reported Income (REBIT) +1.6% LfL Assurance, RH, Pharmacies & 2024 2023 M€ % 2024 2
Slide 12: BPO
BPO 12.6% 82.7m€ REBIT 7.2m€ of FY 2024 revenue Revenue REBIT margin 8.7% 2024 82.7m€ 2024 Revenue +15.8% reported REBIT +15.8% LfL Recurring Change Operating REBIT margin 2024 / 2023 60.0m€ Income (REBIT) Insurance +20.2% reported BPO +20.2% LfL 2024 2023 M€ % 2024 2023 in million euros Total BPO 7
Slide 13: Cloud & Support
Cloud & Support 5.8% 37.8m€ REBIT (1.9)m€ of FY 2024 revenue Revenue REBIT margin (4.9)% 2024 37.8m€ 2024 Revenue +11.3% reported REBIT +11.3% LfL Recurring Operating Change REBIT margin Income 2024 / 2023 (REBIT) Cloud & 2024 2023 M€ % 2024 2023 Support in million euros Total Cloud & (1.9) (1.8) (0
Slide 14: Outlook 2025
Outlook 2025 Revenue Recurring Operating Income Like-for-Like growth in a 2 % to Expected to 4% range increase Disclosure: Based on currently available information. The Group does not provide earnings estimates or forecasts. © Cegedim 2025 14
Slide 15: Financial agenda
Financial agenda 2025 2025 2025 April 24 July 24 September 26 SFAF meeting 2025 after the market closes after the market closes 10 am First Quarter 2025 First Half Revenue Revenue Septembre 25 June 13 First Half Results Shareholders’ general meeting © Cegedim 2025 15
Slide 16: Q & A
w i Bis cegedim © Cegedim 2025 Q&A 16
Slide 17: Thank you for your attention
Thank you for your attention For more information [email protected]