Bureau Veritas Sa · EURONEXT:BVI

Bureau Veritas Sa — Q1 2015 Earnings Presentation

21 slides from Bureau Veritas Sa's earnings presentation, May 5, 2015

  1. Slide 1: Q1 2015 Trading Update

    Q1 2015 TRADING UPDATE May 5, 2015 © Copyright Bureau Veritas / May 5, 2015 / p 1

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking statements which are based on current plans and forecasts of Bureau Veritas’ management. Such forward- looking statements are by their nature subject to a number of important risk and uncertainty factors such as those described in the Document de

  3. Slide 3: Agenda: Highlights

    Agenda HIGHLIGHTS Business review 2015 Outlook Q&A Appendix © Copyright Bureau Veritas / May 5, 2015 / p 3

  4. Slide 4: Q1 2015 Revenue up 19.1%

    Q1 2015 Revenue up 19.1% (in EUR millions) +8.5% 1,106.4 +6.2% 3,933.1 +4.4% 929.0 +10.6% Q1 2014 Organic Acquisitions Currencies Q1 2015 © Copyright Bureau Veritas / May 5, 2015 / p 4

  5. Slide 5: Organic growth by business

    Organic growth by business % Group Q1 2015 Organic Acquisitions revenue Marine & Offshore 9% +13.7% +14.9% Commodities 17% +6.3% +5.6% Consumer Products 13% +5.1% +2.3% Industry 23% +4.6% +3.6% Certification 7% +4.5% - IVS 13% +1.1% +3.3% Construction 12% +0.5% +18.1% GSIT 6% (0.7)% +7.6% Total Grou

  6. Slide 6: Organic growth by geography

    Organic growth by geography Q1 2015 vs % Group Organic % Q4 2014 Europe 32% +5.1% Asia Pacific 28% +4.0% Americas 28% +2.3% Middle East, Africa, Eastern Europe 12% +7.2% Total Group 100% +4.4% © Copyright Bureau Veritas / May 5, 2015 / p 6

  7. Slide 7: Agenda: Business review

    Agenda Highlights BUSINESS REVIEW 2015 Outlook Q&A Appendix © Copyright Bureau Veritas / May 5, 2015 / p 7

  8. Slide 8: Marine & Offshore

    Marine & Offshore Revenue evolution Q1 2015 Highlights (EUR m) +8.0% 98.9 In-service (58% of revenue) +14.9% +13.7%  Fleet up 7.6% in GT 10.8 72.4  Special surveys FY 14 New construction (42%)  New order intake slowdown  Market share gains in equipment certification Q1'14 Organic Acquis. Currenc

  9. Slide 9: Industry

    Industry Revenue evolution Q1 2015 Highlights (EUR m) +9.4% 258.8  Oil price impact: Americas +4.6% +3.6% 220.0  Europe favorable comps, good performance in the Middle East  Asia-Pacific stable: Prelude completed, Yamgaz first contribution  Acquisitions: DTI (USA), Q1'14 Organic Acquis. Currenci

  10. Slide 10: In-Service Inspection & Verification

    In-Service Inspection & Verification Revenue evolution Q1 2015 Highlights (EUR m)  France improving 140.8 129.6 +1.1% +3.3% +4.2%  UK new contracts ramp up  US development for key accounts FY 14  Development in the Middle East  Canada impacted by delays in O&G remediation work Q1'14 Organic Acq

  11. Slide 11: Construction

    Construction Revenue evolution Q1 2015 Highlights (EUR m)  Improved mature/fast growing mix +6.8% 132.0  France challenging +18.1% 105.3 +0.5%  Growth in Latin America and the FY 14 Middle-East (Riyadh)  China slowdown for O&G projects  Acquisition of Shandong Chengxin (China), good performance

  12. Slide 12: Certification

    Certification Revenue evolution Q1 2015 Highlights (EUR m) +4.7% 80.7  Good performance of QHSE 73.9 +4.5% schemes (ISO 9K, 14K, 18K), Supply chain management schemes (TS-Auto), and training FY 14 services  Recovery in Europe and in the Americas, Asia still impacted by Q1'14 Organic Currencies Q1'

  13. Slide 13: Commodities

    Commodities Revenue evolution Q1 2015 Highlights (EUR m) Good performance across portfolio +9.0% 189.8 +6.3% +5.6%  Resilient Oil & Petrochemicals 157.0  Strong growth in M&M trade, Agri FY 14  Stabilization in M&M upstream, new outsourcing contracts  Acquisitions: Maxxam, Analysts, Andes Contro

  14. Slide 14: Consumer Products

    Consumer Products Revenue evolution Q1 2015 Highlights (EUR m)  Strong growth in Softlines with US +17.3% 140.8 key accounts 112.9 +5.1% +2.3%  Toys & Hardlines stabilization FY 14  E&E high comps vs Q1 2014  Focus on China • New labs: regional expansion and new categories (Auto) Q1'14 Organic A

  15. Slide 15: Government Services & International Trade

    Government Services & International Trade Revenue evolution Q1 2015 Highlights (EUR m) +4.7% 64.6  Excellent performance in DRC +7.6% and in the Middle East 57.9  Challenging in Iraq (0.7)% FY 14  New VOC in Zimbabwe  Start up of Single Window contracts in Togo and Armenia  Quiktrak acquisition

  16. Slide 16: Agenda: 2015 Outlook

    Agenda Highlights Business review 2015 OUTLOOK Q&A Appendix © Copyright Bureau Veritas / May 5, 2015 / p 16

  17. Slide 17: Outlook

    Outlook The Group reiterates its outlook for 2015  In 2015, Bureau Veritas expects a slight improvement in organic growth over 2014, as weak Oil&Gas market conditions should be balanced by growth in other end-markets.  The operating margin should also improve moderately thanks to ongoing operation

  18. Slide 18: Agenda: Q&A

    Agenda Highlights Business review 2015 Outlook Q&A Appendix © Copyright Bureau Veritas / May 5, 2015 / p 18

  19. Slide 19: Appendix

    Agenda Highlights Business review 2015 Outlook Q&A APPENDIX © Copyright Bureau Veritas / May 5, 2015 / p 19

  20. Slide 20: Ownership as of March 31, 2015

    Ownership as of March 31, 2015 1.1% Treasury shares Wendel 40.0%* 57.0% Managers and employees 1.9% Free float * As of March 31, 2015, Wendel held 56.13% of the theoretical voting rights © Copyright Bureau Veritas / May 5, 2015 / p 20

  21. Slide 21: Revenue by main currency

    Revenue by main currency Q1 2015 Revenue by functional Q1 2015 vs Q1 2014 variations @ currency average rates Other Euro 18% 28% USD 21.6% KRW 2% CNY 19.0% COP 2% AUD 6.7% ARS 2% CAD 8.2% JPY BRL 0.5% 2% CLP GBP 11.4% 3% CAD CLP 7.6% 4% COP (1.2)% GBP 4% AUD USD (and JPY 5.0% 4% BRL correlated) KRW

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