Bureau Veritas Sa · EURONEXT:BVI
Bureau Veritas Sa — Q3 2013 Earnings Presentation
24 slides from Bureau Veritas Sa's earnings presentation, Nov 6, 2013
Slide 1: Q3 Trading Update
2013 Q3 TRADING UPDATE November 6, 2013
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
Slide 3: Agenda
Agenda HIGHLIGHTS BUSINESS REVIEW OUTLOOK Q&A APPENDICES
Slide 4: Sami Badarani, Chief Financial Officer – Highlights
Sami Badarani Chief Financial Officer HIGHLIGHTS BUSINESS REVIEW OUTLOOK Q&A APPENDICES
Slide 5: A balanced portfolio of businesses
A balanced portfolio of businesses 9M 2013 Revenue By business By geography GSIT Marine 7% 8% Americas Europe Consumer Products 13% 24% 34% Industry 24% Commodities 17% Certification IVS 12% 8% Asia-Pacific Middle-East Africa Construction 28% Eastern Europe 11% 14% Fast growing zones 55% IVS: In-Ser
Slide 6: 9M 2013 revenue
9M 2013 revenue (EUR millions) +3.1% +4.2% 2,927.2 2,860.8 (0.9)% (4.1)% +7.3% 9M 2012 Organic Acquisitions Disposals Currencies 9M 2013 999.2 +3.3% +1.7% (0.6)% (7.4)% 969.7 Q3 2012 Q3 2013 © - Copyright Bureau Veritas November 6, 2013 6
Slide 7: Revenue by business
Revenue by business 2013 9M 2013 Q3 EURm Organic Organic Industry 702.5 +10.1% +8.7% = Consumer Products 376.7 +9.4% +7.2% = GSIT 213.8 +8.1% (5.0)% Construction 322.1 +4.4% +10.4% Certification 245.1 +2.7% +3.3% = IVS 346.2 +1.9% +7.1% Commodities 501.8 (0.7)% (6.5)% Marine 219.0 (6.1)% (0.8)% Tota
Slide 8: Didier Michaud-Daniel, Chief Executive Officer – Business Review
Didier Michaud-Daniel Chief Executive Officer HIGHLIGHTS BUSINESS REVIEW OUTLOOK Q&A APPENDICES
Slide 9: Marine
Marine Revenue evolution 9M 2013 Highlights (EUR millions) Organic revenue stabilization in Q3 In-service business (57% of revenue) Fleet up 2% (GRT 95.7m) 238.3 New regulations (Labor convention) +0% 219.0 New construction (43% of revenue) (6.1)% (2.0)% New orders intake GRT 6.6m (+84% VLY) Key win
Slide 10: Industry
Industry Revenue evolution 9M 2013 Highlights (EUR millions) Energy infrastructure in fast growing geographies still the main growth driver +6.9% 702.5 +10.1% Europe is flat and North America 634.4 accelerating (6.2)% Sievert acquisition +10.8% Outlook No change in structural drivers 9M’12 Organic S
Slide 11: In-service Inspection & Verification (IVS)
In-service Inspection & Verification (IVS) Revenue evolution 9M 2013 Highlights (EUR millions) Recovery in organic revenue growth Improvement in France, the UK and Spain 349.3 +1.9% 346.2 Expansion in emerging countries (South (1.3)% (1.5)% Asia, Latin America) (0.9)% Outlook Resilient organic growt
Slide 12: Construction
Construction Revenue evolution 9M 2013 Highlights (EUR millions) Strong Q3 organic revenue growth +4.4% Contained decrease in France 331.9 322.1 US recovering (3.7)% (3.7)% Continuous strong growth in Asia (China, Japan and India) (3.0)% Outlook Stabilization in France 9M’12 Organic Scope Currency 9
Slide 13: Certification
Certification Revenue evolution 9M 2013 Highlights (EUR millions) Slight improvement in Q3 organic growth Limited growth in Europe and QHSE +2.7% schemes 247.7 245.1 Expansion of large contracts and non-QHSE 0% (3.7)% schemes Growth in fast growing geographies (1.0)% impacted by the end of Kyoto Pro
Slide 14: Commodities
Commodities Revenue evolution 9M 2013 Highlights (EUR millions) Strong growth in Oil & Petrochemicals (O&P) 527.4 +1.3% New laboratories/services 501.8 (0.7)% Development in Canada (OTI acquisition) (5.5)% Further decrease in Upstream Metals & Minerals (M&M) Growth in Coal and Agri (4.9)% Outlook Co
Slide 15: Consumer Products
Consumer Products Revenue evolution 9M 2013 Highlights (EUR millions) Solid growth across segments Higher basis of comparison in Q3 +7.7% 376.7 +9.4% Toys recovery (e-toys) 328.6 (2.5)% Solid growth in textile and social audits Electrical & Electronics: continuous strong growth of SmartWorld/ Wirele
Slide 16: Government Services & International Trade
Government Services & International Trade Revenue evolution 9M 2013 Highlights (EUR millions) Negative organic evolution during Q3: - Reduction in Pre-Shipment Inspection +8.1% +1.8% 213.8 - High basis of comparison in Verification 203.2 of Conformity (4.7)% Key Single Window contracts signed in Afr
Slide 17: Didier Michaud-Daniel, Chief Executive Officer – Outlook
Didier Michaud-Daniel Chief Executive Officer HIGHLIGHTS BUSINESS REVIEW OUTLOOK Q&A APPENDICES
Slide 18: Outlook
Outlook ► Outlook In view of the ongoing challenging economic environment in Europe and the reduction in upstream minerals, organic growth is unlikely to rebound before 2014. The priority is to continue improving profitability. The Group expects an improvement starting 2014 and a gradual return to o
Slide 19: Agenda
Agenda HIGHLIGHTS FINANCIAL REVIEW BUSINESS REVIEW OUTLOOK Q&A APPENDICES
Slide 20: Agenda
Agenda HIGHLIGHTS FINANCIAL REVIEW BUSINESS REVIEW OUTLOOK Q&A APPENDICES
Slide 21: Revenue by business
Revenue by business 2013 Q3 2013 9M EURm Organic Scope FX EURm Organic Scope FX Marine 73.7 (0.8)% +0.1% (4.3)% 219.0 (6.1)% - (2.0)% 235.8 +8.7% +2.6% (10.5)% 702.5 +10.1% +6.9% (6.2)% Industry IVS 114.5 +7.1% (1.3)% (3.1)% 346.2 +1.9% (1.3)% (1.5)% 108.8 +10.4% (3.6)% (5.9)% 322.1 +4.4% (3.7)% (3.
Slide 22: Five acquisitions announced since January 2013
Five acquisitions announced since January 2013 Combined annual revenues of EUR ~75m 7Layers A global leader in SmartWorld / Wireless testing FY12 Rev: EUR ~24m A fast growing market driven by innovation in the Machine to Machine (M2M) and Employees: 220 telecommunications sectors LVQ-WP Strategic ND
Slide 23: Evolution of key currencies vs euro
Evolution of key currencies vs euro 9M 2013 revenue Change YoY EUR 31% - USD & pegged currencies 18% (2.8)% CNY 7% (0.2)% AUD 6% (8.2)% BRL 4% (12.1)% GBP 3% (4.7)% COP 3% (5.9)% CLP 3% (2.5)% ARS 2% (17.8)% JPY 2% (20.2)% INR 2% (10.2)% ZAR 1% (17.5)% Others 18% (3.4)% Total 100% (4.1)% © - Copyrig
Slide 24: Bureau Veritas – Move Forward with Confidence
BUREAU VERITAS Move Forward with Confidence