Atos SE · EURONEXT:ATO
Atos — Atos Origin — Q1 2010 Earnings Presentation
24 slides from Atos's earnings presentation, Apr 14, 2010
Slide 1: Atos Origin Q1 2010 revenues
Atos Origin Q1 2010 revenues Paris, 14 April 2010 Atos, Atos and fish symbol, Atos Origin and fish symbol, Atos Consulting, and the fish symbol itself are registered trademarks of Atos Origin SA. 13/04/2010 22:37 © 2006 Atos Origin. Private for the client. This report or any part of it, may not be c
Slide 2: Disclaimers
Disclaimers » This presentation contains further forward-looking statements that involve risks and uncertainties concerning the Group’s expected growth and profitability for 2010. Actual events or results may differ from those described in this presentation due to a number of risks and uncertainties
Slide 3: Agenda
Agenda » Q1 2010 Highlights » Q1 2010 Financial Performance » Objectives 2010 3 Atos Origin Q1 2010 revenues / 14 April 2010
Slide 4: Q1 2010 Highlights
Q1 2010 Highlights » Revenue » Q1 2010 revenue at EUR 1 231 M ; organic decrease of -5.5% » Commercial activity » Q1 2010 order entry at EUR 1.58 billion ; an increase of +17% compared to Q1 2009 » Book to bill ratio at 128% vs. 104% in Q1 2009 » Implementation of GAMA program (Global Atos Market Al
Slide 5: Some customers' contracts won in Q1 2010 (France, Netherlands, Worldline)
Some customers’ contracts won in Q1 2010 » In France Customers Service Line Deals Renault SI Renewal – Application management French Ministries SI & MS New signatures – Outsourcing projects with developments EDF SI New signature – Application Management, Smart Meters EDF SI New signature – Nuclear P
Slide 6: Some customers' contracts won in Q1 2010 (UK, Germany, other)
Some customers’ contracts won in Q1 2010 » In the UK Customers Service Line Deals Government Gateway MS Contract Renewal for secure on line government services VOSA MS New contract - Outsourcing contract extension Department. for International CO New signature – Large consulting project in Public Se
Slide 7: Commercial Activity
Commercial Activity » Total order entry reached EUR 1.58 billion, representing a book to bill ratio at 128%, and a +17 % growth Systems Managed Book to bill Total Group Consulting HTTS Integration Services 31March 2010 128% 139% 130% 129% 135% 31March 2009 104% 84% 107% 112% 100% » Full qualified pi
Slide 8: Agenda
Agenda » Q1 2010 Highlights » Q1 2010 Financial Performance » Objectives 2010 8 Atos Origin Q1 2010 revenues / 14 April 2010
Slide 9: Q1 2010 revenue organic decrease at -5.5%
Q1 2010 revenue organic decrease at -5.5% In EUR Million Q1 2010 Q1 2009 ?% Revenue 1 231 1 294 -4.9% Change in scope - Exchange rates impact 8 Revenue at constant scope and exchange rates 1 231 1 302 -5.5% 9 Atos Origin Q1 2010 revenues / 14 April 2010
Slide 10: Q1 2010 revenue performance by service line
Q1 2010 revenue performance by service line Total Revenue Q1 2009 % organic In EUR Million Q1 2010 proforma growth Managed Services 448 467 -4.0% Systems Integration 448 490 -8.7% High Tech Transactional Services 238 236 +0.6% Consulting 57 71 -20.1% Medical BPO 40 37 +7.5% Total Group 1,231 1,302 -
Slide 11: Quarterly revenue evolution
Quarterly revenue evolution Consulting, Systems Integration Managed Services, HTTS, Medical BPO (in EUR Million) 800 761 763 721 740 726 700 600 573 534 546 488 505 500 400 300 200 100 09 09 09 09 10 09 09 09 09 10 1- 2- 3- 4- 1- 1- 2- 3- 4- 1- Q Q Q Q Q Q Q Q Q Q +5.3% +5.1% +3.5% +2.7% -14.6% -16.
Slide 12: Q1 2010 revenue performance by Global Business Unit
Q1 2010 revenue performance by Global Business Unit Revenue Q1 2009 % organic In EUR Million Q1 2010 proforma growth France 289 289 -0.2% Benelux 234 268 -12.8% United Kingdom 211 216 -2.4% Atos Worldline 202 202 +0.2% Germany Central Europe / EMA 122 148 -17.5% Iberia / South America 97 110 -11.9%
Slide 13: Net debt reduction
Net debt reduction Dec. 08 Dec. 09 March 09 March ‘10 (EUR million) Operating Cash Flow Q1 ‘10 +29 M -20 Related to the acquisition of Shere -130 -139 Q1 ‘09 +8 M -296 -304 Operating Cash Flow improved by EUR 29 M since the beginning of the year, vs. EUR +8 M in Q1 2009 Overall, net debt decreased b
Slide 14: Headcount evolution
Headcount evolution » Total staff net decrease of 600 since the beginning of the year » Half of hirings made in Offshore countries » Staff attrition slightly up at 8.3% 956 (1,050) 49,036 (601) 48,341 Headcount as Hirings Leavers Restructuring Headcount as of 31 Dec. '09 & Lay-offs of 31 Mar. '10 14
Slide 15: Staff by Global Business Units
Staff by Global Business Units Closing Closing Change since March 2010 Dec 2009 opening France 11,777 11,954 (177) Benelux 7,461 7,750 (289) United Kingdom 6,180 6,269 (89) Atos Worldline 4,822 4,804 +18 Germany Central Europe & EMA 3,685 3,746 (61) Iberia / South America 7,404 7,432 (28) Rest of th
Slide 16: External subcontractors
External subcontractors » Level maintained around 5% of total staff 4 733 4 469 4 353 4 008 3 933 3 168 2 517 2 491 2 556 2 022 Jan Mar Jun Sep Dec Mar Jun Sep Dec Mar 08 08 08 08 08 09 09 09 09 10 16 Atos Origin Q1 2010 revenues / 14 April 2010
Slide 17: Evolution of quarterly average bench
Evolution of quarterly average bench » Bench level stabilised and training reinforced 1 479 1 292 1 074 1 147 1 012 941 936 1 001 909 Q1 '08 Q2 '08 Q3 '08 Q4 '08 Q1 '09 Q2 '09 Q3 '09 Q4 '09 Q1 '10 17 Atos Origin Q1 2010 revenues / 14 April 2010
Slide 18: Project for a new subsidiary fully dedicated to Smart Energy solutions: Atos WorldGrid
Project for a new subsidiary fully dedicated to Smart Energy solutions: Atos WorldGrid International roll-out in developed countries and in high growth geographies: -Germany, -Benelux, -Brazil, -China, -Iberia, -France, -India, -Middle-East and Africa, -UK, -USA March 2010 July 2010 Dec. 2010 Dec. 2
Slide 19: Key references on innovative projects
Key references on innovative projects » ERDF France AMM Linky – Smart Metering » ERDF & GRDF France Mercator- Geographical IT (electricity and gas) » WaveGlobe Spain – Monitoring system for tide energy » OpenNode Spain – European Smart Grid - Iberdrola, EDP, and EDF » WinGas - German gas transportat
Slide 20: Acquisition of Shere
Acquisition of Shere » Shere: a market leading and innovative provider in the rail and hospitality markets in the UK for self service, kiosks, desktop systems and services. » Consistent with the strategy to develop transaction based services » Revenue GBP 11 million in 2009, operating margin above H
Slide 21: Agenda
Agenda » Q1 2010 Highlights » Q1 2010 Financial Performance » Objectives 2010 21 Atos Origin Q1 2010 revenues / 14 April 2010
Slide 22: 2010 Objectives confirmed
2010 Objectives confirmed » Revenue: due to the Arcandor bankruptcy, the Group expects in 2010 a slight revenue organic decrease, however at a lesser extent than the one achieved in 2009 » Operating margin: ambition to improve OM by +50 to +100 basis points in 2010 » Cash flow: ambition to confirm i
Slide 23: Questions
Questions Paris, 14 April 2010 Atos, Atos and fish symbol, Atos Origin and fish symbol, Atos Consulting, and the fish symbol itself are registered trademarks of Atos Origin SA. 13/04/2010 22:37 © 2006 Atos Origin. Private for the client. This report or any part of it, may not be copied, circulated,
Slide 24: Atos Origin Q1 2010 revenues
Atos Origin Q1 2010 revenues Paris, 14 April 2010 Atos, Atos and fish symbol, Atos Origin and fish symbol, Atos Consulting, and the fish symbol itself are registered trademarks of Atos Origin SA. 13/04/2010 22:37 © 2006 Atos Origin. Private for the client. This report or any part of it, may not be c