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Bouygues Sa — 9M 2009 Earnings Presentation
17 slides from Bouygues Sa's earnings presentation, Dec 1, 2009
Slide 1: 9-month 2009 results
01/12/2009 1 9-month 2009 results 1 December 2009 9 months 2009 results 2 This presentation contains projections and forecasts. They express objectives based on the current assessments and estimates of the Group’s senior management which are subject to many factors and uncertainties. The following f
Slide 2: Bouygues Group: key operating figures
01/12/2009 3 HIGHLIGHTS AND KEY FIGURES BUSINESS AREAS FINANCIAL STATEMENTS OUTLOOK AND OBJECTIVES APPENDIX 9 months 2009 results 1 December 2009 BOUYGUES GROUP: key operating figures 4 9-month Change € million 2008 2009 Sales 23,915(1) 23,168 -3%(2) Operating profit 1,772(1) 1,461 -18% Ne
Slide 3: Bouygues Group: financial position
01/12/2009 BOUYGUES GROUP: financial position (1/2) 5 End-September Change € million 2008 2009 Shareholders’ equity 8,562 9,138 +€576m Net debt 5,662 5,186 -€476m Gearing ratio 66% 57% -9 pts Net debt decreasing by €476m over 12 months Gearing ratio improving by 9 points to 57% A healthy financi
Slide 4: Bouygues Construction: business activity
01/12/2009 7 HIGHLIGHTS AND KEY FIGURES BUSINESS AREAS FINANCIAL STATEMENTS OUTLOOK AND OBJECTIVES APPENDIX 9 months 2009 results 1 December 2009 BOUYGUES CONSTRUCTION: business activity 8 Order intakes € million Order Book Long-term O.B (beyond Y+5) Order book Y+2 to Y+5 Order book Y+1 Or
Slide 5: Bouygues Construction: key figures; Bouygues Immobilier: reservations
01/12/2009 BOUYGUES CONSTRUCTION: key figures 9 9-month Change € million 2008 2009 Sales 6,971 7,133 +2%(1) o/w France 3,984 4,007 +1% o/w international 2,987 3,126 +5% Operating margin 3.7% 3.7% = Net profit attributable to the Group 232 186 -20% First Tower, La Défense (1) Up 2% like-for-like and
Slide 6: Bouygues Immobilier: key figures; Colas: order book
01/12/2009 BOUYGUES IMMOBILIER: key figures 11 9-month Change € million 2008 2009 Sales 1,988 2,154 +8%(1) o/w Residential 1,249 1,433 +15% o/w Commercial 739 721 -2% Operating margin 9.5% 7.1% -2.4 pts Net profit attributable to the Group 92 86 -7% Galeo building, (1) Up 7% like-for-like and at con
Slide 7: Colas: key figures; TF1: key figures
01/12/2009 COLAS: key figures 13 9-month Change € million 2008 2009 Sales 9,615 8,684 -10%(1) o/w France 5,564 5,024 -10% o/w international 4,051 3,660 -10% Operating margin 5.1% 4.6% -0.5 pts Net profit attributable to the Group 376 293 -22% A6 Highway in Champagne, France (1)Down 10% like-for-like
Slide 8: Bouygues Telecom: commercial activity and key figures
01/12/2009 BOUYGUES TELECOM: commercial activity 15 Strong performance for the Mobile activity 10 million-mobile customer mark topped 471,000 new Mobile customers over the first nine months in 2009 (71,000 in the first nine-months 2008), i.e. 28%1 of net market growth 172,000 new Mobile cust
Slide 9: Bouygues: condensed consolidated income statement (1/2)
01/12/2009 17 HIGHLIGHTS AND KEY FIGURES BUSINESS AREAS FINANCIAL STATEMENTS OUTLOOK AND OBJECTIVES APPENDIX 9 months 2009 results 1 December 2009 BOUYGUES: condensed consolidated income statement (1/2) 18 9-month 9-month 2008 2009 Change 2008 € million restated(1) published Sales 23,915 2
Slide 10: Condensed income statement (2/2) and balance sheet
01/12/2009 BOUYGUES: condensed consolidated income statement (2/2) 19 9-month 9-month 2008 2009 Change 2008 € million restated(1) published Income tax expense (494) (410) -17% (501) Share of profits and losses of associates 283 303 +7% 283 Net profit from continuing operations 1,327 1,108 -17% 1,344
Slide 11: Change in cash position in the first 9 months of 2009
01/12/2009 BOUYGUES: change in cash position in the first 9 months of 2009 21 Net cash at Net cash at end-Dec. 2008 end-Sept. 2009 €m Acquisitions/ Dividend (4,916) paid Disposals -669 (5,186) +195 Of which Alstom +71 (1) Operation Impact of scope +112 of consolidation Capital +70 Transactions +22 9
Slide 12: Contribution of business areas to Group net cash
01/12/2009 Contribution of business areas to Group net cash 23 End-Dec. End-Sept. End-Sept. € million Change Change 2008 2009 2008 Bouygues Construction 2,592 2,826 +€234m 2,429 +€397m Bouygues Immobilier 1 (80) -€81m (365) +€285m Colas (6) (496) -€490m (412) -€84m TF1 (699) (787) -€88m (715) -€72m
Slide 13: Bouygues: very substantial liquidity
01/12/2009 BOUYGUES: very substantial liquidity 25 10,000 €m Available cash: €7.1 billion 9,000 8,000 7,000 Debt repayment schedule 6,000 5,000 Undrawn MLT credit lines 4,000 3,000 2,000 Cash 1,000 0 Evenly-spread debt repayment schedule Mainly fixed-rate debt 9 months 2009 results 1 December 2009 2
Slide 14: Bouygues Group: 2009 sales targets
01/12/2009 BOUYGUES GROUP: 2009 sales targets 27 2009 target Change 2008 March June August 2009/2008 Restated restated restated restated in December Bouygues Construction 9,497 9,300 9,000 9,200 9,450 = Bouygues Immobilier 2,924 2,700 2,700 2,700 2,870 -2% Colas 12,789 12,300 12,300 12,300 11,700 -9
Slide 15: Bouygues Telecom: key indicators
01/12/2009 29 HIGHLIGHTS AND KEY FIGURES BUSINESS AREAS FINANCIAL STATEMENTS OUTLOOK AND OBJECTIVES APPENDIX 9 months 2009 results 1 December 2009 BOUYGUES TELECOM: key indicators 30 Total customer Contracts Prepaid base 9-month 9-month 9-month 2008 2009 2008 2009 2008 2009 SIM cards (‘000
Slide 16: Restated quarterly sales and key financial figures
01/12/2009 BOUYGUES: restated quarterly sales by business area(1) 31 2008 2009 € million Q1 Q2 Q3 Q4 Q1 Q2 Q3 Bouygues Construction 2,210 2,384 2,377 2,526 2,291 2,467 2,375 Bouygues Immobilier 564 736 688 936 628 805 721 Colas 2,189 3,442 3,984 3,174 1,972 3,144 3,568 TF1 653 699 512 731 538 592 49
Slide 17: 9 months 2009 results 1 December 2009
01/12/2009 33 9 months 2009 results 1 December 2009 17