Bureau Veritas Sa · EURONEXT:BVI
Bureau Veritas Sa — Q1 2009 Earnings Presentation
18 slides from Bureau Veritas Sa's earnings presentation, May 5, 2009
Slide 1: Q1 2009 Revenue Conference call
Frank Piedelièvre Q1 2009 Revenue Chief Executive Officer Conference call François Tardan Chief Financial Officer May 5, 2009 Copyright©2009 Bureau Veritas - All rights reserved.
Slide 2: Key highlights
Key highlights François Tardan Copyright©2009 Bureau Veritas - All rights reserved. 2
Slide 3: Bureau Veritas at a glance
Bureau Veritas at a glance ► A global leader in conformity assessment Q1 2009 revenue breakdown services in the areas of quality, health and safety, environment and social responsibility (QHSE) Government Services and Revenue of € 648.2m at March 31, 2009 International Trade 6% Marine 12% Network of
Slide 4: Q1 2009 revenue
Q1 2009 revenue (€m) +5.6% +1.2% 648.2 +10.6% 552.0 Total growth of 17.4% Q1 2008 Organic External Currency Q1 2009 Revenue Growth Growth Impact Revenue ► Organic growth of 10.6% ► Growth from acquisitions of 5.6% ► Positive currency impact of 1.2% (mainly generated by the US and HK dollars) May 5,
Slide 5: Business review
Business review Frank Piedelièvre Copyright©2009 Bureau Veritas - All rights reserved. 5
Slide 6: Marine
Marine Q1 2009 revenue (€m) +20.6% 80.7 66.9 Q1 2008 Q1 2009 ► Organic growth of 21.8% Sustained growth in new ships and equipment certification services (58% of Q1 2009 revenues) • GRT 35.2m diversified order book at March.’09 Fleet in service (42% of revenues) also generated good growth • +9.4% in
Slide 7: Industry
Industry Q1 2009 revenue (€m) 125.5 +39.3% 90.1 Q1 2008 Q1 2009 ► Organic growth of 17.0% Generated by ongoing CAPEX and growing outsourcing trend in Oil & Gas and Power generation in Europe (Spain, Italy), Asia (China, Malaysia), the United-Sates, Latin America, India, Middle East and South-Africa
Slide 8: In-Service Inspection & Verification
In-Service Inspection & Verification Q1 2009 revenue (€m) +6.0% 83.7 78.9 Q1 2008 Q1 2009 ► Organic growth of 8.3% Scope extension of mandatory inspections Pricing initiatives Development of new European key-accounts ► Negative currency impact of 2.3% generated by the British pound ► 2009 prospects
Slide 9: Health, Safety & Environment
Health, Safety & Environment Q1 2009 revenue (€m) +7.3% 56.3 52.5 Q1 2008 Q1 2009 ► Organic decrease of 5.1% Decrease in the US and in the UK • Occupational health & safety: companies reducing number of voluntary audits • Environmental drop in new construction sites inspections/audits ► Growth from
Slide 10: Construction
Construction Q1 2009 revenue (€m) (1.5)% 111.1 109.4 Q1 2008 Q1 2009 ► Organic decrease of 4.1% Growth in asset management (France) and infrastructures inspection (Spain) Reduction in building technical control across Europe (Spain, France) No further deterioration anticipated in Construction Code C
Slide 11: Certification
Certification Q1 2009 revenue (€m) +8.8% 65.9 60.6 Q1 2008 Q1 2009 ► Organic growth of 8.4% ISO 9001 recertification year Strong performance in France, UK, China and Middle-East ► Growth from acquisitions of 0.4%: Elysées Conseil (France) ► 2009 prospects High proportion of recurring business Develo
Slide 12: Consumer Products
Consumer Products Q1 2009 revenue (€m) 90.3 +55.4% 58.1 Q1 2008 Q1 2009 ► Organic growth of 38.4% Sustained growth in analytical testing for restricted substances in all categories of products and especially for toys US Consumer Product Safety Improvement Act ► Growth from acquisitions of 1.5% Codde
Slide 13: Government Services & International Trade
Government Services & International Trade Q1 2009 revenue (€m) +7.7% 36.4 33.8 Q1 2008 Q1 2009 ► Organic growth of 5.0% Government Services: solid growth • Dynamism in existing contracts • New scanners contracts performing well International Trade: slight decrease • Fall in commodities inspections c
Slide 14: Outlook
Outlook Frank Piedelièvre Copyright©2009 Bureau Veritas - All rights reserved. 14
Slide 15: Outlook
Outlook ► Perspectives for 2009 Although it is difficult to provide estimates in the current economic environment, Bureau Veritas' business should continue to grow in 2009, albeit at a slower pace than in 2008 The Group aims to maintain its operating margin in 2009 compared to 2008 Bureau Veritas’ r
Slide 16: Q&A
Q&A Copyright©2009 Bureau Veritas - All rights reserved. 16
Slide 17: 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 documents fi
Slide 18: May 5, 2009
May 5, 2009 Copyright©2009 Bureau Veritas - All rights reserved. 18