Bureau Veritas Sa · EURONEXT:BVI
Bureau Veritas Sa — Q1 2013 Earnings Presentation
21 slides from Bureau Veritas Sa's earnings presentation, Apr 30, 2013
Slide 1: Q1 2013 Trading Update
Q1 2013 TRADING UPDATE April 30, 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
Slide 4: Sami Badarani, Chief Financial Officer
Sami Badarani Chief Financial Officer HIGHLIGHTS BUSINESS REVIEW OUTLOOK Q&A
Slide 5: Revenue up 7.2%
Revenue up 7.2% (EUR millions) +5.5% 930.6 +4.8% (1.1)% (2.0)% 868.3 +10.3% Q1 2012 Organic Acquisitions Disposals Currencies Q1 2013 © - Copyright Bureau Veritas April 30, 2013 5
Slide 6: Revenue by business
Revenue by business (EUR millions) Revenue Total growth o/w Organic % of Revenue Industry 223.7 +22.1% +10.8% 50% Consumer Products 104.4 +20.3% +11.6% on/above expectations GSIT 70.0 +16.7% +16.8% Certification 79.4 +2.8% +5.2% IVS 116.6 (1.6)% - 25% Construction 105.2 (4.8)% (0.5)% « flat » Commod
Slide 7: Didier Michaud-Daniel, Chief Executive Officer
Didier Michaud-Daniel Chief Executive Officer HIGHLIGHTS BUSINESS REVIEW OUTLOOK Q&A
Slide 8: Q1 revenue breakdown
Q1 revenue breakdown By business By geographic zone GSIT Marine 8% 7% Consumer Asia Europe, Products 11% Pacific Middle East, Industry 26% Africa 24% 50% Commodities 17% Certification IVS 13% Americas 9% 24% Construction 11% Fast growing zones 54% IVS: In-service Inspection & Verification Fast growi
Slide 9: Marine
Marine Revenue (EUR millions) 76.3 +0.1% 69.0 (8.8)% (0.9)% Q1 2012 Organic Scope Currency Q1 2013 Q1 2013 Highlights Outlook In-service business (57% of revenue) Continuous growth of the in-service business Fleet increase: GRT 93m (+3.6%) New construction orders to improve New services Development
Slide 10: Industry
Industry Revenue +14.7% 223.7 (EUR millions) +10.8% (3.4)% 183.2 Q1 2012 Organic Scope Currency Q1 2013 Q1 2013 Highlights Outlook Good performance with high basis of comparison Continuous growth with no change in structural and portfolio optimization drivers Energy infrastructure in fast growing ge
Slide 11: In-service Inspection & Verification (IVS)
In-service Inspection & Verification (IVS) Revenue (EUR millions) 118.5 116.6 0% (1.2)% (0.4)% Q1 2012 Organic Scope Currency Q1 2013 Q1 2013 Highlights Outlook Resilience in France (new regulations) Resilient growth in mature countries (except Spain) Adverse market conditions in Spain Expansion in
Slide 12: Construction
Construction Revenue (EUR millions) 110.5 105.2 (0.5)% (2.2)% (2.1)% Q1 2012 Organic Scope Currency Q1 2013 Q1 2013 Highlights Outlook France is deteriorating Contained slowdown in France Solid performance in Japan Accelerated expansion in Asia Exit of the Spanish infrastructure business US: portfol
Slide 13: Certification
Certification Revenue (EUR millions) +5.2% 79.4 77.2 (0.1)% (2.3)% Q1 2012 Organic Scope Currency Q1 2013 Q1 2013 Highlights Outlook Large contracts Resilient growth Non-QHSE schemes Large contracts Fast growing geographies Growth initiatives: sustainability services, food certification Food schemes
Slide 14: Commodities
Commodities Revenue +3.6% 162.3 (EUR millions) +2.8% 155.8 (2.2)% Q1 2012 Organic Scope Currency Q1 2013 Q1 2013 Highlights Outlook Solid growth in O&P (growth projects) Resilient growth in O&P and Agri: new services and geographies Solid growth in Indonesia and Africa coal businesses Upstream miner
Slide 15: Consumer Products
Consumer Products Revenue +9.2% 104.4 (EUR millions) +11.6% (0.5)% 86.8 Q1 2012 Organic Scope Currency Q1 2013 Q1 2013 Highlights Outlook Electrical & Electronics (E&E) strong growth: Good organic growth aligned with last year mobile initiative, 7Layers acquisition Driven by E&E and growth initiativ
Slide 16: Government Services & International Trade
Government Services & International Trade Revenue (EUR millions) +3.3% +16.8% 70.0 60.0 (3.4)% Q1 2012 Organic Scope Currency Q1 2013 Q1 2013 Highlights Outlook Strong performance in Verification of Conformity Growth to moderate with a higher basis of comparison Government contracts impacted by a de
Slide 17: Three acquisitions announced since January 2013
Three acquisitions announced since January 2013 Combined annual revenues of EUR ~60m 7Layers A global leader in wireless testing FY12 Rev: EUR ~24m A fast growing market driven by innovation in the Machine to Employees: 220 Machine (M2M) and telecommunications sectors Sievert One of the largest prov
Slide 18: Didier Michaud-Daniel, Chief Executive Officer
Didier Michaud-Daniel Chief Executive Officer HIGHLIGHTS BUSINESS REVIEW OUTLOOK Q&A
Slide 19: Outlook
Outlook ► 2013 Outlook The Group should deliver solid growth in 2013 revenue and adjusted operating profit, in line with BV2015 strategic plan and despite an ongoing challenging economic environment in Europe. 2013 organic growth should be slightly below the 6-8% range, the priority being to focus o
Slide 20: Agenda
Agenda HIGHLIGHTS BUSINESS REVIEW OUTLOOK Q&A
Slide 21: Bureau Veritas - Move Forward with Confidence
BUREAU VERITAS Move Forward with Confidence