Worldline Sa · EURONEXT:WLN
Worldline Sa — Ingenico — Q3 2011 Earnings Presentation
11 slides from Worldline Sa's earnings presentation, Oct 25, 2011
Slide 1: Ingenico Q3 2011 Revenue
Ingenico Q3 2011 Revenue October 25th. 2011
Slide 2: Q3'11: Performance highlights
Q3’11: Performance highlights Strong top line growth in Q3: +8.3% like‐for‐like growth 9 months like‐for‐like growth: +7.1% Dynamic growth in emerging markets and Europe‐SEPA Growth acceleration in Transactions Confirmed new group profile Increased contribution of Transactions Recurring revenu
Slide 3: Q3'11: Robust top line growth
Q3’11: Robust top line growth Year‐on year: +7.5% Negative FX impact: ‐€6.0m, mainly due to Turkish & British Pound, USD, Brazilian real +7.5% +8.3% Like‐for‐like: +8.3%* +6.3%: growth derived from Terminals (hardware, servicing & maintenance) Volume growth ASP impacted by geomix (China) Con
Slide 4: Key growth drivers: Emerging markets and Europe. Growth resumed in the US
Key growth drivers: Emerging markets and Europe. Growth resumed in the US Q3’11 Revenue contribution & performance by region (at constant FX & scope) Emerging markets are key drivers: 45% of revenue Asia Pacific: continued strong growth in Asia Pacific China combined with performance in Europe SEP
Slide 5: 9 months performance in all business segments
9 months performance in all business segments Terminals: on track Transactions: ahead Like‐for‐like growth: +5% Like‐for‐like growth: +18% Continued strong growth in Traction with easycash in Europe emerging markets Reinforced position in Germany Asia Pacific through Paycom LATAM: Brazil, Mexi
Slide 6: Evolution towards a new group profile: recurring revenue
…supporting evolution towards a new group profile Recurring revenue: 32% of 9 months total revenue Leveraging installed POS base of >15million to generate recurring maintenance revenue Increased contribution of Transactions 32% 28% 22% 18% 17% 13% 4% 2008 2009 2010 YTD2011 Transactions Maintenance 6
Slide 7: Evolution towards a new group profile: customer diversification
…supporting evolution towards a new group profile Ongoing customer diversification Reduced exposure to banks 47% of revenue YTD11 vs. 49% in 2009 Increased contribution of merchant revenue 29% YTD 2011 vs. 24% in 2009 Operating more than 160,000 small merchants 2011 YTD 2009 7
Slide 8: 2011 guidance confirmed
2011 guidance confirmed 2010 2011 pro forma guidance Feb 11 Oct 11 Revenue at constant FX rate 965‐985 ≥ 985 Like‐for‐Like growth 4.1‐6.3% ≥6.3% EBITDA 18.0% ≥18.3% ≥18.3% EBIT 13.5% ≥13.9% ≥13.9% 8 43
Slide 9: Ingenico investment case
Ingenico investment case Key focused strategy Technological leadership A world leader well positioned with a dual offer dedicated to merchants: terminals & transactions A growing market: continuous shift towards electronic payments Structural changes in the payment ecosystem generating opportunities
Slide 10: Q3 2011 Revenue Appendix
Q3 2011 Revenue Appendix
Slide 11: Focus on Avis customer case: Innovative transaction management solution
Focus on Avis customer case: Innovative transaction management solution Fully managed payment service Across all Avis Europe network in 1 600 locations in 23 European countries 5 years contract Pan European solution 3,000 chip & PIN payment terminals Fully compliant with PCI DSS regulation