Bureau Veritas Sa · EURONEXT:BVI
Bureau Veritas Sa — Q1 2011 Earnings Presentation
19 slides from Bureau Veritas Sa's earnings presentation, May 4, 2011
Slide 1: Q1 2011 Revenue
Q1 2011 Revenue May 4, 2011 Frank Piedelièvre Chairman & Chief Executive Officer François Tardan Chief Financial Officer Copyright©2011 Bureau Veritas - All rights reserved.
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 Key highlights Business review Outlook Q&A Copyright©2011 Bureau Veritas - All rights reserved. May 4, 2011 3
Slide 4: Key highlights
Key highlights François Tardan Chief Financial Officer Copyright©2011 Bureau Veritas - All rights reserved.
Slide 5: Bureau Veritas at a glance
Bureau Veritas at a glance Founded in 1828 Q1 2011 revenue by business A global leader in conformity assessment and certification services Marine Commodities 10% 16% Offering services and innovative solutions to its clients to ensure that their assets, Government Services 7% Industry 21% products an
Slide 6: Q1 2011 revenue
Q1 2011 revenue (€m) +13.9% +2.8% 775.0 +6.5% 628.9 Total growth of +23.2% Q1 2010 Revenue Organic Growth External Growth Currency Impact Q1 2011 Revenue 7.3% organic growth when adjusting for the loss of the GSAC business (large certification contract for the French Civil Aviation Authority termina
Slide 7: Business Review
Business Review Frank Piedelièvre Chairman & Chief Executive Officer Copyright©2011 Bureau Veritas - All rights reserved.
Slide 8: Marine
Marine 76.3 +2.6% 77.1 (1.6)% total growth +1.0% Q1 2010 Revenue Organic Currency Q1 2011 Revenue New ships (53% of Q1 revenues) New orders intake of GRT 1.7m (179 ships), +13.2% y-o-y increase Bureau Veritas market share up at 14% in tonnage, 22% in number of ships Order book of GRT 27.5m (vs. GRT
Slide 9: Industry
Industry +4.3% 159.2 +16.1% 132.3 (0.1)% total growth +20.3% Q1 2010 Revenue Organic Scope Currency Q1 2011 Revenue +16.1% organic growth Oil and Gas, Power, Petrochemicals, Mining Double-digit growth Fast growing countries (Capex services driven) Mature countries (Asset Integrity Management service
Slide 10: In-Service Inspection & Verification
In-Service Inspection & Verification +3.6% +0.6% 105.4 101.7 (0.6)% total growth +3.6% Q1 2010 Revenue Organic Scope Currency Q1 2011 Revenue +3.6% organic growth UK portfolio of activities repositioning now completed Emergence of new geographies: Italy, China, Latin America and Eastern Europe 2011
Slide 11: Construction
Construction 101.4 99.6 +2.9% +1.2% (2.3)% total growth +1.8% Q1 2010 Revenue Organic Scope Currency Q1 2011 Revenue +2.9% organic growth France: volume recovery and scope expansion (energy efficiency) US: overall stability supported by the power segment while residential continues to drop Japan dis
Slide 12: Certification
Certification 73.8 72.1 +0.2% +2.4% (4.9)% (2.3)% total growth Q1 2010 Revenue Organic Scope Currency Q1 2011 Revenue +2.8% organic growth when adjusting for the loss of the GSAC contract Slow start of the year due to weak level of new sales during Q4 2010 All audits postponed in Japan New internati
Slide 13: Commodities
Commodities +6.7% 125.6 +316% total growth +13.4% 28.8 +336% Q1 2010 Revenue Organic Scope Currency Q1 2011 Revenue 13.4% organic growth Metals & Minerals: sustained growth in upstream exploration, coal inspection and testing impacted by the floodings in Queensland Oil & Petrochemicals: increased co
Slide 14: Consumer Products
Consumer Products +0.6% +2.6% 81.1 77.4 +1.6% total growth +4.8% Q1 2010 Revenue Organic Scope Currency Q1 2011 Revenue +1.6% organic growth Slow start back from Chinese New Year and reduced testing in a couple of large US accounts Organic growth in March at +6% Large softlines supply chain manageme
Slide 15: Government Services & International Trade
Government Services & International Trade +16.8% +0.6% 53.1 +18.8% 39.0 total growth +36.2% Q1 2010 Revenue Organic Scope Currency Q1 2011 Revenue +18.8% organic growth Good volume growth in existing government contracts Ramp-up in new VOC contracts +16.8% scope effect Autoreg (Brazil): vehicle insp
Slide 16: Outlook
Outlook Frank Piedelièvre Chairman & Chief Executive Officer Copyright©2011 Bureau Veritas - All rights reserved.
Slide 17: 2011 Outlook
2011 Outlook In 2011, the Group expects strong growth in revenues and adjusted operating profit, taking into account: The impact of the full-year consolidation of acquisitions completed made so far; and Organic growth exceeding that of last year and consistent with H2 2010. Those expectations are al
Slide 18: Q&A
Q&A Copyright©2011 Bureau Veritas - All rights reserved.
Slide 19: Bureau Veritas - Move Forward with Confidence
BUREAU |BUREAU_ VERITAS Move Forward with Confidence