Atos SE · EURONEXT:ATO
Atos — Atos Origin — Q3 2009 Earnings Presentation
24 slides from Atos's earnings presentation, Oct 16, 2009
Slide 1: Atos Origin Q3 2009 revenues
Atos Origin Q3 2009 revenues Paris, 16 October 2009 Atos, Atos and fish symbol, Atos Origin and fish symbol, Atos Consulting, and the fish symbol itself are registered trademarks of Atos Origin SA. 15/10/2009 20:51 © 2006 Atos Origin. Private for the client. This report or any part of it, may not be
Slide 2: Disclaimers
Disclaimers » This presentation contains further forward-looking statements that involve risks and uncertainties concerning the Group’s expected growth and profitability for 2009. Actual events or results may differ from those described in this presentation due to a number of risks and uncertainties
Slide 3: Agenda
Agenda » Q3 2009 Highlights » Q3 2009 Financial Performance » Objectives 2009 3 Atos Origin Q3 2009 revenues / 16 October 2009
Slide 4: Q3 2009 Highlights
Q3 2009 Highlights » Revenue » Q3 revenue at EUR 1 229 M ; organic decrease of -5.6% » YTD revenue at EUR 3 818 M and slight organic decrease at -3.4% » Differentiated performance by service line » Commercial activity » YTD order entries at EUR 4 Bn, up by +5% compared to last year. Book to bill rat
Slide 5: Key wins of the third quarter 2009
Key wins of the third quarter 2009 Customers GBUs Service line Deals Univé-VGZ-IZA-Trias (UVIT) NL MS Datacenter outsourcing – 6 years contract Norfolkline NL MS Outsourcing contract for 3 years Home office UK MS Next generation IST transformation Network Rail UK MS ESG replacements Go Ahead Group U
Slide 6: Solid backlog and increasing pipeline
Solid backlog and increasing pipeline » Total order entry of EUR 4.0 billion representing a book to bill ratio at 104% » Full backlog at EUR 7.3 billion, representing 1.4 year of revenue » Full qualified pipeline at EUR 2.8 billion, up by +10% vs. September 2008 Systems Managed Book to bill Total Gr
Slide 7: Agenda
Agenda » Q3 2009 Highlights » Q3 2009 Financial Performance » Objectives 2009 7 Atos Origin Q3 2009 revenues / 16 October 2009
Slide 8: Q3 2009 revenue organic decrease at -5.6%
Q3 2009 revenue organic decrease at -5.6% In € Million Q3 2009 Q3 2008 Δ% Statutory revenue 1,229 1,353 -9.2% Change in scope (34) Exchange rates impact (18) Revenue at constant scope and exchange rates 1,229 1,301 -5.6% 8 Atos Origin Q3 2009 revenues / 16 October 2009
Slide 9: YTD revenue in slight organic decrease of -3.4%
YTD revenue in slight organic decrease of -3.4% In € Million 2009 2008 Δ% Statutory revenue 3,818 4,197 -9.0% Change in scope (169) Exchange rates impact (76) Revenue at constant scope and exchange rates 3,818 3,953 -3.4% 9 Atos Origin Q3 2009 revenues / 16 October 2009
Slide 10: Q3 2009 revenue performance by service line
Q3 2009 revenue performance by service line Total Revenue Q3 2008 % organic In EUR Million Q3 2009 proforma growth Consulting 54 82 -34.4% Systems Integration 435 505 -13.8% Managed Services 484 463 +4.5% High Tech Transactional Services 215 213 +0.9% Medical BPO 42 39 +8.3% Total at constant scope
Slide 11: YTD revenue performance by service line
YTD revenue performance by service line Total Revenue 2008 % organic In EUR Million 2009 proforma growth Consulting 187 254 -26.4% Systems Integration 1,409 1,578 -10.7% Managed Services 1,458 1,390 +4.9% High Tech Transactional Services 649 620 +4.6% Medical BPO 116 111 +4.4% Total at constant scop
Slide 12: Q3 2009 revenue performance by Global Business Unit
Q3 2009 revenue performance by Global Business Unit Revenue Q3 2008 % organic In € Million Q3 2009 proforma growth France 258 275 -6.3% Benelux 231 282 -17.9% United Kingdom 234 208 +12.3% Atos Worldline 206 205 +0.7% Germany Central Europe / EMA 136 152 -10.1% Iberia / South America 94 102 -7.6% Re
Slide 13: YTD revenue performance by Global Business Unit
YTD revenue performance by Global Business Unit Revenue 2008 % organic In € Million 2009 proforma growth France 833 861 -3.3% Benelux 748 867 -13.7% United Kingdom 680 627 +8.3% Atos Worldline 623 599 +4.0% Germany Central Europe / EMA 420 451 -6.8% Iberia / South America 305 328 -7.1% Rest of the w
Slide 14: Net debt reduction
Net debt reduction Jun 08 Jun 09 Sept 08 Sept 09 (M€) Q3 09 +35 M -293 -328 -409 -514 Q3 08 EUR -549 M excluding disposal of AEMS Exchange -35 M and dividends payment ¾ Strong reduction of net debt in Q3 including EUR 44 M payment for H1 09 bonuses ¾ Improved performance in working capital managemen
Slide 15: Headcount evolution
Headcount evolution » Total staff net decrease of nearly 2,100 since 31 December 2008 » YTD hirings at 3,000 with 1,200 in Q1, 800 in Q2 and 1,000 in Q3 of which 200 in India » Staff attrition stable at 7.3% on 30 September 2009 50,975 (139) (3,034) 48,884 +3,020 (1,938) Staff as at 31 Change in Lea
Slide 16: Staff by Global Business Units
Staff by Global Business Units Closing Closing (in units) Change since opening Sept 2009 Dec 2008 France 12,431 12,737 (306) -2.4% Benelux 8,006 9,038 (1032) -11.4% United Kingdom 6,270 6,313 (43) -0.7% Atos Worldline 4,833 4,847 (14) -0.3% Germany Central Europe & EMA 3,742 3,838 (96) -2.5% Iberia
Slide 17: Subcontractors: constant reduction since Sept. 08
Subcontractors: constant reduction since Sept. 08 » Strong action to reduce subcontractors has resulted in a total decrease of ca.2,700 subcos since September 2008, of which 1,900 since December 2008 4 733 4 469 4 353 4 008 3 933 -49% 3 168 2 517 2 022 Jan 08 Mar 08 Jun 08 Sep 08 Dec 08 Mar 09 Jun 0
Slide 18: Evolution of the bench
Evolution of the bench » Bench reduced by 38% since January 2009 from 1,600 to 1,000 at the end of Q3 09 » Decrease of 20% compared to Q3 2008 1,606 -38% 1,350 1,251 1,115 1,044 979 972 999 Jan-08 Mar-08 Jun-08 Sep-08 Jan-09 M ar-09 Jun-09 Sep-09 18 Atos Origin Q3 2009 revenues / 16 October 2009
Slide 19: TOP Program: reduction of non-personnel costs
TOP Program: reduction of non-personnel costs -17% YTD 09 YTD 08 -21% -25% rent & lease travel external expenses Annual EUR 240 M EUR 130 M EUR 110 M basis 19 Atos Origin Q3 2009 revenues / 16 October 2009
Slide 20: TOP Program: reduction of indirect staff and indirect personnel costs
TOP Program: reduction of indirect staff and indirect personnel costs 5 605 -7% Indirect staff 5 390 5 308 5 289 5 281 5 211 5 273 5 153 5 179 5 138 YTD 09 YTD 08 Dec 08 Jan 09 Feb 09 Mar 09 Apr 09 May 09 Jun 09 Jul 09 Aug 09 Sep 09 Indirect personnel costs annual basis EUR 500 M 20 Atos Origin Q3 2
Slide 21: Agenda
Agenda » Q3 2009 Highlights » Q3 2009 Financial Performance » Objectives 2009 21 Atos Origin Q3 2009 revenues / 16 October 2009
Slide 22: Objectives for 2009
Objectives for 2009 2009 Objectives confirmed » Revenue : slight decrease compared to 2008 at same scope and exchange rates » Operating margin: improvement by +50 to +100 basis points compared to 2008 » Cash generation: objective of a positive free cash flow 22 Atos Origin Q3 2009 revenues / 16 Octo
Slide 23: Questions
Questions Paris, 16 October 2009 Atos, Atos and fish symbol, Atos Origin and fish symbol, Atos Consulting, and the fish symbol itself are registered trademarks of Atos Origin SA. 15/10/2009 20:51 © 2006 Atos Origin. Private for the client. This report or any part of it, may not be copied, circulated
Slide 24: Atos Origin Q3 2009 revenues
Atos Origin Q3 2009 revenues Paris, 16 October 2009 Atos, Atos and fish symbol, Atos Origin and fish symbol, Atos Consulting, and the fish symbol itself are registered trademarks of Atos Origin SA. 15/10/2009 20:51 © 2006 Atos Origin. Private for the client. This report or any part of it, may not be