Bouygues SA · EURONEXT:EN
Bouygues SA — 9M 2010 Earnings Presentation
16 slides from Bouygues SA's earnings presentation, Dec 2, 2010
Slide 1: 9-month 2010 results
08/12/2010 1 9-month 2010 results 2 December 2010 2 This presentation contains projections and forecasts. They express objectives based on the current assessments and estimates of the Group’s senior management which are subject to many factors and uncertainties. The following factors among others se
Slide 2: Bouygues Group: key operating figures
08/12/2010 3 HIGHLIGHTS AND KEY FIGURES BUSINESS AREAS FINANCIAL STATEMENTS OUTLOOK AND OBJECTIVES APPENDIX 9-month 2010 results 2 December 2010 BOUYGUES GROUP: key operating figures 4 9-month Change € million 2009 2010 Sales 23,168 23,067 = (1) Current operating profit 1,461 1,328 -9% Ope
Slide 3: Bouygues Group: financial position
08/12/2010 BOUYGUES GROUP: financial position (1/2) 5 At 30 September Change € million 2009 2010 Shareholders’ equity 9,138 10,086 +€948m Net debt 5,186 3,770 -€1,416m Gearing ratio 57% 37% -20 pts Significant decrease in net debt Net gearing improved 20 points 9-month 2010 results 2 December 20
Slide 4: Bouygues Construction: business activity
08/12/2010 7 HIGHLIGHTS AND KEY FIGURES BUSINESS AREAS FINANCIAL STATEMENTS OUTLOOK AND OBJECTIVES APPENDIX 9-month 2010 results 2 December 2010 BOUYGUES CONSTRUCTION: business activity 8 Order intakes Order Book € million For execution in Y For execution in Y+1 International For execution
Slide 5: Bouygues Construction: main PPP contracts won in 2010
08/12/2010 BOUYGUES CONSTRUCTION: main PPP contracts won in 2010 9 Duration Contract Location Amount(1) o/w FM(2) Duration of FM(2) of the works Sports Hub Singapore €750m - 43 months 25 years Road works and France €325m €176m 26 months 30 years maintenance centers Marseille stadium France €300m €98
Slide 6: Bouygues Immobilier: business activity and key figures
08/12/2010 BOUYGUES IMMOBILIER: business activity 11 Reservations (1) Residential property Backlog Commercial property 743 € million 62 2,486 2,178 2,186 593 +14% 586 553 75 500 88 487 43 431 6 426 4 350 10 11 681 543 1,934 2,111 494 505 483 1,747 416 339 Q1 09 Q1 10 Q2 09 Q2 10 Q3 09 Q3 10 Q4 09 En
Slide 7: Colas: order book and key figures
08/12/2010 COLAS: order book 13 International and overseas territories Mainland France - 1% 7,041 7,183 7,198 6,765 6,657 6,566 6,257 3,450 3,745 3,612 3,374 3,393 3,375 3,013 € million 3,391 3,591 3,438 3,586 3,264 3,191 3,244 End- End- End- End- End- End- End- March March June June Sept Sept Dec 2
Slide 8: TF1: key figures; Bouygues Telecom commercial performance
08/12/2010 TF1: key figures 15 9-month Change € million 2009 2010 Sales 1,628 1,826 +12%(1) o/w TF1 channel advertising 967 1,071 +11% o/w other activities 661 755 +14% Current operating profit 33 125 x3.8 Operating profit 33 221(2) x6.7 Net profit attributable to the Group 51 170 x3.3 Harry Roselma
Slide 9: Bouygues Telecom: key figures
08/12/2010 BOUYGUES TELECOM: key figures 17 9-month € million Change 2009 2010 Sales 3,960 4,146 +5%(1) Sales from network 3,620 3,763 +4% EBITDA 1,084 1,100 +1% EBITDA/sales from network 29.9% 29.2% -0.7 pts Operating profit 638 611 -4% Ideo 24/24 advertising Net profit att. to the Group 412 392 -5
Slide 10: Condensed consolidated income statement
08/12/2010 BOUYGUES: condensed consolidated income statement (1/2) 19 9-month Change € million 2009 2010 Sales 23,168 23 067 = Current operating profit 1,461 1,328 -9% Other operating income and expenses 0 70(1) ns Operating profit 1,461 1,398 -4% Cost of net debt (260) (251) -3% o/w financial incom
Slide 11: Change in cash position
08/12/2010 BOUYGUES: change in cash position (1/2) 21 Net cash at Net cash at end-Dec. 2009 €m end-Sept. 2010 (2,704) (3,770) Acquisitions/ Disposals (1) -256 Dividend paid -674 Capital Impact of scope of transactions(2) consolidation -37 -47 Operation -52 9-month (4,916) -15 -669 +22 +184 (3) +208
Slide 12: Net capital expenditure and liquidity
08/12/2010 Contribution of business areas to Group net capital expenditure 23 9-month Change € million 2009 2010 Bouygues Construction 100 145 +€45m Bouygues Immobilier 5 3 -€2m Colas 217 275 +€58m TF1 60 35 -€25m Bouygues Telecom 438 400 -€38m Holding company and other 7 6 -€1m TOTAL 827 864 +€37m
Slide 13: Bonds exchange tender offer
08/12/2010 BOUYGUES: bonds exchange tender offer 25 Bouygues S.A. bonds repayment schedule at end-October 2010 (€m) 1,400 1400 Bonds exchanged 1,200 1200 New bond issued 1,150 1,000 1,000 1,000 1,000 1,000 1000 441 242 800 750 600 595 600 500 709 758 400 4.625% 4.500% 4.375% 6.125% 4.750% 4.000% 3.6
Slide 14: 2010 sales targets and calendar
08/12/2010 BOUYGUES GROUP: 2010 sales targets 27 € million 2010 target Change 2009 2010/2009 In March In June In August In Dec. Bouygues Construction 9,546 9,100 9,100 9,100 9,200 -4% Bouygues Immobilier 2,989 2,100 2,150 2,300 2,400 -20% Colas 11,581 11,500 11,500 11,500 11,600 = TF1 2,365 2,410 2,
Slide 15: Bouygues Telecom: Q3 2010 financial performance
08/12/2010 29 HIGHLIGHTS AND KEY FIGURES BUSINESS AREAS FINANCIAL STATEMENTS OUTLOOK AND OBJECTIVES APPENDIX 9-month 2010 results 2 December 2010 BOUYGUES TELECOM: Q3 2010 financial performance 30 Sales from network EBITDA Organic growth Reduction in voice and SMS termination rate differen
Slide 16: Bouygues Telecom: key indicators
08/12/2010 BOUYGUES TELECOM: key indicators Total customer Contracts Prepaid base 9-month 9-month 9-month 2009 2010 2009 2010 2009 2010 SIM cards (‘000) 7,666 8,478 2,400 2,243 10,066 10,721 SIM cards (% mix) 76.2% 79.1% 23.8% 20.9% No. of Bbox routers activated (‘000) 173 645 Unit data – mobile cus