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Bureau Veritas Sa — FY2008 Earnings Presentation

20 slides from Bureau Veritas Sa's earnings presentation, Feb 10, 2009

  1. Slide 1: 2008 Full-Year Revenue

    Frank Piedelièvre 2008 Full-Year Revenue Chief Executive Officer François Tardan Chief Financial Officer February 10, 2009 Copyright©2009 Bureau Veritas - All rights reserved.

  2. Slide 2: Key highlights

    Key highlights François Tardan Copyright©2009 Bureau Veritas - All rights reserved. 2

  3. Slide 3: 2008 Highlights

    2008 Highlights ► 2008 Revenue and adjusted operating profit above guidance Increase by more than 20% of revenue and adjusted operating profit (vs a guidance of 15%), at 2007 exchange rates and excluding any contribution from 2008 acquisitions. ► Sustained growth in Q4 2008 despite slowdown in the e

  4. Slide 4: Q4 2008 revenue

    Q4 2008 revenue +7.1% 714.4 +12.3% (€m) (0.3)% 599.7 Total growth of 19.1% Q4 2007 Organic External Currency Q4 2008 Revenue Growth Growth Impact Revenue ► Organic growth of 12.3% ► Growth from acquisitions of 7.1% (mainly Amdel in Australia) ► Negative currency impact of 0.3% (positive impact of th

  5. Slide 5: FY 2008 revenue

    FY 2008 revenue +14.2% 2,549.4 (€m) +12.8% (3.7)% 2,066.9 Total growth of 23.3% FY 2007 revenue Organic External Currency FY 2008 Revenue Growth Growth Impact ► Organic growth of 12.8% ► Growth from acquisitions of 14.2% (mainly ECA in Spain, Amdel and CCI in Australia) ► Negative currency impact of

  6. Slide 6: FY 2008 revenue breakdown

    FY 2008 revenue breakdown FY 2008 revenue by geography FY 2008 revenue by business North America Government Services & 8% International Trade 6% Marine 11% Asia Pacific 23% South America Consumer Products 7% 12% Industry Certification 19% 11% France 27% Inspection & Construction In-Service EMEA* 18%

  7. Slide 7: 15 acquisitions to date – c. €150m of annual revenues in 2008

    15 acquisitions to date – c. €150m of annual revenues in 2008 Name Date Business Country Revenues (€m) Ziller Ass Jan. 08 Fire safety equipment inspection services Germany 2.1 Tecniter Jan. 08 Construction code compliance Italy 0.4 Codde Jan. 08 Energy efficiency auditing tools France 0.4 Cesmec Mar

  8. Slide 8: Business review

    Business review Frank Piedelièvre Copyright©2009 Bureau Veritas - All rights reserved. 8

  9. Slide 9: Marine

    Marine (€m) 81.1 +24.2% Q4 2008 revenue 65.3 ► Organic growth of 27.2% ► Negative currency impact of 3.0% Q4 2007 Q4 2008 2008 FY revenue ► Organic growth of 23.8% Sustained growth in new ships and equipments +18.7% 293.5 certification services (57% of FY 2008 revenues) (€m) (Asia and Europe) • Dive

  10. Slide 10: Industry

    Industry 137.4 (€m) +47.9% Q4 2008 revenue ► Organic growth of 27.1% 92.9 ► Growth from acquisitions of 25.4% ► Negative currency impact of 4.6% Q4 2007 Q4 2008 2008 FY revenue 482.0 ► Organic growth of 24.4% +54.9% (€m) Strong growth with sustained contributions coming from CAPEX in oil & gas and p

  11. Slide 11: In-Service Inspection & Verification

    In-Service Inspection & Verification +9.0% 94.5 (€m) 86.7 Q4 2008 revenue ► Organic growth of 7.9% ► Growth from acquisitions of 3.5% ► Negative currency impact of 2.4% Q4 2007 Q4 2008 2008 FY revenue ► Organic growth of 6.6% +23.3% 330.2 (€m) Sustained growth in all geographies 267.8 Scope extensio

  12. Slide 12: Health, Safety and Environment

    Health, Safety and Environment (€m) +11.2% 67.4 60.6 Q4 2008 revenue ► Negative organic evolution of 4.8% ► Growth from acquisitions of 17.1% ► Negative currency impact of 1.1% Q4 2007 Q4 2008 2008 FY revenue ► Flat organic growth (0.0%) 248.0 Satisfactory occupational health & safety (€m) +20.3% En

  13. Slide 13: Construction

    Construction (€m) +6.4% 123.0 Q4 2008 revenue 115.6 ► Organic growth of 2.1% ► Growth from acquisitions of 2.5% ► Positive currency impact of 1.8% Q4 2007 Q4 2008 2008 FY revenue ► Organic growth of 5.9% : uneven performances (€m) Strong performance in Infrastructures inspection 464.4 +18.5% markets

  14. Slide 14: Certification

    Certification 81.3 +10.9% (€m) 73.3 Q4 2008 revenue ► Organic growth of 9.9% ► Growth from acquisitions of 1.3% ► Negative currency impact of 0.3% Q4 2007 Q4 2008 2008 FY revenue (€m) +12.2% ► Organic growth of 8.9% 273.3 Dynamic new sales on global contracts, 243.6 ISO 22000 (Food chain), ISO 27001

  15. Slide 15: Consumer Products

    Consumer Products +28.4% 88.6 (€m) Q4 2008 revenue 69.0 ► Organic growth of 20.1% ► Growth from acquisitions of 0.8% ► Positive currency impact of 7.5% Q4 2007 Q4 2008 2008 FY revenue ► Organic growth of 23.6% (€m) Sustained growth in analytical testing for toys and +18.2% 306.4 hardlines with the U

  16. Slide 16: Government Services & International Trade

    Government Services & International Trade (€m) +13.2% 41.1 Q4 2008 revenue 36.3 ► Organic growth of 12.6% ► Positive currency impact of 0.7% Q4 2007(*) Q4 2008(*) (€m) 2008 FY revenue ► Organic growth of 10.0% +9.4% in Government Services (78% of revenue) +8.1% 151.6 New scanner contracts (Mali and

  17. Slide 17: Outlook

    Outlook Frank Piedelièvre Copyright©2009 Bureau Veritas - All rights reserved. 17

  18. Slide 18: Outlook

    Outlook ► Perspectives for 2009 Although it is difficult to provide estimates in the current economic environment, Bureau Veritas' business should continue to grow in 2009, albeit at a slower pace than in 2008. The group aims to maintain its operating margin. Bureau Veritas’ resilience is due to the

  19. Slide 19: Q&A

    Q&A Copyright©2009 Bureau Veritas - All rights reserved. 19

  20. Slide 20: 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 documents fi

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