Sodexo SA · EURONEXT:SW
Sodexo SA — Q1 2015 Earnings Presentation
25 slides from Sodexo SA's earnings presentation, Jan 9, 2015
Slide 1: First-Quarter Fiscal 2015 Revenues
FIRST-QUARTER FISCAL 2015 REVENUES January 9, 2015
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains statements that may be considered forward-looking statements and as such may not relate strictly to historical or current facts. These statements represent management's views as of the date they are made and we assume no obligation to update them
Slide 3: Agenda
AGENDA 1. FIRST-QUARTER FISCAL 2015 REVENUES 2. ON-SITE SERVICES 3. BENEFITS AND REWARDS SERVICES 4. FISCAL 2015 OUTLOOK 5. APPENDIX 3 – Q1 Fiscal 2015 Revenues - January 9, 2015
Slide 4: First-Quarter Fiscal 2015 Revenues
1 FIRST-QUARTER FISCAL 2015 REVENUES 4 – Q1 Fiscal 2015 Revenues - January 9, 2015
Slide 5: Organic revenue growth of 2.3%
FIRST QUARTER FISCAL 2015 ORGANIC REVENUE GROWTH Growth driven by integrated Quality of Life Services offer Benefits and Rewards Services: sustained strong momentum On-site Services: - Average growth of close to 5% for facilities management services - Return to growth for Remote Sites Organic gr
Slide 6: Revenue Growth
FIRST QUARTER FISCAL 2015 REVENUE GROWTH € millions +2.6% +2.3% Favorable Organic growth* currency effect 5,083 4,856 -0.2% Changes in scope of consolidation +4.7% OVERALL GROWTH Q1 Fiscal 2014 Q1 Fiscal 2015 * Organic growth: increase in revenues at constant scope of consolidation and exchange rate
Slide 7: Quality of Life Services Contract Wins
FIRST QUARTER FISCAL 2015 QUALITY OF LIFE SERVICES CONTRACT WINS CORPORATE DIAGEO in the United Kingdom and Ireland Facilities management services on 70 sites Vipshop - e-commerce company in China REMOTE SITES Samsung Engineering in the United Arab Emirates Facilities management services HEALTH CARE
Slide 8: Quality of Life Services Contract Wins
FIRST QUARTER FISCAL 2015 QUALITY OF LIFE SERVICES CONTRACT WINS DEFENSE Telsite in French Polynesia Designing, supplying and managing the remote site in charge of consolidating the Mururoa Atoll JUSTICE Transforming Rehabilitation Program in the United Kingdom Offender rehabilitation program in six
Slide 9: On-Site Services
2 ON-SITE SERVICES 9 – Q1 Fiscal 2015 Revenues - January 9, 2015
Slide 10: On-Site Services: Organic Growth Up 1.9%
ON-SITE SERVICES ORGANIC GROWTH UP 1.9% North America United Kingdom and Ireland +1.4% +6.1% Continental Europe +0% Rest of the World +4.5% 10 – Q1 Fiscal 2015 Revenues - January 9, 2015
Slide 11: Organic Growth by Client Segment
ON-SITE SERVICES ORGANIC GROWTH BY CLIENT SEGMENT Corporate Sustained growth in North America +4.0% and the United Kingdom Significant contribution from facilities management services in all regions Return to growth for Remote Sites (+3.2%) Health Care and Seniors Limited business developmen
Slide 12: North America
ON-SITE SERVICES NORTH AMERICA € millions Revenues Corporate +6.1% Strong demand thanks to integrated Favorable 2,082 Quality of Life Services offer Organic currency effect 1,935 growth Changes in scope of consolidation Health Care and Seniors -1.1% Voluntary withdrawal from part +1.4% of the HC
Slide 13: Continental Europe
ON-SITE SERVICES CONTINENTAL EUROPE € millions Revenues Corporate +2.9% Decline in foodservices volumes offset by the continued success 1,525 1,513 of facilities management services Unfavorable currency effect Health Care and Seniors -2.5% + 0% Weak growth at existing sites CHANGE Slower pace
Slide 14: Rest of the World
ON-SITE SERVICES REST OF THE WORLD € millions Revenues Corporate +3.1% Organic growth 891 Return to growth in Remote Sites 853 (+4.1%) Unfavorable currency effect Strong growth in India, Southeast Asia and Chile +4.5% ORGANIC Health Care and Seniors +23.3% GROWTH Faster growth due to contract
Slide 15: United Kingdom and Ireland
ON-SITE SERVICES UNITED KINGDOM AND IRELAND € millions Revenues Corporate +6.6% Favorable Start-up of numerous integrated currency effect 400 services contracts Organic growth 353 One-off services under the Justice contract with Northumberland County +6.1% Health Care and Seniors +5.2% ORGANIC G
Slide 16: Benefits and Rewards Services
3 BENEFITS AND REWARDS SERVICES 16 – Q1 Fiscal 2015 Revenues - January 9, 2015
Slide 17: Issue Volume and Revenues
BENEFITS AND REWARDS SERVICES ISSUE VOLUME AND REVENUES Group Issue Volume Revenues € billions € millions Organic growth Acquisitions Organic 4.2 4.2 growth Acquisitions 198 Unfavorable 191 currency Unfavorable effect currency effect +7.0% +12.1% ORGANIC ORGANIC GROWTH* GROWTH* Q1 Fiscal 2014 Q1 Fis
Slide 18: Issue Volume and Revenues: Latin America
BENEFITS AND REWARDS SERVICES ISSUE VOLUME AND REVENUES Latin America Issue Volume Revenues € billions € millions Organic growth Organic growth 2,0 2,0 109 109 Unfavorable Unfavorable currency effect currency effect +13.2% +17.1% ORGANIC ORGANIC GROWTH* GROWTH* Q1 Fiscal 2014 Q1 Fiscal 2015 Q1 Fisca
Slide 19: Issue Volume and Revenues: Europe and Asia
BENEFITS AND REWARDS SERVICES ISSUE VOLUME AND REVENUES Europe and Asia Issue Volume Revenues € billions € millions Favorable Favorable Organic currency 2.2 growth Acquisitions currency effect 2.2 Organic growth Acquisitions effect 89 82 + 2.0% + 6.3% ORGANIC ORGANIC GROWTH GROWTH Q1 Fiscal 2014 Q1
Slide 20: Outlook for Fiscal 2015
4 OUTLOOK FOR FISCAL 2015 20 – Q1 Fiscal 2015 Revenues - January 9, 2015
Slide 21: Fiscal 2015 Objectives
OUTLOOK FISCAL 2015 OBJECTIVES As indicated last November, Sodexo’s objectives are: Organic revenue growth of around 3% and an increase in operating profit of around 10% (excluding currency effects and exceptional items). As a result, operating margin is targeted to increase by 0.8% over the two- ye
Slide 22: Thank You!
THANK YOU! 22 – Q1 Fiscal 2015 Revenues - January 9, 2015
Slide 23: Questions & Answers
Questions & Answers 23 – Q1 Fiscal 2015 Revenues - January 9, 2015
Slide 24: Appendix
5 APPENDIX 24 – Q1 Fiscal 2015 Revenues - January 9, 2015
Slide 25: Principal Exchange Rates
APPENDIX PRINCIPAL EXCHANGE RATES 1€ = Average rate Average rate Revenue impact Change Q1 Fiscal 2015 Q1 Fiscal 2014 (in € millions) U.S. dollar 1.2643 1.3522 +6.9% +129 Pound Sterling 0.7855 0.8431 +7.3% +28 Brazilian Real 3.0737 3.0563 -0.6% (1.6) Bolivar Fuerte 63.74 67.34* +5.6% +0.3 * First-qua