Tieto Corporation · OMXHEX:TIETO
Tieto — TietoEnator — Shareholder Meeting (March 2008)
15 slides from Tieto's shareholder meeting presentation, Mar 27, 2008
Slide 1: TietoEnator's Annual General Meeting 27 March 2008
TietoEnator’s Annual General Meeting 27 March 2008 President and CEO Hannu Syrjälä
Slide 2: TietoEnator in 2007
TietoEnator in 2007. . General IT market active, high level of competition . TietoEnator grew faster than the market, development in profitability not as expected . Revised strategy and updated financial long-term targets . Performance Improvement Programme . New President and CEO 2008-03-05 Copyrig
Slide 3: Key figures 2007
Key figures 2007. . Net sales growth 8% to EUR 1 772.4 million . Organic growth 9% . Operating profit (EBIT) EUR 1.3 million . Operating profit burdened by one-off items of EUR 104.7 million . EPS EUR -0.44 (1.15) . Equity ratio 40% (48) . Personnel 16 324 (14 597) . Proposed dividend EUR 0.50 per s
Slide 4: Net sales by industry segment
Net sales by industry segment. 4% Banking and insurance 5% 6% 22% Telecom and media 6% Public Forest 5% Energy Manufacturing 15% Retail & Logistics 37% Other 2008-03-05 Copyright © 2008 TietoEnator Corporation Page 4
Slide 5: Net sales and operating margin by country
Net sales and operating margin by country. EBIT % 2007 2006 Finland 12 15 13% Sweden 1 2 5% Finland Other neg neg Sweden 45% 9% Germany Norway Other 28% 2008-03-05 Copyright © 2008 TietoEnator Corporation Page 5
Slide 6: Strategy and Performance Improvement Programme
Strategy and Performance Improvement Programme.
Slide 7: Full-scale IT services in the home markets
Full-scale IT services in the home markets. . Strong position as a partner to many leading Nordic companies . Serving domestic core customers in their main markets, also worldwide Banking, Energy, Forest, Government, Healthcare, Insurance, Manufacturing, Media, Retail, Telecom, Welfare 2008-03-05 Co
Slide 8: Highly specialized solutions for selected industries worldwide
Highly specialized solutions for selected industries worldwide. . Leading position in telecom R&D services . Good market position in the forest and oil & gas industries Telecom R&D, Forest, Oil & Gas 2008-03-05 Copyright © 2008 TietoEnator Corporation Page 8
Slide 9: Net sales growth stronger than market growth
Net sales growth stronger than market growth. 12 10 8 TietoEnator net sales growth Market growth in % 6 Nordic countries 4 2 0 2005 2006 2007 Source: Pierre Audoin Consultants 2008-03-05 Copyright © 2008 TietoEnator Corporation Page 9
Slide 10: Strong growth continues
Strong growth continues. .New services in current markets .Target to increase market share in Sweden . Follow current customers to the Russian market . Collaboration with various leading and globally growing companies 2008-03-05 Copyright © 2008 TietoEnator Corporation Page 10
Slide 11: Trusted partner of leading companies
Trusted partner of leading companies. UPM
Slide 12: Target to increase global service production
Target to increase global service production. 3—5 years Headcount today Target Proportion of global sourcing in total headcount Proportion of onsite personnel 2008-03-05 Copyright © 2008 TietoEnator Corporation Page 12
Slide 13: Half of the offshore target reached
Half of the offshore target reached. . Number of people in offshore 3500 25 countries up 60% in 2007 . Combining onshore and offshore 3000 20 capabilities efficiently is the key to 2500 success 2000 15 1500 10 1000 5 500 0 0 2004 2005 2006 2007 Czech Tsekki and Poland ja Puola Baltics Baltian and ma
Slide 14: Performance Improvement Programme progressing as planned
Performance Improvement Programme progressing as planned. .Target of over EUR 100 million annual cost savings from the end of 2009 .The programme consists of three components . Increase the quality of services . Improve utilization of staff and facilities, reduce administrative costs and increase of
Slide 15: New basis for the future established
New basis for the future established. 2007 2008− Revised strategy Actions started, progressing as Performance planned Improvement Programme 2008-03-05 Copyright © 2008 TietoEnator Corporation Page 15