Bureau Veritas Sa · EURONEXT:BVI
Bureau Veritas Sa — Q3 2012 Earnings Presentation
23 slides from Bureau Veritas Sa's earnings presentation, Nov 6, 2012
Slide 1: Q3 2012 Trading Update
Q3 2012 TRADING UPDATE November 6, 2012
Slide 2: 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 Document de
Slide 3: Agenda
Agenda KEY HIGHLIGHTS BUSINESS REVIEW OUTLOOK Q&A 3
Slide 4: Key Highlights
Sami Badarani Chief Financial Officer KEY HIGHLIGHTS 4
Slide 5: A balanced portfolio
A balanced portfolio 9M 2012 revenue GSIT Marine 7% 8% Americas Asia Pacific Consumer 29% 23% Products 12% Industry 22% Commodities 18% EMEA 48% Certification IVS 12% 9% Construction 12% Fast growing zones 54% IVS: In-Service Inspection & Verification Latin America, Asia ex. Japan, Pacific , Eastern
Slide 6: Revenue
Revenue (EUR millions) +4.1% +4.4% 2,860.8 +8.1% 2,453.1 +16.6% 9M 2011 Organic Scope Currency 9M 2012 830.3 +8.1% +6.6% +5.6% 999.2 Q3 2011 Q3 2012 © - Copyright Bureau Veritas November 6, 2012 6
Slide 7: Growth by business
Growth by business Total growth Organic growth 9M 9M Q3 Industry +31.1% +16.4% +14.3% Commodities +29.6% +14.1% +14.6% ~60% GSIT +28.7% +25.8% +34.3% revenue Consumer Products +15.9% +6.7% +9.4% Certification +8.6% +5.8% +5.2% ~20% IVS +5.4% +3.2% +0.9% Construction +1.9% (4.5)% (7.6)% ~20% Marine +
Slide 8: Business Review
Didier Michaud-Daniel Chief Executive Officer BUSINESS REVIEW 8
Slide 9: Marine
Marine Revenue evolution (EUR millions) 9M 2012 Highlights New construction: 49% of revenue New orders at GRT 3.6m (38)% yoy +1.0% Order book at GRT17.5m In-service business: 51% of revenue 235.9 +3.9% 238.3 Fleet: 10,171 ships +3.8% yoy GRT 93.8m +12% (2.9)% Outlook In-service increase partially co
Slide 10: Industry
Industry Revenue evolution (EUR millions) 9M 2012 Highlights Sustained growth in Oil&Gas, Power, +31.1% Fast growing zones Increase share of large accounts 633.7 +16.4% +10.7% +4.0% Major key wins in Colombia, Australia, 483.3 China Outlook Continuous growth from: Oil & Gas Capex Asset integrity man
Slide 11: In-service Inspection & Verification
In-service Inspection & Verification Revenue evolution (EUR millions) 9M 2012 Highlights Double digit growth in Latin America, China +5.4% Resilient growth in mature economies +1.9% except Spain 332.5 +3.2% +0.3% 350.6 Outlook Overall resilience of the business 9M Organic Scope Currency 9M 2011 2012
Slide 12: Construction
Construction Revenue evolution (EUR millions) 9M 2012 Highlights Slowdown in Europe +1.9% Good performance in Japan +2.9% 331.9 Sustained growth in fast growing 325.7 +3.5% geographies Rightsizing of operations and portfolio (4.5)% rationalization in Spain Outlook Measures taken to manage difficult
Slide 13: Certification
Certification (EUR millions) 9M 2012 Highlights Revenue evolution Strong growth in fast growing zones +8.6% Resilience in mature countries New products: fluids, timber, supply +2.6% 247.1 chain, sustainability +5.8% +0.2% 227.6 Global contracts Outlook Resilient organic growth: Recurring business mo
Slide 14: Commodities
Commodities Revenue evolution (EUR millions) 9M 2012 Highlights Solid growth in Oil &Petrochemicals (O&P) +29.6% from new services High growth in Metals & Minerals (M&M) 527.4 despite recent slowdown in exploration +8.7% +6.8% +14.1% Strong growth in coal business (South 406.8 Africa, Indonesia) Out
Slide 15: Consumer Products
Consumer Products Revenue evolution (EUR millions) 9M 2012 Highlights Softlines expansion in India, Bangladesh +15.9% and North China, JC Penney ramp-up Electricals & Electronics (E&E) strong +8.1% 328.6 growth driven by mobiles +6.7% +1.1% 283.4 Continued toys testing reduction Investments in autom
Slide 16: Government Services & International Trade
Government Services & International Trade Revenue evolution (EUR millions) 9M 2012 Highlights Increased volume in existing +28.7% contracts in Africa: Ivory Coast, Conakry Guinea, Angola, RDC +25.8% +2.1% +0.8% 203.2 Ramp-up of Iraq and Kurdistan contracts 157.9 Outlook Sustained growth but higher c
Slide 17: Outlook
Didier Michaud-Daniel Chief Executive Officer OUTLOOK 17
Slide 18: Outlook
Outlook ► Outlook Considering 9M achievements and despite challenging economic environment, the Group should, as expected, deliver strong growth in 2012 revenue and adjusted operating profit, in line with BV2015 strategic plan. ► BV2015 Financial objectives for 2012-2015 Revenue (1) : +9-12% / year
Slide 19: Q&A
Q&A BUREAU VERITAS 19
Slide 20: Appendix
APPENDIX BUREAU VERITAS 20
Slide 21: Revenue by business
Revenue by business Q3 2012 9M 2012 EURm Organic Scope FX EURm Organic Scope FX Marine 77.6 (3.2)% - +5.0% 238.3 (2.9)% - +3.9% Industry 233.7 +14.3% +17.2% +5.1% 633.7 +16.4% +10.7% +4.0% IVS 111.8 +0.9% +0.4% +2.8% 350.6 +3.2% +0.3% +1.9% Construction 107.8 (7.6)% +4.4% +3.7% 331.9 (4.5)% +3.5% +2
Slide 22: Acquisitions completed year-to-date
Acquisitions completed year-to-date Name Date Description Country Pockrandt Jan. 12 Non Destructive Testing Germany Acme Feb. 12 Metals & Minerals Testing Canada HuaXia Feb. 12 Construction compliance conformity China ACR Feb. 12 Infrastructure compliance conformity France JCS Feb. 12 Food laborator
Slide 23: Bureau Veritas - Move Forward with Confidence
BUREAU Move Forward with Confidence