Capgemini Se · EURONEXT:CAP
Capgemini — Capgemini Se Ord — Q1 2025 Earnings Presentation
23 slides from Capgemini's earnings presentation, Apr 29, 2025
Slide 1: Q1 2025 Revenues
Q1 2025 Revenues April 29, 2025
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements. Such statements may include projections, estimates, assumptions, statements regarding plans, objectives, intentions and/or expectations with respect to future financial results, events, operations and services and product developme
Slide 3: Aiman Ezzat, Chief Executive Officer
Aiman EZZAT Chief Executive Officer
Slide 4: Q1 performance slightly better than our expectations
Q1 performance slightly better than our expectations Q1 REVENUES Q1 BOOKINGS -0.4% +2.8% € 5,553M 1.06 book-to-bill Constant Currency Growth Q1 2025 Revenues | April 29, 2025 © Capgemini 2025. All rights reserved | 4
Slide 5: Positive trends, though manufacturing still weighs
Positive trends, though manufacturing still weighs BUSINESSES SECTORS UK & Ireland Strategy & North America +3.9% Transformation Manufacturing -5.9% +0.8% France +1.2% -4.9% Rest of Europe Applications & Financial -2.3% Technology Services Asia Pacific & Latin America +1.9% +2.0% +7.6% Operations &
Slide 6: Fueling client success with our value-added solutions
Fueling client success with our value-added solutions DATA & AI CLOUD GLOBAL EUROPEAN US APAC INTELLIGENT SPACE DEFENSE LIFE SCIENCES PUBLIC SECTOR INDUSTRY Space Systems Structural Global Engineering Manufacturing Cloud data Public Cloud Engineering Digital Twin Transformation Execution System anal
Slide 7: Leveraging our strong position in Defense in Europe
Leveraging our strong position in Defense in Europe A strong position coupled with a double-digit growth dynamics €1bn +12% Ready to catch the market traction with our defense acceleration FY 2024 revenue YOY growth program FY 2024 revenue European Generating value for our clients across the value c
Slide 8: Well positioned to leverage the agentic AI trends
Well positioned to leverage the agentic AI trends Leveraging a strong set of assets and capabilities on Generative AI and Agentic AI Main Capgemini assets 25 Strategic partnerships Unified platform to Custom AI agents Custom AI agents for create, orchestrate Custom AI agents for Custom AI agents for
Slide 9: 2025 Outlook
2025 Outlook REVENUE GROWTH OPERATING MARGIN ORGANIC FCF -2.0% 13.3% around to +2.0% to 13.5% € 1.9bn at constant exchange rates Q1 2025 Revenues | April 29, 2025 © Capgemini 2025. All rights reserved | 9
Slide 10: Nive Bhagat, Chief Financial Officer
Nive BHAGAT Chief Financial Officer
Slide 11: Quarterly Revenue Growth
Quarterly Revenue Growth in € m Constant Currency Growth Q1: -0.4% YoY 5,527 5,611 5,581 5,553 5,377 Q1 2025 Year-on-Year Constant Currency -0.4% Currencies +0.9pts Reported +0.5% Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Constant currency growth YOY (in %) -3.3% -1.9% -1.6% -1.1% -0.4% Q1 2025 Revenu
Slide 12: Revenues by Sector
Revenues by Sector Financial Consumer Telco, Media & Energy & Manufacturing Public Sector Services Services Goods & Retail Technology Utilities Year-on-year revenue growth at constant currency in % of FY24 21% 15% 13% revenues 27% 11% 8% 5% Q1 2025 Revenues -5.9% +2.0% +2.7% -1.5% +3.8% +2.5% -1.8%
Slide 13: Revenues by Region
Revenues by Region North America UK & Ireland France Rest of Europe APAC & LATAM Revenues in € m, year-on-year revenue growth at constant currency in % of FY24 12% 20% revenues 28% 31% 9% Q1 2025 1,582 728 1,076 1,689 478 5,553 Revenues +0.8% +3.9% -4.9% -2.3% +7.6% -0.4% Q1 2025 Revenues | April 29
Slide 14: Revenues by Business
Revenues by Business Strategy & Applications & Operations & Transformation Technology Engineering 29% Year-on-year Operations & Engineering revenue growth at constant currency 9% Strategy & Transformation 62% Applications & Technology Q1 2025 +1.2% +1.9% -2.6% Revenues in % of FY24 revenues Note: ac
Slide 15: Bookings & Book-to-Bill
Bookings & Book-to-Bill Quarterly Book-to-Bill 1.02 1.09 0.97 1.22 1.06 Bookings 6.8 in € bn 6.1 5.9 5.7 5.2 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Constant currency growth YOY (in %) -3.5% +0.0% -0.8% +1.9% +2.8% Q1 2025 Revenues | April 29, 2025 © Capgemini 2025. All rights reserved | 15
Slide 16: Headcount Evolution
Headcount Evolution Headcount Evolution Last-12-Months Attrition Mar. 2024 Net variation Net variation Mar. 2025 Offshore Onshore +1.6% 16.1% +0.1pts Year-on-Year Year-on-Year 337,200 +7,500 -2,000 342,700 Q1 2025 Revenues | April 29, 2025 © Capgemini 2025. All rights reserved | 16
Slide 17: Q&A
Q&A Aiman EZZAT Nive BHAGAT Chief Executive Officer Chief Financial Officer
Slide 18: Appendix
Appendix Capgemini®
Slide 19: Appendix - Index
Appendix - Index 1. Alternate Performance Measures 2. Revenue Quarterly Evolution 3. Attrition, Utilization & Offshore Leverage Q1 2025 Revenues | April 29, 2025 © Capgemini 2025. All rights reserved | 19
Slide 20: Alternate Performance Measures
Alternate Performance Measures ▐ Year-on-year revenue growth at constant exchange rates is calculated by comparing revenues for the reported period with those of the same period of the previous year restated with the exchange rates of the reported period. ▐ When determining activity trends by busine
Slide 21: Revenue Quarterly Evolution
Revenue Quarterly Evolution Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Revenues (in € m) 5,527 5,611 5,377 5,581 5,553 Year-on-Year CC growth -3.3% -1.9% -1.6% -1.1% -0.4% Year-on-Year CC growth by Region North America -7.1% -3.7% -3.9% -1.6% +0.8% UK & Ireland -3.2% -2.5% +0.4% +1.5% +3.9% France -2.8
Slide 22: Attrition, Utilization & Offshore Leverage
Attrition, Utilization & Offshore Leverage Strategy & Transformation Applications & Technology Operations & Engineering LTM Attrition LTM Attrition LTM Attrition 15.5% +1.5pts 15.4% +0.7pts 17.1% -0.8pts Year-on-Year Year-on-Year Year-on-Year Utilization Rate Utilization Rate 79% 80% 80% 81% 79% Gro
Slide 23: About Capgemini
About Capgemini Biraud, Vincent Massoni, Patrick Head of Investor Relations Senior Manager, Investor Relations Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible i