Worldline Sa · EURONEXT:WLN
Worldline Sa — Ingenico Group — Q1 2018 Earnings Presentation
20 slides from Worldline Sa's earnings presentation, Apr 25, 2018
Slide 1: Q1 2018 Revenues
APRIL 25TH 2018 Q1 2018 REVENUES
Slide 2: Performance consistent with our FY2018 expectations
Performance consistent with our FY2018 expectations Revenues: 581m • Organic growth*: -5% • Organic growth* excl. Indian demonetization & PCI v1 in Europe: +3% Key Highlights • Strong growth of SMB business with Bambora delivering in line with expectations at acquisition • Double digit growth in Glo
Slide 3: 2018 Outlook: Outlook reiterated
2018 OUTLOOK Outlook reiterated Guidance 2018: 545m - 570m EBITDA range • Includes c. 25-30m estimated negative impact from currencies • FCF Conversion > 45%* Organic growth trends at the Group level • • Organic growth trends at Business U • Retail: Double digit growth with operational deployment •
Slide 4: Operational highlights
Operational highlights Bambora integration on-track to deliver expected synergies • Global online platform connected to Bambora acquiring • Development of cross-selling opportunities Paymark acquisition to strengthen our positions in the Pacific region • Agreement signed in January 2018 to acquire P
Slide 5: Organic growth -5%
ORGANIC GROWTH -5% organic growth* Revenue (in M) Year-on year 656 • Organic impact: -5% • Organic excl. Indian demonetization and PCI v1: +3% 594 581 • FX impact: - 40m Banks & Acquirers • Organic impact: -15% • Organic excl. Indian demonetization and PCI v1: -1% • FX impact: - 22m Retail • Organic
Slide 6: Retail: Delivering value directly to all merchant segments
RETAIL DELIVERING VALUE DIRECTLY TO ALL MERCHANT SEGMENTS 6 Ingenico Group Q1 2018 revenues
Slide 7: Retail Overview
RETAIL Overview Revenue contribution (in M) +13 +2 320 (18) 299 +10 302 (4) 295 * Includes acquisitions at 100% on a full year basis 7 Ingenico Group Q1 2018 revenues
Slide 8: Retail Business lines dynamics
RETAIL Business lines dynamics 29% 40% 31% SMBs GLOBAL ONLINE ENTERPRISE (+13%*) (+11%*) (-2%*) • Average of 4,000 merchants • India: merger of Techprocess and • Strong performance of our onboarded per month EBS completed payment services activities (+13%*) • Bambora growth contribution in • Global
Slide 9: Bambora integration on track to deliver expected synergies
Bambora integration on track to deliver expected synergies Acquiring migration New acquiring Ogone deployment Clients representing 1bn of volumes Develop cross-selling transaction flows per year opportunities. Ogone connected already migrated into our Use acquiring capabilities as a to acquiring cap
Slide 10: Growth dynamics in line with expectations
Growth dynamics in line with expectations 7% organic growth > 10% organic growth • SMB performance in line • SMB impacted by German • Growth acceleration in SMB with our expectations activities (pilot ongoing) activities with Ogone and Germany ramping-up • Double-digit growth on • Non-recurring low
Slide 11: Banks & Acquirers: allowing partners to differentiate through innovation
BANKS & ACQUIRERS ALLOWING PARTNERS TO DIFFERENTIATE THROUGH INNOVATION AND VALUE-ADDED SERVICES 11 Ingenico Group Q1 2018 revenues
Slide 12: Acquirers Overview
ACQUIRERS Overview Revenue contribution (in M) 354 (43) 305 (1) (1) (3) (0) 301 (21) 280 * Includes acquisitions at 100% on a full year basis 12 Ingenico Group Q1 2018 revenues
Slide 13: Region dynamics
Region dynamics 41% EMEA (-14%*) North America (-7%*) 11% • Performance impacted by the comparison basis related PCI v1 • Strong performance of Russia • Strong adoption of our mobile and Middle-East countries solutions illustrated by new contract gains (ISV specialized in • Eastern Europe impacted b
Slide 14: Confidence in 2018 pick-up
Confidence in 2018 pick-up -15% organic growth Low single digit > 5% organic growth organic decline • Unfavorable comparison • Lower impact from Indian • Confidence in growth basis demonetization and PCI v1 acceleration ( 30-35m) • -1% organic growth • Strong pipeline of excluding Indian • Back to o
Slide 15: Conclusion: Deliver sales performance to merchants
CONCLUSION Deliver sales performance to merchants 15 Ingenico Group Q1 2018 revenues
Slide 16: Ingenico Mid-term outlook
INGENICO Mid-term outlook Right organization Right offer • International footprint • End-to-end solutions • Client centric • Differentiated value proposition to deliver sales performance for • Competencies to address all merchants merchants and partners • Innovative open android payment platforms 20
Slide 17: Appendices
APPENDICES 17 Ingenico Group Q1 2018 revenues
Slide 18: Full Year '17 reported and pro forma figures
FULL YEAR'17 Reported and pro forma figures 1. NEW ORGANIZATONAL REPORTING ON A REPORTED BASIS In millions of euros Q1 2017 Q2 2017 Q3 2017 Q4 2017 2017 Retail 243 272 260 325 1,099 SMBs 33 35 35 72 175 Global Online 111 127 124 131 494 Enterprise 99 110 101 122 434 Banks & Acquirers 351 356 337 367
Slide 19: Disclaimer
DISCLAIMER This document includes forward‐looking statements relating to Ingenico future prospects, development and business strategies. By their nature, forward‐looking statements involve risks and uncertainties and are not guarantees of future performance. Ingenico financial condition and results
Slide 20: Investor Relations
INVESTOR RELATIONS Laurent MARIE, VP Investor Relations (T): +33 1 58 01 92 98 (M): +33 7 84 50 18 90 Kevin WORINGER, Investor Relations Manager (T): +33 1 58 01 85 09 (M): +33 6 02 18 59 08 20 Ingenico Group Q1 2018 revenues