19 slides from Cgi Inc. Class A's earnings presentation, Feb 1, 2023
Slide 1: First Quarter Fiscal 2023 Financial results and highlights
First Quarter Fiscal 2023 Financial results and highlights For the three months ended December 31, 2022 and 2021 February 1, 2023
Slide 2: Forward-Looking Information and Statements
Forward-Looking Information and Statements Our presentations contain “forward-looking information ”within the meaning of Canadian securities laws and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable United Stat
Slide 3: George D. Schindler and Steve Perron
George D. Schindler Steve Perron President and Chief Executive Vice-President and Executive Officer Chief Financial Officer © 2023 CGI Inc. 3
Slide 4: Financial highlights: Q1 F2023
Financial highlights: Q1 F2023 vs Q1 F2022 Revenue $3.45B ▲ 11.6% Constant currency growth1 ▲ 12.3% Adjusted EBIT1 $554M ▲ 6.3% Adjusted EBIT margin1 16.1% ▼ (80 bps) Net earnings $382M ▲ 4.1% Net earnings margin2 11.1% ▼ (80 bps) Net earnings excluding specific items1 $398M ▲ 7.8% Net earnings marg
Slide 5: CEO remarks
CEO remarks “CGI began fiscal year 2023 with positive momentum, delivering sustained double-digit increases in both constant currency revenue growth and EPS accretion,” said George D. Schindler, President and Chief Executive Officer. “Our ongoing investments continued to deliver value for all of our
Slide 6: Consultants & Professionals talent profile
Talent profile Consultants & Professionals 17.2% voluntary attrition (below industry 34% 84%* Balanced +10.1% Average) identify as female are shareholders delivery model year-over-year through our +90 bps year-over-year Share Purchase Plan increase 62% Proximity Improving representation of A culture
Slide 7: Revenue performance: Q1 F2023
Revenue performance: Q1 F2023 Revenue mix $3,450 $3,092 +11.6% +12.3% in constant currency* Q1 F2022 Q1 F2023 Dollar figures in millions * Constant currency growth is a non-GAAP measure for which we provide the reconciliation to the closest IFRS measure in the Q1 F2023 MD&A © 2023 CGI Inc. 7
Slide 8: Financial highlights: Q1 F2023
Financial highlights: Q1 F2023 (in dollars and % of revenue) Adjusted EBIT Cash provided by operating Net earnings and margin, Diluted EPS and margin* activities* excluding specific items* excluding specific items* $605 +6.3% $554 +25.0% +7.8% $398 $1.66 $521 +10.7% $369 $484 15.7% 17.5% 11.5% 11.9%
Slide 9: Demand for end-to-end services driving bookings
Demand for end-to-end services driving bookings Book-to-bill ratio 109% for the last twelve months Q1 F2023 bookings* Q1 F2023 Book-to-bill ratio* Bookings by contract type Bookings by service type Managed IT and business New business process services 32% 56% 68% Business and strategic IT consulting
Slide 10: Segmented Results (quarterly)
Segmented Results (quarterly) Q1 F2023 Q1 F2022 Revenue Adjusted EBIT* Revenue Adjusted EBIT* In millions of CAD $ $ % $ $ % Western and Southern Europe 628.1 77.4 12.3% 503.5 78.4 15.6% U.S. Commercial and State Government 566.0 82.3 14.5% 483.4 71.7 14.8% Canada 506.4 119.0 23.5% 465.5 119.3 25.6%
Slide 11: Cash provided by operating activities
Cash provided by operating activities* Q1 F2023 LAST 12 MONTHS $2.53 $8.24 per share* per share* 17.5% 15.0% of revenue of revenue P r i o r ye a r p e r i o d $ 4 8 4 M P r i o r ye a r p e r i o d $ 2 . 0 B *Cash provided by operating activities per diluted share is a key performance measure of ou
Slide 12: Capital Structure Ratios
Capital Structure Ratios Return on Invested Capital* Return on Equity* Net Debt to Capitalization* ▲ versus 1 5 . 3 % i n Q 1 F 2 0 2 2 ▲ versus 2 0 . 3 % i n Q 1 F 2 0 2 2 ▼ versus 2 7 . 8 % i n Q 1 F 2 0 2 2 * Net debt to capitalization and return on invested capital are non-GAAP measures for whic
Slide 13: Revenue Trend
Revenue Trend Revenue of $3,450 million, year-over-year growth of 11.6% or 12.3% on a constant currency basis In millions Revenue $3,500 12.3% 20.0% Growth $3,400 15.0% $3,300 $3,200 10.0% $3,100 11.6% 5.0% $3,000 $2,900 0.0% $2,800 -5.0% $2,700 $2,600 -10.0% $2,500 -15.0% $2,400 $2,300 -20.0% $2,20
Slide 14: Adjusted EBIT Trend
Adjusted EBIT Trend* Adjusted EBIT of $554 million; margin of 16.1%, down 80 basis from Q1 F2022 In millions Adjusted EBIT* 16.1% Adjusted EBIT margin* $600 18.0% 17.0% $500 16.0% $400 15.0% $300 14.0% 13.0% $200 12.0% $100 11.0% $0 10.0% * Adjusted EBIT and adjusted EBIT margin are non-GAAP measure
Slide 15: Net Earnings Margin and Diluted EPS Trend
Net Earnings Margin* and Diluted EPS* Trend Net earnings of $382 million – diluted EPS of $1.60, up 7.4% from Q1 F2022 Diluted EPS Net earnings margin* $1.80 13% $1.60 11.1% 12% $1.40 11% $1.20 10% $1.00 9% $0.80 8% $0.60 7% $0.40 $0.20 6% $0.00 5% * Net earnings margin and diluted earnings per shar
Slide 16: Net Earnings Margin and Diluted EPS Trend, excluding specific items
Net Earnings Margin* and Diluted EPS* Trend Excluding specific items* Net earnings excluding specific items* of $398 million – diluted EPS of $1.66 excluding specific items*, up 10.7% from Q1 F2022 Diluted EPS - excl. specific items* $1.80 12.5% 11.5% Net earnings margin - excl. specific items* $1.6
Slide 17: Net Debt Trend
Net Debt* Trend Net debt at $2.50 billion or 24.1% net debt to capitalization ratio, down 370 basis points from Q1 F2022 In millions Net debt * $4,000 40% Net debt to capitalization ratio* $3,500 35% 24.1% $3,000 30% $2,500 25% $2,000 20% $1,500 15% $1,000 10% $500 5% $0 0% * Net debt and net debt t
Slide 18: F2022 ESG targets, progress and achievements
F2022 ESG targets, progress and achievements Our goal: To be recognized by our stakeholders as an engaged, ethical, and responsible corporate citizen ENVIRONMENT SOCIAL GOVERNANCE Climate priority People priority • Data privacy and security • Operating under approved Binding Corporate Rules (conside
Slide 19: Contact our investor relations team to continue the conversation
Contact our investor relations team to continue the conversation Kevin Linder Senior Vice-President, Investor Relations kevin.linder@cgi.com +1-905-973-8363 Christina Leclerc Director, Investor Relations christina.leclerc@cgi.com +1-514-978-5448 IR@cgi.com cgi.com For more information: cgi.com/inves