17 slides from Cgi Inc. Class A's earnings presentation, February 2019
Slide 1: First Quarter Fiscal 2019 Results
FIRST QUARTER FISCAL 2019 RESULTS For the three months ended December 31, 2018 © CGI Inc. 1
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. François and Schindler Boulanger
GEORGE D. FRANÇOIS SCHINDLER BOULANGER President and Executive Vice-President and Chief Executive Officer Chief Financial Officer © CGI Inc. 3
Slide 4: Strong Q1-F2019 results – organic growth continues to accelerate
Strong Q1-F2019 results – organic growth continues to accelerate vs Q1 F2018 Revenue $2.96B 5.2% Growth in constant currency 4.5% Adjusted EBIT* $439M 8.1% Adjusted EBIT margin* 14.8% 40 bps Net earnings $311M 9.2% Net earnings margin 10.5% 40 bps Net earnings excluding specific items* $315M 9.3% Ne
Slide 5: $3.0B in bookings - backlog grows to $23.3B, up $2.2B
$3.0B in bookings - backlog grows to $23.3B, up $2.2B Extensions & New renewals business Q1 F2019 43% $3.03B 102% 57% BOOKINGS BOOK-TO-BILL RATIO CONTRACT TYPE 46% TRAILING TWELVE MONTHS $13.55B 116% 54% Extensions & New renewals business Bookings and book-to-bill ratio are non-GAAP measures for whi
Slide 6: TTM Bookings of $13.55B and book-to-bill of 116%
TTM Bookings of $13.55B and book-to-bill of 116% Bookings (in thousands) Book-to-bill ratio Q1-F2019 TTM TTM Total CGI $3,030,796 $13,547,649 116.3% Western and Southern Europe $492,152 $1,980,379 97.5% Northern Europe $670,029 $2,494,540 132.5% Canada $408,957 $1,744,289 94.5% U.S. Commercial and S
Slide 7: Meeting the demand for digital with an integrated end-to-end portfolio of services
Meeting the demand for digital with an integrated end-to-end portfolio of services Revenue distribution • All signs point to continued growth in demand for our consulting and IT services. Management of IT & Systems business • Supporting client drives for better, more secure, integration functions di
Slide 8: Cash provided by operating activities
Cash provided by operating activities Q1 F2019 $392M 13.2% $1.39 CASH PROVIDED BY % OF REVENUE PER SHARE OPERATING ACTIVITIES TRAILING TWELVE MONTHS $1.5B 12.7% $5.15 Cash provided by operating activities is a non-GAAP measure for which we provide more details in the MD&A. © CGI Inc. 8
Slide 9: Well balanced profitability across all segments
Well balanced profitability across all segments Revenue and adjusted EBIT segmentation Revenue: $2.96B Adjusted EBIT: $439M Growth @cc of 4.5% Margin: 14.8% Central and Eastern Asia Pacific Asia Pacific Europe 5% Central and Western and 9% 9% Eastern Europe Southern Europe Western and 6% U.K. Southe
Slide 10: Strong profitability in Q1
Strong profitability in Q1 Adj. EBIT of $439 million, up $33 million; margin of 14.8%, up 40 bps from Q1-F18 In millions Adjusted EBIT $600 16% Adjusted EBIT margin 14% $500 14.8% 14.4% 12% $400 10% $300 8% 6% $200 4% $100 2% $0 0% Adjusted EBIT and adjusted EBIT margin is a non-GAAP measure for whi
Slide 11: Net earnings of $311M - EPS of $1.11, up 13.3%
Net earnings of $311M - EPS of $1.11, up 13.3% Net earnings margin of 10.5%, up 40 bps from Q1-F18 $1.20 12% GAAP Diluted EPS GAAP Net Margin 10.5% 10.1% $1.00 10% $0.80 8% $0.60 6% $0.40 4% $0.20 2% $0.00 0% © CGI Inc. 11
Slide 12: Net earnings ex-items of $315M - EPS of $1.12, up 13.1%
Net earnings ex-items of $315M - EPS of $1.12, up 13.1% Net earnings margin ex-items of 10.6%, up 40 bps from Q1-F18 $1.20 12% Diluted EPS - excl. specific items 10.6% Net Margin - excl. specific items 10.2% $1.00 10% $0.80 8% $0.60 6% $0.40 4% $0.20 2% $0.00 0% Net earnings, Net earnings margin and
Slide 13: $5.15 in cash per share over trailing twelve months
$5.15 in cash per share over trailing twelve months $1.5 billion provided by operating activities or 12.7% of TTM revenue In millions % revenue $1,600 TTM Cash flow from operations (CFO) 16% TTM CFO (% of revenue) $1,400 14% 12.9% 12.7% $1,200 12% $1,000 10% $800 8% $600 6% $400 4% $200 2% $0 0% Cas
Slide 14: Net debt at $1.7B or 19.1% net debt to cap ratio
Net debt at $1.7B or 19.1% net debt to cap ratio Over $1.9B in readilly available liquidity – more as needed In millions $4,500 45% Net debt Net debt to cap ratio $4,000 40% $3,500 35% $3,000 30% $2,500 25% 19.3% 19.1% $2,000 20% $1,500 15% $1,000 10% $500 5% $0 0% Net debt and net debt to capitaliz
Slide 15: Maintaining balance and flexibility to capitalize on strategic opportunities
Maintaining balance and flexibility to capitalize on strategic opportunities Debt maturity schedule In millions $1,400 $1,200 $1,160 New 5 years, $500M US $1,000 term loan @ 1.2% interest rate, pre-tax $800 $600 $409 $400 $276 $200 $123 $68 $68 $0 F2019 F2020 F2021 F2022 F2023 F2024 Excluding capita
Slide 16: ROE and ROIC trends improving year-over-year
ROE and ROIC trends improving year-over-year 25% ROE ROIC 20% 17.3% 16.2% 15% 14.5% 13.7% 10% 5% 0% ROE (Return on Equity) and ROIC (Return on Invested Capital) are non-GAAP measures for which we provide more details in the MD&A. © CGI Inc. 16
Slide 17: Contact investor relations to continue the conversation
Contact investor relations to continue the conversation Lorne Gorber Mathieu Richard Samantha Taccone Executive Vice-President Director Senior Consultant lorne.gorber@cgi.com mathieu.richard@cgi.com samantha.taccone@cgi.com +1 (514) 841-3355 +1 (514) 415-3746 +1 (416) 306-3782 For more information: