Bureau Veritas Sa · EURONEXT:BVI
Bureau Veritas Sa — Q3 2008 Earnings Presentation
10 slides from Bureau Veritas Sa's earnings presentation, Nov 6, 2008
Slide 1: Third quarter 2008 Revenue Conference call
Frank Piedelièvre Third quarter 2008 Revenue Chief Executive Officer Conference call François Tardan Chief Financial Officer November 6, 2008 Copyright©2008 Bureau Veritas - All rights reserved. Key highlights François Tardan Copyright©2008 Bureau Veritas - All rights reserved. 2 1
Slide 2: Q3 2008 revenue and 9M 2008 revenue
Q3 2008 revenue +19.0% 636.1 (€m) (4.4)% +13.2% 497.8 Total growth of 27.8% Q3 2007 Organic External Currency Q3 2008 Revenue Growth Growth Impact Revenue ► Organic growth of 13.2% ► Growth from acquisitions of 19.0% (mainly ECA in Spain and Amdel in Australia) ► Negative currency impact of 4.4% (ma
Slide 3: 9M 2008 revenue breakdown; Acquisitions & financial structure
9M 2008 revenue breakdown 9M 2008 revenue by geography 9M 2008 revenue by business Government Services and Africa North America International Trade 6% 4% 8% Marine 12% South America Consumer Products Asia Pacific & 7% 12% Middle East 28% Industry Certification 19% France 10% 26% Inspection & Constru
Slide 4: Business review: Marine
Business review Frank Piedelièvre Copyright©2008 Bureau Veritas - All rights reserved. 7 Marine (€m) +21.7% 73.5 Q3 2008 revenue 60.4 ► Organic growth of 27.4% ► Negative currency impact of 5.7% Q3 2007 Q3 2008 9M 2008 revenue ► Organic growth of 22.6% Sustained growth in new ships and equipments +1
Slide 5: Industry; In-Service Inspection & Verification
Industry +58.5% 131.4 (€m) Q3 2008 revenue ► Organic growth of 20.9% 82.9 ► Growth from acquisitions of 42.1% ► Negative currency impact of 4.5% Q3 2007 Q3 2008 9M 2008 revenue +57.9% ► Organic growth of 23.4% 344.6 (€m) Strong growth with sustained contributions coming from CAPEX in oil & gas and p
Slide 6: Health, Safety and Environment; Construction
Health, Safety and Environment (€m) 62.7 +31.7% Q3 2008 revenue 47.6 ► Organic growth of 2.8% ► Growth from acquisitions of 34.9% ► Negative currency impact of 6.0% Q3 2007 Q3 2008 9M 2008 revenue ► Organic growth of 1.8% (€m) Satisfactory occupational health & safety +24.1% 180.6 Environment servic
Slide 7: Certification; Consumer Products
Certification +15.6% 60.0 (€m) 51.9 Q3 2008 revenue ► Organic growth of 11.2% ► Growth from acquisitions of 6.3% ► Negative currency impact of 1.9% Q3 2007 Q3 2008 9M 2008 revenue (€m) +12.7% ► Organic growth of 8.4% 192.0 Dynamic new sales on global contracts, 170.3 ISO 22000 (Food chain), ISO 2700
Slide 8: Government Services & International Trade; Outlook
Government Services & International Trade (€m) +11.5% 39.6 Q3 2008 revenue 35.5 ► Organic growth of 14.6% ► Negative currency impact of 3.1% Q3 2007(*) Q3 2008(*) (€m) 9M 2008 revenue ► Organic growth of 9.1% +7.1% in Government Services +6.4% 110.5 103.9 Termination of Ecuador contract more than of
Slide 9: Outlook
Outlook ► Strong growth in 2008 The group maintains its expectation of higher growth than the previous estimate of 15% growth in revenues and adjusted operating profit, at 2007 exchange rate and excluding any contribution from 2008 acquisitions ► Perspectives for 2009 The 2009 growth targets will be
Slide 10: 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 documents fi