17 slides from Cgi Inc. Class A's earnings presentation, July 2019
Slide 1: Third Quarter Fiscal 2019 Results
THIRD QUARTER FISCAL 2019 RESULTS For the three months ended June 30, 2019 © 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: Q3 Fiscal 2019 Results
Q3 Fiscal 2019 Results vs Q3 F2018 Revenue $3.1B 6.1% Constant currency growth* 6.6% Adjusted EBIT* $474M 8.9% Adjusted EBIT margin* 15.2% 40 bps Net earnings $309M 7.3% Net earnings margin 9.9% 10 bps Net earnings excluding specific items* $337M 8.9% Net earnings margin excluding specific items* 10
Slide 5: Strong Q3 Fiscal 2019 Results
Strong Q3 Fiscal 2019 Results Revenue Adjusted EBIT and margin Cash provided by operating activities (in dollars and % of revenue) $3,120 $474 $375 +6.6% +8.9% +18.2% $435 $317 $2,941 14.8% 15.2% 10.8% 12.0% Q3 F2018 Q3 F2019 Q3 F2018 Q3-F2019 Q3 F2018 Q3 F2019 Net earnings and margin, Diluted EPS B
Slide 6: 9 Months Fiscal 2019 Results
9 Months Fiscal 2019 Results vs YTD F2018 Revenue $9.2B 5.1% Constant currency growth* 5.3% Adjusted EBIT* $1,368M 8.0% Adjusted EBIT margin* 14.9% 40 bps Net earnings $939M 10.8% Net earnings margin 10.3% 60 bps Net earnings excluding specific items* $976M 8.4% Net earnings margin excluding specifi
Slide 7: $3.0B in bookings - backlog stable at $22.4B
Q3 Fiscal 2019 Results $3.0B in bookings - backlog stable at $22.4B Extensions & New renewals business Q3 F2019 35% $3.0B 95% 65% BOOKINGS BOOK-TO-BILL RATIO CONTRACT TYPE 42% TRAILING TWELVE MONTHS $12.8B 107% 58% Extensions & New renewals business Backlog, bookings and book-to-bill ratio are non-G
Slide 8: Bookings of $12.8B or 107% of revenue over trailing twelve months
Q3 Fiscal 2019 Results Bookings of $12.8B or 107% of revenue over trailing twelve months Bookings (in thousands) Book-to-bill ratio Q3-F2019 TTM TTM Total CGI $2,950,674 $12,770,419 106.9% Western and Southern Europe $519,762 $2,113,160 104.3% Northern Europe $726,833 $2,347,856 120.8% Canada $352,5
Slide 9: Cash provided by operating activities
Q3 Fiscal 2019 Results Cash provided by operating activities Q3 F2019 $375M 12.0% $1.35 CASH PROVIDED BY PER DILUTED % OF REVENUE OPERATING ACTIVITIES SHARE TRAILING TWELVE MONTHS $1.6B 13.1% $5.60 Cash provided by operating activities per diluted share (non-GAAP) is a measure of our cash provided b
Slide 10: Revenue and adjusted EBIT segmentation
Q3 Fiscal 2019 Results Revenue and adjusted EBIT segmentation Revenue: $3.1B Adjusted EBIT: $474M Constant currency growth: 6.6% Margin: 15.2% Central and Eastern Europe Asia Pacific Asia Pacific 5% 8% Western and 9% Southern Europe U.K. and Central and Western and Eastern Europe 13% Australia 11% S
Slide 11: Adj. EBIT of $474 million, margin of 15.2%
Q3 Fiscal 2019 Results Adj. EBIT of $474 million, up $39 million; margin of 15.2%, up 40 bps from Q3-F18 In millions Adjusted EBIT $600 Adjusted EBIT margin 15.2% 15% 14.8% $500 12% $400 9% $300 6% $200 3% $100 $0 0% Adjusted EBIT and adjusted EBIT margin are non-GAAP measures for which we provide t
Slide 12: Net earnings of $309M – diluted EPS of $1.12
Q3 Fiscal 2019 Results Net earnings of $309M – diluted EPS of $1.12, up 12.0% from Q3-F2018 $1.20 12% GAAP Diluted EPS GAAP Net earnings Margin 9.9% $1.00 10% 9.8% $0.80 8% $0.60 6% $0.40 4% $0.20 2% $0.00 0% © CGI Inc. 12
Slide 13: Net earnings excluding specific items of $337M
Q3 Fiscal 2019 Results Net earnings excluding specific items of $337M – diluted EPS of $1.22 excluding specific items, up 13.0% from Q3-F2018 $1.40 12% Diluted EPS - excl. specific items 10.8% Net Margin - excl. specific items $1.20 10.5% 10% $1.00 8% $0.80 6% $0.60 4% $0.40 2% $0.20 $0.00 0% Net ea
Slide 14: $1.6 billion in cash provided by operating activities
Q3 Fiscal 2019 Results $1.6 billion in cash provided by operating activities or 13.1% of TTM revenue In millions % revenue $1,800 TTM Cash provided by operating activities 16% TTM Cash provided by operating activities (% of revenue) $1,600 13.1%14% $1,400 13.3% 12% $1,200 10% $1,000 8% $800 6% $600
Slide 15: Net debt at $2.3B or 25.2% net debt to capitalization ratio
Q3 Fiscal 2019 Results Net debt at $2.3B or 25.2% net debt to capitalization ratio In millions $3,500 45% Net debt Net debt to capitalization ratio 40% $3,000 35% $2,500 Buyback activity and M&A 30% 25.2% $2,000 25% 20% $1,500 19.6% 15% $1,000 10% $500 5% $0 0% Net debt and net debt to capitalizatio
Slide 16: ROE and ROIC year-over-year
Q3 Fiscal 2019 Results ROE up 210 bps and ROIC up 150 bps year-over-year 25% ROE ROIC 20% 18.1% 15.0% 15% 16.0% 13.5% 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 Q3 F2019 MD&A. © CGI Inc. 16
Slide 17: Contact investor relations team to continue the conversation
Contact investor relations team to continue the conversation Lorne Gorber Mathieu Richard Executive Vice-President Director lorne.gorber@cgi.com mathieu.richard@cgi.com +1 (514) 841-3355 +1 (514) 415-3746 For more information: CGI.com/investors © CGI Inc. 17