Slide 1: 2008 annual results
2008 annual results AGENDA } Group profile } The year 2008 } 2008: increase in results } A solid financial position } Strengths of the group to face the crisis } Outlooks and conclusion 2
Slide 2: Group profile
GROUP PROFILE } A ICT services provider, specialized in B-to-B } 4 activities: IT Financial Services, Managed Services, Products & Solutions, Telecom Services } A direct presence in 8 European countries* and in Morocco } 2,300 employees including 1,700 engineers and technicians } More than 25 years
Slide 3: The year 2008: Horizon 2012 and bundled offerings
THE YEAR 2008 First year of the new 5-year strategic plan, Horizon 2012, which axis is: « reinforce our leadership by uniting our talents in the scope of bundled offerings » 5 THE YEAR 2008 Bundled offerings: an innovative range of services on the market Integrated offerings involving all our skills
Slide 4: The year 2008: first contracts and service development
THE YEAR 2008 } First contracts signed in each bundled offering, the main one amounting below: z : 11 M€ / year z : 15 M€ / year z : 5 M€ / year z : 4 M€ / year 7 THE YEAR 2008 } Development of our Services activities z Creation of a European Virtual Remote Services Center z Creation of a service de
Slide 5: The year 2008: No1 in general satisfaction
THE YEAR 2008 …ranks Econocom No1 in general satisfaction Econocom is thus recognized, this year again, as the most highly valued service provider by Belgian and Luxemburg companies. 9 2008: increase in results
Slide 6: 2008: Increase in results
2008: INCREASE IN RESULTS Recurring Net profit Revenue per share operating profit 717 M€ 0.74 € 25.6 M€ + 2.3% + 8.8% + 4.5% 11 2008: INCREASE IN RESULTS Consolidated profit and loss account as of December 31, 2008 (M€) 2007 2008 Revenue 700.7 716.9 + 2.3% Recurring operating profit 24.5 25.6 + 4.5%
Slide 7: Consolidated revenue per activity
2008: INCREASE IN RESULTS Consolidated revenue per activity (M€) % 2007 2008 Comparable Current basis basis Managed Services 134.0 142.1 6.1% 6.1% Products and Solutions 190.1 184.3 (3.0)% (3.0)% IT Financial Services 344.1 357.5 3.9% 1.2% Telecom Services 32.5 33.0 1.4% 1.4% TOTAL ECONOCOM GROUP 70
Slide 8: Managed Services; Products and Solutions
2008: INCREASE IN RESULTS Managed Services 134.0 142.1 6.0 5.5 2007 2008 2007 2008 Revenue Recurring operating profit • Growth in activity, particularly in Belgium, thanks to a strong image of quality • Slight fall in profitability due to the stop of a few contracts in France (where Econocom was sub
Slide 9: IT Financial Services; Telecom Services
2008: INCREASE IN RESULTS IT Financial Services 357.5 15.0 16.1 344.1 2007 2008 2007 2008 Revenue Recurring operating profit • Confirmed success for innovative and very differentiating offerings (50% of the revenue) • Strong growth in Southern Europe (+ 30%) • A record number of new customers (same
Slide 10: The Econocom Group share
2008: INCREASE IN RESULTS The Econocom Group share Market capitalization as of March 11th, 2009 114 M€ Quoted price as of December 31st, 2008 6,44 € Quoted price as of March 11th, 2009 4.60 € 19 M€ Market capitalization / Shareholders’ equity 17,8 M€ 1.3 Gross dividend (Shareholders’ Meeting – May 1
Slide 11: Consolidated balance sheet as of December 31, 2008
A SOLID FINANCIAL POSITION Consolidated balance sheet as of December 31, 2008 (M€) NON CURRENT ASSETS 67 SHAREHOLDER’S EQUITY 85 CURRENT ASSETS 301 LIABILITIES 283 Inventories 8 Provisions 4 Accounts receivable 210 Accounts payable 160 Cash assets 57 Financial debts 33 Other debtors and current asse
Slide 12: Balance sheet main ratios; cash flow statement
A SOLID FINANCIAL POSITION Balance sheet: main ratios (%) 2008 Solvency ratio (Shareholders’ equity / Total balance sheet) 23.0% Gearing (Financial debts – Net cash / Shareholders’ equity ) -28.6% Liquidity ratio (Current assets / Current liabilities) 115.3% 23 A SOLID FINANCIAL POSITION Cash Flow S
Slide 13: Strengths of the group to face the crisis
Strengths of the group to face the crisis STRENGTHS OF THE GROUP TO FACE THE CRISIS An innovative and effective business model } Complementary and counter-cyclical activities z Development of IT Financial Services activity while access to bank credit is limited for companies. z Growth of Services ac
Slide 14: Variable cost structure and diversified portfolio
STRENGTHS OF THE GROUP TO FACE THE CRISIS An innovative and effective business model } A structure that focuses on variable costs z Outsourcing of logistics and storage functions; z Sales force made up by almost 40% of independent agents paid accordingly to the generated margins; z Always at least 1
Slide 15: Sector-based diversification and rigorous management
STRENGTHS OF THE GROUP TO FACE THE CRISIS A diversified portfolio } A sector-based diversification Public sector & Education 15% 12% Financial services & Insurance 11% Energy & Environment Healthcare 9% Chemical 20% 4% Manufacturing, Transport, Logistics, Retail 4% 25% Telecom, Media & Technology Se
Slide 16: Innovative and customized products
STRENGTHS OF THE GROUP TO FACE THE CRISIS Innovative and customized products } A complete range of products and services that enable companies Managements to optimize their ICT infrastructures and to control their costs. z Solutions that help customers achieve savings z Mobility solutions that bring
Slide 17: Outlooks and conclusion
Outlooks and conclusion OUTLOOKS } Pursue the strategy initiated in 2008, which fits the companies and administrations needs z Consolidate our expertise and capitalise on what already exists z Develop and commercialize bundled offerings on a large scale Reinforce our leadership on IT and telecom ser
Slide 18: Outlooks and conclusion
OUTLOOKS } Restructuring and concentration of the market: exploit any opportunity that may occur z External growth z New customers z Staff recruitment 35 CONCLUSION } 2008 results in growth in a difficult context } A resistant and financially solid model } A differentiating strategy } Group Manageme
Slide 19: Publications' agenda
Publications’ agenda } First-quarter trading statement May 14, 2009 } Half-year revenue press release July 26, 2009 } Half-year results press release August 31, 2009 } Information meeting September 1st, 2009 37 WWW.ECONOCOM.COM …Discover our new website! 38