Bureau Veritas Sa · EURONEXT:BVI
Bureau Veritas Sa — Q1 2012 Earnings Presentation
55 slides from Bureau Veritas Sa's earnings presentation, May 3, 2012
Slide 1: Q1 2012 Revenue
03/05/2012 Q1 2012 REVENUE May 3, 2012 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 suc
Slide 2: Agenda / Key Highlights
03/05/2012 Agenda KEY HIGHLIGHTS BUSINESS REVIEW OUTLOOK Q&A 3 Sami Badarani Chief Financial Officer KEY HIGHLIGHTS 4 2
Slide 3: Bureau Veritas at a glance
03/05/2012 Bureau Veritas at a glance Founded in 1828 Q1 2012 revenue by business A global leader in conformity assessment, certification and testing services Government Services Marine 2011 key figures 7% 9% Consumer Revenues €3.4Bn Products Adj. operating profit €544m 10% 940 offices and 340 labor
Slide 4: Revenue by business
03/05/2012 Revenue by business Q1 2012 €m Total growth Organic Scope FX Marine 76.3 (1.0)% (3.3)% - +2.3% Industry (1) 182.9 +24.6% +20.5% +1.5% +2.6% IVS (1) 117.9 +6.4% +5.3% +0.3% +0.8% Construction (1) 110.5 +1.9% (1.4)% +1.8% +1.5% Certification 78.1 +8.3% +6.5% +0.5% +1.3% Commodities (2) 155.
Slide 5: Business Review / Marine
03/05/2012 Didier Michaud-Daniel Chief Executive Officer BUSINESS REVIEW 9 Marine (€ millions) Q1 2012 Highlights Decrease in New ships (51% of Q1 revenue) New orders: GRT 0.84m (221 ships) with stable +1.0% market share (low level of worldwide new orders) Order book: GRT 20.8m (vs. GRT 22.3m at tot
Slide 6: Industry
03/05/2012 Industry (€ millions) Q1 2012 Highlights Outstanding performance across markets and geographies Oil & Gas: execution of large frame agreements +1.0% signed in 2011 Key wins: Shell Nigeria Environmental audits, total growth Chevron Big Foot in Gulf of Mexico Power: driven by infrastructure
Slide 7: In-Service Inspection & Verification / Construction
03/05/2012 In-Service Inspection & Verification (€ millions) Q1 2012 Highlights Good performance across geographies Lean initiatives in France +1.0% total growth Q1 2011 Organic External Currency Q1 2012 revenue growth growth revenue 2012 Outlook Mid single digit organic growth Expand services offer
Slide 8: Certification / Commodities
03/05/2012 Certification (€ millions) Q1 2012 Highlights Return to good level of organic growth +1.0% Large Contracts New Products: sustainability, energy efficiency total growth Fast growing geographies Q1 2011 Organic External Currency Q1 2012 revenue growth growth revenue 2012 Outlook Sustained g
Slide 9: Consumer Products / Government Services & International Trade
03/05/2012 Consumer Products (€ millions) Q1 2012 Highlights Organic growth at +6% in March Strong growth in Electrical and Electronics and South Asia Reduced volumes in toys Repositioning in Asian supply chain channels total growth Growth initiatives well on track: JC Penney contract started in Feb
Slide 10: Outlook
03/05/2012 OUTLOOK 19 Outlook ► Outlook In 2012, without further deterioration to current economic forecast, the Group should deliver strong growth in revenues (both organic and acquisitions) and adjusted operating profit, in-line with BV2015 strategic plan. ► BV2015 Financial objectives for 2012-20
Slide 11: Q&A
03/05/2012 Q&A VERITAS 2a Move Forward with Confidence 11
Slide 12: Q1 2012 Revenue
03/05/2012 Q1 2012 REVENUE May 3, 2012 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 suc
Slide 13: Agenda / Key Highlights
03/05/2012 Agenda KEY HIGHLIGHTS BUSINESS REVIEW OUTLOOK Q&A 3 Sami Badarani Chief Financial Officer KEY HIGHLIGHTS 4 2
Slide 14: Bureau Veritas at a glance
03/05/2012 Bureau Veritas at a glance Founded in 1828 Q1 2012 revenue by business A global leader in conformity assessment, certification and testing services Government Services Marine 2011 key figures 7% 9% Consumer Revenues €3.4Bn Products Adj. operating profit €544m 10% 940 offices and 340 labor
Slide 15: Revenue by business
03/05/2012 Revenue by business Q1 2012 €m Total growth Organic Scope FX Marine 76.3 (1.0)% (3.3)% - +2.3% Industry (1) 182.9 +24.6% +20.5% +1.5% +2.6% IVS (1) 117.9 +6.4% +5.3% +0.3% +0.8% Construction (1) 110.5 +1.9% (1.4)% +1.8% +1.5% Certification 78.1 +8.3% +6.5% +0.5% +1.3% Commodities (2) 155.
Slide 16: Business Review / Marine
03/05/2012 Didier Michaud-Daniel Chief Executive Officer BUSINESS REVIEW 9 Marine (€ millions) Q1 2012 Highlights Decrease in New ships (51% of Q1 revenue) New orders: GRT 0.84m (221 ships) with stable +1.0% market share (low level of worldwide new orders) Order book: GRT 20.8m (vs. GRT 22.3m at tot
Slide 17: Industry
03/05/2012 Industry (€ millions) Q1 2012 Highlights Outstanding performance across markets and geographies Oil & Gas: execution of large frame agreements +1.0% signed in 2011 Key wins: Shell Nigeria Environmental audits, total growth Chevron Big Foot in Gulf of Mexico Power: driven by infrastructure
Slide 18: In-Service Inspection & Verification / Construction
03/05/2012 In-Service Inspection & Verification (€ millions) Q1 2012 Highlights Good performance across geographies Lean initiatives in France +1.0% total growth Q1 2011 Organic External Currency Q1 2012 revenue growth growth revenue 2012 Outlook Mid single digit organic growth Expand services offer
Slide 19: Certification / Commodities
03/05/2012 Certification (€ millions) Q1 2012 Highlights Return to good level of organic growth +1.0% Large Contracts New Products: sustainability, energy efficiency total growth Fast growing geographies Q1 2011 Organic External Currency Q1 2012 revenue growth growth revenue 2012 Outlook Sustained g
Slide 20: Consumer Products / Government Services & International Trade
03/05/2012 Consumer Products (€ millions) Q1 2012 Highlights Organic growth at +6% in March Strong growth in Electrical and Electronics and South Asia Reduced volumes in toys Repositioning in Asian supply chain channels total growth Growth initiatives well on track: JC Penney contract started in Feb
Slide 21: Outlook
03/05/2012 OUTLOOK 19 Outlook ► Outlook In 2012, without further deterioration to current economic forecast, the Group should deliver strong growth in revenues (both organic and acquisitions) and adjusted operating profit, in-line with BV2015 strategic plan. ► BV2015 Financial objectives for 2012-20
Slide 22: Q&A
03/05/2012 Q&A VERITAS 2a Move Forward with Confidence 11
Slide 23: Q1 2012 Revenue
03/05/2012 Q1 2012 REVENUE May 3, 2012 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 suc
Slide 24: Agenda / Key Highlights
03/05/2012 Agenda KEY HIGHLIGHTS BUSINESS REVIEW OUTLOOK Q&A 3 Sami Badarani Chief Financial Officer KEY HIGHLIGHTS 4 2
Slide 25: Bureau Veritas at a glance
03/05/2012 Bureau Veritas at a glance Founded in 1828 Q1 2012 revenue by business A global leader in conformity assessment, certification and testing services Government Services Marine 2011 key figures 7% 9% Consumer Revenues €3.4Bn Products Adj. operating profit €544m 10% 940 offices and 340 labor
Slide 26: Revenue by business
03/05/2012 Revenue by business Q1 2012 €m Total growth Organic Scope FX Marine 76.3 (1.0)% (3.3)% - +2.3% Industry (1) 182.9 +24.6% +20.5% +1.5% +2.6% IVS (1) 117.9 +6.4% +5.3% +0.3% +0.8% Construction (1) 110.5 +1.9% (1.4)% +1.8% +1.5% Certification 78.1 +8.3% +6.5% +0.5% +1.3% Commodities (2) 155.
Slide 27: Business Review / Marine
03/05/2012 Didier Michaud-Daniel Chief Executive Officer BUSINESS REVIEW 9 Marine (€ millions) Q1 2012 Highlights Decrease in New ships (51% of Q1 revenue) New orders: GRT 0.84m (221 ships) with stable +1.0% market share (low level of worldwide new orders) Order book: GRT 20.8m (vs. GRT 22.3m at tot
Slide 28: Industry
03/05/2012 Industry (€ millions) Q1 2012 Highlights Outstanding performance across markets and geographies Oil & Gas: execution of large frame agreements +1.0% signed in 2011 Key wins: Shell Nigeria Environmental audits, total growth Chevron Big Foot in Gulf of Mexico Power: driven by infrastructure
Slide 29: In-Service Inspection & Verification / Construction
03/05/2012 In-Service Inspection & Verification (€ millions) Q1 2012 Highlights Good performance across geographies Lean initiatives in France +1.0% total growth Q1 2011 Organic External Currency Q1 2012 revenue growth growth revenue 2012 Outlook Mid single digit organic growth Expand services offer
Slide 30: Certification / Commodities
03/05/2012 Certification (€ millions) Q1 2012 Highlights Return to good level of organic growth +1.0% Large Contracts New Products: sustainability, energy efficiency total growth Fast growing geographies Q1 2011 Organic External Currency Q1 2012 revenue growth growth revenue 2012 Outlook Sustained g
Slide 31: Consumer Products / Government Services & International Trade
03/05/2012 Consumer Products (€ millions) Q1 2012 Highlights Organic growth at +6% in March Strong growth in Electrical and Electronics and South Asia Reduced volumes in toys Repositioning in Asian supply chain channels total growth Growth initiatives well on track: JC Penney contract started in Feb
Slide 32: Outlook
03/05/2012 OUTLOOK 19 Outlook ► Outlook In 2012, without further deterioration to current economic forecast, the Group should deliver strong growth in revenues (both organic and acquisitions) and adjusted operating profit, in-line with BV2015 strategic plan. ► BV2015 Financial objectives for 2012-20
Slide 33: Q&A
03/05/2012 Q&A VERITAS 2a Move Forward with Confidence 11
Slide 34: Q1 2012 Revenue
03/05/2012 Q1 2012 REVENUE May 3, 2012 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 suc
Slide 35: Agenda / Key Highlights
03/05/2012 Agenda KEY HIGHLIGHTS BUSINESS REVIEW OUTLOOK Q&A 3 Sami Badarani Chief Financial Officer KEY HIGHLIGHTS 4 2
Slide 36: Bureau Veritas at a glance
03/05/2012 Bureau Veritas at a glance Founded in 1828 Q1 2012 revenue by business A global leader in conformity assessment, certification and testing services Government Services Marine 2011 key figures 7% 9% Consumer Revenues €3.4Bn Products Adj. operating profit €544m 10% 940 offices and 340 labor
Slide 37: Revenue by business
03/05/2012 Revenue by business Q1 2012 €m Total growth Organic Scope FX Marine 76.3 (1.0)% (3.3)% - +2.3% Industry (1) 182.9 +24.6% +20.5% +1.5% +2.6% IVS (1) 117.9 +6.4% +5.3% +0.3% +0.8% Construction (1) 110.5 +1.9% (1.4)% +1.8% +1.5% Certification 78.1 +8.3% +6.5% +0.5% +1.3% Commodities (2) 155.
Slide 38: Business Review / Marine
03/05/2012 Didier Michaud-Daniel Chief Executive Officer BUSINESS REVIEW 9 Marine (€ millions) Q1 2012 Highlights Decrease in New ships (51% of Q1 revenue) New orders: GRT 0.84m (221 ships) with stable +1.0% market share (low level of worldwide new orders) Order book: GRT 20.8m (vs. GRT 22.3m at tot
Slide 39: Industry
03/05/2012 Industry (€ millions) Q1 2012 Highlights Outstanding performance across markets and geographies Oil & Gas: execution of large frame agreements +1.0% signed in 2011 Key wins: Shell Nigeria Environmental audits, total growth Chevron Big Foot in Gulf of Mexico Power: driven by infrastructure
Slide 40: In-Service Inspection & Verification / Construction
03/05/2012 In-Service Inspection & Verification (€ millions) Q1 2012 Highlights Good performance across geographies Lean initiatives in France +1.0% total growth Q1 2011 Organic External Currency Q1 2012 revenue growth growth revenue 2012 Outlook Mid single digit organic growth Expand services offer
Slide 41: Certification / Commodities
03/05/2012 Certification (€ millions) Q1 2012 Highlights Return to good level of organic growth +1.0% Large Contracts New Products: sustainability, energy efficiency total growth Fast growing geographies Q1 2011 Organic External Currency Q1 2012 revenue growth growth revenue 2012 Outlook Sustained g
Slide 42: Consumer Products / Government Services & International Trade
03/05/2012 Consumer Products (€ millions) Q1 2012 Highlights Organic growth at +6% in March Strong growth in Electrical and Electronics and South Asia Reduced volumes in toys Repositioning in Asian supply chain channels total growth Growth initiatives well on track: JC Penney contract started in Feb
Slide 43: Outlook
03/05/2012 OUTLOOK 19 Outlook ► Outlook In 2012, without further deterioration to current economic forecast, the Group should deliver strong growth in revenues (both organic and acquisitions) and adjusted operating profit, in-line with BV2015 strategic plan. ► BV2015 Financial objectives for 2012-20
Slide 44: Q&A
03/05/2012 Q&A VERITAS 2a Move Forward with Confidence 11
Slide 45: Q1 2012 Revenue
03/05/2012 Q1 2012 REVENUE May 3, 2012 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 suc
Slide 46: Agenda / Key Highlights
03/05/2012 Agenda KEY HIGHLIGHTS BUSINESS REVIEW OUTLOOK Q&A 3 Sami Badarani Chief Financial Officer KEY HIGHLIGHTS 4 2
Slide 47: Bureau Veritas at a glance
03/05/2012 Bureau Veritas at a glance Founded in 1828 Q1 2012 revenue by business A global leader in conformity assessment, certification and testing services Government Services Marine 2011 key figures 7% 9% Consumer Revenues €3.4Bn Products Adj. operating profit €544m 10% 940 offices and 340 labor
Slide 48: Revenue by business
03/05/2012 Revenue by business Q1 2012 €m Total growth Organic Scope FX Marine 76.3 (1.0)% (3.3)% - +2.3% Industry (1) 182.9 +24.6% +20.5% +1.5% +2.6% IVS (1) 117.9 +6.4% +5.3% +0.3% +0.8% Construction (1) 110.5 +1.9% (1.4)% +1.8% +1.5% Certification 78.1 +8.3% +6.5% +0.5% +1.3% Commodities (2) 155.
Slide 49: Business Review / Marine
03/05/2012 Didier Michaud-Daniel Chief Executive Officer BUSINESS REVIEW 9 Marine (€ millions) Q1 2012 Highlights Decrease in New ships (51% of Q1 revenue) New orders: GRT 0.84m (221 ships) with stable +1.0% market share (low level of worldwide new orders) Order book: GRT 20.8m (vs. GRT 22.3m at tot
Slide 50: Industry
03/05/2012 Industry (€ millions) Q1 2012 Highlights Outstanding performance across markets and geographies Oil & Gas: execution of large frame agreements +1.0% signed in 2011 Key wins: Shell Nigeria Environmental audits, total growth Chevron Big Foot in Gulf of Mexico Power: driven by infrastructure
Slide 51: In-Service Inspection & Verification / Construction
03/05/2012 In-Service Inspection & Verification (€ millions) Q1 2012 Highlights Good performance across geographies Lean initiatives in France +1.0% total growth Q1 2011 Organic External Currency Q1 2012 revenue growth growth revenue 2012 Outlook Mid single digit organic growth Expand services offer
Slide 52: Certification / Commodities
03/05/2012 Certification (€ millions) Q1 2012 Highlights Return to good level of organic growth +1.0% Large Contracts New Products: sustainability, energy efficiency total growth Fast growing geographies Q1 2011 Organic External Currency Q1 2012 revenue growth growth revenue 2012 Outlook Sustained g
Slide 53: Consumer Products / Government Services & International Trade
03/05/2012 Consumer Products (€ millions) Q1 2012 Highlights Organic growth at +6% in March Strong growth in Electrical and Electronics and South Asia Reduced volumes in toys Repositioning in Asian supply chain channels total growth Growth initiatives well on track: JC Penney contract started in Feb
Slide 54: Outlook
03/05/2012 OUTLOOK 19 Outlook ► Outlook In 2012, without further deterioration to current economic forecast, the Group should deliver strong growth in revenues (both organic and acquisitions) and adjusted operating profit, in-line with BV2015 strategic plan. ► BV2015 Financial objectives for 2012-20
Slide 55: Q&A
03/05/2012 Q&A VERITAS 2a Move Forward with Confidence 11