Cegedim Sa · EURONEXT:ALCGM
Cegedim Sa — H1 2010 Earnings Presentation
44 slides from Cegedim Sa's earnings presentation, Sep 24, 2010
Slide 1: Half-year results
Cegedim Half-year results September 24, 2010
Slide 2: Contents
Contents A strategy focused on healthcare Cliquez pour modifier le style du titre Delivering strong results A strong financial structure Additional information 2
Slide 3: A strategy focused on healthcare
A strategy focused on healthcare 3
Slide 4: Group profile
Group profile Cliquez pour modifier le style du titre 4
Slide 5: 2010 Half-year financial snapshot
2010 Half-year financial snapshot Cliquez pour modifier le style du titre 5
Slide 6: 2010 Half-year highlights
2010 Half-year highlights Excellent operational performance Commercial dynamism Services well suited to market demand Pertinence of external growth policy As expected, Q2 2010 increase compensates Q1 2010 decline Cliquez pour modifier le style du titre Q1 2010 Q2 2010 HY 2010 Reported -1.5% +8.0% +3
Slide 7: Snapshot of Cegedim strength
Snapshot of Cegedim strenght Cliquez pour modifier le style du titre 7
Slide 8: Key drivers and 2010 financial outlook
Key drivers and 2010 financial outlook Cliquez pour modifier le style du titre 8
Slide 9: Cliquez pour modifier le style du titre
Cliquez pour modifier le style du titre 9
Slide 10: Cegedim solutions for life science companies
Cegedim solutions for life science companies Cliquez pour modifier le style du titre 10
Slide 11: 2010 Half-year highlights
2010 Half-year highlights High commercial dynamism Market share New offers positive effect Mobile Intelligence in SaaS mode, expanding platforms, geographical Cliquez expansion of new pour services modifier le style du titre Emerging countries fine performance With the acquisition of SK&A, Cegedim f
Slide 12: Key drivers and strategy
Key drivers and strategy Cliquez pour modifier le style du titre 12
Slide 13: Cliquez pour modifier le style du titre
Cliquez pour modifier le style du titre 13
Slide 14: Activities
Activities Cliquez pour modifier le style du titre Presence since July 2010 14
Slide 15: 2010 Half-year highlights
2010 Half-year highlights Fine performance of Cegedim Healthcare Software French, Spanish and Italian healthcare professionals dynamism Wait-and-see attitude of UK physicians Cliquez pour modifier le style du titre Acquisition of Pulse Systems, Inc July 27, 2010 Leading US healthcare software and se
Slide 16: Key drivers and strategy
Key drivers and strategy Cliquez pour modifier le style du titre 16
Slide 17: Cliquez pour modifier le style du titre
Cliquez pour modifier le style du titre 17
Slide 18: Activities
Activities Regroup all products and services for insurers, mutual and contingency companies IT for healthcare insurers Flows and electronic payment Cliquez pour modifier le style du titre Leader in France Development in Morocco and Mali Leader in France in the management of direct payment by insurer
Slide 19: 2010 Half-year highlights
2010 Half-year highlights Increase of software activity Numerous commercial success Appropriate offers Activ’Infinite FlowCliquez managementpour modifier le style du titre platforms Relevant business model Fine outlooks for 2011 Cegedim SRH strong commercial dynamism 19
Slide 20: Key drivers and strategy
Key drivers and strategy Cliquez pour modifier le style du titre 20
Slide 21: Financial results
Financial results 21
Slide 22: Well balanced and diversified revenue mix
Well balanced and diversified revenue mix Cliquez pour modifier le style du titre Good revenue visibility Strong recurring revenue model Multi-year contracts High switching costs Strong customer loyalty 22
Slide 23: Higher year-end seasonal effect
Higher year-end seasonal effect Cliquez pour modifier le style du titre Traditionally higher sales on software at the end of the year Spending of remaining operating budget More use of data and market research in Q4 due to reorganization of sale forces, organization of new campaign, annual reporting
Slide 24: Cegedim and the external growth
Cegedim and the external growth Cliquez pour modifier le style du titre Total acquisitions price in € million Acquisitions are in line with the Group’s external growth policy presented at the time of the December 2009 capital increase We recall that the sole purpose of the bond issue for €300 millio
Slide 25: A robust half-year
A robust half-year Cliquez pour modifier le style du titre 25
Slide 26: 2010 Half-year summarized income statement
2010 Half-year summarized income statement Cliquez pour modifier le style du titre 26
Slide 27: 2010 Half-year Group margin evolution
2010 Half-year Group margin evolution Cliquez pour modifier le style du titre 27
Slide 28: 2010 Half-year financial result evolution
2010 Half-year financial result evolution Cliquez pour modifier le style du titre 28
Slide 29: CRM and strategic data
CRM and strategic data Margin Revenue breakdown Cliquez pour modifier le style du titre Comments Revenue Q2 2010 increase compensates Q1 2010 decline CRM Strategic data Strong commercial dynamism Clear rebound in its revenues and profitability in Q2 Emerging countries fine performance Delays in exec
Slide 30: Healthcare professionals
Healthcare professionals Margin Revenue breakdown Cliquez pour modifier le style du titre Comments Revenue Q2 2010 increase compensates Q1 2010 decline Ordinary operation margin increase of 60 bp Increase of margin despite Negative impact of the wait-and-see attitude of UK physicians Cegelease negat
Slide 31: Insurance and services
Insurance and services Margin Revenue breakdown Cliquez pour modifier le style du titre Comments Robust trend of revenue organic growth in Q1 and Q2 23% increase of ordinary operating margin 150 bp increase of ordinary operating margin Fine outlooks for 2011 31
Slide 32: A strong financial structure
A strong financial structure 32
Slide 33: 2010 Half-year consolidated balance sheet
2010 Half-year consolidated balance sheet Cliquez pour modifier le style du titre 33
Slide 34: A cash flow generating model
A cash flow generating model Cliquez pour modifier le style du titre 34
Slide 35: 2010 Half-year consolidated cash flow (EUR millions)
2010 Half-year consolidated cash flow (EUR millions) Cliquez pour modifier le style du titre 35
Slide 36: Successful M€300 bond issue
Successful M€ 300 bond issue Characteristics Rating: BB+ Amount: M€ 300 Maturity date: July 27, 2015 Annual coupon: 7.000% fixed rate 70% of the demand were located outside of France Cliquez pour modifier le style du titre Objectives Maturity extension Almost 80% of total debt has more than 3 year m
Slide 37: Significant improvement in the debt structure
Significant improvement in the debt structure Cliquez pour modifier le style du titre 37
Slide 38: Additional information
Additional information 38
Slide 39: Share ID
Share ID Cliquez pour modifier le style du titre 39
Slide 40: 2010 finance agenda
2010 finance agenda Cliquez pour modifier le style du titre 40
Slide 41: We welcome your questions and comments
We welcome your questions and comments Cliquez pour modifier le style du titre 41
Slide 42: Strong and stable shareholder base
Strong and stable shareholder base Cliquez pour modifier le style du titre Board of directors Extended to 10 directors on January 2010 42
Slide 43: Where we come from
Where we come from Cliquez pour modifier le style du titre 43
Slide 44: No direct competitors on the entire value chain
No direct competitors on the entire value chain Cliquez pour modifier le style du titre 44