Sodexo SA · EURONEXT:SW
Sodexo SA — 9M FY2014 Earnings Presentation
25 slides from Sodexo SA's earnings presentation, Jul 9, 2014
Slide 1: Nine Months Fiscal 2014 Revenues
NINE MONTHS FISCAL 2014 REVENUES July 9, 2014
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains statements that may be considered forward- looking statements and as such may not relate strictly to historical or current facts. These statements represent management's views as of the date they are made and Sodexo assumes no obligation to updat
Slide 3: Agenda
AGENDA 1. NINE MONTHS FISCAL 2014 REVENUES 2. ON-SITE SERVICES 3. BENEFITS AND REWARDS SERVICES 4. OUTLOOK FOR FISCAL 2014 5. APPENDIX 3 – Sodexo – Nine Months Fiscal 2014 Revenues – July 9, 2014
Slide 4: Nine Months Fiscal 2014 Revenues
1 NINE MONTHS FISCAL 2014 REVENUES 4 – Sodexo – Nine Months Fiscal 2014 Revenues – July 9, 2014
Slide 5: Organic Revenue Growth
9 MONTHS FISCAL 2014 ORGANIC REVENUE GROWTH Integrated Quality of Life Services offers driving growth, with Benefits and Rewards Services performing particularly well. Organic growth of 2.3% Of which: On-site Services Benefits and Rewards Services + 1.7% + 14.0% 5 – Sodexo – Nine Months Fiscal 201
Slide 6: Revenue Growth
9 MONTHS FISCAL 2014 REVENUE GROWTH € millions + 2.3% + 0.3% Organic growth Acquisitions 14,214 13,822 - 5.4% Unfavorable currency effect - 2.8% TOTAL CHANGE 9 months 9 months Fiscal 2013 Fiscal 2014 6 – Sodexo – Nine Months Fiscal 2014 Revenues – July 9, 2014
Slide 7: New Contract Wins: Quality of Life Services Offer
9 MONTHS FISCAL 2014 NEW CONTRACT WINS: QUALITY OF LIFE SERVICES OFFER CORPORATE Alcatel Lucent on 240 sites in 44 countries Integrated Facilities Management Offer Heineken in Brazil on 5 sites Johnson & Johnson Medical in Germany Integrated Facilities Management offer EDUCATION Chicago Public Schoo
Slide 8: New Contract Wins: Quality of Life Services Offer
9 MONTHS FISCAL 2014 NEW CONTRACT WINS: QUALITY OF LIFE SERVICES OFFER HEALTHCARE AND SENIORS The Medical City in the Philippines Integrated Facilities Management offer Wheaton Franciscan Healthcare on 8 sites in the United States REMOTE SITES GemCo in Groote Eylandt, Australia Integrated Facilities
Slide 9: On-Site Services
2 ON-SITE SERVICES 9 – Sodexo – Nine Months Fiscal 2014 Revenues – July 9, 2014
Slide 10: On-Site Services Organic Growth: +1.7%
ON-SITE SERVICES ORGANIC GROWTH: + 1.7 % North America + 3.7% United Kingdom and Ireland + 4.5% Continental Europe + 0.3% Rest of World - 0.7% ( + 7.0%) excluding Remote Sites 10 – Sodexo – Nine Months Fiscal 2014 Revenues – July 9, 2014
Slide 11: Organic Growth by Client Segment
ON-SITE SERVICES ORGANIC GROWTH BY CLIENT SEGMENT Corporate Solid performance in North America and in Facilities + 1.9% Management services + 4% Slowdown in the mining sector and Remote Sites Excl. Remote Sites project completions Healthcare and Seniors Delayed ramp-up of new integrated multi-
Slide 12: North America
ON-SITE SERVICES NORTH AMERICA € millions Revenues Corporate + 8.4% Organic growth Strong demand in Corporate for 5,398 5,323 comprehensive Quality of Life offers Unfavorable currency effect Strong gains in Remote Sites in Canada + 3.7% ORGANIC Healthcare and Seniors + 1.4% GROWTH Longer than
Slide 13: Continental Europe
ON-SITE SERVICES CONTINENTAL EUROPE € millions Revenues Corporate + 1.7% Organic Lower foodservices volumes 4,403 Acquisitions 4,409 growth Unfavorable Continued success of Facilities currency Management services effect Healthcare and Seniors - 0.8% + 0.3% Difficult socio-economic climate ORGA
Slide 14: Rest of World
ON-SITE SERVICES REST OF WORLD € millions Revenues Corporate - 2.1% 2,801 Organic growth Acquisitions Growth maintained ( + 5.4% ) Excl. Remote Sites in the Corporate segment 2,460 Unfavorable Sharp slowdown currency effect in the mining sector - 0.7 %* + 7.0 %* excl. Remote Sites Healthcare and
Slide 15: United Kingdom and Ireland
ON-SITE SERVICES UNITED KINGDOM AND IRELAND € millions Organic growth Corporate + 6.1 % 1,038 1,079 Unfavorable Opening of a fully comprehensive currency effect services contract in Justice with Northumberland prison Additional Facilities Management + 4.5% work with major clients ORGANIC GROWTH
Slide 16: Benefits & Rewards Services
3 BENEFITS & REWARDS SERVICES 16 – Sodexo – Nine Months Fiscal 2014 Revenues – July 9, 2014
Slide 17: Issue Volume and Revenues: Group
BENEFITS AND REWARDS SERVICES ISSUE VOLUME AND REVENUES Group Issue volume Revenues € billions € millions Organic growth Acquisitions Organic 12.1 11.6 growth Acquisitions Unfavorable 583 556 currency effect Unfavorable currency effect + 10.8% + 14.0% ORGANIC ORGANIC GROWTH GROWTH 9 months 9 months
Slide 18: Issue Volume and Revenues: Latin America
BENEFITS AND REWARDS SERVICES ISSUE VOLUME AND REVENUES Latin America Issue volume Revenues € billions € millions Organic Organic growth Acquisitions growth Acquisitions 6.0 330 5.3 297 Unfavorable Unfavorable currency currency effect effect + 17.8% + 21.7% ORGANIC ORGANIC GROWTH GROWTH 9 months 9 m
Slide 19: Issue Volume and Revenues: Europe and Asia
BENEFITS AND REWARDS SERVICES ISSUE VOLUME AND REVENUES Europe and Asia Issue volume Revenues € billions € millions Organic growth Acquisitions 6.3 253 Organic Acquisitions 259 6.1 growth Unfavorable currency Unfavorable effect currency effect + 3.9% + 4.0% ORGANIC ORGANIC GROWTH GROWTH 9 months 9 m
Slide 20: Outlook for Fiscal 2014
4 OUTLOOK FOR FISCAL 2014 20 – Sodexo – Nine Months Fiscal 2014 Revenues – July 9, 2014
Slide 21: Fiscal 2014 Outlook Confirmed
OUTLOOK FISCAL 2014 OUTLOOK CONFIRMED Sodexo is forecasting organic revenue growth of between 2.2% and 2.5% for Fiscal 2014. The Group confirms its operating profit growth target of 11%*. As a result, the Group is targeting an operating margin of 5.6%* for Fiscal 2014, up 0.4% compared with Fisc
Slide 22: Thank You!
THANK YOU! 22 – Sodexo – Nine Months Fiscal 2014 Revenues – July 9, 2014
Slide 23: Questions & Answers
Questions & Answers 23 – Sodexo – Nine Months Fiscal 2014 Revenues – July 9, 2014
Slide 24: Appendix
5 APPENDIX 24 – Sodexo – Nine Months Fiscal 2014 Revenues – July 9, 2014
Slide 25: Principal Exchange Rates
APPENDIX PRINCIPAL EXCHANGE RATES Average rate Average rate Closing rate Closing rate 9 months 9 months Change Change 1 euro = May 31, 2014 May 31, 2013 Fiscal 2014 Fiscal 2013 U.S. dollar 1.3658 1.3048 - 4.5% 1.3607 1.3006 - 4.4% Pound Sterling 0.8315 0.8288 - 0.3% 0.8131 0.8537 + 5.0% Brazilian Re