Slide 1: Presentation of 2014 Results
Wednesday 25 March 2015 PRESENTATION OF 2014 RESULTS
Slide 2: ID Logistics reached a new milestone in its development in 2014
ID Logistics reached a new milestone in its development in 2014 Healthy financial performance throughout 2014 – Strong revenue growth of 19% to €874.5 million – Underlying operating income up 31% (operating margin improved to 4.8% from 4.3%) – Net income up 50% to €18.0 million – Robust balance sh
Slide 3: Solid fundamentals, 2014 results, 2015 outlook
1. 2. 3. Solid fundamentals 2014 2015 outlook results 3 - Full-year 2014 results – 25 March 2015
Slide 4: ID Logistics: a Group with solid fundamentals
ID Logistics: a Group with solid fundamentals Thoroughbred contract logistics company with three distinctive strengths 1 2 3 A Group with a diversified Delivering presence 15 years of innovative across international solutions to our expanding experience customers is sectors of part of who we activit
Slide 5: ID Logistics: a Group with solid fundamentals
ID Logistics: a Group with solid fundamentals Thoroughbred contract logistics company with three distinctive strengths 1 2 3 A Group with a diversified Delivering presence 15 years of innovative across international solutions to our expanding experience customers is sectors of part of who we activit
Slide 6: A Group with a diversified presence across expanding sectors of activity
A Group with a diversified presence across 1 expanding sectors of activity E-COMMERCE RETAIL Positions in expanding sectors of activity (in volume terms) COSMETICS & FMCG FRAGRANCE Scope for further outsourcing Development of FASHION HIGH-TECH multi-channel offerings 6 - Full-year 2014 results
Slide 7: Example - A new line of business: Fashion logistics
Example - A new line of business Fashion logistics 7 - Full-year 2014 results – 25 March 2015
Slide 8: ID Logistics: a Group with solid fundamentals
ID Logistics: a Group with solid fundamentals Thoroughbred contract logistics company with three distinctive strengths 1 2 3 A Group with a diversified Delivering presence 15 years of innovative across international solutions to our expanding experience customers is sectors of part of who we activit
Slide 9: 15 years of international experience
2 15 years of international experience EUROPE ASIA Positions strengthened in the Netherlands and Presence in Asia (China, Germany, with the CEPL Taiwan, Indonesia) since acquisition 2001 Russia: start-up of a Strong resilience on account of: Carrefour in China: ID contract with Mvideo Logist
Slide 10: Example - Support for customers in international markets: Carrefour in China
Example - Support for customers in international markets Carrefour in China (July 2014) Management of Carrefour’s logistics and transport flows in EXPERIENCE KNOW-HOW TECHNOLOGY the Shanghai, Jiangsu Presence in Asia Chinese operational Voice-controlled and Zhejiang since 2001 teams selected
Slide 11: ID Logistics: a Group with solid fundamentals
ID Logistics: a Group with solid fundamentals Thoroughbred contract logistics company with three distinctive strengths 1 2 3 A Group with a diversified Delivering presence 15 years of innovative across international solutions to our expanding experience customers is sectors of part of who we activit
Slide 12: What sets ID Logistics apart in calls for tenders
3 What sets ID Logistics apart in calls for tenders: “Thinking outside the box” Technological Understanding of International expertise the client’s needs markets and made-to- measure process Nespresso Danone SOGEFI Pick to Light JV France / South Development in Africa France, Poland, Brazil 12 - Ful
Slide 13: Innovative projects in progress at ID Logistics
Innovative projects in progress at ID Logistics e-vigilante Goods to Man Easy Check IN security robot A robot moves goods from An automatic terminal, with a A robot patrols the warehouse racks to the operator’s link to the TMS, WMS and -> security staff are no longer workstation organisation o
Slide 14: Solid fundamentals, 2014 results, 2015 outlook
1. 2. 3. Solid fundamentals 2014 2015 outlook results 14 - Full-year 2014 results – 25 March 2015
Slide 15: Further profitable growth in 2014
Further profitable growth in 2014 Revenues Operating margin Investment capacity Double-digit growth Improvement Net debt/EBITDA €874.5m 4.8% 0.9 (vs. 1.5 in 2013) +19% +50 bp -0.6 pt 15 - Full-year 2014 results – 25 March 2015
Slide 16: Strong growth in 2014 revenues
Strong growth in 2014 revenues €874.5m France (+19%) €497.6m (vs. €417.6m in 2013) International 43% €376.9m (vs. €317.5m in 2013) Start-up of major contract with 57% Conforama, Saint-Gobain Distribution, Nespresso, Cdiscount Brisk business trends in Spain and Poland Start-up of a second contr
Slide 17: Continued improvement in operating margin to 4.8% (up 50 bp)
Continued improvement in operating margin to 4.8% (up 50 bp) 2014 2013 % chg. (€ m) France Internat. Total France Internat. Total Underlying operating 27.2 14.4 41.6 23.0 8.8 31.8 +31% income As a % of revenues 5.5% 3.8% 4.8% 5.5% 2.8% 4.3% +50 bp In France: stable at 5.5% Dilutive impact of CEPL’
Slide 18: Net income of €18.0 million in 2014 (up 50%)
Net income of €18.0 million in 2014 (up 50%) €41.6m (4.7) Non-recurring (6.8) expenses (o/w around €4.2m in Net (6.8) restructuring financial costs related to income/ CEPL) (exp.) Income (4.7) tax (0.0) (0.6) €18.0m CVAE Share in busine income of Non- €12.0m ss tax associates controlling interests U
Slide 19: Continued healthy cash generation
Continued healthy cash generation Healthy cash generated by operating (€ m) 2014 2013 activities of €34.2 million Cash generated by operating activities 50.6 41.3 before WCR and capex Improvement in the operating margin Change in the WCR 2.7 16.2 Strict control of the WCR in 2014 after a Capex (
Slide 20: Rapid debt paydown
Rapid debt paydown (€ m) 31 Dec. 2014 31 Dec. 2013 CEPL acquisition debt 62.5 75.0 Real estate leases 44.4 50.5 Equipment leases 22.4 23.7 Other borrowings 6.6 4.0 Gross debt 135.9 153.2 Underlying net cash 80.4 66.6 Net debt 55.5 86.6 20 - Full-year 2014 results – 25 March 2015
Slide 21: Solid finances
Solid finances 31 Dec. (€ m) 31 Dec. 2013 % chg. 2014 Goodwill 116.7 121.2 (4.5) Other non-current assets 155.4 161.8 (6.4) Non-current assets 272.1 283.0 (10.9) (Negative) working capital (109.1) (105.5) (3.6) requirement Underlying net cash 80.4 66.6 13.8 Gross debt 135.9 153.2 (17.3) Net debt 55.
Slide 22: Solid ability to invest
Solid ability to invest Gearing ROCE before tax Net debt/EBITDA 150,0% 2.6 25.8% 24.4% 21.8% 21.9% 94,1% 19.6% 78,1% 1.5 1.2 52,0% 0.9 0.3 12,0% 10,5% 0.2 FY 2012 S1 2013 S1 2013 FY 2013 S1 2014 FY 2014 FY 2012 S1 2013 FY 2013 S1 2014 FY 2014 FY 2012 S1 2013 S1 2013 FY 2013 S1 2014 FY 2014 proforma
Slide 23: Solid fundamentals, 2014 results, 2015 outlook
1. 2. 3. Solid fundamentals 2014 2015 outlook results 23 - Full-year 2014 results – 25 March 2015
Slide 24: Governance adapted to the milestone reached in 2014
Governance adapted to the milestone reached in 2014 Appointment of three new directors to be proposed at the Annual General Meeting: • Michèle Cyna – A graduate of the École Polytechnique, École Nationale des Ponts et Chaussées and MIT, Michèle Cyna is Chairman and CEO of the Burgeap Group and a m
Slide 25: A Group well-placed to succeed in 2015
A Group well-placed to succeed in 2015 A significant number of competitive tenders in progress despite slower decision-making processes A Group now able to compete effectively in multi- country tenders launched by major international customers Closely monitor any opportunities to make transfor