Bureau Veritas Sa · EURONEXT:BVI
Bureau Veritas Sa — H1 2008 Earnings Presentation
10 slides from Bureau Veritas Sa's earnings presentation, Jul 30, 2008
Slide 1: H1 2008 Revenue
Frank Piedelièvre H1 2008 Revenue Chief Executive Officer François Tardan Chief Financial Officer July 30, 2008 Key Highlights François Tardan 2 1
Slide 2: Q2 2008 Revenue and H1 2008 Revenue
Q2 2008 Revenue +18.9% 646.9 (€m) (6.1)% +16.5% 500.2 Total growth of 29.3% Q2 2007 Organic External Currency Q2 2008 Revenue Growth Growth Impact Revenue ► Organic growth of 16.5%: strong growth in all business areas and a positive impact due to a greater number of working days in Europe in Q2 2008
Slide 3: Acquisitions to date; Significant Financial Transactions
Acquisitions to date 12 Acquisitions – c. €160m of annual revenues Name Date Business Country Revenues (€m) Ziller Ass Jan. 08 Fire safety equipment inspection Germany 2 services Tecniter Jan. 08 Construction code compliance Italy 0.4 Codde Jan. 08 Energy efficiency France 0.4 auditing tools Cesmec
Slide 4: Business Review: Marine
Business Review Frank Piedelièvre 7 Marine (€m) +15.6% Q2 2008 revenue 72.0 62.3 ► Organic growth of 22.5% ► Negative currency impact of 6.9% Q2 2007 Q2 2008 H1 2008 revenue ► Organic revenue growth of 20.2% Sustained growth in new ships and equipments 138.9 (€m) +14.2% certification services (Asia
Slide 5: Industry; Industry – Mining & Minerals
Industry (€m) +73.8% 123.3 Q2 2008 revenue 71.0 ► Organic growth of 28.8% ► Negative currency impact of 7.0% ► Growth from acquisitions of 52.0% Q2 2007 Q2 2008 H1 2008 revenue 213.5 (€m) +59.8% ► Organic growth of 26.5% 133.5 Strong growth with sustained contributions coming from CAPEX in oil & gas
Slide 6: In-Service Inspection & Verification; Health, Safety and Environment
In-Service Inspection & Verification (€m) +35.6% 81.5 Q2 2008 revenue 60.1 ► Organic growth of 9.2% ► Negative currency impact of 3.2% ► Growth from acquisitions of 29.6% Q2 2007 Q2 2008 H1 2008 revenue ► Organic growth of 6.4% +30.6% 160.5 (€m) 3.0% in France 122.9 11.9% in Spain and Portugal (scop
Slide 7: Construction; Certification
Construction (€m) +30.0% 121.3 Q2 2008 revenue 93.3 ► Organic growth of 14.5% ► Negative currency impact of 4.1% ► Growth from acquisitions of 19.6% Q2 2007 Q2 2008 H1 2008 revenue ► Organic growth of 9.9% (€m) 24.4% 230.6 France +8.1%, Spain +17.3% and Japan +52.1% 185.4 -12.9% in the US, (-7.4% in
Slide 8: Consumer Products; Government Services & International Trade
Consumer Products (€m) +14.4% 76.8 67.1 Q2 2008 revenue ► Organic growth of 26.7% ► Negative currency impact of 12.8% ► Growth from acquisitions of 0.5% Q2 2007 Q2 2008 H1 2008 revenue ► Organic growth of 22.7% (€m) 134.9 Increase in analytical testing for restricted substances in all categories of
Slide 9: Outlook and Conclusion
Outlook Frank Piedelièvre 17 Conclusion ► Strong growth expected in 2008… Due to a strong first half, the group expects higher growth than the previous estimate of 15% growth in revenues and adjusted operating profit, at 2007 exchange rate and excluding any contribution from 2008 acquisitions ► ….in
Slide 10: Q&A; Disclaimer
Q&A 19 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 such as those described in the docum