Thales Sa · EURONEXT:HO
Thales Sa — Gemalto — Q3 2014 Earnings Presentation
16 slides from Thales Sa's earnings presentation, Oct 23, 2014
Slide 1: Third quarter 2014 revenue
Listen-only live audio webcast available from www.gemalto.com/investors Third quarter 2014 revenue October 23, 2014 Olivier Piou, CEO Jacques Tierny, CFO
Slide 2: Disclaimer
Disclaimer This communication does not constitute an offer to purchase or exchange or the solicitation of an offer to sell or exchange any securities of Gemalto. This communication contains certain statements that are neither reported financial results nor other historical information and other stat
Slide 3: Basis of preparation
Basis of preparation Ongoing operations and adjusted income statement For a better understanding of the current and future year-on-year evolution of the business, the Company provides revenue from “ongoing operations” for both the 2014 and 2013 reporting periods except where otherwise noted. The adj
Slide 4: Third quarter 2014 highlights
Third quarter 2014 highlights Revenue up +6% to €626 million driven by Asia and Americas Platforms & Services up +16% with +45% in Mobile Financial Services 2014 outlook confirmed All revenue variations in this document are at constant exchange rates 4 Gemalto third quarter 2014 revenue 23 Oct
Slide 5: Financial results
Jacques TIERNY - CFO Financial results 5 Gemalto third quarter 2014 revenue 23 October 2014
Slide 6: Mobile – key financial information
Mobile – key financial information Revenue € 331m Embedded software & Products revenue was €264 million, representing a (5%) variation compared to the strong third quarter of 2013. Revenue from embedded secure elements expanded +57% and revenue +0% (2013 Q3: € 335m) from Machine-to-Machine conne
Slide 7: Payment & Identity – key financial information
Payment & Identity – key financial information Revenue € 289m Payment & Identity segment revenue came in at €289 million, increasing by +12% compared to the previous year. +12% (2013 Q3: € 260m) Embedded software & Products and Platforms & Services revenues grew by +13% and +8% respectively. I
Slide 8: Outlook for 2014
Outlook for 2014 For 2014, Gemalto anticipates double-digit expansion in profit from operations for the full year as well as an acceleration of year-on-year revenue growth at constant exchange rates for the second semester. This does not take into account the SafeNet acquisition that is expected to
Slide 9: Moving forward
Olivier PIOU - CEO Moving forward 9 Gemalto third quarter 2014 revenue 23 October 2014
Slide 10: Progressive inclusion of traditional technology into a wider portfolio of devices
The progressive inclusion of our traditional technology into a wider portfolio of devices is a trend we have integrated in our expansion plan till 2017 and beyond Our 2014-2017 Multiyear Development Plan presents two opportunities for our Mobile segment, related to embedded Secure Elements and conne
Slide 11: In payment, expectations for trust and cost efficiency are rising
Per issuer, Per issuer, 1 digital payment instrument Multiple digital payment instruments In payment, expectations for trust and cost efficiency are rising In-store Online Previous generations of payment technologies are progressively replaced to reach new market expectations for security and cost e
Slide 12: For banks, the Trusted Service Hub delivers secure payment data
For banks, the Trusted Service Hub delivers secure payment data into a diverse range of devices MASS ACCESS PAYMENT TRANSPORT RETAIL TRANSIT MANAGEMENT EMV TOKEN, EMV CLASSIC Management of the payment Gemalto HUB enablement data in the device on behalf of the issuing bank eSE, HCE, SIM, TEE USER DEV
Slide 13: Acceleration in the spread of secure elements expands our market
More generally, an acceleration in the spread of secure elements expands our market Embedded software & Products 1 application (SIM) Many applications 1 type of device (Phone) Many types of devices BEFORE AFTER 1 data mgmt service (OTA) Many data mgmt services Platforms & Services Proportion of SIM
Slide 14: Embedded SIMs need both a SIM and subscription management
Embedded SIMs need both a SIM and subscription management MNO Subscription 1 Integration of the SIM 2 management service SIM integrated by OEMs Issuance of a new profile and Based on an advanced operating OEM access keys by the selected MNO system, multitenant Loading of the secure data into
Slide 15: Gemalto offers market neutrality, expertise and wide reach
Gemalto offers market neutrality, expertise and wide reach For Service Providers One single contract, with Gemalto Access to all devices, preserving Preservation of business direct relationship to users independence The broadest expertise and field experience Trusted Services Hub eSE TEE Available t
Slide 16: Gemalto
Gemalto Enabling trust in the digital world World Leader in Digital Security Markets in Strong Development Unique Technology Portfolio Blue Chip Customers Large Free Float and Robust Financials A Business Model with Strong Leverage on Growth 16 Gemalto third quarter 2014 revenue 23 October 2014