Slide 1: Revenue, January 26, 2017
ig Revenue January 26, 2017
Slide 2: © Cegedim 2017
© Cegedim 2017
Slide 3: Agenda and Safe Harbor Statement
AGENDA 01 SAFE HARBOR STATEMENT ---------- This presentation contains forward- looking statements (made pursuant Highlights to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995). By their nature, forward- 02 looking statements involve risk and uncertainty. Forward-l
Slide 4: Highlights of FY 2016
Environment Operations • Significant market • Business model opportunities in all of transformation well our business on track Drivers: • Cegedim change its Highlights of • Regulatory approach to two • Economy disputes with FY 2016 • Demography customers in the US • Consumer resulting into a • Techn
Slide 5: FY-16 Revenue Highlights
│ 5 │ • The business model transformation initiated in fall 2015 is beginning to pay off • L-f-L revenue growth exceeds guidance • L-f-L growth at the Health insurance, HR and e-services division picked up yet again in Q4 • Healthcare Professionals division declined by 4.2% in Q4 +5.4%% Cegedim Grou
Slide 6: Business Model Transformation
2018 Full benefit of Group transformation Well-positioned for the coming years Business Model Transformation 2016 – 2017 Group transformation 2015 Beginning of Cegedim strategic │6│ repositioning © Cegedim 2017
Slide 7: Business Model Transformation Progress
• Disposal • Robust IT infrastructure • Debt management • Experience of SaaS, BPO • Restatement of financial leases and Digital • Bolt-on acquisition • Talented and motived people • Management changes • Financial flexibility Business Model Transformation Progress • Cloud • Drives more recurring reve
Slide 8: Business Model Transformation Progress
• New Management Team at Healthcare Professionals in US, UK and France » Increased investment in R&D allowed to launch, Business Model among others: Transformation » Pulse Cloud Practice Management for US doctors » Smart Rx for French pharmacists, Progress » Vision Anywhere for UK doctors » Cegedim
Slide 9: Update on Global Headcount
Update on Global Headcount │9│ © Cegedim 2017
Slide 10: Q4 2016 Revenue Growth
│10│ © Cegedi +5.4% (2.6)% m 2016 €122.5m 0.0% €119.3m Q4 15 L-f-L Forex Structure Q4 16 Revenue growth Q4 2016 revenue +12.5% (9.9)% n.s. €122.5m €119.3m 5.4% L-f-L Insurance , HR Activities not professionals & e-services 2.7% reported Healthcare allocated Q4 2016 revenue growth Q4 15 Health Q4 16
Slide 11: FY 2016 Revenue Growth
│11│ © Cegedi +4.4% (1.7)% €440.8m m 2016 0.8% €426.2m FY 15 L-f-L Forex Structure FY 16 Revenue growth FY 2016 revenue +11.8% (6.4)% n.s. €440.8m €426.2m Insurance , HR 4.4% L-f-L Activities not professionals & e-services Healthcare allocated 3.4% reported Health FY 2016 revenue growth FY 15 FY 16
Slide 12: Health Insurance, HR & e-services
+1.4% €262.3m +10.5% EMEA (0.2)% exc. France €234.7m 3.7% France 96.3% FY 15 L-f-L Forex Structure FY 16 Health Revenue breakdown by geography Revenue growth Insurance, HR & e- +13.0% services +10.3% +9.5% Highlights +8.7% • Double-digit growth at BPO business for health insurance companies (iGestio
Slide 13: Healthcare Professionals Highlights
€187.2m (2.8)% Americas 8.6% (3.7)% France EMEA 58.9% 0.0% exc. France €175.2m 32.4% FY 15 L-f-L Forex Structure FY 16 Revenue breakdown by geography Revenue growth Healthcare Professionals Highlights +0.5% • Decline in revenue was due to (6.3)% (0.7)% (4.2)% • Transition to cloud-based offerings •
Slide 14: Potential impact of Brexit
In 2015, the UK represented 15.1% Of consolidated Group revenue 19.2% Potential Of consolidated impact of Group EBIT Brexit • Cegedim operates in the UK in local currency, as it does in all the countries where it operates. • No major European health program at work in the UK. Thus, the impact on the
Slide 15: Explanation of the revision of 2016 EBITDA guidance
• Cegedim’s management has appointed a new CEO Explanation of in the US the revision of • Change its approach to two disputes with customers 2016 EBITDA in the US guidance • These changes resulted in the Group signing agreements that led to a conversion of receivables into a significant loss in 2016
Slide 16: Outlook
€60m FY 2016 EBITDA relative to 2015 As of January 26, 2017 • The business model transformation is well under way, so Outlook growth momentum is expected to pick up in 2017 and lead to improving profitability in the future • We expect to see the full impact of the transformation in 2018 • The Group
Slide 17: Shareholder Structure as of Dec. 2016
Others 4% Shareholder BPI USA France 29% 34% Structure as 15.0% of Dec. 2016 Free float UK 33% 32.2% FCB 52.7% Source: IPREO Data on Sept. 26, 2016 Cegedim 0.2% │17│ © Cegedim 2017
Slide 18: Events 2017
EVENTS 2017 22 23 27 March March April 2016 Earnings Analyst Meeting Q1-17 Revenue 27 20 26 July September October Q2-17 Revenue HY-17 Earnings Q3-17 Revenue © Cegedim 2017
Slide 19: Q&A Session
Q&A Session © Cegedim 2017
Slide 20: Investor Relations contact
Jan Eryk Umiastowski Chief Investment Officer – Head of Investor Relations janeryk.umiastowski@cegedim.com Tel: 00 33 1 49 09 33 36 – Mob: 00 33 6 73 25 96 34 © Cegedim 2016