Thales Sa · EURONEXT:HO
Thales Sa — Q1 2013 Earnings Presentation
16 slides from Thales Sa's earnings presentation, Apr 25, 2013
Slide 1: Sales and order intake Q1 2013
Sales and order intake Q1 2013 25 April 2013
Slide 2: Recent main business events
2 / Recent main business events Delivery of the first GM400 radars in Finland and Estonia Major milestone achieved on the NATO Air Command and Control System (ACCS) programme Second metro line enters service in Santo Domingo Creation of a joint venture with ISS Reshetnev in Russia Issue of a €800 mi
Slide 3: Key financials
3 / Key financials in €m Q1 2013 Q1 2012 change total organic Order intake 2,050 2,624 -22% -21% Sales 2,755 2,683 +3% +5% Lower order intake as several major orders were booked in Q1 12, especially in Transport Growing sales, driven by civil aerospace and emerging markets
Slide 4: Main commercial successes
4 / Main commercial successes Selected orders over €100m A400M simulation and training (UK) Total: €2,624m Other key orders €521m Naval radar systems (Asia) Total: €2,050m Total: €1,943m €145m Ottawa Light Rail Transit (Canada) €561m €436m €481m Cosmo-Skymed 2nd Generation (Italy) Munitions (Austral
Slide 5: Order intake by sector
5 / Order intake by sector in €m Q1 2013 Q1 2012 change total organic Aerospace 904 951 -5% -1% Transport 310 626 -50% -51% Defence & Security 740 976 -24% -24% DCNS 77 49 +57% +58% Other 19 22 -14% -14% Total 2,050 2,624 -22% -21% Aerospace, Transport : ► decrease vs. high Q1 12 comparables ► posit
Slide 6: Order intake by destination
6 / Order intake by destination RoW change 4% Middle in €m Q1 2013 Q1 2012 East total organic France 3% France 438 539 -19% -17% 21% Asia UK 288 208 +38% +41% 16% Other European countries 482 793 -39% -35% Europe 1,208 1,540 -22% -18% USA & Canada 209 446 -53% -54% Australia & NZ 8% UK Australia & N
Slide 7: Sales evolution
7 / Sales evolution in €m +128 -49 -7 2,683 2,755 Q1 2012 sales Acquisitions/ FX Organic growth Q1 2013 sales Divestments 5% organic growth
Slide 8: Sales by sector
8 / Sales by sector in €m Q1 2013 Q1 2012 change total organic Aerospace 859 884 -3% +3% Transport 240 255 -6% -5% Defence & Security 1,383 1,314 +5% +6% DCNS 257 215 +20% +20% Other 16 15 +7% +7% Total 2,755 2,683 +3% +5% Continued positive momentum in Aerospace Growth in Defence & Security driven
Slide 9: Sales by destination
9 / Sales by destination RoW 3% change Middle in €m Q1 2013 Q1 2012 East total organic 6% France 877 830 +6% +8% France Asia UK 324 316 +3% +5% 14% 32% Other European countries 450 523 -14% -9% Europe 1,651 1,669 -1% -2% USA & Canada 299 284 +5% +2% Australia/NZ 6% Australia & NZ 157 132 +19% +20% A
Slide 10: 2013 objectives
10 / 2013 objectives excluding any exceptional export contract Orders slightly up Sales stable EBIT(a) up by 5 to 8% vs. 2012 (a) After restructuring and before impact of purchase price allocation (“PPA”). Confirmed objective of underlying performance improvement despite economic uncertainties in Eu
Slide 11: Annexes
Annexes THALES
Slide 12: Upcoming events
12 / Upcoming events Annual General Meeting 24 May 2013 Dividend(a) payment 31 May 2013 Paris Air Show 17-23 June 2013 H1 2013 results 24 July 2013 Q3 and 9m 2013 sales 24 October 2013 (a) Subject to the Annual General Meeting approval on 24 May 2013, ex-dividend date 28 May 2013.
Slide 13: 2013 reporting structure
13 / 2013 reporting structure Aerospace & Transport Defence & Security Defence & Defence Transportation Air Avionics Space Security Land Defence Mission DCNS Systems Operations C4I Systems Systems 2012 2013 Information and Transportation Secured Land & Air Defence Mission Avionics Space DCNS Systems
Slide 14: Proforma H1 2012 financials
14 / Proforma H1 2012 financials (a) in €m Order intake Sales EBIT H1 2012 H1 2012 H1 2012 Aerospace 1,914 2,051 117 Transport 845 640 24 Defence & Security 3,018 3,189 191 DCNS 283 489 37 Other 42 44 (31) Total 6,102 6,413 338 (a) After restructuring and before impact of purchase price allocation (
Slide 15: Proforma FY 2012 financials
15 / Proforma FY 2012 financials (a) in €m Order intake Sales EBIT 2012 2012 2012 Aerospace 4,059 4,418 297 Transport 1,653 1,535 95 Defence & Security 6,748 7,081 504 DCNS 759 1,026 79 Other 74 98 (48) Total 13,293 14,158 927 (a) After restructuring and before impact of purchase price allocation (“
Slide 16: www.thalesgroup.com THALES – 45, rue de Villiers – 92526 Neuilly-sur-Seine Cedex – France This
www.thalesgroup.com THALES – 45, rue de Villiers – 92526 Neuilly-sur-Seine Cedex – France This presentation may contain forward-looking statements. Such forward-looking statements are trends or objectives, as the case may be, and shall not be construed as constituting forecasts regarding the Company