Sesa S.p.a. · MIL:SES
Sesa — FY2015 Earnings Presentation
17 slides from Sesa's earnings presentation, Apr 30, 2015
Slide 1: Group Presentation
Group Presentation Financial Statements as of April 30th, 2015 - August 2015
Slide 2: SeSa Group
SeSa Group SeSa Group is the leading Italian distributor of IT value-added products and solutions with consolidated revenues equal to Eu 1,060 Mn (last FY April 30, 2015) and about 1,000 employees. Group organization consists of 3 business units: Corporate: Group’s direction (ICT, Finance, HR, Con
Slide 3: Business Model
Business Model Strategic partner of Global IT Vendors (“IT Titans”) for the Italian market (Cisco, Dell, EMC, HP, IBM, Lenovo, Microsoft, Oracle), focusing on value-added segments: Server, Storage and Systems Software Enterprise Networking IT Services Continuous growth since 1973, by lev
Slide 4: Partner of Global IT Vendors
Partner of Global IT Vendors SESA Group main subsidiary - CGI - is the leading Italian IT Value Added distributor with a market share equal to 44% (source Sirmi, January 2015) thanks to the long term partnerships with the IT Global Vendors (IT Titans*) Long-term partnerships with IT Titans* and
Slide 5: Competitive advantages
Competitive advantages CGI is the Italian reference partner of the IT Global Vendors, Long-term relationship customizing for the Italian Enterprise and SME market the solutions with IT “Titans” globally designed by “IT Titans” Cash Flow To operate as major partner of the IT Vendors requires cash flo
Slide 6: IT Supply Chain
IT Supply Chain Vendor Technology (hardware and software) producers, mainly GLOBAL IT VENDOR multinational and global Value Distributors Distributors Focused on valued added IT solutions Hybrid Distribution Volume Distributors They distribute IT solutions professional and complex solutions Wholesale
Slide 7: IT market
IT market Italian IT market totaled Eu 18.5 billion in 2014 (source Sirmi, May 2015). In 2015 Italian the IT market is expected slightly down (-0.9%) against 2014, with signs of reverse trend compared to the 2011-2013 period Source SIRMI, May 2015 Italian IT market Ch. Ch. Ch. Ch. Ch. 2011 2012 20
Slide 8: Continuous growth since 90s
Continuous growth since 90s Over last 20 years SeSa Group has grown continuously (+9.2% CAGR from April 2011 - 2015), with a 12% revenue increase over the last fiscal year ending on April 30, 2015 1200 1,060 1000 948 CAGR +9.2% 2011-2015 832 812 800 746 665 579 604 600 522 546 570 476 402 400 339
Slide 9: Leadership in Italian VAD
Leadership in Italian VAD CGI leads the value-added IT distribution Italian value-added IT distribution market market in Italy, with a 43.7% market share in 2014 (source Sirmi, May 2015), growing by 5% compared to about 41% share in year 2013 43.7% 43.7% CGI is the largest Italian distributor in
Slide 10: Focusing on the Italian SMEs
Focusing on the Italian SMEs VAR is a leading System Integrator on the Italian • Owned ERP and Vertical Solutions Enterprise and Small Medium Enterprise market (SMB ERP • International ERP (SAP) and Enterprise represent about 30% of total IT market in 2015 – source Sirmi 2015) • Business Process O
Slide 11: Group annual key economic indicators
Group annual key economic indicators Revenues ** (Eu Mn) 55 Ebitda (Eu Mn) 49.5* 51.6 1250 50 1,060 44.2 1050 45 948 41.3 832 40 850 812 34.4 747 35 30 650 25 450 20 15 250 10 50 5 30 Apr 2011 30 Apr 2012 30 Apr 2013 30 Apr 2014 30 Apr 2015 30 Apr 2011 30 Apr 2012 30 Apr 2013 30 Apr 2014 30 Apr 2015
Slide 12: Group annual key financial indicators
Group annual key financial indicators 185 Shareholders’ Equity (Eu Mn) 60 53.5 Net Financial Position (Eu Mn) 165 160.4 50 144.0 145 40 129.9 30 125 20 105 84 10 85 4.2 67.8 0 65 30 Apr 2011 30 Apr 2012 30 Apr 2013 30 Apr 2014 30 Apr 2015 -10 45 -20 25 Feb 2013 IPO -20.7 -30 -26.2 5 April 30 Apr 30,
Slide 13: Key Financial Figures
Key Financial Figures Sesa (Euro) 2015 2014 2103 (1) As for the 2015 year, based on Stock Market MTA - Star MTA MTA dividend proposal subject to the approval of the 28th August 2015 Stock market price (April 30th of 16.34 13.20 10.40 General Shareholders’ Meeting every Fiscal Year) (2) As for the 20
Slide 14: Annex - Share Capital & Governance
Annex 1 - Share Capital & Governance SeSa shares are listed on the MTA Italian Stock Exchange since Oct 23th, 2013 (STAR Segment since February 16th, 2015) 15,651,101 outstanding ordinary shares of wich 198,374 Treasury Shares (1.27% of share capital) Main Shareholders’ % of the total share Sh
Slide 15: Income Statement as of April 30th, 2015
Income Statement as of April 30th, 2015 – Annex 1 Change Reclassified income statement 04/30/2015 % 04/30/2014 % 2015/14 Revenues 1,054,038 941,023 12.0% Other income 6,122 6,533 -6.3% Total Revenues and Other Income 1,060,160 100.0% 947,556 100.0% 11.9% Goods for resale 896,041 84.5% 794,557 83.9%
Slide 16: Balance Sheet as of April 30th, 2015
Balance Sheet as of April 30th, 2015 – Annex 2 Change Reclassified Balance Sheet 04/30/2015 04/30/2014 2015/14 Intangible assets 7,190 6,399 791 Property, plant and equipment 37,953 36,462 1,491 Investments valued at equity 2,766 2,856 (90) Other non-current receivables and tax assets 17,387 14,903
Slide 17: Disclaimer
Disclaimer This presentation (hereinafter the “Presentation” or the “Document”) has been prepared by SeSa SpA (“SeSa” or the “Company”) and by its subsidiaries (hereinafter «SeSa Group») for information purposes only. The presentation does not represent any investment research , recommendation, cons