Compagnie Financiere Tradition Sa · SIX:CFT
Compagnie Financiere Tradition Sa — H1 2016 Earnings Presentation
12 slides from Compagnie Financiere Tradition Sa's earnings presentation, Sep 1, 2016
Slide 1: Compagnie Financière Tradition H1 2016 results presentation
Compagnie Financière Tradition H1 2016 results presentation Zurich 1 September 2016
Slide 2: First semester activity in a stabilising market environment
First semester activity in a stabilising market environment Results overview H1 2016 Performance M CHF (Variation at constant rates) • Differentiation in revenue trend between regions and asset classes 425.2 Revenue -1.6% 426.6 • Importance to maintain momentum on cost reduction in a consolidating i
Slide 3: Revenue overview
Revenue overview Group adjusted revenue Adjusted revenue by business (H1/H1 variation at M CHF M CHF H1 2015 H1 2016 457.2 460.0 constant rates) -2.3% -1.0% IDB Non-IDB Joint ventures 30.6 34.8 445.3 440.4 +48.1% 19.6 Subsidiaries (reported) 11.9 426.6 425.2 H1 2015 H1 2016 IDB quarterly revenue tre
Slide 4: Adjusted revenue by region
Adjusted revenue by region Europe: Americas: UK, France, Belgium, Germany, Italy, USA, Argentina, Chile, Colombia, Mexico, Luxembourg, Russia, Spain (Minority), Brazil (Minority) Switzerland Revenue in mCHF Middle East / Africa: (H1/H1 variation at constant rates) At current rates UAE, Israel, South
Slide 5: Adjusted revenue by product
Adjusted revenue by product Adjusted revenue breakdown IDB Revenue trend by product 3% 4% 250 (H1/H1 variation at constant rates) M CHF 20% 21% Non IDB -3.0% Commodities 32% 30% 200 Securities H1 2015 Rates 46% 45% H1 2016 -6.7% 150 H1 2015 H1 2016 IDB Revenue by product +6.5% (variation at constant
Slide 6: Adjusted underlying operating margin increase to 10.1%
Adjusted underlying operating margin increase to 10.1% Adjusted underlying operating profit IDB Headcount trend margin Support Front office staff M CHF 2'297 2'229 9.9% 10.1% 2'125 2'114 2'093 +2.2% Exceptional items 45.0 46.7 Non IDB 3.9 7.3 1'622 1'531 IDB 1'449 1'414 1'398 41.1 39.4 675 698 676 7
Slide 7: Gaitame.com continue to deliver strong results
Gaitame.com continue to deliver strong results Revenue trend* EBITDA trend* M CHF M CHF At current rates At constant rates (variation at constant rates) At current rates At constant rates (variation at constant rates) +43.8% +48.1% margin 40% 46% 28% 40% 24% 15.1 37.6 13.1 26.8 28.6 23.7 9.4 7.5 15.
Slide 8: Net profit – Group share up 33.9% to CHF 29.4m
Net profit – Group share up 33.9 % to CHF 29.4m Net profit – Group share M CHF H1 2016 H1 2015 Change Change at Net interest expense -4.0 -2.9 at current constant 3.6 -3.7 exchange exchange Net foreign exchange gains/(losses) M CHF H1 2016 H1 2015 rates rates 0.2 1.3 Gains/(losses) on financial asse
Slide 9: Continued focus on strong balance sheet
Continued focus on strong balance sheet Assets Equity and Liabilities M CHF 30.06.16 31.12.15 M CHF 30.06.16 31.12.15 Property, Plant & Equipment 25.7 21.7 Capital 17.6 17.6 Intangible assets 49.4 47.4 Share premium 24.2 24.2 Investments in associates and joint ventures 131.5 115.0 Treasury shares -
Slide 10: Net cash position of CHF 228m
Net cash position of CHF 228m1) Net cash position trend Net adjusted cash flows trend* M CHF Movements in exchange rates Net cash flows - financing activities Net cash flows - investing activities Net cash flows - operating activities * 93 9 37 27 4 5 -4 -17 -22 -33 -9 -4 H1 2015 H2 2015 H1 2016 10f
Slide 11: Total shareholders' equity above CHF 400m excluding own shares
Total shareholders’ equity above CHF 400m excluding own shares Shareholders’ equity trend Shareholders’ equity breakdown M CHF Capital and share premium Consolidated reserves Currency translation 400 Treasury shares Minority interests Total Group share 370.0 375.4 354.1 329.2 300 315.6 13.2 14.3 12.
Slide 12: Tradition, one of the 3 Global IDB
Tradition, one of the 3 Global IDB • Continue to built critical market share Critical market • Reported consolidated revenue of CHF 425m from subsidiaries with a further ~CHF 90m from investments in joint ventures and associated companies share • Focus on opportunities arising from external and orga
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