20 slides from Cgi Inc. Class A's earnings presentation, Nov 11, 2020
Slide 1: Fourth Quarter and Fiscal 2020 Results
FOURTH QUARTER AND FISCAL 2020 RESULTS For the year and three month period ended on September 30, 2020 November 11, 2020 © CGI Inc.
Slide 2: Forward-looking information and statements
Forward-looking information and statements Our presentations contain “forward-looking information” within the meaning of Canadian securities laws and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable United Stat
Slide 3: George D. François and Schindler Boulanger
GEORGE D. FRANÇOIS SCHINDLER BOULANGER President and Executive Vice-President and Chief Executive Officer Chief Financial Officer © CGI Inc. 3
Slide 4: Q4 Fiscal 2020 Results
Q4 Fiscal 2020 Results vs Q4 F2019 Revenue $2.93B -1.1% Constant currency growth* -4.5% Adjusted EBIT* $458M flat Adjusted EBIT margin* 15.6% 10 bps Net earnings $252M -22.3% Net earnings margin 8.6% -240 bps Net earnings excluding specific items* $318M -3.4% Net earnings margin excluding specific i
Slide 5: Q4 Fiscal 2020 Results
Q4 Fiscal 2020 Results Revenue Adjusted EBIT and margin $2,959 -1.1% flat $457 $458 $2,926 Cash provided by operating activities (in dollars and % of revenue) 15.5% 15.6% $492 Q4 F2019 Q4 F2020 Q4 F2019 Q4 F2020 +21.4% Net earnings and margin, Diluted EPS excluding specific items excluding specific
Slide 6: Fiscal 2020 Results
Fiscal 2020 Results vs F2019 Revenue $12.2B 0.4% Constant currency growth* -0.1% Adjusted EBIT* $1.86B 2.1% Adjusted EBIT margin* 15.3% 20 bps Net earnings $1.12B -11.5% Net earnings margin 9.2% -120 bps Net earnings excluding specific items* $1.30B -0.4% Net earnings margin excluding specific items
Slide 7: Fiscal 2020 Results
Fiscal 2020 Results Revenue Adjusted EBIT and margin Cash provided by operating activities (in dollars and % of revenue) +0.4% +2.1% $12,164 $1,863 $1,939 $12,111 $1,825 +18.6% $1,634 15.1% 15.3% 13.5% 15.9% F2019 F2020 F2019 F2020 F2019 F2020 Net earnings and margin Net earnings and margin, Diluted
Slide 8: Demand for end-to-end services driving bookings
Demand for end-to-end services driving bookings $3.5B in Q4 bookings, book-to-bill of 119% New Extensions & business renewals 22% Q4 F2020 $3.5B 119% 78% BOOKINGS BOOK-TO-BILL CONTRACT TYPE Extensions & New renewals business 25% FISCAL 2020 $11.8B 97% 75% * Bookings and book-to-bill ratio are non-GA
Slide 9: Cash provided by operating activities
Cash provided by operating activities Q4 F2020 $492M 16.8% $1.88 CASH FLOW % OF REVENUE PER SHARE FISCAL 2020 $1.9B 15.9% $7.28 © CGI Inc. 9
Slide 10: Fourth quarter Fiscal 2020
Fourth quarter Fiscal 2020 For the three months ended on September 30, 2020 © CGI Inc.
Slide 11: Adj. EBIT of $458 million, flat year-over-year; margin of 15.6%
Q4 Fiscal 2020 Results Adj. EBIT of $458 million, flat year-over-year; margin of 15.6% In millions Adjusted EBIT $600 15.6% Adjusted EBIT margin 15% $500 12% $400 9% $300 6% $200 3% $100 $0 0% * Adjusted EBIT and adjusted EBIT margin are non-GAAP measures for which we provide the reconciliation to t
Slide 12: Net earnings of $252M – diluted EPS of $0.96
Q4 Fiscal 2020 Results Net earnings of $252M – diluted EPS of $0.96 $1.40 12% Diluted EPS GAAP Net earnings Margin $1.20 10% 8.6% $1.00 8% $0.80 6% $0.60 4% $0.40 2% $0.20 $0.00 0% * Net earnings margin is a non-GAAP measure for which we provide the reconciliation to their closest IFRS measure in th
Slide 13: Net earnings excluding specific items of $318M – diluted EPS of $1.22
Q4 Fiscal 2020 Results Net earnings excluding specific items of $318M – diluted EPS of $1.22 excluding specific items, up 0.8% from Q4-F2019 $1.40 11.5% Diluted EPS - excl. specific items Net Margin - excl. specific items $1.20 10.9% 11.0% $1.00 10.5% $0.80 10.0% $0.60 9.5% $0.40 9.0% $0.20 8.5% $0.
Slide 14: Net debt at $2.78B or 23.6% net debt to capitalization ratio
Q4 Fiscal 2020 Results Net debt at $2.78B or 23.6% net debt to capitalization ratio In millions $3,500 45% Net debt Net debt to capitalization ratio 40% $3,000 35% $2,500 30% $2,000 25% 23.6% 20% $1,500 15% $1,000 10% $500 5% $0 0% * Net debt and net debt to capitalization ratio are non-GAAP measure
Slide 15: Fiscal 2020
Fiscal 2020 For the year ended on September 30, 2020 © CGI Inc.
Slide 16: Strong profitability maintained
Strong profitability maintained Adj. EBIT at $1.9B, up $38 million; margin of 15.3%, up 20 basis points In millions Adjusted EBIT $2,000 16.0% Adjusted EBIT margin $1,800 $1,600 15.5% $1,400 $1,200 $1,000 15.0% $800 $600 14.5% $400 $200 $0 14.0% * Adjusted EBIT is a non-GAAP measure for which we pro
Slide 17: GAAP Net earnings of $1.1B - EPS of $4.20, down 7.7%
GAAP Net earnings of $1.1B - EPS of $4.20, down 7.7% GAAP Net earnings margin of 9.2%, down 120 basis points $5.00 11.0% Diluted EPS $4.50 Net Margin (GAAP) 10.5% $4.00 $3.50 10.0% $3.00 $2.50 9.5% $2.00 9.0% $1.50 $1.00 8.5% $0.50 $0.00 8.0% * Net earnings margin is a non-GAAP measure for which we
Slide 18: Net earnings ex-items of $1.3B - EPS of $4.89, up 4.0%
Net earnings ex-items of $1.3B - EPS of $4.89, up 4.0% Net earnings margin of 10.7%, down 10 basis points $5.00 11.0% Diluted EPS adj. Net Margin adj. $4.00 10.5% $3.00 10.0% $2.00 9.5% $1.00 $0.00 9.0% * Net earnings, net earnings margin and diluted EPS, all excluding specific items, are non-GAAP m
Slide 19: $1.9 billion provided by operating activities or 15.9% of revenue
$1.9 billion provided by operating activities or 15.9% of revenue $7.28 in cash per share in Fiscal 2020 In millions % revenue $2,500 20% Cash Flow from Operations (CFO) CFO (% of revenue) 19% $2,000 18% 17% $1,500 16% 15% $1,000 14% 13% $500 12% 11% $0 10% © CGI Inc. 19
Slide 20: Contact investor relations team to continue the conversation
Contact investor relations team to continue the conversation Maher Yaghi, MSc., CFA, CPA, FRM Aliasghar Taha, CFA Vice-President, Investor Relations Director, Investor Relations maher.yaghi@cgi.com aliasghar.taha@cgi.com +1 (514) 415-3651 +1 (514) 415-3611 For more information: CGI.com/investors © C