Slide 1: 2011 Annual Meeting of Shareholders
2011 Annual Meeting of Shareholders
Slide 2: Lynton R. Wilson, Chairman of the Board
Lynton R. Wilson Chairman of the Board
Slide 3: 2011 Annual Meeting of Shareholders
2011 Annual Meeting of Shareholders
Slide 4: Call to Order
Call to Order Global first.
Slide 5: Constitution of Meeting
Constitution of Meeting Global first.
Slide 6: Appointment of Scrutineers
Appointment of Scrutineers Global first.
Slide 7: Establishment of Quorum
Establishment of Quorum Global first.
Slide 8: Meeting Regularly Constituted and Voting
Meeting Regularly Constituted and Voting
Slide 9: Minutes of 2010 Annual Meeting
Minutes of 2010 Annual Meeting
Slide 10: Financial Statements and Auditors' Report
Financial Statements and Auditors’ Report
Slide 11: Chairman's Remarks
Chairman's Remarks Global first.
Slide 12: Election of Directors
Election of Directors Global first.
Slide 13: Appointment of Auditors
Appointment of Auditors Global first.
Slide 14: Marc Parent, President and CEO
Marc Parent President and Chief Executive Officer 14
Slide 15: Key for long-term success
Key for long-term success World-class innovation Focus on modelling and simulation Balanced revenue base Unmatched global footprint 15
Slide 16: World-class innovation
World-class innovation Innovation is CAE’s DNA with ~10% of revenue invested in R&D every year Augmented Engineering Environment360º Command Centre / True Airport Dynamic Synthetic Environment
Slide 17: Market recognition of our technology
Market recognition of our technology Civil of contracts to design and manufacture Market 100% 1st simulators of new aircraft types Airbus 350 Mitsubishi Regional Jet ATR-600 Bombardier Learjet 85
Slide 18: Market recognition of our technologies
Market recognition of our technologies Defence Market Boeing P-8 Hawker Beechcraft AT-6
Slide 19: Leader and trusted partner
Leader and trusted partner 19
Slide 20: Focus on modelling and simulation
Focus on modelling and simulation 20
Slide 21: Balance and diversification
Balance and diversification
Slide 22: Unique global presence
Unique global presence >60 years >60 years >20 years >30 years >40 >30 years years Global >30 First years 22
Slide 23: Global First
Global First 7,500 employees Based in 25 countries Customers in 150 countries 23
Slide 24: Q1 FY12 simulators sold mostly in emerging markets
Q1FY12 11 simulators sold mostly in emerging markets 24
Slide 25: Significant expansion of training footprint in South America
Commercial aviation Significant expansion of training footprint in South America Four full-flight simulators in Brazil and Chile New training location in Peru Renewed long-term training agreements with
Slide 26: CAE Global Academy
CAE Global Academy Global Academy Training school in Perth, Australia
Slide 27: Three pivotal joint ventures
Three pivotal joint ventures Commercial aviation
Slide 28: Business aviation
Business aviation Centres BURGESS HILL DALLAS DUBAI MORRISTOWN New centres AMSTERDAM MEXICO CITY SÃO PAULO ASIA 28
Slide 29: Helicopter aviation
Helicopter aviation Centres ABERDEEN BENGALURU DUBAI MORRISTOWN PHOENIX SESTO CALENDE STAVANGER New centres SÃO PAULO TOLUCA ZHUHAI 29
Slide 30: World leader in simulation based training for pilots
Defence World leader in simulation based training for pilots > 50 nations > 25% market share FY2011 Order intake ~$1 billion (third year in a row) Key contract wins with 24 nations
Slide 31: 10-year $250 million KC-135 aircrew training contract
Defence 10-year $250 million for aircrew training for KC-135 tanker aircraft
Slide 32: Design and manufacture MH-60R Seahawk helicopter trainers
Defence Design and manufacture 2 MH-60R Seahawk helicopter trainers
Slide 33: Support services for M-346 full-mission simulators
Provide maintenance and support services for M-346 full-mission simulators Defence
Slide 34: Build a CAE 3000 Series AW139 full flight simulator
Malaysia’s Professional Way Defence Build a CAE 3000 Series AW139 full flight simulator Support AgustaWestland’s new authorized training centre in Asia 34
Slide 35: Land training: US Army and Force Protection
Land training Defence United States Army 5 Abrams tank maintenance training systems CAE and Force Protection Industries Compete for Canadian Forces Tactical Armoured Patrol Vehicle project 35
Slide 36: Exclusive teaming agreement with General Atomics
Unmanned Aerial Systems Defence Exclusive teaming agreement with General Atomics Offer Predator to meet needs of Canadian Forces 36
Slide 37: New Core Markets: Mining and Healthcare
New Core Markets Combined revenue of $38 million Notable inroads in both markets Mining Healthcare
Slide 38: 175 new customer sites across 50 countries
Mining New Core Markets 175 new customer sites across 50 countries
Slide 39: Healthcare
Healthcare New Core Markets > 80 surgical simulators Launched CAE Caesar™ trauma patient simulator > 50 ultrasound simulators
Slide 40: Stéphane Lefebvre, VP Finance and CFO
Stéphane Lefebvre Vice President, Finance and CFO
Slide 41: FY2011 Highlights
FY2011 mle lalirelaies Global first.
Slide 42: Record backlog of $3.4 billion
Positioned for a strong future FY2011 Highlights Record backlog of $3.4 billion
Slide 43: Civil FY2011 Highlights
Civil FY2011 Highlights $726 million Segment Operating Income $118 million Margin 16.2% Orders with expected value $878 million
Slide 44: Defence FY2011 Highlights
Defence FY2011 Highlights Revenue $865 million Segment Operating Income $147.6 million Margin 17.1% Orders $939 million
Slide 45: FY2011 Highlights: CAPEX and free cash flow
FY2011 Highlights CAPEX $77 million for growth $38 million for maintenance Free cash flow $147 million Net debt to total capital 30%
Slide 46: Q1 FY2012 Highlights
1G. N= BY Gi Fy2012 ay 82 Bee Highlights Global first.
Slide 47: Strong start: Q1 FY2012 Highlights
Strong start Q1 FY2012 Highlights Revenue $428 million Net earnings $43 million Earning per share $0.17 47
Slide 48: Civil Q1 FY2012 Highlights
Civil Q1 FY2012 Highlights Segment Operating Margin 21.5% Revenues $210 million Orders $230 million Book-to-sales ratio 1.09x
Slide 49: Defence Q1 FY2012 Highlights
Defence Q1 FY2012 Highlights Orders $210 million Book-to-sales ratio 1.02x Revenue $206 million Margin 14.2%
Slide 50: New Core Markets Q1 FY2012 Highlights
New Core Markets Q1 FY2012 Highlights Revenue $11.4 million 48% increase over last year Operating loss $2.6 million Continued to invest in the future 50
Slide 51: Free cash flow and CAPEX
Highlights Q1 FY2012 Highlights Free cash flow ($88.5) million Lower cash provided by operating activities Negative movements in non-cash working capital CAPEX $30.5 million $19.6 million for growth
Slide 52: Highlights Conclusion
Highlights Conclusion Q1 FY2012 Highlights Good financial health Good overall results Strong balance sheet
Slide 53: Looking Forward
Looking Forward Global first.
Slide 54: Looking forward
Looking forward Both our Civil and Defence segments well-positioned Successful in volatile market conditions by Being agile Financially prudent Well diversified Solid order backlog in Civil and Defence CAE’s simulation solutions offer a way for customers to reduce training costs while maintain
Slide 55: Commercial aviation: higher passenger demand and airline capacity
Commercial aviation Looking forward Higher passenger demand and airline capacity 2x more orders in Paris than Farnborough last year AirAsia ordered 200 revamped A320 jets American Airlines ordered 460 narrow body aircraft • Largest aircraft order in history
Slide 56: Commercial aviation
Commercial aviation Looking forward >23,000 pilots every year 56
Slide 57: Business aviation: market is improving
Business Aviation Looking forward Market is improving Corporate profitability will be a key demand driver Well positioned overseas More than half of all aircraft orders and deliveries outside U.S.
Slide 58: Defence: governments face budget pressures
Defence Looking forward Governments face budget pressures Particularly in U.S and Europe Well positioned on highly relevant platforms 58
Slide 59: Defence: footprint in the United States and Europe
Defence Looking forward Important footprint in the United States and Europe Well-established presence in growing key global markets Expect good order intake 59
Slide 60: Move training hours from aircraft to simulators
Defence Looking forward Move training hours from aircraft to simulators in order to reduce cost CAE is part of the solution Maintain and improve mission readiness Lower cost 60
Slide 61: A strong company
A strong company Civil: benefiting from market recovery and growth in emerging markets Defence: difficult market conditions Healthy backlog Well positioned in key growth defence markets Healthcare and mining: businesses still at their beginnings Building material and profitable businesses for
Slide 62: Good growth ahead
Good growth ahead Diversified, strong and agile Strong management team Good track record in adapting to change Solid order backlog Good exposure in growth markets 62
Slide 63: Global First: Thank you
Global First Team doing a great job Listening to customers Responding efficiently to their needs Thank you: CAE team members CAE Board Our shareholders
Slide 64: Marc Parent, President and CEO
Marc Parent President and Chief Executive Officer 64
Slide 65: Shareholder Question Period
Shareholder Question Period 65
Slide 66: Termination of Meeting
Termination of Meeting Global first.
Slide 67: 2011 Annual Meeting of Shareholders
2011 Annual Meeting of Shareholders