22 slides from Cgi Inc. Class A's earnings presentation, Nov 6, 2019
Slide 1: Fourth Quarter and Fiscal 2019 Results
FOURTH QUARTER AND FISCAL 2019 RESULTS For the year and three month period ended on September 30, 2019 November 6, 2019 © 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 2019 Results
Q4 Fiscal 2019 Results vs Q4 F2018 Revenue $2.96B 5.7% Constant currency growth 7.7% Adjusted EBIT $457M 5.0% Adjusted EBIT margin 15.5% 10 bps Net earnings $324M 10.4% Net earnings margin 11.0% 50 bps Net earnings excluding specific items* $329M 6.3% Net earnings margin excluding specific items* 11
Slide 5: Strong Q4 Fiscal 2019 Results
Strong Q4 Fiscal 2019 Results Revenue Adjusted EBIT and margin $457 $2 959 +5.7% +5.0% Cash provided by operating activities $436 $2 799 (in dollars and % of revenue) 15.6% 15.5% +19.0% $405 Q4 F2018 Q4 F2019 Q4 F2018 Q4 F2019 Net earnings and margin, Diluted EPS excluding specific items excluding s
Slide 6: Fiscal 2019 Results
Fiscal 2019 Results vs F2018 Revenue $12.1B 5.3% Constant currency growth* 5.9% Adjusted EBIT* $1.82B 7.2% Adjusted EBIT margin* 15.1% 30 bps Net earnings $1.26B 10.7% Net earnings margin 10.4% 50 bps Net earnings excluding specific items* $1.31B 7.9% Net earnings margin excluding specific items* 10
Slide 7: Strong Fiscal 2019 Results
Strong Fiscal 2019 Results Revenue Adjusted EBIT and margin Cash provided by operating activities (in dollars and % of revenue) $12 111 $1 825 $1 634 +5.3% +7.2% +9.4% $11 507 $1 702 $1 493 14.8% 15.1% 13.0% 13.5% F2018 F2019 F2018 F2019 F2018 F2019 Net earnings and margin Net earnings and margin, D
Slide 8: $3.4B in Q4 bookings, book-to-bill of 115%
$3.4B in Q4 bookings, book-to-bill of 115% New Extensions, renewals business & add-ons 20% Q4 F2019 $3.4B 115% 80% BOOKINGS BOOK-TO-BILL CONTRACT TYPE New business 33% FISCAL 2019 $12.6B 104% 67% Extensions, renewals & add-ons © CGI Inc. 8
Slide 9: Cash provided by operating activities
Cash provided by operating activities Q4 F2019 $405M* 13.7% $1.48 CASH FLOW % OF REVENUE PER SHARE $1.6B* FISCAL 2019 13.5% $5.88 *Including cash disbursements related to restructuring and acquisition-related and integration costs of $22M during Q4 F2019 and $91M during F2019. Cash provided by opera
Slide 10: Fourth quarter Fiscal 2019
Fourth quarter Fiscal 2019 For the three months ended on September 30, 2019 © CGI Inc.
Slide 11: Q4 Fiscal 2019 Results: Revenue and adjusted EBIT segmentation
Q4 Fiscal 2019 Results Revenue and adjusted EBIT segmentation Revenue: $2.96B Adjusted EBIT: $457M Constant currency growth: 7.7% Margin: 15.5% Central and Eastern Europe Asia Pacific Asia Pacific 10% 5% 9% Western and Central and Southern Europe U.K. and Western and 16% Australia Southern Europe Ea
Slide 12: Adj. EBIT of $457 million, up $22 million
Q4 Fiscal 2019 Results Adj. EBIT of $457 million, up $22 million; margin of 15.5% In millions Adjusted EBIT $600 Adjusted EBIT margin 15% 15,6% 15,5% 15,2% 15,2% 14,8% 14,8% 14,8% 14,8% 14,5% 14,4% 14,4% $500 14,1% 12% $400 9% $300 6% $200 3% $100 $0 0% Adjusted EBIT and adjusted EBIT margin are non
Slide 13: Net earnings of $324M – diluted EPS of $1.19
Q4 Fiscal 2019 Results Net earnings of $324M – diluted EPS of $1.19, up 15.5% from Q4-F2018 $1,40 12% GAAP Diluted EPS 11,0% GAAP Net earnings Margin $1,20 10% $1,00 8% $0,80 6% $0,60 4% $0,40 2% $0,20 $0,00 0% © CGI Inc. 13
Slide 14: Net earnings excluding specific items of $329M
Q4 Fiscal 2019 Results Net earnings excluding specific items of $329M – diluted EPS of $1.21 excluding specific items, up 11.0% from Q4-F2018 $1,40 12% Diluted EPS - excl. specific items 11,1% Net Margin - excl. specific items $1,20 10% $1,00 8% $0,80 6% $0,60 4% $0,40 2% $0,20 $0,00 0% Net earnings
Slide 15: Net debt at $2.1B or 22.9% net debt to capitalization ratio
Q4 Fiscal 2019 Results Net debt at $2.1.B or 22.9% 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 22,9% 25% 20% $1 500 15% $1 000 10% $500 5% $0 0% Net debt and net debt to capitalization ratio are non-GAAP measures
Slide 16: Fiscal 2019
Fiscal 2019 For the year ended on September 30, 2019 © CGI Inc.
Slide 17: Fiscal 2019 Results: Revenue and adjusted EBIT segmentation
Fiscal 2019 Results Revenue and adjusted EBIT segmentation Revenue: $12.1B Adjusted EBIT: $1.8B Constant currency growth: 5.9% Margin: 15.1% Central and Eastern Europe Asia Pacific Asia Pacific 10% 5% 8% Western and U.K. and Central and Southern Europe Australia Western and Eastern Europe 15% 11% So
Slide 18: Strong profitability maintained
Strong profitability maintained Adj. EBIT at $1.8B , up $123 million; margin of 15.1%, up 30 basis points In millions Adjusted EBIT $1 800 16,0% Adjusted EBIT margin $1 600 $1 400 15,5% $1 200 $1 000 15,0% $800 $600 14,5% $400 $200 $0 14,0% Adjusted EBIT is a measure for which we provide the reconci
Slide 19: GAAP Net earnings of $1.3B - EPS of $4.55, up 15.2%
GAAP Net earnings of $1.3B - EPS of $4.55, up 15.2% GAAP Net earnings margin of 10.4%, up 50 basis points $5,00 10,60% Diluted EPS (GAAP) $4,50 Net Margin (GAAP) 10,40% $4,00 10,20% $3,50 10,00% $3,00 $2,50 9,80% $2,00 9,60% $1,50 9,40% $1,00 9,20% $0,50 $0,00 9,00% © CGI Inc. 19
Slide 20: Net earnings ex-items of $1.3B - EPS of $4.70, up 12.2%
Net earnings ex-items of $1.3B - EPS of $4.70, up 12.2% Net earnings margin of 10.8%, up 30 basis points $5,00 11,00% Diluted EPS adj. Net Margin adj. 10,80% $4,00 10,60% 10,40% $3,00 10,20% 10,00% $2,00 9,80% 9,60% $1,00 9,40% $0,00 9,20% © CGI Inc. 20
Slide 21: $1.6 billion provided by operating activities or 13.5% of revenue
$1.6 billion provided by operating activities or 13.5% of revenue $5.88 in cash per share in Fiscal 2019 In millions % revenue $1 650 15% Cash Flow from Operations (CFO) CFO (% of revenue) $1 450 $1 250 $1 050 14% $850 $650 $450 13% $250 $50 -$150 12% © CGI Inc. 21
Slide 22: Contact investor relations team to continue the conversation
Contact investor relations team to continue the conversation Lorne Gorber Executive Vice-President, Investor and Public Relations lorne.gorber@cgi.com +1 (514) 841-3355 For more information: CGI.com/investors © CGI Inc. 22