Bureau Veritas Sa · EURONEXT:BVI
Bureau Veritas Sa — Q3 2011 Earnings Presentation
21 slides from Bureau Veritas Sa's earnings presentation, Nov 3, 2011
Slide 1: Q3 2011 Revenue
Q3 2011 Revenue November 3, 2011 Frank Piedelièvre Chairman & Chief Executive Officer Sami Badarani Chief Financial Officer Copyright©2011 Bureau Veritas - All rights reserved.
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements which are based on current plans and forecasts of Bureau Veritas’ management. Such forward-looking statements are by their nature subject to a number of important risk and uncertainty factors such as those described in the Document de
Slide 3: Agenda
Agenda Key highlights Business review Outlook Q&A Copyright©2011 Bureau Veritas - All rights reserved. November 3, 2011 3
Slide 4: Key highlights
Key highlights Sami Badarani Chief Financial Officer Copyright©2011 Bureau Veritas - All rights reserved.
Slide 5: Bureau Veritas at a glance
Bureau Veritas at a glance Founded in 1828 A global leader in conformity assessment and certification services Offering services and innovative solutions to its clients to ensure that their assets, products and management systems meet quality, health and safety, environmental and social responsibili
Slide 6: Q3 2011 revenue
Q3 2011 revenue (€m) +10.1% 830.3 +5.1% (2.9)% 739.1 Total growth +12.3% Q3 2010 Revenue Organic Scope Currency Q3 2011 Revenue Copyright©2011 Bureau Veritas - All rights reserved. November 3, 2011 6
Slide 7: 9M 2011 revenue
9M 2011 revenue (€m) +12.7% 2,453.1 (1.2)% +6.0% 2,088.2 Total growth +17.5% 9M 2010 Revenue Organic Scope Currency 9M 2011 Revenue Copyright©2011 Bureau Veritas - All rights reserved. November 3, 2011 7
Slide 8: Business Review
Business Review Frank Piedelièvre Chairman & Chief Executive Officer Copyright©2011 Bureau Veritas - All rights reserved.
Slide 9: Revenue by business
Revenue by business Q3 2011 9M 2011 €m Organic Scope FX €m Organic Scope FX Marine 76.2 (1.0)% - (2.5)% 235.9 +1.5% - (1.1)% Industry 183.6 +18.7% +2.2% (2.8)% 520.8 +17.4% +1.4% (0.9)% IVS 101.5 +3.0% +0.2% (1.7)% 316.0 +3.1% - (0.9)% Construction 100.8 (4.5)% +0.5% (2.2)% 304.9 (1.9)% (0.7)% (1.2)
Slide 10: Marine
Marine 9M 2011 Highlights (€m) 79.0 76.2 ► New ships and equipment certification (1.0)% (2.5)% (53% of revenues) New orders intake at GRT 5.8m (523 ships) (3.5)% Surge in deliveries at GRT 9.7m (+18% yoy) Total variation Order book at GRT 24.0m Market share up at 22.0% in number of ships and Q3 2010
Slide 11: Industry
Industry (€m) 9M 2011 Highlights +18.7% +2.2% 183.6 155.5 ► Sustained growth across markets and geographies (2.8)% ► Key wins: Large 4-5 years QA/QC frame agreement signed with 2 Total Oil majors +18.1% variation 4 large procurement services contracts with Petrobras Hyundai: 2nd party inspection con
Slide 12: In-Service Inspection & Verification
In-Service Inspection & Verification (€m) 9M 2011 Highlights +0.2% 101.5 99.9 +3.0% (1.7)% ► North Europe and France growing ► South Europe slightly down (Spain, Italy) Total +1.5% ► Large contract with Inditex Group: new shops/malls variation site inspections throughout Europe Q3 2010 Organic Exter
Slide 13: Construction
Construction (€m) 9M 2011 Highlights 107.5 +0.5% 100.8 ► France and Japan growing (4.5)% (2.2)% ► Continuous weakness in Spain and the USA Total (6.2)% ► Acquisitions: Civil Aid (India) €3m of revenue in variation 2010 ► Large QA/QC contract won in China with Q3 2010 Organic External Currency Q3 201
Slide 14: Certification
Certification (€m) 9M 2011 Highlights 74.6 +0.9% 71.0 ► +7.4% organic growth adjusted for the GSAC (3.5)% contract (French civil aviation authority) (2.2)% terminated in October 2010 Total (4.8)% ► Climate and sustainability schemes (JI/CDM, variation Biofuels, SA 8000, ISOP 50001) Q3 2010 Organic E
Slide 15: Commodities
Commodities (€m) +91.3% 139.7 9M 2011 Highlights (2.2)% ► US O&P: continuous ramp up after weak start of the 70.7 +8.5% year, new projects coming on line ► Strong organic growth in metals and minerals Total variation +97.6% upstream despite high comps Q3 2010 Organic External Currency Q3 2011 Revenu
Slide 16: Consumer Products
Consumer Products (€m) 9M 2011 Highlights +0.3% +0.6% 99.6 104.6 ► Growing segments: E&E (testing and (5.7)% certification in Greater China), inspection and social audits (increased presence with large Total variation (4.8)% accounts) ► Reduced volumes in Toys testing in China Q3 2010 Organic Extern
Slide 17: Government Services & International Trade
Government Services & International Trade (€m) 9M 2011 Highlights +15.0% 57.9 +11.1% ► Increased volumes and FOB value of 47.3 (3.7)% inspected goods ► Strong recovery in Ivory Coast since June +22.4% Total 2011 variation ► New Verification Of Conformity contract in Iraq ► Auto Reg acquisition: vehi
Slide 18: Outlook
Outlook Frank Piedelièvre Chairman & Chief Executive Officer Copyright©2011 Bureau Veritas - All rights reserved.
Slide 19: Outlook
Outlook The Group will deliver strong growth in FY 2011 revenues and adjusted operating profit at constant currencies: ► Mid-single digit organic growth in H2 2011 The Group announced BV2015 strategic plan on September 20, 2011 and set financial objectives for 2012-2015: ► Average annual revenue gro
Slide 20: Q&A
Q&A Copyright©2011 Bureau Veritas - All rights reserved.
Slide 21: Bureau Veritas - Move Forward with Confidence
BUREAU |BUREAU | VERITAS Move Forward with Confidence