Slide 1: Annual and Special Shareholders Meeting
Annual and Special Shareholders Meeting
Slide 2: Call to Order
Call to Order
Slide 3: Constitution of Meeting
Constitution of Meeting
Slide 4: Appointment of Scrutineers
Appointment of Scrutineers
Slide 5: Establishment of Quorum
Establishment of Quorum
Slide 6: Meeting Regularly Constituted and Voting
Meeting Regularly Constituted and Voting
Slide 7: Minutes of 2011 Annual Meeting
Minutes of 2011 Annual Meeting
Slide 8: Financial Statements and Auditors' Report
Financial Statements and Auditors’ Report
Slide 9: Chairman's Remarks
Chairman’s Remarks
Slide 10: Election of Directors
Election of Directors
Slide 11: Appointment of Auditors
Appointment of Auditors
Slide 12: Approval of the Resolution to Renew the Shareholder Protection Rights Plan
Approval of the Resolution to Renew the Shareholder Protection Rights Plan
Slide 13: Resolution Regarding Executive Compensation
Resolution Regarding Executive Compensation
Slide 14: President's Address to Shareholders
President’s Address to Shareholders
Slide 15: Marc Parent, President and Chief Executive Officer
Marc Parent President and Chief Executive Officer
Slide 16: Leading by innovation
Leading by innovation We develop innovative technologies and services We are innovative in the way we go to market We have innovative partnerships and relationships with our customers We develop innovative programs for our employees
Slide 17: Our innovative technologies and services
Our innovative technologies and services
Slide 18: Our innovative technologies and services
Our innovative technologies and services
Slide 19: Civil market
Our innovative technologies and services Civil market
Slide 20: Civil market
Our innovative technologies and services Civil market AVIC Medium-Sized Transport aircraft Bombardier CSeries Bombardier Learjet 85 Airbus A350 Mitsubishi MRJ
Slide 21: CAE 3000 Series
Our innovative technologies and services CAE 3000 Series largest helicopter operator in Brazil
Slide 22: Civil full-flight simulators FY2012
Our innovative technologies and services Civil 37 civil full-flight simulators FY2012 10 full-flight simulator sales YTD
Slide 23: CAE Real Case
Our innovative technologies and services CAE Real Case
Slide 24: Closer to our customers
Our innovative technologies and services Closer to our customers
Slide 25: Defence Market
Our innovative technologies and services Defence Market Support the forces of > 50 nations
Slide 26: Our innovative technologies and services
Our innovative technologies and services Our innovative technologies and services Alenia Aermacchi M-346 Boeing P-8 Poseidon AgustaWestland AW189
Slide 27: Mission training
Our innovative technologies and services Mission training
Slide 28: Mission training
Our innovative technologies and services Mission training
Slide 29: New Core Markets
Our innovative technologies and services New Core Markets
Slide 30: Healthcare – products
Our innovative technologies and services Healthcare – products
Slide 31: World leader in healthcare simulation technology
Our innovative technologies and services More than 6,000 of our simulators are in use worldwide World leader in healthcare simulation technology
Slide 32: Mining
Our innovative technologies and services Mining Reduce cost of training and improve safety Solutions from exploration data management to mine planning
Slide 33: Go to market strategy
Go to market strategy
Slide 34: Global company supporting customers locally
Go to market strategy Global company supporting customers locally 800 employees on 70 military bases
Slide 35: Global company supporting customers locally
Go to market Global company supporting customers locally
Slide 36: Broadest portfolio of products and services
Go to market strategy Broadest portfolio of products and services
Slide 37: Strategic move
Go to market strategy Strategic move + = Increased revenue & cost synergies World leader in training Most esteemed brand in commercial pilots Ab-Initio training & aviation personnel sourcing
Slide 38: Ab-Initio training
Go to market strategy Ab-Initio training
Slide 39: Ab-Initio training
Go to market strategy Ab-Initio training Recruit Ab-Initio Type rating Placement
Slide 40: The world's largest
Go to market strategy The world’s largest Type rating network with 44 training locations Flight training organization with 12 Ab-Initio schools Aviation personnel sourcing organization with over 1,200 aviation professionals, with 50 airlines
Slide 41: KC-135 program
Go to market strategy KC-135 program More than 3,500 trained annually 13 USAF bases in the United States and internationally
Slide 42: New Core Markets - Healthcare
Go to market strategy New Core Markets - Healthcare Sales & Distributors Network
Slide 43: New Core Markets – Mining Offices
Go to market strategy New Core Markets – Mining Offices
Slide 44: Innovative partnerships and relationships
Innovative partnerships and relationships
Slide 45: Innovative partnerships and relationships
Innovative partnerships and relationships
Slide 46: JV with Air Asia
Innovative partnerships and relationships JV with Air Asia Sold simulators Operated its training centre Today, we train › All pilots › Maintenance Technicians › Cabin crew › Ground personnel
Slide 47: Multi-Purpose Training Centre
Innovative partnerships and relationships Multi-Purpose Training Centre Partnership with the government of Brunei
Slide 48: Long standing relationship
Innovative partnerships and relationships Long standing relationship 8 additional simulators
Slide 49: Growing our people and positioning them around the world
Growing our people and positioning them around the world
Slide 50: Growing our people and positioning them around the world
Growing our people and positioning them around the world
Slide 51: Conclusion
Conclusion Conclusion Leader in all our market segments First mover advantage in the emerging markets Geographic balance 8,000 employees on six continents Customers in more than 190 countries
Slide 52: Global reach, Innovative solutions, Best-in-class personnel
Conclusion Global Innovative Best-in-class reach solutions personnel
Slide 53: Stéphane Lefebvre, Chief Financial Officer
Stéphane Lefebvre Chief Financial Officer
Slide 54: Positioned for a strong future
FY2012 Highlights Positioned for a strong future Revenue (Millions of $) Net earnings (Millions of $)
Slide 55: Record backlog of $3.7 billion
FY2012 Highlights Positioned for a strong future Backlog (Millions of $) Record backlog of $3.7 billion
Slide 56: Civil
FY2012 Highlights Civil Revenue $841M Segment Operating Income $174M Margin 20.7% Orders with expected value $1.1B
Slide 57: Defence
FY2012 Highlights Defence Revenue $897M Segment Operating Income $142M Margin 15.8% Orders $960M
Slide 58: CAPEX and free cash flow
FY2012 Highlights CAPEX $166M › $117M for growth › $49M for maintenance Free cash flow (96% conversion) $174M Solid performance in FY12
Slide 59: Q1 FY2013 Highlights
Q1 FY2013 Highlights
Slide 60: Q1 FY2013 Revenue and Net income
Q1 FY2013 Highlights Revenue $480M Net income $21.3M Net income excl. restructuring, integration $46.7M and acquisition cost Earnings per share $0.08 EPS excl. restructuring, integration and acquisition cost $0.18
Slide 61: Civil
Q1 FY2013 Highlights Civil Revenue $251M Segment Operating Margin 19% Orders $235M Book-to-sales ratio (Q1) 0.94x Book-to-sales ratio (12 months) 1.24x
Slide 62: Defence
Q1 FY2013 Highlights Defence Revenue $203M Segment Operating Margin 14% Orders $146M Book-to-sales ratio (Q1) 0.72x Book-to-sales ratio (12 months) 1.00x
Slide 63: New Core Markets
Q1 FY2013 Highlights New Core Markets Revenue $26.1M Operating profit $0.7M
Slide 64: Additional financial highlights
Q1 FY2013 Highlights Additional financial highlights Income taxes (22%) $6.2M Free cash flow ($98M) › Unfavorable changes in non-cash working capital › Lower cash from operating activities Net debt $988.9M CAPEX $46.5M › $34.3M for growth
Slide 65: Revolving Credit facility at better interest rates
Q1 FY2013 Highlights Revolving Credit facility at better interest rates Extended from April 2015 to April 2017 Increased from $450M to $550M › $100M to reduce banking facility for Oxford acquisition Reflects quality of our business and healthy balance sheet
Slide 66: Use of capital and free cash flow
Q1 FY2013 Highlights Use of capital and free cash flow For selective investment where demand is secured For reducing our debt For generating higher current returns to shareholders
Slide 67: Financial Summary
Q1 FY2013 Highlights Financial Summary Performance reflects restructuring, acquisition and integration of Oxford Good financial health Solid Backlog at $3.9B Well positioned for the future
Slide 68: Looking Forward
Looking Forward
Slide 69: Civil
FY2013 : Shaping up the way we expected Civil Market continues to be robust with large aircraft backlogs › Airbus & Boeing: 8,500 aircraft to be delivered within next 6 years Total commercial aircraft backlog exceeds 10,000 for first time in history CAE already announced sales of 10 simulators › Exp
Slide 70: Civil Training and Services
FY2013 : Shaping up the way we expected Civil Training and Services 216 simulators in 44 training locations 12 flight schools around the world Offering clients end-to-end solutions Identified more opportunities to better serve our clients › Larger footprint › Broader portfolio
Slide 71: Civil Training and Services – easyJet contract
FY2013 : Shaping up the way we expected Civil Training and Services Long-term contract with easyJet Train cadets in our Ab-Initio schools Train them in our simulation centres when they graduate Providing crews through CAE Parc Aviation
Slide 72: Ab-Initio training
FY2013 : Shaping up the way we expected Ab-Initio training Recruit Ab Initio Type rating Placement Total offering will have positive impacts on the revenue as well as on the bottom line Cost efficiencies throughout the network
Slide 73: Civil Training and Services – Business Aviation
FY2013 : Shaping up the way we expected Civil Training and Services – Business Aviation Recovery still underway Utilization slowly increasing › Significant delivery levels in international and emerging markets During Farnborough airshow in early July › Bombardier announced its largest business aircr
Slide 74: Signs of optimism with new programs launched by OEMs
FY2013 : Shaping up the way we expected Signs of optimism with new programs launched by OEMs
Slide 75: Civil: Expect double-digit growth
FY2013 : Shaping up the way we expected Civil Expect double- digit growth with improved margins in our combined civil sector
Slide 76: Defence
FY2013 : Shaping up the way we expected Defence Market remains challenging › Difficult to predict timing of orders CAE has a strong pipeline of opportunities › US military expects two of the biggest export platforms over the decade - MH-60R helicopter & C-130J transport › CAE leads on these two plat
Slide 77: Defence: Higher levels of activity in emerging markets
FY2013 : Shaping up the way we expected Defence Higher levels of activity in the emerging markets › Multi-Purpose Training Centre in partnership with the government of Brunei
Slide 78: Defence: Continue to innovate
FY2013 : Shaping up the way we expected Defence Continue to innovate to ensure our offering remains as relevant as it is today › Delivering high fidelity training to promote the safety and mission-effectiveness of our defence partners worldwide Expect to see defence orders, revenue, earnings and mar
Slide 79: New Core Markets
FY2013 : Shaping up the way we expected New Core Markets Good progress in healthcare & mining › Critical mass to generate • >$100 million of revenue • Profitable
Slide 80: Fruits of our strategy
FY2013 : Looking Forward Fruits of our strategy More revenue and cash flow from our recurring services than ever before Continued confidence in our company › Dividend increase to $0.05, effective September 28, 2012
Slide 81: Business platforms in strong position: Civil
CAE is in a strong position CAE Business platforms in strong position Civil Acquisition of Oxford Aviation Academy › Solidified our global footprint › Enhanced our total offering to our customers Market leadership Responding to growing needs of our customers Robust market
Slide 82: Business platforms in strong position: Defence
CAE is in a strong position CAE Business platforms in strong position Defence Large pipeline of opportunities › Aircraft in high demand by many Forces around the world › Our challenge: predicting the timing of contract awards
Slide 83: Business platforms in strong position: New Core Markets
CAE is in a strong position CAE Business platforms in strong position New Core Markets Critical mass to leverage CAE capabilities Strong position Right team to deliver positive results
Slide 84: CAE is in a strong position
FY2013 : Looking Forward CAE is in a strong position The position we have built in Civil, Defence and New Core Markets represents the best in class assets for our customers and stakeholders
Slide 85: CAE is in a strong position
CAE is in a strong position zw On (2 ) Annual and Special CARLY = Shareholders Meeting
Slide 86: Thank You
Thank You
Slide 87: Shareholder Question Period
Shareholder Question Period
Slide 88: Results of Ballots
Results of Ballots
Slide 89: Termination of Meeting
Termination of Meeting