Bureau Veritas Sa · EURONEXT:BVI
Bureau Veritas Sa — Q1 2014 Earnings Presentation
18 slides from Bureau Veritas Sa's earnings presentation, Apr 29, 2014
Slide 1: Q1 2014 Trading Update
Q1 2014 TRADING UPDATE April 29, 2014
Slide 2: Disclaimer
Q1 2014 TRADING UPDATE 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 descri
Slide 3: Agenda
Agenda HIGHLIGHTS BUSINESS REVIEW Q&A April 29, 2014
Slide 4: Highlights
Q1 2014 TRADING UPDATE HIGHLIGHTS Sami Badarani Chief Financial Officer April 29, 2014
Slide 5: Revenue growth
KEY Revenue growth HIGHLIGHTS (EUR millions) +6.9% +4.2% +2.7% 930.6 929.4 (7.0)% Q1 2013 Organic Scope Currencies Q1 2014 © Copyright Bureau Veritas / April 29, 2014 P5
Slide 6: Gradual increase in Organic growth
KEY Gradual increase in Organic growth HIGHLIGHTS Q4 2013 Q1 2014 Marine (0.3)% 9.8% +4.8% Commodities (4.4)% 0.7% +4.7% GSIT (11.3)% (8.0)% +3.3% IVS 4.8% 5.5% +2.7% Industry 3.7% 3.8% +1.6% Certification (2.3)% (2.0)% Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Consumer Products 10.7% 6.0% Construction 7.7% 2.9
Slide 7: Business Review
Q1 2014 TRADING UPDATE BUSINESS REVIEW Didier Michaud-Daniel Chief Executive Officer April 29, 2014
Slide 8: Marine
Q1 2014 TRADING UPDATE Marine BUSINESS REVIEW REVENUE EVOLUTION Q1 2014 HIGHLIGHTS (EUR m) +9.8% In-service (57% of revenue) 69.0 72.4 (4.9)% – Fleet up 5.4% in GRT – Market share gains New construction (43% of revenue) – Order book increase – Surge in equipment certification Q1 2013 Organic Currenc
Slide 9: Commodities
Q1 2014 TRADING UPDATE Commodities BUSINESS REVIEW REVENUE EVOLUTION Q1 2014 HIGHLIGHTS FY 12 FY 13 (EUR m) Sustained O&P growth across the board +0.7% +6.5% 162.8 157.8 No further deterioration in M&M (10.3)% Australia slowdown in Coal North America expansion in Agri Maxxam/OTI acquisitions Q1 2013
Slide 10: Government Services & International Trade
Q1 2014 TRADING UPDATE Government Services & International Trade BUSINESS REVIEW REVENUE EVOLUTION Q1 2014 HIGHLIGHTS (EUR m) Strong growth in Verification of 70.1 Conformity, General Trade & Auto 57.9 (8.0)% New Automotive Single Window (9.4)% contract in Armenia FY FY 12 12 FY FY 13 13 Unfavorable
Slide 11: In-Service Inspection & Verification
Q1 2014 TRADING UPDATE In-Service Inspection & Verification BUSINESS REVIEW REVENUE EVOLUTION Q1 2014 HIGHLIGHTS (EUR m) +10.1% 129.5 Improved organic growth in Europe +5.5% 113.8 (1.8)% US impacted by weather conditions Strong growth in the Middle East, FY 12 FY 13 Latin America and Asia Scope: Max
Slide 12: Industry
Q1 2014 TRADING UPDATE Industry BUSINESS REVIEW REVENUE EVOLUTION Q1 2014 HIGHLIGHTS (EUR m) +3.8% +5.4% Double-digit growth in North America, 223.1 219.2 Asia, the Middle-East, Latin America excluding Colombia (10.9)% Softness in Europe FY 12 FY 13 High comps in South Africa Q1 2013 Organic Scope C
Slide 13: Certification
Q1 2014 TRADING UPDATE Certification BUSINESS REVIEW REVENUE EVOLUTION Q1 2014 HIGHLIGHTS (EUR m) End of the Kyoto Protocol Program 79.4 73.9 EC recognition for Timber supply (2.0)% (4.9)% chain certification FY 12 FY 13 NSQ-100 Recognition to certify the Nuclear Supply chain Q1 2013 Organic Currenc
Slide 14: Consumer Products
Q1 2014 TRADING UPDATE Consumer Products BUSINESS REVIEW REVENUE EVOLUTION Q1 2014 HIGHLIGHTS (EUR m) +4.4% E&E strong growth (Mobile/Wireless) +6.0% 113.4 107.2 (4.6)% Stable Toys&Hardlines Softlines growth driven by inspection Strong growth in Food High basis of comparison Q1 2013 Organic Scope Cu
Slide 15: Construction
Q1 2014 TRADING UPDATE Construction BUSINESS REVIEW REVENUE EVOLUTION Q1 2014 HIGHLIGHTS (EUR m) France not yet recovering +2.9% +0.5% 105.3 105.2 US impacted by weather conditions (3.3)% Strong organic growth in China, India FY 12 KBI/CKM acquisitions Q1 2013 Organic Scope Currencies Q1 2014 REVENU
Slide 16: Quiktrak
Q1 2014 TRADING UPDATE Quiktrak BUSINESS REVIEW HIGHLIGHTS ASSETS Founded 1991 Strong footprint in vehicle inspections Headquartered in Oregon in North America 90 employees, vast network of RevoquestTM software: leading-edge inspectors technology in risk management Revenues of EUR 11m in 2013 RATION
Slide 17: Andes Control
Q1 2014 TRADING UPDATE Andes Control BUSINESS REVIEW HIGHLIGHTS ASSETS Founded 2003 Technical expertise in detection of Headquartered in Santiago chemical residues (pesticides, antibiotics, colorants…) in food Over 50 employees State of the art equipment Operations in Chile, Peru, Ecuador Strong cus
Slide 18: Q&A
Q1 2014 TRADING UPDATE Q&A April 29, 2014