Slide 1: Sword Group Presentation H1-2012 - Key Figures
SWORD UPGRADE YOUR BUSINESS Sword Group Presentation H1-2012 - Key Figures
Slide 2: Management - 1
Sword Group Management - 1 Chairman & Group CEO Chief Financial Officer Page 2 Sword Group - H1-2012 Presentation - 12-09-2012
Slide 3: Management - 2
Sword Group Management - 2 3 Divisions - 3 CEO Software Division - Tony Allen IT Services Division - Jacques Mottard Communication Technologies - Juan Arcas Page 3 Sword Group - H1-2012 Presentation - 12-09-2012
Slide 4: Sword Group - H1-2012 Presentation - 12-09-2012 Page 4
Page 4 Sword Group - H1-2012 Presentation - 12-09-2012
Slide 5: Our know-how
IT Services Our Expertise: THE OPTIMIZATION OF INFORMATION Our know-how Sword Group Brochure 2012 - www.sword-group.com - 5 -
Slide 6: IT Services: Corporate Portal
Corporate Portal Corporate Portal IT Services Business Intelligence and dissemination of Federation & Syndication of information scientific information using Web Content Management collaborative space Collaborative Mode The "Seek & Share" application is composed of 2 modules: Seek: a module for re
Slide 7: IT Services: Semantics
Semantics Optimization of Information IT Services Search Unified access to company information Quickly find the relevant documents Help practitioners analyse a patient record within a few minutes Reference Frameworks Standardize the data exchanged Processing of non-structured documents Favour sema
Slide 8: IT Services: Enterprise Content Management
Enterprise Content Management Dematerialization of documents and Information IT Services Document Search & Consultation Create a tool for archiving and managing a client’s regulatory files Process Dematerialization Dematerialization of files and incoming mail Workflow - BPM Document consultation
Slide 9: IT Services: Geographic Information System
Geographic Information System Geomarketing - Mobility IT Services Business Applications Create a mapping platform of the French Integration in the Information System Gendarmerie Operational Command and Control System Real-time mobile geolocation of the 20 000 vehicles on Geographic Web Services th
Slide 10: IT Services: Business Intelligence
Business Intelligence Datawarehouse Implementation IT Services Directorate-General Innovation and Research Statistical Analyses Implementation of a datawarehouse containing research proposal data Enterprise Performance Management Data quality: CORDA presents a detailed report of standard recording
Slide 11: IT Services: Enterprise Search
Enterprise Search Integration & deployment of the Google Search IT Services Appliance Solution (GSA) Create a corporate search application Secure Intranet search Development of ECM/CMS connectors for GSA GSA unification spread over different sites around the Indexing contents and metadata, respe
Slide 12: IT Services: Intellectual Property
Intellectual Property (Patents & Trademarks) Sword Intellect is a leading player as a solution provider for References (extract) IT Services the management of intellectual property rights. Our clients are mainly national Brand and Patent offices and international organisations. Positioning Consult
Slide 13: Software
Software Sword Achiever Governance, Risk and Compliance Sword Apak Wholesale Floorplanning Software Sword Group Brochure 2012 - www.sword-group.com - 13 -
Slide 14: Governance, Risk and Compliance (GRC)
Governance, Risk and Compliance (GRC) Deliver Actionable GRC Intelligence Software Control / Protect / Improve Increase the visibility and accountability of Improve the group’s quality management information application Satisfy regulatory and quality compliance objectives Automate key operational
Slide 15: Wholesale Floorplanning Software (WFS)
Wholesale Floorplanning Software (WFS) Manages commercial financial transactions between: Financier / Bank Manufacturer / Supplier Software Dealer / Distributor network Implementation of a unique global solution to manage the financial products for Finances various types of assets Daimler’s dealers
Slide 16: Communication Technologies
Communication Technologies Multimedia production Design & Events management WCM / CWCMS Sword Group Brochure 2012 - www.sword-group.com - 16 -
Slide 17: Multimedia Production
Multimedia Production Audiovisual and multimedia applications for web Communication platforms Technologies Smartphone applications Mobile websites Multimedia competitions for the European Union http://multimedia.tipik.eu http://medialine.tipik.eu TIPIK www.tipik.eu Sword Group Brochure 2012 - www.sw
Slide 18: Design and Events Management
Design and Events Management Communication Publications Technologies Creation of the visual identity to advertise the opening of the Parlamentarium Annual reports Graphic charters Events management TIPIK www.tipik.eu Sword Group Brochure 2012 - www.sword-group.com - 18 -
Slide 19: WCM / CWCMS
WCM / CWCMS Preliminary analyses: accessibility, ergonomics, Communication semantics Technologies Creation of the portal for the European Commission Directorate-General for Justice Tools for document search and consultation Dematerialization and migration of 2,200 pages in 23 languages Newsroom and
Slide 20: Sword Group - H1-2012 Presentation - 12-09-2012 Page 20
Page 20 Sword Group - H1-2012 Presentation - 12-09-2012
Slide 21: Facts and Figures
Sword Group Facts and Figures H1-2012 Performance • International technology company founded in 2000 • Specialist in the delivery of high value business applications €M H1-2012 • Successful, growing, financially secure and listed Consolidated Revenue 67.0 • Customers in more than 50 countries Curren
Slide 22: Track Record - Consolidated
Sword Group Track Record - Consolidated Revenue (€m) (i) 75 66.97 61.78 65 55 45 Revenue Growth +8.4% 35 25 15 5 H1 2011 H1 2012 2012 Objective: €131.7M (7% growth) 50.9% of the annual objective Operating Profit (€m) (i) 10,0 9,5 9.20 9.09 9,0 8,5 8,0 EBIT Growth +1.2% 7,5 7,0 6,5 6,0 5,5 5,0 H1 201
Slide 23: H1-2012 Consolidated P&L
Sword Group H1-2012 Consolidated P&L Consolidated €M H1 2012 H1 2011 Revenue 66.97 90.27 Current Operating Profit 9.20 13.77 Page 23 Sword Group - H1-2012 Presentation - 12-09-2012
Slide 24: H1 2012 Consolidated Breakdown per Division
Sword Group H1 2012 Consolidated Breakdown per Division Current Operating €M Revenue % Organic Growth % Profit Software 23.58 4.65 19.7% +6.3% CRM + GRC 17.08 2.61 15.3% WFS 6.50 2.04 31.4% IT Services 30.47 3.14 10.3% +7.0% Benelux 6.17 0.68 11.1% France 10.88 0.78 7.2% Switzerland 6.54 0.82 12.6%
Slide 25: H1 2012 Proforma Breakdown per Division
Sword Group H1 2012 Proforma Breakdown per Division Current Operating €M Revenue % Organic Growth % Profit Software 8.63 2.57 29.8% +11.5% GRC 2.13 0.53 25.0% WFS 6.50 2.04 31.4% IT Services 30.47 3.14 10.3% +7.0% Benelux 6.17 0.68 11.1% France 10.88 0.78 7.2% Switzerland 6.54 0.82 12.6% Others (i)
Slide 26: Proforma 2011 & 2012 - Ciboodle Included
Sword Group Proforma 2011 & 2012 CIBOODLE INCLUDED €k Q1 Q2 H1 Y 2011 Revenue 31,118 30,663 61,781 123,154 EBIT 4,994 4,097 9,091 16,141 2012 Revenue 34,343 32,631 66,974 (+8.4%) - EBIT 5,100 4,099 9,199 (+1.2%) - Page 26 Sword Group - H1-2012 Presentation - 12-09-2012
Slide 27: Proforma 2011 & 2012 - Ciboodle Excluded
Sword Group Proforma 2011 & 2012 CIBOODLE EXCLUDED €k Q1 Q2 H1 Y 2011 Revenue 24,381 22,951 47,332 94,080 EBIT 3,396 3,628 7,024 10,591 2012 Revenue 27,327 24,696 52,023 (+9.9%) - EBIT 4,082 3,038 7,120 (+1.4%) - Page 27 Sword Group - H1-2012 Presentation - 12-09-2012
Slide 28: Top Ten - Ciboodle Included
Sword Group Top Ten - Ciboodle Included AARP US ADMIRAL UK ANZ Australia / Dubaï CATALYST US Directorate General for Justice, Freedom & Security Benelux Directorate General for Enterprise and Industry Benelux Lombard North Central PLC UK Orange Switzerland Switzerland Queensland Police Australia UEF
Slide 29: H1-2012 Exposure to Currencies
Sword Group H1-2012 Exposure to Currencies (Proforma basis) H1-2012 € 44.7% £ 25.0% $ 8.6% CHF 9.8% Others 11.9% Page 29 Sword Group - H1-2012 Presentation - 12-09-2012
Slide 30: Net Cash Position
Sword Group Net Cash Position (Ciboodle Included) H1-2012 + €1.55m (i) H1-2011 - €5.85m (i) (ii) (i) Treasury shares included / Ciboodle cash included (ii) Exceptional dividends included Page 30 Sword Group - H1-2012 Presentation - 12-09-2012
Slide 31: Dividends
Sword Group Dividends H1-2011 €0.69 / share €6.4m H2-2011 €1.7 / share €15.8m H1-2012 €0.69 / share €6.4m H2-2012 €0.69 / share €6.4m Page 31 Sword Group - H1-2012 Presentation - 12-09-2012
Slide 32: Backlog
Sword Group Backlog Ciboodle Included Ciboodle Excluded 28.3 months Total on 30/06/2012 24.2 months (i) Total on 30/06/2011 20.2 months (i) 25.4 months (i) Compared to the (Y+1) 2012 budget Page 32 Sword Group - H1-2012 Presentation - 12-09-2012
Slide 33: H1-2012 R&D
Sword Group H1-2012 R&D Software: 16.5% of the Software Proforma Revenue IT Services: 2.0% of the IT Services Proforma Revenue Page 33 Sword Group - H1-2012 Presentation - 12-09-2012
Slide 34: H1-2012 Consolidated Staff
Sword Group H1-2012 Consolidated Staff DBS H1-2012 NDBS Total Employees Freelancers Total Software 355 12 367 80 447 IT Services 462 113 575 69 644 Communication 96 108 204 11 215 Technologies Total 913 233(i) 1,146 160 1,306(ii) (i) 141 full time equivalent (FTE) staff (ii) 1,214 full time equivale
Slide 35: H1-2012 Proforma Staff
Sword Group H1-2012 Proforma Staff DBS H1-2012 NDBS Total Ciboodle Excluded Employees Freelancers Total Software 92 8 100 21 121 IT Services 462 113 575 69 644 Communication 96 108 204 11 215 Technologies Total 650 239(i) 879 101 980(ii) (i) 139 full time equivalent (FTE) staff (ii) 890 full time eq
Slide 36: Analysis of the Post Completion EV/EBIT Ratio
Sword Group Analysis of the Post Completion EV/EBIT Ratio (i) €M Simalaya 1.2 NewCo CRM 4.2 Cash 59.0 Market cap: 9.3 x 12 (ii) 111.6 Enterprise Value 47.2 Total 111.6 Assets hold for sale (Amor) 18.4 Liabilities hold for sale (Amor) 18.4 (i) Disposal of Ciboodle (ii) Hypothesis: Share Price = €12 E
Slide 37: Sword Group - H1-2012 Presentation - 12-09-2012 Page 37
Page 37 Sword Group - H1-2012 Presentation - 12-09-2012
Slide 38: H1-2012 Accounts
H1-2012 Accounts Current Year €K 30/06/2012 Revenue 66 974 Cost of Sales -37 787 GROSS PROFIT 29 187 Other Operating Expenses -19 097 Depreciation -890 CURRENT OPERATING PROFIT 9 199 Others gains or losses -48 OPERATING PROFIT 9 151 Financial cost -729 PROFIT BEFORE TAX 8 422 Income tax expense -2 9
Slide 39: H1-2012 Accounts
H1-2012 Accounts Current Year €K 30/06/2012 Cash and cash equivalents 88 149 Trade and others receivables 38 435 CURRENT ASSETS 126 585 Current assets held for sale 80 124 Other Current Assets 9 384 TOTAL CURRENT ASSETS 216 093 Goodwill 62 415 Intangible assets 2 778 Property, plant and equipment 3
Slide 40: H1-2012 Accounts
H1-2012 Accounts K€ 30/06/2012 30/06/2011 Chiffre d'affaires 66 974 90 275 Achats consommés -1 628 -2 661 Autres achats et charges externes -22 723 -27 497 Impôts et taxes -817 -1 184 Salaires et Charges sociales -32 759 -45 022 Dotations nettes aux amortissements et provisions -890 -1 264 Autres pr
Slide 41: H1-2012 Accounts
H1-2012 Accounts 30/06/2012 31/12/2011 K€ Net Net ACTIFS NON COURANTS Goodwill 62 415 90 377 Autres immobilisations incorporelles 2 778 6 518 Immobilisations corporelles 3 213 2 897 Actifs financiers non courants 774 777 Titres disponibles à la vente 3 321 4 899 Autres actifs non courants 2 545 932
Slide 42: H1-2012 Accounts
H1-2012 Accounts K€ 30/06/2012 31/12/2011 FONDS PROPRES CONSOLIDES Capital 9 290 9 290 Prime d'émission 91 727 100 909 Réserves - part du groupe 27 258 19 345 Résultat net - part du groupe 5 376 1 313 CAPITAUX PROPRES PART DU GROUPE 133 651 130 857 Intérêts minoritaires 799 -565 TOTAL FONDS PROPRES
Slide 43: Sword Group - H1-2012 Presentation - 12-09-2012 Page 43
Page 43 Sword Group - H1-2012 Presentation - 12-09-2012
Slide 44: Agenda
Sword Group Agenda PUBLICATION: MEETINGS AND EVENTS: Year 2012-2013 Year 2012-2013 23/10/2012: 2012 Third Quarter Revenue 07/03/2013: SFAF meeting in Paris (2012 Annual Accounts) 23/01/2013: 2012 Fourth Quarter Revenue 25/04/2013: 2012 Annual Shareholders meeting 06/03/2013: 2012 Annual Accounts The
Slide 45: Transfer of registered office to Luxembourg / withholding tax on dividends
Sword Group Transfert du siège à Luxembourg / retenue à la source sur les dividendes Actionnaire personne physique résident fiscal français si les titres ne sont pas placés sur un PEA : l’actionnaire pourra bénéficier d’un crédit d’impôt en France, égal au montant de la retenue à la source => la