Worldline Sa · EURONEXT:WLN
Worldline Sa — Q3 2016 Earnings Presentation
26 slides from Worldline Sa's earnings presentation, Oct 19, 2016
Slide 1: Worldline Q3 2016 revenue
“Worldline Q3 2016 revenue Wednesday, October 19" 2016
Slide 2: Disclaimer
Disclaimer ● This document contains further forward-looking statements that involve risks and uncertainties concerning the Group's expected growth and profitability in the future. Actual events or results may differ from those described in this document due to a number of risks and uncertainties tha
Slide 3: Highlights
‘higt blights Gilles rd qt Chief Executive Officer
Slide 4: Q3 2016 key figures
Q3 2016 key figures € 1.7bn € 294.3m 1.4 years € 40.1m +0.2% organic of revenue 4 | © Worldline
Slide 5: Q3 2016 key messages
Q3 2016 key messages Day-One readiness Q3 growth performance A stronger worldline after secured during Q3 for and cash generation fully the successful closing of the immediate execution of in line with full year acquisitions of Equens, KB integration and synergy objectives and Paysquare plans 5 | ©
Slide 6: equensWorldline: A major industrial combination creating the new pan-European leader
equensWorldline: A major industrial combination creating the new pan-European leader in financial processing 6 | © Worldline
Slide 7: Commercial Acquiring positions reinforced in fast growing markets
Commercial Acquiring positions reinforced in fast growing markets following the acquisitions of PaySquare and KB SmartPay • A true pan-European footprint • Stronger leadership of Worldline in the Netherlands with • Very interesting position in promising markets: – Germany and Poland – Czech Republic
Slide 8: Revenue third quarter 2016
‘revenue third quarter 2016 Bruno Vaffier, Chief Financial Officer
Slide 9: Constant scope and exchange rate figures reconciliation
Constant scope and exchange rate figures reconciliation Revenue Q3 2015 Exchange Q3 2016 In € million Q3 2015* statutory rates effect actuals Merchant Services & Terminals 98.6 -1.9 96.7 101.6 Financial Processing & Software Licensing 103.5 -0.4 103.1 107.6 Mobility & e-Transactional Services 103.5
Slide 10: Q3 2016 revenue per GBL
Q3 2016 revenue per GBL Revenue Q3 In € million Q3 2016 Q3 2015* Var. % Growth Merchant Services & Terminals 101.6 96.7 +4.9 +5.0% Financial Processing & Software Licensing 107.6 103.1 +4.5 +4.4% Mobility & e-Transactional Services 85.1 93.9 -8.8 -9.3% Worldline 294.3 293.7 +0.6 +0.2% * At Septembre
Slide 11: September 2016 YTD revenue per GBL
September 2016 YTD revenue per GBL Revenue 9 months Sep YTD Sep YTD In € million Var. % Growth 2016 2015* Merchant Services & Terminals 311.7 288.8 +22.9 +7.9% Financial Processing & Software Licensing 315.7 302.0 +13.7 +4.5% Mobility & e-Transactional Services 281.8 282.8 -1.0 -0.4% Worldline 909.1
Slide 12: Free Cash flow well in line with the objectives for the full year
Free Cash flow well in line with the objectives for the full year €135m to €140m €40.1m €35.9m €35.3m Q1 2016 FCF Q2 2016 FCF Q3 2016 FCF Q4 2016 expected FCF FY 2016 guidance 12 | © Worldline
Slide 13: Commercial & operational performance
commercial & operational erformance ird quarter 2016 Marc-Henri Desportes, General Manager
Slide 14: Q3 2016 signatures
Q3 2016 signatures Confirming the quality of Worldline’s product roadpmap Mobility & Merchant Services Financial Processing e-Transactional & Terminals & Software Licensing Services Key achievements Key achievements Key achievements And business update And business update And business update • Pan-E
Slide 15: Equens, Paysquare, KB Smartpay third quarter 2016
quer ens, Paysquare BSmartp pay Vitetration third quarter 2016 Marc-Henri Desportes, General Manager
Slide 16: Reminder of Equens' financial processing activities
Reminder of Equens’ financial processing activities Business description Major Clients Cards Full service portfolio: c. 50% services • Acquiring processing • Issuing processing • Bank-specific back-office processing Mass and interbank clearing (SEPA and payments c. 50% domestic mass-payments) ACH •
Slide 17: Equens Integration is started
Equens Integration is started New company equensWorldline live since October 1st, 2016 New organization is in place and operational as of Day 1 16 integration streams Very detailed roadmap • 9 business Immediate launch of execution by equensWorldline streams management with the full support of the W
Slide 18: Full confirmation of the synergy targets presented in November 2015
Full confirmation of the synergy targets presented in November 2015 Updated impact of cost and revenue synergies on 2018e OMDA • Confirmation of c. € 40 million run-rate OMDA savings from 2018, c. 50% of which as soon as in 2017 • Synergy implementation costs estimated at c. € 40 million from 2016 t
Slide 19: Synergy ambitions fully confirmed around the following core topics
Synergy ambitions fully confirmed around the following core topics Infrastructure and cust. service Other operational topics • Data center consolidation and migration • Worldline off-shoring practices • Consolidation of application landscape, in • Middle management optimization Front Office and Back
Slide 20: New Merchant Services global organization
New Merchant Services global organization Leveraging the Paysquare and KB Smartpay acquisitions • Vincent Roland, new Head of the Global Business Line hired • New Global organisation in place • Shifting further the acquiring business from local to global • Reinforced focus on productization • Paysqu
Slide 21: Conclusion
conclusion third quarter 2016 Gilles Grapinet, Chief Executive Officer
Slide 22: Worldline's FY 2016 objectives fully confirmed
Worldline’s FY 2016 objectives fully confirmed with the following Q4 2016 additional contribution from newly acquired companies: Above +3% on the standalone scope Revenue c. €80 million from acquired businesses c.+80 bp vs FY 2015 on the standalone scope OMDA % c. €10 million from acquired businesse
Slide 23: The new Worldline Group
The new Worldline Group 23 | © Worldline
Slide 24: Key take aways
Key take aways A stronger Group after the successful closing of the acquisitions of Equens, KB Smartpay and Paysquare Modification of the company profile with above 75% Group revenue in Merchant Services and Financial Processing Immediate start of the execution of the integration programs with Equen
Slide 25: Q&A session
O&A session third quarter 2016
Slide 26: Thank you
‘Thank you For more information, please contact: David Pierre-Kahn, Head of Investor Relations T+33134349066 | M+336 28514596 david pierre-kahn@worldline.com worldline @@@@@@ an atos company e-payment services