Slide 1: Half year results presentation
Half year results presentation Wednesday August 29, 2012 1 Developing sustainable logistics solutions
Slide 2: Disclaimer
2012 half year results - August 29, 2012 Disclaimer This document was prepared by ID Logistics for the sole purpose of presenting its half year results on August 29, 2012. This document may not be reproduced or distributed, in whole or in part, without the prior agreement of the Group. ID Logistics
Slide 3: Presenters: Eric Hémar, Christophe Satin, Yann Perot
2012 half year results - August 29, 2012 > Eric Hémar 49 years Founder, Chairman and CEO of ID Logistics > Christophe Satin 42 years Co-founder and Senior Vice President of ID Logistics > Yann Perot 42 years Chief Financial Officer 3 Developing sustainable logistics solutions
Slide 4: First half 2012 key figures
2012 half year results - August 29, 2012 First half 2012 key figures Strong revenue growth Underlying operating margin up €268.0m 2.4% (excluding fruit and vegetables business) +26.5% +0.40bp Strong financial structure Gearing (debt-to-equity ratio) 23% 4 Developing sustainable logistics solutions
Slide 5: Contents
CONTENTS 1. Strong first half growth 2. Closure of the fruit and vegetables business 3. Consolidated financial statements 4. Strategy and outlook 5 Developing sustainable logistics solutions
Slide 6: I. Strong first half growth
I. STRONG FIRST HALF GROWTH 6 Developing sustainable logistics solutions
Slide 7: Strong growth in revenues
2012 half year results - August 29, 2012 Strong growth in revenues Breakdown of H1 2012 France: + 22% revenues • Sustained like-for-like growth: up 13.4% • Contribution from Mory Logidis acquired in 2011 37% International: + 35% • Sharp improvement: + 35.6% 63% • Achieved entirely by like-for-like g
Slide 8: Balanced like-for-like growth
2012 half year results - August 29, 2012 Balanced like-for-like growth FRANCE INTERNATIONAL NEW COUNTRIES Favourable price/volume variance with existing customers n/a New contracts for existing customers New customers in existing retail or n/a industrial business sectors New customers in new busines
Slide 9: Examples of H1 2012 new customers
2012 half year results - August 29, 2012 Examples of H1 2012 new customers CASINO - France MARIONNAUD - France REAL (METRO group) - Poland NAVISTAR (automotive) - Brazil LEROY MERLIN - Spain 9 Developing sustainable logistics solutions
Slide 10: II. Closure of the pallet distribution and fruit and vegetables pooling services
II. CLOSURE OF THE PALLET DISTRIBUTION AND FRUIT AND VEGETABLES POOLING SERVICES 10 Developing sustainable logistics solutions
Slide 11: Closure of the pallet distribution and fruit and vegetables pooling services
2012 half year results - August 29, 2012 Closure of the pallet distribution and fruit and vegetables pooling services Loss-making and non-strategic Decision to close the business taken and announced in February 2012 Operations closed on June 11, 2012 H1 2012 financial impact • 178 people affected •
Slide 12: Transport services now in line with strategy
2012 half year results - August 29, 2012 Transport services now in line with strategy Exclusive focus on contract logistics In organized or dedicated form Rail/road business 12 Developing sustainable logistics solutions
Slide 13: III. First half consolidated financial statements
III. FIRST HALF CONSOLIDATED FINANCIAL STATEMENTS 13 Developing sustainable logistics solutions
Slide 14: Seasonal factors
2012 half year results - August 29, 2012 Seasonal factors Revenues • Limited seasonal differences • Revenue growth marginally higher in H2 than H1 Underlying operating income • H1: volumes highly volatile and lower productivity • H2: volumes more uniform and year-end negotiations In general, underly
Slide 15: Income statement
2012 half year results - August 29, 2012 Income statement H1 2012 H1 2011 (€m) Adjusted* Adjusted* France 168.6 163.6 138.1 128.1 Change vs. PY 22.1% 27.7% International 99.4 99.4 73.8 73.8 Change vs. PY 34.7% 34.7% Revenues 268.0 263.0 211.9 201.9 Change vs. PY 26.5% 30.3% France 3.5 5.4 3.2 3.4 %
Slide 16: Income statement (continued)
2012 half year results - August 29, 2012 Income statement (continued) H1 2012 H1 2011 (€m) Adjusted* Adjusted* Underlying operating income 4.5 6.4 3.8 4.0 Non-recurring expenses (6.4) - - - Operating income/(loss) (1.9) 6.4 3.8 4.0 Net financial items (1.5) (1.5) (1.3) (1.3) Tax 0.3 (2.4) (1.4) (1.5
Slide 17: Cash flow
2012 half year results - August 29, 2012 Cash flow H1 2012 H1 2011 (€m) Adjusted* Adjusted* Cash flow from operations before working 3.9 11.2 8.9 9.1 capital Change in working capital (0.4) (3.9) 1.8 1.8 Cash flow from operations 3.5 7.3 10.7 10.9 Cash outflow from capex (10.7) (10.7) (4.4) (4.4) Ex
Slide 18: Summary balance sheet
2012 half year results - August 29, 2012 Summary balance sheet 6/30/2012 12/31/2011 (€m) Non-current assets 140.1 133.5 Trade receivables 87.1 80.9 Trade payables (68.2) (63.4) Tax and social security payables (75.9) (72.7) Other net receivables and provisions 3.6 2.4 Working capital (53.4) (52.8) N
Slide 19: ID Logistics Group share price and shareholders
2012 half year results - August 29, 2012 ID Logistics Group share price and shareholders Shareholders at June 30, 2012 Floating 25.0% ID Logistics directors 75.0% Stock exchange: NYSE Euronext Paris ISIN code: FR0010929125 Ticker symbol: IDL No. of shares: 5,474,480 Capitalization: €109.7m 19 Develo
Slide 20: IV. Strategy and outlook
IV. STRATEGY AND OUTLOOK 20 Developing sustainable logistics solutions
Slide 21: A contract logistics pure player strategy
2012 half year results - August 29, 2012 A contract logistics pure player strategy Long-term contractual relations Business dependent on volumes rather than Strong resilience during the value of goods the recession An 'asset light' business model and dedicated resources for every contract 21 Develop
Slide 22: Business model driven primarily by like-for-like growth
2012 half year results - August 29, 2012 Business model driven primarily by like-for-like growth... Average like-for-like revenue growth 34% per year 462 High-tech offers 386 • Marionnaud • Real (Metro group) 300 310 Revenues (€m) 275 Culture of commercial 175 innovation 125 95 75 50 History of high
Slide 23: ... and bolstered by the capacity to make acquisitions
2012 half year results - August 29, 2012 ... and bolstered by the capacity to make acquisitions Opportunities boosted by publicity surrounding the IPO Successful integration Robust financial structure Potential acquisitions under review 23 Developing sustainable logistics solutions
Slide 24: Major presence in emerging markets
2012 half year results - August 29, 2012 Major presence in emerging markets 27% of 35% revenues of revenues Capacity to support 500 450 customers abroad 400 163.4 350 55% of contracts relate to 132.8 300 customers served in 2 or more 250 81.9 96.1 countries €m 200 150 298.6 253.4 100 217.9 213.7 Int
Slide 25: South Africa: 12th country of operations for the Group
2012 half year results - August 29, 2012 South Africa: 12th country of operations for the Group Europe 4,950 1,720,000 m² Asia 500 107,000 m² Latin America 3,750 572,000 m² Africa / Indian Ocean 250 44,000 m² 25 Developing sustainable logistics solutions
Slide 26: ID Logistics sets up in South Africa
2012 half year results - August 29, 2012 ID Logistics sets up in South Africa Large market • Country belongs to G20 • Population: 50 million • GDP: $420bn • 3.6% growth in 2011 Imminent new contract with major customer will enable first operation to be set up Strong growth prospects (retail and indu
Slide 27: 2012 Outlook
2012 half year results - August 29, 2012 2012 Outlook Double-digit revenue growth over the full year • Contribution from contracts currently in start-up phase • New bids currently in progress Improved underlying operating earnings by value • Satisfactory improvement in margins of mature contracts •
Slide 28: Reporting timetable
REPORTING TIMETABLE Q3 2012 revenues October 24, 2012 after market close 28 Developing sustainable logistics solutions
Slide 29: Appendix
APPENDIX 29 Developing sustainable logistics solutions
Slide 30: A contract logistics pure player
2012 half year results - August 29, 2012 A contract logistics pure player 30 Developing sustainable logistics solutions
Slide 31: Non-financial performance measures (ESG)
2012 half year results - August 29, 2012 Non-financial performance measures (ESG) > Carbon footprint > Environmental management CO2 kg per pallet Environmental management system comprising Logistics 1.0 67 best practices Transport 12.2 180 projects launched over the last 12 months % of Euro 5-compli