29 slides from Cgi Inc. Class A's earnings presentation, Nov 6, 2024
Slide 1: Fourth Quarter Fiscal 2024
Fourth Quarter Fiscal 2024 Financial results and highlights For the three and twelve months ended September 30, 2024 and 2023 November 6, 2024
Slide 2: Forward-Looking Information and Statements
Forward-Looking Information and Statements Our presentations contain “forward-looking information” within the governance (ESG) initiatives and standards, and to achieve ESG All amounts are in Canadian dollars unless otherwise indicated. meaning of Canadian securities laws and “forward-looking statem
Slide 3: François Boulanger and Steve Perron
François Boulanger Steve Perron President and Executive Vice-President and Chief Executive Officer Chief Financial Officer 3 © 2024 CGI Inc. 3
Slide 4: Financial highlights: Q4 F2024
Financial highlights: Q4 F2024 Q4 F2024 vs. Q4 F2023 Revenue $3.66B 4.4% Constant currency revenue growth1 2.0% Earnings before income taxes $592M 6.2% Earnings before income taxes margin2 16.2% 30 bps Adjusted EBIT1 $600M 4.7% Adjusted EBIT margin1 16.4% 10 bps Net earnings $436M 5.2%
Slide 5: CEO Remarks
CEO Remarks “I am pleased with CGI’s fourth quarter results as our team delivered increasing revenue growth, sustained earnings expansion, and strong cash from operations,” said François Boulanger, President and Chief Executive Officer. “Looking ahead to fiscal year 2025, we continue to see opportun
Slide 6: CGI's Talent Profile: 90,250 consultants and professionals
CGI’s Talent Profile: 90,250 consultants and professionals CGI’s balanced global delivery model 61% 39% of CGI consultants are of CGI consultants are in in client proximity CGI’s Global Delivery Centers (23% are located offshore) Aligned through a culture of ownership: 87% are shareholders through o
Slide 7: Revenue mix: Q4 F2024
Revenue mix: Q4 F2024 (in millions of dollars and % of revenue) Service type Client geography Vertical market H E G D F A A B E A C D B C B A. Managed IT and business A. U.S., 32% A. Government, 38% process services, 56% B. Canada, 15% B. Financial Services, 22% C. France, 15% B. Business and strate
Slide 8: Financial highlights: Q4 F2024 (in millions of dollars and % of revenue)
Financial highlights: Q4 F2024 (in millions of dollars and % of revenue) Earnings before income taxes and margin1 Net earnings and margin1 Diluted EPS $592 $1.91 $558 +6.2% +5.2% $436 +8.5% $414 $1.76 15.9% 16.2% 11.8% 11.9% Q4 F2023 Q4 F2024 Q4 F2023 Q4 F2024 Q4 F2023 Q4 F2024 Net earnings and marg
Slide 9: Other Financial Metrics
Other Financial Metrics Cash from operating activities Capital structure ratios Q4 F2024 Return on Invested Capital2 $629M 16.0% 17.2% of revenue1 Stable versus 16.0% in prior year period Prior year period $629M Last-12-months Net Debt to Capitalization2 $2.2B 16.2% versus 20.4% in prior year peri
Slide 10: Book-to-bill ratio of 109% for the last twelve months
Book-to-bill ratio of 109% for the last twelve months Q4 F2024 bookings1 Q4 F2024 Book-to-bill ratio1 Last-12-months Book-to-bill ratio1 $3.8B 104.4% 109.3% Q4 F2024 Bookings by contract type Q4 F2024 Bookings by service type Business and strategic IT consulting and systems 33% New business integrat
Slide 11: Segmented Results
Segmented Results Q4 F2024 Q4 F2023 Revenue Adjusted EBIT1 Revenue Adjusted EBIT1 In millions of CAD $ $ % $ $ % Western and Southern Europe 620.8 65.1 10.5% 606.5 78.1 12.9% U.S. Commercial and State Government 578.3 93.1 16.1% 567.3 94.6 16.7% Canada 512.3 110.9 21.6% 509.4 127.4 25.0% U.S. Federa
Slide 12: Financial highlights: F2024
Financial highlights: F2024 F2024 vs. F2023 Revenue $14.7B 2.7% Constant currency revenue growth1 0.9% Earnings before income taxes $2.29B 4.2% Earnings before income taxes margin2 15.6% 20 bps Adjusted EBIT1 $2.42B 4.5% Adjusted EBIT margin1 16.5% 30 bps Net earnings $1.69B 3.8% Net e
Slide 13: Segmented Results
Segmented Results F2024 F2023 Revenue Adjusted EBIT1 Revenue Adjusted EBIT1 In millions of CAD $ $ % $ $ % Western and Southern Europe 2,600.2 334.2 12.9% 2,605.9 355.6 13.6% U.S. Commercial and State Government 2,327.3 337.3 14.5% 2,278.0 339.4 14.9% Canada 2,035.0 463.2 22.8% 2,064.7 477.5 23.1% U
Slide 14: Quarterly Trends
Quarterly Trends © 2024 CGI Inc. 14
Slide 15: Revenue Trend (Quarterly)
Revenue Trend (Quarterly) Revenue of $3,660 million, year-over-year growth of 4.4% or 2.0%* on a constant currency basis In millions Revenue Growth Constant currency growth* $4,000 15.0% $3,500 10.0% 4.4% $3,000 5.0% $2,500 2.0% 0.0% $2,000 -5.0% $1,500 -10.0% Q4 F2021 Q1 F2022 Q2 F2022 Q3 F2022 Q4
Slide 16: Earnings Before Income Taxes and Margin Trend (Quarterly)
Earnings Before Income Taxes and Margin* Trend (Quarterly) Earnings before incomes taxes of $592 million; margin of 16.2%, up 30 basis from Q4 F2023 In millions Earnings before income taxes Earnings before income taxes margin* $600 18.0% $550 17.0% 16.2% $500 16.0% $450 15.0% $400 14.0% $350 13.0% $
Slide 17: Adjusted EBIT and Margin Trend (Quarterly)
Adjusted EBIT* and Margin* Trend (Quarterly) Adjusted EBIT of $600 million; margin of 16.4%, up 10 basis from Q4 F2023 In millions Adjusted EBIT* Adjusted EBIT margin* $700 17.0% 16.4% $650 16.5% $600 16.0% $550 15.5% $500 15.0% $450 14.5% $400 14.0% Q4 F2021 Q1 F2022 Q2 F2022 Q3 F2022 Q4 F2022 Q1 F
Slide 18: Net Earnings Margin and Diluted EPS Trend (Quarterly)
Net Earnings Margin* and Diluted EPS Trend (Quarterly) Net earnings of $436 million – diluted EPS of $1.91, up 8.5% from Q4 F2023 Diluted EPS Net earnings margin* $2.00 12.5% $1.90 12.0% $1.80 11.9% 11.5% $1.70 11.0% $1.60 10.5% $1.50 10.0% $1.40 9.5% $1.30 $1.20 9.0% $1.10 8.5% $1.00 8.0% Q4 F2021
Slide 19: Net Earnings Margin and Diluted EPS Trend (Quarterly), Excluding Specific Items
Net Earnings Margin* and Diluted EPS* Trend (Quarterly) Excluding specific items* Net earnings excluding specific items of $439 million – diluted EPS of $1.92 excluding specific items, up 7.3% from Q4 F2023 Diluted EPS excl. specific items* Net earnings margin - excl. specific items* $2.00 13.0% $1.
Slide 20: Long-Term Debt and Lease Liabilities Trend (Quarterly)
Long-Term Debt and Lease Liabilities* Trend (Quarterly) Long-term debt and lease liabilities at $3.31 billion, down $0.43 billion from Q4 F2023 In millions Long-term debt and lease liabilities* $4,500 $4,000 $3,500 $3,000 $2,500 $2,000 Q4 F2021 Q1 F2022 Q2 F2022 Q3 F2022 Q4 F2022 Q1 F2023 Q2 F2023 Q
Slide 21: Net Debt Trend (Quarterly)
Net Debt* Trend (Quarterly) Net debt at $1.82 billion or 16.2% net debt to capitalization ratio, down 420 basis points from Q4 F2023 In millions Net debt * Net debt to capitalization ratio* $3,500.0 35% $3,000.0 30% $2,500.0 25% $2,000.0 20% 16.2% $1,500.0 15% $1,000.0 10% $500.0 5% $0.0 0% Q4 F2021
Slide 22: Annual Trends
Annual Trends © 2024 CGI Inc. 22
Slide 23: Revenue Trend (Annual)
Revenue Trend (Annual) Revenue of $14.68 billion, year-over-year growth of 2.7% or 0.9%* on a constant currency basis In millions Revenue Growth Constant currency growth* $15,000 15.0% $14,000 12.0% $13,000 9.0% $12,000 6.0% 2.7% $11,000 3.0% $10,000 0.0% 0.9% $9,000 -3.0% $8,000 -6.0% $7,000 -9.0%
Slide 24: Earnings Before Income Taxes and Margin Trend (Annual)
Earnings Before Income Taxes and Margin* Trend (Annual) Earnings before incomes taxes of $2.29 billion; margin of 15.6%, up 20 basis from F2023 In millions Earnings before income taxes margin Earnings before income taxes margin $3,500 15.8% 15.6% $3,000 15.5% $2,500 15.2% $2,000 14.9% $1,500 14.6% $
Slide 25: Adjusted EBIT Trend (Annual)
Adjusted EBIT Trend (Annual) Adjusted EBIT of $2.42 billion; margin of 16.5%, up 30 basis from F2023 In millions Adjusted EBIT* Adjusted EBIT margin * $3,500 17.0% 16.5% $3,000 16.5% $2,500 16.0% $2,000 15.5% $1,500 15.0% $1,000 14.5% $500 14.0% $0 13.5% F2017 F2018 F2019 F2020 F2021 F2022 F2023 F20
Slide 26: Net Earnings Margin and Diluted EPS Trend (Annual)
Net Earnings Margin* and Diluted EPS* Trend (Annual) Net earnings of $1.69 billion – diluted EPS of $7.31, up 6.6% from F2023 Diluted EPS Net Earnings Margin* $8.00 12.0% 11.5% $7.00 11.5% $6.00 11.0% $5.00 10.5% $4.00 10.0% $3.00 9.5% $2.00 9.0% $1.00 8.5% $0.00 8.0% F2017 F2018 F2019 F2020 F2021 F
Slide 27: Net Earnings Margin and Diluted EPS Trend (Annual), Excluding Specific Items
Net Earnings Margin* and Diluted EPS* Trend (Annual) Excluding specific items* Net earnings excluding specific items* of $1.77 billion – diluted EPS of $7.62 excluding specific items*, up 7.8% from F2023 Diluted EPS excl. specific items * Net earnings margin - excl. specific items * $9.00 12.5% 12.0
Slide 28: Cash Provided by Operating Activities Trend (Annual)
Cash Provided by Operating Activities Trend (Annual) Cash Provided by Operating Activities of $2.20 billion, representing 15.0% of revenue In millions Cash Provided by Operating Acitivities Cash Provided by Operating Activities (% of revenue) $3,500 18.0% $3,000 17.0% $2,500 16.0% 15.0% $2,000 15.0%
Slide 29: Contact our investor relations team to continue the conversation
Contact our investor relations team to continue the conversation Kevin Linder Senior Vice-President, Investor Relations kevin.linder@cgi.com +1-905-973-8363 IR@cgi.com cgi.com For more information: cgi.com/investors