Bureau Veritas Sa · EURONEXT:BVI

Bureau Veritas Sa — Q3 2009 Earnings Presentation

21 slides from Bureau Veritas Sa's earnings presentation, Nov 4, 2009

Slide 1: Third quarter 2009 Revenue Conference call
Frank Piédelièvre Third quarter 2009 Revenue Chairman & Chief Executive Officer Conference call François Tardan Chief Financial Officer November 4, 2009 Copyright©2009 Bureau Veritas - All rights reserved.
Slide 3: Bureau Veritas at a glance
Bureau Veritas at a glance A global leader in conformity assessment YTD Q3 2009 revenue breakdown by business services in the areas of quality, health and safety, environment and social responsibility (QHSE) GSIT Marine H1 2009 revenue of €1.3bn and Consumer 6% 12% adjusted operating profit of €214.
Slide 4: Q3 2009 revenue
Q3 2009 revenue (€m) +0.7% 636.1 +0.0% 638.5 (0.3)% Total growth of 0.4% Q3 2008 Organic External Currency Q3 2009 Revenue Growth Growth Impact Revenue +0.0% overall organic growth Growth from acquisitions of 0.7% +4.8% when excluding the cyclical Negative currency impact of 0.3% businesses (Constru
Slide 5: YTD Q3 2009 revenue
YTD Q3 2009 revenue (€m) +2.4% +0.9% 1,968.0 +3.9% 1,835.0 Total growth of 7.2% YTD Q3 2008 Organic External Currency YTD Q3 2009 revenue Growth Growth Impact Revenue Organic growth of 3.9% Growth from acquisitions of 2.4% Positive currency impact of 0.9% November 4, 2009 Copyright©2009 Bureau Verit
Slide 7: Marine
Marine Q3 2009 revenue Q3 & YTD Q3 2009 revenue (€m) New ships and equipments certification services (57% of +1.6% 74.3 73.5 revenues) Drop in worldwide new orders (0.5)% Diversified order book amounting to GRT 32.6m at Sept. Total growth of 1.1% ’09 (vs. GRT 35.7m at Sept. ‘08) Delivery slippage: Y
Slide 8: Industry
Industry Q3 2009 revenue Q3 & YTD Q3 2009 revenue +2.8% (€m) +3.0% 136.4 Excluding Mining and Minerals: YTD organic growth of 131.4 11% thanks to continuous growth in oil & gas and power (2.0)% Mining & Minerals: YTD organic decrease of 14% Total growth of 3.8% Still substantially negative in Austra
Slide 9: In-Service Inspection & Verification
In-Service Inspection & Verification Q3 2009 revenue Q3 & YTD Q3 2009 revenue (€m) 75.2 +3.1% 76.7 Solid performance in all European countries except the UK in Q3 (1.1)% Scope extension of mandatory periodical inspections Pricing initiatives Total growth of 2.0% Development of new large contracts wi
Slide 10: Health, Safety and Environment
Health, Safety and Environment Q3 2009 revenue Q3 & YTD Q3 2009 revenue (€m) Significant drop of activity in the US in both environmental 61.7 55.2 and occupational health and safety +0.0% YTD revenue stable outside the US (9.6)% (0.9)% Total decrease of 10.5% Outlook Q3 2008 Organic External Curren
Slide 11: Construction
Construction Q3 2009 revenue Q3 & YTD Q3 2009 revenue (€m) Q3 organic decrease of 7.7% vs. 12.1% in Q2 111.7 103.7 +0.7% YTD Q3 2009 revenue breakdown by geography: Others (7.7)% (0.2)% 10% Japan 6% France (7.2)% YTD – deteriorating UK Spain (10.2)% YTD – stabilising Total decrease of 7.2% 4% France
Slide 12: Certification
Certification Q3 2009 revenue Q3 & YTD Q3 2009 revenue (€m) +0.5% +7.7% 64.6 Good growth from new mandatory schemes in Europe and from large contracts 60.2 (0.9)% Moderate attrition rate in line with expectations except in Japan Total growth of 7.3% North America negatively impacted by manufacturing
Slide 13: Consumer Products
Consumer Products Q3 2009 revenue Q3 & YTD Q3 2009 revenue (€m) +0.8% +3.1% 90.4 Organic growth slowdown in Q3 +5.1% 82.9 YTD positive currency impact generated by the two main billing currencies (US and HK dollars) Total growth of 9.0% Q3 2008 Organic External Currency Q3 2009 Revenue growth growth
Slide 14: Government Services & International Trade
Government Services & International Trade Q3 2009 revenue Q3 & YTD Q3 2009 revenue (€m) 39.5 37.2 Slowdown of imports (inspected FOB value) in Q3 (4.4)% Slowdown in commodities inspection (volume & price) in Q3 (1.4)% Total decrease of 5.8% Q3 2008 revenue Organic Currency Q3 2009 Revenue Growth Imp
Slide 16: Outlook
Outlook Growth slowdown and operating margin improvement in 2009 No organic growth in H2 with a risk of slight reduction of activity in Q4 Full year operating margin improvement on the back of the ongoing roll-out of cost-control and production process improvement programmes Strong cash flow generat
Slide 20: Shareholder structure
Shareholder structure Market capitalization of €4.0bn at November 3, 2009 Free float of 44% (€1.7bn) Number of shares outstanding (1): 108,994,078 High proportion of institutional investors (USA, UK, France) Double voting rights are granted since October 23, 2009 to all fully paid-up shares register
Slide 21: Disclaimer
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 described in the documents fi

Bureau Veritas — Q3 2009 Earnings Presentation on 6ix

Bureau Veritas Sa — Q3 2009 Earnings Presentation

Slide 1: Third quarter 2009 Revenue Conference call

Slide 2: Key highlights

Slide 3: Bureau Veritas at a glance

Slide 4: Q3 2009 revenue

Slide 5: YTD Q3 2009 revenue

Slide 6: Business review

Slide 7: Marine

Slide 8: Industry

Slide 9: In-Service Inspection & Verification

Slide 10: Health, Safety and Environment

Slide 11: Construction

Slide 12: Certification

Slide 13: Consumer Products

Slide 14: Government Services & International Trade

Slide 15: Outlook

Slide 16: Outlook

Slide 17: Q&A

Slide 18: November 4, 2009

Slide 19: Appendix

Slide 20: Shareholder structure

Slide 21: Disclaimer