Thales Sa · EURONEXT:HO
Thales Sa — Gemalto — FY2014 Earnings Presentation
17 slides from Thales Sa's earnings presentation, Mar 5, 2015
Slide 1: Full year 2014 results
Listen-only live audio webcast available from www.gemalto.com/investors Full year 2014 results March 5, 2015 Olivier Piou, CEO Jacques Tierny, CFO
Slide 2: Disclaimer
Disclaimer This communication does not constitute an offer to purchase or exchange or the solicitation of an offer to sell or exchange any securities of Gemalto. This communication contains certain statements that are neither reported financial results nor other historical information and other stat
Slide 3: Basis of preparation
Basis of preparation For a better understanding of the current and future evolution of its business, the Company prepares an adjusted income statement where the key metric used to evaluate the business and take operating decisions is the profit from operations. This adjusted income statement is prov
Slide 4: Overview
Olivier PIOU - CEO Overview 4 Gemalto Full year 2014 results 5 March 2015
Slide 5: Full year 2014 Highlights
Full year 2014 Highlights Full year revenue of €2.5 billion, up +5% Profit from operations up +10%, at €383 million Platforms & Services revenue passed the €500 million mark Strong demand in the United States, revenue up +32% Upgraded 2017 PFO objective to over €660 million Extracts from t
Slide 6: Key figures from FY 2014 financial results
Key figures from FY 2014 financial results Revenue +5% €2,465m at historical rates +3% Gross profit +2% €952m 38.6% Gross margin (70bp) Operating expenses (3%) (€569m) (23.1%) OpEx ratio +160bp Profit from operations +10% €383m 15.5% PFO margin +90bp Proposed dividend +11% €0.42 €3.64 EPS (100bp) Ex
Slide 7: Financial results
Jacques TIERNY - CFO Financial results 7 Gemalto Full year 2014 results 5 March 2015
Slide 8: Adjusted income statement and IFRS
Adjusted income statement and IFRS Adjusted income statement Restructuring Reconciling and items Amortization Equity acquisitions Ongoing (assets held All of intangible based related € in millions operations for sale) operations assets compensation expenses IFRS FY 2014 Revenue 2,465 0 2,465 2,465 P
Slide 9: Mobile – key financial information
Mobile – key financial information Revenue € 1,290m Revenue from Embedded software & Products was stable and Platform & Services +2% (2013: € 1290m) grew by +7% on top of the +21% revenue growth recorded for the full year of 2013. The high-end products range growth was offset by lower sales of m
Slide 10: Payment & Identity – key financial information
Payment & Identity – key financial information Revenue € 1,158m Sales were up by +8% in Embedded software & Products and by +14% +9% in Platforms & Services. (2013: € 1076m) Commercial momentum for EMV continues to be strong around the world with all regions contributing to the +16% revenue expa
Slide 11: Changes in full year contributions to PFO
Changes in full year contributions to PFO €383m €348m Mobile Payment & Patents & Non-recurring & Full year Identity Others Forex Full year 2013 2014 Chart not at exact scale 11 Gemalto Full year 2014 results 5 March 2015
Slide 12: Key items of the cash flow statement
Key items of the cash flow statement Full Year Full Year € in millions 2014 2013 Cash generated by operating activities before changes in 394 332 working capital Cash used by working capital increase (81) (76) Cash used in restructuring actions (20) (2) Cash generated by operating activities 294 255
Slide 13: Moving forward
Olivier PIOU - CEO Moving forward 13 Gemalto Full year 2014 results 5 March 2015
Slide 14: Gemalto's improved profile with SafeNet
Gemalto’s improved profile with SafeNet Payment & Identity becomes our Platforms & Services largest business segment approach 30% of our sales 1600 € in million 1400 €773m 1200 SafeNet Enterprise M2M Platforms 1000 & Services Government Mobile P&S 800 600 Embedded software & Products 400 Payment Mob
Slide 15: Trends in 2015
Trends in 2015 1) Deployment of EMV continues in US and China beyond tier 1 issuers 2) Strong market demand for data protection and cybersecurity solutions stimulated by the threats of security breaches. 3) Solid backlog in eGovernment business 4) Expansion in the Internet of Things, including conne
Slide 16: Outlook for 2015
Outlook for 2015 For For 2015, 2015, Gemalto Gemalto anticipates anticipates aa steady steady expansion expansion inin annual annual profit profit from from operations towards its upgraded operations towards its2017 objective upgraded 2017 objective of over €660 of over €660 million million 16 Gemal
Slide 17: Gemalto
Gemalto Enabling trust in the digital world World Leader in Digital Security Markets in Strong Development Unique Technology Portfolio Blue Chip Customers Large Free Float and Robust Financials A Business Model with Strong Leverage on Growth