Bureau Veritas Sa · EURONEXT:BVI
Bureau Veritas Sa — Q3 2014 Earnings Presentation
22 slides from Bureau Veritas Sa's earnings presentation, Oct 29, 2014
Slide 1: Q3 2014 Trading Update
Q3 2014 TRADING UPDATE October 29, 2014
Slide 2: Disclaimer
Q3 2014 TRADING UPDATE 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 descri
Slide 3: Agenda
Agenda HIGHLIGHTS BUSINESS REVIEW OUTLOOK Q&A APPENDICES October 29, 2014
Slide 4: Highlights
Q3 2014 TRADING UPDATE HIGHLIGHTS Sami Badarani Chief Financial Officer
Slide 5: Q3 2014 Revenue Highlights
KEY Q3 2014 Revenue HIGHLIGHTS (EUR millions) +11.4% +8.2% 1,065.0 +3.2% (1.6)% 969.7 Q3 2013 Organic Scope Currencies Q3 2014 9M 2014 +2.2% +6.2% (4.8)% +8.4% © Copyright Bureau Veritas / October 29, 2014 P5
Slide 6: Acquisitions in strategic regions/sectors
8 Acquisitions in strategic regions/sectors KEY HIGHLIGHTS Date Description Footprint Maxxam Jan. Canadian leader in analytical testing (petroleum, Canada environment, food and DNA) Jyutaku Apr. Building conformity assessment Japan Quiktrak Apr. Vehicle/agricultural machinery stock audits USA Andes
Slide 7: Organic revenue growth by business
KEY Organic revenue growth by business HIGHLIGHTS 9M 2014 Q3 2014 EURm Organic % Organic % Industry 713.4 +4.9% +7.6% Commodities 513.6 +0.7% +4.8% Consumer Products 412.5 +5.7% +6.3% IVS 403.9 +1.8% (1.7)% Construction 332.5 +0.8% (1.1)% Certification 234.3 (0.7)% +0.2% Marine 233.7 +8.6% +10.0% GS
Slide 8: Organic revenue growth by geography
KEY Organic revenue growth by geography HIGHLIGHTS 9M 2014 Q3 2014 % Group Organic % Organic % Europe 33% (1.2)% (1.7)% Asia Pacific 28% +7.3% +8.1% Americas 27% +4.2% +6.8% Middle East, Africa, 12% (2.5)% (1.7)% Eastern Europe Total Group 3,032.4 +2.2% +3.2% © Copyright Bureau Veritas / October 29,
Slide 9: Business Review
Q3 2014 TRADING UPDATE BUSINESS REVIEW Didier Michaud-Daniel Chief Executive Officer October 29, 2014
Slide 10: Marine
Q3 2014 TRADING UPDATE Marine BUSINESS REVIEW REVENUE EVOLUTION 9M 2014 HIGHLIGHTS (EUR m) Q3 organic growth of 10% +8.6% +1.2% 233.7 219.0 In-service (57% of revenue) (3.1)% – Fleet up 6.4% in GRT – Market share, special surveys – MatthewsDaniel acquisition New construction (43% of revenue) 9
Slide 11: Industry
Q3 2014 TRADING UPDATE Industry BUSINESS REVIEW REVENUE EVOLUTION 9M 2014 HIGHLIGHTS (EUR m) Q3 organic growth of 7.6% +4.9% +4.6% Double-digit growth in North 700.8 713.4 (7.7)% America, Asia, the Middle-East, Latin America excluding Colombia FY 12 FY 13 Slight improvement in Colombia, Kazakhs
Slide 12: In-Service Inspection & Verification
Q3 2014 TRADING UPDATE In-Service Inspection & Verification BUSINESS REVIEW REVENUE EVOLUTION 9M 2014 HIGHLIGHTS (EUR m) Q3 organic growth of (1.7)% +18.7% 403.9 338.5 +1.8% Europe still weak, (1.2)% -1 working day in France in Q3 Recovery in the US Growth in the Middle East, Latin America
Slide 13: Construction
Q3 2014 TRADING UPDATE Construction BUSINESS REVIEW REVENUE EVOLUTION 9M 2014 HIGHLIGHTS (EUR m) Q3 organic evolution of (1.1)% 322.1 +4.9% 332.5 +0.8% Decrease in France and Japan (2.5)% Strong growth in China, FY 12 the Middle East Acquisitions in Asia and Brazil 9M 2013 Organic Scope Curr
Slide 14: Certification
Q3 2014 TRADING UPDATE Certification BUSINESS REVIEW REVENUE EVOLUTION 9M 2014 HIGHLIGHTS (EUR m) Q3 organic growth of 0.2% 245.1 234.3 (0.7)% End of Kyoto Protocol Program (3.7)% Stable QHSE conventional schemes FY 12 FY 13 Growth in Supply Chain services Automotive, Aerospace, Food Secon
Slide 15: Commodities
Q3 2014 TRADING UPDATE Commodities BUSINESS REVIEW REVENUE EVOLUTION 9M 2014 HIGHLIGHTS (EUR m) Q3 organic growth of 4.8% 503.2 +0.7% +8.6% 513.6 O&P: growth in Asia/US, reduction in Eastern Europe (7.2)% M&M: Q3 pick-up due to favorable base, new contracts in Latin America Coal: drop in Aus
Slide 16: Consumer Products
Q3 2014 TRADING UPDATE Consumer Products BUSINESS REVIEW REVENUE EVOLUTION 9M 2014 HIGHLIGHTS (EUR m) Q3 organic growth of 6.3% +5.7% +4.7% 412.5 Softlines: new programs 384.4 (3.1)% Toys/E&E shift Inspection: sustained momentum Food: capacity expansion 9M 2013 Organic Scope Currencies 9M
Slide 17: Government Services & International Trade
Q3 2014 TRADING UPDATE Government Services & International Trade BUSINESS REVIEW REVENUE EVOLUTION 9M 2014 HIGHLIGHTS (EUR m) Q3 organic evolution of (11.9)% Iraq / Ebola impact 214.1 +3.5% 188.5 Unfavorable comparable basis: (9.5)% (6.0)% Angola, Ivory Coast contracts Good development in Sa
Slide 18: Outlook
Q3 2014 TRADING UPDATE OUTLOOK Didier Michaud-Daniel Chief Executive Officer October 29, 2014
Slide 19: 2014 Outlook
Q3 2014 TRADING UPDATE 2014 Outlook OUTLOOK Growth in the second half of the year will show an improvement vs. the first half. For the full year 2014, our revenue should grow at around 9% and our profitability should continue to improve, both at constant currencies, based on: Organic growth on the
Slide 20: Q&A
Q3 2014 TRADING UPDATE Q&A October 29, 2014
Slide 21: Appendix
Q3 2014 TRADING UPDATE APPENDIX October 29, 2014
Slide 22: Revenue by business
Revenue by business APPENDICES Q3 2014 9M 2014 EURm Organic Scope FX EURm Organic Scope FX Marine 83.4 10.0% 3.5% (0.3)% 233.7 8.6% 1.2% (3.1)% Industry 254.6 7.6% 3.7% (3.1)% 713.4 4.9% 4.6% (7.7)% IVS 138.4 (1.7)% 25.4% (0.1)% 403.9 1.8% 18.7% (1.2)% Construction 118.9 (1.1)% 11.4% (1.0)% 332.5 0.