Slide 1: Dassault Systèmes Presentation
3DS.COM September 2013 3DS.COM © Dassault Systèmes || September Presentation 2013 Presentation 1 Thibault de Tersant, Senior EVP, CFO Presentation Dassault Systèmes
Slide 2: Agenda
Agenda 1 Strategy 3DS.COM © Dassault Systèmes | September 2013 Presentation 2 Multi-Year Growth Plan 3 Q2 13 Financial Review – Q3 & FY13 Financial Objectives 4 Apriso Acquisition 4
Slide 3: Dassault Systèmes at a Glance
Dassault Systèmes at a Glance At the heart of product innovation in 12 industries Targeting ~$32bn market 3DS.COM © Dassault Systèmes | September 2013 Presentation ~170,000 customers, with +20,000 in 2012 Dynamic eco-system (software, sales, research, education) Serving ~140 countries 2002-12 averag
Slide 4: Opening a New Horizon with 3DEXPERIENCE
Opening a New Horizon with 3DEXPERIENCE $32 bn $16 bn $8 bn 3DS.COM © Dassault Systèmes | September 2013 Presentation $4 bn 3D PLM 3D DMU Product Lifecycle 3D Management Design Digital Mock-up V3 V4 V5 V6 6
Slide 5: Our 3DEXPERIENCE Platform
Our 3DEXPERIENCE Platform 3DS.COM © Dassault Systèmes | September 2013 Presentation Based on V6 Architecture Powering our Brands 7
Slide 6: Let’s navigate the platform together!
3DS.COM © Dassault Systèmes | September 2013 Presentation 8 Let’s navigate the platform together!
Slide 7: Industry Solution Experiences Life sciences example
Industry Solution Experiences Life sciences example Manage Sell 3DS.COM © Dassault Systèmes | September 2013 Presentation Make Dream Test Natural Desig Resources n 9
Slide 8: Licensed to Cure for Medical Device
Licensed to Cure for Medical Device SMITH & NEPHEW A global medical technology business with leadership positions in Orthopaedic Reconstruction, Advanced Wound Management, Sports Medicine and Trauma Business Values Solution • Common regulatory submission system for the • 3DEXPERIENCE planning, track
Slide 9: Agenda
Agenda 1 Strategy 3DS.COM © Dassault Systèmes | September 2013 Presentation 2 Multi-Year Growth Plan 3 Q2 13 Financial Review – Q3 & FY13 Financial Objectives 4 Apriso Acquisition 11
Slide 10: Revenue Growth 2002-2012 non-IFRS
Revenue Growth 2002-2012 non-IFRS 2,500.0 CAGR 02-12 3DS.COM © Dassault Systèmes | September 2013 Presentation 2,000.0 Software Revenue 14% 1,500.0 CATIA 11% In $ ENOVIA 19% 1,000.0 Other PLM 23% SolidWorks 14% 500.0 0.0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 12
Slide 11: Opening a New Horizon with 3DEXPERIENCE
Opening a New Horizon with 3DEXPERIENCE $32 bn $16 bn $8 bn 3DS.COM © Dassault Systèmes | September 2013 Presentation $4 bn 3D PLM 3D DMU Product Lifecycle 3D Management Design Digital Mock-up V3 V4 V5 V6 13
Slide 12: Growth Strategy
Growth Strategy Thanks to Double potential addressable market from 3DS.COM © Dassault Systèmes | September 2013 Presentation $16B to $32B Continue to gain market share 14
Slide 13: Growth Strategy: Social & Collaborative apps
Growth Strategy: Social & Collaborative apps Connect the dots within and outside the company 3DS.COM © Dassault Systèmes | September 2013 Presentation Expand to new collaborative professional users with structured applications 5-10 X design users 15
Slide 14: QOROS Adopts 3DEXPERIENCE Platform
QOROS Adopts 3DEXPERIENCE Platform QOROS A joint venture between Chery Automobile and Israel Corp. Qoros is developing western-standard vehicles for the global market Business Values Solution • Save time-to-market through global and efficient • 3DEXPERIENCE Platform concurrent design & collaboration
Slide 15: Growth Strategy: 3D Modeling apps
Growth Strategy: 3D Modeling apps Deliver with 3D a complete workflow from imagination to 3DEXPERIENCE 3DS.COM © Dassault Systèmes | September 2013 Presentation Expand 3D modeling users 37% of 3D potential market (5.5 m engineers) are 3D users 52%* end of 2019 Expand with specialized applications
Slide 16: Metso Pulp, Paper & Power Adopts 3DEXPERIENCE Platform
Metso Pulp, Paper & Power Adopts 3DEXPERIENCE Platform METSO PULP, Paper & Power World leader in pulp, paper, board and tissue making: 2012 Sales: €3.0B / 12,500 employees in 26 countries / Headquartered in Finland Business Values Solution • Design anywhere – build anywhere: global • 3DEXPERIENCE Pl
Slide 17: Growth Strategy: Simulation apps
Growth Strategy: Simulation apps Improve real world understanding as we experience it 3DS.COM © Dassault Systèmes | September 2013 Presentation Serve manufacturing engineers in all industries Expand to shop floor workers & quality engineers 10 x the number of manufacturing engineers Expand simulatio
Slide 18: Mazda Adopts SIMULIA
Mazda Adopts SIMULIA MAZDA Leading automotive compagny headquarted in Japan Business Values Solution • Balance performance and weight in a steel car • SIMULIA Apps body • Increase quality with optimized design: parts with low contribution to performance made thinner; those with strong contribution b
Slide 19: Growth Strategy: Information Intelligence apps
Growth Strategy: Information Intelligence apps Reveal Information Intelligence 3DS.COM © Dassault Systèmes | September 2013 Presentation Expand with Data as a Service Extract information intelligence from big data E-business, bio intelligence … Expand with analytics and search-based applications Ext
Slide 20: NOKIA Adopts 3DEXPERIENCE Platform
NOKIA Adopts 3DEXPERIENCE Platform NOKIA Leading High Tech Company headquartered in Finland Business Values Solution • Improve collaboration, internally and externally • 3DEXPERIENCE Platform • Protect intellectual property • CATIA, DELMIA, ENOVIA Apps • EXALEAD for Information Intelligence 22
Slide 21: On-track to Achieve 2009-2014 Plan
On-track to Achieve 2009-2014 Plan €m € 3000 Revenue 2,300-2,500 4.50 EPS 3.70-4.00 X2 4.00 +9% 2500 +11% 3.50 +5% 3DS.COM © Dassault Systèmes | September 2013 Presentation 2000 3.00 +6% 2.50 1500 1,253 2.00 1.86 1000 1.50 1.00 500 0.50 0 0.00 2009 2012 2014P 2009 2012 2014P On-track to achieve 2009
Slide 22: Agenda
Agenda 1 Strategy 3DS.COM © Dassault Systèmes | September 2013 Presentation 2 Multi-Year Growth Plan 3 Q2 13 Financial Review – Q3 & FY13 Financial Objectives 4 Apriso Acquisition 24
Slide 23: Q2 2013 Highlights
Q2 2013 Highlights New licenses revenue returning to growth in Q2 Further strengthening positions in Asia 3DS.COM © Dassault Systèmes | September 2013 Presentation Confirming strong dynamic of DELMIA and entering into Manufacturing Operations Management with Apriso acquisition Deploying V6 and intro
Slide 24: Q2 & H1-13 Performance Non-IFRS
Q2 & H1-13 Performance Non-IFRS* € millions Q2 13 YTD 13 Revenue 522 1,011 Growth +4% +5% 3DS.COM © Dassault Systèmes | September 2013 Presentation New licenses revenue returning to Growth exFX +6% +7% growth in Q2 +4% +1% New Licenses Growth exFX Operating Margin 30.0% 29.5% Strong EPS growth drive
Slide 25: Change in Net Financial Position
Change in Net Financial Position +40 +8 +46 +82 -9 -25 -32 -23 3DS.COM © Dassault Systèmes | September 2013 Presentation 1,578 1,491 Operating cash flow: +€168million(compared to €188million in Q2 2012) Excellent cash conversion rate Continued improvement in accounts receivables management but a
Slide 26: Upgrading FY13 Objectives: non-IFRS objectives change: from April to July
Upgrading FY13 Objectives: non-IFRS objectives change: from April to July Revenue (€m) EPS (€) 2,150 3.75 +20 +0.02 +0.02 +20 +5 +0.02 +0.03 3DS.COM © Dassault Systèmes | September 2013 Presentation 2,100 -10 -5 2,115 - 2,130 3.50 3.57 - 3.67 3.55 - 3.65 2,050 2,095 - 2,110 3.25 2,070 - 2,100 3.45 -
Slide 27: Proposed Objectives Non-IFRS
Proposed Objectives Non-IFRS € millions 3Q 2013 FY 2013 Revenue +~520 2,115-2,130 3DS.COM © Dassault Systèmes | September 2013 Presentation Growth +~3% +~4% Growth exFX +8-9% +7-8% Operating Margin ~31% ~31-32% EPS (€) ~0.92 3.57-3.67 EPS Growth +~3% +6-9% €/$ rates 1.35 1.33 €/¥ rates (before hedgi
Slide 28: Agenda
Agenda 1 Strategy 3DS.COM © Dassault Systèmes | September 2013 Presentation 2 Multi-Year Growth Plan 3 Q2 13 Financial Review – Q3 & FY13 Financial Objectives 4 Apriso Acquisition 30
Slide 29: Extending to Manufacturing Operations Management (MOM)
Extending to Manufacturing Operations Management (MOM) BUSINESS PLATFORM Expanding Addressable Market by ~$1bn 3DS.COM © Dassault Systèmes | September 2013 Presentation CONTENT & SIMULATION APPLICATIONS Where virtual worlds meet reality 31
Slide 30: Becoming a Major Player in MOM with:
Becoming a Major Player in MOM with: Manufacturing Operations Management software FY12 revenue: ~ US$ 50million World-class Customer Base across Multiple Industries Revenue breakdown: 65% Software, 35% Services 3DS.COM © Dassault Systèmes | September 2013 Presentation 2008-2012 average revenue growt
Slide 31: Apriso Acquisition Closing
Apriso Acquisition Closing Closed on July 1st, 2013 3DS.COM © Dassault Systèmes | September 2013 Presentation Price: enterprise value of US$ 205 million, plus net cash acquired Impact on non-IFRS FY13 objectives ~ +€20 million revenue Estimated positive impact on EPS of ~2 cents 33
Slide 32: 3DS.COM © Dassault Systèmes | September 2013 Presentation
3DS.COM © Dassault Systèmes | September 2013 Presentation 62