Atos SE · EURONEXT:ATO
Atos — Q1 2013 Earnings Presentation
31 slides from Atos's earnings presentation, Apr 25, 2013
Slide 1: First quarter 2013
First quarter 2013 Thursday April 25th, 2013
Slide 2: Disclaimers
First quarter Disclaimers 2013 25 April 2013 ▶ This document contains further forward-looking statements that involve risks and uncertainties concerning the Group's expected growth and profitability in the future. Actual events or results may differ from those described in this document due to a num
Slide 3: Agenda
First quarter Agenda 2013 25 April 2013 1. Q1 2013 Highlights 2. Q1 2013 Commercial performance 3. Q1 2013 Financial performance 4. Update on Atos payment and merchant transactional activities 5. 2013 objectives 6. Q&A session 3
Slide 4: Q1 2013 Highlights
First quarter 2013 25 April 2013 Gilles Grapinet, Senior Executive Vice President, Global Functions Q1 2013 Highlights 4
Slide 5: Q1 2013 Highlights
First quarter Q1 2013 Highlights 2013 25 April 2013 2,117 -1.2% 94% Revenue organic Revenue (EUR m) Book to bill ratio evolution 258 15.2 Net cash (EUR m) 76,261 Backlog (EUR bn) (1.7 years of revenue) 30 Free cash flow (EUR m) Total Group number of employees 5
Slide 6: Q1 2013 Commercial performance
First quarter 2013 25 April 2013 Gilles Grapinet, Senior Executive Vice President, Global Functions Q1 2013 Commercial performance 6
Slide 7: Q1 2013 Main wins
First quarter Q1 2013 Main wins 2013 25 April 2013 ▶ Well balanced signings through Markets and Service Lines Client Business Unit Market Service Line Offering Veolia France E&U MS Managed Infrastructure Solution Askabat CEE PHT SI Application Technology Services Ministry of Defence UK & IR PHT SI a
Slide 8: Q1 2013 Main renewals
First quarter Q1 2013 Main renewals 2013 25 April 2013 ▶ Well balanced signings through Markets and Service Lines Client Business Unit Market Service Line Offering Managed Infrastructure Solution / Large telco mobile operator Germany TMT MS/SI/HTTS Application Management Major bank Germany FS MS Man
Slide 9: Q1 2013 Bookings
First quarter Q1 2013 Bookings 2013 25 April 2013 ▶ Total order entry in Q1 2013 at EUR 1,987 million ▶ Book to bill ratio by activity: Q1 2013 Q1 2012* Cyclical activities 114% 102% Recurring businesses 85% 109% Total Group 94% 107% ▶ Book to bill ratio by market: Q1 2013 Q1 2012* Manufacturing, Re
Slide 10: Q1 2013 backlog evolution
First quarter Q1 2013 backlog evolution 2013 (in EUR billion) 25 April 2013 ▶ Backlog almost stable at constant exchange rates ▶ Strong visibility thanks to recurring business EUR 15.6 B EUR 15.2 B C & TS C & TS 0.3 2.1 2.0 0.6 year HTTS & SB HTTS & SB 1.7 years Systems Systems Integration Integrati
Slide 11: Pipeline evolution
First quarter Pipeline evolution 2013 (in EUR million) 25 April 2013 ▶ Full qualified pipeline stable above EUR 5 billion ▶ High share of large deals (29% > EUR 50 million) Qualified Pipeline value 6,000 EUR 5.3 B EUR 5.4 B 5,500 EUR 5.3 B EUR 5.3 B EUR 5.1 B EUR 5.1 B 5,000 14% 16% 16% 4,500 15% 22
Slide 12: Q1 2013 Financial performance
First quarter 2013 25 April 2013 Michel-Alain Proch, Executive Vice President and Group CFO Q1 2013 Financial performance 12
Slide 13: Constant scope and exchange rates reconciliation
First quarter Constant scope and exchange 2013 rates reconciliation 25 April 2013 In EUR million Q1 2013 Q1 2012 % growth Statutory revenue 2,117 2,163 -2.1% Scope impact -1 Exchange rates impact -18 Revenue at constant scope and exchange 2,117 2,144 -1.2% rates 13
Slide 14: Q1 2013 revenue performance by Service Line
First quarter Q1 2013 revenue performance by 2013 Service Line 25 April 2013 Systems ▶ 77 percent of Atos revenue based Integration HTTS & on multi-year contracts 23% Specialized Businesses 23% ▶ Growth in the 2 recurring Service Lines Consulting Managed & Services Technology ▶ Cyclical activities d
Slide 15: Q1 2013 revenue performance by Business Units
First quarter Q1 2013 revenue performance by 2013 Business Units 25 April 2013 ▶ Growth driven by North America, UK, and Atos Worldline ▶ Ramp-up of some large contracts won in 2012 In EUR million Q1 2013 Q1 2012* % growth United-Kingdom & Ireland 411 383 +7.3% Germany 396 418 -5.3% Benelux 240 248
Slide 16: Q1 2013 Group headcount evolution
First quarter Q1 2013 Group headcount evolution 2013 25 April 2013 1,816 2,758 1,083 15 76,417 76,261 Headcount a s Scope e ffect Hiring Leave rs Re structuring & Headcount a s of 31/12/12 dismissa ls of 31/03/13 16
Slide 17: Subcontractors evolution by quarter
First quarter Subcontractors evolution by quarter 2013 25 April 2013 ▶ Number of subcontractors continuously decreasing 8,484 8,092 8,077 7,641 7,628 7,170 6,866 2,813 2,819 Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 17
Slide 18: Indirect staff evolution
First quarter Indirect staff evolution 2013 25 April 2013 ▶ A continuous reduction of indirect staff (in absolute value and in % of total staff) 9,5 00 14. 0% 12% 9,0 00 11% 10% 12. 0% 8,552 10% 8,5 00 9% 9% 8% 10. 0% 8,160 8% 8,0 00 8.0 % 7,741 7,5 00 6.0 % 7,133 7,0 00 4.0 % 6,752 6,620 6,5 00 6,4
Slide 19: Q1 2013 cash flow and net cash position
First quarter Q1 2013 cash flow and net cash 2013 position (in EUR million) 25 April 2013 -4 30 258 232 Net cash Q1 2013 free cash Translation Net cash 31/12/12 flow differences effect 31/03/13 19
Slide 20: Update on Atos payment and merchant transactional activities
First quarter 2013 25 April 2013 Gilles Grapinet, Senior Executive Vice President, Global Functions Update on Atos payment and merchant transactional activities 20
Slide 21: Carve-out project is up and running to be live by mid-year
First quarter Carve-out project is up and 2013 running to be live by mid-year 25 April 2013 Organization & Global organization defined, Governance communication made Business Scope completed, communication operations to customers in preparation Under finalization, ready for final Branding decision a
Slide 22: Update on the scoping of Atos payment and merchant transactional activities
Update on the scoping of Atos payment First quarter 2013 and merchant transactional activities 25 April 2013 HTTS AND Specialized Businesses Atos Worldline Atos Germany, Benelux, Worldline Atos CNS BPO Financial Worldgrid France, India and Market Asia UK UK excl. Columbia Latin America excl. Key: At
Slide 23: Central to our carved-out activities are Connected Consumers
First quarter Central to our carved-out activities 2013 are Connected Consumers 25 April 2013 23
Slide 24: Reinventing physical stores for our retail clients
First quarter In particular, reinventing physical 2013 stores for our retail clients 25 April 2013 24
Slide 25: Mobile is the pivot for new purchase experience
First quarter Mobile is the pivot for new purchase 2013 experience 25 April 2013 ▶ Merging merchant and customer’s experience Atos NFC Mobile Wallet: Atos Cloud Payment: Your mobile is your wallet No need to queue up for ordering Atos Mobile Acceptance: Payment card Convergence online / in-store acc
Slide 26: Zoom on mPOS acceptance for micro-merchants
First quarter Zoom on mPOS acceptance for 2013 micro-merchants 25 April 2013 1- Type in amount 2- send receipt 3- consult history Launched in Q4 2012 and already hundreds PED Smartphone Acquirer of merchants live 3G in Benelux and in WiFi India 26
Slide 27: 2013 Objectives
First quarter 2013 25 April 2013 Gilles Grapinet, Senior Executive Vice President, Global Functions 2013 Objectives 27
Slide 28: 2013 Objectives
First quarter 2013 Objectives 2013 25 April 2013 2013 The Group confirms all its objectives for 2013 as stated in the February 21st, 2013 release, i.e.: ▶Revenue – The Group expects to continue to slightly grow compared to 2012. ▶Operating margin – The Group has the objective to improve its operatin
Slide 29: Q&A session
First quarter 2013 25 April 2013 Management team Q&A session 29
Slide 30: From Questions to Answers
First quarter 2013 25 April 2013 From Questions to Answers 30
Slide 31: Thank you
Thank you Atos, the Atos logo, Atos Consulting, Atos Worldline, Atos Sphere, Atos Cloud and Atos WorldGrid are registered trademarks of Atos SE. June 2011 © 2011 Atos. Confidential information owned by Atos, to be used by the recipient only. This document, or any part of it, may not be reproduced, c