Bureau Veritas Sa · EURONEXT:BVI
Bureau Veritas Sa — H1 2009 Earnings Presentation
18 slides from Bureau Veritas Sa's earnings presentation, Jul 28, 2009
Slide 1: 2009 Half Year Revenue
Frank Piedelièvre 2009 Half Year Revenue Chairman & CEO François Tardan Chief Financial Officer July 28, 2009
Slide 2: Key Highlights
Key Highlights 2
Slide 3: Q2 2009 Revenue
Q2 2009 Revenue +1.9% 681.3 (€m) +1.3% +2.1% 646.9 Total growth of 5.3% Q2 2008 Organic External Currency Q2 2009 Revenue Growth Growth Impact Revenue ► Organic growth of 2.1% ► Growth from acquisitions of 1.3% ► Positive currency impact of 1.9% July 28, 2009 3
Slide 4: H1 2009 Revenue
H1 2009 Revenue (€m) +1.6% 1,329.5 +3.3% +6.0% 1,198.9 Total growth of 10.9% H1 2008 Organic External Currency H1 2009 Revenue Growth Growth Impact Revenue ► Organic growth of 6.0% ► Growth from acquisitions of 3.3% ► Positive currency impact of 1.6% ► Increase in adjusted operating margin estimated
Slide 5: Business Review
Business Review 5
Slide 6: Marine
Marine +18.3% 85.2 (€m) 72.0 Q2 2009 revenue ► Organic growth of 16.3% ► Positive currency impact of 2.0% Q2 2008 Q2 2009 H1 2009 revenue ► Organic growth of 18.9% Sustained growth in new ships and equipments certification services (57% of H1 2009 revenues) (Asia and Europe) (€m) +19.4% • Quality di
Slide 7: Industry
Industry +7.6% 132.5 (€m) Q2 2009 revenue 123.1 ► Organic growth of 3.0% ► Contribution from acquisitions of 5.7% ► Negative currency impact of 1.1% Q2 2008 Q2 2009 H1 2009 revenue +21.0% 258.0 ► Organic growth of 8.9% (€m) Continuous growth in the oil & gas and power 213.3 generation segments in Eu
Slide 8: In-Service Inspection & Verification
In-Service Inspection & Verification +1.7% 82.9 (€m) 81.5 Q2 2009 revenue ► Organic growth of 2.8% ► Negative currency impact of 1.1% Q2 2008 Q2 2009 H1 2009 revenue +3.8% ► Organic growth of 5.5% (€m) 160.5 166.6 Scope extension of mandatory periodical inspections Pricing initiatives Development of
Slide 9: Health, Safety & Environment
Health, Safety & Environment (2.0)% (€m) 62.4 61.1 Q2 2009 revenue ► Organic decrease of 3.3% ► Contribution from acquisitions of 1.7% ► Negative currency impact of 0.4% Q2 2008 Q2 2009 H1 2009 revenue ► Organic decrease of 4.2% (€m) Ongoing re-engineering +2.2% 114.9 117.4 Occupational health & saf
Slide 10: Construction
Construction (€m) (10.4)% Q2 2009 revenue 122.3 109.6 ► Organic decrease of 12.1% ► Divestments of (0.3)% ► Positive currency impact of 2.0% Q2 2008 Q2 2009 H1 2009 revenue (€m) ► Organic decrease of 8.3% (6.1)% 233.3 Substantial reduction in technical control and 219.0 building permit code complian
Slide 11: Certification
Certification +2.5% 73.6 (€m) 71.8 Q2 2009 revenue ► Organic growth of 2.2% ► Contribution from acquisitions of 0.3% Q2 2008 Q2 2009 H1 2009 revenue (€m) +5.4% ► Organic growth of 5.0% 139.5 Good growth from new mandatory scheme in France 132.3 and from large contracts Attrition rate increase on the
Slide 12: Consumer Products
Consumer Products +27.5% 97.9 (€m) Q2 2009 revenue 76.8 ► Organic growth of 13.6% ► Contribution from acquisitions of 0.8% ► Positive currency impact of 13.1% Q2 2008 Q2 2009 H1 2009 revenue ► Organic growth of 24.3% (€m) Sustained growth in analytical testing for restricted 188.2 substances in all
Slide 13: Government Services & International Trade
Government Services & International Trade +4.1% (€m) 38.5 Q2 2009 revenue 37.0 ► Organic growth of 2.2% ► Positive currency impact of 1.9% Q2 2008 Q2 2009 H1 2009 revenue (€m) ► Organic growth of 3.6% 74.9 +5.1% in Government Services due to the start of 2 +5.8% new contracts in Guinea and Indonesia
Slide 14: Outlook
Outlook 14
Slide 15: Outlook
Outlook ► Bureau Veritas' business should continue to grow in 2009, albeit at a slower pace than in 2008: Single digit organic growth expected for FY 2009 Operating margin will improve on the back of the: • ongoing roll-out of cost-control and production process improvement programmes • growth in th
Slide 16: Q&A
Q&A 16
Slide 17: 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
Slide 18: Bureau Veritas - Move Forward with Confidence
BUREAU VERITAS Move Forward with Confidence July 28, 2009 18