Compagnie Financiere Tradition Sa · SIX:CFT
Compagnie Financiere Tradition Sa — H1 2017 Earnings Presentation
11 slides from Compagnie Financiere Tradition Sa's earnings presentation, Sep 1, 2017
Slide 1: Compagnie Financière Tradition H1 2017 results presentation
Compagnie Financière Tradition H1 2017 results presentation Zurich 1 September 2017
Slide 2: Confirmed stabilized revenue environment
Confirmed stabilized revenue environment Reported revenue remains impacted by the weakness of pound sterling following the vote on Brexit H1 2017 performance summary, in mCHF -0.6% -3.3% -5.2% 10.4% -7.8% -6.3% -4.6% 426.6 425.2 411.4 margin H1 2017 10.1% margin H1 2016 9.9% 9.7% 46.7 margin 45.0 9.
Slide 3: IDB adjusted revenue up 0.8%
IDB adjusted revenue up 0.8% Importance of a global and diverse product offering Group adjusted revenue Adjusted revenue by business M CHF M CHF 460.0 445.7 IDB H1 2016 H1 2017 -0.5% +0.8% Non-IDB Joint ventures 34.8 34.3 440.4 -28.6% 431.6 19.6 Subsidiaries (reported) 14.1 425.2 411.4 H1 2016 H1 20
Slide 4: IDB adjusted underlying operating margin up to 9.2%
IDB adjusted underlying operating margin up to 9.2% Increase in front office staff Adjusted underlying operating profit IDB headcount trend margin Exceptional 2'229 2'174 2'125 2'114 2'084 M CHF items -5.2% Non IDB 10.1% 9.7% IDB 1'531 1'449 1'414 1'380 1'448 46.7 43.4 7.3 3.5 39.4 39.9 698 676 700
Slide 5: Gaitame.com reduced performance
Gaitame.com reduced performance Market impacted by low currency volatility, particularly in the JPY Revenue trend* EBITDA trend* M CHF M CHF At current rates At constant rates (variation at constant rates) At current rates At constant rates (variation at constant rates) -28.6% margin -48.1% 37.6 40%
Slide 6: Net profit – Group share down 4.6% to CHF 27.4m
Net profit – Group share down 4.6% to CHF 27.4m Net foreign exchange losses of CHF 2.5m, a negative variation of CHF 6.1m on 1H 2016 Net profit – Group share M CHF H1 2017 H1 2016 Change Change at at Net interest expense -2.3 -4.0 current constant exchange exchange Net foreign exchange gains/(losses
Slide 7: Continued focus on strong balance sheet
Continued focus on strong balance sheet Assets Equity and Liabilities M CHF 30.06.17 31.12.16 M CHF 30.06.17 31.12.16 Property, Plant & Equipment 18.7 21.6 Capital 17.8 17.6 Intangible assets 52.9 51.0 Share premium 34.7 24.3 Investments in associates and joint ventures 129.3 126.6 Treasury shares -
Slide 8: Net cash position of CHF 193m
Net cash position of CHF 193m1) Gross adjusted cash balance of CHF 428m Net cash position trend Net adjusted cash flow trend* 600 Cash in JVs Financial debts* M CHF Unavailable cash, non-current Other liquid assets (AFS) M CHF Movements in exchange rates Gross Cash and cash equivalents adjusted Net
Slide 9: Total shareholders' equity amount to CHF 386.8m excluding treasury shares
Total shareholders’ equity amount to CHF 386.8m excluding treasury shares Shareholders’ equity trend Shareholders’ equity breakdown M CHF Capital and share premium Consolidated reserves Currency translation 400 Treasury shares Minority interests Total Group share 370.0 375.4 380.3 363.4 329.2 14.9 3
Slide 10: Focus on growth to enhance further its product portfolio
Focus on growth to enhance further its product portfolio Tradition, one of the 3 Global IDB Growth Capture growth from both external and organic opportunities • Industry in an advance consolidation stage Continue to • Pressure on smaller scale brokers • Q412 Lag time can be important before recruitm
Slide 11: Thank you
GLOBAL Thank you = a Global Leaders In Interdealer Broking | radition
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