Unisys Corporation New · NYSE:UIS
Unisys Corporation New — Unisys — Shareholder Meeting (April 2004)
20 slides from Unisys Corporation New's shareholder meeting presentation, Apr 22, 2004
Slide 1: Annual Meeting of Stockholders
ANNUAL MEETING OF STOCKHOLDERS April 22, 2004
Slide 2: Disclaimer
Disclaimer Statements made by Unisys during today’s presentation that are not historical facts, including those regarding future performance, are forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and assumptions
Slide 3: Lawrence A. Weinbach, Chairman and CEO
ANNUAL MEETING OF STOCKHOLDERS Lawrence A. Weinbach Chairman and CEO
Slide 4: 2003 Report Card
2003 Report Card OBJECTIVE RESULT Continue double-digit growth in BPO Grew 20% Drive growth in IT infrastructure security Grew 25%+ Continue operating margin improvement in services Up 110 basis points* Expand market for ES7000 servers + 25% Build market awareness of Unisys Achieved Free cash flow M
Slide 5: 2003 Net Income Growth
2003 Net Income Growth NET INCOME NET INCOME EXCLUDING IMPACT OF $M $M PENSION ACCOUNTING $300 $300 $250 $250 +16% $200 $200 +92% $150 $150 $100 $100 $50 $50 $0 $0 2002 2003 2002 2003 Please refer to reconciliation of GAAP to non-GAAP financial information available on the Unisys Investor website at
Slide 6: 2003 Earnings Per Share Growth
2003 Earnings Per Share Growth EXCLUDING IMPACT OF PENSION ACCOUNTING $1.00 $0.73 $0.75 $0.50 $0.39 $0.25 $0.00 2002 2003 Please refer to reconciliation of GAAP to non-GAAP financial information available on the Unisys Investor website at www.unisys.com/investor
Slide 7: Strong Cash Flow Performance
Strong Cash Flow Performance 2002 2003 Cash Flow From Operations $324M $529M Capital Expenditures $336M $395M % Revenue-Generating Cap Ex 77% 72% Free Cash Flow ($12M) $134M Depreciation & Amortization $298M $343M Cash $302M $636M Please refer to reconciliation of GAAP to non-GAAP financial informat
Slide 8: 1Q 2004 Financial Highlights
1Q 2004 Financial Highlights 1Q04 1Q03 % Change Revenue $1,463M $1,399M +5% Services $1,165M $1,107M +5% Technology $298M $292M +2% Net Income – Excluding Pension $44M $34M +29% EPS – Excluding Pension 13 cents 10 cents +30% Net Income – As reported $29M $39M -25% EPS – As reported 9 cents 12 cents
Slide 9: Joseph W. McGrath, President & Chief Operating Officer
ANNUAL MEETING OF STOCKHOLDERS Joseph W. McGrath President & Chief Operating Officer
Slide 10: A Consistent Strategy Since 1997
A Consistent Strategy Since 1997 Services-led, 2003 Revenue: technology-enabled $5.9B solutions provider Provide value-added, Technology end-to-end solutions 21% in our focused markets Articulated in 1997, Services same vision today 79%
Slide 11: Unisys Today: Focused Business Model
UNISYS TODAY: Focused Business Model
Slide 12: 2004 Strategic Objectives
2004 Strategic Objectives Double-digit growth in annuity/BPO revenue Double-digit growth in enterprise security Double-digit growth in ES7000 volume Drive continued improvement in services margins Enhance global brand awareness of Unisys
Slide 13: How Are We Getting There?
How Are We Getting There? High-end consulting BPO and managed services Security Enterprise servers Cross-selling Leveraged delivery processes People with the Brand recognition right skills.
Slide 14: Unisys Evolution
Unisys Evolution Technology systems to technology services ITO to BPO Firewalls to Zero-Gap Planning to Secure Supply Chain Business Blueprinting End-to-end capability to 3D Visible Enterprise from consulting to implementation.
Slide 15: What Do CXOs Face?
What Do CXOs Face? Fiercely competitive, volatile world Raise the bar to compete Bridge gap between CEO direction and IT capability – integrate CEO strategy Understand the cost benefit – ROI Expand the top line/reduce the cost structure Imperative for information and regulatory visibility
Slide 16: 3D Visible Enterprise
3D Visible Enterprise See cause and effect of decisions – before you make them Shows cost benefit and ROI – before you invest Shows what is required for a new IT infrastructure integration – before you jump in 3D-VE: The Outcome. 3D Blueprinting: The How.
Slide 17: Differentiation / Market Opportunities
Differentiation / Market Opportunities Unique approach • 3D Visible Enterprise Apply to market opportunities • BPO solution sets • e-Government - Integrated Justice - Health and Human Services • Secure Supply Chain (RFID) • Wireless Multimedia Messaging • Check 21 • Identity management
Slide 18: Keys to Success in 2004: Focus, Execution
Keys to Success in 2004 Focus Execution
Slide 19: 2004 Financial Outlook
2004 Financial Outlook Full year 2004: • Mid single-digit revenue growth • EPS of 83-87 cents excluding impact of pension accounting • $100M+ free cash flow Second-quarter 2004: • Mid single-digit revenue growth • EPS of 14-17 cents excluding impact of pension accounting
Slide 20: Annual Meeting of Stockholders
ANNUAL MEETING OF STOCKHOLDERS April 22, 2004