Bouygues SA · EURONEXT:EN
Bouygues SA — Q1 2010 Earnings Presentation
16 slides from Bouygues SA's earnings presentation, Jun 1, 2010
Slide 1: 1st quarter 2010 results
01/06/2010 1 1st quarter 2010 results 1 June 2010 Q1 2010 results 2 This presentation contains projections and forecasts. They express objectives based on the current assessments and estimates of the Group’s senior management which are subject to many factors and uncertainties. The following factors
Slide 2: Bouygues Group: key operating figures
01/06/2010 3 HIGHLIGHTS AND KEY FIGURES BUSINESS AREAS FINANCIAL STATEMENTS OUTLOOK AND OBJECTIVES APPENDIX Q1 2010 results 1 June 2010 BOUYGUES GROUP: key operating figures 4 € million Q1 2009(1) Q1 2010 Change g Sales(2) 6,579 6,443 -2% Operating profit 165 162 -2% Net profit attributabl
Slide 3: Bouygues Group: financial position
01/06/2010 BOUYGUES GROUP: financial position (1/2) 5 End-March Change € million illi 2009 2010 Shareholders’ equity 8,839 10,079 +€1,240m Net debt 5,427 3,230 -€2,197m Gearing ratio 61% 32% -29pts Sharp decrease in net debt, in line with the end-December 2009 improvement Net gearing down by 29
Slide 4: Bouygues Construction: business activity
01/06/2010 7 HIGHLIGHTS AND KEY FIGURES BUSINESS AREAS FINANCIAL STATEMENTS OUTLOOK AND OBJECTIVES APPENDIX Q1 2010 results 1 June 2010 BOUYGUES CONSTRUCTION: business activity 8 Order intakes € million Order Book Long-term O.B (beyond Y+5) Order book Y+2 to Y+5 International 2,918 Order b
Slide 5: Bouygues Construction key figures; Bouygues Immobilier reservations
01/06/2010 BOUYGUES CONSTRUCTION: key figures 9 € million Q1 2009 Q1 2010 Change Sales 2,291 2,161 -6%(1) o/w France 1,293 1,166 -10% o/w international 998 995 = Operating margin 2.5% 3.5% +1.0 pts Net profit attributable to the Group 48 47 -2% (1) Down 7% like-for-like and at constant exchange rate
Slide 6: Bouygues Immobilier key figures; Colas order book
01/06/2010 BOUYGUES IMMOBILIER: key figures 11 € million Q1 2009 Q1 2010 Change Sales 628 624 -1%(1) o/w Residential 404 467 +16% o/w Commercial 224 157 -30% Operating margin 6.7% 9.0% +2.3 pts Net profit attributable to the Group 23 30 +30% (1) Down 1% like-for-like and at constant exchange rates G
Slide 7: Colas key figures; TF1 key figures
01/06/2010 COLAS: key figures 13 € million Q1 2009 Q1 2010 Change Sales 1,972 1,828 -7%(1) o/w France 1,299 1,223 -6% o/w international 673 605 -10% Operating profit (115) (202) +76% Net profit attributable to the Group (70) (129) +84% (1)Down 8 % like-for-like and at constant exchange rates A26 Hig
Slide 8: Bouygues Telecom: commercial highlights and key figures
01/06/2010 BOUYGUES TELECOM: commercial highlights 15 Mobile activity Fixed-line activity (2) Contract net additions per quarter ('000') C Bbox activated per quarter ('000) 261 138 117 183 89 135 149 131 55 18 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Mobile activity: 24% net mar
Slide 9: Condensed consolidated income statement (1/2)
01/06/2010 17 HIGHLIGHTS AND KEY FIGURES BUSINESS AREAS FINANCIAL STATEMENTS OUTLOOK AND OBJECTIVES APPENDIX Q1 2010 results 1 June 2010 BOUYGUES: condensed consolidated income statement (1/2) 18 Q1 2009 Q1 2009 € million Q1 2010 Change restated(1) published Sales 6,579 6,443 -2% 6,655 Ope
Slide 10: Income statement (2/2); condensed consolidated balance sheet
01/06/2010 BOUYGUES: condensed consolidated income statement (2/2) 19 Q1 2009 Q1 2009 € million Q1 2010 Change restated(1) published I Income ttax expense (11) (24) x 2.2 22 (15) Share of profits and losses of associates 106 121 +14% 106 Net profit from continuing operations 174 210 +21% 179 Net pro
Slide 11: Bouygues: change in cash position
01/06/2010 BOUYGUES: change in cash position (1/2) 21 Net cash at Net cash at end-Dec 2009 €m end-March 2010 (2,000) (2 250) (2,250) (2,704) (2,500) Acquisitions/ Capital transactions Operation (3,230) Disposals -561 -18 +53 (2,750) (3,000) (3,250) (3,500) Q1 (4,916) +166* -6 -671 (5,427) 2009 Q1 20
Slide 12: Net capital expenditure by business area; liquidity
01/06/2010 Contribution of business areas to Group net capital expenditure 23 Net capital expenditure € million Q1 2009 Q1 2010 Change Bouygues Construction 31 61 +€30m Bouygues Immobilier 1 1 = Colas 56 33 -€23m TF1 33 14 -€19m Bouygues yg Telecom 132 90 -€42m Holding company and other(1) 5 1 -€4
Slide 13: Bouygues Group: 2010 sales targets
01/06/2010 25 HIGHLIGHTS AND KEY FIGURES BUSINESS AREAS FINANCIAL STATEMENTS OUTLOOK AND OBJECTIVES APPENDIX Q1 2010 results 1 June 2010 BOUYGUES GROUP: 2010 sales targets 26 € million 2010 target Change 2009 In March In June 2010/2009 Bouygues Construction 9 546 9,546 99,100 100 99,100 10
Slide 14: Bouygues: calendar
01/06/2010 BOUYGUES: calendar (CET1) 27 31 August 2010 First-half 2010 sales and earnings 5.45pm 1 September 2010 Analysts’ meeting in Paris 11.00am 9 November 2010 Nine-month 2010 sales 5.45pm 2 December 2010 Nine-month 2010 earnings 5.45pm 1All times are Central European Times Q1 2010 resu
Slide 15: Bouygues Telecom: operating performance and key indicators
01/06/2010 BOUYGUES TELECOM: operating performance 29 Sales from network EBITDA Reduction in voice Organic growth and SMS termination rate differential Call termination Organic growth New taxes rate cut +38 +13 % 357 -15 +155 €m 348 -14 1,237 -93 1,175 Q1 2009 Q1 Q12010 2010 Q1 2009 Q1 2010 Q1 2010
Slide 16: Q1 2010 results 1 June 2010
01/06/2010 31 Q1 2010 results 1 June 2010 16