2013/2014 FY Results press and analist meeting

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2013/2014 FY Results press and analist meeting

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2013/2014 FY Results press and analist meeting

  1. 1. JUNE 2, 2014 | SLIDE 1 ANNOUNCING THE REALDOLMEN FULL YEAR RESULTS FOR THE YEAR ENDED 31 MARCH 2014 PRESS & ANALYST MEETING
  2. 2. JUNE 2, 2014 | SLIDE 2 AGENDA  RealDolmen – overview  Key Figures Full Year 2013-2014  Operational Review & Outlook  Q & A
  3. 3. JUNE 2, 2014 | SLIDE 3 OVERVIEW Marc De Keersmaecker General Manager RealDolmen
  4. 4. JUNE 2, 2014 | SLIDE 4 OVERVIEW  4,2% year-over-year turnover growth  5,5% turnover growth in Business Solutions  12,5% growth in Infrastructure Products  4,7% REBIT margin  Robust balance sheet structure with net cash situation (negative net debt)  €1,3m goodwill impairment related to the announcement of exclusive negotiations started with a French IT Services company to take over our French operations
  5. 5. JUNE 2, 2014 | SLIDE 5 REASONS FOR AIRIAL OPERATION  The market and offerings of Airial are dominated by scale and require high critical mass to be successful  Little potential synergy with the RealDolmen single source offering to the local mid-market  Window of opportunity by consolidating market in France
  6. 6. JUNE 2, 2014 | SLIDE 6 ACQUISITION OF TRAVI@TA  Travi@ta  Located in Diegem  market leader in CRM  €4m turnover per year  35 professionals  This acquisition complements the CRM and CEM offering of RealDolmen’s Business Solutions to become the Belgian CRM reference company
  7. 7. JUNE 2, 2014 | SLIDE 7 TOP INDEPENDENT ICT SUPPLIER IN BELGIUM  RealDolmen is a leading partner for many of the large technology companies:  First HP Partner to be certified for the HP CloudAgile Program  First HP Platinum Converged Infrastructure Specialist in Belgium  HPOne award (i.e. Best Partner) for GWE region  Ranked 10th “Most Competent” Microsoft Partner in the World  achieved at this moment 13 gold and 9 silver competencies as Microsoft Partner, making us unique in Belgium
  8. 8. JUNE 2, 2014 | SLIDE 8 KEY FIGURES FY 2013/2014 Paul De Schrijver CFO RealDolmen
  9. 9. JUNE 2, 2014 | SLIDE 9 Services TURNOVER FY 2012/13 TO FY 2013/14 Professional Services Infrastructure Products Business Solutions FY 2012/13 FY 2013/14 €42,7 mio €40,4 mio FY 2012/13 FY 2013/14 €73,9 mio€65,7 mio Total Group FY 2013/14 €247,8 mio €237,7 mio FY 2012/13 FY 2012/13 FY 2013/14 €131,2 mio €131,6 mio
  10. 10. JUNE 2, 2014 | SLIDE 10 REBIT MARGINS FY 2012/13 TO FY 2013/14 BEFORE IMPAIREMENT AND OPTIMIZATION COSTS -1,1%-1,3% Corporate FY 2012/13 FY 2013/14 9,7% 4,5% Professional Services FY 2012/13 -4,7%-10,5% Business Solutions FY 2012/13 FY 2013/14 4,9%4,8% Infrastructure Products FY 2013/14 4,7% Total Group FY 2012/13 FY 2013/14 FY 2013/14 0,7% FY 2012/13
  11. 11. JUNE 2, 2014 | SLIDE 11 FY 2013/14 YOY REBIT ANALYSIS BEFORE IMPAIRMENT AND OPTIMIZATION COSTS €1,7m €11,6m
  12. 12. JUNE 2, 2014 | SLIDE 12 NET PROFIT BREAKDOWN FY 2013/14 -€1,3 mio -€13,9 mio Non-recurring Items -€0,5 mio Financial Result FY 2012/13 €11,6 mio €1,7 mio Taxes FY 2013/14 €9,0 mio -€14,9 mio Net Profit -€0,7 mio OUTLOOK We expect REBIT margins to be at mid-single digit margins. OUTLOOK Financial results will be at a stable level OUTLOOK Limited taxes on foreign activities. FY 2012/13 -€2,0 mio EBIT After non- recurring items FY 2012/13 FY 2013/14 €10,3 mio -€12,3 mio FY 2012/13 -€0,8 mio REBIT Before Impairment FY 2013/14 FY 2012/13 FY 2012/13 FY 2013/14 FY 2013/14
  13. 13. JUNE 2, 2014 | SLIDE 13 CASH/DEBT POSITION Cash (2) Convertible debt (July 2012) Other debt (1) Last Twelve Months (LTM) Ebitda at relevant date (2) Cash = Cash + Assets held for trading + other Financial Assets March ‘11 €57,5 mio €54,6 mio €9,7 mio €44,9 mio Net debt Ebitda (1)-0,2 0,0 March ‘12 €51,6 mio €51,1 mio €9,7 mio €41,4 mio -1,2 March ‘13 €23,6 mio €20,1 mio -0,3 March ‘14 €23,4 mio €19,6 mio
  14. 14. JUNE 2, 2014 | SLIDE 14 OUTLOOK 2014-2015 Marc De Keersmaecker General Manager RealDolmen
  15. 15. JUNE 2, 2014 | SLIDE 15 SUMMARY & OUTLOOK FOR FY 2014-2015  Confident towards future  Grow faster than the market  Grow faster than market in both Professional Services and in Business Solutions.  Product turnover should decrease gradually as cloud initiatives increase.  REBIT margins at mid-single digit levels
  16. 16. JUNE 2, 2014 | SLIDE 16 Q & A
  17. 17. JUNE 2, 2014 | SLIDE 17 Follow us on: Selected presentations are available on: THANK YOU WWW.REALDOLMEN.COM

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