Press Conference of 2008 11 27 - announcing HY results 2008/09

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    Press Conference of 2008 11 27 - announcing HY results 2008/09 - Presentation Transcript

    1. Press Conference 27th November 2008 Announcing the RealDolmen Half Year Results for the Six Months Ended 30 September 2008
    2. AGENDA
      • RealDolmen - overview
      • Key Figures Half Year 2008
      • Operational Review & Outlook
      • Q & A
    3. REAL DOLMEN
      • Bruno Segers
      • CEO RealDolmen
        • Headcount
          • Belgium 1440
          • France 380
          • Luxemburg 80
          • Total 1900
    4. OVERVIEW
      • Strong first half year
        • Turnover up 16,1% - growth achieved ahead of market sector
        • REBIT +42% , with margins up to 5,6%
        • Growing operating Cash Flow +62%
      • Integration on track
        • Aligned organisation able to deliver cross-selling successes
        • Internal ICT convergence plan final and ready for implementation
        • Motivated workforce - attrition in-line with market average
      • Well positioned for the future
        • Healthy revenue mix with over 33% in public and limited presence in financial sector (<7%)
        • Sound cash position and no short term debt exposure
        • Market leadership and strong offering
    5. KEY FIGURES HALF YEAR 2008
      • Jos Nyns
      • CFO RealDolmen
    6. TURNOVER Professional Services Infrastructure Products Business Solutions H1 2007/08 H1 2008/09 € 69,0 mio € 62,5 mio H1 2007/08 H1 2008/09 € 20,0 mio € 13,6 mio H1 2007/08 H1 2008/09 € 41,9 mio € 36,5 mio Total Group H1 2008/09 € 130,7 mio € 112,6 mio H1 2007/08
    7. MARGINS H1 2007/08 H1 2008/09 -1,6% -1,4% Corporate H1 2007/08 H1 2008/09 8,6% 7,3% Professional Services H1 2007/08 H1 2008/09 11,6% 6,9% Business Solutions H1 2007/08 H1 2008/09 2,9% 3,3% Infrastructure Products H1 2008/09 5,6% 4,6% H1 2007/08 Total Group
    8. CASH/DEBT POSITION Cash (2) Convertible debt (July 2012) Other debt
      • Shows impact of buy-back convertible on September close numbers
      • Cash = Cash + Assets held for trading
      March ‘08 € 36,6 mio € 73,7 mio € 16,7 mio € 57,0 mio September ‘08 € 34,6 mio € 74,6 mio € 14,8 mio € 59,9 mio Pro Forma (1) € 24,6 mio € 58,5 mio € 14,8 mio € 43,8 mio
    9. OPERATIONAL REVIEW & OUTLOOK
      • Bruno Segers
      • CEO RealDolmen
    10. HIGHLIGHTS
      • Turnover up 16.1% in first half after strong Q1. Higher margin Professional Services and Business Solutions show continued growth in Q2
      • Operational result before nonrecurring items (REBIT) up 42%, with REBIT margins up to 5.6%, despite integration costs
      • Operating cash flow up 62% to €9.4m
      • Integration of acquisition continues in line with expectations, with first cross-selling opportunities coming through
      • € 20m buy back of convertible bond in October 2008 for €10m in cash will improve the net debt position
    11. MERGER UPDATE
      • Integration succesfully proceeding to plan
      • First cross-selling opportunities coming through
      • Synergy benefits anticipated next FY, in-line with expectations
      • In-line with plan, investing more in H2 on single administrative platform & fully integrated operations by year-end
    12. SUMMARY & OUTLOOK
      • Pleased with progress achieved in H1
      • Expectations are aligned with economic outlook
        • Anticipate generating small level of growth & maintaining REBIT margins
      • We are well positioned for the future
        • Strong market position
        • Continued demand in the market & recruiting accordingly
        • Good spread of customers
        • Solid cash position
    13. HOME for our employees SHOWCASE for partners SIMPLE for our customers GREEN for the environment CAMPUS for all ROCK-SOLID PASSION for ICT
    14. Q & A
    15. THANK YOU FOR ICT PASSION ROCK-SOLID

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