Press presentation - announcing the FY 2008/2009 financial results

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    Press presentation - announcing the FY 2008/2009 financial results - Presentation Transcript

    1. www.realdolmen.com 29 MAY 2009 Announcing the Results for the Year Ended 31 March 2009 Press briefing JUNE 3, 2009 | SLIDE 1
    2. AGENDA  RealDolmen - overview  Key Figures Full Year 2008/2009  Operational Review & Outlook  Q&A JUNE 3, 2009 | SLIDE 2
    3. Bruno Segers CEO RealDolmen OVERVIEW JUNE 3, 2009 | SLIDE 3
    4. Belgium Headcount  Belgium 1390  France 300 Luxemburg  Luxemburg 80 France  Total 1770 JUNE 3, 2009 | SLIDE 4
    5. OVERVIEW  Solid first RealDolmen year  Turnover up 5,6%  REBIT +7,0% , with margins up to 6,0% despite incurred integration costs  Strong cash position with €19,3mio operational cash flow  Net debt position reduced by €15,3mio as a result of buy back of convertible bond and strong operational cash flows  Reverse stock split  Integration on track  Integration almost completed and additional cost improvement plans taking effect  Well positioned for the future  Good spread of customers - healthy revenue mix with over 33% in public sector and limited presence in financial sector (<7%)  Strong balance sheet and sound cash position  Market leadership and strong offering JUNE 3, 2009 | SLIDE 5
    6. BROAD SINGLE-SOURCE OFFERING Business Solutions  Turnkey Solutions  Service Oriented Architecture  Enterprise Resource  Unified Communications Planning  Supply Chain Mgmt  Customer Relationship  CAD/GIS Management  Mobility  Business Intelligence  Enterprise Asset Mgmt  ECM/WCM  Clinical Trial Mgmt Systems  Web Solutions Solutions built with own software or on top of 3rd party platforms. In this area we sell services and products (such as 3rd party software or own IP) under the form of licenses. Professional Services  Development  Networking  Outsourcing  Testing  Managed Services  Support & Helpdesk  Project Management  Security  Training Services  Enterprise Application Integration  Business Process  Service Oriented Architecture Management Encompasses services (both development and infrastructure competences) and products (own IP under the form of courseware, development methodologies, project management methodologies, building blocks, etc). Infrastructure Products  Data Center  IP Communications  Front-end  Voice Over IP  Networking  Security Hardware products and software licenses JUNE 3, 2009 | SLIDE 6
    7. GOOD REVENUE SPREAD ACROSS SECTORS Services Services Government (Financial) (Other) / Healthcare 7% 19% / Education 33% Industry 29% Telecom Distribution 3% / Logistics / Energy 9% JUNE 3, 2009 | SLIDE 7
    8. SHAREHOLDER OWNERSHIP & REVERSE STOCK SPLIT Cegeka Institutionals (2) 4% 5% Reverse stock split Colruyt (3) Consolidation of shares 16% to benefit shareholders by reducing stock The Gores Group volatility and allowing (1) the stock price to better 28% reflect value changes Free Float 47% Notes: These figures (dating from 28/4/2009) represent the shareholdings on a non-diluted basis, i.e. without taking into account the possible conversion of warrants, convertible bonds or other financial instruments which may result in the creation of RealDolmen shares. They are based on the shareholder's declarations made in accordance with the applicable transparency legislation, whi ch are also made available on thewebsite. (1) Includes stock held by Gores (Real Holdings LLC) and KBC Financial Products. Further to the issuance of the 2007 Convertible Bond, Real Holdings LLC and KBC Financial Products have entered into a stock loan agreement according to which KBC FP has currently borrowed up to 40 million shares for up to 3 years. According to their most recent declarations, Gores and KBC Financial Products respectively hold 20,46% and 7,51% of the issued share capital. (2) “Institutionals” includes Fortis Investment Management NV, holding 3,00% of the issued share capital, Deutsche Bank AG, holding 2.64% of the issued share capital, and KBC (other than KBC Financial Products, which is already taken into account under (1)), holding 0,20% of the issued share capital. (3) “Colruyt” refers to a number of related parties that made a joint declaration, the details of which are available on the website. JUNE 3, 2009 | SLIDE 8
    9. Jos Nyns CFO RealDolmen KEY FIGURES FY 2008/2009 JUNE 3, 2009 | SLIDE 9
    10. €40,5 €34,8 mio TURNOVER FY 2007/08 TO FY 2008/09 mio Business Solutions FY FY 2007/08 2008/09 €251,5 €265,6 mio mio €142,0 €138,4 mio mio Professional FY 2007/08 Services FY 2008/09 FY FY 2007/08 2008/09 Total Group €83,1 €78,3 mio mio Infrastructure Products FY FY 2007/08 2008/09 JUNE 3, 2009 | SLIDE 10
    11. 11,8% 10,5% MARGINS 10,1% 8,8% 4,2% 3,4% FY FY FY FY FY FY 2007/08 2008/09 2007/08 2008/09 2007/08 2008/09 -1,6% -2,5% FY FY Infrastructure Professional Business 2007/08 2008/09 Products Services Solutions 5,9% 6,0% Corporate FY FY 2007/08 2008/09 JUNE 3, 2009 | SLIDE 11 Total Group
    12. In Q3, the company has taken CASH/DEBT POSITION advantage of the depressed environment in the convertible €74,6 bond market to buy back €73,7 mio mio €31,5mio worth of its € 75mio senior unsecured convertible €14,8 €16,7 mio mio bond note. €54,9 mio €36,6 €57,0 €18,4 €34,6 €59,9 mio mio €33,1 mio mio mio mio €36,5 mio March ‘08 September ‘08 March ‘09 2,0 2,2 1,2 Net debt Ebitda Cash (2) Convertible debt (July 2012) Other debt (1) Shows impact of buy-back convertible in October and December on September close numbers (2) Cash = Cash + Assets held for trading JUNE 3, 2009 | SLIDE 12
    13. Bruno Segers CEO RealDolmen OPERATIONAL REVIEW & OUTLOOK JUNE 3, 2009 | SLIDE 13
    14. HIGHLIGHTS  Solid performance across all three divisions in the year  As anticipated, impact of economic downturn seen in H2 and into Q4  Continued customer wins across multiple sectors  Public sector: Wit-Gele Kruis Vlaams-Brabant & Limburg  Media: Corelio  Telecom: Mobistar  Industry: Sappi JUNE 3, 2009 | SLIDE 14
    15. SUCCESFULL MERGER  Divisions now organised & aligned  Cross-selling opportunities are being converted  Synergy benefits anticipated next FY, in-line with expectations  Number of employees reduced by 65 due to hiring freeze and optimizations  No increase in attrition due to merger. Attrition is declining due to economic downturn JUNE 3, 2009 | SLIDE 15
    16. GROWTH STRATEGY  Strategy remains unchanged – pursuit of organic growth with small acquisitions where appropriate  Operate a streamlined organization with optimal framework for growth following optimization & integration projects  Current economic environment presents opportunities to continue to build market share through carefully chosen bolt-on acquisitions JUNE 3, 2009 | SLIDE 16
    17. SUMMARY & OUTLOOK  Pleased and proud with first RealDolmen year  Expectations are aligned with economic outlook  Lower levels of turnover in Q4 to continue in H1 2009/2010  Market position, customer spread across sectors and strengthened product offering gives us confidence we should be able to gain market share  Lower turnover will put pressure on REBIT margins  Expect acquisition synergies and optimization efforts to take effect  We are well positioned for the future  Framework for growth  Strong cash position  Strong market position  Good spread of customers across sectors JUNE 3, 2009 | SLIDE 17
    18. SIMPLE for the for partners GREEN HOME SHOWCASE environment CAMPUSemployees our customers for all ROCK-SOLID PASSION for ICT JUNE 3, 2009 | SLIDE 18
    19. Q&A JUNE 3, 2009 | SLIDE 19
    20. For more information: visit our website WWW.REALDOLMEN.COM or contact: Thierry de Vries Secretary-general TEL.:+32 2 362 55 55 FAX: +32 2 362 55 99 thierry.devries@realdolmen.com or Financial Dynamics Juliet Clarke / Haya Chelhot / Emma Appleton TEL.: +44 20 7831 3113 JUNE 3, 2009 | SLIDE 20

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