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Bruno Talks at Trends Inside Lunchgesprek (11 December 2008)


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Bruno Talks at Trends Inside Lunchgesprek (11 December 2008)

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Bruno Talks at Trends Inside Lunchgesprek (11 December 2008)

  1. 1. One Year Later
  2. 2. <ul><li>From: Segers Bruno Sent: woensdag 12 december 2007 22:52 To: Abdo Ashley Subject: Diesel Romeo honeymoon hotel </li></ul><ul><li>Ashley, </li></ul><ul><li>As discussed. </li></ul><ul><li>All details about Hotel De Schelde via this link As it’s only in Dutch a few additional comments </li></ul><ul><li>I know this hotel, small, modest and cheap (Jef will like this) </li></ul><ul><li>It’s not in Belgium (they will not know us) </li></ul><ul><li>It’s 1 hour drive from Brussels and 1 hour drive from Antwerp </li></ul><ul><li>They have wireless </li></ul><ul><li>They have a few meeting rooms </li></ul><ul><li>We can eat, swim, drink, sauna and go for bowling </li></ul><ul><li>If we don’t have a solution for big problems we can go for a beach walk to catch fresh air </li></ul><ul><li>They still have 10 rooms available this Friday and/or Saturday </li></ul><ul><li>We can meet and work there </li></ul><ul><li>We can work and meet full days while our partners (even children) could enjoy the environment (if we decide to do this) </li></ul><ul><li>Jef and Francois could join us Saturday night for dinner </li></ul><ul><li>Etc … </li></ul><ul><li>I took an option for at least 10 rooms this Saturday. Ideally we should bring the new mgt team and the merger taskforce together in this war room concept. We will save a lot of money and time while we start building the Newco Mgt Team in one go. </li></ul><ul><li>Think about it. </li></ul><ul><li>Bruno </li></ul><ul><li>PS If needed some of us can go there as from Friday night to prepare while we start formally Saturday at 10 AM and end Sunday night at … </li></ul>
  3. 3. Timeline Diesel Project 14-21 December 2007 December 14-19 Complete Business Plan & NewCo Presentation Complete Draft Prospectus Complete Antitrust Filing December 19 3pm Present to Board Diesel – Obtain Support Letter 8pm Present Board Romeo – Approve Prospectus December 20 AM Present Draft Prospectus and Industrial Project to CBFA December 21 AM Public Announcement of Deal by CBFA 9am Work’s Council Briefings 10am Press Conference 12pm Analysts 3pm Associates December 25 Enjoy Christmas with Families!
  4. 4. HISTORY 1999 Listing on EuroNext Brussels 1997 Listing on EuroNext Brussels 2007 € 75 mio convertible bond Acquisition Axias 1986 Start of Real Software NV 2008 RealDolmen Revenue Q1 +26% 2007 - 2008 Growth and return to sound operations 2004 Acquisition JCS 2008 Merger 2007 Acquisition NEC Philips 1982 Start of Dolmen NV out of Colruyt IT department 2004 – 2007 Restructuring Establishing solid platform for growth 2001 – 2004 Distressed situation Investment by Gores
  5. 5. KEY MILE STONES – FROM PROJECT TO NV <ul><li>December 21, 2007 </li></ul><ul><li>February 20, 2008 </li></ul><ul><li>March 5, 2008 </li></ul><ul><li>March 26, 2008 </li></ul><ul><li>September 1, 2008 </li></ul><ul><li>Announcement of the tender offer and subsequent merger </li></ul><ul><li>CBFA approval and publication of the prospectus </li></ul><ul><li>Closing of the tender acceptance period </li></ul><ul><li>Successfull closing of the tender offer with 82,45% Dolmen shares tendered </li></ul><ul><li>Extraordinary General Assembly of Shareholders to approve the merger </li></ul>
  7. 7. REALDOLMEN IS ONE OF THE TOP INDEPENDENT ICT SUPPLIERS IN BELGIUM RealDolmen combines to a Top 10 position in the Belgian market
  8. 8. REALDOLMEN HAS A CLEAR VISION AND MISSION <ul><li>Vision: To be the reference in the local market for integrated solutions supporting the complete ICT-lifecycle. </li></ul><ul><ul><li>Reference : be the preferred & trusted choice for customers, partners and employees </li></ul></ul><ul><ul><li>Local : proximity to our customers in the Benelux and France </li></ul></ul><ul><ul><li>Integrated solutions : complete ICT offering covering the full lifecycle, including infrastructure, applications and communications </li></ul></ul><ul><ul><li>Complete ICT-lifecycle : supporting all plan-build-operate activities </li></ul></ul><ul><li>Mission: RealDolmen’s mission is to enable its clients to achieve their objectives by optimizing their business processes through innovative, effective and reliable ICT solutions. </li></ul>
  9. 9. REALDOLMEN HAS A SINGLE-SOURCE OFFERING Infrastructure Products Business Solutions Professional Services A true single-source supplier, able to support the full ICT-lifecycle
  11. 11. REALDOLMEN HAS A SOLID AND REFERENTIAL CUSTOMER BASE IN BOTH THE MID-MARKET AND LARGE ACCOUNTS Logistics and Distribution Industry Life Science Services Government/Healthcare/Education
  14. 14. REALDOLMEN SHAREHOLDER OWNERSHIP <ul><li>Notes: </li></ul><ul><li>Non-diluted shareholding per September 1, 2008 not taking in to account warrants and Real convertible bond to be exercised in 2012 </li></ul><ul><li>Institutionals consist of Fortis Investment Management NV, UBS AG and Deutsche Bank AG </li></ul>(2) (1)
  15. 15. TURNOVER H1 2007/08 TO H1 2008/09 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
  16. 16. 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
  17. 17. CASH/DEBT POSITION Cash (2) Convertible debt (July 2012) Other debt <ul><li>Shows impact of buy-back convertible on September close numbers </li></ul><ul><li>Cash = Cash + Assets held for trading </li></ul>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
  18. 18. MERGER UPDATE <ul><li>Integration </li></ul><ul><ul><li>From April 2008 to March 2009 </li></ul></ul><ul><li>Optimization </li></ul><ul><ul><li>From October 2008 to June 2009 </li></ul></ul><ul><li>Innovation </li></ul><ul><ul><li>From April 2009 to March 2010 </li></ul></ul><ul><li>Communication </li></ul><ul><ul><li>From week to week </li></ul></ul>
  19. 19. SUMMARY <ul><li>€ 252 mio revenue / €20 mio Ebitda </li></ul><ul><li>Employing almost 2000 professionals </li></ul><ul><li>Single-source provider of integrated ICT solutions </li></ul><ul><li>Active in Benelux and France </li></ul><ul><li>Pleased with progress achieved in H1 </li></ul><ul><li>Expectations are aligned with economic outlook </li></ul><ul><li>We are well positioned for the future </li></ul>
  20. 20. THANK YOU for ICT Passion Rock-solid