2. Page We help companies develop their business through… … acquisition & … organic growth
3. (1) Base on the corporate strategy written by Christophe Schwoertzig for Capgemini UK&I Think ITO Market Build BPO Market Specialist Specialist Specialist Specialist End-to-end capability >£750m BDO Stoy Hayward >£1bn >£2bn >£150m McKinsey & Co Deloitte CSC Capgemini Logica Accenture IBM EDS Fujitsu Sun Oracle Computacentre Microsoft Capita Capgemini BT Logica HP Fujitsu EDS IBM Misys Capita CSC Capgemini BT Fujitsu Accenture EDS IBM Atos Origin Xansa Booz Allen Wipro Serco Serco Accenture IBM Equitant Exult Creditek Vertex EDS CSC ACS Xchanging HBS Capita Market Map 1 >£500m InfoSys Xansa In-house In-house Arinso Arinso Arinso Capgemini Atos Origin Atos Origin Atos Origin InfoSys InfoSys InfoSys PA Consulting Cisco SAP FOR ILUSTRATIVE PURPOSES ONLY We combine a strategic approach with an in-depth understanding of the IT market… Accenture CSC
4. IT OUTSOURCING – TOP 5 COMPANIES BY REGION BUSINESS PROCESS OUTSOURCING – TOP 5 COMPANIES BY REGION WESTERN EUROPE UK GERMANY WESTERN EUROPE UK GERMANY (1) Based on Gartner data … operate at global level… FOR ILUSTRATIVE PURPOSES ONLY Rank Company Market share 1 IBM 14.5% 2 EDS 8.1% 3 T-Systems 7.5% 4 Fujitsu 5.2% 5 BT 5.2% Rank Company Market share 1 BT 14.1% 2 EDS 13.8% 3 Fujitsu 12.2% 4 CSC 10.4% 5 IBM 9.0% Rank Company Market share 1 T-Systems 28.6% 2 IBM 13.6% 3 Siemens 12.0% 4 Fiducia 6.2% 5 EDS 4.9% Rank Company Market share 1 Capita Group 6.4% 2 ADP, Inc 3.3% 3 Accenture 3.2% 4 Siemens 3.1% 5 EDS 2.9% Rank Company Market share 1 Capita Group 12.2% 2 EDS 3.2% 3 Misys 3.1% 4 Vertex 2.6% 5 Liberata 2.5% Rank Company Market share 1 Datev 9.3% 2 Siemens 8.8% 3 T-Systems 4.5% 4 ADP Inc 3.3% 5 Accenture 3.2%
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7. Page Source: Mergermarket and VC-A analysis CLOSED TRANSACTION MULTIPLES IN 2008 2 (2) European deals in IT between €10 and €100m. Outliers have been trimmed P-E Ratio Last 5 years Average Current P-S Ratio 14 – 30 0.75 – 1.6 P-E Ratio Sector European Technology Companies IT Services 7.3 - 30 17 12 17 - 18 1.3 – 1.6 EV / Sales 0.2 – 2.1 0.75 EBIT margin % 9% Enterprise Content Management EV / Support 8,5 EV / Sales 1.7 EBIT margin % 11% P-E Ratio 25.5 P-S Ratio 2.3 Software P-E Ratio 23.6 P-S Ratio 5 0.5 (1) Outliers have been trimmed ; Analysis in 2008 for IT European Deals Sources: PricewaterhouseCoopers, UBS, Regent Associates, VC-A analysis SELECTED INDUSTRY VALUATION METRICS 1 … support complex decisions with deep analysis… FOR ILUSTRATIVE PURPOSES ONLY
