We've delivered a strong financial performance in 2021, making significant progress on our new strategic plan.
#SGS #SGSGroup #WeAreSGS #FinancialResults
Get the financial highlights and an overview of our performance per business.
You can view our financial reports here: www.sgs.com/en/Our-Company/Investor-Relations/Financial-Reports
Get the financial highlights and an overview of our performance per business.
You can view our financial reports here: www.sgs.com/en/Our-Company/Investor-Relations/Financial-Reports
Get the financial highlights and an overview of our performance per business.
You can view our financial reports here: https://www.sgs.com/en/Our-Company/Investor-Relations/Financial-Reports.
We delivered a resilient financial performance in H1 during an unprecedented pandemic.
In the Next Normal, our commitment to enabling a better, safer and more interconnected world has become even more relevant.
You can view our financial reports here: www.sgs.com/en/our-company/investor-relations/financial-reports
Get the financial highlights and an overview of our performance per business. You can view our financial reports here: www.sgs.com/en/our-company/investor-relations/reports-and-presentations
Get the financial highlights and an overview of our performance per business.
You can view our financial reports here: www.sgs.com/en/Our-Company/Investor-Relations/Financial-Reports
Get the financial highlights and an overview of our performance per business.
You can view our financial reports here: www.sgs.com/en/Our-Company/Investor-Relations/Financial-Reports
Get the financial highlights and an overview of our performance per business.
You can view our financial reports here: https://www.sgs.com/en/Our-Company/Investor-Relations/Financial-Reports.
We delivered a resilient financial performance in H1 during an unprecedented pandemic.
In the Next Normal, our commitment to enabling a better, safer and more interconnected world has become even more relevant.
You can view our financial reports here: www.sgs.com/en/our-company/investor-relations/financial-reports
Get the financial highlights and an overview of our performance per business. You can view our financial reports here: www.sgs.com/en/our-company/investor-relations/reports-and-presentations
Management presentation from Thermal Energy International's 2020 Annual General Meeting of Shareholders. Provides a summary of the results of phases 1 & 2 of the Company's strategic plan; our efforts to mitigate the impacts of the COVID-19 global pandemic; highlights our digital transformation initiatives; and reviews our fiscal 2020 year-end and fiscal 2021 First Quarter financial results.
Klöckner & Co SE - HY 1 2014 Results - Analysts' and Investors' Conference Klöckner & Co SE
Charts accompanying the HY 1 2014 Results Analysts' and Investors' Conference on August 7, 2014
Press Release: http://www.kloeckner.com/en/media/press-releases-5057.php
SGS 2022 Full Year Results Alternative Performance Measures ReportSGS
This document presents and defines the Group’s alternative performance measures (APMs), not defined by IFRS which are used
to evaluate financial and operational performance. Where relevant, a reconciliation to the information included in our IFRS consolidated
financial statements is presented. Management deems these performance measures as a useful source of information when taking
strategic decisions and managing the operations. These APMs are disclosed in the annual report, the half year report and other external
communications to investors, as well as available under: www.sgs.com/en/our-company/investor-relations/reports-and-presentations
Management presentation from Thermal Energy International's 2020 Annual General Meeting of Shareholders. Provides a summary of the results of phases 1 & 2 of the Company's strategic plan; our efforts to mitigate the impacts of the COVID-19 global pandemic; highlights our digital transformation initiatives; and reviews our fiscal 2020 year-end and fiscal 2021 First Quarter financial results.
Klöckner & Co SE - HY 1 2014 Results - Analysts' and Investors' Conference Klöckner & Co SE
Charts accompanying the HY 1 2014 Results Analysts' and Investors' Conference on August 7, 2014
Press Release: http://www.kloeckner.com/en/media/press-releases-5057.php
SGS 2022 Full Year Results Alternative Performance Measures ReportSGS
This document presents and defines the Group’s alternative performance measures (APMs), not defined by IFRS which are used
to evaluate financial and operational performance. Where relevant, a reconciliation to the information included in our IFRS consolidated
financial statements is presented. Management deems these performance measures as a useful source of information when taking
strategic decisions and managing the operations. These APMs are disclosed in the annual report, the half year report and other external
communications to investors, as well as available under: www.sgs.com/en/our-company/investor-relations/reports-and-presentations
A process that allows multiple private and public organizations to lower their debt and improve their financial deficit by the means of asset transfer, equity exchange or increased payment time is known as debt restructuring. The following presentation provides an overview of the entire process of debt restructuring and how an organization can use it as tool to lower the debt. Initially this presentation provides an overview of the organization, its services and financial performance. These financial parameters can be revenues, gross profit, net profit and earning per share. Once the overview is provided the following the organization then needs to perform an in depth analysis of its current financial performance Multiple key aspect of the performance are covered such as the Income Statement, balance sheet, cash flow statement and other key ratios are captured. These ratios can be Price to Earning Ratio, Stock Turnover Ratio, Account Receivable Ratio, Creditor Turnover Ratio, Return on Equity and Account Payable Ratio. Once the financial performance is analyzed multiple options that can help the organization to recover from their debts are considered. These methods can be Merger and Acquisition, Debt Restructuring, Financial Restructuring and Bankruptcy. After Identifying multiple methods, a comparative analysis of these options is performed. After careful analysis debt restructuring is chosen to be the best option for the organization. After choosing debt restructuring as an option the organization initially studies the entire process of the same. The organization first goes through stabilization phase in which various pain points of the organization are identified and existing debt are reviewed. After that in preparation stage multiple regulatory requirements are identified and communication method for shareholder are considered. In the final stage Implementation, the actual process of debt restructuring begins as three major ways of debt restructuring transfer of Asset, Exchange of equity and Increase in payment time are studied. In the end multiple risk associated to debt restructuring are evaluated and mitigation strategies for the same are considered. The impact of debt restructuring is also evaluated and multiple KPIs Key performance indicators are decided to study the overall effect of debt restructuring. https://bit.ly/2NBhd1T
For this assignment, you will complete the Financial Overview compon.docxzebadiahsummers
For this assignment, you will complete the Financial Overview component of your course project. To complete this assignment, use the Financial Analysis Toolkit Excel file, provided in the Resources, to complete a financial analysis of your chosen company (Apple Inc,) over the last two most recent years available in annual reports. Replace the numbers provided in the Excel file with the appropriate numbers for your firm. Then, write a 2–3 page financial analysis of your company, addressing the following elements:
Identify your company, its industry, and analyze the important segments (percentage of sales or subsidiaries) of your company compared to its industry and its overall business.
Perform a complete financial analysis of your chosen company's financial statements—horizontal, vertical (Percentage of Sales and Common-Size), and changes in ratios—for the last two years.
Compare all ratios to industry averages. Evaluate the company's ratios against the industry averages.
Explain the significance of the company's ratios when compared to industry averages.
Analyze the company's cash flows.
Assess the overall financial health of your company based on this financial analysis.
A great way to integrate your completed calculations from your Excel sheet into your written analysis is to paste pieces of the worksheet directly into your Word document. You are also encouraged to create graphs or charts from the data that may illustrate your analyses as well.
Tool Kit for Analysis of Financial Statements
Financial statements are analyzed by calculating certain key ratios and then comparing them with the ratios of other firms and by examining the trends in ratios over time.
We can also combine ratios to make the analysis more revealing, those indicated below are exceptionally useful for this type of analysis.
RATIO ANALYSIS (Section 3.1)
*NVIDIA Fiscal Years starts and ends on Jan 31, such that FY13 represents Jan 31,2012 to Jan31, 2013
Input Data:
2013
2012
Year-end common stock price
$12.26
$13.86
Year-end shares outstanding (in thousands)
616,756
612,191
Tax rate
15%
12%
After-tax cost of capital
Lease payments (in thousands)
$18,998
$21,439
Required sinking fund payments
$0
$0
Balance Sheets
(in thousands of dollars)
Assets
2013
2012
Cash and equivalents
$906,223
$767,218
* Added to cash and quivalents prepaid expense and deferred income taxes
Short-term investments
$2,995,097
$2,461,700
2013
2012
Accounts receivable
$454,252
$336,143
69,701
49,411
prepaid expenses and other
Inventories
$419,686
$340,297
103,736
49,931
deferred income taxes
Total current assets
$4,775,258
$3,905,358
Net plant and equipment
$1,636,987
$1,647,570
* In addition to equpment also includes goodwill, intangible assets, and other assets
Total assets
$6,412,245
$5,552,928
2013
2012
641,030
641,030
goodwill
.
Similar to SGS 2021 Full Year Results Alternative Performance Measures (20)
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Discover our Corporate Sustainability report to get an overview of how we contribute to sustainability, demonstrated by case studies from our operations and services, and a summary of performance.
We've delivered a strong financial performance in 2021, making significant progress on our new strategic plan.
#SGS #SGSGroup #WeAreSGS #FinancialResults
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Discussion with three experts on safe construction.
First recycled content declarations for manufacturers.
Get the financial highlights and an overview of our performance per business. You can view our financial reports here: www.sgs.com/en/our-company/investor-relations/reports-and-presentations
A strong performance in 2020 confirms our strategic evolution.
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The SGS INTRON Bulletin highlights interesting activities, customer stories, industry developments and regulations in the building materials and building processes market. In this September 2020 issue you'll learn about:
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Collective Mining | Corporate Presentation - May 2024
SGS 2021 Full Year Results Alternative Performance Measures
1. Appendix to the 2021
Full Year Results
1
2021 Full Year
Alternative
Performance
Measures
2. Appendix to the 2021
Full Year Results
2
SGS | 2021 Full Year Alternative Performance Measures
3. Appendix to the 2021
Full Year Results
3
The following document presents and defines the Group’s alternative performance measures (APMs), not defined by IFRS which are used
to evaluate financial and operational performance. Where relevant, a reconciliation to the information included in our IFRS consolidated
financial statements is presented. Management deems these performance measures as a useful source of information when taking
strategic decisions and managing the operations. These APMs are disclosed in the annual report, the half year report and other external
communications to investors, as well as available under:
www.sgs.com/en/our-company/investor-relations/reports-and-presentations
Constant currency (CCY)
Prior period comparatives are presented at historical and constant currency, in order to assess the period over period evolution of
financial indicators without the currency impact. SGS applies current period average exchange rates to prior period numbers, to present
comparable figures.
Organic revenue growth (Organic)
Organic revenue growth is used by management to evaluate the evolution of existing operations, excluding the impact of business
acquisitions, divestments and currency fluctuations. This provides a ‘like-for-like’ comparison with the previous period in constant scope and
constant currency, enabling deeper understanding of the business dynamics which contributed to the evolution of revenue and adjusted
operating income from one period to another.
For the purpose of calculating the organic revenue: the results from acquisitions are excluded for the 12 months following the date of a
business combination, while results generated by a divested unit are excluded for the 12 months prior to the divestiture; the effect of
changes in foreign exchange rates is calculated as the current year revenue converted at the current year’s average exchange rates, less the
prior period revenue converted at the current year’s exchange rates; organic revenue is then divided by the prior period revenue at constant
currency in order to derive the percentage growth.
A numerical reconciliation of this APM is included below:
(CHF million)
Revenue December 2020 5 604
Currency impact 3
Revenue December 2020 CCY1
5 607
Growth in value and in % at CCY1
Organic 498 8.9%
Acquisitions 302 5.3%
Disposals (2) 0.0%
Revenue December 2021 6 405 14.2%
1.
Constant currency (CCY).
Adjusted operating income (AOI)
The adjusted operating income that is disclosed in our financial highlights and our segment disclosures in Note 4 of our condensed
consolidated financial statements is provided to assess the underlying financial and operational performance of the Group by business line
excluding the influence of items not directly attributable to operational performance. Adjusted operating income represents the income
from operations excluding:
• Amortization and impairment expenses on intangibles arising as a result of acquisitions
• Impairment expenses on goodwill
• Restructuring costs including impairment charges arising from the execution of restructuring plans
• Gains and losses from sale of businesses
• Acquisition and divestment-related expenses including integration costs
• Other non-recurring items which may include non-operational items such as certain regulatory, compliance and legal costs and certain
asset write-downs/impairments.
Appendix to the 2021 Full Year Results
For the period ended 31 December 2021
SGS | 2021 Full Year Alternative Performance Measures
4. Appendix to the 2021
Full Year Results
4
(CHF million) December 2021 December 2020
Operating income 977 795
Amortization and impairment of acquired intangibles 39 31
Restructuring costs 15 84
Goodwill impairment – 37
Gain on business disposals – (63)
Transaction and integration costs 24 16
Adjusted operating income 1 055 900
Adjusted operating income margin (AOI margin)
The adjusted operating income margin is the adjusted operating income as a percentage of revenue.
(CHF million) December 2021 December 2020 December 2020 CCY
Adjusted operating income 1 055 900 903
Revenue 6 405 5 604 5 607
Adjusted operating income margin 16.5% 16.1% 16.1%
Earnings before interest, tax, depreciation and amortization (EBITDA)
EBITDA is an important performance measure as it depicts the underlying performance of the Group before tax and excluding non-cash
charges of depreciation and amortization. It is a measure commonly used by the investment community.
EBITDA is defined as operating income before depreciation, amortization and impairment.
(CHF million) December 2021 December 2020 December 2020 CCY
Operating income 977 795 799
Depreciation, amortization and impairment 499 517 519
EBITDA 1 476 1 312 1 318
Adjusted earnings before interest, tax, depreciation and amortization (adjusted EBITDA)
Adjusted EBITDA is the EBITDA adjusted for non-recurring items and those adjustments made for adjusted operating income as
defined above.
(CHF million) December 2021 December 2020 December 2020 CCY1
Operating income 977 795 799
Depreciation, amortization and impairment 499 517 519
EBITDA 1 476 1 312 1 318
Restructuring costs1
15 59 59
Gain on business disposals – (63) (63)
Transaction and integration costs 24 16 15
Adjusted EBITDA 1 515 1 324 1 329
1.
Restructuring costs excluding impairment of fixed and intangible assets.
SGS | 2021 Full Year Alternative Performance Measures
5. Appendix to the 2021
Full Year Results
5
Adjusted profit attributable to shareholders
Adjusted profit attributable to equity holders of SGS SA is the profit attributable to equity holders excluding:
• Amortization and impairment expenses on intangibles arising as a result of acquisitions
• Impairment expenses on goodwill
• Restructuring costs which consist of restructuring costs including impairment charges arising from the implementation
of restructuring plans
• Gains and losses from sale of businesses
• Acquisition and divestment-related expenses including integration costs
• Other non-recurring items may include non-operational items such as certain regulatory, compliance and legal costs,
certain asset write-downs/impairments
• The tax effect of all the elements mentioned above
• The non-controlling interests’ effect of all the elements mentioned above except for the impairment of goodwill
(CHF million) December 2021 December 2020
Profit attributable to equity holder of SGS SA 613 480
Amortization and impairment of acquired intangibles 39 31
Restructuring costs 15 84
Goodwill impairment – 37
Gain on business disposals – (63)
Transaction and integration costs 24 16
Tax impact (17) (4)
Portion attributable to non-controlling interests (4) (16)
Adjusted profit attributable to equity holders of SGS SA 670 565
Adjusted basic earnings per share (adjusted basic EPS)
While basic EPS reflects the earnings from operations for each share of SGS SA, adjusted basic EPS is the ‘adjusted profit attributable
to equity holders’ (see above) divided by the average number of shares outstanding during the reporting period.
(CHF million) December 2021 December 2020
Adjusted profit attributable to equity holders of SGS SA 670 565
Weighted average number of shares (‘000) 7 488 7 489
Adjusted basic earnings per share (CHF) 89.46 75.44
Adjusted diluted earnings per share (adjusted diluted EPS)
While basic EPS reflects the earnings from operations for each share of SGS SA, adjusted diluted EPS is the ‘adjusted profit attributable to
equity holders’ (see above) divided by the diluted weighted average number of shares outstanding during the reporting period.
(CHF million) December 2021 December 2020
Adjusted profit attributable to equity holders of SGS SA 670 565
Weighted average number of shares (‘000) 7 488 7 489
Number of dilutive shares (‘000) 12 27
Adjusted dilutive earnings per share (CHF) 89.32 75.17
SGS | 2021 Full Year Alternative Performance Measures
6. Appendix to the 2021
Full Year Results
6
Free cash flow (FCF)
The free cash flow is deemed an important measure by management as it shows the ability to generate cash after the investment in
assets necessary to support the existing operating activities. SGS defines the free cash flow as cash from operating activities net of capital
expenditure. It is calculated as follows based on amounts disclosed in the consolidated statements of cash flow.
(CHF million) December 2021 December 2020
Cash flow from operating activities 1 169 1 186
Purchase of property, plant and equipment and Other intangible assets (336) (259)
Disposal of property, plant and equipment and Other intangible assets 5 13
Operating lease outflows (203) (182)
Free cash flow 635 758
Operating net working capital (ONWC) as a percentage of revenues
Operating net working capital is one of the performance measures used by senior management and analyzed internally by each division.
It excludes tax-related assets and liabilities as well as restructuring and group provisions.
ONWC is calculated based on the end of period balance sheet positions and is divided by revenue for the last 12 months preceding the
reporting date.
The ratio is compared to prior period at historical currency.
(CHF million) December 2021 December 2020
Revenue for the last 12 months 6 405 5 604
Operating net working capital (154) (138)
Assets (ONWC): 1 246 1 148
Inventories 59 57
Unbilled revenues and work in progress 175 160
Trade receivables 928 856
Other operating receivables 84 75
Liabilities (ONWC): 1 400 1 286
Trade payables 368 322
Contract liabilities 221 189
Other creditors and accruals 595 551
Other operating payables 216 224
Operating net working capital in % of revenue (2.4%) (2.5%)
SGS | 2021 Full Year Alternative Performance Measures
7. Appendix to the 2021
Full Year Results
7
Return on invested capital (ROIC)
Return on invested capital is a measure of performance that combines profitability and capital efficiency. Management is closely following
this KPI in order to evaluate capital allocation.
ROIC=
Profit for the last 12 months
(Non-current assets excluding right-of-use assets + net working capital) as at end of period
The return on invested capital is calculated as follows, and amounts can be reconciled to the consolidated statements of financial position as
well as the consolidated income statements:
(CHF million) December 2021 December 2020
SYNLAB Analytics
Services (AS)
December 2020 excl. AS
acquisition
Profit for the last 12 months 655 505 505
Non-current assets 3 448 3 205 627 2 578
Non-current assets 4 053 3 795 659 3 136
Right-of-use assets (605) (590) (32) (558)
Net working capital (100) (153) 6 (159)
Assets 1 463 1 330 54 1 276
Inventories 59 57 4 53
Unbilled revenues and
work in progress
175 160 – 160
Trade receivables 928 856 31 825
Current tax assets 108 77 1 76
Other receivables and
prepayments
204 188 18 170
Less derivative assets (11) (8) – (8)
Liabilities 1 563 1 483 48 1 435
Trade payables 368 322 36 286
Other payables 319 336 – 336
Provisions 60 85 – 85
Contract liabilities 221 189 3 186
Other creditors and accruals 595 551 9 542
ROIC 19.6% 16.5% 20.9%
On 31 December 2020, the Group has made a significant acquisition, SYNLAB Analytics Services, adding a total of CHF 627 million
of non-current assets to its consolidated statements of financial position. As this acquisition did not have any impact on the Group’s profit
for the last 12 months, ROIC excluding SYNLAB Analytics Services is also disclosed separately for December 2020.
Net debt
Net debt represents the net level of financial debt contracted by SGS with external parties excluding lease liabilities. Net debt is defined
as cash and marketable securities less loans and other financial liabilities.
Amounts can be found in the condensed consolidated balance sheet and the computation is as follows:
(CHF million) December 2021 December 2020
Cash and marketable securities 1 480 1 775
Marketable securities – 9
Cash and cash equivalents 1 480 1 766
Loans and Other financial liabilities 3 171 3 253
Non-current loans and other financial liabilities 2 889 2 390
Current loans and other financial liabilities 282 863
Net debt 1 691 1 478
SGS | 2021 Full Year Alternative Performance Measures
8. SGS is a registered trademark of
SGS Société Générale de Surveillance SA