ODDO BHF FORUM & 12 January - Lyon

Transcription

1 ODDO BHF FORUM & 12 January - Lyon PHILIPPE CHEVALLIER CFO & Deputy CEO 1

2 ODDO BHF FORUM 2018 Disclaimer This presentation includes forward-looking statements, which, by their very nature, involve inherent risks and uncertainties. These statements concern future financial performance and other risks relating to Assystem's results, levels of business, performance, and objectives. Actual results could therefore differ significantly from those currently anticipated. Assystem considers that such statements are based on reasonable assumptions, but cannot and does not give any assurance that future results, levels of business, performance or achievements will be consistent with those statements. The above-mentioned risks include: trends in Assystem's markets; increased competition in these markets; the profitability of Assystem's expansion strategy; challenges to or loss of its intellectual property rights; its ability to establish and maintain strategic relationships in its major businesses; its ability to develop and take advantage of new software and services; and the effect of future acquisitions and investments on the Assystem share price. Due to the uncertain nature of these forward-looking statements, the reader is advised that they do not constitute a guarantee by the Company or by any other person as to the achievement of Assystem's goals and projects. Neither the Company nor any other person assumes any liability for the accuracy or completeness of these statements, which apply solely to this presentation. 2

3 3 ASSYSTEM IN 2017: STRATEGIC RECONFIGURATION

4 STRATEGIC RECONFIGURATION Strategic movements in 2017 Transfer of control of Global Product Solutions Creation of Assystem Technologies 60.8% owned by Ardian and 39.2% by Assystem Objectives: speed up the expansion of GPS and participate to value creation Acquisition of a stake in Framatome Acquisition of a 5% stake for 124 million (1) Objectives: strengthen Assystem s existing partnerships with EDF and other nuclear players and capitalise on attractive investment conditions Share buyback offer Launch of a share buyback offer for 225 million Objective: allocate to the Company s shareholders a portion of the proceeds from the transfer of control of GPS (1) Provisional purchase price, subject to certain contractual adjustments. 4

5 STRATEGIC RECONFIGURATION The new Assystem 100% 5% 39% ENERGY & INFRASTRUCTURE FRAMATOME ASSYSTEM TECHNOLOGIES accounted for by the equity method 100% STAFFING 5

6 STRATEGIC RECONFIGURATION Two acquisitions for Energy & Infrastucture in 2017 The Biotech Quality Group Reinforcement in the Life Science sector ( 11m in turnover people) Client portfolio, geographical presence (Belgium, France and Switzerland) and complementary skills New unique offering at all stage of a drug s life cycle (commissioning, qualification, validation, regulatory compliance and performance) Euro Contrôle Projet Reinforcement in PMO (Project Management Office) ( 21m in turnover people) Diverse portfolio of clients and widerange of sectors(defence, nuclear, transportation, oil& gasand chemicals) Leadership in PMO covering the entirerange of services (planning and costoptimisation as wellas risk, contractand qualitymanagement) Assystemin the Life Sciences sector: Assystem in PMO: 400 engineers, pharmacistsand academics > 40m in revenue in ingénieurs spécialisés 30m in revenue in

7 Update on the participation in the financingof Assystem Technologies' takeover bid on SQS December 15, 2017: announcement of a takeover bid project on Software Quality Systems AG (SQS) by a subsidiary of Assystem Technologies SQS is listed on the London Stock Exchange Alternative Investment Market Assystem will participate in a potential equityraisecarriedout by Assystem Technologies Groupe to finance the acquisition of SQS for a total of up to million (1) Assystem s contribution to this financing would be fundedthroughcreditfacilitiesset up withthe Company s banks in addition to its existing facilities so that it can continue to have the available resources it needsto ensurethe developmentof Assystem Energy & Infrastructure 7 (1) Assystem s participation would be implemented through the subscription by Assystem to an increase in the share capital of Assystem Technologies (representing 50% of the amount of Assystem s investment) and to the issuance of convertible bonds by Assystem Technologies (representing the other 50% of the amount of Assystem s investment).

8 FOCUS ON ASSYSTEM ENERGY & INFRASTRUCTURE: A NEW GROWTH PROFILE 8

9 ASSYSTEM E&I: A NEW GROWTH PROFILE Assystem Energy & Infrastructure at a glance Independent engineering specialist focused on: Over 50years experience International presence Belgium France India Malaysia Morocco Nigeria Qatar Romania Russia Saudi Arabia Singapore Switzerland Turkey United Arab Emirates United Kingdom Partnering public authorities, operators and industrialists in managing and engineering their capital expenditure projects Complex projects subject to significant safety and regulatory constraints Mastering state-of-the-art engineering digital tools 58% Revenue by sector 4,000 employees 316m in revenue in % 10% 7% 4% 4% 3% NUCLEAR ENERGY BUILDING INFRA LIFE SCIENCES OIL & GAS INDUSTRY OTHER 9

10 ASSYSTEM E&I: A NEW GROWTH PROFILE A targeted strategy Nuclear the strategic cornerstone: Deep offering for nuclear engineering Strong international positioning High demand for nuclear engineering: need for maintenance, construction of new nuclear power plants, and dismantling operations Capitalise on this expertise to target high-growth sectors: Life Sciences and Transport New projects and management of existing infrastructure 10

11 ASSYSTEM E&I: A NEW GROWTH PROFILE Assystem: a vector for the digital and energy revolutions The growing demand for electricity and digitisation are major challenges for our clients in the fields of: Energy Production and transport Infrastructure Everyday life and work Mobility Assystem offers three service lines: Engineering Operating performance Safety and security By drawing on two dedicated cross-business technical supports: Project management 1 2 and Critical systems integration and maintenance 11

12 ASSYSTEM E&I: A NEW GROWTH PROFILE Our strengths ONE OF THE WORLD s TOP 3 NUCLEAR ENGINEERING FIRMS 50 YEARS EXPERIENCE IN COMMISSIONING AND MAINTAINING NUCLEAR POWER PLANTS IN FRANCE AND THE UK ETHICS, SECURITY & HSE AT THE HEART OF OUR BUSINESS GUARANTEED DELIVERY WITH SCHEDULES AND BUDGETS RESPECTED LONG-STANDING EXPERIENCE IN MANAGING COMPLEX PROJECTS AND SAFETY & CONTROL SYSTEMS IN-DEPTH KNOWLEDGE OF OUR INDUSTRIAL CLIENTS BUSINESSES TECHNOLOGICAL INDEPENDENCE Major client references: AREVA CEA EDF GSK RATP RENAULT NISSAN ROLLS ROYCE ROSATOM SANOFI SAUDI ARAMCO SAUDI ROYAL COMMISSION SNCF TOTAL 12

13 ASSYSTEM E&I: A NEW GROWTH PROFILE Our roadmap GEOGRAPHIC EXPANSION NUCLEAR Partnering EDF worldwide (India, Turkey etc.) Partnering new entrants (ENEC and EUAS in Turkey, Kacare in Saudi Arabia) Strengthen our positioning in the UK Enter the German market (decommissioning) ET&I (1) Strengthen our positions in France Roll out our offerings to Germany Grow our market share in Belgium, Switzerland and the Middle East CLIENT AND SECTOR FOCUS Broaden the services offered to existing clients (EPC, digital etc.) Develop partnerships with large international nuclear companies (Rosatom, MHI etc.) Grow our transport infrastructure business (automation & systems) And life sciences DIVERSIFYING OFFERINGS Deploy existing services (STEMA) Develop new solutions Switch from a PMC* to PMS** approach Develop new technological solutions (1) Energy Transition & Infrastructures *PMC: Project management consultancy / **PMS: Project management support 13

14 14 APPENDIX

15 ODDO BHF FORUM 2018 Revenue for the nine months ended 30 September 2017 Consolidated revenue In millions of euros 2016* 2017 Total y-on-y change Organic y-on-y change** 9 months % +4.9% Energy & Infrastructure % +8.1% Staffing % -14.0% Other Organic growth of 8.2% excluding the impact of the decrease in Staffing revenue Organic growth of 9.5% in the Nuclear sector and 6% for ET&I Assystem Technologies 9 months % 12.8% 15 Organic growth of 11.8% in the Aerospace sector (revenue of 281.8m) Organic growth of 23.9% in the Automotive sector (revenue of 174.6m) * Restated to facilitate year-on-year comparisons. ** Based on a comparable scope of consolidation and constant exchange rates.

16 Assystem s ownership structure at 29 December 2017 Euronext Paris Compartment B FR Mid-caps deferred settlement service (SRD) Indices: CAC All-Shares CAC Industrials CAC Support Services Next 150 HDL Development Free float 35.19% Treasury shares 61.56% (1) 3.25% Market capitalisation: 468m (share price: 29.92) Number of shares: O/w treasury shares: % of shares (1) Including 0.22% held by HDL, the controlling shareholder of HDL Development 16

17 ODDO BHF FORUM financial calendar 7 February: 19 March: 26 April: 16 May: 26 July: 10 September: 8 November: Press release for 2017 annual revenue Press release for 2017 annual results Presentation meeting on 20 March at 8.30 a.m. Press release for first-quarter 2018 revenue Annual General Meeting Press release for first-half 2018 revenue Press release for first-half 2018 results Presentation meeting on 11 September at 8.30 a.m. Press release for third-quarter 2018 revenue 17