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9/04/02 1 All the power of the newest IT intelligence Full Year report 9th April 2002

All the power of the newest IT intelligence

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All the power of the newest IT intelligence. Full Year report 9th April 2002. Table of contents _________________________________. Statements 2001 Accounts Main events Strategy & outlook. 2001 : A key year... _________________________________. Concentrated on : The merging of teams - PowerPoint PPT Presentation

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Page 1: All the power of the newest IT intelligence

9/04/02 1

All the power of the newest IT intelligence

Full Year report9th April 2002

Page 2: All the power of the newest IT intelligence

2 29/04/2002

Table of contents_________________________________

Statements 2001

Accounts

Main events

Strategy & outlook

Page 3: All the power of the newest IT intelligence

3 39/04/2002

2001 : A key year..._________________________________

Concentrated on :

The merging of teams

Concentrating of skills on core projects

Group structure

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4 49/04/2002

End of year 2001 economic slow down

Restricted IT budgets in leading companies

Binding of IT decision makers

…in a disrupted atmosphere___________________________________

Page 5: All the power of the newest IT intelligence

5 59/04/2002

Table of Contents_________________________________

Statements 2001

Accounts analysed

Main events

Strategy

Page 6: All the power of the newest IT intelligence

6 69/04/2002

Turn-over 2001 : + 15 %___________________________________

1998 1999 2000 2001

14,6819,62

38,59

44,42

0

5

10

15

20

25

30

35

40

45

In millions of euro

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7 79/04/2002

Fragmentation of Turn-over to illustrate percentage according to skills ___________________________________

16,6%

25,0%

21,2%

16,2%

9,2%

8,2%3,6%

Industry

Banking

Services

Insurance

Distribution

Telecom

Others

The firm grounds on which our turn-over

grows

Page 8: All the power of the newest IT intelligence

8 89/04/2002

Fragmentation of turn-over according to skills ___________________________________

13%

10%

71%

6%Technicalassistance

Integration

OperatingTechnicalassistance

Managementsupport

Strong recurrence of turn-over

Page 9: All the power of the newest IT intelligence

9 99/04/2002

Key figures (evolution) _________________________________

en millions d'Euros 2001 2000Variation

en %

Consolidated turn-over 44,42 38,59 15%

Added value 34,15 30,35 13%

Payroll 30,75 25,16 22%

EBE 2,85 4,23 -32%

Goodwill & Provisions 1,30 0,87 49%

Operating income 1,56 3,36 -54%

Consolidated income before tax 0,24 2,60 -91%

(EBE) 6,42% 10,95%

Marge nette (résultat courant avant impôt et exceptionnel)

0,54% 6,74%

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10 109/04/2002

Income_________________________________

In millions of Euro 2001 2000

Operating margin -1,32 -0,75

Income before tax 0,24 2,60

Exeptionnal revenue 2,02 -0,51

Taxation 0,96 0,80

Net income before ammortisation of goodwill

1,29 1,29

Net income -1,23 0,25

Taux du résultat net avant amortissements des écarts d'acquisition

2,92% 3,34%

Page 11: All the power of the newest IT intelligence

11 119/04/2002

2001 : a period of transition________________________________

2001 turn-over subject to– The sudden end of year recession

– A change in group structure Abandon of part of TMA-RMH turn-over following

the merger in May 2000

An operating income that comprises :– Restructuring costs – Reduced working hours

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Assets Liabilities

Simplified statements(M¤) ________________________________

Debt 20,40 24,65

Fixed assets 28,15 30,57

Currant assets 9,23 11,37Less cash

Liquid assets 1,69 2,60

Shareholders equity 4,92 6,61After amortisation of goodwill

Suppliers, 12,06 11,71fiscal & social

Other debts 1,21 0,85

20002001 20002001

Provisions & 0,48 0,72 Minority interests

TOTAL 39,07 44.54 TOTAL 39,07 44,54

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Cash flows for operating activities _______________________________

Cash flows for operating activities 2 031 -104

Cashflows for fully consolidated companies 398 2 263

Net movement in working capital 1 633 -2 367

Cash flows provided by investing activities -480 22 356

Acquisition of assets -495 532Disposal of assets 15 -98

Effect of changes in group structure 0 21 922

Net cash provided/usedby financing activities -1 970 19 770

Dividends paid to parent company shareholders -311 -233

Dividends paid to minority shareholders -21 -16

Increase in share capital 0 66

Acquisition of investment treasury stocks -148 0

Net charge in borrowings 1 268 27 266

Net charge in pay-offs -2 760 -7 313

Change in cash & cash equivalents -419 -2 690

Cash equivalents at beginning of period -83 2 607

Cash equivalents at the end of period -502 -83

2001 2000in thousands of euros

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Contents_________________________________

Statements 2001

Accounts analysed

Main events

Strategy & outlook

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15 159/04/2002

Transfer onto the Euronext Paris restricted market

Complete restructuring of the group

Expanding development

Successful agreements policy

Reducing debt

Main events___________________________________

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A two-step ambitious programme :

Step 1 : acquisition of MCM Partners (02/00) and TMA-RMH (05/00)

UTI doubles in size

Step 2 : group operational

reconstruction UTI, an entirely reconstructed group at the core

of its business

A complete group restructuring ___________________________________

Page 17: All the power of the newest IT intelligence

17 179/04/2002

UTI controls MCM Partners and 12 TMA-RMH

companies

Change in Group’s juridical structure

2000 : Restructuration juridique___________________________________

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18 189/04/2002

MCM Partners Development of the engineering activity accounting for

65% 2001 turn-over, compared to 50% in 2000

TMA-RMH Reorganising agencies according to skill force or

according to technologies Complete integration of TMA-RMH at the heart of the

new agencies Implementing a consolidation commercial policy (new

agreements research, etc.)

2001 : Operational Change in structure ___________________________________

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Systems integration/ Products

Help deskTechnical Assistance

2002 : UTI, a group fit for work

Banking/Insurance

IBM ES9000

Industry/Telecom

SAP, Intranet

Services/Distribution

IBM AS400

–Three couples Technologies/Market–Two new Skill centres

Page 20: All the power of the newest IT intelligence

20 209/04/2002

Developpment & Expansion___________________________________

Luxembourg

Metz

Strasbourg (2001)

Belgium

Paris Brussels (2001)

Germany

Lyon Italy

Switzerland

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42% agreements on our major clients

– An array of valued important clients

– Major projects

– A recurrent turn-over

– A protected market

Successful agreement policy___________________________________

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References

Bouygues Telecom Sogessor

Orange Electrolux

Carrefour CNCA

CGU Canal +

Cetelem Crédit du Nord

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Buy back of just over 22,7 % outstanding discounted convertible bonds (198 766 C.B.)

Pursue the convertible bond-buy back operation (30 000 C.B.)

Decrease debt___________________________________

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24 249/04/2002

Contents_________________________________

Statements for 2001

Accounts analysed

Main events

Strategy & outlook

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A clear vision of strategy

4 main poles :

Long-term

Profit

Proximity

Expansion

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A long term strategy

Since its origins

positioning

–Large size companies

–Widespread projects, major servers

An aim : the core of information systems

Strong technological choices

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A profit-making strategy _________________________________

Increasing margins

– Restructuring efforts

– Defining the evolution of expenses made

by personnel (resource management)

Reducing debt

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28 289/04/2002

A proximity based strategy _________________________________

Expansion (stemming out)

client proximity (reactivity, availability)

Control risk

Page 29: All the power of the newest IT intelligence

29 299/04/2002

A well placed group ___________________________________

Sylis, Teamlog

Team Partners Group. SOGETISpecialized IT

companies

Web Agencies

Micropole

Groupe Cyber

Cross Systems...

Fi System

Europstat

Himalaya….

Cap-GeminiUnilogGFITransiciel...

UUTI

General scope IT companies

Consulting businesses

Arthur AndersenErnst & YoungValtech...

Page 30: All the power of the newest IT intelligence

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A group concentrated on its core-business

A firm financial structure – Aim at decreasing debt– Aim at improving margins

A certain degree of agreements

A strong lever for 2002___________________________________

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A decidedly ambitious...___________________________________

…outlook on development

Become a middle cap by the two years to come

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9/04/02 32

The reference in Information Integrationof Net technologies at the heart of

information systems

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9/04/02 33

ANNEXES

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Quality references ___________________________________

10NSMD-ABN AMRO

39Crédit Mutuel CIC

8GFC-BTP

167Gan

46Crédit Lyonnais

55Carrefour

84AGF

23ElfTotalFina

62BNP Paribas

11France Télécom

2000 Ranking2001 RankingClients

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None of our clients account for more than 7,5 % of our Turn-over

A well balanced client book ___________________________________

2001 2000

Total number of clients

630 > 800

Top 10 clients32% 28%

Top 20 clients45% 40%