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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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9/04/02 1
All the power of the newest IT intelligence
Full Year report9th April 2002
2 29/04/2002
Table of contents_________________________________
Statements 2001
Accounts
Main events
Strategy & outlook
3 39/04/2002
2001 : A key year..._________________________________
Concentrated on :
The merging of teams
Concentrating of skills on core projects
Group structure
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___________________________________
5 59/04/2002
Table of Contents_________________________________
Statements 2001
Accounts analysed
Main events
Strategy
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
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
8 89/04/2002
Fragmentation of turn-over according to skills ___________________________________
13%
10%
71%
6%Technicalassistance
Integration
OperatingTechnicalassistance
Managementsupport
Strong recurrence of turn-over
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%
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%
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
12 129/04/2002
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
13 139/04/2002
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
14 149/04/2002
Contents_________________________________
Statements 2001
Accounts analysed
Main events
Strategy & outlook
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___________________________________
16 169/04/2002
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 ___________________________________
17 179/04/2002
UTI controls MCM Partners and 12 TMA-RMH
companies
Change in Group’s juridical structure
2000 : Restructuration juridique___________________________________
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 ___________________________________
19 199/04/2002
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
20 209/04/2002
Developpment & Expansion___________________________________
Luxembourg
Metz
Strasbourg (2001)
Belgium
Paris Brussels (2001)
Germany
Lyon Italy
Switzerland
21 219/04/2002
42% agreements on our major clients
– An array of valued important clients
– Major projects
– A recurrent turn-over
– A protected market
Successful agreement policy___________________________________
22 229/04/2002
References
Bouygues Telecom Sogessor
Orange Electrolux
Carrefour CNCA
CGU Canal +
Cetelem Crédit du Nord
23 239/04/2002
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___________________________________
24 249/04/2002
Contents_________________________________
Statements for 2001
Accounts analysed
Main events
Strategy & outlook
25 259/04/2002
A clear vision of strategy
4 main poles :
Long-term
Profit
Proximity
Expansion
26 269/04/2002
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
27 279/04/2002
A profit-making strategy _________________________________
Increasing margins
– Restructuring efforts
– Defining the evolution of expenses made
by personnel (resource management)
Reducing debt
28 289/04/2002
A proximity based strategy _________________________________
Expansion (stemming out)
client proximity (reactivity, availability)
Control risk
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...
30 309/04/2002
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___________________________________
31 319/04/2002
A decidedly ambitious...___________________________________
…outlook on development
Become a middle cap by the two years to come
9/04/02 32
The reference in Information Integrationof Net technologies at the heart of
information systems
9/04/02 33
ANNEXES
34 349/04/2002
Quality references ___________________________________
10NSMD-ABN AMRO
39Crédit Mutuel CIC
8GFC-BTP
167Gan
46Crédit Lyonnais
55Carrefour
84AGF
23ElfTotalFina
62BNP Paribas
11France Télécom
2000 Ranking2001 RankingClients
35 359/04/2002
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%