Download the presentation

FIRST QUARTER
FISCAL 2015 RESULTS
January 28, 2015
© CGI Group Inc. CONFIDENTIAL
FORWARD-LOOKING STATEMENTS
Our presentations contain certain “forward-looking” statements. These statements are
based on management’s current expectations and opinions, and are therefore subject to
uncertainty and changes in circumstances. Actual results may vary materially from
management’s expectations and opinions. You are cautioned not to place undue reliance
on any forward-looking statements as a prediction of actual results.
For a review of risk factors, please refer to our Management’s Discussion & Analysis
contained in our fiscal 2015 First Quarter Report, filed with Securities Regulators in
Canada and available at www.sedar.com and with the United States Securities and
Exchange Commission at www.sec.gov. Except as required by law, CGI does not
undertake to update or alter its forward-looking statements, whether as a result of new
information, future events, or otherwise. Please refer to the “Investors” section of CGI’s
web site at www.cgi.com to consult disclosure documents used by management when
discussing CGI’s financial results with investors and analysts.
All amounts are in Canadian dollars unless indicated otherwise.
2
MICHAEL E.
ROACH
FRANÇOIS
BOULANGER
President and
Chief Executive Officer
Executive Vice-President and
Chief Financial Officer
3
Q1 F2015 RESULTS
EARNINGS EXPAND BY 24% AND BACKLOG EXCEEDS $20 BILLION
vs Q1 F2014
Revenue
$2.5B
-4%
Bookings
$4.3B
53%
Adjusted EBIT
$344M
14%
Net earnings
$236M
24%
Diluted EPS
$0.74
23%
$339M
412%
Cash Flow from Operations
4
Q1 F2015: BOOKINGS DISTRIBUTION
TRAILING TWELVE MONTH BOOK-TO-BILL OF 112%
E
B
B
D
D
C
A
B
B
By Contract Type
A.
B.
Extensions and
renewals
78%
New business 22%
By Service Type
A.
B.
Management of IT &
business functions
(outsourcing)
70%
Systems integration
and consulting
30%
By Segment
A.
B.
C.
D.
E.
F.
G.
5
Canada
NSESA
U.S.
U.K.
CEE
France
Asia Pacific
E
A
C
A
A
FG
52%
13%
11%
8%
8%
7%
1%
By Vertical Markets
A.
B.
C.
A.
B.
Telecommunications
& utilities
54%
Government
16%
Manufacturing,
retail & distribution 14%
Financial services 14%
Health
2%
Q1 F2015: REVENUE DISTRIBUTION
GLOBAL REVENUE OF $2.5 BILLION
E
G
A
D
F
B
A
i.
E
B
C
By Service Type
B.
C
B
D
ii.
A.
A
By Client Geography
Management of IT and
business functions
(outsourcing)
52%
A.
i. IT services 43%
ii. BPS
9%
Systems integration
and consulting
48%
D.
B.
C.
E.
F.
G.
U.S.
Canada
U.K.
France
Sweden
Finland
Rest of the world
6
27%
15%
13%
13%
9%
7%
16%
By Vertical Markets
A.
B.
A.
B.
A.
Government
Manufacturing,
retail & distribution
Financial services
Telecommunications
& utilities
Health
34%
24%
19%
15%
8%
Q1 F2015: IMPROVING PROFITABILITY Y-O-Y
ADJUSTED EBIT* UP 14%; MARGIN UP BY 200 BASIS POINTS
In millions
Adjusted EBIT Margin
$600
$550
12.7%
$500
$450
$400
12.6%
$261.6
$313.4
14%
12%
10.4%
$291.2
13.5%
12.8%
11.5%
11.3%
$350
$300
16%
14.9%
$341.5
$342.2
$370.2
$344.0
$302.9
10%
8%
$250
6%
$200
4%
$150
$100
2%
$50
$0
0%
Q2 F2013 Q3 F2013 Q4 F2013 Q1 F2014 Q2 F2014 Q3 F2014 Q4 F2014 Q1 F2015
*: Adjusted EBIT is a measure for which we provide the reconciliation to its closest IFRS measure in the MD&A.
7
Q1 F2015: EPS INCREASED BY 23% Y-O-Y
$1.00
Net Margin GAAP
$0.90
8.5%
$0.80
5.7%
4.5%
$0.30
9%
$0.71
$0.74
$0.67
7%
6%
$0.60
$0.56
$0.40
8.6%
10%
8%
$0.73
$0.60
8.4%
7.2%
6.9%
$0.70
$0.50
9.3%
Diluted EPS GAAP
5%
4%
$0.44
$0.36
3%
$0.20
2%
$0.10
1%
$0.00
0%
Q2 F2013
Q3 F2013
Q4 F2013
Q1 F2014
8
Q2 F2014
Q3 F2014
Q4 F2014
Q1 F2015
CASH FROM OPERATIONS
EXCLUDING INTEGRATION-RELATED CASH DISBURSEMENTS
FOR FIRST QUARTER 2015
$360 million
14.2% of revenue
$1.13 per diluted share
FOR TRAILING TWELVE MONTHS
$1.6 Billion
15.1% of revenue
$4.94 per diluted share
9
Q1 F2015: ROE AND ROIC*
BACK TO PRE-ACQUISITION LEVEL
25%
Logica integration
ROE
ROIC
20%
15%
10%
5%
0%
* ROE and ROIC are measures for which we provide definitions and details in the MD&A.
10
AVERAGE APPRECIATION OF 19% PER YEAR
OVER THE LAST 28 YEARS
$100 invested in 1986
$11,765
$990
GIB.A
TSX
Return based on GIB.A initial public offering price of 0.41$ (split adjusted) and closing price on January 26 2015 at $48.23. TSX reflects
the total return index over the same period. Source: Nasdaq OMX
11
Q1 F2015
Supplemental Financial Information
Q1 F2015: GEOGRAPHIC BREAKDOWN
WELL BALANCED AND DIVERSIFIED
Adjusted EBIT: $344M
Margin: 13.5%
Revenue: $2.5B
4%
6%
7%
10%
26%
28%
U.S.
Canada
12%
10%
NSESA
France
U.K.
13%
15%
12%
CEE
Asia Pacific
14%
20%
13
23%
Q1 F2015: CASH FLOW FROM OPERATIONS
In millions
$1 600
TTM Cash Flow from Operations (CFO)
16%
TTM CFO (% of revenue)
$1 400
14%
$1 200
12%
$1 000
10%
$800
8%
$600
6%
$400
4%
$200
2%
$0
0%
14
SHARE BUYBACK PROGRAM RENEWAL
Potential to purchase
and cancel
up to 19.05 million shares
15
LTM CASH FLOW FROM OPERATIONS
Q2 F2014
Q3 F2014
Q4 F2014
Q1 F2015
LTM
230,851
225,094
213,708
236,256
905,909
Amortization and depreciation
117,455
108,436
107,877
105,891
439,659
Other non-working capital adj.
1,968
54,115
37,156
26,710
119,949
350,274
387,645
358,741
368,857
1,465,517
239,066
(28,885)
197,255
(24,007)
383,429
25,964
14,503
64,259
-
104,726
(214,897)
8,503
(189,224)
15,541
(380,077)
400,407
381,766
431,031
360,391
1,573,595
(49,752)
(35,890)
(19,031)
(21,186)
(125,859)
Cash flow from operations
350,655
345,876
412,000
339,205
1,447,736
Adjusted EBIT
341,464
342,243
370,224
344,049
1,397,980
Net earnings
Adj. for:
Cash flow from operations before working
capital adj.
DSO
Integration costs
Other working capital items
Cash flow from operations before integration
cash disbursements
Integration cash disbursements
16
CONTACT INFORMATION
Mathieu Richard
Director
[email protected]
514-415-3272
Lorne Gorber
Senior Vice-President
Global Communications
and Investor Relations
[email protected]
514-841-3355
Samantha Taccone
Coordinator
[email protected]
Website:
CGI.com/investors
17
FIRST QUARTER
FISCAL 2015 RESULTS
January 28, 2015
© CGI Group Inc. CONFIDENTIAL

Download Report