Half Year Financial Results for 2010/2011 Press Presentation

APRIL 12, 2023 | SLIDE 1

www.realdolmen.com

19 NOVEMBER 2010Announcing the RealDolmen Half Year Results for the

Six Months Ended 30 September 2010

Press & analyst meeting


AGENDA

RealDolmen - overview

Key Figures Half Year 2010

Operational Review & Outlook

Q & A


OVERVIEW

Bruno Segers

CEO RealDolmen


France

Luxemburg

Belgium

Headcount Belgium 1185 France 347 Luxemburg

66

Total1598

We make ICT work for your business


OVERVIEW

Highlights Turnover grows with 1,6% confirming the step by step recovery of the economy after the

financial crisis. Professional Services and Infrastructure Products revenue are up with respectively 1,2% and 10,2% while Business Solutions revenue decreased by 10,7% as a consequence of a slower activity in some of our business applications

REBIT margin decreases by 0,5% and EBIT margin is up with €2,4m as restructuring charges of last year regarding efficiency increase, made place for aggressive hiring of IT professionals.

Sound financial structure with strong cash position of €47m and only €8,5m in net debt.

Prospects We maintain our expectation of limited revenue growth and improved profitability for the full

year

We remain confident that our strong market position, our good spread of customers across a number of sectors, our strengthened offering and the benefit of the strategic projects in which we have continued to invest, allow us to continue to gain market share especially when the economy performs better.


BROAD SINGLE-SOURCE OFFERING

Infrastructure Products

Business Solutions

Professional Services

Service Oriented Architecture Unified Communications Supply Chain Mgmt CAD/GIS Mobility Enterprise Asset Mgmt Clinical Trial Mgmt Systems

Development Outsourcing Managed Services Project Management Training Services Business Process

Management

Data Center Front-end Networking

IP Communications Voice Over IP Security

Turnkey Solutions Enterprise Resource

Planning Customer Relationship

Management Business Intelligence ECM/WCM Web Solutions

Networking Testing Support & Helpdesk Security Enterprise Application Integration Service Oriented Architecture

Solutions built with own software or on top of 3rd party platforms. In this area we sell services and products (such as 3rd party software or own IP) under the form of licenses.

Encompasses services (both development and infrastructure competences) and products (own IP under the form of courseware, development methodologies, project management methodologies, building blocks, etc).

Hardware products and software licenses


MARKETING THE OFFERING

Operations

Finance

HR

IT

Strategic Framework

Enterprise Solutions

CRM

BI

ECM

WCM

CAD

GIS

Business Applications

ERP

EAM

HRM


Applications

Microsoft

Java

Oracle

Legacy

Project mgt services

Infrastructure Solutions

Managed services

Datacenter solutions

Front-end solutions

Hardware & software proc.

Enterprise Communications

Unified Communications

Security

Networking

Customers

PublicGeneralIndustry

Logistics & Distribution

Energy & Media & Telecom

Pharma & Biotech.

Services Healthcare

Sales

Marketing

CTMS

PrivateBanking

DocMgt


KEY FIGURES HY 2010/2011

Paul De Schrijver

CFO RealDolmen


ProfessionalServices

Total Group

TURNOVER H1 2009/10 TO H1 2010/11


Business SolutionsH1

2009/10H1

2010/11

€16,9 mio

€18,9 mio

H12009/10

H12010/11

€34,0mio

€30,9 mio

H12010/11

€112,8 mio

€111,0 mio

H12009/10

+10,2%

-10,7%

H12009/10

H12010/11

€61,8 mio

€61,1 mio

+1,2%+1,6%


MARGINS

H12009/10

H12010/11

-1,2%-1,5%

Corporate

H12009/10

H12010/11

4,4%

6,3%


H12010/11

2,7%

3,2%

H12009/10

Total Group

H12009/10 H1

2010/11-0,1%

3,5%

Business Solutions

H12009/10

H12010/11

4,9%

2,3%



Rebit HY 2009 Day Rate Volume Billability Holiday Index/Merrit Products Training/Re-cruitment

Optimization Rebit HY 2010

H1 2010 YEAR OVER YEAR REBIT ANALYSIS

3.546

3.019


FY OUTLOOK:Limited taxes on foreign activities.

NET PROFIT BREAKDOWN

H12010/11

€0,6mio

Non recurring+€2,9 mio

H12009/10

H12010/11

€-2,8 mio

€-2,6 mio

Financial Result-€0,2 mio

H12009/10

H12010/11

€3,0mio

€3,5 mio

REBIT-€0,5 mio

Taxes+€0,4 mio

H12009/10

H12010/11

€0,8 mio

€-1,7 mio

Net Profit+€2,5 mio

€-0,4 mio

€0,0 mio

FY OUTLOOK:No other non recurring items planned.

FY OUTLOOK:Slight increase in revenue & REBIT margin.

FY OUTLOOK:Financial results evolve in line with previous year.

H12009/10

€-2,3mio

H12009/10


March ‘08

€36,6 mio

€73,7 mio

€16,7 mio

€57,0 mio

March ‘09

€33,1 mio

€54,9 mio

€18,4 mio

€36,5 mio

Net debtEbitda (1)

CASH/DEBT POSITION

Cash (2)

Convertible debt (July 2012)

Other debt

(1) Last Twelve Months (LTM) Ebitda at relevant date(2) Cash = Cash + Assets held for trading

2,0 1,01,2

March ‘10

€45,4 mio

€57,4 mio

€16,6 mio

€38,4 mio

0,6

September ‘10

€46,7 mio

€55,2 mio

€12,6 mio

€42,6 mio


OPERATIONAL REVIEW & OUTLOOK

Bruno Segers

CEO RealDolmen


SUMMARY & OUTLOOK

Results are in line with expectations and perceived as positive in light of the current environment

We anticipate slight revenue growth and growth in net profit as we continue with aggressive hiring of IT professionals


Q & A


For more information:visit our website WWW.REALDOLMEN.COM

or contact:Thierry de VriesSecretary-generalTEL.:+32 2 801 55 55FAX: +32 2 801 55 99 [email protected]

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BACKUP SLIDES


GROSS OPERATING CASH FLOWConsolidated Cash Flow statement for the period ended September 30, 2010

In € x 1000 30/09/2010EBIT 3.615

Depreciation and amortisation 2.231Provisions and allowances 158

(Gains) / Losses on disposals of assets -502Negative goodwill -800

Other adjustments -675Gross Operating Cash Flow 4.027

Changes in working capital 958Net Operating Cash Flow 4.985

Income taxes paid -213Net Cash Flow from Operating Activities 4.772

Interest received 55Investments in intangible assets -75

Investments in property, plant and equipment -384Cash-in acquisition Lille branch 1.352

Deferred payment on acquisition on Axias -1446

Disposals of intangible assets and property, plant and equipment 554

Investments classified as held for trading (SICAVS) cash inflow 8.064

Investments classified as held for trading (SICAVS) cash outflow -1.006Net Cash Flow from Investment Activities 7.114

Interest paid -620Dividend paid -1

Increase / Decrease financial liabilities cash outflow -2889Cash Flow from Financing Activities -3.510

Changes in Cash and Cash Equivalents 8.376

Net cash position opening balance 37.637Net cash position closing balance 46.013Total Cash movement 8.376