Financial Overview. Olivier Dubois. Investor Presentation. President and CFO. Paris, October 17, New York, October 19, 2007

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Financial Overview. Olivier Dubois. Investor Presentation. President and CFO. Paris, October 17, 2007 - New York, October 19, 2007"

Transcription

1 Financial Overview Olivier Dubois President and CFO Investor Presentation Paris, October 17, New York, October 19, 2007

2 Current situation 2

3 Technip financial statements FULL YEAR FIRST SEMESTER in millions Change Change Revenue Subsea Onshore/Offshore 5,376 1,798 3,578 6,927 2,209 4,718 29% 23% 32% 3, ,183 3,619 1,182 2,437 14% 21% 12% Operating Income* Margin Ratio % % 44% % % 111% Subsea Margin Ratio % % 80% % % 105% Onshore/Offshore Margin Ratio % % 17% % % 139% Corporate (9) (22) (2) (10) Net Income Margin Ratio % % 114% % % 92% Profitability improved since 2006 but still behind best-in-class * Recurring activities 3

4 Project revenue & profit recognition NORTH SEA SUBSEA PROJECT LARGE EPC LSTK in millions in millions Revenue Gross Margin 1, Revenue Gross Margin Costs 400 Costs M1 M3 M5 M7 M9 M12 0 M1 M12 M24 M36 M42 PM & Eng. Procurement Installation PM & Engineering Procurement Construction Progressive margin recognition policy 4

5 Balance sheet as of June 30, 2007 in millions Permanent Resources Shareholders Equity 2,237 71% Bond Loan % Provision and Other Liabilities 265 8% TOTAL 3, % Total Non-Current Assets 3,352 Net Working Capital (200) Positive cash situation does not result from excess of permanent resources 5

6 Cash & cash equivalents as of June 30, 2007 Total: 2,352 M Down payments 10% Others including suppliers & subcontractors 28% 62% Customer milestone payments Cash situation results mainly from project payment conditions Customer milestone payments averaging 12% of backlog over the past 18 months 6

7 Down payments contribution to cash situation % 350 Down Payments* (M ) % 8% 10% Down Payments (% of total cash) Dec Dec Dec June 2007 % of backlog 2.0% 3.1% 1.9% 2.5% On average, down payments account for only 10% of total cash and 2.5% of backlog * Estimates based on outstanding bank guarantees 7

8 Return on Capital Employed SUBSEA ONSHORE/OFFSHORE** GROUP in millions H H H Non Current Assets 2,709 2,701 2, ,377 3,399 3,352 Working Capital and others (528) (601) (793) (1,769) (2,134) (2,024) (2,297) (2,735) (2,817) Capital Employed* 2,181 2,100 1,862 (1,101) (1,436) (1,327) 1, EBIT After Tax + share of income of associates (equity method) Net Return on Capital Employed (annual/annualized) 4% 7% 14% na na na 15% 38% 77% Subsea and Onshore/Offshore constitute two complementary business models * Based on the consolidated balance sheets without restatement of the goodwill already amortized. ** Corporate segment included in Onshore/Offshore 8

9 Financial targets

10 Subsea operating targets in millions 3,500 3,250 M Targeted Revenue 3,000 2,500 2,209 M Revenue from New Assets Revenue from Existing Assets 2,000 1, % (H1) 15.0% 15.5% 16.0% Operating Margin Ratio* 1, % 9.7% Revenue from June 30, 2007 Backlog f 2008e 2009e 2010e 2011e 2012e New assets will drive future growth of Subsea * Recurring activities 10

11 Onshore/Offshore operating targets in millions 6,000 5,000 4,718 M 5,500 M De-Risking Effect Targeted Revenue 4, % Operating Margin Ratio* 3, % 2,000 1, % 3.0% 3.5% (H1) 3.8% Revenue from June 30, 2007 Backlog** f 2008e 2009e 2010e 2011e 2012e Future revenue growth driven by de-risking initiatives Progressive margin improvement due to long backlog run-out * Recurring activities ** Including Khursanyah 11

12 Group financial targets 2010 and trends 2012 in millions 2006 H (e) CAGR (e) Revenue 6,927 3,619 8,500 5% 10,000 Operating Income* Margin Ratio % % 700 8% 20% % Net Income Margin Ratio % % 480 6% 24% EPS ( ) % Operating income from recurring activities growing four times faster than revenue * Recurring activities 12

13 Funds from operations in millions (e) Funds from Operations Subsea Onshore / Offshore Corporate (15) 1,720 1, (15) Changes in Working Capital Cash Flow from Operations 946 1,720 Strong cash generation from operations 13

14 Technip investment program in millions Other Development Capex 150 Fleet Development Capex Maintenance Capex

15 Free Cash Flow and dividends in millions (e) Cash Flow from Operations Capex Free Cash Flow before Dividends Ordinary Dividends* Other Return to Shareholders Free Cash Flow after Dividends Net Cash (Year end) 946 (157) 789 (142) (368) 279 1,540 1,720 (750) 970 (500) 470 1,885 Excluding acquisitions, net cash should remain well above 1 billion * Including 51 M downpayment on 2006 dividends 15

16 2010 financial targets: conclusion More balanced portfolio with higher Subsea content Double-digit revenue growth for Subsea Changed risk profile for Onshore and Offshore Major improvement of operating profitability 8% for the Group Sustained 16% margin for Subsea Restored margin for Onshore and Offshore at 6% Subsea ROCE above 15% Shareholders return through dividends and growth 16

17 T Safe Harbor his presentation contains both historical and forward-looking statements. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements, or statements of future expectations; within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities Exchange Act of 1934, each as amended. These forward-looking statements are not based on historical facts, but rather reflect our current expectations concerning future results and events and generally may be identified by the use of forward-looking words such as believe, aim, expect, anticipate, intend, foresee, likely, should, planned, may, estimates, potential or other similar words. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by these forward-looking statements. Risks that could cause actual results to differ materially from the results anticipated in the forward-looking statements include, among other things: our ability to successfully continue to originate and execute large services contracts, and construction and project risks generally; the level of production-related capital expenditure in the oil and gas industry as well as other industries; currency fluctuations; interest rate fluctuations; raw material (especially steel) as well as maritime freight price fluctuations; the timing of development of energy resources; armed conflict or political instability in the Arabian-Persian Gulf, Africa or other regions; the strength of competition; control of costs and expenses; the reduced availability of government-sponsored export financing; losses in one or more of our large contracts; U.S. legislation relating to investments in Iran or elsewhere where we seek to do business; changes in tax legislation, rules, regulation or enforcement; intensified price pressure by our competitors; severe weather conditions; our ability to successfully keep pace with technology changes; our ability to attract and retain qualified personnel; the evolution, interpretation and uniform application and enforcement of International Financial Reporting Standards (IFRS), according to which we prepare our financial statements as of January 1, 2006; political and social stability in developing countries; competition; supply chain bottlenecks; the ability of our subcontractors to attract skilled labor; the fact that our operations may cause the discharge of hazardous substances, leading to significant environmental remediation costs; our ability to manage and mitigate logistical challenges due to underdeveloped infrastructure in some countries where are performing projects; and our ability to remain compliant with the obligations imposed by Sarbanes-Oxley. Some of these risk factors are set forth and discussed in more detail in our Annual Report on Form 20-F as filed with the SEC on June 20, 2007, and as updated from time to time in our SEC filings. Should one of these known or unknown risks materialize, or should our underlying assumptions prove incorrect, our future results could be adversely affected, causing these results to differ materially from those expressed in our forward-looking statements. These factors are not necessarily all of the important factors that could cause our actual results to differ materially from those expressed in any of our forward-looking statements. Other unknown or unpredictable factors also could have material adverse effects on our future results. The forward-looking statements included in this release are made only as of the date of this release. We cannot assure you that projected results or events will be achieved. We do not intend, and do not assume any obligation to update any industry information or forward looking information set forth in this release to reflect subsequent events or circumstances. Except as otherwise indicated, the financial information contained in this document has been prepared in accordance with IFRS, and certain elements would differ materially upon reconciliation to U.S. GAAP. **** This presentation does not constitute an offer or invitation to purchase any securities of Technip in the United States or any other jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration. The information contained in this presentation may not be relied upon in deciding whether or not to acquire Technip securities. This presentation is being furnished to you solely for your information, and it may not be reproduced, redistributed or published, directly or indirectly, in whole or in part, to any other person. Non-compliance with these restrictions may result in the violation of legal restrictions of the United States or of other jurisdictions. 17

18 For more information, please contact: INVESTOR RELATIONS Xavier d Ouince Tel. +33 (0)

19 Trading Technip ISIN FR

FIRST QUARTER 2006 RESULTS Earnings per Share Up 22.6%

FIRST QUARTER 2006 RESULTS Earnings per Share Up 22.6% PRESS RELEASE Paris, May 18, 2006 FIRST QUARTER 2006 RESULTS Earnings per Share Up 22.6% First Quarter Euros in Millions (except EPS and E/ADS) 2006 Change Backlog at March 31 11,627 7,184 + 61.8% Revenues

More information

Favorable outlook for the second half

Favorable outlook for the second half Paris, September 10, 2015, 07:00 am Smart Safety Systems Protection in Nuclear Environments Industrial Projects and Services 3D Printing Favorable outlook for the second half Contacts Page 1/6 Groupe Gorgé

More information

Q2 / H1 2015 results. Investor Presentation 30 July 2015

Q2 / H1 2015 results. Investor Presentation 30 July 2015 Q2 / H1 2015 results Investor Presentation 30 July 2015 Information Full year consolidated financial statements at 31 December are audited Half year financial statements are subject to limited review by

More information

Software AG Results 1 st Quarter 2015 (IFRS, unaudited)

Software AG Results 1 st Quarter 2015 (IFRS, unaudited) Software AG Results 1 st Quarter (IFRS, unaudited) April 29, 1 Safe Harbor This presentation includes forward-looking statements based on the beliefs of Software AG management. Such statements reflect

More information

Lockheed Martin 4 th Quarter 2014 Financial Results Conference Call

Lockheed Martin 4 th Quarter 2014 Financial Results Conference Call Lockheed Martin 4 th Quarter 2014 Financial Results Conference Call January 27, 2015 11:00 a.m. EST Webcast login at www.lockheedmartin.com/investor Webcast replay & podcast available by 2:00 p.m. EST

More information

Lockheed Martin Corporation

Lockheed Martin Corporation Lockheed Martin Corporation 4 th Quarter 2015 Financial Results Conference Call 11:00 am EST Webcast login at www.lockheedmartin.com/investor Webcast replay & podcast available by 2:00 p.m. EST at www.lockheedmartin.com/investor.

More information

FY 2014 Results March 19, 2015

FY 2014 Results March 19, 2015 FY 2014 Results March 19, 2015 1 This document has been prepared by Maire Tecnimont S.p.A. (the Company ) solely for use in the presentation of its results. This document does not constitute or form part

More information

DATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014

DATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014 For Immediate Release DATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014 HIGHLIGHTS Q1 2014 First quarter 2014 ( Q1 ) Revenues of 77.9 million, Q1 Gross Profit of 18.8 million and Q1 Net Income of

More information

Makita Corporation. Consolidated Financial Results for the nine months ended December 31, 2007 (U.S. GAAP Financial Information)

Makita Corporation. Consolidated Financial Results for the nine months ended December 31, 2007 (U.S. GAAP Financial Information) Makita Corporation Consolidated Financial Results for the nine months ended (U.S. GAAP Financial Information) (English translation of "ZAIMU/GYOSEKI NO GAIKYO" originally issued in Japanese language) CONSOLIDATED

More information

Focus on fleet customers SAF-HOLLAND Annual Financial Statements 2013

Focus on fleet customers SAF-HOLLAND Annual Financial Statements 2013 Focus on fleet customers SAF-HOLLAND Annual Financial Statements 213 Detlef Borghardt, CEO Wilfried Trepels, CFO March 13, 214 Agenda 1 Financials 3 2 Appendix 21 2 Executive Summary 1 2 3 Group sales

More information

Third quarter results 2014

Third quarter results 2014 Third quarter results 2014 Highlights Third quarter 2014 High operational activity H6 rig upgrade completed ahead of time Cooperation with KBR for Sverdrup Study awarded for Subsea on a Stick Order backlog

More information

Lockheed Martin 4 th Quarter 2013 Financial Results Conference Call

Lockheed Martin 4 th Quarter 2013 Financial Results Conference Call Lockheed Martin 4 th Quarter 2013 Financial Results Conference Call January 23, 2014 3:00 p.m. EST Webcast login at www.lockheedmartin.com/investor Webcast replay & podcast available by 8:00 p.m. EST January

More information

SAF-HOLLAND Annual Financial Statements 2012. Detlef Borghardt, CEO Wilfried Trepels, CFO. March 14, 2013

SAF-HOLLAND Annual Financial Statements 2012. Detlef Borghardt, CEO Wilfried Trepels, CFO. March 14, 2013 SAF-HOLLAND Annual Financial Statements 212 Detlef Borghardt, CEO Wilfried Trepels, CFO March 14, 213 Executive Summary business volume successfully expanded in 212 1 Group sales increased yoy by 3.4%

More information

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 For Immediate Release Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 ken.bond@oracle.com deborah.hellinger@oracle.com ORACLE

More information

DATA GROUP LTD. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS FOR 2015

DATA GROUP LTD. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS FOR 2015 For Immediate Release DATA GROUP LTD. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS FOR 2015 SECOND QUARTER HIGHLIGHTS Second quarter 2015 ( Q2 ) Revenues of $73.4 million, a decrease of 4.3% year over year

More information

Alphabet Announces Fourth Quarter and Fiscal Year 2015 Results

Alphabet Announces Fourth Quarter and Fiscal Year 2015 Results Exhibit 99.1 Alphabet Announces Fourth Quarter and Fiscal Year 2015 Results MOUNTAIN VIEW, Calif. February 1, 2016 Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter

More information

Earnings Release Q2 FY 2015 January 1 to March 31, 2015

Earnings Release Q2 FY 2015 January 1 to March 31, 2015 Munich, Germany, May 7, 2015 Earnings Release FY 2015 January 1 to March 31, 2015 Portfolio gains drive income»for business volume, we performed well in our markets. The profitability of our Industrial

More information

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE O-I REPORTS FULL YEAR AND FOURTH QUARTER 2014 RESULTS O-I generates second highest free cash flow in the Company s history PERRYSBURG, Ohio (February 2, 2015) Owens-Illinois, Inc.

More information

Oceaneering Announces Record Quarterly Earnings

Oceaneering Announces Record Quarterly Earnings PRESS RELEASE Oceaneering International, Inc. 11911 FM 529 Houston, Texas 77041 Telephone: (713) 329-4500 Fax: (713) 329-4951 www.oceaneering.com Oceaneering Announces Record Quarterly Earnings October

More information

Earnings Release Q3 FY 2015 April 1 to June 30, 2015

Earnings Release Q3 FY 2015 April 1 to June 30, 2015 Munich, Germany, July 30, 2015 Earnings Release FY 2015 April 1 to June 30, 2015 Solid performance, softening market environment»overall our businesses delivered solid underlying profitability despite

More information

Press Release November 2015 www.vallourec.com

Press Release November 2015 www.vallourec.com Press Release November 2015 www.vallourec.com Vallourec reports third quarter and first nine months 2015 results Q3 2015 financial results continued to be impacted by tough market conditions: Revenues

More information

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 For Immediate Release Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 ken.bond@oracle.com deborah.hellinger@oracle.com ORACLE

More information

Press Release July 2015 www.vallourec.com

Press Release July 2015 www.vallourec.com Press Release July 2015 www.vallourec.com Vallourec reports second quarter and first half 2015 results H1 2015 financial results continue to be affected by reduced demand: Revenues at 2,070 million, down

More information

Earnings Release Q1 FY 2016 October 1 to December 31, 2015

Earnings Release Q1 FY 2016 October 1 to December 31, 2015 Munich, Germany, January 25, 2016 Earnings Release FY 2016 October 1 to December 31, 2015 Strong start into the fiscal year earnings outlook raised»we delivered a strong quarter and are well underway in

More information

HMS Group 3 months 2015 IFRS Results Conference call presentation. 16 June 2015

HMS Group 3 months 2015 IFRS Results Conference call presentation. 16 June 2015 HMS Group 3 months 2015 IFRS Results Conference call presentation 16 June 2015 Financial results Business & Outlook Appendix Financial Highlights Financial highlights, Rub mn 3m 2015 3m 2014 chg, yoy Revenue

More information

Veritiv Corporation 2Q14 Financial Results. August 13, 2014

Veritiv Corporation 2Q14 Financial Results. August 13, 2014 Veritiv Corporation 2Q14 Financial Results August 13, 2014 Safe Harbor Provision Certain statements contained in this presentation regarding Veritiv Corporation s (the Company ) future operating results,

More information

Finance. Peter Van Rossum. Chief Financial Officer September 19, 2014. SBM Offshore 2014. All rights reserved. www.sbmoffshore.com

Finance. Peter Van Rossum. Chief Financial Officer September 19, 2014. SBM Offshore 2014. All rights reserved. www.sbmoffshore.com Finance Peter Van Rossum Chief Financial Officer September 19, 2014 SBM Offshore 2014. All rights reserved. www.sbmoffshore.com Disclaimer Some of the statements contained in this presentation that are

More information

Driving Shareholder Value

Driving Shareholder Value Driving Shareholder Value Business Model and Capital Allocation Strategy Wolfgang Nickl CFO, Western Digital September 13, 2012 SAFE HARBOR Forward-Looking Statements This presentation contains forward-looking

More information

SANDVINE REPORTS Q3 2015 RESULTS

SANDVINE REPORTS Q3 2015 RESULTS PRESS RELEASE SANDVINE REPORTS Q3 2015 RESULTS Waterloo, Canada; October 8, 2015 Sandvine, (TSX:SVC) a leading provider of intelligent network policy control solutions for fixed and mobile operators, today

More information

Media Contact: Mike Conway Director, Corporate Communications Sherwin-Williams Direct: 216.515.4393 Pager: 216.422.3751 mike.conway@sherwin.

Media Contact: Mike Conway Director, Corporate Communications Sherwin-Williams Direct: 216.515.4393 Pager: 216.422.3751 mike.conway@sherwin. The Sherwin-Williams Company Reports First Quarter 2012 Financial Results Consolidated net sales increased 15.1% to a record $2.14 billion Diluted net income per common share increased 50.8% to a record

More information

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 For Immediate Release Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 ken.bond@oracle.com deborah.hellinger@oracle.com ORACLE

More information

9M2004 Consolidated Results

9M2004 Consolidated Results 9M2004 Consolidated Results Fulvio Conti Chief Financial Officer Rome, 11 November 2004 Income statement (Euro Mn) 9M2004 9M2003 % change 3Q2004 3Q2003 % change 25,984 23,293 11.6% Revenues 9,036 7,872

More information

Lockheed Martin Corporation

Lockheed Martin Corporation Lockheed Martin Corporation Portfolio Shaping Actions & 2 nd Quarter 2015 Financial Results July 20, 2015 11:00 am EDT Webcast login at www.lockheedmartin.com/investor Webcast replay & podcast available

More information

Motorola Solutions Reports Fourth-Quarter and Full-Year 2015 Financial Results

Motorola Solutions Reports Fourth-Quarter and Full-Year 2015 Financial Results Motorola Solutions Reports Fourth-Quarter and Full-Year 2015 Financial Results Company closes acquisition of Airwave, leading public safety managed services provider FOURTH-QUARTER HIGHLIGHTS Sales of

More information

Financial Results. siemens.com

Financial Results. siemens.com s Financial Results Fourth Quarter and Fiscal 2015 siemens.com Key figures (in millions of, except where otherwise stated) Volume Q4 % Change Fiscal Year % Change FY 2015 FY 2014 Actual Comp. 1 2015 2014

More information

Oceaneering Reports First Quarter 2016 Results

Oceaneering Reports First Quarter 2016 Results PRESS RELEASE Oceaneering Reports First Quarter 2016 Results April 25, 2016 Houston, Texas Oceaneering International, Inc. ( Oceaneering or the Company ) (NYSE:OII) today reported net income of $25.1 million,

More information

Non-GAAP Financial Measures. Second Quarter and First Half of Fiscal 2014. siemens.com. Energy efficiency. Intelligent infrastructure solutions

Non-GAAP Financial Measures. Second Quarter and First Half of Fiscal 2014. siemens.com. Energy efficiency. Intelligent infrastructure solutions Energy efficiency Next-generation healthcare Industrial productivity Intelligent infrastructure solutions Non-GAAP Financial Measures Second Quarter and First Half of Fiscal 2014 siemens.com second QUARTER

More information

Sales increased 15 percent to $4.5 billion Earnings per Share increased 37 percent to $0.96 Operating Cash Flow increased 22 percent to $319 million

Sales increased 15 percent to $4.5 billion Earnings per Share increased 37 percent to $0.96 Operating Cash Flow increased 22 percent to $319 million Contact: Mark Polzin (314) 982-1758 John Hastings (314) 982-8622 EMERSON REPORTS RECORD FIRST-QUARTER 2006 RESULTS Sales increased 15 percent to $4.5 billion Earnings per Share increased 37 percent to

More information

Fiscal Year Guidance Achieved Execution of Vision 2020 Begun

Fiscal Year Guidance Achieved Execution of Vision 2020 Begun Fiscal Year Guidance Achieved Execution of Vision 2020 Begun Joe Kaeser, President and Chief Executive Officer of Siemens AG We delivered the results we originally promised for fiscal 2014 and made substantial

More information

CGGVeritas announces Q1 2007 results

CGGVeritas announces Q1 2007 results CGGVeritas announces Q1 2007 results Revenues of $777 million, up 22% EBITDA margin of 44% and Operating margin of 24% Net result of $91 million, 69 million Paris, May 10th, 2007 CGGVeritas (ISIN: 0000120164

More information

Three Months Ended March 31, 2015 Revenues $ 15,420 $ 17,258 Increase in revenues year over year 19% 12%

Three Months Ended March 31, 2015 Revenues $ 15,420 $ 17,258 Increase in revenues year over year 19% 12% Exhibit 99.1 Google Inc. Announces First Quarter 2015 Results MOUNTAIN VIEW, Calif. April 23, 2015 - Google Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended. Google s

More information

Brookfield financial Review q2 2010

Brookfield financial Review q2 2010 Brookfield financial Review q2 2010 Overview Operating cash flow and gains totalled $327 million in the second quarter or $0.53 per share compared to $294 million in the prior year. This brings operating

More information

Investor Presentation. April 2014

Investor Presentation. April 2014 Investor Presentation April 2014 Safe Harbor Statement This document includes supplemental financial measures that are or may be non-gaap financial measures. These supplemental financial measures should

More information

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 For Immediate Release Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 ken.bond@oracle.com deborah.hellinger@oracle.com ORACLE

More information

Results Presentation Jan-Sep 2014. November 25 th, 2014

Results Presentation Jan-Sep 2014. November 25 th, 2014 Results Presentation Jan-Sep 2014 November 25 th, 2014 Disclaimer This document has been prepared by Grupo Isolux Corsán, S.A.; therefore no part of it may be published, disclosed or distributed in any

More information

Earnings Release Q3 2014 April 1 to June 30, 2014. Good Q3 Results Challenges in Energy Sector. Fiscal Year Outlook Confirmed. Financial Highlights*:

Earnings Release Q3 2014 April 1 to June 30, 2014. Good Q3 Results Challenges in Energy Sector. Fiscal Year Outlook Confirmed. Financial Highlights*: Good Q3 Results Challenges in Energy Sector Fiscal Year Outlook Confirmed Joe Kaeser, President and Chief Executive Officer of Siemens AG Financial Highlights*: While we made good progress in most areas,

More information

Contact: Ken Bond Karen Tillman Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.650.607.0326

Contact: Ken Bond Karen Tillman Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.650.607.0326 For Immediate Release Contact: Ken Bond Karen Tillman Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.650.607.0326 ken.bond@oracle.com karen.tillman@oracle.com ORACLE REPORTS

More information

Kuehne + Nagel International AG Analyst Conference Call Q1 results 2015. April 14, 2015 (CET 14.00) Schindellegi, Switzerland

Kuehne + Nagel International AG Analyst Conference Call Q1 results 2015. April 14, 2015 (CET 14.00) Schindellegi, Switzerland Kuehne + Nagel International AG Analyst Conference Call Q1 results 2015 (CET 14.00) Schindellegi, Switzerland Forward-looking statements This presentation contains forward-looking statements. Such statements

More information

LANCASTER COLONY REPORTS SECOND QUARTER SALES AND EARNINGS

LANCASTER COLONY REPORTS SECOND QUARTER SALES AND EARNINGS FOR IMMEDIATE RELEASE January 28, 2016 SYMBOL: LANC TRADED: Nasdaq LANCASTER COLONY REPORTS SECOND QUARTER SALES AND EARNINGS COLUMBUS, Ohio, January 28 - Lancaster Colony Corporation (Nasdaq: LANC) today

More information

Company Presentation VTG AG Connecting worlds. Analyst Conference April 14, 2015

Company Presentation VTG AG Connecting worlds. Analyst Conference April 14, 2015 Company Presentation VTG AG Connecting worlds Analyst Conference April 14, 2015 Table of content 1 Highlights 2014 2 Performance & Financials 2014 3 Update on Strategy 4 Outlook 2015 5 Appendix 1 Executive

More information

Baidu Announces Second Quarter 2015 Results

Baidu Announces Second Quarter 2015 Results Baidu Announces Second Quarter 2015 Results BEIJING, China, July 27, 2015 Baidu, Inc. (NASDAQ: BIDU), the leading Chinese language Internet search provider, today announced its unaudited financial results

More information

Management s Discussion and Analysis

Management s Discussion and Analysis Management s Discussion and Analysis of Financial Conditions and Results of Operations For the quarter and six months ended June 30, 2012 All figures in US dollars This Interim Management s Discussion

More information

Earnings Release Q4 FY 2015 July 1 to September 30, 2015

Earnings Release Q4 FY 2015 July 1 to September 30, 2015 Munich, Germany, November 12, 2015 Earnings Release FY 2015 July 1 to September 30, 2015 Strong finish for fiscal 2015»We delivered what we promised, and are well positioned to deliver on our plans for

More information

Third quarter results 2012

Third quarter results 2012 Q3 Third quarter results 2012 Fornebu, Øyvind Eriksen and Leif Borge 2012 Aker Solutions Slide 1 Agenda Q3 2012 Introduction Øyvind Eriksen Executive chairman Financials Leif Borge President & CFO Q&A

More information

IBM REPORTS 2013 FOURTH-QUARTER AND FULL-YEAR RESULTS

IBM REPORTS 2013 FOURTH-QUARTER AND FULL-YEAR RESULTS IBM REPORTS 2013 FOURTH-QUARTER AND FULL-YEAR RESULTS Fourth-Quarter 2013: o Diluted EPS: - GAAP: $5.73, up 12 percent; - Operating (non-gaap): $6.13, up 14 percent; o Net income: - GAAP: $6.2 billion,

More information

Spectra Energy Reports First Quarter 2009 Results

Spectra Energy Reports First Quarter 2009 Results Media: Analysts: Wendy Olson (713) 627-4072 (713) 627-4747 (24-hour media line) John Arensdorf (713) 627-4600 Date: May 5, 2009 Spectra Energy Reports First Quarter 2009 Results Reported net income (controlling

More information

Agenda. Forward-looking Statements Denis Jasmin, Vice-President, Investor Relations

Agenda. Forward-looking Statements Denis Jasmin, Vice-President, Investor Relations SECOND QUARTER 2013 Conference Call Notes August 2, 2013 2 Agenda Forward-looking Statements Denis Jasmin, Vice-President, Investor Relations President and CEO Remarks Robert G. Card, President and Chief

More information

Consolidated Financial Summary For the third quarter of the fiscal year ending March 31, 2009

Consolidated Financial Summary For the third quarter of the fiscal year ending March 31, 2009 Monex Group, Inc. Consolidated Financial Summary under Japanese GAAP for the third quarter of the fiscal year ending March 31, 2009 (April 1, 2008-December 31, 2008) This is an English translation of Japanese

More information

Baidu Announces Fourth Quarter and Fiscal Year 2011 Results

Baidu Announces Fourth Quarter and Fiscal Year 2011 Results Baidu Announces Fourth Quarter and Fiscal Year 2011 Results BEIJING, China, February 16, 2012 Baidu, Inc. (NASDAQ: BIDU), the leading Chinese language Internet search provider, today announced its unaudited

More information

Q1 2015 Stockholder Update Call

Q1 2015 Stockholder Update Call Q1 2015 Stockholder Update Call Jacque Hinman, Chairman and CEO Gary McArthur, Executive VP and CFO Natalie Eldredge, Director of Investor Relations May 8 th, 2015 Disclosures Forward-Looking/Safe Harbor

More information

Telesat Reports Results for the Quarter and Year Ended December 31, 2014

Telesat Reports Results for the Quarter and Year Ended December 31, 2014 Telesat Reports Results for the Quarter and Year Ended December 31, 2014 OTTAWA, CANADA, February 26, 2015. Telesat Holdings Inc. ( Telesat ) today announced its financial results for the three month and

More information

Europe: Growth of +7.8% in Recurring Operating Income France: New half of improved profitability

Europe: Growth of +7.8% in Recurring Operating Income France: New half of improved profitability 2014 FIRST HALF RESULTS: CONTINUED GROWTH Organic sales growth of 4.3% Increase in Recurring Operating Income of +13.8% Strong increase in adjusted net income, Group share of +16.7% Strong profit growth

More information

2 nd Quarter 2015. Torgrim Reitan, CFO

2 nd Quarter 2015. Torgrim Reitan, CFO 2 nd Quarter 2015 Torgrim Reitan, CFO Second quarter 2015 Encouraging results in current market environment Efficiency improvements coming through Solid operational performance Strong cash flow and reduced

More information

Forward-Looking Statements

Forward-Looking Statements MANAGEMENT S DISCUSSION AND ANALYSIS For the three months ended March 31, 2010 Dated May 21, 2010 Management's Discussion and Analysis ( MD&A ) is intended to help shareholders, analysts and other readers

More information

Q2 and Half-Year 2010 Results

Q2 and Half-Year 2010 Results Q2 and Half-Year 2010 Results July 27, 2010 27.07.2010 1 Key financials in billions of Q2 2009 Q2 2010 Revenue 19.6 25.1 EBIT Net profit (loss) Earnings (loss) per share (in ) (1.0) (1.1) (0.99) 2.1 1.3

More information

VOLEX INTERIM RESULTS TO OCTOBER 5 2014. Christoph Eisenhardt, CEO Nick Parker, CFO November 2014

VOLEX INTERIM RESULTS TO OCTOBER 5 2014. Christoph Eisenhardt, CEO Nick Parker, CFO November 2014 VOLEX INTERIM RESULTS TO OCTOBER 5 2014 Christoph Eisenhardt, CEO Nick Parker, CFO November 2014 Disclaimer This Presentation has been prepared by Volex PLC (the Company ) in connection with the publication

More information

2015 FIRST QUARTER RESULTS. 13 May 2015

2015 FIRST QUARTER RESULTS. 13 May 2015 2015 FIRST QUARTER RESULTS 13 May 2015 Safe Harbor Statement This Presentation contains certain forward-looking statements. Forward-looking statements concern future circumstances and results and other

More information

Drägerwerk AG & Co. KGaA Analyst Conference 2015. Frankfurt, March 11, 2015

Drägerwerk AG & Co. KGaA Analyst Conference 2015. Frankfurt, March 11, 2015 Drägerwerk AG & Co. KGaA Analyst Conference 2015 Frankfurt, March 11, 2015 Disclaimer This presentation does not constitute an offer of securities for sale or a solicitation of an offer to purchase any

More information

Asia Pacific Wire & Cable Company Reports Full Year 2013 Financial Results

Asia Pacific Wire & Cable Company Reports Full Year 2013 Financial Results Asia Pacific Wire & Cable Company Reports Full Year 2013 Financial Results Gross profit was $51.8 million, an increase of 2.6% from $50.5 million in FY2012 Cash flows from operations was $20.6 million,

More information

Frequently Asked Questions Q3 2006

Frequently Asked Questions Q3 2006 Frequently Asked Questions Q3 2006 1. Were there any unusual or one-time items in your Q3 results? CIBC s reported diluted earnings per share (EPS) for the third quarter were $1.86. Our EPS was increased

More information

W.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9

W.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9 W.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9 News Release GRAINGER REPORTS RESULTS FOR THE 2015 FIRST QUARTER Revises 2015 Guidance Quarterly Summary Sales of $2.4 billion, up 2 percent Operating

More information

Ahlers AG, Herford. ISIN DE0005009708 and DE0005009732 INTERIM REPORT

Ahlers AG, Herford. ISIN DE0005009708 and DE0005009732 INTERIM REPORT Ahlers AG, Herford ISIN DE0005009708 and DE0005009732 I N T E R I M R E P O R T for the first six months of the 2006/07 financial year (December 1, 2006 to May 31, 2007) BUSINESS DEVELOPMENT IN THE FIRST

More information

FY RESULTS 27 FEBRUARY 2015. Tom Enders I Chief Executive Officer Harald Wilhelm I Chief Financial Officer

FY RESULTS 27 FEBRUARY 2015. Tom Enders I Chief Executive Officer Harald Wilhelm I Chief Financial Officer 1 FY RESULTS 27 FEBRUARY 2015 Tom Enders I Chief Executive Officer Harald Wilhelm I Chief Financial Officer SAFE HARBOUR STATEMENT 2 Disclaimer This presentation includes forward-looking statements. Words

More information

Sierra Wireless Reports Second Quarter 2015 Results

Sierra Wireless Reports Second Quarter 2015 Results Sierra Wireless Reports Second Quarter 2015 Results Q2 2015 revenue of $158 million; 17% year-over-year growth Record revenue of $158.0 million, an increase of 17.0% compared to Q2 2014 Non-GAAP earnings

More information

H1 2009 Earnings Release

H1 2009 Earnings Release H1 2009 Earnings Release Olivier Piou, CEO Jacques Tierny, CFO August 25, 2009 www.gemalto.com Disclaimer Forward-Looking Statements This communication contains certain statements that are neither reported

More information

General Cable Corporation (Exact name of registrant as specified in its charter)

General Cable Corporation (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K/A CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest

More information

Q2 2015 Financial Results and Key Metrics

Q2 2015 Financial Results and Key Metrics Q2 2015 Financial Results and Key Metrics August 13, 2015 Non-GAAP financial measures King Digital Entertainment plc (the Company ) uses International Financial Reporting Standards ( IFRS ). In addition

More information

8th January 2016. SEB Nordic Seminar 2016

8th January 2016. SEB Nordic Seminar 2016 8th January 2016 SEB Nordic Seminar 2016 Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which are subject to a number of risks,

More information

Oracle Corporation (Exact name of registrant as specified in its charter)

Oracle Corporation (Exact name of registrant as specified in its charter) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date

More information

B U I L D I N G N O R T H A M E R I C A N F I N T E C H L E A D E R S H I P. BMO 2013 Technology and Digital Media Conference

B U I L D I N G N O R T H A M E R I C A N F I N T E C H L E A D E R S H I P. BMO 2013 Technology and Digital Media Conference B U I L D I N G N O R T H A M E R I C A N F I N T E C H L E A D E R S H I P BMO 2013 Technology and Digital Media Conference Forward-Looking Statements This presentation contains certain statements that

More information

Performance Food Group Company Reports First-Quarter Fiscal 2016 Earnings

Performance Food Group Company Reports First-Quarter Fiscal 2016 Earnings NEWS RELEASE For Immediate Release November 4, 2015 Investors: Michael D. Neese VP, Investor Relations (804) 287-8126 michael.neese@pfgc.com Media: Joe Vagi Manager, Corporate Communications (804) 484-7737

More information

4Q and FYE 2014 Results Conference Call

4Q and FYE 2014 Results Conference Call A global environmental technology company focused on air pollution control, energy, fluid handling and filtration industries 4Q and FYE 2014 Results Conference Call March 5, 2015 1 Safe Harbor Statement

More information

Lockheed Martin Corporation

Lockheed Martin Corporation Lockheed Martin Corporation 3 rd Quarter 2015 Financial Results Conference Call 11:00 am EDT Webcast login at www.lockheedmartin.com/investor Webcast replay & podcast available by 2:00 p.m. EDT at www.lockheedmartin.com/investor.

More information

Spectra Energy Reports Second Quarter 2007 Results

Spectra Energy Reports Second Quarter 2007 Results Media: Molly Boyd (713) 627-5923 (713) 627-4747 (24-hour media line) Analysts: John Arensdorf (713) 627-4600 Date: August 6, 2007 Spectra Energy Reports Second Quarter 2007 Results Second quarter reported

More information

HP Q4 FY15 Earnings Announcement

HP Q4 FY15 Earnings Announcement HP Q4 FY15 Earnings Announcement November 24, 2015 http://www.hp.com/investor/home Forward-looking statements This presentation contains forward-looking statements that involve risks, uncertainties and

More information

Closing Announcement of First Quarter of the Fiscal Year Ending March 31, 2009

Closing Announcement of First Quarter of the Fiscal Year Ending March 31, 2009 Member of Financial Accounting Standards Foundation Closing Announcement of First Quarter of the Fiscal Year Ending March 31, 2009 Name of Listed Company: Arisawa Mfg. Co., Ltd. Listed on the 1st Section

More information

SLM CORPORATION SUPPLEMENTAL FINANCIAL INFORMATION FIRST QUARTER 2006 (Dollars in millions, except per share amounts, unless otherwise stated)

SLM CORPORATION SUPPLEMENTAL FINANCIAL INFORMATION FIRST QUARTER 2006 (Dollars in millions, except per share amounts, unless otherwise stated) SLM CORPORATION SUPPLEMENTAL FINANCIAL INFORMATION FIRST QUARTER 2006 (Dollars in millions, except per share amounts, unless otherwise stated) The following supplemental information should be read in connection

More information

Nokia Conference Call Fourth Quarter 2008 and Full Year 2008 Financial Results

Nokia Conference Call Fourth Quarter 2008 and Full Year 2008 Financial Results Conference Call Fourth Quarter 2008 and Full Year 2008 Financial Results January 22, 2009 15.00 Helsinki time 8.00 New York time Olli-Pekka Kallasvuo President & CEO Rick Simonson Executive Vice President

More information

Riverbed Technology, Inc. Reports Third Quarter 2007 Financial Results

Riverbed Technology, Inc. Reports Third Quarter 2007 Financial Results Contact: Randy Gottfried, Chief Financial Officer Chris Danne ir@riverbed.com chris@blueshirtgroup.com Riverbed Technology, Inc. The Blueshirt Group 415-247-6397 415-217-7722 Riverbed Technology, Inc.

More information

Full Year Results 2014

Full Year Results 2014 Full Year Results 2014 18 March 2015 Conference call on FY Results 2014 Corporate Finance & Investor Relations AGENDA FY 2014 results presentation Highlights 2014 Financials 2014 Outlook 2015 Appendix

More information

Hart Stores Inc. Management s Discussion and Analysis

Hart Stores Inc. Management s Discussion and Analysis This ( MD&A ) update is current as of September 7, 2010. This report should be read in conjunction with Hart Stores Inc. ( the Company ) unaudited interim consolidated financial statements for the six

More information

ACI Worldwide, Inc. Reports Financial Results for the Quarter Ended March 31, 2014

ACI Worldwide, Inc. Reports Financial Results for the Quarter Ended March 31, 2014 News Release ACI Worldwide, Inc. Reports Financial Results for the Quarter Ended March 31, 2014 HIGHLIGHTS SNET bookings of $122 million, up 59% from Q1 last year Recurring revenue up 57% from last year,

More information

ICT Automatisering H1 Results 2015. Jos Blejie (CEO) & Jan Willem Wienbelt (CFO) 8/19/2015

ICT Automatisering H1 Results 2015. Jos Blejie (CEO) & Jan Willem Wienbelt (CFO) 8/19/2015 ICT Automatisering H1 Results 2015 1 Jos Blejie (CEO) & Jan Willem Wienbelt (CFO) 8/19/2015 Any forward-looking statements in this presentation refer to future events and may be expressed in a variety

More information

N E W S R E L E A S E

N E W S R E L E A S E N E W S R E L E A S E Investors: Brett Manderfeld John S. Penshorn Media: Don Nathan Tyler Mason Vice President Senior Vice President Senior Vice President Vice President 952-936-7216 952-936-7214 952-936-1885

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) Q2 2012 Q2 2013 % H1 2012 H1 2013 % Restated * change Restated * change Revenue 779 732-6.0% 1,513 1,437-5.0% Cost of sales (553) (521) -5.8%

More information

AMN HEALTHCARE SERVICES INC

AMN HEALTHCARE SERVICES INC AMN HEALTHCARE SERVICES INC FORM 8-K (Current report filing) Filed 02/19/15 for the Period Ending 02/19/15 Address 12400 HIGH BLUFF DRIVE SUITE 100 SAN DIEGO, CA 92130 Telephone 8668718519 CIK 0001142750

More information

CHINA DISTANCE EDUCATION HOLDINGS LIMITED ANNOUNCES FISCAL THIRD QUARTER 2008 RESULTS

CHINA DISTANCE EDUCATION HOLDINGS LIMITED ANNOUNCES FISCAL THIRD QUARTER 2008 RESULTS FOR IMMEDIATE RELEASE CHINA DISTANCE EDUCATION HOLDINGS LIMITED ANNOUNCES FISCAL THIRD QUARTER 2008 RESULTS BEIJING, China, August 18, 2008 China Distance Education Holdings Limited (NYSE Arca: DL) ( CDEL,

More information

ACADIAN TIMBER CORP. REPORTS FOURTH QUARTER AND YEAR-END RESULTS

ACADIAN TIMBER CORP. REPORTS FOURTH QUARTER AND YEAR-END RESULTS News Release Investors, analysts and other interested parties can access Acadian Timber Corp. s 2015 Fourth Quarter Results conference call via webcast on Thursday, February 11, 2016 at 1:00 p.m. ET at

More information

ASML - Summary US GAAP Consolidated Statements of Operations 1,2

ASML - Summary US GAAP Consolidated Statements of Operations 1,2 ASML - Summary US GAAP Consolidated Statements of Operations 1,2 (in millions EUR, except per share data) Six months ended, Jun 29, Jun 28, Jun 29, Jun 28, 2014 2015 2014 2015 Net system sales 1,243.0

More information

RAJESH EXPORTS LIMITED GLOBAL PRESENCE IN GOLD AND GOLD PRODUCTS. Earnings Presentation Q2 FY16

RAJESH EXPORTS LIMITED GLOBAL PRESENCE IN GOLD AND GOLD PRODUCTS. Earnings Presentation Q2 FY16 RAJESH EXPORTS LIMITED GLOBAL PRESENCE IN GOLD AND GOLD PRODUCTS Earnings Presentation Q2 FY16 Company Overview COMPANY OVERVIEW Rajesh Exports Ltd. (REL) was incorporated in 1989. Currently REL is a leader

More information