IMPEL GROUP. Management s Presentation Warsaw, 7 November 2013

Size: px

Start display at page:

Download "IMPEL GROUP. Management s Presentation Warsaw, 7 November 2013"

Paulina Perkins
8 years ago
Views:

1 IMPEL GROUP Management s Presentation Warsaw, 7 November

IMPEL GROUP MISSION, VISION, STRATEGY MISSION: We take care of our clients. Our common success depends on that. VISION: Our objective is to develop our company in a responsible manner.

2 IMPEL GROUP MISSION, VISION, STRATEGY MISSION: We take care of our clients. Our common success depends on that. VISION: Our objective is to develop our company in a responsible manner. Our operations are characterized by partnership, mutual honesty, respect for business environment and support for creativity. STRATEGIC PRIORITIES FOR THE YEARS -2014: 1. Dynamic growth in sales PLN 2 billion in Development of our foreign operations. 3. Product and organizational innovation as our competitive advantage on the market. 4. Development of product synergies within the Client s business as the potential for growth.. misja, wizja, strategia

Our operations are characterized by partnership, mutual honesty, respect for business environment and support for creativity.

3 KEY FACTS Przychody Revenue from ze sprzedaży sales (PLN(mln million) PLN) 4,500 clients 1 50,000 employees 42 locations in Poland, Latvia and Ukraine 20 entities acquired, 3 entities sold Management in line with the BSC (Balanced Scored Card) strategy Earnings per share - EPS (PLN) IT Systems for customer service: SAP in 46 companies / 21 functional modules 7% Contact Center ICSS (Internet Customer Self-Service) CSI (Customer Satisfaction Index) 1,35 1,09 0,41 2,75 2,21 4,44 4,85 (1) 2, CRM (1) aktywo tax asset podatkowe related to związane the optimisation z optymalizacją of the znaku trade towarowego mark - PLN 23.8 million - (comparable) 23,8 mln PLN EPS (porównywalny) = 2.9 EPS = 2,9

417 2005 2006 2007 2008 2009 2010 2011 Management in line with the BSC (Balanced Scored Card) strategy Earnings per share - EPS (PLN) IT Systems for customer service: SAP in 46 companies / 21

4 SEGMENTS S.A. Parent undertaking. WSE listed since Responsible for strategic and corporate issues. SEGMENTS MERGED AS OF 1 JANUARY IMPEL ON THE MARKET Composition of the Management Board of S.A. 50% 19% 3 GRZEGORZ DZIK President of the Management Board JÓZEF BIEGAJ Vice President responsible for Commercial Function WOJCIECH REMBIKOWSKI Vice President responsible for Finance DANUTA CZAJKA Vice President responsible for Development NUMBER 1 MAINTENANCE SOLUTIONS Facility Management DELIVERY & BUSINESS SOLUTIONS Distribution PLN million 1) PLN million 1) IMPEL S COMPETITIVE POSITION 2) NUMBER 3-4 SAFETY SOLUTIONS Security PLN million 1) NUMBER 3 UPC TON CAT LOG REN+PR HR+KP BEZP ISS Dozorbud Grupa EVER 3% 17% Dalkia Cofely DTZ Polska 3% Sodexo Eurest 3% 7% Lyreco Merida Henry Kruse 4% CWS Boco Berendsen 3% 6% 6% Work Service Randstad Adecco 20% 16% 10% Solid 3) Konsalnet IMPEL Securitas 10.6% 9% 10.4% 6.5% 3.5% Clar System ZST Gastropol Bardusch 5% Juwentus 2.9% 0% 20% 0% 4% 0% 10% 0% 6% 0% 10% 0% 30% 0% 20% 1) share in the Group s revenue in Q3 (percentage and value) 2) data from the Marketing Office of S.A. 3) Konsalnet s revenue after the consolidation with G4S UPC cleaning services; TON technical maintenance of facilities; BEZP manned guarding and electronic security systems; C AT catering food preparation and delivery; LOG delivery logistics, purchases and customer service; REN+PR rental services (rental and service) of clothes and linen and laundry services; HR+KP payroll and personnel services and accounting services

5 GROUP S CONSOLIDATED FINANCIAL RESULTS PLN million Q1-3 Q1-3 Revenue from sales 1 416, , ,6 Subsidies 35,0 24,9 32,2 EBITDA 76,9 68,4 69,9 EBITDA margin 5,4% 6,5% 6, year-to-year + PLN million, i.e. 9.8%, including: + PLN 78.1 million, i.e. 7.5% revenue of the companies acquired in the years - + PLN 24.2 million, i.e. 2.3% revenue on account of organic growth EBIT 40,5 41,9 38,5 EBIT margin 2,9% 4,0% 3,3% Depreciation/Amortisation (36,4) (26,5) (31,4) Net profit 28,2 27,3 20,2 Profit/loss on financing activity reduced by: - PLN 0.8 million lack of interest revenue from the Vantage Group companies (spin-off in Q1 ) - PLN 2.1 million higher financial expenses of the Group companies (the financing of organic growth and acquisitions) Assets 722,5 672,1 788,7 Equity and reserves 268,5 258,8 269,1 Net debt 131,1 128,9 185,4 + PLN 56.5 million, including: financing of acquisitions PLN 22.9 million debt of acquired entities PLN 29.6 million

6 COMPARISON OF CONSOLIDATED QUARTERLY RESULTS PLN million Q1 Q2 Q3 Q4 Y Q1 Q2 Q3 Revenue from sales 333,3 355,7 358,2 370, ,7 351,1 392,4 406,1 Subsidies 7,6 8,5 8,8 10,3 35,0 11,2 11,7 9,2 EBITDA 16,8 23,0 28,6 13,0 81,4 16,7 25,2 28,2 EBIT 8,2 14,0 19,6 3,1 40,5 6,4 14,8 17,4 EBIT margin 2,5% 3,9% 5,5% 0,8% 2,9% 1,8% 3,8% 4,3% Depreciation/ Amortisation (8,6) (9,0) (8,9) (9,9) (36,4) (10,3) (10,4) (10,7) Net profit 5,7 8,7 12,9 0,6 28,2 2,1 7,5 10,6 Profit/loss Wynik na działalności on financingfinansowej activity reduced niższy by: o: - PLN 0,8 0.8 mlnmillion PLN brak lack ofprzychodów interest revenue odsetkowych from the Vantage spółek Group Grupycompanies Vantage (spin-off (wydzielonych in Q1 ) w Q1 ) - PLN 2,1 mln 2.1 million PLN wyższe higherkoszty financial finansowe expensesspółek of the GrupyGroup companies (finansowanie (the financing rozwoju organicznego of growth oraz and działań acquisitions) akwizycyjnych)

(10,3) (10,4) (10,7) Net profit 5,7 8,7 12,9 0,6 28,2 2,1 7,5 10,6 Profit/loss Wynik na działalności on financingfinansowej activity reduced niższy by: o: - PLN 0,8 0.

7 BUSINESS SEGMENTS PLN million Total Facility Management Distribution 2) Security (discontinued activity) Revenue from sales 1 047, , ,3 + 9,8% 501,7 574,2 + 72,5 14,5% 211,0 216,8 + 5,8 + 2,7% 335,1 359, , BUSINESS SEGMENT S RESULT 45,0 41,6 27,1 31,4 8,0 5,4 10,1 2,9 EBIT margin 1) 4,3% 3, 5,4% 5,5% 3,8% 2,5% 3,0% 0,8% PLN million Revenue from sales BUSINESS SEGMENT S RESULTS AFTER THE MERGER OF SEGMENTS Total Facility Management 3) Security (discontinued activity) 1 047, , ,3 + 9,8% 697,4 791,0 +93,6 + 13,4% 335,1 359,0 45,0 41,6 35,1 36,8 synergy 10,1 2,9 EBIT margin 1) 4,3% 3, 4,9% 4,6% 3,0% 0,8% 1) relative to Revenue from sales, taking account of internal service settlements 2) revenue from sales of the segment, including other companies revenue 3) revenue from sales of the merged segments, including other companies revenue effects: 13.4 % increase in revenue, including 8.9% organic growth , reduction in margin: restructuring costs in the acquired companies price war and reduction in the contract rates bad debt provisions related to 7 contracting parties in bankruptcy

AFTER THE MERGER OF SEGMENTS Total Facility Management 3) Security (discontinued activity) 1 047,3 1 149,6 + 102,3 + 9,8% 697,4 791,0 +93,6 + 13,4% 335,1 359,0 45,0 41,6 35,1 36,8 synergy 10,1 2,9

8 PAUSING THE PROCESS OF SEPARATION THE MANAGEMENT BOARD OF IMPEL S.A. DECIDES TO PAUSE THE PROCESS By way of the resolution adopted on 7 November, the Management Board of S.A. made a decision to pause the process of dividing the Group by separating and transferring the security services from S.A. to Safety S.A., initiated pursuant to Resolution No. 65/ of 10 July. JUSTIFICATION FOR THE DECISION ON THE PAUSING OF THE PROCESS The lack of a significant improvement in the Polish security market the results of the Security Segment weaker than the assumptions. The necessity of carrying out the restructuring activities (including those in the acquired companies) and development activities, making use of the consolidated potential of the Group, whose effects will be visible in the following periods. The necessity of verifying the strategic and financial decisions adopted for the purposes of the Division Plan for the Security Segment. Potential s in the legislation concerning labour costs.

JUSTIFICATION FOR THE DECISION ON THE PAUSING OF THE PROCESS The lack of a significant improvement in the Polish security market the results of the Security Segment weaker than the assumptions.

9 Thank you for your attention.

IMPEL GROUP. Performance in 2011 Management s Presentation. Warsaw 20 March 2012

IMPEL GROUP. Performance in 2011 Management s Presentation. Warsaw 20 March 2012 IMPEL GROUP Performance in 2011 Management s Presentation Warsaw 20 March 2012 IMPEL Group General Information facility management cleaning services technical maintenance of facilities telecommunication