Disclaimer - Erratum Other than existing published figures, the figures given in this presentation are estimated, non-audited, internally generated values. This document and the information contained herein are not, and should not be considered as, an offer to purchase or subscribe any security nor as an invitation to participate in any public offering. The release of this document may in certain countries be subject to specific restrictions. Any recipient of this document shall be responsible for checking and complying with such applicable restrictions." This document contains forward-looking statements made on the basis of the current beliefs, expectations and assumptions of management, are not guarantees of performance and are subject to significant risks and uncertainty. These forward-looking statements should not be relied upon as predictions of future events and no assurances are made that the events or circumstances discussed or reflected in these statements will be achieved or will occur. If such forward-looking statements prove to be inaccurate, the inaccuracy may be material. You should not regard these statements as a representation or warranty by any person that these objectives will be achieved in any specified timeframe, or at all. This English translation is for the convenience of English-speaking readers. However, only the French text has legal value. Consequently, the translation may not be relied upon to sustain any legal claim, nor should it be used as the basis of any legal opinion. Cegid Group expressly disclaims all liability for any inaccuracy herein. Erratum : inaccuracies regarding people working exclusively in the HRIS and People Management sectors were identified in the 1 December 2015 slide show; the present slide show serves as a corrected version. 2
15/01/2016 CEGID 3 CORPORATE FOCUS CEGID GROUP
Cegid Key figures FOUNDED IN 1983 LISTED SINCE 1986 EURONEXT PARIS COMPARTMENT B 400,000 USERS 120,000 SITES 267 M SALES IN 2014 >2,000 CA EMPLOYEES 4,000,000 CEGID PAYSLIPS 27,000 POINT OF SALES 4 Cegid - Technomedia - December 2015
Our five strategic priorities INNOVATION CLOUD SAAS INDUSTRY EXPERTISE ECOSYSTEM INTERNATIONAL 5 Cegid - Technomedia - December 2015
Cegid, Saas & Cloud expert BREAKDOWN OF SALES* SAAS & LICENCES 58% SAAS PLATFORM USERS CHANGE 120 000 95 000 75 000 2012 2013 2014 USERS + 26 % 42% * Consolidated Sales - 2014 Licences SaaS CEGID, A LEADER IN SAAS 3 Enterprise management software PAC, March 2015 TOP 8 REVENUE 2014 1 Salesforce.com US 168 M 2 Capgemini FR 140 M 3 Google US 93 M 4 Microsoft US 69 M 5 Cegid FR 46 M 6 Adobe Systems US 45 M 7 ADP US 33 M 8 SAP DE 28 M 6 Cegid - Technomedia - December 2015
Breakdown of sales - 2014 TYPE SSRS and services CPAs / small co s Large corporates Retail Public sector 19% 7% 36% 38% 21% 35% 44% EXPERTISE SSRS and services INDUSTRIES FINANCE / TAX PAYROLL / HR SIZE Number of employees 26% 46% 11% 2% 87% INTERNATIONAL <50 50-500 >500 28% RETAIL FINANCE / ADMIN MANUFACTURING 7 Cegid - Technomedia - December 2015
FOCUS CEGID - HR
Cegid, a market leader 1 st FRENCH SAAS SOFTWARE VENDOR 4,000,000 PAYSPLIPS 1,500 SITES (BB/SMB) No. 3 HR SOFTWARE VENDOR IN FRANCE >225,000 EMPLOYEES MANAGED BY THE CEGID CLOUD 410 PEOPLE DEDICATED TO HR 9 Cegid - Technomedia - December 2015
Our expertise PAYROLL MANAGEMENT & ADMINISTRATION TIME & ACTIVITY MANAGEMENT HR PLANNING SOCIAL MANAGEMENT CONTROL TRAINING ANNUAL APPRAISAL & EVALUATION JOB & SKILLS 10 Cegid - Technomedia - December 2015
Go to market MARKET POTENTIAL CHANNELS OFFERS SEGMENTS & MARKET SHARE BIG 300 POTENTIAL 900 companies DIRECT SALES CONSULTING COMPANIES YC RHPI YOURCEGID RH PLACE I 110 clients 12% Market share 3000 staff MID SIZE 2 200 POTENTIAL 2 200 companies DIRECT SALES INSIDE SALES YC FRONT RH YOURCEGID FRONT RH 490 clients 22% Market share SMALL 29 500 POTENTIAL 29 500 companies INDIRECT SALES DIRECT SALES WEB STORE INSIDE SALES YC RH Y2 YOURCEGID BUSINESS PLACE RH 500 staff 3 000 Clients 10% Market share 50 staff 11 Cegid - Technomedia - December 2015
SaaS is driving the growth of our HR Business TURNOVER (W/O SMALL BUSINESS & PUBLIC SECTOR) SAAS REVENUE 32 31,5 31 30,5 30 29,5 29 28,5 2012 2013 2014 24 % 86 % SaaS On premise 12 Cegid - Technomedia - December 2015
Solutions tailored to companies of any size SMALL & MEDIUM BUSINESS LARGE BUSINESS 13 Cegid - Technomedia - December 2015
15/01/2016 CEGID 14 CORPORATE FOCUS CEGID INTERNATIONAL
International Subsidiaries LONDON MILAN MADRID BARCELONA PORTO RETAIL SOLUTIONS DEPLOYED IN >75 COUNTRIES NEW YORK SAN DIEGO TOKYO SHENZHEN SHANGHAI CASABLANCA MOSCOW ABIDJAN 15+ SUBSIDIARIES >25 LANGUAGES SAO PAOLO U.A.E. 15 Cegid - Technomedia - December 2015
International expansion / organic growth and acquisitions GROWTH FOCUS ON AFRICA ALTAVEN A NEW AREA OF INTERNATIONAL DEVELOPMENT > 25% INTERNATIONAL SUBSIDIARIES 1.8M IN SALES 1,200 CUSTOMERS A TAX PLATFORM FOR LARGE GROUPS 16 Cegid - Technomedia - December 2015
Acquisitions: International RETAIL CEGID USA POSITIONING STRENGTHENING SKILLS INSTALLED BASE NEW SOLUTIONS/TECHNOLOGIES > 40 PEOPLE >200 CUSTOMERS 30 PEOPLE INTERNATIONAL EXPANSION >800 STORES SALES > $5M > 3,600 POS SALES > $7M RECURRING > 40% RETAIL USA 17 Cegid - Technomedia - December 2015
INTERNATIONAL HR / TALENTS MARKET
International Talent management market Why must Cegid establish a presence? Administrative management of staff Social factors Strategic talents management ( People Management) On premise licensing method Economic & technological factors Switching to Saas & MOBICLO strategy 19 Cegid - Technomedia - December 2015
People Management : A fast-growing sector Oracle SAP MERGERS & ACQUISITIONS SAP / Succes Factor 3,4 Bn $ Oracle/Taleo 1,9 Bn $ ADP/The RightThing Talentia/Cezanne * Source / cxp * 5,43 +18,5 % * 5,64 +7,6 % Bn in 2016 *Bn in 2016 FUNDRAISING Talensoft 25 M Peopledoc 28 M Talent IO/Alcuis JobTeaser/Clustree Venture investing in human resources and recruitment software this year is on track to surpass the all-time high of $859 million that was set in 2000, the end of the dot-com bubble. For the first half of 2015, $811.6 million was invested in these startups, according to Dow Jones VentureSource, compared with $569.8 million for all of 2014 and $233.6 million for the year before that. ( AG and Co) 20 Cegid - Technomedia - December 2015
Talent management market with Technomedia AT A GLANCE Talent Expert since 1996 Focus Big Companies HQ : Montreal, Québec Staff : 146 (+75% of staff located in N. America) No customer represents more than 3.5 % of total turnover 1996 72% Saas 6 FINANCIAL HIGLIGHTS (millions of CAD Jul. FY) FY11 FY15 Turnover 15,7 21,8 Recurring revenue (ARR) 6,9 15,8 ARR - % of total turnover 44% 72% WORLWIDE PRESENCE AWARDS #1 for Global Enterprises / BERSIN ranking in customer satisfaction 6 sites : Montreal, New York, Paris, Toulouse, Düsseldorf & Hong Kong Located in 7 Datacenters in North America, Europe & Asia GARTNER Magic Quadrant / Talents Management solutions (since 2014) Recognized as an innovative company by Aragon Research Globe for Enterprise Learning 2015 21 Cegid - Technomedia - December 2015
Technomedia : an international business model focused on the Saas Sales by Region 69% 72% CANADA 22% USA 37% FRANCE/ EUROPE 41% 55% 57% 44% $15,929 $14,375 $12,056 $12,801 $6,962 FY11 FY12 FY13 FY14 FY15 Recurring revenues % Recurring revenues 22 Cegid - Technomedia - December 2015
People management : Technomedia Value proposition TALENT ACQUISITION LEARNING & DEVELOPMENT PERFORMANCE MANAGEMENT TALENT MANAGEMENT COMPENSATION MANAGEMENT WORKFORCE PLANNING & BI SOCIAL CONNECTIONS & MOBILE 23 Cegid - Technomedia - December 2015
World-class customers 24 Cegid - Technomedia - December 2015 MORE THAN 80% OF TECHNOMEDIA FRENCH CUSTOMERS ARE CEGID CLIENTS (FINANCE/ TAXATION/HR/ RETAIL/ INDUSTRY ).
CEGID + TECHNOMEDIA, A NEW LEADER IN HR MANAGEMENT
Cegid Tomorrow a comprehensive People management offer for managers and HR directors Solution de gestion des Global Talents HR management solution + services Solution de Paie International, business oriented, mobile, collaborative, legal Internationale et métier Locale et légale Portal Mobile App Dashoard Paperless payslips Etc Employees & Managers Services HIRING CAREERS INTELLIGENCE PAYROLL DSN LINK HR SERVICES Cegid Core HR REMUNERATION TRAINING TALENTS Gestion administrative LOCAL PAYROLL MANAGEMENT SYSTEMS API connectors Global HR repository 26 Cegid - Technomedia - December 2015 Application X Application Y Information System Application Y
Synergies & harmonies International presence Mutual and quicker access to the market (Medium / Big) A unique & integrated HR solution on the French market A common SaaS strategy A key player in HR management systems 71 M 4,000 clients 560 staff Focus & synergies Innovation 27 Cegid - Technomedia - December 2015
Cegid + Technomedia : international activities* 47%** 43% 6% International operations will increase from 8% of Total Sales to over 12%, with 81% growth (35 M ) 4% * Cegid proforma 12 months sales (including JDS) + Technomedia proforma 12 months sales Estimated unaudited data ** including sales done in France on behalf of international companies (mainly Retail) 28 Cegid - Technomedia - December 2015
Combined financial structure - proforma* (includes JDS, Altaven, Magelia & Technomedia acquisition) Actif Immobilisé Industrial * assets 335 ** Equity 211 M 335 M Net debt 68 M Provisions 31 M 31/12/14 42.5 M Gearing ~ 32 % Leverage ** ~ 0.9 Current assets 76 M Current liabilities 101 M ** Covenant : leverage < 3 Total Assets : 411 M Total Liabilities : 411 M * Based on Cegid s estimated consolidated position as at 30/09/2015, adjusted for leverage as at 30/10/2015, for the impact of the Technomedia acquisition, and on Technomedia s adjusted consolidated balance sheet as at 31/07/2015 (excluding debt and before IFRS adjustment) ** Estimated initial consolidation discrepancy: 24/25 M 29 Cegid - Technomedia - December 2015
Enlargement of Cegid's international functional scope FINANCE ACCOUNTING TAXATION HUMAN RESSOURCES RETAIL MTS ACOUNTING PROFESSION RETAIL TRADE PUBLIC SECTOR MANUFACT. SERVICES PUBLIC SECTOR HR / TALENTS 30 Cegid - Technomedia - December 2015
Cegid is gaining ground in promising markets DIGITAL CEGID GROWING FRENCH MARKET GROWTH EXPECTED IN INTERNATIONAL MARKETS LEADER IN SAAS INNOVATION IN PHASE WITH NEW WAYS OF WORKING VERY RECURRING BUSINESS MODEL AMBITION : TO CROSS THE THRESHOLD OF 300 MILLION IN SALES VERY SOON OPEN TO THE COMMUNITY & FOCUSED ON INTERNATIONAL CONQUEST 31 Cegid - Technomedia - December 2015
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