Financial Results of the Asseco Group for the 1 st quarter of Warsaw, 14 May 2009

Transcription

1 Financial Results of the Asseco Group for the 1 st quarter of 2009 Warsaw, 14 May 2009

2 Agenda Summary of the 1 st quarter of 2009 Nearest plans 2

3 Financial highlights Consolidated data Sales* Proprietary software and services* % +122% Q Q Q Q 2009 EBIT* Net profit* % % 75 1Q Q Q Q 2009 * figures in PLN millions 3

4 Breakdown of sales revenues Consolidated data by products* by sectors* Proprietary software and services 408 / 57% / +122% Third-party software and services 108 / 15% / -7% Banking and finance 311 / 44% / +43% TOTAL 710 Computer hardware and infrastructure 117 / 17% / +81% TOTAL 710 Enterprises 223 / 31% / +55% Outsourcing 41 / 6%/ +66% Telco 32 / 4% / +71% Other 4 / 1% / -36% Public administration 176 / 25% / +230% * figures in PLN millions / as % of total sales in 1Q 2009 / % change vs. 1Q

5 Financial highlights Asseco Poland + ABG + Asseco Systems Sales* Proprietary software and services* % +208% Q Q Q Q 2009 EBIT* Net profit* % % 99 1Q Q Q Q 2009 * figures in PLN millions 5

6 Financial highlights Standalone data Sales* Proprietary software and services* % +148% Q Q Q Q 2009 EBIT* Net profit* % % 87 1Q Q Q Q 2009 * figures in PLN millions 6

7 Breakdown of sales revenues Standalone data by products* by sectors* Proprietary software and services 151 / 64% / +149% Third-party software and services 68 / 29% / -9% Banking and finance 145 / 62% / +7% TOTAL 236 TOTAL 236 Computer hardware and infrastructure 12 / 5% / -23% Enterprises 26 / 11% / +712% Outsourcing 2 / 1%/ +17% Public administration 64 / 27% / +346% Other 2 / 1% / +471% * figures in PLN millions / as % of total sales in 1Q 2009 / % change vs. 1Q

8 Financial liquidity Asseco Poland* Asseco Group* Short- and long-term debt (96.5) (200.4) Cash and cash equivalents Cash debt (44.2) Receivables Liabilities (126.0) (278.9) of which: Investment credit 92 of which: Asseco Slovakia 144 Asseco Poland 52 ABS 39 Gladstone 25 ABG 20 Inventories Operating balance In the nearest future: payment of dividend by Asseco Poland = PLN 70 million * figures in PLN millions; as at 31 March

9 Backlog orders 1Q-4Q 2009 Sales (consolidated)* 75%** Proprietary software and services (consolidated)* %** backlog backlog Sales (standalone)* Proprietary software and services (standalone)* +111% 87%** backlog +104% 109%** backlog * as at 8 May 2009; figures in PLN millions; as percentage of 2008 sales; data restated at mid exchange rates of 8 May

10 Summary of the 1 st quarter of 2009 Operating activities Continuation of the key projects PKO BP, ZUS, PZU, ARiMR New agreements with the existing clients Polish Telecom general agreement (Asseco Poland, ABG, Asseco Systems) Tele-Fonika Kable implementation of the SAP ERP system DI BRE, DM PKO BP contracts for modification of the Promak Plus software ING Bank Śląski modifications of the IBOL and ING BankOnLine systems Fortis Bank new licenses and data migration services 10

11 Summary of the 1 st quarter of 2009 Distribution of competence in Poland Banking Insurance companies Public administration Key enterprises Enterprises Self-government administration Healthcare Uniformed services Electric power industry Agriculture Telecommunication Municipal utility enterprises IT infrastructure integration 11

12 Summary of the 1 st quarter of 2009 Investing and financing activities Investments Raxon Informatica acquisition of a 55% stake in a Spanish IT integrator Matrix42 USA disposal of the company's American division Acquisition of a 55% stake in Alatus Financing activities Dividends received Novum, Combidata, Asseco Slovakia in total PLN 27 million Net debt of Asseco Poland PLN (44) million Net cash of the Asseco Group PLN 164 million Proposal of dividend payment by Asseco Poland in the amount of PLN 70 million or PLN 1,03 per share 12

13 Summary of the 1 st quarter of 2009 Product synergies Joint activities 21 concepts of product synergies 51 joint sales initiatives 41 offers placed Program ID Ready in preparation Promotion of the Asseco Group in the corporate headquarters (Unicredit, KBC, DB ) Most popular products Empirum Pro (matrix42) SxS authentication server (ASEE) Jimba m-banking (ASEE) TOMS/AMES (Asseco Czech Republic) StarINS (Asseco Slovakia) Most active companies Asseco Poland Asseco Slovakia Asseco South Eastern Europe Asseco Czech Republic Asseco Spain 13

14 Agenda Summary of the 1 st quarter of 2009 Nearest plans 14

15 Nearest plans Asseco Slovakia Project to create Asseco Central Europe Merger of LCS and Datalock = Asseco Solutions Further acquisitions in Slovakia, Czech Republic, and Hungary 15

16 Nearest plans Asseco South Eastern Europe Swap of minority interests for shares of ASEE IPO at the WSE Company mergers in particular countries Changes of corporate names of some companies Further acquisitions (4 companies, total net profit = EUR 4.3 million) 16

17 Nearest plans Asseco DACH Mergers of AP, matrix42 & update4u software Transfer of Uniquare to Asseco DACH Further acquisitions IT solutions for banking and enterprises 17

18 Nearest plans Asseco South Western Europe Raxon Informatica Spanish IT integrator We are starting negotiations with 7 companies 18

19 Nearest plans Asseco Northern Europe 3 companies in the range of interest 1 company advanced negotiations 19

20 Thank you for your attention