Interim results Q4 2009

© EDB Business Partner > slide 2Presentation > 4 Quarter 2009

Revenue 1,917 million (10% y/y)

EBITA 168 million (12% y/y)

EBITA margin 8,8 %

Q4 HIGHLIGHTS GROUP

Cost program secures sustainable margin

B&F continues to outperform market

New signings NOK 1.4 bn (+64% y/y)


Q4 2009 KEY METRICS

Revenue

1,917Q4 08: NOK 2,145 mill (-10%)

EBITA

168Q4 08: NOK 193 mill (-12%)

CAPEX

62Q4 08: NOK 71 mill (-13%)

Cash-flow

374Q4 08: NOK 606 mill (-38%)

EBIT

117Q4 08: NOK 135 mill (-13%)

EPS (NOK)

0.59Q4 08: NOK 0.54 (+9%)

Numbers in NOK million

BUSINESS

AREASHighlights

Key figures


Q4 HIGHLIGHTS – IT OPERATIONS

Increased EBITA margin

due to effects from cost

program

Managing CAPEX

New signings NOK 450

million

Extended agreement with

Coor; SEK 200 million

(NOK MILLION) Q4 2009 Q4 2008* Y/Y

Operating revenue 1,110 1,211 -8%

EBITA 97 101 -4%

EBITA % 8.7 8.4

CAPEX 58 58 0%

Employees 2,004 2,030

* Pro forma figures

IT Operations

55 %


(NOK MILLION) Q4 2009 Q4 2008* Y/Y

Operating revenue 506 626 -19%

EBITA 48 60 -20%

EBITA % 9.4 9.6

CAPEX 3 5 -40%


Q4 HIGHLIGHTS – APPLICATION SERVICES

High utilisation; 78%

Revenue affected by

lower market prices

Securing margin by

managing sub-

contractors

Integrating Nordic and

Global units

5 year SAP-agreement

with Falck* Pro forma figures

Application Services

25%


Q4 HIGHLIGHTS – SOLUTIONS

(NOK MILLION) Q4 2009 Q4 2008 Y/Y

Operating revenue 405 382 6%

EBITA 51 52 -2%

EBITA % 12.6 13.7

CAPEX 2 3 -33%

Employees 1,006 985

B&F gaining share with

organic growth 7% y/y

Partnership agreement

with Sparebanken Vest

Continued strong EBITA

despite high use of sub-

contractors

New card services contract

NOK 50 million

Deliver solutions for the

Norwegian National Budget

Solutions

20 %

2009Highlights and

Key figures


HIGHLIGHTS 2009 – GROUP

Revenue decrease in line

with market development

Strong growth B&F; +6% y/y

All-time high signings;

NOK 8.6 bn

(NOK MILLION) 2009 2008 Y/Y

Operating revenue 7,492 7,871 -5%

EBITA 603 724 -17%

EBITA % 8.1 9.2

Operational

cash-flow 591 759 -22%

CAPEX 215 329 -35%



STRONG CAPITAL DISCIPLINE IN 2009

Significant effect from restructuring program– OPEX reduced by NOK 400 million (5,5%)

– CAPEX reduced by NOK 114 million (35%)

– Total spending reduced by NOK 514 million

Sustaining CAPEX level due to more leasing and

lower HW cost

CAPEXOPEX

7 288

6 888

6 600

6 900

7 200

7 500

2008 2009

329

215

0

200

400

600

2008 2009


ENTERING 2010 WITH SOLID BACKLOG; 12.6 BN

Order backlog secures visibility

(NOK MILLION) 2009

DnB NOR 3 800

4 sparebanker(*) 800

Sparebanken Vest 500

Green Cargo 300

REC 225

Stor-Stockholm Lokaltrafikk 200

Posten Sverige 150

Sparebanken Pluss 150

Centrala Studiestödsnämnden 100

Storebrand 100

Ten largest signings 2009

* Sparebanken Sør, Sparebanken Helgeland, Sparebanken

Sogn og Fjordane, Gjensidige Bank

4 978

3 230

2 1122 300

0

1 000

2 000

3 000

4 000

5 000

6 000

2010 2011 2012 2013

OUTLOOKFuture prospects


NORDIC IT SERVICES MARKET NOK 130 BN

CHALLENGING 2009

Significant reduction in

IT spending

Customers adjusted to

economic conditions

– Cost oriented

– Postponed projects

Impact on IT-services

– Reduced volumes

– Price pressure

– Increased outsourcing pipeline

Expect modest spending in 2010

IDC survey January 2010 n = 600

Significant increase

6.0 %

Modest increase

19.2 %

About the same

50.2 %

Modest decline

14.3 %

Significant decline

10.3 %


Illustration photo

STRATEGIC GROWTH PRIORITIES BANK & FINANCE

Still potential in Norway

– Secured customer base

– Aggressive product launches

Double-digit growth international

– Channel and Card solutions

– Service based delivery model to tier 2-3

Launching iPhone apps.

– Banks to start use solution Spring 2010

– Improves availability and customer satisfaction

EDB to launch bank apps

on iPhone spring 2010

CLEAR OPERATIONAL PRIORITIES 2010S

us

tain

ed

va

lue

cre

ati

on Develop and Attract Talent

Accelerated organic growth

Increase Agility and Competitiveness

One improved EDB

THE BEST PARTNER for creating lasting

value from information

technology for Nordic customers around the world.

SUMMARY


New signings NOK 8.6 bn

Strong visibility through NOK 12.6 bn in backlog

Balanced revenue mix

Significant effect from restructuring program

Bank & Finance outperforming market

SUMMARY Q4 AND 2009 – GROUP

Interim results Q4 2009

Economy & Finance

Transcript of Interim results Q4 2009