AVEVA Group plc Results for the year ended 31 March 2015 19 May 2015
CEO review Richard Longdon, CEO Copyright 2015 AVEVA Solutions Limited and its subsidiaries. All rights reserved.
Highlights AVEVAs business model has shown resilience Results in line with expectations against a difficult demand backdrop Organic c/c revenue of 220.4 million (FY14: 237.3 million) Adj. PBT 62.1 million (FY14: 78.3 million)…
Innovation Further extended our industry leadership AVEVA E3D in the AVEVA NET Cloud - Major enhancements - Highly flexible and - Improved 3D cost efficient interaction, - Seamless, secure visualisation, interface navigation…
Global Accounts Maximising competitive advantage Investing in latest AVEVA technology to maximise business benefit, create efficiencies Active across a range of end markets, not just Oil & Gas Notable enhanced relationship with…
Partner network Broadened and deepened Global alliance with Capgemini to provide DiALM solution, based on AVEVA NET, for asset-intensive industries New partnership with EMC for an integrated software solution in capital projects…
AVEVA E3D Strong pace of adoption continues At March 15, 230 customers and cumulative revenue 11m since launch Catalyst for more One AVEVA solution sales Notable deals included Atkins, KBR, Tianchen, D3SCOM, and Aker Solutions…
Acquisition of 8over8 Contract risk management Risk management software solution for increased project control and capital discipline for high value, complex projects Through using ProCon, customers have saved 12.4 billion in…
End markets Update Oil & Gas Marine Power Chemical & Other Petrochem Opportunity Stable outlook but New build in North America a Metals & Mining downstream no signs of a developing particularly active sustained recovery economies…
Customer examples Recent success stories Upstream onshore Oil & Gas Owner Operator. Selected AVEVAs Digital Asset approach for engineering data management. Multiple products including AVEVA IE&D, AVEVA Bocad, AVEVA NET, AVEVA ERM…
Financial review James Kidd, CFO Copyright 2015 AVEVA Solutions Limited and its subsidiaries. All rights reserved.
Summary income statement Organic 8over8 FY 2015 FY 2014 m m m m Total revenue 207.6 1.1 208.7 237.3 Cost of sales (15.2) (0.3) (15.5) (17.4) Gross profit 192.4 0.8 193.2 219.9 Operating expenses (130.0) (1.4) (131.4) (142.1) Net…
Summary balance sheet March 2015 March 2014 m m Non-current assets 90.9 74.0 Accounts receivable (net of provision 5.6m (2014 - 5.2m)) 88.6 77.8 Other receivables 10.1 8.6 Net cash and deposits 103.8 117.5 Total assets 293.4…
Organic revenue by category 2014/15 2014/15 Constant 2013/14 Reported currency* Reported m m m Change Annual fees 60.2 64.4 57.1 13% Rental licence fees 97.2 102.2 109.9 (7%) Recurring revenue 157.4 166.6 167.0 - Initial…
Organic cost base 2014/15 2014/15 Constant 2013/14 Reported currency* Reported m m m Change Cost of sales 15.2 16.1 17.4 (7%) Research & Development 28.1 29.3 32.9 (11%) Selling & distribution 85.3 90.3 90.4 Administrative…
Cost base (2) Reduction in opex of 10m+ in H2 delivered against original plan Total costs in constant currency terms reduced by 3% v FY14 FY16 focus on efficiency and effectiveness Further action taken on costs in FY15/16 to offset…
Adjusted profit before tax Profit analysis margin 29.8% (2014 33%) Reduction in revenue offset in part by reduced costs Small loss from 8over8 in its 80 78.3 (29.7) first quarter post acquisition 70 12.1 (0.2) (0.6) 62.1…
Movement in net cash position 250 200 45.1 (14.2) 150 (2.7) (25.6) million 117.5 (17.6) 1.3 103.8 100 50 0 31-Mar-14 Cash from Tax CAPEX Acquisitions Dividends FX/other 31-Mar-15 operations Cash from…
Segmental reporting update AVEVAs segmental reporting will change for FY16 One AVEVA initiative firmly established within Sales We are seeing an acceleration in the convergence of our Engineering Design Tools and Information…
Summary and outlook Richard Longdon, CEO Copyright 2015 AVEVA Solutions Limited and its subsidiaries. All rights reserved.
Outlook Capitalising on AVEVAs traditional strengths Industry-leading technology First-class customer service Drive further penetration of installed base via innovative new products Focus on efficient use of resources, balancing…
Appendices Copyright 2015 AVEVA Solutions Limited and its subsidiaries. All rights reserved.
Revenue by category 2014/15 Organic Organic 2014/15 Constant 2013/14 Constant Organic 8over8 Reported Currency* Reported Currency m m m m m change Annual fees 60.2 0.5 60.7 64.4 57.1 13% Rental licence fees 97.2 0.3 97.5 102.2…
Cost base 2014/15 Organic Organic 2014/15 Constant 2013/14 Constant Organic 8over8 Normalised Currency* Normalised Currency m m m m m change Cost of sales 15.2 0.3 15.5 16.1 17.4 (7%) Research & 28.1 0.8 28.9 29.3 32.9 (11%)…
Summary cash flow FY 2015 FY 2014 m m Net cash from operating activities 45.1 70.2 Tax paid (14.2) (18.2) Acquisitions (25.6) - Capital expenditure (net) (2.7) (4.9) Interest received (net) 0.7 1.1 Purchase of own shares…
Engineering & Design Systems FY 2015 FY 2014 m m Revenue 182.7 211.5 Annual fees 54.7 51.4 Rental licence fees 92.7 105.5 Recurring revenue 147.4 156.9 Initial licence fees 27.4 45.5 Services 7.9 9.1 Total revenue 182.7…
Enterprise Solutions Organic 8over8 FY 2015 FY 2014 m m Total m m Revenue 24.9 1.1 26.0 25.9 Annual fees 5.6 0.5 6.1 5.7 Rental licence fees 4.5 0.3 4.8 4.5 Recurring revenue 10.1 0.8 10.9 10.2 Initial licence fees 3.7 - 3.7…
Currency effect on revenue FY16 Currency % of FY15 A: Average B: Spot rate Delta FY16 rev revenue rate FY15 31/3/15 (A / B) impact EMEA 50% -7% EUR 1.27 1.36 +7% NOK 10.78 11.85 +10% RUB 72.43 85.83 +18% Asia Pacific 32% 1%…
Definition of terms Item Definition Initial Licence Fee (ILF) - users are charged an initial licence fee per seat together with an obligatory annual Initial Licence Fee fee. Charged in association with an ILF providing customer…
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