AVEVA Group plc Results for the six months ended 30th September 2014 www.aveva.com
Strategic highlights H115 result in line with mid-September guidance Significant deals signed during the period, acceleration in AVEVA Everything 3D (AVEVA E3D) The benefits of One AVEVA starting to show in new deals Solid revenue…
Summary income statement (statutory) Sept 2014 Sept 2013 Change m m Total revenue 85.9 108.5 21% Cost of sales (7.5) (8.4) Research and Development costs (15.6) (18.7) 17% Selling and distribution expenses (40.5) (44.2) 8%…
Summary balance sheet Sept 2014 Sept 2013 m m Non-current assets 69.5 77.1 Accounts receivable (net of provision 6.0m (2013 - 4.7m)) 46.0 54.0 Other receivables 7.5 8.0 Net cash and deposits 116.4 95.8 Total assets 239.4…
Rental licence fees Rental licence fees were approx. 13 million down v H1 2013/14 on a constant currency basis Impacted by specific factors Phasing of key rental contracts which are due to renew in H2 worth 7.0 million Brazil…
Opex H1 2014/15 Constant H1 2014/15 H1 2013/14 Constant currency million Reported Reported Currency change Research & Development 15.6 16.2 18.7 (13%) Selling & distribution 40.5 43.4 44.1 (2%) Administrative expenses 8.4…
Cost base Direct action taken to manage cost base c. 10 million saving in H2 vs plan 4 million deferred recruitment, 3 million discretionary spend, 3 million bonus and commission FX also expected to have 4% impact on the cost…
Movement in net cash position 180 160 22.5 (7.9) 140 (1.7) (14.0) 117.5 120 116.4 100 80 60 40 20 0 31-Mar-14 Cash from operations Tax Cap Ex Dividend 30-Sep-14 Operating cash flow 22.5 million (2013 - 30.2…
CEO review Richard Longdon 16
Strategic overview Current industry trends Global accounts AVEVA E3D and AVEVA NET Customer examples AVEVA World Summit 2014 feedback AVEVA E3D in the Cloud Outlook Copyright 2014 AVEVA Solutions Limited and its subsidiaries.…
Oil & Gas Long term outlook remains strong, but short term slower global growth and oversupply is affecting E&P spend IOCs delaying high-breakeven projects, reducing headcount and focusing on capital discipline Under the right…
Power Consistent growth as world energy demand increases and existing infrastructure ages Global energy consumption continues to accelerate despite stagnant global GDP* Strong growth in renewables, now 22% of the global mix Last…
Marine The new normal expect the market to remain flat considering the world economy The outlook for global GDP is key, as it remains a fundamental driver of the Marine industry Order books for conventional shipbuilding have…
Global Accounts Multi-year agreements provide visibility and revenue upside Expansion of product footprint to include AVEVA Integrated Engineering & Design solutions (AVEVA IE&D) and AVEVA NET As a result of these new…
AVEVA E3D Good momentum maintained in AVEVA E3D during H1 Strong sales in September Cumulative revenue since launch now exceeds 5 million Increasing deal sizes Largest deployment at a single customer is now over 120 seats…
Selected customer examples Atkins AVEVA E3D and AVEVA Laser Modeller to support lean construction processes KBR AVEVA E3D for major capital projects Keypro Ingeneria S.A. Migrated to AVEVA E3D from AVEVA PDMS NGLTech AVEVA…
AVEVA NET Steady progress, increasing usage among EPCs and OOs Since period end significant deal with a major North American OO, combining both EDS tools and AVEVA NET Also, our first contract with a pure play Canadian oil sands…
AVEVA World Summit 2014 This years Summit in Berlin saw a record attendance Over 300 delegates from 36 countries Over 75% of delegates from C- Level and department / project management Around 20% from Owner Operators Key…
Berlin reaction to E3D in the Cloud A secure solution which accommodates the complexity of engineering project IT An open and customisable solution Cost-effective flexibility for customers Since the Berlin demo, we have…
Outlook Customer feedback suggests overall market growth in H2, although it is a mixed picture Uncertain global economic backdrop with regional difficulties in Brazil, South Korea and Russia over the medium term We remain focused…
Appendices 28
Currency effect on revenue H1 FY15 Currency % of FY14 A: Average B: Average Delta H1 FY15 rev revenue rate H1 rate H1 (A / B) impact FY15 FY14 EMEA 51% -6% EUR 1.24 1.17 +6% NOK 10.26 9.12 +12.5% RUB 59.75 49.77 +20% Asia…
Summary cash flow Sept 2014 Sept 2013 m m Net cash from operating activities 22.5 30.2 Tax paid (7.9) (6.7) Capital expenditure (net) (1.7) (2.5) Interest received (net) 0.4 0.6 Purchase of own shares (0.3) (0.7) Dividends paid…
Definitions Item Definition Initial Licence Fee (ILF) - users are charged an initial licence fee per seat together with an obligatory Initial Licence Fee annual fee. Charged in association with an ILF providing customer support and…
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