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Results for the six months ended – Aveva

Aveva · Sep 30, 2013 · 26 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Results for the six months ended – Aveva – slide 1
    Results for the six months ended 30 September 2013
  2. Results for the six months ended – Aveva – slide 2
    Safe Harbor Statement During (and in this) presentation we make forward-looking statements. These forward-looking statements are not guarantees of future performance. Rather, they are based on current views and assumptions and are…
  3. Results for the six months ended – Aveva – slide 3
    Richard Longdon Chief Executive Copyright 2013 AVEVA Solutions Limited and its subsidiaries. All rights reserved. 3
  4. Results for the six months ended – Aveva – slide 4
    Strategic highlights Strong growth within Engineering & Design Systems, with revenue +12% AVEVA Everything 3D (AVEVA E3D) on track, with one major EPC announcing plans to migrate in 2014 Continued growth in pipeline in Enterprise…
  5. Results for the six months ended – Aveva – slide 5
    Copyright 2013 AVEVA Solutions Limited and its subsidiaries. All rights reserved.
  6. Results for the six months ended – Aveva – slide 6
    Engineering & Design Systems EPCs a number of significant licence deals in the period AVEVA E3D momentum building Customers widening use of AVEVA design tools This is an important strategic growth driver for AVEVA EPC backlogs…
  7. Results for the six months ended – Aveva – slide 7
    EDS Recent customer examples MAN Diesel & Turbo (Germany) AVEVA IE&D, including AVEVA PDMS, AVEVA Engineering, AVEVA Diagrams and AVEVA Global Daewoo Shipbuilding & Marine Engineering (Korea) Building around 70 ships per year…
  8. Results for the six months ended – Aveva – slide 8
    Enterprise Solutions Substantial pipeline and the business continues to grow Much of the opportunity lies in territories where predicting the timing of revenues is by nature more difficult; the sales cycle is much longer for ES…
  9. Results for the six months ended – Aveva – slide 9
    ES Recent customer examples Promon Engenharia (Brazil) leading EPC selected and implemented AVEVA NET and AVEVA PDMS on a large mining project for Largo Resources, Brazils first vanadium pentoxide production facility CSC Jinling…
  10. Results for the six months ended – Aveva – slide 10
    ES Customer focus - ADMA-OPCO Previously spent 75% of time spent looking for information AVEVA Laser Scanning plus AVEVA NET to facilitate a vast as built operation, creating a full digital replica of all existing assets Assets…
  11. Results for the six months ended – Aveva – slide 11
    AVEVA E3D More than 30 customers now using the AVEVA E3D platform minimal revenue YTD, though growing rapidly Superb feedback at AVEVA World Summit H214 offers a number of key strategic marketing opportunities (user groups, etc.)…
  12. Results for the six months ended – Aveva – slide 12
    James Kidd CFO Copyright 2013 AVEVA Solutions Limited and its subsidiaries. All rights reserved. 12
  13. Results for the six months ended – Aveva – slide 13
    Financial highlights Sept Sept 2013 2012 Total revenue 108.5m 97.6m 11% Constant currency revenue 106.2m 97.6m 9% Adjusted* profit before tax 32.3m 28.6m 13% Adjusted* basic EPS (pence) 35.23p 30.19p 17% Adjusted profit before…
  14. Results for the six months ended – Aveva – slide 14
    Summary income statement (statutory) Sept 2013 Sept 2012 m m Reported Normalised Total revenue 108.5 97.6 11% Cost of sales (8.5) (7.4) 15% Research and Development costs (18.7) (16.2) 15% 8% Selling and distribution expenses…
  15. Results for the six months ended – Aveva – slide 15
    Summary balance sheet Sept 2013 Sept 2012 m m Non-current assets 77.1 77.7 Accounts receivable (net of provision 4.7m, 2012 - 4.8m) 54.0 49.6 Prepayments and other receivables 8.0 9.5 Net cash and deposits 95.8 166.4 Total assets…
  16. Results for the six months ended – Aveva – slide 16
    Revenue by category Recurring revenue maintained at 70% of m H1 14 total sales 120 11.3 +3% 108.5 +11% Tokens now a major part 21.6 +11% H1 13 of rental licence income 100 11.0 97.6 Rental licences +14% 47.2 +14% 80 19.5…
  17. Results for the six months ended – Aveva – slide 17
    AVEVA revenue by geography Americas +9% EMEA +4% Asia Pacific +22% Revenue = 17.8m Revenue = 48.4m Revenue = 42.3m (2012 - 16.3m) (2012 - 46.6m) (2012 - 34.7m) EMEA Americas saw negatively good growth affected by the Korea was…
  18. Results for the six months ended – Aveva – slide 18
    Engineering & Design Systems Sept 2013 Sept 2012 m m Revenue 95.7 85.4 12% Annual fees 25.5 23.4 9% Rental licence fees 45.7 39.7 15% Recurring revenue 71.2 63.1 13% Initial licence fees 19.9 17.0 17% Services 4.6 5.3 (13%)…
  19. Results for the six months ended – Aveva – slide 19
    Enterprise Solutions Sept 2013 Sept 2012 m m Revenue 12.8 12.2 5% Annual fees 2.8 2.5 12% Rental licence fees 1.5 1.6 (6%) Recurring revenue 4.3 4.1 5% Initial licence fees 1.7 2.4 (29%) Services 6.8 5.7 19% Total revenue 12.8…
  20. Results for the six months ended – Aveva – slide 20
    Movements in net cash position Cash from operations pre tax up 32% to 30.2 million m 220 30.2 (6.7) (2.5) Strong cash conversion, (100.0) 112% in H1 (versus 91% H1 200 2012) 190.4 180 Cash outflow of 100 million Special…
  21. Results for the six months ended – Aveva – slide 21
    Outlook Momentum within EDS remains strong underpinned by global breadth, long customer relationships, new products and high recurring revenues ES opportunity undiminished, the significant pipeline continues to grow We remain the…
  22. Results for the six months ended – Aveva – slide 22
    Appendices Copyright 2013 AVEVA Solutions Limited and its subsidiaries. All rights reserved. 22
  23. Results for the six months ended – Aveva – slide 23
    Summary cash flow Sept 2013 Sept 2012 m m Net cash from operating activities 30.2 22.9 Tax paid (6.7) (9.4) Capital expenditure (net) (2.5) (2.4) Acquisitions - (11.5) Interest received (net) 0.6 0.7 Purchase of own shares (0.7)…
  24. Results for the six months ended – Aveva – slide 24
    Operating expenditure (normalised) Sept 2013 Intangible Share FX gains/ Exceptional Sept 2013 - Sept 2012 reported amortisation based (losses) items normalised normalised m payments Total revenue 108.5 108.5 97.6 Cost of sales…
  25. Results for the six months ended – Aveva – slide 25
    AVEVA products and competitive landscape Conceptual Detailed Construction & Design FEED Design Commissioning Operations Decommissioning Project phase 2-6 years (c.1.6 billion) Operations phase up to 50 years (2 billion)…
  26. Results for the six months ended – Aveva – slide 26
    Definition of terms Item Definition Initial Licence Fee Initial Licence Fee (ILF) - users are charged an initial licence fee per seat together with an obligatory annual fee. Charged in association with an ILF providing customer…

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