First quarter 2010
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Transcript of First quarter 2010
1 Quarter 2010 EDB
April 20, 2010
One improved EDB launched
Capabilities aligned and coordinated
New and powerful consulting unit in place
Card Services in solutions area in B&F
Enabling synergy realizationEnabling synergy realization
Simplified legal structure
New logo symbolize the change
Very positive feedback from customersVery positive feedback from customers
Page 21 Quarter 2010
Q1 highlights Group
Revenue 1,824 million (5% y/y)
EBITA 134 million 0% y/y3 % y y
EBITA margin 7.4 %
P iti t d ft h ll i 2009P iti t d ft h ll i 2009Positive revenue trend after challenging 2009Improved EBITA marginPositive revenue trend after challenging 2009Improved EBITA marginNew signings NOK 1.3 bnNew signings NOK 1.3 bn
Page 31 Quarter 2010
Q1 Key metrics
(NOK illi )
Revenue
1 824EBITA
134EBIT
92(NOK million)
1,824 134 92Q1 09: NOK 1,936 mill (-5%) Q1 09: NOK 135 mill (0%)
CAPEXCash-flow
Q1 09: NOK 105 mill (-12%)
EPS (NOK)
37-182( )
0.4037Q1 09: NOK 39 mill (-5%)
182Q1 09: NOK 19 mill
0.40Q2 09: NOK 0.49 (-18%)
Page 41 Quarter 2010
Positive Y/Y revenue trend
Change in revenue per quarter y/y
1 Quarter 2010Page 5
Revenue distribution
Revenue by business area Revenue by industry
1 Quarter 2010Page 6
Solid order backlog NOK 12,1 bn
ONew signings Q1 NOK 1,3 bn
Order backlogIT Operations NOK 8 8 bn K
mill
Order backlog secures visibility
– IT Operations NOK 8,8 bn– Solutions 2,7 bn– Consulting 0,6 bn
NO
K
1 Quarter 2010Page 7
HighlightsK fi
BUSINESS AREAS
Key figures
Q1 highlights – IT Operations
(NOK MILLION) Q1 2010 Q1 2009* Y/YOrganic growth in all segments except Industry
(NOK MILLION) Q1 2010 Q1 2009* Y/Y
Operating revenue 1,076 1,102 -2%
EBITA 85 74 15%
Continued cost control secures strong EBITA gro th
EBITA % 7.9 6.7
CAPEX 32 33 -4%
Employees 1,987 1,913growth
Managing Capex; -4% y/y
Employees 1,987 1,913
New signings NOK 700 million
Swedish Tax Agency; SEK 50 million
1 Quarter 2010Page 9
*Pro forma figures
Q1 highlights – Consulting
(NOK MILLION) Q1 2010 Q1 2009* Y/Y(NOK MILLION) Q1 2010 Q1 2009* Y/Y
Operating revenue 452 522 -13%
EBITA 29 38 -22%
Billable utilisation; 75%
Still challenging market in EBITA % 6.5 7.2
CAPEX 1 3 -58%
Employees 2,870 2,907
Industry segment
Growth in global sourcing p y , ,g grevenue +9%
Frame agreement gRegeringskansliet 2+2 years
Successful implementation of SAP-project to Expert
1 Quarter 2010Page 10
*Pro forma figures
Q1 highlights – Solutions
(NOK MILLION) Q1 2010 Q1 2009 Y/YOutperforming market in B&F with 12% growth
(NOK MILLION) Q1 2010 Q1 2009 Y/Y
Operating revenue 403 374 8%
EBITA 49 48 2%
Strong solution portfolio and unique competencies
EBITA % 12.1 12.7
CAPEX 0 1 -100%
Employees 1,015 980
Exploring partnership with DnB NOR
p y ,
Significant card contract in Finland; NOK 120 million
1 Quarter 2010Page 11
Future prospectsOUTLOOK
Opportunities in a challenging market
Strong innovation in solutions portfolio B & F
EDB`s growth initiativesMarket outlook by IndustriesCAGR 2010–2012
solutions portfolio B & F
Internet bank Apps on iPad
Utili i d
Public sector
Utilize on increased demand in Public sector
New and powerfulTelecom
Banking and
Finance
New and powerful Consulting unit
Premium partner Microsoft Industry
Telecom
pSharepoint 20100 1 2 3 4 5
Source IDC
1 Quarter 2010Page 13
Premium Launch Partner for Wave 14
Microsoft’s Largest Product Launch in Years
EDB selected as premium
Global launch 12 May 2010
EDB selected as premium launch partner in Norway
Significant market potentialSignificant market potential
Building capabilities to meet market demand
Integrated to EDB desktop solution Skala
More than 100 000 end users– More than 100,000 end-users
1 Quarter 2010Page 14
SummaryQ1 2010
Summary Q1 and 2010 – Group
One EDB welcomed by ycustomers
Positive revenue trend and OUR VISION:
growth in key areas
Improved EBITA margin
OUR VISION: The best partner for
creating lasting value from information technology for
N di tp g
Executing operational priorities
I ti d t f
Nordic customers around the world
Innovation and partner focus
Page 161 Quarter 2010
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