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Results 2001 and First Quarter 2002 Explanation by Harrie L.J. Noy, Chairman Executive Board PowerPoint Presentation
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Results 2001 and First Quarter 2002 Explanation by Harrie L.J. Noy, Chairman Executive Board General Meeting of Shareholders Arnhem, the Netherlands, May 16, 2002. ARCADIS is on course. Income per share 2001: +10% In line with financial goals Good progress in implementing strategy

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Presentation Transcript
slide1

Results 2001 and

First Quarter 2002

Explanation by

Harrie L.J. Noy, Chairman Executive Board

General Meeting of Shareholders

Arnhem, the Netherlands, May 16, 2002

arcadis is on course
ARCADIS is on course
  • Income per share 2001: +10%
    • In line with financial goals
  • Good progress in implementing strategy
    • New initiatives in stead of telecom
  • Net income Q1 2002: +9%
    • Continued growth infra and environment
  • Outlook 2002: net income +5 to 10%
    • Despite economic uncertainty
slide3

ARCADIS continues profit growth 2001: +12%

Gross revenue

Operating income

Net income

(excl. extraordinary, excl. goodwill)

EPS (excl. extraordinary, excl. goodwill)

Extraodinary income

Net income

(incl. extraordinary, incl. goodwill*)

EPS (incl. extraordinary, incl. goodwill*)

*) Goodwill: € 0.1 mln

2001

797

38.8

23.2

1.14

2.0

25.1

1.24

2000

776

35.2

20.7

1.04

-

20.7

1.04

Growth

3%

11%

12%

10%

21%

19%

slide4

Sources of growth 2001

Gross revenue

  • Total
  • Autonomous
  • Acquisitions
  • Currency-effect
  • *)Excluding effect real estate valuation

2001

3%

3%

0%

0%

2001 adj.*

5%

5%

0%

0%

slide5

Results versus goals

  • 1 Growth gross revenue
    • Autonomous
    • Acquisitions
    • Currency-effect
  • 2 Margin
    • EBIT/net revenue
  • 3 EPS growth
  • *)Excluding effect property valuations (Netherlands)

Goal

13%

6.5%

6.5%

-

In 2005

8%

15%

2000

18%

7%

6%

5%

6.4%

16%

2001

5%*

5%*

0%

0%

6.9%

10%

1995-99

13%

3%

7%

3%

1999

6.1%

8%

important developments
Important developments
  • Netherlands: good results infrastructure outweighed for strong decline in property valuations
  • U.S.: growth in infrastructure and environment compensates for decline in buildings and telecom
  • Growth telecom substantially lags expectations
  • Further decline in less profitable activities

- Reduction in buildings segment Germany, Netherlands

    • Sale of composting activities Netherlands
  • Integration Netherlands operations
  • Sale of 35%-stake in SAGEOS France
development operating income
Development operating income

In millions of euros

+19%

+4%

+2%

+26%

+11%

slide8

Development net income and EPS

(excl. extraordinary and excl. goodwill)

In mln euro

In euro

1.50

1.25

1.00

1.14

1.04

0.90

0.75

0.81

0.77

0.50

0.25

0.00

Net income

+15%

+6%

+14%

+18%

+12%

cash flow
Cash flow

In millions of euros

1999 2000 2001

balance sheet and returns
Balance sheet and returns

Return on invested capital

infrastructure 13
Infrastructure +13%

Major projects Netherlands

Strong growth United States

Wind energy Germany

Recovery Chile: synergy

environment 8
Environment +8%

GRiPTM successful in the U.S.

MNC program works well

Composting sold

Acquisition Hidro Ambiente Brazil

buildings 20
Buildings –20%

Strong decline United States

NL: higher value added

Outsourcing in Belgium

Turnkey in Spain

communications 12
Communications –12%

Telecom: strong decline U.S. in Q4

Telecom: growth Germany

First mile in the Netherlands

GIS market grows well

gross revenue by region
Gross revenue by region

NL consulting 0%

(+11% excluding property valuations)

strategy more focus on value creation

Strong growth

in specific

segments

  • Expansion of
  • services
  • to industry

Organic growth

in existing

core activities

Enhanced profit growth

Acquisitions

Strategy: more focus on value creation
organic profit growth in existing core activities
Organic profit growth in existing core activities

Better utilization of network

  • Leveraging expertise and client contacts
  • Investments in web enabling

Margin improvement

  • Reduction/sale less profitable activities

- buildings, composting, Euroconsult

  • Integration Netherlands operations
  • Outsourcing detailed engineering
strong growth in specific segments
Strong growth in specific segments

Infrastructure

  • Strong market in Europe, U.S. and Latin America

Telecommunications

  • Growth lags expectations

New growth-initiatives

  • New business initiatives (DBFO)
  • Program to strengthen commercial skills
  • New local growth impulses
slide22

Expansion of services to industry

  • Account management
    • MNC program successful
    • Broadening services towards existing client base
  • Outsourcing offers opportunities
  • Facilities Management started

- Grabs strong attention in the market place

- Developing alliances

- First assignments

acquisitions
Acquisitions
  • 2001: focus on margin improvement
  • 2002: acquisitions high priority
  • Goal:
    • Strengthening portfolio
    • Additional growth through network
  • Priority for expansion in the United States
    • in infrastructure market
    • Goal: improve client mix and portfolio
  • Targeted acquisitions in Europe
implementation
Implementation
  • Measurement and steering drives strategy

- Balanced score cards per opco

      • Financial performance
      • Contribution to strategic initiatives
      • Human resources management
      • Value creation initiatives
  • Option plan and bonus program
  • Employee participation w/ Lovinklaan Found.

- Netherlands: 700 participants

- Per July 2002 in United States, Germany and Belgium

  • Intensifying investor relations
slide26

Headlines Q1-2002

  • Growth was mainly organic
  • Infrastructure strong globally
  • Environment mainly growth in U.S.
  • Buildings/communications at level Q4-2001
  • Geographically strong: Spain, Belgium, Latin-America
  • Net income lower than EBITA through:
    • Higher taxes, larger minority interest, lower contribution NCC’s
slide27

Market outlook

  • Infrastructure
    • Stable growth, possible shift in priorities
    • Need for investments remains high
  • Environment
    • Growth in market share
    • GRiPTM also for DOD
  • Buildings
    • Recovery U.S. second half
    • Outsourcing to improve competitive position
  • Telecommunications
    • Recovery takes time, long term prospects good
    • Short term opportunities for niche growth
slide28

Outlook 2002

  • Further growth infrastructure and environment
  • Additional growth initiatives
  • Also priority for acquisitions
  • Further margin improvement
  • Net income 5-10% higher (excluding extraordinary)
  • Barring:
    • Unforeseen circumstances

Excluding new acquisitions