2017 HALF-YEAR RESULTS STUDIO HARCOURT 6 RUE DE LOTA PARIS 16 E SEPTEMBRE 14, H30

Transcription

1 2017 HALF-YEAR RESULTS STUDIO HARCOURT 6 RUE DE LOTA PARIS 16 E SEPTEMBRE 14, H30

2 SOMMAIRE CONTENTS SYNERGIE, EUROPE S FIFTH-LARGEST HUMAN RESOURCES MANAGEMENT GROUP HIGHLIGHTS 2017 HALF-YEARLY RESULTS OUTLOOK 2

3 SYNERGIE, EUROPE S FIFTH-LARGEST HUMAN RESOURCES MANAGEMENT GROUP SYNERGIE, A PURE PLAYER IN HUMAN RESOURCES TEMPORARY EMPLOYMENT RECRUITMENT PUBLIC SECTOR DIVERSITY TRAINING HR ADVICE SOCIAL ENGINEERING OUTPLACEMENT OUR MISSION: TO OFFER OUR CLIENTS TAILORMADE RECRUITMENT SOLUTIONS 3

4 SYNERGIE, EUROPE S FIFTH-LARGEST HUMAN RESOURCES MANAGEMENT GROUP A BENCHMARK EUROPEAN PLAYER IN HUMAN RESOURCES MANAGEMENT No. 1 independent French HR services group No. 5 European group 100,000 client companies 2,990 permanent employees 70,000 temporary employees seconded daily 640 branches in 15 countries Turnover of 2 billion in 2016 Equity of 391 million at 30/06/ : 25 NEW BRANCHES 4

5 SYNERGIE, EUROPE S FIFTH-LARGEST HUMAN RESOURCES MANAGEMENT GROUP A STRONG PRESENCE IN EUROPE, CANADA AND AUSTRALIA LOCATED IN 15 COUNTRIES FRANCE / UNITED KINGDOM / NETHERLANDS / BELGIUM / LUXEMBOURG / SWITZERLAND / GERMANY/ CZECH REPUBLIC / POLAND / SLOVAKIA / SPAIN / PORTUGAL / ITALY / CANADA / AUSTRALIA 5

6 SYNERGIE, EUROPE S FIFTH-LARGEST HUMAN RESOURCES MANAGEMENT GROUP A STRATEGY OF ACCELERATED INTERNATIONAL EXPANSION BREAKDOWN OF TURNOVER IN % % 21% 27% 50% FRANCE 24% NORTHERN EUROPE % 40% 24% SOUTHERN EUROPE 2% CANADA/ AUSTRALIA % % 6

7 SYNERGIE, EUROPE S FIFTH-LARGEST HUMAN RESOURCES MANAGEMENT GROUP MULTI-SECTOR AND MULTI-CLIENT POSITIONING INDUSTRY TERTIARY & OTHER SECTORS, INCLUDING SPECIALITY BUILDING AND PUBLIC WORKS TRANSPORT/ LOGISTICS 52% 20% 14% 14% KEY ACCOUNTS 42% 58% SME / SMI A FULLY RESPECTED «CLIENT MIX» 7

8 SYNERGIE, EUROPE S FIFTH-LARGEST HUMAN RESOURCES MANAGEMENT GROUP SYNERGIE S EXPERTISE: A TRUE MASTER CARD AERONAUTICS SHIPBUILDING AGRO-FOOD COSMETICS LUXURY GOODS INDUSTRY ENGINEERING NUCLEAR PUBLIC SECTOR TERTIARY LEGAL SERVICES AUTOMOTIVE BANK FINANCE INSURANCE HOTELS CATERING MEDICAL PARAMEDICAL SOCIAL SERVICES INFORMATIONI TECHNOLOGY TRANSPORT LOGISTICS ETC. 8

9 SOMMAIRE CONTENTS SYNERGIE, EUROPE S FIFTH-LARGEST HUMAN RESOURCES MANAGEMENT GROUP HIGHLIGHTS 2017 HALF-YEARLY RESULTS OUTLOOK 9

10 HIGHLIGHTS INCREASED ACTIVITY IN GROWTH SECTORS AERONAUTICS SHIPBUILDING AUTOMOTIVE RENEWABLE ENERGY TERTIARY DIGITAL 10

11 HIGHLIGHTS SYNERGIE, A PLAYER IN AERONAUTICS Aeronautics turnover at the end of June 2017: 65 million Projection at the end of December : 134 million SYNERGIE: No. 1 supplier to AIRBUS in France Contract renewed in 2016 for 3 years An attractive outlook in Europe 20 branches specialising in aeronautics A guaranteed workload schedule until 2025 SYNERGIE s aeronautics fairs: 40,000 visitors 40,000 CVs An employment-training dynamic that is unique in the profession: more than 100,000 training hours delivered each year 100 expert recruiters Synergie.Aéro: an unrivaled pool of skills OUR POSITION WITHIN THE AIRBUS GROUP AND THROUGHOUT THE AERONAUTICS SUPPLY CHAIN MAKES SYNERGIE A MAJOR PLAYER IN THIS BUSINESS SECTOR 11

12 HIGHLIGHTS SYNERGIE, THE PREFERRED SUPPLIER TO THE SHIPBUILDING AND SUBMARINE INDUSTRY Shipbuilding turnover at the end of June 2017: 11 million Projection at the end of December: 23 million DCNS: an exceptional contract and a showcase for French industry STX Saint-Nazaire: a major order for 14 liners Specific training to compensate for shortages of profiles A 10-year order backlog A continuous increase in activity Expansion of operations abroad 12

13 HIGHLIGHTS A CONTROLLED PRESENCE IN THE AUTOMOTIVE INDUSTRY Automotive turnover at the end of June 2017: 75 million Projection at the end of December: 140 million Strong expansion in France and in Europe A presence throughout the supply chain: manufacturers, equipment makers, service centers, A rapidly recovering market 50 specialised branches SYNERGIE, A KEY PLAYER IN GROWTH SECTORS 13

14 HIGHLIGHTS THE OPEN-ENDED CONTRACT FOR TEMPORARY EMPLOYEES Two types of audience are more particularly concerned: young people who will multiply their professional experiences in a frame secure and opening on various horizons seniors who wish to work on different projects within several companies and who need support The assets for the company: A solution to build loyalty among our temporary employees Sought-after qualified profiles Placements in all business sectors, particularly in aeronautics, and a promising start in the shipbuilding industry Improved profitability A TARGET OF 1,500 CONTRACTS IN

15 HIGHLIGHTS IN-HOUSE RECRUITMENT, A STRONGER PRESENCE WITH OUR CLIENTS Turnover at the end of June 2017: 145 million Projection at the end of December: 266 million Extension of in-house recruitment with Synergie Proxi A way of building client loyalty Dedicated employees, sometimes on-site, who are genuine privileged contacts with our clients Another step towards full outsourcing of HR, a very popular solution in some countries (Managed Services Provision) SYNERGIE PROXI: A «TURNKEY» SOLUTION 15

16 HIGHLIGHTS THE SYNERGIE OPEN CENTERS: EXPERTS WITH AN INNOVATIVE RECRUITMENT MODEL Open Centers turnover at the end of June 2017: 61 million Projection at the end of December: 120 million An offering integrated with business solutions Branches in major cities to capture a more diverse public Great potential in development in the tertiary and high-technology sectors OPEN CENTER: A PERFORMANCE DRIVER 16

17 HIGHLIGHTS A REAL SOURCE OF GROWTH Global Cross Sourcing turnover at the end of June 2017: 15 million Projection at the end of December: 31 million An international recruitment policy designed to attract talent in order to: Ease difficulties with local or national recruitment Seek a highly qualified international profile Advantages that help us respond: In the top 10 European countries 640 branches serving international operations Dedicated teams A shared IT tool Specific support A SERVICE OFFERING THAT IS UNIQUE IN THE PROFESSION 17

18 HIGHLIGHTS FOCUS ON BENELUX Turnover at the end of June 2017: 150,7 million up13.6% compared with H Through 6 branches A generalist network and specialized personnel A generalist network, international recruitment and transport professionals Industry, Service and Construction specialists 82 branches and in-house operations 400 permanent employees 8,000 employees placed per week A panel of staff from the Global Cross Sourcing (Portugal, Poland, France) 18

19 HIGHLIGHTS STRENGTHENING SYNERGIE S ONLINE PRESENCE New synergie.com corporate website in 2016 Launch of the new synergie.fr business site on 19 September 2017 An active presence on social networks 19

20 HIGHLIGHTS SYNERGIE S DIGITAL TRANSFORMATION CONTINUES A strategic priority for SYNERGIE: increasing the number of initiatives in this area in order to create value in respect of our temporary employees and candidates, our clients and also the general public: 86% of candidates use their smartphones to look for work Creation of a proprietary web services platform for our clients (dematerialisation of their personnel needs) synergie.com website for the general public 20

21 SOMMAIRE CONTENTS SYNERGIE, EUROPE S FIFTH-LARGEST HUMAN RESOURCES MANAGEMENT GROUP HIGHLIGHTS 2017 HALF-YEARLY RESULTS OUTLOOK 21

22 2017 HALF-YEARLY RESULTS KEY PERFORMANCE INDICATORS TURNOVER CURRENT OPERATING PROFIT NET PROFIT million 1,098.7 million 42.8 million 59.2 million 26.2 million 35.8 million H H H H H H SYNERGIE IS AT ITS HIGHEST EVER LEVELS 22

23 2017 HALF-YEARLY RESULTS STRONG GROWTH IN ACTIVITY IN 2017 CONSOLIDATED TURNOVER In M H H Variation France % Southern Europe % Northern and Eastern Europe % Canada / Australia % International % Total 1, % 23

24 2017 HALF-YEARLY RESULTS INCOME STATEMENT In M H H Variation Turnover 1, % Current operating income (1) % Operating income % Cost of net financial debt (0.2) (0.2) Exchange rate difference (2) (0.6) (2.1) Income before tax % Income taxes (3) Net profit % (1) Before amortization and impairment of intangibles assets (2) Effect on EUR/ parity (3) Including an Economic Added Value Contribution (CVAE) of 7.4 million in

25 2017 HALF-YEARLY RESULTS CURRENT OPERATING PROFIT In M H H M %/Turnover M %/Turnover France % % Southern Europe % % Northern and Eastern Europe % % Canada / Australia % % International % % Total % % 25

26 2017 HALF-YEARLY RESULTS A SOLID BALANCE-SHEET STRUCTURE In M June 2017 Dec June 2016 Shareholders equity Net cash of the bank balances Net financial debt (3.2) Net cash including CICE mobilizable

27 2017 HALF-YEARLY RESULTS STATEMENT OF CASH FLOWS In M H H Consolidated net profit Restatement of income and expenses with no effect on cash (15.7) (8.1) Self-financing capacity Change in WCR relating to operations (19.6) (35.5) Cash flows generated by operations 0.5 (17.4) Flows relating to investment operations (7.1) (7.8) Flows relating to financing operations (11.9) (15.3) Change in cash (18.4) (40.5) 27

28 2017 HALF-YEARLY RESULTS SHARE PRICE AT HIGHEST EVER LEVELS CLOSING PRICE AT 30/06/2016: (UP % ON THE HALF-YEAR) ,00 reached in June 26, 2017 mars-16 avr.-16 mai-16 juin-16 juil.-16 août-16 sept.-16 oct.-16 nov.-16 déc.-16 janv.-17 févr.-17 mars-17 avr.-17 mai-17 juin-17 SHARP RISE SINCE 1 JANUARY

29 SOMMAIRE Number of shares: 24,362,000 Share capital of 121,810,000 Market capitalisation: million at 30 June 2017, compared 626 million at 30 June 2016 Euronext Paris Compartment B / SRD Long 29

30 SOMMAIRE SYNERGIE, EUROPE S FIFTH-LARGEST HUMAN RESOURCES MANAGEMENT GROUP HIGHLIGHTS 2017 HALF-YEARLY RESULTS OUTLOOK 30

31 OUTLOOK HIRING INTENTIONS IN 2017 In Europe, all sectors and regions are trending upwards In France, the progress of the temporary work knows a continue growth (up 11.2% at the end of July) More than 50% of hiring intentions are coming from very small enterprises, whose managers are currently showing a high level of confidence and willingness to invest All sectors of activity are concerned with the palm for services to individuals and businesses Growth prospects of the executive employment and supervisors 2017: A POSITIVE YEAR FOR GROWTH Sources: Prisme Emploi, Pôle emploi, Le Figaro, etc. French data 31

32 OUTLOOK AREAS OF DEVELOPMENT FOR THE SYNERGIE GROUP ORGANIC GROWTH Extending our network of branches to the most dynamic employment areas Actively rolling out interim recruitment Developing our offering of international secondment of qualified professionals (Global Cross Sourcing) Widen the recruitment/placement business, particularly in the tertiary sector and new technologies EXTERNAL GROWTH Pursuing our expansion in highprofitability countries where SYNERGIE is already established, such as Germany, the Netherlands, Belgium and Italy Consolidating our presence in Eastern Europe to optimise Sourcing Enhancing our geographical spread in Europe: Scandinavia, Austria, etc. INCREASING OUR EXPERTISE BY PROVIDING SERVICES WITH HIGH ADDED VALUE 32

33 OUTLOOK EXCELLENT EXPANSION PROSPECTS FOR OUR OPERATIONS Target for 2017 turnover 2.2 billion with International development and a marked increase in profitability SYNERGIE IS VERY CONFIDENT FOR

34 OUTLOOK UPCOMING INFORMATION PUBLICATION OF THIRD-QUARTER TURNOVER ON OCTOBER 25, 2017* * After market closing 34