Slide 1: www.realdolmen.com
One Year Later
April 23, 2010 | SLIDE 1
Slide 2: From: Segers Bruno Sent: woensdag 12 december 2007 22:52 To: Abdo Ashley Subject: Diesel Romeo honeymoon hotel
Ashley, As discussed. All details about Hotel De Schelde via this link http://www.hoteldeschelde.nl/nl/ As it’s only in Dutch a few additional comments I know this hotel, small, modest and cheap (Jef will like this) It’s not in Belgium (they will not know us) It’s 1 hour drive from Brussels and 1 hour drive from Antwerp They have wireless They have a few meeting rooms We can eat, swim, drink, sauna and go for bowling If we don’t have a solution for big problems we can go for a beach walk to catch fresh air They still have 10 rooms available this Friday and/or Saturday We can meet and work there We can work and meet full days while our partners (even children) could enjoy the environment (if we decide to do this) Jef and Francois could join us Saturday night for dinner Etc … I took an option for at least 10 rooms this Saturday. Ideally we should bring the new mgt team and the merger taskforce together in this war room concept. We will save a lot of money and time while we start building the Newco Mgt Team in one go. Think about it. Bruno PS If needed some of us can go there as from Friday night to prepare while we start formally Saturday at 10 AM and end Sunday night at …
Slide 3: Timeline Diesel Project 14-21 December 2007
December 14-19 December 19 3pm 8pm December 20 AM CBFA December 21 AM 9am 10am 12pm 3pm December 25 Complete Business Plan & NewCo Presentation Complete Draft Prospectus Complete Antitrust Filing Present to Board Diesel – Obtain Support Letter Present Board Romeo – Approve Prospectus Present Draft Prospectus and Industrial Project to Public Announcement of Deal by CBFA Work’s Council Briefings Press Conference Analysts Associates Enjoy Christmas with Families!
Slide 4: HISTORY
1997 Listing on EuroNext Brussels 2004 – 2007 Restructuring Establishing solid platform for growth 2008 RealDolmen Revenue Q1 +26%
1986 Start of Real Software NV
2007 - 2008 Growth and return to sound operations
2001 – 2004 Distressed situation Investment by Gores
2007 €75 mio convertible bond Acquisition Axias
2008 Merger
1982 Start of Dolmen NV out of Colruyt IT department
2004 Acquisition JCS
2007 Acquisition NEC Philips
1999 Listing on EuroNext Brussels
April 23, 2010 | SLIDE 4
Slide 5: KEY MILE STONES – FROM PROJECT TO NV
December 21, 2007 Announcement of the tender offer and subsequent merger CBFA approval and publication of the prospectus
February 20, 2008
March 5, 2008
Closing of the tender acceptance period Successfull closing of the tender offer with 82,45% Dolmen shares tendered Extraordinary General Assembly of Shareholders to approve the merger
March 26, 2008
September 1, 2008
April 23, 2010 | SLIDE 5
Slide 6: REALDOLMEN HAS MORE THAN 10.000 MANYEARS OF EXPERIENCE
EMPLOYEES PER AGE CATEGORY
BILLABLE YEARS OF SERVICE 5033
3271
EDUCATION 81% 80% 19% 20%
April 23, 2010 | SLIDE 6
Slide 7: REALDOLMEN IS ONE OF THE TOP INDEPENDENT ICT SUPPLIERS IN BELGIUM
RealDolmen combines to a Top 10 position in the Belgian market
April 23, 2010 | SLIDE 7
Slide 8: REALDOLMEN HAS A CLEAR VISION AND MISSION
Vision: To be the reference in the local market for integrated solutions supporting the complete ICTlifecycle.
Reference: be the preferred & trusted choice for customers, partners and employees Local: proximity to our customers in the Benelux and France Integrated solutions: complete ICT offering covering the full lifecycle, including infrastructure, applications and communications Complete ICT-lifecycle: supporting all plan-build-operate activities
Mission: RealDolmen’s mission is to enable its clients to achieve their objectives by optimizing their business processes through innovative, effective and reliable ICT solutions.
April 23, 2010 | SLIDE 8
Slide 9: REALDOLMEN HAS A SINGLE-SOURCE OFFERING
Business Solutions
A true single-source supplier, able to support the full ICT-lifecycle
Professional Services
Infrastructure Products
April 23, 2010 | SLIDE 9
Slide 10: REVENUE PER SECTOR
April 23, 2010 | SLIDE 10
Slide 11: REALDOLMEN HAS A SOLID AND REFERENTIAL CUSTOMER BASE IN BOTH THE MID-MARKET AND LARGE ACCOUNTS
Government/Healthcare/Education Logistics and Distribution Industry
Services
Life Science
April 23, 2010 | SLIDE 11
Slide 12: REALDOLMEN HAS EXTENDED GEOGRAPHICAL COVERAGE
April 23, 2010 | SLIDE 12
Slide 13: REALDOLMEN IS A REFERENCE PARTNER
April 23, 2010 | SLIDE 13
Slide 14: REALDOLMEN SHAREHOLDER OWNERSHIP
(1)
(2)
Notes: (1) (2)
Non-diluted shareholding per September 1, 2008 not taking in to account warrants and Real convertible bond to be exercised in 2012 Institutionals consist of Fortis Investment Management NV, UBS AG and Deutsche Bank AG
April 23, 2010 | SLIDE 14
Slide 15: TURNOVER H1 2007/08 TO H1 2008/09 Business Solutions
€130,7 mio
€13,6 H1 mio
2007/08
€20,0 mio
H1 2008/09
€112,6 mio
H1 2007/08
Professional Services
H1 2008/09
€62,5 mio
H1 2007/08
€69,0 mio
H1 2008/09
Total Group
Infrastructure Products
April 23, 2010 | SLIDE 15
€36,5 mio
H1 2007/08
€41,9 mio
H1 2008/09
Slide 16: MARGINS
7,3%
11,6% 8,6%
6,9%
H1 2007/08 H1 2008/09
3,3%
H1 2007/08
2,9%
H1 2008/09
H1 2007/08
H1 2008/09
H1 2007/08
-1,4%
-1,6%
H1 2008/09
Infrastructure Products
Professional Services
Business Solutions
5,6%
Corporate
4,6%
H1 2007/08 H1 2008/09
Total Group
April 23, 2010 | SLIDE 16
Slide 17: CASH/DEBT POSITION
€73,7 mio €16,7 mio €36,6 mio €57,0 mio €34,6 mio €59,9 mio €74,6 mio €14,8 mio €58,5 mio €14,8 mio
€24,6 mio
March ‘08
September ‘08
€43,8 mio
Pro Forma (1)
Cash (2) Convertible debt (July 2012) Other debt
(1) Shows impact of buy-back convertible on September close numbers (2) Cash = Cash + Assets held for trading
April 23, 2010 | SLIDE 17
Slide 18: MERGER UPDATE
Integration
From April 2008 to March 2009
Optimization
From October 2008 to June 2009
Innovation
From April 2009 to March 2010
Communication
From week to week
April 23, 2010 | SLIDE 18
Slide 19: SUMMARY
€252 mio revenue / €20 mio Ebitda Employing almost 2000 professionals Single-source provider of integrated ICT solutions Active in Benelux and France Pleased with progress achieved in H1 Expectations are aligned with economic outlook We are well positioned for the future
April 23, 2010 | SLIDE 19
Slide 20: THANK YOU
Rock-solid Passion for ICT
April 23, 2010 | SLIDE 20
