Floris Waller - CFO and Member Executive Board Business Services Conference London June 26 th 2007 Corporate Express Overview.

Slides:



Advertisements
Similar presentations
Leaders in business services and distribution Annual General Meeting of Shareholders Amsterdam, Thursday 13 April 2006.
Advertisements

1 FIRST QUARTER 2009 INVESTOR CONFERENCE CALL. 2 Today ’ s Hosts Steve Romano Chairman & Chief Executive Officer Jim Baumgardner President & Chief Operating.
JinkoSolar Holding Co., Ltd. Q Earnings Call Presentation June 7, 2013.
DRIVING GROWTH NASDAQ: HILL August 8, 2013 Second Quarter 2013 Earnings Conference Call.
Fourth Quarter and Year-End Results Millipore Conference Call, January 26, 2004.
2 1 Financial results for H Zagreb July, 2014.
1 CXP Analyst and Investor Meeting Denver – September 2007 Wayne Aiello - VP, E-Business Corporate Express US Analyst Meeting Denver – September.
Q results - Analyst & Investor meeting 7 February h00 CET Amsterdam Focus. Execute. Deliver.
1 Big Yellow Group PLC Big Yellow IFRS 2005 Restatement September 2005.
1 CXP Analyst and Investor Meeting Denver – September 2007 Floris Waller CFO and member Executive Board Corporate Express US Analyst Meeting Denver.
SKF's acquisition of Kaydon Corporation Tom Johnstone, President and CEO September 5, 2013.
Black Box Corporation 2012 East Coast IDEAS Conference June 5, 2012.
First Quarter 2004 Amsterdam, 6 May “Safe Harbour” Statement under the Private Securities Litigation Reform Act of 1995 Statements included in.
Western Financial Group Q Financial Results Conference Call August 18, 2009.
First Quarter Results Millipore Conference Call, April 20, 2004.
The attached slides were used at the Analyst Presentation by John Hirst and Andrew Fisher on the 12th September The slides could be incomplete without.
Second Quarter Results Ended June 30, This presentation contains statements, including statements about future plans and expectations, which constitute.
Western Financial Group 2009 Year End Financial Results Conference Call March 17, 2010.
August 11, 2009 Second Quarter 2009 Earnings Review.
1 Corporate Express – Scottsdale (AZ), 3 October 2007 Kees Bangma – Group Treasurer - Focus. Execute. Deliver. Strategic Review - Focus. Execute. Deliver.
Change to presentation of financial results Phil Moses – Group Controller & Director of Investor Relations 23 January 2008.
Grattan Institute / MEI Energy Futures Event Dr Fiona Wild Vice President, Environment and Climate Change 5 March 2015 Newman, Iron Ore.
Investor Conference March 2001, Rio de Janeiro. 1 This presentation contains statements that constitute forward-looking statements within the meaning.
Black Box Corporation Overview. Black Box Corporation 2 Forward-Looking Statements - Any forward-looking statements contained in this presentation are.
CXP Analyst and Investor Meeting Denver – September th of September Carl Hoyer - Competition.
May 13, 2009 First Quarter 2009 Earnings Review. Highlights  First quarter 2009 net sales of $46.6 million -- within the Company’s forecasted range 
1 CXP Analyst and Investor Meeting Denver – September 2007 Dave Grove – President Furniture Corporate Express US Analyst Meeting Denver – September.
1 4Q 2003 Earnings October 21, Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the federal securities.
Needham 11 th Annual Growth Conference January 6, 2009 NASDAQ: BBOX.
The SKF Group Half-year result, 2005 Tom Johnstone, President and CEO.
The SKF Group Nine-month result, 2005 Tom Johnstone, President and CEO.
Tetra Acquisition Presentation March Forward Looking Statements This presentation includes forward-looking statements, which are based in part on.
UBS Technology and Services Conference June 8, 2009 NASDAQ : BBOX.
1 April 22, Q 2003 Earnings. 2 Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the federal securities.
Thomas J. McInerney EVP & Chief Financial Officer May 2006.
Western Financial Group Q Financial Results Conference Call November 16, 2009.
SECOND QUARTER 2004 EARNINGS John A. Luke, Jr. Chairman and CEO James A. Buzzard President Peter H. Vogel, Jr. Interim Principal Financial Officer July.
1Q06 RESULTS. 2 Operating Highlights – 1Q06 Profitability (vs. 1Q05) Consolidated EBITDA (R$75.1 million) grew by 12.6% Operating Income (R$55.5 million)
First quarter results 2003 Robert-Jan van de Kraats, CFO April 29, 2003.
Meet the Management AIB Investor Day London, 8 th November 2006 John O’Donnell Group Financial Director.
Results Q Robert-Jan van de Kraats CFO.
First Quarter Results Ended March 31, This presentation contains statements, including statements about future plans and expectations, which constitute.
Western Financial Group Q Financial Results Conference Call May 9, 2008.
Q2 ‘03 Conference Call March 5, Forward-Looking Statements This presentation contains “forward-looking statements” as defined in the Private Securities.
Third Quarter Results Ended September 30, This presentation contains statements, including statements about future plans and expectations, which.
The SKF Group Half-year results, 2006.
The Professional’s Source for Turf Care First Quarter /29/04.
The SKF Group Half-year result 2003 Tom Johnstone President and CEO.
FOURTH QUARTER AND YEAR END 2012 RESULTS. The following is a Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press.
First Quarter 2013 Earnings Conference Call April 18, 2013.
January 21, 2004 First Fiscal Quarter Earnings Conference.
Results 1Q14 May 16 th, Q14 2 1Q14 Highlights Continuous cash flows generation:  Net debt reduction to R$ 53 mm (14% of Equity);  Net debt ex-SFH.
0 16 October The SKF Group Nine-month results 2007 Tom Johnstone, President and CEO.
1 3Q 2003 Earnings July 22, Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the federal securities.
Fourth Quarter / Full Year Earnings 2008 Kimberly Ross Chief Financial Officer March 2, 2009.
Endurance Insurance Operations Michael P. Fujii President & CEO Worldwide Insurance Operations Bermuda in Boston Conference September 18, 2007.
THIRD QUARTER 2012 RESULTS.  Year-over-year revenue growth of 5.5% to $32.0 million, at the high end range of guidance  Adjusted fully diluted EPS of.
IFRS impact 2004 Hannu Ryöppönen Executive Vice President and Chief Financial Officer Joost L.M. Sliepenbeek Senior Vice President and Chief Accounting.
This presentation contains statements that are forward looking in nature and, accordingly, are subject to risks and uncertainties. Factors that could.
Alrik Danielson, President and CEO
JinkoSolar Holding Co., Ltd.
H1/Q Financial Results.
First Quarter Fiscal Year 2016
Infosys Investor Relations © Infosys Technologies Limited
The SKF Group First-quarter result 2004
The SKF Group Nine-month result 2003 Tom Johnstone President and CEO.
The SKF Group Year-end result 2003 Tom Johnstone President and CEO.
Sune Carlsson, President and CEO
4Q 2018 Earnings Presentation
2015 Annual Meeting April 30, 2015.
Presentation transcript:

Floris Waller - CFO and Member Executive Board Business Services Conference London June 26 th 2007 Corporate Express Overview

June 26th, 2007Goldman Sachs Business Services Conference London2 “Safe Harbour” Statement under the Private Securities Litigation Reform Act of 1995 Statements included in this press release, which are not historical facts are forward-looking statements made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of Such forward-looking statements are made based upon management’s expectations and beliefs concerning future events impacting Corporate Express and therefore involve a number of uncertainties and risks, including, but not limited to industry conditions, changes in product supply, pricing and customer demand, competition, risks in integrating new businesses, currency fluctuations, and the other risks described from time to time in the Company’s filings with the US Securities and Exchange Commission, including the Company’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on March 9, As a result, the actual results of operations or financial conditions of the Company could differ materially from those expressed or implied in such forward-looking statements. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update publicly or revise any forward-looking statements.

June 26th, 2007Goldman Sachs Business Services Conference London3 North America LTM sales EUR 3,119 mln 9,922 FTEs Europe LTM sales EUR 1,104 mln 3,955 FTEs Australia & New Zealand LTM sales EUR 751 mln 2,425 FTEs Southeast Asia alliances Latin America alliances European alliances Global Office Products

June 26th, 2007Goldman Sachs Business Services Conference London4 Market Environment Corporate Express Office Depot Office Max Staples Lyreco Regional/ Local Players Staples Office Depot Office Max Supermarkets Independent Retailers Wide range / consumables Next Day Delivery CONTRACTDIRECT MAIL Limited Offering RETAIL Physical Presence Lease obligation Staples Office Depot Office Max Regional/ Local Players

June 26th, 2007Goldman Sachs Business Services Conference London5 All non-business-essentials for in the office

June 26th, 2007Goldman Sachs Business Services Conference London6 Drivers of value creation Delivering profitable sales growth Sales initiatives Leadership in large account segment Product range extension Mid-market presence Margin initiatives Private brands Preferred suppliers / global merchandising Cost control / Cash generation Working capital management Ongoing initiatives to control cost base

June 26th, 2007Goldman Sachs Business Services Conference London7 LTM overview Corporate EUR (7) mln

June 26th, 2007Goldman Sachs Business Services Conference London8 First quarter 2007 Mixed set of results, most divisions performing well OP Europe performed strongly  Solid growth in most markets  Benefiting from ATG integration OP Australia reported good quarter  Continued success single-source-supplier concept Organic sales growth OP North America -1%, as forecasted  Effects last year’s organisation still being felt  Some signs lower market growth rates  Higher degree of competitive pressure ASAP and Graphic Systems performed as expected

June 26th, 2007Goldman Sachs Business Services Conference London9 in EUR mlnQ1 07LTMGuidance FY 07 EBIT Depreciation pp&e / amortisation intangibles ± 100 Adjustments for non-cash3.8(4.0) Change in inventories(8.4)(45.8) Change in trade receivables(45.5)(86.0) Change in trade payables(60.2)69.3 Change in other receivables/liabilities(1.6)23.1 Change in working capital(115.7)(39.4) Payments for defined benefits plans(2.3)(12.7)± 10 Profit tax paid(10.1)(34.4)± 35 Other operational payments(10.1)(33.9) Cash Flow operational activities(54.7)232.3 Investments in pp&e and software(23.6)(84.2)± 100 Acquisitions, integration, divestments(2.9)(314.7) CF available for financing activities(81.2)(166.5) Consolidated cash flow statement

June 26th, 2007Goldman Sachs Business Services Conference London10 Average working capital as % of sales Rolling average IFRS corrections projected on Dutch GAAP numbers 9.4%

June 26th, 2007Goldman Sachs Business Services Conference London11 Net Interest bearing debt ­ Leverage ratio: 3.5x ­ Interest coverage ratio 4.8x ­ Net-interest-bearing debt as percentage of group equity: 91% ­ Group equity as % of total assets: 37%

June 26th, 2007Goldman Sachs Business Services Conference London12 Closing remarks First quarter showed mixed set of results  OP North America still feeling effects of last year’s reorganisation  OP Europe performed well 2007 significantly higher sales and operating result  OP Australia, successful single source supplier concept Corporate Express is one of global leaders in b-to-b distribution of office products Well-positioned geographically, supported by robust IT, eCommerce and logistical capabilities Profitable Sales Growth Focus is and will remain on Profitable Sales Growth

Corporate Express is one of the world’s leading suppliers of office products to businesses and institutions Business Services Conference London June 26th 2007