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080613 RealDolmen Press Conference

Oct 31, 2014

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Economy & Finance

RealDolmen

RealDolmen Press Conference 13 June 2008
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  • 1.

2. Press Conference June 13, 2008 3. AGENDA

  • 2008 Key Objectives
  • 2008 Key Figures
  • The RealDolmen Project

4. KEY OBJECTIVES Q1/FY 2008 5. REALS OPERATING STRATEGY To be a client focused, sales-driven organization capable of delivering sustainable double-digit growth and market-leading profitability 6. OBJECTIVES Q1/FY 2008

  • Continue to achieve operational improvements
  • Close the Dolmen bid successfully

7. KEY OBJECTIVES Q1/FY 2008

  • Continue to achieve operational improvements
    • Year-over-year double-digit revenue growth of 10.8%
    • Operational result before non-recurring items (REBIT) 6,4% of turnover
    • Headcount increased by 3 %

All numbers represent Real standalone, excluding any effect of Dolmen acquisition 8. KEY OBJECTIVES Q1/FY 2008

  • Close the bid successfully
    • Announcement of the tender offer and subsequent merger on December 21, 2007
    • CBFA approval on February 13, 2008
    • Publication of prospectus on February 20, 2008
    • Closing of the tender acceptance period on March 5, 2008
    • Closing of the tender offer with 82,45% Dolmen shares tendered on March 26, 2008

9. KEY FIGURES Q1/FY 2008 10. KEY FIGURES FY2008 (JAN 1-MARCH 31, 2008)

  • REBIT in FY2008 (Jan 1 - March 31, 2008) improves to 6,4% of turnover compared to 2,8% for Q1 2007
  • 17,6m of deferred tax income is recorded recognizing part ofthe unused tax losses in Real anticipating the legal merger with Dolmen Computer Applications NV
  • The legal merger with Dolmen Computer Applications NV is expected to close before the end of Q3 with retroactive effective close of April 1, 2008

Real closes FY2008 (Jan1- Mar 31, 2008) with an increase in turnover of 10,8% compared to Q1 2007 11. EVOLUTION OPERATING PERFORMANCETrend of increase in turnover continues with improvement in operational margins 12. EVOLUTION RECURRING OPERATING PROFIT Margins improve or remain stable despite negative seasonality impact in first 3 months of 2008 compared to FY 2007 13. EVOLUTION NET RESULT

  • Recognition of 17,2m tax income based on planned merger
  • REBIT continues to improve
  • Financial cost includes0,6 m of depreciation on equity component of convertible bond

7,4 17,3 14. TAX ASSETS Legal merger with Dolmen Computer Applications NV will allow quicker utilization ofunused tax loss carry forward in Real Software NV 15. EVOLUTION NET DEBT AND EQUITY Strong improvement in equity because of acquisition Dolmen and tax asset recognized in net profit 16. THE REALDOLMEN PROJECT 17. THE REALDOLMEN PROJECT - HISTORY

  • December 21, 2007
  • February 20, 2008
  • March 5, 2008
  • March 26, 2008
  • Announcement of the tender offer and subsequent merger
  • CBFA approval and publication of the prospectus
  • Closing of the tender acceptance period
  • Successfull closing of the tender offer with 82,45% Dolmen shares tendered

18. FROM REALDOLMEN PROJECT TO REALDOLMEN NV

  • Respective Boards approve merger proposal following
  • Shareholders to vote on merger proposal before end of Q3, 2008 subject to required environmental approvals
  • The merger will have retroactive effect for accounting purposes as per April 1, 2008
  • The proposed merger exchange rate is 50 Real shares for 1 Dolmen share (this also applies to warrants and employee shares)

19. FROM REALDOLMEN PROJECT TO REALDOLMEN NV

  • As from the merger, Real and Dolmen becomeone single companywith one set of joint RealDolmen NV employees, clients, partners and shareholders
  • The merger is the next step in the operational integration of both businesses creating one of the largest independent local ICT solutions providers
  • The merger wil trigger operational and financial synergies
  • RealDolmen is well positioned to continue to grow organically as well as through acquisitions

20. REALDOLMEN IS ONE OF THE TOP INDEPENDENT ICT SUPPLIERS IN BELGIUM 21. REALDOLMEN HAS A CLEAR VISION AND MISSION

  • Vision:To be the reference in the local market for integrated solutions supporting the complete ICT-lifecycle.
    • 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:RealDolmens mission is to enable its clients to achieve their objectives by optimizing their business processes through innovative, effective and reliable ICT solutions.

22. REALDOLMEN HAS MORE THAN 10000 MANYEARS OF EXPERIENCE 3271 5033 BILLABLE YEARS OF SERVICE EMPLOYEES PER AGE CATEGORY 81% 80% 19% 20% EDUCATION 23. REALDOLMEN HAS AN ALIGNED MANAGEMENT TEAM Bruno Segers Thierry de Vries Werner Prhs Jan Bogaert DirkDebraekeleer Marc De Keersmaecker Paul De Schrijver Jos Nijns Ashley Abdo

  • common set of goals
  • similar remuneration plan
  • new joint stock option plan (the old Real-only plan is being cancelled)

24. REALDOLMEN KICKED OFF FY08/09 SUCCESSFULLY

  • Process driven Convergence integration project
    • IPC (IT Platform Convergence)
    • HSS (Human Support Services)
    • FSS (Financial Support System)
    • SSS (Sales Support System)
    • OSS (Operations Support System)
  • Structured and regular communication program
    • Weekly internal RealDolmen No Nonsense newsflash
    • On-site Streamline breakfasts
  • Website with up-to-date information incl. webpresence

25.