WAVESTONE INVESTOR MEETING
Berenberg Pan European Discovery Conference
June 13 & 14, 2024
Agenda
1 | Wavestone, a new consulting champion |
2 | Outlook and recent news |
3 | Appendix |
© WAVESTONE | 2
We offer high-value consulting services
360° portfolio of best-in-class consulting services
Worldwide presence
5,500+ employees
€944m pro forma revenue
Independent perspective
& solution-based actions
The Positive Way our values
We seamlessly combine teams
to deliver the right solutions for your needs
A leading position in the three
main markets of continental Europe:
- France
- Germany
- Switzerland
An established and growing base in key geographies for global companies:
- UK
• North America
• Asia
A global footprint:
• Austria
• Belgium
• Bosnia & H.
• Italy
• Morocco
• Luxembourg
- Poland
- Romania
- Spain
perspective
& solution-based actions
Integrated expertise
We are not siloed.
Teams collaborate creating a collective global capability more powerful than
the sum of the parts.
Corporate presentation
We provide a 360° transformation portfolio of consulting services.
Four sets of sector-specific and transversal capabilities
Matching the knowledge and skills of our consultants with the requirements of our clients to provide the best possible support.
Core-business process capabilities
Customer Experience, Supply Chain, Compliance, Risk and Regulations
Technology & integration capabilities
Data & Artificial Intelligence, Cybersecurity, SAP Consulting, IT Strategy & CTO Advisory
Corporate functions and support-process capabilities
Corporate Finance, HR and Procurement,
Sourcing & Services Optimization,
Change Management
Sustainability capabilities
Decarbonization, Green IT, IT for Green, CSRD - Double Materiality Assessment
Note: Note: non-exhaustive selection of key capabilities
© WAVESTONE | 5
Distribution of pro forma revenue at March 31, 2024
OTHER | OTHER | |||
PUBLIC SECTOR | BANKING | UK | ||
8% 4% | ||||
CONSUMER GOODS, LUXURY | 19% | NORTH AMERICA | 5% 3% | |
& RETAIL | 7% | |||
8% |
SWITZERLAND | |||
€944m | 10% | ||
ENERGY 14% | revenue | 17% INSURANCE | |
15% | 15% | 24% | |
GERMANY | |||
€944m
revenue 51% FRANCE
AUTOMOTIVE & INDUSTRY | TRANSPORTATION, TRAVEL & LOGISTICS |
TOP-20 CLIENTS | |||
DEUTSCHE BAHN | 7% | LA POSTE | 2% |
EDF | 4% | VOLKSWAGEN | 2% |
AXA | 3% | CHANEL | 1% |
TOTALENERGIES | 3% | MUNICH RE | 1% |
CREDIT AGRICOLE | 3% | L'OREAL | 1% |
SNCF | 3% | SBB | 1% |
SOCIETE GENERALE | 3% | UGAP | 1% |
BNP PARIBAS | 2% | HERMES | 1% |
CONFIDENTIAL (INSURANCE) | 2% | BPCE | 1% |
ENGIE | 2% | R+V VERSICHERUNGEN | 1% |
© WAVESTONE | 6
Agenda
1 | Wavestone, a new consulting champion |
2 | Outlook and recent news |
3 | Appendix |
© WAVESTONE | 7
Revenue target exceeded; +9% organic growth over the 2023/24 fiscal year
Revenue in €m | 2023/24 | Total | Change at | 2023/24 | ||
2023/24 | excluding Q_PERIOR | 2022/23 | constant scope2 | |||
Audited data1 | and Aspirant | change | and on a constant | pro forma3 | ||
Consulting | forex basis | |||||
12-month total | 701.1 | 586.9 | 532.3 | +32% | +9% | 943.8 |
- auditing of the accounts is complete, and the auditors are in the process of issuing their report. The 2023/24 pro forma accounts are unaudited; an ad hoc report from auditors will be incorporated in Wavestone's 2023/24 Annual Financial Report
- excluding PEN Partnership, consolidated since August 1, 2022; Coeus Consulting since October 1, 2022; Q_PERIOR since December 1, 2023; and Aspirant Consulting since February 1, 2024
- the 2023/24 pro forma accounts have been calculated as if the acquisitions of Q_PERIOR and Aspirant Consulting had taken place on April 1, 2023
- 12-monthrevenue on total scope: €701.1m
- up +32%, equivalent to +9% organic growth
- unfavorable working day impact standing at -1.6%
- 12-monthrevenue excluding Q_PERIOR and Aspirant Consulting: €586.9m
- exceeding the annual revenue target of €580m
- 12-monthrevenue pro forma: €943.8m
© WAVESTONE | 8
Consultant utilization rate stable at 73% in 2023/24; sales price up by +1%
2023/24 fiscal year* | 2022/23 fiscal year | |||||
(12 months) | (12 months) | |||||
Consultant utilization rate | 73% | 73% | ||||
Average daily rate | €898 | €890 | |
Order book | 4.1 | 4.0 | |
months | months | ||
73% at the end of 2023/24, stable compared with the previous fiscal year
increase of +1% compared with the previous fiscal year
€900 at constant exchange rates
- months at March 31, 2024, compared with
- months at December 31, 2023
- these indicators relate to Wavestone's scope excluding Q_PERIOR and Aspirant Consulting: Wavestone plans to deploy consolidated operating indicators (except order book) across the entire new firm from Q1 2024/25.
© WAVESTONE | 9
Caution maintained on recruitment; stable staff turnover
- Stable staff turnover rate over the past quarter
- 14% over the fiscal year (excluding Q_PERIOR and Aspirant Consulting)
- compared with 16% over the previous fiscal year
- Moderate pace of recruitment maintained at the start of the 2024 calendar year
- due to the still uncertain economic environment
- ~800 new employees over the whole of the 2023/24 fiscal year (excluding Q_PERIOR and Aspirant Consulting)
- on Q_PERIOR side, cautious recruitment policy as well and staff turnover at 11%
- 5,894 employees at March 31, 2024
- including 1,422 from the combinations with Q_PERIOR and Aspirant Consulting
- compared with 4,406 at the end of 2022/23 fiscal year
Attachments
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Disclaimer
Wavestone SA published this content on 13 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 June 2024 07:07:01 UTC.
