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How we got through the Covid-19 crisis in 2020
People
- Telework deployed in all countries during lockdowns
- Limited recourse to partial unemployment
- Hiring postponed when possible
IT Infrastructure
- Robust network
- Secure datacenter
Innovation
- Product development plans continued as planned
Finance
- Prudent cost management
- Travel, reception, marketing all reduced
- Rent and social payments postponed
- Robust financial situation
- Reasonable leverage
- No debt maturing before October 2024
- €65m RCF undrawn
- Overdraft facilities partly unused
Business model
- Recurring revenue
- Predominately in the healthcare sector
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Rebound started right after the first lockdown
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FY 2020 Revenue virtually stable like for like
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Breakdown of business by clients
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Breakdown of business by activities
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FY 2020 performance by activities
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FY 2020 Revenue: Quarterly revenue organic change
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FY 2020 Revenue: Main trends by divisions
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Outlook
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Cegedim's equity story
We are unlocking the massive potential of the Group by creating synergies
between our different offerings
We are uniquely positioned to drive digitalization of the economy
Strong market | Strong recurring | Stable | Focus on free | |||
position | revenue base | customer base | cash flow | |||
An unique integrated healthcare | All products on | A refocused | ||
ecosystem | SaaS | group | ||
Solid business | Innovation is | Long-standing | Entrepreneurial |
model | our Motto | shareholder support | culture |
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FY 2021 Financial agenda
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Addendum
FY 2020 Revenue
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FY 2020 revenue: Software & Services division
This highly recurring business received a boost from the launch of a teleconsultation solution, Maiia Téléconsultation, which experienced strong growth due to the Covid-19 pandemic. As a reminder, the teleconsultation offering was supplied to clients free of charge in the first half of 2020. This fine performance was more than offset by the fact that several projects due to launch in 2020 were delayed until 2021 and because the complicated backdrop caused many investment decisions to be put off, particularly in the field of health insurance.
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FY 2020 revenue: Flow division
This business was negatively affected by the Covid-19 pandemic, which caused many in France to make fewer doctor visits during lockdowns, thus diminishing the health flow. Some of our clients decided to postpone projects from 2020 to 2021. However, the decline was partly offset by a very good performance in the invoice and process digitalization activity.
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FY 2020 revenue: Data & Marketing division
Data activities experienced strong growth as a result of the pandemic. On the other hand, during the first lockdown of 2020, the pandemic had a detrimental impact on advertising business at pharmacies in France.
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FY 2020 revenue: BPO division
This business got a boost from adding a new client in the fourth quarter of 2019, which more than offset the decrease in French residents' use of healthcare during the Covid-19 lockdowns.
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FY 2020 revenue: Corporate & others division
No comments
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Bridge from reported to LFL revenues
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FY 2020 revenue: Sector / Division comparison
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Q4 2020 Revenue overview
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Thank you for your attention
For any additional information
janeryk.umiastowski@cegedim.com
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Disclaimer
Cegedim SA published this content on 26 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2021 16:57:01 UTC