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(Tables to Follow)
TABLE OF CONTENTS
Non-IFRS key figures
Condensed consolidated statements of income
Condensed consolidated balance sheets
Condensed consolidated cash flow statements
IFRS – non-IFRS reconciliation
DASSAULT SYSTEMES
NON-IFRS KEY FIGURES
(unaudited; in millions of Euros, except per share data, headcount and exchange rates)
Non-IFRS key figures exclude the effects of adjusting the carrying value of acquired companies’ deferred revenue, share-based compensation expense and related social charges, amortization of acquired intangible assets, other operating income and expense, net, certain one-time financial revenue items and the income tax effects of these non-IFRS adjustments.
Comparable IFRS financial information and a reconciliation of the IFRS and non-IFRS measures are set forth in the separate tables within this Attachment.
| In millions of Euros, except per share data and percentages | Three months ended | |||||||
|
March 31, 2016 |
March 31, 2015 |
Change |
Change in cc* |
|||||
| Non-IFRS Revenue | € 693.5 | € 665.1 | 4% | 5% | ||||
| Non-IFRS Revenue breakdown by activity | ||||||||
| Software revenue | 613.9 | 591.0 | 4% | 4% | ||||
| of which new licenses revenue | 157.9 | 163.6 | -3% | -3% | ||||
| of which periodic licenses, maintenance and
other software-related revenue |
456.0 | 427.4 | 7% | 7% | ||||
| Services and other revenue | 79.6 | 74.1 | 7% | 7% | ||||
| Non-IFRS Recurring software revenue | 453.7 | 421.8 | 8% | 8% | ||||
| Non-IFRS software revenue breakdown by product line | ||||||||
| CATIA software revenue | 221.4 | 210.6 | 5% | 5% | ||||
| ENOVIA software revenue | 70.9 | 63.7 | 11% | 11% | ||||
| SOLIDWORKS software revenue | 151.5 | 142.7 | 6% | 8% | ||||
| Other software revenue | 170.1 | 174.0 | -2% | -2% | ||||
| Non-IFRS Revenue breakdown by geography | ||||||||
| Americas | 216.5 | 204.3 | 6% | 4% | ||||
| Europe | 292.8 | 287.0 | 2% | 4% | ||||
| Asia | 184.2 | 173.8 | 6% | 5% | ||||
| Non-IFRS operating income | € 181.7 | € 171.7 | 6% | |||||
| Non-IFRS operating margin | 26.2% | 25.8% | ||||||
| Non-IFRS net income attributable to shareholders | 131.1 | 110.7 | 18% | |||||
| Non-IFRS diluted net income per share | € 0.51 | € 0.43 | 19% | |||||
| Closing headcount | 14,207 | 13,409 | 6% | |||||
| Average Rate USD per Euro | 1.10 | 1.13 | -3% | |||||
| Average Rate JPY per Euro | 127.0 | 134.1 | -5% | |||||
| * In constant currencies | ||||||||
|
DASSAULT SYSTEMES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (IFRS) (unaudited; in millions of Euros, except per share data) |
||||
| In millions of Euros, except per share data and percentages | Three months ended | |||
| March 31, | March 31, | |||
| 2016 | 2015 | |||
| New licenses revenue | 157.3 | 156.5 | ||
| Periodic licenses, maintenance and other software-related revenue | 454.8 | 421.7 | ||
| Software revenue | 612.1 | 578.2 | ||
| Services and other revenue | 79.3 | 73.3 | ||
| Total Revenue | € 691.4 | € 651.5 | ||
| Cost of software revenue (excluding amortization of acquired intangibles) | (37.5) | (36.7) | ||
| Cost of services and other revenue | (77.1) | (70.8) | ||
| Research and development | (130.5) | (123.2) | ||
| Marketing and sales | (227.8) | (217.5) | ||
| General and administrative | (54.4) | (50.4) | ||
| Amortization of acquired intangibles | (39.2) | (40.1) | ||
| Other operating income and expense, net | (2.4) | (2.3) | ||
| Total Operating Expenses | (€ 568.9) | (€ 541.0) | ||
| Operating Income | € 122.5 | € 110.5 | ||
| Financial revenue and other, net | (9.2) | 0.7 | ||
| Income before income taxes | 113.3 | 111.2 | ||
| Income tax expense | (22.6) | (40.2) | ||
| Net Income | 90.7 | 71.0 | ||
| Non-controlling interest | (0.8) | (1.1) | ||
| Net Income attributable to equity holders of the parent | € 89.9 | € 69.9 | ||
| Basic net income per share | 0.35 | 0.28 | ||
| Diluted net income per share | € 0.35 | € 0.27 | ||
| Basic weighted average shares outstanding (in millions) | 253.7 | 251.8 | ||
| Diluted weighted average shares outstanding (in millions) | 257.2 | 255.6 | ||
|
IFRS revenue variation as reported and in constant currencies |
||||
| Three months ended March 31, 2016 | ||||
| Change* | Change in cc** | |||
| IFRS Revenue | 6% | 6% | ||
| IFRS Revenue by activity | ||||
| Software revenue | 6% | 6% | ||
| Services and other revenue | 8% | 8% | ||
| IFRS Software Revenue by product line | ||||
| CATIA software revenue | 5% | 5% | ||
| ENOVIA software revenue | 11% | 11% | ||
| SOLIDWORKS software revenue | 6% | 8% | ||
| Other software revenue | 4% | 4% | ||
| IFRS Revenue by geography | ||||
| Americas | 9% | 8% | ||
| Europe | 3% | 6% | ||
| Asia | 7% | 7% | ||
