DASSAULT SYSTEMES
SUPPLEMENTAL NON-IFRS FINANCIAL
INFORMATION
IFRS – NON-IFRS RECONCILIATION
(unaudited;
in millions of Euros, except per share data)
Readers are cautioned that the supplemental non-IFRS information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Company’s supplemental non-IFRS financial information may not be comparable to similarly titled non-IFRS measures used by other companies. Further specific limitations for individual non-IFRS measures, and the reasons for presenting non-IFRS financial information, are set forth in the Company’s Document de référence for the year ended December 31, 2009 and 2010 Half Year report filed with the AMF on April 1, 2010, and August 2, 2010, respectively. To compensate for these limitations, the supplemental non-IFRS financial information should be read not in isolation, but only in conjunction with the Company’s consolidated financial statements prepared in accordance with IFRS.
| In millions of Euros, except per share data and percentages | Three months ended December 31, | Change | |||||||||||||||
| 2010 |
Adjustment |
2010 | 2009 |
Adjustment |
2009 | IFRS |
Non-IFRS |
||||||||||
| IFRS |
(1) |
non-IFRS | IFRS |
(1) |
non-IFRS |
(2) |
|||||||||||
| Total Revenue | € 462.7 | 4.6 | € 467.3 | € 339.0 | 0.1 | € 339.1 | 36% | 38% | |||||||||
| Total Revenue breakdown by activity | |||||||||||||||||
| Software revenue | 418.2 | 4.6 | 422.8 | 301.1 | 0.1 | 301.2 | 39% | 40% | |||||||||
| New Licenses | 135.8 | 96.7 | 40% | ||||||||||||||
| Product Development | 1.8 | 2.0 | |||||||||||||||
| Periodic Licenses and Maintenance | 280.6 | 4.6 | 285.2 | 202.4 | 0.1 | 202.5 | 39% | 41% | |||||||||
| Recurring portion of Software revenue | 67% | 67% | 67% | 67% | |||||||||||||
| Services and other revenue | 44.5 | 37.9 | 17% | ||||||||||||||
| Total Software Revenue breakdown by product line | |||||||||||||||||
| PLM software revenue | 335.4 | 4.6 | 340.0 | 237.1 | 0.1 | 237.2 | 41% | 43% | |||||||||
| of which CATIA software revenue | 199.0 | 3.8 | 202.8 | 134.3 | 48% | 51% | |||||||||||
| of which ENOVIA software revenue | 67.0 | 0.9 | 67.9 | 48.6 | 38% | 40% | |||||||||||
| Mainstream 3D software revenue | 82.8 | 64.0 | 29% | ||||||||||||||
| Total Revenue breakdown by geography | |||||||||||||||||
| Americas | 132.3 | 1.8 | 134.1 | 103.3 | 0.0 | 103.3 | 28% | 30% | |||||||||
| Europe | 215.3 | 3.4 | 218.7 | 160.9 | 0.1 | 161.0 | 34% | 36% | |||||||||
| Asia | 115.1 | (0.6) | 114.5 | 74.8 | 0.0 | 74.8 | 54% | 53% | |||||||||
| Total Operating Expenses | (€ 338.0) | 29.3 | (€ 308.7) | (€ 247.3) | 18.9 | (€ 228.4) | 37% | 35% | |||||||||
| Stock-based compensation expense | (3.9) | 3.9 | - | (6.1) | 6.1 | - | - | - | |||||||||
| Amortization of acquired intangibles | (23.5) | 23.5 | - | (9.4) | 9.4 | - | - | - | |||||||||
| Other operating income and expense, net | (1.9) | 1.9 | - | (3.4) | 3.4 | - | - | - | |||||||||
| Operating Income | € 124.7 | 33.9 | € 158.6 | € 91.7 | 19.0 | € 110.7 | 36% | 43% | |||||||||
| Operating Margin | 27.0% | 33.9% | 27.1% | 32.6% | |||||||||||||
| Income before Income Taxes | 124.7 | 33.9 | 158.6 | 92.6 | 19.0 | 111.6 | 35% | 42% | |||||||||
| Income tax expense | (46.0) | (10.8) | (56.8) | (15.6) | (14.4) | (30.0) | - | - | |||||||||
| Income tax adjustments | (10.8) | 10.8 | - | (14.4) | 14.4 | - | - | - | |||||||||
| Minority interest | 0.0 | (0.1) | - | ||||||||||||||
| Net Income attributable to shareholders | € 78.7 | 23.1 | € 101.8 | € 76.9 | 4.6 | € 81.5 | 2% | 25% | |||||||||
| Diluted Net Income Per Share (3) | € 0.64 | 0.19 | € 0.83 | € 0.65 | 0.03 | € 0.68 | (2%) | 22% | |||||||||
| Three months ended December 31, | |||||||||||||
| In millions of Euros | 2010 IFRS | Adjustment | 2010 | 2009 IFRS | Adjustment | 2009 | |||||||
| non-IFRS | non-IFRS | ||||||||||||
| Cost of services and other revenue | (38.6) | 0.2 | (38.4) | (33.6) | 0.2 | (33.4) | |||||||
| Research and development | (77.7) | 2.2 | (75.5) | (66.8) | 3.5 | (63.3) | |||||||
| Marketing and sales | (138.0) | 0.8 | (137.2) | (89.6) | 1.2 | (88.4) | |||||||
| General and administrative | (37.5) | 0.7 | (36.8) | (28.7) | 1.2 | (27.5) | |||||||
| Total stock-based compensation expense | 3.9 | 6.1 | |||||||||||
