WAVESTONE AGENDA
01 | Wavestone, a new consulting champion |
02 | Outlook and recent news |
03 Appendix
© WAVESTONE + Q_PERIOR | 2
Wavestone: a new global consulting powerhouse
- people-centricand responsible company
A consultancy that puts people at the center of everything.
An ethical and civic-minded firm, at the forefront of best practices in social, societal and environmental responsibility.
A unique range of capabilities
Unrivalled industry expertise and technology fluency.
Cutting-edge know-howin key cross- industry domains such as Cybersecurity or Sustainability.
End-to-end transformation support, from building the business case to making the change happen.
Independent, integrated, with one objective: Client Success
A development model driven by growth.
Majority of the shares owned by founders and key leaders of the firm.
© WAVESTONE + Q_PERIOR | 3
Stronger and broader: a substantial international presence
A leading position in the three main markets of continental Europe
OTHER | ||
NORTH AMERICA | 4% | |
UK | 5% | |
5% | ||
SWITZERLAND | 11% |
52%
FRANCE
23%
GERMANY
€835m
consolidated revenue1 at March 31, 2023
12.1%
consolidated EBIT margin1 at March 31, 2023
5,500+
cumulated FTEs
17 countries
in presence
1 Based on IFRS unaudited pro forma figures over 12 months at March 31, 2023
© WAVESTONE + Q_PERIOR | 4
Breakdown of the new group's activities
OTHERS | ||
CONSUMER GOODS, | ||
RETAIL & LUXURY | ||
6% 5% | BANKING | |
PUBLIC SECTOR & | 21% | |
INTERNATIONAL INSTITUTIONS | 10% | |
AUTOMOTIVE 13% | 18% | |
& INDUSTRY |
Key customers1
BMW | MUNICH RE |
CREDIT AGRICOLE | SNCF |
DEUTSCHE BAHN | SOCIETE GENERALE |
13%
TRANSPORTATION,
TRAVEL & LOGISTICS
1 Ranked by alphabetical order
INSURANCE
14%
ENERGY
EDF | SWISS RE |
L'OREAL | TOTALENERGIES |
© WAVESTONE + Q_PERIOR | 5
A 360° transformation portfolio of high-value consulting services
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
Unrivalled industry expertise
Banking, Insurance, Energy, Transportation,
Automotive & Industry, Beauty & Luxury,…
Corporate functions and support-process capabilities
Corporate finance, HR and procurement,
Sourcing & Services optimization,
Change Management
Sustainability capabilities
Decarbonation, Green IT, IT for Green
CSRD - Double materiality assessment
Note: non-exhaustive selection of key cross-industry capabilities
© WAVESTONE + Q_PERIOR | 6
Long-term growth ambitions while remaining true to our non-financial commitments
2025 | By 20251, reach €1bn revenue | |
and EBIT of at least €130m, | ||
and, in the longer term: | ||
2026 | ||
• | Sustain a 15% revenue growth rate2. | |
2027 | • | Be considered by our clients as the |
2028 | trusted alternative to major and | |
established competitors3 for their | ||
2029 | major transformation projects. | |
2030 |
A culture of strong non-financial
performance…
- Client satisfaction: NPS® score above 50.
- Talent development: High employee engagement index, in the TOP 10% of the Great Place to Work® ranking in each. country.
- ESG commitment: in the TOP 5% of the best companies in terms of CSR.
- Excluding new acquisitions
- Combining organic growth and acquisitions
- Big 4 and dominant UK/US firms
AGENDA
01 | Wavestone, a new consulting champion |
02 | Outlook and recent news |
03 Appendix
© WAVESTONE + Q_PERIOR | 8
Wavestone + Q_PERIOR: closing on December 5, 2023
- Details of the operation
- acquisition by Wavestone of 100% of Q_PERIOR's share capital
- base price: €321.9m (€330m in enterprise value)
- 79% of the base price financed by shares
- earnout of up to €35m
- consolidated from December 1, 2023
- Action in concert concretized by a ten-year shareholders' agreement
- 4-yearlock-up for parties acting in concert
- shares under lock-up mechanism representing 60.19% of the capital
- with a degressive mechanism over 4 years
- Extended and strengthened governance
- appointment of 2 new Directors from Q_PERIOR
- General Management extended from 2 to 3 people
Breakdown of capital after the operation1
(24,906,332 shares)
TREASURY STOCK
1.3%
IMBERT FAMILY | ||
FREE FLOAT | 23.2% | |
29.0% | ||
60.19% | ||
Concert of | ||
Q_PERIOR | controlling | |
shareholders | ||
EMPLOYEES | ||
2.9% | 6.6% | 20.9% |
DANCOISNE-CHAVELAS | ||
WAVESTONE | 16.0% | |
FAMILY | ||
EMPLOYEES | ||
MAJORITY
SHAREHOLDERS
Q_PERIOR
© WAVESTONE | 9 |
1 based on the breakdown of Wavestone's capital at September 30, 2023 |
Strengthening our position in the US with the acquisition of Aspirant Consulting
- Aspirant Consulting: supporting the digital transformation of businesses
- leading expertise in marketing & innovation, organizational design & change management, and digital transformation
- clients: Global 500 companies and large US companies in several sectors, in particular Life Sciences
- Strengthening of Wavestone's position in the US
- alignment of the two firms in terms of commercial approach and values
- leaders of Aspirant Consulting will continue the firm's development within Wavestone
- Terms of the operation
- acquisition by Wavestone of a 100% share capital in Aspirant Consulting
- purchase price: $24.0m (€21.9m) in enterprise value
- up to $10.0m (€9.1m), depending on the performance of the firm to December 31, 2024
-
Estimated revenue of $26.1m
(~€23.8m) for the fiscal year ended December 31, 2023 - Expected adjusted EBITDA margin of over 10%
- ~100 employees including about
80 consultants - Registered office: Pittsburgh,
United States - Consolidated from
February 1, 2024
© WAVESTONE | 10 |
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Wavestone SA published this content on 14 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2024 08:21:06 UTC.
