Press Release
Dassault Systèmes’ Capital Markets Day:
On Trajectory to Achieve 2024 Objectives,
Outlining Long-Term Growth Opportunities
Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) will host its 2022 Capital Markets Day at the company’s headquarters in Vélizy-Villacoublay,
Today’s 2022 Capital Markets Day, commencing at
Bernard Charlès, Dassault Systèmes’ Vice Chairman of the Board and Chief Executive Officer commented:
“The world is transforming with sustainable experiences as the central pillar of the new era. Our clients across all industries are relying on Dassault Systèmes to create differentiated offerings within a sustainable economy.
To transform the real world, we leverage the virtual world. Science-based virtual twin experiences combine a multi-scale, multi-physics approach with artificial intelligence and data sciences to understand the real world, enabling a whole set of possibilities that only platform based, industry focused solutions can provide.
We started with virtual twins for objects – planes, cars, factories, cities –we extended this capability to life – including human beings. With the 3D
Our clients see reinventing a sustainable economy as both a challenge and a significant opportunity to differentiate. They appreciate our raison d'etre: to harmonize product, nature and life. This is deeply rooted in our heritage and remains our great ambition. IFWE utilize science to unlock the power of human ingenuity, together we can improve the lives of consumers, patients and citizens.
We have laid a solid foundation to support our long-term initiatives by establishing our next generation of leaders. We have the right governance and team in place to enable Dassault Systèmes’ growth well into the future.”
“With our successful integration of
Our numerous strategic growth drivers and strong operating model position us well to capitalize on this substantial opportunity and outpace the growth of the overall market. Our established leadership positions across industries and domains along with our platform approach support our value-up, value-wide strategies.
In addition, our 3D
“As we look to the future, we will continue to build upon our track record of consistent execution and financial performance. We are on the trajectory to achieve our 2024 EPS target of €1.20. More importantly, we are not opportunity constrained and have considerable room to grow. Our platform and cloud strategy creates a multiplier effect to drive sustainable organic growth. Our customers are choosing cloud to accelerate innovation, speed of execution and to advance new business models. This trend is also becoming a catalyst to progressively transform Dassault Systèmes.
We are in a position of strength. Our high cash conversion rate contributed to reaching our deleveraging target one year ahead of schedule. This disciplined capital allocation strategy creates ample financial flexibility to advance our strategic priorities though organic growth as well as acquisitions.
We are confident in our ability to continue to strengthen our robust business model, which provides close to 80% recurring revenue, and to execute successfully against the significant opportunities before us.”
Investor Relations Events
- Second Quarter 2022 Earnings Release:
July 26, 2022 - Third Quarter 2022 Earnings Release:
October 26, 2022 - Fourth Quarter 2022 Earnings Release:
February 2, 2023
Forward-looking Information
Statements herein that are not historical facts but express expectations or objectives for the future, including but not limited to statements regarding the Group’s non-IFRS financial performance objectives are forward-looking statements. Such forward-looking statements are based on Dassault Systèmes management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results or performances may differ materially from those in such statements due to a range of factors.
The Group’s actual results or performance may be materially negatively affected by numerous risks and uncertainties, as described in the “Risk Factors” section 1.9 of the 2021 Universal Registration Document (‘Document d'enregistrement universel’) filed with the AMF (
In particular, please refer to the risk factor “Uncertain Global Economic Environment” in section 1.9.1.1 of the 2021 Universal Registration Document set out below for ease of reference:
“In light of the uncertainties regarding economic, business, social, health and geopolitical conditions at the global level, Dassault Systèmes’ revenue, net earnings and cash flows may grow more slowly, whether on an annual or quarterly basis, mainly due to the following factors:
- the deployment of Dassault Systèmes’ solutions may represent a large portion of a customer’s investments in software technology. Decisions to make such an investment are impacted by the economic environment in which the customers operate. Uncertain global geopolitical, economic and health conditions and the lack of visibility or the lack of financial resources may cause some customers, e.g. within automotive, aerospace or natural resources industries, to reduce, postpone or terminate their investments, or to reduce or not renew ongoing paid maintenance for their installed base, which impact larger customers’ revenue with their respective sub-contractors;
- the political, economic and monetary situation in certain geographic regions where Dassault Systèmes operates could become more volatile and impact Dassault Systèmes’ business, for example, due to stricter export compliance rules or the introduction of new customs tariffs;
- continued pressure or volatility on raw materials and energy prices could also slow down Dassault Systèmes’ diversification efforts in new industries;
- current inflation forecasts, as well as uncertainties regarding the extent and duration of this trend, could adversely affect the financial condition of Dassault Systèmes; and
- the sales cycle of the Dassault Systèmes’ products – already relatively long due to the strategic nature of such investments for customers – could further lengthen.
The occurrence of crises – health and geopolitical crises in particular – could have consequences for the health and safety of Dassault Systèmes’ employees. It could also adversely impact the financial situation or financing capabilities of Dassault Systèmes’ existing and potential customers, commercial and technology partners, some of whom may be forced to temporarily close sites or cease operations. A deteriorating economic environment could generate increased price pressure and affect the collection of receivables, which would negatively impact Dassault Systèmes’ revenue, financial performance and market position.
Dassault Systèmes makes every effort to take into consideration this uncertain macroeconomic outlook. Dassault Systèmes’ business results, however, may not develop as anticipated. Furthermore, due to factors affecting sales of Dassault Systèmes’ products and services, there may be a substantial time lag between an improvement in global economic and business conditions and an upswing in the Company’s business results.”
The Group’s 2020-2024 non-IFRS EPS objective and key underlying financial estimates are based upon the following principal exchange rates over this timeframe: 1) an average US dollar to euro exchange rate of
Non-IFRS Financial Information
Readers are cautioned that the supplemental non-IFRS financial 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 in isolation from or as a substitute for IFRS measurements. The supplemental non-IFRS financial information should be read only in conjunction with the Company’s consolidated financial statements prepared in accordance with IFRS. Furthermore, the Group’s supplemental non-IFRS financial information may not be comparable to similarly titled “non-IFRS” measures used by other companies. Specific limitations for individual non-IFRS measures are set forth in the Company’s 2021 Universal Registration Document filed with the AMF on
###
FOR MORE INFORMATION
Dassault Systèmes’ 3DEXPERIENCE platform, 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions: http://www.3ds.com
ABOUT DASSAULT SYSTÈMES
Dassault Systèmes, the 3DEXPERIENCE Company, is a catalyst for human progress. We provide business and people with collaborative 3D virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, our customers push the boundaries of innovation, learning and production to achieve a more sustainable world for patients, citizens, and consumers. Dassault Systèmes brings value to more than 300,000 customers of all sizes, in all industries, in more than 130 countries. For more information, visit www.3ds.com
Dassault Systèmes Investor Relations Team FTI Consulting
+33 1 61 62 69 24/70 21 Jamie Ricketts : +44 20 3727 1600
investors@3ds.com Elena Kalinskaya: +44 20 3727 1600
Dassault Systèmes Press Contact
+33 1 61 62 87 73
arnaud.malherbe@3ds.com
© Dassault Systèmes. All rights reserved. 3DEXPERIENCE, the Compass icon, the 3DS logo, CATIA, BIOVIA, GEOVIA, SOLIDWORKS, 3DVIA, ENOVIA,
Attachment
- Dassault Systèmes’ Capital Markets Day: On Trajectory to Achieve 2024 Objectives, Outlining Long-Term Growth Opportunities
© OMX, source