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Thursday 26th March 2009

2008 Annual Results

2008 Annual Results

Financial Year Ended 31st December 2008

Patrick Bensabat,

Chief Executive Officer

Christophe Dumoulin,

Executive Chairman

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1

3

Group activities

Company history and activities

Financial performance

2

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Business & Decision today

Founded in 1992 In excess of 2,800 projects

implemented in 1600 worldwide clients

Our key success factors :

* Dual competencies required to develop IT systems designed to meet our customers

business needs.

* Partnering with our customers from the

An expert in : * Business Intelligence * Customer Relationship worldwide clients 2800 consultants Turnover of €238.7m in 2008 A strong international presence in 20 countries Listed on Eurolist C in May 2001

* Partnering with our customers from the start to the end of the project : from consulting to continuous improvement, through hosting, management change…

* Delivery models created with our expertise which can be adapted to our customers needs, confines and cultures.

* Customer Relationship Management * e-Business * Enterprise Information Management * Enterprise Solutions * Management Consulting

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Business & Decision in figures

2008 Turnover by

activity

Turnover growth

at constant

exchange rates

Employees

2008 Turnover per

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Brussels Luxemburg Amsterdam Chester Edinburgh London Oxford Manchester

An international presence

Russia Montreal Morocco Bangalore France* Manchester Sunderland Madrid Geneva Zurich Bern Thun Chicago Philadelphia Atlanta *Paris & PS Aix-en-Provence Tunisia Tel-Aviv Hambourg Waldorff Russia Romania Beijing Dublin Mauritius Bangalore New Delhi Aix-en-Provence Bordeaux Caen Grenoble Lille Lyon Montpellier Nantes Nice Niort Rennes Toulouse Milano

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0ur strategic partners

Strategic partner in Life Sciences, CRM, BI, Identity & Access Management

Number one partner of Hyperion in Europe, Platinum since 2002, more then 180 mutual customers

First Siebel System integrator in France, CRM On demand partner in Europe

Gold Partner at Group level with strong relationships in UK, Spain and France

2008 Best CRM partner Award for ‘influenced revenue’

Partnerships across Business & Decision expertise (Data Management, Performance management, IEM, CRM…)

1st place in the 2006 Cognos Platinum awards

Expertise in all Cognos solutions (performance management, budget, reporting and financial consolidation, reporting and analyses…)

Strategic partner in Information Management (MDM,ETL…)

Strategic Partner in BI, Risk & Compliance, CRM, IEM, Financials

SI French Market leader in SAP BI

Management of major BAP BPC projects

European Gold Partner and strong relationships in Benelux, UK and France

Strategic partner in Data Governance/ Data quality (Dataflux)

A state-of-the-art expertise in Financial intelligence and CPM, risk & compliance (SOX, MIFID, Basel 2,FDA), BI competency Centres, CRM, life sciences, banking.

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A unique combination of high value skills and expertise

31/03/2009 Business Intelligence • EPM • Purchasing & Supply chain Intelligence • HR analytics • Sales & marketing performance C R M • Multi-channel Customer Relationships • Enterprise marketing • Customer analytics • Customer E-business & Digital Marketing • CEM • E-commerce • E-comms • E-enterprise • E-government • Mobility E I M • Master Data Management • Security and compliance • Federated information • Architecture & Business Business Process Optimisation • Financial process transformation • Financial Consolidation • Life Sciences • Risks and 8 performance management • Risk intelligence • IT Performance Management • Customer strategies Business Process Management • Risks and compliance • Sales & marketing process transformation

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Renowned worldwide expertise by industry thought leaders

Gartner :

Marketscope for BI & PM Services Western Europe, 2008

Gartner :

Gartner :

Magic Quadrant for

BI, CPM

CRM

Delivery

Models

Magic Quadrant for CRM providers, 2008,

North America et Europe

Forrester:

The 2008 and 2009 web design vendor

survey

MDM Institute

"Top 50" MDM

Gartner:

Hype Cycle for Consulting and System Integration, 2008 Consulting in cloud delivery models

E-biz, Web

Enterprise

Solutions

"Top 50" MDM Systems Integrators

“Business & Decision had generally high scores in our customer satisfaction survey and received

high marks for being able to deliver on time, on budget and on scope. Clients indicated that

service offerings that provide a BI vision and leadership in BI have worked well. Clients also

indicated that technical skills and experience are good.. »

Susanne Karlsson, Neil Chandler, Alex Soejarto GARTNER - Research

EIM

MDM

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1

3

Group activities

Company history and activities

Financial performance

2

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Business intelligence and Performance Management solutions

Performance Management Sales & supply-chain optimisation Incentive and commission management

Sustainability Sales &

marketing

Risks & compliance

IT Governance

Information distribution, enterprise reporting

Publication, ad hoc reports, analysis, data mining

Data model definition, performance indicators, data management…

Data integration, meta data management, Master Data Management

Business focus : Managing a business in a crisis.

Economic goals: Reducing costs of BI and CPM projects by consolidation and adoption of appropriate delivery models.

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Customer Relationship Management Solutions

Marketing Sales Services & contact centres C R M e-services e-CRM CRM analytics, Managing customer relations Customer Strategy Execution

Customer references, products, points of sales

Service Oriented Architecture, Business Process Management

Governance and data quality, de-duplication, normalisation

Integration (software package, office automation, mobility), tailored developments

Integration (software package, office automation, mobility), tailored developments

Business focus: Capitalising on knowledge of customers and partners to deliver recurring and profitable projects; innovating through co-creation.

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e-Business global solutions

Digital

Marketing

• Consulting

• Marketing

• Innovation

• Technologies

e-commerce

• Customer

channels

• 2.0 basket

• Cross / Up

Selling

Entreprise

portals

• Intranet

• Extranet

Optimisation

&

Performance

• e-CRM

• e-BI

• EFM

Consulting, AMOA, Business expertise

Multi site developments, multi country, multi channel

Framework development .NET, Java, PHP

Framework development .NET, Java, PHP

Business focus : Evolving through a service economy and establishing a direct relationship with the final customer, based on Customer Experience.

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Enterprise Information Management (EIM) solutions

Master Data Management / Business Role Management (MDM / BRM) • Master Data references • Rules • Governance & data quality Enterprise Content Management (ECM) • Collaborative portals • Content Management • Enterprise Search • Data filing Security, risks & compliance • Identity & Access Management (IAM) • Role management & segregation of duties • Regulatory Architecture & integration (IT / BPM / SOA) • Processes management • Information integration • Java/.NET dev industrialisation • New architecture models data quality • Data filing

• Structured / non

structured data integration

• Regulatory

compliance models(SOA, SaaS)

Business focus : Enhance information capital throughout company processes through to P&Ls

Economic goals: Reducing costs linked to poor quality data and provide information at the right time and place.

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Management Consulting solutions

Business processes improvement Finance function transformation Financial Consolidation Risk management & compliance Sales & Marketing optimisation ERP & IT optimisation IT Governance

Performance Management

Business Consulting

Change Management

AMOA

AMOA

Business focus : Making sure, through TIC uses, that strategies translate to business results and performance is aligned to market developments.

Economic goals : Industrialising management processes that are not yet standardised and continuous improvement on those that are.

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1

Group activities

Company history and activities

Financial performance

2

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Sustained growth over the years

300

Turnover

€m

€m

International contribution to Turnover

140 91,2 142,6 202,3 238,7 100 150 200 250 54,2 96,4 115,7 40 60 80 100 120 91,2 0 50 2005 2006 2007 2008 25,5 0 20 40 2005 2006 2007 2008

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18

Current operating income and Net Income (Group Share)

Current operating income

€m

9,2

8,0 10,0

Net income (Group share)

€m 7,2 13,2 16,5 6,8 4 6 8 10 12 14 16 5,1 9,2 6,7 -6,7 -6,0 -4,0 -2,0 0,0 2,0 4,0 6,0 8,0 2005 2006 2007 2008 0 2 2005 2006 2007 2008 -6,7 -8,0 -6,0

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Controlled headcount growth



A net rise of 300 people in

global headcount during the year

2500

2800

2500 3000

global headcount during the year

reflecting a cautious slowdown in

recruitment in H2.



Employee Turnover < 10%



Development of staff pyramid

with the integration of more than

300 trainees



More than 2 weeks of training

736 1100 1800 500 1000 1500 2000

per consultant



A recruitment policy adapted to

the current economic crisis

0 500

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2008 annual balance sheet summary (€m)

Non-Current

assets

64.7

69.5

55.4

Non-current liabilities

13.1

17.1

25.7

Consolidated

Shareholders' equity

42.6

53.2

53

Net 31/12/08 Net 30/06/08 Net 31/12/07 Net 31/12/08 Net 30/06/08 Net 31/12/07

Goodwill

44.5

46.8

42

Net assets

17.7

17.6

8.3

Non current assets

2.5

5.1

5.1

Non-current liabilities

13.1

17.1

25.7

Provisions

1.9

1.1

1.8

Financial liabilities

9

14.4

22.9

Other creditors

2.2

1.6

1

Current assets

92

103.2

88.2

Current Liabilities

101

102.4

64.9

Trade receivables

77

81.2

76.2

Other current assets

6.6

19.3

6.7

Cash and cash

equivalents

8.4

2.7

5.3

Trade payables

9.9

11.0

11.8

Sundry creditors

49.8

49.7

42.4

Less 1 year financial

liabilities

31.8

24.7

10.7

Cash and cash equivalent

9.5

17.0

0

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Balance sheet complimentary information



Re-negotiation of our

banking covenants at 31/12/08

50,00 60,00



Net debt analysis

banking covenants at 31/12/08



Stronger management of

working capital



Free Cash Flow generation of

€11.5m on H2



Purchase €3.

5m of own

shares in FY.



Reduction of shareholders’

-10,00 20,00 30,00 40,00 50,00 31/12/2007 30/06/2008 31/12/2008 28,30 53,40 41,90

equity of €2.5m

31/12/2008 Net debt



Goodwill amortization analysis

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1

3

Group activities

Company history and activities

Financial performance

2

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Our strategy

International

International

growth

Achieve critical mass

BnV

ICS

OnShore

NearShore

OffShore

growth

Global

Delivery

Model

Targeted

acquisitions

A controlled strategy

A specialist

player

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Contacts

Financial contacts :

[email protected]

www.businessdecision.com

www.businessdecision.fr

www.businessdecision.fr

(rubric « investors»)

References

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