Dassault Systèmes Raises EPS Guidance for 2018

(2) The non-IFRS percentage increase (decrease) compares non-IFRS measures for the two different periods. In the event there is non-IFRS adjustment to the relevant measure for only one of the periods under comparison, the non-IFRS increase (decrease) compares the non-IFRS measure to the relevant IFRS measure.
(3) Based on a weighted average 260.4 million diluted shares for Q2 2018 and 257.9 million diluted shares for Q2 2017.

IAS 18

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, 2017 filed with the AMF on March 21, 2018. 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   Six months ended June 30,   Change
2018   Adjustment (1)   2018   2017   Adjustment (1)   2017   IFRS   Non-IFRS (2)
    IFRS       Non-IFRS   IFRS       Non-IFRS        
Total Revenue IAS18 € 1,606.6 € 4.8 € 1,611.4 € 1,566.2 € 10.1 € 1,576.3 3% 2%
Total Revenue IAS18 breakdown by activity
Software revenue 1,435.4 4.8 1,440.2 1,388.7 10.1 1,398.8 3% 3%
Licenses and other software revenue 399.3 399.3 384.8 384.8 4% 4%
Subscription and Support revenue 1,036.0 4.8 1,040.9 1,003.9 10.1 1,014.0 3% 3%
Recurring portion of Software revenue 72% 72% 72% 72%
Services revenue 171.2 171.2 177.5 177.5 -4% -4%
Total Software Revenue IA18 breakdown by product line
CATIA software revenue 491.4 0.5 491.9 486.2 486.2 1% 1%
ENOVIA software revenue 160.8 160.8 158.0 158.0 2% 2%
SOLIDWORKS software revenue 360.3 360.3 350.9 350.9 3% 3%
Other software revenue 422.9 4.4 427.3 393.6 10.1 403.8 7% 6%
Total Revenue IAS18 breakdown by geography
Americas 474.7 2.8 477.5 490.7 3.2 493.9 -3% -3%
Europe 679.1 0.6 679.7 653.8 6.3 660.1 4% 3%
Asia   452.7   1.5   454.2   421.7   0.6   422.3   7%   8%
Total Operating Expenses (€ 1,299.0) 149.5 (€ 1,149.5) (€ 1,277.3) 145.4 (€ 1,131.8) 2% 2%
Share-based compensation expense (60.2) 60.2 - (54.4) 54.4 -
Amortization of acquired intangibles (82.5) 82.5 - (80.5) 80.5 -
Other operating income and expense, net   (6.9)   6.9   -   (10.6)   10.6   -        
Operating Income € 307.6 154.4 € 462.0 € 288.9 155.6 € 444.5 6% 4%
Operating Margin 19.1% 28.7% 18.4% 28.2%
Financial revenue & other, net 9.1 1.1 10.3 22.5 (22.6) (0.2) -59% N/A
Income tax expense (80.2) (53.5) (133.7) (102.2) (45.8) (147.9) -22% -10%
Non-controlling interest 0.4 0.4 (1.3) (1.3)
Net Income attributable to shareholders € 236.9 102.0 € 339.0 € 208.0 87.2 € 295.1 14% 15%
Diluted Net Income Per Share (3)   € 0.91   0.39   € 1.30   € 0.81   0.34   € 1.15   12%   13%

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