Capital Markets Day 2023
“For forty years, we’ve deeply contributed to transform world industry. We’ve made it possible to evolve design from drawings to 3D master models. We’ve replaced expensive physical mockups by collaborative digital mockups, thus paving the way to collaborative platforms. Inventing Product Lifecycle Management industry solutions, we created digital continuity between design, production and supply. We catalyzed the global shift from a product economy to the Experience economy with the introduction of 3DEXPERIENCE. Extending the power of virtual twin experiences from things to life, we enabled precision medicine for the benefit of all patients.
In driving these major transformations, we’ve established long-term relationships with a very loyal global customer base, whose leaders pioneer the way to virtualization for their entire industry.
In fact, we are just getting started; this heritage we built is a strong lever for our future growth. As we look to our next horizon, 2040, we believe fostering the connection between the Experience economy and the sustainable economy requires going far beyond a transformation. A true metamorphosis is needed that can be achieved by learning from life.
We have laid a strong foundation for realizing this vision by evolving our leadership and governance. We measure the distance travelled during the past four decades, developing Dassault Systèmes from a startup to a global player, and transforming many industries, from Aerospace to the future of mobility and now Life Sciences & Healthcare practices. Our journey together has been an incredibly enjoyable time and we are ready to write the next chapter of the Company’s history by completing our governance transformation. Building on the tandem approach which proved successful with Charles Edelstenne, I will continue as Chairman to collaborate closely with the Company’s new CEO, Pascal Daloz, so that we can keep building Dassault Systèmes’ legacy and fulfill its purpose to provide businesses and people with 3DEXPERIENCE universes to imagine sustainable innovations capable of harmonizing product, nature and life.”
“Looking to our next horizon, 2040, virtual twin experiences will be a catalyst for new ways of collaborating at scale, capitalizing knowledge and know-how based on “Experience as a Service”. Sustainability will be paramount, furthering the adoption of our next generation PLM. With the combination of modelling and simulation and AI, innovation will accelerate at an exponential pace. These secular trends will have a profound impact on industry and society. As a scientific company, we are uniquely well-positioned to expand the world of virtual twin experiences so that customers can make the industry of the 21st century sustainable.
Dassault Systèmes started with applications, transformed into a platform company, and will begin its next chapter as the Virtual Twin Experience Company, providing “Experience as a Service”. As we enable the complete metamorphosis of the economy, our clients’ business models and our own business model, we will expand our value propositions, and audiences – reaching consumers, patients and citizens. Dassault Systèmes will increase its addressable markets from €100 billion today to €1 trillion by 2040.
Looking to the future, our purpose – to harmonize product nature and life – will continue to guide the creation of human-centered industry solutions. We are uniquely positioned to be the catalyst and enabler of a more sustainable industry and society. I could not be more excited about the future and what we can achieve together.”
“Dassault Systèmes' strong business model and balance sheet positions us well to leverage the considerable opportunities across our large, addressable end-markets, driving sustainable, double-digit, revenue growth, well into the future. We will continue to invest, enhancing the strong fundamentals of our business, driven by an increasing share of predictable revenue and an accelerating 3DEXPERIENCE and Cloud adoption.
We are confident in our ability to build on our track record of consistent execution and financial performance, increasing profitability and reaching our long-term non-IFRS EPS objective of €2.20 - €2.40 in 2028. Our high cash conversion rate and disciplined capital allocation strategy create ample financial flexibility to advance our strategic priorities through organic growth as well as acquisitions.”