Geac Computer (GEAC) 6-K Current report (foreign)

Exhibit 99.1

Searchable text section of graphics shown above

Continuing the Momentum:
Financial, Operational, Strategic

C. Kent Jespersen

Non-Executive Chairman

Thomas I.A. Allen

Chairman, Corporate Governance

and Nominating Committee

Charles S. Jones

Chief Executive Officer

August 26, 2005

[LOGO]

Forward Looking Statement Disclaimer

This discussion includes forward-looking statements of Geac’s intentions, beliefs, expectations and predictions for the future These forward-looking statements may include use of the future tense with words such as “will,” “may,” “intends,” “anticipates,” “expects” and similar conditional or forward-looking words and phrases. These forward-looking statements are neither promises nor guarantees. They are only predictions that are subject to risks and uncertainties, and they may differ materially from actual future events or results. Geac undertakes no obligation to update or revise the information presented today and Geac disclaims any obligation to update any such forward-looking statements after today’s date. Among the risks and uncertainties that could cause a material difference between these forward-looking statements and actual events include, among other things:

•our ability to increase revenues from new license sales, cross-sell into our existing customer base and reduce customer attrition;

•whether we can identify and acquire synergistic businesses and, if so, whether we can successfully integrate them into our existing operations;

•whether we are able to deliver products and services within required time frames and budgets to meet increasingly competitive customer demands and performance guaranties;

•risks inherent in fluctuating international currency exchange rates in light of our global operations and the unpredictable effect of geopolitical world and local events;

•whether we are successful in our continued efforts to manage expenses effectively and maintain profitability;

•our ability to achieve revenue from products and services that are under development; and

•the uncertain effect of the competitive environment in which we operate and resulting pricing pressures.

These and other potential risks and uncertainties that relate to Geac’s business and operations are summarized in more detail from time to time in our filings with the United States Securities and Exchange Commission and with the Canadian Securities Administrators, including Geac’s most recent quarterly reports available through the website maintained by the SEC at www.sec.gov and through the website maintained by the Canadian Securities Administrators and the Canadian Depository for Securities Limited at www.sedar.com for more information on risk factors that could cause actual results to differ from the statements discussed today.

[GRAPHIC] Geac at a Glance

History and Development

•Founded in 1971

•30+ years building Enterprise Software Solutions

•Historic growth through acquisitions of application software enterprises

Financial Statistics

Price as of 08/22/05	Cdn$		12.14
Market Cap	Cdn$		1.05B
FY2005 Revenue	$	444.4M
FY2005 EPS	$	0.87
FY2005 Net Earnings	$	77.0M
Total Cash as of 04/30/05	$	188.2M

Business Summary

•Leading financial and operational technology solutions software and service provider

•Provides best-in-class technology solutions for the issues confronting the CFO

•Technology products and services divided into two business segments:  Enterprise Applications Systems and Industry Specific Applications

•2,200 employees in 52 locations around the world

•18,500 customers worldwide

•12,800 customers in the United States; including 48 of the Fortune 100

3

Geac’s Transformation

Geac has delivered for shareholders.  Since 2003 we have:

•Strengthened our executive team

•Acquired and integrated two key businesses

•Reduced costs

•Penetrated and entered new markets

•Driven new revenue through product and marketing innovation

Actions taken by current leadership have resulted in dramatically improved financial results

4

Significant Performance Improvement

During the past two fiscal years, a period that closely tracks the tenure of Geac’s current leadership team:

•Net earnings have increased 141%, to $77.0 million ($0.87 per diluted share), up from $31.9 million ($0.39 per diluted share)

•EBITDA margin increased to 22.5% from 16.1%

•Cash and equivalents more than doubled to $188.2 million from $89.8 million. 

5

Strong Financial Performance

License Revenue as a Percentage of Total Revenue

[CHART]

Net Earnings Margin

[CHART]

EBITDA Margin

[CHART]

Cash and Short-Term Investments

[CHART]

6

Operating Performance vs. Peers

License Revenue Growth
(LTM 2 Year CAGR)

[CHART]

Total Revenue Growth
(LTM 2 Year CAGR)

[CHART]

(1)	Organic license revenue CAGR over the period was 24.5%, with the remainder coming from acquisitions
(2)	Organic total revenue CAGR over the period was 16.4%, with the remainder coming from acquisitions

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Financial Performance vs. Peers

EPS Growth
(LTM 2 Year CAGR)

[CHART]

LTM EBITDA Margin

[CHART]

(1)Large percentage increase due to small LTM EPS figure at 6/30/2003 of $0.03, increasing to $0.21 at 6/30/2005

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Outstanding Stock Performance

•Geac’s share price up 129% to Cdn$12.14 on August 22, 2005, from Cdn $5.29 on July 17, 2003.

•By comparison, the NASDAQ and the TSX Composite Index and a benchmark of our peers increased only 26%, 49% and 26%, respectively, over the same period. 

[CHART]

(1)Consists of Business Objects, Cognos, Hyperion, Lawson, Manhattan Associates, Epicor, JDA Software and Intentia

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Value-Enhancing Strategy

Continue to Build Revenue Growth Engine

•Expand and integrate offerings

•Sell solutions, not just products

Additional Cost Reductions

•Target: reduce support and development costs an additional 30% over 2 years

Strategic Acquisitions

•Increase competitiveness

•Grow license revenue base

•Add scale

10

Performance Management:
Geac’s Differentiator

BUILD BUY PARTNER

Geac Performance Management

Umbrella Strategy

• Strategy Management

• Compliance Management

• Statutory Reporting

• Time Capture

• Budgeting, Planning, Forecasting

• Financial/Mgmt Reporting

• Expense Reporting

• Supply Chain

• Financial Consolidations

• Score Carding

Connectivity Framework

Enterprise Applications

Ubiquitous Platforms (open architecture)

Core Strategy

E&M SmartStream System21 Anael Local Govt. Libraries Runtime

Outside the Umbrella

Interealty

Public Safety

Restaurants

Note: Performance management has been integrated into several Enterprise Applications: Anael, Enterprise Server, Property Management and Local Government all offer performance management functionality.

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Financial Value Chain: CFO’s Domain

Financial Value Chain

• Financials	• HR/Payroll	• Credit and Collections
• Fixed Assets	• Procurement	• Expense Management
• Supply Chain	• Inventory	• Time Reporting
• Accounting		• Compliance

TRANSACTIONS PROCESS(ES) MEASUREMENT

• Approval and Workflow
• Trade Promotion	• Strategy	• Consolidation
• Risk Management	• Forecasting	• Activity-Based
• Business Process Management	• Planning	Costing/Management
	• Budgeting

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Revenue Growth Engines

Continue to build new products internally

Increase maintenance revenue by replicating success of Aurora into other product lines

Target additional sales of integrated products

Cross-sell products into existing client base

Build on domain expertise (government, financial services, specialty retail, healthcare)

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Recent Successes

Organic growth engine beginning to take hold

•28% of new licenses in the fourth quarter were new products

•Multiple products being integrated into single solutions

•Multi-product solutions have been sold to Apparel retailers such as Animal and VF Europe, incorporating Runtime, System21 and MPC.  These unique solutions, which consist of ERP, CRM, PLM and Budgeting/Planning meet this industry’s needs.

Value for Maintenance Program has resulted in maintenance attrition under 10%

System21 Aurora Project has revitalized System21, and extended its lifecycle

Bundling of products and cross-selling is driving more revenue synergies

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Continuing Focus on Cost Reduction

Targeting Development and Sales/Marketing expenses for additional improvement

•Combine certain products for added efficiencies

•Combine support and R&D functions in certain legacy product lines

Assessing implementation of cost-saving programs for customer service and R&D

Continue to increase efficiency of development spending

•Offshore significantly more R&D and some support functions to lower-cost countries

Product group consolidation

Additional real estate savings

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Acquisition Strategy

Business Intelligence Platform

•We are currently platform agnostic

Performance Management Applications

•Fill in the Financial Value Chain (e.g., Activity-Based Costing)

Consolidation of another ERP Company

Current Management and Board are disciplined and prudent buyers

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Geac Board Nominees:
Proven Leadership

Our Board is independent, strong, highly experienced, and along with our management team, dedicated to supporting Geac’s success through responsible and well-considered strategic actions that create and return value to all shareholders.

C. Kent Jespersen

Chairman of the Board, Geac

Chairman, La Jolla Resources International Ltd.

Thomas I.A. Allen, Q.C.

Senior Partner, Ogilvy Renault

David Friend

General Partner, Orchid Partners

Pierre MacDonald

Chairman and Chief Executive Officer, MacD Consult Inc.

Michael D. Marvin

Founder and Chairman Emeritus, MapInfo Corporation

William G. Nelson

Private Investor

Geac’s 10th largest shareholder

Robert L. Sillcox

Cofounder and former Chairman, Quant Investment Strategies Inc. 

Charles S. Jones

President and Chief Executive Officer, Geac

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No Insiders on Governance Committees
Ensures Strong Governance

Audit Committee	Compensation Committee	Governance and Nominating Committee
Thomas I.A. Allen	C. Kent Jespersen	Thomas I.A. Allen
C. Kent Jespersen	Pierre MacDonald	David Friend
Pierre MacDonald	Michael D. Marvin	William G. Nelson
William G. Nelson		Robert L. Sillcox
Robert L. Sillcox

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Strong Governance

Geac Board meets all governance legislative requirements and policy guidelines:

•Board accountable through annual election of directors

•Composed of unaffiliated directors, except for CEO

•CEO has no interlocking board relationships

•Roles of Chairman and CEO separated

•Internal audit function and Director of Internal Audit oversees Sarbanes-Oxley compliance efforts

•Interests aligned with stockholders through director stock ownership requirements

•Director self-evaluation program to maximize benefit Board draws from each member

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Director Allen: Governance Credentials

•Public director of the Investment Dealers Association of Canada (“IDA”) for several years, also member of its Executive Committee

•Chairman of the “Allen Committee”, appointed by the TSX to review quality of disclosure to secondary trading markets; Committee recommendations substantially enacted into law, which take effect 2006

•Member of the Zimmerman Committee, appointed by the IDA to make recommendations re: Canada’s take-over bid rules; Committee recommendations substantially enacted into law

•Member of the former Advisory Board of the Office of the Superintendent of Financial Institutions of Canada

��Initial Chairman of the Accounting Standards Oversight Council of Canada, served 4 year term

•A member of the “Wise Persons Committee” appointed by the Minister of Finance to make recommendations re: structure of regulation of the securities markets in Canada

•Recently appointed by the IDA to be Chairman of 10-person Task Force to Modernize Securities Regulation in Canada

•Listed in “Guide to the World’s Leading Corporate Governance Lawyers,” published by Euromoney Institutional Investor PLC in association with the International Financial Law Review

•Listed in the International Who’s Who of Corporate Governance Lawyers

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Crescendo’s Platform

Crescendo has not offered any new ideas

•Crescendo’s platform has two elements – both of which are already in process at Geac

•“Don’t overpay for acquisitions”

•“Hire investment bank to explore options”

In fact…

•Bear, Stearns & Co. has been retained since late 2004 on acquisition and overall strategic reviews

•Geac has shown discipline in acquisitions – we will not overpay

•Most recent acquisition, Comshare, purchased for .66x revenue – multiple well below comparable transactions at the time

•In last 9 months, Geac walked away from 2 large acquisitions of leading software companies after extensive due diligence due to valuation concerns

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Proven Leadership Delivering
Superior Shareholder Value

Geac’s current leadership has proven itself, and the company is well positioned to continue to deliver superior shareholder value:

•Dramatic improvement in financial performance

•Stock price significantly outperforming all peers and indices

•Independent Board with strong governance structure

•Current leadership will continue to act in best interests of ALL shareholders

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Appendix

Five Year Momentum

	FY2001			FY2002			FY2003			FY2004			FY2005
TSX share price
(as of April 30, in CAD)	$	1.73		$	4.25		$	5.45		$	8.18		$	10.42
Gross profit margin percentage	49.5		%	54.6		%	58.6		%	60.7		%	63.9		%
License sales as a percentage of revenue	10.8		%	11.6		%	12.1		%	14.6		%	16.0		%
License sales (in USD)	$	59,782		$	53,410		$	49,380		$	65,190		$	71,040
Earnings from operations before income taxes as a percentage of revenue	(47.2		)%	11.9		%	13.0		%	15.9		%	19.8		%

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Consolidated Balance Sheets
as at April 30, 2005 and 2004
(Millions of USD)

	April 30, 2005		April 30, 2004
	(unaudited)		(unaudited)
Assets
Cash and cash equivalents	$	188.2	$	86.1
Short-term investments	0.0		$	26.5
Accounts receivable*	56.9		55.8
Goodwill	110.1		128.4
Other assets	111.0		110.1
Total assets	$	466.2	$	406.9
Liabilities
Accounts payable & accrued liabilities	73.4		79.7
Deferred revenue	114.7		120.2
Long-term debt	5.1		4.9
Other liabilities	52.7		66.0
Total liabilities	$	245.9	$	270.8
Shareholders’ equity	$	220.3	$	136.1
Total liabilities & equity	$	466.2	$	406.9

* Accounts Receivable includes accounts receivables and other receivables as well as unbilled receivables

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Consolidated Statements of Cash Flows
for the years ended April 30, 2005 and 2004
(Millions of USD)

	2005			2004
	(unaudited)			(unaudited)
Cash flows from operating activities
Net earnings for the period	$	77.0		$	57.2
Other operating activities	3.0			9.4
Net cash provided by operating activities	80.0			66.6
Net cash (used in) provided by investing activities	17.2			(48.2		)
Net cash used in financing activities	(1.5		)	(2.8		)
Effect of f/x on cash and cash equivalents	6.5			0.7
Net increase in cash and cash equivalents	102.2			16.3
Cash and cash equivalents - beginning of period	86.0			69.8
Cash and cash equivalents - end of period	$	188.2		$	86.1

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Consolidated Statements of Earnings
for the years ended April 30, 2005 and 2004
(Millions of USD) *except EPS

	Twelve Months Ended Apr 30
	2005			2004
	(unaudited)			(unaudited)
Revenue	$	444.4		$	445.3
Cost of Revenue	(160.4		)	(175.1		)
Gross Profit	284.0			270.2
Operating Expenses	(199.9		)	(197.9		)
Other Income (Expense), net	4.0			(1.4		)
Income Taxes	(11.1		)	(13.7		)
Net Earnings	$	77.0		$	57.2
EPS* (Diluted $US)	$	0.87		$	0.66

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Adjusted EBITDA

	Year ended
	April 30,
	FY2005		FY2004
Canadian GAAP based “Total revenue”	444,392		445,272
Canadian GAAP based “Net earnings”	77,024		57,166
Net earnings as % Total revenue	17.3	%	12.8	%
Diluted E.P.S.	0.87		0.66
Add back:
Income taxes	11,125		13,674
Interest income	(3,318	)	(1,265	)
Interest expense	1,583		1,289
Other (income) expense, net	(2,252	)	1,374
Amortization of intangible assets	9,161		7,589
Amortization of deferred financing costs	943		607
Depreciation of property, plant and equipment	5,930		7,243
EBITDA	100,196		87,677
EBITDA as % Total revenue	22.5	%	19.7	%
EBITDA E.P.S.	1.14		1.02
Add back:
Stock based compensation	6,527		2,385
ADJUSTED EBITDA	106,723		90,062
ADJUSTED EBITDA as % of Total revenue	24.0	%	20.2	%
ADJUSTED EBITDA per share	1.21		1.04

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