Niit Limited · NSE:NIITLTD
Niit — FY2018 Earnings Presentation
15 slides from Niit's earnings presentation, May 16, 2018
Slide 1: Financial Results FY18
FINANCIAL RESULTS FY18 May 16, 2018
Slide 2: Environment
Environment • The global economic upswing has become broader and stronger. With financial conditions still supportive, global growth is expected to improve to 3.9 percent rate in both 2018 and 2019. Advanced economies will grow faster than potential over the next two years. However risks are also in
Slide 3: NIIT Growth Platforms
NIIT Growth Platforms 39 global MTS CORPORATE 317 School contracts vs customers 392 in Q4 FY17 Managed Revenue visibility at Training SCHOOLS Go forward Focussed IP $ 218 million vs $ 199 nGuru led private school million in Q3 FY18 Services business contributed 86% SKILLS AND Practice Plus p
Slide 4: Transitioned to Ind AS
Transitioned to Ind AS CONCEPT:- • Retrospective application of all the standards unless exempted • Concept of Substance over Legal form of the arrangement • Certain optional exemptions are available for the ease of transition to Ind-AS. Under this Fair Valuation of Land and Investments in Subsidiar
Slide 5: Q4 FY18: In Perspective
Q4 FY18: In Perspective Overall NIIT • Revenue at INR 2,228 Mn; up 6% YoY; Constant currency Revenue from Go forward Business up 10% YoY • EBITDA at INR 221 Mn (OM of 10%) up 22% YoY; EBITDA margin up 130 bps YoY • PAT at INR 197 Mn in Q4 FY18 vs INR 250 Mn in Q4 FY17 • Continued control on Capex &
Slide 6: FY18: In Perspective
FY18: In Perspective Overall NIIT • Revenue at INR 8,505 Mn; up 1% YoY; Constant currency Revenue from Go forward Business up 6% YoY • EBITDA at INR 746 Mn (OM of 9%) up 11% YoY; EBITDA margin up 80 bps YoY • PAT at INR 625 Mn in FY18 vs INR 409 Mn in FY17; up 53% YoY • Operational ROCE @ 13.9% up 4
Slide 7: Key Financials
Key Financials INR Mn Q4 FY18 Q4 FY17 YoY Q3 FY18 QoQ FY'18 FY'17 YoY System wide Revenue 3,151 4,011 -21% 3,405 -7% 13,511 14,213 -5% Net Revenue 2,228 2,094 6% 2,094 6% 8,505 8,452 1% Operating expenses 2,007 1,913 5% 1,910 5% 7,759 7,777 0% EBITDA 221 181 22% 184 20% 746 674 11% EBITDA% 10% 9% 13
Slide 8: Biz Revenue Mix
Biz Revenue Mix Q4 FY18 Q4 FY17 Schools Online Business Growth Schools 8% 1% Corporate 28% 13% Skills & Careers Skills & Careers -16% Skills & Corporate 26% Schools -33% Careers 54% Online 378% 33% Corporate 65% NIIT 6% FY18 FY17 Business Growth Online Schools Online Schools Corporate 14% 0% 7% 1% 1
Slide 9: Geo Revenue Mix
Geo Revenue Mix Q4 FY18 Q4 FY17 Rest of Geo Growth Rest of World India India -25% World 8% 27% 7% India USA / Europe 28% 39% USA / Rest of World 10% USA / Europe Europe 65% NIIT 6% 54% FY18 Geo Growth FY17 Rest of World India India -22% Rest of 9% 30% USA / Europe 14% World India 8% 38% Rest of Worl
Slide 10: Corporate Learning Group
Corporate Learning Group INR Mn Q4 FY18 Q4 FY17 YoY Q3 FY18 QoQ FY'18 FY'17 YoY Net Revenues 1,451 1,134 28% 1,294 12% 5,183 4,534 14% EBITDA 196 153 28% 198 -1% 761 644 18% EBITDA % 14% 13% 5 bps 15% -176 bps 15% 14% 47 bps Q4FY18 • Revenue at INR 1,451 Mn up 28% YoY (up 27% in Constant Currency) •
Slide 11: Skills & Careers Group
Skills & Careers Group Rs. Mn Q4 FY18 Q4 FY17 YoY Q3 FY18 QoQ FY'18 FY'17 YoY Net Revenues 584 694 -16% 691 -16% 2,669 3,045 -12% EBITDA -3 24 -28 mn 18 -21 mn 36 46 -22% EBITDA % -1% 4% -411 bps 3% -316 bps 1% 2% -16 bps Q4 FY18 • Q4 a relatively weak quarter for SNC; Revenue at INR 584 Mn; down 16
Slide 12: School Learning Group
School Learning Group INR Mn Q4 FY18 Q4 FY17 YoY Q3 FY18 QoQ FY'18 FY'17 YoY Net Revenues 176 262 -33% 92 90% 593 867 -32% EBITDA 40 32 22% -21 60 mn 15 54 -72% EBITDA % 23% 12% 1015 bps -22% 4482 bps 3% 6% -372 bps Q4 FY18 • Overall revenue impacted due to planned ramp down of government school pro
Slide 13: People
People 2,475 2,425 2,433 2,342 2,262 Q4 FY17 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Headcount up 42 QoQ and up 133 YoY * excludes project retainers 13
Slide 14: Share Holding Pattern
Share Holding Pattern 40% 43% 39% 38% 40% 38% 13% 10% 10% 11% 11% 10% 13% 13% 17% 17% 17% 19% 34% 34% 34% 34% 32% * 32% Q3 FY17 Q4 FY17 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Promoters FIIs & FPIs FIs and Mutual Funds Individuals and Corporates * Change in promoter share holding only due to reclassificatio
Slide 15: Thank you
Nir oioN\xt SIA Thank you ROUTE training, niguru ‘Solutions for Schools evaluate. analyze. simplify. engage.