Hightech Payment Systems Sa · CSEMA:HPS
Hightech Payment Systems Sa — HPS — H1 2012 Earnings Presentation
26 slides from Hightech Payment Systems Sa's earnings presentation, Sep 19, 2012
Slide 1: Presenting Semestrial Results 2012
Investors and Analysts Mee0ng PRESENTING SEMESTRIAL RESULTS 2012 Casablanca, 19th September 2012
Slide 2: Main Achievements
1 2 MAIN Achievements Semestrial Results 2012
Slide 3: Africa Region
Africa Region 1 Contract awarded by the Banque Commerciale du Sahel – 3rd HPS reference in Mali – ATM Management – Debit and Prepaid Card management. CIMR entrusts PowerCARD to manage its new « Raha0 » card service – The provision of a card to unbanked CIMR registered pensioners (in partnership with
Slide 4: Africa Region
Africa Region 1 EMV Cards for Poste Maroc – Poste Maroc chose HPS as the partner for EMV issuing implementaKon – Issuing EMV chip cards – PCI-‐DSS cerKficaKon of the PowerCARD soluKon at Poste Maroc. Implemen0ng the Fraud Monitoring module at BCP – Choice of PowerCARD Fraud Monitoring module for beT
Slide 5: Middle East & Asia Region
Middle East & Asia Region 1 EBL choses PowerCARD in Bangladesh – 1st reference in Bangladesh with one of the fastest growing insKtuKons in the country – Fully rounded credit, debit and prepaid card management soluKon – Acquiring for POS, ATM and E-‐commerce Final migra0on of Amex merchants onto Pow
Slide 6: Middle East & Asia Region
Middle East & Asia Region 1 Execu0on of the 1st lot at MD Bank in Vietnam – MDB holds as one of its investors, Fullerton Financial Holdings – a fund with 193 billion dollars in assets in 2010. – Launch of debit card issuing and ATM acquiring Realiza0on of the 1st lot at Chinatrust in the Philippines
Slide 7: Europe & the Americas Region
Europe & the Americas Region 1 Embratec PowerCARD plaXorm is cer0fied PCI-‐DSS – ImplementaKon of Visa and Mastercard standards for data protecKon and prevenKon of credit card fraud – HPS assistance during cerKficaKon. PotenKal for further development in the region PowerCARD cer0fied Visa Contactless
Slide 8: Presence in main industry events
Presence in main industry events 1
Slide 9: Financial Analysis of HPS Activity
2 2 FINANCIAL ANALYSIS of HPS Ac0vity Semestrial Results 2012
Slide 10: Scope of Consolidation
Scope of ConsolidaKon 2 The development strategy of HPS is based on organic development, strategic acquisitions and the creation of joint ventures in partnership with regional leaders. Filiales JV HPS Dubaï 100% 25 % GPS Branch Barhrain ACPQualife 100% HPS Subsidiary Casablanca, Head Office HPS Europe
Slide 11: Key Figures
Key Figures 2 Amount In Dirhams 30.06.2012 30.06.2011 OpearKng Revenues 140.746 139.555 OperaKng Expenses 132.878 128.229 Opera0ng Earnings 7.868 11.326 Financial Earnings -‐ 1.693 -‐ 8.225 Non-‐Current Earnings 503 301 Income Taxes -‐ 1.042 1.142 Net Earnings of consolidated companies 5.637 4.5
Slide 12: Key Figures
Key Figures 2 MOROCCO AFRICA MIDDLE EAST ASIA EUROPE AMERICAS Juin 2012 Juin 2011 PowerCARD PROJECTS 2 824 741 2 247 413 2 739 913 2 806 425 14 281 083 6 047 849 30 947 424 31 412 209 NEW REQUESTS 8 498 116 7 292 185 9 682 266 1 067 676 2 891 009 2 524 093 31 955 344 30 873 136 MAINTENANCE 5 136 277
Slide 13: Operating Revenues
Opera0ng Revenues 2 ì Operating Revenues of 140,6 MDH " PowerCARD projects revenues : 31 MDH – ConKnual implementaKon of projects in line with our objecKves – License recogniKon: 5 MDH impact on the amount of licenses for which recogniKon is deferred to upcoming years. – Important contract perspecK
Slide 14: Operating Revenues
Opera0ng Revenues 2 ì Operating Revenues of 140,6 MDH " PowerCARD Recurring Revenues: 66,7 MDH – New requests consisKng of new business needs from our exisKng clients. AcKvity driven by major regulatory and technological changes of the industry. An expected increase of 50% between 2011 and 2013 (ex
Slide 15: Distribution of Overall Activity
Distribu0on of Overall AcKvity 2 08% 04% 41% 14% 21% 12%
Slide 16: Distribution of Electronic Payment Activity
Distribu0on of Electronic Payment AcKvity 2 11% 05% 23% 18% 27% 16%
Slide 17: Breakdown by Type of Activity
Breakdown by type of AcKvity 2 SSII 24% New Projects 23% ‘‘Exis'ng customer reten'on and sa'sfac'on is an Other 3% important factor driving HPS business development strategy. New Requirements 27% The quick evolu'on of Maintenance 23% technology and regulatory standards requires that our clients – Re
Slide 18: Operating Expenses
Opera0ng Expenses 2 ì Operating Expenses of 132,8 MDH I&T 5% Allowances 6% Supplies Consumed 12% Payroll 57% External Expenses 20% " Payroll: 75,3 MDH – Increase of 7,4% – Downsizing at a cost of 5,7 MDH. – Decrease of payroll by 10 MDH over a full year.
Slide 19: Operating Expenses
Opera0ng Expenses 2 ì Operating Expenses of 132,8 MDH " Supplies consumed & External expenses: 42,8 MDH – decrease of 13% – Review of several management regulaKons to streamline various recurring expenses (travel expenses, telecoms, …) – 4 MDH decrease on expenses, over one full year. " Other expen
Slide 20: Operating Income
Opera0ng Income 2 Amounts in MAD 30.06.2012 30.06.2011 OperaKng Revenues 140.746 139.555 RecogniKon of Licenses 5.010 -‐ Restated Opera0ng revenues 145.756 139.555 OperaKng Expenses 132.878 128.229 CancellaKon of ExcepKonal Expenses -‐ 5.639 -‐ Restated Opera0ng Expenses 127.239 128.229 Restated
Slide 21: Net Income
Net Income 2 ì Financial earnings -‐1,7 M DH at 1st semester – Steady currency over the 1st semester (+1,7% USD and -‐0,3% in €). – PosiKve impact on exchange gains and losses. – Hedging for currency risk allocated to a specialized company. – Significant decrease of our bank overdra[s had a posiKv
Slide 22: Effort in Research and Development
Effort in Research and Development 2 At the heart of its strategy, HPS continuously reinvests over 10% of its revenues in R&D • Important efforts in Research & Development ac0vi0es – More than 6.500 man-‐days devoted to R&D during the 1er semester 2012. – 12,7 millions MAD costs mainly consisKng of d
Slide 23: Effort in Research and Development
Effort in Research and Development 2 At the heart of its strategy, HPS continuously reinvests over 10% of its revenues in R&D • Newly conducted Benchmark – Further to recently completed benchmark conducted at IBM Centers in France (300.000 merchants), new benchmark was conducted in 2012 at HP centers
Slide 24: Activity Perspectives
3 2 ACTIVITY Perspec0ves Semestrial Results 2012
Slide 25: Objectives 2012
Objec0ves 2012 3 Consolida0on of recurring revenues – Large client base. – Growing need to meet changing regulatory, technical and market requirements – Significant recurring revenue esKmated for the next 5 years Opportuni0es for HPS – Signature of important contracts in the 2nd semester. – Important
Slide 26: Thank You for Your Attention
Thank You for your Attention e @ @