R Systems International Limited · NSE:RSYSTEMS
R Systems International — Q3 2009 Earnings Presentation
13 slides from R Systems International's earnings presentation, 2009
Slide 1: R Systems International Limited – Review of Q3 2009 Results
R Systems International Limited Review of Q3 2009 Results 1 www. rsystems.com
Slide 2: Disclaimer
Disclaimer “Investors are cautioned that this presentation contains forward looking statements that involve risks and uncertainties. The Company undertakes no obligation publicly to update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Actu
Slide 3: Key Highlights – Q3 2009
Key Highlights – Q3 2009 n Revenues: Rs 78.7 Crs or $ 16.3 mn v/s $ 16.9 mn in Q2 09 n EBITDA: Rs 9.9 Crs or $ 2.0 mn - Increased QoQ 19.1% & Decreased YoY 9.9%; n Net Profits Increased to Rs 7.6 Crs or $ 1.6 mn Compared to Net Loss (after one time goodwill impairment of Rs 20.9 Crs) of Rs 16.2 Crs
Slide 4: Key Highlights – Environment
Key Highlights – Environment § Our Experience: • Our customers’ businesses are stabilizing; • Demand environment is gradually improving; – Added 10 new customers in Q3 • No visible change in sales cycle times however customers are evaluating opportunities beyond cost reduction; • New initiatives in
Slide 5: Consolidated Results (Un-audited)
Consolidated Results (Un-audited) ( Figures in mn. except per share data) Q3 2009 Q3 2008 Q2 2009 Particulars INR US$ INR US$ INR US$ Revenues 786.77 16.32 921.14 21.02 824.89 16.96 Cost of revenues 475.65 9.86 563.06 12.85 513.52 10.55 Gross Margin 311.12 6.46 358.08 8.17 311.37 6.41 39.54% 38.87%
Slide 6: Gross Margins Analysis Q3-09
Gross Margins Analysis Q3-09 Movement in Gross Margin 100% 0.14% % Q3-09 Vs Q2-09 80% 1.67% 60% Gross Margin % in Q2-09 37.75 40% 20% 1.48% Decrease in COGS Salary 1.48 0% Increase in Utilization 1.67 -20% -0.95% -40% Impact of Rupee Depreciation 0.14 -60% -0.11% -80% -0.44% Increase in COGS Travell
Slide 7: Revenues and Margins, Historical Trend
Revenues and Margins, Historical Trend 120.0 16.0 15.0 14.8 14.0 12.7 100.0 12.3 12.0 12.2 10.1 12.0 Rs in Crores 96.8 92.1 90.1 80.0 90.6 10.0 79.9 82.5 78.7 % 60.0 8.0 6.0 40.0 4.0 20.0 2.0 - - Q1-08 Q2-08 Q3-08 Q4-08 Q1-09 Q2-09 Q3-09 Revenue 79.9 90.6 92.1 96.8 90.1 82.5 78.7 EBITDA % 12.3 12.2
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet Rupees in Crores except “DSO” As at Sep As at June 30, 2009 30, 2009 Share Holders’ Funds 165.1 159.0 Receivables 57.6 54.3 Receivables in days “DSO” 61 61 Cash & Bank 81.8 73.2 Net Current Assets 118.1 108.6 Fixed Assets (net) 56.1 57.6 Secured Loans 7.2 5.2 8 www. rsyste
Slide 9: Revenue Break-Down
Revenue Break-Down By Geography Client Concentration 50% 47% 46% 100% 5% 6% 5% 42% 44% 8% 45% 5% 3% 4% 5% 90% 10% 8% 40% 10% 6% 35% 35% 33% 31% 80% 31% 30% 27% 26% 70% 28% 29% 24% 23% 25% 20% 22% 60% 20% 15% 10% 50% 9% 8% 8% 10% 40% 5% 54% 57% 0% 30% 52% 52% Q3-09 Q2-09 Q1-09 Year - 20% 08 The Large
Slide 10: Technical Head Count and Utilization
Technical Head Count and Utilization 2,500 2,290 2,249 2,161 80.0% 69.7% 70.2% 70.6% 69.7% 2,080 2,089 1,974 65.4% 64.5% 1,830 70.0% 62.4% 2,000 60.0% 1,500 50.0% 1,000 40.0% 30.0% 500 20.0% - 10.0% Q1-08 Q2-08 Q3-08 Q4-08 Q1-09 Q2-09 Q3-09 Q1-08 Q2-08 Q3-08 Q4-08 Q1-09 Q2-09 Q3-09 Reduced head coun
Slide 11: Summing Up and Looking Ahead
Summing Up and Looking Ahead § We improved performance in Q3-09 by adjusting our cost structure to the new environment; § We are committed to returning back to growth in 2010 as the demand environment begins to improve; § R Systems strong balance sheet and cash position with Net Shareholders funds o
Slide 12: Contact Information
Contact Information Noida, India Worldwide O’Neil Nalavadi Headquarters Director Finance El Dorado Hills- CA, USA Tel # 1-916 939 5170 Fax # 1- 916 939 6321 El Dorado Hills-CA, Email: [email protected] USA Nand Sardana Chief Compliance Officer & V.P. Finance Noida, India Tel # 0120 - 43035
Slide 13: Thank You For Your Support
Thank You For Your Support 13 www. rsystems.com
R Systems International — Q3 2009 Earnings Presentation on 6ix