Firstsource Solutions Limited · NSE:FSL

Firstsource Solutions — Q3 FY2014 Earnings Presentation

15 slides from Firstsource Solutions's earnings presentation, Jan 31, 2014

  1. Slide 1: Firstsource Solutions Limited Q3 FY2014 Earnings Update

    Firstsource Solutions Limited Q3 FY2014 Earnings Update January 31, 2014 Proprietary Notice: This document contains proprietary and confidential statement information of Firstsource. No part of this document may be reproduced, transmitted, stored in a retrieval system, nor translated into any human

  2. Slide 2: Disclaimer

    Disclaimer Certain statements in this presentation concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties

  3. Slide 3: Agenda

    Agenda Performance Highlights Financial Performance Business Outlook © Firstsource 2013 | Confidential | 31-Jan-14 | 3

  4. Slide 4: Performance Highlights

    Performance Highlights © Firstsource 2013 | Confidential | 31-Jan-14 | 4

  5. Slide 5: Q3 FY2014 Highlights (1/5)

    Q3 FY2014 Highlights (1/5) Q3 FY2014 Performance Analysis • Operating revenue - Q3 FY14 Revenues at INR 7,998 million compared to INR 7,132 million in Q3 FY13 and INR 7,908 million in Q2 FY14 - Y-o-Y growth of 12.1% in INR terms and (2.3%) in constant currency terms - Q-o-Q growth of 1.1% in INR ter

  6. Slide 6: YTD FY2014 Highlights (2/5)

    YTD FY2014 Highlights (2/5) YTD FY2014 Performance Analysis • Operating revenue - YTD FY14 Revenues at INR 23,097 million compared to INR 21,060 million in YTD FY13 - Y-o-Y growth of 9.7% in INR terms and flat in constant currency terms • Operating EBIT - YTD FY14 operating EBIT at INR 2,056 million

  7. Slide 7: Q3 FY2014 Highlights (3/5)

    Q3 FY2014 Highlights (3/5) Cash Position • Cash and cash equivalents of INR 1,876 million as of December 31, 2013 as compared to INR 1,500 million in previous quarter - Repayment of third principal installment of $11.25 million on December 31, 2013 Employee Strength • 29,946 employees as on December

  8. Slide 8: Q3 FY2014 Highlights (4/5)

    Q3 FY2014 Highlights (4/5) Seat Capacity And Utilization • Seat capacity of 23,545 seats worldwide - 47 delivery centers as on December 31, 2013, same as on September 30, 2013 - Seat fill factor at 78.2% as on December 31, 2013, compared to 80.8% as on September 30, 2013 Foreign Exchange Hedges • Ou

  9. Slide 9: Q3 FY2014 Highlights (5/5)

    Q3 FY2014 Highlights (5/5) By Geography By Verticals 1% 1% 1% 20% 18% 17% 23% 22% 23% 35% 36% 36% 45% 45% 44% 46% 46% 47% 31% 32% 32% Q3 FY13 Q2 FY14 Q3 FY14 Q3 FY13 Q2 FY14 Q3 FY14 North America UK India, Rest of World Healthcare Telecom and Media BFSI Others By Delivery Location Client Concentrati

  10. Slide 10: Financial Performance

    Financial Performance © Firstsource 2013 | Confidential | 31-Jan-14 | 10

  11. Slide 11: Financial Performance – Q3 FY2014

    Financial Performance – Q3 FY2014 Q3 FY Q2 FY Q3 FY Revenue From Operations (IN INR Million) 2013 2014 2014 10000.0 7,908 7,998 8000.0 7,132 Income from services 7,196 7,979 7,994 1.1% Q-o-Q Rs. Mn 6000.0 Other operating Income (64) (71) 4 4000.0 2000.0 12.1% Y-o-Y Revenue from operations 7,132 7,90

  12. Slide 12: Financial Performance – YTD FY2014

    Financial Performance – YTD FY2014 For 9 Months Revenue From Operations (IN INR Million) YTD 30,000 YTD 2013 23,097 2014 25,000 20,160 20,000 Rs. Mn Income from services 21,303 23,207 15,000 9.7% Y-o-Y 10,000 5,000 Other operating Income (243) (110) 0 YTD FY2013 YTD FY2014 Revenue from operations 21

  13. Slide 13: Business Outlook

    Business Outlook © Firstsource 2013 | Confidential | 31-Jan-14 | 13

  14. Slide 14: Business Outlook

    Business Outlook  Moving into Q4 FY14 - Q4 is a seasonally strong quarter. - Cost of growth of offshore ramp-ups incurred in Q3 translates into revenue and margin realization in Q4 and FY15 - Margins to expand in the quarter aided by collections seasonality, offshore growth and terminations of low

  15. Slide 15: Thank You

    THANK YOU Firstsource (NSE: FSL, BSE: 532809, Reuters: FISO.BO, Bloomberg: FSOL@IN) is a global provider of customised BPO (Business Process Outsourcing) services to the Banking & Financial Services, Insurance, Telecom, Media & Publishing and Healthcare sectors. Its clients include FTSE 100, Fortune

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