Hexaware Technologies Limited · NSE:HEXT

Hexaware Technologies — FY2005 Earnings Presentation

12 slides from Hexaware Technologies's earnings presentation, February 2006

  1. Slide 1: FY 2005 Results Discussion

    FY 2005 results Discussion Feb 2006

  2. Slide 2: Disclaimer

    Disclaimer Certain statements on 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: Results 2005 - Analysis

    Results 2005 - Analysis 3

  4. Slide 4: 2005 Results Analysed

    2005 Results Analysed Surpassed 2005 Guidance Revenue $ 153.77 mn achieved against $ 153 mn Net Profits $ 20.72 mn achieved against $ 19.5 mn 4

  5. Slide 5: FY 2005 Highlights

    FY 2005 Highlights ƒ ISC transitioned to Oracle on Nov 2nd ƒ 739 employees, and all assets ƒ Buyout fees of Rs. 44.96 mn ƒ 11% of FY 05 revenues and 30% of PAT ƒ Qtr 4 ISC revenues of $1.92 mn (5%) ƒ Q4 ISC profits of $ 0.53 mn (excl. buyout fee) ƒ $ 40 mn orders booked in Q4 – highest ever ƒ For FY

  6. Slide 6: FY 2005 Highlights: Q4 revenues and PAT

    FY 2005 Highlights ƒ Qtr 4 revenues of Rs. 1740 mn, PAT of Rs.247.5 mn ƒ PAT would have been higher but for ƒ Forex loss of 2% (swing of 2.3% over Q3) ƒ One time charges of about 1.85 ƒ Customer Summit expenses of 1% ƒ Specsoft merger-related expenses of 0.8% ƒ SG& A costs higher & OPM% lower qoq be

  7. Slide 7: Loss of ISC revenues has impacted Q4 metrics

    FY 2005 Highlights ƒ Loss of ISC revenues has impacted Q4 metrics in q-o-oq terms ƒ Enterprise technology share down 5% ƒ Americas share of revenues down 4.4% ƒ Offshore share down 4.7% (but up 2% ex-ISC) ƒ Top 10 clients share down 10.65 to 49.3% ƒ Global Headcount down to 3646 ƒ Offshore billing r

  8. Slide 8: FY 2005 Highlights: Million dollar client summary

    FY 2005 Highlights ƒ Million dollar client summary ƒ Total of 30 vs. 25 in FY 04/29 in Q3 ’05 ƒ 4 clients each over $ 5 mn; 4 over $ 10 mn each ƒ Q4 Utilization up 2.2% to 70.2%, despite loss of ISC revenues ƒ Cash in books at over $ 26.1 mn ƒ DSO high at 85 days, but reduced to 77 days by Jan ‘06 ƒ

  9. Slide 9: FY 2006 Growth Impulses

    FY 2006 Growth Impulses 9

  10. Slide 10: Guidance Qtr 1 FY 2006

    Guidance Qtr 1 FY 2006 ƒ Guidance for Quarter 1, FY ’06 ƒ Revenues of $ 38.6 mn – 6% qoq excl. ISC ƒ Profits of $ 5.4 mn – 38.5% excl. ISC ƒ Qtr 1 Margin highlights : ƒ Offshore volumes and utilization levels will likely fall ƒ SG&A likely reduces by over 3% ƒ If no forex impact in Q1, the forex los

  11. Slide 11: Growth Story Stays Intact in FY 2006

    Growth Story Stays Intact in FY 2006 ƒ Intense focus on growing revenues from Top 40 clients (75% of revenue) ƒ Sales orgn. restructured to create separate hunting and farming focus ƒ Enhanced services to enable cross selling – Testing, new Fin Services solutions, BA/BI… ƒ Seeded 7 new sales territo

  12. Slide 12: Thank You

    Thank You 12

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