Coforge Limited · NSE:COFORGE
Coforge — NIIT Technologies — Q1 FY2014 Earnings Presentation
15 slides from Coforge's earnings presentation, July 2013
Slide 1: Financial Performance – Q1FY14
Financial Performance – Q1FY14 © 2013 NIIT Technologies
Slide 2: Outline
Outline Financial Highlights Business Update Financial Statements • Income Statement • Balance Sheet Business Analysis Shareholding Pattern © 2013 NIIT Technologies
Slide 3: Financial Highlights – Q1FY14
Financial Highlights – Q1FY14 Consolidated Revenues at Rs 5419 Mn – Up 0.9% QoQ, Up 15.4% YoY – Flat QoQ constant currency growth Operating profits at Rs 782 Mn – Down 11.5% QoQ, Up 4.1% YoY – Operating Margins at 14.4%, Down 202 bps QoQ, Down 156 bps YoY Net Profits at Rs 532 Mn – Down 5.9% Q
Slide 4: Business Highlights for Q1FY14
Business Highlights for Q1FY14 • BFSI Up 0.8% QoQ, Contributes 30% (LQ 31%) Growth in top accounts in BFS offset by drop in revenues from insurance accounts • Transport Down 2.8% QoQ, Contributes 36% (LQ 37%) Weakness in Europe $15 Mn+ renewal from existing client in USA $60 Mn+ contract fro
Slide 5: Acknowledgements during the Quarter
Acknowledgements during the Quarter • NIIT Technologies Inc. featured in Computerworld’s 100 Best Places to Work in IT 2013 list • NIIT Media Technologies Limited included as a case study under the Innovation and Change Management segment by University of Cambridge • NIIT Technologies two business c
Slide 6: Consolidated Qtrly Income Statement
Consolidated Qtrly Income Statement INR Mn. Particulars Q1FY14 Q4FY13 QoQ% Q1FY13 YoY% Gross Revenues 5,419 5,372 0.9% 4,696 15.4% Direct Cost 3,669 3,526 4.1% 3,047 20.4% Gross Profit 1,750 1,846 -5.2% 1,649 6.1% GM% 32.3% 34.4% -208 Bps 35.1% -283 Bps Selling / General And Administration 968 962 0
Slide 7: Balance Sheet
Balance Sheet INR Mn. Jun 30, Mar 31, Jun 30, Jun 30, Mar 31, Jun 30, Particulars Particulars 2013 2013 2012 2013 2013 2012 Equity 604 602 599 Net Block 4,590 4,383 4,428 Reserves & Surplus 10,961 10,339 9,199 Capital Work in Progress 343 277 24 Current Assets NET Worth 11,565 10,941 9,798 Cash and
Slide 8: Geography Mix
Geography Mix Q4 FY'13 Q1 FY'14 RoW RoW 26% 25% America America 39% 38% EMEA EMEA 37% 35% Q1FY14 • Growth in USA and RoW • Decline in Europe © 2013 NIIT Technologies
Slide 9: Vertical Mix
Vertical Mix Q4 FY'13 Q1 FY'14 Others Others 15% 14% BFSI BFSI Govt. 31% Govt. 30% 11% 13% Mfg & Dist. 6% Mfg & Dist. 7% Transportation Transportation 37% 36% Q1FY14 • Growth in BFSI and Manufacturing • Decline in TTL due to weakness in Europe • Strong growth in Govt segment © 2013 NIIT Technologies
Slide 10: Service Mix
Service Mix Q1 FY'14 Q4 FY'13 IP IP Based Based 8% 9% Non-Linear BPO MS MS 2% 13% 12% SI & PI ADM BPO 13% 61% 3% SI & PI ADM 13% 60% BPO 6% Q1FY14 • Strong growth in Non-Linear revenues to 24% • Growth in SI&PI • Decline in ADM © 2013 NIIT Technologies
Slide 11: Order Intake
Order Intake Order Intake ($ Mn) 160 145 140 120 110 100 93 83 83 80 60 40 20 - Q1 FY13 Q2 FY13 Q3 FY13 Q4 FY13 Q1 FY14 Order Intake • 5 new customers added during the quarter in Travel Vertical • $145 Mn order intake in the quarter leading to $263 Mn of firm business executable over next 12 months
Slide 12: Top Client Mix
Top Client Mix 36% 36% Others 64% 65% Top 20 Top 10 Top 5 47% 46% 32% 31% Q4'13 Q1'14 Mn $ Clients 68 68 © 2013 NIIT Technologies
Slide 13: People Resources
People Resources People Data 8158 8207 7882 7617 7444 Jun'12 Sep'12 Dec'12 Mar'13 Jun'13 Jun'12 Sep'12 Dec'12 Mar'13 Jun'13 Net Additions 82 173 265 276 49 Attrition% 12.36% 12.67% 12.51% 12.21% 12.36% Utilization 78.54% 79.80% 78.44% 78.24% 77.30% © 2013 NIIT Technologies
Slide 14: Shareholding Pattern
Shareholding Pattern 25% 24% 24% 21% 20% Others Promoters 31% 31% 31% 31% 39% Banks/MF/FI's FIIs 20% 17% 18% 20% 14% 27% 27% 28% 29% 23% Jun'12 Sep'12 Dec'12 Mar'13 Jun'13 © 2013 NIIT Technologies
Slide 15: Thank You
Thank You © 2013 NIIT Technologies