Coforge Limited · NSE:COFORGE
Coforge — Q1 FY2021 Earnings Presentation
14 slides from Coforge's earnings presentation, Jul 28, 2020
Slide 1: Financial Performance– Q1FY21
Financial Performance– Q1FY21 July 28, 2020 © 2020 NIIT Technologies | www.niit-tech.com | Confidential 11
Slide 2: Agenda
Agenda ▪ Financial Highlights ▪ Business Update ▪ Financial Statements • Income Statement • Balance Sheet ▪ Business Analysis © 2019 NIIT Technologies | www.niit-tech.com | Confidential 2
Slide 3: Financial Highlights – Q1FY21
Financial Highlights – Q1FY21 Q1 Revenue at INR 10,570 Mn EBITDA at INR 1,686 Mn • Up 9.8% YoY, Down 4.7% QoQ • Up 3.9% YoY, Down 14.4% QoQ • Up 10.1% YoY excl GIS business • EBITDA Margins at 16.0%, Down 181 bps QoQ and 91 bps YoY • Decline 6.8% in Constant currency • EBITDA excl. RSU Cost at 17.1%
Slide 4: Business Highlights for Q1FY21
Business Highlights for Q1FY21 Travel, Transportation & Hospitality(TTH) down 31.6% QoQ, Contributes 19.4% (LQ 27.0%) ▪ Impacted due to Covid-19 with reductions in major accounts in US and EMEA ▪ Secured 1 large deal during the quarter despite of slowdown in the sector. 1 new logo added during the q
Slide 5: Consolidated Income Statement
Consolidated Income Statement INR Mn. Q1FY20 Q1FY20 YoY% Particulars (INR Mn) Q1FY21 Q4FY20 QoQ% Reported Adjusted Adjusted Gross Revenues 10,570 11,093 -4.7% 9,627 9,627 9.8% GM% 31.5% 34.3% -280 Bps 33.8% 33.8% -229 Bps EBITDA 1,806 1,988 -9.1% 1,388 1,623 11.3% EBITDA% 17.1% 17.9% -83 Bps 14.4% 1
Slide 6: Consolidated Income Statement – Continuing Business (Excl. GIS)
Consolidated Income Statement – Continuing Business (Excl. GIS) INR Mn. Q1FY20 Q1FY20 YoY% Particulars (INR Mn) Q1FY21 Q4FY20 QoQ% Reported Adjusted Adjusted Gross Revenues 10,570 11,093 -4.7% 9,597 9,597 10.1% GM% 31.5% 34.3% -280 Bps 33.9% 33.9% -236 Bps EBITDA 1,806 1,988 -9.1% 1,406 1,641 10.1%
Slide 7: Balance Sheet
Balance Sheet INR Mn. As at Jun 30 As at Mar 31 As at Jun 30 As at Jun 30 As at Mar 31 As at Jun 30 Particulars Particulars 2020 2020 2019 2020 2020 2019 Equity 605 625 618 Fixed Assets 4,666 4,805 5,088 Reserves & Surplus 19,630 23,340 20,897 Capital Work in Progress 3 3 50 Intangible Assets 6,009
Slide 8: Geography Mix
Geography Mix Q4FY20 Q1FY21 ROW ROW 14% 17% Americas Americas 46% 47% EMEA EMEA 40% 36% Q1FY21: • Decline in EMEA due to ramp down in key accounts in Travel due to Covid -19 and lower revenue in NITL and Whishworks Business • Growth in ROW due to higher revenue in APAC © 2020 2019 NIIT Technologies
Slide 9: Vertical Mix
Vertical Mix Q4FY20 Q1FY21 BFS BFS 15% 17% Others Others 27% 30% Insurance 31% Insurance 33% TTH TTH 27% 19% Q1FY21: • Decline in TTH on account of ramp down in top customers due to Covid-19 • BFS vertical grew mainly on account of growth in key accounts in EMEA and US • Others vertical growth was b
Slide 10: Service Mix
Service Mix Q4FY20 Q1FY21 IMS IMS 16% 16% SI & PI 2% SI & PI BPO 5% 3% BPO 3% IP Based I 8% IP Based 6% ADM ADM 71% 70% Q1FY21: • Digital revenue at 34% • The product and IP based revenue stands at 6% © 2020 2019 NIIT Technologies | www.niit-tech.com | Confidential 10
Slide 11: Order Intake
Order Intake Order Intake ($ Mn) 218 186 176 180 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 • 11 new customers added: 5 in US, 5 in EMEA and 1 in ROW • $186 Mn order intake in the quarter leading to $ 465 Mn of firm business executable over next 12 months • Geographical breakdown of order intake – US (85 Mn),
Slide 12: Top Client Mix
Top Client Mix 50% 48% Others Top 20 50% 52% Top 10 Top 5 37% 38% 27% 26% Q4'20 Q1'21 MM $ Clients 106 107 © 2020 2019 NIIT Technologies | www.niit-tech.com | Confidential 12
Slide 13: People Resources
People Resources People Data 11,156 10,800 10,849 10,598 Sept'19 Dec'19 Mar'20 Jun'20 Net Additions 503 49 307 -558 Attrition% 12.33% 11.93% 11.75% 11.84% Utilization 80.7% 79.3% 78.1% 77.0% © 2020 2019 NIIT Technologies | www.niit-tech.com | Confidential 13
Slide 14: End of Document
End of Document © 2019 NIIT Technologies | www.niit-tech.com | Confidential 14