Firstsource Solutions Limited · NSE:FSL
Firstsource Solutions — Q2 FY2018 Earnings Presentation
13 slides from Firstsource Solutions's earnings presentation, Nov 1, 2017
Slide 1: Firstsource Solutions Limited Q2 FY2018 Earnings Update
Firstsource Solutions Limited Q2 FY2018 Earnings Update November 01, 2017 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
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
Slide 3: Agenda
Agenda Performance Highlights Financial Performance Business Outlook © Firstsource 2017 | Confidential | 1-Nov-17 | 3
Slide 4: Q2 FY2018 Highlights
Q2 FY2018 Highlights Q2 FY2018 Performance Analysis • Operating revenue - Q2 FY18 Revenues at INR 873.0 crore compared to INR 877.7 crore in Q1 FY18 and INR 884.4 crore in Q2 FY17 □ Q-o-Q de-growth of 0.5% in INR terms and de-growth of 0.9% in constant currency terms □ Y-o-Y de-growth of 1.3% in INR
Slide 5: Q2FY18 Financial performance without Domestic Business
Q2FY18 Financial performance without Domestic Business (INR Mn) Q2 FY18 Q1 FY18 QoQ Q2 FY17 YoY Revenue 8,508 8,252 3.1% 8,340 2.0% EBITDA 1,122 954 17.7% 1,096 2.4% EBITDA% 13.2% 11.6% 1.6% 13.1% 0.1% EBIT 972 814 19.4% 947 2.6% EBIT % 11.4% 9.9% 1.6% 11.4% -0.1% PAT 725 615 18.0% 694 4.4% PAT % 8.
Slide 6: H1 FY2018 Highlights
H1 FY2018 Highlights H1 FY2018 Performance Analysis • Operating revenue - H1 FY18 Revenues at INR 1,750.7 crore compared to INR 1,777.9 crore in H1 FY17 □ Y-o-Y de-growth of 1.5% in INR terms and growth 4.7% in constant currency terms • Operating EBITDA - H1 FY18 operating EBITDA at INR 210.3 crore
Slide 7: Other Highlights
Other Highlights Employee and Attrition Foreign Exchange Net Debt Position Details Hedges Headcount: • Net Long Term Debt of $ 64.3 million Outstanding FX hedges at $36 million 19,194 employees as on September 30, as of September 30, 2017 for USD and £77 million for GBP 2017 • Repayment of tenth pri
Slide 8: Agenda
Agenda Performance Highlights Financial Performance Business Outlook © Firstsource 2017 | Confidential | 1-Nov-17 | 8
Slide 9: Q2 FY2018 Revenue Snapshot
Q2 FY2018 Revenue Snapshot Revenue By Geography Revenue By Verticals 2.6% 0.2% 0.1% 0.1% 6.8% 6.2% 35.5% 27.1% 29.2% 38.1% 41.2% 45.2% 29.8% 36.6% 34.7% 55.1% 52.6% 52.2% 34.5% 36.2% 36.0% Q2 FY17 Q1 FY18 Q2 FY18 Q2 FY17 Q1 FY18 Q2 FY18 North America UK India, Rest of World Healthcare Telecom and Me
Slide 10: Financial Performance – Q2 FY2018
Financial Performance – Q2 FY2018 Q2 FY Q1 FY Q2 FY Revenue From Operations (IN INR Million) 2017 2018 2018 9,500 8,844 8,777 8,730 Income from services 8,572 8,507 8,464 1.3% Y-o-Y Rs. Mn 8,000 Other operating Income 0.5% Q-o-Q 271 271 266 6,500 Revenue from operations 8,844 8,777 8,730 Q2 FY2017 Q
Slide 11: Agenda
Agenda Performance Highlights Financial Performance Business Outlook © Firstsource 2017 | Confidential | 1-Nov-17 | 11
Slide 12: Business Outlook
Business Outlook • Transition of Domestic business completed. Some shut down costs were incurred in Q2 - Margin accretion driven by divestment expected to be seen Q3FY18 onwards • Repealing of Obamacare has been unsuccessful; however changes in the Obamacare structure expected which will have a mixe
Slide 13: 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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