Niit Limited · NSE:NIITLTD
Niit — NIIT Technologies — FY2006 Earnings Presentation
15 slides from Niit's earnings presentation, Jun 26, 2006
Slide 1: NIIT Technologies Financial Results Analysis FY06
NIIT Technologies Financial Results Analysis FY06 Jun 26, 2006 FY 06 Results 1
Slide 2: Outline
Outline • Highlights – For the Quarter – For the Year – Business Highlights • Financial Statements – Income Statement – Balance Sheet • Business Analysis – Revenue Cuts – Order Book – Top clients – People Resources – Summary Jun 26, 2006 FY 06 Results 2
Slide 3: Highlights for the Quarter
Highlights for the Quarter • Consolidated Revenues at Rs 1662mn (Rs 1574Mn LQ) • Up 6% QoQ, 21% YoY • Launched Managed Services Business • BS 15000 certification for NTL Thailand • COPC certification for NSS • Capacity additions • Operating profits at Rs 332Mn (Rs 305Mn LQ) • Up 9% QoQ, 35% YoY • Ma
Slide 4: Highlights for the Year
Highlights for the Year • Consolidated Revenues at Rs 6075mn (Rs 5432Mn LY) • Up 12% YoY • 75% from focused verticals • 21% growth in areas of focus • Consistently YoY improvement every quarter • Operating profits at Rs 1156Mn (Rs 969Mn LY) • Up 19% YoY • Margins improve 118bps to 19% • Annual Capac
Slide 5: Business Highlights for the Year
Business Highlights for the Year • Travel & Transportation grows 25% – Number 3 in the industry (4th including BPO) • Good Wins in BFSI, grows 19% YoY – Existing accounts continue growth – New accounts added • Manufacturing & Retail grow 19% YoY • NSS up 22%, Operating Break even in last quarter • P
Slide 6: Income Statement
Income Statement (Rs Mn) Q1’06 Q2’06 Q3’06 Q4’06 FY06 YoY (%) Revenues 1365 1475 1574 1662 6075 12 Expenses 1108 1213 1268 1330 4920 Operating Profit 257 261 305 332 1156 19 OPM (%) 19 18 19 20 19 118bps Depreciation 93 93 93 110 389 6 Other Income (net of interest) -1 12 1 11 23 -28% Tax 22 27 30 3
Slide 7: Balance Sheet
Balance Sheet (Rs in mn) Mar 31, Mar 31, Mar 31, Mar 31, 2005 2006 2005 2006 Equity 386 386 Net Block 954 919 Reserves & Surplus 1966 2387 Capital WIP 1 30 Net worth 2352 2773 Debtors 1189 1201 Secured Loans 540 420 Cash & 1366 1573 Equivalents Deferred tax Liability 5 0 Other Current 435 608 Assets
Slide 8: Geographic Mix
Geographic Mix Europe Europe Europe Europe 43% 43% 43% 43% FY05 APAC APAC FY06 12% 12% APAC APAC America America America 10% 10% America ss India India ss India India 35% 10% 10% 39% 39% 35% 8% 8% •Americas leads YoY growth at 23% Jun 26, 2006 FY 06 Results 8
Slide 9: Vertical Mix
Vertical Mix Transportati Transportati Transportati on Transportati on on 23% on 23% 26% 26% Retail Retail Retail 7% Retail 7% BFSI 9% BFSI 9% Manufacturing 31% 31% FY05 FY06 Manufacturing 9% Manufacturing 9% Manufacturing 7% 7% BFSI BFSI 33% 33% Others Others Others 25% Others 25% 30% 30% The focus
Slide 10: Order Intake
Order Intake US $ mn 32 34 31 25 AMJ'05 JAS'05 OND'05 JFM'06 • 5 new significant customers added for the quarter, 23 in full year •$ 31Mn intake in the quarter leading to $76mn of firm business executable over next 12 months Jun 26, 2006 FY 06 Results 10
Slide 11: Top Client Mix
Top Client Mix (%) 35 33 Others 65 67 Top 20 54 50 Top 10 43 Top 5 36 FY05 FY06 Strengthening Relationships with Top clients Jun 26, 2006 FY 06 Results 11
Slide 12: People Resources
People Resources Segmental Mix On-Offshore Mix 3543 3331 3290 NTL 3244 3002 801 24% 21% 23% 24% Corp 860 751 Onsite 879 740 BPO Offshore 77% 76% 76% 2742 79% Software 2471 2539 2262 2365 Mar'05 Jun'05 Sep'05 Dec'05 Mar'06 Jun'05 Sep'05 Dec'05 Mar'06 Net addition of 253 people last quarter, 541 in th
Slide 13: Summary
Summary (Rs Mn) FY04-05 FY05-06 Revenues 5432 6075 Operating Profit 969 1156 OPM (%) 18 19 PAT after Minority 586 663 EPS (Rs) 15.15 17.15 Capital Expenditure 221 361 People 3002 3543 Jun 26, 2006 FY 06 Results 13
Slide 14: Shareholding Pattern
Shareholding Pattern 17 14 12 13 FIIs 25 34 34 30 33 Others 29 Promoters 40 40 40 40 40 DMFs& Fis 14 17 10 13 6 Mar'05 Jun'05 Sep'05 Dec '05 Mar'06 Proportion of Domestic Institutions stake increasing steadily Jun 26, 2006 FY 06 Results 14
Slide 15: Thank You
Thank You Jun 26, 2006 FY 06 Results 15