Niit Limited · NSE:NIITLTD
Niit — Q1 FY2019 Earnings Presentation
12 slides from Niit's earnings presentation, Jul 26, 2018
Slide 1: Financial Results Q1 FY'19
FINANCIAL RESULTS Q1 FY’19 July 26, 2018
Slide 2: Environment
Environment • Global GDP growth outlook remains strong at 3.9 percent in both 2018 and 2019, but expansion is becoming less even. Near term momentum has picked up in US, but has declined in Europe (IMF) • Trade tariffs, increased protectionism and rising geopolitical tensions leading to increased ri
Slide 3: NIIT Growth Platforms
NIIT Growth Platforms 39 global MTS CORPORATE 123 School contracts customers Go forward Focussed IP Managed Revenue visibility at Training SCHOOLS led private school $ 224 million nGuru business contributed Services 76% Practice Plus platform : SKILLS AND 3.1 lac users CAREERS Digital EBITDA
Slide 4: Q1 FY19: In Perspective
Q1 FY19: In Perspective Overall NIIT • Revenue at INR 2,143 Mn; up 2% YoY; Revenue from Go forward Business up 7% YoY • EBITDA at INR 190 Mn (OM of 9%) up 17% YoY; EBITDA margin up 110 bps YoY • PAT at INR 179 Mn up 73% YoY; Profit margin up 342 bps YoY • DSO of 69 days Vs 71 days in Q4FY18 Corporat
Slide 5: Key Financials
Key Financials INR Mn Q1 FY19 Q1 FY18 YoY Q4 FY18 QoQ System wide Revenue 3,363 3,587 -6% 3,151 7% Net Revenue 2,143 2,099 2% 2,228 -4% Operating expenses 1,953 1,936 1% 2,007 -3% EBITDA 190 163 17% 221 -14% EBITDA% 9% 8% 110 bps 10% -107 bps Depreciation 93 102 -9% 92 1% Net Other Income -59 -44 Rs
Slide 6: Revenue Mix
Revenue Mix Q1 FY19 Q1 FY18 Schools Schools 4% 11% Skills & Business Growth Careers Skills & 26% Corporate 28% Corporate Careers Corporate Skills & Careers -21% 33% 56% 70% Schools -62% NIIT 2% Q1 FY19 Q1 FY18 Rest of India Geo Growth Rest of World 22% India -37% World 9% India 8% USA / Europe 28% 3
Slide 7: Corporate Learning Group
Corporate Learning Group INR Mn Q1 FY19 Q1 FY18 YoY Q4 FY18 QoQ Net Revenues 1,506 1,175 28% 1,451 4% EBITDA 219 172 28% 196 12% EBITDA % 15% 15% -4 bps 14% 103 bps • Revenue at INR 1,506 Mn, up 28% YoY • Signed 1 new MTS Logo and 1 contract expansion with existing customer during Q1 • Total 39 MTS
Slide 8: Skills & Careers Group
Skills & Careers Group INR Mn Q1 FY19 Q1 FY18 YoY Q4 FY18 QoQ Net Revenues 548 692 -21% 602 -9% EBITDA -9 -26 17 mn -14 5 mn EBITDA % -2% -4% 207 bps -2% 69 bps • India business impacted because of uncertainty in hiring & training slowdown in IT & BFSI • Reduced losses despite lower revenue due to c
Slide 9: School Learning Group
School Learning Group INR Mn Q1 FY19 Q1 FY18 YoY Q4 FY18 QoQ Net Revenues 88 232 -62% 176 -50% EBITDA -20 18 -214% 40 -151% EBITDA % -23% 8% -3021 bps 23% -4518 bps • Overall revenue impacted due to planned ramp down of government school projects. Last government project to be completed in Q2 FY19 •
Slide 10: People
People 2,475 2,489 2,425 2,433 2,262 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Headcount up 14 QoQ and up 227 YoY * excludes project retainers 10
Slide 11: Share Holding Pattern
Share Holding Pattern 39% 38% 40% 38% 40% 10% 10% 11% 11% 11% 17% 17% 17% 19% 17% 34% 34% 32% * 32% 32% Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Promoters FIIs & FPIs FIs and Mutual Funds Individuals and Corporates * Change in promoter share holding only due to reclassification Percentages may not ad
Slide 12: Thank you
Nir oioN\xt SIA Thank you AOUTE training, niguru ‘Solutions for Schools evaluate. analyze. simplify. engage.