Sygnity Sa · GPW:SGN

Sygnity Sa — Q1 2009 Earnings Presentation

18 slides from Sygnity Sa's earnings presentation, May 15, 2009

  1. Slide 1: Presentation of Sygnity Group's consolidated results for Q1 2009

    Presentation of Sygnity Group’s consolidated results for Q1 2009 Warsaw, 15 May 2009

  2. Slide 2: Note

    Note This presentation was prepared for information purposes only. It does not constitute an advertisement or an offering of publicly traded securities. It uses sources of information that Sygnity SA considers to be reliable and accurate, but there is no guarantee that they are exhaustive and fully

  3. Slide 3: Summary of results for Q1 2009

    Summary of results for Q1 2009 3

  4. Slide 4: Results for Q1 2009 vs Q1 2008

    Results for Q1 2009 vs Q1 2008 [PLN '000] Q1 2009 Q1 2008 Revenues 140 376 208 782 Operating profit (loss) (16 125) (24 844) (16 979) (26 295) Net profit (loss) 79 487 75 578 GM1* margin * GM1 margin - Revenues less external costs of goods and services Factors affecting the results:  Effects of the

  5. Slide 5: Revenues structure in Q1 2009 vs Q1 2008

    Revenues structure in Q1 2009 vs Q1 2008 Revenues [PLN '000] 250,000  Increase in the share of own services 29% and products in revenues – 87% in Q1 200,000 2009 against 71% in the same period of 61,468 2008 13% 150,000  Fall of the share of goods and materials in 18,014 71% revenues from 29% in Q

  6. Slide 6: Revenues in Q1 2009 vs Q1 2008 by sectors

    Revenues in Q1 2009 vs Q1 2008 by sectors Sector Q1 2009 Q1 2008 [PLN '000] Public 41 677 99 291 Banking and financial 43 265 54 706 Utilities 21 145 11 289 Telco-Industry 31 153 44 057 Others and exclusions 3 136 (562) Total 140 376 208 782 Factors affecting the results:  Lower revenues from the p

  7. Slide 7: Financing

    Financing 7

  8. Slide 8: Debt situation

    Debt situation [PLN m] 30.9.07 31.12.07 31.3.08 31.12.08 31.3.09 on pub. date Bonds -85 -61 -56 -63 -64 -71 Loans and credit -192 -109 -84 -34 -25 -23 facilities Cash 24 51 48 58 36 29 funds on escrow accounts 13 30 Net debt* -253 -119 -92 -39 -53 -65 * without cash on escrow accounts for contracts

  9. Slide 9: Sources of financing

    Outlook for bonds’ servicing in 2009 Operating surplus for 2008 and 2009, and disciplined management of working capital – up to PLN 25m Income from asset disposals Sources of – PLN 15-20m financing On-going rolling over of bonds – up to PLN 20m New financing institutions – up to PLN 10m PLN 2.4m PLN

  10. Slide 10: 2009 Outlook

    2009 Outlook 10

  11. Slide 11: H2 2009 – banking and financial sector prospects

    H2 2009 – banking and financial sector prospects  Sector challenges: • Delay in the adoption of the euro by Poland • Optimisation of processes and system modernisation using SOA • Increase of financial product profitability • New approach to electronic service distribution channels • Acquisition of

  12. Slide 12: H2 2009 – public sector prospects

    H2 2009 – public sector prospects central administration, uniformed services  Sector challenges: • Concentration on projects implemented with EU funds (Ministry of Internal Affairs, Ministry of Finance, Central Statistical Office) • Application development and maintenance projects for the Ministry

  13. Slide 13: H2 2009 – public sector prospects: local government, labour market, health

    H2 2009 – public sector prospects local government, labour market, social services and health  Sector challenges: • Concentration on national projects financed with European funds (Ministry of Labour, Ministry of Health, Ministry of the Economy) • Regional and local government projects financed wit

  14. Slide 14: H2 2009 – utilities sector prospects

    H2 2009 – utilities sector prospects  Sector challenges: • Separation of billing systems into the Trade Service Sale System (T3S) for sellers of electricity and the Distribution Service Sale System (D3S) for operators of distribution systems • Implementation of network asset management systems for

  15. Slide 15: H2 2009 – telco sector prospects

    H2 2009 – telco sector prospects  Sector challenges: • Signing an agreement with TP as part of the Vendor Consolidation programme with regard to OSS, Corporate and Reporting areas • Collaboration with telco operators with regard to compliance with regulations set by the Electronic Communications Of

  16. Slide 16: H2 2009 – industry sector prospects

    H2 2009 – industry sector prospects  Sector challenges: • Cable television operators – market consolidation, takeovers • Diversification of petrol station management system providers for PKN Orlen • Mining companies – an IT ”greenfield”, large new projects • Computerisation of PKP (state railways)

  17. Slide 17: 2009 backlog

    2009 backlog Sector Order portfolio [PLN '000] Banking and finance 133 603 Public 114 075 Telco-Industry 82 998 Utilities 65 657 Total 396 332  67% of the current backlog consists of own solutions (services, licences and maintenance)  The backlog for 2010 – 2011 currently amounts to more than PLN

  18. Slide 18: 2009 outlook

    2009 outlook  Revenues about PLN 900m – lower revenues as a result of the economic slowdown and concentration on services and application projects  Estimated 2-3% recurrent EBIT margin (not including profit from sale of assets)  Effect of assets disposal on EBIT expecetd to amount to approx. PLN

Sygnity — Q1 2009 Earnings Presentation on 6ix