3i Infotech Limited · NSE:3IINFOLTD
3i Infotech — FY2010 Earnings Presentation
27 slides from 3i Infotech's earnings presentation, Apr 29, 2010
Slide 1: Performance Highlights for Year Ended FY 2010 & Q4 FY10
Performance Highlights for Year Ended FY 2010 & Q4 FY10 April 29, 29 2010
Slide 2: Disclaimer
Di l i Disclaimer Certain statements in these slides/ presentation/ communication are forward-looking statements. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in t
Slide 3: Contents
C t t Contents Our Achievements Financial Performance & Trends Outlook 3 - Confidential
Slide 4: Our Achievements
Our Achievements 4 - Confidential
Slide 5: Over the last 10 years
Over the last 10 years years…. The 189th largest g company p y in India ((Business Standard 1000 – Feb’10) Among the top 3 largest software product companies in India ((Dataquest q – Aug’09) g ) Ranked 32nd in the list of Top BFSI service providers in North America (FinTech 100 – Oct’09) Fastest gro
Slide 6: Financial Performance & Trends
Financial Performance & Trends 6 - Confidential
Slide 7: Revenue Trend
Revenue Trend 3,000 2,468.75 2,500 2,304.70 2,000 INR Crores 1,500 1,223.56 1 000 1,000 670.77 292.03 424.05 500 ‐ FY05 FY06 FY07 FY08 FY09 FY10 Revenue CAGR is 53.3% of which 26.8% is organic and 26.5% inorganic 7 - Confidential
Slide 8: Revenue Trend: Geowise Revenue
Revenue Trend Geowise Revenue 6.4% 7.0% 5.9% 7.2% 6.3% 15.0% 4.5% 3.7% 9.9% 25.7% 28.1% 7.9% 27.5% 28.8% 50.2% 55.5% 19.9% 24.9% 20.3% 14.0% 10.3% 8.8% 48.0% 40.0% 36.4% 34.3% 27.8% 25.7% FY05 FY06 FY07 FY08 FY09 FY10 South Asia MEARC North America Asia Pacific Western Europe 8 - Confidential
Slide 9: Revenue Trend: Segment wise Revenue
Revenue Trend Segment wise Revenue 33.2% 31.2% 39.4% 55.9% 54.0% 50.5% 11.9% 31.5% 37.0% 11.0% 14.6% 13.2% 13.2% 9 0% 9.0% 7.6% 10.7% 8.0% 16.5% 14.7% 14.0% 3.0% 2.8% 12.9% 9.1% 8.4% 14.5% 18.1% 15.4% 13.6% 12.5% 12.6% FY05 FY06 FY07 FY08 FY09 FY10 Banking Product Insurance Product ERP Product Capit
Slide 10: Margin Trend
Margin Trend Margins 60% 44.6% 47.5% 47.3% 50% 43.4% 40.7% 41.0% 40% 25.9% 30% 21.7% 22.3% 20.4% 19.7% 17.4% 20% 17.4% 10% 11.0% 15.0% 13.6% 11.6% 10.8% 0% FY05 FY06 FY07 FY08 FY09 FY10 ‐10% GP Margin EBIDTA Margin PAT * * Profit After Taxation & Before Exceptional items and impact of discontinuing
Slide 11: P&L Summary
P&L Summary Rs. Crores FY 10 FY 09 Sales 2448.54 2285.64 Oth iincome Other 20 21 20.21 19 06 19.06 Total Revenue 2468.75 2304.70 Cost of revenue 1455.40 1365.78 Gross profit 1013 35 1013.35 938 92 938.92 Selling & General expenses 469.60 443.77 Product development exp 40.61 41.67 EBIDTA 503.14 453.4
Slide 12: Highlights of Operations for FY10: Revenue & Gross Profit
Hi hli ht off O Highlights Operations ti ffor FY10 Revenue & Gross Profit 7.1% 2468.75 3,000 2304 70 2304.70 2,500 7.9% 2,000 INR Crores 1013.35 1,500 938.92 1,000 500 ‐ Revenue Gross Profit FY09 FY10 12 - Confidential
Slide 13: Highlights of Operations for FY10: Profit
Hi hli ht off O Highlights Operations ti ffor FY10 Profit 11.0% 503.14 600 453 48 453.48 0 2% 0.2% 500 266.42 400 INR Crrores 265.95 300 200 100 ‐ EBIDTA PAT * FY09 FY10 * Profit After Taxation & Before Exceptional items and impact of discontinuing operations 13 - Confidential
Slide 14: Highlights of Operations for FY10: Margins
Hi hli ht off O Highlights Operations ti ffor FY10 M i Margins 50% 40.7% 41.0% 40% 30% 19.7% 20.4% 20% 11.6% 10.8% 10% 0% FY09 FY10 Gross Margins EBIDTA Margins Net Margin * * Profit After Taxation & Before Exceptional items and impact of discontinuing operations 14 - Confidential
Slide 15: Highlights of Operations for FY10: Pending Order Book
Hi hli ht off O Highlights Operations ti ffor FY10 Pending Order Book 1,700 1654 1570 1591 1 600 1,600 NR Crores 1,500 1445 1450 IN 1,400 1 300 1,300 FY09 Q1 FY10 H1 FY10 9M FY10 FY10 For long term service contracts estimated revenue for the next 12 months is added in the O d Book Order B k 15 - Con
Slide 16: Revenue by Segments – FY10 & FY09
Revenue by Segments – FY10 & FY09 Segment Re Revenue en e FY10 Segment Revenue FY09 ERP Product, ERP Product, 3% Insurance 3% Insurance Product, 8% Product, 9% Transaction Transaction Services, 37% Banking Services, 32% Banking Product, 13% Product, 12% Product Capital Markets Capital Markets Produc
Slide 17: Revenue by Geography – FY10 & FY09
Revenue by Geography – FY10 & FY09 Geowise Revenue FY10 Geowise Revenue FY09 Western Western Asia Pacific , Europe, 6% Asia Pacific , Europe, 7% 4% South Asia, 5% South Asia, 26% 28% MEARC, 9% MEARC, 10% North America, North N th America, A i 55% 50% South Asia MEARC North America Asia Pacific Weste
Slide 18: Highlights of Operations for Q4 FY10: Revenue & Gross Profit YoY
Hi hli ht off Operations Highlights O ti for f Q4 FY10 Revenue & Gross Profit ‐ YoY 1,000 3.6% 610.61 632.60 800 6.5% INR Crores 600 261 38 261.38 400 245.36 200 ‐ Revenue Gross Profit Q4'09 Q4'10 18 - Confidential
Slide 19: Highlights of Operations for Q4 FY10: Profit YoY
Hi hli ht off Operations Highlights O ti for f Q4 FY10 Profit ‐ YoY 4.3% 200 128.17 26.4% 122.88 150 Crores 84.28 66.65 100 INR C 50 ‐ EBIDTA PAT * Q4'09 Q4'10 * Profit After Taxation & Before Exceptional items and impact of discontinuing operations 19 - Confidential
Slide 20: Highlights of Operations for Q4 FY10: Revenue & Gross Profit QoQ
Hi hli ht off Operations Highlights O ti for f Q4 FY10 R Revenue &G Gross Profit P fit ‐ QoQ Q Q 5.1% 1,000 632.60 601.86 800 4.6% INR Crrores 600 261 38 261.38 249.92 400 200 ‐ Revenue Gross Profit Q3'10 Q3 10 Q4'10 Q4 10 20 - Confidential
Slide 21: Highlights of Operations for Q4 FY10: Profit QoQ
Hi hli ht off Operations Highlights O ti for f Q4 FY10 Profit ‐ QoQ 2.3% 200 125.28 128.17 37.1% 150 84.28 ** R Crores 61.45 100 INR 50 ‐ EBIDTA PAT * Q3'10 Q4'10 * Profit After Taxation & Before Exceptional items and impact of discontinuing operations ** PAT for the current quarter has taken the im
Slide 22: Highlights of Operations for Q4 FY10: Margins
Hi hli ht off Operations Highlights O ti for f Q4 FY10 Margins 50% 40.2% 41.3% 40% 30% 20.1% 20.3% 20% % ** 13.3% 10.9% 10% 0% Q4 FY09 Q4 FY10 Gross Margins EBIDTA Margins Net Margin * * Profit After Taxation & Before Exceptional items and impact of discontinuing operations ** Not indicative of norm
Slide 23: Revenue by Segments – Q4 FY10 & Q4 FY09
R Revenue b by S Segments t – Q4 FY10 & Q4 FY09 Segment Revenue Q4 Q4'10 10 Segment Revenue Q4 Q4'09 09 ERP Product, ERP Product, Insurance 3% 3% Insurance Transaction Product, 8% Product, 9% Services, 39% Banking Transaction Services, 36% Banking Product, 13% Product, 12% Capital Capital Markets Ma
Slide 24: Revenue by Geography – Q4 FY10 & Q4 FY09
Revenue by Geography – Q4 FY10 & Q4 FY09 Geo ise Revenue Geowise Re en e Q4'10 Geowise Revenue Q4'09 Western Western Asia Pacific , Europe, 7% Asia Pacific , Europe, 6% 3% South Asia, 3% South Asia, 25% 25% MEARC, 9% MEARC, 11% North America, North America, 56% 55% South Asia MEARC North America Asi
Slide 25: Client Data
Cli t Data Client D t 20% 17% 17% 17% 17% 16% 12% 11% 11% 11% 12% 8% 8% 9% 8% 6% 4% 0% Q4'10 FY10 Q4'09 FY09 ICICI Group (Top Customer) Top 5 Customers * Top 10 Customers * * Excluding ICICI Group 25 - Confidential
Slide 26: Outlook
Outlook Agrowth of 11%-14% in Revenues and a net margin i off 10%-10.5% 10% 10 5% 26 - Confidential
Slide 27: Thank You
id Infotech’ Innovation + Insight + Integrity Thank You