Slide 1: Fiscal 2011 Unaudited First Quarter Results
Agilysys, Inc. (Nasdaq: AGYS)Fiscal 2011 Unaudited First Quarter ResultsAugust 4, 2010
Slide 2: Forward looking statements & non-GAAP financial information
Forward looking statements & non-GAAP financial information Forward-Looking LanguageThis presentation contains certain management expectations, which may constitute forward-looking information within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities and Exchange
Slide 3: Q1 review: highlights
Q1 review: highlights Revenue increased 2% from Q1 FY10 to $132.4MGross margin increased to 25.6% from 24.5% in prior year quarter on a higher proportion of services and software offset by lower rebates and hardware marginsSG&A decreased $4.7M year-over-year largely due to lower compensation expense
Slide 4: Consolidated results
Q1 review: consolidated results Revenue increased 2%; hardware decreased by 7%, software increased by 35% and services increased by 11%Gross margins increased 110 basis points due to higher mix of services and softwareSG&A, excluding depr. & amort., decreased by $1.9M primarily due to lower fringe b
Slide 5: Hospitality (HSG)
Q1 review: Hospitality ("HSG") Revenue increased 44% over prior year - Q1 FY10 was abnormally soft - and sequentially grew 8.5%Gross margin decreased due to higher hardware salesSG&A, excluding depr. & amort., decreased by $0.7MGuest360TM capitalized costs were $1.0M in Q1 FY11 compared with $1.0M i
Slide 6: Retail (RSG)
Q1 review: Retail ("RSG") Revenue decreased 3% primarily due to lower hardware and software salesGross margin expanded as a result of improved hardware and software pricing and higher proportion of servicesSG&A, excl. depr. & amort., was essentially unchangedAdjusted EBITDA increased $0.3M on higher
Slide 7: Technology (TSG)
Q1 review: Technology ("TSG") Revenue declined 4%Gross margin contracted in quarter due to lower rebate margins and competitive pricingSG&A, excl. depr. & amort., decreased by $0.8M Acquisition-related intangible amortization decreased by $3.2M due to fully amortizing certain intangible assets in Q1
Slide 8: Corporate segment
Q1 review: Corporate SG&A, excl. depr. & amort., decreased $1.1M due primarily to lower fringe benefit costsRestructuring charge in quarter related to benefit paymentAdjusted EBITDA loss, excluding charges, decreased $1.1M Corporate Segment ($Mil.) Q1 Year-over-Year Commentary
Slide 9: FY11 Q1 review: summary balance sheet performance
FY11 Q1 review: summary balance sheet performance Cash at quarter-end was $50.0M - a decrease of $15.5 million from 3/31/10Days sales outstanding increased from 69 days at 3/31/10 to 83 days - deterioration primarily related to invoicing transition to new Oracle ERP systemCapital expenditures were $
Slide 10: Quarterly revenue
Quarterly revenue HSG Revenue ($Mil.) TSG Revenue ($Mil.) Jun '08 Sep '08 Dec '08 Mar '09 Jun '09 Sep '09 Dec '09 Mar '10 Jun '10 Organic 38 29.3 34.8 20 24.4 24 37.7 25.3 24 RSG Revenue ($Mil.) AGYS Consolidated Revenue ($Mil.) Jun '08 Sep '08 Dec '08 Mar '09 Jun '09 Sep '09 Dec '09 Mar '10 Jun '10
Slide 11: FY11 outlook
FY11 outlook Demand environment has improved, while pricing remains competitiveCost structure remains in line with expectationsExpect to generate $10 to $15 million of cash in FY11Depreciation and amortization is forecast to be $12.5MCapital expenditures are expected to be approximately $10M of whic
Slide 12: Fiscal 2011 Unaudited First Quarter Results
Agilysys, Inc. (Nasdaq: AGYS)Fiscal 2011 Unaudited First Quarter ResultsAugust 4, 2010
Slide 13: Reconciliation of net (loss) to adjusted EBITDA
Reconciliation of net (loss) to adjusted EBITDA