Aptitude Software Group Plc · LSE:APTD
Aptitude Software — Microgen — H1 2011 Earnings Presentation
18 slides from Aptitude Software's earnings presentation, Jul 21, 2011
Slide 1: Microgen plc Interim Results for the six months ended 30 June 2011
microgen plc Interim Results for the six months ended 30 June 2011 To be read in conjunction with the interim results 21 July 2011 announcement released on 21 July 2011
Slide 2: Group Structure
Group Structure Microgen plc Microgen Aptitude Financial Systems Solutions Division Division • Microgen Aptitude Software Back Office Processing Systems and Solutions • Wealth Management • Microgen Accounting Hub • Asset Management • Royalty and Rights Management • Core Banking • (Energy & Applicati
Slide 3: Group Interim Results 2011
Group Interim Results 2011 • Group revenue increased by 18% to £19.0m (H1, 2010 : £16.1m) • 38% revenue growth in Microgen Aptitude Solutions Division • Adjusted operating profit increased by 20% to £4.6m (H1, 2010 : £3.8m) • Adjusted operating margin of 24.1% (H1, 2010 : 23.7%) • All internal resea
Slide 4: Group Income Statement
Group Income Statement Six months Six months Year ended ended ended 31 30 June 30 June December 2011 2010 2010 £000 £000 £000 Revenue Microgen Aptitude Solutions Division 10,763 7,813 16,995 Financial Systems Division 8,251 8,334 16,674 Total revenue 19,014 16,147 33,669 Operating costs (excl. Group
Slide 5: Revenue
Group Revenue • Revenue growth of 18% to £19.0m (H1, 2010 : £16.1m) • 38% revenue growth in Microgen Aptitude Solutions Division • Microgen Aptitude Solutions Division now accounts for 57% of the Group’s Group s revenue 20 15 n) nue (£ million 10 Reven 5 0 H1 2009 H2 2009 H1 2010 H2 2010 H1 2011 Mic
Slide 6: Operating Profit
Group Operating Profit • Adjusted operating profit increased by 20% to £4.6m (H1, 2010 : £3.8m) • Adjusted operating margin increased to 24.1% (H1, 2010 : 23.7%) • All internal research and development costs are expensed 5 50% 4 40% n (%) n) Operating Profit (£ million 3 30% Operrating Margin 2 20%
Slide 7: Microgen Aptitude Solutions Division
Microgen Aptitude Solutions Division • Revenue growth of 38% to £10.8 million (H1, 2010 : £7.8 million) • Operating profit increased by 103% to £2.0 million (H1, 2010 : £1.0 million) representing an increased operating margin of 19.0% (H1, 2010 : 12.9%) • New name business secured together with a nu
Slide 8: MASD: Client Types and Sales Model
MASD: Client Types and Sales Model • Large, typically Global Enterprises, requiring applications that demand: • Agility: the ability to rapidly adopt new functionality for new business products/processes • Performance: the ability to handle very large enterprise volumes of data to improve the granul
Slide 9: Financial Systems Division
Financial Systems Division • Revenue consistent with prior period at £8.3m (H1, 2010 : £8.3m) • Operating margins maintained at high level of 47% (H1, 2010 : 48%) • High recurring revenue levels together with diverse client base provides resilience • On-going review of smaller product lines to asses
Slide 10: Financial Systems Division Revenue Analysis
Financial Systems Division Revenue Analysis y 1% 13% 43% 27% 16% Wealth Management & Offshore Banking Asset Management Core Banking g Energy & Application Management End-of-life Products 10
Slide 11: Summary
Summary • Microgen Aptitude Solutions Division delivering strong profitable growth with new name business secured in addition to existing g clients expanding p g their use of Microgen’s software • Financial Systems Division demonstrates resilience in a flat market with high recurring revenue base an
Slide 12: Appendix
Appendix
Slide 13: Group Balance Sheet
Group Balance Sheet As at As at As at 30 June 2011 30 June 2010 31 Dec 2010 ASSETS £’000 £’000 £’000 Non current assets Non-current Goodwill 41,774 41,774 41,774 Intangible assets 177 362 235 Property, plant and equipment 5,512 5,274 5,157 Deferred income tax asset 1,384 1,356 1,402 48,847 48,766 48
Slide 14: Group Cash Flow
Group Cash Flow Six months Six months Year ended ended ended 30 June 2011 30 June 2010 31 Dec 2010 £’000 £’000 £’000 Cash C h flows fl from f operating ti activities ti iti Cash generated from operations 4,448 3,115 11,348 Interest received 97 30 140 Interest paid (40) (44) (94) Tax paid (691) (725)
Slide 15: Microgen Aptitude for Enterprise Application Development
Microgen Aptitude for Enterprise Application Development INTEGRATION BUSINESS PROCESS (ETL) MANAGEMENT (BPM) Typical Suppliers Typical Suppliers Informatica, Oracle Informatica Oracle, Pervasive Intalio Bizagi, Intalio, Bizagi WebSphere WebSphere, SAP SAP, SAP, IBM Oracle, Pega BUSINESS RULES TRANSA
Slide 16: "Big Data": The Reality Today
“Big Data”: The Reality Today Big Data is defined as the ability to process very large volumes of transactions and data in an “acceptable period” of time. Although major vendors are developing versions of comprehensive technology stacks, to satisfy functionality requirements, most large organisation
Slide 17: Microgen Aptitude and Big Data
Microgen Aptitude and Big Data The robust integration and high performance capabilities of the Microgen Aptitude Platform enables the creation of Enterprise applications and solutions that can integrate heterogeneous technology environments e o e s a and d de deliver e app applications/solutions ca
Slide 18: microgen
microgen g www.microgen.com