Persistent Systems Limited · NSE:PERSISTENT
Persistent Systems — Q4 FY13 Earnings Presentation
21 slides from Persistent Systems's earnings presentation, Apr 22, 2013
Slide 1: Persistent Systems Limited
www.persistentsys.com Persistent Systems Limited Quarter ending March 31, 2013 April 22, 2013 © 2013 Persistent Systems Ltd.
Slide 2: Forward-looking and Cautionary Statements
Forward-looking and Cautionary Statements Certain statements in this Presentation concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statement
Slide 3: Key Highlights
www.persistentsys.com Key Highlights
Slide 4: Key Highlights
Key Highlights Revenue for FY13 stands at Rs. 12,945.12 Million as against Rs. 10,003.11 Million for FY12, representing a growth of 29.4% Revenue for FY13 stands at US$ 237.82 Million as against US$ 207.39 Million for FY12, representing a growth of 14.7% IP-led Revenue doubles during the year
Slide 5: Key Highlights
Key Highlights Recommends a final dividend of Rs. 3 per share. Total dividend for the year (including interim dividend paid of Rs. 6 per share) would be Rs. 9 per share (Payout Ratio of 22.3%) upon approval of the shareholders for the payment of final dividend Enhances CSR contribution from 1% t
Slide 6: Key Highlights
Key Highlights Expands presence in Goa by acquiring a new building Expands India presence by opening a Development Centre in Bengaluru Plans near-shore Delivery centre in the US Continues to support research at Indiana University, Bloomington, US Inducts Independent Director Pradeep Bharga
Slide 7: Awards and Recognitions
Awards and Recognitions Recognized by IDG‟s Computerworld Honors Program as a “2013 Computerworld Honors Laureate” in the Emerging Technology category Named a "Leader" in the IAOP 2013 Global Outsourcing 100. IAOP Recognizes Persistent Systems as One of the Best Leaders in Research & Development
Slide 8: Financial Performance
www.persistentsys.com Financial Performance
Slide 9: Sequential Q4 FY13 Vs. Q3 FY13
Sequential Q4 FY13 Vs. Q3 FY13 Particulars Change Exps / Sales % Q4FY13 Q3FY13 QoQ Q4FY13 Q3FY13 Revenue ($ M) 62.11 60.75 2.2% Avg. Exchange Rate ` /US$ 53.77 54.81 -1.9% Revenue (` M) 3,339.59 3,329.85 0.3% Cost of Revenue `M `M Employee Related Expenses 1,774.86 1,774.91 0.0% 53.1% 53.3% Purchase
Slide 10: Y-o-Y Q4 FY13 Vs. Q4 FY12
Y-o-Y Q4 FY13 Vs. Q4 FY12 Particulars Change Exps / Sales % Q4FY13 Q4FY12 YoY Q4FY13 Q4FY12 Revenue ($ M) 62.11 54.20 14.6% Avg. Exchange Rate ` /US$ 53.77 49.93 7.7% Revenue (` M) 3,339.59 2,706.24 23.4% Cost of Revenue `M `M Employee Related Expenses 1,774.86 1,430.01 24.1% 53.1% 52.8% Purchase /
Slide 11: FY13 Vs. FY12
FY13 Vs. FY12 Particulars For the Year ended Change Exps / Sales % Mar-13 Mar-12 YoY FY 13 FY 12 Revenue ($ M) 237.82 207.39 14.7% Avg. Exchange Rate ` /US$ 54.43 48.23 12.9% Revenue (` M) 12,945.12 10,003.11 29.4% Cost of Revenue `M `M Employee Related Expenses 6,745.62 5,639.99 19.6% 52.1% 56.4% P
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet Mn As at March 31, As at March 31, 2013 2012 Equity and Liabilities Equity Share Capital 400.00 400.00 Reserves & Surplus 9,782.55 8,005.12 Non-Current Liabilities 653.46 77.41 Current Liabilities 1,893.67 1,729.68 Total sources of Funds 12,729.68 10,212.21 Assets Fixed As
Slide 13: Key Financials Ratios: Q4 FY13
Key Financials Ratios: Q4 FY13 Change Change Ratios, % Q4 FY13 Q3 FY13 Q4 FY12 QoQ YoY Gross Margin 42.7% 43.5% -0.8% 44.8% -2.1% S&M to Revenue 7.8% 7.6% 0.2% 6.5% 1.3% G&A to Revenue 9.9% 11.2% -1.3% 9.7% 0.2% Total S, G&A to Revenue 17.7% 18.8% -1.1% 16.2% 1.5% EBIDTA Margin 25.0% 24.7% 0.3% 28.6
Slide 14: Fact Sheet
www.persistentsys.com Fact Sheet* *Changes made to the disclosures
Slide 15: Fact Sheet: Revenue and Revenue Mix
Fact Sheet Q4 FY 13 Q3 FY 13 Q2 FY 13 Q1 FY 13 Q4 FY 12 FY13 FY12 Total Revenue, US $ Mn 62.11 60.75 60.05 54.91 54.20 237.82 207.39 Revenue %, q-o-q/ y-o-y growth 2.2% 1.2% 9.4% 1.3% 4.9% 14.7% 21.8% Revenue from Operations, INR Mn 3,339.59 3,329.85 3,268.64 3,007.04 2,706.24 12,945.12 10,003.11 %,
Slide 16: Fact Sheet (Contd…): Geography Revenue Mix
Fact Sheet (Contd…) Revenue Mix Q4 FY 13 Q3 FY 13 Q2 FY 13 Q1 FY 13 Q4 FY 12 FY13 FY12 Geography: North America 85.1% 85.1% 84.6% 84.4% 82.4% 84.8% 82.5% Europe 5.7% 6.1% 7.4% 6.9% 6.8% 6.5% 7.3% Asia-Pacific 9.2% 8.8% 8.0% 8.7% 10.8% 8.7% 10.2% % Q4 FY 13 Q3 FY 13 Q2 FY 13 Q1 FY 13 Q4 FY 12 FY13 FY
Slide 17: Fact Sheet (Contd…): Client Concentration
Fact Sheet (Contd…) Clients billed1 Nos. Q4 FY 13 Q3 FY 13 Q2 FY 13 Q1 FY 13 FY13 Product Engineering & Platform 279 264 254 254 406 Solutions IP Led 418 394 80 76 510 1 includes one time clients with overlap across business offerings % Q4 FY 13 Q3 FY 13 Q2 FY 13 Q1 FY 13 Q4 FY 12 FY13 FY12 Concentr
Slide 18: Fact Sheet (Contd…): Yield, Rates, Person Months
Fact Sheet (Contd…) USD/p.p.m Q4 FY 13 Q3 FY 13 Q2 FY 13 Q1 FY 13 Q4 FY 12 FY13 FY12 Yield2 3,769 3,838 3,775 3,369 3,370 3,686 3,262 2 Yield is computed as a ratio of revenue to billable person months excluding employees under training. Prior period numbers are re- stated accordingly USD/p.p.m Q4 F
Slide 19: Fact Sheet (Contd…): People Numbers and Attrition
Fact Sheet (Contd…) Q4 FY 13 Q3 FY 13 Q2 FY 13 Q1 FY 13 Q4 FY 12 FY13 FY12 People Numbers Technical 6,540 6,287 5,956 6,132 6,223 6,540 6,223 Sales & Business Development 99 101 99 94 95 99 95 Rest 331 331 315 310 310 331 310 Grand Total 6,970 6,719 6,370 6,536 6,628 6,970 6,628 % Q4 FY 13 Q3 FY 13
Slide 20: Thank you
www.persistentsys.com Thank you
Slide 21: Persistent owned facilities
Persistent owned facilities Bhageerath Aryabhata–Pingala Panini Senapati Bapat Road, Pune Karve Road, Pune Senapati Bapat Road, Pune Goa Rigveda-Yajurveda-Samaveda-Atharvaveda Gargi-Maitreyi Verna, Goa Hinjawadi, Pune MIDC, Parsodi, Nagpur 21