Slide 1: Firstsource Solutions Limited Q4 and FY2016 Earnings Update
Firstsource Solutions Limited Q4 and FY2016 Earnings Update May 12, 2016 Proprietary Notice: This document contains proprietary and confidential statement information of Firstsource. No part of this document may be reproduced, transmitted, stored in a retrieval system, nor translated into any human
Slide 2: Disclaimer
Disclaimer 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 statements. The risks and uncertainties
Slide 3: Agenda
Agenda Performance Highlights Financial Performance Business Outlook © Firstsource 2013 | Confidential | 12-May-16 | 3
Slide 4: Q4 FY2016 Highlights (1/3)
Q4 FY2016 Highlights (1/3) Q4 FY2016 Performance Analysis • Operating revenue - Q4 FY16 Revenues at INR 873 crore compared to INR 754 crore in Q4 FY15 and INR 817.8 crore in Q3 FY16 - Q-o-Q growth of 6.8% in INR terms and growth of 6.9% in constant currency terms - Y-o-Y growth of 15.8% in INR terms
Slide 5: Q4 FY2016 Highlights (2/3)
Q4 FY2016 Highlights (2/3) Employee Strength, Seat Capacity And Utilization • 23,886 employees as on March 31, 2016; Seat capacity of 23,096 seats worldwide - 45 delivery centers as on March 31, 2016, compared to 46 as on December 31, 2015 - 14,051 employees in India and 9,835 employees based outsid
Slide 6: Q4 FY2016 Highlights (3/3)
Q4 FY2016 Highlights (3/3) Cash and Debt Position • Cash and cash equivalents of INR 1,457 million as of March 31, 2016 as compared to INR 1,538 million in previous quarter - Repayment of fourth principal installment of $ 11.25 million on March 31, 2016 - Capex spend in Q4 FY16 of INR 178 million •
Slide 7: FY2016 Highlights
FY2016 Highlights FY2016 Performance Analysis • Operating revenue - FY16 Revenues at INR 3,230.3 crore compared to INR 3,034.7 crore in FY15 - Y-o-Y growth of 6.4% in INR terms and growth of 2.0% in constant currency terms • Operating EBIT - FY16 operating EBIT at INR 338.6 crore compared to INR 308
Slide 8: Agenda
Agenda Performance Highlights Financial Performance Business Outlook © Firstsource 2013 | Confidential | 12-May-16 | 8
Slide 9: Q4 FY2016 Financial Summary
Q4 FY2016 Financial Summary Revenue By Geography Revenue By Verticals 0.2% 0.4% 0.3% 10.3% 7.8% 7.4% 24.3% 23.2% 25.6% 35.9% 39.6% 38.1% 37.5% 38.6% 35.8% 53.8% 52.6% 54.5% 38.0% 37.8% 38.2% Q4 FY15 Q3 FY16 Q4 FY16 Q4 FY15 Q3 FY16 Q4 FY16 North America UK India, Rest of World Healthcare Telecom and
Slide 10: FY2016 Financial Summary
FY2016 Financial Summary Revenue By Geography Revenue By Verticals 8.1% 0.2% 0.3% 14.9% 21.5% 23.7% 37.4% 35.9% 42.5% 37.3% 49.2% 54.5% 35.8% 38.8% FY15 FY16 FY15 FY16 North America UK India, Rest of World Healthcare Telecom and Media BFSI Others Revenue By Delivery Location Revenue By Client Concen
Slide 11: Financial Performance – Q4 FY2016
Financial Performance – Q4 FY2016 Q4 FY Q3 FY Q4 FY Revenue From Operations (IN INR Million) 2015 2016 2016 9,000 8,730 8,178 Income from services 7,344 8,009 8,561 7,540 15.8% Y-o-Y Rs. Mn 7,500 Other operating Income 197 169 6.8% Q-o-Q 169 6,000 Revenue from operations 7,540 8,178 8,730 Q4 FY2015
Slide 12: Financial Performance – FY2016
Financial Performance – FY2016 Revenue From Operations (IN INR Million) FY2015 FY2016 36,000 32,303 32,000 30,347 Income from services 30,034 31,747 Rs. Mn 28,000 Other operating Income 313 556 24,000 6.4% Y-o-Y 20,000 Revenue from operations 30,347 32,303 FY2015 FY2016 Personnel and Operating Expen
Slide 13: Agenda
Agenda Performance Highlights Financial Performance Business Outlook © Firstsource 2013 | Confidential | 12-May-16 | 13
Slide 14: Business Outlook
Business Outlook FY16 growth was lower than guidance due to Approx. 200 bps due to decline in our domestic business Further 200 bps due to challenges faced in our US telecom client business. Business segments - Healthcare, BFSI and Media to aid growth traction. Pipeline is robust Confident
Slide 15: Thank You
THANK YOU Firstsource (NSE: FSL, BSE: 532809, Reuters: FISO.BO, Bloomberg: FSOL@IN) is a global provider of customised BPO (Business Process Outsourcing) services to the Banking & Financial Services, Insurance, Telecom, Media & Publishing and Healthcare sectors. Its clients include FTSE 100, Fortune