Coforge Limited · NSE:COFORGE
Coforge — NIIT Technologies — Q4 FY2018 Earnings Presentation
17 slides from Coforge's earnings presentation, May 4, 2018
Slide 1: Financial Performance – Q4FY18
Financial Performance – Q4FY18 May 04, 2018 1 © 2018 NIIT Technologies | www.niit-tech.com | Confidential © 2018 NIIT Technologies | www.niit-tech.com | Confidential
Slide 2: Agenda
Agenda Financial Highlights • Q4FY18 • FY18 Business Update Financial Statements • Income Statement • Balance Sheet Business Analysis Shareholding Pattern 2 © 2018 NIIT Technologies | www.niit-tech.com | Confidential
Slide 3: Q4FY18 Financial Analysis
Q4FY18 Financial Analysis Note: YoY Comparison excludes impact of settlement with a government entity in Q4FY17 financials Consolidated Revenues at INR 7,888 Mn • Up 4.3% QoQ, Up 9.9% YoY Operating profits at INR 1,417 Mn • Up 9.4% QoQ, up 12.4% YoY • Operating Margins at 18.0%, Up 85 bps QoQ, Up 40
Slide 4: Financial Highlights – FY18
Financial Highlights – FY18 Consolidated Revenues at INR 29,914 Mn • Up 6.8% YoY • Constant currency revenue growth of 9.7% Operating profits at INR 5,012 Mn • Up 3.5% YoY • Operating Margins at 16.8%, Down 54 bps YoY • Constant currency operating margins at 17.4% Net Profits at INR 2,802 Mn • Up 12
Slide 5: Business Highlights for Q4FY18
Business Highlights for Q4FY18 BFSI up 5.4% QoQ, Contributes 44% (LQ 43%) Ramp up in top accounts in US and digital engagements in EMEA Growth in NITL 3 New accounts added T&T Flat QoQ, Contributes 26% (LQ 27%) Selected by one of the busiest airport in the world for IT support Delay in
Slide 6: Acknowledgements during the Quarter
Acknowledgements during the Quarter • Conferred with Aegis Graham Bell Award for “Innovation in Cloud” category and “Innovative Enterprise Solutions” category for ESRI India • Won EE Employee Engagement award in UK • Esri India recognized as “Best Smart Cities Solution Provider in GIS” at the ET Now
Slide 7: Consolidated Qtrly Income Statement
Consolidated Qtrly Income Statement Q4FY17 (excl. YoY% (excl. Particulars (INR Mn) Q4FY18 Q3FY18 QoQ% Q4FY17 YoY% Settlement) Settlement) Gross Revenues 7,888 7,565 4.3% 7,447 5.9% 7,176 9.9% Direct Cost 5,000 4,811 3.9% 4,625 8.1% 4,578 9.2% Gross Profit 2,888 2,753 4.9% 2,822 2.4% 2,599 11.1% GM%
Slide 8: Annual Income Statement
Annual Income Statement Particulars (Amount in INR Mn) FY 18 FY 17 YoY% Gross Revenues 29,914 28,021 6.8% Direct Cost 19,179 17,904 7.1% Gross Profit 10,736 10,117 6.1% GM% 35.9% 36.1% -22 Bps Selling / General And Administration 5,723 5,272 8.6% SG&A to Revenue % 19.1% 18.8% 32 Bps Operating Profit
Slide 9: Balance Sheet
Balance Sheet INR Mn. As at Mar As at Dec As at Mar As at Mar As at Dec As at Mar Particulars Particulars 31 2018 31 2017 31 2017 31 2018 31 2017 31 2017 Equity 615 614 614 Fixed Assets 4,500 4,471 4,802 Reserves & Surplus 17,126 16,881 16,251 Capital Work in Progress 7 57 - Intangible Assets 4,293
Slide 10: Geography Mix
Geography Mix Q3 FY'18 Q4 FY'18 RoW Q4FY18: 20% RoW 20% • Marginal growth in US despite ramp down in Morris America • Strong growth in EMEA due to growth in NITL and Digital America 48% engagements EMEA 50% EMEA • Growth in RoW due to strong growth in GIS and ramp up in Digital 30% 32% engagements i
Slide 11: Vertical Mix
Vertical Mix Q3FY18 Q4FY18 Q4FY18: • Growth in BFSI due to continued ramp up in US top clients, NITL Mfg, Med & Mfg, Med & and Digital engagements Oth Oth 30% BFSI 43% 30% • Growth in Mfg, Med & Others due to seasonal growth in GIS BFSI business & digital engagements 44% • TTL revenues remained flat
Slide 12: Service Mix
Service Mix Q3 FY18 IP Based Q4 FY18 IP Based 7% 7% Q4FY18: IMS 19% IMS 19% • Growth in ADM due to growth in digital engagements ADM 65% • Digital revenues at 26%, reflecting sequential growth of 9% ADM 66% BPO 4% BPO 4% • Growth in NITL expansion in existing clients • Growth in IMS despite Morris r
Slide 13: Order Intake
Order Intake Order Intake ($ Mn) 150 145 140 130 130 122 120 110 110 100 90 80 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 • 7 new customers added: 2 in US, 4 in EMEA and 1 in ROW • $145 Mn order intake in the quarter leading to $ 339 Mn of firm business executable over next 12 m
Slide 14: Top Client Mix
Top Client Mix 46% 46% Others Top 20 54% 54% Top 10 42% 40% Top 5 30% 29% Q3'18 Q4'18 MM $ Clients 78 80 14 © 2018 NIIT Technologies | www.niit-tech.com | Confidential
Slide 15: People Resources
People Resources People Data 9,423 9,022 9,081 8,963 Jun'17 Sep'17 Dec'17 Mar'18 Net Additions 110 59 59 342 Attrition% 12.12% 11.36 % 10.57% 10.47% 81.20% 79.50% 79.00% 79.50% Utilization 15 © 2018 NIIT Technologies | www.niit-tech.com | Confidential
Slide 16: Shareholding Pattern
Shareholding Pattern 18% 16% 15% 14% 15% 31% 31% 31% Others 31% 31% Promoters Banks/MF/FI's 18% 16% 14% 20% FIIs 22% 36% 39% 41% 29% 33% Mar'17 Jun'17 Sep'17 Dec'17 Mar'18 16 © 2018 NIIT Technologies | www.niit-tech.com | Confidential
Slide 17: Thank You
Thank You 17 © 2018 NIIT Technologies | www.niit-tech.com | Confidential © 2018 NIIT Technologies | www.niit-tech.com | Confidential