Persistent Systems Limited · NSE:PERSISTENT
Persistent Systems — Q4 FY2012 Earnings Presentation
24 slides from Persistent Systems's earnings presentation, Apr 23, 2012
Slide 1: Persistent Systems Limited
Persistent Systems Limited Quarter and Year Ending March 31, 2012 April 23, 2012 23-April-2012 www.persistentsys.com 1
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 statemen
Slide 3: Highlights
HIGHLIGHTS 23-April-2012 www.persistentsys.com 3
Slide 4: Financial Highlights: Q4 FY12
Financial Highlights* : Q4 FY12 Quarter ended March 31, 2012 • Revenue : $ 54.20 Million, representing Y-o-Y increase of 15.3%, and Q-o-Q growth of 4.9% • Revenue : ` 2,706.24 Million, representing Y-o-Y growth of 27.2%, and Q-o-Q growth of 1.1% • EBIDTA : ` 773.32 Million, representing a Y-o-Y grow
Slide 5: Financial Highlights: FY12
Financial Highlights* : FY12 Year ended March 31, 2012 • Revenue crosses ` 1,000 Crore • Revenue : ` 10,003.11 Million, as against ` 7,758.41 Million for the year ended March 31, 2012, representing a growth of 28.9% • Revenue : $ 207.39 Million, as against US$ 170.23 Million for the year ended March
Slide 6: Significant Highlights
Significant Highlights Board of Directors recommended a final dividend of ` 2.50 per share for FY 2011-12. The payment of final dividend is subject to the approval of the shareholders at the ensuing Annual General Meeting. The Company had paid an interim dividend of ` 3.50 per share during FY 2011-1
Slide 7: Other Q4FY12 Highlights
Other Q4FY12 Highlights Acquired Openwave System’s Location Manager Business Expanded company footprint in Malaysia by setting up an engineering centre Announced the launch of strategic solutions around email and social media analytics with IBM InfoSphere BigInsights Completed the construction activ
Slide 8: Other Annual Highlights
Other Annual Highlights Employee strength reached to 6,628 as on March 31, 2012 compared to 6,360 on March 31, 2011 Grenoble Centre set-up through the acquisition of the French Software Business from Agilent Technologies Co-invested with Life Technologies to develop instruments for personalized medi
Slide 9: Financial Performance
FINANCIAL PERFORMANCE 23-April-2012 www.persistentsys.com 9
Slide 10: Sequential Q-o-Q Q4 FY12 Vs Q3 FY12
Sequential Q-o-Q Q4 FY12 Vs Q3 FY12 `M $M Exps / Sales % Particulars Quarter ended Quarter ended Quarter ended Q4 FY12 Q3 FY12 Change Q4 FY12 Q3 FY12 Change Q4 FY12 Q3 FY12 Income Software Sales & Services 2,689.76 2,665.90 0.9% 53.87 51.44 4.7% Travel Billing 16.48 11.40 44.5% 0.33 0.22 50.0% Total
Slide 11: Y-o-Y Comparison Q4 FY12 Vs Q4 FY11
Y-o-Y Comparison Q4 FY12 Vs Q4 FY11 `M $M Exps / Sales % Particulars Quarter ended Quarter ended Quarter ended Q4 FY12 Q4 FY11 Change Q4 FY12 Q4 FY11 Change Q4 FY12 Q4 FY11 Income Software Sales & Services 2,689.76 2,107.39 27.6% 53.87 46.56 15.7% Travel Billing 16.48 20.82 -20.9% 0.33 0.46 -28.3% T
Slide 12: Y-o-Y FY 2012 Vs. FY 2011
Y-o-Y FY 2012 Vs. FY 2011 ` Mn $ Mn Exps / Sales % Particulars Year Ended Year Ended Year Ended Mar-12 Mar-11 Change Mar-12 Mar-11 Change Mar-12 Mar-11 Income Software Sales & Services 9,930.76 7,657.69 29.7% 205.89 168.02 22.5% Travel Billing 72.35 100.72 -28.2% 1.50 2.21 -32.1% Total Revenue 10,00
Slide 13: Consolidated Balance Sheet
Consolidated Balance Sheet Mn As at March 31, 2012 As at March 31, 2011 Equity and Liabilities Equity Share Capital 400.00 400.00 Reserves & Surplus 8,005.12 7,071.07 Non-Current Liabilities 77.41 146.18 Current Liabilities 1,660.41 1,486.23 Total sources of Funds 10,142.94 9,103.48 Assets Fixed Ass
Slide 14: Key Financials Ratios: Q4 FY12
Key Financials Ratios: Q4 FY12 Ratios, % Q4 FY12 Q3 FY12 QoQ, % Q4 FY 11 YoY% Gross Margin 44.7% 42.9% 1.8% 37.4% 7.3% S&M to Revenue 6.5% 6.3% -0.2% 7.7% 1.2% G&A to Revenue 9.7% 10.7% 1.0% 11.7% 2.0% Total S, G&A to Revenue 16.2% 17.0% 0.8% 19.4% 3.2% EBIDTA Margin 28.5% 25.9% 2.6% 18.0% 10.5% EBI
Slide 15: Fact Sheet
FACT SHEET 23-April-2012 www.persistentsys.com 15
Slide 16: Fact Sheet: Segments
Fact Sheet Q4 FY12 Q3 FY12 Q2 FY12 Q1 FY12 Q4 FY11 FY12 FY11 Total Revenue, US $ Mn 54.20 51.66 51.53 50.00 47.02 207.39 170.24 Revenue %, q-o-q/ y-o-y growth 4.9% 0.3% 3.1% 6.3% 8.8% 21.8% 33.7% Revenue from Operations, 2,706.24 2,677.30 2,381.73 2,237.84 2,128.21 10,003.11 7,758.41 INR Mn %, q-o-q
Slide 17: Fact Sheet: Geography and Onsite-Offshore Mix
Fact Sheet (Contd…) % Q4 FY12 Q3 FY12 Q2 FY12 Q1 FY12 Q4 FY11 FY12 FY11 North America 82.4% 82.9% 82.0% 82.8% 86.3% 82.5% 85.6% Geography Europe 6.8% 7.2% 7.8% 7.4% 5.8% 7.3% 5.9% Asia-Pacific 10.8% 9.9% 10.2% 9.8% 7.9% 10.2% 8.5% Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Onsite: Offsho
Slide 18: Fact Sheet: Business Revenue Mix
Fact Sheet (Contd…) % Q4 FY12 Q3 FY12 Q2 FY12 Q1 FY12 Q4 FY11 FY12 FY11 Revenue Mix T&E 79.8% 79.0% 80.4% 79.8% 74.2% 79.7% 78.6% FPP 8.1% 11.8% 12.0% 14.1% 15.5% 11.5% 12.6% IP driven 12.1% 9.2% 7.6% 6.1% 10.3% 8.8% 8.8% Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Business % Q4 FY12 Q3 F
Slide 19: Fact Sheet: Client Engagement
Fact Sheet (Contd…) Nos. Q4 FY12 Q3 FY12 Q2 FY12 Q1 FY12 Q4 FY11 FY12 FY11 Client Engagement Large > $ 3Mn 11 10 10 9 9 11 9 Size Medium > $ 1Mn, < $ 3Mn 26 27 32 32 26 26 22 Small Upto $ 1 Mn 251 236 211 198 194 314 271 Total 288 273 253 239 229 351 302 Days Q4 FY12 Q3 FY12 Q2 FY12 Q1 FY12 Q4 FY11
Slide 20: Fact Sheet: Concentration and People Numbers
Fact Sheet (Contd…) USD/p.p.m Q4 FY12 Q3 FY12 Q2 FY12 Q1 FY12 Q4 FY11 FY12 FY11 Yield 3,350 3,247 3,208 3,147 3,238 3,238 3,207 % Q4 FY12 Q3 FY12 Q2 FY12 Q1 FY12 Q4 FY11 FY12 FY11 Concentration Revenue Top 1 17.2% 15.9% 16.0% 15.1% 19.4% 16.1% 15.4% Top 5 36.6% 37.0% 38.6% 37.6% 41.5% 37.4% 38.4% To
Slide 21: Fact Sheet: Investment, Utilization and Attrition
Fact Sheet (Contd…) Investment in IP Led % Q4 FY12 Q3 FY12 Q2 FY12 Q1 FY12 Q4 FY11 FY12 FY11 work Technical time spent 4.6% 6.0% 5.5% 4.7% 3.6% 5.2% 4.1% Utilization - Linear2 % Q4 FY12 Q3 FY12 Q2 FY12 Q1 FY12 Q4 FY11 FY12 FY11 71.7% 74.1% 73.8% 72.7% 71.0% 73.1% 73.7% 2Excludes resources in investm
Slide 22: Thank You
THANK YOU 23-April-2012 www.persistentsys.com 22
Slide 23: Our Business Offering – 4 X 4 X 4
Our Business Offering – 4 X 4 X 4 Enterprise Banking and IP-led Business Mobility Finance Technology Enterprise Infrastructure Consulting Collaboration and Systems Sell-with Analytics Life Sciences Partnerships Product Cloud Engineering Telecom Computing (OPD) 23-April-2012 www.persistentsys.com 23
Slide 24: 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 23-April-2012 www.persistentsys.com 24