Aptech Limited · NSE:APTECHT
Aptech — Q4 FY14 Earnings Presentation
26 slides from Aptech's earnings presentation, May 20, 2014
Slide 1: Aptech Limited Investor Update – Quarter Ending 31st Mar 2014
APTECH LIMITED Investor Update – Quarter Ending 31st Mar 2014
Slide 2: Safe Harbor Statement
Safe Harbor Statement 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 unc
Slide 3: MD & CEO's Message
MD & CEO’s Message Dear Friends, We are happy to share the update on Aptech’s fourth quarter and annual performance for FY14. To summarize Aptech’s performance in FY14, here are some highlights: - Overall demand environment is gradually turning the corner in positive direction. - Our strategies and
Slide 4: Summary – Q4 FY14 & FY14
Summary – Q4 FY14 & FY14 • Operating revenue was Rs. 504.60 million (1.3% Y-o-Y ↑). After excluding MAAC, the revenue growth was 6.7% on a Y-o-Y basis – 7th consecutive quarter of Y-o-Y topline increase (after excluding MAAC revenue to neutralize the impact of accounting policy change) • Operating E
Slide 5: Financial Results Q4 FY2014
Q4 FY2014 FINANCIAL RESULTS All financial numbers in Rs. million www.aptech-worldwide.com 5
Slide 6: Revenue & Profitability – Q4 FY14
Revenue & Profitability – Q4 FY14 600.00 40% 22% 498 505 500.00 20% 14% 5% 400.00 0% 1% 300.00 -20% 200.00 -40% 115 130 -69% 89 109 111 116 100.00 -60% 24 7 0.00 -80% Operating Revenue* Operating EBITDA Operating EBIT Other Income Profit Before Tax (Before Exceptional Items) * Operating Revenue incl
Slide 7: Costs, Depreciation & Taxes – Q4 FY14
Costs, Depreciation & Taxes – Q4 FY14 1,800.00 1,682 1% 10% 1,597 -9% 1,600.00 -18% 0% 2% -10% 1,400.00 -5% -34% -20% 1,200.00 1,004 1,020 -30% 1,000.00 840 847 -40% 800.00 -50% 600.00 -60% 400.00 309 358 282 -70% 251 237 200.00 207 -82% -80% 16 3 0.00 -90% Employees Cost Training & Marketing & Admi
Slide 8: Segment Results – Q4 FY14
Segment Results – Q4 FY14 400.00 200.00 Operating Revenue 158 Operating EBITDA 350.00 142 150.00 300.00 332 347 250.00 100.00 75 72 200.00 50.00 150.00 0.00 166 150 100.00 Retail Non-Retail Unallocable 50.00 -50.00 -40 -49 0.00 -100.00 Retail Non-Retail 150.00 3,500.00 3,150 106 Operating EBIT Capit
Slide 9: Key Balance Sheet Information
Key Balance Sheet Information Liabilities Assets Receivables Equivalents Assets 0 Debt 329 Trade Cash & Cash Net Fixed 0 262 471 Reserves & 2,491 Surplus 1,202 2,921 339 320 Share Capital 399 Goodwill 656 489 656 0 1,000 2,000 3,000 4,000 0 500 1000 1500 All financial numbers in Rs. million www.apte
Slide 10: Key Highlights – Q4 FY14
Key Highlights – Q4 FY14 • Income from new center sign-ups has gone up by 22.3% as compared to previous year – Number of new centers signed were 28 (33 in Q4 FY13) – 11 out of the 28 were International centers (5 out of 33 in Q4 FY13) • Foreign exchange loss of Rs. 4.1 million in Q4 FY14 as compared
Slide 11: Key Highlights – Q4 FY14
Key Highlights – Q4 FY14 • Lower interest income of Rs. 11.0 million as compared to Rs. 23.8 million in Q4 FY13 on account of cash utilization towards share buyback program • Effective tax rate has been higher on account of – Greater share of profits in the subsidiaries (which have higher tax incide
Slide 12: Operating Information FY2014
FY2014 OPERATING INFORMATION All financial numbers in Rs. million www.aptech-worldwide.com 12
Slide 13: Sub-segment Revenue Split – FY14
Sub-segment Revenue Split – FY14 Retail Non-Retail 166 Others 84 Others 121 99 Animation & Multimedia 795 853 Assessment & Testing 365 IT Training 407 298 349 0.00 200.00 400.00 600.00 800.00 1,000.00 0.00 100.00 200.00 300.00 400.00 All financial numbers in Rs. million www.aptech-worldwide.com 13
Slide 14: Network (# of Centers) By Brand
Network (# of Centers) By Brand Domestic Retail International Retail We have critically examined English 55 MAAC the list of centers at the end 4 56 of March and eliminated 3 some of the centers which Aviation 48 Aviation have been inactive for a long 2 46 period in spite of having a 2 valid agreeme
Slide 15: Regional Distribution International Revenue and Network
Regional Distribution International Revenue Network Americas CIS & Americas 0.3 1 0.8 2 Eastern Europe Europe 32 CIS & 8 10 35 Middle Middle 21 24 East East 18 27 Africa 141 Africa 43 46 35 APAC 355 115 331 APAC 101 0.00 100.00 200.00 300.00 400.00 0 50 100 150 All financial numbers in Rs. million w
Slide 16: Employee Data
Employee Data Employee Count as on 31st March 2013 Employee Count as on 31st March 2014 = 434 = 416 66 100 62 97 73 64 31 26 50 50 114 117 In addition to the above employees, there are 87 non-regular staff as on 31st March 2014 vis-à-vis 156 as on 31st March 2013 All financial numbers in Rs. million
Slide 17: Key Highlights – FY14
Key Highlights – FY14 • For the full year, excluding MAAC, Domestic Retail business grew by 0.8%, with the smaller brands such as Aptech Aviation and Aptech English showing handsome growth • Overall International Retail business growth of 29.4% with retail business in countries such as Nigeria and P
Slide 18: Key Business Highlights
KEY BUSINESS HIGHLIGHTS All financial numbers in Rs. million www.aptech-worldwide.com 18
Slide 19: Business Update
Business Update All financial numbers in Rs. million www.aptech-worldwide.com 19
Slide 20: Business Update
Business Update • Arena Animation successfully conducted Orbit Live 2014 with Mr. Chris Ford, Pixar, USA and Ms. Susan Erokan, DreamWorks, USA as the guest speakers • One own center each for IT Training and Aptech Aviation franchised • Entry into Myanmar with new center sign-up for Aptech Computer E
Slide 21: Business Update
Business Update • New Arena Master Franchise signed for Saudi Arabia • ADSE in Nigeria has been endorsed by Jobberman.com, the best placement company in Nigeria, as a preferred course • Middlesex Distance Learning courses launched in select countries • Conducted CMAT (102,688 registrations) and GPAT
Slide 22: Domestic Campaigns
Domestic Campaigns All financial numbers in Rs. million www.aptech-worldwide.com 22
Slide 23: International Campaigns
International Campaigns All financial numbers in Rs. million www.aptech-worldwide.com 23
Slide 24: Orbit Live 2014
Orbit Live 2014 All financial numbers in Rs. million www.aptech-worldwide.com 24
Slide 25: Thank You
THANK YOU All financial numbers in Rs. million www.aptech-worldwide.com 25
Slide 26: About Aptech
About Aptech Aptech commenced its education and training business in 1986 and has globally trained over 6.8million students. Aptech is an ISO 9001:2008 organization and the first IT Training and Education company to get this certification for Education Support Services in 1993. Aptech has presence i