Slide 1: Genpact Q1 2014 Earnings Presentation
Exhibit 99.2 Genpact Q1 2014 Earnings Presentation May 5, 2014 Ticker (NYSE: G)
Slide 2: Forward Looking Statements and Non-GAAP Financial Measures
Forward Looking Statements These materials contain certain statements concerning our future growth prospects and forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on Genpact’s current expectat
Slide 3: Q1 2014 – Good Start, in line with Stated Full Year Expectations
Q1 2014 – Good Start, in line with Stated Full Year Expectations Revenues, adjusted income from operations, net income and earnings per share all increased year-over-year, margins steady Key events and accomplishments: Made good progress in executing new, more focused, growth strategy Added depth to
Slide 4: Q1 2014 – Key Financial Highlights
Q1 2014 – Key Financial Highlights Growth and margins in line with our stated full year expectations Q1 ‘14 versus Q1 ‘13 performance: Total Revenue: +5% Revenue from Global Clients: +7% GE Revenue: -3% Adjusted Income from Operations (1): +4% Adjusted Income from Operations margins: 16.4% Notes: 1)
Slide 5: Healthy Pipeline
Healthy Pipeline Investments driving good inflows of large, transformative deals Continuing investments in client-facing teams and domain experts driving increased involvement in more strategic and transformative engagements Transformative engagements continuing to increase both in value and proport
Slide 6: Four Key Pillars of Our Growth Strategy
Four Key Pillars of Our Growth Strategy Concentrating our investments on specific market Concentrate leadership opportunities in select key industry verticals, Investments service lines and geographies to drive faster growth Expanding our team of subject-matter experts and lead Enhance Domain soluti
Slide 7: Q1 Revenue Growth of 4.8% Driven by Global Clients
Q1 Revenue Growth of 4.8% Driven by Global Clients ($ in millions) ($ in millions) YoY YoY Growth% Growth% $528.2 4.8% $528.2 4.8% $503.8 $503.8 113.7 110.2 (3.1%) 119.9 130.2 8.6% GE(1) ITO 390.2 418.0 7.1% 383.9 398.0 3.7% Global BPM Clients(1) Q1 ‘13 Q1 ‘14 Q1 ‘13 Q1 ‘14 Q1 2014 Global Clients Bu
Slide 8: Continue to Expand Client Relationships
Continue to Expand Client Relationships 90 81 80 75 70 60 50 40 30 24 26 20 13 12 10 0 >$5 MM >$15 MM >$25 MM Relationship Size (1) Q1 13 Q1 14 Notes: 1) Relationship size = Clients representing annual revenues based on rolling four quarters 8
Slide 9: Adjusted Income From Operations Growth of 4.3%
Adjusted Income From Operations Growth of 4.3% ($ millions) Q1‘13 Q1‘14 YoY Growth Revenue $503.8 $528.2 4.8% Cost Of Revenue 311.7 324.3 4.0% Gross Profit 192.1 203.9 6.1% Gross Profit % of Revenue 38.1% 38.6% 50bps Selling, general and administrative expenses 113.2 122.5 8.2% SG&A % of Revenue 22.
Slide 10: EPS Bridge
EPS Bridge (Cents per share) Increase Decrease 1 -1 1 -3 3 24 23 21 20 Q1 ‘13 Net Q1 ‘13 Adjusted Lower effective Net Interest Q1 ‘14 Net Q1 ‘14 GAAP other Adjusted Income from tax rate Income Adjusted other GAAP EPS Adjustments (1) EPS Operations EPS Adjustments (1) EPS Q1 ‘13 Q1 ‘14 Adjusted Net I
Slide 11: Cash From Operations
Cash From Operations YoY ($ in millions) Growth% $32 $14 (55%) Q1 ‘13 Q1 ‘14 Q1 2014 cash from operations was in line with last year after normalizing for: Non-recurring inflows in Q1 2013 of approximately $11 million Non-recurring outflows in Q1 2014 of approximately $8 million Q1 ‘13 Q1 ‘14 Days S
Slide 12: Full Year 2014 Outlook
Full Year 2014 Outlook ` FY 2014 Revenues ($B) 2.22 - 2.26 Adjusted Income from Operations - Margin 15.0% - 15.5% Other Metrics Cash Flow From Operations Decline 10-13% YoY Effective Tax Rate 24% - 26% Capital Expenditure (% of revenue) 2.5% - 3.0% 12
Slide 13: Annexure 1: Reconciliation of Adjusted Income from Operations
Annexure 1: Reconciliation of Adjusted Income from Operations (USD, In Thousands) Three months ended March 31, 2013 2014 Income from operations per GAAP $ 73,949 $ 77,247 Add: Amortization of acquired intangible assets resulting from 804 507 Formation Accounting Add: Amortization of acquired intangi
Slide 14: Annexure 2: Reconciliation of Adjusted Net Income
Annexure 2: Reconciliation of Adjusted Net Income (USD, In Thousands, except per share data) Three months ended March 31, 2013 2014 Net income per GAAP $ 46,737 $ 50,613 Add: Amortization of acquired intangible assets resulting from 804 507 Formation Accounting Add: Amortization of acquired intangib
Slide 15: Thank You
GENPACT Thank You