Genpact Limited · NYSE:G
Genpact — Q4 and FY2014 Earnings Presentation
19 slides from Genpact's earnings presentation, Feb 4, 2015
Slide 1: Q4 and FY 2014 Earnings Presentation
Exhibit 99.2 Genpact Q4 and FY 2014 Earnings Presentation February 4, 2015 Ticker (NYSE: G)
Slide 2: Forward-Looking Statements; 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: FY 2014 – Key Financial Highlights
FY 2014 – Key Financial Highlights Solid growth and strategy execution FY ‘14 versus FY ‘13 performance: Total Revenue: +7% Revenue from Global Clients (1): +10% GE Revenue (1): -2% FY 2014 Adjusted Income from Operations margin at 15.1%, reflecting planned strategic investments (2) Solid progress i
Slide 4: Q4 2014 – Key Financial Highlights
Q4 2014 – Key Financial Highlights Q4 ‘14 versus Q4 ‘13 performance: Total Revenue: +8% Revenue from Global Clients (1): +11% GE Revenue (1): -5% Q4 2014 Adjusted Income from Operations margin at 13.6%, reflecting planned investments (2) Global Client growth was broad-based and led by five of our ta
Slide 5: FY 2014 – Solid Growth and Progress on Strategy Execution
FY 2014 – Solid Growth and Progress on Strategy Execution Key events and accomplishments: Continued progress on converting large deal pipeline; signed six large transformational engagements, including two in the fourth quarter Continued to add depth to our client-facing teams; invested 6.6% of our r
Slide 6: Bookings Up 50% Year-Over-Year
Bookings Up 50% Year-Over-Year ($ millions) 2014 YoY Bookings* 2,156 +50% Annual bookings up significantly over 2013 of $1,440m due to: Realignment of our strategic focus to key target verticals, service lines and geographies led to an increase in salesforce productivity 2013 bookings were broadly f
Slide 7: Q4 2014 Revenue Summary
Q4 2014 Revenue Summary ($ in millions) ($ in millions) YoY YoY Growth% Growth% $601.5 7.7% $601.5 7.7% $558.5 $558.5 (5.0%) (2.4%) GE(1) ITO 11.4% 11.0% Global BPO Clients(1) Q4 ‘13 Q4 ‘14 Q4 ‘13 Q4 ‘14 Total growth at constant currency was 9.2%; excluding Pharmalink, total revenue growth was 5.6%,
Slide 8: Q4 Results Reflect Investments in Client-Facing Teams and Capabilities
Q4 Results Reflect Investments in Client-Facing Teams and Capabilities ($ millions) Q4‘13 Q4‘14 YoY Revenue 558.5 601.5 7.7% Cost of Revenue 345.8 359.2 3.9% Gross Profit 212.6 242.3 14.0% Gross Profit % of Revenue 38.1% 40.3% 220 bps SG&A 136.2 167.3 22.8% SG&A % of Revenue 24.4% 27.8% 340bps Adjus
Slide 9: FY 2014 Revenue Summary
FY 2014 Revenue Summary ($ in millions) ($ in millions) YoY YoY Growth% Growth% 6.9% 6.9% 2,279 2,279 2,132 2,132 (2.4%) 3.6% GE(1) ITO 9.6% 8.0% Global BPO Clients(1) FY ‘13 FY ‘14 FY ‘13 FY ‘14 Total growth at constant currency was 7.9%; excluding Pharmalink, total revenue growth was 5.7%, or 6.7%
Slide 10: Continue to Expand Client Relationships
Continue to Expand Client Relationships Notes: 1. Relationship size = Clients representing annual revenues based on last four rolling quarters DESIGN • TRANSFORM • RUN © 2015 Copyright Genpact. All Rights Reserved. 10
Slide 11: FY Results Reflect Investments in Client-Facing Teams and Capabilities
FY Results Reflect Investments in Client-Facing Teams and Capabilities ($ millions) FY‘13 FY’14 YoY Revenue 2,132.0 2,279.4 6.9% Cost of Revenue 1,319.6 1,378.1 4.4% Gross Profit 812.4 901.4 10.9% Gross Profit % of Revenue 38.1% 39.5% 140 bps SG&A 484.8 585.6 20.8% SG&A % of Revenue 22.7% 25.7% 300b
Slide 12: EPS Year-Over-Year Bridge
EPS Year-Over-Year Bridge (Cents per share) Increase Decrease 16 -11 -3 4 -18 113 103 85 97 FY ‘13 Net FY ‘13 FX Re- Lower Adjusted Share buyback FY ‘14 Net FY ‘14 GAAP Adjustments(1) Adjusted measurement Income from net of dilution/ Adjusted Adjustments(1) GAAP EPS EPS Loss Operations Others EPS EP
Slide 13: Cash From Operations
Cash From Operations YoY YoY ($ in millions) ($ in millions) Change% Change% 19% (13%) Q4 ‘13 Q4 ‘14 FY ‘13 FY ‘14 FY 2014 cash from operations down $40 MM Cash from operations down 13% YoY; better than our earlier outlook mainly due to the improvement in DSOs. The year over year decline was primari
Slide 14: Full Year 2015 Outlook
Full Year 2015 Outlook DESIGN • TRANSFORM • RUN © 2015 Copyright Genpact. All Rights Reserved. 14
Slide 15: Annexure 1: Reconciliation of Adjusted Income from Operations – Full Year 2014
Annexure 1: Reconciliation of Adjusted Income from Operations – Full Year 2014 (USD, in thousands) Year ended December 31 2013 2014 Income from operations per GAAP $ 309,527 $ 294,031 Add: Stock-based compensation 31,129 28,065 Add: Amortization of acquired intangible assets 18,321 22,233 Add: Acqui
Slide 16: Annexure 2: Reconciliation of Adjusted Income From Operations – Q4 2014
Annexure 2: Reconciliation of Adjusted Income From Operations – Q4 2014 (USD, in thousands) Quarter ended December 31 2013 2014 Income from operations per GAAP $ 71,633 $ 70,866 Add: Stock-based compensation 9,198 7,912 Add: Amortization of acquired intangible assets 4,685 6,347 Add: Acquisition rel
Slide 17: Annexure 3: Reconciliation of Adjusted Net Income – Full Year 2014
Annexure 3: Reconciliation of Adjusted Net Income – Full Year 2014 (USD, in thousands, except per share data) Year ended December 31 2013 2014 Net income attributable to Genpact Limited shareholders per GAAP $ 229,717 $ 192,002 Add: Stock-based compensation 31,129 28,065 Add: Amortization of acquire
Slide 18: Annexure 4: Reconciliation of Adjusted Net Income – Q4 2014
Annexure 4: Reconciliation of Adjusted Net Income – Q4 2014 (USD, in thousands, except per share data) Quarter ended December 31 2013 2014 Net income attributable to Genpact Limited shareholders per GAAP $ 48,842 $ 45,752 Add: Stock-based compensation 9,198 7,912 Add: Amortization of acquired intang
Slide 19: Thank You
GENERATING IMPACT Thank You