Avaya — Q1 2013 Earnings Presentation
8 slides from Avaya's earnings presentation, Feb 5, 2013
Slide 1: Avaya Q1 2013 Earnings Call
The Power of We™ Avaya Q1 2013 Earnings Call February 5, 2013
Slide 2: Forward-Looking Statements
Forward - Looking Statements Certain statements contained in this presentation are forward-looking statements, including statements regarding our future financial and operating performance, as well as statements regarding our future growth plans and drivers. These statements may be identified by the
Slide 3: Fiscal Q1 2013 Financial Highlights
Fiscal Q1 2013 Financial Highlights (Amounts other than Revenue and Cash Balance are non-GAAP unless specified) Revenue of $1.24 billion declined 2.9% over the prior quarter – Revenue decrease comprised of: – Product revenue a 3.2% decline; Service revenue a 2.6% decline – U.S. Federal Government
Slide 4: Income Statement
Income Statement (Amounts non-GAAP (other than Revenue) and dollars in millions) FQ1 2013 FQ4 2012 FQ1 2012 Revenue $1,240 $1,277 $1,387 Gross Margin 55.6% 54.7% 54.4% Operating Margin 15.6% 16.1% 15.7% Adjusted EBITDA $251 $267* $279 * For reconciliation of adjusted EBITDA for the fourth quarter of
Slide 5: Revenue by Geographic Region
Revenue by Geographic Region (Amounts GAAP and dollars in millions) FQ1 2013 FQ4 2012 FQ1 2012 Revenue U.S. $670 $694 $748 EMEA $331 $327 $365 APAC $123 $126 $126 AI $116 $130 $148 Total $1,240 $1,277 $1,387 % of Total Revenue U.S. 54.0% 54.3% 53.9% EMEA 26.7% 25.6% 26.3% APAC 9.9% 9.9% 9.1% AI 9.4%
Slide 6: Balance Sheet and Operating Metrics
Balance Sheet and Operating Metrics (Dollars in millions, Balance sheet items as of the end of the period indicated) FQ1 2013 FQ4 2012 FQ1 2012 Total Cash and Cash $285 $337 $345 Equivalents Cash from Operations 6 104 (10) Capital Expenditures and $30 $37 $26 Capitalized Software Days Sales Outstand
Slide 7: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation For the three months ended December 31, 2012 2011 Net loss $ (85) $ (26) Interest expense 108 109 Interest income (1) (1) Benefit from income taxes (9) (2) Depreciation and amortization 114 143 EBITDA 127 223 Restructuring charges, net 84 21 Sponsors' fees 2 2 Acquisit
Slide 8: Non-GAAP Reconciliation
Non-GAAP Reconciliation Avaya Inc. S upplemental S chedules of Non-GAAP Reconciliations (Unaudited; in millions) For the Three Months Ended Dec. 31 Mar. 31, June 30 S ept. 30, Dec. 31 2011 2012 2012 2012 2012 Reconciliation of Non-GAAP Gross Profit and Non-GAAP Gross Margin GAAP Gross Profit $ 704 $