Eclerx Services Limited · NSE:ECLERX
Eclerx Services — eClerx — Q2 FY2009 Earnings Presentation
10 slides from Eclerx Services's earnings presentation, Oct 17, 2008
Slide 1: Financial Performance Q2 FY 09
Financial Performance Q2 FY 09 October 17, 2008 eClerx – An ISO/IEC 27001:2005 Certified Company 1 Confidential eClerx – An ISO / IEC 27001:2005 Certified Company
Slide 2: Financial Summary
Financial Summary Metrics Q2 FY 09 Q-o-Q H1 FY 09 Y-o-Y Total Revenue (INR M) 519.8 13% 980.1 86% Revenue Opg Revenue (INR M) 491.0 16% 914.5 78% Opg Revenue (USD M) 11.0 9% 21.0 67% EBITDA (INR M) 181.0 8% 378.0 74% Profit OPM (INR M) 134.2 7% 278.2 51% Net Profit (INR M) 140.8 12% 301.6 78% EBITDA
Slide 3: Quarter Highlights
Quarter Highlights Recognized by Forbes in its "200 Best Under a Billion" list for Asia Pacific for 2008 – Company chosen from among 24,000+ companies listed on all Asian SEs – Only one of 22 Indian companies and only Indian outsourcing company Total number of clients at 57 vs 47 in Q2-08 – 3 new cl
Slide 4: Highly Liquid Balance Sheet
Highly Liquid Balance Sheet Utilization of IPO proceeds Particulars Planned as per Utilization up to Balance Prospectus Sep 30, 2008 Acquisitions 220.0 - 220.0 Infrastructure Investments 180.0 139.3 40.7 Setting up of Additional Facilities 100.0 - 100.0 General Corporate purposes 161.0 49.7 111.3 To
Slide 5: P&L Comparison: Y-o-Y
P&L Comparison: Y-o-Y Operating P&L H1 FY 09 % of OPR H1 FY 08 % of OPR Operating Revenue 914.5 513.6 Cost of Revenues Employee Cost 356.4 39.0% 215.3 41.9% General Administration and Management Rent 46.1 5.0% 16.2 3.2% Legal & Professional Fees 26.2 2.9% 10.7 2.1% Communication Expenses 22.1 2.4% 1
Slide 6: OPM Bridging Analysis: H1 FY09 vs H1 FY08
OPM Bridging Analysis: H1 FY09 vs H1 FY08 35.9% -6.0% -2.5% 4.5% -1.5% 30.4% H1 FY 08 AR Prov Rent G&A Exp Exc Rate H1 FY 09 Excluding AR Provision OPM at 36% 6 eClerx – An ISO/IEC 27001:2005 Certified Company August 09
Slide 7: Revenue Quality
Revenue Quality Metrics H1 FY 09 Q1 FY 09 H1 FY 08 USD 75% 81% 93% Currency Concentration EURO 19% 12% 2% (%) GBP 6% 7% 5% North America 61% 67% 71% Geographic Concentration Europe 36% 30% 26% ROW 3% 3% 3% Client Concentration Top 5 81% 85% 86% FTE 72% 71% 76% Billing Mix SEZ Revenue 24% 12% - Signi
Slide 8: eClerx – An ISO/IEC 27001:2005 Certified Company August 09
!! " # "" !$ % 8 eClerx – An ISO/IEC 27001:2005 Certified Company August 09
Slide 9: FY 09 Challenges and Opportunities
FY 09 Challenges and Opportunities Unprecedented liquidity crisis in global banking system - almost certain global recession Expect demand reduction as companies consolidate and remove capacity We do not perceive serious threat to existing contracts Global Recession Core activities for clients under
Slide 10: Thanks
Thanks 10 eClerx – An ISO/IEC 27001:2005 Certified Company August 09