Cyient Limited · NSE:CYIENT
Cyient — Q1 FY2017 Earnings Presentation
23 slides from Cyient's earnings presentation, Jul 14, 2016
Slide 1: First Quarter results for FY17
First Quarter results for FY17 Financial Release, Hyderabad, India, July 14, 2016 – Growth in services business stands at 5.4%, highest in 6 quarters. Group revenue up 2.6% QoQ in $ terms. – www.cyient.com/investors Operating Margin Flat QoQ ,despite wage hike – Net profit up by 12% QoQ – Strong Cas
Slide 2: Table of Contents
Table of Contents Message from the Management 3 Financial Performance Highlights 4 Business Update 5 www.cyient.com/investors Operational Highlights 7 Core Business 8 Revenue Segmentation 9 Operational Metrics 10 Client Metrics 10 Employee Metrics 11 Design- Led Manufacturing Business 12 Income Stat
Slide 3: Message from the Management
Message from the Management Commenting on the results, Mr. Krishna Bodanapu, Managing Director and Chief Executive Officer, said “Financial performance in Q1 FY 17 is in line with our expectation both on the top line and the bottom line. The services business grew 5.4% in dollar terms driven by grow
Slide 4: Financial Performance Highlights
Financial Performance Highlights In ₹ Million Growth % Q1 FY17 Q4 FY16 Q1 FY16* QoQ YoY Revenue 8,305.7 8,158.4 7,258.2 1.8% 14.5% Operating Profit 1,089.6 1,064.0 923.5 2.4% 18.0% Operating Margin 13.1% 13.0% 12.7% PAT 739.7 659.5 756.4 12.2% -2.2% www.cyient.com/investors *Q1 FY16 financials has b
Slide 5: Business Update
Business Update Aerospace & Defense Aerospace & Defense BU delivered a robust 5% Q-o-Q growth with growth across all geographies. We have seen momentum come back in Avionics business with deal wins from 3 major customers in Q1 which provides the BU a robust platform for growth for the remainder of t
Slide 6: Business Update: Utilities & Geospatial, Semiconductor
Utilities & Geospatial The Utilities & Geospatial Business Unit revenue marginally dropped quarter on quarter. Utility and Transportation & Navigation IDU's witnessed robust growth this quarter compared to a small budgeted decline in the Commercial Geospatial IDU after a very strong Q4. The quarter
Slide 7: Operational Highlights
Operational Highlights Awards and Recognitions Initiated our operations from the newly established center in Prague and have started realizing revenue from this unit. Signed 3 year labor contract on wages in Mysore for DLM. IRIS surveillance audit for Bangalore location was successfully conduc
Slide 8: Cyient Business (Excluding Design-led Manufacturing)
8 Investor Update Q1, FY17 Cyient Limited www.cyient.com/investors Cyient business) (Excluding Design- led Manufacturing
Slide 9: Revenue Segmentation
Revenue Segmentation By Geography (%) Q1 FY17 Q4 FY16 Q1 FY16 Americas 60.0% 60.2% 64.0% Europe, Midddle East, Africa and India 24.6% 25.5% 24.0% Asia Pacific 15.4% 14.3% 12.0% By Business Unit (%) www.cyient.com/investors Q1 FY17 Q4 FY16 Q1 FY16 Aerospace and Defense 38.7% 38.9% 35.8% Transportatio
Slide 10: Operational Metrics
Currency Mix (%) Q1 FY17 Q4 FY16 Q1 FY16 USD 65.0% 67.5% 67.0% Euro 10.8% 10.1% 15.0% GBP 9.4% 9.1% 8.0% AUD 10.2% 8.2% 6.0% Others 4.7% 5.1% 4.0% www.cyient.com/investors Operational Metrics Utilization (%) Q1 FY17 Q4 FY16 Q1 FY16 Utilization 73.5% 72.7% 75.4% Account Receivables (Number of Days) 3
Slide 11: Order Intake Details and Million Dollar Clients
Order Intake Details ($ Mn)* Order Intake (OI) Q1 FY17 Q4 FY16 Q1 FY16 Cyient Services (Executable in the Current FY) 124.9 130.2 83.8 Cyient Services (Executable after the Current FY) 8.1 30.2 20.9 Cyient Services Total OI 133.1 160.4 104.7 DLM (Executable in the Current FY) 12.3 9.8 6.1 Cyient (Ex
Slide 12: Design-Led Manufacturing Business
12 Investor Update Q1, FY17 Cyient Limited www.cyient.com/investors Business Design-Led manufacturing
Slide 13: Income Statement - Abridged (DLM)
Income Statement - Abridged ( Million) Q1 FY17 Q4 FY16 Q1 FY16 Revenue 632.5 819.6 384.0 Direct Salaries and Related Costs 53.3 47.8 38.4 Material Cost 547.5 664.7 294.7 Gross Profit 31.7 107.1 50.9 SG&A 80.7 65.0 42.6 www.cyient.com/investors Operating Profit (EBITDA) (49.0) 42.1 8.3 Other Charges
Slide 14: Key Operational Metrics
Key Operational Metrics 30-Jun-16 31-Mar-16 30-Jun-15 Employee Headcount (in number) 630 625 602 Days Sales Outstanding (in Days) 86 73 96 Days Payables Outstanding (in Days) 89 99 107 Customer Advance (in Days) 20 22 58 Inventory (in Days) 140 160 137 www.cyient.com/investors Total Cash ( Million)
Slide 15: Consolidated Financials
15 Investor Update Q1, FY17 Cyient Limited www.cyient.com/investors Financials Consolidated
Slide 16: Consolidated Income Statement
DETAILED FINANCIALS Consolidated Income Statement ( Million) Q1 FY17 Q4 FY16 Q1 FY 16^ Operating Revenue 8,306 8,158 7,258 Cost of Revenue 5,381 5,370 4,698 Direct Salary and related costs 3,945 3,689 3,533 Direct Travel 206 180 190 www.cyient.com/investors Sub contract and others 552 579 467 Delive
Slide 17: Other Income, Capex, Cash Position
Other Income ( Million) Q1 FY17 Q4 FY16 Q1 FY 16 Income from Investments 89.8 83.6 87.0 Fx Gain/(Loss) 4.3 93.1 172.5 Others 21.6 44.8 38.2 Total 115.7 221.5 297.7 Capital Expenditure ( Million) www.cyient.com/investors Q1 FY17 Q4 FY16 Q1 FY 16 Capital Expenditure 196 204 170 Cash Position ( Million
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet ( Million) 30-Jun-16 31-Mar-16 EQUITY AND LIABILITIES Shareholders’ funds - Share capital 563 562 - Reserves and surplus 19,346 18,664 Total - Shareholders' funds 19,909 19,226 Share application money pending allotment 0 1 www.cyient.com/investors Non-current liabilities -
Slide 19: Consolidated Cash Flow
Consolidated Cash Flow ( Million) 30-Jun-16 31-Mar-16* Earnings before Interest and Tax 911 3,968 Taxes paid (116) (1,024) Depreciation 206 836 Net working capital change (91) (41) Other operating items 12 44 www.cyient.com/investors Operating cash flow before interest 922 3,783 Interest and finance
Slide 20: Performance by Company - Subsidiaries: Revenue
Performance by Company - Subsidiaries Revenue ( Million) Q1 FY17 Q4 FY16 Q1 FY 16 Cyient Ltd 3,036 2,822 3,416 Cyient Europe Ltd 954 1,026 769 Cyient Inc. 3,910 3,735 3,686 www.cyient.com/investors Cyient GmbH 439 410 386 Infotech Geospatial (India) Ltd 0.0 2.9 5.7 Infotech HAL Limited 0.0 4.1 0.0 C
Slide 21: Performance by Company - Subsidiaries: Profit
Profit ( Million) Q1 FY17 Q4 FY16 Q1 FY 16 Cyient Ltd 408 255 704 Cyient Europe Ltd 39 134 (4) Cyient Inc. 157 92 108 Cyient GmbH 20.4 90.0 (53.3) Infotech Geospatial (India) Ltd 0.0 (2.7) (2.7) www.cyient.com/investors Infotech HAL Limited 0.0 0.2 0.0 Cyient KK 9.8 16.4 (0.3) Infotech Enterprises I
Slide 22: Manpower by Entity
Manpower by Entity (in Number) 30-Jun-16 31-Mar-16 30-Jun-15 Cyient Ltd 10,959 10,483 10,261 Cyient Europe Ltd 198 195 183 Cyient Inc. 1,599 1,589 1,543 Cyient GmbH 164 179 165 Infotech Geospatial (India) Ltd 0 3 3 www.cyient.com/investors Infotech Enterprises IT Services Pvt. Ltd. 0 0 126 Cyient KK
Slide 23: About Cyient and Contact Details
Cyient is a global provider of engineering, data analytics, network and operations solutions. We collaborate with our clients to achieve more and shape a better tomorrow. With decades of experience, Cyient is well positioned to solve problems. Our solutions include product development and life-cycle