R Systems International Limited · NSE:RSYSTEMS
R Systems International — Q3 2010 Earnings Presentation
14 slides from R Systems International's earnings presentation, November 2010
Slide 1: R Systems International Limited: Review of Q3 2010 Results
R Systems International Limited Review of Q3 2010 Results 1 www. rsystems.com
Slide 2: Disclaimer
Disclaimer “Investors are cautioned that this presentation contains forward looking statements that involve risks and uncertainties. The Company undertakes no obligation publicly to update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Actu
Slide 3: Key Highlights Q3 2010
Key Highlights Q3 2010 • Consolidated revenue Rs 75.82 crores (US$ 16.34 mn.); QoQ increase 10.72% and YoY decline 3.63%; • EBITDA Rs 7.56 crores (US$ 1.63 mn); QoQ increase 121.94% and YoY decline 17.53%; • Net profit after taxes was Rs 4.79 crores (US$ 1.03 mn) compared to Rs 1.14 crores (US$ 0.25
Slide 4: Consolidated Results (Un-audited)
Consolidated Results (Un-audited) (Figures in mn, except per share data) Particulars Q3 2010 Q3 2009 Q2 2010 INR US$ INR US$ INR US$ Revenues 758.23 16.34 786.77 16.32 684.82 15.01 Cost of Revenues 473.79 10.21 475.65 9.86 442.33 9.69 Gross Margin 284.44 6.13 311.12 6.46 242.49 5.32 37.51% 39.54% 35
Slide 5: Forex Impact Over QoQ Revenues and Gross Margins (Q3 10 Vs Q2 10)
Forex Impact Over QoQ Revenues and Gross Margins (Q3 10 Vs Q2 10) FX Revenue QoQ % Impact % Rs. in Avg. On Impact crs Change Revenue On QoQ in (Rs. In Revenue FX/INR crs.) parity US$ 45.8 1.79% 0.81 1.18% EURO 14.1 3.46% 0.47 0.69% Sing$ 5.6 4.47% 0.24 0.35% INR 5.7 - - Others 4.6 # # Total 75.8 1.5
Slide 6: Gross Margins Analysis Q3-10 Vs Q2-10
Gross Margins Analysis Q3-10 Vs Q2-10 Movement in Gross Margin % Q3-10 Vs Q2-10 Gross Margin % in Q2-10 35.41 Increase in Utilization 2.46 Rupee Depreciation 0.62 Impact of other costs in Fixed Bid (0.98) projects Gross Margin % in Q3-10 37.51 www. rsystems.com 6
Slide 7: Revenues and Margins, Historical Trend
Revenues and Margins, Historical Trend 100.0 16.0 14.8 90.0 14.0 90.1 11.6 12.4 80.0 12.0 70.0 10.1 76.3 78.7 75.8 10.0 Rs in Crores 60.0 8.6 82.5 10.0 50.0 8.0 % 72.4 5.0 40.0 6.0 30.0 4.0 20.0 68.5 2.0 10.0 - - Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10 Q3-10 Revenue 90.1 82.5 78.7 76.3 72.4 68.5 75.8 EB
Slide 8: Net Assets and Cash and bank balance, Historical Trend
Net Assets and Cash and bank balance, Historical Trend Rs in Crores * excluding goodwill 8 www. rsystems.com
Slide 9: Consolidated Key Balance Sheet Data
Consolidated Key Balance Sheet Data Rupees in Crores except “DSO” As at Sep As at June 30, 2010 30, 2010 Share Holders’ Funds 179.4 174.6 Receivables 56.7 48.2 Receivables in days “DSO” 59 65 Cash & Bank 87.3 85.2 Net Current Assets 133.5 126.7 Fixed Assets (net) 46.6 48.7 Secured Loans 1.0 1.0 9 ww
Slide 10: Quarterly Revenue Break-Down
Quarterly Revenue Break-Down By Geography Client Concentration * South East Asian Countries 10 www. rsystems.com
Slide 11: Technical Head Count and Utilization
Technical Head Count and Utilization 11 www. rsystems.com
Slide 12: Summing Up and Looking Ahead
Summing Up and Looking Ahead • All business units have shown improved results in the quarter; • Billing rates still holding firm across markets; • Europe tech-support business is back on track to operating profitability; • Strong pipeline seen across business units, early conversion will be the key;
Slide 13: Contact Information
Contact Information Suresh Kumar Bhutani Noida, India Company Secretary & Worldwide Compliance Officer Headquarter Tel # 0120 - 4082633 Fax # 0120 - 4082699 Email: suresh.bhutani@rsystems.com El Dorado Hills-CA, USA Shankar Seetharaman Chief Financial Officer Pune, India Tel # 020 - 22952520 Email:
Slide 14: Thank You For Your Support
Thank You For Your Support 14 www. rsystems.com
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