Aptitude Software Group Plc · LSE:APTD
Aptitude Software — Microgen — H1 2013 Earnings Presentation
14 slides from Aptitude Software's earnings presentation, Jul 22, 2013
Slide 1: Interim Results for the six months ended 30 June 2013
microgen plc Interim Results for the six months ended 30 June 2013 Martyn Ratcliffe Chairman David Sherriff Chief Executive Officer Philip Wood Group Finance Director To be read in conjunction with the interim results 22 July 2013 announcement released on 22 July 2013
Slide 2: Group Structure
Group Structure Microgen plc Microgen Aptitude Financial Systems Solutions Division Division Enterprise level application products A portfolio of products primarily and solutions addressing the Big Data focussed on the wealth management challenges of some of the world’s and banking sectors. Reflecti
Slide 3: Group Interim Results 2013
Group Interim Results 2013 • Satisfactory performance with good operating margins and high recurring revenues • MASD annual software licence and recurring revenue growth of 10% • Operating margins increased to 30% (H1, 2012: 26%). • Operating profit maintained at £4.4 million. • Basic EPS 4.2 pence
Slide 4: Revenue
Group Revenue • Satisfactory performance in Core Business activities • Growth in Core Business software licence and recurring revenue • Operating profit maintained at £4.4 million benefitting from higher proportion of annual software licences and other recurring revenue 18 16 14 12 £ million 10 8 6
Slide 5: Microgen Aptitude Solutions Division
Microgen Aptitude Solutions Division • Growth in annual software licences and other recurring revenue of 10% • Overall revenue of £7.4 million marginally ahead of H2 2012 yet below H1 2012 revenue of £9.0 million due to reduction in consultancy revenue • Discussions progressing to develop further th
Slide 6: Microgen Aptitude Solutions Division: Recurring Revenue
Microgen Aptitude Solutions Division • Continued growth in the proportion of Microgen Aptitude Solutions Division software and recurring revenue is consistent with the value enhancement strategy for the division 5 4 Recurring Revenue (£ million) 3 2 1 0 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 6
Slide 7: Financial Systems Division
Financial Systems Division • Revenue of £7.6 million (H1, 2012 : £8.0 million) with stable core financial systems • 5Series trust & fund software making good progress following investment in product • Operating margins increased to 54% (H1, 2012 : 50%) • High recurring revenue levels from diverse cl
Slide 8: Delivering Shareholder Value
Delivering Shareholder Value • £7.2 million of cash returned to shareholders in the last twelve months via dividend, special dividend and share buy back • The Group has returned 100% of its market capitalisation as at October 2008 * As at 30 14 June 2013 140 12 120 Cash Returned to Shareholders in Y
Slide 9: Summary
Summary • Satisfactory performance with good operating margins and high recurring revenues • Continued growth in the proportion of Microgen Aptitude Solutions Division software and recurring revenue is consistent with the value enhancement strategy for the division. Consultancy revenue declined as a
Slide 10: Appendix
Appendix
Slide 11: Income Statement
Group Income Statement Six months Six months Year ended ended ended 31 30 June 30 June December 2013 2012 2012 £000 £000 £000 Revenue Microgen Aptitude Solutions Division 7,376 9,038 16,316 Financial Systems Division 7,569 8,011 16,002 Total revenue 14,945 17,049 32,318 Operating costs (excl. Group
Slide 12: Balance Sheet
Group Balance Sheet As at As at As at 30 June 30 June 31 Dec 2013 2012 2012 ASSETS £’000 £’000 £’000 Non-current assets Goodwill 41,774 41,774 41,774 Intangible assets - 59 - Property, plant and equipment 5,277 5,451 5,391 Deferred income tax asset 1,016 1,311 1,041 48,067 48,595 48,206 Current asse
Slide 13: Cash Flow
Group Cash Flow Six months Six months Year ended ended ended 30 June 2013 30 June 2012 31 Dec 2011 £’000 £’000 £’000 Cash flows from operating activities Cash generated from operations 1,416 2,901 10,348 Tax paid (633) (827) (2,023) Net cash generated from operating activities 783 2,074 8,325 Cash f
Slide 14: microgen
microgen www.microgen.com