Eclerx Services Limited · NSE:ECLERX
Eclerx Services — FY2008 Earnings Presentation
12 slides from Eclerx Services's earnings presentation, May 26, 2008
Slide 1: Financial Performance FY 2008
Financial Performance FY 2008 May 26, 2008 eClerx – An ISO / IEC 27001:2005 Certified Company 1 Confidential eClerx – An ISO / IEC 27001:2005 Certified Company
Slide 2: Executive Summary
Executive Summary FY 2008 vs FY 2007 Q4 vs Q3 Revenue Total Revenue up 49% Total Revenue up 18% Operating Revenue up 56% in USD terms, Operating revenue up 12% in INR terms 41% in INR Profitability Operating Margin at 36% vs 46% Operating Margin at 34% vs 38% 7.8% shift attributable to FX move and S
Slide 3: Financial Summary (YOY)
Financial Summary (YOY) Revenue (INR M) Operating Profit (INR M) 444 Opg Rev growth of 41% Growth of 12% excl goodwill Tot Rev growth of 49% 1,283 amortization 7 862 EBITDA (INR M) PAT (INR M) Growth of 29% Growth of 12% 3 eClerx – An ISO / IEC 27001:2005 Certified Company August 09
Slide 4: Profitability Indicators (YOY)
Profitability Indicators (YOY) EBITDA % OPM % 37% PAT % EPS 4 eClerx – An ISO / IEC 27001:2005 Certified Company August 09
Slide 5: Operating P&L FY 08 vs FY 07
Operating P&L FY 08 vs FY 07 5 eClerx – An ISO / IEC 27001:2005 Certified Company August 09
Slide 6: Bridging Analysis YOY
Bridging Analysis YOY FY 08 OPM 46.2% 46% 46% Operating Margin declined from 46% to 36%: – 8% of this move attributable to FX move and amortization of goodwill – 2% attributable to organic operating performance, ITS acquisition and start up expenses associated with Pune SEZ Expect some drag on accou
Slide 7: Financial Summary (Q4 vs Q3)
Financial Summary (Q4 vs Q3) Revenue (INR M) Operating Profit (INR M) Opg Rev growth of 12% 409 Growth of 7% excl goodwill amortization Tot Rev growth of 18% 134 125 347 EBITDA (INR M) PAT (INR M) Growth of 19% Growth of 21.7% 7 eClerx – An ISO / IEC 27001:2005 Certified Company August 09
Slide 8: Key Performance Indicators (Q4 vs Q3)
Key Performance Indicators (Q4 vs Q3) EBITDA % OPM % 36% PAT % EPS 8 eClerx – An ISO / IEC 27001:2005 Certified Company August 09
Slide 9: Consolidated P&L Q4 FY 08 vs Q3 FY 08
Consolidated P&L Q4 FY 08 vs Q3 FY 08 Operating margin (before amortization of goodwill) down 1.6% Q-o-Q, mostly attributable to increase in S,G & A costs primarily related to Pune start up 9 eClerx – An ISO / IEC 27001:2005 Certified Company August 09
Slide 10: Business Update
Business Update Clients 61 active relationships vs 22 in FY 07, 28 of these from ITS acquisition 6 relationships added in Q4 Risk Reduction Client concentration continues to decrease Top 5 customers constituted 81% of total revenue in Q4 vs 84% in Q3 vs 86% for H1 Currency diversification continues
Slide 11: Staff Update FY 2007-08
Staff Update FY 2007-08 1527 1021 620 353 FY 05 FY06 FY 07 FY 08 Employee Base % of Support Staff: 16.5% 37% 35% 31.1% 29.6% FY 05 FY06 FY 07 FY 08 Attrition % 11 eClerx – An ISO / IEC 27001:2005 Certified Company August 09
Slide 12: Thanks
Thanks 12 eClerx – An ISO / IEC 27001:2005 Certified Company August 09