Sasken Technologies Ltd · NSE:SASKEN
Sasken Technologies — Sasken Communication Technologies — Q1 FY07 Earnings Presentation
21 slides from Sasken Technologies's earnings presentation, July 2006
Slide 1: Sasken Group Financial Results for Q1 FY07
Sasken Group Financial Results for Q1 FY07 July 2006 www.sasken.com 1 © Copyright 2006 Sasken Communication Technologies Limited Sasken confidential
Slide 2: Disclaimer
Disclaimer Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements due to risks or uncertainties ass
Slide 3: Performance Snapshot – Q1 FY07
Performance Snapshot – Q1 FY07 Consolidated Revenues ( Rs. Million) Services – Products Revenue Mix ( Rs. Million) 1000 1000 875.26 911.23 900 900 800 736.31 780.52 800 700 677.42 623.22 700 600 600 500 500 400 400 300 300 200 200 100 54.20 44.21 35.97 100 0 0 Q1 FY06 Q4 FY06 Q1 FY07 Q1 FY06 Q4 FY06
Slide 4: Consolidated Results – Q1 FY07
Consolidated Results – Q1 FY07 www.sasken.com 4 © Copyright 2006 Sasken Communication Technologies Limited
Slide 5: Income Statement Summary (Consolidated)
Income Statement Summary (Consolidated) Rs. Million Q1 FY07 % Q4 FY06 % Q1 FY06 % % Growth over Q4 FY06 Q1 FY06 (QoQ) (YoY) Revenues 911.23 100.0 780.52 100.0 677.42 100.0 16.7 34.5 Cost of Revenue 598.50 65.7 513.69 65.8 424.44 62.7 16.5 41.0 R&D1 29.11 3.2 22.28 2.9 41.06 6.1 30.7 (29.1) Gross Pro
Slide 6: Segmental Results (Consolidated)
Segmental Results (Consolidated) Rs. Million Q1 FY07 Q4 FY06 Q1 FY06 % Growth over Q4 FY06 Q1 FY06 (QoQ) (YoY) Revenues 911.23 780.52 677.42 16.7 34.5 Software Services 875.26 736.31 623.22 18.9 40.4 Products 35.97 44.21 54.20 (18.6) (33.6) EBITDA 130.76 105.08 77.43 24.4 68.9 Software Services 202.
Slide 7: Balance Sheet Summary (Consolidated)
Balance Sheet Summary (Consolidated) Rs. Million Jun 30, 2006 % Mar 31, 2006 % Liabilities Share Capital 279.77 7.2 279.36 7.2 ESOP Outstanding 7.10 0.2 7.73 0.2 Reserves & Surplus 3,590.78 92.4 3,563.12 92.3 Borrowing 6.89 0.2 11.50 0.3 Total Liabilities 3,884.54 100.0 3,861.71 100.0 Assets Net Fix
Slide 8: Geography Wise Revenue
Geography Wise Revenue Q1 FY 06 Q4 FY 06 Q1 FY 07 1% 7% 5% 20% 38% 22% 35% 28% 35% 41% 36% 32% North America Europe India APAC www.sasken.com © Copyright 2006 Sasken Communication Technologies Limited 8
Slide 9: Customer Concentration
Customer Concentration % 90 88.6 87.0 87.2 87 84 81 78 76.3 76.7 76.2 75 72 Q1 FY06 Q4 FY06 Q1 FY07 Top 5 Top 10 www.sasken.com © Copyright 2006 Sasken Communication Technologies Limited 9
Slide 10: Human Resources Metrics
Human Resources Metrics 3500 2,897 3000 2,575 2500 2,159 2000 1500 1000 469 322 500 221 38 203 71 0 Q1 FY06 Q4 FY06 Q1 FY07 Total Employees Gross Adds Net Adds Attrition % - 21.0% in Q1 FY07 vs 24.9% in Q1 FY 06 and 23.3% in Q4 FY06 www.sasken.com © Copyright 2006 Sasken Communication Technologies L
Slide 11: Services Business
Services Business www.sasken.com 11 © Copyright 2006 Sasken Communication Technologies Limited
Slide 12: Services Metrics
Services Metrics Services Revenue Mix - Delivery 13% 9% 14% 6% 15% 19% Q1 FY06 Q4 FY06 Q1 FY07 68% 77% 79% T & M Offshore T & M Onsite Fixed Price Services Utilization Services EBITDA % 90% 30.0% 85% 24.4% 25.0% 23.1% 77.7% 79.1% 80% 74.9% 20.0% 18.5% 75% 15.0% 70% 10.0% 65% 5.0% 60% 0.0% Q1 FY06 Q4
Slide 13: Number of Tier 1 customers
Relationships with Tier 1 Customers - Cumulative 20 18 18 18 16 Number of Tier 1 customers 14 12 10 8 6 5 5 4 4 4 2 2 2 1 1 0 All >$1M <$3M >$3M <$10M >$10M <$20M >$20M Based on trailing 12 months Services revenues in USD Q1 FY 07 Q4 FY 06 www.sasken.com © Copyright 2006 Sasken Communication Technol
Slide 14: Products Business
Products Business www.sasken.com 14 © Copyright 2006 Sasken Communication Technologies Limited
Slide 15: Products - Milestone Targets and Status
Products - Milestone Targets and Status Milestones ‘E-Series’ 2.5G 3G 3G ‘M-Series’ ‘M-Series’ ‘S-Series’ Identify Lead Semiconductor Q1 FY06 Q1 FY05 Q4 FY04 Q4 FY03 Partner Product demo on lead chipset Q4 FY06 Q3 FY06 Q3 FY06 Q3 FY05 First Design In * Q4 FY06 Q4 FY06 Q3 FY05 First Design Win * * *
Slide 16: Revenue Mix - Products
Revenue Mix - Products Q1 FY 06 Q4 FY 06 Q1 FY 07 8% 32% 38% 42% 46% 39% 53% 22% 20% Customization Licensing Royalty www.sasken.com © Copyright 2006 Sasken Communication Technologies Limited 16
Slide 17: Highlights
Highlights www.sasken.com 17 © Copyright 2006 Sasken Communication Technologies Limited
Slide 18: Sasken recommended for ISO 14001 certification
Corporate Sasken recommended for ISO 14001 certification for its Environment Management System www.sasken.com © Copyright 2006 Sasken Communication Technologies Limited 18
Slide 19: Services Highlights
Services Highlights Volume growths leading to 40% growth on an annual basis and 19% growth on a sequential basis in rupee terms; 15% in dollar terms Overall increase in blended rates and offshore rates Utilization increased to 79% in Q1; continue to sustain it in a band between 70 and 80% iSoftTech,
Slide 20: Products Highlights
Products Highlights Design-in for S-Series - Tier 1 handset manufacturer Sub-licensing revenues for 3G M Series - Tier 1 handset manufacturer Royalty revenues have gone up from the last quarter – from Rs 9.86 Million in Q4 FY06 to Rs 13.89 Million in Q1 FY07 Customization revenues have dropped as th
Slide 21: Thank You
Thank You www.sasken.com 21 © Copyright 2006 Sasken Communication Technologies Limited
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