Sygnity Sa · GPW:SGN

Sygnity Sa — Q4 2008 Earnings Presentation

19 slides from Sygnity Sa's earnings presentation, Feb 26, 2009

  1. Slide 1: Presentation of the consolidated results of the Sygnity Group for Q4 2008

    Presentation of the consolidated results of the Sygnity Group for Q4 2008 Warsaw, 26 February 2009

  2. Slide 2: Disclaimer

    Disclaimer This presentation has been prepared for information purposes only. It does not constitute an advertisement or an offering of securities in public trading. Although it relies on sources of information that Sygnity S.A. deems to be reliable and accurate, there is no guarantee that they are

  3. Slide 3: Summary of the results for Q4 and Q1-4, 2008

    Summary of the results for Q4 and Q1-4, 2008 3

  4. Slide 4: Results for Q4 2008 vs Q4 2007

    Results for Q4 2008 vs Q4 2007 [PLN ’000] Q4 2007 Q4 2008 Revenues 371 217 337 087 Operating profit (loss) 54 697 27 475 Operating profit (loss) without restructuring write-offs/revenues from assets’ sale 27 281 27 475 Net profit (loss) * 42 504 18 440 * including one-off gain in the amount of PLN 2

  5. Slide 5: Results for 2008 vs 2007

    Results for 2008 vs 2007 [PLN ’000] 2007 2008 Revenues 1 206 513 1 001 760 Operating profit (loss) (72 289) 12 596 Operating profit (loss) without restructuring write-offs/revenues from assets sale (54 300) 946 Net profit (loss) * (81 126) 233 * including one-off gain in the amount of PLN 27.4 milli

  6. Slide 6: Revenues structure in 2008 vs 2007

    Revenues structure in 2008 vs 2007 Q4 2007 vs Q4 2008 2007 vs 2008 Revenue Revenue [PLN ’000] [PLN ’000] 400 000 1 400 000 350 000 39% 1 200 000 35% 45% 300 000 144 613 35% 118 287 1 000 000 534 019 250 000 344 151 Goods and materials 800 000 200 000 61% Products and services 65% 600 000 150 000 55%

  7. Slide 7: Revenues in 2008 vs 2007 by sector

    Revenues in 2008 vs 2007 by sector Sector 2007 2008 [PLN ’000] Public* 506 419 413 136 Banking and finance 320 322 270 725 Utilities 124 657 92 403 Telco industry 255 115 205 330 Total 1 206 513 1 001 760 * Revenues decreased by PLN 18.3 million du to assets disposal 7

  8. Slide 8: Financing

    Financing 8

  9. Slide 9: Debt situation

    Debt situation [PLN ’000] 30.9.07 31.12.07 31.3.08 30.6.08 30.9.08 31.12.08 As of the publication date Bonds -85 -60 -57 -58 -63 -63 -61 Loans and credit -192 -107 -84 -68 -56 -31 -23 facilities Cash 24 51 48 36 40 58 56 Funds in escrow accounts 13 18 30 7 Net debt* -253 -116 -93 -90 -79 -36 -28 * W

  10. Slide 10: Sources of financing

    Outlook for bonds’ servicing in 2009 Operating cash-flow generated in 2008 and H1 2009 Disciplined working capital management Sources of Assets disposals financing Roll-over of bonds, on-going basis Financing from new institutions PLN 3,570,000 PLN 1,730,000 PLN 5,860,000 PLN 50,000,000 Bonds’ matur

  11. Slide 11: 2009 outlook

    2009 outlook 11

  12. Slide 12: Backlog

    Backlog Sector 2009 backlog [PLN ’000] Banking and finance 98 252 Public 94 480 Telco industry 53 543 Utilities 45 071 Total 291 885  80% of backlog for 2009 consists of own solutions (services, licences and service support) and covers 50% of estimated margin for the entire year  In addition, back

  13. Slide 13: Assets planned for disposal in 2009

    Assets planned for disposal in 2009  Sale of land surveying and outsourcing companies;  Sale of one real estate property;  Sale of the above assets (currently in progress) is estimated to generate revenues of approx. PLN 40 million. The effect on the operating profit will amount to approx. PLN 15

  14. Slide 14: Banking and finance sector – prospects for 2009

    Banking and finance sector – prospects for 2009  Challenges in the sector:  Reduction of IT costs, i.e. increasing cost effectiveness  Response to regulatory changes, including the prospect of converting to the euro  Optimisation of processes and modernisation of systems using SOA and EDA  Incr

  15. Slide 15: Public sector – prospects for 2009

    Public sector – prospects for 2009  Challenges in the sector:  Concentration on projects financed from European funds (the Ministry of Internal Affairs and Administration, the Ministry of Health, and the Ministry of the Economy)  Local government projects  Continuation and maintenance of existin

  16. Slide 16: Utilities sector – prospects for 2009

    Utilities sector – prospects for 2009  Challenges in the sector:  The commencement of the implementation of centralised customer service systems in Power Groups  The commencement of the implementation of network asset management systems at electricity and gas network operators  A further increas

  17. Slide 17: Telco sector – prospects for 2009

    Telco sector – prospects for 2009  Challenges in the sector:  Signing a long-term agreement with Telekomunikacja Polska  Increasing cooperation with Dialog, Netia and Exatel  Signing agreements for Inventory.cl with operators other than Telekomunikacja Polska  Key prospects:  TP – subsequent E

  18. Slide 18: Industry sector – prospects for 2009

    Industry sector – prospects for 2009  Challenges in the sector:  Cable Television Companies – increasing market share  Signing an agreement with Bliska, the second largest chain of petrol stations in Poland  Signing a cooperation agreement with the Coal Corporations  Expanding cooperation with

  19. Slide 19: 2009 outlook

    2009 outlook  Revenues of approx. PLN 1 billion  Estimated 2-3% recurrent EBIT margin (not including profit from sale of assets)  Effect of assets disposal on EBIT expecetd to amount to approx. PLN 15 million (2-3 transactions to be carried out)  Maintaining gross margin at the level of 2008 (de

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