Slide 1: Genpact Q4 & FY 2013 Earnings Presentation
Exhibit 99.2 Genpact Q4 & FY 2013 Earnings Presentation February 6, 2014 Ticker (NYSE: G)
Slide 2: Forward Looking Statements; Non-GAAP Financial Measures
Forward Looking Statements These materials contain certain statements concerning our future growth prospects and forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on Genpact’s current expectat
Slide 3: Q4 2013 - Highlights
Q4 2013 - Highlights Revenue grew year-over-year and sequentially; margins reflect planned increase in client-facing investments Q4 ‘13 versus Q4 ‘12 performance: Total Revenue: +10% Revenue from Global Clients: +13% GE Revenue: Flat Adjusted Income from Operations (1): +2% Adjusted Income from Oper
Slide 4: FY 2013 – Highlights
FY 2013 – Highlights Revenues, adjusted income from operations, and earnings per share all increased year-over-year, margins steady FY ‘13 versus FY ‘12 performance: Total Revenue: +12% Revenue from Global Clients: +16% GE Revenue: -1% Adjusted Income from Operations (1): +13% Adjusted Income from O
Slide 5: Four Key Pillars of Our Growth Strategy
Four Key Pillars of Our Growth Strategy Concentrating our investments on specific market Investments leadership opportunities in selected industries, service lines and geographies to drive faster growth Further differentiating our solutions by building capabilities Solutions and combining core opera
Slide 6: Q4 Revenue Growth of 10.0% driven by Global Clients
Q4 Revenue Growth of 10.0% driven by Global Clients ($ in millions) ($ in millions) YoY YoY Growth% Growth% 558.5 10.0% 558.5 10.0% 507.7 507.7 (0.1%) 17.0% 125.4 137.7 125.5 117.7 GE(1) ITO 433.1 13.3% 420.8 7.9% Global 382.2 BPM 390.0 Clients(1) Q4 ‘12 Q4 ‘13 Q4 ‘12 Q4 ‘13 Q4 2013 Global Clients B
Slide 7: Continue to Expand Client Relationships
Continue to Expand Client Relationships 60 52 50 43 40 30 20 13 13 11 11 10 0 $5 to $15 MM $15 to $25 MM >$25 MM Relationship Size (1) Q4 12 Q4 13 Notes: 1) Relationship size = Clients representing annual revenues based on rolling four quarters 7
Slide 8: Q4 Adjusted Income From Operations Growth of 2.0%
Q4 Adjusted Income From Operations Growth of 2.0% ($ millions) Q4‘12 Q4‘13 YoY Growth Revenue 507.7 558.5 10.0% Cost Of Revenue 309.8 345.8 11.6% Gross Profit 197.9 212.6 7.4% Gross Profit % of Revenue 39.0% 38.1% (90)Bps Selling, general and administrative expenses 118.8 136.2 14.6% SG&A % of Reven
Slide 9: Full Year Revenue Growth of 12.1% Driven by Global Clients
Full Year Revenue Growth of 12.1% Driven by Global Clients ($ in millions) ($ in millions) YoY YoY Growth% Growth% 2,132 12.1% 2,132 12.1% 1,902 1,902 479 (0.6%) 524 17.5% GE(1) 482 ITO 446 1,653 16.4% 1,608 10.4% Global 1,420 BPM 1,456 Clients(1) FY ‘12 FY ‘13 FY ‘12 FY ‘13 FY 2013 Global Clients B
Slide 10: Full Year Adjusted Income From Operations Growth of 12.6%
Full Year Adjusted Income From Operations Growth of 12.6% ($ millions) FY‘12 FY‘13 YoY Growth Revenue 1,902 2,132 12.1% Cost Of Revenue 1,158 1,320 14.0% Gross Profit 744 812 9.2% Gross Profit % of Revenue 39.1% 38.1% (100)Bps Selling, general and administrative expenses 457 485 6.2% SG&A % of Reven
Slide 11: EPS Bridge
EPS Bridge (Cents per share) Increase Decrease 5 2 -2 11 -15 2 16 113 97 96 78 FY ‘12 Net ‘12 one time FY ‘12 Adjusted Lower Fx Higher FY ‘13 Net FY ‘13 GAAP other costs related to Adjusted Income from effective Re-measurement financing Adjusted other GAAP EPS Adjustments recapitalization Gains (1)
Slide 12: Cash From Operations
Cash From Operations YoY YoY Quarter Full Year Growth% Growth% ($ in millions) ($ in millions) 311 312 0% 101 Upfront Client 78 -23% Payment 45 (One-time) 312 17% Operating Performance 266 Q4 ‘12 Q4 ‘13 FY ‘12 FY ‘13 FY ‘12 FY ‘13 Days Sales Outstanding 80 81 Cash and Liquid Assets ($ millions)(1) 4
Slide 13: Full Year 2014 Outlook
Full Year 2014 Outlook FY 2014 Revenues ($B) 2.22 - 2.26 Adjusted Income from Operations - Margin 15.0% - 15.5% Other Metrics Cash Flow From Operations Decline 10-13% YoY Effective Tax Rate 24% - 26% Capital Expenditure (% of revenue) 2.5% - 3.0% 13
Slide 14: Q&A
GENPACT Q&A
Slide 15: Annexure 1: Reconciliation of Adjusted Income from Operations
Annexure 1: Reconciliation of Adjusted Income from Operations (USD, In Thousands) Year ended December 31 2012 2013 Income from operations per GAAP $ 264,345 $ 309,527 Add: Amortization of acquired intangible assets resulting from Formation 6,845 2,961 Accounting Add: Amortization of acquired intangi
Slide 16: Annexure 2: Reconciliation of Adjusted Income from Operations
Annexure 2: Reconciliation of Adjusted Income from Operations (USD, In Thousands) Quarter ended December 31 2012 2013 Income from operations per GAAP $ 70,795 $ 71,633 Add: Amortization of acquired intangible assets resulting from Formation 1,592 679 Accounting Add: Amortization of acquired intangib
Slide 17: Annexure 3: Reconciliation of Adjusted Net Income
Annexure 3: Reconciliation of Adjusted Net Income (USD, In Thousands, except per share data) Year ended December 31 2012 2013 Net income per GAAP $ 178,216 229,717 Add: Amortization of acquired intangible assets resulting from Formation 6,845 2,961 Accounting Add: Amortization of acquired intangible
Slide 18: Annexure 4: Reconciliation of Adjusted Net Income
Annexure 4: Reconciliation of Adjusted Net Income (USD, In Thousands, except per share data) Quarter ended December 31 2012 2013 Net income per GAAP $ 53,401 $ 48,842 Add: Amortization of acquired intangible assets resulting from Formation 1,592 679 Accounting Add: Amortization of acquired intangibl
Slide 19: Thank You
GENPACT Thank You