Tata Consultancy Services Limited · NSE:TCS
Tata Consultancy Services — Q1 FY2012 Earnings Presentation
29 slides from Tata Consultancy Services's earnings presentation, Jul 14, 2011
Slide 1: Results for Quarter I FY 2011 - 12
Title and Content 109 255 131 0 85 214 207 255 56 99 165 73 246 255 155 190 28 42 Dark 1 Light 1 Dark 2 Light 2 Accent 1 Accent 2 185 151 193 255 255 236 175 75 187 221 255 137 164 7 0 62 255 29 Accent 3 Accent 4 Accent 5 Accent 6 Hyperlink Followed Hyperlink Results for Quarter I FY 2011 - 12 127 1
Slide 2: Disclaimer
Disclaimer Certain statements in this release concerning our future prospects are forward-looking statements. Forward-looking statements by their nature involve a number of risks and uncertainties that could cause actual results to differ materially from market expectations. These risks and uncertai
Slide 3: Highlights
TATA CONSULTANCY SERVICES Experience certainty. Highlights <p TATA
Slide 4: Indian GAAP Growth Summary
Indian GAAP Growth Summary Revenue Q-o-Q Revenue Growth Y-o-Y Revenue Growth 10,797 11,000 40% 10,157 31.3% 31.4% 10,000 9,663 24.9% 26.3% 30% ` Crore 9,286 9,000 20% 14.0% 8,217 13.0% 8,000 5.1% 6.3% 10% 6.2% 4.1% 7,000 0% Q1 FY11 Q2 FY11 Q3 FY11 Q4 FY11 Q1 FY12 Q1 FY11 Q2 FY11 Q3 FY11 Q4 FY11 Q1 F
Slide 5: IFRS Revenue Growth
IFRS Revenue Growth Revenue Mix 107,970 Revenue Growth 101,575 40% 110,000 92,864 96,633 31.3% 31.4% 82,173 8,987 10,084 24.9% 26.3% 90,000 9,216 8,896 30% ` Million 7,252 70,000 20% 14.0% 50,000 92,588 97,887 13.0% 74,920 83,648 87,738 6.3% 10% 6.2% 5.1% 30,000 4.1% 10,000 0% Q1 FY11 Q2 FY11 Q3 FY1
Slide 6: IFRS Growth Summary
IFRS Growth Summary Gross Income Y-o-Y Growth Q-o-Q Growth 50,000 46,370 47,795 40% 28.1% 29.4% ` Million 43,880 22.7% 23.5% 45,000 41,757 12.5% 20% 5.1% 5.7% 3.1% 40,000 36,942 2.0% 13.0% 0% 35,000 -20% Q1 FY11 Q2 FY11 Q3 FY11 Q4 FY11 Q1 FY12 Q1 FY11 Q2 FY11 Q3 FY11 Q4 FY11 Q1 FY12 Operating Income
Slide 7: Operational Performance
Operational Performance TATA CONSULTANCY SERVICES Experience certainty. <p TATA
Slide 8: Growth by Market
Growth by Market 7.3% 2.2% North America 9.3% Latin America 9.9% UK 52.9% Continental Europe India 15.3% Asia Pacific 3.1% MEA Geography (% ) Q1 FY12 Q4 FY11 Americas North America 52.9 53.4 Latin America 3.1 3.2 Europe UK 15.3 15.5 Continental Europe 9.9 9.9 India 9.3 8.8 Asia Pacific 7.3 7.2 MEA 2
Slide 9: Growth by Domain
Growth by Domain BFSI 2.2% 5.1% 3.8% 43.3% Telecom 3.7% 5.2% Retail & Distribution 5.8% Manufacturing Hi-Tech Life Sciences & Healthcare 7.6% Travel & Hospitality 11.6% Energy & Utilities 11.7% Media & Entertainment Others IP Revenue (%) Q1 FY12 Q4 FY11 BFSI 43.3 44.0 Telecom 11.7 11.0 Retail & Dist
Slide 10: Growth by Service Line
Growth by Service Line 10.9% Application Development & Maint. 3.6% 46.2% Business Intelligence 2.2% Enterprise Solutions 9.5% Assurance Services 4.6% Engineering & Industrial Services 7.3% Infrastructure Services Global Consulting 10.8% Asset Leverage Solutions 4.9% Business Process Outsourcing SP R
Slide 11: Client Parameters
Client Parameters Q1 FY12 Q4 FY11 Clients Contribution * Revenue % Top 1 7.1 7.4 Top 5 20.7 21.4 Top 10 28.9 29.6 US$ 1 mln Clients 473 458 US$ 5 mln Clients 219 208 US$ 10 mln Clients 148 143 US$ 20 mln Clients 91 81 US$ 50 mln Clients 33 27 US$ 100 mln Clients 10 8 * Last Twelve Months 14th July 2
Slide 12: Operational Parameters
Operational Parameters Revenue % Q1 FY12 Q4 FY11 Delivery Location* Onsite 44.8 44.7 GDC/RDC 4.6 5.0 Offshore 50.6 50.3 Contract Type Time & Material 50.3 50.5 Fixed Price & Time 49.7 49.5 * Excluding Domestic Clients 14th July 2011 12
Slide 13: Client Acquisition and Expansion
Client Acquisition and Expansion Particulars Q1 FY12 Q4 FY11 Active Clients 959 969 New Clients 24 39 Revenue % from Repeat Business 99.8 97.1 Revenue % from New Business * 0.2 2.9 * Reset at the beginning of Financial Year 14th July 2011 13
Slide 14: Key Wins
Key Wins A large US Insurance company has selected TCS as a strategic partner in their initiative to transform their entire personal lines. A leading North American bank has selected TCS as their strategic partner for providing end to end solutions for their wealth management portfolio. One of
Slide 15: Key Wins (cont..)
Key Wins (cont..) One of the world' leading pharmaceutical company has selected TCS for quality assurance & process compliance services. A leader in the energy products and services market in North America has selected TCS as a strategic partner for its application management and development ser
Slide 16: Human Resources
TATA CONSULTANCY SERVICES Human Resources Experience certainty. <p TATA
Slide 17: Total Employee Base
Total Employee Base TCS Employees : 202,190 (consolidated) Subsidiaries* : 24,275 * CMC, e-Serve & Diligenta 14th July 2011 17
Slide 18: Q1 Consolidated - Gross Additions 11,988 & Net Additions 3,576
Q1 Consolidated - Gross Additions 11,988 & Net Additions 3,576 Gross Additions: • 2,411 Trainees & 7,752 Laterals in India • 1,825 employees overseas Attrition*: • 14.8% (LTM), including BPO • IT Services: 13.56% (LTM) • BPO: 25.49% (LTM) Utilization Rate*: • 83.2% (excluding Trainees) • 76.2% (incl
Slide 19: Diversity
Diversity • 30.1% of our workforce are women • 59.7% of our associates have more than 3 years of work experience • Associates from 100 nationalities Composition of International Workforce (Consolidated) Others 16.3% Mexican 7.8% British 17.3% Indians 93.2% American 14.7% Others 6.8% Chilean Chinese
Slide 20: Annexure
TATA CONSULTANCY SERVICES Experience certainty. Annexure <p TATA
Slide 21: Indian GAAP Income Statement - Consolidated
Indian GAAP Income Statement - Consolidated Consolidated Indian GAAP ` Crore % of Total Income Q1 FY12 Q4 FY11 Q1 FY11 Q1 FY12 Q4 FY11 Q1 FY11 INCOME a) IT & Consultancy Services 10,444 9,847 7,967 96.73 96.95 96.95 b) Manufacturing, Sale of equipment and Licences 353 310 250 3.27 3.05 3.05 Total In
Slide 22: Indian GAAP Balance Sheet - Consolidated
Indian GAAP Balance Sheet - Consolidated Consolidated Indian GAAP ` Crore % 30-Jun-11 31-Mar-11 30-Jun-11 31-Mar-11 Source of Funds Shareholders' Funds 26,300 24,505 96.39 96.23 Minority Interest 485 458 1.78 1.80 Loan Funds 39 69 0.14 0.27 Deferred Tax Liability 136 109 0.50 0.43 Non Current Liabil
Slide 23: IFRS Income Statement
IFRS Income Statement ` Million % of Revenue Consolidated IFRS Q1 FY12 Q4 FY11 Q1 FY11 Q1 FY12 Q4 FY11 Q1 FY11 Revenue 107,970 101,575 82,173 100.00 100.00 100.00 Cost of revenue 60,175 55,205 45,230 55.73 54.35 55.04 Gross margin 47,795 46,370 36,943 44.27 45.65 44.96 SG & A expenses 19,534 17,613
Slide 24: COR – SG&A Details
COR – SG&A Details 14th July 2011 24
Slide 25: IFRS Balance Sheet
IFRS Balance Sheet 30-Jun-11 31-Mar-11 Consolidated IFRS ` Million % ` Million % Assets Cash and cash equivalents 14,913 4.20 15,539 4.74 Accounts receivable 90,932 25.57 82,007 25.01 Unbilled revenues 16,373 4.61 13,490 4.11 Other current financial assets 56,254 15.83 39,335 12.00 Other non current
Slide 26: IFRS Income Statement – In USD
IFRS Income Statement – In USD Consolidated IFRS $ Million % of Revenue Q1 FY12 Q4 FY11 Q1 FY11 Q1 FY12 Q4 FY11 Q1 FY11 Revenue 2,412 2,244 1,794 100.00 100.00 100.00 Cost of revenue 1,344 1,219 987 55.73 54.33 55.04 Gross margin 1,068 1,025 807 44.27 45.67 44.96 SG & A expenses 437 389 314 18.10 17
Slide 27: COR – SG&A Details – In USD
COR – SG&A Details – In USD 14th July 2011 27
Slide 28: IFRS Balance Sheet in USD
IFRS Balance Sheet in USD 30-Jun-11 31-Mar-11 Consolidated IFRS $ Million % $ Million % Assets Cash and Cash equivalents 334 4.20 349 4.74 Accounts Receivable 2,036 25.58 1,839 25.01 Unbilled Revenues 367 4.61 303 4.11 Other current financial assets 1,259 15.83 881 11.98 Other non current financial
Slide 29: Thank You
Thank You
Tata Consultancy Services — Q1 FY2012 Earnings Presentation on 6ix