Slide 1: Firstsource Solutions Limited Q1 FY 2007-08 Earnings Update
Firstsource Solutions Limited Q1 FY 2007-08 Earnings Update
Slide 2: Disclaimer
Disclaimer Certain statements in this presentation 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 form those in such forward-looking statements. The risks and uncertainties
Slide 3: Performance overview
Performance overview 10,000 8,399 TOTAL INCOME 8,000 • Up 75.2% Y-o-Y 6,000 Rs.M n • Up 1.9% Q-o-Q 4,000 2,768 2,822 1,611 2,000 0 Q1 FY2007 Q4 FY2007 Q1 FY2008 FY2007 1,800 1,746 30% EBITDA 23.9% 1,500 EBITDA Margin 20.7% Strong Strong revenue revenue and and 1,200 17.8% 20.8% 20% Rs. Mn profitabil
Slide 4: Financial summary - Q1 FY 2008
Financial summary - Q1 FY 2008 Particulars (In Rs. Million) June 30, March June 2007 31, 2007 30, 2006 INCOME Particulars (In Rs. Million) June 30, March June 30, Income from services 2,536.9 2,683.8 1,608.7 2007 31, 2007 2006 Other Operating Income 163.3 63.2 - EBITDA (excluding other income) 551.8
Slide 5: Highlights (1/3)
Highlights (1/3) • Strong financial Performance - Total Income at Rs 2821.5 million, up 75.2% Y-o-Y, 1.9% Q-o-Q - EBITDA at Rs 673.2 million up 134.6% Y-o-Y, 17.5% Q-o-Q - PAT at Rs 443.1 million up 231.8% Y-o-Y, 26.9% Q-o-Q • Revenue growth despite seasonality and exchange rate challenges - Hutch r
Slide 6: Highlights (2/3)
Highlights (2/3) Declining client concentration Focus on large verticals Telecom + Revenue from top five clients Media 60% 44.4% 52.4% Healthcare 13.7% 50% 48.1% 46.6% Others BFSI 4.8% 37.1% 40% Q1 FY2008 Q1 FY07 Q4 FY07 Q1 FY08 Largest client contributed 18.5% of income from services in Q1 FY2008 T
Slide 7: Highlights (3/3)
Highlights (3/3) Clients Employees 1.2x x 75 1.8 15,314 62 8,513 Q1 FY2007 Q1 FY2008 Q1 FY2007 Q1 FY2008 Centers Seats x x 2. 3 25 1.7 11,581 11 6,786 Q1 FY2007 Q1 FY2008 Q1 FY2007 Q1 FY2008 Firstsource © 2007 | confidential | July 31, 2007 | 7
Slide 8: Key challenges
Key challenges • Currency appreciation - U.S. Dollar depreciation is a concern - New contracts in USD being priced in line to protect margins - Guidance of 50% revenue growth in rupee terms holds good in current environment • Attrition - 51% compared to 42% - Increase is due to handling the large ra
Slide 9: Thank you
THANK YOU Firstsource (NSE: FSL.NS, BSE: FSL.BO) is among India’s leading pure-play BPO (business process outsourcing) service providers. Firstsource provides customized business process transformation to global leaders in the Banking & Financial Services, Telecom & Media and Healthcare sectors. It’