Persistent Systems Limited · NSE:PERSISTENT
Persistent Systems — Q2 FY2016 Earnings Presentation
18 slides from Persistent Systems's earnings presentation, Oct 25, 2015
Slide 1: Persistent Systems Limited
www.persistent.com Persistent Systems Limited Quarter ending September 30, 2015 October 25, 2015 © 2015 Persistent Systems Ltd.
Slide 2: Forward-looking and Cautionary Statements
Forward-looking and Cautionary Statements 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 from those in such forward- looking statemen
Slide 3: Key Highlights
www.persistent.com Key Highlights
Slide 4: Key Highlights – Q2 FY16 Performance
Key Highlights –Q2 FY 16 Performance Revenue was USD 82.96 Million with growth of 5.5% QoQ and 8.7% YoY Revenue was Rs. 5,427M with growth of 8.5% QoQ and 16.9% YoY EBITDA was Rs. 1,018 Million with growth of 5.0% QoQ and 6.4% YoY Profit before Tax (PBT) was Rs. 964 Million with growth of 2.
Slide 5: Key Highlights
Key Highlights Accelerite launched Aepona to strengthen its Telecom service and expand into the growing field of Internet of Things after completing the acquisition of Aepona Holdings Limited. Hosted Pune’s first and biggest hackathon titled, ‘Digital Pune Hackathon 2015’ in association with i4C
Slide 6: Financial Performance
www.persistent.com Financial Performance
Slide 7: Sequential Q2 FY16 Vs. Q1 FY16
Sequential Q2 FY16 Vs. Q1 FY16 Change Exps / Sales % Particulars Q2FY16 Q1FY16 QoQ Q2FY16 Q1FY16 Revenue ($ M) Services 69.52 64.13 8.4% IP Led 13.44 14.48 -7.2% Revenue ($ M) 82.96 78.61 5.5% Avg. Exchange Rate Rs /US$ 65.42 63.66 2.8% Revenue (Rs. M) 5,427.31 5,004.16 8.5% Cost of Revenue Rs. M Rs
Slide 8: Y-o-Y comparison Q2 FY16 Vs. Q2 FY15
Y-o-Y comparison Q2 FY16 Vs. Q2 FY15 Change Exps / Sales % Particulars Q2FY16 Q2 FY15 YoY Q2FY16 Q2 FY15 Revenue ($ M) Services 69.52 61.40 13.2% IP Led 13.44 14.92 -9.9% Revenue ($ M) 82.96 76.32 8.7% Avg. Exchange Rate Rs /US$ 65.42 60.82 7.6% Revenue (Rs. M) 5,427.31 4,641.74 16.9% Cost of Revenu
Slide 9: Y-o-Y comparison H1 FY16 Vs. H1 FY15
Y-o-Y comparison H1 FY16 Vs. H1 FY15 Change Exps / Sales % Particulars H1FY16 H1FY15 QoQ H1FY16 H1FY15 Revenue ($ M) Services 133.65 119.55 11.8% IP Led 27.92 29.43 -5.1% Revenue ($ M) 161.57 148.98 8.5% Avg. Exchange Rate Rs /US$ 64.56 60.35 7.0% Revenue (Rs. M) 10,431.47 8,991.61 16.0% Cost of Rev
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet Rs. M Particulars As on September 30, 2015 As on March 31, 2015 As on September 30, 2014 Equity and Liabilities Equity Share Capital 800.00 800.00 400.00 Reserves and Surplus 14,613.07 13,255.29 13,084.64 Non-current liabilities 135.17 142.17 148.49 Current liabilities 2,6
Slide 11: Key Financials Ratios: Q2 FY16
Key Financials Ratios: Q2 FY16 Change Change Ratios % Q2 FY16 Q1 FY16 Q2 FY15 QoQ YoY Gross Margin 38.9% 39.7% -0.8% 40.2% -1.3% S&M to Revenue 9.9% 10.2% -0.3% 9.0% 0.9% G&A to Revenue 10.3% 10.2% 0.1% 10.6% -0.3% Total S G & A to Revenue 20.2% 20.4% -0.2% 19.6% 0.6% EBIDTA Margin 18.7% 19.4% -0.7%
Slide 12: Fact Sheet
www.persistent.com Fact Sheet
Slide 13: Fact Sheet: Revenue Mix by Offerings and Segments
Fact Sheet Nos./% Q2FY 16 Q1FY 16 Q4FY 15 Q3FY 15 Q2FY 15 FY 15 FY 14 Revenue from Operations, USD M 82.96 78.61 80.03 79.52 76.32 308.54 274.06 Revenue %, q-o-q/ y-o-y growth 5.5% -1.8% 0.6% 4.2% 5.0% 12.6% 15.2% Revenue from Operations, INR M 5,427.31 5,004.16 4,974.53 4,946.38 4,641.74 18,912.52
Slide 14: Fact Sheet (Contd…): Geography and Industry Classification
Fact Sheet (Contd…) % Q2FY 16 Q1FY 16 Q4FY 15 Q3FY 15 Q2FY 15 FY 15 FY 14 Revenue Mix Geography: North Americas 86.2% 84.4% 85.4% 84.7% 86.1% 85.5% 85.1% Europe 6.8% 6.3% 6.8% 7.1% 6.3% 6.7% 5.4% ROW 7.0% 9.3% 7.8% 8.2% 7.6% 7.8% 9.5% Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Nos. Q2FY
Slide 15: Fact Sheet (Contd…): Concentration
Fact Sheet (Contd…) Business % Q2FY 16 Q1FY 16 Q4FY 15 Q3FY 15 Q2FY 15 FY 15 FY 14 Repeat 86.2% 88.7% 85.6% 84.1% 83.6% 85.0% 83.3% Nos. Q2FY 16 Q1FY 16 Q4FY 15 Q3FY 15 Q2FY 15 FY 15 FY 14 Clients billed3 Services 311 277 268 273 281 383 365 IP Led 299 310 326 349 376 498 550 3 includes one time cli
Slide 16: Fact Sheet (Contd…): Billing Rates, Attrition, People Numbers
Fact Sheet (Contd…) Yield4 USD / PPM Q2FY 16 Q1FY 16 Q4FY 15 Q3FY 15 Q2FY 15 FY 15 FY 14 4,346 4,134 4,272 4,264 4,123 4,144 3,847 4 Yield is computed as a ratio of revenue to billable person months excluding employees under training. USD / PPM Q2FY 16 Q1FY 16 Q4FY 15 Q3FY 15 Q2FY 15 FY 15 FY 14 Bil
Slide 17: Fact Sheet (Contd…): Efforts Mix - Linear
Fact Sheet (Contd…) Nos. Q2FY 16 Q1FY 16 Q4FY 15 Q3FY 15 Q2FY 15 FY 15 FY 14 Billable Person Months 16,066 16,138 16,063 16,031 16,015 64,248 62,091 - Onsite 1,854 1,623 1,551 1,518 1,403 5,754 4,585 Efforts Mix - Linear - Offshore 14,212 14,515 14,512 14,513 14,612 58,493 57,506 Billed Person Month
Slide 18: Thank you
www.persistent.com Thank you