Slide 1: FY2009 1st Half financial results
For personal use only Integrated Research Limited FY2009 1st Half financial results ABN: 76 003 588 449 February 2009 Investor Presentation Precise performance monitoring for business-critical systems
Slide 2: Key Highlights
Key Highlights For personal use only • Improvement in financial performance against six months to 30 June 2008 • New licence revenue up 8% • Total revenue up 14% • PAT up 85% • Currency tailwind providing a benefit (A$1 = USD0.76 for first half vs USD0.87 in pcp) • Research & development providing s
Slide 3: Financial results: 1st half FY 2009
Financial results: 1st half FY 2009 Improvement in financial performance vs 6 months to 30 June For personal use only Half year ended Dec 2008 Jun 2008 Dec 2007 A$000’s A$000’s A$000’s Licence fees 8,774 8,149 11,474 Maintenance fees 9,616 8,122 8,222 Other 1,323 991 426 Total revenue 19,713 17,262
Slide 4: Historical first half trends
Historical first half trends Growth trending up over four years; HY2008 containing a few large deals For personal use only Half year ended Dec 2008 Dec 2007 Dec 2006 Dec 2005 A$000’s A$000’s A$000’s A$000’s Licence fees 8,774 11,474 7,494 7,008 Maintenance fees 9,616 8,222 8,187 7,535 Other 1,323 42
Slide 5: Historical first half trends
Historical first half trends A few large deals skewed into Dec 07; currency benefits Dec 08 half For personal use only Revenue 22,500 20,000 17,500 15,000 12,500 10,000 Licence fees 7,500 Maintenance fees 5,000 Other 2,500 Total revenue 0 Profit after Tax A$000’s A$000’s A$000’s A$000’s 4,500 4,000
Slide 6: R&D spending
R&D spending Gross spending driving tax benefits; capitalisation and amortisation similar for HY09 For personal use only 31 Dec 2008 31 Dec 2007 % change A$000’s A$000’s Gross spending 5,859 6,299 (7%) Development – Cap. 3,113 4,387 (29%) Capitalised % 53% 70% Amortised 3,112 2,689 16% Net Expense 5
Slide 7: Key Balance sheet items
Key Balance sheet items No debt; healthy cash balance derived from strong cashflow For personal use only 31 Dec 2008 30 Jun 2008 31 Dec 2007 A$000’s A$000’s A$000’s Cash at bank 11,175 11,148 8,739 Receivables 14,731 10,157 14,898 Development cap. 12,617 12,641 12,721 Deferred Revenue 12,377 9,293 1
Slide 8: Gross Revenue (billings) by Segment
Gross Revenue (billings) by Segment For personal use only By Geographic region: 31 Dec 2008 31 Dec 2007 % change $000’s $000’s Americas ($US) 9,454 11,482 (18%) Europe (GBP) 1,617 1,617 0% Asia Pacific ($A) 3,586 3,597 (0%) • A few large deals in FY08 for Asia Pac and America skewed first half resul
Slide 9: Looking Ahead
Looking Ahead For personal use only • Tight cost control in current climate • Focus on client retention and repeat sales • Cost-effective new business development through targeted campaigns. IPT focus • Grow consulting business Performance monitoring software for business-critical systems