Integrated Research Limited · ASX:IRI
Integrated Research — Shareholder Meeting (November 2008)
13 slides from Integrated Research's shareholder meeting presentation, Nov 11, 2008
Slide 1: 2008 Annual General Meeting
For personal use only Integrated Research Limited 2008 Annual General Meeting 11 November 2008 ABN: 76 003 588 449 Precise performance monitoring for business-critical systems
Slide 2: CEO Presentation
For personal use only CEO Presentation Mark Brayan Precise performance monitoring for business-critical systems
Slide 3: Overview
Overview For personal use only • Solid result in a difficult year • Net profit after tax up 6% on last year to $5.8m • New licence sales up 1% to $19.6m • Total revenue up 3% to $37.4m • Result impacted by • Higher $AUD • Slowdown in US economy • Substantial achievements • Major wins against global
Slide 4: Financial Results
Financial Results For personal use only 30 June 2008 30 June 2007 % change A$000’s A$000’s Licence fees 19,623 19,517 1% Maintenance fees 16,344 15,856 3% Other 1,417 1,004 41% Total revenue 37,384 36,377 3% R&D expenses 8,717 6,369 37% Sales & Marketing 17,114 18,923 (10%) General & Admin 4,345 4,1
Slide 5: Major Wins
Major Wins For personal use only • Financial Services • $1.2m and $700k wins directly against billion dollar competitors • Telecommunications • Wins in all regions • Managed Service Providers • Multiple new and add-on deals • Partners • Strategic focus • 68% IPT sales indirect Precise performance mo
Slide 6: Effect of Higher Rising $AUD
Effect of Higher Rising $AUD For personal use only • Movement in currency adversely impacted results • Removing effects of currency: • Revenue up 14% to $41.3m • NPAT up 42% to $7.7m 37,384 Precise performance monitoring for business-critical systems
Slide 7: Revenue by Region
Revenue by Region For personal use only (‘000) (‘000) • US scaling well • Europe and Asia mixed results • FY09: • US will be impacted by economy – benefit from declining $AUD • Europe and APAC profitable and ahead of budget YTD Precise performance monitoring for business-critical systems
Slide 8: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow For personal use only 30 June 2008 30 June 2007 A$000’s A$000’s Cash at bank 11,148 11,704 Receivables 10,157 11,300 Development cap. 12,641 11,365 Deferred revenue 9,293 10,741 Net assets 23,791 24,153 • No debt • Cashflow from Operating Activities was A$5.9m (2007: A$7.
Slide 9: R&D Investment
R&D Investment For personal use only 30 June 2008 30 June 2007 % change A$000’s A$000’s Gross spending 10,098 7,831 29% Development – Cap. 7,255 5,454 33% Capitalised % 72% 70% Amortised 5,874 3,992 47% Net expense 8,717 6,369 37% % of revenue 23% 18% • Major release of all products in FY08 • IPT: A
Slide 10: R&D Investment Paying Off
R&D Investment Paying Off For personal use only • Windows/UNIX and IPT revenue growing steadily • HP NonStop sales down slightly (9%) • Not adjusted for currency impact Precise performance monitoring for business-critical systems
Slide 11: Business and Strategy Review
Business and Strategy Review For personal use only • Markets for all products • HP NonStop slowing but still active • IPT and Payment Switches are growth areas • Demand for value-added services • Consulting, training and enhanced support • Opportunities for business solutions • Real-time management
Slide 12: Focus Areas for FY09
Focus Areas for FY09 For personal use only • Improve capabilities • Scale go-to-market through solution providers • Increase cross-selling • Grow professional services • Risk management • Exercise caution in current environment Precise performance monitoring for business-critical systems
Slide 13: Summary
Summary For personal use only • Solid year • Growth despite rising $AUD • Opportunities for IR • Performance monitoring • Value-added services • Real-time management of business processes • Focus for 09 • Capabilities • Risk Management Precise performance monitoring for business-critical systems
Integrated Research — Shareholder Meeting (November 2008) on 6ix