Slide 1: Fiscal 2010 Unaudited Fourth Quarter & Full-Year Results
Agilysys, Inc. (Nasdaq: AGYS) Fiscal 2010 Unaudited Fourth Quarter & Full-Year Results June 3, 2010
Slide 2: Forward looking statements & non-GAAP financial information
Forward looking statements & non-GAAP financial information Forward-Looking Language This release contains certain management expectations, which may constitute forward-looking information within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities and Exchange Act
Slide 3: Q4 review: highlights
Q4 review: highlights Revenue decreased 12.6% from Q4 FY09 to $135.8M - weak demand impacted TSG in quarter Gross margin increased to 26.4% from 25.7% in prior year quarter on a higher proportion of proprietary services revenue and higher margin HSG and RSG revenue SG&A decreased $4.8M year-over-yea
Slide 4: Q4 review: consolidated results
Q4 review: consolidated results Revenue decreased 13%; hardware by 13%, software by 25% and services by 3% Gross margins increased 0.7% due to higher proprietary services mix and higher proportion revenue from HSG and RSG SG&A, excluding depr. & amort., decreased by $1.5M Other income in FY10 includ
Slide 5: Hospitality ("HSG")
Q4 review: Hospitality ("HSG") Revenue decreased 9% primarily due to softness in commercial gaming market Gross margin increased due to absence of miscellaneous cost of goods sold adjustments SG&A, excluding depr. & amort., increased by $0.2M Guest360TM capitalized costs were $1.1M in Q4 FY10 compar
Slide 6: Retail ("RSG")
Q4 review: Retail ("RSG") Revenue increased 26% primarily due to higher hardware sales Gross margin expanded as a result of improved hardware pricing and mix SG&A, excl. depr. & amort., decreased $0.4M - - bad debt expense decreased $0.5M RSG Segment Profit ($Mil.) Q4 Year-over-Year Commentary
Slide 7: Technology ("TSG")
Q4 review: Technology ("TSG") Revenue declined due to weak demand Gross margin contracted in quarter due to lower rebate margins and change in vendor pricing programs SG&A, excl. depr. & amort., decreased by $1.4M Acquisition-related intangible amortization decreased by $3.2M due to fully amortizing
Slide 8: Corporate
Q4 review: Corporate Cost of goods sold related to miscellaneous product pricing adjustments decreased $1.7M SG&A, excl. depr. & amort., increased $0.2M due primarily to $0.3M stock comp credit in FY09 compared to $0.3M expense in FY10 Adjusted EBITDA, excluding charges, increased $1.5M Corporate Se
Slide 9: FY10 review: consolidated results
FY10 review: consolidated results Revenue declined 12% HSG declined 17% RSG declined 9% TSG declined 12% Gross profit decreased $34.6M on declining revenue and margin pressure SG&A, excl. depr. & amort., decreased $21.7M due primarily to previously executed cost savings and lower variable compensati
Slide 10: FY10 review: summary balance sheet performance
FY10 review: summary balance sheet performance Cash at year-end was $65.5M - an increase of $29.3 million from 3/31/09 Days sales outstanding improved from 88 days at 3/31/09 to 69 days at 3/31/10 Capital expenditures were $3.6M for Q4 and $13.3M for FY10- majority of capital expenditures relate to
Slide 11: Quarterly revenue
Quarterly revenue HSG Revenue ($Mil.) TSG Revenue ($Mil.) Jun '08 Sep '08 Dec '08 Mar '09 Jun '09 Sep '09 Dec '09 Mar '10 Organic 38 29.3 34.8 20 24.4 24 37.7 25.3 RSG Revenue ($Mil.) AGYS Consolidated Revenue ($Mil.) Jun '08 Sep '08 Dec '08 Mar '09 Jun '09 Sep '09 Dec '09 Mar '10 Organic 25 23 28 2
Slide 12: FY11 positioning & guidance
FY11 positioning & guidance Well Positioned for FY11 Company eliminated significant costs in FY09 and FY10 Strong financial flexibility with over $65M in cash on hand and debt-free balance sheet Strategic investment in Guest360TM, HSG's new property management software, will start to provide new gro
Slide 13: Agilysys, Inc. Fiscal 2010 Unaudited Fourth Quarter & Full-Year Results
Agilysys, Inc. (Nasdaq: AGYS) Fiscal 2010 Unaudited Fourth Quarter & Full-Year Results June 3, 2010
Slide 14: Reconciliation of net income/(loss) to adjusted EBITDA
Reconciliation of net income/(loss) to adjusted EBITDA