Avaya — Q2 2013 Earnings Presentation
8 slides from Avaya's earnings presentation, May 9, 2013
Slide 1: Avaya Q2 2013 Earnings Call
The Power of We™ Avaya Q2 2013 Earnings Call May 9, 2013
Slide 2: Forward-Looking Statements
Forward - Looking Statements Certain statements contained in this presentation are forward-looking statements, including statements regarding our future financial and operating performance, as well as statements regarding our future growth plans and drivers. These statements may be identified by the
Slide 3: Fiscal Q2 2013 Financial Highlights
Fiscal Q2 2013 Financial Highlights (Amounts other than Revenue and Cash Balance are non-GAAP unless specified) Revenue of $1.12 billion declined 9.8% over the prior quarter – Revenue decrease comprised of: – Product revenue a 16.2% decline; Service revenue a 3.3% decline Gross margin declined o
Slide 4: Income Statement
Income Statement (Amounts non-GAAP (other than Revenue) and dollars in millions) FQ2 2013 FQ1 2013 FQ2 2012 Revenue $1,118 $1,240 $1,257 Gross Margin 53.7% 55.6% 52.8% Operating Margin 10.1% 15.6% 11.0% Adjusted EBITDA $172 $251 $200 * For reconciliation of adjusted EBITDA for the first quarter of 2
Slide 5: Revenue by Geographic Region
Revenue by Geographic Region (Amounts GAAP and dollars in millions) FQ2 2013 FQ1 2013 FQ2 2012 Revenue U.S. $592 $670 $678 EMEA $298 $331 $327 APAC $116 $123 $117 AI $112 $116 $135 Total $1,118 $1,240 $1,257 % of Total Revenue U.S. 53.0% 54.0% 53.9% EMEA 26.7% 26.7% 26.0% APAC 10.3% 9.9% 9.3% AI 10.
Slide 6: Balance Sheet and Operating Metrics
Balance Sheet and Operating Metrics (Dollars in millions, Balance sheet items as of the end of the period indicated) FQ2 2013 FQ1 2013 FQ2 2012 Total Cash and Cash $302 $285 $355 Equivalents Cash from Operations $82 $6 $41 Capital Expenditures and $27 $30 $31 Capitalized Software Days Sales Outstand
Slide 7: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation Avaya Inc. S upplemental S chedule of Non-GAAP Adjusted EBITDA (Unaudited; in millions) For the three months ended For the six months ended March 31, March 31, 2013 2012 2013 2012 Net loss $ (192) $ (162) $ (277) $ (188) Interest expense 116 108 224 217 Interest income
Slide 8: Non-GAAP Reconciliation
Non-GAAP Reconciliation Avaya Inc. S upplemental S chedules of Non-GAAP Reconciliations (Unaudited; in millions) For the Three Months Ended Mar. 31, June 30 S ept. 30, Dec. 31 Mar. 31 2012 2012 2012 2012 2013 Reconciliation of Non-GAAP Gross Profit and Non-GAAP Gross Margin GAAP Gross Profit $ 613 $