Coforge Limited · NSE:COFORGE
Coforge — NIIT Technologies — Q2 FY2018 Earnings Presentation
15 slides from Coforge's earnings presentation, Oct 18, 2017
Slide 1: Financial Performance – Q2FY18
Financial Performance – Q2FY18 Oct 18, 2017 1 © 2017 NIIT Technologies | www.niit-tech.com © 2017 NIIT Technologies | www.niit-tech.com
Slide 2: Agenda
Agenda Financial Highlights Business Update Financial Statements • Income Statement • Balance Sheet Business Analysis Shareholding Pattern 2 © 2017 NIIT Technologies | www.niit-tech.com
Slide 3: Financial Highlights – Q2FY18
Financial Highlights – Q2FY18 Consolidated Revenues at INR 7,372 Mn • Up 4.0% QoQ, Up 6.4% YoY Operating profits at INR 1,191 Mn • Up 7.5% QoQ, Up 4.1% YoY • Operating Margins at 16.2%, Up 53 bps QoQ, Down 36 bps YoY • Operating Margins at 16.6% on constant currency Net Profits at INR 672 Mn • Up 31
Slide 4: Business Highlights for Q2FY18
Business Highlights for Q2FY18 BFSI up 5.6% QoQ, Contributes 42% (LQ 42%) Growth in top accounts in US and NITL 2 New accounts added Travel & Transport down 4.8% QoQ, Contributes 27% (LQ 29%) Decline in EMEA due to ramp down in a key client 1 New account added Manufacturing/Media & Oth
Slide 5: Acknowledgements during the Quarter
Acknowledgements during the Quarter • NIIT Technologies has been positioned as a Major Contender and a Star Performer in Everest Group’s "IT Application Outsourcing in Insurance PEAK MatrixTM 2017” • NIIT technologies featured in HfS 2017 AI-Powered OneOffice Premier League • NIIT Technologies cover
Slide 6: Consolidated Qtrly Income Statement
Consolidated Qtrly Income Statement QoQ% Particulars (INR Mn) Q2FY18 Q1FY18 Q2FY17 YoY% Gross Revenues 7,372 7,089 4.0% 6,929 6.4% Direct Cost 4,791 4,577 4.7% 4,481 6.9% Gross Profit 2,582 2,512 2.8% 2,448 5.5% GM% 35.0% 35.4% -42 Bps 35.3% -31 Bps Selling / General And Administration 1,391 1,404 -
Slide 7: Balance Sheet
Balance Sheet INR Mn. As at Sep As at June As at Sep As at June Particulars Particulars 30 2017 30 2017 30 2017 30 2017 Equity 614 614 Fixed Assets 4,547 4,678 Reserves & Surplus 16,130 16,094 Capital Work in Progress 22 17 Intangible Assets 4,474 4,548 NET Worth 16,744 16,708 Current Assets Cash an
Slide 8: Geography Mix
Geography Mix Q1 FY'18 Q2 FY'18 RoW RoW 19% 21% America America 49% 50% EMEA EMEA 32% 29% • Strong growth in USA on account of ramp up in top accounts in BFSI and ramp up of digital engagements • Strong growth in APAC due to new projects in existing clients and new logos • Strong growth in India on
Slide 9: Vertical Mix
Vertical Mix Q1FY18 Q2FY18 Mfg, Med & Oth Mfg, Med & Oth 29% BFSI 31% BFSI 42% 42% Travel & Transportatio n Travel & 29% Transportation 27% • Growth in BFSI due to continued ramp up in US top clients and NITL • Growth in Mfg, Med & Others led by Digital engagements in US • Decline in T&T due to ramp
Slide 10: Service Mix
Service Mix IP Based Q1 FY18 IP Based Q2 FY18 6% 7% IMS 18% IMS 18% ADM 64% BPO 5% ADM 66% BPO 4% I SI & PI 5% SI & PI 6% Q2 FY18 • Lower ADM share reflects ramp down in EMEA • Expansion in IP led services due to growth in NITL • Increase in SI & PI due to execution of new projects • Digital revenue
Slide 11: Order Intake
Order Intake Order Intake ($ Mn) 140 122 120 112 110 101 100 80 60 40 20 - Q3 FY17 Q4 FY17 Q1 FY18 Q2 FY18 Q3 FY17 Q4 FY17 Q1 FY18 Q2 FY18 • 7 new customers added: 2 in US, 2 in EMEA and 3 in APAC • $122 Mn order intake in the quarter leading to $ 320 Mn of firm business executable over next 12 mont
Slide 12: Top Client Mix
Top Client Mix 42% 43% Others 58% 57% Top 20 To be Updated Top 10 45% 43% Top 5 33% 31% Q1'18 Q2'18 MM $ Clients 72 74 12 © 2017 NIIT Technologies | www.niit-tech.com
Slide 13: People Resources
People Resources People Data 8,853 8,963 9,022 8,809 Dec'16 Mar'17 Jun'17 Sep'17 Net Additions -59 44 110 59 Attrition% 12.58% 12.72% 12.12 % 11.36% Utilization 80.00% 81.00% 81.20% 79.50% 13 © 2017 NIIT Technologies | www.niit-tech.com
Slide 14: Shareholding Pattern
Shareholding Pattern 19% 19% 18% 16% 15% 31% Others 31% 31% 31% 31% Promoters Banks/MF/FI's 20% 18% FIIs 20% 21% 22% 33% 36% 30% 29% 29% Sep'16 Dec'16 Mar'17 Jun'17 Sep'17 14 © 2017 NIIT Technologies | www.niit-tech.com
Slide 15: Thank You
Thank You 15 © 2017 NIIT Technologies | www.niit-tech.com © 2017 NIIT Technologies | www.niit-tech.com