Avaya — Q3 2013 Earnings Presentation
8 slides from Avaya's earnings presentation, Aug 8, 2013
Slide 1: Avaya Q3 2013 Earnings Call
The Power of We™ Avaya Q3 2013 Earnings Call Aug 8, 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 Q3 2013 Financial Highlights
Fiscal Q3 2013 Financial Highlights (Amounts other than Revenue and Cash Balance are non-GAAP unless specified) Revenue of $1.15 billion increased 2.9% over the prior quarter – Revenue increase comprised of: – Product revenue a 5.9% increase; Service revenue a 0.2% increase – Product Book-to-Bill
Slide 4: Income Statement
Income Statement (Amounts non-GAAP (other than Revenue) and dollars in millions) FQ3 2013 FQ2 2013 FQ3 2012 Revenue $1,150 $1,118 $1,250 Gross Margin 56.0% 53.7% 53.9% Operating Margin 14.9% 10.1% 12.7% Adjusted EBITDA $225 $172 $225 * For reconciliation of adjusted EBITDA for the second quarter of
Slide 5: Revenue by Geographic Region
Revenue by Geographic Region (Amounts GAAP and dollars in millions) FQ3 2013 FQ2 2013 FQ3 2012 Revenue U.S. $639 $592 $666 EMEA $297 $298 $330 APAC $105 $116 $128 AI $109 $112 $126 Total $1,150 $1,118 $1,250 % of Total Revenue U.S. 55.6% 53.0% 53.3% EMEA 25.8% 26.7% 26.4% APAC 9.1% 10.3% 10.2% AI 9.
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) FQ3 2013 FQ2 2013 FQ3 2012 Total Cash and Cash $271 $302 $271 Equivalents Cash from Operations $11 $82 ($91) Capital Expenditures and $33 $27 $33 Capitalized Software Days Sales Outst
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 nine months ended June 30, June 30, 2013 2012 2013 2012 Net loss $ (110) $ (166) $ (387) $ (354) Interest expense 122 107 346 324 Interest income
Slide 8: Non-GAAP Reconciliation
Non-GAAP Reconciliation Avaya Inc. S upplemental S chedules of Non-GAAP Reconciliations (Unaudited; in millions) June 30, S ept. 30, Dec. 31, Mar. 31, June 30, 2012 2012 2012 2013 2013 Reconciliation of Non-GAAP Gross Profit and Non-GAAP Gross Margin GAAP Gross Profit $ 623 $ 646 $ 666 $ 586 $ 627 G