Aptitude Software Group Plc · LSE:APTD
Aptitude Software — Microgen — H1 2012 Earnings Presentation
17 slides from Aptitude Software's earnings presentation, Jul 23, 2012
Slide 1: microgen plc Interim Results for the six months ended 30 June 2012
microgen plc Interim Results for the six months ended 30 June 2012 Martyn Ratcliffe Chairman David Sherriff Chief Executive Officer Philip Wood Group Finance Director To be read in conjunction with the interim results 23 July 2012 announcement released on 23 July 2012
Slide 2: Group Structure
Group Structure Microgen plc Microgen Aptitude Financial Systems Solutions Division Division • Microgen Aptitude Software Back Office Processing Systems and Solutions • Wealth Management • Microgen Accounting Hub • Asset Management • Royalty and Rights Management • Banking / Payments • Financial Dat
Slide 3: Group Interim Results 2012
Group Interim Results 2012 • The Board is pleased to report a very satisfactory performance in difficult market conditions with results in line with first half market expectations. Current economic climate is impacting consultancy deployment & extending new business sales cycles • Revenue of £17.0m
Slide 4: Group Income Statement
Group Income Statement Six months Six months Year ended ended ended 31 30 June 30 June December 2012 2011 2011 £000 £000 £000 Revenue Microgen Aptitude Solutions Division 9,038 10,763 21,799 Financial Systems Division 8,011 8,251 16,977 Total revenue 17,049 19,014 38,776 Operating costs (excl. Group
Slide 5: Revenue and Operating Margin
Group Revenue and Operating Margin • Current economic climate impacting consultancy deployment and extending new business sales cycles particularly within the Microgen Aptitude Solutions Division • Group revenue in line with H1 2012 market expectations of £17.0m (H1, 2011: £19.0m) • Recurring revenu
Slide 6: Microgen Aptitude Solutions Division
Microgen Aptitude Solutions Division • Services revenue from existing clients impacted by budgetary pressures • Licence extensions from client base contribute to 33% increase in recurring revenue • Achieved preferred supplier status in a number of prospects but final sales stages extending • Board e
Slide 7: Microgen Aptitude: A Comprehensive Application Platform
Microgen Aptitude A Comprehensive Application Platform Microgen Aptitude is a complete In-Memory processing Application Platform built on a single code set. Accelerates the design, implementation and control of mission-critical business applications. BUSINESS PROCESS BUSINESS ACTIVITY MANAGEMENT (BP
Slide 8: Microgen Aptitude V4: From Graphical to 3D
Microgen Aptitude V4 From Graphical to 3D The 3D Project Explorer provides an holistic view of an entire project, including component relationships, dependencies and data flow to greatly improve solution design, development and change management processes thus strengthening communication between the
Slide 9: Microgen Aptitude 3D Navigator Environment
Microgen Aptitude 3D Navigator Environment 9
Slide 10: Processing Performance Leadership
Microgen Aptitude Processing Performance Leadership • Microgen recently ran Microgen Aptitude and Microgen Accounting Hub performance tests at an independent testing centre achieving 7 Transactions per hour Billion transactions per hour using in- memory processing • Further tests, achieved throughpu
Slide 11: Financial Systems Division
Financial Systems Division • Revenue of £8.0m (H1, 2011 : £8.3m) • Operating margins increased to 50% (H1, 2011 : 46%) • High recurring revenue levels together with diverse client base 10 100% Operating Margin excl. intangible amortisation 9 90% 8 80% 7 70% Revenue (£ million) 6 60% 5 50% 4 40% 3 30
Slide 12: Financial Systems Division H1 2012 Revenue Analysis
Financial Systems Division H1 2012 Revenue Analysis Revenue £1.1m (H1, 2011: £1.1m) Non-core. Anticipated to decline Revenue £3.7m (H1, 2011 £3.5m) from 2013 Continued uptake of 5Series suite of products and continued funded 13% product enhancements for more mature products Revenue £2.1m (H1, 2011:
Slide 13: Summary
Summary • Satisfactory performance in difficult market conditions with results in line with first half expectations • Microgen Aptitude Solutions Division consultancy revenue has been impacted by budgetary pressures at existing clients • Microgen Aptitude Solutions Division continues to achieve pref
Slide 14: Appendix
Appendix
Slide 15: Balance Sheet
Group Balance Sheet As at As at As at 30 June 2012 30 June 2011 31 Dec 2011 ASSETS £’000 £’000 £’000 Non-current assets Goodwill 41,774 41,774 41,774 Intangible assets 59 177 118 Property, plant and equipment 5,451 5,512 5,521 Deferred income tax asset 1,311 1,384 1,324 48,595 48,847 48,737 Current
Slide 16: Cash Flow
Group Cash Flow Six months Six months Year ended ended ended 30 June 2012 30 June 2011 31 Dec 2011 £’000 £’000 £’000 Cash flows from operating activities Cash generated from operations 2,901 4,448 12,542 Interest paid - (40) (156) Tax paid (827) (691) (1,758) Net cash generated from operating activi
Slide 17: microgen
microgen www.microgen.com