Persistent Systems Limited · NSE:PERSISTENT
Persistent Systems — Q4 FY2014 Earnings Presentation
21 slides from Persistent Systems's earnings presentation, Apr 19, 2014
Slide 1: Persistent Systems Limited
www.persistentsys.com Persistent Systems Limited Quarter ending March 31, 2014 April 19, 2014 © 2014 Persistent Systems Ltd.
Slide 2: Forward-looking and Cautionary Statements
Forward-looking and Cautionary Statements Certain statements in this Presentation concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statement
Slide 3: Key Highlights
www.persistentsys.com Key Highlights
Slide 4: Key Highlights – Q4 FY14 Performance
Key Highlights – Q4 FY 14 Performance Revenue was USD 72.64 Million, representing a Y-o-Y growth of 17.0% and Q-o-Q growth of 3.9%. Revenue was INR 4,467.37 Million, representing a Y-o-Y growth of 33.8% and Q-o-Q growth of 3.2%. EBIDTA was INR 1,206.53 Million, representing a Y-o-Y growth of 4
Slide 5: Key Highlights – FY 2014
Key Highlights – FY 2014 Revenue was USD 274.06 Million as against US$ 237.82 Million for FY 2013, representing a growth of 15.2%. Revenue was INR 16,691.53 Million as against INR 12,945.12 Million for FY 2013, representing a growth of 28.9%. EBIDTA was INR 4,302.78 Million as against INR 3,35
Slide 6: Key Highlights
Key Highlights Announced creation of its Silicon Valley-based Accelerite, business unit which will take a portfolio of Persistent’s products and related solutions to market Acquired CloudSquads, a company specialized in Social Community Platform offerings. Invested in Hyginex, a hand hygiene t
Slide 7: Financial Performance
www.persistentsys.com Financial Performance
Slide 8: Sequential Q4 FY14 Vs. Q3 FY14
Sequential Q4 FY14 Vs. Q3 FY14 Particulars Change Exps / Sales % Q4FY14 Q3FY14 QoQ Q4FY14 Q3FY14 Revenue (USD M) Services 58.38 57.48 1.6% IP Led 14.26 12.46 14.4% Revenue (USD M) 72.64 69.94 3.9% Avg. Exchange Rate INR/USD 61.50 61.88 -0.6% Revenue (INR M) 4,467.37 4,327.57 3.2% Cost of Revenue Rs.
Slide 9: Y-o-Y Q4 FY14 Vs. Q4 FY13
Y-o-Y Q4 FY14 Vs. Q4 FY13 Change Exps / Sales % Particulars Q4FY14 Q4 FY13 YoY Q4FY14 Q4 FY13 Revenue (USD M) Services 58.38 52.27 11.7% IP Led 14.26 9.84 44.9% Revenue (USD M) 72.64 62.11 17.0% Avg. Exchange Rate INR/USD 61.50 53.77 14.4% Revenue (INR M) 4,467.37 3,339.59 33.8% Cost of Revenue Rs.
Slide 10: Performance of FY 2014 Vs. FY 2013
Performance of FY 2014 Vs. FY 2013 Exps / Sales % Particulars FY 2014 FY 2013 Change FY 2014 FY 2013 Revenue (USD M) Services 224.73 196.85 14.2% IP Led 49.33 40.97 20.4% Revenue ( USD M) 274.06 237.82 15.2% Avg. Exchange Rate INR /USD 60.90 54.43 11.9% Revenue (INR M) 16,691.53 12,945.12 28.9% Cost
Slide 11: Consolidated Balance Sheet
Consolidated Balance Sheet INR M As at March 31, As at March 31, 2014 2013 Equity and Liabilities Equity Share Capital 400.00 400.00 Reserves & Surplus 11,823.44 9,782.55 Non-Current Liabilities 425.69 653.46 Current Liabilities 2,784.71 1,835.27 Total sources of Funds 15,433.84 12,671.28 Assets Fix
Slide 12: Key Financials Ratios: Q4 FY14
Key Financials Ratios: Q4 FY14 Change Change Ratios, % Q4 FY14 Q3 FY14 Q4 FY13 QoQ YoY Gross Margin 42.8% 43.9% -1.1% 42.7% 0.1% S&M to Revenue 7.6% 8.1% -0.5% 7.8% -0.2% G&A to Revenue 8.2% 8.0% 0.2% 9.9% -1.7% Total S G&A to Revenue 15.8% 16.1% -0.3% 17.7% -1.9% EBIDTA Margin 27.0% 27.8% -0.8% 25.
Slide 13: Fact Sheet
www.persistentsys.com Fact Sheet
Slide 14: Fact Sheet: Revenue, Offerings and Segments
Fact Sheet Q4 FY 14 Q3 FY 14 Q2 FY 14 Q1 FY 14 Q4 FY 13 FY 14 FY 13 Revenue USD M 72.64 69.94 68.45 63.03 62.11 274.06 237.82 Revenue %, q-o-q/ y-o-y growth 3.9% 2.2% 8.6% 1.5% 2.2% 15.2% 14.7% Revenue INR M 4,467.37 4,327.57 4,323.71 3,572.88 3,339.59 12,945.12 16,691.53 %, q-o-q / y-o-y 3.2% 0.1%
Slide 15: Fact Sheet (Contd…): Geography and Effort Mix
Fact Sheet (Contd…) % Q4 FY 14 Q3 FY 14 Q2 FY 14 Q1 FY 14 Q4 FY 13 FY 14 FY 13 Revenue Mix Geography: North Americas 85.4% 83.1% 84.6% 87.6% 85.1% 85.1% 84.8% Europe 6.1% 6.0% 4.4% 4.8% 5.7% 5.4% 6.5% ROW 8.5% 10.9% 11.0% 7.6% 9.2% 9.5% 8.7% Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Ons
Slide 16: Fact Sheet (Contd…): Clients and Concentration
Fact Sheet (Contd…) Clients billed1 Nos. Q4 FY 14 Q3 FY 14 Q2 FY 14 Q1 FY 14 Q4 FY 13 FY 14 FY 13 Services 261 253 243 253 279 365 406 IP Led 358 380 388 387 418 550 510 1 includes one time clients with overlap across business offerings Concentration % Q4 FY 14 Q3 FY 14 Q2 FY 14 Q1 FY 14 Q4 FY 13 FY
Slide 17: Fact Sheet (Contd…): Yield, Billing Rates, Attrition
Fact Sheet (Contd…) Yield2 USD / PPM Q4 FY 14 Q3 FY 14 Q2 FY 14 Q1 FY 14 Q4 FY 13 FY 14 FY 13 3,927 3,934 3,919 3,602 3,769 3,847 3,686 2 Yield is computed as a ratio of revenue to billable person months excluding employees under training. USD / PPM Q4 FY 14 Q3 FY 14 Q2 FY 14 Q1 FY 14 Q4 FY 13 FY 14
Slide 18: Fact Sheet (Contd…): People Numbers and DSO
Fact Sheet (Contd…) Nos. Q4 FY 14 Q3 FY 14 Q2 FY 14 Q1 FY 14 Q4 FY 13 FY 14 FY 13 Technical 7,349 7,109 6,982 6,689 6,540 7,349 6,540 People Numbers Sales & Business Development 150 139 128 119 99 150 99 Others 358 354 347 336 331 358 331 Total 7,857 7,602 7,457 7,144 6,970 7,857 6,970 Nos. Q4 FY 14
Slide 19: Fact Sheet (Contd…): Efforts Mix - Linear
Fact Sheet (Contd…) Nos. Q4 FY 14 Q3 FY 14 Q2 FY 14 Q1 FY 14 Q4 FY 13 FY 14 FY 13 Billable Person Months 16,155 15,517 15,258 15,161 14,212 62,091 55,541 - Onsite 1,246 1,152 1,106 1,081 967 4,585 3,718 Efforts Mix - Linear - Offshore 14,909 14,365 14,152 14,080 13,245 57,506 51,823 Billed Person Mo
Slide 20: Thank you
www.persistentsys.com Thank you
Slide 21: Persistent owned facilities
Persistent owned facilities Bhageerath Aryabhata–Pingala Panini Senapati Bapat Road, Pune Karve Road, Pune Senapati Bapat Road, Pune Goa Rigveda-Yajurveda-Samaveda-Atharvaveda Gargi-Maitreyi Verna, Goa Hinjawadi, Pune MIDC, Parsodi, Nagpur 21