eClerx Services Limited · NSE:ECLERX
eClerx Services — Q3 FY2008 Earnings Presentation
7 slides from eClerx Services's earnings presentation, January 2008
Slide 1: Financial Performance Q3 2008
Financial Performance Q3 2008 1 www.eClerx.com January 2008
Slide 2: Consolidated P&L
Consolidated P&L Figures in INR millions Income Statement FY 2006-07 H1 Sept ‘07 Q3 Dec ‘07 9m Dec ‘07 Operating Revenue 861.2 513.6 331.0 844.6 Cost of Revenues Employee Cost 245.5 215.3 135.1 350.4 General Administration and Management 165.8 74.6 35.9 110.5 Selling and Distribution 19.5 20.5 19.9
Slide 3: Cost Analysis
Cost Analysis Figures in INR millions Operating Cost FY 2006-07 6m Sept ‘07 Q3 Dec ‘07 9m Dec ‘07 % of OPR % of OPR % of OPR % of OPR Employee Cost 333.0 * 38.7% 215.3 41.9% 135.1 40.8% 350.4 41.5% General Administration and Management Electricty 12.0 1.4% 11.4 2.2% 6.2 1.9% 17.6 2.1% Rent 22.4 2.6%
Slide 4: Cost Analysis
Cost Analysis FY 2006-07 9m Dec ‘07 Flux 9m ‘08 Flux as % of Operating Cost Notes % of OPR % of OPR and Fiscal ‘07 Fiscal ‘07 Employee Cost 38.7% 41.5% 2.8% 7.3% General Administration and Management Electricity 1.4% 2.1% 0.7% 48.9% 1 Rent 2.6% 3.1% 0.5% 19.0% 2 Telephone and Internet 1.5% 2.1% 0.6%
Slide 5: Financials Analysis
Financials Analysis Significant improvement in pre tax margin – from 37.5% to 40.7% in Q3 Improved price realizations in new contracts Better operational efficiencies EPS @ 7.50 for the quarter and 17.70 for the 9 month period Igentica business has started to contribute Comprised 5% of consolidated
Slide 6: Business Update
Business Update Clients Total active service agreements now 55 vs 22 FY07; 28 obtained through ITS acquisition 50 of these billed against in Q3 Top 5 customers constituted 83.7% of consolidated revenue in Q3, against 87.8% for FY07 6 customers billed at over $1mm annualized in Q3 ITS Acquisition Int
Slide 7: Staff Update
Staff Update 1422 1289 1021 620 353 FY 05 FY06 FY 07 H1 FY 08 Q3 FY 08 Employee Base % of Support Staff: 16% 37.0% 36.9% 35.0% 31.1% 29.6% FY 05 FY06 FY 07 H1 FY 08* Q3 FY 08* Attrition % Annualized Attrition for Q3 FY08: 35% 7 www.eClerx.com January 2008