Coforge Limited · NSE:COFORGE
Coforge — NIIT Technologies — Q4 FY2015 Earnings Presentation
17 slides from Coforge's earnings presentation, May 5, 2015
Slide 1: Financial Performance – Q4FY15
NIIT Technologies Financial Performance – Q4FY15 May 5, 2015 © 2015, NIIT Technologies Limited
Slide 2: Outline
Outline Financial Highlights • Q4FY15 • FY15 Business Update Financial Statements • Income Statement • Balance Sheet Business Analysis © 2015, NIIT Technologies Limited
Slide 3: Financial Highlights – Q4FY15
Financial Highlights – Q4FY15 Consolidated Revenues at Rs 6,112 Mn – Up 3.9% YoY, 2.7% QoQ – Constant currency revenues up by 3.3% QoQ Operating profits at Rs 997 Mn – Up 15.6% QoQ, 12.0 % YoY – Operating Margins at 16.3%, up 183 bps QoQ, 119 bps YoY Net Loss at INR 175 Mn – Exceptional expens
Slide 4: Financial Highlights - FY15
Financial Highlights - FY15 Consolidated Revenues at Rs 23,725 Mn • Up 2.9% YoY Operating profits at Rs 3,457 Mn • Down 1.7% YoY • Operating Margins at 14.6%, Down 68 bps Net Profits at Rs 1,141 Mn • Down 50.5% YoY • Net Margins at 4.8% (LY 10.0%) • EPS at Rs 18.7 (LY 38.1) Order intake of $
Slide 5: Business Highlights for Q4FY15
Business Highlights for Q4FY15 • BFSI up 4.8% QoQ, Contributes 33% (LQ 32%) Ramp up in new accounts acquired in previous quarters 3 New clients added • Transport down 1.4% QoQ, Contributes 38% (LQ 40%) Lower revenues in Europe 5 airports gone live for AAI 1 new client added • Manufacturing
Slide 6: Acknowledgements during the Quarter
Acknowledgements during the Quarter • The Company listed in Computerworld's 100 Best Places to Work in IT for 2015 • Conferred with the Golden Globe Tigers award in Excellence & leadership in training & development for best results based training • Recognized as Leader by International Association o
Slide 7: Consolidated Qtrly Income Statement
Consolidated Qtrly Income Statement Particulars (INR Mn) Q4FY15 Q3FY15 QoQ% Q4FY14 YoY% Gross Revenues 6,112 5,953 2.7% 5,885 3.9% Direct Cost 3,933 3,925 0.2% 3,846 2.3% Gross Profit 2,179 2,028 7.5% 2,039 6.9% GM% 35.7% 34.1% 159 Bps 34.6% 100 Bps Selling / General A nd A dministration 1,182 1,166
Slide 8: Annual Income Statement
Annual Income Statement Particulars (Amount in INR Mn) FY 15 FY 14 YoY% Gross Revenues 23,725 23,050 2.9% Direct Cost 15,655 15,167 3.2% Gross Profit 8,070 7,883 2.4% GM% 34.0% 34.2% -19 Bps Selling / General And Administration 4,613 4,368 5.6% SG&A to Revenue % 19.4% 18.9% 49 Bps Operating Profit 3
Slide 9: Balance Sheet
Balance Sheet INR Mn. As at Mar As at Dec As at Mar As at Mar As at Dec As at Mar Particulars Particulars 31 2015 31 2014 31 2014 31 2015 31 2014 31 2014 Equity 610 610 607 Net Block 5,579 5,572 4,534 Reserves & Surplus 12,964 13,971 12,632 Capital Work in Progress 1,203 1,030 1,286 Current Assets N
Slide 10: Geography Mix
Geography Mix FY'15 RoW 20% Q4 FY'15 America 44% EMEA 36% RoW 21% America 44% EMEA 35% FY15 Q4FY15 • Growth in USA • Growth in USA and RoW • Marginal growth in EMEA • Marginal growth in EMEA • Decline in RoW © 2015, NIIT Technologies Limited
Slide 11: Vertical Mix
Vertical Mix FY'15 Others 15% Govt. BFSI 5% 33% FY'14 Mfg & Dist. Q4 FY'15 7% Others Others 15% 14% Transporta tion Govt. BFSI Govt. 33% BFSI 40% 6% 8% 34% Mfg & Dist. Mfg & Dist. 7% 8% Transportat ion 37% Transportat ion 38% FY15 Q4FY15 • Growth in TTL • Strong growth in BFSI & Govt • Marginal grow
Slide 12: Service Mix
Service Mix FY'15 IP Based 9% IMS 17% ADM 61% BPO 3% FY'14 SI & PI 7% Non-Linear Q4FY15 BPO 3% IP IP Based Based IMS 9% 9% Non-Linear 13% BPO 3% IMS 18% BPO ADM 59% 2% SI & PI ADM BPO 3% 10% 63% Non-Linear SI & PI 9% BPO 2% FY15 • Strong growth in MS Q4FY15: • Growth in IP based services • Growth in
Slide 13: Order Intake
Order Intake Order Intake ($ Mn) 140 124 120 109 103 100 89 80 60 40 20 - Q1 FY15 Q2 FY15 Q3FY15 Q4 FY15 Order Intake • 5 new customers added: 3 in Insurance, 1 in Travel and 1 in Manufacturing • $89 Mn order intake in the quarter leading to $295 Mn of firm business executable over next 12 months •
Slide 14: Top Client Mix
Top Client Mix 38% 39% Others 62% 61% Top 20 Top 10 47% 46% Top 5 34% 34% Q3'15 Q4'15 MM $ Clients 64 66 © 2015, NIIT Technologies Limited
Slide 15: People Resources
People Resources People Data 8494 8282 8288 8290 8059 Mar'14 Jun'14 Sep'14 Dec'14 Mar'15 Mar'14 Jun'14 Sep'14 Dec'14 Mar'15 People Data 8290 8282 8288 8059 8494 Net Additions 130 -8 6 -229 435 Attrition% 14.37% 15.40% 15.83% 15.83% 15.75% Utilization 77.30% 78.03% 78.60% 78.80% 79.00% © 2015, NIIT T
Slide 16: Shareholding Pattern
Shareholding Pattern 20% 19% 18% 18% 18% Others 31% 31% 31% 31% 31% Promoters Banks/MF/FI's FIIs 16% 15% 15% 16% 18% 33% 35% 36% 35% 33% Mar'14 Jun'14 Sep'14 Dec'14 Mar'15 © 2015, NIIT Technologies Limited
Slide 17: Thank You
Thank You NIIT ‘technologies