Transcript Helios & Matheson

safe harbor
this presentation includes statements that are not historical in nature and that may be
characterized as "forward-looking statements," including those related to future
financial and operating results, benefits and synergies of the company's brands and
strategies, future opportunities and the growth of the healthcare insurance market.
you
should be aware that helios and matheson's actual results could differ materially from
those contained in the forward-looking statements, which are based on current
expectations of the helios and matheson management and are subject to a number of risks
and uncertainties, including, but not limited to, helios and matheson's ability to
integrate acquired operations and employees.
these and other factors are described in
helios and matheson's most recent annual report.
the company does not undertake to
update any forward-looking statement that may be made from time to time by or on behalf
of the company.
helios and matheson
highlights for the quarter ended june 30, 2013 (q3 fy 2013)
• revenue for q3 fy 2013 stood at Rs. 1703.4 mn, a y-o-y growth of 47.7% and q-o-q growth of 10.1%
(40.7% y-o-y in USD terms)
• EBITDA for the quarter stood at Rs. 386.4 mn, registering a growth of 48.7% y-o-y, while EBITDA
margins were improved from 22.5% to 22.7%
• net profit stood at Rs.130.3 mn, a y-o-y growth of 63%, and q-o-q growth of 11.8% (55.2% y-o-y in
USD terms)
• the company witnessed positive business traction from banking financial services (37.9%) and health
care (23.8%) sectors together contributing 61.7% of total revenues
• top 10 clients contributed 48.8% of revenue in q3 fy 2013.
• gross addition of 218 associates, closing headcount: 3,523
• utilization at 69.9% (including trainees)
• employee retention continues to be among the best in industry, attrition at 12.04%
• ROE at 16.0% for the quarter and expected to grow to 19.7% in fy14.
• ROCE at 16.3% for the quarter and expected to grow 19.5% in fy14.
client parameters
strong traction in banking financial services with 56.8% y-o-y growth
long standing client relationships – a decade+ engagement with each of the
top 10 clients.
revenue client
top client
fy 13 q3 fy 13 q2
7.9%
7.4%
top 5 clients
32.4%
33.9%
top 10 clients
48.8%
49.3%
no of million dollar clients fy 13 q3 fy 13 q2
5 million +
5
4
+2 million – 5 million
10
10
+1 million dollar – 2 million
9
9
revenue from repeat business
93.1
93.3
(%)
particulars
active clients
new clients
fy 13 q3 fy 13 q2
73
73
2
2
services offered and key sector focus
•
application development and maintenance
•
system integration and enterprise solutions
•
independent verification and validation
•
Managed services and others
revenue breakup
application development and
maintenance
20.1
43.1
16.0
20.8
system integration and
enterprise solutions
independent verification and
validation
managed Services and others
key focus sectors
16.7
•
banking, financial & insurance services
•
healthcare
technology
•
technology
other services
•
manufacturing and others
23.8
healthcare
21.6
bfsi
37.9
operational parameters
Revenue by delivery location (%)
excluding domestic clients
Q3 fy 13
Q2 fy 13
Onsite
70.0
69.9
Offshore
30.0
30.1
Revenue by project type(%)
Q3 fy 13
Q2 fy 13
Time and material
68.6
68.8
Fixed price and time
31.4
31.2
total employee base
2804
q3 fy 12
2976
q4 fy 12
3165
q1 fy13
3408
q2 fy13
total employees : 3523
3523
q3 fy13
diversity
31.3% of our workforce is women
63.2% of our associates have more than 3 years of work experience
5.10%
Indians
Others
94.90%
revenue growth
mn
1703.4
1547.1
1403.3
1274.6
1153.4
FY 12 Q3
y-o-y
FY 12 Q4
FY 13 Q1
FY 13 Q2
q-o-q
FY 13 Q3
ebitda
mn
1003
386.4
349.5
694
709
259.9
fy-2010
fy-2011
y-o-y
fy-2012
FY 12 Q3
287.8
FY 12 Q4
316.7
FY 13 Q1
q-o-q
FY 13 Q2
FY 13 Q3
income
mn
293.1
130.3
116.6
215.6
105.2
201
93.2
80
fy-2010
fy-2011
y-o-y
fy-2012
FY 12 Q3
FY 12 Q4
FY 13 Q1
q-o-q
FY 13 Q2
FY 13 Q3
financials stand alone – quarterly
Particulars
mn
Q3 June 13
Q3 June 12
y-o-y %
1153.1
800.3
44%
1055.3
9%
17.6
2.1
--
8.4
--
1170.7
802.4
46%
1063.7
10%
Software services & administration
expenses
862.1
598.6
44%
787.3
10%
EBITDA
308.6
203.8
51%
276.4
12%
91.7
79.6
15%
83.8
9%
216.9
124.2
75%
192.6
13%
72.8
46.5
57%
63.9
14%
PBT
144.1
77.7
86%
128.7
12%
Tax
41.3
18.1
128%
36.1
14%
102.8
59.6
73%
92.6
11%
Net sales
Other income
Total income
Depreciation
EBIT
Interest expense
Net profit
Q2 Mar 13
q-o-q%
financials stand alone – FY2012
Particulars
mn
sep 12
sep 11
3,083.9
2,590.0
2325.2
1,964.2
Profit before interest depreciation & taxes (PBIDT)
758.7
625.8
Interest
183.8
112.3
Profit before depreciation & taxes
574.9
513.5
Depreciation & amortisation expenses
297.9
285.0
Profit after depreciation & before taxes
276.9
228.5
55.3
44.4
221.6
184.1
11.3
11.8
210.3
172.3
Revenue from Operations
Software services & Administrative expenses
Provision for Tax
Profit before Deferred tax (PAT)
Deferred tax
Profit after Deferred tax (PAT)
financials consolidated– quarterly
Particulars
mn
Q3 june 13
Q3 june 12
Q2 march 13
Total Income
1703.4
1,153.3
1547.1
Software services and administrative
expenses
1317.1
893.5
1197.6
386.3
259.8
349.5
74.3
51.5
65.4
Depreciation
133.9
105.9
125.7
OPERATING PROFIT BEFORE TAX
178.1
102.4
158.4
41.6
19.3
37.5
136.5
81.3
120.9
6.2
3.1
4.3
130.3
80.0
116.6
EARNINGS PER SHARE
19.7
13.4
18.5
CPS
40.0
31.1
38.5
OPERATING PROFIT BEFORE INTEREST,
DEPRECIATION AND TAX
Interest
Provision for taxation
NET PROFIT AFTER TAX
Provision for Deferred tax
NET PROFIT AFTER DEFERRED TAX
financials consolidated– FY 2012
Particulars
mn
Sep 12
Sep 11
Revenue from Operations
4,520.6
3,941.4
Software services & Administrative expenses
3,517.3
3,151.9
Profit before interest depreciation & taxes (PBIDT)
1,003.3
789.5
Interest
205.2
131.2
Profit before depreciation & taxes
798.1
658.3
Depreciation & amortisation expenses
423.5
381.4
Profit after depreciation & before taxes
374.6
276.9
67.5
62.5
307.1
214.4
13.0
13.4
294.1
201.0
Provision for Tax
Profit before Deferred tax (PAT)
Deferred tax
Profit after Deferred tax (PAT)
key differentiators
•
knowledge of financial services/healthcare domain and technology make us
an ideal business partner
•
right size organization - client centric DNA
•
quick and flexible onshore ramp-up
•
global delivery through robust and cost effective onsite/offshore model
•
dedicated corporate governance ensures compliance with best practices
•
eco-friendly state-of-art global development centers
•
capability to service high volume business seamlessly
•
failsafe process driven approach and skilled project managers ensure timely
deliveries