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Performance Highlights for Year Ended FY 2010 & Q4 FY10
April 29 2010April 29, 2010
Di l iCertain statements in these slides/ presentation/ communication are forward-lookingstatements. These statements are based on management's current expectations and are
Disclaimer
subject to uncertainty and changes in circumstances. Actual results may differmaterially from those included in these statements due to a variety of factors. Detailedinformation about these factors is contained in 3i Infotech Limited's filings with theSecurities and Exchange Board of India. All financial and other information in theseslides/ presentation/ communication, unless otherwise mentioned, is on a consolidatedslides/ presentation/ communication, unless otherwise mentioned, is on a consolidatedbasis for 3i Infotech Limited. Please also refer to the statement of consolidated andsegmental results required by Indian regulations that has been filed with the stockexchanges in India where 3i Infotech Limited’s equity shares are listed and is availableon our website www.3i-infotech.com. 3i Infotech may, from time to time, make additional
itt d l f d l ki t t t i l di t t h h ld Thwritten and oral forward looking statements, including our reports to shareholders. TheCompany does not undertake to update any forward-looking statement that may bemade from time to time by or on behalf of the Company.
2 - Confidential2 - Confidential
C t tContents Our Achievements Financial Performance & Trends Outlook
3 - Confidential3 - Confidential
Our Achievements
4 - Confidential4 - Confidential
Over the last 10 years
The 189th largest company in India (Business Standard
Over the last 10 years….
g p y (1000 – Feb’10)
Among the top 3 largest software product companies in India (Dataquest – Aug’09)( q g )
Ranked 32nd in the list of Top BFSI service providers in NorthAmerica (FinTech 100 – Oct’09)
Fastest growing technology company (Deloitte Fast 50Fastest growing technology company (Deloitte Fast 50 -growth of 249% over 3 years)
Included in the WorldBlu list of ‘Most Democratic Workplaces2010’
Revenue run rate of USD 550 million across the globe
2010
5 - Confidential5 - Confidential
Servicing 78 of the Fortune 500 customers
Financial Performance & Trends
6 - Confidential6 - Confidential
Revenue TrendRevenue Trend3,000
2,304.70
2,468.75
2,000
2,500
1,223.56
1 000
1,500
INR Crores
292.03 424.05
670.77
500
1,000
‐
FY05 FY06 FY07 FY08 FY09 FY10
7 - Confidential7 - Confidential
Revenue CAGR is 53.3% of which 26.8% is organic and 26.5%inorganic
Revenue TrendRevenue Trend
Geowise Revenue
25.7% 28.1%
6.4% 7.0%9.9%
7.9%
4.5% 3.7%5.9%
15.0%7.2% 6.3%
19.9%24.9%
20.3%14.0%
28.1%
27.5%28.8% 50.2% 55.5%
48.0%40.0% 36.4% 34.3%
27.8% 25.7%
10.3% 8.8%
FY05 FY06 FY07 FY08 FY09 FY10
South Asia MEARC North America Asia Pacific Western Europe
8 - Confidential8 - Confidential
Revenue TrendRevenue Trend
Segment wise Revenue
39.4% 33.2% 31.2%
13.2% 13.2%9 0%
11.0% 14.6%
11.9%31.5% 37.0%
55.9% 54.0% 50.5%
14.5% 18.1% 15.4% 13.6% 12.5% 12.6%
16.5% 14.7% 14.0% 12.9% 9.1% 8.4%
13.2%9.0%
7.6%3.0% 2.8%10.7% 8.0%
FY05 FY06 FY07 FY08 FY09 FY10
Banking Product Insurance Product ERP Product
Capital Markets Product Transaction Services IT Services
9 - Confidential9 - Confidential
Margin TrendMargin Trend
Margins
43.4%44.6% 47.5% 47.3%
40.7% 41.0%50%
60%
17.4%21.7%
25.9%22.3%
19.7% 20.4%20%
30%
40%
11.0% 13.6%17.4%
15.0% 11.6% 10.8%0%
10%
20%
‐10%FY05 FY06 FY07 FY08 FY09 FY10
GP Margin EBIDTA Margin PAT *
10 - Confidential10 - Confidential
* Profit After Taxation & Before Exceptional items and impact of discontinuing operations
P&L Summary Rs. CroresP&L SummaryFY 10 FY 09
Sales 2448.54 2285.64Oth i 20 21 19 06
Rs. Crores
Other income 20.21 19.06Total Revenue 2468.75 2304.70
Cost of revenue 1455.40 1365.78Gross profit 1013 35 938 92Gross profit 1013.35 938.92Selling & General expenses 469.60 443.77Product development exp 40.61 41.67EBIDTA 503.14 453.48Interest 144.83 94.95Depreciation 81.41 70.06Profit Before Tax 276.90 288.47Tax 10.95 22.05Profit After Taxation & Before Exceptional items 265.95 266.42Add: Exceptional Income 29 19 77 05Add: Exceptional Income 29.19 77.05(Less) : Impact of Discontinuing Operations (260.46) - (Less): Exceptional Expenditure (1.33) (51.09) Profit After Exceptional Items 33.36 292.38Add: Share of Profit in Associate - 0.25
11 - Confidential11 - Confidential
Less/(Add): Minority Shareholders' Interest (0.11) 10.62 Net Profit After Minority Interest 33.47 282.01 EPS 17.21 19.02
Hi hli ht f O ti f FY10Highlights of Operations for FY10
Revenue& Gross Profit
3,000 2304 70
2468.75
Revenue & Gross Profit
7.1%
2,000
2,500 2304.70
1013.35ores
7.9%
500
1,000
1,500 938.92
INR Cr
‐
Revenue Gross Profit
12 - Confidential12 - Confidential
FY09 FY10
Hi hli ht f O ti f FY10Highlights of Operations for FY10
Profit
600 453 48
503.14
Profit
11.0%
0 2%
300
400
500 453.48
266.42265.95
rores
0.2%
100
200
300
INR Cr
‐EBIDTA PAT *
FY09 FY10
13 - Confidential13 - Confidential
* Profit After Taxation & Before Exceptional items and impact of discontinuing operations
Hi hli ht f O ti f FY10Highlights of Operations for FY10
M i
40.7% 41.0%
40%
50%
Margins
19.7% 20.4%20%
30%
40%
11.6% 10.8%
0%
10%
FY09 FY10
Gross Margins EBIDTA Margins Net Margin *
14 - Confidential14 - Confidential
* Profit After Taxation & Before Exceptional items and impact of discontinuing operations
Hi hli ht f O ti f FY10Highlights of Operations for FY10
PendingOrder Book
1570 1591
1654
1 600
1,700
Pending Order Book
1445 14501,500
1,600
NR Crores
1 300
1,400
IN
For long term service contracts estimated revenue for the next 12 months is added in the O d B k
1,300
FY09 Q1 FY10 H1 FY10 9M FY10 FY10
15 - Confidential15 - Confidential
Order Book
Revenue by Segments – FY10 & FY09
Segment Re en e FY10 Segment Revenue FY09ERP Product,
3% Insurance Product, 8%
Banking Product, 13%
Transaction Services, 37%
Segment Revenue FY10ERP Product,
3% Insurance Product, 9%
Banking Product 12%
Transaction Services, 32%
Segment Revenue FY09
Product, 13%
Capital Markets
Product, 8%
Product, 12%
Capital Markets Product, 11%
IT Services, 31%
ERP Product Insurance Product Banking Product
Capital Markets Product IT Services Transaction Services
IT Services, 33%
ERP Product Insurance Product Banking Product
Capital Markets Product IT Services Transaction Services
16 - Confidential16 - Confidential
Revenue by Geography – FY10 & FY09
Geowise Revenue FY10 Geowise Revenue FY09
South Asia, 26%
Asia Pacific , 4%
Western Europe, 6%
Geowise Revenue FY10
South Asia, 28%
Asia Pacific , 5%
Western Europe, 7%
Geowise Revenue FY09
MEARC, 9%MEARC, 10%
N th A iNorth America, 55%
South Asia MEARC North America Asia Pacific Western Europe
North America, 50%
South Asia MEARC North America Asia Pacific Western Europe
17 - Confidential17 - Confidential
Hi hli ht f O ti f Q4 FY10Highlights of Operations for Q4 FY10
Revenue& Gross Profit ‐ YoY
1,000
Revenue & Gross Profit ‐ YoY
3.6%
600
800 610.61 632.60
261 38ores 6.5%
200
400 245.36261.38
INR Cr
‐
Revenue Gross ProfitQ4'09 Q4'10
18 - Confidential18 - Confidential
Hi hli ht f O ti f Q4 FY10Highlights of Operations for Q4 FY10
Profit ‐ YoY
200
Profit ‐ YoY
4.3%
100
150 122.88
66.65
128.17
84.28
Crores
26.4%
50
100
INR C
‐
EBIDTA PAT *
Q4'09 Q4'10
19 - Confidential19 - Confidential
* Profit After Taxation & Before Exceptional items and impact of discontinuing operations
Hi hli ht f O ti f Q4 FY10Highlights of Operations for Q4 FY10
R & G P fit Q Q
1,000
Revenue & Gross Profit ‐ QoQ
5.1%
600
800
1,000
601.86 632.60
261 38rores 4.6%
200
400 249.92
261.38
INR Cr
‐
Revenue Gross Profit
Q3'10 Q4'10
20 - Confidential20 - Confidential
Q310 Q410
Hi hli ht f O ti f Q4 FY10Highlights of Operations for Q4 FY10Profit ‐ QoQ
200
Profit QoQ
2.3%
100
150 125.28
61.45
128.17
84.28
R Crores
37.1%
**
‐
50
INR
EBIDTA PAT *
Q3'10 Q4'10
21 - Confidential21 - Confidential
* Profit After Taxation & Before Exceptional items and impact of discontinuing operations** PAT for the current quarter has taken the impact of discontinued operations and is not
representative. At normal operations the PAT would be around Rs.61 crores.
Hi hli ht f O ti f Q4 FY10Highlights of Operations for Q4 FY10
Margins
40.2% 41.3%
40%
50%
Margins
20.1% 20.3%
%20%
30%
**10.9%
13.3%
0%
10%
**
0%
Q4 FY09 Q4 FY10
Gross Margins EBIDTA Margins Net Margin *
22 - Confidential22 - Confidential
* Profit After Taxation & Before Exceptional items and impact of discontinuing operations** Not indicative of normal business trend due to impact of discontinuing operations on
depreciation for Q4 FY10
R b S t Q4 FY10 & Q4 FY09Revenue by Segments – Q4 FY10 & Q4 FY09
Segment RevenueQ4'10 Segment RevenueQ4'09ERP Product,
3%Insurance Product, 8%
Banking Product, 13%
Transaction Services, 39%
Segment Revenue Q4 10ERP Product,
3% Insurance Product, 9%
Banking Product, 12%
Transaction Services, 36%
Segment Revenue Q4 09
Capital Markets
Product, 8%
IT Services
Capital Markets
Product, 10%
IT Services, 29%
ERP Product Insurance Product Banking Product
Capital Markets Product IT Services Transaction Services
IT Services, 30%
ERP Product Insurance Product Banking Product
Capital Markets Product IT Services Transaction Services
23 - Confidential23 - Confidential
Revenue by Geography – Q4 FY10 & Q4 FY09
Geo ise Re en e Q4'10 Geowise Revenue Q4'09
South Asia, 25%
Asia Pacific , 3%
Western Europe, 7%
Geowise Revenue Q4'10
South Asia, 25%
Asia Pacific , 3%
Western Europe, 6%
Geowise Revenue Q4'09
MEARC, 9%MEARC, 11%
North America, 56%
South Asia MEARC North America Asia Pacific Western Europe
North America, 55%
South Asia MEARC North America Asia Pacific Western Europe
24 - Confidential24 - Confidential
Cli t D tClient Data
20%
16%
20%
12%
17% 17% 17% 17%
8%
12%
6%
8% 8% 9%
11% 11% 11%
0%
4%
Q4'10 FY10 Q4'09 FY09
ICICI Group (Top Customer) Top 5 Customers * Top 10 Customers *
25 - Confidential25 - Confidential
* Excluding ICICI Group
OutlookOutlook A growth of 11%-14% in Revenues and a net
i f 10% 10 5%margin of 10%-10.5%
26 - Confidential26 - Confidential
Thank YouThank You