Professional Documents
Culture Documents
Aug9,2016
Index
Points
SlideNo.
BusinessOverview
34
FinancialPerformanceSummaryfor Q117
58
918
1925
2628
2938
BusinessHighlightsfor Q117
39
KeyFinancialData
40
Operationsand HRData
4144
KeyFinancialData Geometricexcl.3DPLM
45
BusinessAnalysisQ1FY17
46
GeneralInformation
4755
Confidential
Geometric&HCLDeal:ProgressonRegulatoryApprovals
SEBI
Share
holders
CCI*
Stock
Exchange
HighCourt
Filingthe
application
NA
Query
Resolution /
Clarifications
(ifany)
Approval
Awaited***
In
Progress
RBI**
Yetto
apply
*CCIApprovalletterreceived,Orderawaited
**RBIApprovalisneededtogiveeffecttotheschemeonceHighCourtpassesthe
favorableorder
***Shareholdersmeetingheldtoday,9th Aug16
WithCCIapprovalinplace,integrationdiscussionswillbeinitiated
Confidential
ImpactofINDASonGeometricFinancialStatements
SNo
Area
Description
Geometricwouldneedtoaccount3DPLMusingequitymethodof
accounting(impactonindividuallineitemsinP&L,howeverno
impacttoPAT)
Impacton
Balance Sheet
Impacton
P&L
N/A
3DPLMConsolidation
TreatmentofOutofPocketExpenses(OPE) recogniserevenueand
Revenuerecognition&Costof
costforOPE(impactonindividuallineitemsinP&L,impactsratios
Revenue
&marginshowevernoimpacttoabsolutePAT)
Employeesharebased
payment
ESOPatfairvaluemethod recogniseemployeecostatfairvalue
Employeebenefits
Actuarialgainsandlosses toberecognisedinOCI
Effectsofchangesinforeign
exchangerates
ForeignCurrencyTranslationReserve exchangedifferencesonloan
giventosubsidiariestoberecognisedinprofitorlossinstandalone
accounts,howevernoimpacttoconsolidatedaccounts
Reversalofimpactofstraightliningofleases
Securitydeposit recognizeatpresentvalueandunwindingatEIR
asinterestincome
Leases
Investments
Markettomarketofmutualfunds(noimpacttakeninerstwhile
IGAAP)
Proposeddividend
Proposeddividendandrelatedtaxisrecordedwhenpaymentis
made
N/A
Deferredtaxes
1)Deferredtaxonrespectiveitemsabove
2)Deferredtaxonundistributedprofitsofsubsidiaries,
3)Deferredtaxoncashflowhedgereserve(noP&Limpact)
Confidential
FINANCIALS
Confidential
SummaryfortheQuarter
Under IND AS :
In Q117 Operating Revenue YoY increased by 2.2% in USD terms and by 8.0% in INR terms. On a Q
oQ basis, it increased by 0.9% in USD and by 1.0% in INR terms.
Total Revenue For Q117 stand at INR 2360.31 Mn increased by 6.9% over Q116.
Effective tax rate for the quarter is 32.1%
EPS, after adjusting for extraordinary items, is INR 4.24 as against INR 5.13 in Q416 and INR 2.91 in
Q116
Under INDIAN GAAP :
In Q117 Total Revenue YoY increased by 6.0% in USD terms and by 11.9% in INR terms. On a QoQ
basis, it increased by 6.6% in USD and by 6.5% in INR terms.
YoY, Contribution margins improved from 30.4% to 36% thereby improving EBITDA from 13.9% to
18.6%; in line with peers
Salary Revisions implemented as of April 1, 2016
New contracts amounting to USD 15.5 Mn won during the quarter
Total headcount (incl. 3DPLM) as at Jun16 end is 4,774
Q117 attrition stands at 11.6%
Confidential
SummaryQ1FY17(incl 3DPLM)
AsperIndianGAAP
RevenueUSD
INR3,328.81Mn
49.61
50.00
QoQ6.5%
RevenuesINR
48.00
47.46
46.12
47.68
46.80
46.60
1.14%
46.55
10quarter
46.00
CQGR
44.96
44.29
44.00
42.92
INR286.85Mn
42.00
NetIncome
40.00
INR617.69Mn
EBITDA
38.00
Q4FY14
Q1FY15
Q2FY15
Q3FY15
Q4FY15
Q1FY16
Q2FY16
Q3FY16
Q4FY16
Q1FY17
RevenueUSD
INR4.40
*figuresinMillion
EPS
Confidential
SummaryQ1FY17(excl3DPLM)
AsperIndianGAAP
OperatingRevenueUSD
INR2,335.24Mn
QoQ1.0%
36.00
35.24
34.77
35.00
34.55
34.44
0.71%
33.99
33.94
34.00
OperatingRevenuesINR
34.73
10quarter
CQGR
32.82
33.00
32.37
INR177.16Mn
32.00
31.45
NetIncome
31.00
30.00
INR290.46Mn
EBITDA
29.00
Q4FY14
Q1FY15
Q2FY15
Q3FY15
Q4FY15
Q1FY16
Q2FY16
Q3FY16
Q4FY16
Q1FY17
OperatingRevenueUSD
INR2.72
*figuresinMillion
EPS
Confidential
GEOMETRICCONSOLIDATEDPERFORMANCEFORQ1FY17
Confidential
ConsolidatedIncomeStatementQoQ(INDAS)
IncomeStatement
OperatingRevenue(inUSDmillions)
ReimbursableIncome(inUSDmillions)
TotalRevenue(inUSDmillions)
ExchangeRate
OperatingRevenue
ReimbursableIncome
TotalRevenue
DirectCOR
ReimbursableExpenses
TotalCostOfRevenue(COR)
Contribution
Contributionas%ofOperatingRevenue
Sales&Marketing(S&M)Expense
General&Administrative(G&A)Expense
Interestandbankcharges
DepreciationandLeaseRental
OperatingProfit
OperatingProfitas%ofOperatingRevenue
OtherIncome
ProfitBeforeTax
PBTas%ofOperatingRevenue
EBITDA
EBITDAas%ofOperatingRevenue
Tax
ProfitAfterTax(fortheperiod)
PATas%ofOperatingRevenue
Profitsharefrom3DPLM
AdjustedProfitAfterTax
PATas%ofOperatingRevenue
EPS
Nonrecurringitems
Add:Consultant&ProfessionalFees
EPS(adjustedfornonrecurringitems)
(figuresinINRMillion)
Q117
34.73
0.38
35.11
67.23
2,335.24
25.07
2,360.31
1,567.39
30.45
1,597.84
762.47
32.3%
174.77
339.10
8.02
34.08
206.50
8.7%
43.03
249.53
10.6%
282.62
12.0%
80.07
169.46
7.2%
106.74
276.20
11.7%
Q416
34.44
0.00
34.44
67.13
2,311.83
0.00
2,311.83
1,513.47
0.00
1,513.47
798.35
34.5%
161.86
298.08
11.15
35.08
292.19
12.6%
43.01
335.20
14.5%
371.62
16.1%
98.83
236.37
10.2%
96.65
333.02
14.4%
Q116
33.99
0.73
34.71
63.62
2,162.31
46.32
2,208.63
1,567.78
46.32
1,614.10
594.53
26.9%
171.23
331.97
8.31
31.66
51.36
2.3%
60.32
111.69
5.1%
140.75
6.4%
8.54
103.15
4.7%
84.40
187.54
8.5%
Var(QoQ)
0.9%
1.9%
Var(YoY)
2.2%
48.4%
1.1%
1.0%
2.1%
3.6%
5.6%
4.5%
8.0%
45.9%
6.9%
0.0%
34.3%
1.0%
28.2%
8.0%
13.8%
28.1%
2.8%
29.3%
2.1%
2.1%
3.5%
7.7%
302.0%
25.6%
123.4%
23.9%
100.8%
19.0%
28.3%
837.5%
64.3%
17.1%
47.3%
4.24
5.13
2.91
17.3%
45.8%
45.00
4.93
24.00
5.50
31.00
3.39
Confidential
10
ConsolidatedIncomeStatementQoQ(IndianGAAP) (figuresinINRMillion)
IncomeStatement
OperatingRevenue(inUSDMillion)
ExchangeRate
OperatingRevenue
CostOfRevenue(COR)
Contribution
Contributionas%ofOperatingRevenue
Sales&Marketing(S&M)Expense
General&Administrative(G&A)Expense
Interestandbankcharges
DepreciationandLeaseRental
OperatingProfit
OperatingProfitas%ofOperatingRevenue
OtherIncome
ProfitBeforeTax
PBTas%ofOperatingRevenue
EBITDA
EBITDAas%ofOperatingRevenue
Tax
MinorityInterest
AdjustedProfitAfterTax
PATas%ofOperatingRevenue
EPS
Nonrecurringitems
Add:Consultant&ProfessionalFees
EPS(adjustedfornonrecurringitems)
Q117
Q416
Q116
49.61
67.10
3,328.81
2,130.77
1,198.03
36.0%
176.97
454.70
8.30
93.38
464.69
14.0%
62.42
527.11
15.8%
617.69
18.6%
162.61
77.64
286.85
8.62%
46.55
67.17
3,127.04
2,011.65
1,115.38
35.7%
163.57
416.09
11.34
92.28
432.10
13.8%
148.14
580.24
18.6%
672.59
21.5%
168.45
69.26
342.54
11.0%
46.80
63.58
2,975.55
2,071.79
903.76
30.4%
171.52
448.66
8.71
84.93
189.95
6.4%
142.85
332.79
11.2%
416.05
14.0%
83.60
57.92
191.27
6.43%
4.40
5.27
2.97
45.00
5.09
24.00
5.64
31.00
3.45
Confidential
Var(QoQ)
Var(YoY)
6.6%
6.0%
6.5%
5.9%
7.4%
11.9%
2.8%
32.6%
8.2%
9.3%
26.9%
1.2%
7.5%
3.2%
1.3%
4.8%
9.9%
144.6%
9.2%
58.4%
8.2%
48.5%
3.5%
12.1%
16.3%
94.5%
34.0%
50.0%
16.5%
48.5%
11
CostAnalysis(INDAS)
CostOfRevenue
Manpower
(figuresinINRMillion)
Q117
%ofOPR
Q416
%ofOPR
Q116
%ofOPR
1,410.42
59.8%
1,354.41
58.6%
1,419.22
64.3%
Travel
62.95
2.7%
40.84
1.8%
58.28
2.6%
Softwareamortization
13.21
0.6%
13.19
0.6%
8.11
0.4%
OtherSoftware
70.17
3.0%
86.92
3.8%
70.38
3.2%
StaffWelfare
5.13
0.2%
13.04
0.6%
5.90
0.3%
DataCommunication
5.51
0.2%
5.07
0.2%
5.88
0.3%
30.45
1.3%
0.00
0.0%
46.32
2.1%
1,597.84
67.7%
1,513.47
65.5%
1,614.10
73.1%
ReimbursableExpenses
Total
S&MExpense
Manpower
Q117
%ofOPR
Q416
%ofOPR
Q116
%ofOPR
143.05
6.1%
135.97
5.9%
138.92
6.3%
Travel
17.54
0.7%
12.58
0.5%
17.08
0.8%
OtherBusinessExpenses
14.18
0.6%
13.31
0.6%
15.23
0.7%
174.77
7.4%
161.86
7.0%
171.23
7.8%
Total
Confidential
12
CostAnalysis(INDAS)Contd
G&AExpense
Manpower
Q117
(figuresinINRMillion)
%ofOPR
Q416
%ofOPR
Q116
%ofOPR
104.42
4.4%
111.29
4.8%
118.24
5.4%
Travel
8.78
0.4%
1.33
0.1%
7.89
0.4%
Facility
68.64
2.9%
60.72
2.6%
63.26
2.9%
Recruitment
7.94
0.3%
10.44
0.5%
8.54
0.4%
Training
6.62
0.3%
2.45
0.1%
8.61
0.4%
Communication&InformationSystem
9.63
0.4%
8.18
0.4%
11.32
0.5%
Insurance
3.06
0.1%
2.59
0.1%
3.20
0.1%
87.50
3.7%
48.90
2.1%
78.99
3.6%
9.05
0.4%
0.62
0.0%
6.97
0.3%
Others
33.46
1.4%
52.79
2.3%
24.95
1.1%
Total
339.10
14.4%
298.08
12.9%
331.97
15.0%
Legal&Professional
BadDebts
Depreciation&LeaseRentals
Q117
%ofOPR
Q416
%ofOPR
Q116
%ofOPR
FacilityDepreciation
7.92
0.3%
7.87
0.3%
7.64
0.3%
NonfacilityDepreciation
3.95
0.2%
4.21
0.2%
5.00
0.2%
LeaseRentals
22.22
0.9%
23.00
1.0%
19.01
0.9%
Total
34.08
1.4%
35.08
1.5%
31.66
1.4%
Confidential
13
BalanceSheetSummary(INDAS)
SourcesofFunds
(figuresinINRMillion)
Q117
Q416
Q116
ShareholdersFunds
ShareCapital
130.49
130.06
129.07
3.85
5,149.82
4,771.28
4,397.26
42.75
49.69
132.54
1,885.53
1,992.85
1,793.66
7,208.59
6,943.88
6,456.38
ShareApplicationMoney
Reserves&Surplus
NonCurrentLiabilities
CurrentLiabilities
Total
ApplicationsofFunds
Q117
Q416
Q116
NonCurrentAssets
FixedAssets
482.33
495.80
541.06
GoodwillonConsolidation
545.57
544.85
519.30
OtherNonCurrentAssets
1,087.03
1,061.35
1,441.10
CurrentInvestments
1,342.97
1,140.08
501.12
TradeReceivables
1,652.20
1,618.49
1,565.22
607.00
616.51
641.80
1,491.49
1,466.81
1,246.78
7,208.59
6,943.88
6,456.38
CurrentAssets
CashandCashEquivalents
OtherCurrentAssets
Total
Balancesheetpositionasonperiodend
Confidential
14
276
Net
Profit/(Loss)
aftertaxes
107
Profitshareof
3DPLM
80
TaxExpense
Profit/(Loss)
fromOrdinary
Activities
beforetax
Financecosts
OtherIncome
Other
Expenses
Revenuefrom
operations
(figuresinINRMillion,INDAS)
1,526
Employee
benefits
expense
Depreciation&
amortization
expense
2,360
AsperClause41(Printedinthenewspapers)
25
600
48
8
249
Difference
ReconciliationofConsolidatedIncomestatementwithClause41
AsperInvestorPresentation
AsperInvestorspresentation
2,360 OperatingRevenue
2,360
1,598 CostOfRevenue(COR)
1,410
13
174
175 Sales&Marketing(S&M)Expense
143
32
104
235
8 Interest&bankcharges
34
43
250
80
Depreciation&LeaseRental
OtherIncome
ProfitBeforeTax
Tax
12
22
43
250
80
107 Profitshareof3DPLM
276 ProfitAfterTax(fortheperiod)
Difference
ExpensesclubbedinManpowerCost
underCORinInvestorPresentation,
howevergroupedinotherexpensesin
Clause41(Subcontractingcharges)
Staffwelfareexpenses&training
expensesareinEmployeebenefitsin
Clause41,howevergroupedinother
expensesinMIS
GainonForeignExchangeTransaction/
LossonFluctuations
NetDifference
107
(132)
137
144
(144)
(12)
12
(5)
Confidential
276
15
OtherIncome(INDAS)
OtherIncome
InvestmentIncome
(figuresinINRMillion)
Q117
Q416
Q116
18.35
18.87
8.44
Sundrybalancesw/back
0.39
0.01
0.74
ProfitonSaleofAssets
0.93
(0.00)
0.05
Others
3.23
2.24
0.50
TotalIncomeonInvestment (A)
22.90
21.12
9.73
ForeignExchangeGains/(loss)
21.35
22.46
51.57
MTMGain/(Loss)
(1.22)
(0.57)
(0.98)
TotalGain/(Loss)onForex (B)
20.13
21.89
50.59
TotalOtherIncome(A+B)
43.03
43.01
60.32
Confidential
16
TaxWalk(INDAS)
Allnumbersarein%terms
Confidential
17
ProfitTrends
EBITDAas%ofRevenue
EPS(INR)
25%
6.00
20%
5.00
15%
4.00
3.00
10%
2.00
5%
1.00
0%
Q4FY Q1FY Q2FY Q3FY Q4FY Q1FY Q2FY Q3FY Q4FY Q1FY
14
15
15
15
15
16
16
16
16
17
PATas%ofRevenue
0.00
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
FY14 FY15 FY15 FY15 FY15 FY16 FY16 FY16 FY16 FY17
ReturnonNetWorth
Taxas%ofProfit
60%
40%
50%
35%
30%
40%
25%
30%
20%
15%
20%
10%
10%
5%
0%
0%
Q4
FY14
Q1
FY15
Q2
FY15
Q3
FY15
Q4
FY15
Q1
FY16
Q2
FY16
Q3
FY16
Q4
FY16
Q1
FY17
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
FY14 FY15 FY15 FY15 FY15 FY16 FY16 FY16 FY16 FY17
Confidential
18
REVENUE&CLIENTDATA ASPERINDIANGAAP
GEOMETRICCONSOLIDATED
(FORCONSISTENCYINANALYSISOVERPREVIOUSQUARTERS)
Confidential
19
ConsolidatedRevenueAnalysis
(figuresinINRMillion)
OperatingRevenues
Q1FY17
Q4FY16
6.4%
5.5%
34.7%
36.2%
57.4%
59.8%
OtherIncome
InvestmentIncome
Q117
LCC
HCC
IP
%ofOPR
Q416
%ofOPR
Q116
%ofOPR
22.31
0.7%
22.80
0.7%
14.40
0.5%
SaleofAssets
3.50
0.1%
1.98
0.1%
0.37
0.0%
FXGain/(Loss)
32.40
1.0%
119.29
3.6%
124.34
4.0%
4.21
0.1%
4.08
0.1%
3.74
0.1%
62.42
1.8%
148.14
4.5%
142.85
4.6%
Others
Total
*HCCincludesrevenuesinhighcostcountries.
Confidential
20
OffshoreLeverage
(in%terms)
ByRevenue
70
60
50
58
61
62
60
60
62
63
63
61
63
42
39
38
40
40
38
37
37
39
37
Q1FY15
Q2FY15
Q3FY15
Q4FY15
Q1FY16
Q2FY16
Q3FY16
Q4FY16
Q1FY17
40
30
20
10
0
Q4FY14
ByEffort
100
80
85
86
86
86
85
85
86
87
87
87
15
14
14
14
15
15
14
13
13
13
Q4FY14
Q1FY15
Q2FY15
Q3FY16
Q4FY16
Q1FY17
60
40
20
Q3FY15
Q4FY15
LCC
Q1FY16
Q2FY16
HCC
RevenueBreakupaboveexcludesIP.
Confidential
21
ServiceLines RevenueDistribution
(figuresinUSDMillion)
35.00
32.37
30.00
25.80
26.53
27.21
28.28
26.38
29.01
29.31
14.63
14.09
29.75
25.58
25.00
20.00
15.00
13.19
13.59
3.02
2.77
14.09
15.12
13.59
14.90
12.84
13.28
2.97
2.73
10.00
5.00
3.45
3.71
2.59
1.16
2.29
Q4FY14
2.07
1.38
1.38
Q1FY15
Q2FY15
Q3FY15
SoftwareServices
2.36
1.25
3.17
2.55
1.25
Q4FY15
Q1FY16
EngineeringServices
Q2FY16
1.22
1.12
Q3FY16
Embedded
1.00
Q4FY16
Q1FY17
IP
Revenuesshownasproductsinthepreviousquarters,arenowbeingreferredtoasIP
Confidential
22
ServiceLines RevenueDistributionas%oftotal
70%
60%
58.3%
59.0%
59.0%
29.8%
30.2%
30.5%
59.6%
60.4%
61.1%
61.5%
31.7%
31.8%
30.8%
29.5%
63.9%
65.3%
56.6%
50%
40%
32.5%
30%
27.6%
26.8%
20%
10%
6.8%
6.2%
7.5%
8.0%
6.0%
2.7%
0%
5.2%
Q4FY14
4.6%
Q1FY15
3.0%
Q2FY15
3.0%
Q3FY15
SoftwareServices
Q4FY15
5.1%
5.4%
6.6%
6.4%
2.6%
2.3%
2.1%
Q2FY16
Q3FY16
5.5%
2.7%
Q1FY16
EngineeringServices
Embedded
Q4FY16
2.5%
Q1FY17
IP
*Revenuesshownasproductsinthepreviousquarters,arenowbeingreferredtoasIP
Confidential
23
RegionDistribution
(in%terms)
70%
61.6%
60%
58.3%
57.1%
57.2%
61.5%
58.4%
59.8%
58.9%
55.0%
52.0%
50%
40%
31.9%
33.1%
34.5%
31.3%
28.7%
30%
28.6%
25.9%
25.5%
6.5%
6.6%
7.0%
6.3%
5.8%
Q3FY15
29.9%
30.5%
20%
10%
0%
6.6%
5.8%
5.0%
4.0%
4.8%
5.0%
Q4FY14
Q1FY15
Q2FY15
USA
8.1%
8.0%
6.0%
6.4%
5.6%
Q3FY16
Q4FY16
Q1FY17
5.5%
5.1%
6.0%
6.1%
Q4FY15
Q1FY16
Q2FY16
Europe
APAC
India
*previousperiodfiguresreinstatedwhereverclassicationchangestomakeitcomparable
Confidential
24
CustomerSegments
(in%terms)
70%
62.8%
63.3%
63.6%
64.7%
64.0%
62.9%
62.7%
63.8%
63.6%
60.2%
60%
50%
40%
37.3%
34.2%
34.7%
34.9%
33.9%
33.9%
2.1%
2.5%
2.5%
2.4%
2.3%
2.6%
2.5%
Q3FY15
Q4FY15
Q1FY16
Q2FY16
Q3FY16
Q4FY16
Q1FY17
34.8%
34.6%
34.2%
33.2%
2.4%
2.1%
2.2%
Q4FY14
Q1FY15
Q2FY15
30%
20%
10%
0%
DirectIndustrial
ThroughPartners
Confidential
SoftwareISVs
25
GEOMETRICexcl 3DPLMPERFORMANCEFORQ1FY17
Confidential
26
IncomeStatementQoQ(INDAS)
IncomeStatement
OperatingRevenue(inUSDmillions)
ReimbursableIncome(inUSDmillions)
TotalRevenue(inUSDmillions)
ExchangeRate
OperatingRevenue
ReimbursableIncome
TotalRevenue
DirectCOR
ReimbursableExpenses
TotalCostOfRevenue(COR)
Contribution
Contributionas%ofOperatingRevenue
Sales&Marketing(S&M)Expense
General&Administrative(G&A)Expense
Interestandbankcharges
DepreciationandLeaseRental
OperatingProfit
OperatingProfitas%ofOperatingRevenue
OtherIncome
ProfitBeforeTax
PBTas%ofOperatingRevenue
EBITDA
EBITDAas%ofOperatingRevenue
Tax
ProfitAfterTax(fortheperiod)
PATas%ofOperatingRevenue
AdjustedProfitAfterTax
PATas%ofOperatingRevenue
EPS
Nonrecurringitems
Add:Consultant&ProffesionalFees
EPS(adjustedfornonrecurringitems)
(figuresinINRMillion)
Q117
Q416
Q116
34.73
0.38
35.11
67.23
2,335.24
25.07
2,360.31
1,567.39
30.45
1,597.84
762.47
32.3%
174.77
339.10
8.02
34.08
206.50
8.7%
43.03
249.53
10.6%
282.62
12.0%
80.07
169.46
7.2%
169.46
7.2%
34.44
0.00
34.44
67.13
2,311.83
0.00
2,311.83
1,513.47
0.00
1,513.47
798.35
34.5%
161.86
298.08
11.15
35.08
292.19
12.6%
43.01
335.20
14.5%
371.62
16.1%
98.83
236.37
10.2%
236.37
10.2%
33.99
0.73
34.71
63.62
2,162.31
46.32
2,208.63
1,567.78
46.32
1,614.10
594.53
26.9%
171.23
331.97
8.31
31.66
51.36
2.3%
60.32
111.69
5.1%
140.75
6.4%
8.54
103.15
4.7%
103.15
4.7%
2.60
3.64
1.60
45.00
3.29
24.00
4.01
31.00
2.08
Confidential
Var(QoQ)
Var(YoY)
0.9%
1.9%
2.2%
48.4%
1.1%
1.0%
2.1%
3.6%
5.6%
4.5%
8.0%
45.9%
6.9%
0.0%
34.3%
1.0%
28.2%
8.0%
13.8%
28.1%
2.8%
29.3%
2.1%
2.1%
3.5%
7.7%
302.0%
25.6%
123.4%
23.9%
100.8%
19.0%
28.3%
837.5%
64.3%
28.3%
64.3%
28.5%
62.6%
27
IncomeStatementQoQ(IndianGAAP)
IncomeStatement
OperatingRevenue(inUSDMillion)
ExchangeRate
OperatingRevenue
CostOfRevenue(COR)
Contribution
Contributionas%ofOperatingRevenue
Sales&Marketing(S&M)Expense
General&Administrative(G&A)Expense
Interestandbankcharges
DepreciationandLeaseRental
OperatingProfit
OperatingProfitas%ofOperatingRevenue
OtherIncome
ProfitBeforeTax
PBTas%ofOperatingRevenue
EBITDA
EBITDAas%ofOperatingRevenue
Tax
AdjustedProfitAfterTax
PATas%ofOperatingRevenue
EPS
Nonrecurringitems
Add:Consultant &Proffesional Fees
EPS(adjustedfornonrecurringitems)
Q117
(figuresinINRMillion)
Q416
Q116
34.73
67.24
2,335.24
1,562.85
772.39
33.1%
174.77
337.56
8.02
34.08
217.95
9.3%
39.41
257.36
11.0%
290.46
12.4%
80.21
177.16
7.6%
34.44
67.13
2,311.83
1,510.52
801.31
34.7%
161.86
294.66
11.15
35.08
298.56
12.9%
39.16
337.72
14.6%
374.14
16.2%
93.13
244.59
10.6%
33.99
63.62
2,162.31
1,561.91
600.39
27.8%
171.23
329.24
8.31
31.66
59.96
2.8%
58.21
118.17
5.5%
147.24
6.8%
9.10
109.08
5.0%
2.72
3.77
1.69
45.00
3.41
24.00
4.14
31.00
2.17
Confidential
Var(QoQ)
Var(YoY)
0.9%
2.2%
1.0%
3.5%
3.6%
8.0%
0.1%
28.6%
8.0%
14.6%
28.1%
2.8%
27.0%
2.1%
2.5%
3.5%
7.7%
263.5%
23.8%
117.8%
22.4%
97.3%
13.9%
27.6%
781.7%
62.4%
27.8%
60.8%
28
REVENUE&CLIENTDATA ASPERINDIANGAAP
GEOMETRICexcl 3DPLM
(FORCONSISTENCYINANALYSISOVERPREVIOUSQUARTERS)
Confidential
29
OperatingRevenueAnalysis
(figuresinINRMillion)
OperatingRevenues
7.9%
Q1FY17
Q4FY16
8.6%
42.6%
42.5%
48.9%
49.6%
LCC
OtherIncome
Q117
InvestmentIncome
HCC
%ofRevenue
IP
Q416
%ofRevenue
Q116
%ofRevenue
14.72
0.6%
15.01
0.6%
6.32
0.3%
SaleofAssets
0.93
0.0%
0.00
0.0%
0.05
0.0%
FXGain/(Loss)
20.13
0.8%
21.89
0.9%
50.59
2.3%
3.62
0.2%
2.25
0.1%
1.25
0.1%
39.41
1.7%
39.16
1.7%
58.21
2.6%
Others
Total
*HCCincludesrevenuesinhighcostcountries
Confidential
30
OffshoreLeverage
(in%terms)
ByRevenue
70
59
60
54
54
55
55
53
52
52
54
54
46
45
45
47
48
48
46
46
50
40
30
41
46
20
10
Q4FY14
Q1FY15
Q2FY15
Q3FY15
Q4FY15
Q1FY16
Q2FY16
Q3FY16
Q4FY16
Q1FY17
ByEffort
80
70
60
74
75
75
76
74
74
74
75
74
76
26
25
25
24
26
26
26
25
26
24
Q4FY14
Q1FY15
Q2FY15
Q3FY15
Q4FY15
Q1FY16
Q2FY16
Q3FY16
Q4FY16
Q1FY17
50
40
30
20
10
0
LCC
HCC
RevenueBreakupaboveexcludes IP.
Confidential
31
ServiceLines RevenueDistribution
(figuresinUSDMillion)
20.00
17.63
18.00
15.46
16.00
14.00
12.00
13.88
14.39
15.02
14.55
13.19
14.90
13.59
13.59
17.49
14.11
15.12
14.09
16.11
16.87
14.63
14.09
12.84
13.28
2.97
2.73
10.00
8.00
6.00
4.00
3.02
2.77
3.45
3.71
2.59
2.36
2.87
3.17
1.22
2.00
2.29
Q4FY14
2.07
Q1FY15
1.38
Q2FY15
1.38
1.16
Q3FY15
Q4FY15
SoftwareServices
1.25
1.25
1.12
Q1FY16
Q2FY16
Q3FY16
EngineeringServices
Embedded
1.00
Q4FY16
Q1FY17
IP
*Revenuesshownasproductsinthepreviousquarters,arenowbeingreferredtoasIP
Confidential
32
ServiceLines RevenueDistributionas%oftotal
60%
50%
42.9%
40%
40.7%
43.8%
41.4%
44.3%
41.5%
44.9%
41.8%
43.5%
51.2%
50.4%
37.3%
38.2%
8.6%
7.9%
47.9%
46.6%
43.9%
45.5%
43.2%
42.4%
40.0%
30%
20%
9.3%
8.5%
7.1%
6.3%
10%
0%
Q4FY14
Q1FY15
10.2%
10.7%
8.2%
7.0%
9.0%
7.4%
3.5%
4.1%
4.0%
3.7%
3.7%
3.6%
3.2%
2.9%
Q2FY15
Q3FY15
Q4FY15
Q1FY16
Q2FY16
Q3FY16
Q4FY16
SoftwareServices
EngineeringServices
Embedded
Q1FY17
IP
**Revenuesshownasproductsinthepreviousquarters,arenowbeingreferredtoasIP
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33
RegionDistribution
(in%terms)
70%
60.9%
61.0%
61.2%
62.5%
63.8%
64.4%
64.4%
63.3%
58.1%
60%
56.1%
50%
40%
30%
25.7%
25.6%
23.1%
20.2%
20%
10%
8.9%
7.9%
6.8%
5.5%
6.6%
6.8%
Q1FY15
Q2FY15
19.2%
20.3%
22.1%
22.7%
25.0%
17.7%
8.8%
9.0%
9.7%
8.5%
7.9%
Q3FY15
10.9%
11.3%
7.5%
7.0%
8.2%
7.8%
7.6%
8.3%
7.6%
Q4FY15
Q1FY16
Q2FY16
Q3FY16
Q4FY16
Q1FY17
Europe
APAC
0%
Q4FY14
USA
India
*previousperiodfiguresreinstatedwhereverclassicationchangestomakeitcomparable
Confidential
34
CustomerSegments
(in%terms)
100%
90%
88.4%
88.8%
89.1%
89.3%
89.4%
88.4%
87.8%
88.2%
87.8%
88.0%
8.2%
8.2%
7.9%
7.8%
8.1%
8.2%
8.8%
8.6%
8.7%
8.3%
3.4%
3.0%
3.1%
2.9%
Q4FY14
Q1FY15
Q2FY15
Q3FY15
80%
70%
60%
50%
40%
30%
20%
10%
0%
DirectIndustrial
3.5%
3.5%
Q4FY15
Q1FY16
ThroughPartners
Confidential
3.4%
Q2FY16
3.2%
Q3FY16
3.5%
Q4FY16
3.7%
Q1FY17
SoftwareISVs
35
RevenueBreakupbyVerticals
Q117
Q416
7.8%
7.3%
19.7%
19.3%
45.5%
46.8%
10.8%
11.3%
15.7%
15.7%
Automotive
Vertical(%)
Automotive
Strategic Accounts
Aerospace
I&S
IP
StrategicAccount
Aerospace
Q1 17
I&S
IP
Q4 16
46.8%
15.7%
10.8%
19.3%
7.3%
45.5%
15.7%
11.3%
19.7%
7.8%
Verticalbreakupexcludes3DRevenue
Confidential
36
CustomerAnalysis
Revenue(%)
Top1
Top5
Top10
Q117
Q416
13.0%
42.2%
59.8%
Numberofcustomerswithmorethan5%
revenuecontribution
Clients
13.4%
41.9%
59.1%
Q117
>$10million
$5 $10million
$1 $5million
<$1million
Q416
Q117
15.3%
45.0%
62.8%
2
6
18
28
Clients
Q1 16
Q116
2
5
19
31
Q416
3
4
17
35
Q1 16
Totalnumberofactiveclients
54
57
59
Numberofnewclientsadded
TotalnumberofactiveClientsreferstonumberofclientsagainstwhomrevenuerecognitionhappenedduringtheQuarter
Confidential
37
DealAnalysis
OrderBook
(figuresinUSDMillion)
Q117
Newdealswon
NewDealAnalysis Q117
Q416
15.48
US
Q116
14.52
Europe
13.65
APAC
India
Total
EngineeringServices
3.83
0.30
0.02
0.37
4.52
SoftwareServices
4.89
4.13
1.52
0.02
10.56
Embedded
0.00
0.25
0.05
0.00
0.30
Products
0.01
0.08
0.00
0.00
0.09
8.73
4.77
1.58
0.40
15.48
Total
Confidential
38
BusinessHighlights
BusinessHighlights
EnhancedCAMWorks2016withToleranceBasedMachiningcapabilitiesandsupport
forSolidWorksMBD
KeyWins
SelectedbyaLeadingTelecomOEMinNorthAmericafortheirDigitalManufacturing
initiativewhichwillleverageGeometrics'Technologysolutions
WonaPLMProjectwithaleadingAircraftEngineermanufacturerinNorthAmerica
AwardedaManufacturingEngineeringProjectonPackagingprogrammanagementfrom
aAutomotiveOEMinNorthAmerica
WonaPLMProjectwithaleadingAutomotivemanufacturerinNorthAmerica
AwardedanEngineeringServicesprojectbyaleadingoffhighwayOEMinNorthAmerica
WonaPLMProjectwithaleadingAutomotiveOEMinEurope
Confidential
39
KeyFinancialData
Parameter
CAPEX(INRmillion)
Q117
OutstandingLoans
Q116
10.03
2.86
48.95
65
64
66
32.1%
29.5%
7.6%
DSO
%Tax
Q416
Q117
Q416
Q116
WorkingCapitalLoan(USDmillion)
6.91
5.91
6.55
PCFCLoan(USDmillion)
3.00
3.00
3.00
DSOisasperINDAS excludes3DPLM.Thesamehasbeenrestatedforpreviousperiodsaswell
Confidential
40
OPERATIONS&HRDATAQ1FY17
Confidential
41
OperationalParameters
GeometricConsolidated
ProjectType(%)
Revenue(%)
Q117
Q4 16
Q116
Time&Material
85.9%
85.4%
86.7%
FixedPrice
14.1%
14.6%
13.3%
GeometricConsolidatedexcluding3DPLM
ProjectType(%)
Revenue(%)
Q117
Q416
Q1 16
Time&Material
79.7%
80.6%
81.6%
FixedPrice
20.3%
19.4%
18.4%
Utilization(%)
Q117
Hourly Utilization
Q416
76.3%
Q1 16
75.8%
71.2%
FormulaforutilizationhaschangedasbelowtobeinlinewithIndustryPracticeseffectiveOct2015andhadbeenchangedretrospectively
forreportingpurpose
Totalbillablehourstocustomer/(PlannedHours+Overclockedhours)
PlannedHours=Totalavailablehours UnpaidleavesandCompanyholidays
Confidential
42
EmployeeBase
4,800
4,578
4,000
4,807
4,741
4,866
4,773
4,755
4,772
4,774
1,828
1,899
2,015
2,082
2,149
2,196
2,162
2,781
2,913
2,908
2,851
2,691
2,606
2,576
2,612
Q2'15
Q3'15
Q4'15
Q1'16
Q2'16
Q3'16
Q4'16
Q1'17
1,797
3,200
2,400
1,600
800
3DPLM+3DGS
Headcount
Geometric+Completelyownedsubsidiaries
Q117
Q416
4,388
4,375
4,463
OperationsSupport
50
65
59
Sales
33
30
32
303
302
312
Delivery
CorporateFunctions
Total
4,774
4,772
Q116
10.1%
19.3%
39.0%
31.6%
4,866
ExperienceProfile
<3years
36years
68years
>8years
Allnumbersasofendofperiod
Confidential
43
RecruitmentandAttritionAnalysis(incl 3DPLM)
500
267
212
400
177
117
97
200
119
81
73
270
231
210
173
150
137
139
Q2'16
Q3'16
Q4'16
Q1'17
300
441
354
285
306
100
258
0
100
174
142
168
129
Q2'15
Q3'15
Q4'15
Q1'16
200
Recruitment
Period
Attrition
Attrition(%)
Q117
11.6%
Q416
11.5%
RecruitmentProfile
8.1%
2.7%
20.9%
68.2%
Q116
10.9%
03years
36years
68years
8+years
Confidential
44
KeyFinancialData
ForwardContracts
ForwardCover>90Days(USDMn)
Forwardcover<90Days(USDMn)
Total(USDMn)
ForwardCover>90Days(EURMn)
ForwardCover<90Days(EURMn)
Total(EURMn)
USD
AverageRate
>90Days(USDMn)
AverageRate
<90Days(USDMn)
EUR
AverageRate
>90Days(EURMn)
AverageRate
<90Days(EURMn)
Q117
25.67
7.08
32.75
6.20
1.76
7.95
Q416
25.02
6.66
31.67
6.03
1.68
7.71
Q116
21.49
6.99
28.48
2.91
1.39
4.30
71.79
25.67
69.31
7.08
71.25
25.02
68.46
6.66
68.75
21.49
66.13
6.99
81.00
6.20
76.87
1.76
79.40
6.03
75.98
1.68
76.51
2.91
79.07
1.39
MTMonForwardCover>90Days(INRMn)
MTMonForwardcovers<90Days(INRMn)
Total(INRMnUSDINR)*
MTMonForwardCover>90Days(INRMn)
MTMonForwardcovers<90Days(INRMn)
Total(INRMnEURINR)*
6.62
8.04
14.66
1.76
1.42
3.18
23.32
10.92
34.24
(8.95)
(0.46)
(9.41)
21.53
12.49
34.02
5.45
9.60
15.05
*ClosingspotrateforcalculatingMTMUSDINR
*ClosingspotrateforcalculatingMTMEURINR
67.52
74.95
Confidential
66.15
74.85
63.73
71.34
45
BusinessAnalysisQ1FY17
Verticals
Automotive
StrategicAccounts
Aerospace
I&S
IP
Revenue($ Mn)
15.79
5.33
3.60
6.44
2.60
CM%
27.0%
21.4%
39.6%
40.8%
50.4%
OP%
4.4%
3.9%
10.4%
20.1%
12.5%
PBT%
6.0%
2.3%
12.0%
21.8%
14.4%
Business Unit
Software Services
EngineeringServices
Embedded
Revenue($ Mn)
19.25
13.19
1.17
CM%
40.7%
20.5%
19.5%
OP%
15.9%
4.0%
4.6%
PBT%
17.6%
2.3%
2.9%
Analysishasbeendoneassumingaconstantcurrency&manpowercosthasbeentakenatstandardcost
SoftwareServicesincludesIP
Confidential
46
GENERALINFORMATION
Q1FY17
Confidential
47
ConferenceCallDetails
Q1FY17ResultsConferenceCallisscheduledonTuesday,August9th,2016at16:15hrs
IST
Geometricwillberepresentedby
Mr.ManuParpia,MD&CEO
Mr.ShashankPatkar,CFO
Dialindetails
Location
AccessNumber
PrimaryAccessNumber
+91.22.39600622
SecondaryAccessNumber
+91.22.67465822
NonIndiaTollFreeNumbers
USA
+1.866.7462133
UK
0.808.1011573
Singapore
800.1012045
HongKong
800.964448
Confidential
48
AboutGeometric
AboutGeometric
Geometric is a specialist in the domain of engineering solutions, services and technologies. Its portfolio of Global
Engineering services, Product Lifecycle Management (PLM) solutions, Embedded System solutions, and Digital
Technology solutions enables companies to formulate, implement, and execute global engineering and
manufacturing strategies aimed at achieving greater efficiencies in the product realization lifecycle.
Listed on the Bombay and National stock exchanges in India, the company recorded consolidated revenues (as per
Indian GAAP) of Rupees 12.33 billion (US Dollars 188.49 million) for the year ended March 2016. It employs over 4700
people across 14 global delivery locations in the US, France, Germany, Romania, India, and China. Geometric has been
assessed at Maturity Level 3 for CMMI 1.3 Development and CMMI 1.3Services for its Software and Engineering
Services business units and is ISO 9001:2008 certified for engineering operations. The companys operations are also
ISO 27001:2005 certified.
Thecopyright/trademarksofallproductsreferencedhereinareheldbytheirrespectivecompanies.
For more information, please contact: investorrelations@geometricglobal.com
Confidential
49
ENDOFPRESENTATION
Confidential
50
INTERPRETATIONGUIDEFORREPORTEDDATA
Confidential
51
Guide1
Slide#
10,11,27,
28
Item
IncomeStatement
Explanation
Incomestatementprovidedisinthe MIS format.
MISformatisdifferentfromtheincomestatementpublishedaspartoffinancial resultsin
termsofgroupingofcostelements.
Keydifferencestobenotedareasfollows:
1. MISformatbreaksupoperatingcostsasCOR,S&MandG&A
2. Depreciationlineitem inMISformatalsoincludestheleaserentalsforcomputing
hardware(CAPEXequivalent)andexcludessoftwaredepreciationwhichisclubbed
undersoftwareexpensesinCOR
3. FXgain/(loss)isgroupedunderOtherIncomeinMISformatasagainstoperatingcost
infinancials.
ForEBITDAcalculation,amortizationsoftwarehasbeenaddedandleaserentals
havebeenreducedindepreciation
20,30
HCC&LCC
HCC:Deliveryfromhighcostcountry(Otherthan India,RomaniaandChina)
LCC:Deliveryfromlowcostcountry(India, RomaniaandChina)
16,20,30
InvestmentIncome
Investmentincomeincludesdividendfrommutualfunds,interestearnedonbankdeposits
andprofitonsaleofmutualfundinvestments.
12,13
Manpower
Manpowercosts inMISexcludestaffwelfare,butincludemediclaimandgroupinsurance
costandSubcontractingvisvispersonnelcostsinfinancials
Confidential
52
Guide2
Slide#
Item
Explanation
12,13
Travel
Reimbursementoftravelexpensesbyemployeesaregroupedundertravelexpenseswhile
thesamehasbeengroupedunderotherexpensesinfinancialresultadvertisement
ThisdoesnotincludeTravelExpensesreimbursable fromcustomer.
13
Facility
Facilitycostsincluderentandservicecharges,electricitycharges,repairsandmaintenance
excludingthatofEPABXandUPS
13
FacilityDepreciation
Includesdepreciationonleaseholdland,building,electricalinstallations,officeequipments
and furnitureandfixtures
13
Nonfacility
Depreciation
Primarilyconsistsofdepreciationoncomputing hardware
13
LeaseRentals
Includesleaserentpaidforcomputinghardware
22to25,
32to37
RevenueAnalysis
AnalysisreportedisforUSDoperatingrevenue
Confidential
53
Guide3
Slide#
Item
Explanation
25,35
Customer Segments
Software ISVsegmentconsistsofS/WproductcompaniesgivingusOPDbusiness.Strategic
PartnersegmentconsistsofS/WproductandconsultingcompaniesengaginginPLM
SolutionsandEngineeringServicesbusiness.DirectIndustrialsegmentconsistsofindustrial
companiessourcingalltypesofservicesfromGeometric.
37
CustomerRevenue
Analysis
AnalysisreportedisforUSDoperatingrevenue.Distributionisonthebasisofannualized
figures(i.e.quarterlyrevenuex4).
38
DealAnalysis
Newdealswonrefers tonewbusinesswinswithexistingornewcustomers.Thisexcludes
rampupinorextensionofexistingcontracts.
42
ProjectTypeRevenue
Analysis
AnalysisreportedisforUSDoperatingrevenue excludingProductsandH/Wreimbursement
revenue.
Confidential
54
Guide4
Slide#
Item
Explanation
43
EmployeeBase
Employeeheadcountreportedincludesallpermanentemployees.
43
Experience Profile
Distribution reportedisforallemployeesincludingsalesandcorporatesupportfunctions
44
Attrition
Onlyundesiredattritiondataisreported.Differenceinthenetadditionreportedonslide34
anddifferenceinheadcountreportedinslide33isonaccountofdesiredattrition.
%Attritionreportedisonanannualizedbasis.
40
DSO
DSOreported isonaquarterlybasis
40
%Tax
IncludesimpactofFBTanddeferredtax
40
CAPEX
IncludesnormalCAPEXandpurchasevalueofleasedcomputinghardware
40
OutstandingLoans
AllFXloansarerevaluedattheend ofthequarterbasedontheclosingexchangerate
Confidential
55
Manu Parpia
Managing Director & CEO