Atento reported its financial results for the second quarter of 2015. Revenue grew 11% year-over-year to $515.7 million, driven by strong growth in Brazil and the Americas. Adjusted EBITDA increased 15.8% to $62.1 million with margins expanding 40 basis points to 12%. The company reaffirmed its full year 2015 guidance and remains focused on profitable growth through new client wins and margin expansion initiatives.
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Centene, a large multi-line managed care organization, was looking to modernize and streamline its corporate performance management (CPM) applications.
Centene had to move data between platforms multiple times during the close process so that close data could be fully consolidated and made available for reporting. This process had numerous challenges and inefficiencies that Centene wished to improve upon so that they could provide a more streamlined and more transparent process to the functional teams that leverage consolidated financials in their systems for reporting and analysis.
Centene chose OneStream XF for global and US consolidations, currency conversion, eliminations, and ownership percentage.
Michael Vannoni, director, financial systems solutions discussed the migration to OneStream XF including:
-Factors leading to the selection of OneStream XF
-Details of the solution design
-Benefits realized with global consolidation implementation
-Future planned enhancements
It covers all the important concepts and has relevant templates which cater to your business needs. This complete deck has PPT slides on Ibp Processes PowerPoint Presentation Slides with well suited graphics and subject driven content. This deck consists of total of thirty slides. All templates are completely editable for your convenience. You can change the colour, text and font size of these slides. You can add or delete the content as per your requirement. Get access to this professionally designed complete deck presentation by clicking the download button below. http://bit.ly/2SrKsXd
Event Report - Informatica Informatica World 2016Holger Mueller
Learn about theTop 3 Takeaways Constellation Research analyst Holger Mueller has distilled from Informatica Informatica World 2016, happening in San Francisco, May 23rd till 26th 2016.
Centene's Financial Transformation Journey: A OneStream Success StoryPerficient, Inc.
Centene, a large multi-line managed care organization, was looking to modernize and streamline its corporate performance management (CPM) applications.
Centene had to move data between platforms multiple times during the close process so that close data could be fully consolidated and made available for reporting. This process had numerous challenges and inefficiencies that Centene wished to improve upon so that they could provide a more streamlined and more transparent process to the functional teams that leverage consolidated financials in their systems for reporting and analysis.
Centene chose OneStream XF for global and US consolidations, currency conversion, eliminations, and ownership percentage.
Michael Vannoni, director, financial systems solutions discussed the migration to OneStream XF including:
-Factors leading to the selection of OneStream XF
-Details of the solution design
-Benefits realized with global consolidation implementation
-Future planned enhancements
It covers all the important concepts and has relevant templates which cater to your business needs. This complete deck has PPT slides on Ibp Processes PowerPoint Presentation Slides with well suited graphics and subject driven content. This deck consists of total of thirty slides. All templates are completely editable for your convenience. You can change the colour, text and font size of these slides. You can add or delete the content as per your requirement. Get access to this professionally designed complete deck presentation by clicking the download button below. http://bit.ly/2SrKsXd
Event Report - Informatica Informatica World 2016Holger Mueller
Learn about theTop 3 Takeaways Constellation Research analyst Holger Mueller has distilled from Informatica Informatica World 2016, happening in San Francisco, May 23rd till 26th 2016.
H1 2015 Venture Capital Financing in CanadaAmir Bashir
Developed a deep-dive summary of how venture capital was distributed across Canada in H1 2015. The report analyzed vc financing by location, industry and technology trend. I developed this report because I found publicly available information to be too broad for the insights I was looking for. Hopefully this will be more helpful to the community.
Supply Chain Metrics That Matter: Semiconductors and Hard Disk Drives - 18 FE...Lora Cecere
Executive Overview
Supply chain leaders struggle to align corporate and supply chain strategy and drive improved performance. We term this difficult balancing act The Effective Frontier and explain it as the process of balancing growth, profitability, cycle and complexity within a company’s supply chain operations.
A supply chain is a complex system with increasing complexity. A major gap in many supply chain strategies is a nuanced understanding of supply chain potential when these elements are viewed together as a system.
The focus of this report is semiconductor and hard disk drive manufacturers. As seen in table 1, when it comes to supply chain performance, the industry is neither the best nor the worst. They fall squarely in the middle. While middle of the pack in operating margin, the industry has shown an increase in the cash-to-cash cycle and a decrease in inventory turns. With increasing complexity, the industry has struggled to maintain inventory turn performance over the period.
Companies further back in the supply chain have struggled to a higher degree to balance The Effective Frontier than those closer to usage. This is largely due to the bullwhip effect—the distortion of a demand signal as it gets passed downstream from trading partner to trading partner. The chemical industry manufacturers, like semiconductor & hard disk drive manufacturers, are three to five levels back in the supply chain. Comparing the results in table 1 for the two industries illustrates how much better the semiconductor & hard disk drive manufacturers have done in a similar orientation. Operating margin is comparable across the two, but the chemical industry has a higher cash-to-cash cycle level and almost a 50% lower inventory turns value.
Semiconductor and hard disk drive manufacturers have been successful in a challenging downstream position. Cost pressure from OEMS has not (as of yet) cut into margin, and growth levels have remained strong with the move to mobile. Inventory remains problematic with all six companies in this report, demonstrating increased DOI and decreased inventory turns, since the start of the century. Part of this is likely due to the lengthening of the global supply chain, while another part is partly due to rising product and process complexity, but it remains a concern.
Historically, the industry has made strong gains on productivity. An increasing move towards automation in the precision driven manufacturing environment is expected to continue the rise in revenue per employee performance.
In this report, we discuss the financial realities of the semiconductor and hard disk drive supply chain and offer recommendations for improvement.
Sustainability isn’t about the fuzzy “we care about people and the environment” statements any more. Consumers and analysts increasingly demand hard evidence to support your claims and hold you accountable for the actions of your suppliers. Are you doing enough?
Navigating Storage in a Cloudy EnvironmentHGST Storage
Steve Campbell, Chief Technology Officer at HGST, presents at Cloud Expo 2013 on the data center evolution, enterprise solid state drives, the future of data storage, and more.
Today, I’m happy to release a data-driven review of VC investment trends in Europe and Israel in 2016. I’ve tried to put some new and useful data points into the deck, so let me know what you think of the new stuff. And please let me know what else you think I should be tracking and showing in the deck next time.
Some key highlights:
Overall, investment volume was up in 4Q, but still below 2Q’s record high
Total VC investment volume into Europe and Israel in 2016 was $14.5B, up from $12.1B in 2015, and increase of 20%
There were six mega-deals (over $100M) in 4Q, and 15 in total in 2016
Excluding the megadeals, investment volume declined in 4Q, the second quarterly decline in a row
Israel saw more VC investment activity than any other country in Europe with $3.9B in 2016. The UK and Germany were next with $3.0B and $2.3B, respectively
US VCs invested in around 11% of European/Israeli venture rounds. Israel, the UK, and Germany led in terms of US VC participation
Fintech was the most frequently funded vertical, with 178 investments. Marketing was second with 109
The categories that showed the most growth in frequency from 2015 to 2016 were Imagining (+400%), Agtech (+475%), and Automotive (+1100%)
You’ll find all that and more in the 61-page report
Lean supply chain management une étude dans l'industrie chimiqueErdem Dursun
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Concept of PM, 7Ms, Process selection, Capacity Asessment, Takt time vs Cycle time & it's conditions, Line Balancing, Plant Layout Sample, 7 MUDA's, 7 Zeros, Maintenance Management & it's types, Quality Control / Quality Assurance, Fishbone Diagram, Japanese Production Terminalogies, Push vs Pull System.
Medtronic Quaterly result FY24 financial statementprasu35
We and our 10 partners store and access information on your device for personalized ads and content. Personal data may be processed, such as cookie identifiers, unique device identifiers, and browser information. Third parties may store and access information on your device and p
Similar to Q2 fy15 atento earnings presentation final (20)
2. 2
Disclaimer
This presentation has been prepared by Atento. The information contained in this presentation is for informational purposes only. The information
contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment
decision. This presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any
particular person.
This presentation contains forward-looking statements within the meaning of the U.S. federal securities laws, that are subject to risks and uncertainties.
All statements other than statements of historical fact included in this presentation are forward-looking statements. Forward-looking statements give
our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business.
Forward-looking statements can be identified by the use of words such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates,"
"predicts," "intends," "continue“, the negative thereof and other words and terms of similar meaning in connection with any discussion of the timing or
nature of future operating or financial performance or other events. These forward-looking statements are based on assumptions that we have made
in light of our industry experience and on our perceptions of historical trends, current conditions, expected future developments and other factors we
believe are appropriate under the circumstances. As you consider this presentation, you should understand that these statements are not guarantees of
performance or results. They involve risks, uncertainties (some of which are beyond our control) and assumptions. Although we believe that these
forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results and
cause them to differ materially from those anticipated in the forward-looking statements.
Because of these factors, we caution that you should not place undue reliance on any of our forward-looking statements. Further, any forward-looking
statement speaks only as of the date on which it is made. New risks and uncertainties arise from time to time, and it is impossible for us to predict
those events or how they may affect us. We have no duty to, and do not intend to, update or revise the forward-looking statements in this presentation
after the date of this presentation.
The historical and projected financial information in this presentation includes financial information that is not presented in accordance with
International Financial Reporting Standards (“IFRS”). We refer to these measures as “non-GAAP financial measurers.” The non-GAAP financial
measures may not be comparable to other similarly titled measures of other companies and have limitations as analytical tools and should not be
considered in isolation or as a substitute for analysis of our operating results as reported under IFRS.
Additional information about Atento can be found at www.atento.com.
5. 5
Highlights
Notes:
(1) Unless otherwise noted, all results are for Q2 2015; all growth rates are on a constant currency basis and year-over-year comparison
Strong topline growth drives market share gains in LatAm CRM/BPO market
Particular strength in Brazil and the Americas with revenue growth of 14.3% and 16.8%, respectively
Continued to acquire new clients, grow share of wallet with existing clients, and increase penetration of
higher-value solutions
Uniquely positioned to capture growth opportunities created by current macroeconomic environment
Margin expansion initiatives contribute to improved profitability
Adj. EBITDA margin up 40 basis points with a 15.8% increase in adj. EBITDA
Operational rigor and excellence with industry leading service levels
Opex efficiencies driven by scale and site locations
Strengthened balance sheet and enhanced financial flexibility
Leverage of 1.6x with liquidity of $173.1MM
Reaffirm full year fiscal 2015 guidance
6. 6
Winning in the Current Environment
Industry leader in LatAm CRM/BPO market
Optimal geographic footprint
Favorable industry growth drivers
Expect macroeconomic headwinds to continue
Generalized cost inflation
Companies looking to reduce costs and improve efficiencies
Best positioned to capitalize on industry dynamics
Increased outsourcing as companies look to lower costs
U.S. nearshore opportunities becoming more attractive to companies
Effective strategy drives profitable growth, sustainable shareholder value creation
7. 7
Strategy to Deliver Sustainable Earnings Growth on Track
Reiterate 2015 outlook
Earnings
growth
High revenue
visibility
99%+
revenue
retention
rate
TEF MSA
throughout
2021
Multi-pronged
growth agenda
Share of wallet
gains through
an increase in
higher value
solutions
New growth
avenues: non-
TEF telco,
financial, US
near-shore,
and Carve Outs
Operations
efficiency program
Margin expansion
initiatives:
• Operations
productivity
• Lower turnover
• Global
procurement
• Site relocation
Capital structure
optimization
Enhanced
financial
flexibility
Attractive
market growth
Growing
market due to
favorable
industry
tailwinds &
market
dynamics
Gained market share – extended leadership position in CRM/BPO LatAm market
Optimal balance of growth and profitability
Invest to support long-term competitiveness and financial strength
9. 9
Q2 Q2
USDm 2014 2015
Revenue 592.3 515.7
CCY growth 11.0%
Adjusted EBITDA 68.8 62.1
Margin 11.6% 12.0%
CCY growth 15.8%
Adjusted EPS $0.27 $0.21
CCY growth 5.6%
Leverage (x) 1.7 1.6
Consolidated Financial Highlights
Key Highlights
Balanced financial results
11.0%(1) revenue growth ex-Czech Republic (15.3% in LatAm(3))
Operating leverage drives a 15.8% increase in adj. EBITDA
12.0% adj. EBITDA margin, up 40 basis points
5.6% growth in adj. EPS, ex. one-time tax benefit in Q2 2014, up 110%
Significant regional progress
Brazil: non-TEF growth of 18.4% drives a 14.3% increase in revenue
Americas: revenue up 16.8%
EMEA: Spain macroeconomics remain challenging
Continued revenue diversification
Solutions penetration 23.8% of total revenue, up almost 200 basis points
Non-TEF revenue 54.1% of total revenue, up approx. 200 basis points
Increased financial flexibility
Leverage of 1.6x
Liquidity of $173.1MM in cash and cash equivalents in addition to €50MM
in undrawn revolving credit facility
Notes:
(1) Excludes Czech Republic, which was divested in December 2014
(2) Unless otherwise noted, all results are for Q2 2015; all growth rates are on a constant currency basis and year-over-year comparison
(3) LatAm includes Brazil and Americas regions
(1)
10. 10
41.3
34.6
Q2 2014 Q2 2015
309.6
256.9
Q2 2014 Q2 2015
Brazil Summary
Revenue
The leading provider of CRM/BPO services in Brazil
14.3% growth despite challenging macro-environment
18.4% growth in non-TEF revenue driven by new clients and
increased share of wallet with existing clients
8.6% growth in TEF
Significant commercial wins:
Approximately 1,000 workstations won with new and
existing clients
Adjusted EBITDA
15.7% growth in adj. EBITDA
Excluding corporate costs allocation, adj. EBITDA margin
increased 50 basis points to 14.3%
Benefits of margin expansion initiatives more than offset
ramp of new clients
$MM
CCY Growth
Adj. EBITDA margin: 13.3% 13.5%
$MM
CCY Growth +14.3%
Adj. EBITDA margin
ex-corp. costs allocation: 13.8% 14.3%
15.7%
18.2%
Notes:
(1) Unless otherwise noted, all results are for Q2 2015; all growth rates are on a constant currency
basis and year-over-year comparison
Key Highlights
11. 11
32.0% growth in adj. EBITDA
Excluding corporate costs allocation, adj. EBITDA margin
increased 210 basis points to 15.3%
Benefits of margin expansion initiatives more than offset
ramp of new clients
24.7
28.3
Q2 2014 Q2 2015
193.2 198.2
Q2 2014 Q2 2015
Americas Summary
Revenue
16.8% growth driven by strong performance across the region
and across verticals
15.3% non-TEF growth driven by solid growth in most
markets supported by new and existing clients
18.5% growth in TEF
Significant commercial wins
Adjusted EBITDA
CCY Growth +16.8%
CCY Growth
Adj. EBITDA margin: 12.8% 14.3%
Adj. EBITDA margin
ex-corp. costs allocation: 13.2% 15.3%
32.0%
35.2%
$MM
$MM
Notes:
(1) Unless otherwise noted, all results are for Q2 2015; all growth rates are on a constant currency basis
and year-over-year comparison
Key Highlights
12. 12
5.5
2.5
Q2 2014 Q2 2015
89.8
61.1
Q2 2014 Q2 2015
EMEA Summary
Revenue
EMEA remains challenged due to weak Spanish macro-
environment
Revenue decreased by 15.7%, or by 13.3% ex Czech
Republic
Non-TEF revenue decreased 10% ex Czech Republic
Commercial wins in Q2 will support future growth in non-TEF
revenue
$MM
Adj. EBITDA
margin:
6.1% 4.1%
Adjusted EBITDA
$MM
CCY Growth (15.7)%
Decrease in adj. EBITDA driven by the decline in revenue
CCY Growth
(45.5)%
Notes:
(1) Unless otherwise noted, all results are for Q2 2015; all growth rates are on a constant currency
basis and year-over-year comparison
Key Highlights
13. 13
Balance Sheet Highlights
$MM
Leverage of 1.6x
Liquidity of $173.1MM in cash and cash
equivalents with an additional €50MM in undrawn
revolving credit
Strengthened Balance Sheet and Deleveraging Enhance
Financial Flexibility
Q2 2014 Q2 2015
Cash and cash equivalents 178.2 173.1
Total Debt 745.3 637.2
Net Debt 507.6 464.1
Net Debt / Adj. EBITDA 1.7 x 1.6 x
15. 15
Key Takeaways
1. On track with operational and financial initiatives including above market growth,
improved profitability and increased financial flexibility.
2. Macro headwinds are a reality; focused strategy and resilient business model will
allow us to drive the optimal balance of growth and profitability.
3. Making the right investments to strengthen our competitive advantage and drive
sustainable shareholder value creation.
17. 17
Q2 2014 Q2 2015
EBITDA (non-GAAP) 43.0 57.9
Acquisition and integration related costs 3.0 -
Restructuring costs 16.6 2.7
Sponsor management fees 2.1 -
Site relocation costs 1.0 0.1
Financing and IPO fees 5.7 -
Asset impairments and Other (2.6) 1.4
Adjusted EBITDA (non-GAAP) 68.8 62.1
Reconciliations
Reconciliation of EBITDA and Adjusted EBITDA
$MM
Q2 2014 Q2 2015
Profit for the period (9.7) 6.5
Acquisition and integration costs 3.0 -
Amort. of Acquisition of Intangibles 9.9 6.9
Restructuring Costs 16.6 2.7
Sponsor management fees 2.1 -
Site relocation costs 1.0 0.1
Financing and IPO fees 5.7 -
PECs interest expense 10.2 -
Asset impairments and Other (2.6) 1.4
Net foreign exchange gain of financial
instruments
- (1.0)
Net foreign exchange impacts (restated) - 2.6
Tax effect (16.4) (3.5)
Adjusted Earnings 19.8 15.7
Adjusted EPS $0.27 $0.21
Reconciliation of Adjusted EPS to Profit/(Loss)
$MM, except per share
18. 18
Glossary of Terms
Adjusted EBITDA – EBITDA adjusted to exclude the acquisition and integration related
costs, restructuring costs, sponsor management fees, asset impairments, site relocation
costs, financing and IPO fees and other items which are not related to our core results
of operations
Adjusted net income(loss) – net loss which excludes corporate transaction costs, asset
dispositions, asset impairments, the revaluation of our derivatives and foreign exchange
gain (loss), and net income or loss attributable to non-controlling interests and debt
extinguishment
Adjusted EBITDA margin – Adjusted EBITDA excluding special items/operating revenue
Free cash flow –net cash flows from operating activities less cash payments for
acquisition of property, plant and equipment, and intangible assets
Liquidity – cash and cash equivalents