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December 2013 MICROS Systems, Inc. FY2014 Investor Presentation.

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Presentation on theme: "December 2013 MICROS Systems, Inc. FY2014 Investor Presentation."— Presentation transcript:

1 December 2013 MICROS Systems, Inc. FY2014 Investor Presentation

2 2 These statements may be identified either orally or in writing by words as expects, anticipates, intends, plans, believes, seeks, estimates, will or words of similar meaning. Such statements are based on our current expectations and certain assumptions, and are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond MICROS Systems, Inc. control, affect its operations, performance, business strategy and results and could cause the actual results, performance or achievements of MICROS Systems, Inc. worldwide to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. For us, particular uncertainties arise, among others, from changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products or technologies by other companies, lack of acceptance of new products or services by customers targeted by MICROS Systems, Inc. worldwide, changes in business strategy and various other factors. More detailed information about certain of these factors is contained in MICROS Systems, Inc. filings with the SEC, which are available on the MICROS Systems, Inc. website, and on the SECs website, Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the relevant forward-looking statement as anticipated, believed, estimated, expected, intended, planned or projected MICROS Systems, Inc. does not intend or assume any obligation to update or revise these forward- looking statements in light of developments which differ from those anticipated. Safe Harbor Statement This presentation contains forward-looking statements and information – that is, statements related to future, not past, events.

3 3 MICROS at a Glance

4 4 Vision To be the leading provider of industry specific enterprise applications and related services and hardware to the Food & Beverage, Hotel and Retail Industries Key Value Drivers Complete-solution provider: software + services + hardware Global sales and service infrastructure Focused R&D effort driving real innovation

5 5 Applications with mission-critical functionality, superior reliability and deep domain expertise Broad product suite capable of covering many market segments -Primary focus on complex, higher end applications Extensive range of services -Recurring revenue increasing to 45% of total revenue -Significant focus on Hosted & SaaS applications Flexible technology stack -Hosted/on premise/mobile -MICROS and OEM hardware -Extensive third-party integration Global footprint -Over 6,500 + associates in over 50 countries -Headquarters-Columbia, Maryland USA Company Strengths

6 6 13% 5% 21% FY2013 Business Views

7 7 $ Amount$ Change% Change Revenue$1.268B+$160.6M +14.5% reported growth -0.9% organic growth Free Cash Flow$176.0M+$20.7M+13.3% GAAP Operating Income $227.0M-$7.5M-3.2% Non-GAAP Operating Income $259.5M+8.1M+3.2% GAAP Net Income$171.4M+$4.4M+2.7% Non-GAAP Net Income $191.9M+9.3M+5.1% GAAP EPS$2.12+$ % Non-GAAP EPS$2.38+$ % MICROS Financials: FY2013 vs. FY2012

8 8 Food & BeverageHotelsRetail 200k+ sites Table Service Quick Service Stadiums/Arenas Theme Parks Cruise Ships/Airports 30k + sites Chains 20k + sites Luxury Resorts Limited Service Casinos Cruise Ships 100k+ sites Specialty Retail Hard Goods Grocery Petro/Convenience Omni-Channel MICROS Market Verticals

9 9 SoftwareServices Hardware Vertical enterprise platforms Help desk Industry specific Global platforms Field hardware support POS terminals On-Premise Installation services Printers Hosted/SaaS platforms Hosting/SaaS centers Peripherals Mobile Payments gateway Kitchen displays Custom development Customer displays Third-Party APIs eCommerce services Third-party reseller We are a Complete Solutions Provider

10 10 Food & Beverage Product Functionality

11 11 Kitchen & Pantry inventory management, employee labor log & loss prevention POS Restaurant lobby Central order & credit card processing, loyalty/gift cards programs & electronic payments Central reservation & delivery order system, consolidating from all online platforms F&B POS Order communication and chef direction through POS (KDS) POS Kitchen & Pantry Business intelligence reporting capabilities direct to the corporate office POS MOBILE POS MOBILE POS ELECTRONIC MENU ELECTRONIC MENU Dining Room Food & Beverage Product Functionality Denotes digital signage

12 12 Corporate Inventory Management Labor Management Menu Management Financial Management Business Intelligence Reporting Loss Prevention Gift / Loyalty Programs Online Ordering eCommerce Social Media Web Site Development Web Site Hosting Marketing Programs Front of House Order Processing POS Terminals Credit Card Authorization Cash Management Kitchen Operations Guest Services Kiosk Table Management Mobile Payments Restaurant Reservations On-Line Ordering Digital Menu Boards Back of House Labor Management Product Management Financial Management Gift/Loyalty Card Management Loss Prevention Transaction Analyzer Data Reporting Kitchen Printing Integration to Hotel Systems Kitchen Display Systems Food & Beverage Product Functionality

13 13 Hotel Product Functionality

14 14 In-house Restaurant RETAIL POS S&C Check-in / Check-out: all inbound reservations Spa Check-in Gift Shop Spa Room reservation, entertainment purchases & in-room dining Corporate Office: inbound reservation management & outbound promotional marketing, electronic payments Front Office F&B POS S&C Function management Mobile Check-in CRS / CIS PROPERTY MANAGEMENT POS Hotel Product Functionality Denotes digital signage 14

15 15 Property Level Check In / Check Out Payment Applications Room Reservations Catering and Events Room Blocks Sales & Catering Function Space Management Banquet Posting Heath Spa & Golf Scheduling Mixed Properties w/ Condos Accounting Reporting Revenue Management Mobile Reservations Web Sites and Social Media Corporate Level Enterprise Reservations Room Inventory Multiple Hotels Guest Profiles Loyalty Programs Web Booking Engine Customer Relationship Mgmt Sales Force Automation Revenue Management GDS Interface eCommerce Web Site Development Web Site Hosting Social Media Distribution Level Room Inventory for Hotels around the world. GDSs Sabre Galileo Amadeus Worldspan OTAs Expedia Travelocity Hotel Product Functionality

16 16 Retail Product Functionality

17 17 POS RETAIL POS Stock room Office Check-out Retail inventory management, employee labor log, loss prevention Direct to warehouse communication Business intelligence reporting direct to corporate headquarters Mobile POS, ordering, loyalty/gift cards programs & electronic payments MOBILE POS MOBILE POS Omni-channel / Sales & Ordering Retail Product Functionality Denotes digital signage

18 18 Back of House Store Administration Real Time CRM Integration Labor Management Merchandising Sales Productivity SKU Ordering Inventory Shipping/Receiving Queries & Reporting Real Time Alerts Loss Prevention In Store POS Transactions Layaway / Special Order Item Locator Alterations & Repair Tracking Best Deal Pricing Work Order Management Customer/Purchase History Return Validation Gift/Loyalty Cards Payment Authorizations Mobile Ordering Corporate Cross Channel Management Inventory Management Financial Management Marketing Auditing Business Intelligence Reporting Loss Prevention eCommerce Web Site Development Web Site Hosting Social Media Retail Product Functionality

19 19 FY2013: Year In Review Integration of Torex-good revenue growth but lower margin business Global macro issues in Europe & US resulting in negative organic growth Strong growth in Asia/Pacific and Latin America Major success with global chain wins-all verticals Technology driving both competitive threats and comparative advantage Implemented vertical leadership teams Began process towards global R&D and Hosting/SaaS teams

20 20 MICROS Financially Strong FY2013 Cash $634.1M Fiscal 2013 ROE 15.5% Free cash flow $176.0M Fiscal 2013 ROA 10.9% Aggressive stock repurchase plan in place-$176.6M of shares repurchased Fiscal 2013 Book Value $14.53 (6.8% increase YOY)

21 21 $ in Millions $914 $1,008 $1,108 $908 $1,268 Fiscal Years Ending June 30 Revenue $159 $226 $180 $251 $259 Non-GAAP Operating Income $ in Millions $1.57 $1.92 $2.22 $1.34 $2.38 Non-GAAP EPS $ per Share 5-Year Financial View

22 22 Selected MICROS Clients

23 23 Select Recent Client Wins Food & Beverage Starwood Hotels Selects Simphony as Next-Generation F&B Platform Compass Group North America Selects Simphony SONIC Corp. selects MICROS Restaurant Enterprise Series Hotels Marriott Selects MICROS OPERA as Global Platform Louvre Hotels Renews OPERA Cloud Service for 5 Years Dolce Hotels Rollouts OPERA 9 Mobile Front Desk Retail Charlotte Russe Selects MICROS Commerce Platform Steve Madden Selects Xstore, Mstore & CRM Solutions C&A Brazil Selects Lucas Retail Platform

24 24 FY2014 To Date

25 25 FY2014 To Date Focus on sales growth & pipeline Stronger global account management Implementing company-wide client satisfaction surveys Winning major new chains…regionally… globally R&D organization formed, leader on board CIO Hosting/SaaS organization formed, leader on board

26 26 $ Amount$ Change% Change Revenue$314.8+$14.9M +5.0% Free Cash Flow$49.0M+$43.0M+713.8% GAAP Operating Income $52.4M-$0.8M-1.6% Non-GAAP Operating Income $61.1M+0.9M+1.5% GAAP Net Income$32.3M-8.8M-21.4% Non-GAAP Net Income $38.6M-7.8M-16.9% GAAP EPS$0.42-$ % Non-GAAP EPS$0.50-$ % MICROS Financials: FY2014-Q1

27 27 A return to organic growth… while making long term investments $ Amount% Change Revenue Goal$1.295B to $1.320B2.1% to 4.1% Growth Non-GAAP EPS$2.46 to $ % to 5.0% Growth FY2014 Guidance

28 28 Washington / Columbia London Frankfurt Dusseldorf Buenos Aires Sydney UAE Singapore Denver Mexico City Sao Paulo Buffalo Galway Shanghai Cleveland Naples Asia Pacific FY2013 Revenue 13% 614 Associates Latin America FY2013 Revenue 5% 377 Associates EAME FY2013 Revenue 44% 2,957 Associates United States/Canada FY2013 Revenue 38% 2,558 Associates 28 Global Sales, Service, & Infrastructure

29 29 MICROS Stock Performance: 5-Year View

30 30 Thank You

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