IRIS RegTech Solutions Limited · NSE:IRIS

IRIS RegTech Solutions — IRIS Business Services — Investor Presentation (October 2017)

50 slides from IRIS RegTech Solutions's investor presentation, Oct 28, 2017

  1. Slide 1: Company Overview for Investors

    Company Overview for Investors 28th October 2017 IRIS Compliance, Data & Analytics 1

  2. Slide 2: Disclaimer

    Disclaimer This does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed to constitute an offer. No representation or warranty, express

  3. Slide 3: If data is the new oil we are its refiners

    If data is the new oil we are its refiners 3

  4. Slide 4: Last week in India: XBRL disclosure mandates

    Last week in India All disclosures The stock made in soft copy exchanges shall by the listed entity move to shall be in XBRL disclosures by format to the listed entities on stock exchanges exchange and in any platforms in XBRL searchable format format in latest on its website. available taxonomy no

  5. Slide 5: About the IPO

    About the IPO ISSUE DETAILS ISSUE TIMELINE Issue size: Rs 16.05 crore DP filed : Sept 18, 2017 Oversubscribed 2.3 times Issue open: Sept 29, 2017 Issue price: Rs 32 Listing date: Oct 11, 2017 Valuation: 1.7 X Trailing sales STOCK PERFORMANCE APPLICATIONS RECEIVED Listing price: Rs 34, CMP: Rs 66.50

  6. Slide 6: Post IPO Update

    Post IPO Update • Repaid a Rs. 3 crore loan Financial • 2 additions to Board of Directors • Ashok Venkatramani, ex HUL, ex Star News, brings a wealth of marketing experience • Bhaswar Mukherjee, Ex Director (Finance), HPCL Governance • Board Status: Total 8 Directors of which 5 are independent inclu

  7. Slide 7: 7 things about us

    7 things about us The promoters are 1st generation entrepreneurs. We are a fintech company operating in a subset called Regtech. It is early days for the Regtech industry and we are an early bird Our business is recession proof, as all compliance business is The market opportunity we are seeking to

  8. Slide 8: The Founders

    The Founders Together since 1994  M. A. (Economics) from Yale University, USA; B.Sc (Hons) from St Xaviers College, Kolkata  Served as a consultant to the World Bank in Washington DC  Early career in the media, serving in senior positions with India's leading financial daily, The Economic Times a

  9. Slide 9: We are a global Regtech firm

    We are a global Regtech firm CREATE Offerings range from enterprise software to Cloud / SAAS to create documents CONSUME ready to be filed with regulators. Software tools for data analysis. Plus, a global repository of normalised financial data culled from filings, if available publicly. COLLECT Sof

  10. Slide 10: What we are not

    What we are not KPO IT BPO Services

  11. Slide 11: What we are

    What we are A BIT OF SAAS A BIT OF SOFTWARE DAAS PRODUCTS 11

  12. Slide 12: It does not matter what you call us

    Name Calling AI Regtech Analytics It does not matter what you call us Data Cloud Fintech Machine Blockchain Learning Our business revolves around Data 12

  13. Slide 13: Global Peers

    Global Peers Sales Price / Marketcap (in Rs Company Listed Trailing Similarities Footprint (in Rs Cr) Cr) Sales Workiva NY 6070 1250 4.9 “Create” USA Issuer NY 316 78 4.1 “Create” USA Direct 3 segments: IRIS Mumbai 125 27 4.6 Collect, Create & Global Consume Analytix Toronto 83 9.7 8.6 “Consume” Glo

  14. Slide 14: Business Highlights

    Business Highlights • Company provides software products for compliance, data and analytics. • Company has offerings across the information supply chain, and working across data standards. • IRIS is a global leader in XBRL, recently launched solutions for GST filings. • Clients include Enterprises,

  15. Slide 15: Governance

    Governance • Company managed by the CEO reporting to a 8 member Board of directors • Our governance standards have exceeded what is required of listed companies.  5 of the 8 member Board are independent directors, rest are promoter directors From 2010 onwards independent directors have been in a ma

  16. Slide 16: Our disclosure commitment

    Our disclosure commitment What we will do • Hold Investor / Analyst webinars twice a year • Disclose order book every quarter • Disclose every new partnership or sales alliance of significance • Make our financial results available in XBRL and link it to the financial model of analysts at no cost to

  17. Slide 17: Our people

    Our people 1% 15, 5% 13, 5% How old are 6% Functions at 27, the staff at IRIS 9% IRIS 110, 39% 119, 42% 38% 55% Overheads Sales & BD, Marketing Technology Under 30 31-40 41-50 50+ Domain Content creation Staff Tenure @ IRIS Less than 1 year 35, 12% 55, 20% 1 - 2 years 2 - 3 years 20, 7% 3 - 4 years

  18. Slide 18: Our journey so far

    Our journey so far iFile goes live at MCI (Saudi Arabia), DBD (Thailand) and Bank of Vice President of India Mauritius. iFile SaaS inaugurates SAI Portal iFile live at Saudi model launched for built by IRIS Pilot iFile implementation Arabia’s Tadawul CBRD, Mauritius for JSE, South Africa stock excha

  19. Slide 19: Our software products are Made in India, for the world

    Our software products are Made in India, for the world Our brand presence and reputation is strong Turkey – IRIS iDEAL for Tax filings / eAudit Israel – IRIS Data Poland Platform for – Historical data analysis of conversion into XBRL filings XBRL Macedonia – Filings to Ministry of Jordan Finance – J

  20. Slide 20: Marquee Clients

    Marquee Clients Business Registries (Thailand) Companies Division, Mauritius Central Banks SECs & Stock Exchanges Filers / Others Note: Client and partner logos used only for representation 20

  21. Slide 21: Strong Partnerships

    Strong Partnerships Select Global Partnerships over the years  AFPI (USA)  FIT Technologies  Merrill Corp (USA)  Analytix Insight (Turkey)  MNS (Mauritius) (Israel)  Fintellix (India,  Nelito Systems  Business Online Mauritius) (India, Mauritius) (Thailand)  HCL Infosystems  Prognoz (Russi

  22. Slide 22: Our Solutions for Regulators: Collect

    Our Solutions for Regulators: Collect

  23. Slide 23: Taxonomy & Consulting Services

    Taxonomy & Consulting Services Service Overview Overview Key Differentiators  Every XBRL project starts with Taxonomy Development  IRIS’ offerings cover  Team with deep cross-functional knowledge • Taxonomy design and development  Global implementation experience • Taxonomy testing and review 

  24. Slide 24: Taxonomy & Consulting Services: Select Clients

    Taxonomy & Consulting Services Select Clients India India India India Iran Italy Macedonia Mauritius Qatar Singapore Saudi Arabia Saudi Arabia South Africa Thailand Turkey UAE Note: Client and partner logos used only for representation 24

  25. Slide 25: iFile: Filing Platform for Regulators

    IRIS iFile Filing Platform for Regulators Why: What: How: the need the product the strategy  XBRL based information is  iFile, IRIS’ flagship offering, is  Offer PoCs useful for regulatory oversight a regulatory filing platform  Bid with local partners and for providing interactive which helps r

  26. Slide 26: IRIS iFile Business Model

    IRIS iFile Business Model Overview Key Differentiators  iFile, the Company’s flagship product emerged from ICERS,  Productisation has reduced implementation time the reporting platform developed for Bombay Stock by 50 %, improving profitability Exchange in 2006  Regulators can work with tighter d

  27. Slide 27: IRIS iFile Select Clients

    IRIS iFile Select Clients Capital markets Business Registries Banking Regulators (Regulators and Exchanges) Macedonia India India Saudi Arabia Qatar Saudi Arabia Mauritius Singapore South Africa Thailand UAE Nepal Note: Client and partner logos used only for representation 27

  28. Slide 28: iFile Go to market strategy

    IRIS iFile Go to market strategy Steady adoption Productisation is the way ahead • There is a clear global consensus on moving to the next phase • By moving from a project mode to a product mode where of electronic disclosure through the adoption of XBRL across implementation is handled by partners,

  29. Slide 29: Solutions for filers: Create

    Solutions for filers: Create

  30. Slide 30: Create: Solutions for filers

    Create: Solutions for filers Four offerings • Carbon: SaaS Document Authoring and Compliance Reporting Platform • iDEAL: Solution to facilitate automated reporting in XBRL format • IRISGST: An end to end solution to facilitate GST reporting in India • eAudit solution: Automated Solution to verify XB

  31. Slide 31: Carbon: SaaS Document Authoring Platform

    IRIS Carbon SaaS Document Authoring and Compliance Reporting Platform Why: What: How: the need the product the strategy  The emergence of XBRL &  Carbon is a globally relevant,  Push factor – IRIS will offer other structured data collaborative, disclosure filing agents and other reporting formats

  32. Slide 32: IRIS Carbon Product Overview

    IRIS Carbon Product Overview Overview Key Differentiators  IRIS Carbon is a cloud based collaborative document authoring software built for the global markets. XBRL is  Single platform to handle complex regulatory layered into the application, and the platform can be used requirements in multiple

  33. Slide 33: IRIS Carbon Market Overview

    IRIS Carbon Market Overview US Rest of the World The SEC mandates all public companies to file XBRL disclosures Accounting firms hold the key • All of these are a target for Carbon. As many as 20 % of the filers • In Italy and the UK, as in many parts of the world, the accounting switch vendors in a

  34. Slide 34: Carbon Strategy: Current outreach

    IRIS Carbon Strategy US Other markets  Entered into a non exclusive reseller relationship with partner in April  Product localized for Italy, UK and Ireland, taking into account, 2016, early sales to their clients. regulator specific taxonomy, its architecture and local language needs  Over the p

  35. Slide 35: iDeal: Automated reporting in XBRL format

    IRIS iDeal Automated reporting in XBRL format Why: What: How: the need the product the strategy  The need for automated data  It is an enterprise application  iDeal will be offered via reporting is thrown up to facilitate automated partnerships with System whenever – (1) the volume of reporting t

  36. Slide 36: IRIS iDeal Product Overview

    IRIS iDeal Product Overview Overview Key Differentiators  Enterprise data transformation application which  Ready product deployable in multiple modes automatically pulls data from disparate data sources and  Available as desktop solution, enterprise web transforms it into XBRL or other standard

  37. Slide 37: IRIS iDeal Market Overview

    IRIS iDeal Market Overview Extending product capabilities can leverage iDeal for Mandate driven opportunity the Data Act, with data aggregators • Banks and Financial Institutions undertaken investments in • The iDeal roadmap includes extending the product into a compliance reporting solution only wh

  38. Slide 38: IRIS iDeal Select Clients and Partners

    IRIS iDeal Select Clients and Partners Select clients • 113 unique clients and 139 installations • Enterprise deployment (Standalone/Integrated) in 24 Banks • Desktop installations in 28 banks, 67 financial institutions and 13 mutual Partner network funds Note: Client and partner logos used only for

  39. Slide 39: GST: End to end GST reporting solution

    IRIS GST An end to end solution to facilitate GST reporting in India Why: What: How: the need the product the strategy  Companies need a software to  It is a cloud based software  We have reached out to a file their GST returns. 34 which helps enterprises large number of enterprises companies hav

  40. Slide 40: IRIS GST Product Overview

    IRIS GST Product Overview Overview Key Differentiators  An end to end solution for GST compliance in India  Inbuilt workflow ensure collaborative working  An integrated offering for the modern day distributed  Audit logs, access controls, enterprise which helps with user management, connects  A

  41. Slide 41: IRIS GST Market Overview

    IRIS GST Market Overview Mandate driven opportunity Value added features • Higher compliance for companies in terms of frequency and • Features beyond return preparation and filing influence the data volume, thus requiring an efficient and automated decision for selecting GST solution processes • IR

  42. Slide 42: IRIS eAudit Solution (Turkey)

    IRIS eAudit Solution (Turkey) Automated Solution to verify XBRL data at ledger level End users Organizations covered under eDefter Mandate by Turkish Regulator Problems faced  Key Accounting checks not covered under specified rule set  Lack of an Automated solution to verify XBRL data from account

  43. Slide 43: Consume: The analytics division

    Consume: The analytics division

  44. Slide 44: DCP: Data Consumption Platform

    IRIS DCP Why: What: How: the need the product the strategy  Data will be made available  XBRL data, being granular and  Envisioned as a repository of via web and mobile structured, opens up a much global normalised financial interfaces, downloadable larger market challenging the and non financial

  45. Slide 45: IRIS DCP Product Overview

    IRIS DCP Product Overview Overview Key Differentiators  IRIS’ Data Consumption Platform (DCP) is built around a  IRIS DCP will offer normalized corporate core repository of global XBRL data sets submitted by fundamentals data deeper than what is available public & private firms. DCP is engineered

  46. Slide 46: DCP Market Segmentation and Customer Acquisition Strategy

    IRIS DCP Market Segmentation and Customer Acquisition Strategy Offering: Offering:  Direct subscriptions to DCP products Product subscriptions and specific data  Licenses for data integration with feeds internal workflow Potential Customers:  Public companies for their Investor Potential Customer

  47. Slide 47: Marketing Roadmap

    Marketing Roadmap

  48. Slide 48: Sales and Marketing Strategy Map

    Sales and Marketing Strategy Map Strategy Potential Market Characteristics Clients Sales Marketing Primarily RFP-driven, Leverage strong credentials Stock exchanges, Participation in XBRL and long lead sales cycle and existing implementations. Business registries, regulator-specific conferences. Bid

  49. Slide 49: Roadmap for each product

    Roadmap for each product iFile Carbon  Further productization of iFile – will allow more  Next round of product investments to focus on rapid market expansion with quicker strengthening document editor, adding new implementations functionalities such as connectors to source data  Greater thrust i

  50. Slide 50: Thank you

    Thank you 50

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