Eclerx Services Limited · NSE:ECLERX
Eclerx Services — Q1 FY2022 Earnings Presentation
11 slides from Eclerx Services's earnings presentation, Aug 13, 2021
Slide 1: Financial Performance – Q1FY22
Financial Performance – Q1FY22 August 13th , 2021
Slide 2: Financial Summary
Financial Summary Metrics FY22 Q1 Q-o-Q Y-o-Y OPG revenue (USD mm) 64.7 1.4% 44.3% Revenue OPG revenue (INR mm) 4,863 2.8% 44.5% Total revenue (INR mm) 4,944 3.7% 42.0% EBITDA (INR mm) 1,561 -1.7% 64.6% Profit EBIT (INR mm)* 1,325 -1.9% 70.8% Net profit (INR mm) 913 -7.5% 76.4% EBITDA (%) 31.6% -1.8
Slide 3: Other Income
Other Income Figures in INR millions. Other Income FY22 Q1 FY21 Q4 FY21 Q3 FY21 Q2 FY21 Q1 Investment Income 28.8 24.6 47.3 59.6 107.9 Revaluation Income* 46.6 4.9 (20.2) (64.5) (6.1) Others 6.1 7.9 5.8 1.2 13.6 Total 81.4 37.5 32.9 (3.7) 115.4 * Gain / Loss regrouped as other income/expenses based
Slide 4: P&L Comparison
P&L Comparison Figures in INR millions. Operating P&L FY22 Q1 OPR (%) FY21 Q4 OPR (%) Total Revenue $ $64.7 $63.8 Total Revenue 4,944 4,766 Operating Revenue 4,863 4,728 Cost of Revenues Delivery and Support Employees Cost 2,454 50.5% 2,261 47.8% General and Administrative Expenses Facilities (Rent
Slide 5: Hedge Updates
Hedge Updates Current Hedge Status • Total outstanding hedges now $146.3 mm at average INR 78.02/$; 100% forwards Contract Year Currency Amount (mm) Avg. Rate (INR) FY21 Q2 $27.7 74.5 FY21 Q3 $21.7 74.7 Matured Forwards FY21 Q4 $25.6 75.3 Total FY21 USD $98.7 74.6 FY22 Q1 $28.8 76.7 FY22 Q2 $29.6 76
Slide 6: QoQ EBIT Bridge
QoQ EBIT Bridge Figures in INR millions 147.5 45.4 27.3 192.9 178.4 Q4 FY21 G&A S&D Core Inv. & Other FX Reval. Offshore Onshore Depreciation Q1 FY22 Revenue Income Change Employee Cost Employee Cost • G&A – Higher Legal & Professional fee due to increase in recruitment • S&D cost lower due moderati
Slide 7: Balance Sheet & Other Updates
Balance Sheet & Other Updates • Total Cash and Cash Equivalents of INR 7,268 mm for Q1 FY’22 vs INR 6,572 mm for Q4 FY’21 - Equivalent to INR 213.0 per share Q1 FY’22 vs INR 193.2 for Q4 FY’21 - Net operating cash flow in Q1 FY’22 is INR 744 mm vs INR 1,224 mm in Q4 FY’21 o EBITDA conversion at 47.6
Slide 8: Key Business Metrics
Key Business Metrics Metrics FY22 Q1 FY21 Q4 FY21 Q3 FY21 Q2 FY21 Q1 FY20 Q4 FY20 Q3 USD 80% 79% 81% 81% 85% 82% 80% EURO 12% 12% 13% 13% 9% 12% 12% Currency Contribution (%) * GBP 4% 4% 4% 5% 4% 5% 6% Others 4% 5% 2% 1% 2% 1% 2% North America 70% 70% 66% 66% 71% 68% 66% Geographic Concentration * E
Slide 9: Revenue Mix Trends ($mm)
Revenue Mix Trends ($mm) $24.4 $24.7 $3.8 $5.1 28.4% 22.8% $19.3 $5.8 $19.3 $18.9 $16.2 $4.5 $13.6 $14.8 $4.3 $11.9 $4.0 $9.6 0.7% -1.4% -7.2% FY21 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY22 Q1 Emerging ($ 0.5 mm + ) Emerging (others) Strategic (Top 10 %) Strategic growth is measured at quarterly YoY level www
Slide 10: Human Resources Update
Human Resources Update 12,842 11,924 102 93 560 501 778 792 658 Headcount 623 8,595 85 509 625 557 10,744 9,915 6,819 FY21 Q1 FY21 Q4 FY22 Q1 Offshore Delivery Onshore Delivery Support Services Tech Services BD Offshore Voluntary Attrition* 34.8% 31.7% 16.0% *Personiv included from FY21Q4 FY21Q1 FY2
Slide 11: Thank You
Thank You This presentation may contain forward-looking statements, which involves a various risks and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. The conditions caused by the COVID-19 pandemic could decrease customer’s techno