Veranda Learning Solutions Ltd. · NSE:VERANDA
Veranda Learning Solutions — Q1 FY2025 Earnings Presentation
31 slides from Veranda Learning Solutions's earnings presentation, Aug 8, 2024
Slide 1: Exchange cover letter: press release and investor presentation
Veranda Learning Solutions Limited 7th August 2024 BSE Limited National Stock Exchange of India Limited Dept of Corporate The Listing Services, Phiroze Department, Jeejeebhoy Towers, Dalal Exchange Plaza, Street, Fort, Bandra Kurla Complex, Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 543514 Symbol
Slide 2: Veranda Learning Solutions Announces Impressive Q1FY25 Performance
Press Release Veranda Learning Solutions Announces Impressive Q1FY25 Performance YoY Income soars by 70%, EBITDA grows 5X Chennai, 07 August 2024: Veranda Learning Solutions Limited, a public listed Education company (BSE: 543514, NSE: VERANDA) and a pioneer in the industry offering end-to-end Educa
Slide 3: Press release continued: finance cost and Chairman's comments
▪ The Finance cost for the quarter stood at Rs. 29.92 crores. This includes Rs. 9.01 crores, cash interest paid on the NCDs issued and non-cash expenses of Rs. 13.11 crores pertaining to the unwinding of acquisition related liabilities and accrued premium on the NCDs issued. ▪ The Depreciation cost
Slide 4: XL Learning MoU with Sri Krishna Arts and Science College
Veranda XL Learning Solutions Private Limited and Sri Krishna Arts and Science College in Coimbatore signed a MoU This MoU aims to offer a B. Com course with the added benefit of ACCA (Association of Chartered Certified Accountants) accreditation and this program is designed to provide enrolled stud
Slide 5: Veranda Learning Solutions
Veranda Learning Solutions Affordability | High-quality Content | Outcome-oriented Approach Investor Presentation | August 2024
Slide 6: Safe Harbor
Safe Harbor • This presentation and the following discussion may contain “forward looking statements” by Veranda Learning Solutions Limited (“Veranda Learning” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results
Slide 7: Agenda
Agenda 01 Result Highlights 02 Company Overview 03 Growth Strategy 04 Industry Overview 05 Financials
Slide 8: Q1FY25 Performance
Q1FY25 Performance
Slide 9: Marching Towards Growth
MARCHING TOWARDS GROWTH Reported Strong EBITDA Growth of 48.75% Q1 FY25 Performance Highlights (CAGR Growth for the period Q1FY24-Q1FY25) EBITDA Trend (Rs. in Cr) Total Income + 79.37% Total Income for Q1FY25 stood at 27.61 YoY Rs. 126.42 crores compared to Rs. 70.48 crores in Q1FY24 22.71 16.75 EBI
Slide 10: Key Financial & Business Highlights – Q1 FY25
Key Financial & Business Highlights – Q1 FY25 Revenue from Operations Gross Profit Key Business Highlights 72.61 118.99 Veranda K-12 and Cambridge are expanding their partnership to introduce 38.38 68.90 educational programs in Eastern India Strategic partnership with one of the All figures (in Rs.
Slide 11: From the Chairman's Desk
From the Chairman’s Desk Commenting on the results, Mr. Kalpathi. S. Suresh, Executive Director and Chairman, Veranda Learning Solutions, said “I am delighted to announce that we have achieved stellar growth in Q1FY25, surpassing expectations during what is traditionally an off-season for the educat
Slide 12: Consolidated P&L Highlights
Consolidated P&L Highlights Particulars (Rs. Cr) Q1 FY25 Q1 FY24 Y-o-Y Q4 FY24 Q-o-Q Revenue from Operations 118.99 68.90 72.69% 102.61 15.96% Other Income 7.43 1.58 1.30 Total Income 126.42 70.48 79.37% 103.91 21.66% Gross Profit 72.61 38.38 89.16% 62.94 15.35% Gross Profit Margin (%) 61.02% 55.71%
Slide 13: Company Overview
Veranda Company Overview
Slide 14: Veranda Learning – A Quick Glance
Veranda Learning – A Quick Glance Veranda Learning Solutions is engaged in the business of offering diversified and integrated learning solutions in online, offline hybrid and offline blended formats to students, aspirants, and graduates professionals and corporate employees Promoters have a collect
Slide 15: Our Journey so far
Our Journey so far ACQUISITIONS IN VERANDA XL LEARNING SOLUTIONS J. K. SHAH CLASSES INCORPRATION AND LAUNCH OF ELCs • March ’24: Acquired LAUNCHES & ACQUISITIONS Tapasya Educational • May’22: Launched Institutions Incorporated in November 2018 • July’21: Launched CA course offered by Veranda CA Edur
Slide 16: Our Segment wise Brand Portfolio
Our Segment wise Brand Portfolio Academic Vocational Test Prep 12
Slide 17: Brands Under Our Portfolio
Brands Under Our Portfolio Segment Brands Segment Details Courses Offered Modes of Delivery • Online MBA • M.Tech GI • Online B.Com • M.Tech CSE This segment provides • B.Com and • M.Tech DS academic education from K- Online CA • PhD - working • Online MCA professionals • Online /Offline ACADEMIC 12
Slide 18: Established a result oriented unique 360° Approach
Established a result oriented unique 360o Approach Weekly lectures by Textbooks for all courses for in-depth structural & subject matter experts 360 Approach o with Q&A methodical learning Mentors assigned to Chapter and paper level every student to track mock tests for practice and ensure progress
Slide 19: Centres Wide Presence
Veranda Learning – Coaching centres across India 200+ Diversified Footprint across India Centres (across all courses) Wide Building presence across India Presence Strong Hold Established strong offline presence in Across India Southern and Western India 15
Slide 20: Proficient Team to drive the business
Proficient Team to drive the business ▪ More than a decade of experience in the Education industry ▪ Founded SSI in 1991, providing software education and IT training; key milestones include listing on NSE and BSE, formed a JV with NASDAQ, acquired Albion Orion Company LLC and acquired controlling s
Slide 21: Key Team Members (1/2)
Veranda Learning – Key Team Members (1/2) Praveen Kumar Saradha Govindarajan Pravin Menon President, Corporate Strategy Chief Financial Officer Chief Marketing Officer ▪ 25+ years of experience in cross border ▪ 11+ years of experience in the areas of acquisitions & pre-acquisition process in M&A ▪
Slide 22: Key Team Members (2/2)
Veranda Learning – Key Team Members (2/2) Santhoshkumar P Bharat Seeman Aditya Malik CEO, Veranda Race CEO, Veranda CEO – Veranda Higher Ed IAS Ex-founder, Veranda Race ▪ 7+ years of experience in operations ▪ MBA with a work experience of 28 years & ▪ 10+ years of experience in business management
Slide 23: Growth Strategy
Veranda Growth Strategy
Slide 24: Veranda Learning – Growth Strategy
Veranda Learning – Growth Strategy TRACK RECORD – FY 24 6,93,874 ✓ Attuned to the evolving demands of learners and job market, constantly New Courses diversify range of courses and Offering ✓ Proactive approach to identify emerging disciplines and skills, and design IN-ORGANIC STRATEGIES’ courses to
Slide 25: Industry Growth Drivers
Industry II Growth Drivers
Slide 26: Geographical Segmentation - Global
Geographical Segmentation - Global Market Size Market Size Growth Rate Region (2021) (2027) CAGR (2021-27) Asia Pacific Countries (APAC) $107.63 BN $277.39 BN 17.09% North America $52.62 BN $109.27 BN 12.95% Europe $39.62 BN $92.26 BN 15.13% Latin America $29.68 BN $72.95 BN 16.17% Middle East & Afr
Slide 27: Indian Ed-tech Sector – Market Size
Indian Ed-tech Sector – Market Size 90 Edtech Market in India 2021–2027 ($ billion) 30.00% 80 25.00% 70 60 20.00% Growth Rate 50 15.00% 19.17% 40 CAGR 30 10.00% (2021-2027) 20 5.00% 10 0 0.00% 2021 2022 2023 2024 2025 2026 2027 Revenue 27.41 30.48 35.23 41.98 51.25 63.25 78.5 Growth Rate 11.20% 15.5
Slide 28: Indian Sector – Boom for Upskilling & Reskilling Courses
Indian Sector – Boom for Upskilling & Reskilling Courses Upskilling and Reskilling – A budding requirement A McKinsey global survey in February 2020 found that 9 in 10 executives and managers are either already facing skills gaps in their organizations or expect gaps to develop within the next 5 yea
Slide 29: Financial Performance
Financial Performance
Slide 30: Financial Highlights
Financial Highlights Total Income(Rs. Cr) EBITDA (Rs. Cr) Revenue Break-up (FY24) 370.02 62.29 26% 27.61 199.92 74% 126.42 -33.67 Online % Offline % FY23 FY24 Q1FY25 FY23 FY24 Q1 FY25 Enrolments – B2C 1,58,407 91,667 45,028 FY23 FY24 Q1 FY25 26
Slide 31: Let's Connect
Veranda Learning Solutions Let’s Connect Ernst & Young, LLP Mr. Abhishek Bhatt Mr Vivek Raghuram, Investor Relations abhishek.bhatt3@in.ey.com vivek.r@verandalearning.com Ms. Mahalakshmi Venkatachalam mahalakshmi.venkatachalam@in.ey.com Veranda Learning Solutions Ltd, G.R. Complex, First Floor, No.
Veranda Learning Solutions — Q1 FY2025 Earnings Presentation on 6ix