Ibex Limited · NASDAQ:IBEX
Ibex — Q1 2025 Earnings Presentation
19 slides from Ibex's earnings presentation, Nov 7, 2024
Slide 1: ibex Q1 FY2025 Earnings Call
Built for what’s next. ibex Q1 FY2025 Earnings Call Bob Dechant, CEO Nov 7, 2024
Slide 2: Disclaimer
Built for what’s next. Disclaimer This presentation includes forward-looking statements within the meaning of the Private Securities This presentation also contains estimates and other statistical data made by independent parties Litigation Reform Act of 1995. All statements contained in this presen
Slide 3: Q1 FY2025: Record Quarter
Q1 FY2025: Record Quarter • Revenue Growth: $129.7m up >4% from Prior Year Strong Financials • Adjusted EBITDA: $15.6m up $1.9m from Prior Year • Adjusted EBITDA: 12.0% up 100 bps from Prior Year Returned to Growth • Adjusted EPS: $0.52- up from $0.40 from Prior Year • Three Key New Logo Wins – sign
Slide 4: Q1 FY2025: Key Business Highlights
Q1 FY2025: Key Business Highlights ✓ Delivered record Q1 Revenue of $129.7 million, up 4.1% from $124.6 million in Prior year quarter ✓ Won 3 new client relationships in the Quarter ✓ Expanded year over year adjusted EBITDA margin for the ninth time in the past 10 quarters ✓ Achieved record Net Inco
Slide 5: Building What's Next
Building What's Next + + t++etttet ibex. | Wove > AIL FOR CX eot}oe ibex Wave ix ) GENERATIVE AT PRODUCT OF THE Translate Named 4 ¥ 4 YEAR Generative Al 2024 Product of the Year a fe J > = Ope ibex. r j PRESS & MEDIA ibex Ranked AMERICA’S BEST #2 for America’s ' EMPLOYERS FOR Best Employers for @ TE
Slide 6: Compelling Track Record of Transformation and Execution
Compelling Track Record of Transformation and Execution Strong Financial Profile 13.1% $2.23 Growth of Key Segments, Strong EBITDA, Net income, EPS TTM Adj. EBITDA TTM Adj. EPS Transformation to a leading Digital First business 3% 76% Continued growth in our Digital First integrated omni-channel bus
Slide 7: Financial Results
Built for what’s next. Financial Results Taylor Greenwald CFO
Slide 8: Q1 FY2025: Financial Highlights – US GAAP
Q1 FY2025: Financial Highlights – US GAAP Record Q1 Revenue, Net Income and EPS results • Growth in HealthTech (+23.4%), Retail & E-commerce (+8.6%), and Travel, Revenue Transportation & Logistics (+10.0%) verticals; partially offset by decline in $129.7m Q1 FY25 vs. FinTech (-13.0%) vertical $124.6
Slide 9: Q1 FY2025: Financial Highlights – Non-GAAP
Q1 FY2025: Financial Highlights – Non-GAAP Q1 YoY Adjusted EBITDA and margin Adjusted EBITDA $16.0 12.5% $15.6m $15.6m Q1 FY25 vs. Primarily driven by: $13.7m Q1 FY24 12.0% Margin 12.0% • Revenue growth in key verticals from existing and new clients launched throughout fiscal 2024 Adjusted Net Incom
Slide 10: Revenue: Model Client Diversification
Revenue: Model Client Diversification Q1 FY25 Client Statistics (% of Revenue) 35.6% 51.4% Top 5 Clients Top 10 Clients 76.7% 11.2% Top 25 Clients Largest Client 60 clients > $1m annualized revenue 27 clients > $5m annualized revenue 10
Slide 11: Winning in Strategic Verticals
Winning in Strategic Verticals Continued Growth in HealthTech and Retail & E-commerce % of Total Revenue Q1 FY24 Q1 FY25 30.0% 24.5% 25.0% 23.4% 20.0% 16.8% • HealthTech increased 15.4% 14.8% 15.0% 13.5% 14.2% 14.1% 12.4% 23.4% 11.9% 11.3% 11.2% 10.0% 8.3% 8.2% • Retail increased 8.6% 5.0% • Travel,
Slide 12: Q1 FY2025: Cash Flow and CapEx
Q1 FY2025: Cash Flow and CapEx Net Cash Generated from Operations Capital Expenditures $7.8m Q1 FY25 $3.6m, 2.8% of Revenue Q1 FY25 $8.7m Q1 FY24 $2.1m, 1.6% of Revenue Q1 FY24 DSO Non-GAAP Free Cash Flow 75 days Q1 FY25 $4.1m Q1 FY25 72 days Q4 FY24 $6.6m Q1 FY24 12
Slide 13: September 2024 Balance Sheet
September 2024 Balance Sheet • Q1 FY25 share repurchases of $4.7m (over 282k Cash and Cash Equivalents shares) $62.3m • $22.2 million remaining to repurchase under our June 30, 2024, $62.7m current share repurchase program Total Debt • Net Cash position of $60.8m from $61.2m as of ~$1.5m June 30, 20
Slide 14: Full Year 2025 Guidance
Full Year 2025 Guidance FY25 $515-525m Up from $510-$525m Revenue $67-69m Adj. EBITDA $15-20m CapEx 14
Slide 15: Q&A
Built for what’s next. Q&A
Slide 16: Appendix
Built for what’s next. Appendix
Slide 17: Reconciliation of Net Income to Adjusted Net Income
Reconciliation of Net Income to Adjusted Net Income Three months ended Twelve months ended 30-September 30-June US$ in thousands, except per share amounts, unaudited 2024 2023 2024 2023 Net income $ 7,531 $ 7,425 $ 33,655 $ 31,582 Net income margin 5.8% 6.0% 6.6% 6.0% Non-recurring expenses 0 0 0 2,
Slide 18: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA Three months ended Twelve months ended 30-September 30-June US$ in thousands, unaudited 2024 2023 2024 2023 Net income $ 7,531 $ 7,425 $ 33,655 $ 31,582 Net income margin 5.8% 6.0% 6.6% 6.0% Interest expense 162 103 514 792 Income tax expense 1,982 1,3
Slide 19: Big Year for Industry Awards – 2023/24
Big Year for Industry Awards – 2023/24 2024 Ranked #2 in 2024 Golden Bridge 2024, 2023 & 2022 2025 America's Most 2024 Technology America’s Best Employers Business and Innovation Contact Center Admired Workplaces Awards for Business Services Excellence for Wave iX for Tech Workers Technology Award 2