Vakrangee Limited · NSE:VAKRANGEE
Vakrangee — FY2015 Earnings Presentation
31 slides from Vakrangee's earnings presentation, May 30, 2015
Slide 1: We Provide the Last Mile Banking
We Provide the Last Mile Banking Vakrangee Limited Q4 & Full Year FY15 Results Update May 30, 2015
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Vakrangee Limited (“Vakrangee” or “VL” or the “Company”) solely for your information and for your use and may not be taken away, reproduced, redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organ
Slide 3: Table of Contents
Table of Contents Q4 & Full Year FY15 Results Highlights Q4 & Full Year FY15 Business Update Company Overview Vakrangee Kendra - Snapshots
Slide 4: Q4 & Full Year FY15 Results Update
Q4 & Full Year FY15 Results Update Vakrangee Limited
Slide 5: Q4 & Full Year FY15 Results Highlights (Consolidated)
Q4 & Full Year FY15 Results Highlights (Consolidated) In Rs Mn Q4 FY15 YoY Analysis REVENUES EBITDA & EBITDA Margin PAT & PAT Margin 27.6% 10.9% 25.8% 6,987.7 8.1% 6,483.5 7.8% 762.5 1,930.6 1,675.1 525.7 Q4FY14 Q4FY15 Q4FY14 Q4FY15 Q4FY14 Q4FY15 EBITDA (Rs. Mn) EBITDA Margin % PAT (Rs. Mn) PAT Marg
Slide 6: Q4 & Full Year FY15 Results Highlights (Standalone)
Q4 & Full Year FY15 Results Highlights (Standalone) In Rs Mn Q4 FY15 YoY Analysis REVENUES EBITDA & EBITDA Margin PAT & PAT Margin 28.7% 27.6% 11.0% 10.8% 6,955.9 6,478.5 7.4% 1,921.0 710.5 753.8 1,860.1 Q4FY14 Q4FY15 Q4FY14 Q4FY15 Q4FY14 Q4FY15 EBITDA (Rs. Mn) EBITDA Margin % PAT (Rs. Mn) PAT Margi
Slide 7: Segmental Analysis (Standalone)
Segmental Analysis (Standalone) Q4 FY15 Q4 FY14 FY15 FY14 Particulars YoY YoY (Rs Mn) % of % of % % of % of % Total Total Total Total Total Revenues 6,955.9 100 6,478.5 100 7.4 27,753.7 100 19,653.9 100 41.2 Vakrangee Kendra 2,945.4 42.3 2,378.9 36.7 23.8 11,883.7 42.8 7,611.6 38.7 56.1 E-Governance
Slide 8: Q4 & Full Year FY15 Business Update
Q4 & Full Year FY15 Business Update 8
Slide 9: Vakrangee Kendra: Rollout Status as on March 31, 2015
Vakrangee Kendra: Rollout Status as on March 31, 2015 Rural Urban Rural Urban States Total Bank Tie-Ups Total Branches Branches Branches Branches Maharashtra 3,020 406 3,426 Bank of Baroda 1,052 468 1,520 Rajasthan 5,730 540 6,270 Bank of India 651 303 954 Delhi 0 11 11 Bank of Maharashtra 1,014 9 1
Slide 10: Vakrangee Kendra: Strong Focus from Financial Inclusion to Financial Security
Vakrangee Kendra: Strong Focus from Financial Inclusion to Financial Security New Initiatives to promote Strong Ramp-up of Urban Quarter Urban Financial Security Ending Branches Branches Mar-14 15 Jun-14 15 Sep-14 478 Dec-14 1,253 Financial Insurance Push to Mar-15 1,288 Mar-14 Jun-14 Sep-14 Dec-14
Slide 11: Vakrangee Kendra: Urban Branches in Mumbai
Vakrangee Kendra: Urban Branches in Mumbai 45 BRANCHES UP & RUNNING ACROSS MUMBAI Vakrangee Limited 11
Slide 12: Company Overview
Company Overview Vakrangee Limited
Slide 13: Financial Overview & Shareholding Structure
Financial Overview & Shareholding Structure Last 3 Year Financials As on 29.05.15 (BSE) 31.0% 38.8% Market cap (Rs. Mn) 55,282.3 25.0% 26.2% Price (Rs.) 109.80 27.7% 21.8% No. of shares outstanding (Mn) 503.48 27,805 15,472 19,519 Face Value (Rs.) 1.00 FY13 FY14 FY15 52 wk High-Low (Rs.) 154.00/90.9
Slide 14: Consolidated Financial Statements
Consolidated Financial Statements Key Profit & Loss Statement Items Particulars (Rs. Mn.) Q4 FY15 Q4 FY14 YoY % FY15 FY14 YoY % Total Income from Operations 6,987.7 6,483.5 7.8% 27,804.8 19,519.0 42.4% Total Expenses 5,061.6 4,782.5 5.8% 20,572.6 14,173.0 45.2% EBIDTA 1,930.6 1,675.1 15.3% 7,291.3 5
Slide 15: Our Businesses
Our Businesses E-GOVERNANCE VAKRANGEE KENDRA VAKRANGEE KENDRA Systems Integrator & End-to-End Business Correspondent (BC) White Label ATMs (WLA) Services Provider Bank Branches • More than 20 years of consistent • Setup & manage 50,000 BC bank • Received License from RBI to setup & execution experie
Slide 16: Business Evolution & Future Transformation
Business Evolution & Future Transformation BUSINESS EVOLUTION (E-GOVERNANCE) BUSINESS TRANSFORMATION (VAKRANGEE KENDRA) 1990 Company Incorporation 1993 Computerisation of Central Election Commission 2013 Financial Inclusion Project – MoF & RBI 2005 MCA 21 Project - Ministry of Corporate Affairs 2014
Slide 17: Business Transformation – Unique Opportunity, Expansive Growth Potential
Business Transformation – Unique Opportunity, Expansive Growth Potential UNIQUE UNIQUE CAPABILITIES OPPORTUNITIES • Financial Inclusion - i) underpenetrated banking access with only • Robust Technology - seamless real-time VSAT connectivity 35.2% bank accounts per population, ii) underpenetrated ATM
Slide 18: Financial Inclusion Opportunity: India is Still Largely Under-Banked
Financial Inclusion Opportunity: India is Still Largely Under-Banked SIGNIFICANT UNDER-PENETRATION OF FINANCIAL SERVICES IN INDIA FINANCIAL INCLUSION OPPORTUNITY Japan 100% South • India is still largely under-banked, with only 35.2% of Bank Account per Population Korea USA Thailand population havin
Slide 19: Vakrangee Kendra: Scope of Services
Vakrangee Kendra: Scope of Services Technology Intensive Retail Distribution Platform of 50,000 last mile touch points delivering services across BFSI, G2C and B2C domains on a real-time basis to potential 250 mn customers across underserved rural and urban India VAKRANGEE KENDRA BANKING & INSURANCE
Slide 20: Vakrangee Kendra: BC Agreements with Banks
Vakrangee Kendra: BC Agreements with Banks National BC Agreements Common BC Agreements Sr No Bank Tie-Ups Sr No Bank Tie-Ups 1 Bank of Baroda 2 Bank of India 1 Bank of India 3 Baroda Rajasthan Gramin Bank 4 Indian Bank 2 Punjab National Bank 5 Indian Overseas Bank 6 Jaipur The Gramin Bank 3 Union Ba
Slide 21: White Label ATM Opportunity: India has one of the lowest ATM Penetration
White Label ATM Opportunity: India has one of the lowest ATM Penetration ATM PENETRATION IN INDIA: ONE OF THE LOWEST • There is huge opportunity for ATM growth through the 2,825 ATM per Mn Population white label model. 2,048 • As on Feb 2015, India had ~ 190,000 ATMs. It is expected to 1,854 1,660 c
Slide 22: Efficient Customer Traffic Management with Co-located WLA
Efficient Customer Traffic Management with Co-located WLA FINANCIAL INCLUSION IS A MAJOR PROBLEM EVEN IN URBAN INDIA • Around 32% of urban households do not have formal banking access. • According to the 2011 study by Analysys Mason, a global think tank, the total transaction value of domestic remit
Slide 23: Vakrangee Kendra: Well Established Last Mile Infrastructure
Vakrangee Kendra: Well Established Last Mile Infrastructure Independent Project Management Audit Corporate PMO Head Quarters State PMO State Office Division Office 1 Division Office 2 Division Office N District Office 1 District Office 2 District Office N Block Office 1 Block Office 2 Block Office N
Slide 24: E-Governance Projects
E-Governance Projects Vakrangee undertakes only Mission Mode Projects under the National E-Governance Plan (NEGP) which continue to be implemented regardless of the changing political parties and bureaucrats. There is strict compliance in the NEGP project tendering process, which is governed by the
Slide 25: Vakrangee Kendra - Snapshots
Vakrangee Kendra - Snapshots 25
Slide 26: Vakrangee Kendra and ATM
Vakrangee Kendra and ATM Vakrangee Kendra in Kurla, Mumbai Vakrangee Kendra in Andheri East, Mumbai Vakrangee Kendra in Malad, Mumbai Vakrangee Kendra in Khar, Mumbai Vakrangee Limited 26
Slide 27: Vakrangee Kendra and ATM
Vakrangee Kendra and ATM Vakrangee Kendra in Goregaon (E), Mumbai Vakrangee Kendra in Ghatkopar (W), Mumbai Vakrangee Kendra in Cotton Green, Mumbai Vakrangee Kendra in Govandi, Mumbai Vakrangee Limited 27
Slide 28: Vakrangee Kendra and ATM
Vakrangee Kendra and ATM Vakrangee Kendra in Ghatkopar (E), Mumbai Vakrangee Kendra in JVLR Jogeshwari (E), Mumbai Vakrangee Kendra in Asalpha, Ghatkopar (W), Mumbai Vakrangee Kendra in Bhayander (W), Mumbai Vakrangee Limited 28
Slide 29: Vakrangee Kendra: Urban Kendra, Rural Kendra
Vakrangee Kendra Urban Kendra Rural Kendra Vakrangee Limited 29
Slide 30: Vakrangee Kendra: Advertisement for Franchisee Tie-up
Vakrangee Kendra: Advertisement for Franchisee Tie-up Contact: Visit our Website: www.vakrangee.in for further details on availability of opportunities near you and application process Vakrangee Limited 30
Slide 31: Thank You
Thank You