Exlservice Holdings, Inc. · NASDAQ:EXLS
Exlservice — Q1 2023 Earnings Presentation
13 slides from Exlservice's earnings presentation, Apr 27, 2023
Slide 1: ExlService Holdings, Inc. First Quarter 2023 Financial Results
ExlService Holdings, Inc. First Quarter 2023 Financial Results April 27, 2023
Slide 2: Safe Harbor
Safe Harbor Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factor
Slide 3: Financial Highlights
Financial Highlights ✓ Q1 revenue of $400.6 million, up 6.9% from Q4 and up 21.7% YoY on reported basis, with strong growth across both businesses ✓ Q1 adj EPS of $1.74, up 22.5% YoY ✓ Analytics segment Q1 revenue of $181.8 million, up 6.5% sequentially and up 22.0% YoY on reported basis. ✓ Digital
Slide 4: Q1 2023 Digital Operations & Solutions Segment Revenue
Q1 2023 Digital Operations & Solutions Segment Revenue (in millions) ▪ Insurance growth driven primarily by expansion in existing client $218.8 relationships $180.2 ▪ Emerging growth driven by new client wins in 2022 and expansion in other existing client relationships +23.2%* ▪ Healthcare growth dr
Slide 5: Q1 2023 Analytics Segment Revenue
Q1 2023 Analytics Segment Revenue (in millions) $181.8 ▪ Growth in the first quarter was driven primarily by $149.0 expansion of existing client relationships in Banking & Financial Services, Healthcare and Insurance +22.7%* Q1 2022 Q1 2023 *Constant currency
Slide 6: Q1 2023 Adjusted Operating Profit Margin
Q1 2023 Adjusted Operating Profit Margin 19.4% ▪ AOPM improvement driven by higher profitability on 18.2% one-time revenue of approximately $6 million and SG&A operating leverage. +120 bps Q1 2022 Q1 2023
Slide 7: 2023 Revised Guidance
2023 Revised Guidance Based on current visibility, and a U.S. dollar to Indian rupee exchange rate of 82.5, U.K. pound sterling to U.S. dollar exchange rate of 1.23, U.S. dollar to the Philippine peso exchange rate of 56 and all other currencies at current exchange rates REVENUE (millions) ADJUSTED
Slide 8: Appendix
Appendix
Slide 9: Non-GAAP Financial Measures and Reconciliations
Non-GAAP Financial Measures and Reconciliations In addition to our reported operating results in accordance with U.S. generally accepted accounting principles (GAAP), we have included certain financial measures that are considered non-GAAP financial measures, including the following: • Adjusted oper
Slide 10: Non-GAAP Financial Measures and Reconciliations (continued)
Non-GAAP Financial Measures and Reconciliations (continued) A limitation of using non-GAAP financial measures versus financial measures calculated in accordance with GAAP is that non-GAAP financial measures do not reflect all of the amounts associated with our operating results as determined in acco
Slide 11: Reconciliation of Adjusted Operating Income and Adjusted EBITDA
Reconciliation of Adjusted Operating Income and Adjusted EBITDA (Amounts in thousands) Three months ended March 31, December 31, 2023 2022 2022 Net Income (GAAP) $ 51,331 $ 36,178 $ 31,849 add: Income tax expense 8,058 11,202 12,791 add/(subtract): Foreign exchange gain/(loss), interest expense, eff
Slide 12: Reconciliation of Adjusted Net Income and Adjusted Diluted Earnings Per Share
Reconciliation of Adjusted Net Income and Adjusted Diluted Earnings Per Share (Amounts in thousands, except per share data) Three months ended March 31, December 31, 2023 2022 2022 Net income (GAAP) $s $1,331 $ 36,178 $ 31,849 add: Stock-based compensation expense 14,407 11,224 12,616 add: Amortizat
Slide 13: John Kristoff
exlservice.com John Kristoff Vice President, Head of Investor Relations Global Headquarters 212-209-4613 320 Park Ave., 29th floor IR@exlservice.com New York, NY 10022 T: +1 212 277 7100 United States | United Kingdom | Australia Bulgaria | Columbia | Czech Republic India | Philippines | Romania | S