Slide 1: Allsec Technologies Q2 FY2019 / H1 FY2019 Earnings Update
ALLSEC TECHNOLOGIES Q2 FY 2019 H1 FY2019 Earnings update November 13, 2018
Slide 2: Disclaimer
Disclaimer This presentation may include statements that are not historical in nature and that may be characterized as “forward-looking statements”, including those related to future financial and operating results, future opportunities and the growth of selected verticals in which the organisation
Slide 3: Agenda
1. Performance Highlights 2. Performance Review & Analysis 3. Business Outlook 3
Slide 4: 1. Performance Highlights
1. Performance Highlights 2. Performance Review & Analysis 3. Business Outlook 4
Slide 5: Onetime provision in the US for a legal case
Onetime provision in the US for a legal case • A Class action suit was initiated against the US subsidiary in the previous year where certain class of contractors had claimed to be classified as regular employees thereby claiming additional overtime benefits for the past three years. These were cont
Slide 6: Q2 FY 2019 Standalone Highlights
Q2 FY 2019 Standalone Highlights Operating Revenue Q2 FY19 revenue at INR 37.8 crores compared to INR 34.3 crores in Q1 FY19 and INR 31.3 crores in Q2 FY18 o QoQ growth of 10% o YoY growth of 21% EBITDA Q2 FY19 EBITDA at INR 8.9 crores compared to INR 8.2 crores in Q1 FY19 and INR 7.4 cr in
Slide 7: H1 FY 2019 Standalone Highlights
H1 FY 2019 Standalone Highlights Operating Revenue H1 FY19 revenue at INR 72.0 crores compared to INR 61.5 crores in H1 FY18 o YoY growth of 17% EBITDA H1 FY19 EBITDA at INR 17.1 crores compared to INR 13.1 crores in H1 FY18 o YoY growth of 30% PBT H1 FY19 PBT at INR 15.7 crores compared
Slide 8: Q2 FY 2019 Consolidated Highlights
Q2 FY 2019 Consolidated Highlights Operating Revenue Q2 FY19 revenue at INR 68.7 crores compared to INR 63.0 crores in Q1 FY19 and INR 91.2 crores in Q2 FY18 o QoQ growth of 9% o YoY decrease of 25% EBITDA Q2 FY19 EBITDA after the one time impact of INR 8.3 crores on account of US legal case
Slide 9: H1 FY 2019 Consolidated Highlights
H1 FY 2019 Consolidated Highlights Operating Revenue H1 FY19 revenue at INR 131.7 crores compared to INR 175.5 crores in H1 FY18 o YoY decrease of 25% EBITDA H1 FY19 EBITDA after the one time impact of INR 9.3 crores on account of US legal case stood at INR 17.5 crores compared to INR 37.5 c
Slide 10: 2. Performance Review & Analysis
1. Performance Highlights √ 2. Performance Review & Analysis 3. Business Outlook 10
Slide 11: Summary – India Operations Q2 FY19
Summary – India Operations Q2 FY19 In INR Lakhs Q2FY18 Q1FY19 Q2FY19 Income from Services 3,126 3,428 3,777 Other Income 146 162 143 Total Income 3,272 3,590 3,920 Personnel and Operating expense 2,529 2,766 3,032 EBIDTA 743 823 889 EBITDA (% of Income from Services) 23.8% 24.0% 23.5% Depreciation 8
Slide 12: Summary – India Operations Q2 FY19 (charts)
Summary – India Operations Q2 FY19 Revenue from Operations EBITDA 3,900 1,000 30% 3,777 EBITDA Margin % 889 3,700 823 800 Rs. Lakhs 3,500 743 3,428 25% 3,300 600 23.8% 24.0% 3,126 23.5% 3,100 2,900 400 20% Q2FY18 Q1FY19 Q2FY19 Q2FY18 Q1FY19 Q2FY19 Profit Before Tax Profit After Tax 1,000 23.2% 24.0%
Slide 13: Revenue Analysis - India
Revenue Analysis - India Revenue by Segment Revenue by Customer Origination 100% 100% 12.8% 11.8% 13.2% 30.1% 29.8% 28.3% 80% 80% 19.0% 19.0% 17.0% 6.0% 7.5% 8.5% 60% 60% 38.1% 39.5% 41.5% 40% 40% 68.2% 69.2% 69.8% 20% 20% 25.8% 23.3% 21.7% 0% 0% Q2FY2018 Q1FY2019 Q2FY2019 Q2FY2018 Q1FY2019 Q2FY2019
Slide 14: Summary – Manila Operations Q2 FY19
Summary – Manila Operations Q2 FY19 In INR Lakhs Q2FY18 Q1FY19 Q2FY19 Income from Services 1,270 1,792 2,061 Other Income 8 31 29 Total Income 1,278 1,823 2,090 Personnel and Operating expense 951 1,244 1,372 EBIDTA 327 579 717 EBITDA (% of Income from Services) 26% 32% 35% Depreciation 9 18 20 Inte
Slide 15: Summary – US Operations Q2 FY19
Summary – US Operations Q2 FY19 In INR Lakhs Q2FY18 Q1FY19 Q2FY19 Income from Services 4,977 1,400 1,390 Other Income - - - Total Income 4,977 1,400 1,390 Personnel and Operating expense 4,104 1,627 2,423 EBIDTA 873 -227 -1,033 EBITDA % (of Income from Services) 18% -16% -74% Depreciation 18 15 8 In
Slide 16: Summary Consolidated Q2FY2019
Summary Consolidated Q2FY2019 In INR Lakhs Q2FY18 Q1FY19 Q2FY19 Income from Services 9,122 6,298 6,875 Other Income 139 193 172 Total Income 9,261 6,491 7,047 Personnel and Operating expense 7,354 5,315 6,474 EBIDTA 1,908 1,176 572 EBITDA % (of Income from Services) 21% 18% 8% Depreciation 106 127 1
Slide 17: Summary – Consol Q2 FY19
Summary – Consol Q2 FY19 Revenue from Operations EBITDA 10,000 2,300 25% 9,122 21% 9,000 1,800 20% 18% 8,000 Rs. Lakhs Margin % 1,300 15% 7,000 6,875 1,908 6,298 800 10% 6,000 1,176 8% 572 5,000 300 5% Q2FY18 Q1FY19 Q2FY19 Q2FY18 Q1FY19 Q2FY19 Profit Before Tax Profit After Tax 25% 18% 1,799 1,600 1
Slide 18: Revenue – Consolidated
Revenue – Consolidated Revenue by Segment Revenue by Customer origination 100% 100% 4.6% 6.8% 7.4% 19.1% 16.9% 80% 80% 52.6% 20.7% 20.4% 55.5% 54.3% 60% 60% 72.0% 40% 12.6% 40% 60.3% 62.8% 20% 34.8% 20% 37.7% 38.3% 23.4% 0% 0% Q2FY2018 Q1FY2019 Q2FY2019 Q2FY2018 Q1FY2019 Q2FY2019 CLM HRO AML India U
Slide 19: 3. Business Outlook
1. Performance Highlights √ 2. Performance Review & Analysis √ 3. Business Outlook 19
Slide 20: Business Outlook
Business Outlook • India and Manila Operations continue to look promising and likely to sustain current momentum. • HRO will continue to do well in rest of FY2019 with growth coming from both the HRO international and domestic markets. • CLM India domestic business and CLM Manila business likely to