Ags Transact Technologies Ltd. · NSE:AGSTRA
Ags Transact Technologies — Q4 FY23 Earnings Presentation
34 slides from Ags Transact Technologies's earnings presentation, May 27, 2023
Slide 1: Regulation 30 intimation to stock exchanges
Date: May 27, 2023 To, To, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai – 400001 Mumbai - 400051 BSE Scrip Code: 543451 NSE Scrip Symbol: AGSTRA Sub: Intimation under Regulation 30 of
Slide 2: Investor Presentation May 2023
Payment Solutions (Cash & Digital) | Banking Automation Solutions | Other Automation Solutions AGS TRANSACT TECHNOLOGIES LIMITED INVESTOR PRESENTATION MAY 2023
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by AGS Transact Technologies Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for
Slide 4: Key Highlights of the Quarter
KEY HIGHLIGHTS OF THE QUARTER
Slide 5: Management Commentary
Management Commentary “The performance for this quarter and full-year period has been muted due to external challenges and some delays in execution. For the quarter, our total income from revenue grew by 7% YoY. From an annual performance point of view, our total income from revenue fell by 5%. Howe
Slide 6: FY24 Roadmap
FY24 Roadmap Business Entity Business Area FY23 Performance FY24 - Road Ahead Expected to grow faster at YoY with 8,000 new ATMs coming under fold. This is a Total Income – Rs. 8,962 mn capex light expansion. ATM Outsourcing EBIDTA – Rs. 2,640 mn Solutions EBITDA Margin – 29.5% Revenue growth in ATM
Slide 7: Performance Highlights: Q4FY23
Performance Highlights: Q4FY23 ₹ Mn Total Income Adj EBITDA • In Q4FY23, the total income increased by 7% on YoY basis 28.6% 27.6% 28.3% 4,248 4,349 1,231 • In Q4FY23, Adjusted EBITDA witnessed an increase of 6% YoY, 4,050 1,160 1,171 primarily on account of change in Revenue Mix • Adjusted EBITDA M
Slide 8: Consolidated Statement of Profit and Loss
Consolidated Statement of Profit and Loss (In ₹mn) Q4FY23 Q4FY22 YoY Q3FY23 QoQ FY23 FY22 YoY Revenue from operations 4,247 3,988 4,154 16,713 17,718 Other income 102 62 94 362 254 Total income 4,349 4,050 7% 4,248 2% 17,075 17,972 -5% Expenses Cost of raw materials and components consumed 528 471 2
Slide 9: Adjusted EBITDA and PBT Bridge
Adjusted EBITDA and PBT Bridge (In ₹mn) Q4FY23 Q4FY22 Q3FY23 FY23 FY22 Reported EBITDA 835 814 1,102 4,319 4,363 Add: ESOP Expenses 8 37 14 75 113 Add: Non-recurring items Loss allowance on trade receivables 387 247 50 492 247 Expenses incurred for IPO 0 13 0 0 13 Forex Loss due to devaluation of cu
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet (In ₹mn) Mar-23 Mar-22 (In ₹mn) Mar-23 Mar-22 Non-current assets Equity and liabilities Property, plant and equipment 4,975 5,425 Equity Right – of – use Asset 2,619 3,210 Equity share capital 1,205 1,202 Capital work-in-progress 345 435 Other equity 4,146 3,616 Goodwill 2
Slide 11: Consolidated Cashflow Statement
Consolidated Cashflow Statement (In ₹mn) FY23 FY22 (A) Cash flow from operating activities Net restated profit/(loss) before tax 575 (666) Adjustments: 3,981 5,159 4,557 4,494 Changes in working capital : Decrease / (increase) in inventories (96) 48 (Increase) / decrease in trade receivables (256) (
Slide 12: AGS Transact Technologies – Overview
AGS Transact Technologies – Overview Operational and Financial Snapshot (As of Q4FY23) One of the largest integrated omni-channel payment solutions provider in India1 catering to banks & corporate clients2 serving across diverse industries including retail, petroleum, ecommerce and fintech sectors 7
Slide 13: Evolution of AGS Transact Technologies
Evolution of AGS Transact Technologies 2014 – onwards Expanded into payments solutions offering Digital & Cash payment solutions 2009 – onwards Offer ATM outsourcing & managed services, cash management services 2004 – onwards Started providing banking automation solutions in India Continuously 11
Slide 14: Integrated Omni-Channel Payment Solutions Provider (1/2)
Integrated Omni-Channel Payment Solutions Provider (1/2) Preferred partner for cash and digital payment solutions AGS offers end-to-end Cash & Digital Payment solutions across industries supported by inhouse service teams and technology platform Industries Primary Banking Petroleum Retail Transit Fi
Slide 15: Integrated Omni-Channel Payment Solutions Provider (2/2)
Integrated Omni-Channel Payment Solutions Provider (2/2) Preferred partner for cash and digital payment solutions End-to-end cash and digital payment solutions and technology provider with a dominant presence across India (As of Q4 FY23) 1 ATM & CRM Outsourcing / Management 29,728 ATMs, including Ca
Slide 16: End-to-End Provider of Cash Payment Solutions
End-to-End Provider of Cash Payment Solutions Established Leadership Position in the ATM Industry “Only” company in India to provide the full range of services in the ATM managed services market* Managed Services (MSP) Independent Deployment (IAD) 1 2 3 4 5 6 7 8 9 10 Site Procurement, Daily Operati
Slide 17: In-House Cash Management Capabilities
End-to-End Provider of Cash Payment Solutions In-House Cash Management Capabilities SVIL | Second largest cash management company in India, in terms of revenue from cash management and number of ATMs replenished1 AT M Counting, sorting, Dedicated cash vans used ATM replenishment, Complete Cash picku
Slide 18: End-to-end digital payment solutions provider
End-to-end digital payment solutions provider Comprehensive Suite of Merchant Solutions Payment Acceptance Value Added Services (Device-based and Integrated Payments Merchant Application Loans Against Card CUG Prepaid & device-less) Billing Software Solution (IPS) and Portal Receivables Loyalty Fina
Slide 19: End-to-end digital payments platforms
End-to-end digital payments platforms Offering Value Added Services to Monetize POS Network Continue to monetise POS network to cross-sell VAS to merchants Merchant Analytics application Loans Against Cash @ POS Vehicle Card Receivables / Micro-ATM At the Forecourt Insurance In the Sales Office Coup
Slide 20: Ability to innovate and offer digital payment solutions
End-to-end digital payment solutions provider Ability to innovate and offer digital payment solutions Built Omni Channel Payment Platform Capabilities CHANNELS INTERFACES ATMs and Kiosks POS terminals Mastercard, Visa, Immediate Aadhar Enabled Payment gateway American Express, Payment System Payment
Slide 21: Board of Directors and Senior Management Team
Board of Directors and Senior Management Team ◼ One of the Promoters of the Company Ravi B. Goyal ◼ Responsible for the management of the overall operations of our Company and our Subsidiaries (Chairman & Managing Director) ◼ Prior to establishing AGS, founded Advanced Graphic Systems, a proprietary
Slide 22: Way Forward
WAY FORWARD
Slide 23: Fast Growing Digital Payments Industry
Fast Growing Digital Payments Industry Digital Payments growth momentum expected to continue Extraordinary growth in Indian digital payment space in the last few years Digital Payment Industry Number of PoS Terminals Transaction Value* (₹ Bn) Payment Services Market In ‘000 Transaction Volume (Bn) D
Slide 24: Strong Growth in the Cash Payments Industry
Strong Growth in the Cash Payments Industry Despite the growth of cashless transactions, people in India rely heavily on cash transactions in their day-to-day life Cash Payments Industry Cash Transactions account for 89% of all transactions (FY23) Cash in circulation as a % of GDP* Cash withdrawal f
Slide 25: Building Blocks to Implement Future Strategy
Building Blocks to Implement Future Strategy Grow and scale-up Digital Continued focus on Cash Continued focus on ATM & CRM Enhance Integrated Outsourcing Technology Payments Platform & Managed Services Pivot from Payments-as-a-Service to Focus on Cash Management Services Payments-as-a-Convenience t
Slide 26: Historical Financials
AGS HISTORICAL rinanciats / MS
Slide 27: Established track record of delivering robust financial performance
Established track record of delivering robust financial performance as well as continued growth Revenue from operations Breakdown Service Service Revenue Revenue 8.5% 12.4% 56.8% 13.9% 15.6% 82.8% 93.7% 47.5% 11.5% 4.8% 15.5% 8.7% 13.6% FY19 FY23 FY19 FY23 17.2% 16.8% 70.8% 6.3% 80.0% ATM & Manageme
Slide 28: Consolidated Statement of Profit and Loss
Consolidated Statement of Profit and Loss (In ₹mn) FY23 FY22 YoY FY21 Revenue from operations 16,713 17,719 17,589 Other income 362 254 382 Total income 17,075 17,973 -5% 17,972 Expenses COGS 1,782 2,281 2,630 Employee benefit expenses 2,328 2,547 2,749 Other expenses 8,058 8,355 7,797 Adjusted EBIT
Slide 29: Consolidated Summary Statement of Assets and Liabilities
Consolidated Summary Statement of Assets and Liabilities (In ₹mn) FY23 FY22 FY21 (In ₹mn) FY23 FY22 FY21 Non-current assets Equity and liabilities Property, plant and equipment 4,975 5,425 6,032 Equity Right – of – use Asset 2,619 3,210 3,207 Equity share capital 1,205 1,202 1,186 Capital work-in-pr
Slide 30: Consolidated Summary Statement of Cash Flows
Consolidated Summary Statement of Cash Flows (In ₹mn) FY23 FY22 FY21 (A) Cash flow from operating activities Net restated profit/(loss) before tax 575 (666) 824 Adjustments: 3,981 5,159 3,687 4,557 4,494 4,511 Changes in working capital : Decrease / (increase) in inventories (96) 48 (81) (Increase)
Slide 31: Annexure
ANNEXURE
Slide 32: Banking Automation, and Other Automation Solutions - Business Overview
Banking Automation, and Other Automation Solutions - Business Overview Banking Automation Solutions Other Automation Solutions • Cash Dispensers: Enable customers to access their bank accounts to make cash • Cash Billing Terminals: Offers cash billing terminals and solutions to retail withdrawals (o
Slide 33: AGS Transact Technologies - Corporate Structure
AGS Transact Technologies - Corporate Structure Promoters and 65.52% AGS Transact Promoter Group Technologies Ltd. 100% 100% 100% Global Transact Services Pte. Ltd 90% Novus Technologies Pte. Ltd. India Transact Securevalue India Ltd. (Cash and Digital Payment Services Ltd. (Cash Management) Solutio
Slide 34: Thank You
THANK YOU AGS Transact Technologies Limited Strategic Growth Advisors Pvt Ltd. CIN: L72200MH2002PLC138213 CIN: U74140MH2010PTC204285 Ms. Sneha Kadam Shikha Puri / Aakash Mehta Company Secretary & Compliance Officer Email id: shikha.puri@sgapl.net / aakash.mehta@sgapl.net Email id: companysecretary@a
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