Infobeans Technologies Ltd. · NSE:INFOBEAN
Infobeans Technologies — Q4 FY2023 Earnings Presentation
41 slides from Infobeans Technologies's earnings presentation, May 12, 2023
Slide 1: Exchange filing cover letter
To, Date: 12th May, 2023 The Listing and Compliance Department, The Manager, National Stock Exchange of India Limited Listing Dept. Exchange Plaza, 5th Floor, BSE Limited Plot No. C/1, G block, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra East, Mumbai – 400051 Mumbai-400001
Slide 2: InfoBeans Investors Call
InfoBeans Investors Call Quarter and Year ended on 31st March, 2023
Slide 3: About InfoBeans
About InfoBeans InfoBeans, founded in 2000 and now 1450+ strong, is a publicly listed Digital Transformation and Product Engineering organization. We strive to deliver exceptional value to our clients using best software technologies while solving their complex business problems. Strengthened by our
Slide 4: Transformation over the years
2023 Transformation over the years 2022 Revenue 399 Crs. 2018 Listed on BSE Fortune 2017 500 clients 2021 in each IPO on market Acquired Pune 2012 NSE based CMMi level Eternus 3 2019 Solutions 2004 2005 Opened Opened in US 2015 Pune office 2007 2016 2014 Acquired US based Philosophie Group, Inc Open
Slide 5: InfoBeans at a glance
InfoBeans at a glance Overview 2000 13 1450+ 74 13 15 Born Years of active Team members Clients with over Clients with Active fortune growth smiling ₹1 Cr invoiced over $1 mn 500 clients Financials ₹ 399 ₹ 85 ₹ 36 ₹ 176 38% 42% FY 2022-23 in INR Crs Revenue EBITDA PAT Cash & Equivalent Revenue growt
Slide 6: InfoBeans Global Service offerings
InfoBeans Global Service offerings Enterprise software User experience and Blockchain based Salesforce consulting & Robotic process engineering for web, interaction design software solutions implementation - automation mobile & cloud marketing, sales, service, Rapid prototyping & Enabling enterprise
Slide 7: Board of Directors
Management Team Board of Directors Siddharth Sethi Mitesh Bohra Avinash Sethi Co-founder Co-founder Co-founder Shilpa Saboo Sumer Bahadur Singh Mayuri Mukherjee Independent Director Independent Director Independent Director 6
Slide 8: Highly Experienced Core Team
Management Team Highly Experienced Core Team Jitendra Tanna Emerson Taymor Growth Evangelist | EVP SVP, Sales & Marketing - 32 years in Management Design & Innovation Practice & Engineering - 14 years in Design & Sales - 4 years with InfoBeans Shreyas Merchant Denise Cheung SVP, Salesforce Practice
Slide 9: Highly Experienced Core Team
Management Team Highly Experienced Core Team Amit Makhija Arpit Jain Chaitanya Pandya VP Digital Transformation VP Design VP, Delivery - 24 years in Software & - 17 years in Software Salesforce Practice Management Design & Engineering - 9+ years experience - 16 years with InfoBeans - 17 years with I
Slide 10: Highly Experienced Core Team
Management Team Highly Experienced Core Team Jigar Shah Kanupriya Manchanda Manish Malpani VP, Technology VP People VP, Operations Salesforce Practice - 19 years in People - 19 years in Project - 15+ years of experience Development Management in working on Salesforce - 15 years with InfoBeans - 14 y
Slide 11: Financial highlights for Q4 Jan-Mar 2023
Financial highlights for Q4 Jan-Mar 2023
Slide 12: Financial performance for quarter Jan-Mar 23
Financial highlights Financial performance for quarter Jan-Mar 23 ₹ in Crs Mar 2022 Dec 2022 Mar 2023 One time incentive of ₹6 Revenue 95 +2% 102 -5% 97 Crs and provision for ₹2.2 Crs of bad EBITDA 28 -43% 23 -30% 16 debts led to reduction in PAT 16 -70% 9 -40% 5 EBITDA and PAT In USD terms, revenue
Slide 13: Financial highlights for FY 2022-2023
Financial highlights for FY 2022-2023
Slide 14: Financial performance for the year 2022-23
Financial highlights Financial performance for the year 2022-23 Year ending Year ending Revenue grew by ₹ in Crs Mar 2022 Mar 2023 38% year on year Revenue 289 +38% 399 Our focus is on capturing the EBITDA 83 +1% 85 revenue with improving margins PAT 55 -35% 36 in the near term Cash flow from operati
Slide 15: Key performance indicators
HISTORICAL PERFORMANCE Key performance indicators Revenue EBITDA (in ₹ Crs) (in ₹ Crs) - 35% CAGR PAT ROE and ROCE (in ₹ Crs) (in ₹ Crs) 14
Slide 16: Last 10 years growth metrics
HISTORICAL PERFORMANCE Last 10 years growth metrics Our cash reserves grew by 16x Our net worth grew by 13.6x in last 10 years in last 10 years 36% (in ₹ Crs) IPO GR CA Revenue EBITDA PAT CAGR Revenue EBITDA PAT March - 2023 399 84 43 10 Yrs 28% 27% 22% March - 2018 98 21 17 5 Yrs 32% 31% 20% March
Slide 17: Clients
Clients
Slide 18: Few esteemed clientele
Clients Few esteemed clientele 172 year old brand, Legal Only Company in world offering Full range of SaaS based content publisher in all tech solutions for life sciences integrated Human Resources states of US healthcare compliance solutions Under NDA Fortune 500 Its a North A Future 50, American o
Slide 19: Clients' key metrics
Clients Clients’ key metrics 2021-22 2022-23 We onboarded 3 Client mix Fortune 500 and - Fortune 500 12 15 6 Enterprise (> - Enterprise (> $1bn) 8 14 $1bn) clients - Unicorns 7 6 Clients billed more than $1mn 9 13 Generated 90% Clients billed more than ₹1 Cr revenue 43 75 business from Share of reve
Slide 20: Top clients' growth rate
Top 10 clients’ growth rate Growth rate 251% 136% 127% 71% 54% 30% 16% 15% -1% -33% Expanded in 8 out of top 10 clients 51% of the revenue comes from Top 10 Revenue (USD mns) clients averaging 7 years of relationship 19
Slide 21: Revenue breakup
Clients Revenue breakup By geography By segment By business 20
Slide 22: M&A update
M&A update
Slide 23: Our focus
Our focus Deepen existing Add new Expand geo Our sweet capabilities competencies presence spot - ServiceNow - Cloud Tech, - USA - $8-18mn in - Salesforce Blockchain, D&A - Europe revenue - RPA, UiPath - Vertical - BFSI, - UX & Design Healthcare, Manufacturing, Logistics etc. 22
Slide 24: Current pipeline
Current pipeline Management UX Consulting About Two elite ServiceNow APAC based UX and Europe based management partner focused on design focused and technology consulting Enterprise clients based organization with 100 team out of Europe and APAC members Revenue USD 18-20mn USD 3-4mn USD 10-12 mn 18-
Slide 25: Financials
Financials
Slide 26: Audited Consolidated Profit & Loss as on 31st Mar, 2023
FINANCIAL HIGHLIGHTS Audited Consolidated Profit & Loss as on 31st Mar, 2023 (in ₹ Crs) Quarter ended Particulars Mar 2022 Dec 2022 Mar 2023 Revenue On QoQ basis we see softening in Revenue from operations 92 98 92 demand in a few clients Other income 3 4 5 EBITDA Total revenue 95 102 97 Key one time
Slide 27: Audited Consolidated Profit & Loss as on 31st Mar, 2023
FINANCIAL HIGHLIGHTS Audited Consolidated Profit & Loss as on 31st Mar, 2023 (in ₹ Crs) Quarter ended Particulars Mar 2021 Mar 2022 Mar 2023 Revenue On a yearly basis, revenue has increased Revenue from operations 180 271 385 significantly as depicted in top 10 clients Other income 16 18 14 EBITDA Inc
Slide 28: Margin movement
FINANCIAL HIGHLIGHTS Margin movement Year ended As a % of revenue Mar 2022 Mar 2023 Diff Drives pulling margins down - Team expense 60% 68.0% -8.0% - Sales, marketing and traveling 1% 2.0% -1.0% expenses - Provision for bad debts 0.3% 1.6% -1.3% - Other income 6.0% 3.0% -3.0% Drivers supporting marg
Slide 29: Audited Consolidated Balance Sheet as on 31st Mar, 2023
FINANCIAL HIGHLIGHTS Audited Consolidated Balance Sheet as on 31st Mar, 2023 (in ₹ Crs) Year ended Particulars Mar 2022 Mar 2023 Assets Decrease in non-current assets is due Assets to reclassification of investments from non-current to current Non current 277 237 Profits generated from operations Curr
Slide 30: On the ground
On the ground
Slide 31: Events
Events Emerging Tech Transforming Web3 and Design Social Loyalty via NFT Trends Event explores the current and Exclusive NFT talk at our New York Discussion on design future state of the metaverse and office. Thought-provoking experimentations, data-driven how this emerging technology will discussio
Slide 32: Our religion in action: Creating WOW
Our religion in action Creating WOW Applauds 2022-23 4th time in a row Dream Companies to work 31
Slide 33: A business should benefit humans: CSR updates
A business should benefit humans CSR updates 32
Slide 34: CSR @InfoBeans
CSR @InfoBeans ➝ Launched 4th Batch of ITEP for underprivileged ➝ InfoBeans Foundation opened 3rd and largest training centre ➝ Total 79 students have successfully completed their programme ➝ Out of 77 of these students got placed, one with Salesforce with 18 LPA and two other with TCS 33
Slide 35: InfoBeans Vidyadhan
InfoBeans Vidyadhan ➝ Governed by SD Foundation, Vidyadhan- InfoBeans sponsored college education fees (started in 2019), supporting a total of 46 students under Vidyadhan Program ➝ Out of 46 sponsored students 27 have graduated. ➝ 9 out of 27 found employment and are successful in pulling their fam
Slide 36: Empowering rural youth
Empowering rural youth ➝ At Sant Singaji Educational Society we funds 25 rural students for various courses and help them build successful careers ➝ For second and third year students campus placement is going on 35
Slide 37: Empowering women
Empowering women ➝ Anubhuti Social Empowerment & Educational Foundation in Mulshi village, in Maharashtra was founded with the goal of bringing about social and economic change for women in the underdeveloped region ➝ InfoBeans Cloudtech Limited funded 40 rural women, to enable them for skill develo
Slide 38: CSR contribution made by InfoBeans during the FY 2022-23
CSR contribution made by InfoBeans during the FY 2022-23 Activities Name of the institution INR Spend Education InfoBeans Social and Educational Welfare Society 60,50,000 Health Indian Red Cross Society 7,00,000 Education Sant Singaji Educational Society 7,87,500 Plantation Scientech Eco Foundation
Slide 39: Market data
Market data 38
Slide 40: Market data
Market data Price data as of 31st Mar, 2023 Face Value 10.0 Equity Shares 242.5 Outstanding (Lakhs) Trailing 12 months EPS (₹) 17.1 Market Price (₹) 449.9 Market Cap (₹ Crs) 1091.2 Trailing PE 26.3 39
Slide 41: Thank You!
Thank You! Mridul Maheshwari Corporate Development & IR investor.relations@infobeans.com
InfoBeans Technologies — Q4 FY2023 Earnings Presentation on 6ix