Info Edge India Ltd. · NSE:NAUKRI
Info Edge India — Q2 FY2025 Earnings Presentation
37 slides from Info Edge India's earnings presentation, November 2024
Slide 1: Earnings Presentation Quarter ended September 30, 2024
Earnings Presentation Quarter ended September 30, 2024
Slide 2: Disclaimer
Disclaimer By attending the meeting/telephonic call where this presentation is made, you agree to be bound by the trailing restrictions regarding the information disclosed in this presentation. This presentation has been prepared by Info Edge (India) Limited (the “Company”) solely for information pu
Slide 3: Standalone Financial Performance
Standalone Financial Performance 3
Slide 4: IEIL Standalone performance (Q2FY25) – at a glance
IEIL Standalone performance (Q2FY25) – at a glance Rs. 650cr Rs. 251cr Rs. 262cr Rs. 4,268cr Billings Operating Profit Cash from operations Cash Balance (YoY +14.3%) (YoY +14.8%) (before Taxes) as of Sep 30, 2024 (YoY +4.7%) Rs. 19.98 Earning per share1 – Q2FY25 Rs. 656cr 38.3% (YoY +20.7%) 5,820 Re
Slide 5: Key highlights regarding standalone financial performance for Q2FY25
Key highlights regarding standalone financial performance for Q2FY25 Billing growth in Q2 was driven by continued improvement in the recruitment business and the 1. sustained performance of the non-recruitment businesses Deferred sales revenue in Q2FY25 was Rs. 1,069cr 2. Operating profit margins im
Slide 6: Info Edge Q2FY25 highlights: billings growth, margin expansion and cash generation
InfoEdge Q2FY25 highlights: Healthy improvement in billings growth coupled with operating margins expansion and increased cash generation Billings (Rs. Cr) Operating profit (Rs. Cr) and margins (%) Incl. acquired 581 671 1,120 1,267 Op. Profit margin % 36.9% 38.3% 36.3% 36.9% businesses* +12.6% +11.
Slide 7: Business Segments Financial Performance
Business Segments Financial Performance 7
Slide 8: Recruitment business: billings growth improved in Q2 with increased cash generation
Recruitment business: The billings growth rate improved to 14% in Q2 with increased cash generation Billings (Rs. Cr) Op. profit (Rs. Cr) & margin (%) Q2FY25 highlights Op. Profit 59.2% 57.8% 59.1% 55.9% +11.4% % Overall billings growth of 14% YoY, a double digit +1.3% 923 growth after 5 quarters. 8
Slide 9: 99Acres: Billings grew 16% YoY in Q2FY25; operating losses reduced
99Acres: Billings grew at 16% YoY in Q2FY25; Operating losses further reduce by 14% YoY Billings (Rs. Cr) Operating profit (Rs. Cr) Q2FY25 highlights +13.7% Unsold new project inventory levels remain at lower 188 Q2FY24 Q2FY25 H1FY24 H1FY25 levels in most metros. 166 +16.5% 107 92 (17) (14) New proj
Slide 10: Jeevansathi: business almost reached breakeven on billings growth
Jeevansathi: The business almost reached breakeven, driven by continued billings growth (31% YoY) and sustained cost control in Q2 as well Billings (Rs. Cr) Operating profit (Rs. Cr) Q2FY25 highlights +33.4% Q2FY24 Q2FY25 H1FY24 H1FY25 The matchmaking industry remains competitive, with 51 the top 3
Slide 11: Shiksha: Revenue growth at 10% and billings flattish in Q2
Shiksha: Revenue growth at 10% and billings remained flattish in Q2 Billings (Rs. Cr) Operating profit (Rs. Cr) Q2FY25 highlights 1 +12.7% 66 In Q2FY25, billings growth reduced by 2.8% and 59 revenue grew by 9.7% and the cash losses from -2.8% operations were Rs. 11.5cr. 26 25 (3) (3) (4) Shiksha's
Slide 12: Consolidated Financial Performance
Consolidated Financial Performance 12
Slide 13: Summary of consolidated financial performance for Q2FY25
Summary of consolidated financial performance for Q2FY25 At the consolidated level, the net sales for the Company stood at Rs. 700.8cr in Q2FY25 versus Rs. 625.8cr for Q2FY24 At the consolidated entity level, the total comprehensive income stands at Rs. 8,170.2cr in Q2FY25 compared to Rs. 3,399.4cr
Slide 14: Operational Highlights
Operational Highlights infoedge
Slide 15: InfoEdge businesses
InfoEdge businesses Core Operating Businesses Strategic Investments Financial Investments Recruitment Real Estate Matchmaking Education 15
Slide 16: Recruitment business – Key operating highlights
Recruitment business – Key operating highlights 16
Slide 17: Recruitment business – key highlights
Recruitment business – key highlights Dominant Traffic Share among peers Rs. 492cr Rs. 286cr Q2FY25 Billings Q2FY25 Operating Profit 57.8% Rs. 289cr Q2FY25 Operating PBT margin Q2FY25 Cash from operations 75%+ 103 million Traffic Share1 Resume database2 ~82k 489k Unique revenue Job listings2 generat
Slide 18: Breakdown of revenue by Product and Industry
Breakdown of revenue by Product and Industry Revenue split by products1 Revenue split by industry1 Assisted Others, 5.2% Services/Others search, 5.0% , 18.0% Branding, 4.5% IT & ITES, Job seeker Manufacturing, 31.1% services, 7.7% 4.2% BFSI, 9.2% Job listings, 9.3% Recruitment Infrastructure, Firms,
Slide 19: Growing customer base and realization per user driving billings growth
Growing customer base along with enhancing Avg. Realization Per User driving billings growth No. of clients (‘000) Billings (Rs. Cr) 1,859 1,883 132 127 1,436 110 FY22 FY23 FY24 FY22 FY23 FY24 Avg. realization per client (Rs. ‘000) Operating profit margin (%) 111 113 59.9% 56.9% 58.2% 86 FY22 FY23
Slide 20: Real Estate business – Key operating highlights
Real Estate business – Key operating highlights 20
Slide 21: 99Acres – key highlights
99Acres – key highlights Rs. 107cr ~16% Q2FY25 Billings YoY Billings growth (Q2FY25) ~29% ~39% YoY improvement in YoY reduction in H1FY25 operating profit cash losses in H1FY25 180k+1 789k+2 Total projects Total listings Notes:1 As of Sep’24; 2 As of Sep’24 and includes 319k+ owner listings 21
Slide 22: 99Acres traffic time share
99Acres traffic time share Overall traffic (from desktops & laptops, web mobile) 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 99Acres MagicBricks CF Housing Source: SimilarWeb 22
Slide 23: Buyers & tenants spend more time on 99acres with lower bounce rate
Buyers & Tenants spend more time on 99acres with lower/similar bounce rate vs most competitors Lower bounce rate on 99Acres platform demonstrating the high quality of traffic Higher time spent by buyers and tenants on 99Acres platform demonstrating high engagement Source: SimilarWeb; Desktop + Mobil
Slide 24: Key business metrics for 99Acres
Key business metrics for 99Acres Distribution of total 789k+ listings Distribution of 82.5k+ total customer base Billing breakdown by customer type Owner, Broker, 8% 41% Commerical, 20% Builder, Owner, Broker, 29% 51% 62% Residential, 80% Builder, 7% As of Sep 30, 2024 Data for trailing 12 months to
Slide 25: Matrimony business – Key operating highlights
Matrimony business – Key operating highlights 25
Slide 26: Jeevansathi – key highlights
Jeevansathi – key highlights Rs. 26cr 31%+ Q2FY25 Billings YoY Billings growth (Q2FY25) 92% ~83% YoY reduction in YoY reduction in H1FY25 operating losses cash losses in H1FY25 90%+ ~41% User traffic & time spent YoY reduction in marketing on Android and iOS apps spends in H1FY25 26
Slide 27: Education business – Key operating highlights
Education business – Key operating highlights 27
Slide 28: Shiksha – key highlights
Shiksha – key highlights India’s largest Higher Education Classified platform Domestic competitors include – Careers360, Collegedunia, CollegeDekho, getmyuni, Sarvgyan, Pagalguy, MBAuniverse, Aglasem 28 Study Abroad competitors include - Top universities (QS), IDP, Hotcourses, Yocket, LeapScholar, S
Slide 29: Investments
Investments infoedge 29
Slide 30: Financial Investments in technology-based Startups
Financial Investments in technology-based Startups Investments in Listed Entities Shareholding: 13.58% Shareholding: 12.61% Balance sheet investments in 22 active financial investments in the portfolio. Unlisted Entities Total books value of Rs. 638.6cr Info Edge Venture fund*.- First Scheme – USD10
Slide 31: Financial Investment Portfolio
Financial Investment Portfolio Financial Investments - Listed Companies Carrying value of investment Diluted and converted Investee Company as of Sep 30, 2024 shareholding % (Rs. Cr.) (Actual) Zomato 146.5 13.58% PB Fintech 575.8 12.61% Total 722.3 Strategic Investments Carrying value of investment
Slide 32: Financial Investment Portfolio
Financial Investment Portfolio Financial Investments - Unlisted Companies Carrying value of investment as Diluted and converted Investee Company Prominent Domain names of Sep 30, 2024 shareholding % (Rs. Cr.) (Actual) Agstack Technologies Private Limited http://www.gramophone.in/ 42.5 43.44% Printo
Slide 33: Balance Sheet Summary & Data Sheet
Balance Sheet Summary & Data Sheet 33
Slide 34: Standalone Balance Sheet Summary as of September 30, 2024
Standalone Balance Sheet Summary as of September 30, 2024 Assets (Total: Rs. 40,604cr) Liabilities (Total: Rs. 40,604cr) 3.0% 2.6% 8.5% 12.0% 88.5% 85.4% Investments Cash & Cash Equivalents Other Operating Assets Shareholder's Equity Other Liabilities & Provisions Deferred Sales Revenue / Customer A
Slide 35: Data sheet – Q2FY25 (1/2)
Data sheet – Q2FY25 (1/2) As at end of/ during Q2FY25 Q1FY25 Q4FY24 Q3FY24 Q2FY24 Q1FY24 Q4FY23 Q3FY23 Q2FY23 Q1FY23 Q4FY22 Q3FY22 Q2FY22 Q1FY22 FY24 FY23 FY22 Key business metrics Naukri.com Number of resumes on Naukri.com 103 100 98 96 94 91 89 88 86 84 82^ 80 78 76 98 89 82^ (in millions) Average
Slide 36: Data sheet – Q2FY25 (2/2)
Data sheet – Q2FY25 (2/2) As at end of/ during Q2FY25 Q1FY25 Q4FY24 Q3FY24 Q2FY24 Q1FY24 Q4FY23 Q3FY23 Q2FY23 Q1FY23 Q4FY22 Q3FY22 Q2FY22 Q1FY22 FY24 FY23 FY22 Key financial metrics Segment Billing (in Rs million) Recruitment business 4,920 4,314 6,254 4,289 4,314 3,975 5,835 4,346 4,256 4,150 5,133
Slide 37: Investor relations contact
Investor relations contact Name Chintan Thakkar Vineet Ranjan Designation Director and CFO SVP – Investor Relations E-mail chintan@infoedge.in vineet.ranjan@infoedge.com Telephone +91 120 3082137 +91 120 3082089 +91 120 3082095 Fax Address Info Edge (India) Limited, B 8, Sector 132, Noida – 201 301,