Black Box Limited · NSE:BBOX
Black Box — Q2 FY25 Earnings Presentation
24 slides from Black Box's earnings presentation, Nov 11, 2024
Slide 1: Submission of Investor Presentation to exchanges
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Slide 2: Black Box Limited Results Presentation November 2024
PROPELLING DIGITAL INFRASTRUCTURE D ATA C E N T E R Black Box Limited Results Presentation November 2024
Slide 3: Safe Harbour
SAFE HARBOUR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Black Box Limited have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not f
Slide 4: Q2 & H1 FY25 Financial Highlights
Q2 & H1 FY25 FINANCIAL HIGHLIGHTS 3
Slide 5: Financial Highlights – Q2 and H1 FY25
Financial Highlights – Q2 and H1 FY25 In INR Crore Revenue: ▪ Strategic focus on high-value customers 1,574 1,423 1,497 3,146 2,921 ▪ Pipeline continues to remain strong; order book at US$ 455 million REVENUE ▪ Rearchitecting the Go-To-Market (GTM) strategy into Industry Verticals and Horizontal Sol
Slide 6: Consistent Growth in EBITDA & PAT Margins At Record High
Consistent Growth in EBITDA & PAT Margins At Record High CQGR ~11% 9.0% 160 10. 0% 140 8.2% 8.1% 9.0 % 7.0% 135 8.0 % 6.4% 120 5.6% 5.7% 122 7.0 % 100 116 115 6.0 % 4.3% 101 80 3.9% 95 5.0 % 3.2% 72 4.0 % 60 89 54 3.0 % 40 50 2.0 % 20 1.0 % 0 0.0 % Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3
Slide 7: Healthy Total Order Book
Healthy Total Order Book Total Order Book (US$ million) 470 475 455 17 15 Order Book and Pipeline Future Outlook 18 175 167 147 ▪ Large deal pipeline continues to grow ▪ Higher capex investment and a favorable interest rate environment 135 130 will drive investments in the digital infrastructure spa
Slide 8: Management Commentary
Management Commentary Commenting on the results and performance Mr. Sanjeev Verma, Whole-time Director, Black Box said, “Our strategic focus on reorganising the business into industry verticals and a horizontal business layer will help us to transition into the next phase of growth. A focused approa
Slide 9: Secured INR 386 Crore In Funding To Drive Growth And Expansion
Secured INR 386 Crore In Funding To Drive Growth And Expansion In Digital Infrastructure Sector (in INR crore) Promoters 200 The company had offered 92,65,215 fully convertible warrants each convertible into 1 Equity Share of face value of INR 2/- (Rupees two only) each to the ‘Promoter FII & HNI 17
Slide 10: Renewed Go-To-Market Operating Model
Renewed Go-To-Market Operating Model Consumer & Commercial & Vertical Financial Services Technology Healthcare Public Services Industrial Horizontal Existing Accounts New Accounts Existing Accounts New Accounts Existing Accounts New Accounts Existing Accounts New Accounts Existing Accounts New Accou
Slide 11: Well Diversified Global Business Model – H1 FY25
Well Diversified Global Business Model – H1 FY25 Revenue by Geography Revenue by Industry India, 6% Europe, 8% 12% MEA, 2% Technology APAC, 5% 32% Financial Services 12% Healthcare Latin America, 2% Consumer and Public Services 12% North America, 77% Commercial and Industrial 11% 20% TPS Client Conc
Slide 12: Q2 & H1FY25 – Consolidated P&L
Q2 & H1FY25 – Consolidated P&L Particulars (in INR Crore) Q2 FY25 Q2 FY24 YoY Q1 FY25 QoQ H1 FY25 H1 FY24 YoY Revenue from Operations 1,497 1,574 -5% 1,423 5% 2,921 3,146 -7% Gross Profit 452 437 3% 439 3% 890 854 4% Gross Profit Margin 30.2% 27.7% 30.8% 30.5% 27.1% Gain on foreign currency transact
Slide 13: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (in INR Crore) Sep-24 Mar-24 Particulars (in INR Crore) Sep-24 Mar-24 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Equity Share Capital 34 34 Property, Plant And Equipment 119 120 Other Equity 603 447 Right Of Use Asset 275 291 Total Equity 636 481 G
Slide 14: Summary Of Consolidated Cash Flows
Summary Of Consolidated Cash Flows Particulars (in INR Crore) H1 FY25 H1 FY24 Operating profit before working capital changes 220 172 Changes in working capital -85 -123 Cash generated from operations 135 50 Direct taxes paid (net of refund) -18 -3 Net Cash from Operating Activities (A) 117 47 Net C
Slide 15: Medium Term Targets
Propelling Digital Infrastructure MEDIUM TERM TARGETS
Slide 16: Medium-Term Targets
Medium-Term Targets All figures FY24A YoY Growth FY25E Focus on top 300 customers and in INR crore 01 share of wallet expansion REVENUE 6,282 6,600 to 6,900 5% to 10% 02 Addition of large new clients Normalised Focus areas 428 525 to 560 for growth EBITDA 23% to 31% & 6.8% 8.0% - 8.1% Margins 03 Ino
Slide 17: Strategic Initiatives & Focus Towards Revenue Growth
Strategic Initiatives & Focus Towards Revenue Growth Reorganising the Go-To-Market (GTM) structure Focus on industry verticals and horizontal solution as GTM strategy Significant strengthening of leadership & sales teams Deeper engagement with top 300 largest customers Focus on increasing the number
Slide 18: Roadway To Margin Expansion
Roadway To Margin Expansion Customer operations and shared services utilising our center of excellence in Bangalore Better rookie mix Better procurement and sub-contractor management Our Margin Expansion Strategy Right shore to ensure cost optimization Facility optimization and ERP consolidation Rep
Slide 19: ESG Roadmap: 2024 To 2029 And Beyond
ESG Roadmap: 2024 To 2029 And Beyond Responsibility as a Global Corporate Citizen Aligning to Regulatory and Customer Framework DATA BUILDING THE DISCLOSURES & IMPLEMENTATION AGGREGATION FOUNDATION RATINGS • Data Review and Stake • ESG Awareness Policy • Execute ESG Roadmap • BRSR Reporting Holders
Slide 20: Historical Financial Highlights
HISTORICAL FINANCIAL HIGHLIGHTS 19
Slide 21: Consolidated P&L Statement
Consolidated P&L Statement Particulars (in INR Crore) FY19 FY20* FY21 FY22 FY23 FY24 Revenue from Operations 1,853 4,994 4,674 5,370 6,288 6,282 Gross Profit 496 1,521 1,497 1,549 1,640 1,714 Gross Profit Margin 26.8% 30.4% 32.0% 28.9% 26.1% 27.3% Gain on foreign currency transaction (net) 0 0 0 3 -
Slide 22: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (in INR Crore) Mar-19 Mar-20* Mar-21 Mar-22 Mar-23 Mar-24 Particulars (in INR Crore) Mar-19 Mar-20* Mar-21 Mar-22 Mar-23 Mar-24 EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant And Equipment 156 164 164 190 161 120 Equity Share Capital 30 30 33
Slide 23: Summary Of Consolidated Cash Flows
Summary Of Consolidated Cash Flows Particulars (in INR Crore) FY19 FY20* FY21 FY22 FY23 FY24 Operating profit before working capital changes -33 346 407 224 296 424 Changes in working capital -13 817 -156 -108 -282 -313 Cash generated from operations -46 1,163 251 117 13 111 Direct taxes paid (net o
Slide 24: Contact Us
Contact Us Company : Investor Relations Advisors : Black Box Limited Strategic Growth Advisors Private Limited CIN: L32200MH1986PLC040652 CIN: U74140MH2010PTC204285 Purvesh Parekh Rahul Agarwal / Karan Thakker purvesh.parekh@blackbox.com rahul.agarwal@sgapl.net / karan.Thakker@sgapl.net +91 982143 8