R Systems International Limited · NSE:RSYSTEMS
R Systems International — Q3 2023 Earnings Presentation
12 slides from R Systems International's earnings presentation, Nov 1, 2023
Slide 1: Q3 2023 Investor Presentation
Q3 2023 Investor Presentation By : Nitesh Bansal (CEO & MD)
Slide 2: Disclaimer
Disclaimer “Investors are cautioned that this presentation contains forward looking statements that involve risks and uncertainties. The Company undertakes no obligation publicly to update or revise any forward- looking statements, whether because of new information, future events, or otherwise. Act
Slide 3: Engineering Services Market
Engineering Services Market We play in 3 out of 4 key segments Global Outsourced engineering services spend (USD billion) ER&D services market consists of 4 major segments ER&D services include preparation, design and consulting work to support engineering projects undertaken by enterprises Mechanic
Slide 4: We are well poised to take advantage of current trends
We are well poised to take advantage of current trends Demand and supply-side trends shaping the engineering services market Deep dives ahead Demand-side Supply-side We have a mature Embedded and Digital engineering practice and are 1. Embedded, software & platforms, and digital engineering 4. Pure
Slide 5: Key Highlights Q3 2023
Key Highlights Q3 2023 EBITDA : ₹859M (US$ 10.4M) Revenue* ₹ 4,573M (US$ 55.3M) Q3 2023 18.78* Q3 2022 14.54 YoY Revenue* 14.84% Growth (10% net of one-time Q2 2023 14.74 fee) EBITDA Margin (%) YoY EBITDA* 48.36% * Excluding one time BOT Fee for a Knowledge Service Customer, Revenue will be ₹ 4,380
Slide 6: Key Highlights Jan-Sep 2023
Key Highlights Jan-Sep 2023 EBITDA : ₹2,002M (US$ 24.3M) Revenue* ₹ 12,682M Jan-Sep (US$ 154.0M) 2023 15.79 * 13.60% YoY Revenue* Jan-Sep (11.9% net of one-time 13.31 Growth 2022 fee) EBITDA Margin (%) Net Profit ₹ 942M * Excluding one time BOT Fee for a Knowledge Service Customer, Revenue will be ₹
Slide 7: Key Highlights (Continued…)
Key Highlights (Continued…) • Market continues to be challenging with continued headwinds from customers. • Deepening our engagement with customers and helping them with their immediate priorities of reducing cost of product development and leveraging Cloud, Data and AI to differentiate themselves.
Slide 8: Financial Performance – Contribution Analysis – Q3 2023
Financial Performance –Contribution Analysis – Q3 2023 Q3 2023 Q3 2022 Q2 2023 Particulars ₹ in M US$ in M ₹ in M US$ in M ₹ in M US$ in M Revenues 4,573.47 55.34 3,982.39 50.08 4,067.80 49.51 Cost of revenues 2,822.41 34.14 2,533.76 31.83 2,650.73 32.26 Gross margin 1,751.06 21.20 1,448.63 18.25 1,
Slide 9: Big Picture – Revenue & EBITDA %age – Quarter wise
Big Picture – Revenue & EBITDA %age – Quarter wise 4900 20 4,573 18.78 4200 3,982 3,995 4,041 4,068 3,750 3,431 15 3500 14.93 14.54 14.74 Revenue (₹ in M) 13.09 13.45 EBITDA % 2800 12.14 10 2100 1400 5 700 0 0 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 * Revenue EBITDA % * Excluding one time BOT Fee
Slide 10: Quarterly Revenue Breakdown
Quarterly Revenue Breakdown By Geography (%) – based on location of customer 80.0 74.2 75.6 75.2 74.6 72.7 74.7 71.5 60.0 40.0 20.0 12.812.3 10.812.1 9.0 12.8 9.3 13.0 10.112.5 10.813.3 9.5 12.5 2.5 0.9 2.2 0.7 1.6 1.0 1.3 1.2 1.7 1.1 1.8 1.4 2.1 1.2 - Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 North
Slide 11: Summing Up and Looking Ahead
Summing Up and Looking Ahead Q3 2023 has been an exciting quarter, with large deal wins and successful initiation of GTM alignment based on industry verticals. As customers face headwinds, we deepen our relationships through better relationship management (farming) and sharper offerings addressing t
Slide 12: Thank You
Thank You Worldwide Headquarter USA Corporate Office R Systems International Ltd. R Systems Inc. C - 40, Sector - 59, 5000 Windplay Drive, Noida 201307 (UP), India El Dorado Hills, CA 95762 P: (+91) 120-430-3500 P: (+1) 916-939-9696 F: (+91) 120-258-7123 (+1) 800-355-5159 F: (+1) 916-939-9697
R Systems International — Q3 2023 Earnings Presentation on 6ix