Iris Regtech Solutions Limited · NSE:IRIS
Iris Regtech Solutions — IRIS Business Services — Q4 FY2022 Earnings Presentation
38 slides from Iris Regtech Solutions's earnings presentation, May 30, 2022
Slide 1: Earnings presentation filing letter to BSE and NSE
IRIS Business Services Limited 30th May, 2022 To, BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, 5th Floor, Plot No C/1, Phiroze Jeejeebhoy Towers, G Block, Bandra-Kurla Complex, Dalal Street, Bandra (East), Mumbai - 400 051 Mumbai 400 001 Scr
Slide 2: Investor Presentation 30th May 2022
INVESTOR Presentation 3 0 th M a y 2 0 2 2 I R I S B U S IN E SS S E R V I C ES L I M I T E D Compliance, ● Data ● Analytics
Slide 3: Disclaimer
DISCLAIMER This does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed to constitute an offer. No representation or warranty, express
Slide 4: Inside this presentation
INSIDE THIS Presentation 01 ABOUT IRIS 02 GOVERNANCE 03 FINANCIAL PERFORMANCE IRIS BUSINESS SERVICES LIMITED INVESTOR PRESENTATION IRIS BUSINESS SERVICES LIMITED 3
Slide 5: About IRIS
IRIS ABOUT IRIS BUSINESS SERVICES LIMITED
Slide 6: We are Regtech SaaS
We are Regtech SaaS What do we do & therefore We are in the Our delivery That makes us business of mode is SaaS Regtech SaaS Regtech INVESTOR PRESENTATION How do we do it ▪ India’s only listed Regtech SaaS IRIS BUSINESS SERVICES LIMITED 5
Slide 7: About Regtech
About Regtech What is Regtech How it helps Who is it for ▪ It is the use of IT to enhance ▪ To Improve regulatory ▪ Regulators regulatory processes. oversight (This segment is also ▪ Enterprises called Suptech) ▪ To help businesses comply with regulations efficiently and less INVESTOR PRESENTATION e
Slide 8: Our Regtech business
Our Regtech business • TAXONOMY & • IRIS IFILE : On Prem COLLECT CONSULTING: Filing platform for Taxonomy design regulators to help and development, them receive pre Taxonomy testing and validated data COLLECT review, Training, R&D Software platform for regulators to collect • CARBON : SAAS • IRISGS
Slide 9: Our footprint
Our footprint 41 Countries 30+ XBRL Projects INVESTOR PRESENTATION 300+ XBRL Experts Millions of Filings IRIS BUSINESS SERVICES LIMITED 8
Slide 10: Marquee Clientele
MARQUEE Clientele BUSINESS CENTRAL SECs & STOCK FILERS / OTHERS REGISTRIES BANKS EXCHANGES INVESTOR PRESENTATION IRIS BUSINESS SERVICES LIMITED 9
Slide 11: What we do for Regulators
What we do for Regulators The development of a taxonomy is the 1st We charge a one time fee Taxonomy Development step in any XBRL implementation, it is a with payment linked to consulting opportunity. milestones A software product to help the client Bundled with the larger Taxonomy editor maintain t
Slide 12: Regulator implementations
Regulator implementations BUSINESS REGISTRIES BFS REGULATORS CAPITAL MARKETS Malaysia India India Mauritius Jordan Jordan North Macedonia Kuwait Mauritius Qatar Malaysia Nepal Saudi Arabia Oman Qatar Singapore Qatar South Africa Saudi Arabia INVESTOR PRESENTATION Thailand South Africa Only Taxonomy
Slide 13: What is SaaS
What is SaaS Says Zinnov (2) Says McKinsey (1) What is SaaS The SaaS industry is well The global SaaS market is positioned to overtake the well- Software as a service (SaaS) is a expected to nearly double from $220B in 2020 to $540B by 2025 established IT Services industry by software licensing and
Slide 14: IT companies
IT companies Software Industry Software Services Software Products SaaS INVESTOR PRESENTATION TCS Oracle IRIS Infosys Microsoft Adobe Wipro Intellect Design Salesforce Accenture Zoho IRIS BUSINESS SERVICES LIMITED 13
Slide 15: Source of recurring revenues
Source of recurring revenues SAAS software to help enterprises generate IRISCARBON their compliance submissions to the Charges on a per use basis regulator Assisting filers create their compliance Charges on a per file basis, submissions. This service is utilised by Our Offerings Assisted services u
Slide 16: IRIS Carbon: Our flagship product
IRIS Carbon: Our flagship product Capital Markets Business Registry Other Coming soon Numbers in South Africa US SEC CIPC USA FERC ESG bracket is TAM (6000 firms) (3000 firms) (1 mn firms) (100,000 firms) Europe ESMA UK HMRC CAFR (5000 firms) (1 mn firms) (1 mn filers) INVESTOR PRESENTATION Annual F
Slide 17: IRIS CARBON Users
IRIS CARBON Users “A big thank you to the IRIS CARBON team! It has been a real pleasure collaborating with you on our 2021 ESEF filing. We would definitely recommend IRIS CARBON to groups looking for a skilled and proactive ESEF filing service. France Sound-bytes from ESEF Customer … plus 6000 other
Slide 18: What's going for us
What’s going for us ❖ #1 on quality in independent assessments ❖ Excellent Customer Feedback- testimonials, case studies, video interviews, reviews on independent software review platforms (Gartner Peer Insights and G2) ❖ Demonstrated Product Agility / Flexibility: 1st sign up for ESG iXBRL creation
Slide 19: Growth Strategies
Growth Strategies ❖ Partner Led Growth: we have grown in the past few years through ❖ US - CAFR Reporting (state government), MSRB solid partnerships, as well as direct sales. We will continue this Reporting – over the next 2 years approach in newer markets we enter into. ❖ Knowledge Led Marketing:
Slide 20: Accolades
ACCOLADES ❖ 1st ESG webinar for US audience conducted. Speakers from standard setting bodies- XBRL US and SASB were guest speakers at the event. ❖ 1st customer signed up for ESG iXBRL reporting- Gap Inc. Gap also published the iXBRL Viewer link on their corporate website under ‘Data and Disclosures’
Slide 21: IRIS GST - 360° Solution for GST Compliance
IRIS GST - 360° Solution for GST Compliance Record IRIS E-Invoicing*: To Generate IRN for 1 2 Report IRIS GST Software*: To file your GST your business transactions returns to the government IRIS EWB*: To Generate E-Way Bill from government portal 360° GST Compliance Resolve 4 3 ReconIRIS Recon: To
Slide 22: EInvoicing and Private IRPs
EInvoicing and Private IRPs ▪ NIC is currently the only Invoice Registry Portal (IRP) of the country ▪ In order to increase capacity and bring innovation, 4 Private IRPs have been provided provisional license by GSTN ▪ Private IRPs have to offer basic eInvoice generation services at no cost CURRENT
Slide 23: IRIS GST - Select Customers and Partners
IRIS GST- Select Customers and Partners INVESTOR PRESENTATION IRIS BUSINESS SERVICES LIMITED 22
Slide 24: IRISGST – Awards and Recognitions
IRISGST – Awards and Recognitions IRIS GST, a business IRISGST is the winner An active partner in line of IRIS is an of the Best Tax the GSTN ecosystem authorized GSPs since Technology Solution participating in beta 2017. Provider (Silver) -2021 tests and review INVESTOR PRESENTATION award by TIOL d
Slide 25: IRISiDEAL
IRISiDEAL What Why Who • An XBRL authoring tool which • Enables automation of • Banks & NBFCs in India for enables automated structured reporting framework RBI Mandate data reporting from any organization's central data • Secure in-house XBRL based • Banks in Mauritius for BOM repository reporting s
Slide 26: Select IRISiDEAL Clients
Select IRISiDEAL Clients INVESTOR PRESENTATION Partner network Note: Client and partner logos used only for representation IRIS BUSINESS SERVICES LIMITED 25
Slide 27: IRISiDeal – Well Positioned
IRISiDeal – Well Positioned STRONG TEAM OF CREATED A PRODUCT- DEEP DOMAIN PRODUCTS ALREADY PROFESSIONALS WITH CENTRIC APPROACH KNOWLEDGE ACQUIRED DEMONSTRATED TECHNICAL AND DOMAIN WITH A ONETIME OVER THE YEARS ACCEPTABILITY WITH KNOWLEDGE DEVELOPMENT COST REFERENCEABLE CUSTOMERS • The advantages of
Slide 28: Governance
Governance IRIS BUSINESS SERVICES LIMITED
Slide 29: The Founders
The Founders S SWAMINATHAN K BALACHANDRAN DEEPTA RANGARAJAN CO-FOUNDER AND CEO CO-FOUNDER AND CFO CO-FOUNDER AND COO • M. A. (Economics) from Yale University, USA; B.Sc • MBA from Indian Institute of Management, Bangalore, • MBA from Indian Institute of Management, (Hons) from St Xaviers College, Ko
Slide 30: Independent Directors
Independent Directors Vinod Agarwala, Bhaswar Mukherjee Ashok Venkatramani Haseeb Drabu Independent Director Independent Director Independent Director Independent Director Chairman of the Board Chairman, Audit Committee Chairman, NRC Chairman, Committee on Risk Mr. Agarwala is an Advocate & Solicito
Slide 31: Financial Performance
FINANCIAL Performance Consolidated IRIS BUSINESS SERVICES LIMITED
Slide 32: Highlights
Highlights REVENUES EBITDA EBIT PAT (₹ IN LAKHS) (₹ IN LAKHS) (₹ IN LAKHS) (₹ IN LAKHS) 6,193 5,737 1,160 533 4,871 414 793 269 INVESTOR PRESENTATION 598 101 -18 -189 FY 20 FY 21 FY 22 FY 20 FY 21 FY 22 FY 20 FY 21 FY 22 FY 20 FY 21 FY 22 Note: FY20 and FY21 restated Ind AS numbers IRIS BUSINESS SER
Slide 33: Income Statement
INCOME Statement (₹ IN LAKHS) PARTICULARS FY 22 FY 21# Q4 FY 22 Q3 FY 22 Q4 FY 21# Total Revenue* 6,193 8% 5,737 1,800 1,684 1,744 Total Expenses 5,400 18% 4,577 1,538 1,406 1,492 Employee benefit expenses 3,500 3,142 923 936 843 Other Expenses 1,939 1,493 653 470 656 Less: Capitalised Expenses (39)
Slide 34: Balance Sheet
BALANCE Sheet (₹ IN LAKHS) PARTICULARS FY22 FY21# PARTICULARS FY22 FY21# EQUITY ASSETS (a) Equity share capital 1,922 1,892 (1) Non-current assets (b) Other equity 804 710 (a) Property, plant and equipment 80 29 (c) Non-Controlling Interest 3 2 (b) Right-of-use assets 900 927 TOTAL EQUITY 2,729 2,60
Slide 35: Revenue by Geography
REVENUE By Geography REVENUE MIX BY GEOGRAPHY REVENUE BY GEOGRAPHY (₹ IN LAKHS) (IN %) # # FY22 FY21 FY20 FY22 FY21 # FY20 # India 2,749 2,436 1,966 India 45% 43% 40% Middle East 576 790 1,144 Middle East 9% 14% 24% Asia –Pacific 400 428 403 Asia –Pacific 7% 7% 8% Africa 876 978 820 Africa 4% 17% 17
Slide 36: Revenue Mix - Recurring Revenues Increase
REVENUE MIX - Recurring Revenues Increase ₹ IN LAKHS % TO THE REVENUE REVENUE MIX BY SEGMENT COLLECT CREATE CONSUME 56% 57% 6% 46% 49% 5% 5% 38% 38% Current Order 3,508 2,722 2,789 307 297 308 Book stands at ₹ 2,629 2,311 1,827 67 Cr with an ARR FY 20 FY 21 FY 22 FY 20 FY 21 FY 22 FY 20 FY 21 FY 22
Slide 37: Key Ratios
KEY Ratios EBITDA Margin EBIT Margin Net Profit Margin RONW 9.0% 7.0% 20% 15.9% 13% 4.0% 2.0% 3.7% FY 21 FY 22 FY 21 FY 22 FY 21 FY 22 FY 21 FY 22 Current Ratio Debt Equity Ratio Interest Coverage Ratio Debtors Days INVESTOR PRESENTATION 11.40 97 1.49 0.24 10.64 1.29 0.23 86 FY 21 FY 22 FY 21 FY 22
Slide 38: Thank You
THANK You For further information please contact: IRIS Business Services Limited Ernst & Young LLP / Investor Relations Santoshkumar Sharma Diwakar Pingle Tel: +91-022-67231000 Tel: 022 6192 0000 Email: cs@irisbusiness.com Email: Diwakar.Pingle@in.ey.com
IRIS Business Services — Q4 FY2022 Earnings Presentation on 6ix