Veranda Learning Solutions Ltd. · NSE:VERANDA
Veranda Learning Solutions — Q4 FY24 Earnings Presentation
30 slides from Veranda Learning Solutions's earnings presentation, May 29, 2024
Slide 1: Cover letter to stock exchanges
Veranda Learning Solutions Limited 28th May 2024 BSE Limited National Stock Exchange of India Limited Dept of Corporate The Listing Services, Phiroze Department, Jeejeebhoy Towers, Dalal Exchange Plaza, Street, Fort, Bandra Kurla Complex, Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 543514 Symbol:
Slide 2: Press Release: Strong Q4 & FY24 Financial Performance
Press Release Veranda Learning Solutions Reports Strong Q4 & FY24 Financial Performance; Turns EBITDA Positive in FY24 “Veranda Learning announces Stellar Top-line performance, Surpassing Rs. 360 Crore milestone with 124% YoY growth in FY24” Chennai, 28 May 2024: Veranda Learning Solutions Limited,
Slide 3: Key Consolidated Financial Highlights
Key Consolidated Financial Highlights: ▪ Total Operating Revenue stood at Rs. 102.61 crores in Q4FY24 compared to Rs. 48.41 crores in Q4FY23 a growth of 111.98% YoY; Total Operating Revenue for FY24 stood at Rs. 361.73 crores compared to Rs. 161.36 crores in FY23 witnessing a growth of 124.18% YoY.
Slide 4: Successful Fund Raise of Rs. 425 crores
Successful Fund Raise of Rs. 425 crores Veranda Learning has obtained debt financing of Rs 425 crore via senior, secured, redeemable, unlisted, and unrated non-convertible debentures from BPEA Investment Managers Private Limited (BPEA Credit). These funds are raised through one or more series and/or
Slide 5: Veranda Learning Solutions
Veranda Learning Solutions Affordability | High-quality Content | Outcome-oriented Approach Investor Presentation | May 2024
Slide 6: Safe Harbor
Safe Harbor • This presentation and the following discussion may contain “forward looking statements” by Veranda Learning Solutions Limited (“Veranda Learning” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results
Slide 7: Agenda
Agenda 01 Result Highlights 02 Company Overview 03 Growth Strategy 04 Industry Overview 05 Financials
Slide 8: Q4 & FY24 Performance
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Slide 9: Marching Towards Growth
MARCHING TOWARDS GROWTH Achieved Positive EBITDA in FY24 FY24 Performance Highlights Total Revenue EBITDA Growth (Rs. in Cr) + 85.08% Total Revenue for FY24 stood at Rs. YoY 370.02 crores compared to Rs. 199.92 crores in FY23 62.29 EBITDA Positive Reported positive EBITDA of Rs. 62.29 crores against
Slide 10: From the Chairman's Desk
From the Chairman’s Desk Commenting on the results, Mr. Kalpathi. S. Suresh, Executive Director and Chairman, Veranda Learning Solutions, said “It is with great pride that I address you today to celebrate a milestone year for our company. In FY24, we have not only seen our operating revenues double
Slide 11: Consolidated P&L Highlights
Consolidated P&L Highlights Particulars (Rs. Cr) Q4FY24 Q4FY23 Y-o-Y Q3FY24 Q-o-Q FY24 FY23 Y-o-Y Revenue from Operations 102.61 48.41 111.98% 91.84 11.73% 361.73 161.36 124.18% Other Income 1.30 0.39 3.51 8.29 38.56 Total Revenue 103.91 48.80 112.93% 95.36 8.97% 370.02 199.92 85.08% Gross Profit# 6
Slide 12: Veranda Company Overview
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Slide 13: Veranda Learning – A Quick Glance
Veranda Learning – A Quick Glance Veranda Learning Solutions is engaged in the business of offering diversified and integrated learning solutions in online, offline hybrid and offline blended formats to students, aspirants, and graduates professionals and corporate employees Promoters have a collect
Slide 14: Our Journey so far
Our Journey so far ACQUISITIONS IN J. K. SHAH CLASSES VERANDA XL INCORPRATION AND LAUNCH OF ELCs LEARNING SOLUTIONS LAUNCHES & ACQUISITIONS • March ’24: Acquired • May’22: Launched Incorporated in November 2018 • July’21: Launched CA course Tapasya Educational offered by Veranda CA Edureka Learning
Slide 15: Our Segment wise Brand Portfolio
Our Segment wise Brand Portfolio Academic Vocational Test Prep 11
Slide 16: Brands Under Our Portfolio
Brands Under Our Portfolio Segment Brands Segment Details Courses Offered Modes of Delivery • Online MBA • M.Tech GI • Online B.Com • M.Tech CSE This segment provides • B.Com and • M.Tech DS academic education from K- Online CA • PhD - working • Online MCA professionals • Online /Offline ACADEMIC 12
Slide 17: Established a result oriented unique 360o Approach
Established a result oriented unique 360o Approach Weekly lectures by Textbooks for all courses subject matter experts for in-depth structural & with Q&A methodical learning Mentors assigned to Chapter and paper level every student to track mock tests for practice and ensure progress Right blend of
Slide 18: Veranda Learning – Coaching centres across India
Veranda Learning – Coaching centres across India 200+ Centre Diversified Footprint across India s (across all courses) Wide Building presence across India Presence Strong Hold Established strong offline presence in Southern and Western India Across India 14
Slide 19: Proficient Team to drive the business
Proficient Team to drive the business More than a decade of experience in the Education industry Founded SSI in 1991, providing software education and IT training; key milestones include listing on NSE and BSE, formed a JV with NASDAQ, acquired Albion Orion Company LLC and acquired controlling s
Slide 20: Veranda Learning – Key Team Members (1/2)
Veranda Learning – Key Team Members (1/2) Praveen Kumar Saradha Govindarajan Pravin Menon President, Corporate Strategy Chief Financial Officer Chief Marketing Officer 25+ years of experience in cross border 11+ years of experience in the areas of acquisitions & pre-acquisition process in M&A
Slide 21: Veranda Learning – Key Team Members (2/2)
Veranda Learning – Key Team Members (2/2) Santhoshkumar P Bharat Seeman Aditya Malik CEO, Veranda Race CEO, Veranda IAS CEO – Veranda Higher Ed Ex-founder, Veranda Race 7+ years of experience in operations MBA with a work experience of 28 years & 10+ years of experience in business management
Slide 22: Veranda Growth Strategy
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Slide 23: Veranda Learning – Growth Strategy
Veranda Learning – Growth Strategy TRACK RECORD 6,93,874 Attuned to the evolving demands of learners and job market, constantly New Courses diversify range of courses and Offering Proactive approach to identify emerging disciplines and skills, and design IN-ORGANIC STRATEGIES’ courses to meet ne
Slide 24: Industry Growth Drivers
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Slide 25: Geographical Segmentation - Global
Geographical Segmentation - Global Market Size Market Size Growth Rate Region (2021) (2027) CAGR (2021-27) Asia Pacific Countries (APAC) $107.63 BN $277.39 BN 17.09% North America $52.62 BN $109.27 BN 12.95% Europe $39.62 BN $92.26 BN 15.13% Latin America $29.68 BN $72.95 BN 16.17% Middle East & Afr
Slide 26: Indian Ed-tech Sector – Market Size
Indian Ed-tech Sector – Market Size 90 Edtech Market in India 2021–2027 ($ billion) 30 .00% 80 25 .00% 70 60 20 .00% Growth Rate 50 15 .00% 19.17% 40 CAGR 30 10 .00% (2021-2027) 20 5.0 0% 10 0 0.0 0% 2021 2022 2023 2024 2025 2026 2027 Revenue 27.41 30.48 35.23 41.98 51.25 63.25 78.5 Growth Rate 11.2
Slide 27: Indian Sector – Boom for Upskilling & Reskilling Courses
Indian Sector – Boom for Upskilling & Reskilling Courses Upskilling and Reskilling – A budding requirement A McKinsey global survey in February 2020 found that 9 in 10 executives and managers are either already facing skills gaps in their organizations or expect gaps to develop within the next 5 yea
Slide 28: Financial Performance
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Slide 29: Financial Highlights
Financial Highlights Total Revenue (Rs. Cr) EBITDA (Rs. Cr) Revenue Break-up (FY24) 370.02 62.29 31% 199.92 69% 75.60 -39.05 -33.67 Online % Offline % FY22 FY23 FY24 FY22 FY23 FY24 Enrolments – B2C 158,407 91,667 56,819 FY22 FY23 FY24 25
Slide 30: Let's Connect
Veranda Learning Solutions Let’s Connect Ernst & Young, LLP Mr. Abhishek Bhatt Mr Vivek Raghuram, Investor Relations abhishek.bhatt3@in.ey.com vivek.r@verandalearning.com Ms. Mahalakshmi Venkatachalam mahalakshmi.venkatachalam@in.ey.com Veranda Learning Solutions Ltd, G.R. Complex, First Floor, No.
Veranda Learning Solutions — Q4 FY24 Earnings Presentation on 6ix