Ags Transact Technologies Ltd. · NSE:AGSTRA
Ags Transact Technologies — Q2 FY2023 Earnings Presentation
34 slides from Ags Transact Technologies's earnings presentation, Nov 10, 2022
Slide 1: Regulation 30 intimation letter to stock exchanges
Date: November 10, 2022 To, To, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai – 400001 Mumbai - 400051 BSE Scrip Code: 543451 NSE Scrip Symbol: AGSTRA Sub: Intimation under Regulation
Slide 2: Investor Presentation November 2022
Payment Solutions (Cash & Digital) | Banking Automation Solutions | Other Automation Solutions AGS TRANSACT TECHNOLOGIES LIMITED INVESTOR PRESENTATION NOVEMBER 2022
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by AGS Transact Technologies Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for
Slide 4: Key Highlights of the Quarter
KEY HIGHLIGHTS OF THE QUARTER
Slide 5: Management Commentary
Management Commentary “The performance for this quarter and half-year period was relatively soft owing to changes in our revenue mix. For H1FY23, our Adjusted EBITDA witnessed a 9% increase at Rs. 2,504 million as against Rs. 2,297 million, with a simultaneous rise in margins from 25.5% to 29.5% des
Slide 6: Performance Highlights: Q2FY23
Performance Highlights: Q2FY23 ₹ Mn Total Income Adj EBITDA 28.6% 29.7% 29.4% • In Q2FY23, the total income decreased by 13% on YoY 4,856 1,387 basis 4,272 1,269 1,235 4,206 • In Q2FY23, EBITDA witnessed a reduction of 15% YoY, primarily on account of change in Revenue Mix • EBITDA Margins however h
Slide 7: Consolidated Statement of Profit and Loss
Consolidated Statement of Profit and Loss (In ₹mn) Q2FY23 Q2FY22 YoY Q1FY23 QoQ H1FY23 H1FY22 YoY Revenue from operations 4,136 4,822 4,175 8,311 8,883 Other income 70 34 97 166 110 Total income 4,206 4,856 -13% 4,272 -2% 8,478 8,993 -6% Expenses Cost of raw materials and components consumed 667 422
Slide 8: Adjusted EBITDA and PBT Bridge
Adjusted EBITDA and PBT Bridge (In ₹mn) Q2FY23 Q2FY22 Q1FY23 FY22 Reported EBITDA 1,158 1,367 1,224 4,363 Add: ESOP Expenses 21 20 32 113 Add: Non-recurring items Impairment loss on trade receivables 55 0 0 247 Expenses incurred for IPO 0 0 0 13 Forex Loss due to devaluation of currency of Sri Lanka
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet (In ₹mn) Sep-22 Mar-22 (In ₹mn) Sep-22 Mar-22 Non-current assets Equity and liabilities Property, plant and equipment 5,165 5,425 Equity Right – of – use Asset 2,957 3,210 Equity share capital 1,202 1,202 Capital work-in-progress 371 435 Other equity 4,071 3,616 Goodwill 2
Slide 10: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement (In ₹mn) H1FY23 H1FY22 (A) Cash flow from operating activities Net restated profit/(loss) before tax 512 (125) Adjustments: 1,853 2,379 2,365 2,255 Changes in working capital : Decrease / (increase) in inventories (167) 73 (Increase) / decrease in trade receivables (
Slide 11: Company Overview
COMPANY OVERVIEW
Slide 12: AGS Transact Technologies – Overview
AGS Transact Technologies – Overview Operational and Financial Snapshot (As of Q2FY23) One of the largest integrated omni-channel payment solutions provider in India1 catering to banks & corporate clients2 serving across diverse industries including retail, petroleum, ecommerce and fintech sectors 7
Slide 13: Evolution of AGS Transact Technologies
Evolution of AGS Transact Technologies 2014 – onwards Expanded into payments solutions offering Digital & Cash payment solutions 2009 – onwards Offer ATM outsourcing & managed services, cash management services 2004 – onwards Started providing banking automation solutions in India Continuously 11
Slide 14: Integrated Omni-Channel Payment Solutions Provider (1/2)
Integrated Omni-Channel Payment Solutions Provider (1/2) Preferred partner for cash and digital payment solutions AGS offers end-to-end Cash & Digital Payment solutions across industries supported by inhouse service teams and technology platform Industries Primary Banking Petroleum Retail Transit Fi
Slide 15: Integrated Omni-Channel Payment Solutions Provider (2/2)
Integrated Omni-Channel Payment Solutions Provider (2/2) Preferred partner for cash and digital payment solutions End-to-end cash and digital payment solutions and technology provider with a dominant presence across India (As of Q2 FY23) 1 ATM & CRM Outsourcing / Management 32,690 ATMs, including Ca
Slide 16: End-to-End Provider of Cash Payment Solutions
End-to-End Provider of Cash Payment Solutions Established Leadership Position in the ATM Industry “Only” company in India to provide the full range of services in the ATM managed services market* Managed Services (MSP) Independent Deployment (IAD) 1 2 3 4 5 6 7 8 9 10 Site Procurement, Daily Operati
Slide 17: In-House Cash Management Capabilities
End-to-End Provider of Cash Payment Solutions In-House Cash Management Capabilities SVIL | Second largest cash management company in India, in terms of revenue from cash management and number of ATMs replenished1 AT M Counting, sorting, Dedicated cash vans used ATM replenishment, Complete Cash picku
Slide 18: End-to-end digital payment solutions provider
End-to-end digital payment solutions provider Comprehensive Suite of Merchant Solutions Payment Acceptance Value Added Services (Device-based and Integrated Payments Merchant Application Loans Against Card CUG Prepaid & device-less) Billing Software Solution (IPS) and Portal Receivables Loyalty Fina
Slide 19: End-to-end digital payments platforms
End-to-end digital payments platforms Offering Value Added Services to Monetize POS Network Continue to monetise POS network to cross-sell VAS to merchants Merchant Analytics application Loans Against Cash @ POS Vehicle Card Receivables / Micro-ATM At the Forecourt Insurance In the Sales Office Coup
Slide 20: End-to-end digital payment solutions provider
End-to-end digital payment solutions provider Ability to innovate and offer digital payment solutions Built Omni Channel Payment Platform Capabilities CHANNELS INTERFACES ATMs and Kiosks POS terminals Mastercard, Visa, Immediate Aadhar Enabled Payment gateway American Express, Payment System Payment
Slide 21: Board of Directors and Senior Management Team
Board of Directors and Senior Management Team ◼ One of the Promoters of the Company Ravi B. Goyal (Chairman & ◼ Responsible for the management of the overall operations of our Company and our Subsidiaries Managing Director) ◼ Prior to establishing AGS, founded Advanced Graphic Systems, a proprietary
Slide 22: Way Forward
WAY FORWARD
Slide 23: Fast Growing Digital Payments Industry
Fast Growing Digital Payments Industry Digital Payments growth momentum expected to continue Extraordinary growth in Indian digital payment space in the last few years Digital Payment Industry Number of PoS Terminals Transaction Value* (₹ Bn) Payment Services Market In ‘000 Transaction Volume (Bn) D
Slide 24: Strong Growth in the Cash Payments Industry
Strong Growth in the Cash Payments Industry Despite the growth of cashless transactions, people in India rely heavily on cash transactions in their day-to-day life Cash Payments Industry Cash Transactions account for 89% of all transactions (FY21) Cash in circulation as a % of GDP* Cash withdrawal f
Slide 25: Building Blocks to Implement Future Strategy
Building Blocks to Implement Future Strategy Grow and scale-up Digital Continued focus on Cash Continued focus on ATM & CRM Enhance Integrated Outsourcing Technology Payments Platform & Managed Services Pivot from Payments-as-a-Service to Focus on Cash Management Services Payments-as-a-Convenience t
Slide 26: Historical Financials
AGS HISTORICAL rinanciats / MS
Slide 27: Established track record of delivering robust financial performance
Established track record of delivering robust financial performance as well as continued growth Revenue from operations Breakdown Service Service Revenue Revenue 12.8% 82.8% 12.4% 56.8% 14.0% 15.6% 4.8% 89.8% 47.2% 11.1% 13.5% 8.7% 13.6% FY19 FY22 FY19 FY22 17.2% 15.1% 70.8% 10.2% 76.1% ATM & Manage
Slide 28: Consolidated Statement of Profit and Loss
Consolidated Statement of Profit and Loss (In ₹mn) FY22 FY21 YoY FY20 Revenue from operations 17,719 17,589 18,004 Other income 254 382 331 Total income 17,973 17,972 0.0% 18,335 Expenses COGS 2,280 2,630 2,742 Employee benefit expenses 2,547 2,749 2,750 Other expenses 8,356 7,797 7,838 Adjusted EBI
Slide 29: Consolidated Summary Statement of Assets and Liabilities
Consolidated Summary Statement of Assets and Liabilities (In ₹mn) FY22 FY21 FY20 (In ₹mn) FY22 FY21 FY20 Non-current assets Equity and liabilities Property, plant and equipment 5,425 6,032 5,997 Equity Right – of – use Asset 3,210 3,207 4,054 Equity share capital 1,202 1,186 1,186 Capital work-in-pr
Slide 30: Consolidated Summary Statement of Cash Flows
Consolidated Summary Statement of Cash Flows (In ₹mn) FY22 FY21 FY20 (A) Cash flow from operating activities Net restated profit/(loss) before tax (666) 824 1,195 Adjustments: 5,159 3,687 3,657 4,494 4,511 4,852 Changes in working capital : Decrease / (increase) in inventories 48 (81) 280 (Increase)
Slide 31: Annexure
ANNEXURE
Slide 32: Banking Automation, and Other Automation Solutions - Business Overview
Banking Automation, and Other Automation Solutions - Business Overview Banking Automation Solutions Other Automation Solutions • Cash Dispensers: Enable customers to access their bank accounts to make cash • Cash Billing Terminals: Offers cash billing terminals and solutions to retail withdrawals (o
Slide 33: AGS Transact Technologies - Corporate Structure
AGS Transact Technologies - Corporate Structure Promoters and 65.52% AGS Transact Promoter Group Technologies Ltd. 100% 100% 100% Global Transact Services Pte. Ltd 90% Novus Technologies Pte. Ltd. India Transact Securevalue India Ltd. (Cash and Digital Payment Services Ltd. (Cash Management) Solutio
Slide 34: Thank You
THANK YOU AGS Transact Technologies Limited Strategic Growth Advisors Pvt Ltd. CIN: L72200MH2002PLC138213 CIN: U74140MH2010PTC204285 Ms. Sneha Kadam Shikha Puri / Aakash Mehta Company Secretary & Compliance Officer Email id: shikha.puri@sgapl.net / aakash.mehta@sgapl.net Email id: companysecretary@a
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