Iris Regtech Solutions Limited · NSE:IRIS
Iris Regtech Solutions — IRIS Business Services — H1FY24 Earnings Presentation
22 slides from Iris Regtech Solutions's earnings presentation, Nov 9, 2023
Slide 1: Exchange Filing Cover Letter - Earnings Presentation
November 09, 2023 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 Scrip Code: 540735 Symbol: IRIS
Slide 2: H1FY24 Earnings Deck
H1FY24 Earnings Deck 09th November 2023 www.irisbusiness.com
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: About IRIS
About IRIS • Public company, listed on the BSE and NSE stock exchanges • India's only listed SaaS company that provides technology solutions/services in the regulatory technology space across 50+ countries globally • 450+ professionals, including technologists and accountants • Active members of sev
Slide 5: Our Regtech Business
Our Regtech Business COLLECT • TAXONOMY & CONSULTING: • IRIS IFILE: On Prem Taxonomy design Filing platform for regulators and development, Consulting, to help them receive pre training and R&D validated data Collect • CARBON: SAAS Document • IRISGST : SAAS An end-to-end Authoring and Compliance sol
Slide 6: Our Global Footprint
Our Global Footprint 23 Years 50+ Countries 30+ XBRL Projects 450+ Experts 6000+ Clients Millions of Filings Building Transparency. Driving Growth. IRIS BUSINESS SERVICES LIMITED 5
Slide 7: Marquee Clientele
Marquee Clientele Business Registries Central Banks SECs & Stock Exchanges Filers / Others Country SECs & STOCK Exchanges Building Transparency. Driving Growth. IRIS BUSINESS SERVICES LIMITED 6
Slide 8: Collect Segment – Our Offering to Regulators
Collect Segment – Our Offering to Regulators Taxonomy Taxonomy Regulatory Development Editor (Noah) Filing Platform (iFile) Consulting and IRIS’ NOAH helps regulators Electronic disclosure development of a taxonomy manage and modify platform to help regulators is the 1st step in any XBRL taxonomies
Slide 9: 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 South Africa Saudi Arabia Thailand Bhutan South Africa Only Taxonomy Un
Slide 10: Create Segment – Our Offerings
Create Segment – Our Offerings New IRIS CARBON IRIS CARBON Assisted Disclosure Services Management SaaS software to help SAAS software based on Assisting filers create their Office 365 allows enterprises create & generate compliance submissions. their compliance and financial collaborative, efficien
Slide 11: Leadership Team
Leadership Team S. Swaminathan K. Balachandran Deepta Rangarajan P. K. X. Thomas Co-founder And CEO Co-founder And CFO Co-founder Whole-time Director And CTO • M. A. (Economics) from Yale University, USA; B.Sc • MBA from Indian Institute of Management, • MBA from Indian Institute of Management, • Ke
Slide 12: IRIS Independent Directors
IRIS 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 & Soli
Slide 13: Financial Overview
INDIA'S BEST FINTECH FE Bost Bonk Awords recognizes IRIS os ‘the Best Fintech for yeor 2020-2021 COMPLIANCE & ANALYTICS SOLUTIONS FOR FEATURES Prooucts SIMPLIFIED REPORTING EMPOWERED ENTERPRISE Fe HONOURING THE BANKS ‘THAT INDIA CAN BANK ON SERVICES RL Convarsian Services fia FINANCIAL OVERVIEW
Slide 14: Income Statement – September 2023
Income Statement – September 2023 (₹ IN LAKHS) PARTICULARS FY24Q2 FY24Q1 FY23Q2 H1FY24 H1FY23 Total Revenue 2,417 2,073 1,771 4,490 3,446 Employee benefit expenses 1,259 1,195 962 2,454 1,873 Other Expenses 852 623 604 1,475 1,134 EBITDA 306 255 205 561 438 EBITDA Margin (%) 13% 12% 12% 13% 13% Fina
Slide 15: Balance Sheet – As at 30th September 2023
Balance Sheet – As at 30th September 2023 (₹ IN LAKHS) PARTICULARS H1FY24 FY23 PARTICULARS H1FY24 FY23 EQUITY ASSETS (a) Equity share capital 1,936 1,936 (1) Non-current assets (b) Other equity 1,525 1,218 (a) Property, plant and equipment 157 117 (c) Non-Controlling Interest 14 9 (b) Right-of-use a
Slide 16: Financial Highlights
Financial Highlights REVENUES EBITDA PAT (₹ IN LAKHS) (₹ IN LAKHS) (₹ IN LAKHS) 2,417 2,073 1,771 Q U A R T E R LY 37% 306 50% 143% YoY 255 11% YoY YoY 205 137 56 93 17% 20% 47% FY23Q2 FY24Q1 FY24Q2 QoQ FY23Q2 FY24Q1 FY24Q2 QoQ FY23Q2 FY23Q4 FY24Q2 QoQ 6% 12% REVENUES EBITDA PAT (₹ IN LAKHS) (₹ IN L
Slide 17: Key Ratios
Key Ratios EBITDA Margin EBIT Margin PBT Margin Net profit Margin 13% 13% 7% 6% 6% 5% 4% 4% FY23H1 FY24H1 FY23H1 FY24H1 FY23H1 FY24H1 FY23H1 FY24H1 Current ratio Debt Equity ratio Interest Coverage ratio Debtor days 11.16 1.79 0.22 9.06 1.59 84 78 0.19 FY23H1 FY24H1 FY23H1 FY24H1 FY23H1 FY24H1 FY23H
Slide 18: Segment Performance
Segment Performance REVENUE MIX BY SEGMENT ₹ IN LAKHS COLLECT CREATE CONSUME % TO THE REVENUE 1,963 2,091 2,312 1,155 61% 52% 4% 44% 5% 34% 167 185 FY23H1 FY24H1 FY23H1 FY24H1 FY23H1 FY24H1 Segment 18 187 361 309 23 30 Profit / loss 2% 10% 17% 13% 14% 16% Margins (%) 79% 36% 64% 21% RECURRING NON-RE
Slide 19: Awards & Testimonials
INDIA'S BEST Fe FINTECH FE-Bost Bonk Awards rocogn: the Best Fintech for yeor 207 HONOURING THE BANKS ‘THAT INDIA CAN BANK ON COMPLIANCE & ANALYTICS SOLUTIONS FOR SIMPLIFIED REPORTING El MPOWERED ENTERPRISE FEATURES Prooucts SERVICES RL Convarsian Services ~ > ee AWARDS & TESTIMONIALS
Slide 20: IRIS Accolades
IRIS Accolades India’s Best Taxtech India’s Best Fintech India’s Best Taxtech India’s Best MSME Appealie SaaS+ Most Agile SaaS – TIOL(2021) - FE (2022) -TIOL (Jury-2022) Tech –Jagran (2022) Software (2023) Solution (2022) IRP Capterra rated G2 honored IRIS Carbon with the ‘High Gartner rating of IRI
Slide 21: Client Testimonials
Client Testimonials We are very pleased with our experience with IRIS We hade really great experience with IRIS CARBON® who helps us CARBON®, which we utilise for our FERC reporting with XBRL reporting. The solution IRIS CARBON® provides is very needs. We migrated from Workiva in 2022 due to price u
Slide 22: Thank You
Thank You For further information please contact: IRIS Business Services Limited Santosh Kumar Sharma Tel: +91-022-67231000 Email: cs@irisbusiness.com
IRIS Business Services — H1FY24 Earnings Presentation on 6ix