Avenuesai Ltd · NSE:CCAVENUE
Avenuesai — Infibeam Avenues — Q4 FY23 Earnings Presentation
31 slides from Avenuesai's earnings presentation, May 25, 2023
Slide 1: Cover letter to stock exchanges
May 25, 2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Mumbai - 400 001 Bandra (East), Mumbai - 400 051 Company Code No.: 539807 Company Symbol: INFIBEAM Dear Sir / Madam, Sub: Investors Presentation on A
Slide 2: Q4 and FY23 Earnings Presentation
PAYMENTS | PLATFORMS A Global FinTech Company Q4 and FY23 Earnings Presentation 25 May 2023
Slide 3: Disclaimer
Disclaimer This presentation contains certain words and statements concerning Infibeam Avenues Limited (“the Company”) and its prospects, and other statements relating to the Company’s expected financial position, business strategy, the future development of the Company’s operations and the general
Slide 4: Financial Performance and Outlook
FINANCIAL PERFORMANCE AND OUTLOOK First Listed Fintech in India
Slide 5: FY23: Key Business Developments
FY23: Key Business Developments Payments Business 1. Launched one of the world’s most advanced omnichannel payment solution, featuring India’s first pin-on-glass softPoS solution, CCAvenue TAPpay; 150,000 downloads in just 6 months of launch, targeting 1mn by the end of FY24 2. Received in-principle
Slide 6: FY23 Performance At A Glance
FY23 Performance At A Glance Profitable growth and healthy returns 0.9 cr INR 4.5 lac crore 8.2 bps Business Performance + 61% + 52% + 41% No. of merchants TPV 1 Payments Net Take Rate 1,962 180 136 Financial Performance + 52% + 24% + 63% (INR crore) Gross Revenue EBITDA Profit After Tax 2 Balance S
Slide 7: Financial Performance Snapshot – Q4 FY23 and FY23
Financial Performance Snapshot – Q4 FY23 and FY23 Growth across all key parameters Q4 and FY23 Standalone Q4 and FY23 Consolidated India Payments + Software Platforms including GeM, Jio, STC, etc. Standalone + International Payments + Go Payments + Majority owned subsidiaries + Other associates Part
Slide 8: Company's Gross Revenue Segmentation
Company’s Gross Revenue Segmentation Consolidated Gross Revenue FY22 FY23 YoY (%) in INR crore (% contribution) Payments Gross Revenue 1,134 (88%) 1,793 (91%) 58% CCAvenue 1 (PA license) 1,047 (81%) 1,684 (86%) 61% BillAvenue (BBPOU license) 17 (1%) 22 (1%) 32% Go Payments 69 (5%) 87 (4%) 26% Platfo
Slide 9: Company's Revenue Model
Company’s Revenue Model Growth focused revenue model (Mix of transaction-based and annuity) Total Transaction Processing Value (INR lac crore) * Net Take Rate-NTR (Net earnings per transaction in bps) Payments TPV + GeM TPV Payments business 28 69 88 140 293 445 Annual Quarterly 9.0 201 Payments TPV
Slide 10: Generating Higher Shareholder Value
Generating Higher Shareholder Value Improving ROE and ROCE Cash Flows (INR crore) FCF conversion 4 and Capex 310 71% 65% 210 103 117 63 16% 19% 42 FY22 FY23 FY22 FY23 Capex Free Cash Flow Cash FCF conversion ratio Capex % of Net Revenue Return on Equity % Return on Capital Employed % 10.1% 7.1% 7.4%
Slide 11: Short-Medium Term Key Focus Areas
Short-Medium Term Key Focus Areas Well-poised for growth ↗ increase the ‘net take rate’ in the Payments business to double digits ↗ increase ‘offline’ presence through CCAvenue TapPay (1mn merchants by FY24 end) ↗ undertake ‘International’ expansion (Saudi Arabia, Australia, USA) 1 includes TPV from
Slide 12: The Digital Ecosystem is Expanding
The Digital Ecosystem is Expanding … … and the total addressable market continues to grow New Flows Will Lead To Increasing TAM New acceptance eCommerce eCommerce share share New acceptance form form factors factors of spending to to rise P2P and of spending rise P2P and B2CB2C New platforms to reac
Slide 13: India's Digital Payments Market to Become $3tn by FY28
India’s Digital Payments Market to Become $3tn by FY28 (Online + Offline) Continued uptake in FY23 even post-Covid, suggesting growth to continue Digital Payments1 Industry Size & Growth – India in INR lakh crore (or INR trillion) Projected FY28 P2M Industry Size (@25% 5yr CAGR) ~INR 225 lac cr (app
Slide 14: Company Overview
COMPANY OVERVIEW First Listed Fintech in India
Slide 15: Infibeam Avenues Limited
Infibeam Avenues Limited A powerful combination of payment infrastructure and ecommerce software platforms (refer slide 26 for corporate video) Strategic And Competitive Advantages Invested across entire Payment Aggregator license 3 + Omnichannel 2 offerings payments ecosystem (digital payments + so
Slide 16: Leading the industry with many firsts
Infibeam Avenues Leading the industry with many firsts - In 2001, launched India’s first online retail payment gateway, CCAvenue - In 2002, was the first to offer Net Banking as a payment option - In 2003, was the first to offer Invoice Payments - In 2004, was the first to go live with Verified by V
Slide 17: Company Overview: Payments Business
91% Gross Revenue contribution COMPANY OVERVIEW Payments Business First Listed Fintech in India
Slide 18: CCAvenue Online Payment Solution
CCAvenue Online Payment Solution India’s first online retail payment aggregator CCAvenue Strengths • Payment Aggregator license from RBI • India’s first online retail payment aggregator (22+ years) with many industry first launches • Payment infrastructure for top banks (HDFC, ICICI, Axis, Kotak, JP
Slide 19: CCAvenue Omnichannel Payment Solution
CCAvenue Omnichannel Payment Solution 150,000+ downloads in 6m of FY23 Among the worlds most advanced, featuring India’s first pin-on-glass softPoS solution FY24 target – 1 million • Payments on-the-go; anytime anywhere • No/Low Cost Android-based mobile app • Aligned with RBI’s Payment Vision 2025
Slide 20: FY23 CCAvenue Payments Business Highlights
FY23 CCAvenue (India + Intl.) Payments Business Highlights Payment business on a strong footing CCAvenue India CCAvenue Payments TPV (India + Intl.) (INR crore) FY23 est. TPV market share 153% 2,16,020 of ‘Online Payments’ growth in merchant 1,66,920 CC – 9% | DC – 7% | NB – 3% additions 95,181 CCAv
Slide 21: International Expansion Plans For Becoming A Global Fintech Player
International Expansion Plans For Becoming A Global Fintech Player Country-in-a-box strategy Targeting 12-15% international contribution to Payment’s Net Revenue by FY28 Other Geographies South East Asia USA & USA Australia GCC Australia: To be UAE, Saudi & Oman operational in 2H FY24 To be launched
Slide 22: BillAvenue (Bill Payments through BBPS)
BillAvenue (Bill Payments thru Bharat BillPay System / BBPS) Bill payments platform to cater to the large untapped utility and recurring payments segment across India ➢ Built on the BBPS1 infrastructure, BillAvenue is a unified, BillAvenue Business Performance interoperable, online payments platform
Slide 23: Go Payments (majority owned subsidiary)
Go Payments (majority owned subsidiary) Empowering unbanked to access digital financial services ➢ ‘Instant Global Paytech Pvt. Ltd.’, operating through the brand ‘Go Payments’ to provide assisted commerce services MONEY TRANSFER RECHARGE TRAVEL INSURANCE ➢ Launched payment issuance infrastructure f
Slide 24: Company Overview: Platforms Business
9% Gross Revenue contribution COMPANY OVERVIEW Platforms Business First Listed Fintech in India
Slide 25: Enterprise Software Platforms and Infrastructure
Enterprise Software Platforms and Infrastructure An e-commerce marketplace platform/infrastructure built for large scale implementation Business Overview GeM Transaction Processing Value (INR Crore) ➢ A cloud-based, E2E SaaS platform allowing corporates to do large scale online business, manage the
Slide 26: Annexure
ANNEXURE First Listed Fintech in India
Slide 27: About Infibeam Avenues
About Infibeam Avenues Click to watch video A Payment Infrastructure and eCommerce Software Platforms Company 26
Slide 28: The Fintech Universe and Business Models
The Fintech Universe and Business Models Company targets ‘merchants and banks’ for scalable and sustainable growth CUSTOMER SEGMENTATION Slide 12 Slide 13 Company is focused on low-cost, stable, scalable and sustainable business from Merchants and Banks 27
Slide 29: Few Marquee Clients
Few Marquee Clients Marquee clients across industries INDIA UAE GCC c c c c Podar Education c c c c c India 9.2 million total merchants; approx. 9500 merchants added everyday in FY23 28
Slide 30: Revenue and Cost Drivers
Revenue and Cost Drivers Building a scalable business model Payment Gateway Bill Payments GeM platform eComm. platform Businesses • CCAvenue (India + Intl.) • BillAvenue • Marketplace for Enterprise • Marketplace for Enterprise • CCAvenue TAPPay (SoftPoS) • ResAvenue • B2Biz • CPGS (Payment Infra fo
Slide 31: Thank You
PAYMENTS | PLATFORMS Thank You Investor Relations Purvesh Parekh purvesh.parekh@ia.ooo +91 9930554588 To know more, visit us at: www.ia.ooo | www.ccavenue.com