Eclerx Services Limited · NSE:ECLERX
Eclerx Services — Q3 FY2022 Earnings Presentation
11 slides from Eclerx Services's earnings presentation, Feb 2, 2022
Slide 1: Financial Performance – Q3FY22
Investor Relations Financial Performance – Q3FY22 February 2nd , 2022
Slide 2: Financial Summary
Financial Summary Metrics FY22 Q3 Q-o-Q YTD FY22 Y-o-Y OPG revenue (USD mm) 73.4 5.8% 207.4 41.5% Revenue OPG revenue (INR mm) 5,592 6.9% 15,687 43.7% Total revenue (INR mm) 5,636 7.4% 15,830 43.1% EBITDA (INR mm) 1,823 9.4% 5,050 56.1% Profit EBIT (INR mm) 1,559 10.2% 4,298 61.3% Net profit (INR mm
Slide 3: Other Income
Other Income Figures in INR millions. Other Income FY22 Q3 FY22 Q2 FY22 Q1 FY21 Q4 FY21 Q3 Investment Income 27.9 34.0 28.8 24.6 47.3 Revaluation Income* 8.2 (24.3) 46.6 4.9 (20.2) Others 8.7 7.8 6.1 7.9 5.8 Total 44.8 17.5 81.4 37.5 32.9 * Gain / Loss regrouped as other income/expenses based on pro
Slide 4: P&L Comparison
P&L Comparison Figures in INR millions. Operating P&L FY22 Q3 OPR (%) FY22 Q2 OPR (%) Operating Revenue $ $73.4 $69.3 Total Revenue 5,636 5,250 Operating Revenue 5,592 5,233 Cost of Revenues Delivery and Support Employees Cost 2,738 49.0% 2,601 49.7% General and Administrative Expenses Facilities (R
Slide 5: Hedge Updates
Hedge Updates Current Hedge Status • Total outstanding hedges now $158.8 mm at average INR 78.44/$; 100% forwards Contract Year Currency Amount (mm) Avg. Rate (INR) FY21 Q4 $27.3 75.2 Total FY21 USD 100.3 74.6 Matured Forwards FY22 Q1 $28.8 76.7 FY22 Q2 $35.1 76.6 FY22 Q3 $49.2 76.5 FY22 Q4 $37.8 77
Slide 6: QoQ EBIT Bridge
QoQ EBIT Bridge Figures in INR millions 121.6 15.4 12.5 47.1 45.7 137.0 Q2 FY22 G&A S&D Operating Revenue & Offshore Onshore Depreciation Q3 FY22 Other Income Employee Cost Employee Cost • G&A – Higher L&P due to increase in recruitment, training, annual lease related true up charges • S&D cost high
Slide 7: Balance Sheet & Other Updates
Balance Sheet & Other Updates • Total Cash and Cash Equivalents of INR 6,248 mm for Q3 FY’22 (post-Buyback) vs INR 8,052 mm for Q2 FY’22 - Equivalent to INR 188.7 per share Q3 FY’22 vs INR 235.5 for Q2 FY’22 - Net operating cash flow in Q3 FY’22 is INR 1,485 mm vs INR 1,404 mm in Q2 FY’22 o EBITDA c
Slide 8: Key Business Metrics
Key Business Metrics Metrics FY22 Q3 FY22 Q2 FY22 Q1 FY21 Q4 FY21 Q3 FY21 Q2 FY21 Q1 FY20 Q4 USD 80% 80% 80% 79% 81% 81% 85% 82% EURO 11% 10% 12% 12% 13% 13% 9% 12% Currency Contribution (%) * GBP 4% 5% 4% 4% 4% 5% 4% 5% Others 5% 5% 4% 5% 2% 1% 2% 1% North America 70% 69% 70% 70% 66% 66% 71% 68% Ge
Slide 9: Revenue Mix Trends ($mm)
Revenue Mix Trends ($mm) $27.5 $28.9 $3.8 $24.4 $24.7 $5.8 $6.4 $23.1 $19.3 $5.1 $5.8 $21.1 $19.3 $18.9 $4.5 30.8% 28.4% 29.4% $14.8 22.8% 0.7% FY21 Q3 FY21 Q4 FY22 Q1 FY22 Q2 FY22 Q3 Emerging ($ 0.5 mm + ) Emerging (others) Strategic (Top 10 %) Strategic client (Top 10) growth is measured at quarte
Slide 10: Human Resources Update
Human Resources Update 14,112 13,572 103 103 787 705 792 Headcount 789 11,484 95 665 673 506 790 609 11,302 11,765 9,484 FY21Q3 FY22Q2 FY22Q3 Offshore Delivery Onshore Delivery Support Services Tech Services BD 41.3% Offshore Voluntary 37.3% Attrition^ 26.2% FY21Q3 FY22Q2 FY22Q3 ^Attrition includes
Slide 11: Thank You
Thank You This presentation may contain forward-looking statements, which involves a various risks and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. The conditions caused by the COVID-19 pandemic could decrease customer’s techno