Iris Regtech Solutions Limited · NSE:IRIS
Iris Regtech Solutions — IRIS Business Services — FY2021 Earnings Presentation
28 slides from Iris Regtech Solutions's earnings presentation, May 24, 2021
Slide 1: Stock exchange cover letter for investor presentation
IRIS Business Services Limited 24th May, 2021 To, BSE Limited Corporate Relationship Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Scrip Code: 540735 Sub: Investor Presentation Dear Sirs, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements Regulat
Slide 2: Investor Presentation 24th May 2021
INVESTOR Presentation 2 4 th M AY 2 0 2 1 IRIS BUSINESS SERVICES LIMITED Compliance, ● Data ● Analytics
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: Inside This Presentation
INSIDE THIS Presentation 04-08 ABOUT IRIS 09-11 GOVERNANCE 12-20 FINANCIAL PERFORMANCE 21-22 WAY AHEAD IRIS BUSINESS SERVICES LIMITED 23-26 INVESTMENT RATIONALE INVESTOR PRESENTATION IRIS BUSINESS SERVICES LIMITED 3
Slide 5: About IRIS
ABOUT IRIS ABOUT IRIS CORPORATE JOURNEY IRIS BUSINESS SERVICES LIMITED PRODUCT PORTFOLIO MARQUEE CLIENTS
Slide 6: About Us: We are a Global Regtech Firm
ABOUT US We are a Global Regtech Firm A global XBRL software, services and solutions provider with offerings across the information supply chain, and working across data standards COLLECT Over eighteen years of proven expertise in the financial information Software platform for management space regu
Slide 7: Corporate Journey
ABOUT US CORPORATE Journey 2005 2007 2009 2011 2013 2015 2017 2019 Edgar Online contracts CFDS built on iFile for Pilot iFile Deloitte awards iXBRL iFile live at Saudi iFile goes live at MCI Vice President of India IRIS selected as part of a IRIS to convert historical BSE / NSE , SEBI implementation
Slide 8: Product Portfolio
ABOUT US PRODUCT Portfolio • TAXONOMY & • IRIS IFILE : On Prem Filing COLLECT CONSULTING: platform for regulators to Taxonomy design help them receive pre and development, validated data in XBRL Taxonomy testing and review, Training, R&D • CARBON : SAAS Document • IRISGST : SAAS An end- CREATE Autho
Slide 9: Marquee Clientele
ABOUT US MARQUEE Clientele BUSINESS REGISTRIES CENTRAL BANKS SECs & STOCK EXCHANGES FILERS / OTHERS INVESTOR PRESENTATION IRIS BUSINESS SERVICES LIMITED 8
Slide 10: Governance: The Board of Directors
Governance The Board of Directors IRIS BUSINESS SERVICES LIMITED
Slide 11: The Founders
Governance The Founders S SWAMINATHAN K BALACHANDRAN DEEPTA RANGARAJAN CO-FOUNDER AND CEO CO-FOUNDER AND CFO CO-FOUNDER AND COO • M. A. (Economics) from Yale University, USA; B.Sc (Hons) from St • MBA from Indian Institute of Management, Bangalore, B. Tech • MBA from Indian Institute of Management,
Slide 12: Independent Directors
Governance Independent Directors Vinod Agarwala, Independent Bhaswar Mukherjee Independent Ashok Venkatramani Haseeb Drabu Independent Director Director Independent Director Director Chairman of the Board Chairman, Audit Committee Chairman, NRC Chairman, Committee on Risk Mr. Agarwala is an Advocate
Slide 13: Financial Performance
FINANCIAL Performance Consolidated IMPACT OF PANDEMIC P&L PERFORMANCE IRIS BUSINESS SERVICES LIMITED LATEST INCOME STATEMENT BALANCE SHEET FINANCIAL HIGHLIGHTS REVENUE MIX
Slide 14: Impact of the Pandemic
FINANCIAL PERFORMANCE IMPACT of the pandemic B U S I N E S S Corporate Consume Most regulators Travel ban has No impact Loss of colleagues Collect Create have slowed on prevented in to the virus ongoing person meetings Strengthened implementations EU mandate marketing team to and new initiatives pos
Slide 15: P&L Performance
FINANCIAL PERFORMANCE P&L Performance REVENUES EBITDA EBIT PAT (₹ IN LAKHS) (₹ IN LAKHS) (₹ IN LAKHS) (₹ IN LAKHS) 5,659 5,157 1,012 826 4,096 388 3,559 209 272 90 46 2,757 33 INVESTOR PRESENTATION -359 -376 -498 -516 -610 -960 -1,060 FY 17 FY 18 FY 19 FY 20 FY 21 FY 17 FY 18 FY 19 FY 20 FY 21 FY 17
Slide 16: Income Statement
FINANCIAL PERFORMANCE INCOME Statement (₹ IN LAKHS) PARTICULARS FY 21 FY 20 H2 FY 21 H1 FY 21 H2 FY 20 Total Revenue* 5,659 5,157 3,370 2,289 2,922 Total Expenses 4,706 4,364 2,622 2,084 2,424 Employee benefit expenses 3,170 2,869 1,667 1,503 1,542 Other Expenses 1,535 1,496 962 580 882 Less: Capita
Slide 17: Balance Sheet
FINANCIAL PERFORMANCE BALANCE Sheet (₹ IN LAKHS) PARTICULAR S FY21 FY20 PARTICULAR S FY 21 FY 20 EQUITY AND LIABILITIES ASSETS 1. Shareholders’ funds 1. Non-Current Assets (A) Share capital 1,892 1,888 (A) Property, Plant and Equipment (B) Reserves and surplus 854 575 (i) Tangible assets 956 962 Min
Slide 18: Financial Highlights
FINANCIAL PERFORMANCE FINANCIAL Highlights (₹ IN LAKHS) INCOME STATEMENT HIGHLIGHTS 29 • Revenue growth of 10% YoY from ₹ 5,157 lakhs in FY 20 to ₹ 5,659 lakhs in FY 21 297 • Total expenses growth contained at 8% YoY from ₹ 4,364 lakhs in FY 20 to ₹ 4,706 lakhs driven 58 by an increase in employee e
Slide 19: Key Ratios - Improvement All Around
FINANCIAL PERFORMANCE KEY Ratios- Improvement All Around EBITDA Margin EBIT Margin Net Profit Margin RONW 18% 6.9% 4.8% 10.4% 4.1% 16% 0.9% 1.9% FY 20 FY 21 FY 20 FY 21 FY 20 FY 21 FY 20 FY 21 Current Ratio Debt Equity Ratio Interest Coverage Ratio Debtors Days 1.38 0.45 INVESTOR PRESENTATION 7.75 1
Slide 20: Revenue Mix - Recurring Revenues Increase
FINANCIAL PERFORMANCE REVENUE Mix- Recurring Revenues Increase REVENUE MIX BY SEGMENT REVENUE MIX BY SEGMENT (₹ IN LAKHS) (IN %) FY20-2 1 FY19-2 0 FY18-1 9 FY17-1 8 FY20-2 1 FY19-2 0 FY18-1 9 FY17-1 8 Collect 2,394 2,930 2,058 2,191 Collect 43% 57% 52% 63% Create 2,939 1,862 1,684 1,081 Create 52% 3
Slide 21: Revenue by Geography
FINANCIAL PERFORMANCE REVENUE By Geography REVENUE MIX BY GEOGRAPHY REVENUE BY GEOGRAPHY (₹ IN LAKHS) (IN %) FY20-2 1 FY19-2 0 FY18-1 9 FY17-1 8 FY20-2 1 FY19-2 0 FY18-1 9 FY17-1 8 India 2,227 2,088 1,350 1,144 India 40% 41% 34% 33% Middle East 766 1,240 1,008 646 Middle East 14% 24% 25% 18% Asia –P
Slide 22: Way Ahead
WAY Ahead STRATEGIC FOCUS- GO TO MARKET PLAN IRIS BUSINESS SERVICES LIMITED
Slide 23: Strategic Focus - Go to Market Plan
FINANCIAL PERFORMANCE STRATEGIC Focus- Go to market plan CLIENT PROFILE MARKET CHARACTERISTICS SALES/MARKETING STRATEGY iFile Stock exchanges, Business registries, Central Primarily RFP-driven, long lead sales cycle Bid as part • Leverage strong credentials and existing implementations Banks, Securi
Slide 24: Investment Rationale
INVESTMENT Rationale MARKET OPPORTUNITY COMPETITIVE ADVANTAGE IRIS BUSINESS SERVICES LIMITED INVESTMENT HIGHLIGHTS
Slide 25: Market Opportunity
INVESTMENT RATIONALE MARKET Opportunity GLOBAL REGTECH MARKET SIZE KEY MARKET DRIVERS (USD BN) 16 CAGR 25% UNIFICATION BOARD REPORTING COST ADVANTAGE REPORT-FORMAT PANDEMIC RELEVANCE 6 AGNOSTIC Globally companies Increasing emphasis on Increasing cost of In a world where social INVESTOR PRESENTATION
Slide 26: IRIS - Competitive Advantage
INVESTMENT RATIONALE IRIS – Competitive Advantage CORE COMPETENCE STRONG TEAM OF CREATED A PRODUCT-CENTRIC DEEP DOMAIN KNOWLEDGE PRODUCTS ALREADY PROFESSIONALS WITH APPROACH WITH A ONETIME ACQUIRED OVER THE YEARS DEMONSTRATED ACCEPTABILITY TECHNICAL AND DOMAIN DEVELOPMENT COST WITH REFERENCEABLE KNO
Slide 27: Investment Highlights
INVESTMENT RATIONALE INVESTMENT Highlights MARKET PRODUCT BUSINESS MODEL Right place at the right Time: Well Already demonstrated products with a Sustainable Competitive advantage positioned in a high growth market marquee global client base with Product centric annuity-based business model INVESTOR
Slide 28: Thank You
THANK You For further information please contact: IRIS Business Services Limited Christensen Investor Relations Jay Mistry Diwakar Pingle / Mayura Bhusari Tel: +91-022-67231000 Tel: 022 4215 0210 Email: cs@irisbusiness.com Email: dpingle@christensenir.com / mbhusari@christensenir.com
IRIS Business Services — FY2021 Earnings Presentation on 6ix