Black Box Limited · NSE:BBOX
Black Box — Q2 FY24 Earnings Presentation
19 slides from Black Box's earnings presentation, Nov 10, 2023
Slide 1: Submission of Investor Presentation to stock exchanges
Telephone: +91 22 6661 7272 | Email: info.india@blackbox.com BBOX/SD/SE/2023/86 November 10, 2023 Corporate Relationship Department Corporate Relationship Department Bombay Stock Exchange Limited National Stock Exchange Limited P.J. Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Fort, M
Slide 2: Black Box Limited Results Presentation November 2023
Black Box Limited Results Presentation November 2023
Slide 3: Safe Harbour
SAFE HARBOUR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Black Box Limited (Formerly AGC Networks Limited), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe fo
Slide 4: Q2 & H1 FY24 Financial Highlights
Q2 & H1 FY24 FINANCIAL HIGHLIGHTS NAME ONE BRAND LANGUAGE 3
Slide 5: Financial Highlights
FINANCIAL HIGHLIGHTS In Rs. Crores Revenues: 1,562 1,571 1,574 3,146 ▪ Revenues for Q2FY24 remained flat on both YoY and QoQ 2,934 basis. For H1FY24 revenues grew by 7.2% YoY ▪ The order book continues to remain strong reflected in REVENUE new order wins. However, few delays at customer sites have l
Slide 6: Management Commentary
MANAGEMENT COMMENTARY Commenting on the results and performance Mr. Sanjeev Verma, Whole-time Director, Black Box said, “We are extremely pleased with our performance for Q2 and H1FY24. We have reported strong improvement in EBITDA margins and overall profitability owing to cost rationalization prog
Slide 7: Deal Wins of $80 Million+ During the Quarter
DEAL WINS OF $80 MILLION+ DURING THE QUARTER Transaction Clients Value Data Center and In-Building 5G/OnGo solutions for an American social media and social Projects Order backlog for North America $47.8 Mn networking service (US $ mn) Digital Workplace, Audio Video, and On Demand solutions for a ma
Slide 8: Q2 & H1 FY24 – Consolidated P&L
Q2 & H1 FY24 – CONSOLIDATED P&L Particulars (Rs. Crs.) Q2FY24 Q2FY23 YoY Q1FY24 QoQ H1FY24 H1FY23 YoY Revenue from Operations 1,574 1,562 1% 1,571 0% 3,146 2,934 7% Gross Profit 437 366 19% 417 5% 854 746 14% Gross Profit Margin 27.7% 23.4% 26.5% 27.1% 25.4% Gain on foreign currency transaction (net
Slide 9: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Particulars (Rs in Crs) Sep-23 Mar-23 Particulars (Rs in Cr) Sep-23 Mar-23 Non-Current Assets EQUITY AND LIABILITIES Equity Property, Plant And Equipment 115 161 Equity Share Capital 34 34 Right Of Use Asset 269 259 Other Equity 318 262 Goodwill 334 316 Total Equity 351 29
Slide 10: Consolidated Cash Flow Statement
CONSOLIDATED CASH FLOW STATEMENT Particulars (Rs in Cr) H1 FY24 H1 FY23 Operating profit before working capital changes 172 101 Changes in working capital (123) (251) Cash generated from operations 50 (150) Direct taxes paid (net of refund) (3) 21 Net Cash from Operating Activities (A) 47 (129) Net
Slide 11: Well Diversified Global Business Model – H1FY24
WELL DIVERSIFIED GLOBAL BUSINESS MODEL – H1FY24 Revenue by Geography Revenue by Industry India, 6% 1% 1% Financial Services 2% Europe, 9% 3% 5% Technology 3% Healthcare MEA, 3% 21% 3% Business Services Distributors APAC, 5% 5% Manufacturing Latin America, Retail 6% 1% Government 20% Transport North
Slide 12: Medium Term Targets
MEDIUM TERM TARGETS NAME ONE BRAND LANGUAGE 11
Slide 13: Medium-Term Targets
MEDIUM-TERM TARGETS Growth Drivers FY20 FY23 FY24 All figures in Rs. Crores REVENUE 4,994 6,288 7,000 to 7,500 ✓ Increasing existing customers & market penetration + Addition of new clients Normalised ✓ Inorganic growth opportunities 328 269 400 to 450 EBITDA ✓ Optimize operational efficiencies ✓ Op
Slide 14: Roadway to Margin Expansion
ROADWAY TO MARGIN EXPANSION Customer operations and shared services utilising our centre of excellence in Bangalore Better Rookie mix Better procurement and sub-contractor management Our Margin Expansion Strategy Right shore to ensure cost optimization Facility Optimization and ERP Consolidation Rep
Slide 15: Historical Financial Highlights
HISTORICAL FINANCIAL HIGHLIGHTS NAME ONE BRAND LANGUAGE 14
Slide 16: Consolidated Profit and Loss Statement
CONSOLIDATED PROFIT AND LOSS STATEMENT Particulars (Rs. Crs. ) FY18 FY19 FY20* FY21 FY22 FY23 Revenue from Operations 733 1,853 4,994 4,674 5,370 6,288 Gross Profit 204 496 1,521 1,497 1,549 1,640 Gross Profit Margin 27.8% 26.8% 30.4% 32.0% 28.9% 26.1% Gain on foreign currency transaction (net) 0 0
Slide 17: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Particulars (Rs in Cr) Mar-18 Mar-19 Mar-20* Mar-21 Mar-22 Mar-23 Particulars (Rs in Cr) Mar-18 Mar-19 Mar-20* Mar-21 Mar-22 Mar-23 Non-Current Assets EQUITY AND LIABILITIES Equity Property, Plant And 23 156 164 164 190 161 Equity Share Capital 28 30 30 33 33 34 Equipment
Slide 18: Summary of Consolidated Cash Flows
SUMMARY OF CONSOLIDATED CASH FLOWS Particulars (Rs in Cr) Mar-18 Mar-19 Mar-20** Mar-21 Mar-22 Mar-23 Operating profit before working capital changes 24 (33) 346 329 224 294 Changes in working capital 18 (13) 817 35 (108) (275) Cash generated from operations 42 (46) 1,163 364 117 18 Direct taxes pai
Slide 19: Contact Us
CONTACT US Company : Investor Relations Advisors : Black Box Limited Strategic Growth Advisors Private Limited CIN: L32200MH1986PLC040652 CIN: U74140MH2010PTC204285 Deepak Bansal Rahul Agarwal / Karan Thakker deepak.bansal@blackbox.com rahul.agarwal@sgapl.net / karan.Thakker@sgapl.net +91 982143 886