Info Edge India Ltd. · NSE:NAUKRI
Info Edge India — Investor Presentation (August 2022)
67 slides from Info Edge India's investor presentation, August 2022
Slide 1: Info Edge (India) Limited
Info Edge (India) Limited India’s internet classifieds company Aug , 2022 1
Slide 2: Disclaimer
Disclaimer By attending the meeting/telephonic call where this presentation is made, you agree to be bound by the trailing restrictions regarding the information disclosed in this presentation. This presentation has been prepared by Info Edge (India) Limited (the “Company”) solely for information pu
Slide 3: Index
Index About Info Edge 4 Financials 6 Governance at Info Edge 15 - Naukri 19 - Shiksha 30 - 99 Acres 35 - Jeevansathi 48 Investments 53 Data Security at IEIL 57 People Development 58 Contribution to Environment 59 Corporate Social Responsibility 60 Team 62 Brokerages that cover us 65 3
Slide 4: Info Edge – Leading Online Classified Businesses in India
Info Edge – Leading Online Classified Businesses in India Online Recruitment Search engine Online Real Estate Search Portal Online Match making ( Matrimony) Portal Online Education Classified Portal 4
Slide 5: Financial Investments in Technology-based Startups
Financial Investments in Technology-based Startups Investments in Listed Entities. Online restaurant search engine and Online insurance policies marketplace. food delivery site. Shareholding ~12.79%*^ Shareholding ~15.24%*@ 20 active investments in the portfolio. Balance sheet investments in Total b
Slide 6: Key Financials- Past 3 years performance
Key Financials- Past 3 years performance All numbers in Rs MN except % Description FY 20 FY21 FY 22 Revenues 12,922 11,280 15,625 Billing 12,905 11,758 18,660 Operating EBITDA^ 3959 2,881 4,637 Operating Margin (%)^ 31% 25% 30% Operating PBT ^ 3,190 3,538 101,009 Cash and Bank Bal # 12,613 34,409 35
Slide 7: Key Financials- Annual
Key Financials- Annual All numbers in Rs MN except % Description FY 22 FY21 FY 20 Growth Growth FY22 Vs 21 FY21 Vs 20 Billing Info Edge * 18,660 11,758 12,905 58.7% (8.8%) - Recruitment 14,364 8,320 9,374 72.6% (11%) - 99Acres 2,312 1,848 2,139 25% (14%) Revenue Info Edge * 15,625 11,280 12,922 39%
Slide 8: Key Financials- Qtrly Update
Key Financials- Qtrly Update All numbers in Rs MN except % Description Q1’22 Q1’21 YOY Q4’22 QoQ Billing Info Edge * 5,241 3,228 62.3% 6,493 62.4% - Recruitment 4,150 2,520 64.6% 5,132 64.6% - 99Acres 611 233 162.2% 793 173.2% - JS 176 251 (29.8%) 281 (29.8%) - Shiksha 303 financials . Segmental * I
Slide 9: Financial performance
Financial performance Info Edge Billing and Cash EBITDA** (Rs Mn) trend 20,000 9,000 18,000 8,115 8,000 16,000 7,000 14,000 6,000 12,000 5,263 5,000 10,000 3,971 4,000 8,000 4,242 3,130 3,000 6,000 3,378 4,000 2,000 12,905 12,922 11,758 11,280 18,660 15,624 2,000 1,000 - - FY20 FY21 FY22 Billing Rev
Slide 10: Billing and Cash EBITDA
Billing and Cash EBITDA Segmental Billing and Cash EBITDA** (Rs Mn) trend 18,660 18,500 17,500 16,500 15,500 14,363 14,500 13,500 12,905 12,500 11,758 11,500 10,500 9,374 9,500 9,869 8,320 8,500 7,500 6,500 4,697 5,500 5,066 4,296 4,500 3,530 3,437 3,500 2,500 1,500 500 (122) (88) (541.1) (500) (1,5
Slide 11: Operating EBITDA
Operating EBITDA Info Edge and Segment-wise EBITDA (Rs crore) 8000 7140 7000 5263 6000 5131 4497 4242 5000 4000 3130 3000 2000 1539 1046 1000 590 0 FY20* FY21* FY22 Info Edge Recruitment EBITDA Loss in Other verticals • EBITDA for FY20-FY22 adjusted for non-cash charges • Info Edge standalone financ
Slide 12: People, Brand and IP - Key Value Drivers for Info Edge
People, Brand and IP - Key Value Drivers for Info Edge 8000 60% 7000 50% 50% 6000 46% 42% 40% 5000 4000 30% 3000 20% 16% 15% 2000 17% 10% 1000 5414 2044 5680 1642 7161 2593 0 0% FY 20 FY21 FY22 Personnel Cost (Rs Mn) Marketing Cost (Rs Mn) Personnal Spend as % of revenues Mktg Spend as % of total co
Slide 13: Assets and funds Allocation
Assets and funds Allocation As of June 30, 2022 # Assets Liabilities 1% Shareholders Equity 4% 6% Cash & Liquid ^ 7% Investments ^ 23% Customer Advances / Investment in Deferred Sales Startups Revenue Operating Assets Other Liabilities & Provisions 72% Other Assets 87% Total: 127,827 Mn Total: 127,8
Slide 14: Market cap performance
Market cap performance Info Edge historical market cap trend (Rs Mn) and Nifty Mid-cap relative trend 100000 90000 80000 70000 60000 50000 32% CAGR 40000 30000 20000 14% CAGR 10000 0 Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 Jun-20 Jun-21 Jun-22 Market Cap Mid-cap Nifty Indexed to IE M
Slide 15: Corporate Governance- Cornerstone to our value system
Corporate Governance- Cornerstone to our value system Half of the Board comprises of Independent Directors Non- Executive Chairman Statutory Audit performed by EY Internal Audit performed by an external firm Audit committee comprises only of Independent Directors Formal dividend policy (
Slide 16: Board of Directors
Board of Directors Whole time Non Executive Independant Kapil Kapoor (57) Saurabh Srivastava (76) Naresh Gupta (55) Sanjeev Bikhchandani (59) Independant Director Independent Director Founder and Executive Vice Chairman & Non Executive B.Tech IIT Kanpur, Chairman Director M.Sc Harvard B Tech IIT Kan
Slide 17: Nationwide sales/customer interface infrastructure
Nationwide sales/customer interface infrastructure Info Edge sales offices illustrative map Chandigarh Geographical Spread as on date Delhi NCR (Noida, Gurgaon) Jaipur Lucknow Nation wide coverage Ahmedabad Indore Bhopal Raipur Kolkata through 58 company branch Nasik offices in 43 cities in India
Slide 18: Shareholding
Shareholding As of 31st Jul, 2022 MF/ FPI/ FII/ Banks/ Insurance Companies % Shareholding Axis Mutual Fund + Schroders 8.12% Others, Life Insurance Corporation 4.21% 10.5% Nalanda 2.99% Vanguard 2.19% UTI 2.03% Mutual Funds and Arisaig 1.89% Banks, 16.1% Ishares 1.74% Promoters, Stewart 1.48% associ
Slide 19: Naukri
infoedge Employer Zone . Naukri LOGIN NOTIFICATIONS 2 “ Cnaukri.com JOBS RECRUITERS COMPANIES SERVICES MORE Buy Online India’s Not Job Site Walk-in Jobs All Jobs IIT/IIM Jobs International Jobs New to Naukri? Register with us Recent Searches java programmer- 186 new jobs investor relation- 135 new j
Slide 20: Key operating metrics for Naukri
Key operating metrics for Naukri 552 K Dominant Traffic Share job listings among peers Avg. 956 K 20 K new 84 Million Resumes resume Daily activity on resumes searches Naukri platform added daily in Q1FY23 93 k Job Seekers availed premium services 5 mn 411 K recruiter resumes email modified 75,876 U
Slide 21: Naukri traffic share among traditional job sites
Naukri traffic share among traditional job sites Overall traffic (from desktops, laptops and web mobile) 90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% Naukri Monster India Timesjob Shine Indeed Source: SimilarWeb Above chart excludes Linkedin. Similarweb stopped reporting the traffic da
Slide 22: Naukri traffic share among traditional job sites
Naukri traffic share among traditional job sites Overall traffic (from desktops, laptops & web mobile) 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Naukri Monster India Timesjob Shine Source: SimilarWeb Above chart excludes Linkedin. Similarweb stopped reporting the traffic data generated from mobile app
Slide 23: Naukri is a business of the virtuous circle
Naukri is a business of the virtuous circle Benefits • Naukri has over We get the 100% of industry most profits enabling clients We’ve got the greater investment in most jobs – Product innovation – Engineering We get – Brand support the most – Sales network response We get the most – Servicing back
Slide 24: Revenue sources for Naukri
Revenue sources for Naukri B2B revenues ( as on date) comprise ~90% of overall Naukri revenue and includes: – Resume database access – Job Posting (response management) – Employer branding (visibility) – Application tracking tools. – eHire - Resume short listing and Walk-ins – Assessment services
Slide 25: Breakdown of revenue by Product and Industry
Breakdown of revenue by Product and Industry Data for trailing 12 months to June 2022 Others, 5.8% Services/Others, RMS / CSM /… 17.7% Assisted search, 5.6% Branding, 4.7% Manufacturing, 4.3% IT & ITES, 36.0% Job seeker services, 6.5% BFSI, 6.5% Resume database Job listings, 9.5% access, 64.1% Infra
Slide 26: Increasing realization per unique client with increasing number of customers
Increasing realization per unique client with increasing number of customers Naukri India - Revenue per client and # of clients 90 93 110 120 84 85 70 80 86 20 75 80 77 70 -30 FY20* FY21* FY22* Avg. realization in Rs '000 (LHS) # of unique clients in '000 (RHS) Recruitment Segment Billing and EBITDA
Slide 27: Naukri Investment strategy
Naukri Investment strategy Enhance Core Platform Efficiency and Experience using AI / ML Experimenting Outcome based Strengthen Product Business models- Offering – RMS. BigShyft. Key Investment Avenues Strategic Enhancing Job Investments in Seeker Experience/ adjacent business . Career information S
Slide 28: Our acquisitions in recruitment space
Our acquisitions in recruitment space iimjobs.com and hirist.com iimjobs.com is India’s leading recruitment platform for management professionals. Hirist.com is an exclusive recruitment platform for premium technology talent. Zwayam Zwayam is engaged in the business of providing SAAS based sourcing
Slide 29: New GTM approach for Naukri.
New GTM approach for Naukri. 29
Slide 30: Shiksha
Shiksha A website which helps students decide undergraduate and post graduate options, by providing useful information on career, exams, colleges & courses 30
Slide 31: Shiksha
Shiksha A website which helps students decide undergraduate and post graduate options, by providing useful information on career, exams, colleges & courses 31
Slide 32: Shiksha Vision & Key Enablers
Shiksha Vision & Key Enablers Technology led differentiators (around generating Superior 1-1 Ease of finding the & discovering counselling for information content) students confused student/parent is about career looking for choices, or aspiring to study abroad Useful, differentiated content, data &
Slide 33: Shiksha’s Strengths
Shiksha’s Strengths Shiksha is India’s largest Higher Education Classified platform 1 1315 12.9 Lakh+ Unique Clients Questions Answered 576 million 60,500+ Page views Annually Colleges Higher Colleges 226 million Students Education Visits Annually 4,27,000+ Classified Course Listings 5.3 million Reg
Slide 34: Shiksha – Quarterly financials
Shiksha – Quarterly financials Shiksha Quarterly Revenue (Rs Mn) and EBITDA (Rs Mn) 350.0 313 300.0 244 250.0 228 219 216 200.0 169 153 43% 154 149 150.0 125 134 132 128 132 107 107 32% 39% 20% 93 20% 100.0 26% 82 12% 11% 79 10% 62 7% 7% 68 50.0 45 33 27 3% 38 14 13 9 8 - (2) 6 (9) (21) (12) (50.0)
Slide 35: 99acres
99acres infeedae 99 acres — suyinmumbai Navi v FofBuyers For Tenants. For Owners __ For Dealers { Builders Post property@ Py = India'sNo.1 Property Poa Waal “an ia's No.1 Property Portal #NaTwistOn99acres PG/ Co-living Commercial Projects Dealers All Residential v Q_ _ Start Your Property Search her
Slide 36: Online Real Estate marketing business in India
Online Real Estate marketing business in India • Real estate is one of the largest spender on advertising in print media • Our estimate of spend on online real estate portals is about Rs 8.0-9.0 bn in FY 21-22 (excluding Google and Facebook) • 99acres, a leader in this category – Google, Facebook an
Slide 37: 99acres traffic share
99acres traffic share Overall traffic (from desktops & laptops, web mobile) 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% Jun-20 Jun-21 Jun-22 Sep-20 Oct-20 Feb-21 Sep-21 Oct-21 Feb-22 Aug-20 Aug-21 Nov-20 Mar-21 Apr-21 Mar-22 Apr-22 Jan-21 Nov-21 Jan-22 May-21 May-22 Jul-20 Jul-21 Dec-20 Dec-21 99acres
Slide 38: Buyers & Tenants spend more time on 99acres with lower/similar bounce rate vs competition
Buyers & Tenants spend more time on 99acres with lower/similar bounce rate vs competition Source: SimilarWeb, Desktop + Mobile Web 38
Slide 39: 99acres business model
99acres business model Revenue Model* New Projects So we get Projects showcase the most Featured listings clients We’ve got the Email campaigns most no. of genuine real Banner Ads, Re-targeted ads estate listings Re-sale Listings Featured listings So we get Top Dealers the most O
Slide 40: Key business metrics for 99acres (Q1)
Key business metrics for 99acres (Q1) • As of June 30, 2022 – Total projects 1,83,629 + (under construction or ready-to- move-in) – Total listings 9,35,389 (including 5,23,559 owner listings) • Residential 7,40,575 • Commercial 1,94,794 40
Slide 41: Break-down of Customers and Billing
Break-down of Customers and Billing No. of customers in ‘000 Billing breakdown by customer type 6% 30.9 32.9 39% 55% 6.6 BROKER BUILDER OWNER BROKER BUILDER OWNER Data for trailing 12 months to June 2022 41 Source: ERP
Slide 42: 99acres –strategy
99acres –strategy • Customer Service • Analytics • Project • Lead optimization comparisons • Monetization updates / payment Customer Data • New offerings plans Service Science Strategy Platform Data Quality • SEO • Mobile & HTML site • Verify listings • Personalization • Improve listing • Brand buil
Slide 43: 99acres – Quarterly Financials
99 acres – Quarterly Financials 99acres Quarterly Revenue (Rs Mn) and EBITDA (Rs Mn) 800.0 663 582 586 613 600.0 564 570 544 564 492 483 504 501 36% 419 425 452 449 31% 400.0 16% 363 16% 341 13% 13% 13% 12% 8% 6% 6% 5% 200.0 55 52 52 30 30 37 37 0.0 9 12 (23) (58) (70) (107) (142) -200.0 (186) (176)
Slide 44: Mobile app – home screen, navigation & search
Mobile app – home screen, navigation & search 44
Slide 45: Mobile app – Project detail page
Mobile app – Project detail page 4 5 45
Slide 46: Locality Reviews
Locality Reviews 8:49 o g Developments SB.) 52% Popular Builders Ratings & Reviews Ratings & Reviews View all — s* 44:5 — os ee ee * Average Rating ‘ a* i* Ratings by Features @ ) ® © Utestyle Connectivity safety Environment 5/5 vs 95 What are the po: Good Public Transport Easy Cab/Auto Availability
Slide 47: Support for various commercial properties & pre-leased options
Support for various commercial properties & pre-leased options 47
Slide 48: Jeevansathi
infoedge Jeevansathi BROWSE PROFILES BY v SEARCH v of REGISTER FREE Be found 48
Slide 49: Online matchmaking in India and the Jeevansathi Business Model
Online matchmaking in India and the Jeevansathi Business Model Online matchmaking is a large opportunity in India with the organized industry doing a topline of Rs. 7-8 billion Jeevansathi has a subscription-based platform to connect prospects for the purpose of matrimony Platform offers much higher
Slide 50: Jeevansathi leads innovation
Jeevansathi leads innovation AI/ML based Recommend ations Video Video/Audio Profiles Calling Superior User Experience Online ID- Top-rated based App Verification Experience Online Video-based ‘Match Hour’ Events Jeevansathi launched these industry-first features and continues to be the leader in off
Slide 51: Jeevansathi’s strengths
Jeevansathi’s strengths Leadership in the North markets Capital Efficient Business • Growth supported by faster internet user growth in • Highest sales productivity in the industry achieved the North through tech-led sales processes • Solid understanding of tier 2/3 cities leading to • Highest EBITD
Slide 52: Jeevansathi – Quarterly financials
Jeevansathi – Quarterly financials Jeevansathi Quarterly Revenue (Rs Mn) and EBITDA (Rs Mn) 300.0 259 254 225 252 229 238 254 247 242 227 208 214 200.0 182 199 184 177 181 100.0 24% 31% 22% 29% 21% 29% 19% 0.0 18% 21% 16%(54) 16% (71) (56) 10% -100.0 (87) (129) (163) (150) -200.0 (202) (187) (184) (
Slide 53: Investments
intoedge Investments 53
Slide 54: Financial Investment Portfolio
Financial Investment Portfolio Financial Investment-Listed Companies Cost of investment as of June ’30, Approx. diluted and converted Investee Company Prominent Domain names 2022 ( Rs Million) shareholding %(Actual) Zomato Media Pvt Ltd www.zomato.com 1,465 15.24% Policyabazaar www.policybazaar.com
Slide 55: Strategic Investment Portfolio
Strategic Investment Portfolio Strategic Investments Cost of investment as of June ’30, Approx. diluted and converted Investee Company Prominent Domain name 2022 ( Rs Million) shareholding %(Actual) 4B Networks Private Limited www.brokernetwork.app 1,860.00 62.52% Aisle Network Private Limited www.a
Slide 56: Investee companies financials
Investee companies financials ₹Mn Investee Company Website Operating revenue Operating EBITDA Figures in Rs Mn. FY21 FY22 Q1 22-23 FY21 FY22 Q1 22-23 Partly owned subsidiary 4b Networks Private Limited www.brokernetwork.app - 178.10 198.74 (28.98)(554.26) (638.34) Aisle Network Private Limited www.a
Slide 57: Data Security at IEIL
Data Security at IEIL Data Security and Privacy Policy • Protects users data using end point security through Data Leakage prevention software (Websense DLP), Write restrictions by locking USB’s, disk encryption complex password policies , vulnerability patching and anti-viruses. • Denial of Servi
Slide 58: People Development
People Development Assessment • Defined Performance Management process which includes KRA Settings , Quarterly goal setting , mid year and full year assessments • Established practices to capture employee concerns through annual surveys. Learning and Development • Advanced education policy that
Slide 59: Contribution to Environment
Contribution to Environment. IEIL’s Corporate Office Improved Indoor Air Quality at Noida / NCR • Green Building Offices – • Silver Certification • Outside PM 2.5- 881 Inside PM 2.5 -20 • By Indian Green Building • 3300+ Employees have advantage of Council (IGBC) cleanest air being at IEIL. Conservi
Slide 60: Corporate Social Responsibility at Info Edge
infoedge CORPORATE SOCIAL RESPONSIBILITY AT INFO EDGE Our CSR programme focuses on making impactful interventions at various stages across the education and livelihoods spectrum Bridge Supporting Enhancing programmes/ government overall Key ecosystem Special needs University Enabling stakeholders ed
Slide 61: Direct Impact of Our Key CSR Projects
DIRECT IMPACT OF OUR KEY CSR PROJECTS’ Education and Livelihoods infoedge =D X23 £2 XD ED ED ED ED | | | | | | | Children given non-formal education through bridge education programmes Formal school Children Teachers Universities Persons with Women skilled students provided trained for given Disabil
Slide 62: Team
intoedge Team 62
Slide 63: Management Team
Management Team Year of Name Age Qualification Designation/Role Previously worked with joining B.A Arts&Humanities M.B.A Founder And Executive Vice Sanjeev Bikhchandani 59 Lintas, Glaxo Smith Kline 1995 Marketing IIM Ahmedabad Chairman Hitesh Oberoi 50 B.Tech IIT, M.B.A IIM Bangalore Managing Direct
Slide 64: Management Team
Management Team Year of Name Age Qualification Designation/Role Previously worked with joining Executive Vice President Abhinav Katiyar 40 B.Tech Healcon.com 2014 Engineering - Shiksha B.Tech IIT Delhi MS Stanford Executive Vice President - Key Pankaj Jain 47 Spice Online Retail 2014 University Proj
Slide 65: Brokerages that cover us
Brokerages that cover us Firm Analyst Phone Number E-mail Ambit Vivekanand +91.22.3043 3261 Subbaraman vivekanand.s@ambit.co B&K Securities Sushil Sharma +91.22.4031 7117 sushil.sharma@bksec.com BAML Sachin Salgaonkar +91 22 6632 8667 sachin.salgaonkar@baml.com Citi Research Vijit Jain +91.22.6175 9
Slide 66: Investor relations contacts
Investor relations contacts Name Chintan Thakkar Vivek Aggarwal Designation CFO EVP – Finance e mail chintan.thakkar@naukri.com vivek.aggarwal@naukri.com Telephone +91 120 3082137 +91 120 3082007 Fax +91 120 3082095 Address Info Edge (India) Limited, B 8, Sector 132, Noida – 201 301, Uttar Pradesh,
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