Tanla Platforms Ltd · NSE:TANLA
Tanla Platforms — Q2 FY2021 Earnings Presentation
22 slides from Tanla Platforms's earnings presentation, Oct 31, 2020
Slide 1: Investor Updates for quarter ended September 30, 2020
Tanla Platforms Limited T: +91-40-40099999 (formerly Tanla Solutions Limited) info@tanla.com Tanla Technology Center www.tanla.com Hi-tech city Road, Madhapur, Hyderabad, India - 500081 CIN: L72200TG1995PLC021262 October 31, 2020 To, BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebh
Slide 2: Meet our technology masters
Janta Platforms Limited October 31, 2020 We foster an inclusive workplace where all employees are valued and get the opportunity to reach their full potential. Meet our technology masters Ravi, KP & Amar, who pioneered many success stories with over 15 years of commitment to Tanla
Slide 3: Disclaimer
Page 2 DISCLAIMER This investor update presentation might contain ‘forward-looking statements’ that are based on our current expectations, assumptions, estimates and projections about Tanla Platforms Limited (the “Company’), our industry, economic conditions in the markets in which we operate, and c
Slide 4: Contents
Page 3 Contents @ Highlights @ Profit & Loss Overview © Balance Sheet Overview © Key Metrics & Ratios © Annexures 31 October 2020 Investor Update G2FY2021 Page No. 7 19
Slide 5: Record Second Quarter 2021
RECORD SECOND QUARTER 2021 REVENUE, MARGIN, EBITDA, PBT, PAT AND EPS AT ALL TIME HIGH (2 Crore) & @ Total Revenue Gross Margin EBITDA Q2/21 Growth % Q2/21 Growth % Q2/21 Growth % 583.2 20% 134.3 36% 97.5 210% a @& Profit Before Tax Net Profit EPS Q2/21 Growth % Q2/21 Growth % Q2/21 Growth % 92.3 338
Slide 6: Other Financial and Non-Financial Highlights
OTHER FINANCIAL AND NON-FINANCIAL HIGHLIGHTS SECOND QUARTER IN Q2/21 OVER CORRESPONDING Q2/20 Gross margin percentage increased by 2.8% to 23.0% EBITDA percentage increased by 10.2% to 16.7% EBITDA to Cash Conversion remained robust at 82% Solid cash flow from operating activities was = 166.3 Cr Hig
Slide 7: Q2/21 vs Q1/21 Performance
Page 6 Q2/21 Vs Q1/21 PERFORMANCE Q2/21 Revenue from operations 583.2 Cost of Services (448.9) Gross Margin 134.3 Operating Expenses (36.8) EBITDA 97.5 Other Income 47 Tax Expense (including deferred tax) (10.8) Net profit (loss) 81.5 Investor Update Q2FY2021 Q1/21 455.5 (350.2) 105.3 (30.3) 75.0 13
Slide 8: Profit & Loss Second Quarter 2021
Page? Revenue from operations Cost of Services Gross Margin Gross Margin % Operating Expenses EBITDA EBITDA % Other Income Depreciation and Amortization Finance Cost Share in Net profit/ (loss) of associate Profit (loss) before tax Tax Expense (including deferred tax) Net profit (loss) Earnings per
Slide 9: Profit & Loss First Six Months 2021
Page 8 Revenue from operations Cost of Services Gross Margin Gross Margin % Operating Expenses EBITDA EBITDA % Adjusted EBITDA Adjusted EBITDA % Other Income Depreciation and Amortization Finance Cost Share in Net profit/ (loss) of associate Profit (loss) before tax Tax Expense (including deferred t
Slide 10: Gross Margin Development
GROSS MARGIN DEVELOPMENT GROSS MARGIN UP 2.8 PERCENT YOY Q1/20 19.4% Q2/20 20.2% Q3/20 19.3% Q4/20 21.4% Q1/21 23.1% Q2/21 23.0% Increased Gross margin percentage is on account of improved contribution from platform business Page 9 31 October 2020 Investor Update @2FY2021
Slide 11: EBITDA Movement
EBITDA MOVEMENT UP 4.1 PERCENT YOY Particulars FY 20 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Adjusted EBITDA (® Crore) 240.3 50.8 60.9 63.7 76.1 97.5 Free Cash Flow” ( Crore) 195.8 42.5 48.6 58.50 617 80.2!) 12.9% 12.5% 113% 16.7% 16.6% Adjusted EBITDA to Revenue % = 12.2% et ~ = —i | Adjusted EBITDA to
Slide 12: Gross Margin Cost Allocation
31 October 2020 GROSS MARGIN COST ALLOCATION SECOND QUARTER IN Q2/21 OVER CORRESPONDING @2/20 Gross Margin 134.3 crore Operating Expenses" 36.8 Cr EBITDA 97.5 Cr Depreciation?) 9.9 Cr Other Income 47 Cr PBT®) 92.3 Cr, Net Profit 81.5 crores Investor Update Q2FY2021 A% ¥ 2% t 60% § 55% t 176% 144% B
Slide 13: Revenue, COGS, Operating Expenses, PBT and EPS
Revenue and COGS Adjusted Operating Expenses(1) Adjusted S&M and G&A (1) ₹ Profit Before Tax EPS ₹ • ₹ ₹ ₹ ₹
Slide 14: Unaudited Balance Sheet Condensed
UNAUDITED BALANCE SHEET CONDENSED SEPTEMBER 30, 2020 Assets 30-Sep-20 31-Mar-20 Goodwill 134.6 134.6 Intangible assets 94.4 95.1 Property, plant, and equipment 31.0 35.9 Financial Assets 7.0 45 Other non-current assets 113.8 141.5 Total non-current assets 380.8 411.5 Cash, cash equivalents and other
Slide 15: Cash Flow Statement
Particulars Net cash provided by (used in) Profit before tax Adjustments for dep, interest, ESOP, other income, provision for doubtful debts, forex fluctuations and others Cash flow before changes in working capital Changes in working capital Changes in Receivables and Payables (incl. unbilled - rev
Slide 16: Capex Incurred
Platforms IT & Networks Facilities Total Capex Incurred Note: CAPEX INCURRED QV/20 = =Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 FY 20 21 10.9 2.2 13.6 7.9 43 28.8 1.6 0.2 1.2 2 0.1 2.2 3.0 3.1 - - 3.1 0.2 0.2 6.4 6.8 11.1 3.4 16.7 8.2 6.7 38.1 1. Facilities include buildings, furniture and fixtures and office e
Slide 17: Cash, DSO & DPO, Current Ratio, ROCE
Cash and Cash Equivalents DSO & DPO Current Ratio ₹ Fixed Assets Turnover Ratio Return on Capital Employed
Slide 18: Strong Performance
Page 17 STRONG PERFORMANCE SECOND QUARTER IN Q2/21 OVER CORRESPONDING Q2/20 Total Revenue Revenue Mix Gross Margin EBITDA +20% INR Foreign Currency +36% +210% = 583.2 Crore 57% : 43% = 134.3 Crore = 97.5 Crore Adjusted EBITDA to Net Profit EPS* DSO Cash conversion 82% +273% =5.85 59 Days = 81.5 Cror
Slide 19: Key Ratios
Page 18 KEY RATIOS Current Ratio Quick Ratio 1.70 1.65 +7.6% 413.2% Price to Book Value* ROCE 5.67 47.5% +475.5% H177.4% 31 October 2020 Investor Update Q2FY2021 Cash Ratio 0.50 times +36.8% Fixed Assets Turnover Ratio 38.67 times
Slide 20: Annexures
Annexures
Slide 21: Adjusted EBITDA and Free Cash Flow
ADJUSTED EBITDA AND FREE CASH FLOW Particulars — Adjusted EBITDA EBITDA Acquisition cost Buy back ESPS Provision towards Franklin Templeton investment MWC Barcelona Adjusted EBITDA Particulars — Free Cash Flow (FCF) Adjusted EBITDA Capex Finance cost Current tax Free Cash Flow (FCF) Note: 1 nd Divid
Slide 22: Yet another Tech Star
Yetvanother Tech Star Mani Deepa, who has been-managing complex voice platform for over a decade EXTERNAL Second Quarter