40 slides from C.e. Info Systems's earnings presentation, May 13, 2024
Slide 1: Submission letter to stock exchanges
MAPP LS® May 13, 2024 The Listing Department The Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra Kurla Complex, Bandra (East) Mumbai 400 001 Mumbai 400 051 BSE SCRIP Code: 543425 NSE Symbol: MAPMYINDIA Subject: Subm
Slide 2: MapmyIndia Investor Presentation Q4 & FY2024
MapmyIndia C.E. Info Systems Ltd Investor Presentation Q4 & FY2024 May 2024
Slide 3: Q4 & FY2024 Performance
Q4 & FY2024 Performance Management Commentary Consolidated Financial Highlights (Q4 & FY24) Consolidated P&L Highlights Consolidated Business Highlights: Map-led and IoT-led Segmental Revenue by Markets and Product Order Book Customers Employees Key Investments Consolidated Financial Highlights and
Slide 4: Management Commentary
Q4 & FY24 Performance Management Commentary “We are very pleased to share MapmyIndia’s “…Revenue from the IoT led business grew 91% YoY to continued strong performance year-after-year, cross an important revenue milestone of Rs 112 Cr, with recording in FY24 a revenue from operations of Rs EBITDA gr
Slide 5: Management Commentary
Q4 & FY24 Performance Management Commentary “Our overall revenue growth of 35% to Rs 379 Cr during “…We continued to acquire new B2B and B2B2C FY2024 was broad-based with Consumer Tech & customers – including many businesses and Enterprise Digital Transformation revenue up 49% YoY enterprises across
Slide 6: Consolidated Financial Highlights (Q4FY24)
Q4 & FY24 Performance Consolidated Financial Highlights (Q4FY24) FY24 Total Income at Rs 417.6 Cr, Revenue from Operations of Rs 379.4 Cr; FY24 Revenue Growth of 35% & EBITDA margins at 41%; Q4FY24 YoY Revenue grew 47% YoY, EBITDA grew 36% YoY and PAT grew 35% YoY. INR Crores, unless otherwise YoY Y
Slide 7: Consolidated P&L Highlights
Q4 & FY24 Performance Consolidated P&L Highlights All Financial Metrics Grew Strongly: Revenue, Contribution Profit, EBITDA & PAT (All figures in INR Crores) Revenue from Operations Contribution Profit 35% 379.4 29% 284.3 281.5 219.6 47% 41% 106.9 72.5 75.3 53.3 Q4FY23 Q4FY24 FY23 FY24 Q4FY23 Q4FY24
Slide 8: Consolidated Business Highlights: Map-led and IoT-led
Q4 & FY24 Performance Consolidated Business Highlights: Map-led and IoT-led Total Map-led Map-led IoT-led IoT-led Map-led Map-led IoT-led IoT-led INR Crores, unless otherwise Q4FY24 Q4FY23 Q4FY24 Q4FY23 mentioned FY24 FY24 FY23 FY24 FY23 Revenue from 379.4 267.0 222.4 112.4 59.1 66.1 57.5 40.8 15.0
Slide 9: Market-wise Revenue – A&M
Q4 & FY24 Performance Market-wise Revenue – A&M MARKET SEGMENT – A&M1 • A&M (Automotive & Mobility Tech) business continues to grow steadily at 23% during FY24 on a YoY basis and 31% in Q4FY24 vs Q4FY23. (INR Crores) • 2.5+ million new vehicles (4-wheelers, 2-wheelers and CVs, across ICE and EV segm
Slide 10: Market-wise Revenue – C&E
Q4 & FY24 Performance Market-wise Revenue – C&E MARKET SEGMENT – C&E1 • C&E (Consumer Tech & Enterprise Digital Transformation) business saw an increase of 67% in Q4FY24 vs Q4FY23, based on onboarding new customers and upselling to existing customers. Growth remains strong at 49% on YoY basis for FY
Slide 11: Product-Wise Revenue – Map & Data and Platform & IoT
Q4 & FY24 Performance Product-Wise Revenue – Map & Data and Platform & IoT PRODUCT SEGMENT (INR Crores) 379.4 281.5 241.4 42% 169.7 106.9 72.5 106% 23% 69.1 138.0 33.5 -3% 111.8 39.0 37.8 Q4FY23 Q4FY24 FY23 FY24 Map and Data Platform and IoT • On YoY basis, Map and Data revenue grew 23% in FY24 and
Slide 12: Order Book
Annual Highlights Order Book OPEN ORDER BOOK PERFORMANCE UPDATE (INR Crores) • Open Order Book has grown 49% to Rs 1364 Cr based on Rs 825 1,372.5 Cr of Annual New Order Bookings in FY24, with momentum across both A&M and C&E market segments, due to continued adoption & expansion of use cases, as we
Slide 13: Customers
Annual Highlights Customers CUSTOMERS CONTRIBUTING CUSTOMERS SERVICED 80% OF REVENUE (#) 2300+ B2B & B2B2C customers since inception, including marquee names across nearly every vertical – new-age tech companies, businesses across industry verticals, automotive OEMs & government organisations 71 880
Slide 14: Employees
Annual Highlights Employees PERMANENT VS TEMPORARY BREAKUP BY FUNCTION (#) 1292 (#) 1,170 1292 221 1,170 936 221 936 146 510 628 628 501 355 355 660 664 435 448 447 581 FY2022 FY2023 FY2024 FY2022 FY2023 FY2024 SG&A Technical (non-permament) Technical (permanent) Permanent Non-permanent • Out of 668
Slide 15: Consolidated Annual P&L Highlights for Last 3 Years
Annual Highlights Consolidated Annual P&L Highlights for Last 3 Years (All figures in INR Crores) Revenue from Operations Contribution Profit & Margin 29% CAGR 38% CAGR 379.4 75% 281.5 78% 85% 200.0 284.3 219.6 169.6 FY2022 FY2023 FY2024 FY2022 FY2023 FY2024 EBITDA & Margin Profit After Tax & Margin
Slide 16: Consolidated Annual Balance Sheet Highlights for Last 3 Years
Annual Highlights Consolidated Annual Balance Sheet Highlights for Last 3 Years (All figures in INR Crores) Cash and Cash Equivalents Return on Capital Employed (ex-cash) (incl financial instruments) 557.3 122% 484.7 105% 96% 381.8 FY2022 FY2023 FY2024 FY2022 FY2023 FY2024 Cash from Operating Activi
Slide 17: Key Investments in FY24
Annual Highlights Key Investments in FY24 Date Name Overview Rationale Consideration Further acquisition of 18.8% stake A cutting‐edge start‐up aiming to build on fully diluted basis for Rs. To build a travel & hyper-local the world’s largest travel & hyper‐local 9 Crore – Had previously taken up Ko
Slide 18: Consolidated Balance Sheet & Cash Flow Statement (Extract)
Annual Highlights Consolidated Balance Sheet & Cash Flow Statement (Extract) (INR Crores) (INR Crores) Consolidated FY2023 FY2024 Consolidated FY2023 FY2024 Cash flow generated from Operating activities Property, plant & equipment 11.96 19.57 Profit before tax 139.54 176.64 Investments 134.57 238.39
Slide 19: Shareholding Pattern
Q4FY24 Shareholding Shareholding Pattern Key Non-Promoter Shareholders % Holding 1% Phonepe Private Limited 18.9% 12% 0% Zenrin Co. Ltd 3.7% 7% 4% Tata Mutual Fund – Tata Small Cap Fund 1.5% 53% Arisaig Asia Fund Limited 0.9% 23% Aberdeen Standard Asia Focus Plc 0.8% Kuwait Investment Authority Fund
Slide 20: About MapmyIndia
About MapmyIndia C.E. INFO SYSTEMS LIMITED www.mapmyindia.com, www.mappls.com
Slide 21: Company Overview
About MapmyIndia Company Overview India’s leading provider of advanced digital maps, geospatial software & location-based IoT Q2 technologies serving B2B and B2B2C enterprise customers. • Market leadership position in navigation and geospatial products and platforms • Early mover advantage in digita
Slide 22: Our Journey So Far
About MapmyIndia Our Journey So Far 1995-00 2001-10 2011-16 2017-19 2020-21 2022 2023-24 Company was Launched India’s first Launched IoT Built AI-powered 4D Launched real- Company goes founded internet mapping (GPS-based HD Digital Map Twin Launched Mappls time maps of Covid public platform and port
Slide 23: Built on Three Pillars of Technology
About MapmyIndia Built on Three Pillars of Technology Pioneers in digital mapping and have covered… 6.6Mn 99%+ 7.9K+ 637K+ kms of roads1 of India’s road Towns1 Villages1 network1 28Mn 19.75 Mn 550Mn+ places of interest1,2 house or building geo referenced photos, addresses1 videos & 360° panoramas1 L
Slide 24: Product and Platform Company
About MapmyIndia Product and Platform Company As a data and technology products and platforms company, we offer proprietary digital Maps as a Service (“MaaS”), Software as a Service (“SaaS”) and Platform as a Service (“PaaS”). MaaS SaaS PaaS N-CASE Suite for Auto OEMs IoT Saas for Mobility & Logisti
Slide 25: Deep Tech Offerings
About MapmyIndia Deep Tech Offerings InTouch Workmate Insight & mGIS Locate IoT Powered software that Enables workforce and Geo-analytics offerings Advanced fleet management allows near real-time vehicle workflow management, solutions - Processing solution designed to enhance and asset tracking and
Slide 26: Our Customers & Revenue Model
About MapmyIndia Our Customers & Revenue Model We are India’s leading provider of advanced digital maps, geospatial software & location-based IoT technologies serving B2B and B2B2C enterprise customers. We categorize them to two market segments - Automotive & Mobility Tech (A&M) and Consumer Tech an
Slide 27: Ever Expanding Use Cases
About MapmyIndia Ever Expanding Use Cases AUTOMOTIVE ECOMMERCE FOOD DELIVERY TRANPORTATION & BFSI LOGISTICS • Embedded Connection • Long haul first mile • Address intelligence • Fleet and asset • Geo-verification and Navigation • Last mile delivery • Last mile delivery tracking on-boarding • EV Rang
Slide 28: Our Right to Win
Our Right to Win C.E. INFO SYSTEMS LIMITED www.mapmyindia.com, www.mappls.com
Slide 29: Developed High Quality Maps through Proprietary Technology
Our Right to Win Developed High Quality Maps through Proprietary Technology Highly differentiated, unique HD maps providing photo-realistic Photo-realistic and Data Acquisition and digital asset (maps) that is Virtual Reality and Augmented Panoramic Maps Processing difficult to replicate Reality Liv
Slide 30: Network Effect creates Strong Entry Barriers
Our Right to Win Network Effect creates Strong Entry Barriers Increasing usage of products by customers, creates a network (flywheel) effect Continuously increasing the value proposition of our offerings and help grow our business State-of-the-art products & platforms built on high quality, updated
Slide 31: Founding Team
Our Right to Win Founding Team 01 LEADERSHIP TEAM Rakesh Verma Rashmi Verma Rohan Verma CO-FOUNDER, CMD CO-FOUNDER, CTO WHOLE-TIME DIRECTOR, CEO 50+ years of experience 44+ years of experience 20+ years of experience BE (Hons.), Mechanical Engineering, BITS, BTech, Chemical Engineering, IIT Roorkee;
Slide 32: Experienced Professional Management Team
Our Right to Win Experienced Professional Management Team 02 MANAGEMENT TEAM Sapna Ahuja Anuj Jain Nikhil Kumar Ankeet Bhat Shishir Verma CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER PRESIDENT, GEOSPATIAL CHIEF BUSINESS OFFICER, CHIEF HR & CORPORATE AUTOMOTIVE BUSINESS BUSINESS ENTERPRISE BUSINE
Slide 33: Market Opportunity
Market Opportunity C.E. INFO SYSTEMS LIMITED
Slide 34: Total Addressable Market
Market Opportunity Total Addressable Market AUTOMOTIVE OEMs CORPORATES Vehicles manufactured during the year (Mn) FY23 FY28E Corporates Total Potential Target Market Industry Number of vehicles 21 25 (FY27/28E) Customers - 2W 16 19 - EV 0.8 2.8 Digitally Native 2700 - 4W 4 6 1000 - EV 0.05 0.4 Tradi
Slide 35: Total Addressable Market
Market Opportunity Total Addressable Market GOVERNMENT MOBILITY Governments (FY27/28E) Total Target Vehicles on Road Total Vehicles Target Market Potential Market (FY27/28E) (Mn) (Mn) Customers Personal (2W & 4W) 300 8 Local (Urban Local Bodies) 4500 Goods Mobility 28 12 State (Departments) 350 1000
Slide 36: Strategic Outlook
Strategic Outlook C.E. INFO SYSTEMS LIMITED
Slide 37: Our Five-Year Plan
Strategic Outlook Our Five-Year Plan Plan to cross Revenue Milestone of Rs 1000 Cr by FY27/FY28, a CAGR of 35-40% Industry Potential in FY27/28 Potential Addressable Expected Industry Weighted Average Industry Revenue Potential Market Segments Market Adoption Ticket Size* (Rs Cr) Auto OEM 25 Mn Vehi
Slide 38: Future Strategy
Strategic Outlook Future Strategy Augment products, Scale and expand Drive expansion in Explore M&A Attract, develop platforms and our customer reach B2C and International opportunities to and retain skilled technology lead markets grow business employees • Invest to further • Expansion of • Increas
Slide 39: Disclaimer
Annexures Disclaimer This presentation and the accompanying slides (the “Presentation”) have been prepared by C.E. Info Systems Limited (“Company”) solely for information purposes and to provide background information about the Company and do not constitute an offer to sell or, recommendation or sol
Slide 40: Thank You
For further details please contact: Saurabh Surendra Somani Thank You Company Secretary & Compliance Officer, C.E. Info systems Limited 📞: +91 11 4600 9900 📧: investor.relations@mapmyindia.com Diwakar Pingle/Shashank Ganesh Ernst & Young LLP 📞: +91 22 6192 0000 Corporate Office 📧…