Info Edge India Ltd. · NSE:NAUKRI
Info Edge India — Q1 FY25 Earnings Presentation
37 slides from Info Edge India's earnings presentation, August 2024
Slide 1: Earnings Presentation Quarter ended June 30, 2024
Earnings Presentation Quarter ended June 30, 2024
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: Standalone Financial Performance
Standalone Financial Performance 3
Slide 4: IEIL Standalone performance (Q1FY25) – at a glance
IEIL Standalone performance (Q1FY25) – at a glance Rs. 579cr Rs. 227cr Rs. 174cr Rs. 4,255cr Billings Operating Profit Cash from operations Cash Balance (YoY +10.8%) (YoY +8.8%) (before Taxes) as of Jun 30, 2024 (YoY +20.2%) Rs. 639cr 35.6% Rs. 17.98 5,817 Revenue from Operations Operating Profit ma
Slide 5: Key highlights regarding standalone financial performance for Q1FY25
Key highlights regarding standalone financial performance for Q1FY25 Billings growth in Q1 was driven by continued improvement in the recruitment business and the 1. sustained performance of the non-recruitment businesses Deferred sales revenue in Q1FY25 was Rs. 1,077cr 2. Operating profit margins w
Slide 6: Info Edge Q1FY25 highlights: Improved YoY growth in revenue and billings
Info Edge Q1FY25 highlights: Improved YoY growth in revenue and billings, along with sustained operating margins and increased cash generation Revenue from operations (Rs. Cr) Operating profit (Rs. Cr) and margins (%) Incl. acquired 600 655 2,228 2,457 Op. Profit margin % 35.8% 35.6% 34.1% 36.6% bus
Slide 7: Business Segments Financial Performance
Business Segments Financial Performance 7
Slide 8: Recruitment business: billings growth continued in Q1
Recruitment business: The billings growth observed in Q4 continued its upward trend in Q1 as well; Naukri database now holds over 100 million resumes Revenue from operations (Rs. Cr) Op. profit (Rs. Cr) & margin (%) Q1FY25 highlights Op. Profit 59.0% 54.0% 59.9% 58.2% +7.5% % Growth momentum in the
Slide 9: 99Acres: Billings growth moderated; cash losses further reduce
99Acres: Billings growth moderated due to muted new project sales; Cash losses further reduce by 54% YoY in Q1 Revenue from operations (Rs. Cr) Operating profit (Rs. Cr) Q1FY25 highlights +23.5% Unsold new project inventory levels remain at 351 Q1FY24 Q1FY25 FY23 FY24 reasonably healthy levels in mo
Slide 10: Jeevansathi: The business is nearing breakeven
Jeevansathi: The business is nearing breakeven, driven by continued strong billings growth in Q1 and sustained cost control Revenue from operations (Rs. Cr) Operating profit (Rs. Cr) Q1FY25 highlights +9.8% Q1FY24 Q1FY25 FY23 FY24 The matchmaking industry remains competitive, with the top 3 players
Slide 11: Shiksha: Revenue and billings continued to grow in Q1
Shiksha: Revenue and billings continued to grow in Q1 along with improving operating profits Revenue from operations (Rs. Cr) Operating profit (Rs. Cr) Q1FY25 highlights +19.0% 4.4 139 3.5 In Q1FY25, billings grew by 24.6% and revenue grew 117 2.8 by 18.4% and the business generated cash from +18.4%
Slide 12: Consolidated Financial Performance
Consolidated Financial Performance 12
Slide 13: Summary of consolidated financial performance for Q1FY25
Summary of consolidated financial performance for Q1FY25 At the consolidated level, the net sales for the Company stood at Rs. 676.7cr in Q1FY25 versus Rs. 625.9cr for Q1FY24 At the consolidated entity level, the total comprehensive income stands at Rs. 3,582.6cr in Q1FY25 compared to Rs. 3,001.9cr
Slide 14: Operational Highlights
Operational Highlights infoedge
Slide 15: InfoEdge businesses
InfoEdge businesses Core Operating Businesses Strategic Investments Financial Investments Recruitment Real Estate Matchmaking Education 15
Slide 16: Recruitment business – Key operating highlights
Recruitment business – Key operating highlights 16
Slide 17: Recruitment business – key highlights
Recruitment business – key highlights Dominant Traffic Share among peers Rs. 431cr Rs. 255cr Q1FY25 Billings Q1FY25 Operating Profit 54.0% Rs. 190cr Q1FY25 Operating PBT margin Q1FY25 Cash from operations 75%+ 100 million+ Traffic Share1 Resume database2 ~132k 462k Unique revenue Job listings3 gener
Slide 18: Breakdown of revenue by Product and Industry
Breakdown of revenue by Product and Industry Revenue split by products1 Revenue split by industry1 Others, 6.0% Assisted Services/Others search, 4.6% , 17.9% Branding, 4.5% IT & ITES, Job seeker Manufacturing, 30.8% services, 7.2% 4.3% BFSI, 9.2% Job listings, 9.0% Resume database Recruitment access
Slide 19: Growing customer base along with enhancing Avg. Realization Per User
Growing customer base along with enhancing Avg. Realization Per User driving billings growth No. of clients (‘000) Billings (Rs. Cr) 1,859 1,883 132 127 1,436 110 FY22 FY23 FY24 FY22 FY23 FY24 Avg. realization per client (Rs. ‘000) Operating profit margin (%) 111 113 59.9% 56.9% 58.2% 86 FY22 FY23
Slide 20: Real Estate business – Key operating highlights
Real Estate business – Key operating highlights 20
Slide 21: 99Acres – key highlights
99Acres – key highlights Rs. 81cr ~10% Q1FY25 Billings YoY Billings growth (Q1FY25) ~39% ~54% YoY improvement in YoY reduction in Q1FY25 operating profit cash losses in Q1FY25 176k+1 778k+2 Total projects Total listings Notes:1 As of Jun’24; 2 As of Jun’24 and includes 320k+ owner listings 21
Slide 22: 99Acres traffic time share
99Acres traffic time share Overall traffic (from desktops & laptops, web mobile) 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 99Acres MagicBricks CF Housing Source: SimilarWeb 22
Slide 23: Buyers & Tenants spend more time on 99acres
Buyers & Tenants spend more time on 99acres with lower/similar bounce rate vs most competitors Lower bounce rate on 99Acres platform demonstrating the high quality of traffic Higher time spent by buyers and tenants on 99Acres platform demonstrating high engagement Source: SimilarWeb; Desktop + Mobil
Slide 24: Key business metrics for 99Acres
Key business metrics for 99Acres Distribution of total 778k+ listings Distribution of 81k+ total customer base Billing breakdown by customer type Owner, Broker, 9% 42% Commerical, 20% Owner, Builder, Broker, 51% 30% 61% Residential, 80% Builder, 7% As of Jun 30, 2024 Data for trailing 12 months to J
Slide 25: Matrimony business – Key operating highlights
Matrimony business – Key operating highlights 25
Slide 26: Jeevansathi – key highlights
Jeevansathi – key highlights Rs. 25cr 35%+ Q1FY25 Billings YoY Billings growth (Q1FY25) 88% ~79% YoY reduction in YoY reduction in Q1FY25 operating losses cash losses in Q1FY25 90%+ ~45% User traffic & time spent YoY reduction in marketing on Android and iOS apps spends in Q1FY25 26
Slide 27: Education business – Key operating highlights
Education business – Key operating highlights 27
Slide 28: Shiksha – key highlights
Shiksha – key highlights India’s largest Higher Education Classified platform Domestic competitors include – Careers360, Collegedunia, CollegeDekho, getmyuni, Sarvgyan, Pagalguy, MBAuniverse, Aglasem 28 Study Abroad competitors include - Top universities (QS), IDP, Hotcourses, Yocket, LeapScholar, S
Slide 29: Investments
Investments infoedge 29
Slide 30: Financial Investments in technology-based Startups
Financial Investments in technology-based Startups Investments in Listed Entities Shareholding: 13.59% Shareholding: 12.61% Balance sheet investments in 21 active investments in the portfolio. Unlisted Entities Total books value of Rs. 565.5 Cr Info Edge Venture fund*.- First Scheme – USD100 Mn Info
Slide 31: Financial Investment Portfolio
Financial Investment Portfolio Financial Investments - Listed Companies Carrying value of investment Diluted and converted Investee Company as of June 30, 2024 shareholding % (Rs. Cr.) (Actual) Zomato 146.5 13.59% PB Fintech 575.8 12.61% Total 722.3 Strategic Investments Carrying value of investment
Slide 32: Financial Investment Portfolio
Financial Investment Portfolio Financial Investments - Unlisted Companies Carrying value of investment as Diluted and converted Investee Company Prominent Domain names of June 30, 2024 shareholding % (Rs. Cr.) (Actual) Agstack Technologies Private Limited http://www.gramophone.in/ 35.0 39.39% Printo
Slide 33: Balance Sheet Summary & Data Sheet
Balance Sheet Summary & Data Sheet 33
Slide 34: Standalone Balance Sheet Summary as of June 30, 2024
Standalone Balance Sheet Summary as of June 30, 2024 Assets (Total: Rs. 31,653 cr) Liabilities (Total: Rs. 31,653 cr) 3.8% 3.4% 9.2% 10.7% 85.6% 87.4% Investments Cash & Cash Equivalents Other Operating Assets Shareholder's Equity Other Liabilities & Provisions Deferred Sales Revenue / Customer Adva
Slide 35: Data sheet – Q1FY25 (1/2)
Data sheet – Q1FY25 (1/2) As at end of/ during Q1FY25 Q4FY24 Q3FY24 Q2FY24 Q1FY24 Q4FY23 Q3FY23 Q2FY23 Q1FY23 Q4FY22 Q3FY22 Q2FY22 Q1FY22 FY24 FY23 FY22 Key business metrics Naukri.com Number of resumes on Naukri.com 100 98 96 94 91 89 88 86 84 82^ 80 78 76 98 89 82^ (in millions) Average number of
Slide 36: Data sheet – Q1FY25 (2/2)
Data sheet – Q1FY25 (2/2) As at end of/ during Q1FY25 Q4FY24 Q3FY24 Q2FY24 Q1FY24 Q4FY23 Q3FY23 Q2FY23 Q1FY23 Q4FY22 Q3FY22 Q2FY22 Q1FY22 FY24 FY23 FY22 Key financial metrics Segment Billing (in Rs million) Recruitment business 4,314 6,254 4,289 4,314 3,975 5,835 4,346 4,256 4,150 5,133 3,692 3,019
Slide 37: Investor relations contact
Investor relations contact Name Chintan Thakkar Vineet Ranjan Designation Director and CFO SVP – Investor Relations E-mail chintan@infoedge.in vineet.ranjan@infoedge.com Telephone +91 120 3082137 +91 120 3082089 +91 120 3082095 Fax Address Info Edge (India) Limited, B 8, Sector 132, Noida – 201 301,