Bls International Services Ltd. · NSE:BLS
Bls International Services — Q2 FY2022 Earnings Presentation
21 slides from Bls International Services's earnings presentation, Oct 29, 2021
Slide 1: Investor Presentation Q2FY22
Investor Presentation Q2FY22
Slide 2: Q2 & 6MFY22 Highlights
RIS Q2 & 6MFY22 Highlights INTERNATIONAL
Slide 3: Financial Highlights
Financial Highlights Revenue (Rs Cr) EBITDA (Rs Cr) & EBITDA Margin (%) PAT (Rs Cr) & PAT Margin (%) Quarterly Highlights 10.0% 14.4% 10.6% 14.4% 28 45% 191 28 98% 110% 131 14 13 Q2FY21 Q2FY22 Q2FY21 Q2FY22 Q2FY21 Q2FY22 Half Yearly Highlights 8.9% 12.6% 7.1% 13.0% 369 101% 46 48 183% 183 270% 16 13
Slide 4: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement (Rs. in Cr) Q2 FY22 Q2 FY21 % Change H1FY22 H1FY21 % Change Revenue growth was driven by E- Revenue 190.5 131.2 45.2% 369.0 183.4 101.2% governance services and Banking Correspondence businesses which Gross Profit 62.9 38.1 65.1% 118.0 55.6 112.2% have outper
Slide 5: New Contracts won across businesses
New Contracts won across businesses Visa & Consular Business Launches Immigration Consultancy for Canada, to leverage its network in domestic and international markets Signs contract with Republic of Philippines, Department of Foreign Affairs to provide e-Passport Renewal services initially star
Slide 6: Consolidated Balance Sheet as on 30th Sept'21
Consolidated Balance Sheet as on 30th Sept’21 (Rs. in Cr) Sept’21 Mar’21 (Rs. in Cr) Sept’21 Mar’21 The company continues to be Fixed Assets incl. CWIP 46.4 debt free with zero Share Capital 10.3 23.9 10.3 borrowings Intangible Assets 13.1 13.8 Shareholders' Funds 508.5 459.8 Deferred Tax (Net) 6.
Slide 7: Consolidated Cash Flow for H1FY22
Consolidated Cash Flow for H1FY22 (Rs. Cr) H1FY22 H1FY21 60 Operating profit before WC change 13 C/F from operating activities 2 60 Change in Working Capital (4) 6 (2) Direct taxes (3) (25) Purchase of property, plant and equipment and intangibles (3) - Proceeds from sale / purchase of investment -
Slide 8: Company overview
R 1S Company overview INTERNATIONAL
Slide 9: Our competitive edge
Our competitive edge Expanding global network Ability to win marquee State-of-the-art digital infra contracts 2016-21: Europe, GCC & ME, South American Highly secure processes with capabilities Operating in 66 countries with a network of contracts to handle large quantities of 12,200+ application ce
Slide 10: Business overview
Business overview Broad suite of services for visa Visa processing processing and related services 1 Holistic solutions for customer’s Visa & Consular Services Value added (VAS) delight and convenience Consular services on behalf of Consular embassies/diplomatic missions Delivering front-end service
Slide 11: Visa processing & consular services
1 Visa processing & consular services Visa Processing Value Added Consular Leading global player in the visa Additional holistic services rolled out Services provided by the diplomatic outsourcing service industry, with over with speed & agility and offered to mission of a country to citizens of tha
Slide 12: E-Governance services
2 E-Governance services India G2C projects Punjab Project Delivered front-end service (~254 G2Cs) to Indian citizens at the grassroot level and enhanced citizen’s convenience Ongoing Catered 1.84 crore population and covered 16 districts across the state Decentralized service helped decongest
Slide 13: Other citizen services
3 Other citizen services Starfin - National Business Correspondent Present in 12 BLS has established a robust network of centers to deliver last mile banking services to unserved and underserved rural states and remote populations as part of Financial Inclusion Program of Govt. Of India. Offers
Slide 14: Huge opportunities across business segments
Huge opportunities across business segments Visa processing Citizen services Growth in outsourcing of visa application worldwide Global 22% 31% Most services offered by governments to consumers are 50% still only semi-automated with a low penetration of Outsourced cutting-edge technologies 78% 69%
Slide 15: Strong balance sheet to support for the next leg of growth
Strong balance sheet to support for the next leg of growth Organic growth in the existing buinesses Focus on large ticket size projects and establish own centers for such contracts 01 More services to existing clients thereby increasing wallet share Tap new geographies and countries for all bu
Slide 16: Historical Financial Highlights
Historical Financial Highlights
Slide 17: Net cash positive, high FCF business model
Net cash positive, high FCF business model Cash and bank (Rs. Crores) Cash flows from operations (Rs. Crores) 310 133 277 116 239 173 60 119 50 45 FY18 FY19 FY20 FY21 H1FY22 FY18 FY19 FY20 FY21 H1FY22 ROCE excl. cash (%) 43%* 32% 22% 17% 16% FY18 FY19 FY20 FY21 H1FY22 ROCE excl. cash 17 *Annualized
Slide 18: Historical Consolidated P&L Highlights
Historical Consolidated P&L Highlights (Rs. in Cr) FY18 FY19 FY20 FY21 Revenue 789 804 786 478 Gross Profit 295 266 236 142 (Gross Margin) 37% 33% 30% 30% Operating expenses 136 157 153 102 EBITDA 159 108 83 40 (EBITDA Margin) 20% 13% 11% 8% Finance Cost 12 10 2 0.5 Depreciation 40 19 12 9.5 Other I
Slide 19: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet (Rs. in Cr) Mar’19 Mar’20 Mar’21 (Rs. in Cr) Mar’19 Mar’20 Mar’21 Share Capital 10.3 10.3 10.3 Fixed Assets incl. CWIP 24.9 23.0 24.6 Shareholders' Funds 372.0 428.5 459.8 Intangible Assets 20.8 18.2 13.0 Non controlling Interest 0.5 (0.1) 0.1 Deferred Tax (Net)
Slide 20: Historical Consolidated Cash Flow
Historical Consolidated Cash Flow (Rs. Cr) FY21 FY20 48 Operating profit before WC change 85 C/F from operating activities (3) 45 Change in Working Capital 46 116 0 Direct taxes (15) (5) Purchase of property, plant and equipment and intangibles 0 3 Proceeds from sale / purchase of investment (3) C/F
Slide 21: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by BLS International Services Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for
BLS International Services — Q2 FY2022 Earnings Presentation on 6ix