Iris Regtech Solutions Limited · NSE:IRIS
Iris Regtech Solutions — IRIS Business Services — Q2 FY22 Earnings Presentation
35 slides from Iris Regtech Solutions's earnings presentation, Nov 17, 2021
Slide 1: Exchange filing cover letter
IRIS Business Services Limited 17th November, 2021 To, BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, 5th Floor, Plot No C/1, Phiroze Jeejeebhoy Towers, G Block, Bandra-Kurla Complex, Dalal Street, Bandra (East), Mumbai - 400 051 Mumbai 400 00
Slide 2: Investor Presentation
INVESTOR Presentation 1 7 th N o v e m b e r 2 0 2 1 I R I S B U S IN E SS S E RV I C ES L I M I T E D Compliance, ● Data ● Analytics
Slide 3: Disclaimer
DISCLAIMER This does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed to constitute an offer. No representation or warranty, express
Slide 4: Inside this presentation
INSIDE THIS Presentation 01 ABOUT IRIS 02 GOVERNANCE 03 FINANCIAL PERFORMANCE IRIS BUSINESS SERVICES LIMITED INVESTOR PRESENTATION IRIS BUSINESS SERVICES LIMITED 3
Slide 5: About IRIS
IRIS ABOUT IRIS BUSINESS SERVICES LIMITED
Slide 6: We are Regtech SaaS
We are Regtech SaaS What do we do & therefore We are in the Our delivery That makes us business of mode is SaaS Regtech SaaS Regtech INVESTOR PRESENTATION How do we do it ▪ India’s only listed Regtech SaaS, and, ▪ (possibly) Only SaaS firm listed in India IRIS BUSINESS SERVICES LIMITED 5
Slide 7: About Regtech
About Regtech What is Regtech How it helps Who is it for ▪ It is the use of IT to enhance ▪ To Improve regulatory ▪ Regulators regulatory processes. oversight (This segment is ▪ Enterprises also called Suptech) ▪ To help businesses comply INVESTOR PRESENTATION with regulations efficiently and less e
Slide 8: Our Regtech business
Our Regtech business • TAXONOMY & • IRIS IFILE : On Prem COLLECT CONSULTING: Filing platform for Taxonomy design regulators to help and development, them receive pre Taxonomy testing and validated data COLLECT review, Training, R&D Software platform for regulators to collect • CARBON : SAAS • IRISGS
Slide 9: Corporate journey
ABOUT US CORPORATE Journey 2005 2007 2009 201 1 201 3 201 5 201 7 201 9 Edgar Online CFDS built on iFile Pilot iFile Deloitte awards iFile live at Saudi iFile goes live at Vice President of IRIS selected as part of contracts IRIS to for BSE / NSE , SEBI implementation for iXBRL conversion Arabia’s T
Slide 10: Our footprint
ABOUT US Our footprint 41 Countries 30+ XBRL Projects INVESTOR PRESENTATION 300+ XBRL Experts Millions of Filings IRIS BUSINESS SERVICES LIMITED 9
Slide 11: Marquee clientele
ABOUT US MARQUEE Clientele BUSINESS CENTRAL SECs & STOCK FILERS / OTHERS REGISTRIES BANKS EXCHANGES INVESTOR PRESENTATION IRIS BUSINESS SERVICES LIMITED 10
Slide 12: What we do for Regulators
OUR STORY What we do for Regulators The development of a taxonomy is the 1st We charge a one time fee Taxonomy Development step in any XBRL implementation, it is a with payment linked to consulting opportunity. milestones A software product to help the client Bundled with the larger Taxonomy editor
Slide 13: Regulator implementations
OUR STORY Regulator implementations BUSINESS REGISTRIES BFS REGULATORS CAPITAL MARKETS Malaysia India India Mauritius Jordan Jordan North Macedonia Kuwait Mauritius Qatar Malaysia Nepal Saudi Arabia Oman Qatar Singapore Qatar South Africa Saudi Arabia INVESTOR PRESENTATION Thailand South Africa Only
Slide 14: What is SaaS
What is SaaS Says Zinnov (2) Says McKinsey (1) What is SaaS The SaaS industry is well The global SaaS market is positioned to overtake the well- Software as a service (SaaS) is a expected to nearly double from $220B in 2020 to $540B by 2025 established IT Services industry by software licensing and
Slide 15: IT companies: software industry
IT companies Software Industry Software Services Software Products SaaS INVESTOR PRESENTATION TCS Oracle IRIS Infosys Microsoft Adobe Wipro Intellect Design Salesforce Accenture Zoho IRIS BUSINESS SERVICES LIMITED 14
Slide 16: Source of recurring revenues
OUR STORY Source of recurring revenues SAAS software to help enterprises IRISCARBON generate their compliance submissions Charges on a per use basis to the regulator Assisting filers create their compliance Charges on a per file basis, submissions. This service is utilised by Assisted services usual
Slide 17: IRIS Carbon: Our flagship product
OUR STORY IRIS Carbon: Our flagship product Capital Markets Business Registry Other Coming soon Numbers in South Africa US SEC CIPC USA FERC ESG bracket is TAM (6000 firms) (3000 firms) (1 mn firms) (100,000 firms) Europe ESMA UK HMRC CAFR (5000 firms) (1 mn firms) (1 mn filers) INVESTOR PRESENTATIO
Slide 18: Carbon users
OUR STORY Carbon users We selected IRIS CARBON for our ESEF new reporting obligations after reviewing several software providers in the marketplace. We found the IRIS CARBON solution compelling: a modular approach, a customer-oriented organization, a dynamic, Italy knowledgeable team and finally cos
Slide 19: What's going for us
What’s going for us ❖ #1 on quality in independent assessments ❖ Deep domain expertise of the experienced team in the consulting division to whom clients have access ❖ Beyond just one mandate : • Single platform for multiple mandates in the same country or in other geographies • Disclosure managemen
Slide 20: Growth strategies, growth focus
Growth Strategies, growth focus ❖ US - CAFR Reporting (state government), MSRB Reporting – over the ❖ Partner Led Growth: we have grown in the past few years through next 2 years solid partnerships, as well as direct sales. We will continue this approach in newer markets we enter into. ❖ US – The DA
Slide 21: Accolades
ACCOLADES ❖ IRIS CARBON® consistently tops the XBRL quality charts published by several independent quality evaluators, including XBRL Rankings published in the USA by XBRLogic (Click here to see the score) ❖ IRIS CARBON ® awarded with the Prestigious XBRL International Certification (Click here to
Slide 22: IRIS GST Product Stack
OUR STORY IRIS GST Product Stack API Gateway Tax Technology Ease of business Credit Decisions Logistics What (GSP) (ASP) (ASP) (ASP) (ASP) For whom Sis / Platforms Enterprise SMEs Financiers Transporters How APIs Portal, APIs, SFTP App, APIs Portal, APIs App, Portal, APIs Zircon: API Gateway Onyx: S
Slide 23: IRIS GST clients
OUR STORY IRIS GST clients When it comes to GST Filing, I know I can rely on IRIS GST. Filing monthly GST including the entire reconciliation process, wouldn’t have been easier without IRISGST. India We are quite pleased with the product and the support provided. While the solution in itself is well
Slide 24: iDeal
OUR STORY iDeal What Why Who • An XBRL authoring tool • Enables automation of • Banks & NBFCs in India, which enables automated reporting framework Mauritius structured data reporting • Secure in-house XBRL based • Solvency reporting in the EU from any organization's reporting solution • Bulk data h
Slide 25: iDeal Clients
OUR STORY iDeal Clients INVESTOR PRESENTATION Partner network Note: Client and partner logos used only for representation IRIS BUSINESS SERVICES LIMITED 24
Slide 26: Confidence in our future
Confidence in our future CORE COMPETENCE STRONG TEAM OF CREATED A PRODUCT- DEEP DOMAIN PRODUCTS ALREADY PROFESSIONALS WITH CENTRIC APPROACH KNOWLEDGE ACQUIRED DEMONSTRATED TECHNICAL AND DOMAIN WITH A ONETIME OVER THE YEARS ACCEPTABILITY WITH KNOWLEDGE DEVELOPMENT COST REFERENCEABLE CUSTOMERS • The a
Slide 27: Governance
Governance IRIS BUSINESS SERVICES LIMITED
Slide 28: The Founders
Governance The Founders S SWAMINATHAN K BALACHANDRAN DEEPTA RANGARAJAN CO-FOUNDER AND CEO CO-FOUNDER AND CFO CO-FOUNDER AND COO • M. A. (Economics) from Yale University, USA; B.Sc • MBA from Indian Institute of Management, Bangalore, • MBA from Indian Institute of Management, (Hons) from St Xaviers
Slide 29: Independent Directors
Governance Independent Directors Vinod Agarwala, Bhaswar Mukherjee Ashok Venkatramani Haseeb Drabu Independent Director Independent Director Independent Director Independent Director Chairman of the Board Chairman, Audit Committee Chairman, NRC Chairman, Committee on Risk Mr. Agarwala is an Advocate
Slide 30: Financial Performance
FINANCIAL Performance Consolidated IRIS BUSINESS SERVICES LIMITED
Slide 31: Consolidated Financial Highlights
FINANCIAL PERFORMANCE Consolidated Financial Highlights Revenue (₹ lakhs) EBITDA (₹ lakhs) PAT (₹ lakhs) 1,483 1,481 Q U A R T E R L Y 1,228 444 253 37 181 72 -101 Q2FY21 Q1FY22 Q2FY22 Q2FY21 Q1FY22 Q2FY22 Q2FY21 Q1FY22 Q2FY22 Revenue (₹ lakhs) EBITDA (₹ lakhs) PAT (₹ lakhs) INVESTOR PRESENTATION Y
Slide 32: Revenue Mix
FINANCIAL PERFORMANCE REVENUE Mix REVENUE MIX BY SEGMENT REVENUE MIX BY SEGMENT (₹ IN LAKHS) (IN %) Q2FY22 Q2FY21 H1 FY22 H1 FY21 Q2FY22 Q2FY21 H1 FY22 H1 FY21 Collect 608 480 1,089 1,182 Collect 41% 40% 41% 48% Create 780 656 1,437 1,133 Create 53% 54% 54% 46% Consume 78 75 153 132 Consume 5% 615 6
Slide 33: Income Statement
FINANCIAL PERFORMANCE INCOME Statement (₹ IN LAKHS) PARTICULARS Q2 FY22 Q1 FY22 Q2 FY21 H1 FY 22 H1 FY 21 Total Revenue* 1,481 1,228 1,483 2,709 2,461 Total Expenses 1,300 1,156 1,039 2,456 2,025 EBITDA 181 72 444 253 436 EBITDA Margin (%) 12.2% 5.8% 29.9% 9.3% 17.7% Finance Cost 24 22 38 45 76 Depr
Slide 34: Balance Sheet
FINANCIAL PERFORMANCE BALANCE Sheet (₹ IN LAKHS) As at As at As at As at PARTICULARS PARTICULARS 30.09.21 31 .03.21 30.09.21 31 .03.21 EQUITY AND LIABILITIES ASSETS Shareholders’ funds 2,639 2604 Non-Current Assets 1,969 2,201 (A) Share capital 1,922 1,892 (A) Property, Plant and Equipment 50 29 (B)
Slide 35: Thank You
THANK You For further information please contact: IRIS Business Services Limited Christensen Advisory Santoshkumar Sharma Diwakar Pingle Tel: +91-022-67231000 Tel: 022 4215 0210 Email: cs@irisbusiness.com Email: dpingle@christensenir.com
IRIS Business Services — Q2 FY22 Earnings Presentation on 6ix