Slide 1: Cover letter to stock exchanges
July 24, 2019 The General Manager The Manager Department of Corporate Services, Department of Corporate Services, BSE Limited, National Stock Exchange of India 1st Floor, New Trading Ring, Limited Rotunda Building, Phiroze Jeejeebhoy Exchange Plaza, Bandra- Kundra Towers, Dalal Street, Complex, Band
Slide 2: Earnings Update Q1'FY20
Earnings Update Q1’FY20 24th July 2019
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Quess Corp Limited (“Company") solely for information purposes without any regard to any specific objectives, financial situations or informational needs of any particular person. This presentation may not be copied, distributed or disseminated, dire
Slide 4: Index
Index: 1. Q1’FY20 – Quarter Highlights 2. Key Updates 3. Transition to Platform Focused Approach 4. Financial Updates 5. Platform Updates
Slide 5: Q1'FY20 – Quarter Highlights
Q1’FY20 – Quarter Highlights Strong Sales Wins • The Company added a total of 106 clients in Q1’FY20 across Workforce Management (71), Operational Asset Management (13), Tech Services (22) aggregating to a TCV of over Rs. 2,500Cr Steady Headcount • Headcount grew by 39,000 in Q1’FY20 from 318k to 35
Slide 6: Key Updates
Key Updates Key Areas Status Management Response Next Steps Ahmedabad • The Project is ~ 85% complete and the • An amount of Rs. 7.6Cr has been received into the Escrow • Senior Management team Smart City Project Field Acceptance Testing (FAT) is Account as of July 2019. The Company is in discussion
Slide 7: Key Updates
Key Updates Key Areas Status Management Response Next Steps Loans to • Loans to related parties stood at Rs. • We have appointed one of the Big 4 accounting firms to The Company is expected to Subsidiaries/ 396Cr as on March 2019 (including Rs. suggest a roadmap for streamlining all inter company
Slide 8: Transition to a Platform Focused Approach
Transition to a Platform Focused Approach
Slide 9: Change in Structure: Segment to Platform Focus
Change in Structure: Segment to Platform Focus Old Structure: Segment Focus New Structure: Platform Focus People & Technology Facilities Industrials Internet Services Solutions Mgmt. General Professional Industrials Facilities Internet Operating Asset Staffing Staffing (O&M) Mgmt. Workforce Manageme
Slide 10: The New Platform Structure
The New Platform Structure • Facilities Management • General Staffing • Industrial Assets • Professional Staffing • Telecom Assets • Training & Skill Development • Security Services Workforce Operating Asset Management Management Tech Services • BPM • IT Services • Break-Fix Services • Internet 9
Slide 11: Financial Updates
BETTER TOGETHER Financial Updates
Slide 12: Performance Summary (Q1 FY20 YoY)
Performance Summary (Q1 FY20 YoY) Performance Summary (with IndAS 116 impact)* 44% 3.7 36% 357K** 22% YoY EBITDA Growth Headcount up from YoY Revenue Growth EPS compared to OCF/EBIDTA Up from 21% Rs. 147Cr from 3.7 32% 272K in Q1FY19 Organic Growth Rs. 102Cr YoY YoY Operational Performance Summary 1
Slide 13: Key Statistics – Operational Performance
Key Statistics – Operational Performance (without IND AS 116) (1) YoY Comparison Q1’FY20 Q1’FY19 QoQ Comparison Q1’FY20 Q4’FY19 Headcount(2) 357K 272K Headcount(1) 357K 318K +31% +12% Revenue 2,395 1,968 Revenue 2,395 2,295 +22% +4% EBITDA 120 102 EBITDA 120 132 +17% -9% EBITDA Margin 5.02% 5.21% EB
Slide 14: Income Statement
Income Statement Var % Key Highlights Particulars Q1FY20 Q1FY19 Q4 FY19 YoY QoQ • Gross Revenue: Revenue from operations 2,395 1,968 2,295 22% 4% • Up 22% YoY, of which 21% was organic. Less: Employee benefit expense (1,934) (1,549) (1,821) 25% 6% • Up 4% sequential, of which 3% was organic. Cost of
Slide 15: Impact Of Non Cash & Non-operating Items on P&L
Impact Of Non Cash & Non-operating Items on P&L Amortization of Customer Related Intangible Assets Impact of Non controlling Interest option • All our acquired businesses are : • Quess has an obligation to acquire balance equity shares in a. Asset light with low NAV. subsidiaries such as Conneqt, Ve
Slide 16: Platform Updates
BETTER TOGETHER Platform Updates
Slide 17: Workforce Management - Business Update
Workforce Management - Business Update YoY (in Rs. Cr) Revenue EBITDA QoQ (in Rs. Cr) Revenue EBITDA Q1’ 20 1,487 89 Q1’ 20 1,487 89 Q1’ 19 1,148 68 Q4’ 19 1,394 95 Change (%) 30% 32% Change (%) 7% -6% Excelus has received a contract of Rs. 31Cr for training 31,000 students under PMKVY* which will b
Slide 18: Operating Asset Management - Business Update
Operating Asset Management- Business Update YoY (in Rs. Cr) Revenue EBITDA QoQ (in Rs. Cr) Revenue EBITDA Q1’ 20 427 32 Q1’ 20 427 32 Q1’ 19 398 30 Q4’ 19 438 36 Change (%) 7% 8% Change (%) -3% -12% 13+ logo additions during the quarter with clientele in Ecommerce, Insurance, Financial Services, Hea
Slide 19: Tech Services - Business Update
Tech Services - Business Update YoY (in Rs. Cr) Revenue EBITDA QoQ (in Rs. Cr) Revenue EBITDA Q1’ 20 480 46 Q1’ 20 480 46 Q1’ 19 422 22 Q4’ 19 462 20 Change (%) 14% 112% Change (%) 4% 133% Allsec reported revenues of Rs. 67.4Cr and EBITDA of Rs 18.8Cr for Q1’FY20 with an improved margin of 27.9%. Th
Slide 20: Previous Reporting: Based on Segment Structure
Previous Reporting: Based on Segment Structure Quarter Quarter Quarter Quarter Quarter Full Year Particulars (in INR Cr) Q1 FY20 Q4 FY19 Q3 FY19 Q2 FY19 Q1 FY19 FY2019 People Services Revenue 1,193 1,107 991 913 869 3,880 EBITDA 74 61 52 47 44 204 EBITDA Margin 6.2% 5.5% 5.2% 5.1% 5.1% 5.2% Technolo
Slide 21: New Reporting: Based on Platform Structure
New Reporting: Based on Platform Structure Quarter Quarter Quarter Quarter Quarter Full Year Particulars (in INR Cr) Q1 FY20 Q4 FY19 Q3 FY19 Q2 FY19 Q1 FY19 FY2019 Workforce Management Platform Revenue 1,487 1,394 1,285 1,208 1,148 5,035 EBITDA 89 95 77 69 68 309 EBITDA Margin 6.0% 6.8% 6.0% 5.7% 5.
Slide 22: Thank You
THANK YOU Quess Corp Limited 3/3/2, Bellandur Gate, Sarjapur Road, Bangalore – 560095, Karnataka, India │ www.quesscorp.com