Blackbuck Ltd · NSE:BLACKBUCK
Blackbuck — Q2 FY2025 Earnings Presentation
15 slides from Blackbuck's earnings presentation, Dec 13, 2024
Slide 1: Exchange filing cover letter for investor presentation
` Ref: BLACKBUCK/CORP/2024-25/19 December 13, 2024 To To National Stock Exchange of India Ltd., BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Dalal Street Bandra (E), Mumbai – 400051 Mumbai – 400001 Scrip Code: 544288, Scrip Symbol: BLACKBUCK, Series – EQ I
Slide 2: Q2'25 Earnings Presentation
Q2’25 Earnings Presentation
Slide 3: Snapshot of Q2'25
Snapshot of Q2’25 ₹ 104.27 Cr. ₹ 95.36 Cr. ₹ 24.64 Cr. Revenues1 Contribution Margin2 Adjusted EBIDTA3 ▲ 54.05% YoY ▲ 55.57% YoY ▲ +29.74 Cr. YoY 6,99,206 3,29,550 5269 Cr. Transacting Customers Users (>2 Services) GTV Payments ▲ 22.32% YoY ▲ 32.73% YoY ▲ 31.84% YoY Strong profitable growth, while c
Slide 4: Trucking industry overview
Trucking industry overview $170-175 Bn Industry 75% trucks owned by small 3.5 Mn Truck Owners operators (<5 Trucks) 8-9% CAGR 12.5 Mn Trucks Cash Leakages Lower Accessibility Lower Accessibility leading to higher Ineffective Ineffective costs Monitoring Monitoring Financing Payments Maintenance Truc
Slide 5: Our Strategy
Our Strategy 86.42% of Revenues Offerings Tolling Vehicle Fuel Vehicle Loads Brokerage Fuel Fleet Docs + Pipeline Tracking Payments Finance Platform Platform Sensor … BlackBuck Platform 6,99,206 x 41 Mins Transacting Customers Daily App Usage Truck Operator’s Lifecycle 9374+ 80%+ Distribution Physic
Slide 6: Operational Metrics
Operational Metrics KEY METRICS Q2’25 Q2’24 YoY H1’25 H1’24 YoY Average monthly transacting truck operators Units 699,206 571,606 22.32% 693,600 564,022 22.97% Monthly transacting users using at least two services Units 329,550 248,289 32.73% 325,945 242,124 34.62% Time spent on App Daily by Transac
Slide 7: Key Highlights
Key Highlights • BlackBuck continued its strong performance with the overall revenues of the company growing YoY by 54% in Q2’25 and 53% in H1’25 • The core businesses (Tolling and Vehicle tracking solutions) which contribute to majority revenues continued its growth momentum and delivered a YoY gro
Slide 8: Operating leverage at play
Operating leverage at play YoY Q2’ 25 Q2’ 24 ▲Change Drivers for Operating Leverage Revenues (₹ Cr.) 104.27 67.68 +36.59 81% Adj. EBIDTA (₹ Cr.) 24.64 (5.10) +29.74 Recurring Revenues High Contribution Margin QoQ Q2’ 25 Q1’ 25 ▲Change Strong User Retention Revenues (₹ Cr.) 104.27 98.33 +5.94 Asset l
Slide 9: P&L Snapshot
P&L Snapshot KEY METRICS Q2’25 Q2’24 YoY H1’25 H1’24 YoY Revenue from Operations ₹ in Cr. 98.77 63.37 55.88% 190.86 122.83 55.38% Other Income ₹ in Cr. 5.49 4.32 27.23% 11.69 9.21 26.89% Total Income1 ₹ in Cr. 104.27 67.68 54.05% 202.55 132.04 53.40% Direct Costs ₹ in Cr. 8.9 6.38 39.43% 15.52 12.13
Slide 10: Walkthrough from PAT to Adjusted EBIDTA
Walkthrough from PAT to Adjusted EBIDTA KEY METRICS Q2’25 Q2’24 YoY H1’25 H1’24 YoY Profit / (Loss) after Tax ₹ in Cr. -269.46 -47.67 - -240.79 -83.61 - Less: Profit/ (Loss) from discontinued operations ₹ in Cr. 38.92 -7.97 588.29% 35.21 -10.59 432.46% Add: Exceptional items ₹ in Cr. 320.74 - - 295.
Slide 11: Cashflow
Cashflow PARTICULARS H1’25 H1’24 Profit/(Loss) before Tax ₹ in Cr. -240.61 -83.58 Operating Adjustments: Exceptional Item ₹ in Cr. 320.74 - Employee Share-based payments ₹ in Cr. 7.99 41.34 Profit on sale of Contract Freight Business ₹ in Cr. -40.83 - (Gain)/ loss on settlement of Right to Subscribe
Slide 12: Appendix
Appendix 11
Slide 13: Promoter led Management team and an experienced board
Promoter led Management team and an experienced board Rajesh Yabaji Chanakya Hridaya Ramasubramanian B Satyakam GN Thejasvi Bhat Manish Singh Chairman, MD & CEO Executive Director Executive Director Chief Financial Officer Chief Technology Officer Chief Product Officer & COO & Head - New Initiatives
Slide 14: Our Offerings, revenue model & scale
Our Offerings, revenue model & scale LOADS VEHICLE PAYMENTS TELEMATICS MARKETPLACE FINANCING LISTING OFFERINGS TOLLING GPS MARKETPLACE USED VEHICLE FINANCING FUEL FREIGHT FUELING SENSOR BROKERAGE REVENUE MODEL ● Commission margin ● Subscription fee from ● Subscription fee from ● Interest Income, Fee
Slide 15: Targeting a market size of USD 18Bn+ net revenues
Targeting a market size of USD 18Bn+ net revenues Revenue Contribution: 94.58% (FY 24) LOADS VEHICLE PAYMENTS TELEMATICS MARKETPLACE FINANCING LISTING OFFERINGS TOLLING GPS MARKETPLACE USED VEHICLE FINANCING FUEL FREIGHT FUELING SENSOR BROKERAGE REVENUE POOL1 USD 850-910 Mn USD 740-790 Mn USD 5-20 B