Zaggle Prepaid Ocean Services Limited · NSE:ZAGGLE
Zaggle Prepaid Ocean Services — Q2 FY2025 Earnings Presentation
33 slides from Zaggle Prepaid Ocean Services's earnings presentation, Nov 13, 2024
Slide 1: Exchange filing cover letter
ZAGGLE/24-25/107 November 13, 2024 To To Listing Department The Corporate Relations Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No C/1, G Block Phiroz Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), 25th Floor, Dalal Street, Mumbai -400 051, Maharasht
Slide 2: Investor Presentation
Investor Presentation Zaggle Prepaid Ocean Services Limited November 2024 1
Slide 3: Safe harbor
Safe harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Zaggle Prepaid Ocean Services Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
Slide 4: From the Founder's desk
From the Founder’s desk… “I am delighted to share that we continue to deliver exceptional results, achieving another remarkable quarter with a topline of Rs. ₹ 3,025.6 Mn, an Adjusted EBITDA of Rs. 295.2 Mn, and a PAT of Rs. 185.6 Mn. This outstanding performance highlights the strength of our scale
Slide 5: Our journey since IPO last year
Our journey since IPO last year Key Operational 3200+ 3 Mn+ 50 Mn+ ~400 Parameters Customers Users Cards Employees Product Strong revenue International Zatix Fleet Program Development growth in Zoyer payments (Zip) Key Partnerships Working with 14 Mobileware Key Strategic Riya Travels, banks includi
Slide 6: What we do
@ Zaggle® What we do
Slide 7: Zaggle: #1 Spend management company in India
Zaggle: #1 Spend management company in India What we have built SaaS Fintech 3,200+ 3.0 Mn+ Corporates Users ` ( < 1.5% Churn) Sales Commission Channel Management Sales Sales Fleet 50 Mn+ Partner / Corporate Cards issued Spends Need #1 Prepaid Card Multilingual GDPR Products are issuer in country in
Slide 8: Comprehensive monetization with strong network effect
… with strong network effect Key Partners Banking Partners Network Partners Partners VAS Partners Tata Securities Banking licenses & Pmt. instrument Resell Zaggle Key customers Comprehensive Monetization Sell software Monetize GTV Partners - Program fees Users / deals Business - SaaS fees for softwa
Slide 9: Omni channel offerings
Omni channel offerings Offering a combination of payment instruments, mobile application and API integrations Co – Branded Zaggle App to Cards Manage Spends with Banks Omni Channel Multiple Offerings Dashboard to Banks & manage network reporting & partners analytics Note: The Brand Names and Logos m
Slide 10: Innovative product offerings
Innovative product offerings Comprehensive suite of products for a large & growing addressable market Rewards & recognition platform Channel rewards and Employee expense incentives management & benefits Employee rewards and Expense Management recognition Embedded-finance Employee Reimbursements Inte
Slide 11: Supercharging Channel Partner Performance
– Supercharging Channel Partner Performance Key Features Seamless Partner Onboarding Scheme Management Campaign Management - QR Scan & Earn, Scratch & Win Metric-Based Incentive Computation Lead Management Payments / Redemption Solutions Revenue Streams Leaderboards and Achievements Prepaid Cards In
Slide 12: Digitize Employee Expense, Reimbursements & Benefits
– Digitize Employee Expense, Reimbursements & Benefits Key Features Automatic Expense Reporting Mobile-First Experience (Intuitive App with Smart OCR) Seamless Transaction Reconciliation against Scanned Receipts Set Up Policies & Limits Easily Consolidated Statement for the Admin and Individual stat
Slide 13: Digitized Vendor Procure-to-Pay Solutions
– Digitized Vendor Procure-to-Pay Solutions Key Features Seamless Petty Cash Management Through The Mobile App & Corporate Credit/Prepaid Card Consolidated Statement for The Admin and Individual Statement for Every User Multiple Billing Cycles to Match Corporate Expense Management Requirements Contr
Slide 14: Recent innovations
Recent innovations Zaggle Fleet Management International Payments (ZIP) Intelligent Spend Analytics Platform Managing Fleet Expenses Efficiently Simplifying Global Transactions Newly launched analytics platform, designed to Fleet program offers a spend management ZIP ensures seamless international p
Slide 15: Way forward
Way forward Inorganic Expansion Geographical Diversification Build capabilities around Expand Zaggle’s suite of North America, APAC and MENA through tie ups EBITDA Accretive facilitated by network partner business ecosystem solutions Regulated play Product accretive Build vs Buy Financial products a
Slide 16: Seasoned management team and board (1/2)
Seasoned management team and board (1/2) Leadership Dr. Raj P Narayanam Avinash Ramesh Godkhindi Founder and Executive Chairman Managing Director and CEO • Founded Zaggle in 2011 with a vision to simplify corporate • Leading Zaggle’s growth ; Served on the board of the company since spends 2012 • Co
Slide 17: Seasoned management team and board (2/2)
Seasoned management team and board (2/2) Board of Directors Abhay Deshpande Raosaheb Independent Director • 20+ years of experience in Financial banking • Directorships: Rapidue Technologies, • Co-founder of Martjack which he exited post • PhD Economics and engineering from the Payswiff Technologies
Slide 18: Zaggle in a nutshell
Zaggle in a nutshell Seasoned management team Seasoned Multi-product SaaS based platform with a and board team strategy comprehensive product stack Robust Revenues from operations in Technology financial In-house technology with strong H1’25 have grown y-o-y at 83.3% and metrics network effect with
Slide 19: Performance Highlights
Performance Highlights 18 18
Slide 20: Recent strategic alliances/ customers wins for growth
Recent strategic alliances/ customers wins for growth Contract brief Duration Baroda BNP Paribas Asset Management Employee Expense management and Employee benefits Perpetual India Private Limited Blue Star Ltd. Employee Expense management and Employee benefits 1 Year Recur Club (Founderlink Technolo
Slide 21: Quarterly financial highlights
Quarterly financial highlights Revenue from operations (₹ Mn) Gross Profit (₹ Mn) 83.3% 115.9% 64.2% 5,548 100.5% 2,824 3,026 1,406 3,027 1,842 1,308 702 Q2FY24 Q2FY25 H1FY24 H1FY25 Q2FY24 Q2FY25 H1FY24 H1FY25 Adjusted EBITDA (₹ Mn) Reported EBITDA (₹ Mn)* Cash PAT (₹ Mn) 55.0% PAT + Depreciation &
Slide 22: Key operational performance indicators
Key operational performance indicators Total customers catered to (number) Aggregate users on the platform (million) 17.6% 20.2% 3,213 3.03 2,732 2.52 KPIs H1FY24 H1FY25 H1FY24 H1FY25 Software Fees Program fees Propel platform revenue 48.7% 162.0% 2,848 15.6% 2,531 Revenue +31.2% 1,915 +159.5% Mix 1
Slide 23: Highest ever performance across metrices
Highest ever performance across metrices ₹ 3,025.6 Mn ₹ 295.2 Mn ₹ 185.6 Mn ₹ 238.2 Mn Q2 FY25 YoY + 64.2% YoY + 35.8% YoY + 144.7% YoY + 42.6% ₹ 5,547.6 Mn ₹ 551.0 Mn ₹ 352.8 Mn ₹ 458.2 Mn H1FY25 YoY + 83.3% YoY + 55.0% YoY + 266.0% YoY + 72.2% Revenue from Adjusted EBITDA PAT Cash PAT operations (
Slide 24: Quarterly revenue contribution
Quarterly revenue contribution Sample box Q3 & Q4 are higher revenue quarters in the business Contribution to annual 16.0% 23.5% 26.7% 33.8% 15.3% 23.8% 25.7% 35.2% revenues 3,026 2,734 2,522 Revenue from operations 1,995 (₹ Mn) 1,869 1,842 1,476 1,303 1,185 886 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2
Slide 25: Profit and loss statement
Profit and loss statement Particulars (₹ Million, unless stated otherwise) Q2FY25 Q2FY24 YoY Q1FY25 QoQ H1FY25 H1FY24 YoY FY24 Q2FY25 – Key Highlights Revenue from operations 3,025.6 1,842.4 64.2% 2,522.1 20.0% 5,547.6 3,027.2 83.3% 7,756.0 • The YoY growth in the topline is Cost of point redemption
Slide 26: Balance sheet
Balance sheet Period ending Year ending Period ending Year ending Particulars (₹ Million) Particulars (₹ Million) Sept’ 24 March 24 Sept’ 24 March 24 ASSETS EQUITY Non-current assets Equity share capital 122.61 122.48 Property, plant and equipment 368.67 25.33 Other equity 6,052.58 5,631.34 Q2FY25 –
Slide 27: Historical financials
@ Zaggle® Historical financials
Slide 28: Historical financial and operating metrics
Historical financial and operating metrics Corporate customers Aggregate users (1) (Mn) Revenue from operations (₹ Mn) 2.73 3,016 7,756.0 2.27 2,411 5,534.6 1.72 1,753 3,712.6 1,092 0.90 2,399.7 FY2021 FY2022 FY2023 FY2024 FY2021 FY2022 FY2023 FY2024 FY2021 FY2022 FY2023 FY2024 Adjusted EBITDA & EBI
Slide 29: Historical balance sheet
Historical balance sheet Particulars FY24 FY23 FY22 FY21 Particulars FY24 FY23 FY22 FY21 EQUITY AND LIABILITIES ASSETS Equity Non-current assets Equity share capital 122.49 92.22 1.80 1.80 Property, plant and equipment 25.32 23.48 19.77 9.51 Other equity 5,631.33 395.29 -37.38 -457.31 Right-of-use a
Slide 30: Historical profit and loss statement
Historical profit and loss statement Particulars (₹ Million, unless stated otherwise) FY24 FY23 FY22 FY21 Revenue from operations 7,756.0 5,534.6 3,712.5 2,399.6 Gross Profit 3,946.5 2,328.3 2,259.6 2,087.8 Gross Profit Margin 50.9% 42.0% 60.8% 87.0% Employee benefits expense 363.1 291.7 154.3 124.6
Slide 31: Annexure
@ Zaggle® Annexure
Slide 32: Key awards, accreditations and recognitions
Key awards, accreditations and recognitions International Startup Festival: BW Businessworld Businessworld Festival Festival of of BW Businessworld Festival of Govt of Telangana: Recognized BW 11th Payments Industry Lifetime Achievement Award to Fintech Conclave Awards: Fintech Conclave Awards: Prid
Slide 33: Thank you
Thank you Company Zaggle Prepaid Ocean Services Limited CIN: L65999TG2011PLC074795 Hari Priya, Company Secretary & Compliance Officer Email id: Investor.Relations@zaggle.in Investor Relations Advisor Strategic Growth Advisors Pvt Ltd. CIN: U74140MH2010PTC204285 Shikha Puri / Riddhish Bhayani Email i
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