Vakrangee Limited · NSE:VAKRANGEE
Vakrangee — FY2022-23 Earnings Presentation
39 slides from Vakrangee's earnings presentation, May 30, 2023
Slide 1: Cover letter to stock exchanges
Vakrangee Limited “Vakrangee Corporate House”, Plot No.93, Road No.16, M.I.D.C. Marol, Andheri (East), Mumbai - 400093. Maharashtra, W: www.vakrangee.in | L:+91 22 2850 3412/+91 22 6776 5100 F: +91 22 28502017 | CIN: L65990MH1990PLC056669`` May 30, 2023 To, Department of Corporate Relationship Corpo
Slide 2: Q4 & Full Year FY2022-23 Results Update
SAB KAAM EK DUKAAN “GO TO MARKET PLATFORM” : BUILDING INDIA’S LARGEST LAST MILE DISTRIBUTION PLATFORM VAKRANGEE LIMITED Q4 & FULL YEAR FY2022-23 RESULTS UPDATE May 30, 2023
Slide 3: Disclaimer
DISCLAIMER This presentation has been prepared by Vakrangee Limited (“Vakrangee” or “VL” or the “Company”) solely for your information and for your use and may not be taken away, reproduced, redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organ
Slide 4: Table of Contents
TABLE OF CONTENTS Demerger Update 04 Results Performance Update 08 Post Demerger Financials 14 Growth Targets : Vision 2030 19 Company Overview 21 Update on Sustainability ESG Initiatives 33 Update on Awards & Recognition 36 3
Slide 5: Demerger Update
Vakrangee J ’ DEMERGER UPDATE
Slide 6: Demerger Update
DEMERGER UPDATE • Demerger to unlock the potential of the Core Vakrangee kendra Business in the current Listed entity. BOARD DECISION ON DEMERGER: VAKRANGEE TO RESTRUCTURE ITS BUSINESS • Current Listed Entity “Vakrangee Limited” to consist of existing business of Vakrangee Kendra physical outlets as
Slide 7: Approved Demerger Structure
APPROVED DEMERGER STRUCTURE PRE-DEMERGER 1 2 POST- VL E-GOVERNANCE & IT VAKRANGEE LIMITED – SOLUTIONS BUSINESS DEMERGER CURRENT LISTED ENTITY DIVISION – TO BE LISTED ARRANGEMENT TO INCLUDE :- TO INCLUDE :- • VAKRANGEE KENDRA POST- • E-GOVERNANCE BUSINESS BUSINESS (PHYSICAL DEMERGER • IT/ITES BUSINES
Slide 8: Company's Journey So Far
COMPANY’S JOURNEY SO FAR PHASE 4: 2023 PHASE 1: 1990-2011 PHASE 2: 2012-2018 PHASE 3: 2019-2022 (POST DEMERGER) PHASE 2 : BUILDING PHASE 3 : NEXTGEN PHASE 4 : NEXTGEN PHASE 1 : EMERGED LEADER KENDRA BUSINESS ALONG VAKRANGEE KENDRA VAKRANGEE KENDRA & IN E-GOVERNANCE BUSINESS WITH E-GOVERNANCE BUSINES
Slide 9: Results Performance Update
RESULTS PERFORMANCE UPDATE 8
Slide 10: Results Performance Update (Post Demerger)
RESULTS PERFORMANCE UPDATE (POST DEMERGER) Key Highlights – Q4 FY2022-23 (Q-o-Q Basis) TOTAL INCOME EBITDA & EBITDA MARGIN PROFIT AFTER TAX (PAT) In Rs Mn In Rs Mn In Rs Mn 518.0 49.5 491.0 10.1% 40.6 8.0% 6.8 5.5% 1.3 423.1% Q3 FY2022-23 Q4 FY2022-23 Q3 FY2022-23 Q4 FY2022-23 Q3 FY2022-23 Q4 FY2022
Slide 11: Results Performance Update (Post Demerger)
RESULTS PERFORMANCE UPDATE (POST DEMERGER) • The Hon’ble National Company Law Tribunal (NCLT) has given the Final approval for the demerger of Vakrangee’s E-Governance & IT Solutions Business. • Post De-Merger Q4 FY2023 Results : • Q4 FY2023 : Revenue increases by 5.50% on QoQ basis, PAT increases b
Slide 12: Vakrangee Kendra – Performance Update
VAKRANGEE KENDRA – PERFORMANCE UPDATE Q4 FY2022-23: REVENUE & GROSS TRANSACTION VALUE CONTRIBUTION BREAK-UP Revenue Break Up Gross Transaction Value (GTV) 1% 23% 35% 64% 77% E-Commerce & Other Services ATM BFSI ATM BFSI Revenue from Operations : Rs. 509.4 mn Total Gross Transaction Value : Rs. 1,37,
Slide 13: Vakrangee Kendra – Performance Update
VAKRANGEE KENDRA - PERFORMANCE UPDATE VAKRANGEE : PHYSICAL + DIGITAL ECO-SYSTEM “GO TO MARKET PLATFORM” : BUILDING INDIA’S LARGEST LAST MILE DISTRIBUTION PLATFORM PERFORMANCE UPDATE FOR FY2022-23 Total No. of Outlets Presence in States/UTs Presence in districts Presence in Tier IV & VI Our Presence
Slide 14: Consolidated Financial Statements (Post Demerger)
CONSOLIDATED FINANCIAL STATEMENTS (POST DEMERGER) Key Profit & Loss Statement Items (Post Demerger) Particulars (Rs. Mn.) Q4 FY2022-23 Q3 FY2022-23 QoQ% FY2022-23 FY2021-22 YoY% Total Income 518.0 491.0 5.5 1,987.0 1,973.5 0.7 Total Expenses 511.2 481.7 6.1 1,960.2 1,910.6 2.6 EBIDTA 40.6 49.5 (18.0
Slide 15: Post Demerger Financials
Vakrangee POST DEMERGER FINANCIALS
Slide 16: Consolidated Financial Statements: FY2022-23
CONSOLIDATED FINANCIAL STATEMENTS (POST DEMERGER) Key Profit & Loss Statement Items (Post Demerger) : FY2022-23 S. Particulars For the quarter ended For the year No ended 30-Jun-22 30-Sep-22 31-Dec-22 31-Mar-23 31-Mar-23 (Un-Audited) (Un-Audited) (Un-Audited) (Audited) (Audited) (Rs. In Mn.) Restate
Slide 17: Consolidated Financial Statements: FY2021-22
CONSOLIDATED FINANCIAL STATEMENTS (POST DEMERGER) Key Profit & Loss Statement Items (Post Demerger) : FY2021-22 S.No. Particulars For the quarter ended For the year ended 30-Jun-21 30-Sep-21 31-Dec-21 31-Mar-22 31-Mar-22 (Un-Audited) (Un-Audited) (Un-Audited) (Audited) (Audited) (Rs. In Mn.) Restate
Slide 18: Consolidated Balance Sheet (Assets)
CONSOLIDATED BALANCE SHEET (POST DEMERGER) Particulars (Rs. in Mn.) As at March 31, 2023 As at March 31, 2022 (Audited) (Audited) Restated (1) (2) (3) I. ASSETS 1. Non-Current Assets (a) Property, plant and equipment 1,270.9 1,385.3 (b) Capital work-in-progress 34.7 19.7 (c) Intangible Assets - - (d
Slide 19: Consolidated Balance Sheet (Equity and Liabilities)
CONSOLIDATED BALANCE SHEET (POST DEMERGER) Particulars (Rs. in Mn.) As at March 31, 2023 As at March 31, 2022 (Audited) (Audited) Restated (1) (2) (3) II. EQUITY AND LIABILITIES 1. Equity (a) Equity share capital 1,059.5 1,059.5 (b) Other equity 179.0 219.7 Total Equity 1,238.5 1,279.2 2. Liabilitie
Slide 20: Growth Targets: Vision 2030
GROWTH TARGETS : VISION 2030 19
Slide 21: Growth Targets: Vision 2030
GROWTH TARGETS : VISION 2030 FY 2022-23 FY 2029-30 (E) NUMBER OF EXCLUSIVE DISTRICT LEVEL MASTER FARNCHISEES 234 764 NUMBER OF ACTIVE TRANSACTING OUTLETS 20,399 3,00,000 NUMBER OF ATM 6,324 15,000 REVENUE (IN RS. BN) ~US$ 24 MN US$ 1 BN GROSS TRANSACTION VALUE (IN RS. BN) US$ 6.2 BN US$ 75 BN DISTRI
Slide 22: Company Overview
Vakrangee J ’ COMPANY OVERVIEW
Slide 23: Vakrangee Kendra – Scope of Services
VAKRANGEE KENDRA – SCOPE OF SERVICES Banking , ATM & Insurance Financial Services / Fintech E-Commerce / Online Travel Tele Medicine / Pharmacy PAN INDIA PRESENCE : • 79% IN TIER 4-6 LOCATIONS PHYSICAL + DIGITAL • 5,159 POSTAL CODES ECO-SYSTEM • 566 DISTRICTS “GO TO MARKET PLATFORM” : BUILDING INDIA
Slide 24: Vakrangee Kendra – Scope of Services: BFSI & ATM
VAKRANGEE KENDRA – SCOPE OF SERVICES BFSI & ATM SERVICES • ATM Cash Withdrawal • Non-Financial Transactions (White Label ATM License) • Opening of Online Demat & Trading Account • Money Transfer • Lead Generations of Personal / Business Loans • Pan Card Service • CIBIL Score service • Life Insurance
Slide 25: Vakrangee Kendra – Scope of Services: Assisted E-Commerce
VAKRANGEE KENDRA – SCOPE OF SERVICES ASSISTED E-COMMERCE SERVICES • Online Shopping of Goods (Available only on BharatEasy Mobile Super App) • Telemedicine services • Online Shopping of Medicines • Mobile/DTH Recharge • Bill Payments • E-Mitra services in Rajasthan (Only for Rajasthan) • Train Ticke
Slide 26: Vakrangee Kendra Model: New Look & Feel
VAKRANGEE KENDRA (VK) MODEL : NEW LOOK & FEEL MODEL 1 : VK WITH ATM WITH MODEL 2 : VK WITHOUT ATM MODEL 3 : VK WITHOUT ATM MODEL 4 : ONLY ATM PRIVATE BANK BC POINT WITH PSU BANK BC POINT WITH PRIVATE BANK BC POINT Min Area required 65-80 sq. ft. Min Area required 25-30 sq. ft. Key Features : Key Fea
Slide 27: Vakrangee Kendra – Key Features
VAKRANGEE KENDRA - KEY FEATURES KEY FEATURES • Exclusive Banking BC Point Outlet STORE EXCLUSIVITY & • Exclusive Outlet for ATM and all other services • Standardized Customer experience with same service level CONSISTENT experience BRANDING • Uniform and Consistent Branding for Higher brand recall a
Slide 28: Huge Untapped Market: Overall Market Potential
HUGE UNTAPPED MARKET: OVERALL MARKET POTENTIAL POPULATION 1.35 BILLION POLLING STATIONS 1 MILLION TOTAL NO OF VILLAGES 6,63,027 TOTAL NO OF GRAM PANCHAYAT 2,55,623 TOTAL NO OF URBAN WARDS 88,711 TOTAL DISTRICTS 764 TOTAL OUTLET POTENTIAL 3,44,334 27
Slide 29: Update on Master Franchisee Initiatives
UPDATE ON MASTER FRANCHISEE INITIATIVES • LAUNCH OF NEW ATTRACTIVE MASTER FRANCHISEE SCHEME : A UNIQUE LIFETIME EARNING OPPORTUNITY WHEREBY THE MASTER FRANCHISEE IS ELIGIBLE TO EARN A % OF ACTIVE FRANCHISEE’S EARNINGS ON A ON- GOING PERPETUAL BASIS • DISTRICT LEVEL MASTER FRANCHISEE BEING APPOINTED.
Slide 30: Update on Master Franchisee Initiatives
UPDATE ON MASTER FRANCHISEE INITIATIVES • APPOINTED MASTER FRANCHISEES IN 234 DISTRICTS ACROSS 27 STATES ACROSS THE COUNTRY*. Plan to achieve • MASTER FRANCHISEE TO PROVIDE ON-GROUND OPERATIONAL SUPPORT TO THE 100% District EXISTING FRANCHISEE OUTLETS AS WELL AS DRIVE NEW FRANCHISEE ACQUISITION. cov
Slide 31: Update on BharatEasy Mobile Super App
UPDATE ON BHARATEASY MOBILE SUPER APP • Vakrangee is launching an online digital platform to enable seamless services for the consumer at the comfort of their homes. Through this, company has evolved into the unique O2O (Online to Offline) platform, whereby there is Assistance available through the
Slide 32: Business Model: Our Unique Offering
BUSINESS MODEL : OUR UNIQUE OFFERING Customer Strong Value Proposition • All in One Super App Platform • Access to Physical Store network - Trust & Comfort for Customers especially in Rural India Unique Convenience Features : Leveraging the Vakrangee Eco-System • Store Pick Up Facility • Pay at Stor
Slide 33: Long Term Sustainable & Profitable Business Model
Vakrangee Kendra : Long Term Sustainable & Profitable Business Model • With the development of the Digital Economy, India is fastly moving towards Digital Payment Mechanisms and Emerging as a Cashless Society. • With the fast pace of digital payment penetration, Cash transactions such as ATM & Banki
Slide 34: Update on Sustainability ESG Initiatives
UPDATE ON SUSTAINABILITY ESG INITIATIVES 33
Slide 35: Sustainability ESG Performance Update
SUSTAINABILITY ESG PERFORMANCE UPDATE VAKRANGEE ESG PERFORMANCE UPDATE VAKRANGEE RECOGNIZED AS A ESG VAKRANGEE EARNS BRONZE CLASS SPOT GLOBAL 50 TOP RATED COMPANY BY IN SUSTAINABILITY YEARBOOK 2022 BY SUSTAINALYTICS S&P GLOBAL • In 2022, Vakrangee has been recognized by • Vakrangee Limited has been
Slide 36: Key Initiatives: Sustainability Impact & ESG
KEY INITIATIVES : SUSTAINABILITY IMPACT & ESG Being Responsible • Being one of the largest franchisee-based, multi-service retail network, Vakrangee is focused on creating India’s extensive network of last-mile retail outlets at every & Social Conscious postal code in the country, enabling Indians t
Slide 37: Update on Awards & Recognition
UPDATE ON AWARDS & RECOGNITION 36
Slide 38: Awards & Recognition
AWARDS & RECOGNITION ▪ Vakrangee makes history by setting GUINNESS WORLD ▪ Vakrangee has been ▪ Vakrangee has been awarded ▪ Vakrangee Limited proudly RECORDSTM title for the Most awarded as the best 'ESG Performance Award in announces its nomination in stores launched ‘FINANCIAL SERVICES Financial
Slide 39: Thank You
Vakrangee J ’ Thank You