Cms Info Systems Ltd. · NSE:CMSINFO
Cms Info Systems — Q1 FY24 Earnings Presentation
31 slides from Cms Info Systems's earnings presentation, Jul 24, 2023
Slide 1: Regulation 30 intimation cover letter to stock exchanges
CMSINFO/2307/008 July 24, 2023 To BSE Limited National Stock Exchange of India Limited Listing Department, Exchange Plaza, C-1, Block-G, Bandra Kurla 1st Floor, PJ Towers, Dalal Street, Complex, Bandra (East), Mumbai – 400 051 Fort, Mumbai – 400 001 Symbol: CMSINFO Scrip Code: 543441 Sub: Intimation
Slide 2: Earnings Presentation Q1-FY24
Earnings Presentation Q1-FY24
Slide 3: Company Overview
CMS. Connecting Commerce COMPANY OVERVIEW ACCELERATING TRANSFOR
Slide 4: Leading Business Services Company Catering To BFSI & Retail Sector
Leading Business Services Company Catering To BFSI & Retail Sector Logistics Services Product Solutions Tech Outsourcing Services ATM Cash Retail Cash Cash in Bank Automation ATM Managed Card Mgmt. Software Remote Management Management Transit (CIT) Solutions Services Solutions Solutions Monitoring
Slide 5: Offering End-to-End One Stop Solutions
Offering End-to-End One Stop Solutions Key Business Verticals Financial Highlights (INR Mn) Cash Management • End-to-end ATM replenishment – inclusive of cash withdrawal, ATM replenishment, cash 19,147 evacuation and deposition for BNA/recyclers, day-end reporting, reconciliation and 15,897 28.85% s
Slide 6: CMS' Presence Across The Cash Value Chain
CMS’ Presence Across The Cash CMS’ Presence Across The Cash Value Chain Embedded into the clients' systems and process while offering a wide range of services at different stages of the cash cycle Value Chain Branch 1 2 ATM 3 1 Cash-in-transit services to the banks that run currency chests 1 ATM cas
Slide 7: Our Journey: Transforming into a Business Services Platform
600 Our Journey: Transforming into a Business Services Platform EBITDA* (Crs) CMS Timeline Revenue: ₹ 1,915 Cr Adj. PAT Margin : 15.9% 500 9x Revenue 400 growth 300 11x EBITDA growth 200 Revenue: ₹ 216 Cr Adj. PAT Margin: 10.5% 100 Restructure Growth Resilience Accelerated expansion 0 2008-09 2011-1
Slide 8: Highly Qualified Management With A Diverse Board And Strong Governance
Highly Qualified Management With A Diverse Board And Strong Governance Shyamala Gopinath Tapan Ray Ms. Manju Agarwal Krzysztof Jamroz MD & Group CEO of Gift City Experienced Ex-DeputyRBI Governor of Executive Chairman at Roadrunner Directors Sayali Karanjkar Jimmy Mahtani Ashish Agrawal Non-Executiv
Slide 9: Leader In Cash Logistics Services In India
Leader In Cash Logistics Services In India ATM Cash Retail Cash Management Cash-in-Transit (CIT) and Management (RCM) Emerging Businesses #1 Player #1 Player #1 Player 36% market share(1) 26% market share(1) Cash Logistics Revenue Cash Logistics EBIT & EBIT Margin (INR Mn) 13,263 (INR Mn) 11,108 3,3
Slide 10: Route Based Logistics With Extensive Distribution Across India
Route Based Logistics With Extensive Distribution Across India Deep entrenchment to India’s hinterland, Logistical planning and Route productivity are fundamental to CMS’ successful track record Cash Cash Management Operations Management OperationsCycleCycle 97% coverage pan-India including remote a
Slide 11: Our Cash Logistics Network
Our Cash Logistics Network World class scale, quality and risk management • Revenue model linked to # of visits per ATM (<2% variance) ATM • Annuity revenue model, >90% fixed • 72,000+ ATMs, Replenished every alternate day, Avg. ₹ 1.4 Cr / ATM per month • Partner with Transaction banking to offer tr
Slide 12: One Of The Few Integrated Players In India With A Strong Technology Edge
One Of The Few Integrated Players In India With A Strong Technology Edge Banking Automation Software Solutions AI based Remote Monitoring ATM As-a-Service Solutions #1 in ATM #1 in ATM Managed Services Revenue Managed Services EBIT & EBIT Margin (INR Mn) (INR Mn) 6,111 1,211 4,896 19.8% 18.7% 3,641
Slide 13: India is the world's 3rd largest ATM market
India is the worlds 3rd largest ATM market Banking ALGO • MVS – Unified & dynamic Automation • ATMs, Currency recyclers, Self- Software interface and management service kiosks • ATM access security software • 1:2 branch to ATM ratio • SaaS-like business model • Product sale + 7-10 yr maintenance rev
Slide 14: The CMS Edge
The CMS Edge The CMS Edge An integrated, tech-led pan India business platform serving India's cash eco-system Leadership position across most segments, backed by operation excellence and robust financials Longstanding customer relationships leading to increased business opportunities Multi-year recu
Slide 15: Favourable macro-economic and industry trends
Favourable macro-economic and industry trends Fastest growing large economy: 6.1% avg. growth forecast next 5 years Growth in domestic consumption: drives 2/3rd of GDP Banks at the center of growing economy: in expansion mode Retail growth to fuel consumption Cash based payments have a large share i
Slide 16: Mid-term growth drivers
Mid-term growth drivers Cash • 100,000 ATMs yet to be outsourced for Cash Mgmt. Logistics • Growth in organised retail; Direct2Retail and Cash-X solutions • PSU banking refresh cycle: 80,000+ ATM refresh cycle ATM Managed • Pvt. Sector branch expansion: 20,000+ new ATMs Services • Total outsourcing
Slide 17: Market Growth: Higher outsourcing create a large TAM Opportunity
Market Growth: Higher outsourcing create a large TAM Opportunity INR Crore 2.6x ₹ 22,000 Cr CAGR** BFSI Remote 3,000 25% Monitoring 11,620 ATM-as-a- 17% Service ₹ 8,500 Cr 4,600 Banking 19% 6,200-6,500 Automation 4,570 1,800-2,000 Cash 1,650 7,900 19% Logistics 2,730 3,500-3,700 FY21 FY27 Total TAM
Slide 18: Our Playbook: Accelerating growth & market expansion
Our Playbook: Accelerating growth & market expansion Lowest unit economics Establish right-to- Scale & productivity win Integrated offerings Strengthen Strong cashflow Expand Drive innovation Large & complex projects Talent & Tech Core generation TAM Customer engagement World class Invest in Quality
Slide 19: Q1-FY24 Financial Overview
Q1-FY24 FINANCIAL OVERVIEW ACCELERATING TRANSFOR CMS. Connecting Commerce
Slide 20: Quarterly Financial Highlights
Quarterly Financial Highlights Revenue Adjusted EBITDA Adjusted PAT (INR Mn) (INR Mn) (INR Mn) 13% 5,116 4,533 181 95 19% 40% 1,515 1,642 22% 1,462 1,271 868 709 28.0% 29.6% 3,292 15.6% 17.0% 2,976 Q1-FY23 Q1-FY24 Q1-FY23 Q1-FY24 Q1-FY23 Q1-FY24 EBITDA Cash Mgmt. Managed Card PAT PAT Margin (%) Serv
Slide 21: Quarterly Operational Highlights: Cash Logistics Business
Quarterly Operational Highlights: Cash Logistics Business Cash Logistics: Operational Highlights • Highest ever quarterly currency throughput at INR Revenue EBIT 3.3 Lakh Crore in Q1-FY24, up 6% YoY INR Mn INR Mn • 10% YoY growth in total business commerce 12% points for ATM + Retail cash management
Slide 22: Quarterly Operational Highlights: Managed Services + Card Services Business
Quarterly Operational Highlights: Managed Services + Card Services Business Managed Services + Card Services : Operational Highlights • Managed Services new orderbook wins of INR 150 Revenue EBIT Crore in the quarter INR Mn INR Mn • Successful implementation of Managed Services 17% mandate of 5,200+
Slide 23: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance Particulars (All figures in INR Mn) Q1-FY24 Q4-FY23 Q-o-Q Q1-FY23 Y-o-Y Operating Income 5,116 5,014 2.0% 4,533 12.9% Expenses 3,640 3,572 1.9% 3,294 10.5% Operating EBITDA 1,476 1,442 2.4% 1,239 19.1% Adj. EBITDA 1,515 1,451 4.4% 1,271 19.2% EBITDA Margi
Slide 24: Historical Financial Overview
HISTORICAL FINANCIAL OVERVIEW
Slide 25: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (All figures in INR Mn) FY19 FY20 FY21 FY22 FY23 Operating Income 11,462 13,832 13,061 15,897 19,147 Expenses 9,482 11,293 10,125 11,900 13,770 Operating EBITDA 1,980 2,539 2,936 3,997 5,377 Adj. EBITDA 1,870 2,640 3,040 4,080 5,510 EBITDA Margins
Slide 26: Historical Consolidated Balance Sheet
Historical Consolidated Balance Historical Consolidated Balance Sheet (All figures in INR Mn) FY21 FY22 FY23 (All figures in INR Mn) FY21 FY22 FY23 Sheet Assets Equity share capital 1,480 1,531 1,544 Non-current assets Other equity 8,365 11,030 14,081 Property, plant and equipment 1,897 3,470 4,697
Slide 27: Historical Consolidated Cash Flow Statement
Historical Consolidated Cash Flow Historical Consolidated Cash Flow Statement (All figures in INR Mn) Cash flow from operating activities: FY21 FY22 FY23 (All figures in INR Mn) FY21 FY22 FY23 Statement Cash flow from investing activities Profit before tax 2,378 3,014 4,010 Proceeds from sale of pro
Slide 28: Strong Growth Track Record And Resilience During Covid-19 Period
Strong Growth Track Record And Resilience During Covid-19 Period Revenue Adj. EBITDA Adj. PAT(1) (INR Mn) (INR Mn) (INR Mn) 20-23) ) -23) GR (FY 0-23 Y20 11% CA 19,147 469 (FY2 (F 3,040 R 5,510 R 15,897 CAG CAG 13,832 413 6,111 28% 28% 2,290 13,061 4,080 434 459 4,896 3,622 1,700 17.01% 3,641 3,040
Slide 29: Capital Market Information
Capital Market Information (BSE - CMSINFO | 543441, NSE – CMSINFO) Share Price Movement (Up to 30th June, 2023) 45.00% 35.00% 25.00% 15.00% 5.00% -5.00% -15.00% -25.00% Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 CMS BSE Sensex BSE Small Cap Share Price Data Shareholding Pattern (
Slide 30: Disclaimer
Disclaimer CMS Info Systems Limited Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are i
Slide 31: Thank You
THANK YOU ACCELERATING TRANSFOR CMS. Connecting Commerce