Veranda Learning Solutions Ltd. · NSE:VERANDA
Veranda Learning Solutions — Q1 FY2024 Earnings Presentation
34 slides from Veranda Learning Solutions's earnings presentation, Aug 10, 2023
Slide 1: Exchange cover letter on press release and investor presentation
Veranda Learning Solutions Limited (formerly Veranda Learning Solutions Private Limited) (formerly Andromeda Edutech Private Limited) 9th August, 2023 BSE Limited National Stock Exchange of India Limited Dept of Corporate The Listing Services, Phiroze Department, Jeejeebhoy Towers, Dalal Exchange Pl
Slide 2: Veranda Learning Solutions turns EBITDA positive for Q1FY24
Press Release Veranda Learning Solutions turns EBITDA positive for Q1FY24 On track to double revenues for the year, continue its accelerated growth in profits Chennai, 09 August 2023: Veranda Learning Solutions, a public listed Education company (BSE: 543514, NSE: VERANDA), has announced its financi
Slide 3: Chairman's comments and About Veranda Learning Solutions
Speaking on an exceptional quarter performance, Mr. Suresh Kalpathi, Executive Director and Chairman, Veranda Learning Solutions said, “ I am extremely pleased to announce that we have turned EBITDA positive for the quarter backed by a remarkable revenue growth. This represents a significant milesto
Slide 4: Disclaimer
DISCLAIMER: Certain statements in this document that are not historical facts, are forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political, or economic developments, industry risks, and many other factors th
Slide 5: Veranda Learning Solutions
Veranda Learning Solutions Affordability | High-quality Content | Outcome-oriented Approach Investor Presentation | August 2023
Slide 6: Safe Harbor
Safe Harbor • This presentation and the following discussion may contain “forward looking statements” by Veranda Learning Solutions Limited (“Veranda Learning” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results
Slide 7: Agenda
Agenda 01 Result Highlights 02 Company Overview 03 Growth Strategy 04 Industry Overview 05 Financials
Slide 8: Q1FY24 Performance
QIFY24 Performance eoccecccccce eeccecccccece
Slide 9: Key Financial & Business Highlights – Q1FY24
Key Financial & Business Highlights – Q1FY24 Revenue from Operations Gross Profit Key Business Highlights Partnered with BAssure Solutions, a business that 223% specialises in NextGen Staffing, often known as the 144% Hire-Train-Deploy approach Signed a share purchase agreement with Six Phrase, the
Slide 10: From the Chairman's Desk
From the Chairman’s Desk Commenting on the results, Mr. Kalpathi. S. Suresh, Executive Director and Chairman, Veranda Learning Solutions, said “ I am extremely pleased to announce that we have turned EBITDA positive for the quarter backed by remarkable revenue growth. This represents a significant m
Slide 11: Consolidated P&L Highlights
Consolidated P&L Highlights Particulars (Rs. Cr) Q1FY24 Q1FY23 Y-o-Y Q4FY23 Q-o-Q Revenue from Operations 68.90 28.19 144.42% 48.41 42.33% Other Income 1.58 0.44 0.39 Total Revenue 70.48 28.63 146.15% 48.80 44.42% # Gross Profit 38.38 11.90 222.53% 23.85 60.91% Gross Profit Margin (%) 55.71% 42.21%
Slide 12: Veranda Company Overview
Veranda Company Overview eoccecccccce eeccecccccece
Slide 13: Veranda Learning – A Quick Glance
Veranda Learning – A Quick Glance Veranda Learning Solutions is engaged in the business of offering diversified and integrated learning solutions in online, offline hybrid and offline blended formats to students, aspirants, and graduates professionals and corporate employees Promoters have a collect
Slide 14: Our Journey so far
Our Journey so far J. K. SHAH CLASSES INCORPRATION LAUNCHES & ACQUISITIONS AND LAUNCH OF ELCs • July’21: Launched CA course offered by • May’22: Launched Edureka Learning Centre Incorporated in November 2018 Veranda CA (ELCs) • Aug’21: Launched UPSC course offered by Veranda IAS • Oct’22: Acquired J
Slide 15: Strong presence in test preparations & professional skilling segments
Strong presence in test preparations & professional skilling segments Career-defining competitive exams Hybrid • TNPSC Group 2 • SSC Courses • Railways • TNPSC Group 4 • TN TET • Kerala PSC • Banking • CA Foundation Professional courses TNPSC Exam Coaching: CA Exam Coaching: • Group 2 & 2A • CA Foun
Slide 16: Edureka – A leading player in emerging technology training
Edureka – A leading player in emerging technology training • A comprehensive learning platform aimed to bridge the workplace-ready IT skills gap Pioneering Instructor Led Live Edureka Learning Centres Online training • Veranda acquired Edureka to build a full-stack Education business virtually • Lau
Slide 17: Established a result oriented unique 360 Approach
Established a result oriented unique 360o Approach Weekly lectures by Textbooks for all courses subject matter experts for in-depth structural & with Q&A methodical learning Mentors assigned to Chapter and paper level every student to track mock tests for practice and ensure progress Right blend of
Slide 18: Veranda Learning – Coaching centres across India
Veranda Learning – Coaching centres across India 250+ Diversified Footprint across India Centres (across all courses) Wide Building presence across India Presence Strong Hold Established strong offline presence in Across India Southern and Western India 14
Slide 19: Proficient Team to drive the business
Proficient Team to drive the business More than a decade of experience in the Education industry Founded SSI in 1991, providing software education and IT training; key milestones include listing on NSE and BSE, formed a JV with NASDAQ, acquired Albion Orion Company LLC and acquired controlling s
Slide 20: Veranda Learning – Key Team Members (1/2)
Veranda Learning – Key Team Members (1/2) Praveen Kumar Saradha Govindarajan Pravin Menon President, Corporate Strategy Chief Financial Officer Chief Marketing Officer 25+ years of experience in cross border 11+ years of experience in the areas of acquisitions & pre-acquisition process in M&A
Slide 21: Veranda Learning – Key Team Members (2/2)
Veranda Learning – Key Team Members (2/2) Bharat Seeman Santhoshkumar P Lovleen Bhatia CEO, Veranda IAS CEO, Veranda Race Co-Founder, Edureka Ex-founder, Veranda Race 7+ years of experience in operations 10+ years of experience in business leadership 18 years+ of technical leadership and R&D m
Slide 22: Veranda Growth Strategy
Veranda Growth Strategy eoccecccccce eeccecccccece
Slide 23: Veranda Learning – Growth Strategy
Veranda Learning – Growth Strategy Evaluate targets for acquisitions and seek opportunities to acquire IN-ORGANIC STRATEGIES brands and businesses which complement its service offerings, Strategic strengthen or establish its presence in the targeted domestic and Acquisitions international market
Slide 24: Strategic Acquisitions & New Launches to Scale business Operations
Strategic Acquisitions & New Launches to Scale business Operations Veranda RACE Acquired Chennai RACE in December 2020 Edureka Acquired Brain4ce Education Solutions (“Eduerka”) in September 2021 Edureka Learning Centres Launched Edureka Learning Centres in May 2022 J.K Shah Classes Acquired in Octob
Slide 25: Association with seven companies under VALS (1/2)
Association with seven companies under VALS (1/2) Acquiring and Investing across seven businesses through its Wholly Owned Subsidiary Veranda Administrative Learning Solutions Private Limited (VALS) Total valuation of acquisitions is over Rs. 400 crore 1 Educare Infrastructure About: Educare offers
Slide 26: Association with seven companies under VALS (2/2)
Association with seven companies under VALS (2/2) 5 Phire About: Phire is a placement-oriented training company that provides expert training for recruitment in Private Banking and BFSI sector Rationale: Acquisition of Phire is a strategic move that allows Veranda Race to vertically integrate in ban
Slide 27: Collaboration with J. K. Shah – India's leading institute for CA test prep
Collaboration with J. K. Shah – India’s leading institute for CA test prep Veranda acquired J. K. Shah Classes (JKSC) 39 years of legacy Forayed into an imperative segment of high-demand financial courses such as Chartered Accountancy through acquisition of India’s premier CA test-preparation instit
Slide 28: Industry Growth Drivers
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Slide 29: Geographical Segmentation - Global
Geographical Segmentation - Global Market Size Market Size Growth Rate Region (2021) (2027) CAGR (2021-27) Asia Pacific Countries (APAC) $107.63 BN $277.39 BN 17.09% North America $52.62 BN $109.27 BN 12.95% Europe $39.62 BN $92.26 BN 15.13% Latin America $29.68 BN $72.95 BN 16.17% Middle East & Afr
Slide 30: Indian Ed-tech Sector – Market Size
Indian Ed-tech Sector – Market Size 90 Edtech Market in India 2021–2027 ($ billion) 30.00% 80 25.00% 70 60 20.00% Growth Rate 50 15.00% 19.17% 40 CAGR 30 10.00% (2021-2027) 20 5.00% 10 0 0.00% 2021 2022 2023 2024 2025 2026 2027 Revenue 27.41 30.48 35.23 41.98 51.25 63.25 78.5 Growth Rate 11.20% 15.5
Slide 31: Indian Sector – Boom for Upskilling & Reskilling Courses
Indian Sector – Boom for Upskilling & Reskilling Courses Upskilling and Reskilling – A budding requirement A McKinsey global survey in February 2020 found that 9 in 10 executives and managers are either already facing skills gaps in their organizations or expect gaps to develop within the next 5 yea
Slide 32: Financial Performance
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Slide 33: Financial Highlights
Financial Highlights Total Revenue (in Rs. Cr) EBITDA (in Rs. Cr) Revenue Break-up (Q1FY24) 199.92 5.64 39% FY22 FY23 Q1FY24 61% 75.60 70.48 -33.58 -39.05 Online % Offline % FY22 FY23 Q1FY24 Enrolments ARPU Brain4ce (Edureka) Veranda Race 91,667 31,323 30,918 15,825 12,609 12,699 56,819 19,404 40,38
Slide 34: Let's Connect
Veranda Learning Solutions Let’s Connect Ernst & Young, LLP Mr. Abhishek Bhatt Ms. Saradha Govindarajan, CFO abhishek.bhatt3@in.ey.com saradha.g@verandalearning.com Ms. Mahalakshmi Venkatachalam mahalakshmi.venkatachalam@in.ey.com Veranda Learning Solutions Ltd, 34, Thirumalai Pillai road, T. Nagar,
Veranda Learning Solutions — Q1 FY2024 Earnings Presentation on 6ix