Avenuesai Ltd · NSE:CCAVENUE
Avenuesai — Infibeam Avenues — Q2 FY2023 Earnings Presentation
26 slides from Avenuesai's earnings presentation, Nov 4, 2022
Slide 1: Earnings & Investor Presentation 2Q FY23
CCAvenue Omnichannel CCAvenue OmnichannelMobile MobilePayment PaymentApp App PAYMENTS | PLATFORMS A Global FinTech Company Earnings & Investor Presentation 2Q FY23 (Jul’22 – Sep’22) 4th November 2022 Friday
Slide 2: Disclaimer
Disclaimer This presentation contains certain words and statements concerning Infibeam Avenues Limited (“the Company”) and its prospects, and other statements relating to the Company’s expected financial position, business strategy, the future development of the Company’s operations and the general
Slide 3: Financial & Operational Performance – Q2'23
FINANCIAL & OPERATIONAL PERFORMANCE – Q2’23 First Listed Fintech in India
Slide 4: Key Business Developments
Key Business Developments Significant Strategic Developments TPV crossed INR 1 lac crore in a quarter for the first time Consolidated PAT up 123% in the quarter TaPPay: 15,000+ terminals deployed Bought 50% stake in Vishko22, backed by promoters of Yepme.com, to offer omnichannel enterprise software
Slide 5: Superior Growth on Operational Front
Superior Growth on Operational Front Growth acceleration across all business segments Q2 Q2 % change Bill Payments Volume and Value Growth Particulars FY 23 FY 22 YoY TPV: INR 3,342 cr Vol: 27 mn up 17% YoY up 26% YoY No. of Merchants 7.3 4.1 77% > 40% 929,000 91% Gross margin India Payments TPV 1 A
Slide 6: Superior Growth on Operational Front
Superior Growth on Operational Front Growth acceleration across all business segments Transaction Processing Value (INR crore) Payments Net Take Rate (bps) 1,00,003 91,796 93,356 92,612 87,218 81,763 85,500 75,430 67,158 64,313 6.9 7.2 7.2 7.5 6.3 5.5 5.8 5.3 4.9 4.8 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q2
Slide 7: Earnings' Performance snapshot – Q2 FY23
Earnings’ Performance snapshot – Q2 FY23 Growth across all key parameters Q2 FY23 Standalone Q2 FY23 Consolidated India Payments + Platforms incl. GeM, Jio, STC, etc. Standalone + Intl. Payments + Go Payments + Other subsidiaries/assc. Total TPV Gross Revenue Net Revenue (NR) Total TPV Gross Revenue
Slide 8: Earnings' Performance snapshot – H1 FY23
Earnings’ Performance snapshot – H1 FY23 Growth across all key parameters H1 FY23 Standalone H1 FY23 Consolidated India Payments + Platforms incl. GeM, Jio, STC, etc. Standalone + Intl. Payments + Go Payments + Other subsidiaries/assc. Total TPV Gross Revenue Net Revenue (NR) Total TPV Gross Revenue
Slide 9: Superior Financial Performance
Superior Financial Performance Growth across all key parameters Consol. P&L (Sep 30, 2022) Q2 Q2 change H1 FY22 H1 FY23 YoY in INR crore FY23 FY22 YoY Total TPV 1 92,612 64,300 44% 114,964 179,830 56% India Payments NTR (bps) 7.2 4.8 51% 5.1 7.1 40% Gross Revenue 477 311 53% 895 527 70% Net Revenue
Slide 10: Cash Flows
Cash Flows Consistent cash flow generation Cash Flows (INR crore) FCF conversion and Capex 316 80% 71% 210 178 42% 35% 103 83 59 66 16% 42 11% 16 FY21 FY22 H1'23 FY21 FY22 H1'23 Capex Free Cash Flow Cash FCF conversion ratio Capex % of Net Revenue Cash: Cash and Bank balance + ST investments Free Ca
Slide 11: Revenue and Cost Drivers
Revenue and Cost Drivers Building a scalable business model Payment Gateway Bill Payments GeM platform eComm. platform Lending Businesses • CCAvenue (Ind + Intl) • BillAvenue • Marketplace for • Marketplace for • TrustAvenue • CCAvenue Soft POS Enterprise Enterprise • Express Settlement • ResAvenue
Slide 12: Guidance FY23
Guidance FY23 Well-poised for Growth Transaction Processing Value 1 INR 4.0 lac crore Gross Revenue EBITDA PAT INR 1,600-1,700 crore INR 170-190 crore INR 110-125 crore 1 also includes TPV from non-MDR payment options 12
Slide 13: Company Overview
COMPANY OVERVIEW First Listed Fintech in India
Slide 14: Among Pioneers in Fintech Payments and Software Platforms
Among Pioneers in Fintech Payments and Software Platforms Twenty plus years of fintech innovation • first fintech listed on NSE & BSE • first RBI licensed optg. unit to onboard billers & agents • Exclusive contract with GeM • launched B2B payments • Incubated domestic remittance & assisted financial
Slide 15: The Fintech Universe
The Fintech Universe Fintech revenue models Slide 16 Slide 17 Company is focused on low-cost, stable, scalable and sustainable business from Merchants and Banks 15
Slide 16: Merchant Centric Business Model (DCB)
Merchant Centric Business Model (DCB) Well positioned to leverage the Trillion-dollar opportunity All numbers are for Q2 FY23 * excl. Zero MDR payment options; INR 53,338 cr incl. all payment options Well positioned for the trillion dollar fintech opportunities 16
Slide 17: Merchant Centric Business Model (DCB)
Merchant Centric Business Model (DCB) Well positioned to leverage the Trillion-dollar opportunity All numbers are for Q2 FY23 * excl. Zero MDR payment options; INR 53,338 cr incl. all payment options Well positioned for the trillion dollar fintech opportunities 17
Slide 18: Bank Centric Business Model (Building Payments Infrastructure)
Bank Centric Business Model (Building Payments Infrastructure) De-risked and sustainable business model Leveraging fintech expertise for global expansion 18
Slide 19: Opportunity and Guidance
Opportunity and Guidance First Listed Fintech in India
Slide 20: Key Growth Drivers
Key Growth Drivers Large untapped market (online + offline) with various cross sell opportunities Supportive demographics, wide internet & mobile penetration, affordable smartphones & data pricing Payments – Macro Tailwinds Increasing preference towards digital payments Favorable Government initiati
Slide 21: India's Fintech Landscape
India’s Fintech Landscape Opportunity and Outlook How Big is the Opportunity? Ready to Capture the Bigger Pie Digital Payments Market : Transaction Value (INR Trillion) 385 Accelerating towards our Guidance of INR 7.5 lac crore by the end of 2024 1 302 228 Transaction Processing Value (TPV) 2 162 IN
Slide 22: Annexure
Annexure First Listed Fintech in India
Slide 23: Robust Financial Management
Robust Financial Management Consistent performance Total Transaction Processing Value (INR Crore) * Gross Revenue (INR crore) 2,75,890 85% 40% 5yr CAGR 4yr CAGR standalone 1,39,406 1,294 1,168 87,930 69,220 676 577 27,590 12,620 FY 2021 FY 2022 FY17 FY18 FY19 FY20 FY21 FY22 Consolidated Standalone E
Slide 24: Strong Balance Sheet – FY22
Strong Balance Sheet – FY22 Generating superior returns for the shareholders Return on Equity % Return on Capital Employed % Return on Assets % 16.4% 5.9% 5.5% 14.9% 11.6% 4.3% 11.0% 3.7% 9.4% 6.9% 5.5% 5.8% 1.6% 2.2% 2.5% FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 ↗
Slide 25: Company's Corporate Governance And Business Security Standards
Company’s Corporate Governance And Business Security Standards Committed for the long-term success of the company Organisation Business • High calibre Independent Board • Lowest chargeback ratio • Reputed Statutory auditors • No penalty ever • Superior Disclosure policy • Zero dispute with all finan
Slide 26: Thank You
PAYMENTS | PLATFORMS Thank You Investor Relations Purvesh Parekh purvesh.parekh@ia.ooo +91 9930554588 To know more, visit us at: www.ia.ooo | www.ccavenue.com