Slide 1: Exchange filing cover letter for earnings presentation
eClerx/SECD/SE/2023/049 May 25, 2023 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, Plot No. C/1, Phiroze Jeejeebhoy Towers, Block G, Bandra - Kurla Complex 25th Floor, Dalal Street, Bandra (East), Fort, Mumbai - 400 001 Mumbai – 400 051 Dear
Slide 2: Financial Performance – Q4FY23
Investor Investor Relations Relations Financial Performance – Q4FY23 May 25th, 2023
Slide 3: Financial Summary
Financial Summary Metrics FY23 Q4 Q-o-Q FY23 Y-o-Y OPG revenue (USD mm) $85.6 0.6% $332.7 16.9% Revenue OPG revenue (INR mm) 6,931 0.9% 26,479 22.6% Total revenue (INR mm) 6,984 -0.9% 27,137 24.2% EBITDA (INR mm) 2,119 1.7% 8,097 16.2% Profit EBIT (INR mm)* 1,801 0.9% 6,957 17.2% Net profit (INR mm)
Slide 4: Other Income
Other Income Figures in INR millions. Other Income FY23 Q4 FY23 Q3 FY23 Q2 FY23 Q1 FY22 Q4 Investment Income 68.6 66.1 42.8 26.0 21.0 Revaluation Income* -42.2 49.0 153.4 180.5 51.2 Others 26.1 62.7 12.5 12.6 24.7 Total 52.5 177.8 208.7 219.1 96.9 * Gain / Loss regrouped as other income/expenses bas
Slide 5: Business Process as a Service (BPaaS)
Business Process as a Service (BPaaS) Data Management Insight Awards USA Services delivered under “outcome-based” contracts 2022 • Commercials structured around milestones, fixed price projects, or fixed + unit prices Roboworx won the Best • Differentiators are multi-client tenancy; deep domain; IP
Slide 6: Analytics & Automation
Analytics & Automation 50 Best Firms For Data Analytics primary consumers are CMO and COO client organizations Scientists To Work For • Services comprise marketing and customer analytics; business intelligence; advanced modeling • Techniques comprise data design, lineage and engineering; model build
Slide 7: Hedge Updates
Hedge Updates Current Hedge Status • Total outstanding hedges now $193.8 mm at average INR 82.89/$; 100% forwards Contract Year Currency Amount (mm) Avg. Rate (INR) Total FY22 USD $151.90 76.75 FY23 Q2 $37.30 77.9 Matured Forwards FY23 Q3 $40.80 78.8 FY23 Q4 $41.70 79.7 Total FY23 USD $159.00 78.55
Slide 8: P&L Comparison
P&L Comparison Figures in INR millions. Operating P&L FY23 Q4 OPR (%) FY23 Q3 OPR (%) Operating Revenue $ 85.6 85.1 Total Revenue* 6,984 7,045 Operating Revenue 6,931 6,867 Cost of Revenues Delivery and Support Employees Cost 3,460 49.9% 3,602 52.5% General and Administrative Expenses Facilities (Re
Slide 9: YoY EBITDA Bridge
YoY EBITDA Bridge Figures in INR millions 2,074 918 385 789 2,992 FY22 EBITDA Operating Revenue Offshore Onshore G&A S&D FY23 EBITDA & Oth Inc. Delivery Cost Delivery Cost • Operating revenue & Oth Inc - Revenue growth • Delivery cost higher due to HC growth • G&A – Higher return to office spends. •
Slide 10: Balance Sheet & Other Updates
Balance Sheet & Other Updates • Total Cash and Cash Equivalents of INR 6,563 mm for FY23 vs INR 6,805 mm for FY22 - Equivalent to INR 136.6 per share FY23 vs INR 205.6 for FY22 - Net operating cash flow in FY23 is INR 5,050.0 mm vs INR 4,481.7 mm in FY22 o EBITDA conversion at 62.3% for FY23 vs 64.3
Slide 11: Key Business Metrics
Key Business Metrics Metrics FY23 Q4 FY23 Q3 FY23 Q2 FY23 Q1 FY22 Q4 FY22 Q3 FY22 Q2 FY22 Q1 USD 83% 82% 83% 82% 81% 80% 80% 80% EURO 10% 10% 9% 10% 11% 11% 10% 12% Currency Contribution (%) * GBP 3% 3% 3% 3% 3% 4% 5% 4% Others 4% 5% 5% 5% 5% 5% 5% 4% North America 71% 71% 72% 70% 69% 70% 69% 70% Ge
Slide 12: Revenue Mix Trends ($mm)
Revenue Mix Trends ($mm) $7.0 $7.1 20.0% $6.9 20.0%7.6% 13.5% $6.1 7.6% 5.6% $6.2 5.6% $28.1 $28.1 21.6% 23.6% $25.3 14.6% 23.6% $25.5 21.6% 19.9% 19.9% 28.3% $24.5 35.1% 35.1% 27.0% 27.0% 56.1% $50.3 $50.0 $50.4 $46.4 $48.0 20.2% 12.5% 8.6% 17.7% 19.7% 20.2% 12.5% 19.7% 17.7% 30.8% FY22 Q4 FY23 Q1
Slide 13: Human Resources Update
Human Resources Update 16,804 107 16,127 956 115 Headcount* 14,910 108 863 1,135 749 607 948 807 599 675 14,271 13,330 12,571 FY22 Q4 FY23 Q3 FY23 Q4 Offshore Delivery Onshore Delivery Support Services Tech Services BD 42.6% Offshore Voluntary Attrition^ 29.7% 25.1% FY22 Q4 FY23 Q3 FY23 Q4 * ~250 pe
Slide 14: Balance Sheet Abstract
Balance Sheet Abstract Figures in INR millions. Particulars March 31, 2023 March 31, 2022 % Change Shareholder's Funds Capital 480 331 45% Minority Interest 17 12 37% Reserves and Surplus 16,668 15,345 9% Total Shareholder's Funds 17,166 15,688 Application of Funds Fixed Assets 6,404 5,953 8% Right
Slide 15: Thank You
Thank You This presentation contains forward-looking statements, inter-alia, to enable investors to comprehend company’s prospects and take informed investment decisions. This report and other statements - written and oral - that we periodically make, contain forward-looking statements that set out
Slide 16: eClerx’s FY23 revenue stands at INR 2,713.7 crore and net profit up by 17.1%
eClerx’s FY23 revenue stands at INR 2,713.7 crore and net profit up by 17.1% at INR 488.8 crore Mumbai, May 25, 2023: eClerx Services Ltd. (eCx), an industry-focused specialist services firm managing and improving complex data-driven processes, today announced its results for fiscal 2023. eClerx emp
Slide 17: About eClerx Services Ltd
About eClerx Services Ltd: eClerx provides business process management, automation and analytics services to a number of Fortune 2000 enterprises, including some of the world's leading financial services, communications, retail, fashion, media & entertainment, manufacturing, travel & leisure and tec