Exlservice Holdings, Inc. · NASDAQ:EXLS
Exlservice — Q2 2024 Earnings Presentation
13 slides from Exlservice's earnings presentation, Aug 1, 2024
Slide 1: ExlService Holdings Inc. Second quarter 2024 financial results
ExlService Holdings Inc. Second quarter 2024 financial results August 1, 2024
Slide 2: Safe harbor
Safe harbor Forward-looking statements This presentation contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factor
Slide 3: Financial highlights: Second Quarter 2024
Financial highlights: Second Quarter 2024 Q2 revenue of $448.4 million, up 10.7% YoY and 2.7% from Q1 2024 on reported basis, with strong growth across both businesses Q2 adj EPS1 of $0.40, up 10.8% YoY and 6.6% from Q1 2024. Analytics segment Q2 revenue of $193.8 million, up 6.4% YoY and 1.6% seque
Slide 4: Q2 2024 Digital operations & solutions segment revenue
Q2 2024 Digital operations & solutions segment revenue (in millions) • Insurance growth driven primarily by expansion $254.6 $222.8 in existing client relationships and new client wins +14.3% • Emerging growth primarily driven by expansion of existing client relationships Q2 2023 Q2 2024 • Healthcar
Slide 5: Q2 2024 Analytics segment revenue
Q2 2024 Analytics segment revenue $193.8 (in millions) $182.2 • Driven by higher volumes in healthcare payment services +6.4% and growth in data management. Q2 2023 Q2 2024 ©2023 ExlService Holdings, Inc. All rights reserved. 5
Slide 6: Q2 2024 Adjusted operating margin
Q2 2024 Adjusted operating margin1 20% 19.8% • Decline driven by increased SG&A investments -20 bps Q2 2023 Q2 2024 1) See slides 9 to 12 for information regarding the use of our non-GAAP financial measures. ©2023 ExlService Holdings, Inc. All rights reserved. 6
Slide 7: 2024 Revised guidance
2024 Revised guidance Based on current visibility, and a U.S. dollar to Indian rupee exchange rate of 83.5, U.K. pound sterling to U.S. dollar exchange rate of 1.27, U.S. dollar to the Philippine peso exchange rate of 58.5 and all other currencies at current exchange rates Revenue (in millions) Adju
Slide 8: Appendix
Appendix EXL
Slide 9: Non-GAAP financial measures and reconciliations
Non-GAAP financial measures and reconciliations In addition to its reported operating results in accordance with U.S. generally accepted accounting principles (GAAP), EXL has included in this release certain financial measures that are considered non-GAAP financial measures, including the following:
Slide 10: Non-GAAP financial measures and reconciliations (continued)
Non-GAAP financial measures and reconciliations (continued) A limitation of using non-GAAP financial measures versus financial measures calculated in accordance with GAAP is that non-GAAP financial measures do not reflect all of the amounts associated with our operating results as determined in acco
Slide 11: Non-GAAP reconciliation footnotes
(a) To exclude effects of employee severance costs and outplacement support costs of $4,762 and litigation settlement costs and associated legal fees of $1,412 during the three months ended June 30, 2024. (b) To exclude effects of lease termination of $578 during the three months ended June 30, 2023
Slide 12: Non-GAAP reconciliation footnotes
(a) To exclude effects of employee severance costs and outplacement support costs of $4,762 and litigation settlement costs and associated legal fees of $1,412 during the three months ended June 30, 2024. (b) To exclude effects of lease termination of $578 during the three months ended June 30, 2023
Slide 13: Investor relations contact
John Kristoff exlservice.com Vice President, Head of Investor Relations Global headquarters 212.209.4613 320 Park Ave, 29th floor IR@exlservice.com New York, NY 10022 T: +1(212) 277-7100 F: +1(212) 277-7111 United States | United Kingdom | Australia Bulgaria | Colombia | Czech Republic India | Irela