R Systems International Limited · NSE:RSYSTEMS
R Systems International — Q2 2022 Earnings Presentation
13 slides from R Systems International's earnings presentation, August 2022
Slide 1: Analytical Review Q2 2022 Results
Analytical Review Q2 2022 Results Next-Gen Digital Evolution © 2022 R Systems All rights reserved.
Slide 2: Disclaimer
Disclaimer “Investors are cautioned that this presentation contains forward looking statements that involve risks and uncertainties. The Company undertakes no obligation publicly to update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Actu
Slide 3: Key Highlights Q2 2022
Key Highlights Q2 2022 Revenue ₹ 374.98 Cr (US$ 48.74 Mn) QoQ +ve 9.29% YoY +ve 37.07% EBITDA ₹ 49.07 Cr (US$ 6.38 Mn) Net Profit ₹ 31.82 Cr (US$ 4.14 Mn) Earnings Per Share ₹ 2.69 13.39 Key Wins 10 13.09 12.14 Share Holder Funds ₹ 452.36 Cr (US$ 57.28 Mn) EBITDA Revenue % Net Cash Balance ₹ 217.73
Slide 4: Key Highlights H1 2022
Key Highlights H1 2022 Revenue ₹ 718.09 Cr (US$ 94.43 Mn) YoY +ve 37.77% EBITDA ₹ 90.73 Cr (US$ 11.93 Mn) Net Profit ₹ 61.51 Cr (US$ 8.09 Mn) Jun 30, 2022 Dec 31, 2021 12.63 12.95 Receivable ₹ 232.60 Cr ₹ 177.98 Cr Unbilled ₹ 64.18 Cr ₹ 52.86 Cr Day Sales 58 Days 52 Days EBITDA Revenue % Outstanding
Slide 5: Key Highlights (Continues…)
Key Highlights (Continues…) Revenue growth backed by On-boarded 170+ technical strong demand environment associates during H1 2022 to for digital and technology support strong sales funnel services Serving 47 million dollar plus Margins were impacted by high attrition and salary hikes customers as a
Slide 6: Financial Performance – Contribution Analysis – Q2 2022
Financial Performance –Contribution Analysis – Q2 2022 Q2 2022 Q2 2021 Q1 2022 Particulars ₹ in Mn US$ in Mn ₹ in Mn US$ in Mn ₹ in Mn US$ in Mn Revenues 3,749.78 48.74 2,735.67 37.14 3,431.09 45.69 Cost of revenues 2,424.90 31.51 1,762.56 23.92 2,293.56 30.54 Gross margin 1,324.88 17.23 973.11 13.2
Slide 7: Revenue and Gross Margin Analysis Q2 2022
Revenue and Gross Margin Analysis Q2 2022 Revenues Gross margin 9.29% 2.18% Increase in Revenue Resulted from Increase in Gross Margin Resulted from Volume gains 4.84% Higher billable days 1.47% Higher billable days 2.42% Rupee depreciation 0.81% Rupee depreciation 1.89% Increase in utilization 0.57
Slide 8: Big Picture – Revenue & EBITDA %age – Quarter wise
Big Picture – Revenue & EBITDA %age – Quarter wise 400.00 20.0 375 343 306 329 320.00 16.0 274 16.0 248 13.4 13.7 240.00 12.5 13.1 12.0 12.1 ₹ in Cr (%) 160.00 8.0 80.00 4.0 0.00 0.0 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Revenue EBITDA % 8
Slide 9: Quarterly Revenue Breakdown
Quarterly Revenue Breakdown By Geography (%) 75.0 67.5 67.6 70.2 69.7 71.5 74.2 50.0 25.0 14.2 15.7 14.3 15.3 12.8 13.7 13.0 13.9 12.8 12.3 10.8 12.1 1.9 0.7 2.0 0.8 2.6 0.7 2.5 0.9 2.5 0.9 2.2 0.7 - Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 North America Europe SEAC* India Others * South East Asian Count
Slide 10: Billable Associates
Billable Associates 4,000 3,632 3,718 3,548 3,327 661 687 3,200 3,030 635 2,801 593 569 503 2,400 1,600 3,031 2,913 2,971 2,734 2,298 2,461 800 0 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Added 170+ Technical IT BPO Associates during H1 2022 10
Slide 11: Utilization %
Utilization % 100.0 96.6 96.5 98.0 95.4 95.7 95.6 78.5 77.5 77.1 77.8 76.5 76.7 75.5 75.8 74.2 74.5 74.9 72.2 75.0 (%) 50.0 25.0 0.0 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Onsite Offshore Blended 11
Slide 12: Summing Up and Looking Ahead
Summing Up and Looking Ahead • Robust revenue growth during H1 2022 Continued Focus for 2022 • Pressure on margins amid high attrition • Partnering with customers in navigating and salary hikes successful digital transformations • Confident of margin expansion in H2 2022 • Ensuring safe and reliable
Slide 13: Thank You
Nand Sardana Chief Financial Officer Tel # 0120 – 4303506 Email: nand.sardana@rsystems.com Kumar Gaurav AVP Finance & Accounts Tel # 0120 - 4082650 Email: kumar.gaurav@rsystems.com Bhasker Dubey Company Secretary & Compliance Officer Thank You Tel # 0120 - 4303566 Email: bhasker.dubey@rsystems.com W
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