Zaggle Prepaid Ocean Services Limited · NSE:ZAGGLE
Zaggle Prepaid Ocean Services — Q1 FY2025 Earnings Presentation
30 slides from Zaggle Prepaid Ocean Services's earnings presentation, Jul 30, 2024
Slide 1: Exchange filing cover letter for investor presentation
ZAGGLE/24-25/54 July 30, 2024 To To Listing Department The Corporate Relations Department NATIONAL STOCK EXCHANGE OF INDIA LIMITED BSE LIMITED Exchange Plaza, Plot No C/1, G Block Phiroz Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), 25th Floor, Dalal Street, Mumbai -400 051, Maharashtra Mu
Slide 2: Zaggle Prepaid Ocean Services Limited Investor Presentation July 2024
Zaggle Prepaid Ocean Services Limited Investor Presentation July 2024
Slide 3: Safe harbor
Safe harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Zaggle Prepaid Ocean Services Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
Slide 4: From the Founder's desk
From the Founder’s desk… “We began the year on a strong footing, achieving a revenue of Rs. 2,522.1 mn, a significant increase of 112.9% on a YoY basis in Q1FY25. Our Adjusted EBITDA (before ESOP expense) for the said quarter was Rs. 255.8 mn, a growth of 85.3% on a YoY basis. The growth is largely
Slide 5: Performance highlights
Performance highlights ® Zaggle”
Slide 6: Growing revenue and profitability
Growing revenue and profitability Strong performance across various metrics ₹ 2,522.1 Mn ₹ 255.8 Mn ₹ 224.3 Mn ₹ 220.0 Mn Q1FY25 YoY + 112.9% YoY + 85.3% YoY + 182.0% YoY + 122.1% Revenue from Adjusted EBITDA Reported EBITDA Cash PAT operations (before ESOP) 5
Slide 7: Recent strategic alliances/customer wins for growth
Recent strategic alliances/ customers wins for growth Contract brief Value proposition Duration Skydo Bundling the international inward Technologies Integrated international inward remittance solutions to remittance platform with our Zoyer Perpetual Private Limited corporate clients solution to prov
Slide 8: Potential inorganic expansion framework
Potential inorganic expansion framework Product accretive EBITDA accretive Companies with synergistic domains Domestic and international markets Customer base expansion 7
Slide 9: Quarterly financial highlights
Quarterly financial highlights Revenue from operations (₹ Mn) Gross Profit (₹ Mn) 112.9% 133.8% 2,522 1,418 1,185 606 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Adjusted EBITDA (₹ Mn) Reported EBITDA (₹ Mn)* Cash PAT (₹ Mn) PAT + Depreciation & Amortization + ESOP Expense 85.4% 181.8% 256 122.2% 224 220 138 80 99
Slide 10: Key operational performance indicators
Key operational performance indicators Total customers catered to (number) Aggregate users on the platform (million) 20.1% Key 3,119 19.4% Performance 2,596 2.89 KPIs Indicators 2.42 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Software Fees Program fees Propel platform revenue 17.4% 89.9% 4,225 29.0% 3,598 Revenue
Slide 11: Quarterly revenue contribution
Quarterly revenue contribution Q4 & Q1 are higher revenue quarters in the business Contribution to annual 16.0% 23.5% 26.7% 33.8% 15.3% 23.8% 25.7% 35.2% revenues • Business growth in 2,734 Q1FY25 is due to 2,522 increase in transaction volume Revenue from 1,995 growth and operations 1,869 1,842 (₹
Slide 12: Profit and loss statement
Profit and loss statement Particulars (Rs. Million, unless stated otherwise) Q1FY25 Q1FY24 YoY Q4FY24 QoQ Revenue from operations 2,522.1 1,184.8 112.9% 2,733.7 -7.7% Cost of point redemption / gift cards 1,100.6 569.8 1,115.1 Consumption of cards 4.0 8.8 3.9 Gross Profit 1,417.5 606.2 133.8% 1,614.
Slide 13: What we do
What we do ® Zaggle”
Slide 14: Zaggle: At a glance
Zaggle: At a glance # 1 Issuer of Prepaid Leading player in spend cards in India management space SaaS Fintech 50 mn+ 3,100+ 2.9+ mn cards Corporate Users ` customers SAVE ZOYER PROPEL Key Employee Expense Accounts Reward & Products management and payable recognition benefits platform Multilingual G
Slide 15: Differentiated SaaS-based fintech platform
Differentiated SaaS-based fintech platform with… Offering a combination of payment instruments, mobile application and API integrations Omnichannel technology offering Co-branded cards Mobile app to Multiple Banks & network Dashboard to manage with bank manage spends partners reporting & analytics N
Slide 16: Strong network effect and monetization
… Strong network effect Key Partners Banking Partners Network Partners VAS Partners Tata Securities Partners Banking licenses & Pmt. instrument Resell Zaggle Key customers Comprehensive Monetization Sell software Monetize GTV Partners - Program fees Users / deals Business - SaaS fees for software Bu
Slide 17: Comprehensive suite of products for a large and growing addressable market
Comprehensive suite of products for a large & growing addressable market • Embedded-finance • Integrated data-driven business spend management platform with embedded finance capabilities Holistic spend management solutions offerings for variety of • Employee expense payment needs of a management and
Slide 18: Propel – digitizing reward computation and disbursal
Propel – digitizing reward computation and disbursal • Channel & employee rewards • Incentives • Engagement Seamless partner Metric based Leaderboards, badging onboarding incentive and achievements computation Automated Reports and claim Peer-to-peer analytics recognition management 17
Slide 19: Save – simplifying employee spends
Save – simplifying employee spends • Robust policy engine Save • Strong anti-fraud detection • Real time visibility • Easy spend reconciliation All-in-one Wide 100% Complete card acceptance compliant control Powerful Automatic Real time dashboard for expense expense enterprise reporting approval 18
Slide 20: Zoyer – vendor payment offering
Zoyer – vendor payment offering Problems addressed by Zoyer SaaS spender Project based spender Cloud & infra spender Marketing and Travel & entertainment Keep control of SaaS Empower project Tools to recon, compile campaign Automate/simplify purchase, renewal, team & track expense & tell the stories
Slide 21: Strategic roadmap for sustained growth
Strategic roadmap for sustained growth Continue to increase our India’s Workforce Addition to EPF CAGR of Credit cards Prepaid cards customer & user base with growing potential market 528 Mn 55.9 Mn 16% ₹ 3,000 Bn 35.8% (as on Mar-23) (2018-2023) (FY 19-23)* Transaction Value CAGR (2027) (2023-27) P
Slide 22: Seasoned management team and board
Seasoned management team and board Raj P Narayanam Avinash Ramesh Godkhindi Founder and Executive Chairman Managing Director and CEO › Founded Zaggle in 2011 with a vision to simplify corporate spends › Leading Zaggle’s growth since 2012 › Completed post-graduate diploma in business management with
Slide 23: Zaggle in a nutshell
Zaggle in a nutshell Seasoned management team Seasoned Multi-product SaaS-based platform with a and board team strategy comprehensive product stack Robust Technology Revenues from operations have financial In-house technology with strong and grown at 40.1% in the year metrics network effect network
Slide 24: Historical financials
Historical financials ® Zaggle”
Slide 25: Historical financial and operating metrics
Historical financial and operating metrics Corporate customers Aggregate users (1) (Mn) Revenue from operations (₹ Mn) 2.73 3,016 7,756.0 2.27 2,411 5,534.6 1.72 1,753 3,712.6 1,092 0.90 2,399.7 FY2021 FY2022 FY2023 FY2024 FY2021 FY2022 FY2023 FY2024 FY2021 FY2022 FY2023 FY2024 Adjusted EBITDA & EBI
Slide 26: Historical balance sheet
Historical balance sheet Particulars FY24 FY23 FY22 FY21 Particulars FY24 FY23 FY22 FY21 EQUITY AND LIABILITIES ASSETS Equity Non-current assets Equity share capital 122.49 92.22 1.80 1.80 Property, plant and equipment 25.32 23.48 19.77 9.51 Other equity 5,631.33 395.29 -37.38 -457.31 Right-of-use a
Slide 27: Historical profit and loss statement
Historical profit and loss statement Particulars (₹ Million, unless stated otherwise) FY24 FY23 FY22 FY21 Revenue from operations 7,756.0 5,534.6 3,712.5 2,399.6 Gross Profit 3,946.5 2,328.3 2,259.6 2,087.8 Gross Profit Margin 50.9% 42.0% 60.8% 87.0% Employee benefits expense 363.1 291.7 154.3 124.6
Slide 28: Annexure
Annexure ® Zaggle”
Slide 29: Key awards, accreditations and recognitions
Key awards, accreditations and recognitions 5.76 BW Businessworld Festival of Govt of Telangana: Recognized BW Businessworld Festival of BW Businessworld 11th Payments Festival Industryof 11th Payments Industry Fintech Conclave Awards: Pride of Telangana, 2024 Fintech Conclave Awards: Fintech Concla
Slide 30: Thank you
Thank you Company Zaggle Prepaid Ocean Services Limited CIN: L65999TG2011PLC074795 Hari Priya, Company Secretary & Compliance Officer Email id: Investor.Relations@zaggle.in Investor Relations Advisor Strategic Growth Advisors Pvt Ltd. CIN: U74140MH2010PTC204285 Devika Shah / Shikha Puri Email id: de
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