eClerx Services Limited · NSE:ECLERX
eClerx Services — Q3 FY2020 Earnings Presentation
13 slides from eClerx Services's earnings presentation, Jan 30, 2020
Slide 1: Financial Performance – Q3FY20
Financial Performance – Q3FY20 30th January, 2020
Slide 2: Financial Summary
Financial Summary Metrics FY20 Q3 Q-o-Q YTD FY20 Y-o-Y OPG revenue (USD mm) 51.8 3.4% 152.8 2.2% Revenue OPG revenue (INR mm) 3,754 5.3% 10,866 2.0% Total revenue (INR mm) 3,869 6.0% 11,151 1.0% EBITDA (INR mm) 1,147 32.3% 2,757 3.7% Profit EBIT (INR mm)* 971 40.6% 2,233 -4.5% Net profit (INR mm) 69
Slide 3: Other Income – FY20 Q3 vs. FY20 Q2
Other Income – FY20 Q3 vs. FY20 Q2 Figures in INR millions. Other Income FY20 Q3 FY20 Q2 FY20 Q1 FY19 Q4 FY19 Q3 Investment Income 32.6 59.5 88.5 108.1 100.1 Revaluation and Realised Gain* 77.8 39.4 (11.2) (15.9) (103.9) Other Misc. Income* 4.3 (11.9) 5.1 3.6 4.1 Total 114.7 87.1 82.5 95.7 0.2 * Gai
Slide 4: Hedge Updates
Hedge Updates Current Hedge Status • Total outstanding hedges now $127.15 mm at average INR 74.54/$; 100% forwards Contract Year Currency Amount (mm) Avg. Rate (INR) Total FY19 USD $123.5 69.0 FY20 Q1 $30.3 69.9 Matured Forwards FY20 Q2 $29.9 71.4 FY20 Q3 $29.0 72.5 FY20 Q4 $27.7 73.5 Total FY20 USD
Slide 5: P&L Comparison: FY20 Q3 vs. FY20 Q2
P&L Comparison: FY20 Q3 vs. FY20 Q2 Figures in INR millions. Operating P&L FY20 Q3 OPR (%) FY20 Q2 OPR (%) Total Revenue 3,869 3,652 Operating Revenue 3,754 3,565 Cost of Revenues Delivery and Support Employees Cost 1,891 50.4% 1,910 53.6% General and Administrative Expenses Facilities (Rent and Ele
Slide 6: EBIT Bridging Analysis: Q-o-Q FY20 Q3 vs. FY20 Q2
EBIT Bridging Analysis: Q-o-Q FY20 Q3 vs. FY20 Q2 Figures in INR millions. 4.5 Dely. Emp. Cost 19.4 Total Revenue 217.4 Q2 FY20 G&A S&D Core SEIS Inv. & other FX Reval. India Onshore Depreciation Q3 FY20 revenue income Change Employee Employee Cost Cost • Total revenue up by INR 217.4 mm; SEIS amoun
Slide 7: Balance Sheet & Other Updates
Balance Sheet & Other Updates • Total Cash and Cash equivalents of INR 7,076 mm for Q3FY’20 vs INR 7,219 mm for Q3FY’19 ̶ Equivalent to INR 196.0 per share vs INR 190.1 for Q3FY’19 ̶ Net operating cash flow in Q3FY’20 is INR 798.1 mm vs INR 1,050.6 mm in Q3FY’19 ̶ Capex during Q3 FY’20 is INR 24.5 m
Slide 8: Key Business Metrics
Key Business Metrics FY20 FY 20 FY 20 FY 19 FY 19 FY 19 FY 19 FY 18 FY 18 Metrics Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 USD 80% 81% 80% 80% 82% 82% 82% 79% 83% EURO 12% 11% 10% 10% 9% 10% 10% 13% 10% Currency Contribution (%) * GBP 6% 6% 7% 7% 7% 6% 6% 6% 6% Others 2% 2% 3% 3% 2% 2% 2% 2% 1% North America 66%
Slide 9: Revenue Mix Trends ($mm)
Revenue Mix Trends ($mm) 10% $3.9 $4.4 $3.8 8% $4.4 $13.4 $14.3 6% $4.9 $12.9 $12.0 4% $10.0 2% -1.0% -1% 2.1% -2.8% -3% -4.5% -5.6% -5% -7% FY19 Q3 FY19 Q4 FY20 Q1 FY20 Q2 FY20 Q3 Emerging (others) Emerging ($ 0.5 mm + ) Strategic (Top 10 %) Strategic growth is measured at quarterly YoY level www.e
Slide 10: Human Resources Update
Human Resources Update Headcount 9,520 87 91 9,123 393 89 8,785 422 90 81 641 85 430 520 629 638 572 568 7,788 7,321 6,983 FY19 Q3 FY20 Q2 FY20 Q3 Offshore Delivery Onshore Delivery Support Services Tech Services R&D BD Offshore Voluntary Attrition 46.0% 39.3% 35.8% FY19Q3 FY20Q2 FY20Q3 www.eclerx.c
Slide 11: 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 anticipate
Slide 12: Financial Summary – Quarterly View
Financial Summary – Quarterly View Metrics FY20 Q3 FY20 Q2 FY20 Q1 FY19 Q4 FY19 Q3 OPG revenue (USD mm) 51.8 50.1 50.9 51.2 50.2 Revenue OPG revenue (INR mm) 3,754 3,565 3,547 3,651 3,576 Total revenue (INR mm) 3,869 3,652 3,630 3,747 3,577 EBITDA (INR mm) 1,147 867 744 903 667 Profit EBIT (INR mm)
Slide 13: P&L Comparison – Quarterly View
P&L Comparison – Quarterly View Figures in INR millions. FY20 OPR FY20 OPR FY20 OPR FY19 OPR FY19 OPR Operating P&L Q3 (%) Q2 (%) Q1 (%) Q4 (%) Q3 (%) Total Revenue 3,869 3,652 3,630 3,747 3,577 Operating Revenue 3,754 3,565 3,547 3,651 3,576 Cost of Revenues Delivery and Support Employees Cost 1,89