R Systems International Limited · NSE:RSYSTEMS
R Systems International — Q4 2020 Earnings Presentation
15 slides from R Systems International's earnings presentation, March 2021
Slide 1: Analytical Review Q4 & Year 2020 Results
R Systems Analytical Review Q4 & Year 2020 Results Intensifying Digital Transformation
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 Year 2020
Key Highlights Year 2020 Net Profit ₹ 82.2 Cr (US$ 11.1 Mn) Revenue EBITDA Earnings ₹ 6.9 Per Share ₹ 880.6 Cr ₹ 116.8 Cr (US$ 119.2 Mn) (US$ 15.8 Mn) YoY 8.80% YoY 59.9% Share Holder ₹ 426.6 Cr Funds (US$ 58.4 Mn) EBITDA as % of Revenue Net Cash 13.27 ₹ 302.8 Cr 9.03 Balance (US$ 41.4 Mn) Day Sales
Slide 4: Key Highlights Q4 2020
Key Highlights Q4 2020 Revenue EBITDA Net Profit ₹ 236.6 Cr ₹ 38.0 Cr ₹ 29.4 Cr (US$ 32.1 Mn) (US$ 5.2 Mn) (US$ 3.9 Mn) QoQ 5.5% QoQ 6.8% QoQ 8.2% EBITDA as % of Revenue 15.87 16.06 10.22 Q4 2020 Q4 2019 Q3 2020
Slide 5: Key Highlights (Continues …)
Key Highlights (Continues …) Reported Record Revenues amid On‐boarded 330+ associates the pandemic with strong during H2‐2020 to support strong improvement in margins sales funnel Witnessed good traction towards Serving 30 million dollar plus digital services and solutions customers including 5 acco
Slide 6: Financial Performance – Contribution Analysis – Year 2020
Financial Performance – Contribution Analysis – Year 2020 Figures in Mn Year 2020 Year 2019 Particulars ₹ US$ ₹ US$ Revenues 8,805.91 119.16 8,093.75 115.18 Cost of revenues 5,579.22 75.50 5,289.33 75.27 Gross margin 3,226.69 43.66 2,804.42 39.91 36.64% 34.65% SG & A Expenses 2,058.28 27.86 2,073.74
Slide 7: Revenue and Gross Margin Analysis – Year 2020
Revenue and Gross Margin Analysis – Year 2020 xxx xxx Revenues Gross margins 8.80% 1.99% Increase in Revenue Increase in Gross Margins from: from: Rupee depreciation Lesser travel and BPO transport 1.46% 5.44% Rupee depreciation Volume gains 1.31% 3.36% Saving in other COGS & Govt. grant 0.53% Salar
Slide 8: Financial Performance – Contribution Analysis – Q4 2020
Financial Performance – Contribution Analysis – Q4 2020 Figures in Mn Q4 2020 Q4 2019 Q3 2020 Particulars ₹ US$ ₹ US$ ₹ US$ Revenues 2,366.41 32.12 2,128.71 30.01 2,243.03 30.25 Cost of revenues 1,477.94 20.06 1,361.51 19.18 1,392.61 18.78 Gross margin 888.47 12.06 767.20 10.83 850.42 11.47 37.55% 3
Slide 9: Revenue and Gross Margin Analysis - Q4 2020
Revenue and Gross Margin Analysis ‐ Q4 2020 xxx xxx Revenues Gross Margins 5.50% (0.36)% Increase in Revenue Decrease in Gross Margins from: from: Salary raises Volume gains (1.09)% 5.50% Increase in utilization 0.45% Decrease in other COGS 0.28% INR Depreciation against Euro has offset the impact o
Slide 10: Big Picture – Revenue & EBITDA %age
Big Picture – Revenue & EBITDA %age 250.0 236.6 20 224.3 212.9 209.3 210.4 202.8 196.3 197.4 200.0 15.87 16.06 15 150.0 ₹ in Crores 10.98 10 10.22 % 9.63 100.0 8.98 9.03 7.79 5 50.0 0.0 0 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20* Q2 20* Q3 20* Q4 20* Revenue EBITDA % * Post Ind‐AS 116 Adoption
Slide 11: Billable Associates
Billable Associates 2700 2,672 2,463 2,469 2,453 2,506 2,380 488 2,347 2,335 438 471 610 437 643 436 472 1800 2,184 2,068 1,982 1,943 1,899 1,875 1,859 1,820 900 0 Added net 330 + Technical Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Associates during H2‐ 2020. IT BPO
Slide 12: Utilization
Utilization 85% 82.7% 81.1% 79.8% 80.3% 81.0% 79.7% 79.5% 77.7% 78.8% 78.4% 79.5% 80.8% 78.2% 78.4% 79.0% 78.6% 77.0% 77.1% 77.6% 76.9% 75% 74.6% 72.3% 71.6% 69.1% 65% Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 IT BPO Blended
Slide 13: Revenue Breakdown
Revenue Breakdown By Geography Client Concentration 40.0% 1.2% 1.3% 0.9% 35.3% 100% 1.6% 1.5% 1.6% 17.0% 16.3% 31.8% 18.9% 28.5% 15.0% 13.2% 75% 17.9% 23.5% 20.4% 20.0% 19.0% 50% 16.1% 14.7% 14.1% 65.2% 68.0% 60.4% 25% 7.7% 6.2% 5.9% 0% 0.0% Year 2018 Year 2019 Year 2020 Year 2018 Year 2019 Year 202
Slide 14: Summing Up and Looking Ahead
Summing Up and Looking Ahead Focus for 2021 • Partnering with Regained momentum to report revenue growth in customers in navigating FY 2020 with strong margin improvement successful digital transformations Businesses have shown renewed interest in digital and technology services to align in this new
Slide 15: Contact Information
Contact Information Nand Sardana Chief Financial Officer Tel # 0120 – 4303506 Email: nand.sardana@rsystems.com Thank You Kumar Gaurav for your Support AVP Finance & Accounts Tel # 0120 ‐ 4082650 Email: kumar.gaurav@rsystems.com Bhasker Dubey Company Secretary & Compliance Officer Tel # 0120 ‐ 430356
R Systems International — Q4 2020 Earnings Presentation on 6ix