eClerx Services Limited · NSE:ECLERX
eClerx Services — Q4 FY2021 Earnings Presentation
12 slides from eClerx Services's earnings presentation, Jun 10, 2021
Slide 1: Financial Performance – Q4FY21
Financial Performance – Q4FY21 June 10th, 2021
Slide 2: Financial Summary
Financial Summary Metrics FY21 Q4 Q-o-Q FY21 Y-o-Y OPG revenue (USD mm) 63.8 19.7% 210.4 5.0% Revenue OPG revenue (INR mm) 4,728 19.9% 15,645 8.8% Total revenue (INR mm) 4,766 19.9% 15,827 6.7% EBITDA (INR mm) 1,589 31.3% 4,825 30.3% Profit EBIT (INR mm)* 1,351 34.0% 4,015 34.1% Net profit (INR mm)
Slide 3: Other Income
Other Income Figures in INR millions. Other Income FY21 Q4 FY21 Q3 FY21 Q2 FY21 Q1 FY20 Q4 Investment Income 24.6 47.3 59.6 107.9 88.9 Revaluation Income* 4.9 (20.2) (64.5) (6.1) 75.9 Others 7.9 5.8 1.2 13.6 5.1 Total 37.5 32.9 (3.7) 115.4 169.9 * Gain / Loss regrouped as other income/expenses based
Slide 4: P&L Comparison
P&L Comparison Figures in INR millions. Operating P&L FY21 Q4 OPR (%) FY21 Q3 OPR (%) Total Revenue $ $63.8 $53.3 Total Revenue 4,766 3,976 Operating Revenue 4,728 3,943 Cost of Revenues Delivery and Support Employees Cost 2,261 47.8% 1,950 49.4% General and Administrative Expenses Facilities (Rent
Slide 5: Hedge Updates
Hedge Updates Current Hedge Status • Total outstanding hedges now $137.2 mm at average INR 77.7/$; 100% forwards Contract Year Currency Amount (mm) Avg. Rate (INR) FY21 Q1 $23.7 74.1 FY21 Q2 $27.7 74.5 Matured Forwards FY21 Q3 $21.7 74.7 FY21 Q4 $25.6 75.3 Total FY21 USD 98.7 74.6 FY22 Q1 $28.8 76.7
Slide 6: QoQ EBIT Bridge
QoQ EBIT Bridge Figures in INR millions 20.5 227.4 83.5 36.3 74.4 310.9 25.0 789.4 Q3 FY21 G&A S&D Core Inv. & Other FX Reval. Offshore Onshore Depreciation Q4 FY21 Revenue Income Change Employee Cost Employee Cost • G&A – Higher due to Personiv • S&D cost increase due to Personiv largely offset by
Slide 7: Balance Sheet & Other Updates
Balance Sheet & Other Updates • Total Cash and Cash Equivalents of INR 6,572 mm for FY’21 vs INR 7,703 mm for FY’20 - Reduction due to Personiv transaction and last Buyback - Equivalent to INR 193.2 per share FY’21 vs INR 213.4 for FY’20 - Net operating cash flow in FY’21 is INR 3,646 mm vs INR 3,32
Slide 8: Key Business Metrics
Key Business Metrics Metrics FY21 Q4 FY21 Q3 FY21 Q2 FY21 Q1 FY20 Q4 FY20 Q3 USD 79% 81% 81% 85% 82% 80% EURO 12% 13% 13% 9% 12% 12% Currency Contribution (%) * GBP 4% 4% 5% 4% 5% 6% Others 5% 2% 1% 2% 1% 2% North America 70% 66% 66% 71% 68% 66% Geographic Concentration * Europe 23% 28% 28% 23% 26%
Slide 9: Revenue Mix Trends ($mm)
Revenue Mix Trends ($mm) $24.4 $3.8 $5.1 $19.3 $19.3 $16.2 $4.5 $15.5 $13.6 $4.3 $14.8 22.8% $4.7 $4.0 $11.9 $10.8 $9.6 0.7% -1.4% -7.5% -7.2% FY20 Q4 FY21 Q1 FY21 Q2 FY21 Q3 FY21 Q4 Emerging ($ 0.5 mm + ) Emerging (others) Strategic (Top 10 %) Strategic growth is measured at quarterly YoY level; Q4
Slide 10: Human Resources Update
Human Resources Update 11,924 11,484 93 91 437 64 440 66 792 796 Headcount 623 607 8,550 81 441 85 639 538 9,915 9,484 6,766 FY20 Q4 FY21 Q3 FY21 Q4 Offshore Delivery Onshore Delivery Support Services Tech Services R&D BD Offshore Voluntary 35.8% Attrition* 31.3% 26.2% FY20Q4 FY21Q3 FY21Q4 *Personiv
Slide 11: Thank You
Thank You This presentation may contain forward-looking statements, which involves a various risks and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. The conditions caused by the COVID-19 pandemic could decrease customer’s techno
Slide 12: Balance Sheet Abstract
Balance Sheet Abstract Figures in INR millions. Particulars March 31, 2021 March 31, 2020 % Change Shareholder's Funds Capital 340 361 (6%) Minority Interest 9 6 46% Reserves and Surplus 14,668 12,701 15% Total Shareholder's Funds 15,017 13,068 Application of Funds Fixed Assets 5,948 3,524 69% Right