R Systems International Limited · NSE:RSYSTEMS
R Systems International — Q3 2022 Earnings Presentation
13 slides from R Systems International's earnings presentation, Dec 1, 2022
Slide 1: Analytical Review Q3 2022 Results
Analytical Review Q3 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 Q3 2022
Key Highlights Q3 2022 Revenue ₹ 398.24 Cr (US$ 50.08 Mn) QoQ +ve 6.20% YoY +ve 30.24% EBITDA ₹ 57.90 Cr (US$ 7.31 Mn) Net Profit ₹ 36.79 Cr (US$ 4.64 Mn) Earnings Per Share ₹ 3.11 14.54 15.98 13.09 Key Wins 10 Share Holder Funds ₹ 489.89 Cr (US$ 60.22 Mn) EBITDA Revenue % Net Cash Balance ₹ 229.42
Slide 4: Key Highlights Jan to Sep 2022
Key Highlights Jan to Sep 2022 Revenue ₹ 1,116.33 Cr (US$ 144.52 Mn) YoY +ve 35.00% EBITDA ₹ 148.63 Cr (US$ 19.24 Mn) Net Profit ₹ 98.30 Cr (US$ 12.73 Mn) Sep 30, 2022 Dec 31, 2021 13.31 14.07 Receivable ₹ 235.95 Cr ₹ 177.98 Cr Unbilled ₹ 75.75 Cr ₹ 52.86 Cr Day Sales 61 Days 52 Days EBITDA Revenue
Slide 5: Key Highlights (Continues…)
Key Highlights (Continues…) Continued Revenue growth On-boarded 180+ technical for digital and technology associates services Margin improvement backed Serving 45+ million dollar by volume growth, improvement in billing rate plus customers as against 38 and rupee depreciation a year ago Utilization
Slide 6: Financial Performance – Contribution Analysis – Q3 2022
Financial Performance –Contribution Analysis – Q3 2022 Q3 2022 Q3 2021 Q2 2022 Particulars ₹ in Mn US$ in Mn ₹ in Mn US$ in Mn ₹ in Mn US$ in Mn Revenues 3,982.39 50.08 3,057.74 41.39 3,749.78 48.74 Cost of revenues 2,533.76 31.83 1,907.23 25.81 2,424.90 31.51 Gross margin 1,448.63 18.25 1,150.51 15
Slide 7: Revenue and Gross Margin Analysis Q3 2022
Revenue and Gross Margin Analysis Q3 2022 Revenues Gross margin 6.20% 1.05% Increase in Revenue Resulted from Increase in Gross Margin Resulted from Volume gain 3.08% Rupee depreciation 1.07% Rupee depreciation 2.73% Higher billable days 0.76% Impact of rate increase 0.39% Increase in avg. salary (0
Slide 8: Big Picture – Revenue & EBITDA %age – Quarter wise
Big Picture – Revenue & EBITDA %age – Quarter wise 398 400.00 20.0 375 343 329 306 320.00 16.0 274 16.0 14.5 248 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 Q3 22 Revenue EBITDA % 8
Slide 9: Quarterly Revenue Breakdown
Quarterly Revenue Breakdown By Geography (%) 80.0 71.5 74.2 75.6 67.5 67.6 70.2 69.7 60.0 40.0 20.0 14.215.7 14.315.3 12.813.7 13.013.9 12.812.3 10.812.1 9.0 12.8 1.9 0.7 2.0 0.8 2.6 0.7 2.5 0.9 2.5 0.9 2.2 0.7 1.6 1.0 - Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 North America Europe SEAC* India Othe
Slide 10: Billable Associates
Billable Associates 4,000 3,718 3,899 3,548 3,632 3,327 802 661 687 3,200 3,030 635 2,801 593 569 503 2,400 1,600 3,097 2,913 2,971 3,031 2,734 2,298 2,461 800 0 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Added 180 + Technical Associates during Q3 2022 IT BPO 10
Slide 11: Utilization %
Utilization % 100.0 96.6 98.0 98.0 95.4 95.7 95.6 96.5 78.5 77.5 77.1 77.8 76.5 76.7 75.5 75.8 76.9 74.5 74.9 72.2 74.2 73.3 75.0 (%) 50.0 25.0 0.0 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Onsite Offshore Blended 11
Slide 12: Summing Up and Looking Ahead
Summing Up and Looking Ahead • Robust revenue growth during first three Continued Focus quarters of 2022 • Soft Demand environment amid • Partnering with customers in navigating weakening macro environment successful digital transformations • Focused efforts for margin expansion • Expand margins by
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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