Ags Transact Technologies Ltd. · NSE:AGSTRA
Ags Transact Technologies — Q3 FY24 Earnings Presentation
31 slides from Ags Transact Technologies's earnings presentation, Feb 8, 2024
Slide 1: Regulation 30 intimation cover letter
February 8, 2024 To, To, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai – 400001 Mumbai - 400051 BSE Scrip Code: 543451 NSE Scrip Symbol: AGSTRA Sub: Intimation under Regulation 30 of t
Slide 2: Investor Presentation February 2024
Investor Presentation February 2024
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by AGS Transact Technologies Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for
Slide 4: Q3 & 9M FY24 Performance
Q3 & 9M FY24 Performance Transact Technologies Ltd.
Slide 5: Management Commentary
Management Commentary “During the quarter, we reported revenue from operations of Rs 3,737 million with adjusted EBITDA margin of 23.8%. In Q2FY24, our revenue from services increased to 98% in line with our strategy to move away from value-dilutive businesses. We won three major orders from the lea
Slide 6: Performance Highlights – Q3 & 9M FY24
Performance Highlights – Q3 & 9M FY24 ₹ Mn Total Income Adj EBITDA PAT 27.6% 24.1% 23.8% • During the Q3FY24 and Q2FY24, the company reassessed recoverability of certain aged receivables and 124 4,248 1,171 3,886 conservatively provided for a loss 3,840 -154 allowance of Rs. 346 million and 450 938
Slide 7: Consolidated Statement of Profit and Loss
Consolidated Statement of Profit and Loss (In ₹mn) Q3FY24 Q3FY23 YoY Q2FY24 QoQ 9MFY24 9MFY23 YoY Revenue from operations 3,737 4,154 3,765 11,215 12,466 Other income 103 94 121 306 260 Total income 3,840 4,248 -10% 3,886 -1% 11,520 12,726 -9% Expenses COGS 291 539 385 916 1,282 Employee benefit exp
Slide 8: Adjusted EBITDA and PBT Bridge
Adjusted EBITDA and PBT Bridge (In ₹mn) Q3FY24 Q3FY23 Q2FY24 9MFY24 9MFY23 Reported EBITDA 678 1,102 195 1,788 3,484 Add: ESOP Expenses 9 14 7 22 67 Add: Non-recurring items Loss allowance on trade receivables 346 50 450 796 105 Forex loss due to devaluation of currency of Sri Lanka - 5 - - 20 Commi
Slide 9: Company Overview
Company Overview – Divider Slide Company Overview 8
Slide 10: Company Snapshot
Company Snapshot Three Major business Segments: 1) Payment Solutions Omni-channel Ongo & Fastlane Business One of the largest Built digital payment solutions - Ongo & Fastlane; integrated omni-channel Overview payment solutions One of the largest providers catering to deployers of POS terminals bank
Slide 11: Journey / Key Milestones
Journey / Key Milestones Slide Incorporated AGS Transact • Started manufacturing of • Entered into a cooperation • Introduced currency Technologies Limited paint dispensers at Daman agreement with Diebold technology solution under • Established relationship Nixdorf for banking and the brand ‘Genuine
Slide 12: Integrated Omni-Channel Payment Solutions Provider
Integrated Omni-Channel Payment Solutions Provider Preferred partner for cash and digital payment solutions End-to-end cash and digital payment solutions and technology provider with a dominant presence across India (As of 9MFY24) 1 ATM & CRM Outsourcing / Management 37,282 ATMs, including 8,477 Cas
Slide 13: Omni-Channel, end-to-end Payments Solutions Provider
Omni-Channel, end-to-end Payments Solutions Provider Managed Services (MSP) Independent Deployment (IAD) 1 2 3 4 5 6 7 8 9 10 Procurement, Daily Operations Cash Monitoring, Incident Second Line MIS, Dashboards & Profitability Switching/ Asset Site Selection Installation Management Management Managem
Slide 14: End-to-end digital payments platforms
End-to-end digital payments platforms Merchant Analytics application Loans Against Cash @ POS Vehicle Card Receivables / Micro-ATM Continue to monetise POS network At the Forecourt Insurance In the Sales Office to cross-sell VAS to merchants. Expand Ongo ecosystem and provide a larger suite of VAS t
Slide 15: Business Lines – Cash/Digital, Banking & Other Automation
Business Lines – Cash/Digital, Banking & Other Automation Payment Acceptance Value Added Services (Device-based and device- Integrated Payments Merchant Application Loans Against Card less) Billing Software CUG Prepaid & Loyalty Solution (IPS) and Portal Receivables Banking Automation Solutions Othe
Slide 16: Operational Metrics
Operational Metrics Number of PoS Terminals GTV through POS ₹ Mn 2,47,623 2,52,497 2,48,126 2,36,588 2,200+ 2,91,711 2,07,335 2,05,718 1,71,809 1,71,856 Cities 1,11,773 1,42,751 35 81,962 Office Locations FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY21 FY22 FY23 9MFY24 75+ Banking Partners Breakdown
Slide 17: End-to-End Provider of Cash Payment Solutions
End-to-End Provider of Cash Payment Solutions In-House Cash Management Capabilities SVIL | Second largest cash management company in India, in terms of revenue from cash management and number of ATMs replenished1 M Services and Doorst Transit Se ssin g & Va ated Cash AT up in r ce ul dic Va h ep De
Slide 18: Way Forward
Way Forward Pivot from Payments-as-a-service to Continued Focus on ATM & Payments-as-a-convenience through CRM Outsourcing & Managed International Expansion Ongo Card & Ecosystem Services 1 2 3 4 5 6 Focus on Cash Management Grow Digital Payment Services (offer robust Enhanced Integrated Solutions B
Slide 19: Industry Overview
Annexures – Divider Slide Industry Overview 18
Slide 20: Fast Growing Digital Payments Industry
Fast Growing Digital Payments Industry Digital Payments growth momentum expected to continue Digital Payment Industry Transaction Volume of Cards (in Bn) Payments industry expected to be $106 Tn inflows and Transaction Volume of PPIs (in Bn) $50Bn in revenue terms in 2030 106.2 Debit Card Credit Car
Slide 21: Strong Growth in the Cash Payments Industry
Strong Growth in the Cash Payments Industry Despite growth of cashless transactions, people in India rely heavily on cash transactions Cash Payments Industry • Cash Transactions account for 89% of all transactions (FY22) Cash in circulation as a % of GDP* Cash withdrawal from ATMs back to PreCovid l
Slide 22: Historical Financials
Annexures – Divider Slide Historical Financials 21
Slide 23: Financial Metrics
Financial Metrics ₹ Mn Total Total Income Income Adjusted EBITDAEBITDA & EBITDA & EBITDA MarginMargin Adjusted Profit Before Tax & Margin 27.3% 26.7% 26.7% 28.7% 25.0% 6.8% 4.7% 4.8% 6.8% 1.4% 17,972 17,973 18,335 17,075 1,246 5,005 1,163 4,907 4,796 4,790 11,520 869 853 2,881 164 FY20 FY21 FY22 FY2
Slide 24: Segmental Performance
Segmental Performance ₹ Mn ₹ Mn Cash Payment Solution Revenues Digital Payment Solution Revenues Revenue from operations Breakdown 11,208 10,567 2,800 11,298 2,486 2,236 11,366 10,816 2,675 2,140 1,570 7,591 FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY21 FY22 FY23 9MFY24 Banking Automation Solutions
Slide 25: Consolidated Statement of Profit and Loss
Consolidated Statement of Profit and Loss (In ₹mn) FY23 FY22 YoY FY21 Revenue from operations 16,713 17,719 17,589 Other income 362 254 382 Total income 17,075 17,973 -5% 17,972 Expenses COGS 1,782 2,281 2,630 Employee benefit expenses 2,328 2,547 2,749 Other expenses 8,058 8,355 7,797 Adjusted EBIT
Slide 26: Consolidated Balance Sheet
Consolidated Balance Sheet (In ₹mn) FY23 FY22 FY21 (In ₹mn) FY23 FY22 FY21 Non-current assets Equity and liabilities Property, plant and equipment 4,975 5,425 6,032 Equity Right – of – use Asset 2,619 3,210 3,207 Equity share capital 1,205 1,202 1,186 Capital work-in-progress 345 435 469 Other equit
Slide 27: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement (In ₹mn) FY23 FY22 FY21 (A) Cash flow from operating activities Net restated profit/(loss) before tax 575 (666) 824 Adjustments: 3,981 5,159 3,687 4,557 4,494 4,511 Changes in working capital : Decrease / (increase) in inventories (96) 48 (81) (Increase) / decrease i
Slide 28: Annexures
Annexures – Divider Slide Annexures 27
Slide 29: Board of Directors and Senior Management Team
Board of Directors and Senior Management Team • One of the Promoters of the Company Ravi B. Goyal • Responsible for the management of the overall operations of our Company and our Subsidiaries (Chairman & • Prior to establishing AGS, founded Advanced Graphic Systems, a proprietary concern, to market
Slide 30: AGS Transact Technologies - Corporate Structure
AGS Transact Technologies - Corporate Structure Promoters and 65.52% AGS Transact Technologies Promoter Group Ltd. 100% 100% 100% Global Transact Services Pte. Ltd 90% Novus Technologies Pte. Ltd. India Transact Securevalue India Ltd. (Cash and Digital Payment Services Ltd. (Cash Management) Solutio
Slide 31: Thank You
THANK YOU AGS Transact Technologies Limited CIN: L72200MH2002PLC138213 Ms. Sneha Kadam Company Secretary & Compliance Officer Email id: companysecretary@agsindia.com Tel No: 022 - 71818181 Strategic Growth Advisors Pvt Ltd. CIN: U74140MH2010PTC204285 Shikha Puri / Riddhish Bhayani Email id: shikha.p
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