Quess Corp. Ltd. · NSE:QUESS
Quess — FY2019 Earnings Presentation
19 slides from Quess's earnings presentation, May 22, 2019
Slide 1: Earnings Update FY19
Earnings Update FY19 22nd May 2019
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Quess Corp Limited (“Company") solely for information purposes without any regard to any specific objectives, financial situations or informational needs of any particular person. This presentation may not be copied, distributed or disseminated, dire
Slide 3: FY 19 Performance Summary
FY 19 Performance Summary 38% 21.4 318K YoY Revenue Headcount Adjusted EPS* up Growth up from from 24% Organic 19.7 262K in FY18 Growth 31% YoY EBITDA growth 43% OCF/EBIDTA Up ₹ 465 Cr from from 31% in FY18 ₹ 354 Cr Please click here to download the Press Release *PAT/EPS adjusted for non cash and n
Slide 4: Key Statistics
Key Statistics Quarterly Comparison Q4’FY19 Q4’FY18 Annual Comparison FY19 FY18 Headcount 318K Headcount 318K 262K 262K +22% +22% Revenue Revenue 8,527 2,295 1,891 6,167 +21% +38% EBITDA EBITDA 132 109 465 354 +21% +31% EBITDA Margin EBITDA Margin 5.74% 5.78% 5.45% 5.75% (4) bps (30) bps PBT PBT 88
Slide 5: Income Statement
Income Statement Key Highlights Q4FY19 vs Q4FY18 Particulars Q4 FY19 Q4 FY18 Var % FY19 FY18 Var % Revenue from operations 2,295 1,891 21% 8,527 6,167 38% • Gross Revenue grew by 21% y-o-y to ₹2,295 cr Less: • EBITDA grew by 21% YoY to ₹132 cr Employee benefit expense (1,821) (1,514) 20% (6,713) (5,
Slide 6: Balance Sheet
Balance Sheet Particulars 31-Mar-19 31-Mar-18 Var% Non-current assets Key Highlights Fixed assets 236 233 1% Intangibles 1,435 1,401 2% • Overall Debt reduced by ₹ 209 cr to ₹ 784 cr in FY19 Investments 90 89 1% from ₹ 994 cr in FY18 due to better working capital Other non-current assets 846 487 74%
Slide 7: Delivering Consistent Organic Growth
Delivering Consistent Organic Growth Total Revenue Growth 38% YoY (FY19) Inorganic Contribution – FY19 ₹ 8,527 Cr of which, Organic Growth contribution stood at Organic ₹ 33 Cr ₹ 3 Cr 24% ₹ 7,210 Cr ₹ 107 Cr ₹ 149 Cr ₹ 171 Cr ₹ 6,167 Cr ₹ 854 Cr Inorganic ₹ 333 Cr Organic 24% YoY Organic ₹ 5,835 Cr
Slide 8: Improvement in Operating Cash Flows / Gross Debt/Revenue
Improvement in Operating Cash Flows 59% OCF/EBITDA Conversion 44% Consistent improvement in Operating cash 35% 31% 31% flow conversion through better working 29% capital management. OCF/EBITDA FY17 FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Gross Debt to Gross Debt/Revenue Leverage Ratio# Revenue has Steady i
Slide 9: Impact Of Non cash & Non-operating Items On P&L
Impact Of Non cash & Non-operating Items On P&L Amortization of Customer Related Intangible Assets Impact of Non controlling Interest option • All our acquired businesses are : • Quess has an obligation to acquire balance equity shares in a. Asset light with low NAV. subsidiaries such as Conneqt, Ve
Slide 10: Key Strategic Initiatives
Key Strategic Initiatives
Slide 11: Corporate Development Initiatives
Corporate Development Initiatives Simplified Operating Streamlined Reporting and Unified Branding Structure Leadership Review Mechanism • Transition from Segments to • Leadership structure aligned to • Consolidate brands under Quess • Creation of a Management Platform Structure Platform strategy umb
Slide 12: Segment Update
Segment Update
Slide 13: Quarterly Segment Results
Quarterly Segment Results People Services Technology Solutions Facilities Management 1,107 714 711 328 991 Revenue 840 312 608 QoQ: 5% QoQ: 12% QoQ: 0% 289 YoY: 14% YoY 32% YoY: 17% 26 50 21 47 56 40 19 39 38 QoQ: 20% QoQ: 19% QoQ: 24% EBIT YoY 49% YoY 37% YoY: 29% FY18Q4 FY19Q3 FY19Q4 FY18Q4 FY19Q3
Slide 14: Annual Segment Results
Annual Segment Results People Services Technology Solutions Facilities Management 3,880 2796 1230 Revenue 2,878 1,868 1,027 YoY 35% YoY: 50% YoY: 20% 164 85 184 67 136 118 EBIT YoY 35% YoY: 39% YoY 26% FY18 FY19 FY18 FY19 FY18 FY19 Industrials Internet 472 149 370 Revenue YoY 27% YoY 535% 23 FY18 FY
Slide 15: People Services - Business Update
People Services - Business Update Q4 Revenue EBIT Annual Revenue EBIT Q4’ 19 1107 56 FY’19 3,880 184 Q4’ 18 840 38 FY’18 2,878 136 YoY Change (%) 32% 49% YoY Change (%) 35% 35% Headcount: Quess’ General Staffing headcount crossed 192,000 as on March 31, 2019. This was led by a strong addition of 24
Slide 16: Technology Solutions - Business Update
Technology Solutions - Business Update Q4 (Rs. in Cr) Revenue EBIT Annual (Rs. in Cr) Revenue EBIT Q4’19 711 50 FY’19 2,796 164 Q4’18 608 39 FY’18 1,868 118 YoY Change (%) 17% 29% YoY Change (%) 50% 39% Conneqt: Witnessed sustainable growth by addition of 04 new clients and 09 new lines of businesse
Slide 17: Facility Management - Business Update
Facility Management - Business Update Q4 (Rs. In Cr) Revenue EBIT Annual (Rs. In Cr) Revenue EBIT Q4’19 328 26 FY’19 1,230 85 Q4’18 289 19 FY’18 1,027 67 YoY Change (%) 14% 37% YoY Change (%) 20% 26% Facility Management (FM) business continued its strong organic growth momentum during the year led b
Slide 18: Internet - Business Update
Internet - Business Update Q4 (Rs. In Cr) Revenue EBIT Annual (Rs. In Cr) Revenue EBIT Q4’19 39 -14 FY’19 149 -31 Q4’18 23 -4 FY’18 23 -4 YoY Change (%) 65% YoY Change (%) 535% Monster: The company launched a revamped Monster.com portal across India, SEA and Gulf in Q4’FY19. Monster: The Core Servic
Slide 19: THANK YOU
THANK YOU Quess Corp Limited 3/3/2, Bellandur Gate, Sarjapur Road, Bangalore – 560095, Karnataka, India │ www.quesscorp.com