Veranda Learning Solutions Ltd. · NSE:VERANDA
Veranda Learning Solutions — Q2 FY25 Earnings Presentation
33 slides from Veranda Learning Solutions's earnings presentation, Nov 15, 2024
Slide 1: Exchange filing cover letter
Veranda Learning Solutions Limited 14th November 2024 BSE Limited National Stock Exchange of India Limited Dept of Corporate The Listing Services, Phiroze Department,Exchange Jeejeebhoy Towers, Dalal Plaza, Street, Fort, Bandra Kurla Complex, Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 543514 Symb
Slide 2: Veranda Learning Solutions Reports Stellar Q2 & H1 FY25 Performance
Press Release Veranda Learning Solutions Reports Stellar Q2 & H1 FY25 Performance • Total Income up 56% YoY, EBITDA grew 2.6X YoY for H1 FY25 Chennai, 14th November 2024: Veranda Learning Solutions Limited, a public listed Education company (BSE: 543514, NSE: VERANDA) and a pioneer in the industry o
Slide 3: Press release continued: expenses, EBITDA and chairman commentary
▪ Advertising and business promotion expenses for Q2FY25 & H1FY25 stood at Rs. 15.83 crores and Rs. 31.88 crores respectively. ▪ The Company reported an EBITDA of Rs. 30.40 crores in Q2FY25 compared to Rs. 16.75 crores in Q2FY24. The EBITDA for H1FY25 stands at Rs. 58.01 crores as compared to Rs. 22
Slide 4: Strategic partnerships
Strategic partnership with University of Technology Sydney Veranda HigherEd, partnered with the University of Technology Sydney to offer two new short courses in Digital and Social Media Marketing and Business Analytics. These courses are designed to provide professionals with the latest skills for
Slide 5: Veranda Learning Solutions
Veranda Learning Solutions Affordability | High-quality Content | Outcome-oriented Approach Investor Presentation | November 2024
Slide 6: Safe Harbor
Safe Harbor • This presentation and the following discussion may contain “forward looking statements” by Veranda Learning Solutions Limited (“Veranda Learning” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results
Slide 7: Agenda
Agenda 01 Result Highlights 02 Company Overview 03 Veranda’s Ecosystem 04 Growth Drivers 05 Financial Highlights
Slide 8: Q2 & H1FY25 Performance
Q2 & H1FY25 Performance
Slide 9: Marching Towards Growth
MARCHING TOWARDS GROWTH Reported Strong EBITDA Growth of 81.54% Q2 FY25 Performance Highlights (YOY) EBITDA Trend (Rs. in Cr) Total Income 30.40 40.91% Total Income for Q2FY25 stood at 27.61 YoY Rs. 140.45 crores compared to Rs. 100.27 crores in Q2FY24 22.71 16.75 17.19 EBITDA Positive Reported posi
Slide 10: Key Financial & Business Highlights – Q2 & H1 FY25
Key Financial & Business Highlights – Q2 & H1 FY25 Revenue from Operations EBITDA PAT 138.62 30.40 -1.53 98.37 Q2 FY 25 16.75 -30.37 All figures (in Rs. Cr) Q2FY24 Q2FY25 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Revenue from Operations EBITDA PAT 257.61 58.01 H1 FY 25 167.27 -20.86 22.39 -55.52 H1FY24 H1FY25 H1F
Slide 11: From the Chairman's Desk
From the Chairman’s Desk Commenting on the results, Mr. Kalpathi. S. Suresh, Executive Director and Chairman, Veranda Learning Solutions, said “I am pleased to announce that Veranda Learning made remarkable progress in Q2FY25, demonstrating the resilience of our core verticals. Leveraging the strong
Slide 12: Consolidated P&L Highlights
Consolidated P&L Highlights Particulars (Rs. Crores) Q2 FY25 Q2 FY24 Y-o-Y Q1 FY25 Q-o-Q H1FY25 H1FY24 Y-o-Y Revenue from Operations 138.62 98.37 40.91% 118.99 16.50% 257.61 167.27 54.00% Other Income 1.83 1.90 7.43 9.26 3.48 Total Income 140.45 100.27 40.07% 126.42 11.09% 266.87 170.75 56.29% Gross
Slide 13: Veranda Company Overview
Veranda Company Overview
Slide 14: Veranda Learning – Empowers from learning to leading
Veranda Learning – Empowers from learning to leading Veranda Learning Solutions is engaged in the business of offering diversified and integrated learning solutions in online, offline hybrid and offline blended formats to students, aspirants, and graduates professionals and corporate employees Promo
Slide 15: Our Journey so far
Our Journey so far • Apr 2024 : Promoter share warrants - 20 lakh shares issued to promoters at 70% premium (Rs.307) • Mar 2024 : Raises ~INR 425 crs via unlisted NCDs from BPEA credit for repayment of existing loans and Expansion acquiring Tapasya • Jan 2023: Business Transfer Agreement with Chenna
Slide 16: Veranda's Ecosystem
Veranda’s Ecosystem
Slide 17: Veranda Learning Empowers – A path to success
Veranda Learning Empowers – A path to success COURSES CRAFTED FOR EVERY PATH K - 12 Test Preparation Undergraduate Courses Higher Education Test Preparation Test Preparation Professional Skill development 13
Slide 18: Our Business Segments & its offerings
Our Business Segments & its offerings Academic Commerce Government Vocational Test Prep Test Prep OFFERINGS Dedicated coaching Specialised coaching Skill Training & Internships, Veranda K – 12 for CA, ACCA, for various competitive Upskilling Courses, & CMA, CFA and other & civil services exams Recru
Slide 19: Effective Delivery Models & its Strong Brand Presence
Effective Delivery Models & its Strong Brand Presence High Quality Education Online Learning Blended Efficient Recruitment & Learning Training Personalised Learning Strategic Partnerships Innovative Technology Live Online Classes Integration Scalable and Efficient Business Model 15
Slide 20: Veranda Learning – Coaching centres across India
Veranda Learning – Coaching centres across India 200+ Diversified Footprint across India Centres (across all courses) Wide Building presence across India Presence Strong Hold Established strong offline presence in Across India Southern and Western India 16
Slide 21: Proficient Team to drive the business
Proficient Team to drive the business ▪ More than a decade of experience in the Education industry ▪ Founded SSI in 1991, providing software education and IT training; key milestones include listing on NSE and BSE, formed a JV with NASDAQ, acquired Albion Orion Company LLC and acquired controlling s
Slide 22: Prominent Board Members
Prominent Board Members S. Lakshminarayanan Revathi S. Raghunathan P.B. Srinivasan Independent Director Independent Director Independent Director ▪ Former CFO in IT education/software and ▪ Chartered Accountant and Insolvency ▪ Partner at P. B. Vijayaraghavan & Co., Finance Director in facility mana
Slide 23: Veranda Learning – Key Team Members (1/2)
Veranda Learning – Key Team Members (1/2) Saradha Govindarajan Aditya Malik Pravin Menon Chief Financial Officer Chief Operating Officer Chief Marketing Officer ▪ 15+ years of experience in the areas of ▪ Formerly served as the CEO – Veranda Higher ▪ 26+ years of experience in marketing in Finance,
Slide 24: Veranda Learning – Key Team Members (2/2)
Veranda Learning – Key Team Members (2/2) Santhoshkumar P K. Subramanyam Bharat Seeman CEO, Veranda Race CEO, Veranda k-12 CEO, Veranda IAS Ex-founder, Veranda Race ▪ 7+ years of experience in operations ▪ 15+ years of experience in setting up & ▪ 10+ years of experience in business management at Ve
Slide 25: Veranda Growth Strategy
Veranda Growth Strategy
Slide 26: Veranda Learning – Growth Strategy
Veranda Learning – Growth Strategy TRACK RECORD – FY 24 ✓ Attuned to the evolving demands of learners and job market, constantly New Courses diversify range of courses 6,93,874 and Offering ✓ Proactive approach to identify emerging disciplines and skills, and design courses to meet needs of learners
Slide 27: Industry Growth Drivers
Industry II Growth Drivers
Slide 28: Geographical Segmentation - Global
Geographical Segmentation - Global Market Size Market Size Growth Rate Region (2021) (2027) CAGR (2021-27) Asia Pacific Countries (APAC) $107.63 BN $277.39 BN 17.09% North America $52.62 BN $109.27 BN 12.95% Europe $39.62 BN $92.26 BN 15.13% Latin America $29.68 BN $72.95 BN 16.17% Middle East & Afr
Slide 29: Indian Ed-tech Sector – Market Size
Indian Ed-tech Sector – Market Size 90 Edtech Market in India 2021–2027 ($ billion) 30.00% 80 25.00% 70 60 20.00% Growth Rate 50 15.00% 19.17% 40 CAGR 30 10.00% (2021-2027) 20 5.00% 10 0 0.00% 2021 2022 2023 2024 2025 2026 2027 Revenue 27.41 30.48 35.23 41.98 51.25 63.25 78.5 Growth Rate 11.20% 15.5
Slide 30: Indian Sector – Boom for Upskilling & Reskilling Courses
Indian Sector – Boom for Upskilling & Reskilling Courses Upskilling and Reskilling – A budding requirement A McKinsey global survey in February 2020 found that 9 in 10 executives and managers are either already facing skills gaps in their organizations or expect gaps to develop within the next 5 yea
Slide 31: Financial Performance
Financial Performance
Slide 32: Financial Highlights
Financial Highlights Total Income (Rs. Crores) EBITDA (Rs. Crores) Revenue Break-up (H1FY25) 370.02 62.29 58.01 30% 266.87 199.92 70% -33.67 Online % Offline % FY23 FY24 H1FY25 FY23 FY24 H1FY25 Enrolments – B2C 1,58,407 91,667 82,048 FY23 FY24 H1FY25 28
Slide 33: Let's Connect
Veranda Learning Solutions Limited Let’s Connect Ernst & Young, LLP Mr. Abhishek Bhatt Mr. Vivek Raghuram, Investor Relations [email protected] [email protected] Ms. Mahalakshmi Venkatachalam [email protected] Veranda Learning Solutions Ltd, G.R. Complex, First Fl
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