This is with reference to our intimation dated February 28, 2022 regarding Investors/ Analysts call of R Systems International Limited (���the Company���) on Wednesday, March 02, 2022.In this regard, ...
R SYSTEMS INTERNATIONAL LIMITED Corporate Identity Number : L74899DL1993PLC053579 [CMMI Level 5, PCMM Level 5, ISO 9001:2015 & ISO 27001:2013 Company] C-40, Sector-59, NOIDA, Distt. Gautam Budh Nagar, U.P., India – 201 307
Phones: +91-120-4303500 Fax: +91-120-4082699
Email : rsil@rsystems.com www.rsystems.com
Regd. Off.: GF-1-A, 6, Devika Tower, Nehru Place, New Delhi- 110019
REF: SECT/03/2022/01
DATE: MARCH 02, 2022
To, The Managing Director National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra – East, Mumbai – 400 051
To, The General Manager BSE Limited Department of Corporate Services, Rotunda Building, 1st Floor, Mumbai Samachar Marg, Fort, Mumbai - 400 001
NSE Symbol – RSYSTEMS
BSE Scrip Code - 532735
Dear Sir/ Madam,
SUB: SUBMISSION OF PRESENTATION MADE TO ANALYSTS/ INVESTORS
This is with reference to our intimation dated February 28, 2022 regarding Investors/ Analysts call of R Systems International Limited (“the Company”) on Wednesday, March 02, 2022.
In this regard, as per Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed presentation made to Analysts/ Investors on March 02, 2022 on the financial results for the quarter and year ended December 31, 2021.
This is for your information and records.
Thanking you,
Yours faithfully,
Thanking You, For R Systems International Limited
Bhasker Dubey (Company Secretary & Compliance Officer)
Analytical Review Q4 & Year 2021 Results
© 2021 R Systems All rights reserved.
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.
actual
results, performance, or achievements
could differ from those expressed or implied in
such forward-looking statements.
Key Highlights Year 2021
Revenue
₹ 1,155.64Cr (US$ 156.52M)
EBITDA : ₹161.46Cr (US$ 21.87M)
YoY Growth
+ve 31.23%
13.97
13.27
Key Wins
30
Net Profit
Earnings Per Share
₹ 141.44Cr (US$ 19.16M)
₹ 11.85
Year 2021
Year 2020
EBITDA Revenue (%)
Shareholder and Cash Balance
As at Dec 31, 2021
In ₹
In US$
Share Holder Funds
₹ 460.30Cr
US$ 61.92M
Net Cash Balance
₹ 277.45Cr
US$ 37.32M
Key Highlights Q4 2021
Revenue
Growth
₹ 328.65Cr (US$ 44.01M)
YoY +ve38.88%
QoQ +ve7.48%
Key Wins
8
Net Profit
Earnings Per Share
₹ 32.79Cr
(US$ 4.37M)
₹ 2.77
EBITDA : ₹45.10Cr (US$ 6.04M)
16.06
15.98
13.72
Q4 2021
Q4 2020
Q3 2021
EBITDA Revenue (%)
Key Balance Sheet Data
Dec 31, 2021
Dec 31, 2020
Receivable
Unbilled
Day Sales Outstanding
₹ 177.98Cr
₹ 52.86Cr
50 Days
₹ 131.25Cr
₹ 22.21Cr
53 Days
Key Highlights
Robust revenue growth backed by new deal closures, deepened relationship with existing customers along with decent flow of sizable deals
Continue to witness good traction towards product engineering and digital services
On-boarded 850+ technical associates during Year 2021
Serving 40 million dollar plus customers including 6 contributing dollar three million plus revenues on run rate basis
Utilization was modest to overcome the hiring and attrition challenges
Expanding our SEZ facilities at Greater Noida by approx. 48,000 square feet to cater to growth
5
Financial Performance – Contribution Analysis – FY 2021
Figures in M
Year 2021
Year 2020
Revenues
Cost of revenues
Gross margin
SG & A Expenses
EBITDA
Depreciation and amortization
EBIT before exceptional items
Exceptional Items
EBIT
Interest expense
Other income (net)
Income before income tax
Income tax expense
Net earnings
₹
11,556.39
7,431.44
4,124.95
35.69%
2,510.39
21.72%
1,614.56
13.97%
276.93
1,337.64
-
1,337.64
(49.12)
412.20
1,700.72
286.36
1,414.36
US$
156.52
100.65
55.87
34.00
21.87
3.75
18.12
-
18.12
(0.66)
5.58
23.04
3.88
19.16
₹
8,805.91
5,579.22
3,226.69
36.64%
2,058.28
23.37%
1,168.41
13.27%
256.04
912.37
18.65
893.72
(56.66)
125.15
962.21
144.22
817.99
US$ 119.16
75.50
43.66
27.86
15.80
3.46
12.34
0.25
12.09
(0.77)
1.70
13.02
1.95
11.07
6
Revenue and Gross Margin Analysis – FY 2021
Revenues
Gross margin
31.23% Increase in Revenue Resulted from
Volume gain 29.48%
Rupee depreciation 1.75%
(0.95)% Decrease in Gross Margin Resulted from
Salary increments (0.98)% Lower utilization (0.29)% Rupee depreciation 0.32%
* Rupee depreciation mainly against Euro
7
Financial Performance – Contribution Analysis – Q4 2021
Figures in M
Q4 2021
Q4 2020
Q3 2021
Revenues
Cost of revenues
Gross margin
SG & A Expenses
EBITDA
Depreciation and amortization
EBIT before exceptional items
Exceptional Items
EBIT
Interest expense
Other income (net)
Income before income tax
Income tax expense
Net earnings
₹
3,286.46
2,143.49
1,142.97
34.78%
691.94
21.05%
451.03
13.72%
79.61
371.42
-
371.42
(13.69)
50.51
408.24
80.31
327.93
US$
44.01
28.71
15.30
9.26
6.04
1.07
4.97
-
4.97
(0.18)
0.66
5.45
1.08
4.37
₹
2,366.41
1,477.94
888.47
37.55%
508.47
21.49%
380.00
16.06%
59.73
320.27
18.65
301.62
(14.42)
44.53
331.73
38.74
292.99
US$
32.12
20.06
12.06
6.90
5.16
0.81
4.35
0.25
4.10
(0.20)
0.60
4.50
0.53
3.97
₹
3,057.74
1,907.23
1,150.51
37.63%
661.98
21.65%
488.53
15.98%
71.33
417.20
-
417.20
(11.98)
61.51
466.73
90.78
375.95
US$
41.39
25.81
15.58
8.96
6.62
0.97
5.65
-
5.65
(0.16)
0.83
6.32
1.23
5.09
8
Revenue and Gross Margin Analysis - Q4 2021
Revenues
Gross margin
7.48% Increase in Revenue Resulted from
Volume gain 8.31%
Rupee depreciation 0.55%
Lesser billable days (1.38)%
(2.85)% Decrease in Gross Margin Resulted from
Salary increments (1.25)%
Decrease in utilization (1.13)%
Lesser billable days
(0.64)%
Rupee depreciation 0.17%
9
Big Picture – Revenue & EBITDA %age
) r
C n
i
₹ (
e u n e v e R
350
280
210
140
70
0
15.87
224
16.06
237
274
13.39
248
12.46
306
15.98
329
13.72
209
210
10.98
9.63
Q1 20
Q2 20
Q3 20
Q4 20
Q1 21
Q2 21
Q3 21
Q4 21
Revenue
EBITDA %
20
15
10
5
0
% A D T I B E
10
Billable Associates
4,000
3,000
2,000
2,453
471
2,335
436
2,506
438
2,672
488
2,801
503
3,030
569
1,000
1,982
1,899
2,068
2,184
2,298
2,461
3,327
593
3,548
635
2,734
2,913
0
Q1 20
Q2 20
Q3 20
Q4 20
Q1 21
Q2 21
Q3 21
Q4 21
IT
BPO
Record addition of 850+ technical associates during FY 2021
11
Utilization (%)
100
96.0
96.1
95.6
96.6
95.4
95.7
95.6
96.6
75
50
25
0
77.6
75.5
76.9
74.8
79.0
77.0
79.5
77.5
78.5
76.5
76.7
74.5
77.5
75.5
77.1
74.9
Q1 20
Q2 20
Q3 20
Q4 20
Q1 21
Q2 21
Q3 21
Q4 21
Onsite
Offshore
Blended
Offshore utilization impacted by higher attrition during FY 2021
12
Revenue Breakdown
75.0
50.0
25.0
-
65.2
68.0
68.9
By Geography (%)
15.0
17.0
13.2
16.3
1.5
1.3
1.6
0.9
13.5
14.5
2.3
0.8
Year 2019
Year 2020
Year 2021
North America
Europe
SEAC*
India
Others
* South East Asian Countries
Client Concentration (%)
40.0
30.0
20.0
10.0
-
31.8
28.5
20.4
14.7
5.9
19.0
14.1
7.7
24.2
16.4
12.3
7.1
Year 2019
Year 2020
Year 2021
The Largest Client
Top 3 Clients
Top 5 Clients
Top 10 Clients
13
Summing Up and Looking Ahead
Record revenue growth and surpassed the key milestone of USD 150 mn in annual revenues
Safety and wellbeing of employees is utmost in evaluating Work-From- Office or hybrid working
Continue to invest in sales, pre-sales and in newer technologies, to unleash next-gen digital evolution
Continue additional to maintain bandwidth to offset near term attrition challenges and to pursue growth
Business outlook continues to be positive with strong demand environment
Focus for 2022
• Partnering with customers
in successful
navigating digital transformations
their
• Expanding Infra to cater
to
growth
• Expand margins by efficient operations, improved realization rates and revenue growth
•
Strong balance sheet for future growth
14
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
Thank You
Company Secretary & Compliance Officer Tel # 0120 - 4303566 Email: bhasker.dubey@rsystems.com
© 2021 R Systems All rights reserved.
Worldwide Headquarter Worldwide Headquarter R Systems International Ltd. R Systems International Ltd. C - 40, Sector - 59, C - 40, Sector - 59, Noida 201307 (UP), India Noida 201307 (UP), India P: (+91) 120-430-3500 P: (+91) 120-430-3500 F: (+91) 120-258-7123 F: (+91) 120-258-7123
USA Corporate Office USA Corporate Office R Systems Inc. R Systems Inc. 5000 Windplay Drive, 5000 Windplay Drive, El Dorado Hills, CA 95762 El Dorado Hills, CA 95762 P: (+1) 916-939-9696 P: (+1) 916-939-9696 (+1) 800-355-5159 (+1) 800-355-5159 F: (+1) 916-939-9697 F: (+1) 916-939-9697
15