Professional Documents
Culture Documents
INDIAMART 21072022161106 IndiaMART PPT Q1 FY2022-23
INDIAMART 21072022161106 IndiaMART PPT Q1 FY2022-23
To,
BSE Limited National Stock Exchange of India Limited
(BSE: 542726) (NSE: INDIAMART)
Dear Sir/Madam,
Yours faithfully,
(Manoj Bhargava)
Group General Counsel,
Company Secretary & Compliance Officer
Membership No: F5164
Encl: As above
QUARTER ENDED
JUNE 30, 2022
04 BUSINESS OVERVIEW
31 S TA N D A L O N E O P E R AT I O N A L P E R F O R M A N C E
41 FINANCIAL PERFORMANCE
80 OTHER SUBSIDIARIES
84 A S S O C I AT E S A N D O T H E R I N V E S T M E N T S
98 PRODUCT OVERVIEW
107 TEAM
3
IndiaMART InterMESH Ltd
Industrial Furnace
Business
Overview
Conversational
commerce
Multiple payment
options
CRM – Lead
Manager
Accounting
Business enablement
- SaaS
Post RFQ
5
IndiaMART InterMESH Ltd
India’s Largest Online B2B Marketplace
B2B 2-way
discovery Strong
marketplace is
marketplace network
a growing
Diversified Behavioral effects Subscription
market
across data driven based revenue
categories and algorithmic model with
geographies matchmaking negative
working capital
6
IndiaMART InterMESH Ltd
Services that Empower Businesses
Buyers Suppliers
Multi-lingual search
RFQ – BuyLead
7
IndiaMART InterMESH Ltd
Well Diversified Across 95,000 Categories
Industrial Plants, Construction & Packaging Material, Consumer Electronics Electrical Equipment Construction Apparel, Clothing & Industrial &
Machinery & Building Raw Material Supplies & Machines & Household and Supplies Machinery, Building Garments Engineering Products,
Equipment Appliances Supplies & Services Spares and Supplies
8% 8% 6% 6% 6% 5% 5% 5%
Mechanical Vegetables, Fruits, Operation Theater, Chemicals, Dyes & Housewares, Home Furniture, Furniture Fertilizers,
Fertilizers, Seeds, Cosmetics,
Seeds, Cosmetics, Toiletries
Toiletries
Components & Parts Grains, Dairy & Other Medical Imaging & Allied Products Appliances, Household Supplies & Furniture Agro Machines,
Machines, &
Agro & Personal
Personal Care
Care
FMCG & Groceries Pathology & Hospital Decorations & Hardware Poultry
Poultry && Animal
Animal Products
Products
Supplies Consumables Husbandry
Husbandry 2%
4% 4% 3% 3% 3% 3% 2%
2% 2%
Kitchen Containers,
Containers, Electronics Pharmaceutical Drugs,
Drugs, Tools, Gifts, Crafts, Antiques
Scientific,
Scientific, Measuring,
Measuring, Kitchen Electronics Pharmaceutical Tools, Machine
Machine Tools,
Tools, Automobiles, Spare Sports Goods, Games,
Utensils, Stove, Components Medicines,
Medicines, Vitamins
Vitamins & & Handmade Automobiles, Spare Sports
Toys & Goods, Games,
Laboratory
Laboratory Instruments
Instruments Utensils, Stove, Components and
and & Power
Power Tools
Tools &
& Hand
Hand Parts and Accessories Accessories
& Supplies
Supplies Cookware,
Cookware, Tableware
Tableware Supplies Other
Other Healthcare
Healthcare Tools Decoratives Parts and Accessories Toys & Accessories
& Supplies Tools
2% & Food
& Food Choppers
Choppers 2% Products
Products 2% 1% 1%
2% 2% 2%
2% 2%
2%
2% 2% 2%
2% 2% 1% 1% 1%
Note: Figures have been rounded off;
*% of total paying subscription suppliers,
56 Industries 86 Mn Products as on June 30, 2022
8
IndiaMART InterMESH Ltd
End-To-End Value Chain Discovery - Truck
Engine Body
Plastic Steel Tyre
Building
Machine
Bush
Rubber Aluminium Tyre
Steel Roll Plate
Making
Machine
9
IndiaMART InterMESH Ltd
End-To-End Value Chain Discovery - Slippers
Drill Machine
Strap Inserting Packaging
Machine
Materials
10
IndiaMART InterMESH Ltd
End-To-End Value Chain Discovery - Shirts
Button Machine
Stitching Machine
Collar & Cuffs
Threads & Buttons
11
IndiaMART InterMESH Ltd
Well Diversified Across Geographies
Paying Subscription
Buyers* %
Suppliers % Metro Cities (8)
Rest of India
(~4,000)
Rest of Tier II
Rest of India Cities
Population <500,000
India 17% 27%
43%
Notes:
1. As on March 31, 2022; Figures have been rounded off
2. Population as per 2011 census
* Basis aggregate buyers who have submitted enquiries during the last 5 years
12
IndiaMART InterMESH Ltd
2-way Discovery Marketplace
Cloud
Telephony
Verification &
Enrichment
13
IndiaMART InterMESH Ltd
Cloud Telephony – Premium Number Service
Buyers Suppliers
14
IndiaMART InterMESH Ltd
CRM – Lead Manager & Conversational Commerce
~73.5mn Replies* and Callbacks** during Q1 FY23
Reviews &
Ratings
Ratings
Call Option
& Alerts
16
IndiaMART InterMESH Ltd
Behavioral Data Driven Algorithmic Matchmaking
Product Location
Buyer
Requirement Supplier
Preferences
AI/ML Algorithm
Quantity
Price
17
IndiaMART InterMESH Ltd
Strong Network Effects
86 Mn
Product Listings
95,000
Categories
Product
Discovery
7.2 Mn 154 Mn
Supplier Storefronts Buyers Registered Buyers
Suppliers
36% Suppliers 54% Repeat Buyers
are Buyers ~100% Organic Traffic
Enquiries &
Conversations
Key Offerings
Platinum
Freemium
Free Suppliers Buyer Profile
model
19 19
IndiaMART InterMESH Ltd
Subscription Tier Wise RFQ Quota
Daily RFQ Quota Weekly RFQ Quota
Top 1% contributes
~ 17% of revenue Top 10% contributes
~ 46% of revenue
(ARPU* ~ Rs. 790K) 3–4 50 – 100
(ARPU* ~ Rs. 220K)
Platinum
Gold 2 20 – 30
Silver 1 10
Annual / Multi Year
Silver 1 7
Monthly
*ARPU represents Revenue from operations for the current quarter divided by Paying subscription suppliers at
period end and the same has been multiplied by 4 to represent annualised run-rate
20
IndiaMART InterMESH Ltd
Nationwide Sales and Service Coverage
21
IndiaMART InterMESH Ltd
Constant Innovation and Technology Focus
22
IndiaMART InterMESH Ltd
Key Competitive Strengths
Note: Figures as of June 30, 2022 , Figures have been rounded off
(1) Total replies & callbacks for Q1 FY23
23
IndiaMART InterMESH Ltd
Strategic Outlook
Improve Engagement
• Commerce enablement
• Fintech and accounting
• Business enablement SaaS
Brands
Strategy
• Focus on large and
medium enterprises
Core SME
Business
• Keep expanding buyer and
supplier network
24
IndiaMART InterMESH Ltd
Enterprise Solutions – ROI Driven Model With PAN India Reach
All trademarks, logos and brand names are the property of their respective owners. Use of any third-party names, trademarks and brands are for reference purposes only.
25
IndiaMART InterMESH Ltd
Enterprise Solutions – ROI Driven Model With PAN India Reach
All trademarks, logos and brand names are the property of their respective owners. Use of any third-party names, trademarks and brands are for reference purposes only.
26
IndiaMART InterMESH Ltd
Journey Towards Commerce and Business Enablement
Enablement of Commerce
Enablement of Business
27
IndiaMART InterMESH Ltd
Strategic Investments Done So Far
Inventory and
Distribution and Autonomous
Shipping Operations Warehouse Accounting Accounting
Salesforce Procurement Platform Logistics Tracking
Automation Management Software Integration Software
Management
26% 26% 26% 16.5% 26% 51.1%
17%
Holding
28
IndiaMART InterMESH Ltd
Accounting – Strategic Fit for IndiaMART
Accurate Accurate
Inventory Pricing
Logistics Tracking,
Mobile First Cloud Traditional On-Premise
Freight Aggregation,
etc.
Service Delivery Model
Source 1: Media reports
All trademarks, logos and brand names are the property of their respective owners.
Use of any third-party names, trademarks and brands are for reference purposes only.
30
IndiaMART InterMESH Ltd
Air Compressors
26% (4)%
CAGR YoY
1071 284
960 268 260
259 257
723 748
553
326
262
Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Jun'21 Sep'21 Dec'21 Mar'22 Jun'22
21% 10%
CAGR YoY
7.2
7.1 7.1
7.0
6.5
6.7
6.0 6.6
5.5
4.7
3.2
2.3
Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Jun'21 Sep'21 Dec'21 Mar'22 Jun'22
15% 23%
CAGR YoY
179
169
169
147 152
156
130 150
146
108
96
72
Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Jun'21 Sep'21 Dec'21 Mar'22 Jun'22
22% 16%
CAGR YoY
83 86
83
72 80
67
61 76
74
50
33
25
Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Jun'21 Sep'21 Dec'21 Mar'22 Jun'22
33% 17%
CAGR YoY
154
149 149
138 143
131
125
102
83
60
39
38 38 38 38 38 37
35
29 30
22
13
Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Jun'21 Sep'21 Dec'21 Mar'22 Jun'22
Last 12 months active buyers*
* Active buyers indicate buyers who have submitted enquiries during the last 12 months
27% (15)%
CAGR YoY
26 26
96 97
23 23
22
73 74
53
31
23
Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Jun'21 Sep'21 Dec'21 Mar'22 Jun'22
* Buyer posting an enquiry is one unique buyer for that day. If the same buyer posts another enquiry on a different day, he is considered as a different unique buyer. Sum of all such unique quarterly & yearly
buyers is mentioned in the Quarterly and Yearly trends, respectively
Figures have been rounded off`
37
IndiaMART InterMESH Ltd
Business Enquiries Delivered*
(Figures in Millions)
Total to Unique
5.1 x 5.1 x 5.5 x 6.2 x 6.3 x 6.4 x 5.7 x Business 6.3 x 5.9 x 5.2 x 5.2 x 5.2 x
Enquiries Ratio
610 162
550 151
449 464
117 120
115
290
157
115
Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Jun'21 Sep'21 Dec'21 Mar'22 Jun'22
• Total to Unique Business Enquiries Ratio = Business Enquiries Delivered divided by Unique Business Enquiries during that period
• Decline in total to business enquiries ratio from Sept 21 onwards is due to certain algorithmic changes leading to better matchmaking and higher efficiency.
Figures have been rounded off`
38
IndiaMART InterMESH Ltd
Annualised Revenue Per Paying Subscriber
(₹ in ‘000s)
5% (4)%
CAGR YoY
44.3 49.7
42.3 43.6 48.4 48.0 47.4 47.6
37.2 38.4
32.9 32.1
Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Jun'21 Sep'21 Dec'21 Mar'22 Jun'22
Represents Revenue from operations for the period divided by Paying subscription suppliers at period end
For the purposes of Quarter, the same has been multiplied by 4 to represent annualised run-rate
459
437 459 685
466
520 458
436 419 464 475
424
2,631 2,106 1,942 2,249 2,524 2,150 3,065 2,376 2,343 2,586 3,065 3,002
FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23
Total
3,249 2,713 2,539 2,915 3,150 2,701 3,672 employees 2,982 2,959 3,185 3,672 3,835
Consolidated Section
Total Income
₹ 226 Cr
7%
₹ 225 Cr ₹ 64 Cr ₹ 961 Cr
24% 28 % 34%
29% Margin
₹ 47 Cr ₹ 1,882 Cr
Operating Activities
₹ 75 Cr
Cr eat ed by popcor nar t s
f r om t he oun r oject
YoY QoQ
Financial Metrics Q1 FY23 Q1 FY22 Q4 FY22
Change Change
Revenue from Operations 225 182 24% 201 12%
Other Income 1 29 (97%) 30 (97%)
Total Income 226 211 7% 231 (2%)
Manpower Cost1 85 54 58% 80 6%
Outsourced Sales Cost 32 13 140% 29 7%
Other Operating Expense 36 25 46% 27 32%
Total Expenses 153 92 66% 137 12%
Adjusted EBITDA1 72 90 (20%) 64 11%
Adjusted EBITDA Margin(%) 32% 49% 32%
Employee share based payment expense 7 1 638% 7 4%
EBITDA 64 89 (28%) 57 12%
EBITDA Margin(%) 29% 49% 28%
2
Others 8 5 64% 4 78%
Tax Expense 4 24 (83%) 19 (79%)
Adjusted Net Profit 54 89 (40%) 63 (15%)
Adjusted Net Profit Margin(%) 24% 42% 27%
Share in net loss /(income) of Associates 7 1 370% 6 18%
Net Profit 47 88 (47%) 57 (19%)
Net Profit Margin(%) 21% 42% 25%
FY22 FY23
As at end of FY21 Q1 Q2 Q3 Q4 FY22 Q1
Assets
Fixed Assets (incl. intangible assets) 3 2 2 2 3 3 61
Goodwill* - - - - - - 456
Right-of-use assets 63 59 57 55 53 53 51
Other assets** 44 36 36 41 52 52 52
Cash, bank & current investments 2,365 2,421 2,466 2,523 2,419 2,419 1,882
Investment in associates & others 37 66 101 144 421 421 442
Total 2,512 2,584 2,662 2,765 2,949 2,949 2,944
Liabilities
Capital (incl. reserves) 1,611 1,700 1,738 1,810 1,874 1,874 1,804
Deferred revenue & customer advances 726 715 756 790 907 907 961
Provisions & payables 67 60 63 62 66 66 65
Statutory liabilities 22 17 15 18 29 29 15
Deferred tax & current tax liabilities (net) 21 30 30 26 16 16 11
Lease liabilities 63 61 60 58 56 56 54
Other financial liabilities 0.5 1 1 1 1 1 34
Total 2,512 2,584 2,662 2,765 2,949 2,949 2,944
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
*On account of acquisition through business combination which includes Rs. 414cr of Busy Infotech and Rs. 42cr of Finlite Technologies
** includes inventory
44
IndiaMART InterMESH Ltd
Collections from Customer - Consolidated
(₹ in crores)
20% 49%
CAGR YoY
934
318
738 711
671
254
386 171
315
FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
45
IndiaMART InterMESH Ltd
Cash Generated From Operating Activities - Consolidated
(₹ in Crores)
402 158
323
255 261 99
84
75
179
61
FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23
-1
-56
% of
-18% 0% 35% 38% 35% 45% 43% 36% 44% 38% 50% 29%
Collections
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
46
IndiaMART InterMESH Ltd
Deferred Revenue* – Consolidated
(₹ in Crores)
23% 34%
CAGR YoY
907 961#
907
726 790
685 756
715
586
424
325
257
FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23
• Refers to contract liabilities in the financial statements, i.e. including advances from customers 47
• # Includes deferred Revenue and advances from customers of Rs 25.6Cr on account of first time Ind AS adoption by Busy Infotech Pvt Ltd.
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
20% 24%
CAGR YoY
753 225
670
639
201
188
507 182 182
411
318
246
FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY22
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
48
IndiaMART InterMESH Ltd
EBITDA - Consolidated
(₹ in Crores)
328 89
308 83
79
64
57
169
82
47
FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23
(54)
(126)
EBITDA
(51%) (17%) 11% 16% 26% 49% 41% 49% 46% 42% 28% 29%
Margin
The company has adopted IND AS -116 from 1st April 2019, the nature of expenses in respect of operating leases has changed from lease rent (in other expenses) into depreciation cost against the right-of-use asset and
finance cost against interest accrued on lease liability. Consequently, EBITDA may not be directly comparable
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
49
IndiaMART InterMESH Ltd
Adjusted EBITDA – Consolidated
(₹ in Crores)
334 90
318 85
80
72
64
177
92%
50%
FY16 FY17 47 82 169 328 308
(126)
FY16 (54)
FY17 FY18 FY19 FY20 FY21 FY22
(56)%
89 83 79 57 64
(127)
Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23
Adjusted
(51%) (16%) 12% 18% 28% 50% 42% EBITDA 49% 46% 42% 32% 32%
Margin
312 85
296 80
76
58
54
148
78
44
FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23
(59)
(129)
EBIT
(53%) (19%) 11% 15% 23% 47% 39% 47% 44% 40% 27% 26%
Margin
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
51
IndiaMART InterMESH Ltd
PAT - Consolidated
(₹ in Crores)
88
82
298
280 70
57
47
147
55
20
FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23
(64)
(132)
PAT
(52%) (19%) 13% 4% 21% 37% 34% 42% 38% 33% 25% 21%
Margin
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
52
IndiaMART InterMESH Ltd
Revenue – Legal Entity View
(₹ in Crore)
* Forms part of "Accounting Software Services" segment as reported in Note no. 32 Segment information in the Consolidated Financial Statements
Notes:
1. Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
53
IndiaMART InterMESH Ltd
EBITDA – Legal Entity View
(₹ in Crore)
* Forms part of "Accounting Software Services" segment as reported in Note no. 32 Segment information in the Consolidated Financial Statements
Note:
1 Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
54
IndiaMART InterMESH Ltd
Historical Financial Metrics
(₹ in Crore Consolidated)
Revenue from Operations 246 318 411 507 639 670 753
EBITDA Margin (%) (51%) (17%) 11% 16% 26% 49% 41%
EBIT Margin (%) (53%) (19%) 11% 15% 23% 47% 39%
Adjusted Net Profit for the period* (124) (45) 63 85 147 283 310
Adjusted Net Profit Margin (%) (50%) (14%) 15% 16% 21% 37% 36%
Net Profit for the period (132) (64) 55 20 147 280 298
Cash Generated from Operating Activities (56) (1) 179 255 261 323 402
Collections from Customer 315 386 509 671 738 711 934
Deferred Revenue (period end) 257 325 424 586 685 726 907
Cash and Investments (period end) 159 177 388 685 931 2,365 2,419
• Net Profit has been adjusted for FVTPL expenses or adjustments and one-time benefits of Deferred Tax & share in net loss of Associates
• Deferred revenue includes Advances from Customers
55
IndiaMART InterMESH Ltd
Electric Vehicles
Standalone Basis
YoY QoQ
Financial Metrics Q1 FY23 Q1 FY22 Q4 FY22
Change Change
Revenue from Operations 213 181 18% 201 6%
Other Income (3) 30 (109%) 25 (111%)
Total Income 211 211 (0.1%) 226 (7%)
Manpower Cost1 81 53 52% 79 2%
Outsourced Sales Cost 32 13 140% 29 7%
Other Operating Expense 34 24 40% 27 27%
Total Expenses 146 90 62% 135 8%
Adjusted EBITDA1 67 91 (26%) 65 3%
Adjusted EBITDA Margin(%) 31% 50% 32%
Employee share based payment expense 7 1 638% 7 4%
EBITDA 60 90 (33%) 58 3%
EBITDA Margin(%) 28% 50% 29%
2
Others 5 5 2% 4 11%
Profit Before Tax 52 115 (54%) 79 (34%)
Tax Expense 3 24 (85%) 19 (82%)
Net Profit 49 91 (46%) 60 (18%)
Net Profit Margin(%) 23% 43% 26%
EPS (Rs.) 16.0 29.9 (47%) 19.6 (18%)
FY22 FY23
As at end of FY21 Q1 Q2 Q3 Q4 FY22 Q1
Assets
Fixed Assets (incl. intangible assets) 3 2 2 2 3 3 7
Right-of-use assets 63 59 58 55 53 53 50
Other assets 41 33 33 38 49 49 45
Cash, bank & other investments 2,359 2,417 2,461 2,509 2,414 2,414 1,773
Investment in subsidiaries 9 39 67 90 86 86 658
Investment in associates & others 41 41 52 85 360 360 364
Total 2,516 2,591 2,673 2,779 2,965 2,965 2,897
Liabilities
Capital (incl. reserves) 1,617 1,708 1,750 1,826 1,892 1,892 1,824
Deferred revenue & Customer Advances 726 715 756 790 907 907 935
Provisions & payables 67 59 62 61 64 64 59
Statutory liabilities 22 17 15 18 29 29 14
Deferred tax & current tax liabilities (net) 21 30 29 26 16 16 5
Lease liabilities 63 61 60 58 56 56 54
Other financial liabilities - 1 1 1 1 1 6
Total 2,516 2,591 2,673 2,779 2,965 2,965 2,897
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
58
IndiaMART InterMESH Ltd
Collections from Customer - Standalone
(₹ in Crores)
20% 42%
CAGR YoY
932
318
722 707
661
241
223 221
502
377 170
306
FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1FY23
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
59
IndiaMART InterMESH Ltd
Cash Generated From Operating Activities - Standalone
(₹ in Crores )
73% 9 %
CAGR YoY
407
159
326
259 264
100
183 85
69
63
59
15
FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23
% of
5% 16% 36% 39% 37% 46% 44% 37% 45% 38% 50% 28%
Collections
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
60
IndiaMART InterMESH Ltd
Deferred Revenue* - Standalone
(₹ in Crores)
23% 31%
CAGR YoY
935
907 907
790
756
715
726
684
585
423
325
256 63% 63% 62%
64% 62% 63% 63%
61% 61%
63% 61%
64%
FY 16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23
21% 18%
CAGR YoY
751
213
665 201
624 181 182 187
497
404
309
238 79% 81%
80% 79% 80%
FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23
% of revenue recognized from opening deferred revenue
~46% of revenue contributed by top 10% & ~17% of revenue contributed by top 1% of paying subscription suppliers
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
62
IndiaMART InterMESH Ltd
Adjusted EBITDA – Standalone
(₹ in Crores)
339 91
322 86
81
67
65
180
88%
(53) (2)% 52%
FY16 FY17 49 80 173 333 312
(54)
FY16 (4)
FY17 FY18 FY19 FY20 FY21 FY22
90 84 80 58 60
Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23
Adjusted
(22%) (1%) 13% 18% 29% 51% 43% EBITDA 50% 47% 43% 33% 31%
Margin
333
312 90
84
80
58 60
173
80
49
FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23
(4)
(54)
EBITDA
(23%) (1%) 12% 16% 28% 50% 42% 50% 46% 43% 29% 28%
Margin
The company has adopted IND AS -116 from 1st April 2019, the nature of expenses in respect of operating leases has changed from lease rent (in other expenses) into depreciation cost against the right-of-use asset and
finance cost against interest accrued on lease liability. Consequently, EBITDA may not be directly comparable
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
64
IndiaMART InterMESH Ltd
EBIT - Standalone
(₹ in Crores)
317 87
300 81
77
55 56
152
76
46
FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23
(8)
(56)
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
65
IndiaMART InterMESH Ltd
PAT - Standalone
(₹ in Crores)
310
287 91
85
74
60
146 49
13
FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23
(13)
(59)
(72)
PAT 43% 23%
(24%) (4%) (18)% 2% 21% 38% 36% 40% 36% 26%
Margin
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
66
IndiaMART InterMESH Ltd
Margin Leverage - Standalone
(Total expenses as a % of revenue from operations Standalone)
123%
101% 72%
71%
88%
84%
57%
72% 54%
50%
58%
50%
58% 56%
71% 65% 58% 56% 40% 43%
52% 37%
45%
38%
FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23
Employee benefit and outsourced sales cost Other Expense
The company has adopted IND AS -116 from 1st April 2019, the nature of expenses in respect of operating leases has changed from lease rent (in other expenses) into depreciation cost against the right-of-use asset and finance
cost against interest accrued on lease liability. Consequently, margin leverage may not be directly comparable
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
67
IndiaMART InterMESH Ltd
Cash and Investments* - Standalone
(₹ in Crores )
59% (27)%
CAGR YoY
1,773
920
678
384
152 176
Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Jun'21 Sep'21 Dec'21 Mar'22 Jun'22
• Refers to Cash and Cash Equivalents and investments in Mutual Funds in the financial statements
• Cash and Investments in March 2021 includes Rs. 1,070 crores raised by company through QIP in February 2021
• Decline as of June 30th, 2022 is primarily on account of cash outflow relating to acquisition of Busy Infotech Pvt Ltd, Finlite technologies Pvt Ltd and share buyback completed during the quarter.
68
IndiaMART InterMESH Ltd
Functional P&L* - Standalone (₹ in Crores)
FY22 FY23
During the period FY18 FY19 FY20 FY21 Q1 Q2 Q3 Q4 FY22 Q1
Revenue from Operations 404 497 624 665 181 182 187 201 751 213
Customer service cost (135) (158) (174) (122) (33) (36) (39) (52) (160) (51)
Surplus over customer service
269 339 450 543 148 146 148 149 591 162
cost
Gross Margin 67% 68% 72% 82% 82% 80% 79% 74% 79% 76%
Selling & distribution cost (90) (100) (113) (80) (20) (21) (27) (41) (110) (44)
Technology & content cost (81) (102) (104) (85) (24) (27) (28) (32) (111) (38)
Marketing Cost (5) (5) (5) (2) (1) (1) (1) (1) (3) (1)
Depreciation & amortization (3) (4) (21) (16) (3) (3) (3) (3) (12) (3)
Other operating expenses (43) (52) (55) (43) (13) (13) (14) (16) (56) (19)
Total (222) (263) (298) (226) (61) (65) (73) (93) (291) (106)
Operating Profit 46 76 152 317 87 81 77 55 300 56
Operating Margin 12% 15% 24% 48% 48% 45% 41% 28% 40% 26%
Refer to Note no. 34 of Standalone Financial Statements for year ended 31 March 22 for detailed assumptions
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
69
IndiaMART InterMESH Ltd
Gross Profit (Surplus over customer service cost) - Standalone
(₹ in Crores)
591
543 162
FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23
Gross
63% 67% 68% 72% 82% 79% 82% 80% 79% 74% 76%
Margin
Refer to Note no. 34 of Standalone Financial Statements for the quarter ended 30 June 2022 for detailed assumptions
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
70
IndiaMART InterMESH Ltd
Selling & Distribution costs - Standalone
(₹ in Crores)
113 110 41 44
100
90
77 80
27
20 21
FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23
Refer to Note no. 34 of Standalone Financial Statements for the quarter ended 30 June 2022 for detailed assumptions
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
71
IndiaMART InterMESH Ltd
Technology & Content costs - Standalone
(₹ in Crores)
38
111
102 104 32
85 27 28
81
24
71
FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23
Refer to Note no. 34 of Standalone Financial Statements for the quarter ended 30 June 2022 for detailed assumptions.
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
72
IndiaMART InterMESH Ltd
Harbour crane
Subsidiary –
Busy Infotech
75
IndiaMART InterMESH Ltd
Growth Opportunity – Geographic Expansion
South North
25% North
73%
37%
76
IndiaMART InterMESH Ltd
Q1 FY23 Results Overview
Total Income
₹ 10.9 Cr
Deferred Revenue and
Revenue from Operations Billing Advances
₹ 7.3 Cr ₹ 4.0 Cr
Cr eat ed by popcor nar t s
f r om t he oun r oject
₹ 69.4 Cr
77
IndiaMART InterMESH Ltd
License Sold
(Figures in ‘000)
10% 10%
CAGR YoY
301
311
278
253 23
228 26 301 9
25
34 294 7
289 5
283 7
4
9 % 70%
CAGR YoY
46 15
41
13
35 12
32 11
*Billing indicates value of invoices, excluding GST, issued during the period
79
IndiaMART InterMESH Ltd
PVC Pipes
Other
Subsidiaries
Invoicing
Tally
• GST compliant Invoicing
• Record entries on mobile • Remote invoice and PO
• Auto back-up on cloud creation
Receivables &
Dashboard Payables
All trademarks, logos and brand names are the property of their respective owners.
Use of any third-party names, trademarks and brands are for reference purposes only.
IndiaMART Holding: 51.1% in Finlite Technologies Pvt. Ltd.
https://www.livekeeping.com/
81
IndiaMART InterMESH Ltd
Pay With IndiaMART – Instant online collections and payments
Robust Buyer Protection Buy Now, Pay At Ease Multiple Payment Options Strong Security
EMI enabled Buy from sellers across
All major credit/debit cards,
Secure your payments India with a secure
(Easy Monthly Instalments) UPI, net banking and wallet
options payment network
Inventory
Management
Customer
Management
Analytics &
Reports
Tally
Pricing
Integration
Management
Order
Management
Catalog Payment
Management Reminders
Invoicing
GST
Multiple Location
Access
Integrated Tax Fully Automated
Compliances Branch Accounting
Dashboard
Dashboard &&
Analytics
Analytics Works
Works on
on all
all OS
OS
Secured
Secured Cloud
Cloud
Based
based Accounting
• E-Sourcing using RFXs • Right sourcing from • AP automations with • Vendor portal for
• Auction – E-bidding Supplier Compliances order management
• Spend Analytics • Budgeting & Insights • Rate contracts
COD Fraud
Prevention
Automated Fulfillment
Returns & Automation
Instant Refunds
50+ API
Integrations
Automated Track & Notify
Non-delivery with Real Time
Follow-ups Notifications
Inbound Logistics
Fleet Operations
• Real time vendor
• Digitise operations &
Collaboration
workflows
• Risk analysis
• Monitor vehicle
performance
Outbound Logistics
In Plant Logistics
• Algorithmic route planning,
• RFID based Vehicle
• In- transit monitoring
tracking
10 Times Floor
Leading B2B Virtual Software to
Event Discovery Platform host live events
06 02
Indent Allocation
For indent against contract
Freight Accounting
For seamless accounting
05 03
In-plant Logistics
For smooth in-plant movement
Proof of Delivery 04
For documenting the proof of
delivery IndiaMART Holding: 25% in TruckHall Pvt Ltd.
https://www.superprocure.com/
96
IndiaMART InterMESH Ltd
Zimyo
~100%
Organic traffic
(1)
80%
Total traffic through mobile
(2)
4.7
Rating for the app on Google
Play store
Post Requirement
100
IndiaMART InterMESH Ltd
Buyer Journey Enter Product Requirement
Share Details
Name Posted
Search
Post Requirement
101
IndiaMART InterMESH Ltd
Buyer Journey Search Product Company
Page Page Page
Search
Post Requirement
102
IndiaMART InterMESH Ltd
Seller Journey
BuyLeads
Lead Manager
BuyLeads
Lead Manager
Details of Buyer available to Select Buy leads from View available Buyer
build credibility multiple categories Contact Details
104
IndiaMART InterMESH Ltd
Seller Journey
Add Notes,
Set Reminders
Share Link
BuyLeads
Lead Manager
106
IndiaMART InterMESH Ltd
Water Treatment Plants
Team
Brijesh Agarwal BMS Lucknow University, PGDBM NIILM, Delhi Co-Founder, IndiaMART, Miebach Logistics India Pvt .Ltd.
Whole time Director
Prateek Chandra CA, B.Com(H),SRCC,DU Bharat S. Rout & Co, EXL, HT Media
CFO
Amarinder S. Dhaliwal B.Tech(IIT Delhi),MBA(IIM A) Micromax, BCCL, TIMES Internet, SBI Capital Markets
CPO
108
IndiaMART InterMESH Ltd
Independent and Non-Executive Directors
Vivek Narayan Gour Rajesh Sawhney Elizabeth Lucy Chapman Dhruv Prakash
Independent Director Independent Director Independent Director Non-executive Director
109
IndiaMART InterMESH Ltd
Stronger Together
112
IndiaMART InterMESH Ltd
Corporate Office
Tower 2, Assotech Business Cresterra, Floor No.6, Plot No.22, Sec 135, Noida-201305, U.P.
Registered Office:
1st Floor, 29-Daryaganj, Netaji Subash Marg, Delhi – 110002.