Upload
others
View
6
Download
0
Embed Size (px)
Citation preview
Investor Presentation
November 2018
This presentation may contain statements which reflect the management’s current
views and estimates and could be construed as forward looking statements.
The future involves certain risks and uncertainties that could cause actual results to
differ materially from the current views being expressed.
Potential risks and uncertainties include such factors as general economic conditions,
foreign exchange fluctuations, competitive product and pricing pressures and
regulatory developments.
Disclaimer
Q2FY19 Results
Company Overview
Financials
Growth Strategy
Management Team
3
Contents
2
4
1
5
Q2 FY19 Financials
4
Matchmaking Services Marriage Services & Related Sale of Products
In ₹ millionMatchmaking + Marriage Services
836 837 844 896 882
206 174 200 212 174
24.6%
20.8%23.6%
23.6%
19.7%
0%
5%
10%
15%
20%
25%
30%
0
200
400
600
800
1,000
Q2 FY2018 Q3 FY2018 Q4 FY2018 Q1 FY2019 Q2 FY2019
Revenue EBITDA EBITDA Margin (%)
46 39
30 36
24
(38)
(51)(43)
(31) (35)
(60)
(40)
(20)
0
20
40
Q2 FY2018 Q3 FY2018 Q4 FY2018 Q1 FY2019 Q2 FY2019
Segment Revenue Segment EBITDA
790 797 814 859 851
267 250 264 277 235
33.8%
31.4% 32.5%
32.2%
27.7%
0%
10%
20%
30%
40%
50%
0
200
400
600
800
1,000
Q2 FY2018 Q3 FY2018 Q4 FY2018 Q1 FY2019 Q2 FY2019
Segment Revenue Segment EBITDA EBITDA Margin %
Note: Matchmaking + Marriage services includes other income
Q2 FY19 and H1 FY19 Sales
5
In ₹ millionSales – Performance
5.9% Y-o-Y Growth of Sales in Q25.4% Y-o-Y Growth of Revenue in Q2
Quarterly Half Yearly
1,669 1,755
1,675 1,777
500
1,000
1,500
2,000
2,500
H1FY18 H1FY19
Sales Revenue
814
856
892 893
862 836 837 844
896 882
600
700
800
900
1,000
Q2 FY2018 Q3 FY2018 Q4 FY2018 Q1 FY2019 Q2 FY2019
Sales Revenue
5.1% Y-o-Y Growth of Sales in H16.1% Y-o-Y Growth of Revenue in H1
Q2 FY19 Key Metrics
6
Ever Registrations (in mn) Active Profiles (in mn) Free Registrations (in mn)
Paid Subscription (000's) ATV (in Rs) Matchmaking Sales (in Rs mn)
28.5129.47
30.4731.49
32.49
20
22
24
26
28
30
32
34
Q2 FY2018 Q3 FY2018 Q4 FY2018 Q1 FY2019 Q2 FY2019
3.193.29
3.403.53 3.57
2.0
2.5
3.0
3.5
4.0
Q2 FY2018 Q3 FY2018 Q4 FY2018 Q1 FY2019 Q2 FY2019
0.870.95
0.99 1.02 1.00
0.4
0.6
0.8
1.0
1.2
Q2 FY2018 Q3 FY2018 Q4 FY2018 Q1 FY2019 Q2 FY2019
177
187 192 191
184
100
125
150
175
200
Q2 FY2018 Q3 FY2018 Q4 FY2018 Q1 FY2019 Q2 FY2019
4,339 4,371
4,489 4,477 4,542
3800
4000
4200
4400
4600
Q2 FY2018 Q3 FY2018 Q4 FY2018 Q1 FY2019 Q2 FY2019
770
822
867 860
835
650
700
750
800
850
900
Q2 FY2018 Q3 FY2018 Q4 FY2018 Q1 FY2019 Q2 FY2019
Company Overview
Matrimony.com at a glance
8
We deliver matchmaking
services to our users in
India and the Indian
diaspora through our
websites, mobile sites and
mobile apps complemented
by our on-the-ground
network in India
#1 Leader for Matchmaking Services
1 As on September 30 2018
300+Community Matrimony sites
15Regional Matrimony sites
3.57 mnActive Profiles 1
32.49 mnTotal registrations since January 2006 1
745,000Paid subscriptions in FY2018
INR 3,418 mn
FY18 Revenues (15.2% YoY growth)
9
A Unique Proposition
Large Online Matrimony Market Opportunity
Leading Provider of Online Matchmaking Services in India
Micro-Market Strategy with Targeted and Personalized Services
Strong Consumer Brand
Robust Technology and Analytics
Continued Expansion into Marriage Services Segment
Key Business Metrics Drive Revenue Growth & Operating Leverage
An Early Mover to Online Matchmaking services…..
…. Coupled with a Network effect resulting in a large database of profiles…
A Differentiated Growth Story
10
1 Based on “Market study of Online Matrimony & Marriage Services in India” report by KPMG dated May 4, 2017;2 As on September 30 2018
Unmarried Population in 2016 - 107 Mn 1
Active Seekers in 2016
63 Mn 1
Active users of online matrimony in 2016
6 Mn 1
Active Profiles on Matrimony.com
3.57 Mn 2
… Resulting in Market Leadership
Large Database
More
Matches
Attracts
More
UsersMore
Responses
Large Market Opportunity
11
With a Highly Customised “Micro-Market” Strategy….
Matchmaking Services: 15 Regional Language Portals and Over 300 Community Matrimonial Sites
Model Developed to Cater to Unique Requirements of the Indian Market
• Classic, Classic Advantage and Classic Premium• Till-U-Marry• Assisted Service
• Gold, Blue, Platinum• Till-U-Marry
A range of targeted and customized products and services…..
.…Catering to Customer Needs through a Layered Product Offering
• Gold, Diamond and Platinum• Till-U-Marry• Assisted Service
Mobile
Offline
Website
10.4 million app installs 1
Mobile sites and mobile apps accounts for 2
91% of Profile views
82% of Personalized messages sent and received
83% of the total number of free profiles registered
87% of Express Interest messages
78% of Phone numbers viewed
Source: 1 According to www.androidrank.org as updated on 23 September 2018 ;2 For the month of September 2018
Multi-Channel Customer Outreach…
12
Increasing Mobile Usage
Strong Technology PlatformReliable and Scalable technology with focus on Information security
Big Data & AnalyticsIn-house Intelligent Matchmaking Algorithm (“MIMA”) Data Analytics algorithms to track trends to assist in driving monetization of user base
Campaign ManagementIBM Unica systems to improve customer experience and subscriptions
… Backed by Strong
Technology and Analytics Backbone…
Additional Avenues for Growth through Forward Integration..
13
Marriage Services : Complements online matchmaking services to provide organized services in the marriage services market
Provides professional wedding photography and videography services
Launched in Tamil Nadu, Kerala, Andhra Pradesh, Telangana and Karnataka
A wedding classified portal with 50,000+ listings to connect customers with right service provider
A wedding venue discovery platform with 500+ wedding venues
Currently available at Chennai, Coimbatore, Madurai and Trichy , Hyderabad Bangalore and Kochi
A relationship manager helps customer avail wedding-related services and recommends suitable vendors
Currently available in Chennai, Coimbatore, Madurai and Trichy
Strong Consumer Brand
14
Featured in Limca Book of Records for record number of documented marriages online
2015 NASSCOM “Certificate of Excellence for innovative application of analytics for business solution”
Bharatmatrimony.comawarded India’s mosttrusted onlinematrimony brand byBrand Trust ReportIndia Study 2014
Special jury mentionfor gender sensitivity(2013-2014) for TVC(Bharat Matrimony-Career) at NationalLaadli Media andAdvertising Awards,2015
Certified as mostused matrimonialsearch website in2013-14 for Indianonline customersby JUXT
BharatMatrimonymobile app - Best app in the social category. Global Mobile App Summit and Awards -July 2016 and July 2017
Profile authentication features such as “Identity Trust Badge” help in maintaining and continuously improving the quality of database further increasing consumer trust
…With A New Brand Ambassador
15
Financials
2,073
2,428 2,554
2,929
3,355
6.3% 7.3%
2.8%
20.2%23.2%
0%
5%
10%
15%
20%
25%
30%
0
500
1,000
1,500
2,000
2,500
3,000
3,500
FY14 FY15 FY16 FY17 FY18
Revenue (INR mn) EBITDA Margin (%)
Robust Revenue Growth
17
Matchmaking + Marriage Services
Matchmaking Services Marriage Services & Related Sale of Products
Note: 1. FY14, FY15 FY16, and FY17 Financials as per IGAAP2. CAGR (%): Calculated as [{(Revenue in FY18/Revenue in FY14)^0.25}-1]*100 | 3. Segment EBITDA=Segments Results + Depreciation
In ₹ million
1,9892,320 2,440
2,808
3,191
13.5%
17.1%
14.7%
29.0%
32.7%
0%
5%
10%
15%
20%
25%
30%
35%
0
1,000
2,000
3,000
FY14 FY15 FY16 FY17 FY18
Matchmaking Revenue (INR mn) EBITDA Margin (%)
66
94 108121
164
-122%
-138%-161%
-101%
-103%
-200%
-100%
0%
0
50
100
150
FY14 FY15 FY16 FY17 FY18
Marriage Services Revenue (INR mn) EBITDA Margin (%)
… Resulting in Operating Leverage
18
Fixed Costs as % of Revenues have started to taper resulting in Margin Expansion
Note: FY13, FY14, FY15, FY16 and FY17 financials as per IGAAP
39.8%
42.4%43.6%
49.0%
39.8% 39.6%
24.5%23.2%
21.9% 21.1%
17.8%16.7%
27.1% 28.1% 27.1% 27.0%
22.2%20.5%
8.6%
6.3%7.3%
2.8%
20.2%
23.2%
0%
5%
10%
15%
20%
25%
0%
10%
20%
30%
40%
50%
60%
FY13 FY14 FY15 FY16 FY17 FY18
Employee benefit expenses as % of revenues - LHS
Advertisement and promotion expenses as % of revenues - LHS
Other expenses as % of revenues - LHS
EBITDA Margin (%) - RHS
39.3%40.6% 40.2%
39.0% 39.2%
15.4%
17.5% 17.2% 17.9%
21.2%20.6% 21.1%
18.9% 19.5% 19.8%
24.6%
20.8%
23.6% 23.6%
19.7%
0%
5%
10%
15%
20%
25%
0%
10%
20%
30%
40%
50%
Q2 FY18 Q3 FY18 Q4 FY18 Q1FY19 Q2FY19
Employee benefit expenses as % of revenues - LHS
Advertisement and promotion expenses as % of revenues - LHS
Other expenses as % of revenues - LHS
EBITDA Margin (%) - RHS
Increased Advertising and Promotion Expenses to Accelerate Revenue Expansion
19
Operating Cash Flow
20
In ₹ million
201232
205
644
830
314
0
100
200
300
400
500
600
700
800
900
FY14 FY15 FY16 FY17 FY18 6M FY19
Cash from Operating activities after tax and before exceptional items (INR mn)
Profiles:• Fueled by Increasing internet
and smartphone penetration
• Social adoption & Trust
Conversion Rate:• Continuous product
improvements in online &
mobile
• Leverage campaign
management & Analytics
ATV:• Sustained price increase due
to leadership position
• Higher price packages
Increased
Sales
Matchmaking Growth Cycle Our Growth Strategy
Our Growth Strategy
21
Expand User Base
Continue Investmentsin Mobile Platforms
Continue to Expand into Marriage Services
Further Strengthen Brands
Drive Monetization
3
2
4
1
5
Highly Experienced Board of Directors and Management Team
22
Board of Directors
George ZachariasNon-Executive Independent Director
Milind S SarwateNon-Executive Independent Director
Murugavel JanakiramanPromoter, Chairman and Managing Director
Deepa MurugavelNon-Executive Director
Key Managerial and Senior Management Personnel
Prasad NelliparthiChief Human Resource Officer
R ChandrasekarChief Technology Operation and Infrastructure Officer
S. SaichitraChief Portal and Mobile Officer
Murugavel JanakiramanPromoter, Chairman and Managing Director
K BalasubramanianChief Financial Officer
S. VijayanandGeneral Manager-Company Secretary and Compliance
Officer
C K RanganathanNon-Executive Independent Director
J. KarthikHead - Matrimony Bazaar
KP JaikumarHead - Photography
Akila KrishnakumarNon-Executive Independent Director
Sankara NarayananChief Operating Officer
Investor Contacts
Mr. Vijayanand S
Company Secretary
matrimony.com
No: 94, TVH Beliciaa Towers, Tower 2,
10th Floor, MRC Nagar, Mandaveli,
Chennai - 600 028, Tamil Nadu, India.
Phone: 044-24631500
Email: [email protected]
CIN: L63090TN2001PLC047432