Info Edge India : November Info Edge (India) Ltd.

Info Edge (India) Limited

India's internet classifieds company

Nov , 2023

1

Index

About Info Edge	5
Financials	7
Governance at Info Edge	16
-	Naukri	21
-	99 Acres	31
-	Shiksha	43
-	Jeevansathi	49
Investments	54
Data Security at IEIL	58
People Development	59
Contribution to Environment	60
Corporate Social Responsibility	61
Team	63
Brokerages that cover us	66	2

Disclaimer

By attending the meeting/telephonic call where this presentation is made, you agree to be bound by the trailing restrictions regarding the information disclosed in this presentation. This presentation has been prepared by Info Edge (India) Limited (the "Company") solely for information purposes without any regard to any specific objectives, financial situations or information needs of any particular person and does not constitute a recommendation regarding the securities of the Company.

This presentation, its contents and any oral information provided in connection with this presentation are strictly confidential and should not be copied, published or reproduced in any form or distributed, disseminated or disclosed, in whole or part, by recipients directly or indirectly to any other person. Failure to comply with this restriction may constitute a violation of applicable securities laws.

This presentation contains certain statements that are or may be forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. These statements can be recognized by the use of words such as "expects," "plans," "will," "estimates," "projects," or other words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in such forward-looking statements as a result of various factors and assumptions which the Company believes to be reasonable in light of its operating experience in recent years. The risks and uncertainties relating to these statements include, but not limited to, risks and uncertainties, regarding fluctuations in earnings, our ability to manage growth and competition, among others. The Company does not undertake any obligation to revise or update any forward-looking statement that may be made from time to time by or on behalf of the Company. Any investment in securities issued by the Company will also involve certain risks. There may be additional material risks that are currently not considered to be material or of which the Company, its promoters, any placement agent, their respective advisers or representatives are unaware. Against the background of these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company, its promoters, any placement agent, their respective advisers or representatives assume no responsibility to update forward-looking statements or to adapt them to future events or developments. Accordingly, any reliance you place on such forward-looking statements will be at your sole risk.

The information contained in this presentation has not been independently verified. The information in this presentation is in summary form and does not purport to be complete. No representation, warranty, guarantee or undertaking, express or implied, is or will be made as to, and no reliance should be placed on, the accuracy, completeness, correctness or fairness of the information, estimates, projections and opinions contained in this presentation. Potential investors must make their own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and must make such independent investigation as they may consider necessary or appropriate for such purpose. Such information and opinions are in all events not current after the date of this presentation. Further, past performance of the Company is not necessarily indicative of its future results. Any opinions expressed in this presentation or the contents of this presentation are subject to change without notice. This presentation should not be construed as legal, tax, investment or other advice. Neither the Company or its promoters, nor any placement agent or their respective advisers or representatives shall have any responsibility or liability whatsoever (for negligence or otherwise) for any loss howsoever arising from this presentation or its contents or otherwise arising in connection therewith. The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially. Neither the Company, its promoters, any placement agent, nor any of their respective advisers or representatives is under any obligation to update or keep current the information contained herein.

This presentation does not constitute or form part of and should not be construed as, directly or indirectly, any advertisement, offer or invitation or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company by any person whether by way of private placement or to the public, in any jurisdiction, including in India, the United States, Australia, Canada or Japan, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any investment decision or any contract or commitment therefor. Investing in securities involves certain risks and potential investors should note that the value of the securities may go down or up. Accordingly, potential investors should obtain and must conduct their own investigation and analysis of the relevant information carefully before investing.

Securities of the Company may not be offered or sold in the United States , except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements under the United States Securities Act of 1933, as amended (the "Securities Act"). By reviewing this presentation, you are deemed to have represented and agreed that you and any person you represent are not a U.S. person (as defined in Regulation S under the Securities Act) and are outside of the United States and not acting for the account or benefit of a U.S. person.

This presentation is not a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement or an offer document under the Companies Act, 2013, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, each as amended, or any other applicable law in India.

This presentation contains the Company's audited financial information as at and for the period ending Sep 30, 2023 and as at and for the quarter ended Sep 30, 2023. Investors should be aware that such financial information may be subject to certain adjustments during the course of audit/review and the audited/reviewed financial statements of the Company, when announced, may differ from those contained in this presentation.

In this presentation:

•	All figures mentioned are for the Company as a standalone entity and are as of Sep 30, 2023 or for the quarter ended Sep 30, 2023, unless indicated otherwise.
•	Q2 FY24 or Q2 FY 23-24 means the period commencing on July 01, 2023 and ending on Sep 30, 2023.	3
•	FY24 or FY 23-24 or FY 2024 means the Financial Year starting April 1, 2023 and ending March 31, 2024.

• 1 Crore = 10 Million = 100 Lakh.

Info Edge Businesses

Core Operating

Businesses.

Acquisitions

and Strategic

Investments

Financial

Investments

4

Financial Investments in Technology-based Startups

Investments in Listed Entities.

Balance sheet investments in Unlisted Entities.

InfoEdge- AIFs.

(Around 50:50 partnership with MacRitchie Investment Pte Limited (Indirectly wholly owned Subsidiary of Temasek Holdings Pvt Ltd))

Online restaurant search engine and	Online insurance policies marketplace.
food delivery site.	Shareholding: 12.77%
Shareholding :13.94%

20 active investments in the portfolio. Total books value of Rs. 596Cr

Major investee companies- Shopkirana, Shipsy, Gramophone, adda247 etc.

Info Edge Venture fund.- First Scheme - USD100 Mn

Primary Focus- Consumer Tech Companies

Follow on Scheme- USD 100 Mn, Focus- Winners of Fund 1.

Info Edge Capital Corpus USD 150Mn Primary Focus- Consumer Tech Companies.

Capital 2B Corpus USD 75Mn

Primary Focus- Companies leveraging deep tech/ patents etc

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Key Financials- Past 4 years performance

All numbers in Rs MN except %

Description	FY 23	FY 22	FY21	FY20
Revenues	21,586	15,625	11,280	12,727
Billing	23,663	18,660	11,758	12,687
Operating PBT^	7,356	4,190	2,380	3,547
Operating PBT Margin (%)^	34.1%	26.8%	21.1%	27.9%
Cash and Bank Bal #	31,379	35,032	33,828	12,613
Head Count ( Nos)	5,311	4,805	4,464	4,697
Dividend Payout ( % of paid up	190%	130%	80%	60%
capital)

# Balance at standalone level and the same includes balances irrespective of duration of FD, including >1 Yr and doesn't include "Accrued Interest"

6

Key Financials- Annual

All numbers in Rs MN except %

Description	FY 23	FY22	FY 21	Growth	Growth
				FY23 Vs 22	FY22 Vs 21
Billing
Info Edge *	23,663	18,660	11,758	26.8%	58.7%
- Recruitment	18,587	14,364	8,320	29.4%	72.6%
- 99Acres	3,116	2,312	1,848	34.8%	25.1%
Revenue
Info Edge *	21,586	15,625	11,280	38.2%	38.5%
- Recruitment	16,796	11,542	8,004	45.5%	44.2%
- 99Acres	2,845	2,173	1,738	30.9%	25.1%
Operating PBT
Info Edge *	7,356	4,190	2,380	75.6%	76.1%
- Recruitment	10,060	6,573	4,127	53.1%	59.3%
- 99Acres	(1,185)	(896)	(357)	-	-
Operating PBT %
Info Edge *	34.1%	26.8%	21.1%	7.3%	5.7%
- Recruitment	60%	57%	52%	3%	5%

7

Key Financials- Qtrly Update

All numbers in Rs MN except %

Description

Q2'24

Q2'23

YOY

Q1'24

QoQ

Billing

Info Edge *

• Recruitment
• 99Acres
• JS
• Shiksha Revenues Info Edge *
• Recruitment
• 99Acres
• JS
• Shiksha

Operating PBT %

Info Edge *

- Recruitment

	5,690	5,429	4.8%
	4,314	4,256	1.4%
	922	757	21.9%
	197	169	16.7%
* Info	257	248	3.7%
Edge standalone financials . Segmental data	for Naukri and 99acres
• FY20 onwards EBITDA numbers includes the impact of IND AS 116.
5,930	5,318	11.5%
4,560	4,464	9.1%
873	697	25.2%
197	181	8.6%
300	259	15.9%
37%	32%	4.5%
59%	59%	0.1%

5,230

3,975

734

188

333

5,843

4,464

827

194

358

36%

59%

8.8%

8.5%

25.7%

5.1% -23%

1.5%

2.2%

5.6%

1.2%

-16.2%

1.2%

0.2%

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Financial performance

Info Edge Billing and Cash from Operations (Rs Mn) trend

25,000

9,074

20,000

10,385

12,000

10,000

8,000

15,000

7,356

10,000		2,380	4,190
		3,809
5,000
11,758	11,280	18,660	15,625	23,663	21,586
-
FY21			FY22		FY 23
Billing		Revenue	Cash from Operations		PBT

6,000

4,000

2,000

-

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Billing and Cash from Operations

22,000

17,000

12,000

7,000

2,000

(3,000)

Segmental Billing and Cash from Operations (Rs Mn) trend

23,663

		18,660	18,587
		14,364
11,758			12,450
8,320	10,225
	4,919	4,296	5,076
	3,438
	112.2	(266.6)	(721.9)
	(775)	(641)
	(1,050)
IE Billing	FY21	FY22	FY23
	Recruitment Billing
Other Verticals Billing	Recruitment Cash from Ops
99 Acres Cash from Ops	Others ( JS and Shiksha) Cash from Ops

* Segmental data for Naukri and other verticals

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