May, 2009October, 2009 Meet/132777_20091031.pdf · Matrimonials Acquired in September 2004 No. 3...
Transcript of May, 2009October, 2009 Meet/132777_20091031.pdf · Matrimonials Acquired in September 2004 No. 3...
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May, 2009October, 2009
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Safe harborStatements contained in this presentation concerning our growth prospects may constitute forward-looking statements. The Company believes that its expectations are reasonable and are based on reasonable assumptions. However, such forward looking statements by their nature involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in the businesses we operate in including those factors which may affect our cost advantage, wage increases, our ability to attract and retain highly skilled professionals, client concentration, disruptions in telecommunication networks, liability for damages on any of our contracts/ subscriptions, withdrawal of governmental fiscal incentives, political instability, unauthorized use of our intellectual property and general economic conditions affecting our industry. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.
The equity shares of the company are regulated by the laws of India. Please refer to the applicable laws of your jurisdictions before dealing in equity shares of the company.
“The equity shares of the company have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered, sold, pledged or otherwise transferred except (1) in accordance with Rule 144A under the Securities Act to a person that the holder and any person acting on its behalf reasonably believes is a Qualified Institutional Buyer within the meaning of Rule 144A purchasing for its own account or for the account of a Qualified Institutional Buyer in a transaction meeting the requirements of Rule 144A, (2) in an offshore transaction in accordance with Rule 903 or Rule 904 of regulations under the Securities Act, 3) pursuant to an exemption from registration under the Securities Act provided by Rule 144 thereunder (if available) or (4) pursuant to an effective registration statement under the Securities Act, in each case in accordance with any applicable securities laws of the states of the United States. No representation can be made as to the availability of the exemption provided by Rule 144 under the Securities Act for resales of these equity shares.”
All figures mentioned are as on September 30, 2009 or for the quarter ended September 30, 2009 unless indicated otherwise.Q2 FY10 means the period July 1, 2009 to September 30, 2009FY10 or FY 09-10 or FY 2010 means the Financial Year starting April 1, 2009 and ending March 31, 2010INR mm means Indian Rupees in millionmm means million
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The company• India’s leading internet classifieds company• Bouquet of leading websites
– Recruitment : Naukri, Naukrigulf, Asknaukri, Brijj, Firstnaukri– Real estate : 99acres, Allcheckdeals– Matrimonial : Jeevansathi– Education : Shiksha
• Rapid growth historically (growth currently impacted by slowdown)
– Revenue grew from INR 38 mm in FY02 to INR 2,737 mm in FY09– Profitable since FY03– Cash in bank fixed deposits and debt mutual funds ~ INR 3,294 mm
(as on September 30, 2009)– Negligible debt
• VC funding in 2000 and public listing in India in 2006 • 52 offices in 34 cities in India + 2 in Dubai + 1 each in Bahrain & Riyadh• 1,494 employees (~ 1,130 in sales)
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Our businessesInfo Edge
Recruitment & Careers
� Launched in March 1997
� 83% of company’s net sales in Q2 FY10 vs 88% in FY 09
� No. 1 job portal in India – more than 50% share of page views amongst top 3 job sites
� 18.7 mm resumes, 11,500 added daily in Q2 FY10
� About 68,000 job listings, 18.100 clients in Q2 FY10
� Quadrangle in offline recruitment services
Matrimonials
� Acquired in September 2004
� No. 3 matrimony website in India
� 3.3 mm profiles ever registered
� Av. 2,097 profiles added daily in Q2 FY10
Real Estate
� Launched in Sept 2005
� Leader in emerging online market
� Over 199,000 listings (178,000 paid)
� Pan India listings covering over 25 cities
� Launched in November 2007
� Offline brokerage services
Education
� Launched in May 2008
� To be the hub for educational classifieds
� Large market
� Advertising
� Lead generation
� Some initial revenue traction
� Launched July 2006 � Launched July 2007
� Career & guidance site
� Launched August 2007
� Professional networking
� 2 mm profiles
� Launched January 2009
� A fresher hiring site
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Our team
Hitesh Oberoi (37)Whole Time Director and Chief
Operating OfficerB.Tech IIT - Delhi, PGDM IIM-BPreviously with HLL (Unilever)
Hitesh Oberoi (37)Whole Time Director and Chief
Operating OfficerB.Tech IIT - Delhi, PGDM IIM-BPreviously with HLL (Unilever)
Ambarish Raghuvanshi (48)Whole Time Director and Chief
Financial Officer CA, PGDBM XLRI
Previously with Bank of America & HSBC
Ambarish Raghuvanshi (48)Whole Time Director and Chief
Financial Officer CA, PGDBM XLRI
Previously with Bank of America & HSBC
Sanjeev Bikhchandani (46)Managing Director and CEO
BA Econ. St. Stephen’s. PGDM IIM-APreviously with Glaxo SmithKline
Sanjeev Bikhchandani (46)Managing Director and CEO
BA Econ. St. Stephen’s. PGDM IIM-APreviously with Glaxo SmithKline
Vivek Khare (39)Sr. VP - Jeevansathi
M.Sc (Physics) IIT - Kanpur. PGDBA, Birla Institute of Management
Technology
Vivek Khare (39)Sr. VP - Jeevansathi
M.Sc (Physics) IIT - Kanpur. PGDBA, Birla Institute of Management
Technology
Deepali Singh (36)Sr. VP – Firstnaukri
Bachelor of Science, Law Degree, Delhi University. PGDBA, IPMPreviously with Aptech
Deepali Singh (36)Sr. VP – Firstnaukri
Bachelor of Science, Law Degree, Delhi University. PGDBA, IPMPreviously with Aptech
Vineet Singh (37)Sr. VP – 99acres, Naukrigulf
PGDBA, IPMPreviously with Xerox
Vineet Singh (37)Sr. VP – 99acres, Naukrigulf
PGDBA, IPMPreviously with Xerox
V.Suresh (37)Sr. VP – Naukri
B.E. (Instr. and Control). Masters in Mgmt, Sathya Sai Institute of Management.
Previously with Xerox
V.Suresh (37)Sr. VP – Naukri
B.E. (Instr. and Control). Masters in Mgmt, Sathya Sai Institute of Management.
Previously with Xerox
Vibhore Sharma (35)Sr. VP – Technology – Naukri,
FirstnaukriB.Sc IGNOU
Previously with Pioneer
Vibhore Sharma (35)Sr. VP – Technology – Naukri,
FirstnaukriB.Sc IGNOU
Previously with Pioneer
Harveen Bedi (38)Sr. VP - Quadrangle
PGDBA, Birla Institute of Management Technology
Previously with Nestle
Harveen Bedi (38)Sr. VP - Quadrangle
PGDBA, Birla Institute of Management Technology
Previously with Nestle
Sharmeen Khalid (38)Sr. VP – Human Resources
MBA IRMA Previously with Polaris
Sharmeen Khalid (38)Sr. VP – Human Resources
MBA IRMA Previously with Polaris
Sudhir Bhargava (40)Sr. VP - Corporate Finance
B.E., MBA (FMS, Delhi University)Previously with HSBC, ICICI Bank
Sudhir Bhargava (40)Sr. VP - Corporate Finance
B.E., MBA (FMS, Delhi University)Previously with HSBC, ICICI Bank
Shalabh Nigam (37)Sr. VP - Technology – Brijj, Shiksha,
99acresB Tech IIT - Kanpur
Previously with Baypackets
Shalabh Nigam (37)Sr. VP - Technology – Brijj, Shiksha,
99acresB Tech IIT - Kanpur
Previously with Baypackets
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Recruitment classifieds and servicesNaukri, Quadrangle, Naukrigulf, Asknaukri, Brijj,
Firstnaukri
Recruitment classifieds and servicesNaukri, Quadrangle, Naukrigulf
Asknaukri, Brijj, Firstnaukri
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The recruitment market
Naukri is the hub
Market recovering slowly
Others
Over 330
universities and
17,600 colleges
Over 3 mm graduates every
year
Over 120,000 IT professionals every
year
Over 1 mm employed by IT &
ITES
35 cities > 1 mm population
Recruitment
consultants
Online
Other
Recruitment solutions
Source: Nasscom, Department of Higher Education
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Job search is popular
Job Search the second most popular activity of Internet Users
Source : Juxtconsult’s India Online 2009 Report, Sample size ~ 28,000 households
% Internet users undertaking activity
84%
71% 68% 67%62%
55%
0%10%20%30%40%50%60%70%80%90%
Search for travel
products
Job search Search for non
travel products
Instant
Messaging/
Chatting
Check General
New s
Dating /Friendship
% undertaking activity
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Two major revenue streams• Major
– Job listing and Employer Branding / Visibility
– Resume Database Access
• Others– Job Seeker services
– Google Ad Sense
– Advertising other than for jobs
– Mobile revenues
– Resume short listing and screening
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Revenue ModelBanner
Ad
Panels
Job
Seeker
Services
Mobile
Revenues
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Revenue Model
Featured
Company
Banner
Ad
Google Ad
Sense
Job Listings
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Banner
Ad
RESDEX
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Strategy – strengthen virtuous circle
o Hire and retain quality talent
o Product and technology innovation
o Superior sales and service execution
o Build the brand
Naukri.com benefiting from a virtuous cycle
We’ve got the
most jobs
So we get
the most response
So we get
the most clients
So we get
the most traffic
Imperatives
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Competitive activity resulted in market expansion
• Online
– Monsterindia and Jobsahead
– Timesjobs – from Times of India, India’s leading newspaper group
– Others – Jobstreet, Clickjobs, Ndtvjobs, Shine
– Times of India, Hindustan Times, Hindu, others
• Recruitment consultants and search firms
– Highly fragmented
– Many are our clients
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Coming out of slowdown• Benefit from
– Improving traffic share• Consistently above 60% as per Comscore for 5 consecutive
months
– Improved sales force efficiency – Improved telesales efficiency – Product innovations
• Revive lapsed accounts• Increase ad spend
– TV advertising done after a gap of 4 quarters in Q2
• Head count right sized• Cost consciousness continues
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Quadrangle
Offline head hunting business. Success based revenue model.
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Naukrigulf
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Asknaukri
A career guidance site. To develop a repository of questions and answers.
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Brijj
A professional networking site with about 2 mm registrations.
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Firstnaukri
A site for fresher hiring
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Real estate 99acres, Allcheckdeals
Real estate 99acres, Allcheckdeals
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Surge in demand during 2004 to 2007 for real estate
Market characteristics
3
46
131
11
124
96
Rich; >US$4,675paStrivers;<US$975pa Aspirers; US$975–4,675 pa
181 mm Hhlds
Source: Registrar General of India; RBI, NCAER.
Reasons for boom
• Home ownership
valued in India
• Increasing incomes
• Growing middle class
• Nuclear families
• Urbanization
• Easier home finance
• Supply creation with
aggressive marketing
2003 2013
231 mm Hhlds
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Revenue streams
• Most revenue from developers, builders and brokers
• Site has traction for residential, primary & secondary, sale and purchase– To develop for commercial and rental markets
• Revenue from– Property listings
– Builders/Brokers Branding & Visibility – Microsites, home page links, banners
– Others – buyer database access
– International listings
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Banner
Ads
Buyer
Database
Panels
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Banner
Ads
Banner
Ads
Featured
Gallery
Sponsored
Properties
Google Adsense
Property
Listings
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Competition• Online
– Magicbricks, Indiaproperty, Makaan
• Print– Times of India, Hindustan Times, Hindu, others
• Other mass media – TV, Radio, Outdoor
• Real estate brokers
– Large population, highly fragmented, no license requirements, unregulated
– Many are our clients
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Coping with slowdown• Growth impacted due to market conditions
– Some traction in economy housing segment / buyers beginning to show interest
• Continuing to reach out to builders/ developers/ brokers – They are working harder to get customers– Internet a cost effective media
• More evangelizing needed
• Product innovation– Improved display of results– SEO
• Site revamp • Investment to continue through the slowdown
– Emerge stronger as market rebounds– Increase in traffic share being witnessed (as per Comscore)– Competition is severely impacted
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Allcheckdeals
Broking services. Success based revenue model. Over 350 transactions closed in Q2 FY 10
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Matrimonial classifieds & servicesJeevansathi
Matrimonial classifieds & servicesJeevansathi
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Large market with many segments• Over 300 mm people estimated to be in 10 to 30 years
age bracket over next 10 years– A steady growth market
• Urbanization and increased economic activity – increased mobility of work force
– nuclear families
– breakdown of traditional networks
• Arranged marriages are mostly within castes and communities
• Important to segment the market and focus– A discovery led process
• Improve reach through Jeevansathi Match Points– 14 outlets in 6 cities
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Revenue model
Website
• Free to list
• Free to search
• Free to express interest
• Free to accept others expression of interest
• Pay to get contact details
Offline centres (14 centres operational)
• Walk in sales for matching services
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Key metricsWebsite
• Daily profile acquisition rate
• Cost per profile acquired
• Percentage conversion from free to paid
• Average bill per paying customer
• Important to nudge key metrics in the right direction through smart brand building and superior product experience
Offline centres (Jeevansathi Matchpoint)
• Footfall
• Monetisation
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Competition• Online players
– Shaadi, Bharatmatrimony, Simplymarry
– Offline centres
• Print classifieds
– Times of India, Hindustan Times, others
• Marriage Bureaus and matchmakers
– Community focused, fragmented, unorganized, geographically constrained
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EducationShiksha
EducationShiksha
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Shiksha
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Educational classifieds• www.shiksha.com launched May, 2008
• Over 110,000 listings aggregated
• Product feedback encouraging
• Market receptive– Offices in 10 cities
• Large market dominated by print– Weekly supplement in English dailies
– Three categories of advertisers • Indian education players (universities and institutes)
• Test prep and coaching institutes, and
• Overseas universities/ colleges targeting Indian students
• Spend on TV, radio and outdoor increasing
• Advertising spend bigger than real estate– likely to be less affected in current slowdown
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Coping with the slowdown
• A startup business
– Investment continues in
• Sales force
• Product
– Key deliverables
• Traffic share
• Customer acquisition
• Consumer experience
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Investee Companies Investee Companies
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Applect
• Launched www.meritnation.com– Commenced paid services for online educational
assessment – Also providing free solutions for mathematics and
science for standard 6 to 12 of a popular curriculum (CBSE) and 6 to 8 for another (ICSE)
• Large addressable market• Team experienced in development of education
content, assessment modules and delivery• Propose to invest INR 65 mm, in tranches, for a
40% stake– Invested ~ INR 49 mn as on September 30, 2009
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41
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42
Etechaces
• Comparison shopping of financial products
• Currently selling insurance online through www.policybazaar.com– Loan products added (home, personal, car, education)
• Experienced team
• Large market with annuity income
• Propose to invest INR 200 mm, in tranches, for a 49% stake– Invested INR 75 mm as on September 30, 2009
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43
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44
Studyplaces
• Online education information site
• Large addressable market – Education a path for upward mobility
• Experienced promoter
• Invested INR ~ 40 mn for a minority stake
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45
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Governance Governance
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47
Board of Directors
Hitesh Oberoi (37)Whole Time Director and Chief
Operating OfficerB.Tech IIT Delhi, PGDM IIM-BPreviously with HLL (Unilever)
Hitesh Oberoi (37)Whole Time Director and Chief
Operating OfficerB.Tech IIT Delhi, PGDM IIM-BPreviously with HLL (Unilever)
Ambarish Raghuvanshi (48)Whole Time Director and Chief
Financial Officer CA, PGDBM XLRI
Previously with Bank of America & HSBC
Ambarish Raghuvanshi (48)Whole Time Director and Chief
Financial Officer CA, PGDBM XLRI
Previously with Bank of America & HSBC
Sanjeev Bikhchandani (46)Managing Director and CEO
BA Econ. St. Stephen’s. PGDM IIM-APreviously with Glaxo SmithKline
Sanjeev Bikhchandani (46)Managing Director and CEO
BA Econ. St. Stephen’s. PGDM IIM-APreviously with Glaxo SmithKline
Whole time
Kapil Kapoor (45)Chairman & Non-Executive
DirectorB.A.Econ, PGDM IIM-A
MD Timex Group India Ltd.
Kapil Kapoor (45)Chairman & Non-Executive
DirectorB.A.Econ, PGDM IIM-A
MD Timex Group India Ltd.
Sandeep Murthy (32)Non-Executive Director
M.B.A. Wharton SchoolNominee KPCB and Sherpalo
Sandeep Murthy (32)Non-Executive Director
M.B.A. Wharton SchoolNominee KPCB and Sherpalo
Non Executive
Bala Deshpande (43)Independent DirectorMA Econ.,MMS JBIMS
New Enterprise Associates (NEA)
Bala Deshpande (43)Independent DirectorMA Econ.,MMS JBIMS
New Enterprise Associates (NEA)
Arun Duggal (62)Independent Director
B.Tech IIT Delhi, PGDM IIM-APreviously with Bank of America &
HCL Technologies
Arun Duggal (62)Independent Director
B.Tech IIT Delhi, PGDM IIM-APreviously with Bank of America &
HCL Technologies
Ashish Gupta (42)Independent Director
B.Tech IIT Kanpur, Ph.D. StanfordPartner, Helion Venture Partners
Ashish Gupta (42)Independent Director
B.Tech IIT Kanpur, Ph.D. StanfordPartner, Helion Venture Partners
Saurabh Srivastava (63)Independent Director
B.Tech IIT Kanpur, M.Sc Harvard Founder IIS Infotech (Now Xansa),
NASSCOM, TiE
Saurabh Srivastava (63)Independent Director
B.Tech IIT Kanpur, M.Sc Harvard Founder IIS Infotech (Now Xansa),
NASSCOM, TiE
Naresh Gupta (43)Independent Director
B Tech IIT Kanpur, Ph. DMD Adobe India
Naresh Gupta (43)Independent Director
B Tech IIT Kanpur, Ph. DMD Adobe India
Independent
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Corporate Governance
• Separation of Chairman and CEO role
• Five independent Directors out of a total of ten
• Disclosure of balance sheet and cash flow statements every quarter even though not mandatory
• Internal audit performed by an external firm
• Audit Committee comprises Independent Directors only
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FinancialsFinancials
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Financial performanceRevenues
Q2 FY 10 over Q2 FY 09 : 10.8% decline in revenue and 15.6% decline in net sales
194.7
451.2 840.6
1471.6
2396.6
671.4
723.2
701.8
641.6
2738.0
619.4
645.1
0
500
1000
1500
2000
2500
3000
FY2004
FY2005
FY2006
FY2007
FY20
08Q
1 FY
09Q
2 FY
09Q
3 FY
09Q
4 FY
09FY20
09Q
1 FY
10Q
2 FY
10Figures in INR mm
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Financial performance – Other verticals (mainly Jeevansathi and 99acres)
Revenues
3.80
44.54
74.8090.65 91.45
78.29
335.12
86.29 91.61118.67
225.12
0
50
100
150
200
250
300
350
400
FY2005 FY2006 FY2007 FY2008 Q1 FY09 Q2 FY09 Q3 FY09 Q4 FY09 FY2009 Q1 FY10 Q2 FY10
Figures in INR mm
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Financial performanceNet ProfitEBITDA
23
5.2
21
9.1
46
.6
14
0.0
24
1.9 4
41
.3
84
2.0
20
7.5
22
4.0
26
2.0
24
5.2
93
8.7
23.9%
35.13%
36.45%
35.38%
34.28%
38.21%37.33%
31.00%
31.00%
30.0%
29.7%
31.0%
0
100
200
300
400
500
600
700
800
900
FY2004
FY2005
FY2006
FY2007
FY20
08Q
1 FY09
Q2
FY09Q
3 FY09
Q4
FY09FY20
09Q
1 FY 1
0Q
2 FY10
EBITDA Margin
24
.4
14
7.4
13
3.0
59
6.9
13
8.3
17
2.1
15
6.7
12
9.7
55
4.9
27
0.7
13
2.8
93
.8
12.5%
20.8%
16.7%18.3%
23.2%
19.3%
21.6%
24.53%
22.84%
21.48%21.80%
21.56%
0
100
200
300
400
500
600
700
FY2004
FY2005
FY2006
FY2007
FY2008
Q1 FY09
Q2 FY09
Q3 FY09
Q4 FY09
FY2009
Q1 FY10
Q2 FY10
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
PAT Margin
Figures in INR mm
61.5%-86.3-33.2EBITDA Loss in other verticals
0.8%15.8%16.6%Operating PAT margin
-11.4%103.691.9Operating PAT
3.8%23.7%27.5%Operating EBITDA margin
-2.2%155.0151.6Operating EBITDA
Change YoYQ2 FY09Q2 FY10
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Balance sheet (as on 30.09.09)
75.6%
0.1%
0.8%
6.4%6.5%10.6%
Share capital
ESOP o/s amount
Reserves and
surplus
Secured loans
Deferred sales
revenue
Other current
liabilities+provisions
8.0%
0.4%
74.1%
2.0%
6.5%8.5%
0.6%
Net block + CWIP
Capital advances
Deferred tax asset
Investments
Cash and bank balance
other current assets
Advance recoverable from
ESOP Trust
Liabilities Assets
Balance sheet size as of 30.09.2009 ~ INR 4,294 mm
Fixed deposits in banks and debt mutual funds ~ INR 3,294 mm (excluding accrued interest on fixed deposits in banks of Rs 194.7 mm)
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Shareholding pattern (as on 30.09.09)
Total issued and paid up shares of Rs 10 each were 27.29 mm as on 30.09.09
Equinox 5.68%
Fidelity Funds 5.61%
KPCB and Sherpalo 4.09%
T Rowe Price 3.32%
Matthews 2.19%
Acacia Parttners 1.03%
Wholetime
Direc tors & their
entities , 54.15%Foreign
Ins titutional
Inves tors ,
24.06%
Indiv iduals and
others , 11.96%
Overseas
Corporate
Bodies , 4.09%
Mutual Funds
and Banks , 3%
Bodies
Corporate,
0.55%
ESoP Trus t,
2.19%
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Update Q4 FY 09 & FY 09Update Q2 FY 10
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Recruitment solutions
• EBITDA margin in Naukri declined from 45.2% in Q2 FY 09 to 36.9% in Q2 FY 10
• Jobspeak, an index of job listings added on Naukri.com, increased 4.1% in September 09 to 729 over 701 in August 09 (664 in May, 09)
-4.7%42.8%38.1%EBITDA margin Recruitment
-27%241175EBITDA
-2.7%86.1%83.4%% to Company Net Sales
-18%563460Net Sales from Recruitment
Change YoYQ2 FY09Q2 FY10
Rs in million
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Hiring Survey
9.5%
4.6%
14.3% 13.4%
37.8% 37.5% 38.0%
44.5%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
Layoffs will
happen
No hiring Replacement
hiring will
happen
New jobs will be
created
Dec-08 Jun-09
Survey of recruiters conducted by Info Edge India Limited in December 2008 (sample size of 1600) and May/ June 2009 (922) on hiring outlook for calendar year 2009
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Naukri Jobspeak Index
1000 963
781 801738 774 711 718 701 729
902
697677 664
727
0
200
400
600
800
1000
1200
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-0
9Apr-0
9M
ay-09
Jun-09
Jul-09
Aug-09
Sep-09
Naukri Jobspeak Index
Naukri Jobspeak Index is an index of job listings added to the site by recruiters who are clients of www.naukri.com
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Naukri
• Hiring by companies picking up though slowly– Growth indexed to GDP growth rates
– Decreased recruitment revenue from IT clients
• Work on algorithms and product bearing results– Encouraging response
– Increased traction
• Competitive pressure continues– Competition likely impacted more
-3%18.618.1No. of corporate customers in '000
53%3858No. of resumes modified daily in '000
-29%1712No. of resumes added daily in '000
25%14.918.7No. of resumes in mm
Change YoYQ2FY09Q2 FY10
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Coming out of the slowdown• We are emerging in a stronger competitive
position– Continued to invest in
• technology
• product innovation
– Operating metrics up - traffic share, applications, resume’s
• Greater efficiencies from the sales system– Workforce right sized
• Strong balance sheet lends vital support– Potential to maximise advertising benefit
• Competition is severely challenged
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Naukri traffic share (%)
Source : Comscore
0
10
20
30
40
50
60
70
Nov-
07
Jan-
08
Mar
-08
May
-08
Jul-0
8
Sep
-08
Nov-
08
Jan-
09
Mar
-09
May
-09
Jul-0
9
Sep
-09
Tra
ffic
sh
are
in
%
Naukri Monsterindia Timesjobs
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62
Naukri traffic share
Source : www.alexa.com
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Naukri traffic share
Source : http://trends.google.com/
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Naukrigulf
• 1 office each in Riyadh & Bahrain and 2 in Dubai
• Slowdown has set in and business will take a little longer to revive
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Other verticals (mainly 99acres & Jeevansathi)
• EBITDA loss in Q2 FY10 comprised – Jeevansathi profit INR 2 mm– 99acres INR 9 mm– balance INR 26 mm from brijj, allcheckdeals, shiksha
42%-86-33EBITDA
2.7%13.9%16.6%% to Company Net Sales
1%9192Net Sales from Other Verticals
Change YoYQ2 FY09Q2 FY10
Rs in million
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99acres• Increase in listings
– Property listings at over 199,000 in Q2 FY 10 vs 153,000 in Q2 FY 09
– Increase in paid listings to 170,000 in Q2 FY 10 vs 128,000 in Q2 FY 09
• Site revamp – UI/ search algorithm• Revenue growth impacted
– real estate sector possibly one of the worst effected due to credit squeeze
• Market for online classifieds expected to grow– Cost effective medium like internet will be preferred– Spend on print and outdoor sizeable– Some new lower priced projects announced by Realty
Cos.
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Jeevansathi• Investment in growth continues
– Brand building to continue
– 14 domestic offline centres (Jeevansathi Match Point) operational
• About 3.3 mm profiles as on 30.09.09 vs 2.5 mm profiles as on 30.09.08– Continue focus on Northern and Western Indian
market
• Explore non resident Indian market
• Site revamp work completed• Jeevansathi may possibly breakeven for full FY 09-10
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Investor relationsName Ambarish Raghuvanshi Sudhir Bhargava
Designation Director and CFO SVP - Corporate Finance
e mail [email protected] [email protected]
Telephone +91 120 3082007 +91 120 3082006
Fax +91 120 3082095
Address Info Edge (India) Limited, A 88 Sector 2, Noida - 201301, U.P., India
Website www.infoedge.in
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6969
May, 2009October, 2009