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March 6, 2020 To The General Manager Department of Corporate Services, BSE Limited, 1 st Floor, New Trading Ring, Rotunda Building, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Security Code - 539978 Dear Sir/Madam, Sub.: Annual Analyst Meet- Presentation auess WINNING TOGETHER The Manager Department of Corporate Services, National Stock Exchange of India Limited Exchange Plaza, Sandra- Kundra Complex, Sandra (East}, Mumbai - 400 001 NSE Symbol - QUESS Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In continuation to our letter dated February 14, 2020, we are enclosing herewith the presentation made on Thursday, March 5, 2020 at the Annual Analyst Meet. The above said presentation is also made available on the Company's website www.quesscorp.com Kindly take the above information on record. Thanking you, Yours faithfully For Quess Corp Limited KundCompany Secretary & Compliance Officer Encl: a/a Quess Corp Limited Quess House, 3 / 3 / 2, Bellandur Gate, Sarjapur Road, Bengaluru-560103, Karnataka, India Tel: +918061056001 I connect@quesscorp.com I CIN No.L74140KA2007PLC043909 .quesscorp.com

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Page 1: auess - archives.nseindia.com · Our business model is difficult to replicate Scale Expertise Agile ... Online Job Portal Break-fix Services WORKFORCE MANAGEMENT OPERATING ASSET MANAGEMENT

March 6, 2020

To

The General Manager Department of Corporate Services, BSE Limited, 1st Floor, New Trading Ring, Rotunda Building, Phiroze JeejeebhoyTowers, Dalal Street, Mumbai - 400 001 Security Code - 539978

Dear Sir/Madam,

Sub.: Annual Analyst Meet- Presentation

auess WINNING TOGETHER

The Manager Department of Corporate Services, National Stock Exchange of India Limited Exchange Plaza, Sandra- Kundra Complex, Sandra (East}, Mumbai - 400 001 NSE Symbol - QUESS

Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015.

In continuation to our letter dated February 14, 2020, we are enclosing herewith the

presentation made on Thursday, March 5, 2020 at the Annual Analyst Meet.

The above said presentation is also made available on the Company's website

www.quesscorp.com

Kindly take the above information on record.

Thanking you,

Yours faithfully

For Quess Corp Limited

"'Kund� Company Secretary & Compliance. Officer

Encl: a/a

Quess Corp Limited

Quess House, 3/3/2, Bellandur Gate, Sarjapur Road, Bengaluru-560103, Karnataka, India

Tel: +91806105 6001 I [email protected] I CIN No.L74140KA2007PLC043909

www.quesscorp.com

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Winning TogetherAnnual Analyst Day

March 5, 2020

Quess Corp Confidential © 2020. All Rights Reserved.

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Quess Corp Confidential © 2020. All Rights Reserved.

Contents

• Opening remarks

• Global Technology Services

• India Operations

Work Force Management

Integrated Facility Management Services

Training, Security Services & Industrial

• Strategic priorities

• Closing remarks

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Opening remarks

Quess Corp Confidential © 2020. All Rights Reserved.

Ajit IsaacCMD

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Quess Corp Confidential © 2020. All Rights Reserved. 4

Our Ikigai

Driving productivity for our clients

HOW DO WE ACHIEVE IT?

Outsourcing & Optimizing non-core activities

Sourcing & Deployment

Training Facilities & Maintenance

F & A

IT Services Security Compliance

Process Outsourcing

Sales & Marketing

WHAT DID THIS LEAD TO?

HR Services

2007 2012

Business Services2019

Platform + Products

2020

T&M (Headcount) + SLA based + Transaction based + Outcome driven + Subscription based

The formation of India’s largest Business Services Platform

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Quess Corp Confidential © 2020. All Rights Reserved. 5

Factors influencing our business

• Employee career preferences have changed

• Creation of more diverse employment opportunities

• Social contracts have morphed with more formalization and need for protection of benefits

• Growth & wage stagnation

• Clients preference for outcome based projects

A combination of the above is leading to on-demand supply of services with outcome based commercial structures delivered through mobile and cloud

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• In-house developed practices and processes (15 bots, 90 apps)

• In-house error-free compliance (70+ acts, 1,000+ min. wage codes)

• 61 copyrighted training courses

Quess Corp Confidential © 2020. All Rights Reserved. 6

Our business model is difficult to replicate

Scale

Expertise

Agile

All-weather

Selected Digital Products

Hawk-I

WHY?

• #1 or #2 in most businesses in India

• Presence across PAN India, SEA, US, Canada and ME

• On-boarding 20,000+ headcount monthly

• DigiCare – PIN Code coverage up from 6,000 to 12,500 in a year, covering 65% of PIN codes in India

• Catering to essential services of the economy

• Diversified sectoral mix with low customer concentration risk

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Quess Corp Confidential © 2020. All Rights Reserved. 7

Ajit Isaac Chairman and MD

Suraj MorajeED & Group CEO (Designate)

Guruprasad SCOO, India Region

S RamakrishnanGroup CFO

Lohit Bhatia President WFM

Pinaki KarPresident, Tech

Rajesh Kharidehal CBO

Strong leadership – our Management Council

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Strategic priorities

Quess Corp Confidential © 2020. All Rights Reserved. 8

Suraj MorajeED & Group CEO (Designate)

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• What we do matters: India’s largest employer, dignified jobs that are fully compliant with all labour laws

• Unrivalled platform to make businesses and people more productive, driving value for our customers, and for their customers in turn

• Held by long term investors, each of us wants to build an institution and leave behind an organization that is good for society

• A new phase, from adolescence to adulthood. Processes. Talent. Technology

Quess Corp Confidential © 2020. All Rights Reserved 9

I’m delighted to be here today!

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22,159

8,9531,551

1,341

1,052

1,810

7951,385

311300

300

27,559

5,870

1,402

955

541

373

196

13,306

2,5751,349

8,341,359

4,407

3,112

1,303

1,2611,231

934

585

5,891

2,903

2,1541,111656

17,909

13,234606

305

9,017

6,72

491

6,236836

4,203712

639

591

422

290

1,786

1,608

580

576

426

2,464

1,752741

575

1,7171,058

1,263576

1,409

975

828

783

2,258456

382

343

2,030412

372

371162

1,089776

310

1,883

170

150

1,555

384

269

200

1,612

3542321,623

831188

642

131

295183

452

401323

210

176166

86

210 177147

127119

114

1029178

68185

172

172

171

155

132

102446

376

311132

81

360

291286

222

125

81

147

6275

120

56

411

359 237

173 158

79

124

196

160

64585848

127

11

158

75115

114

85

544

505

460

322

416274

5029

8240

63

38

139

1715

141

The power of people

49%51%

Metro Vs Non Metro

Metro

Non-Metro

Note: Metro includes Delhi NCR, Mumbai, Bengaluru, Hyderabad, Chennai, Pune, Kolkata and Ahmedabad

10Quess Corp Confidential © 2020. All Rights Reserved

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11

MARKETING

• Market activations• Visual merchandising

execution• Product promotions• Field campaigns

SALES

• In-store execution• Feet on the street

execution• Tele sales support• Outbound and

inbound logistics

CUSTOMER SERVICE

• Omni-channel CRM• CRM digitisation• Back office

automation and processing

• Collections

AFTER SALES SUPPORT

• Inbound support services

• Door step Installation• Break fix services

CORE OPERATIONS

• Asset Management• Industrial O&M• IOT-based solution

development• Core skills training and

development

FACILITIES

• Soft and hard facilities maintenance

• Food services• Security• Landscaping

IT & MOBILITY

• IT staffing solutions• IT infra

management• Digital IT Services• Automation and

RPA• Cyber security• Asset tracking tools• Workforce

management tools

FINANCE

• F&A processing • Reconciliation

services

• Payroll processing and HRO

• Monster.com• Recruitment• Executive Search • Labour compliance

management• HRMS

HUMAN RESOURCES

Quess Corp Confidential © 2020. All Rights Reserved

How we drive productivity for our clients

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Technology

People

Manpower Managed Services

Platform (PaaS)Product (Licenses

& SaaS)

We are evolving our business models

12Quess Corp Confidential © 2020. All Rights Reserved.

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13Quess Corp Confidential © 2020. All Rights Reserved

Industry trends will accelerate this change

Steady creep of automation and mechanisation in front-line and back office tasks

Greater formalization and higher minimum wages result in our labour being no longer cheap. Increased need to drive productivity

Labour laws promise to change and likely to play in our/industry’s favor

Career choices and employment formats are changing – more flexibility

New breed of potential competitors with online / technology heritage, across service segments

Continued pricing pressure, especially from informal / less compliant competitors, felt more intensely in periods of slower economic growth

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14

• Strengthened focus on account management, customer satisfaction management, cross sell

• Productivity improvement and digitally-enabled revenues

• Brand and communication

• Technology enabled recruitment and services to our people

• Top talent renewal and retention

• Great place to work

• Focus on ROE

• Over time, divest any businesses that don’t meet our returns bar

• Balance sheet lightening

Quess Corp Confidential © 2020. All Rights Reserved

Our focus: Winning Together with our Customers, People and Investors

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Quess Corp Confidential © 2020. All Rights Reserved 15

Winning with Customers: Our promise is unrivalled

• 3,85,000 + employees

• Associates deployed in 644 cities

• Presence in North America and SEA

Scale

• Entrepreneurial and youthful

• Deliver exactly as our clients need, consistently

• Unrivalled mobilisation capabilities (e.g., 1,000 + recruiters, Monster.com)

Agility

Technology• Leader in tech-enabled skilled labour delivery

• Rapidly customisable front-line tooling

• Significant ongoing investments in technology platforms / capabilities (e.g., Heptagon, InEdge)

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Staffing

IT Staffing

Search and Recruitment

Skilling & Learning Solutions

Digital Compliance Solutions

Logistics Services

IFMS

Industrial Services

Security Services

Telco Network Services

Domestic CLM & BPO

International CLM & Payroll

IT Services

IT Infrastructure Management

Digital Transformation Services

Online Job Portal

Break-fix Services

WORKFORCE MANAGEMENT OPERATING ASSET MANAGEMENT GLOBAL TECHNOLOGY SOLUTIONS

Winning with Customers: We are simplifying our branding

Quess Corp Confidential © 2020. All Rights Reserved 16

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Quess Corp Confidential © 2020. All Rights Reserved. 17

• Customers – The full power of Quess to each one

• People – The benefits of citizenship

• Investors – 20% RoE

In summary…

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Quess Corp Confidential © 2020. All Rights Reserved.

India Operations

Guruprasad SrinivasanCOO, India Region

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19

Opportunity for Quess to grow more than

5xUnited States India

GDP USD 21.4 trillion USD 2.9 trillion

Business Serv. % of GDP ~13% ~2%

Market Size USD 2.7 trillion USD 50 billion

Quess current mkt share 3%

Indian Business Services opportunity is poised for growth

0.00

0.50

1.00

1.50

2.00

2.50

3.00

0 2 4 6 8 10 12 14

IndiaBrazil Russia

China

EU

USA

Mar

kets

Siz

e (

USD

Tri

llio

n)

Business Services as a % of the GDP (%)

Quess Corp Confidential © 2020. All Rights Reserved.

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Quess Corp Confidential © 2020. All Rights Reserved. 20

22%

23%

24%

25%

27%

30%

31%

31%

31%

32%

Services Sector

63%

62%

60%

56%

51%

46%

45%

45%

44%

43%

1991

1995

2000

2005

2010

2015

2016

2017

2018

2019

Agriculture

15%

16%

16%

19%

22%

24%

24%

24%

25%

25%

Industry

Source : Data.Worldbank.org

Sectoral mix in Employment: 30 year trend

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Quess Corp Confidential © 2020. All Rights Reserved. 21

• Focus on key Account Management (SMART)

• Cross Selling across Business Units

• Leadership Development• Robust Second Line of

Command• Great Place to Work

• Focus on Growth and ROE• Reduce cost to serve and

leverage scale by digital transformation

Key focus: WFM & OAM

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Quess Corp Confidential © 2020. All Rights Reserved.

Workforce Management

Lohit BhatiaPresident, WFM

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Quess Corp Confidential © 2020. All Rights Reserved. 23

$180 BNorth

America

$130BEurope

Global - $491 Billion

2.6

3.3

4.9

7.8

8.9

15.5

France

India

Japan

Brazil

China

USA

Flexi work force in Mn (HC)

Source: https://www.statista.com/topics/5689/the-staffing-industry-worldwide/; World Employment Confederation 2018

Source :ISF Report 2019

$26 BAPAC

$21 BAUS

$45 BJapan

Global Staffing Potential

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India: Market PotentialIndian Flexi Workforce Growth

CAGR16.3%

Expected CAGR22.7%

24

2015 2018 2019 2020 2021

2.1 M

3.3 M4.1 M

5.1 M6.1 M

Quess Corp Confidential © 2020. All Rights Reserved.

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Quess Corp Confidential © 2020. All Rights Reserved.

81%

19%

60%

40%

Revenue Split EBITDA Split

94%

6%

Associate Base1st

1st

5th

4th

1st

New Player

6th

Leadership Position (Staffing)

Business mix

GS IT Staffing & APAC

25

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34%

21%

14%

9%

9%

4%

3%3%

3%

BFSI

Retail

Telecom

FMCG

Manufacturing & Infra

E Comm & Logistics

HHO

IT/ITES

Agro

Quess Corp Confidential © 2020. All Rights Reserved.

General Staffing IT Staffing & APAC

46%

18%

12%

8%

5%5%

5%

1%

IT/ITES

Telecom

BFSI

E Comm & Logistics

HHO

Retail

Manufacturing & Infra

FMCG

Agro

Sectoral breakup

26

Collect & Pay : Upfront72% : 28%

% sign up : Flat fees35% : 65%

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27

47 ProjectsWith Value Added

Services

Key pointers

10k+Manage 5 projects

115 Infra LocationsAdditional Margins

207+New relationships

257+Deployment

per client

523+ accounts; 100k HCRPA driven process

Consistent wins5 digit programs every

year

Tech solutionsTask based Services

portfolio

Quess Corp Confidential © 2020. All Rights Reserved.

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Faster growth than Global Players

Quess Corp Confidential © 2020. All Rights Reserved.

21 3 4

28

Revenue (USD) 27 B 26 B 21 B 5.3 B 1 B

CAGR 5% 5% 4% 2% 30%

EBITDA Margin 4.6% 4.5% 4.0% 2.0% 3.4%

EBITDA/GM 24% 25% 25% 13% 57%

HC 649k + 700k + 600k + 500k + 259k +

Global Peers

Globally, Quess is the 5th largest Staffing Company by Headcount

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29

IT Staffing - India• Improved productivity – Fitments per recruiter• Focus on volume vs value: Expand our Digital Vertical / Focus on Products • Expand Bill rate model • Enhance Sourcing channels from current 6 to 12 including hackathons

IT Staffing - Singapore• Expand IT Staffing beyond BFSI Industry • HTD Model (Skilling and Hire Train deploy) • Increase GTM team especially for Non IT (GS) business in Singapore coupled with outcome and

technology

General Staffing• Continue to drive volume growth via new client introductions • Drive for greater share of VAS • Drive further efficiency improvements through digitization

Quess Corp Confidential © 2020. All Rights Reserved

Key focus areas

APAC & ME• Expand GTM team , increase penetration in Retail / Events / Tourism besides our

strength Ecom / BFSI / Manufacturing/Telecom• Target No 3 in UAE and No 1 in Malaysia

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Integrated Facility Management Services

Quess Corp Confidential © 2020. All Rights Reserved.

Anand CCEO, IFMS

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Quess Corp Confidential © 2020. All Rights Reserved.] 31Source: Frost & Sullivan Analysis

India FM Industry

Growth Levers

$ 1B

$ 2.5B

$ 15B

2010

2019

203054%

46%

Indian FM Market

Organized Unorganzied

Organized Market

Productivity & SLA based contracts

Consolidation & Tech

Industry: Unorganized to Organized

Employment: Informal to Formal

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Soft Services

Quess Corp Confidential © 2020. All Rights Reserved.

Hard Services

Landscaping ServicesFood Services

• House keeping• Pest Control• Patient Bedside Assistance

• Central Kitchen• On-Site Kitchen

• Mechanical, Electrical, Plumbing

• Heating, Ventilation and Air Conditioning (HVAC)

• Repairs & Maintenance

• Softscape• Hardscape• Maintenance

256 M+ Managed Space

700 + Clients

177K+ (40 Kitchens)

Meals per day

2200 + Operating Sites

50K + Associates

50 +Hospitals Managed

Quess IFMS: Bird’s eye view

Service offerings Highlights

32

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Quess Corp Confidential © 2020. All Rights Reserved.

Sectoral Break-up

27%

22%

14%

10%

9%

6%

12%

IT/ITES EducationBFSI HealthcareGovt. & Public Utility ManufacturingOthers

Quess IFMS: Insight

Client Concentration

Direct vs Aggregators Strategy

Key Metrices

80% 85% 86%

20% 15% 14%

FY18 FY19 FY20Direct Clients Aggregator

Fixed vs. Manpower contracts

41%

54%62%

38%

Top 10 Top 20 Top 30 Rest

26%

74%

Fixed Manpower

33

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34

Education

5 verticalized solution offerings

IT/ITES

BFSI

• 60+ Clients• 40K Student beds• Work with 4 of top 6 Institute of Eminence

• 240+ Clients• Technology driven solution • IOT / Smart washrooms

• National Vertical• 900+ location services• Technology led remote Associate management

• Integrated Service offerings• National vertical

• Value Engineering• Vendor Management

• Efficiency through alternate delivery model

• Multi Skilled services

Healthcare• 50+ Hospitals• 14.5K+ hospital beds• National Vertical

• Infection control and Safety• Bio medical waste segregation• High Touch Surface Cleaning

Government & Public Utilities

• Emerging Sector for Quess• Government, PSUs, Airports, Metros• Integrated Service offerings

• Value Engineering• Management of high footfall• Mechanized Cleaning

Quess Corp Confidential © 2020. All Rights Reserved.

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Quess Corp Confidential © 2020. All Rights Reserved. 35

• Increase share of comprehensive contracts vs. Manpower based

• Key Account Management• Digital tools to enhance Clients &

Associates’ experience• Strengthen our sales team

• Increase engagements with associates

• Reduction of associate attrition

• Increase associate productivity

• Profitable Growth – Adopting ROE vs. EBITDA focus on contracts

• Improve operational efficiency by driving productivity through mechanization and training

Key focus areas

SPACE

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Skill Development & Security Services

Quess Corp Confidential © 2020. All Rights Reserved.

Guruprasad SrinivasanCOO, India Region

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Quess Corp Confidential © 2020. All Rights Reserved. 3737

SECTOR AFFILIATION

NEED ANALYSIS

CONTENT DEVELOPMENTMOBILIZATION

TRAINING

ASSESSMENT OJT

PLACEMENT

POST PLACEMENT COUNSELLING

Skill Development

Complete Training Life-cycle

Champion Employer with MORD

Largest PPP training providers in India

Partner to NSDC, affiliated with 16 sector skill councils

55,000 students, 48 projects, 20 states in India under DDUGKY

112 training centers, annual training capacity of 1,00,000+

Candidates across 16 sectors, 95 job roles

Key Training Sectors

Tourism Retail Construction

IT/ITES Logistics

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Quess Corp Confidential © 2020. All Rights Reserved. 38

Training Footprint

21 States

200 Districts

14 State Capital Centers

120 + Active Centers

149 School Centers

25 Upcoming Centers

59 Active Projects

Training Capacity – 1,00,000 + per annum

98%

2%

Non Govt

2% Non-government projects

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Quess Corp Confidential © 2020. All Rights Reserved. 39

• Expand direct B2B sales as a distinct revenue stream

• B2C training under COL (Ex TCIL)• Digitization of content

• Increase Captive Hiring • Introducing Paid Programs in

Travel & Leisure

• Faster collection and project closures with government

• Reduce capex intensity through partners

Key focus areas

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296

284

279

211

202

156

Police Personnel per 1 Lakh

Quess Corp Confidential © 2020. All Rights Reserved. 40

GDP: $2.9 TrillionPopulation: 1.34 B

Market Size by HC: 9 Mn

GDP (Estimate): $8 TrillionPopulation: 1.5 Billion

Market Size by HC: 33 Mn

GDP: $1.6 TrillionPopulation: 1.19 B

Market Size by HC: 1.1Mn

2010 2019 2030

Existing – 19 States

In Process -- 5 States

License

Security Services

40% lower than UN Recommended Ratio of 222. Under policed country with growing demand

9M+ Currently 9M Private Security guards while the Sanctioned Police Force is 3M

40+ Cities with population of greater than a million people

700 + Universities, 35,000 + Colleges, 15 Lakh + Schools

34% Urbanization on a base of 1.3 Bn will lead to market expansion

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Security Services: What we do

Only Manned Guarding Only CCTVIntegrated Security Loss Prevention

+ +

Man GuardingElectronic Security Services

Security Architecture and EngineeringEvent Management Security

Audits

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Quess Corp Confidential © 2020. All Rights Reserved. 42

Terrier Control Center

Client Site

• Accurate, fast and reliable

• Minimizes manual compilation.

• Helps plan ops and deployment

Digital Survey

Training

Customer Ops1

1

• Guard engagement• Video training• Grievances• Alerts• Monitoring

Terrier Secure App.

• Enables first time right onboarding

• Minimizing issues like delayed salary, ID Card, uniforms, etc.

Paperless Onboarding 2

3

Post

Sit

e Tr

ansi

tio

nP

re T

ran

siti

on

Handle guard grievances

Helpdesk

• GPS and CC enabled• Security governance

tool. • Monitor post duty,

beat plan of guards

Hawk-i

Govern the Field Officer movement and correct

claim process

Sense Staff

For emergencies & risk mitigation

ResQ5

6

7

4

Op

erat

ion

Exc

elle

nce

1

Survey

6

5

QRT Team

47

Guard

3

2

Guard

Command Centre

31 4 5 6

Help Desk

HR

Accounts & Payroll • Manages gate

• Visitors• Enable better

experience

Visitor Management

• Invoice Acknowledgement

• Copy and acceptance auto

• mailer to client.

Invoice Automation 89

Billing & Compliance

Reception

Client -payment

8

9

2

3

32 9

3 7

3 7

8

Digital Service Delivery Architecture

Quess Corp Confidential © 2020. All Rights Reserved.

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Client ConcentrationRevenue Break-up

34%

21%8%

7%

6%

5%

4%3%

12% ITES

Manufacturing

Healthcare

Education

BFSI

Retail

Infrastructure

Aggregator

Others

Quess Corp Confidential © 2020. All Rights Reserved 43

23%

33%

51%

49%

Top 5 Top 10 Top 25 Rest

Sector break-up

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Quess Corp Confidential © 2020. All Rights Reserved. 44

• Integrated solutions • Common Digital Platform• Key Strength – IT/ITES &

Manufacturing• Acquisition of new customers

and geographical expansion

• Training Centers - 2 completed and 2 under construction

• Throughput: ~300/month

• Focus on EBITDA margin• Improve RoE• Focus on collection

Security Services: Key focus

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Quess Corp Confidential © 2020. All Rights Reserved.

Cumulative Capacity of Metal Plants

Served by us

Industrial Services

Industrial

Utilities

Telecom

75k

Towers Installed and Optimized

40 MT

Cumulative Capacity of Power Plants

Served by us

2000 MWMeter Readings Per

Month

3.2 Mn

45

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Key Focus: Currently West focussed with penetration in other States

Project focus

Telecom

• Telecom Tower Installation

• Network Planning

• Network Rollout

• Managed Services

• Network Optimization

• Performance Management

Key Focus: Engineering services and SLA/Outcome based projects

Industrial

• Operations & Maintenance for:

• Steel Plant

• Aluminium Smelter

• Copper Smelter

• Captive Power plant

• Oil & Gas Shutdown services

Key Focus: Participate in States where Power is privatized

Utilities

• Meter Reading & Billing

• Solar Projects

• Technology & Consulting

Watchlist

• Avoid Asset Intensive Projects

• Avoid Manpower Outsourcing only

projects

46

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Quess Corp Confidential © 2020. All Rights Reserved. 47

• Build domain expertise (5G, Ferrous and Non-ferrous metals)

• Push from manpower to solution-driven contracts (including leveraging our asset management platform)

• Strengthen Technical Training for On site resources

• Move to an asset light model by developing partners

• Increase solutions selling to migrate from lower margin manpower projects

Business priorities

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Global Technology Services

Quess Corp Confidential © 2020. All Rights Reserved.

Pinaki KarPresident, Technology Services

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49Quess Corp Confidential © 2020. All Rights Reserved

FY 18 - 19

• Insurance Platform• IT Services

• IT Infrastructure Services

• Customer Lifecycle Management

• IT Services• Canada Public/Pvt Sector

FY 14 - 15

• IT Services and BPM -Insurance Platform

• IT Consulting• Public Sector focus

North America Focussed

India Focussed

FY 19 - 20

• InsureTech Platform• Analytics/Automation & Digital Testing

Services• Cloud/Infra & Cyber Security• IT Consulting

• CLM• HR Outsourcing• Collections• Back Office

Business Process Management

Digital IT Services

Global Technology Solutions

• HR Outsourcing• CLM

• IT Consulting• Canada Pvt Sector

Evolution of Quess Global Technology Solutions (QGTS)

49

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50

QGTS – Digital IT Services: Service Lines & Key Clients

Service Lines

InsureTech PlatformCloud/Infra & Cyber Security

Analytics/Automation & Digital Testing Services

IT Consulting

• SaaS solution for Policy, Underwriting, Billing & Claims

• USD 3 Bn Premium/pa processed through MFX• MFX Corporate Records: Data Management spanning

the P&C value chain across Carriers/MGAs/TPAs

• Private Cloud based Platform Solution• Infra Mgt across Data Centers & End users• SOC based Cyber Security monitoring• Consulting, Migration & System Integration

Services

• Data warehouse & Business Intelligence in P&C• RPA• Domain-led Digital Testing Services for COTS &

Custom Apps

• Leading IT Consulting player in CanadianGovernment market

• Expanding Canadian Private Sector business• High value Digital, Business Analyst and

Program Management skills• IT Consulting business acts as beach-head for

“land and expand” strategy across NorthAmerican clientele

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51

QGTS – BPM: Service Lines & Key Clients

Service Lines

CLM HR Outsourcing

Collections Back Office

• Leading Domestic CLM player ~ 31,000 FTEs• Growing international CLM business in India,

Philippines & US• Enabling customer experience through Digital Ops &

Automation• Digital business ~ 20% of CLM business

• Leading HR Outsourcing Services provider• SaaS based outsourced payroll solution

catering to 35 geographies• SmartPay• SmartHRMS• Compliance Solutions

• Digital Solutions for• Debt Collections• Fraud & Dispute Management• Revenue Cycle Management

• Finance & Accounting• Transaction processing powered by RPA• Compliance Management

51Quess Corp Confidential © 2020. All Rights Reserved.

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52Quess Corp Confidential © 2020. All Rights Reserved 52

GTS in numbers

Note: Numbers as on 9M FY20

• Revenue / Employee ~ USD 85,000 for North America business

driven by:

• SaaS and Platform based service offerings

• Domain led value proposition in P&C Insurance and deep moat in

Canada Public Sector

• Blended EBITDA > 11%

68%

32%

By Category

BPM IT Services

Revenue Mix

61%

39%

By Geography

India N. America

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53

• Strengthened focus on account management and hunting in North America

• Transformation from legacy Platform to Digital IT Services

• Expansion into Private Sector business in Canada

• Integrated IT&BPM Sales force in North America

• Differentiated Practice Development

• Great Place To Work

• Sustained focus on RoE

• Growth trajectory in North America

• EBITDA % expansion

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Our focus: Digital IT Services

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54

• Accelerate transformation from legacy CLM to Digital Ops

• Build Global scale in HRO Platform

• International growth across CLM & Collections business

• Integrated IT&BPM Sales force in North America

• Shift workforce mix for digital skills

• Great Place To Work

• Growth trajectory in North America

• EBITDA margin expansion on the back of aggressive growth in higher margin service lines such as collections, F&A and HRO

• Enhance RoE

Quess Corp Confidential © 2020. All Rights Reserved

Our focus: QGTS BPM Business

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Closing remarks

Quess Corp Confidential © 2020. All Rights Reserved.

Ajit IsaacCMD

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Quess Corp Confidential © 2020. All Rights Reserved. 56

Our Purpose: Building a Leading Institution

Embody Integrity and Governance

Be the Preferred Firm to work with• Be a pleasant firm to work with across Employees, Customers and Vendors

• Ownership, Attitude and Speed of Action towards stakeholders

Provide Predictable Returns to Investors

• All-weather business model with consistent metrics

• Focus on growth, cash flow and return on equity

Be Future Ready• Add value through technological transformation - differentiator and growth

enabler

• Leader in digitally enabled services across businesses

Give back to Society • Addressing areas of health and education

• Impacting lives of 20,000+ kids

Be a platform for Employee growth• Professional Growth and Stature

• Compensation (Salary + ESOP structure)

• Adhere to the highest standards of integrity and governance

• Maintain the trust of investors and employees

Characteristics Action and outcomes

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Quess Corp Confidential © 2020. All Rights Reserved.

Winning Together

In your win lies our win