Infibeam FY18 Revenue Jumps 90% YoY To Rs 8,393 Million And Highest Ever

102% increase in Profit After Tax to Rs. 881 Million from

High Transactions Volume on Infibeam Web Service Platform

BoD has approved final dividend of 10% (full year 20%)

Infibeam Incorporation Limited to be renamed Infibeam Avenues Limited

Key Highlights for Fiscal Year Ended March 31, 2018

1.      Financials FY18:

•   Total Revenue: Q4FY18 INR 2,395 Mn, up 98% YoY; FY18 INR 8,393 Mn, up 90% YoY

•   Service Revenue: Q4FY18 INR 1,655 Mn, up 207% YoY; FY18 INR 5,414 Mn, up 239% YoY

•   Product Revenue: Q4FY18 INR 740 Mn, up 11% YoY; FY18 INR 2,980 Mn, up 6% YoY

•   EBITDA: Q4FY18 INR 452 Mn, up 91% YoY and FY18 INR 1,874 Mn, up 126% YoY

•   EBITDA Margin: Q4 FY18 19% vs. 20% in Q4 FY17 and FY18 22% vs. 19% in FY17

•   PAT: Q4 FY18 INR 208 Mn, up 53% YoY and FY18 INR 881 Mn, up 102% YoY

2.     Operational Highlights:

•   Value of Transactions processed: Q4 FY18 INR 70,560 Mn (INR 7056 crores), up 80% YoY and FY18 INR 215,503 Mn (INR 21,550 crores), up 77% YoY

•   Successful transactions processed: Q4 FY18 21.74 Mn and FY18 102.52 Mn

•   Number of Merchants on Platform:94,109; up 32% YoY

•   Number of Merchants on Infibeam Web Services*: >400,000

*  Registered & Active in TTM (Trailing twelve months)

3.     Key Business Contracts in FY18

•         GeM: Infibeam selected as the e-commerce platform provider along with consortium partners for Design, Development, Implementation, and Operation & Maintenance

of ‘Government e-Marketplace’ (GeM) portal, www.gem.gov.in. GeM 3.0, the latest

feature-rich portal developed by the consortium, is live since 26^th January 2018. GeM’s current GMV is ~INR 80 Billion. Central Government’s current offline procurement is c.INR 6-7 Trillion (c.$100 Billion).

•         BBPS: To address the large utility bill payments market and to mark an entry into the Utility space, Infibeam launched BillAvenue platform for people across India to be able to pay multiple bills from a single window. The addressable market size is over $125 Mn as per RBI estimates. We have signed up many biller merchants including Gurugram municipal corporation, GAIL (gas authority of India), Baroda Gas, Dish TV etc. and over 250,000 agents across 1200 cities and towns across India.

•         Adani Wilmar: One of India’s leading consumer food brand, Fortune, owned by Adani

Group, selected Infibeam to maintain for them an online omni-channel e-commerce platform, “Fortune Online”, with integrated logistics. Infibeam is managing a similar platform for Amul, India’s largest dairy, since mid-FY17.

•         Strategic Investment by Network18 Group: Infibeam plans to integrate multiple platforms of Network18 Group, one of the India’s leading media and entertainment conglomerate, to build large customer base with its differentiated offerings.

•         Infibeam Web Services’ payments platform CCAvenue added many new marquee clients including Taj, Oberoi, Airtel, Reliance Jio, Idea, Indigo, Vistara, Emirates, Bajaj Finserv, Ashok Leyland, Honda Assure, Maruti Insurance, Vivo and more.

4.     Strategic Growth Initiatives

•         Acquiring leading eSolutions company Unicommerce from Snapdeal to offer end-to-end order and inventory management to our customers. Unicommerce has 10,000+ merchants selling 100 million packages annually using the platform.

•         Acquiring Dubai based Online Payment Processing Company Vavian International Ltd. to tap the growing Middle East digital payments and e-commerce market. Company, on consolidated basis, processes approximately 1 million transactions

annually amounting to  AED 1 billion on current run rate basis.

•         Infibeam made investments as Anchor Investor in RemitGuru, one of the leading online remittance platform providers in domestic and international market. RemitGuru can handle real time inward and outward international remittances and have also built remittance platforms exclusively for some of the top private banks in India and some of the top financial institutions outside India.

5.     Share Split & Dividend

•         Infibeam sub-divided its Equity Shares from existing Face Value (“FV”) of Rs. 10/- per share to FV Re. 1/- per Share on 31^st August 2017.

•         Infibeam paid maiden interim dividend to its shareholders on 26^th Feb 2018. The

Company’s Board has declared a final dividend of 10% on face value of share for the financial year ended March 31, 2018. Together with the interim dividend, total dividend for the year comes to 20%.

6.     Key Appointments on the Board

•         Infibeam has appointed Mr. Vishwas Patel (Founder of Avenues India Pvt Ltd. and Co-Chairman Payments Council of India) and Dr. Piyush Kumar Sinha (Ex-Professor, IIM-A, marketing and retailing) as Directors on the Board of the Company.

7.     Awards & Recognition

•         Infibeam conferred with Consumer Durable & E-Retail of the Year Award at E-Retail Award 2018 by Franchise India.

•         Infibeam’s payment framework, CC Avenue conferred with "Best Innovation in E-Commerce Payment" at Indian E-Retail Award-2018 by Franchise India.

•         Best Innovation in “Payments and Transfers” by Entrepreneur India.

8.    Other Announcements

•         NCLT has approved the scheme of amalgamation of Avenues Pvt Ltd with Infibeam Incorporation Limited.

Gandhinagar 30th May, 2018