Sify Technologies Limited (SIFY) 18 Apr 222022 Q4 Earnings call transcript

Good day, ladies and gentlemen and welcome to the Sify Technologies Financial Results for Fiscal Year 2021-2022 Conference Call. At this time, all participants have been placed on a listen-only mode and the floor will be open for questions-and-comments after the presentation. It is now my pleasure to turn the floor over to your host, Praveen Krishna. Sir, the floor is yours.

Thank you, Holly. extend of welcome Sify to participants all like behalf on Technologies would a to warm our I Limited. Executive I'm by joined and Chief Raju today M. Officer; Vegesna, our on Chairman; Kamal the call Nath, P. Officer. Financial Chief Kumar, Vijay

our questions. for on an results, will there Following be comments opportunity the

Global not sent Grayling section to copy you obtain XXX-XXX-XXXX you you. please do our of release, will a at Information a Alternatively, on have If and the the of we copy press call at company's by the replay release be one in the Investor release the webcast at have today's of of corporate A press section the Sify corporate www.sifytechnologies.com/investors. dialing website website. in call may Information the or the numbers accessed by accessing on Investor may in provided

financial Financial this year Some IFRS Standard, earnings presentation Sify measures in the non-GAAP during years. previous International may the and of results announcements differ measures and for from referred in A with the and on Reporting most comparable be Sify's to differences the accordance presented between in of release of and non-GAAP available to measures a the calculated accordance call reconciliation such include with GAAP measures. somewhat made or in measures will and GAAP according of are directly financial such financial the presented measures comparable non-GAAP most calculated made GAAP and and the will website. the

developments to differ uncertainties are Securities include company protections differ Act cause XXXX. rather certain Litigation to materially afforded of forward-looking out competitive Those facts releases. company's contained that and conference cause in from factors that by historical release point public reports Before the risks identify certain I'd principal respect in materially inherent to those such to are on that statements, forward-looking the the statements business. Vegesna. to reflect time call to factors Chairman, Private statements like SEC to than you to the Chairman? introduce to and seeks variety lists Mr. list and we could company's uncertainties described listed including risks These subject from statements actual I like Raju results Reform of are but time are continue, factors, of and the risks this would a those from risk and could in to not my forward-looking all described. now to intended the earnings the results intended and complete actual With

to the on the past Good Thank I you, providers India want India, us well, amount invested the you in call. growth joining of convinced Praveen. say, few the IT. about regarding morning, for this everyone. years, Thank hyperscaler cloud significant

services for a and us are multiple portfolio position an overall of multiyear to player services best service aligning our of and of multi integration and the their taking gives architecture now advantage as with the view transformation services. Second, be ecosystem local digital They world. up third in the overall to IT of into India the for the pent long-term turned largest demand government considered of automation have enterprises ground the start-up the has stabilized breed cater and ICT emerging comprehensive the India plan. Sify, the contracts. scenarios for now our a what proving IT And post-pandemic were for a into a -- initiative comprehensive the ability time

the Kamal analysis accomplishments. detailed I year's our ask CEO, last you. over to our Nath, Now present of will Mr. Kamal,

digital existing intelligence enhancement ranging are Thank you, processes, of businesses. actively digitalization launch Raju. Enterprises consumers and experience preferences, of customer across from of all digital of digital digital for pursuing new verticals initiatives, their

their investing it upgrading and are Towards current that making augmenting end, infrastructure, digital in enterprises all ready.

their enabling great infrastructures center network choice services and a their initiatives core provide infrastructure Our meeting services digital ambitions. customers related digital data and to and in cloud-ready digital our

will models be engagement pillars, our asset it Our asset independent led customers. to built growth or strategic story be with three these on continue

FY Sify expand XX%; total the was last year center fell of Revenue data split XXX,XXX a for total services services, XX-megawatt Sify now our across initiative. by on network-centric for at data last me corporate XX% network-centric in year. the X% Through center grew venture XXXX-'XX. the part the by Revenue highlights area for the at grew FY Silicon the X% Let and services 'XX-'XX year. last digital business startups 'XX-'XX in capacity Revenue USD from by country for digital the the a over commissioned year. The from businesses of colocation of FY services in services colocation capital year, for over year 'XX-'XX revenue XX%; over from XX%. has services Valley as data year. invested center between

increase, and on nodes fiber XXXX, XX% our is As X% XX, provides base key March than via on respectively, stations our list detailed year. last release, Sify our a over more XXX A and across of website. recorded wins press in wireless live the country, services now X,XXX

Vijay, Vijay? on Let for the our CFO, highlights to me elaborate in financial bring the year.

Good you, Kamal. everyone. Thank morning,

EBITDA last decrease increase briefly INRX,XXX financial million performance increase of for last last an was over year. INRX,XXX XX% year. over tax was Let XX% the the million, after of year. INRXX,XXX up before financial of of an a over over increase million, Revenue XX% tax was sum XX% Profit million, INRX,XXX last was which year me XXXX-XXXX. Profit year. an was

commitment proceeding was million. individual up the the business, powering income During data assets during ended the million. recognized of expenditure entities energy sustainable renewable is the Fiscal in certainty Sify's time the on for reasonable the Capital INRX,XXX year, investing, center adoption based INRXXX has company to of future data XXXX-XXXX marked starting assessment of our centers group. just stated previous deferred which financial of line. the tax of taxable with along

capital Technologies effectiveness while Limited, subsidiaries they Following marketing and to execute the Sify sales into and separate are a benefits of are the partnerships pursue trifurcation operating the of to the which a wholly now unified build go-to-market entities free to leveraging strategy. businesses for technology of team legal owned

effectiveness, will services term, us build our help it only long as Over the while converged identity player. more operating the ICT true retaining

to particular, the tools continue people We meet demand. selective on to digital customers' and make investments, in transformation

Chairman? center I our and at commitment our while disciplined health. the network to remains his hand year as now expand on Chairman of footprint closing data balance million. end staying Our over the it was fiscal INRX,XXX Cash for remarks. to will

Thank you, Vijay Kumar.

ICT for initiative before, portfolio transformation unique give a the an I services the integration of our ability stated positioning contracts, government enterprise multi-services this multiyear scenario to view and As in the demand. advantaged emerging this us call. cater and our a of Thank for a joining country demand us for digital of you to of on and players, confidence to

hand will to for I Now, questions. operator Operator? over

[Operator Instructions] pose Your your affiliation, question. first question your then for Burns. announce coming from today Please Greg is

from Sidoti Company. Greg Burns It’s Yes. & morning. Good

to that competitors an of multitude customer you've start expanded have example I advantage that of how that started demand. wanted How you terms of the that's or been services? you a an this about one that in just data center the an maybe service, your the you multitude So contrast where have that advantage idea that's how fact for there had services, yourself with to through talk maybe services, India? capturing that of just for in network, And you? with you've Can you a -- the Sify differentiate

Kamal, can address? Kamal? you

Yes. Yes. there so a quite of number Yes, are customers.

customer them that, Bank branches largest complete State of customers almost the and well managed India, of of the banks, globe across network as initially all managed became their well to center they as lakhs largest data the had happens India and One data doing services are centers for fact, largest which now network with network services across we global And one our and with in services security after plus branches be INRXXX bank them. the in as also. the we

So cloud the customers Technologies. this Stock managing one provide are services, where services for bank network multiple is whom some We services. large But as and example, cloud as other for have Sify we done and for Exchange, center well three we such towers, managed network, network. data partnered infrastructure example National has with -- them a

of manufacturing entire partnered four companies. integration who moved model from have cloud center at to whole life data of system insurance and of [indiscernible] And other cloud-based five digital-ready transformation lot least companies apart they have insurance have a We away for lot who with general companies us, us to a from the such have we with as insurance model. partnered and

with us is services. opportunities. mix data Every services, So all started customer an also journey, subscribed opportunity engagements digital their And of but they and every customer the services, who complete on, an outsourcing transformation and with initially digital for the are when later where customer took Sify's to for services start with network operations we cloud services. to cloud center network opportunity have data Sify summarize, center there these digital in for for

for us. I that for overall, I is your the hope the first So of irrespective us, mean, zone, customer, wide our landing opportunities contact with answers the question.

just you your I mean you breadth in could the how landscape, And of competitive the differentiated Sify -- does. That services? of terms discussed is

Yes.

Tata the pretty Airtel CtrlS, our of fact, data spread Jio. competition. space, we Communications with In with STT, the mean, compete direct center landscape compete in network space, in is out. kind competition So and I of these the NTT, and we likes

with whole the [indiscernible] who big farms, compete In growing we boutique likes TCS, market. they like division IBM niche lot Global companies with Wipro, the I likes cloud are compete are IBM. stronger India of new not of digital the a the TCS, the these age and TCS, spin-off mean transformation On space, cloud is which transformation HCL, space, names we MNCs services but are Kyndryl, of of in the very

So hyperscale of with of are on from go up top did very aligned entire core or which as cloud with customers, our multiple network competition proposition the leading on stitch ICT we make multiple to which service technology providers multiple infrastructure at a also to offer for providers but own customers. overall, side. partnership compelling our not segments we providers, cloud kinds the Sify And services data And in our this we for for it that, of multiple offering, well themselves. the they our and the platform cloud from digital to top as center, have ranging

about this year many and your fiscal How the additions? online talked plans in are I do -- you perfect. data what don't capacity terms megawatts have the capacity. of center you think currently coming Okay, for

like you to this? Vijay, might Yes. answer

the So to we in in are we XXX building XXX megawatts stage. more project megawatts have close and operations

over time the what's Like, of time months? I a -- the next that's And that on frame multiple to frame there on when years? it kind or guess, XX XX is [ph]?

Yes, that months. XX months. XX next is

stand at year? balance then end And your debt of position. cash the the Where Okay. you mentioned the did

Yes.

So Greg, done have you our currently of balance for we capital as cash both cash of far equally the partnership aware XXX we available. for as And have projects million [ph] all with have concerned, [ph] is about we financial X-X-X cash further for expansion. million important, which of the fund closure underway. greenfield investment available, alternative an And are are

we all to are well projects. capitalized execute expansion So our

Okay.

I are think you where the of missed might but the -- at debt I it have -- total of that in the you year? terms end or the

alternate of date the million. a which As from into of debt total on at convertible later is INRX,XXX top the investment INRX,XXX fund concerned, far which the another total the recent that, is million. is debt as is equity And about investment

Perfect.

I’ll Okay, that’s queue. have in hop for you. now. Thank back all I the

Thank you.

Burns. is [Operator live. your follow-up a Instructions] Greg coming Greg, You from question have line

update your happening just depths Indian an But the past bullish the we've and on seems could you're It of one like more in comments, moved of us if it sounds what's economy? pandemic. no us a just there's on give level of a pretty one India? just I you kind macro give Can from the update you had like kind else. on

seven is was I also also, So last taking six, for the very bullish. government very And and the the not no, growth. of enterprises only am I steps traveling weeks government it's kind bullish. The

of two way believe the things, and growing energy, potential country us the a are I ICT an that's in the as for see So is a those positive lot energy player. great there we

the update. for Okay, Thanks great. Thanks.

closing [Operator for to questions further queue. Instructions] would over any like are turn the back in I There floor management no comments. to

day. interacting your to for this the and We with Stay time healthy you good Thank through year. stay a forward you on safe, look you. call. have Thank

Thank does and you. today's you, conclude Thank event. ladies gentlemen. This

a You may phone participation. at this your you and disconnect for Thank lines time wonderful have your day.