SECUREKLOUD TECHNOLOGIES LIMITED - Annual Report 2021

Ref: SK/CHN/2021-22/E010

June 30, 2021

National Stock Exchange of India Ltd. Capital, BSE Ltd, Market – Listing, Exchange Plaza, 5th Floor, Plot 25th Floor, Phiroze Jeejeebhoy Towers, No. C/1, G Block, Bandra‐Kurla Complex, Bandra Dalal Street, Fort, (E), Mumbai 400 051. Mumbai 400 001. EQ- SECURKLOUD– ISIN NO- INE650K01021 Scrip Code: 512161 - ISIN NO-INE650K01021

Dear Sir/Madam,

Sub: Intimation of the outcome of the Board Meeting under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations").

In terms of Regulation 30 read with Schedule III of the Listing Regulations, we hereby inform you that at the meeting of the Board of Directors ("Board") of SecureKloud Technologies Limited (Formerly 8K Miles Software Services Limited) ("Company") held today, i.e., Wednesday, June 30, 2021, the Board has approved, inter alia, the following:

1. Audited financial results:

Audited financial results (Standalone and Consolidated) for the quarter and year ended March 31, 2021. In this regard, we enclose copies of the following as prescribed under Regulation 33 of the Listing Regulations:

The detailed format of the audited financial results (standalone and consolidated) being submitted as per the listing regulations. The said results will be uploaded on the websites of the Company. The financial results will also be published as per the format prescribed in the listing regulations.
Auditors Report from the statutory auditors, M/s. K. Gopal Rao & Co., Chartered Accountants, for the financial results (standalone and consolidated) for the quarter and year ended March 31, 2021.
Declaration under Regulation 33(3)(d) of the Listing Regulations in respect of unmodified opinion on Audited Financial Statements for the Financial Year ended March 31, 2021.
Press release about the above financial results being released for publication.
Earnings call presentation.

2. Convening of Annual general meeting (AGM):

Convening of 36[th] AGM of the Company on Thursday, the September 30, 2021. The Register of Members will be closed from Sunday, September 26, 2021 to Thursday, September 30, 2021 (both days inclusive) for the purpose of Annual General.

3. Dissolution of CSR Committee:

Pursuant to Companies (CSR Policy) Amendment Rules, 2021 W.e.f 22/01/2021, CSR Committee not required, if amount to be spent by a company does not exceed fifty lakh rupees. Further to that, Board considered and dissolved the Committee since the amount required to be spent is less than the specified limit.

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The Board meeting commenced at 9.15 A.M and concluded at 10.45 A.M

We request you to kindly take the above information on record.

Yours Truly, For SecureKloud Technologies Limited

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G Sri Vignesh Company Secretary and Compliance Officer Membership No: A57475

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FY21 Q4 Earnings Presentation

June 30, 2021

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Safe Harbor Notice

This presentation has been prepared by SecureKloud Technologies Ltd. solely to provide information about the Company.

No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. None of the Company nor any of its respective affiliates, advisers or representatives, shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.

The information contained in this presentation is only current as of its date. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. Certain statements made in this presentation may not be based on historical information or facts and may be "forward-looking statements", including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects, and future developments in its industry and its competitive and regulatory environment. Actual results may differ materially from these forwardlooking statements due to a number of factors, including future changes or developments in the Company’s business, its competitive environment, information technology and political, economic, legal and social conditions in India. Please note that this presentation is based on the publicly available information on SecureKloud Technologies Ltd. including but not limited to Company’s website and Annual Reports.

This communication is for general information purposes only, without regard to specific objectives, financial situations and needs of any person. Please note that investments in securities are subject to risks including loss of principal amount. This presentation does not constitute an offer or invitation to purchase or subscribe for any shares in the Company and neither any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.

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Business Update

“We have been successful in penetrating healthcare providers market during the fiscal year 2021 by winning many new customers who are adopting our cloud managed services, healthcare AI and cloud backup/DR solutions in addition to EHR implementation and interoperability service offerings. We have also deepened our relationships with our existing Life Sciences customers and business partners – AWS and Cloud a including Google significant achievement given the business sentiment is not very across the world due to Covid-19. All our upbeat existing yearly contracts have been renewed clearly demonstrating our leadership position in the marketplace.

Our increased investment in Sales and Marketing, Research and in SaaS have us Development platforms positioned for accelerated revenue and we are uniquely growth confident that we can expect double digit growth in FY 22.”

Suresh Venkatachari, Chairman & CEO

Company Overview

SecureKloud, a market leader in Enterprise Cloud Transformation for highly regulated industries that have stringent Cloud Security & Compliance requirements.

Location

Industry Verticals

HQ: Chennai, India
US HQ: Pleasanton, CA
Sales Office: Chicago, IL; East Brunswick, NJ; Pleasanton, CA
DevOps Centers: Pleasanton, CA and Chennai, India
Healthcare & Life Sciences
• Automotive
• BFSI
Media & Entertainment
• Manufacturing & Supply chain

Partnerships

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Offerings

AWS Premier Partner – 6 years in a row
• 4[th] consecutive year - Audited AWS managed services provider
Google Cloud Services partner with top 8 healthcare interoperability provider status
Extensive knowledge and expertise in Microsoft Azure

Platforms: CloudEz, DataEz, Readabl.AI, CloudAuth, Blockedge

Cloud and DevOps Automation Nextgen Managed Services Data Science, Analytics and AI/ML Services Cloud Security and Compliance

Our Cloud Expertise

Multi cloud automation expertise – AWS, Azure & GCP
First to market SaaS based CloudEz, DataEz and Readabl.AI platforms for industry verticals
Enterprise-wide business transformation services
Industry recognized innovative Cloud and AI solutions

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Cloud Competency
Security
Centre
Migration
Competencies
across multiple
domains
Security,
Compliance
Managed Operations
Services Compliance
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Security & Regulatory Compliance

Regulatory Compliance Experts ✓ HIPAA, GxP, FIPS, PCI-DSS, etc.
Battle Tested at Highly Regulated Industries
Chaired & contributed to SAML 2.0 Specification
HITRUST Certification – self assessed, pending 3[rd] party certification
ISO 27001:2013 recertification achieved

FY21 Q4 Earnings Business Highlights

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Growth in Healthcare and Life Sciences

Added a new customer for Readabl.ai, our flagship Healthcare AI product
Added three new customers for providing MEDITECH Technical services
Closed multiple customer contracts to provide MEDITECH/EPIC related technical services and post live Managed Services
Partnership signed to provide private cloud hosting production and cloud DR solution to our Meditech customers
Renewed yearly Cloud and DevOps support for several Life Sciences customers
Renewed our contract with a Global Fortune 500 Life Sciences customer for delivering Cloud and Data Analytics services through CloudEz and DataEz platforms

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Growth in Other Industries

Signed a multi-year contract with a leading Identity and Access Management vendor to build and manage identity provisioning capabilities for large enterprise applications and cloud providers
Signed a new cloud transformation project with one of our large existing customers
Signed a new project for one of our existing customers for developing their Data Platform on AWS
Signed GNOE acceleration project with one of our existing customers
Renewed all our enterprise customers in Automotive, AI and Industry technology areas
Secured multiyear Managed Services contract signed with our key customers

Recognitions

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Google Cloud highlighted HTI as a key partner for Healthcare Interoperability

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New Launches

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Launched Readabl.ai – a SaaS-based, AIpowered Healthcare Document Workflow

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Launched CloudEz – a Hybrid Cloud Management Platform as a SaaS Service on Marketplaces

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FY21 Q4 Earnings Financial Highlights

Revenue growth of 21.5 % in Q4FY21 compared to Q4FY20

Consolidated Financial Highlights (₹ in lakhs)

• Q4FY21 EBITDA Rs 317 Lakhs compared to Rs (2,009) Lakhs in Q4FY20

EBITDA margin at 3.8% in Q4FY21 compared to (29.4%) in Q4FY20
FY 20 numbers for Q4 and full year have been normalized for one time impact

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Key Indicators Q4 FY21 Q4 FY20 YoY FY 21 FY 20 YoY
Revenue
Revenue from Operation 8,293 6,823 21.5% 35,055 38,208 -8.3%
Expenses
Employee Benefit Expenses 4,782 4,238 -11.4% 19,158 25,499 33.1%
Other Operating Expenses 3,194 4,595 43.8% 12,600 15,292 21.4%
Total Expenditure 7,976 8,832 10.7% 31,757 40,791 28.4%
EBITDA 317 (2,009) 115.8% 3,297 (2,582) 227.7%
EBITDA margin 3.8% -29.4% 9.4% -6.8%
Other Income (18) 271 -106.7% (94) 435 -121.6%
Depreciation and Amortisation 177 489 63.8% 1,850 1,957 5.8%
Finance Cost 290 390 25.5% 1,200 1,303 8.5%
PBT (169) (2,618) 106.4% 153 (5,407) 97.2%
Tax (17) (211) 91.7% 35 279
PAT (151) (2,406) 106.3% 118 (5,687) 97.9%
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Q4 Snapshot (₹ in lakhs)

Revenue 8,293 Gross Profits 2,628 (31.7%) EBITDA 317 (3.8%)

Recurring Revenue 35.2%

FY 21: Revenue and EBITDA (₹ in lakhs)

Revenue Q4 FY21

EBITDA Q4 FY21

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8,293
6,823
Q4 FY20 Q4 FY21
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317
Q4 FY20 Q4 FY21
(2,009)
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Revenue FY21

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38,208
35,055
FY 20 FY 21
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EBITDA FY21
3,297
FY 20 FY 21
(2,582)
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Quarter Financials (₹ in lakhs)

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Revenue Recurring revenue
35.2%
34.7%
34.0%
8,807 8,904 9,051
8,293
32.5%
Q1 FY 21 Q2 FY 21 Q3 FY 21 Q4 FY 21 Q1 FY 21 Q2 FY 21 Q3 FY 21 Q4 FY 21
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R & D Expenses and % to revenue

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8.4% 8.4% 8.5%
6.5%
742 760
702
579
Q1 FY 21 Q2 FY 21 Q3 FY 21 Q4 FY 21
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Revenue Metrics

Overall recurring revenue has gone up to 35.2% in Q4 FY 21 from 34.7% in Q3 FY 21

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Life Science Healthcare ICT
58.0%
55.7%
49.8%
47.1%
31.6% 31.1%
27.8%
25.7%
21.8%
18.7%
16.5% 16.3%
Q1 FY 21 Q2 FY 21 Q3 FY 21 Q4 FY 21
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Recurring Non-Recurring
67.5%
66.0% 65.3% 64.8%
34.0% 34.7% 35.2%
32.5%
Q1 FY 21 Q2 FY 21 Q3 FY 21 Q4 FY 21
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Segmental Revenue

Recurring / Non-Recurring Revenue

Top 10 customers

Revenue contribution from top 10 customers came down from 74% in Q3 FY 21 to 70.4% in Q4 FY 21.

Client Composition and Relationship

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74.9%
74.0%
73.2%
70.3%
Q1 FY 21 Q2 FY 21 Q3 FY 21 Q4 FY 21
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Head count metrics

Added 32 resources in Q4
Invested in 18 additional S&M resources during the financial year
12 of them were added in Q4 FY21 in the US and India to accelerate new customer acquisitions
Ramped up support staff in India
Head count includes full time and contractors

Head Count Q1 FY 21 Q2 FY 21 Q3 FY 21 Q4 FY 21 (Incl. Contractors) Software Professional 417 425 432 447 S&M 33 39 39 51 G&A 53 50 49 54 Total 503 514 520 552

Women employees represent 23% of total headcounts

Statement of Audited Consolidated Financial Results (₹ in lakhs)


Particulars	Quarter Ended			Year Ended
	31 Mar 2021	31 Dec 2020	31 Mar 2020	31 Mar 2021	31 Mar 2020
	Audited	Un-audited	Audited	Audited	Audited
Income a) Revenue from operations b) Other income Total income Expenses a) Employee benefits expense b) Finance costs c) Depreciation and amortization expense d) Other expenses Total expenses Profit before exceptional items and tax Exceptional items Profit before tax Tax expense - Current tax - Deferred tax Net profit after tax for the period Total comprehensive income for the period Total comprehensive income attributable to: Owners of the company Non-controlling Interest Paid-up equity share capital (Face value of Rs. 5/- each]	8,293 (18)	9,051 (37)	6,823 271	35,055 (94)	38,208 435
	8,275 4,782 290 177 3,194	9,014 4,597 287 588 3,080	7,094 3,753 390 (2,140) 5,350	34,961 19,158 1,200 1,850 12,600	38,643 25,015 1,303 2,157 16,047
	8,444 (169) 0 (169) (42) 24	8,552 462 0 462 (45) (8)	7,353 (259) 13,761 (14,020) (312) 100	34,807 153 0 153 27 8	44,522 (5,878) 61,294 (67,172) 0 279
	(151) (154) (116) (38) 1,525.88	516 516 238 277 1,525.88	(13,809) (13,803) (12,883) (920) 1,525.88	118 112 154 (41) 1,525.88	(67,451) (69,996) (52,723) (17,273) 1,525.88
Number of equity shares	30,517,605	30,517,605	30,517,605	30,517,605	30,517,605
Weighted average number of equity shares Reserves (Other Equity) - excluding any revaluation reserve Earnings per equity share (EPS) [Face value of Rs. 5/- each] (a) Basic (Rs.) (b) Diluted (Rs.)	30,702,537	30,517,605	30,517,605	30,702,537	30,517,605
	(0.37) (0.37)	0.78 0.78	(42.23) (42.23)	2,571.42 0.52 0.52	1,243.32 (164.42) (164.42)

Audited Consolidated Balance Sheet (₹ in lakhs)

Particulars
As at
31 Mar 2021
As at
31 Mar 2020
Shareholder's Funds
4,097
2,769
Borrowings
13,998
11,758
Trade Payables
3,697
5,338
Other Liabilities
4,976
4,061
Total Liabilities
26,767
23,925
Fixed Assets
224
470
Goodwill
12,827
13,830
Intangible Assets
2,894

3,500
Trade Receivables
5,515
5,057
Cash, Bank & Investments
3,448
793
Other Assets
1,858
275
Total Assets
26,767
23,925

Audited Consolidated Cash Flow Statement (₹ in lakhs)

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Particulars 31 Mar 2021 31 Mar 2020
I. Cash flow from operating activities
(Loss) / Profit for the year 118 (67,451)
Adjustments for:
Income tax expense recognised in the statement of profit and loss 35 279
Finance cost recognised in statement of profit and loss 1,200 1,303
Exceptional Item - Impairment of Assets 0 52,573
Depreciation and amortisation Expense 1,850 2,157
Net loss/ (gain) on Sale of Property, Plant and Equipment (Net) 0 103
Bad Receivables Written off 0 1,674
Net Unrealised Exchange Gain (118) (225)
Operating (loss) / profit before working capital and other changes 3,086 (9,588)
Adjustments for (increase)/decrease in operating assets:
Trade Receivables (459) 12,068
Other Non Current Financial Assets 1 (29)
Other Non Current Assets (51) (20)
Other Current Financial Assets (924) 1,707
Other Current Assets (270) 5,265
Adjustments for increase/(decrease) in operating liabilities:
Trade Payables (1,641) (2,984)
Other Non Current Liabilities (4) 0
Provisions (Non-current) 34 5
Provisions (Current) (17) 1
Other Current Financial Liabilities 558 (844)
Other Current Liabilities 370 1,483
Cash generated from operations 682 7,063
Net Income Tax paid (including interest paid there on) (338) (186)
Net cash flow from operating activities (A) 344 6,878
II. Cash flow from investing activities
Capital Expenditure on Property, Plant and Equipment (29) (29)
Proceeds from Sale of Property, Plant and Equipment 7 0
Net cash flow used in investing activities (B) (22) (29)
III. Cash flow from financing activities
Proceeds from issue of Equity Shares
1,125 0
(including premium / Share application money)
Borrowings taken during the year 3,421 1,473
Borrowings repaid during the year (1,180) (492)
Finance Costs (1,200) (1,303)
Net cash flow from financing activities (C) 2,165 (321)
Effect of foreign currency translation adjustment (D) 168 (6,550)
Net (Decrease) in Cash and Cash Equivalents
2,655 (22)
(A) + (B) + (C) + (D)
Cash and cash equivalents at the beginning of the year 793 815
Cash and cash equivalents at the end of the year 3,448 793
Proprietary and Confidential. © 2021 SecureKloud Technologies Ltd. 21
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Net DEBT Status (₹ in lakhs)

The Net Debt position of the Company has come down from Rs 10,964 Lakhs in Mar 20 to Rs 10,549 lakhs in Mar 21
Convertible Note of Rs 3,109 Lakhs will convert to equity on listing of Healthcare Triangle Inc, US

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T e As on Mar 20 As on Se 20 As on Mar 21
yp p
Loan from Banks 5,489 5,370 5,599
Promoters 6,269 6,500 5,289
- -
Convertible - Note 3,109
Gross Debt 11,758 11,870 13,997
Cash in Hand 793 672 3,448
Net Debt 10,964 11,198 10,549
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OUTLOOK FOR FY22

Witnessing growth in Life Sciences and Healthcare business recovery post second wave of the pandemic

•Focusing on growing the recurring revenues

Continued investment in Sales & Marketing, R&D and SaaS platforms have positioned us uniquely for accelerated revenue growth

•Expecting with confidence, a double-digit growth in FY 22
•Expecting accelerated growth in revenue in FY 22

Thank You

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AI assistant

SECUREKLOUD TECHNOLOGIES LIMITED — Annual Report 2021

61911_rns_2021-06-30_2fb4e8ee-3665-4903-985a-6ceb65c38399.pdf

Ref: SK/CHN/2021-22/E010

June 30, 2021

Sub: Intimation of the outcome of the Board Meeting under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations").

1. Audited financial results:

2. Convening of Annual general meeting (AGM):

3. Dissolution of CSR Committee:

FY21 Q4 Earnings Presentation

Safe Harbor Notice

Business Update

Company Overview

Location

Industry Verticals

Partnerships

Offerings

Our Cloud Expertise

Security & Regulatory Compliance

Growth in Healthcare and Life Sciences

Growth in Other Industries

Recognitions

New Launches

Consolidated Financial Highlights (₹ in lakhs)

Q4 Snapshot (₹ in lakhs)

FY 21: Revenue and EBITDA (₹ in lakhs)

Revenue Q4 FY21

EBITDA Q4 FY21

Revenue FY21

Quarter Financials (₹ in lakhs)

R & D Expenses and % to revenue

Revenue Metrics

Overall recurring revenue has gone up to 35.2% in Q4 FY 21 from 34.7% in Q3 FY 21

Segmental Revenue

Recurring / Non-Recurring Revenue

Client Composition and Relationship

Head count metrics

Statement of Audited Consolidated Financial Results (₹ in lakhs)

Net DEBT Status (₹ in lakhs)

OUTLOOK FOR FY22

Thank You

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