Genesys AGM 2024
1. Company is building its own map content, spent close to 200 crores for this , money spent on cones building and equipments sensors, cameras, drones , fleets etc.
2. Created all India Navigation map stack, street view of 1500 cities. 2d done for full India, 3d done for many cities. Don’t expect any more investments here for sensors etc, most of heavy lifting is done.
3. Significant growth to come in this sector. Internal target is 30-40% revenue growth for next 3 yrs.
4. Tray to increase margins compared to last 2 quarters.
5. 550 crore order book , most of it is for 12-18 months. Qualified pipeline of 3000 crores. Not l1 just made bids for these. Fairly hopeful of getting these, cant give % win of this 3000 cr.
6. Subscription revenue : content that is built , can be licensed. 20% of revenues will be o this easily.
7. 130 cr intangibles into revenue : Already started conversion to revenues.
8. 2nd half to be better than 1st half.
9. Recurring revenue from enterprises : like apple , google : Constant updates are needed here .
10. Launched auto vertical last Quarter. Very bullish on this vertical. In this year we can see few engagements, fortune to have NNG as partner.
11. 100 crore in Auto market : TAM is small at 500 cr in Automotive maps, Tam needs to expand.
12. Annuity : for map 20% maps in city to be updated so sensors/cameras to pick up these and hence some cost is there in annuity .
13. 3 segments , Mapping, Location intelligence , 3D
14. Location intelligence : For corporates and utilities like BFSI FMCG etc , using spatial data. A platform for these customers, will be launched this year.
15. Data accuracy at 5cm now.
16. For AI/ML : Company has the largest data repository in India for Mapping. Very hard for others to replicate.
17. Employees : 1500 people
Notes i took for self, pls dont treat this as transcript of agm from Genesys management. There would be lot of errors on my notetaking.
Disclosure: Holing and have added more in last 30 days.
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