Powering Scalable and Sustainable Growth
I extend my heartfelt appreciation to you all for the unwaveringsupport and trust in Affle. FY2020-21 was severely marked by the COVID-19 pandemic and ourheart goes out to all the people who were affected. I am extremely proud of all Afflersthat helped the company grow from strength to strength in such macro-economic conditions.Affle concluded another landmark year with our continued focus on sustainable valuecreation closing the period with highest revenue conversions profitability and cashflow from operations achieved till date.
Affle's purpose to 'Enable a Sustainable Connected Ecosystem' isdefined by four strategic principles - To make the connected landscape: AccessibleAffordable Ethical and Inclusive. Our purpose has become even more relevant with amassive consumer adoption of connected devices across the emerging markets globally. Therehas been a generational change in the way people now connect online a volume burst inusage of connected screens and an enhanced adoption curve of consumers becoming onlineshoppers. This has progressively driven the advertiser budget shifts towards ROI and datafocused mobile marketing. Global brands and app marketers are increasingly engaging withus for powering their mobile-first digital journey and delivering them high valuebusiness outcomes.
Value Creation through Continued Innovation
Our tech-enabled platform-focused innovations as part of Affle2.0strategy played out well in FY2020-21. We successfully integrated our platforms teams andIP Portfolio to unlock innovative vernacular consumer experiences and deeperverticalization across our E F G and H industry verticals. We also augmented our mobileOEMs operators and publisher partnerships to power an open internet connected ecosystemacross the global emerging markets. This has further strengthened our consumer platformand enabled greater ROI impact for our customers.
Robust Strategic Progress
Our investments across products and platforms contributed meaningfullyto the overall growth which enabled us to consistently stay ahead of the curve byfortifying our market position. The strategic thinking and investment efforts put intoenhancing our end-to-end ad tech value proposition is helping us drive sustainable andInclusive growth results for all our stakeholders.
We have actively fostered a culture of innovation and consistentlystayed ahead of the curve. We will continue to build on these strengths and further investto significantly enhance our strategic defensibility and market reach to power ourambition of scaling to lOBn connected devices as part of Affle2.0 growth strategy for thedecade ahead.
Further we consciously made efforts towards enhancing our teamcapabilities in India and notably investing in it. We also built local onground presencein some of the international geographies like South East Asia Middle East Africa and CISmarkets to augment the next level of growth in the long-run.
Innovation leadership and growth mindset defined our consistentall-round performance in FY2020-21. We continued on our growth momentum to perform wellacross all the business and financial metrics and registered a growth of 54.8% in ourRevenue from Operations. Our Profit After Tax increased by 105.8% and Normalized PATincreased by 57.4%. This growth was broad based coming from both existing and newcustomers contributed by consistent growth in advertiser spends across our top industryverticals in India and International Markets. Our strong cash flows and balance sheet willensure that the company continues to invest to drive long-term sustainable growth throughtechnology innovation market expansion and consolidation.
Successful Tech Acquisitions
Affle has an outstanding track record of unlocking an all-roundprofitable growth for the acquired companies by successfully turning them around over aperiod of time. We strive to retain the management teams of the acquired companiesempower and align them to our longterm business goals. We derive significant synergieswith these platforms and see them further strengthening our comparative moat.
We have initiatied proactive adoption of ESG principles. We shallcontinue to examine our broader role towards holistic upliftment of society at large whileensuring we remain one of the most trusted partner of choice to power the connected ecosystemfor advertisers globally. We remain focused upon maintaining best-in-class corporategovernance practices with highest levels of business integrity and transparency at play.
Affle is 'Built to Last'. We are a differentiated business growingprofitably and our outlook for FY2021-22 is optimistic. We are strongly positioned toleverage the new market dynamics and expand across the high-growth markets globally.
I am excited about the opportunities that lie ahead for us and willconclude by extending my sincere thanks to our employees customers partners investorsand all other stakeholders whose continuous support help us Think Big - Think Ahead.
|Anuj Khanna Sohum |
|Chairman Managing Director & Chief Executive Officer |