Financial Data and Key Metrics Changes - Adjusted revenue for Q3 2022 was INR 1,044.9 million (approximately $14 million), representing a 33% increase quarter-over-quarter and a 72% increase year-over-year [11] - Adjusted EBITDA improved by 89% quarter-over-quarter to INR 44 million (approximately $600,000) [13] - The cash balance at the end of the quarter was approximately $21 million, with a significant increase in working capital due to the recovery in corporate business [14][15] Business Line Data and Key Metrics Changes - Air passengers booked increased by 40% year-over-year and 41% sequentially in the December quarter [12] - Hotel room nights were up more than 72% year-over-year and about 18% sequentially [12] - The corporate travel segment is recovering strongly, with volumes reaching about 75% of pre-COVID levels by March 2022 [16] Market Data and Key Metrics Changes - Domestic air travel volumes exceeded 83% of pre-COVID levels, indicating a strong recovery in the travel industry [17] - The mass vaccination program in India has led to over 825 million people (60% of the population) being fully vaccinated, facilitating the reopening of international travel [19] Company Strategy and Development Direction - The company is exploring options for an IPO in India, which is expected to enhance strategic flexibility and shareholder value [9][10] - A strategic partnership with Flipkart and Cleartrip was signed to source domestic hotel content, expected to drive incremental volume and strengthen relationships with hotel partners [18] - The freight business is anticipated to grow significantly, with expected revenues of $4 million to $5 million in fiscal year 2023 [20][21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery in both leisure and business travel, with expectations to meet or exceed pre-COVID levels within the calendar year [19][23] - The company noted that operational efficiencies gained during the pandemic would lead to higher profitability and cash flow [24] - Management highlighted the importance of adapting to a hybrid work environment, which has increased demand for automated travel solutions [41] Other Important Information - The company plans to begin management roadshows in India towards the end of April and aims to complete the IPO by the end of summer 2022 [10] - The competitive intensity in the market has risen moderately, but the company's brand continues to resonate positively with Indian travelers [16] Q&A Session Summary Question: Are you seeing benefits from market share gains in corporate travel? - Management noted early signs of recovery, with corporate travel volumes reaching 75% of pre-COVID levels in March, and expressed optimism for strong recovery in the upcoming months [28] Question: Is the company adequately staffed to meet increased demand? - Management indicated that hiring has occurred primarily in corporate travel, with minimal headcount expansion on the consumer side due to backend automation [29][30] Question: What is the expected cash breakeven level for the company? - Management stated that cash breakeven is expected to occur at quarterly revenues between $18 million to $20 million [46] Question: What are the capital allocation priorities post-IPO? - Management highlighted priorities including growth in freight and corporate travel, increased consumer marketing, and technology investments [42] Question: What EBITDA margins are expected at $100 million in revenue? - Management anticipates EBITDA margins between 15% to 20% at the $100 million revenue level, supported by strong corporate travel uptake and technology adoption [53]

Yatra Online, Inc. (NASDAQ:YTRA) Q2 2022 Results Earnings Conference Call December 21, 2021 8:30 AM ET Company Participants Manish Hemrajani - Vice President of Corporate Development and Investor Relations Dhruv Shringi - Co-Founder, Chief Executive Officer Conference Call Participants Scott Buck - H.C. Wainwright Anja Soderstrom - Sidoti Tim Moore - Zacks Operator Good day and welcome to the Yatra second quarter 2022 financial results conference call. Today's conference is being recorded. At this time, I w ...

Yatra Online, Inc. (NASDAQ:YTRA) Q1 2022 Earnings Conference Call August 19, 2021 8:30 AM ET Company Participants Manish Hemrajani - Investor Relations Dhruv Shringi - Chief Executive Officer and Co-Founder Conference Call Participants Scott Buck - H.C. Wainwright Tim Moore - Zacks Operator Good day and welcome to the Yatra First Quarter 2022 Financial Results Conference Call. TodayÂ's conference is being recorded. At this time, I would like to turn the conference over to Manish Hemrajani. Please go ahead. ...

Financial Performance - Adjusted Revenue for the fiscal year ended March 31, 2021, was INR 8,911,013 thousand, reflecting a significant decrease from INR 9,358,580 thousand in 2019 [608]. - Customer promotional expenses amounted to INR 3,571,451 thousand for the fiscal year ended March 31, 2021, down from INR 4,282,803 thousand in 2019 [608]. - For the fiscal year ended March 31, 2021, the loss for the period as per IFRS was $1,194,878,000, compared to $840,195,000 in 2020 and $1,193,595,000 in 2019 [612]. - Adjusted EBITDA Loss for the fiscal year ended March 31, 2021 was $378,677,000, a significant improvement from $1,228,288,000 in 2019 and $121,560,000 in 2020 [612]. - Adjusted Results from Operations for the fiscal year ended March 31, 2021 was $1,128,157,000, compared to $787,929,000 in 2020 and $1,810,034,000 in 2019 [612]. - The basic loss per share as per IFRS for the fiscal year ended March 31, 2021 was $(20.38), an improvement from $(17.94) in 2020 and $(26.37) in 2019 [613]. - Adjusted Basic Loss Per Share for the fiscal year ended March 31, 2021 was $(21.10), compared to $(21.39) in 2020 and $(47.27) in 2019 [613]. - Employee share-based compensation costs for the fiscal year ended March 31, 2021 amounted to $77,100,000, a decrease from $5,135,000 in 2020 and $282,883,000 in 2019 [612]. - The company reported finance costs of $117,252,000 for the fiscal year ended March 31, 2021, down from $193,287,000 in 2020 and $263,290,000 in 2019 [612]. - Impairment of goodwill for the fiscal year ended March 31, 2021 was $264,909,000, compared to $221,999,000 in 2020 [612]. Risk Management - The company is exposed to credit risk primarily from trade receivables, deposits with banks, and foreign exchange transactions [584]. - The company manages liquidity risk by maintaining adequate reserves and committed credit lines, ensuring cash generated from operations meets working capital needs for at least the next 12 months [587]. - The company has not entered into any hedging agreements to cover foreign exchange rate fluctuations, exposing it to potential risks [589]. - The company believes that maintaining sufficient cash and marketable securities is crucial for prudent liquidity risk management [586]. - The company’s financial risk activities are governed by established policies and procedures to ensure risks are identified, measured, and managed effectively [583]. Corporate Governance - The company has not held an annual general meeting since December 12, 2018, and directors will continue in their positions until the next meeting [670]. - The audit committee consists of independent members who meet the financial literacy requirements set by the SEC and Nasdaq [674]. - The compensation committee is responsible for evaluating and setting the compensation of the chief executive officer and other executive officers [679]. Shareholder Information - As of March 31, 2021, the company had 62,850,133 Ordinary Shares issued and outstanding [689]. - Entities affiliated with MAK Capital One L.L.C. hold 11,434,913 shares, representing 13.86% of outstanding shares [690]. - Entities affiliated with Nathan Leight own 7,627,749 shares, accounting for 9.24% of outstanding shares [690]. - The executive officers and directors collectively own 3,100,232 shares, which is 4.93% of the total [690]. - Dhruv Shringi, the executive director, holds 1,911,003 shares, equivalent to 3.04% of the total [690]. - Macquarie Group Limited owns 6,099,105 shares, representing 7.39% of outstanding shares [690]. - Nantahala Capital Management, LLC holds 5,315,350 shares, which is 6.44% of the total [690]. - Entities affiliated with Nantahala Capital Management, LLC became beneficial owners of 5% or more of the company's Ordinary Shares as of February 16, 2020 [703]. - As of June 30, 2021, the company estimates that the number of U.S. record holders of Ordinary Shares may not accurately represent the number of beneficial owners due to shares held in street name by brokers [704]. - The company holds 5,315,350 Ordinary Shares collectively among various reporting persons as of February 16, 2021 [698]. - Altai Capital Management, L.P. holds 4,876,755 Ordinary Shares for the account of Altai Capital Osprey, LLC and separately managed accounts [695]. - MAK Capital One L.L.C. holds 1,143,913 Ordinary Shares as of February 12, 2021 [696]. - Macquarie Corporate Holdings Pty Limited and MIHI LLC collectively hold 3,407,650 Ordinary Shares and warrants to purchase additional shares [694]. - Apple Orange LLC and its affiliates hold a total of 395,000 Ordinary Shares and warrants to purchase 3,703,290 Ordinary Shares [692]. - The Leight Family 1998 Irrevocable Trust holds 557,500 Ordinary Shares as of the latest filing [692]. Employee Compensation and Benefits - The company issued 119,547 Restricted Stock Units (RSUs) to non-executive directors as compensation during the fiscal year ended March 31, 2021 [630]. - Total compensation paid to non-executive directors during the fiscal year ended March 31, 2021 was $137,479 [630]. - The aggregate compensation for the executive director and senior management for the year ended March 31, 2021, was INR 61 million, excluding equity compensation [631]. - The company issued 2,058,852 RSUs to executive directors and senior management during the year [631]. - The company granted 687,857 RSUs and 1,609,934 PSUs in June 2020, with vesting linked to the performance of the Yatra share price [642]. - The total amount set aside for pension or retirement benefits for employees was INR 44.6 million for the fiscal year 2021 [659]. - The company contributed INR 30.3 million to the Employees' Provident Fund in fiscal year 2021 [661]. - Gratuity payments to employees amounted to INR 14.34 million in fiscal year 2021 [662]. - The company has not granted any cash incentive bonuses as of March 31, 2021 [654]. - The company has employment agreements with senior management that provide for benefits upon termination [631].

Yatra Online, Inc. (NASDAQ:YTRA) Q4 2021 Earnings Conference Call June 8, 2021 8:30 AM ET Company Participants Manish Hemrajani - IR Dhruv Shringi - CEO Conference Call Participants Scott Buck - H.C. Wainwright Matthew Galinko - Sidoti Operator Good day and welcome to the Yatra Fourth Quarter and Full Year 2021 Financial Results Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Manish Hemrajani. Please go ahead. Manish Hemrajani Thank you, Shelb ...

Yatra Online, Inc. (NASDAQ:YTRA) Q3 2021 Results Conference Call February 4, 2021 8:30 AM ET Company Participants Manish Hemrajani - IR Dhruv Shringi - CEO Conference Call Participants Matthew Galinko - Sidoti Scott Buck - H.C. Wainwright Operator Ladies and gentlemen, good day, and welcome to the Yatra Third Quarter 2021 Conference Call. Today's call is being recorded. And at this time, I would like to turn the call over to Manish Hemrajani. Please go ahead, sir. Manish Hemrajani Thank you, Abby. Good morn ...

November 2016 PAGE 0 November 2020 Disclaimer This presentation is for informational purposes only and does not constitute an offer to sell, a solicitation of any offer to buy, or a recommendation to purchase any securities of or any of its affiliates (as such term is defined under the U.S. federal securities laws). The presentation shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities. This presentation shall also not constitute an offer to sell or the soli ...

Yatra Online, Inc. (NASDAQ:YTRA) Q2 2021 Earnings Conference Call November 5, 2020 8:30 AM ET Company Participants Manish Hemrajani - VP of Corporate Development, Investor Relations Dhruv Shringi - CEO and Co-Founder Conference Call Participants Matthew Galinko - Sidoti Scott Buck - H.C. Wainwright Operator Good day, and welcome to the Yatra Second Quarter 2021 Conference Call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Mr. Manish Hemrajani. Please go ahead. ...

PAGE 0 November 2016 September 2020 Disclaimer This presentation is for informational purposes only and does not constitute an offer to sell, a solicitation of any offer to buy, or a recommendation to purchase any securities of or any of its affiliates (as such term is defined under the U.S. federal securities laws). The presentation shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities. This presentation shall also not constitute an offer to sell or the sol ...

Yatra Online, Inc. (NASDAQ:YTRA) Q1 2021 Earnings Conference Call September 9, 2020 8:30 AM ET Corporate Participants Manish Hemrajani - Head, Investor Relations Dhruv Shringi - Co-Founder and Chief Executive Officer Conference Call Participants Operator Good day, and welcome to the Yatra First Quarter 2021 Earnings Conference Call. Today's conference is being recorded. As a reminder, we will not be taking any questions from the press today. At this time, I would like to turn the conference over to Mr. Mani ...