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Third Quarter Fiscal 20-21 Results

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Digital Transformation, Inspired by Innovation – Annual Report 2020

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Fiscal Year 19-20 Highlights

Annual Revenue

USD81.03Mn

EBITDA

13%Growth YoY

Profit After Tax

USD1.45Mn

Million-Dollar-Plus’ Deals

21

Unexecuted Order Book (as on March 31, 2020)

USD166.55Mn
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In the world of business today, speed matters more than anything else, and Digital Transformation will be possible only when organizations are agile. Transforming operations will bring in operational excellence that will be driven by technology thus paving way for innovation and excellence. This is where Digital Transformation steps in. We, at Ramco, continue to emphasize on the fact that a true Digital Transformation is all about results that should be driving an improvement that is not just incremental but substantial. What was expected to become a need by 2025, has now become urgent and important.

AVERDA'S GROWTH SUPPORTED BY RAMCO'S NEXT-GENERATION WORKFORCE TECHNOLOGIES

Chennai / Dubai - August 6, 2019

Dubai, UAE/ Chennai, INDIA – August 06, 2019 – Averda, the leading international environmental services provider, is to integrate processes for its 15,000+ employees across countries in the Middle East and Africa, to support its strategy for streamlined, sustainable growth and gold-standard employee relations.

The Company has chosen Ramco Systems’ Time & Attendance (T&A) solution to roll out across the Congo, Gabon, Morocco, South Africa, the Kingdom of Saudi Arabia, Oman, Qatar, and the UAE, with its modules for scheduling, absence and leave management, compliance and self-service. Ramco will also automate Averda’s time and attendance processes, enabling Averda to scale its international growth in step with workforce capabilities, safety and security.

Mazen Chebaklo, Averda’s Chief Growth and Operations Officer, commenting on the decision to adopt Ramco Systems’ T&A solution, said: "The development of an integrated Time & Attendance solution by Ramco means we can continue to scale our business steadily and in line with what has been a fast and exponential growth rate over recent years. We now have a single system that enables us to manage all employee requirements, from attendance monitoring to on-time salary payments, which is good for the company and great for employees."

Averda has seen growth across it markets in recent years, with major contracts being awarded in Morocco and Oman, and activity ramping up in target Asian markets. The immediate adoption of Ramco’s cutting-edge T&A solution, called ‘RamcoGEEK!’, will boost Averda’s ability to scale up in these new markets whilst seamlessly tracking and tallying attendance information, providing for real-time productivity analysis at multiple locations. The solution also benefits from security features, including: Age Detection, Liveness Detection, and Breath Analysers to estimate Blood Alcohol Content, which are critical for a business with a large driver workforce.

Virender Aggarwal, CEO of Ramco Systems commented: “Organisations today are rethinking the employee experience. By enabling a truly seamless integration with existing systems and by automating time management processes, we are saving staff hours hitherto wasted on workforce management operations.”

“The technologies will allow Averda to capture employee information, introduce biometric devices, Near Face Communication based phones, and facial recognition to achieve greater transparency and unbeatable access security.”

About AVERDA
For over 35 years, averda has been a global provider of integrated waste management services. Averda’s extensive service portfolio helps address a broad range of environmental needs, including cleaning and collecting, recovering and recycling, and diverting and disposing of all forms of solid and liquid waste for all industries. Averda’s numerous successful partnerships with both private and public sector organizations help preserve pedestrian, residential, commercial and industrial areas, has seen Averda become the largest service provider of its kind. With more than 14,000 employees serving millions of people every day, Averda has an extensive network covering Saudi Arabia, the United Arab Emirates, Oman, Qatar, Morocco, Republic of Congo, Gabon, South Africa, the United Kingdom and the Republic of Ireland.

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