Mastek Limited · NSE:MASTEK
Mastek — Q3 FY2024 Earnings Presentation
27 slides from Mastek's earnings presentation, Jan 18, 2024
Slide 1: Investor Presentation Q3FY24
INVESTOR PRESENTATION Q3FY24 18 January 2024 Presented by: Hiral Chandrana | Chief Executive Officer, Mastek Arun Agarwal | Chief Financial Officer, Mastek
Slide 2: Table of Contents
Table of Contents 01 02 03 04 05 Highlights Financial & Key Wins for Acquisition Strategic of the Operational the Quarter Update Priorities Quarter Performance Investor Presentation | Earning Deck Company Confidential © Mastek 2023. All rights reserved | 2
Slide 3: Highlights of the Quarter
Mastek*@ Trust. Value. Velocity HIGHLIGHTS OF THE QUARTER
Slide 4: Highlights of Q3FY24
HIGHLIGHTS OF Q3FY24 Revenue Growth Op. EBITDA Growth 12month Order backlog Year-on-Year 19.1% Year-on-Year 17.4% Year-on-Year Growth 21.2% Q3FY24 revenue at Q3FY24 Op. EBITDA 12 Months Order backlog at ₹ 784.3 Crore ₹ 133.5 Crore ₹ 2,067.6 Crore Revenue grew by Op. EBITDA grew by 12 months order ba
Slide 5: Key Achievements & Recognitions
KEY ACHIEVEMENTS & RECOGNITIONS Named in Mastek mentioned Mastek won ‘Healthcare Digital Mastek recognized as "Suppliers on the the Nasscom Digital Services 2023’ and as one of the Top 3 rise, growing Skills Awards 2023 'Oracle Cloud and Finalists for AWS strongly and in the category of Technology R
Slide 6: GenAI
GENAI Preparing to capture the wave with industry-first solutions plan.ai create.ai orchestrate.ai transform.ai deliver.ai • GenAI maturity • Foundational data prep • Salesforce, Oracle, • General purpose LLM • App development pilot assessment through data integration Microsoft GenAI features pilot
Slide 7: Financial & Operational Performance
FINANCIAL & OPERATIONAL PERFORMANCE
Slide 8: Financial Performance
FINANCIAL PERFORMANCE 900 23.5% 25.0% 21.9% 21.8% 800 21.1% 21.1% 21.1% 20.8% 19.2% 20.0% 700 17.6% 17.3% 17.7% 17.5% 17.3% 17.2% 17.0% 600 16.1% 13.3% 13.8% 15.0% 15.7% 15.6% 500 11.8% 15.4% 15.1% 15.0% 14.7% 14.3% 14.2% 13.6% 400 11.0% 11.6% 10.0% 10.3% 10.1% 10.2% 10.1% 9.9% 300 9.6% 9.7% 8.5% 20
Slide 9: Consolidated Financial Highlights Q3FY24
CONSOLIDATED FINANCIAL HIGHLIGHTS Q3FY24 Comparison: Quarter-on-quarter & Year-on-year (Figures In ₹ Crore) Operating Operating EBITDA PAT & 12 Months Revenue & Margin (%) Margin (%) Order Backlog 17.3% 17.0% 9.9% 16.1% 10.1% 8.5% 1,705.8 1,861.8 2,067.6 765.5 784.3 658.7 113.7 123.0 133.5 67.1 65.3
Slide 10: Consolidated Financial Summary – Q3FY24
CONSOLIDATED FINANCIAL SUMMARY – Q3FY24 QoQ YoY Key Performance Metrics Q3FY24 Q2FY24 Q3FY23 Growth Growth Revenue from Operations ($mn) $94.0 $92.6 $80.1 2.7% (CC) 13.4% (CC) Revenue from Operations (₹ Crore) 784.3 765.5 658.7 2.4% 19.1% Revenue Other Income (₹ Crore) 3.4 4.8 6.0 (30.2)% (44.1)% To
Slide 11: Consolidated Financial Summary – 9MFY24
CONSOLIDATED FINANCIAL SUMMARY – 9MFY24 YoY Key Performance Metrics 9MFY24 9MFY23 Growth Revenue from Operations ($mn) $274.7 $231.8 15.5% (CC) Revenue from Operations (₹ Crore) 2,275.1 1,854.2 22.7% Revenue Other Income (₹ Crore) 10.6 38.7 (72.7)% Total Income (₹ Crore) 2,285.6 1,892.9 20.7% Op. EB
Slide 12: Balance Sheet Metrics 9MFY24 – Consolidated
BALANCE SHEET METRICS 9MFY24 – CONSOLIDATED Figures In ₹ Crore Cash & Cash Equivalent Return on Equity# Return on Capital Employed# 29.5% 20.7% 15.1% 794.0 270.0 403.7 33.6% 24.0% 18.1% FY22 FY23 9MFY24 FY22 FY23 9MFY24 FY22 FY23 9MFY24 # Return on Equity = PAT/Average Networth; Return on Capital Em
Slide 13: Operating Metrics Q3FY24
OPERATING METRICS Q3FY24 Strengthening our business Q3FY24 Q2FY24 Q3FY23 New Clients Added 27 29 31 Active Client during the Quarter 436 441 444 Client Base Top 5 30.4% 31.5% 28.1% Top 10 40.2% 41.3% 39.2% No. of Clients with Annual Billing > USD 1mn 73 67 59 Total Employee 5,518 5,598 5,687 • Offsh
Slide 14: Revenue Analysis Q3FY24 – Consolidated
REVENUE ANALYSIS Q3FY24 – CONSOLIDATED Balancing Our Portfolio Revenue by Market Region* Revenue by Contract Type 4.1% 4.1% 4.3% 9.2% 10.9% 10.8% 46.5% 41.0% 40.8% 27.8% 28.4% 30.0% 58.9% 56.6% 54.9% 53.5% 59.0% 59.2% Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 UK & Europe US ME ROW Time & Material Fi
Slide 15: Operational Performance: Revenue by Industry Segments
OPERATIONAL PERFORMANCE Revenue By Industry Segments Q3FY24 – Consolidated Q3FY24 43.0% 17.9% 12.0% 15.3% 11.8% Government & Education Health & Life Sciences Q2FY24 43.6% 16.6% 12.5% 15.7% 11.6% Retail/ Consumer Manufacturing & Technology Financial Services # Q3FY23 41.4% 16.2% 14.1% 16.1% 12.2% 0%
Slide 16: Operational Performance: Revenue by Service Line
OPERATIONAL PERFORMANCE Revenue By Service Line Q3FY24 – Consolidated Q3FY24 43.2% 29.1% 18.1% 9.5% Digital & Application Engineering Oracle Cloud & Enterprise Apps Q2FY24 43.5% 30.5% 18.5% 7.5% Digital Commerce & Experience Data, Automation and AI Q3FY23 43.5% 29.2% 21.7% 5.6% 0% 10% 20% 30% 40% 50
Slide 17: Key Wins for the Quarter
@ Mastek ®@ Trust. Value. Velocity KEY WINS FOR THE QUARTER
Slide 18: Key Wins for the Quarter: Government & Financial Services
KEY WINS FOR THE QUARTER Government & Financial Services UK & Europe UK & Europe Americas AMEA Client A member of the UK’s American Fortune 500 financial services One of the largest bank in the Middle prestigious Russell Group of leading provider offering range of credit cards, A ministerial departm
Slide 19: Key Case Studies and Wins: Healthcare
KEY CASE STUDIES AND WINS Healthcare Americas Americas AMEA Client Large USA based Non-Profit company which forms part An American Fortune 500 Company operating clinical A leading hospital chain providing specialized medical of an Association providing Healthcare Insurance & laboratory and maintaini
Slide 20: Key Wins for the Quarter: Retail & Manufacturing
KEY WINS FOR THE QUARTER Retail & Manufacturing UK & Europe UK & Europe Americas AMEA Client A market leader offering comprehensive An industry-leading manufacturer of Second largest North American waste solutions in commercial laundry, packaging for consumer-packaged disposal company providing non-
Slide 21: Acquisition Update
Mastek*@ Trust. Value. Velocity ACQUISITION UPDATE
Slide 22: BizAnalytica - Strong Synergy Potential with Mastek
BIZANALYTICA - STRONG SYNERGY POTENTIAL WITH MASTEK Strong Data Cloud Developing Data- Provide Data Strengthens Data Potential to Capabilities on centric solutions foundation for Engg. capabilities in position Mastek leading platforms complementary to Analytics and Retail & HLS, while services into
Slide 23: BizAnalytica is Now Mastek's Data Cloud and Modernization Business
BIZANALYTICA IS NOW MASTEK’S DATA CLOUD AND MODERNIZATION BUSINESS Mastek Snowflake partnership tier upgraded to “Premier” tier Investor Presentation | Earning Deck Company Confidential © Mastek 2023. All rights reserved | 23
Slide 24: Key Case Studies and Wins
KEY CASE STUDIES AND WINS Financial Services Financial Services Healthcare Americas Americas Americas Client American investment management company offering Investment management/asset management firm Global provider of information, innovative technology wide range of investment solutions with a foc
Slide 25: Strategic Priorities
Mastek*@ Trust. Value. Velocity STRATEGIC PRIOIRTIES
Slide 26: Mastek Strategic Priorities
MASTEK STRATEGIC PRIORITIES Turnkey Digital Engineering & Cloud Transformation Partner Massive Untapped Continued Growth Differentiated Digital & Cloud Mastek Brand, M&A Opportunity in in UK Public Sector Talent and Delivery Services Innovation & ESG Americas EU, ME expansion model Strategic Partner
Slide 27: Thank You
THANK YOU This presentation contains information that may be privileged or confidential and is the property of Mastek. Copyright © 2022 Mastek. All rights reserved. Note: Except for the historical information and discussion contained herein, statements included in this release may constitute forward