Slide 1: Earnings Presentation Q1-FY22
EARNINGS PRESENTATION Q1-FY22
Slide 2: Snapshot
Snapshot Legacy Execution Capabilities Team Strength Ø 30 years of delivering value to Ø Over 9,000+ Projects Delivered Ø Dynamic & Experienced Leadership customers Ø Over 50 Million Hours of engineering Team Ø Founder, Mr. Harish Mehta also co- services work Ø 2,100+ experienced employees founded N
Slide 3: Company Overview
Company Overview Key Business Segments • Established in 1991 Onward Technologies Ltd is a leading player today in Digital, ER&D and Engineering Research & Development (ER&D) Information Technology outsourcing services. • The Company offers wide range of • Headquartered at Mumbai, the company caters
Slide 4: Geographical Presence
Geographical Presence Cleveland Chicago Troy London Amsterdam Frankfurt Toronto FY21 Revenue Breakup – Client Location USA 36% Pune Mumbai Bengaluru Chennai India Europe 53% 5% UK 6% HQ Offshore Development Centre Office Large Customers with more than 10 Years of Association 7 Large Customers with m
Slide 5: Key Strengths
Key Strengths Ø Proven expertise in delivering digital transformation and engineering outsourcing services for fortune 1000 companies Ø Ability to ramp-up on-demand across the globe on a short notice Ø Flexible business and engagement model to provide agility and cost effectiveness Ø Right size orga
Slide 6: Strategic Transformation
Strategic Transformation FY2021 TARGET FY2025 Top 10 Top 10 Customers Customers (45%) (70%) Top 11-50 Customers Top 11-50 Customers (41%) (20%) Remaining Customers Remaining Customers (14%) (10%) Digital 2% ITS Digital 26% ER&D Transfor ER&D 72% mation 50% 50% Ø Over its 3-decade legacy, Onward Tech
Slide 7: Future Growth Strategy
Future Growth Strategy New Capabilities Focus • Focus on newly established capabilities in Digital • Clear strategy for winning larger deals from existing customers Transformation, AI/ML, and Industry 4.0 and new customers in target markets: (North America, Europe & • Build capabilities in sector ag
Slide 8: Q1-FY22 Financial Overview
Q1-FY22 FINANCIAL OVERVIEW Se eA
Slide 9: Q1-FY22 Key Financial Highlights
Q1-FY22 Key Financial Highlights Q1-FY22 Standalone Financial Performance Q1-FY22 Consolidated Financial Performance INR 516 Mn INR 5 Mn 0.97% INR 696 Mn INR (19) Mn NA Revenue from EBITDA EBITDA Margins Revenue from EBITDA EBITDA Margins Operations Operations INR (7) Mn NA INR (0.37)/share INR 99 M
Slide 10: Q1-FY22 Operational Highlights
Q1-FY22 Operational Highlights • The company achieved a YoY growth of 24% in Consolidated Revenues. • There has been good Growth from the offshore business coming from US, EU and UK geographies. • Signed 3 new customers, and various large new contracts during the quarter, which will further drive fi
Slide 11: Q1-FY22 Standalone Income Statement (IND-AS)
Q1-FY22 Standalone Income Statement (IND-AS) Particulars (INR Mn) Q1-FY22 Q1-FY21 Y-O-Y Q4-FY21 Q-O-Q Operational Income 516 382 35.08% 497 3.82% Total Expenses 511 343 48.98% 456 12.06% EBITDA 5 39 (87.18%) 41 (87.80%) EBITDA Margins (%) 0.97% 10.21% (924 Bps) 8.25% (728 Bps) Other Income 10 5 100%
Slide 12: Q1-FY22 Consolidated Income Statement (IND-AS)
Q1-FY22 Consolidated Income Statement (IND-AS) Particulars (INR Mn) Q1-FY22 Q1-FY21 Y-O-Y Q4-FY21 Q-O-Q Operational Income 696 560 24.29% 663 4.98% Total Expenses 715 523 36.71% 625 14.40% EBITDA (19) 37 NA 38 NA EBITDA Margins (%) NA 6.61% NA 5.73% NA Other Income 155 3 NA 20 NA Depreciation 24 28
Slide 13: Historical Financial Overview
HISTORICAL FINANCIAL OVERVIEW 13
Slide 14: Historical Standalone Profit & Loss
Historical Standalone Profit & Loss Particulars (INR Mn) FY18 FY19 FY20* FY21* Q1-FY22* Operational Income 1,066 1,182 1,806 1,727 516 Total Expenses 1,030 1,032 1,660 1,531 511 EBITDA 36 150 145 196 5 EBITDA Margins (%) 3.38% 12.69% 8.03% 11.35% 0.97% Other Income 65 50 65 85 10 Depreciation 46 48
Slide 15: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet Particulars (INR Mn) FY19 FY20 FY21 Particulars (INR Mn) FY19 FY20 FY21 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 75 70 164 Share Capital 158 160 163 Intangible assets 56 41 39 Other Equity 454 455 573 Intangible assets un
Slide 16: Historical Consolidated Profit & Loss
Historical Consolidated Profit & Loss Particulars (INR Mn) FY18 FY19 FY20* FY21* Q1-FY22* Operational Income 2,445 2,610 2,715 2,404 696 Total Expenses 2,333 2,386 2,482 2,231 715 EBITDA 112 224 233 173 (19) EBITDA Margins (%) 4.58% 8.58% 8.58% 7.20% NA Other Income 48 12 11 53 155 Depreciation 55 5
Slide 17: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (INR Mn) FY19 FY20 FY21 Particulars (INR Mn) FY19 FY20 FY21 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 98 80 171 Share Capital 158 160 163 Intangible assets 57 41 39 Other Equity 452 520 581 Intangible assets
Slide 18: Consolidated Financial Highlights
Consolidated Financial Highlights Revenue (INR Mn) EBITDA (INR Mn) PAT (INR Mn) 2,715 224 233 2,610 2,445 2,404 173 101 99 8.58% 8.58% 112 7.20% 74 67 62 14.22% 4.58% 696 3.87% 2.74% 3.08% -19 2.28% -2.73% FY18 FY19 FY20 FY21 Q1-FY22 FY18 FY19 FY20 FY21 Q1-FY22 FY18 FY19 FY20 FY21 Q1-FY22 EBITDA EBI
Slide 19: Key Metrics (Consolidated)
Key Metrics (Consolidated) Revenue by Business Revenue by Industry Revenue by Contract Type 2% 2% 4% 4% 5% 8% 7% 33% 31% 27% 26% 22% 26% 22% 25% 23% 34% 27% 26% 21% 31% 38% 26% 24% 30% 26% 27% 69% 73% 72% 76% 74% 78% 75% 77% 67% 69% 36% 42% 42% 42% 31% FY18 FY19 FY20 FY21 Q1-FY22 FY18 FY19 FY20 FY21
Slide 20: Disclaimer
Disclaimer Onward Technologies Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, or correctness of the information or opinions contained in this presentation. Such information and opinions are in all e