Onward Technologies Limited · NSE:ONWARDTEC
Onward Technologies — Q1 FY2023 Earnings Presentation
21 slides from Onward Technologies's earnings presentation, July 2022
Slide 1: Q1-FY23 Earnings Presentation
Q1-FY23 EARNINGS PRESENTATION July 2022
Slide 2: Who We Are
WHO WE ARE Onward Technologies is a software outsourcing company specializing in digital and ER&D services. We help global OEMs improve speed to market, accelerate innovation, and maximize returns on their R&D investments.
Slide 3: Value proposition of Onward Tech
Value proposition of onward tech The Power of One Revenue (INR Mn) & EBITDA Margin (%) Digital play across all lines of business • 2800+ employees 3,073 • 14 offices across 6 countries • Digital engineering and outsourcing 2,715 2,404 • Electronics and Embedded 6.96% • Proven expertise in operating
Slide 4: Our capabilities
Our capabilities Lines of business Focus verticals Digital Mechanical • New Product Digital with Design & AR/VR Embedded Development IT Engineering • Value • SW Development & Automation • Platform Services - Engineering Maintenance Hardware, Software Big Data • Virtual • Enterprise Business • Con
Slide 5: Strategic presence across geographies
Strategic presence across geographies 1 Detroit, MI 2 Cleveland, OH 3 Chicago, IL 5 6 1 4 Toronto, ON 7 4 5 London, UK 6 Frankfurt, DE 3 2 8 12 7 Amsterdam, NL 8 Mumbai, IN (Corporate HQ) 9 10 11 9 Pune (3 COEs*) 10 Chennai, IN 11 Bengaluru, IN 12 Hyderabad, IN *COE: Centre of excellence
Slide 6: Q1-FY23 Financial Overview
Q1-FY23 FINANCIAL OVERVIEW 6
Slide 7: Q1-FY23 Key Highlights
Q1-FY23 Key Highlights Q1-FY23 Consolidated Financial Performance Operational Highlights • Revenue in Q1 FY23 grew by 35% Year-on-Year and by 7% INR 937 Mn INR 29 Mn 3.10% Quarter-on-Quarter, driven by increase in revenues from Revenue from strategic clients in two key verticals: Industrial Equipmen
Slide 8: Management comments
Management comments Commenting on the performance of the Company, Jigar Mehta – Managing Director said: “I am pleased to share that we have recorded a robust Q1 performance driving our highest quarterly revenue at INR 934 Mn. We are seeing strong demand for our services in line with our medium-term
Slide 9: Consolidated Quarterly Financial Performance
Consolidated Quarterly Financial Performance Particulars (INR Mn) Q1-FY23 Q1-FY22 Y-O-Y Q4-FY22 Q-O-Q Operational Income 937 696 34.6% 875 7.1% Total Expenses 908 715 27.0% 812 11.8% EBITDA 29 (19) NA 63 (54.0)% EBITDA Margins (%) 3.10% NA NA 7.20% (410) Bps Other Income 21 155 (86.5)% 16 31.3% Depr
Slide 10: Standalone Quarterly Financial Performance
Standalone Quarterly Financial Performance Particulars (INR Mn) Q1-FY23 Q1-FY22 Y-O-Y Q4-FY22 Q-O-Q Operational Income 691 516 33.9% 665 3.9% Total Expenses 652 510 27.8% 598 9.0% EBITDA 39 6 NA 67 (41.8)% EBITDA Margins (%) 5.64% 1.16% 448 Bps 10.08% (444) Bps Other Income 29 10 NA 19 52.6% Depreci
Slide 11: Historical Financial Overview
HISTORICAL FINANCIAL OVERVIEW 11
Slide 12: Historical Consolidated Profit & Loss
Historical Consolidated Profit & Loss Particulars (INR Mn) FY20* FY21* FY22 Q1-FY23 Operational Income 2,715 2,404 3,073 937 Total Expenses 2,482 2,230 2,859 908 EBITDA 233 172 214 29 EBITDA Margins (%) 8.58% 7.15% 6.96% 3.10% Other Income 11 53 215 21 Depreciation 113 104 101 31 Finance Costs 35 23
Slide 13: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (INR Mn) FY20 FY21 FY22 Particulars (INR Mn) FY20 FY21 FY22 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 80 171 366 Share Capital 160 163 220 Intangible assets 41 39 26 Other Equity 520 581 1,412 Intangible asse
Slide 14: Historical Standalone Profit & Loss
Historical Standalone Profit & Loss Particulars (INR Mn) FY20* FY21* FY22 Q1-FY23 Operational Income 1,806 1,727 2,344 691 Total Expenses 1,660 1,531 2,168 652 EBITDA 145 196 176 39 EBITDA Margins (%) 8.03% 11.35% 7.51% 5.64% Other Income 65 85 56 29 Depreciation 102 93 92 30 Finance Costs 33 21 10
Slide 15: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet Particulars (INR Mn) FY20 FY21 FY22 Particulars (INR Mn) FY20 FY21 FY22 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 70 164 184 Share Capital 160 163 220 Intangible assets 41 39 26 Other Equity 455 573 1,262 Intangible assets
Slide 16: Consolidated Financial Highlights
Consolidated Financial Highlights Revenue (INR Mn) EBITDA (INR Mn) & EBITDA Margin (%) PAT (INR Mn) & PAT Margin (%) 3,073 237 2,715 233 214 2,404 172 8.58% 7.15% 62 73 7.71% 6.96% 937 29 3.04% 12 2.28% 1.28% 3.10% FY20 FY21 FY22 Q1-FY23 FY20 FY21 FY22 Q1-FY23 FY20 FY21 FY22 Q1-FY23 EBITDA EBITDA Ma
Slide 17: Revenue Metrics (Consolidated)
Revenue Metrics (Consolidated) Revenue by Business (%) Revenue by Industry (%) 2% 8% 8% 5% 8% 7% 6% 19% 11% 27% 26% 27% 26% 21% 18% 30% 38% 26% 24% 73% 72% 71% 74% 42% 42% 44% 45% FY20 FY21 FY22 Q1-FY23 FY20 FY21 FY22 Q1-FY23 Industrial & Heavy Machinery Transportation & Mobility ER&D ITS Digital Ot
Slide 18: Hedging & Other Metrics
Hedging & Other Metrics Other Ratios FY20 FY21 FY22 Q1-FY23 Carpet Area 71,948 65,285 87,576 87,576 Number of seats 906 847 1,200 1,200 PBT to Revenue% 3.55% 4.08% 10.35% 1.60% Number of active clients 210 184 145 97 Gain Over 50% Hedge Hedging Details for Q1-FY23* Hedge Rate Hedge Amount (Mn) Actua
Slide 19: Capital Market Data
Capital Market Data Stock Market Performance (as on 30th June, 2022) Dividend per Share (INR) 120% 100% 3.00 3.00 80% 60% 40% 1.50 20% 0% -20% Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 FY20 FY21 FY22 Onward Sensex Price Data (as on 30th June, 2022) Sharehold
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
Slide 21: Thank You
Ormwverres TECHNOLOGIES Your Imagination. Delivered to Perfection!” THANK YOU
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