Ltm Limited · NSE:LTM

Ltm — Mindtree — Q4 FY2022 Earnings Presentation

23 slides from Ltm's earnings presentation, 2022

  1. Slide 1: Mindtree Investor Presentation & Factsheet for Q4 and Year ended FY22

    Analyze Reimagine Transform ⚫ ⚫ Mindtree Investor Presentation & Factsheet for Q4 and Year ended FY22

  2. Slide 2: Safe Harbor

    Safe Harbor This presentation may contain forward-looking statements, which involve risks and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. The conditions caused by the COVID-19 pandemic could decrease customer’s technology spen

  3. Slide 3: Company snapshot

    Company snapshot $1.4B 276 Annual revenue active clients Leading digital transformation partner with a history of over Presence in two decades 35,000+ Mindtree Minds 24 countries 3

  4. Slide 4: Imperatives that drive our strategy

    Imperatives that drive our strategy Build on our existing Develop strategic relationships strengths and partnerships Enhance focus on key Continue to Simplify, growth opportunities Differentiate and Change 4

  5. Slide 5: Strategy for profitable growth

    Strategy for profitable growth INDUSTRY GROUPS SERVICE LINES GEOGRAPHIES RCM BFSI Retail, Consumer Banking, Customer Data and North UK Products & Financial Services Success Intelligence America and Ireland Manufacturing & Insurance Health Consulting TTH CMT Cloud Enterprise IT Continental APAC & Tra

  6. Slide 6: Q4 FY22 Financial Highlights

    Q4 FY22 Financial Highlights PROFITABLE GROWTH : 4.8% QoQ and 33.2% YoY $383.8M 21.0% 18.9% 16.3% ₹28.7 ₹27 Revenue EBITDA EBIT PAT EPS +8.2% QoQ, Final dividend/ +48.9% YoY share ROBUST ORDER BOOK STRONG PERFORMANCE RESILIENT BALANCE SHEET 31.1% annual revenue growth $474.6M All time high Cash & Ca

  7. Slide 7: Strong performance for the quarter

    Strong performance for the quarter $383.8M $80.6M | 21.0% REVENUE EBITDA Q-o-Q 4.8%  Q-o-Q  2.1%  50 bps Y-o-Y 33.2%  Y-o-Y  27.6%  90bps 5.2% $ 72.7M | 18.9% ₹ 28.7 Q-o-Q CC Revenue Growth EBIT EPS Q-o-Q  3.2%  30 bps Q-o-Q 8.2%  Y-o-Y  36.0%  30 bps Y-o-Y 48.9%  7

  8. Slide 8: Q4 FY22 financials (USD in millions)

    Q4 FY22 financials (USD in millions)  4.8% Q-o-Q  2.1% Q-o-Q 366.4 383.8 78.9 80.6 REVENUE EBITDA 63.2 288.2 Q4 FY21 Q3 FY22 Q4 FY22 Q4 FY21 Q3 FY22 Q4 FY22  3.2% Q-o-Q  7.6% Q-o-Q 70.5 72.7 62.7 58.3 EBIT 53.5 PAT 43.3 Q4 FY21 Q3 FY22 Q4 FY22 Q4 FY21 Q3 FY22 Q4 FY22 8

  9. Slide 9: Q4 FY22 financials (INR in millions)

    Q4 FY22 financials (INR in millions)  5.4% Q-o-Q  2.7% Q-o-Q 27,500 28,974 6,083 REVENUE 5,921 EBITDA 21,093 4,626 Q4 FY21 Q3 FY22 Q4 FY22 Q4 FY21 Q3 FY22 Q4 FY22  3.7% Q-o-Q  8.1% Q-o-Q 5,289 5,487 4,731 4,375 EBIT PAT 3,913 3,173 Q4 FY21 Q3 FY22 Q4 FY22 Q4 FY21 Q3 FY22 Q4 FY22 9

  10. Slide 10: Revenue by Industry Groups

    Revenue by Industry Groups Industry Group Mix Q-o-Q Y-o-Y Q4 FY21 Q3 FY22 Q4 FY22 (Revenue %)* USD Growth USD Growth BFSI 18.4 17.5 18.2 8.9%  31.6%  CMT 45.8 43.1 43.3 5.2%  25.9%  RCM 22.1 24.3 22.6 2.4%  36.5%  TTH 12.7 13.8 14.4 9.2%  51.5%  HCARE 1.0 1.3 1.5 18.0%  89.4%  *A few accou

  11. Slide 11: Revenue by Service Lines and Geographies

    Revenue by Service Lines and Geographies Q-o-Q Y-o-Y Service Lines Mix (Revenue %) Q4 FY21 Q3 FY22 Q4 FY22 USD Growth USD Growth Customer Success 38.6 42.9 42.9 4.8 %  48.2%  Data & Intelligence 16.0 14.8 14.9 5.7%  23.5%  Cloud 19.4 19.1 19.1 4.4%  31.1%  Enterprise IT 26.0 23.2 23.1 4.3%  1

  12. Slide 12: Client composition

    Client composition CLIENT CONTRIBUTION TO REVENUE (%) TOTAL CONTRACT VALUE ($In Millions) Q4 FY21 Q3 FY22 Q4 FY222 58.9% 390 44.9% 375 59.3% 58.0% 358 35.4% 47.3% 44.4% 24.9% 38.6% 35.7% 28.0% 24.9% Q4 FY21 Q3 FY22 Q4 FY22 CLIENT METRICS Top Client Top 5 Clients Top 10 Clients Top 20 Clients Revenue

  13. Slide 13: Healthy deal wins – Mix of annuity and transformational

    Healthy deal wins – Mix of annuity and transformational A leading U.S.-based A Dutch multinational A U.S.-based global leader A leading U.S. flagship A leading multinational managed healthcare and company awarded in design software and airline signed a multiyear cards and payments insurance company

  14. Slide 14: Awards and recognitions

    Awards and recognitions Named a Leader in Everest Included in the FTSE4Good Emerging Recognized as a global Supplier Group’s Duck Creek Services Markets Index series. Engagement Leader by CDP, a global PEAK Matrix® Assessment 2022. non-profit that runs the global disclosure system for investors, com

  15. Slide 15: Our ESG Commitment

    Our ESG Commitment Environmental Social Governance • Achieve carbon neutrality, 100% • 500,000 lives to be impacted globally • 50%+ independent directors renewable energy internally by 2030 via skilling & education by 2030 maintained on our Board • 10 million USD cumulative funds • 40% women minds i

  16. Slide 16: Employee metrics

    Employee metrics WORK ETHOS Delivering Anchored by LEARNING CARING Ambitious PURPOSE with Curiosity for People RESULTS Total Mindtree Minds Q4 FY21 Q3 FY22 Q4 FY22 40,000 35,000 Attrition (Last Twelve Months) 28.0% 24.0% >5,200 Software professionals 22,540 30,338 33,206 30,000 Gross addition in 23.

  17. Slide 17: Employee metrics

    Employee metrics UTILIZATION 84.3% NET HEADCOUNT ADDITION 83.1% 81.5% Net headcount addition in FY22 was 6X over 11,200 - Six times addition in FY21 Q4 FY21 Q3 FY22 Q4 FY22 EFFORT MIX EMPLOYEE ENGAGEMENT Location % Q4 FY21 Q3 FY22 Q4 FY22 “One-size-fits-one” employee engagement and career enablement

  18. Slide 18: Key financials and other metrics

    Key financials and other metrics Free Cash Flow Cash and Investment Cash Flow (₹ millions) 36,012 28,057 30,723 64 DSO (days) 60 60 3,168 4,595 5,029 Q4 FY21 Q3 FY22 Q4 FY22 Q4 FY21 Q3 FY22 Q4 FY22 EPS Diluted (₹ per share) 28.7 44.5 44.0 26.5 ROCE (%) 19.3 36.7 Q4 FY21 Q3 FY22 Q4 FY22 Q4 FY21 Q3 FY

  19. Slide 19: Hedge position and INR-USD rate

    Hedge position and INR-USD rate 184M Balance sheet Value Total hedges hedges $1,724M outstanding in USD Avg. rate ₹82.0 1,534M Cash flow hedges 6M Options Rupee Dollar Rate Q4 FY21 Q3 FY22 Q4 FY22 Period closing rate 73.14 74.47 75.90 Period average rate 73.19 75.06 75.49 19

  20. Slide 20: Other Financial Metrics

    Other Financial Metrics Welcome to possible

  21. Slide 21: Full Year performance

    Full Year performance  31.1% Y-o-Y  31.5% Y-o-Y EBITDA ($ M & %) 1,410.8 REVENUE ($ M) 294.3 1,076.5 223.8 20.8% 20.9% FY21 FY22 FY21 FY22  38.7% Y-o-Y  47.7% Y-o-Y 261.9 EBIT ($ M & %) PAT ($ M & %) 221.6 188.8 150.0 17.5% 18.6% 13.9% 15.7% FY21 FY22 FY21 FY22 21

  22. Slide 22: Full Year performance

    Full Year performance Industry Service Lines Geography Mix Group Mix* FY21 FY22 Mix** FY21 FY22 FY21 FY22 (Revenue %) (Revenue %) (Revenue %) BFSI 19.6 17.8 Customer North 38.8 42.3 77.5 74.0 Success America CMT 46.4 43.5 Data & Continental 14.8 14.7 7.2 8.8 Intelligence Europe RCM 21.3 23.7 Cloud 1

  23. Slide 23: Welcome to possible

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Mindtree — Q4 FY2022 Earnings Presentation on 6ix