Mastek Limited · NSE:MASTEK
Mastek — Q1 FY2022 Earnings Presentation
27 slides from Mastek's earnings presentation, Jul 19, 2021
Slide 1: Q1FY22 Analyst Presentation, 19 July 2021
19 July 2021 Presented by: Ashank Desai | Vice Chairman and Managing Director, Mastek Limited Hiral Chandrana | Global Chief Executive Officer, Mastek Group Arun Agarwal | Global Chief Financial Officer, Mastek Limited Abhishek Singh | President, UK Business of Mastek Umang Nahata | CEO, Evosys (A M
Slide 2: Table of Contents
Table of Contents 01. Highlights of the Quarter 02. Financial Performance 03. Operational Performance 04. Key Wins for the Quarter 05. Acquisition Updates Mastek Limited | Investor Presentation 2021 | Presentation title in footer 2
Slide 3: Highlights of the Quarter
Highlights 01 of the Quarter 02 03 04 05
Slide 4: Highlights of Q1FY22
Highlights of Q1FY22 Mastek crossed $70mn revenue in Awards & Q1FY22 PAT grew by 72.2 % YoY Recognitions • Mastek gets recognized in The Gartner Q1 Q2 Q4 Q3 Q1 15.4 % PAT margin Digital Commerce Vendor Guide, FY in Q1FY22, 383 bps 2021 (Sandy Shen et al., 14 April 2021) 22 as a Digital Commerce Serv
Slide 5: Financial Performance
Financial 02 Performance 01 02 03 04 05
Slide 6: Consistent Financial Performance
Consistent 33.8 % Financial Performance Revenue growth YoY Revenue from Operations (Rs Crore) Operating EBITDA Margin PAT Margin 21.1% 23.5% 21.9% 21.8% 21.8 % Operating 17.3% 17.6% EBITDA margin 13.2% 13.3% 13.8% improved by 419 bps 12.1% 12.0% 12.3% 12.4% 12.7% 12.2% 12.8% 11.8% 15.7% 15.6% 15.4%
Slide 7: Financial Summary – Q1FY22
Financial Summary – Q1FY22 Growth Growth Key Performance Metrics Q1FY22 Q4FY21 Q1FY21 QoQ YoY Revenue from Operations ($mn) $70.2 $65.9 $50.8 4.3% (CC) 27.2% (CC) Revenue from Operations (Rs Crore) 516.5 483.2 386.1 6.9% 33.8% Revenue Other Income (Rs Crore) 4.7 3.2 16.7 45.2% (71.9)% Total Income (
Slide 8: Consolidated Financial Highlights Q1FY22
Comparison: Quarter-on-Quarter and Year-on-Year (Figures in Rs Crore) Consolidated Financial Highlights Q1FY22 Operating EBITDA & Operating Revenue PAT & Margin (%) 12 Months Order Backlog Margin (%) 21.9% 21.8% 15.6% 15.4% 17.6% 105.9 112.8 516.5 11.6% 483.2 1,177.7 1,130.4 386.1 68.1 80.2 764.5 75
Slide 9: Balance Sheet Metrics Q1FY22 - Consolidated
Strengthening the Balance Sheet (Figures in Rs Crore) Balance Sheet Metrics Q1FY22 - Consolidated Return on Capital Free Cash Flow Cash & Cash Equivalent Return on Equity# Employed# 275.6 26.5% 27.3% 28.5% 959.8 25.6% 848.9 168.0 17.1% 14.6% 115.4 414.7 FY20 FY21 Q1FY22 FY20 FY21 Q1FY22 FY20 FY21 Q1
Slide 10: Operational Performance
Operational 03 Performance 01 02 04 05
Slide 11: Operating Metrics Q1FY22
Operating Metrics Q1FY22 Strengthening our business Q1FY22 Q4FY21 Q1FY21 New Clients Added 40 45 48 Active Client (immediately preceding 12 months) 651 639 504 Client Base Top 5 33.0% 33.3% 34.5% Top 10 47.7% 47.1% 48.1% Total Employee 4,302 3,792 3,321 - Offshore 3,181 2,674 2,227 Employee - Onsite
Slide 12: Revenue Analysis Q1FY22 - Consolidated
Balancing our portfolio Revenue Analysis Q1FY22 - Consolidated Revenue by Market Region* Revenue by Q1FY22 34.1% 25.6% 13.9% 9.6% 16.8% Industry Segment 3.5% 6.0% 6.0% Government Q4FY21 32.0% 28.0% 14.0% 10.2% 15.8% 14.1% 9.5% 8.5% Health 17.1% 14.6% 15.4% Retail Services Financial Services Q1FY21 3
Slide 13: Q1FY22 – Operational Performance: Revenue by Practice Line
Operational Performance Revenue By Q1FY22 50.5% 34.2% 11.6% 3.7% Practice Line Q1FY22 – Consolidated Q4FY21 48.8% 34.9% 11.4% 4.9% Application Transformation Enterprise Applications Digital Commerce & Experience Q1FY21 47.7% 34.7% 14.1% Data, Analytics & AI 3.5% Mastek Limited | Investor Presentatio
Slide 14: Gartner Recognizes Evosys & Mastek
Gartner Recognizes Evosys & Mastek 2021* 2021 Evosys named in Gartner 2021 Magic Quadrant Recognition for Oracle Cloud Applications Mastek gets recognised in The Gartner Services, Digital Commerce Vendor Guide, 2021 Worldwide report. (Sandy Shen et al., 14 April 2021) as a This is the third Digital
Slide 15: Key wins for the quarter
Key wins 04 for the quarter 01 02 03 05
Slide 16: Key wins: Public Sector and Government
Key wins for the quarter Public Sector and Government UK UK UK Client: UK Central Government Client: UK Central Government Client: One of the council areas of Department Departments Scotland providing local government services to approximately 95,000 About the deals: (A) Multi million deal About the
Slide 17: Key wins: Public Sector and Government
Key wins for the quarter Public Sector and Government UK US Client: Largest municipal power Client: One of the unitary authority system in North Carolina where its council areas of Scotland providing utility services includes the areas of civic and social services to 90,000 safety, financial reporti
Slide 18: Key wins: Healthcare and Lifesciences
Key wins for the quarter Healthcare and Lifesciences US US US Client: Provides high-quality care Client: Non-profit health plan serving a Client: An industry pioneer with to patients through their home nd TX licensed health maintenance over 20 years of experience in health, hospice, home and organiz
Slide 19: Key wins: Healthcare and Lifesciences
Key wins for the quarter Healthcare and Lifesciences US UK Client: US based Global leader of Client: UK Healthcare Client surgical products About the deals: Multiple deals About the deal: Mastek would leverage signed covering: its D2X methodology and enable the (A) Identity related services to help
Slide 20: Key wins: Manufacturing & Engineering and Construction
Key wins for the quarter Manufacturing & Engineering and Construction UK ME UK Client: One of the top 10 biggest Client: A pioneering company in the field Engineering & Architectural firms Client: Multinational lead-acid batteries of manufacturing chemicals for defence globally and the most valuable
Slide 21: Key wins: BFSI and Utilities
Key wins for the quarter BFSI Utilities UK UK Client: Company is a FTSE100 Client: A water company in the Financial Services company UK, providing mains water and with insurance businesses sewerage services in one of the around the world English counties About the deal: Selected by About the deal: M
Slide 22: Key wins: FMCG and Education
Key wins for the quarter FMCG Education ROW ME Client: A burgeoning restaurant in Client: An aviation academy that the Philippines committed to has a pilot school, a maintenance elevate customers’ dining training center and a simulator experience training center for commercial airlines About the dea
Slide 23: Mastek and Evosys Cross-Sell Opportunity
Mastek and Evosys Cross-Sell Opportunity Mastek Services: Evosys Services: Application Development Oracle Cloud Application Digital Commerce Implementation Application Support & Oracle On Premise Maintenance Implementations and Upgrade BI & Analytics Oracle Application Support Agile Consulting Oracl
Slide 24: Co-sell Opportunity
Strengthening Our Joint Sale Advantages of joint bids for Evosys ERP/ HCM bids Co-sell Opportunity Competitive “Total Digital Transformation” Solution offering Mastek Services Size benefit to bid for large Joint contracts and compete against large Go-to-Market players Strategy Evosys Services Multi-
Slide 25: Acquisition Updates
Acquisition Updates 05 01 02 03 04
Slide 26: Evosys Acquisition Update: Scheme of Arrangement (Demerger)
Evosys Acquisition Update Scheme of Arrangement Business Transfer Agreement (Demerger) • NOC received from Stock Exchanges • Application filed with NCLT on 5 March 2021 • Scheme was approved in the Court convened meetings by shareholders and creditors • Final hearing of NCLT due in August 2021 Maste
Slide 27: Questions & Answers
Mastek*@ Thank You Questions & Answers