Kpit Technologies Limited · NSE:KPITTECH
Kpit Technologies — Q4 FY2022 Earnings Presentation
32 slides from Kpit Technologies's earnings presentation, Apr 27, 2022
Slide 1: Exchange filing cover letter for Investor Update Q4 FY2022
April 27, 2022 BSE Limited National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, C/1, G Block, Dalal Street, Bandra - Kurla Complex, Bandra (E), Mumbai - 400001. Mumbai – 400051. Scrip ID: KPITTECH Symbol: KPITTECH Scrip Code: 542651 Series: EQ Kind Attn: The Manager, Kin
Slide 2: Investor Update Q4FY2022 and FY2022
Reimagining Mobility with YOU April 27, 2022 Investor Update Q4FY2022 and FY2022 KPIT Technologies Ltd.
Slide 3: Forward Looking Statements
Forward Looking Statements Some of the statements in this update that are not historical facts, are forward-looking statements. These forward-looking statements include our financial and growth projections, as well as statements concerning our plans, strategies, intentions and beliefs concerning our
Slide 4: Performance Overview Q4FY22 | FY22
• 1 March 2021 Performance Overview Q4FY22 | FY22 Reimagining Mobility with YOU
Slide 5: Performance Overview
Performance Overview 1 1 FY22 Revenue Reported $ Revenue Growth of 19.5% Volume growth of ~28% driven by higher offshore Q4 FY22 CC Revenue Growth of 21% Y-o-Y, 5.2% Q-o-Q KPIT FY22 Net 2 Revenue $ Revenue Growth of 17% Y-o-Y and 4.1% Q-o-Q Profit grows 88%* over FY21 Q4 FY22 Net Profit at ₹ 789 mil
Slide 6: Performance Highlights
Performance Highlights Sequential CC growth of 5.2% led by Autonomous and Connected domains. Broad based growth across 01 commercial vehicles and passenger car verticals. Q4 was another good quarter in terms of deal closures. EBITDA expansion of 10 bps despite supply side constraints and fresher add
Slide 7: Additional facts - timeseries
Additional facts - timeseries Revenue $ M EBITDA % 87.1 18.6% 83.7 18.5% 80.4 17.2% 17.3% 17.6% 77.2 76.9 76.9 74.5 77.2 13.4% 71.1 72.8 13.5% 15.7% 69.7 14.6% 14.3% 65.3 65.3 12.8% 13.4% 13.4% Qtr. End Net Cash ₹ B EBITDA ₹ M 10.2310.38 1,150 1,214 8.22 8.78 9.33 981 1,041 931 6.30 739 727 737 751
Slide 8: Management Quotes
Management Quotes Commenting on the performance of FY22, Ravi Pandit, Co-founder and Chairman, KPIT said,” FY22 was a year of resurgence in many ways, and I am happy with the way we have emerged stronger. The transformation in the Mobility Industry is pointing towards Software Defined Vehicles, aimi
Slide 9: Cash Flow – Major Movement
Cash Flow – Major Movement INR Million Increase in Working Q-o-Q Increase in Net Capital – 275 Cash : INR 154 Million NET CASH (INR Mln) Q4FY22 Q3FY22 Gross Cash 10,380 10,226 Capex – 323 Dividend - 343 Long Term Debt NIL NIL Short Term Debt NIL NIL Cash and Cash Equivalents break-up ₹M NET CASH 10,
Slide 10: Strategic Large Engagement
Strategic Large Engagement A leading European OEM TCV of Euro 70+ selects KPIT as million. 80%+ of its key partner revenue expected for next to be delivered generation ECU over next 5 years Platforms’ Software Software Architecture, Software Development, Configuration and Integration, Validation 4/2
Slide 11: New Engagements
New Engagements TCV of Total Deals won during the Quarter : $ 125* million A leading American car manufacturer selected KPIT for an engagement in the powertrain virtualization domain A leading European car manufacturer selected KPIT for multiple engagements in the AUTOSAR and vehicle diagnostics dom
Slide 12: FY23 – Outlook
FY23 – Outlook CC Revenue Growth : 18% to 21% Broad based growth across practices, led by Strategic Clients and Strategic Engagements. Volume Growth to be in the range of 25%, driven by increased offshore EBITDA Margin : 18% to 19% Improvement in Revenue mix towards offshore and fixed price. Growth
Slide 13: Other Updates Q4FY22
• 1 March 2021 Other Updates Q4FY22 Reimagining Mobility with YOU
Slide 14: Recognition
Recognition Frost & Sullivan, has recognized KPIT Technologies for Frost & Sullivan 2021 Global OTA and Cloud Platform Technology Innovation Leadership Award. Under the Best Practices Awards, Frost & Sullivan has recognized KPIT Technologies for its commitment to innovation, creativity, commercializ
Slide 15: KPIT and dSPACE team up for smart charging solutions
KPIT and dSPACE team up for smart charging solutions for electric vehicles KPIT and dSPACE have teamed up to offer a comprehensive solutions test suite for smart charging. Comprehensive solutions suite enables the development of next-generation onboard vehicle chargers that complies with internation
Slide 16: KPIT Sparkle 2022: Completed the 8th edition of the flagship event
KPIT Sparkle 2022: Completed the 8th edition of the flagship event to engaging the best talent across India • KPIT Sparkle is one of India’s biggest innovation platforms for Engineering, Science and Design students • Platform’s multidisciplinary outlook empowers tech enthusiasts to solve society’s b
Slide 17: KPIT – being the Best Place to Grow
KPIT – being the Best Place to Grow !! KPIT Technologies and Coventry University launch a Unveiling brand workplace Master of Technology in automotive software engineering course new office in US! Novi, Michigan A bigger, better located, futuristic premise aligned with our goal of being the best pla
Slide 18: KPIT – Societal Development Commitment
KPIT – Societal Development Commitment • Water Conservation • KPIT SPARKLE (Engg. Innovation) • Forest Conservation • SHODH (PhD researchers) • Chotte Scientists (School Children) ENVIRONMENT EDUCATION Making this world a Transforming lives of better place to live in people through science & technol
Slide 19: Financial & Operational Data Snapshot
• 1 March 2021 Financial & Operational Data Snapshot Reimagining Mobility with YOU
Slide 20: Profit & Loss Account Snapshot
Profit & Loss Account Snapshot INR MN DETAILS Q4FY22 Q3FY22 Q4FY21 FY22 FY21 Revenue from Operations 6,517.65 6,223.67 5,403.27 24,323.86 20,357.41 Other Income 127.54 80.75 51.53 397.42 139.29 Total Income 6,645.19 6,304.42 5,454.80 24,721.28 20,496.70 Operating Expenses 5,303.69 5,073.92 4,527.68
Slide 21: Balance Sheet Snapshot
INR MN Balance Sheet Snapshot ASSETS Q4FY22 Q3FY22 EQUITY & LIABILITIES Q4FY22 Q3FY22 NON-CURRENT ASSETS Equity Share Capital 2,700.17 2,698.64 Other Equity 10,395.50 10,768.99 Property, Plant & Equipment 1,936.72 1,967.75 Equity attributable to owners 13,095.67 13,467.63 Right-of-use Assets 2,503.3
Slide 22: Revenue Break-up (Quarterly)
Revenue Break-up (Quarterly) USD MN Verticals Q4FY22 Q3FY22 Q4FY21 Q-o-Q Y-o-Y Passenger Cars 62.88 61.42 56.68 2.4% 10.9% Commercial Vehicles 22.04 20.40 16.65 8.1% 32.4% Others 2.19 1.87 1.15 17.0% 90.3% TOTAL 87.11 83.69 74.48 4.1% 17.0% Practices Q4FY22 Q3FY22 Q4FY21 Q-o-Q Y-o-Y Powertrain 29.19
Slide 23: Revenue Break-up (Annual)
Revenue Break-up (Annual) USD MN Verticals FY22 FY21 Y-o-Y Passenger Cars 242.40 211.01 14.9% Commercial Vehicles 80.05 60.06 33.3% Others 5.90 3.70 59.4% TOTAL 328.36 274.77 19.5% Practices FY22 FY21 Y-o-Y Powertrain 122.01 108.22 12.8% AD-ADAS 62.77 57.89 8.4% Connected Vehicle 36.04 30.31 18.9% O
Slide 24: P&L Metrics (Quarterly)
P&L Metrics (Quarterly) Q4FY22 Q3FY22 Q4FY21 Q-o-Q Y-o-Y Revenue by Contract Type Time & Material Basis 48.1% 43.5% 45.4% 15.0% 23.8% Fixed Price Basis 51.9% 56.5% 54.6% (4.3)% 11.3% Clients Strategic T21 Client Revenue 83.85%* 82.93%* 85.64% 4.1% 8.8% Active Clients (Period End) 60 58 55 Revenue pe
Slide 25: P&L Metrics (Annual)
P&L Metrics (Annual) FY22 FY21 Y-o-Y Revenue by Contract Type Time & Material Basis 44.8% 47.9% 11.8% Fixed Price Basis 55.2% 52.1% 26.6% Clients Strategic T21 Client Revenue 83.80%* 85.69% 14.1% Active Clients (Period End) 60 55 Avg Revenue per Devp. Employee USD 48,804.2 46,099.6 R&D Expenditure (
Slide 26: Currency wise revenues, Hedging Details
Currency wise revenues, Hedging Details Currency wise O/s Hedge Details Q4FY22 Q4FY22 Q3FY22 Q4FY21 FY22 FY21 revenue Hedge Rates USD 40.0% 37.8% 43.5% 40.3% 43.1% USD/INR 77.85 EUR 32.2% 36.4% 33.9% 33.9% 35.5% EUR/INR 89.58 GBP 6.6% 5.0% 5.2% 5.7% 4.6% GBP/INR 105.37 JPY 12.4% 11.1% 8.9% 11.1% 7.9
Slide 27: Headcount Data
Headcount Data Period End Headcount Q4FY22 Q3FY22 Q4FY21 Q-o-Q Y-o-Y Development 7,628 7,220 5,848 - - Enabling & Sales 617 606 518 - - Total 8,245 7,826 6,366 - - 4/27/2022 26
Slide 28: Contact Us
• 1 March 2021 Contact Us Reimagining Mobility with YOU
Slide 29: Conference Call Details
Conference Call Details Conference name : KPIT Technologies Q4 FY2022 Post Earnings Conference Call Date : Wednesday April 27, 2022 Time : 1700 Hrs. Participants : Mr. S.B. (Ravi) Pandit, Co-founder, Chairman Mr. Kishor Patil, Co-founder, CEO & MD Mr. Sachin Tikekar, Co-founder, Joint MD Mrs. Priya
Slide 30: Contact - Investor Queries
Contact For Investor Queries Email Sunil.Phansalkar@kpit.com Desk Phone + 91 20 6770 6997 Cell + 91 98509 66011 Website www.kpit.com Sunil Phansalkar 29
Slide 31: Contact - Media Queries
Contact For Media Queries Email Sunil.R@kpit.com Desk Phone + 91 80 6606 6000 (7865) Cell + 91 99001 50180 Website www.kpit.com Sunil B R 30
Slide 32: THANK YOU !!
THANK YOU !! KPIT Technologies Ltd.