Wipro Limited · NSE:WIPRO
Wipro — Q4 FY2021 Earnings Presentation
22 slides from Wipro's earnings presentation, April 2021
Slide 1: Wipro Limited Investor Presentation
Wipro Limited Investor Presentation For the quarter and year ended March 31, 2021 Public
Slide 2: Safe Harbor
Safe Harbor This presentation may contain certain “forward looking” statements, which involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those that may be projected by these forward-looking statements. These uncertainties have been de
Slide 3: Agenda
Agenda •Our track record on performance •Overall Market Opportunity •Our Strategy •Key Highlights Public © confidential 3
Slide 4: Our track record on performance
Our track record on performance Public © confidential 4
Slide 5: Growth in IT Services business
Growth in IT Services business IT Services Revenue ($M) $7,705 $7,895 $8,120 $8,253 $8,137 $7,082 $7,346 $6,218 $6,618 $5,921 $5,221 $4,323 $4,390 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 IT Services Business ha
Slide 6: Q4'21 Revenue Distribution – Diversified Portfolio
Q4’21 Revenue Distribution – Diversified Portfolio Revenue Mix Strategic Market Unit Mix Revenue Contribution 29.2 29.3 28.4 13.1 Top Customer 3.1% Top 5 Customers 12.2% Americas 1 Americas 2 Europe APMEA Top 10 Customers 19.5% Customer Metrics* Global Business Line Mix Customers > $100M 11 56.8 43.
Slide 7: Overall market opportunity
Overall market opportunity Public © confidential 7
Slide 8: Global Market Size
Global Market Size 147 150 India’s offshore IT & BPO exports ($B) 137 126 117 108 99 88 76 59 69 47 48 40 31 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 CAGR of 11% 1. The growth is driven by increased demand for digital transformation and infrastructure modernization
Slide 9: Our strategy
Our strategy Public © confidential 9
Slide 10: Our Vision
Our Vision • Be a trusted partner to our clients in their transformation journey and enable them to achieve leadership and outstanding business outcomes. • Deliver industry-leading value to our clients through sector focused ‘Business solutions’, digital capabilities, leading-edge innovation leverag
Slide 11: Five Strategic Priorities
Five Strategic Priorities 01 Accelerate growth Focus & scale 04 Build talent @ scale • Ambitious program to hire • Prioritized sectors & markets deep domain & tech expertise • Best of Wipro to our clients • Reskilling @ scale • Diverse and Local • Reinforce a ‘high 02 Strengthen clients performance’
Slide 12: Business transformation powered by technology
Business Speed is the new efficiency transformation We are moving to an age where models, systems and tools dynamically adapt to market pressures and opportunities. This transformation is driven by powered by technology enabled acceleration. technology. The intelligent enterprise is powered by the n
Slide 13: A simplified operating model accelerates delivery
A simplified operating model accelerates delivery Sectors organized by markets "Where clients are" Horizontals organized by capabilities Americas Americas Europe APMEA "Where client delivery resides" 1 2 Integrated Digital, Engineering & Application Services (iDEAS) 1 Organized across 2 Global busin
Slide 14: Education, Ecology, Community care highlights
Education, Ecology, Community care highlights Ecology Education Community Care • Systemic Reforms: Supported 124 • Supported more than 6,000 people • 43% of electricity from organizations working towards that were affected by natural Renewable sources systemic reforms through 125 disasters (cyclones
Slide 15: Building a Better World
Building a Better World We believe business fuels our purpose, and purpose fuels our business. That is why 66% of Wipro's economic interest is owned by the Azim Premji Foundation. Social Responsibility Business Responsibility Education Ecological Sustainability In the U.S and Canada, through our Min
Slide 16: Key highlights
Key highlights Public © confidential 16
Slide 17: Financial summary for the quarter ended March 31, 2021
Financial summary for the quarter ended March 31, 2021 All figures based on IFRS Q4’21 ( ₹ million) QoQ Growth YoY Growth IT Services Revenue 158,917 3.7% 3.9% IT Services Operating 33,398 0.4% 24.0% Income • IT Services Segment Revenue in dollar terms was $2,152.4 million. • IT Services Segment Rev
Slide 18: Other highlights for the quarter
Other highlights for the quarter • We closed 12 large deals resulting in a TCV of $1.4Bn • Customer count in >$100 Mn account moved from 10 to 11, > 75Mn moved from 24 to 27 and > 50Mn account moved from 38 to 40 in Q4’21 • Gross addition of 18,000+ employees which includes onboarding of more than 2
Slide 19: Outlook for quarter ending June 30, 2021
Outlook for quarter ending June 30, 2021 QoQ growth 8.0% to 10.0% We expect the revenue from our IT Services business to be in the range of $2,324 million to $2,367 million*, post completion of Capco acquisition This does not include revenue from our recently announced acquisitions of Ampion • Outlo
Slide 20: Thank You
Thank You Public © confidential 20
Slide 21: Reconciliation of selected GAAP measures to Non-GAAP measures (1/2)
Reconciliation of selected GAAP measures to Non-GAAP measures (1/2) Reconciliation of Gross Cash and Net Cash as of March 31, 2021 Amount in INR Mn Amount in $Mn 1 Computation of Gross Cash and Net Cash Cash & Cash Equivalents 169,793 2,321 Investments - Current 175,707 2,402 Gross Cash 345,500 4,72
Slide 22: Reconciliation of selected GAAP measures to Non-GAAP measures (2/2)
Reconciliation of selected GAAP measures to Non-GAAP measures (2/2) Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($M) Three Months ended March 31, 2021 IT Services Revenue as per IFRS $ 2,152.4 Effect of Foreign currency exchange movement $ (18.