Slide 1: Performance for the Quarter & Year ended March 31, 2020
Performance for the Quarter & Year ended March 31, 2020 Jatin Dalal Chief Financial Officer Wipro Limited Public
Slide 2: Revenue growth- QoQ/ YoY
Revenue growth- QoQ/ YoY IT Services $ Revenue Mn Q4’20 FY’19 to FY’20 1. QoQ & YoY* growth on Constant Currency basis is 0.4% & 2.6% 1. YoY* growth on Constant Currency basis is 3.9% 2. Reported YoY growth after adjustment of divestments is 0.4% 2. Reported YoY growth after adjustment of divestment
Slide 3: Revenue growth- QoQ/ YoY
Revenue growth- QoQ/ YoY Q4’20 Gross Revenue in INR Mn FY’19 to FY’20 Public © 3
Slide 4: Operating Margin- QoQ/ YoY
Operating Margin- QoQ/ YoY Q4’20 IT Services Operating Margin FY’19 to FY’20 Public © 4
Slide 5: Operating Profit- QoQ/ YoY
Operating Profit- QoQ/ YoY Operating Profit (Wipro Ltd.) in INR Mn Q4’20 FY’19 to FY’20 Public © 5
Slide 6: Net Income- QoQ/ YoY
Net Income- QoQ/ YoY Q4’20 Net Income in INR Mn FY’19 to FY’20 Note: • The Effective Tax Rate for Q4’20 was 20.9% vs 20.0% in Q3’20 and 22.1% in Q4’19. For FY’20, ETR was 20.2% vs 21.9% in FY’19 Public © 6
Slide 7: Earnings per share- QoQ/ YoY
Earnings per share- QoQ/ YoY Earnings per share in INR Q4’20 FY’19 to FY’20 Public © 7
Slide 8: Cash Flow Metrics- QoQ/ YoY
Cash Flow Metrics- QoQ/ YoY Operating Cash flow in INR Mn Q4’20 FY’19 to FY’20 Operating Cash Flow is at 60.5% of Net Income Operating Cash Flow is at 103.5% of Net Income Public © 8
Slide 9: Cash Flow Metrics- QoQ/ YoY
Cash Flow Metrics- QoQ/ YoY Free Cash flow in INR Mn* Q4’20 FY’19 to FY’20 Free Cash Flow is at 37.3% of Net Income Free Cash Flow is at 80.7% of Net Income * Note on the Non-GAAP measures walk has been provided in the annexure Public © 9
Slide 10: Other highlights
Other highlights 1. EPS grew double digit by 11.2% YoY for the year 2. Added 5 accounts to the >$100mn+ bucket YoY 3. Voluntary Attrition on LTM basis has reduced to 14.7% 4. FPP mix at 63.2% for Q4’20 5. Offshore mix is at 48.2% for Q4’20 6. Digital is now at 41.2% of our revenue in Q4’20 Public ©
Slide 11: Outlook for quarter ending June 30, 2020
Outlook for quarter ending June 30, 2020 Due to the uncertainty around the course of the COVID-19 pandemic, we do not have visibility into the extent to which it will disrupt our operations, and we have decided to not provide revenue guidance for the quarter ending June 30, 2020. We anticipate that
Slide 12: Thank You
Thank You Public
Slide 13: Reconciliation of selected GAAP measures to Non-GAAP measures
Reconciliation of selected GAAP measures to Non-GAAP measures Reconciliation of gross cash as of March 31, 2020 Wipro Ltd and subsidiaries ( Amount in INR Crores) Computation of Gross Cash Cash & Cash Equivalents 14,449.9 Investments - Current 18,963.5 Total 33,413.4 Reconciliation of free cash flow
Slide 14: Reconciliation of selected GAAP measures to Non-GAAP measures
Reconciliation of selected GAAP measures to Non-GAAP measures Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($MN): Three Months ended March 31, 2020 IT Services Revenue as per IFRS $ 2,073.7 Effect of Foreign currency exchange movement $ 30.5 Non
Slide 15: Reconciliation of selected GAAP measures to Non-GAAP measures
Reconciliation of selected GAAP measures to Non-GAAP measures Reconciliation of Non-GAAP Adjusted IT Services Revenue to IT Services Revenue as per IFRS ($MN) Three Months ended March 31, 2019 IT Services Revenue as per IFRS $ 2,075.5 Effect of divestments $ (9.3) Adjusted IT Services Revenue $ 2,06