Slide 1: Filing cover letter to BSE and NSE
25 April 2024 BSE Limited National Stock Exchange of India Ltd PJ Towers, 25th Floor, Exchange Plaza, Dalal Street Bandra-Kurla Complex, Bandra(E) Mumbai 400001. Mumbai-400 051. Scrip Code: 532175 Scrip Code: CYIENT Dear Sir, Sub: Investor Presentation for the quarter and year ended 31 March 2024 Pl
Slide 2: Investor Presentation Q4 FY24 & FY24
INVESTOR PRESENTATION Q4 FY24 & FY24
Slide 3: Confidentiality Statement
Confidentiality Statement The information shared herein is strictly confidential, proprietary and unique to the company. It is only made and shared for the purpose and extent it is intended for and no other. Usage or sharing of the said information in any form, directly or indirectly and in any mann
Slide 4: Leadership Team
Leadership Team KRISHNA BODANAPU KARTHIK NATARAJAN PRABHAKAR ATLA Executive Vice-Chairman & Executive Director & CEO President & CFO Managing Director © CYIENT 2024 | Confidential 3
Slide 5: Business Highlights
Business Highlights Financial Highlights DET Business Update • Business Highlights for • DET (Digital, Engineering & • BU performance the Group Technology) • Business Outlook • Group • Innovative Technology Solutions and Programs Annexures © CYIENT 2024 | Confidential 4
Slide 6: Business Highlights for the Group
Business Highlights Financial Highlights DET Business Update • Business Highlights for • DET (Digital, Engineering & • BU performance the Group Technology) • Business Outlook • Group • Innovative Technology Solutions and Programs Annexures © CYIENT 2024 | Confidential 5
Slide 7: Business Highlights for the Quarter
Business Highlights for the Quarter Cyient + Deutsche Aircraft Cyient + Airbus Leader across eight verticals in Zinnov Zones • Strategic partnership with Deutsche • Signed a multi-year services agreement • Zinnov Zones is an annual rating and Aircraft, a German original equipment with Airbus for Cab
Slide 8: Financial Highlights
Business Highlights Financial Highlights DET Business Update • Business Highlights for • DET (Digital, Engineering & • BU performance the Group Technology) • Business Outlook • Group • Innovative Technology Solutions and Programs Annexures © CYIENT 2024 | Confidential 7
Slide 9: Glossary
Glossary • Cyient Group Business Segments: • Cyient DET: Digital, Engineering & Technology • Cyient DLM • Cyient Others^ • Cyient DET: Consolidated Services + Engineering Parts business* • Transportation: Aerospace + Rail Transportation • Connectivity: Communications • Sustainability: Mining, Energy
Slide 10: Financial Highlights for the Quarter | DET
Financial Highlights for the Quarter | DET 179.3M$ 1,489cr₹ 16% Revenue ($) Revenue (₹) EBIT^ -0.5% cc QoQ | +1.8% cc YoY -0.1% QoQ | +2.8% YoY +2 bps QoQ | +90 bps YoY 173Cr₹ 15.79₹ 232cr₹ PAT^ EPS^ FCF +0.4% QoQ | +9.1% YoY +0.3% QoQ | +8.7% YoY +20.6% QoQ | +25.6% YoY ^EBIT, PAT and EPS for previ
Slide 11: Financial highlights for the Year | DET
Financial highlights for the Year | DET 713.9M$ 5,911cr₹ 16.1% Revenue ($) Revenue (₹) EBIT^ +12.6% cc YoY +16.0% YoY +246 bps YoY 689Cr₹ 62.84₹ 754cr₹ PAT^ EPS^ FCF +31.6% YoY +31.1% YoY +71.4% YoY ^EBIT, PAT and EPS exclude the impact of exceptional item © CYIENT 2024 | Confidential 10
Slide 12: Financial highlights for the Quarter | Group
Financial highlights for the Quarter | Group 224M$ 1,861cr₹ 14.4% Revenue ($) Revenue (₹) EBIT^ +5.3% cc YoY +6.2% YoY +16 bps YoY 189Cr₹ 17.22₹ 357cr₹ PAT^ EPS^ FCF +7.5% YoY +7.1% YoY +45.5% YoY ^EBIT, PAT and EPS for previous periods exclude the impact of exceptional item © CYIENT 2024 | Confiden
Slide 13: Financial highlights for the Year | Group
Financial highlights for the Year | Group 863M$ 7,147cr₹ 14.5% Revenue ($) Revenue (₹) EBIT^ +15.6% cc YoY +18.8% YoY +173 bps YoY 735Cr₹ 66.97₹ 648cr₹ PAT^ EPS^ FCF +30% YoY +29.6% YoY +32.6% YoY ^EBIT, PAT and EPS exclude the impact of exceptional item © CYIENT 2024 | Confidential 12
Slide 14: Significant progress on Key parameters | DET
Significant progress on Key parameters | DET FY23 66 DJSI score ESG Best in class YoY improvement, FY24 72 We now support over 21,000 underprivileged children FCF FY23 93.1% of PAT Cash focus 71.4% YoY growth in DET FCF, conversion* FY24 118.3% of PAT leveraged to retire debt proactively D/E FY23 0.
Slide 15: DET Business Update
Business Highlights Financial Highlights DET Business Update • Business Highlights for • DET (Digital, Engineering & • BU performance the Group Technology) • Business Outlook • Group • Innovative Technology Solutions and Programs Annexures © CYIENT 2024 | Confidential 14
Slide 16: BU performance for the Quarter
BU performance for the Quarter Revenue US$ Mn Q4 FY24 QoQ (cc) QoQ ($) YoY (cc) YoY ($) Transportation 53.1 -1.5% -1.2% 2.1% 2.2% Connectivity 40.7 -2.3% -1.4% -12.3% -12.3% Sustainability 54.1 0.7% 1.7% 19.3% 19.2% New Growth Areas 31.3 1.2% 1.6% -3.3% -3.1% DET 179.3 -0.5% 0.1% 1.8% 1.8% Order Int
Slide 17: BU performance for the Year
BU performance for the Year Revenue US$ Mn FY24 YoY (cc) YoY ($) Transportation 216.0 14.5% 14.4% Connectivity 169.0 -7.1% -6.8% Sustainability 204.1 45.6% 46.4% New Growth Areas 124.8 1.5% 1.8% DET 713.9 12.6% 12.9% Order Intake (US$ Mn) Particulars FY24 YoY DET 902.2 25.2% ^ Note: The Order Intake
Slide 18: Business Performance and Outlook
BUSINESS PERFORMANCE and OUTLOOK 17
Slide 19: Business performance and Outlook
Business performance and Outlook Adaptability and strategic responsiveness to emerging trends while actively pursuing profitability and optimizing costs has made global engineering R&D spending maintained an upward trajectory. Inspite of high interest rates, geopolitical uncertainties, ER&D services
Slide 20: Innovative Technology Solutions and Programs
Innovative Technology Solutions and Programs Trends Technology Solutions / Programs Autonomous Systems & Design and Develop Autonomous, Software defined systems to improve safety. Aftermarket kit for scaling the Processes solutions Intelligent & Connected Building an intelligent smart meter edge com
Slide 21: Outlook
Outlook • For FY25, we expect high single digit DET revenue growth YoY in constant currency terms • We expect FY25 DET EBIT margins to be in the range of 16% © CYIENT 2024 | Confidential 20
Slide 22: About Cyient
About Cyient Cyient (Estd: 1991, NSE: CYIENT) partners with over 300 customers, including 40% of the top 100 global innovators, to deliver intelligent engineering and technology solutions for creating a digital, autonomous, and sustainable future. As a company, Cyient is committed to designing a cul
Slide 23: Disclaimer
Disclaimer All the references to Cyient’s financial results in this update pertain to the company’s consolidated operations comprising: Wholly-owned and step down subsidiaries: Cyient Europe Limited; Cyient Inc.; Cyient GmbH; Cyient Australia Pty Ltd; Cyient Singapore Private Limited; Cyient KK; Cyi
Slide 24: Connect With Us
#DesigningTomorrowTogether Connect www.cyient.com With Us Follow us on © CYIENT 2024 | Confidential 23
Slide 25: Annexure
INVESTOR PRESENTATION ANNEXURE Q4 FY24 & FY24
Slide 26: Message from the Management
Message from the Management Commenting on the results, Mr. Krishna Bodanapu, Executive Vice Chairman and Managing Director, said “This year has been a very exciting and a momentous one for the Cyient Group in terms of delivering a balanced performance around growth and profitability, executing key i
Slide 27: Message from the Management
Message from the Management Commenting on the results, Mr. Prabhakar Atla, President and Chief Financial Officer, said, “For Q4 FY24, DET revenues stood at US$ 179.3 Mn, a de-growth of 0.5% QoQ in cc, while our EBIT stayed intact at 16% compared to previous quarter. DET PAT grew 9.1% YoY to Rs 173 C
Slide 28: Glossary
Glossary • Cyient Group Business Segments: • Cyient DET: Digital, Engineering & Technology • Cyient DLM • Cyient Others^ • Cyient DET: Consolidated Services + Engineering Parts business* • Transportation: Aerospace + Rail Transportation • Connectivity: Communications • Sustainability: Mining, Energy
Slide 29: DET Metrics
DET METRICS 5
Slide 30: Income Statement | DET
Income Statement | DET DET Income Statement ₹ Mn Q4 FY24 Q3 FY24 Q4 FY23 FY24 FY23 Operating Revenue ($ Mn) 179.3 179.2 176.2 713.9 632.4 Operating Revenue (₹ Mn) 14,892 14,914 14,489 59,114 50,957 Cost of Revenue 8,965 8,954 8,381 35,502 29,720 Gross profit 5,927 5,961 6,108 23,613 21,237 Gross mar
Slide 31: Other Income | DET
Other Income | DET Other Income (₹ Mn) DET Q4 FY24 Q3 FY24 Q4 FY23 FY24 FY23 Income from Investments 80 64 53 300 290 Realised gains/(losses) on Fwd Contracts 70 -9 -47 -5 159 Unrealised Fx gains/(losses) -46 165 -89 157 42 Others 48 -125 101 -70 260 Total 151 94 18 381 750 © CYIENT 2024 | Confident
Slide 32: Cash Generation | DET
Cash Generation | DET Cash Flow Summary (₹ Mn) DET Q4 FY24 Q3 FY24 Q4 FY23 FY24 FY23 Profit before tax (Reported) 2,278 1,744 1,797 8,321 6,139 (+/-) Non-cash & non-operating items 793 911 795 3,376 2,991 Operating profit before WC changes 3,071 2,655 2,592 11,697 9,130 (+/-) DSO Movement (Receivabl
Slide 33: Cash Position for the Quarter | DET
Cash Position for the Quarter | DET Cash Position (₹ Mn) DET Q4 FY24 Q3 FY24 Q4 FY23 Cash & Cash Equivalent including treasury investments 7,312 8,171 9,096 Cash & Bank balances 4,108 4,948 5,171 Investments in FDs 361 506 347 Investment in MFs and Commercial Papers 656 647 1,290 Other treasury inve
Slide 34: Other Metrics | DET (1/2)
Other Metrics | DET (1/2) Revenue by Geography (%) DET Q4 FY24 Q3 FY24 Q4 FY23 FY24 FY23 Americas 43.7% 43.9% 46.0% 43.5% 49.2% Europe, Middle East, Africa 36.2% 35.0% 34.4% 34.7% 29.7% Asia Pacific (including India) 20.1% 21.1% 19.6% 21.7% 21.1% Revenue by Currency (%) DET Q4 FY24 Q3 FY24 Q4 FY23 F
Slide 35: Other Metrics | DET (2/2)
Other Metrics | DET (2/2) Employees DET Q4 FY24 Q3 FY24 Q4 FY23 Total Headcount 15,461 15,678 15,172 Technical & Pool 14,274 14,519 14,263 Non-Technical 538 505 372 Support 649 654 537 Voluntary Attrition (LTM) 17.1% 18.4% 25.7% No. of Million $ Clients DET Q4 FY24 Q3 FY24 Q4 FY23 20 Mn+ 6 6 7 10 Mn
Slide 36: Group Balance Sheet & Income Statement
Group Balance Sheet & Income Statement 12
Slide 37: Balance Sheet Extract | Group
Balance Sheet Extract | Group Group Balance Sheet ₹ Mn Q4 FY24 Q3 FY24 Q4 FY23 Exchange Rate (₹/$) Q4 FY24 Q3 FY24 Q4 FY23 FY24 FY23 EQUITY AND LIABILITIES Average 83.05 83.24 82.23 82.80 80.61 Shareholders’ funds Closing 83.35 83.14 82.10 83.35 82.10 - Share capital 555 554 553 - Other equity and N
Slide 38: Income Statement | Group
Income Statement | Group Group Income Statement ₹ Mn Q4 FY24 Q3 FY24 Q4 FY23 FY24 FY23 Operating Revenue ($ Mn) 224.0 218.8 213.0 863.0 746.3 Operating Revenue (₹ Mn) 18,607 18,215 17,514 71,472 60,159 Cost of Revenue 12,056 11,759 10,856 45,944 37,415 Gross profit 6,551 6,456 6,657 25,528 22,743 Gr
Slide 39: About Cyient
About Cyient Cyient (Estd: 1991, NSE: CYIENT) partners with over 300 customers, including 40% of the top 100 global innovators, to deliver intelligent engineering and technology solutions for creating a digital, autonomous, and sustainable future. As a company, Cyient is committed to designing a cul
Slide 40: Disclaimer
Disclaimer All the references to Cyient’s financial results in this update pertain to the company’s consolidated operations comprising: Wholly-owned and step down subsidiaries: Cyient Europe Limited; Cyient Inc.; Cyient GmbH; Cyient Australia Pty Ltd; Cyient Singapore Private Limited; Cyient KK; Cyi
Slide 41: Connect With Us
#DesigningTomorrowTogether Connect www.cyient.com With Us Follow us on © CYIENT 2024 | Confidential 17