Slide 1: Exchange filing cover letter
zensarTM Date: October 17, 2023 BSE Limited The National Stock Exchange of India Ltd. Corporate Service Department, Exchange Plaza, 03rd floor, 01st Floor, P. J. Towers, Plot No. C/1, ‘G’ block, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai 400 001 Mumbai 400 051 Fax: (022) 2272 2039/2272 3
Slide 2: Press release: Q2FY24 results
zensarT M Zensar reports 0.6% sequential QoQ revenue growth. PAT growth of 130 basis points for Q2FY24 Pune. India. October 17, 2023: Zensar Technologies, a leading experience engineering and technology solutions company, announced its consolidated financial results for its second quarter, ending Se
Slide 3: Significant wins and awards in Q2FY24
zensarTM Significant Wins in Q2FY24: • Application transformation, development, and support, including RPA, data analytics, Al, and ML, for a US-based multinational digital communications technology conglomerate • Leveraging multi-tenant technology with Advanced Engineering Services for a US-based c
Slide 4: Safe Harbor
zensarTM looking statements that set out anticipated results based on the management's plans and assumptions. However, the same are subject to risks and uncertainties, including, but not limited to, our ability to manage growth; fluctuations in earnings/exchange rates; intense competition in IT serv
Slide 5: Zensar reports 0.6% sequential revenue growth
zensarT M Zensar reports 0.6% sequential QoQ revenue growth, PAT growth of 130 basis points for Q2FY24 Pune, India, October 17, 2023: Zensar Technologies. a leading experience engineering and technology solutions company, announced its consolidated financial results for its second quarter, ending Se
Slide 6: Significant Wins in Q2FY24
zensarT M Significant Wins in Q2FY24: • Application transformation, development, and support, including RPA, data analytics, Al, and ML, for a US-based multinational digital communications technology conglomerate • Leveraging multi-tenant technology with Advanced Engineering Services for a US-based
Slide 7: Q2FY24 Revenue and Profitability snapshot
zensarT M Q2FY24 Revenue and Profitability snapshot: Q2FY24 Growth Particulars Q-o-Q Y-o-Y USD Mn INR Mn USD INR CC USD INR CC Revenue 150.2 12,408 0.6% 1.1% 0.2% -3.1% 0.5% -3.4% EBITDA 27.9 2,309 -0.3% 0.4% 111.4% 118.9% EBIT 23.5 1,944 2.8% 3.5% 234.6% 245.5% PAT 21.0 1,739 10.6% 11.3% 196.1% 206
Slide 8: Income Statement (USD Mn)
zensarT M Income Statement (USD Mn) ·---- Income Statement (USD Mn) Operating revenue Sequential Growth Year-Over-Year Growth Q2 FY 23 155.0 -0.5% 9.3% FY23 604.2 6.1% Q1 FY 24 149.3 1.3% -4.2% Q2 FY 24 150.2 0.6% -3.1% Cost of revenue 115.8 436.6 99.1 102.4 Gross profit 39.2 167.6 50.2 47.7 Gross p
Slide 9: Income Statement (INR Mn)
zensarT M Income Statement (INR Mn) ·---- Operating revenue Income Statement (INR Mn) Sequential Growth Year-Over-Year Growth Q2 FY 23 12,346 2.6% 17.5% FY 23 48,482 14.2% Q1 FY 24 12,272 1.2% 2.0% Q2 FY 24 12,408 1.1% 0.5% Cost of revenue 9,218 35,000 8,146 8,463 Gross profit 3,129 13,482 4,126 3,9
Slide 10: Other Metrics
zensarT M Other Metrics Other Metrics Q2 FY 23 FY 23 Q1 FY 24 Q2 FY 24 Revenue By Service Offering (as % of Revenue) Digital Application Services 80.0% 81.4% 81.7% 81.8% Application Services + Enterprise Application (SaaS) 47.9% 49.1% 47.9% 47.8% Advanced Engineering Services 13.7% 13.7% 15.4% 16.5%
Slide 11: Other Metrics
zensarT M Other Metrics Q2 FY 23 FY 23 Q1 FY 24 Q2 FY 24 Revenue from top clients Revenue- top 5 clients 34.6% 33.2% 34.0% 31.5% Revenue- top 10 clients 45.5% 44.6% 45.2% 42.2% Revenue- top 20 clients 60.7% 60.8% 61.7% 58.3% Number of active clients 146 148 147 148 Onsite:Offshore (as % of Revenue)
Slide 12: About Zensar
zensarT M About Zensar (www.zensar.com) We conceptualize, build, and manage digital products through experience design, data engineering, and advanced analytics for 145+ global clients. Our solutions leverage industry-leading platforms and help clients be competitive, agile, and disruptive as they n
Slide 13: zensarT M
zensarT M The results of these assumptions made relying on available internal and external information are the basis for determining the carrying values of certain assets and liabilities. Since the factors underlying these assumptions are subject to change over time, the estimates on which they are
Slide 14: Analyst Presentation
zensar Analyst Presentation Quarter ending September 30, 2023 Zensar Technologies Ltd. An ~»RPG Company
Slide 15: Safe Harbor
Safe Harbor Certain statements in this release concerning our future prospects are forward-looking statements which involve a number of underlying identified/non identified risks and uncertainties that could cause actual results to differ materially. This release and other statements - written and o
Slide 16: Q2FY24 snapshot
Q2FY24 snapshot Total revenue EBITDA% Services Revenue $150.2M 18.6% 0.2% QoQ CC t 10 bps ~ $149.SM 0.1% QoQ CC t PAT% Cash 14.0% $227.1M 130 bps t $6.7M ~ ~ 10,330 Headcount Wins $194.SM www.zensar.com | © Zensar Technologies 2023 | Page 3 #AnewZensar
Slide 17: Vertical and Geography performance
Vertical and Geography performance Vertical highlights Geography highlights HTE BFSI MCS HLS USA UK/EU South Africa -8.3% 3.0% 6.7% -1.7% -4.3% 11.3% 7.9% OoOcc OoOcc OoOcc OoOcc OoOcc OoOcc OoOcc 27.1% 37.4% 25.9% 9.6% 66.2% 21.6% 12.2% 02 FY24 revenue 02 FY24 revenue 02 FY24 revenue 02 FY24 revenu
Slide 18: Revenue and margin walk
Revenue and margin walk Revenue walk (in $M) Services revenue - 149.3M 0.5M -3.7M 2.4M -0.2M 0.2M 150.2M 1.6M Exchange HTE Passthrough BFSI MCS HLS Q1FY24 Impact Q2FY24 EBITDA walk (in% of revenue) 18.7% 0.3% 0.5% - -2.7% 1.7% 0.0% 18.6% Exchange impact Volume and Higher cost SG&A SG&A exchange Q1FY
Slide 19: Client and Revenue mix
Client and Revenue mix 29 29 28 Q1FY24 Q2FY24 14 14 Q2FY23 13 Q1FY24 Q2FY24 Client mix Q2FY23 4 4 3 ~ Q2FY24 1 Q2FY23 ~ I $20M+ $10M+ $SM+ Q2FY23 34.6% Q2FY23 45.5% Q2FY23 60.7% Revenue mix Q1FY24 34.0% Q1FY24 45.2% Q1FY24 61.7% (% of total revenue) Q2FY24 31.5% Q2FY24 42.2% Q2FY24 58.3% Top 5 Clien
Slide 20: Win momentum continues: Notable projects
Win momentum continues: Notable projects Cyber Security service for UK's leading integrated downstream End to end Digital transformation for a energy company Leading Trading organization Provided Multi-Tenant Technology to Infrastructure assessment and World's leading insurance broker and implementa
Slide 21: Case studies: Next-generation services bring business value
Case studies: Next-generation services bring business value IT Infrastructure Assessment for a South Global 24x7 support across 41 countries Zensar Designed & implemented Africa based leading Insurance Services for leading immigration and mobility firm prioritization Engine for a top Hitech firm Com
Slide 22: Leadership structure
Leadership structure Manish Tandon CEO and MD Vivek Ranjan Vijayasimha Alilughatta Sachin Zute Harish Lala Nachiketa Mitra Sr VP & CHRO Chief Operating Officer Sr VP & CFO Exec VP & Head, South Africa Exec VP & Head, Global BFSI Chaitanya Rajebahadur Anup Rege Rajat Sharma Sandy Sharma Manikandesh E
Slide 23: ESG initiatives
ESG initiatives Environment Social Governance Carbon emissions: Net-zero GHG Happiness: Sustain Happiness Index Governance & compliance: emissions by FY 40 (Scope 1 and 2) Score at 82 or more • 100% compliance for code of conduct Energy consumption: 50% reduction Diversity and inclusion: Create a ge
Slide 24: Zensar's stock price and shareholding pattern
Zensar's stock price and shareholding pattern 25 Share Price Volume 525 20 475 (/) a:::: 425 15 C 0 z 375 ~ 325 10 275 5 225 175 0 30-Sep-22 31-Oct-22 30-Nov-22 31-Dec-22 31-Jan-23 28-Feb-23 31-Mar-23 30-Apr-23 31-May-23 30-Jun-23 31-Jul-23 31-Aug-23 30-Sep-23 Shareholding Pattern Equity Share Infor
Slide 25: RPG Group Update
RPG Group Update
Slide 26: RPG Group key financials
RPG Group key financials Revenue FY19-23 CAGR 8.3% - Gross Total Income (In Cr.) - EBITDA (In Cr.) - PAT (INR Cr.) 35,456 29,207 26,269 24,682 23,833 - - - - - 2,423 2,594 3,006 2,520 2,642 1,099 1,111 1,377 966 863 FY19 FY20 FY21 FY22 FY23 www.zensar.com | © Zensar Technologies 2023 | Page 13 #Anew
Slide 27: RPG Group key financials
RPG Group key financials Net Worth (INR Cr.) • ROE • ROCE 10,364 11,047 9,786 8,441 7,775 -------- -------- --------- =- - - -- -- -- FY19 FY20 FY21 FY22 FY23 Market Cap 41,297 - Group - CEAT - KEC - ZENSAR ....: () a:::: 17,032 z ,,.'--_____________.,. . ._____ , ...__,r,,.,.,,--=::~--=- ...... - -
Slide 28: Thank You
zensar Thank You An ~»RPG Company