Slide 1: Wipro Limited Investor Presentation
Wipro Limited Investor Presentation For the quarter ended September 30, 2023
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 ©
Slide 4: Our track record on performance
Our track record on performance ©
Slide 5: Growth in IT Services business
Growth in IT Services business $11,160 IT Services Revenue ($M) $10,356 $7,895 $8,120 $8,253 $8,137 $7,346 $7,705 $6,618 $7,082 $6,218 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 IT Services Business has grown at a CAGR of over 6.0% i
Slide 6: Q2'24 Revenue Distribution – Diversified Portfolio
Q2’24 Revenue Distribution – Diversified Portfolio Revenue Mix Strategic Market Unit Mix (%) Revenue Contribution 29.8 29.9 28.6 11.7 Top Customer 3.0% Top 5 Customers 12.3% Americas 1 Americas 2 Europe APMEA Top 10 Customers 20.6% Custom er Metrics* Revenue Mix (%) Customers > $100M 22 59.9 40.1 Cu
Slide 7: Overall market opportunity
Overall market opportunity ©
Slide 8: Global Market Size
Global Market Size 245 India’s offshore IT & BPO exports ($B) 178 147 152 126 137 99 108 117 88 76 59 69 47 48 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 CAGR of 13% in last 15 years 1. Indian IT services sector is expected to witness growth of 8.3% year-on-year in fi
Slide 9: Our strategy
Our strategy ©
Slide 10: Our vision.
AMBITIONS REALIZED Our vision. BE A TRUSTED PARTNER to our clients in their transformation journey and enable them in achieving leadership in their respective industries. ORCHESTRATE VALUE for our clients as part of their transformation journey through sector-focused ‘Business solutions’, ‘Digital’
Slide 11: Our ambition.
AMBITIONS REALIZED Our ambition. Be a fast- Be known for Be a true growing, attracting global leader dynamic, and top talent from in our industry innovative different company industries ©
Slide 12: Our five strategic priorities.
Our five strategic priorities. 01 Focus & scale Accelerate growth • Prioritized sectors & markets 04 Build talent @ scale • Building talent across domains, tech and sales roles • Best of Wipro to our clients • Up-skilling/Re-skilling @ scale • Diverse and Local 02 Strengthen clients • 5 Habits-led h
Slide 13: Key highlights
Key highlights ©
Slide 14: Financial summary for the quarter ended September 30, 2023
Financial summary for the quarter ended September 30, 2023 All figures based on IFRS Q2’24 ( ₹ million) QoQ Growth YoY Growth IT Services Revenue 223,958 -1.6% -0.6% IT Services Operating 36,058 -1.3% 6.2% Income • IT Services Segment Revenue in dollar terms was $2,713.3 million • IT Services Segmen
Slide 15: Other highlights for the quarter
Other highlights for the quarter • Total bookings was at $3.8 billion, up by 6% YoY • Large deal bookings was at $1.3 billion, up by 79.0% YoY • Operating cash flows at 145% of Net Income for the quarter was at ₹38.6 billion. Operating cash flows at 145% of net income • Voluntary attrition has conti
Slide 16: Outlook
Outlook for Quarter ending December 31, 2023 QoQ CC -3.5% to -1.5% We expect the revenue from our IT Services business segment to be in the range of $2,617 million to $2,672 million* *Outlook for the Quarter ending December 31, 2023, is based on the following exchange rates: GBP/USD at 1.26, Euro/US
Slide 17: Education, Ecology, Community care highlights
Education, Ecology, Community care highlights Ecology Education Community Care • School Education: Supported over • 5 active community ecology • 60% of total consumption from 68,000 children, 6,300 teachers projects Renewable energy through ~80 partner NGOs • Continue to support agroforestry • 37% o
Slide 18: Thank You
Thank You ©
Slide 19: Reconciliation of selected GAAP measures to Non-GAAP measures (1/2)
Reconciliation of selected GAAP measures to Non-GAAP measures (1/2) Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($Mn): Three Months ended September 30, 2023 IT Services Revenue as per IFRS $ 2,713.3 Effect of Foreign currency exchange movement
Slide 20: Reconciliation of selected GAAP measures to Non-GAAP measures (2/2)
Reconciliation of selected GAAP measures to Non-GAAP measures (2/2) Reconciliation of Free Cash Flow for three months and six months ended September 30, 2023 Amount in INR Mn Three months ended Six months ended September 30, 2023 September 30, 2023 Net Income for the period [A] 26,673 55,533 Computa