Ltm Limited · NSE:LTM

Ltm — Mindtree — Q2 FY23 Earnings Presentation

22 slides from Ltm's earnings presentation, October 2022

  1. Slide 1: Mindtree Investor Presentation & Factsheet for Q2 FY23

    Analyze Reimagine Transform Mindtree Investor Presentation & Factsheet for Q2 FY23

  2. Slide 2: Safe Harbor

    Safe Harbor This presentation may contain forward-looking statements, which involve risks and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. The conditions caused by the COVID-19 pandemic could decrease customer’s technology spen

  3. Slide 3: Company snapshot

    Company snapshot $1.7B 276 active clients As per Q2 FY23 run rate Leading digital transformation partner with a history of over Presence in two decades 38,200+ Mindtree Minds 24 countries 3

  4. Slide 4: Imperatives that drive our strategy

    Imperatives that drive our strategy Build on our existing Develop strategic relationships strengths and partnerships Enhance focus on key Continue to Simplify, growth opportunities Differentiate and Change 4

  5. Slide 5: Strategy for profitable growth

    Strategy for profitable growth INDUSTRY GROUPS SERVICE LINES GEOGRAPHIES RCM BFSI Retail, Consumer Banking, Customer Data and North UK Products & Financial Services Success Intelligence America and Ireland Manufacturing & Insurance Health Consulting TTH CMT Cloud Enterprise IT Continental APAC & Tra

  6. Slide 6: Q2 FY23 financial highlights

    Q2 FY23 financial highlights PROFITABLE GROWTH $422.1M 21.0% 19.1% 15.0% ₹30.8 Revenue EBITDA EBIT PAT EPS +27.4% YoY ROBUST ORDER BOOK STRONG PERFORMANCE RESILIENT BALANCE SHEET 5.7% QoQ and 20.6% YoY revenue growth $465M Cash & Cash Investment $518M 27% YoY EBIT growth +44% YoY 43.1% ROCE ₹508cror

  7. Slide 7: Strong performance for the quarter

    Strong performance for the quarter $422.1M $88.8M | 21.0% REVENUE EBITDA Q-o-Q 5.7%  Q-o-Q  5.5%  10 bps Y-o-Y 20.6%  Y-o-Y  23.7%  50bps 7.2% $ 80.8M | 19.1% ₹ 30.8 Q-o-Q CC Revenue EBIT Growth EPS Q-o-Q  5.5%  10 bps Q-o-Q 7.9%  Y-o-Y  27.0%  90 bps Y-o-Y 27.4%  7

  8. Slide 8: Q2 FY23 financials (USD in millions)

    Q2 FY23 financials (USD in millions)  5.7% Q-o-Q  5.5% Q-o-Q 399.3 422.1 88.8 84.2 REVENUE EBITDA 350.1 71.8 Q2 FY22 Q1 FY23 Q2 FY23 Q2 FY22 Q1 FY23 Q2 FY23  5.5% Q-o-Q  4.6% Q-o-Q 76.5 80.8 60.3 63.1 63.6 54.0 EBIT PAT Q2 FY22 Q1 FY23 Q2 FY23 Q2 FY22 Q1 FY23 Q2 FY23 8

  9. Slide 9: Q2 FY23 financials (INR in millions)

    Q2 FY23 financials (INR in millions)  8.9% Q-o-Q  8.8% Q-o-Q 34,004 7,157 31,211 REVENUE 6,581 EBITDA 25,862 5,307 Q2 FY22 Q1 FY23 Q2 FY23 Q2 FY22 Q1 FY23 Q2 FY23  8.8% Q-o-Q  7.9% Q-o-Q 6,506 5,982 5,087 4,716 EBIT PAT 4,697 3,989 Q2 FY22 Q1 FY23 Q2 FY23 Q2 FY22 Q1 FY23 Q2 FY23 9

  10. Slide 10: Revenue by Industry Groups

    Revenue by Industry Groups Industry Group Mix Q-o-Q Y-o-Y Q2 FY22 Q1 FY23 Q2 FY23 (Revenue %) USD Growth USD Growth BFSI 17.5 18.6 19.4 10.2%  33.3%  CMT 42.5 44.1 43.5 4.3%  23.3%  RCM 25.4 19.8 18.6 0.8%  11.5%  TTH 13.5 15.4 15.9 8.8%  41.9%  HCARE 1.1 2.0 2.6 34.9%  195.1%  10

  11. Slide 11: Revenue by Service Lines and Geographies

    Revenue by Service Lines and Geographies Q-o-Q Y-o-Y Service Lines Mix (Revenue %) Q2 FY22 Q1 FY23 Q2 FY23 USD Growth USD Growth Customer Success 43.2 40.8 40.7 5.5 %  13.7%  Data & Intelligence 14.3 15.9 16.1 6.6%  35.0%  Cloud 18.7 19.5 20.3 9.9%  31.2%  Enterprise IT 23.8 23.8 22.9 1.9%  1

  12. Slide 12: Client composition

    Client composition CLIENT CONTRIBUTION TO REVENUE (%) TOTAL CONTRACT VALUE ($ in Millions) 570 Q2 FY22 Q1 FY23 Q2 FY23 518 58.2% 45.7% 59.0% 56.9% 37.0% 360 45.1% 45.0% 26.0% 35.7% 36.9% 26.3% 24.3% Q2 FY22 Q1 FY23 Q2 FY23 CLIENT METRICS Top Client Top 5 Clients Top 10 Clients Top 20 Clients Revenue

  13. Slide 13: Healthy deal wins – Mix of annuity and transformational

    Healthy deal wins – Mix of annuity and transformational A leading financial institution in Europe selected Mindtree A leading hyperscaler selected Mindtree to provide as its sole technology partner to accelerate digital multiyear managed cloud infrastructure and cybersecurity transformation spanning

  14. Slide 14: Awards and Recognitions

    Awards and Recognitions Named a Star Performer and a Major Contender in Named a Leader in the U.S. in ISG Provider Lens™ Everest Group’s Data and Analytics (D&A) Services report on Google Cloud Partner Ecosystem 2022 PEAK Matrix® Assessment 2022. Named by Great Place to Work® Institute as one of for

  15. Slide 15: Employee metrics

    Employee metrics WORK ETHOS Delivering Anchored by LEARNING CARING Ambitious PURPOSE with Curiosity for People RESULTS Q2 FY22 Q1 FY23 Q2 FY23 >3,100 Total Mindtree Minds 45,000 Attrition (Last Twelve Months) 28.0% 40,000 Software professionals 28,218 35,375 36,092 24.0% Gross addition in 35,000 24.

  16. Slide 16: Employee metrics

    Employee metrics UTILIZATION 82.9% Certified by Great Place to Work® Institute as one 81.2% 80.7% of India’s Best Workplaces™ for Women for the second consecutive year Q2 FY22 Q1 FY23 Q2 FY23 EFFORT MIX EMPLOYEE ENGAGEMENT Location % Q2 FY22 Q1 FY23 Q2 FY23 “One-size-fits-one” employee engagement an

  17. Slide 17: Key financials and other metrics

    Key financials and other metrics Free Cash Flow Cash and Investment Cash Flow (₹ millions) 39,466 37,900 63 27,940 DSO (days) 50 50 2,791 3,997 2,776 Q2 FY22 Q1 FY23 Q2 FY23 Q2 FY22 Q1 FY23 Q2 FY23 EPS Diluted (₹ per share) 30.8 43.1 28.6 41.7 41.3 24.2 ROCE (%) Q2 FY22 Q1 FY23 Q2 FY23 Q2 FY22 Q1 FY

  18. Slide 18: Hedge position and INR-USD rate

    Hedge position and INR-USD rate Value Total hedges $1,867M $2,006M outstanding in USD Cash flow Avg. rate ₹83.89 forward contracts $139M Fair Value Forward Contracts Rupee Dollar Rate Q2 FY22 Q1 FY23 Q2 FY23 Period closing rate 74.16 78.95 81.51 Period average rate 73.87 78.16 80.57 18

  19. Slide 19: Other Financial Metrics

    Other Financial Metrics @ Mindtree

  20. Slide 20: Half year performance

    Half year performance  24.3% H1-o-H1  28.4% H1-o-H1 EBITDA ($ M & %) 173.0 REVENUE ($ M) 821.4 660.6 134.8 20.4% 21.1% H1 FY22 H1 FY23 H1 FY22 H1 FY23  32.6% H1-o-H1  22.8% H1-o-H1 EBIT ($ M & %) PAT ($ M & %) 157.3 123.4 118.6 100.5 18.0% 19.1% 15.2% 15.0% H1 FY22 H1 FY23 H1 FY22 H1 FY23 20

  21. Slide 21: Half year performance

    Half year performance Industry Service Lines Geography Mix Group Mix H1 FY22 H1 FY23 Mix* H1 FY22 H1 FY23 H1 FY22 H1 FY23 (Revenue %) (Revenue %) (Revenue %) BFSI 17.8 19.0 Customer North 41.7 40.8 74.6 77.4 Success America CMT 44.0 43.8 Data & Continental 14.7 16.0 8.7 7.3 Intelligence Europe RCM 2

  22. Slide 22: @ Mindtree

    @ Mindtree ~~ ALarsen & Toubro Grou ip Company | Welcome to possible

Mindtree — Q2 FY23 Earnings Presentation on 6ix