Mastek Limited · NSE:MASTEK
Mastek — Q4 FY23 Earnings Presentation
39 slides from Mastek's earnings presentation, Apr 19, 2023
Slide 1: Board Meeting Outcome Letter to Stock Exchanges
SEC/08/2023-24 April 19, 2023 Listing Department Listing Department BSE Limited The National Stock Exchange of India Limited 25th Floor, Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street, Fort, Bandra Kurla Complex, Mumbai-400 001 Bandra (E), Mumbai – 400 051 Tel No. 022- 22723121
Slide 2: Press Release and Investor Presentation; Director Resignation
3. Press Release and Investor Presentation Please find enclosed herewith the “Press Release” and “Investor Presentation” with reference to the Annual Audited Consolidated and Standalone Financial Results of the Company for the Financial Year ended March 31, 2023. 4. Resignation of Ms. Priti Rao from
Slide 3: Press Release | Q4FY23
Trust. Value. Velocity. Press Release | Q4FY23
Slide 4: Q4FY23 revenue at Rs 709 crore, up 22.0% Y-o-Y
For Immediate Release Q4FY23 revenue at Rs 709 crore, up by 22.0% Y-o-Y • Operating revenue up by 7.7% Q-o-Q in rupee terms • PAT at Rs 72.6 crore; up 8.2% Q-o-Q • 12 months order backlog grew by 22.1% Y-o-Y • Proposed Final Dividend of 240% Mumbai, India 19th April 2023: Mastek, a Turnkey & Trusted
Slide 5: Review of Consolidated Financial Performance for Quarter ended 31st March 2023
For Immediate Release Review of the Consolidated Financial Performance for the Quarter ended 31st March 2023: Figures in Rs Crore Q4FY23 Q3FY23 Q-o-Q Growth Q4FY22 Y-o-Y Growth Total Income 708.8 664.7 6.6% 599.5 18.2% Revenue from Operations 709.2 658.7 7.7% 581.5 22.0% 5.3% (CC) 19.7% (CC) Operati
Slide 6: Cash Balance, Dividend and Key Wins for the Quarter
For Immediate Release • Cash Balance: The total cash, cash equivalents and fair value of Mutual Funds stood at Rs 270.0 crore as on 31st March, 2023 as compared to Rs 324.9 crore at the end of 31st December, 2022. We completed second tranche buyout of CCPS during the quarter. • Dividend: The Board o
Slide 7: Key wins and Awards & Recognitions
For Immediate Release • Mastek will execute the largest implementation of Warehouse 360 globally involving extensive implementation of 29 Oracle Cloud modules for a worldwide manufacturer of pressure sensitive film products to accelerate decision making through ERP integrated into manufacturing and
Slide 8: About Mastek
For Immediate Release About Mastek Mastek (NSE: MASTEK; BSE: 523704), is a Turnkey & Trusted Digital Engineering & Cloud Transformation Partner that delivers Innovative Solutions and Business Outcomes for clients in Healthcare & Life Sciences, Retail, Manufacturing, Financial Services, Government/Pu
Slide 9: Thank You
For Immediate Release Thank You T Thank You Trust. Value. Velocity. _________________________________________________________________________________ 7 of 7
Slide 10: Investor Presentation Q4FY23 April 2023
INVESTOR PRESENTATION Q4FY23 19 April 2023 Presented by: Hiral Chandrana | Global Chief Executive Officer, Mastek Arun Agarwal | Global Chief Financial Officer, Mastek
Slide 11: Table of Contents
Table of Contents 01 02 03 04 05 Highlights Financial & Key Wins for Acquisition Strategic of the Operational the Quarter Update Priorities Quarter Performance Investor Presentation | Earning Deck Company Confidential © Mastek 2023. All rights reserved | 2
Slide 12: Highlights of the Quarter
Mastek*@ Trust. Value. Velocity HIGHLIGHTS OF THE QUARTER —
Slide 13: Highlights of Q4FY23
HIGHLIGHTS OF Q4FY23 Revenue Growth Operating EBITDA (Q4) 12month Order backlog Year-on-Year 22.0% Margin 17.7% Year-on-Year Growth (CC) 17.2% Q4FY23 revenue at Q4FY23 Op. EBITDA 12 Months Order backlog at ₹ 709.2 Crore ₹ 125.5 Crore ₹ 1,794.1 Crore Revenue grew by Op. EBITDA grew by 12 months order
Slide 14: Key Achievements & Recognitions
KEY ACHIEVEMENTS & RECOGNITIONS Won ISG Digital Mastek Earned 2023 Mastek Limited Mastek named Case Study announced ‘Great Place to achieves CMMI in Dow Jones Awards 2022 for Strategic Work’ Level 5 Dev 2.0 Sustainability Healthcare & Partnership Certification in India and UK Indices (DJSI) Life Sci
Slide 15: Key Achievements & Recognitions – ISG Booming 15
KEY ACHIEVEMENTS & RECOGNITIONS – ISG BOOMING 15 Mastek named in ISG Top 15 Sourcing Standout Globally under 'Booming 15' category based on annual contract value (ACV) won over the last 12 months, according to the 1Q 2023 Global ISG Index™ Investor Presentation | Earning Deck Company Confidential ©
Slide 16: Financial & Operational Performance
FINANCIAL & OPERATIONAL PERFORMANCE
Slide 17: Financial Performance
FINANCIAL PERFORMANCE 800 23.5% 25.0% 21.9% 21.8% 700 21.1% 21.1% 21.1% 20.8% 19.2% 20.0% 17.3% 17.6% 17.3% 17.7% 600 17.2% 500 13.3% 13.8% 15.0% 15.6% 15.4% 15.1% 11.8% 15.0% 14.7% 400 15.7% 14.2% 13.6% 14.3% 11.6% 11.0% 10.0% 300 10.1% 10.2% 200 9.6% 9.7% 10.3% 5.0% 100 248 244 244 337 386 410 443
Slide 18: Consolidated Financial Highlights Q4FY23
CONSOLIDATED FINANCIAL HIGHLIGHTS Q4FY23 Comparison: Quarter-on-quarter & Year-on-year (Figures In ₹ Crore) Operating Operating EBITDA PAT & 12 Months Revenue & Margin (%) Margin (%) Order Backlog 20.8% 14.7% 17.3% 17.7% 10.1% 10.2% 1,469.1 1,705.8 1,794.1 581.5 658.7 709.2 120.7 113.7 125.5 88.2 67
Slide 19: Consolidated Financial Summary – Q4FY23
CONSOLIDATED FINANCIAL SUMMARY – Q4FY23 QoQ YoY Key Performance Metrics Q4FY23 Q3FY23 Q4FY22 Growth Growth Revenue from Operations ($mn) $86.3 $80.1 $77.2 5.3% (CC) 19.7% (CC) Revenue from Operations (₹ Crore) 709.2 658.7 581.5 7.7% 22.0% Revenue Other Income (₹ Crore) (0.4) 6.0 17.9 (106.8)% (102.3
Slide 20: Consolidated Financial Summary – FY23
CONSOLIDATED FINANCIAL SUMMARY – FY23 YoY Key Performance Metrics FY23 FY22 Growth Revenue from Operations ($mn) $318.1 $293.0 18.5% (CC) Revenue from Operations (₹ Crore) 2,563.4 2,183.8 17.4% Revenue Other Income (₹ Crore) 38.3 36.1 6.1% Total Income (₹ Crore) 2,601.7 2,219.9 17.2% Op. EBITDA 455.
Slide 21: Balance Sheet Metrics FY23 – Consolidated
BALANCE SHEET METRICS FY23 – CONSOLIDATED Figures In ₹ Crore Cash & Cash Equivalent Return on Equity# Return on Capital Employed# 25.6% 29.5% 20.7% 848.9 794.0 270.0 27.3% 33.6% 24.0% FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY22 FY23 The Cash & Cash Equivalents have declined during the year as a result o
Slide 22: Operating Metrics Q4FY23
OPERATING METRICS Q4FY23 Strengthening our business Q4FY23 Q3FY23 Q4FY22 New Clients Added 28 31 49 Active Client during the Quarter 464 444 450 Client Base Top 5 29.6% 28.1% 30.1% Top 10 40.6% 39.2% 43.1% No. of Clients with Annual Billing > USD 1mn 61 59 47 Total Employee 5,622 5,687 4,977 • Offsh
Slide 23: Revenue Analysis Q4FY23 – Consolidated
REVENUE ANALYSIS Q4FY23 – CONSOLIDATED Balancing Our Portfolio Revenue by Market Region* Revenue by Contract Type 4.9% 4.1% 4.3% 8.2% 9.2% 9.3% 18.4% 48.2% 46.5% 44.1% 27.8% 26.0% 68.5% 58.9% 60.4% 51.8% 53.5% 55.9% Q4FY22 Q3FY23 Q4FY23 Q4FY22 Q3FY23 Q4FY23 UK & Europe US ME ROW Time & Material Fixe
Slide 24: Operational Performance: Revenue by Industry Segments
OPERATIONAL PERFORMANCE Revenue By Industry Segments* Q4FY23 – Consolidated Q4FY23 43.0% 16.0% 13.1% 15.5% 12.4% Government & Education Health & Life Sciences ** Q3FY23 41.4% 16.2% 14.1% 16.1% 12.2% Retail/ Consumer Manufacturing & Technology Financial Services # Q4FY22 38.2% 22.8% 14.5% 12.9% 11.6%
Slide 25: Operational Performance: Revenue by Practice Line
OPERATIONAL PERFORMANCE Revenue By Practice Line* Q4FY23 – Consolidated Q4FY23 44.7% 28.9% 19.5% 6.9% Digital & Application Engineering Oracle Cloud & Enterprise Apps Q3FY23 43.5% 29.2% 21.7% 5.6% Digital Commerce & Experience Data, Automation and AI Q4FY22 40.8% 35.5% 11.2% 12.5% 0% 10% 20% 30% 40%
Slide 26: Key Wins for the Quarter
@ Mastek ® Trust. Value. Velocity KEY WINS FOR THE QUARTER —
Slide 27: Key Wins for the Quarter – Government
KEY WINS FOR THE QUARTER Government UK & Europe UK & Europe Americas AMEA Client A local authority of London responsible America’s largest township admeasuring for setting council tax, education, over 140 sq. miles and encompassing A local government authority in A ministerial department responsible
Slide 28: Key Wins for the Quarter – Manufacturing & Utilities
KEY WINS FOR THE QUARTER Manufacturing & Utilities UK & Europe Americas AMEA Client A worldwide manufacturer of pressure sensitive Australian multi-utility joint venture company, One of the largest water utility provider in UK film products or applications that include indoor providing utility servi
Slide 29: Key Wins for the Quarter – Financial Services & Retail
KEY WINS FOR THE QUARTER Financial Services & Retail Americas Americas AMEA Client No.1 toilet parts brand in the world, selling over A multinational corporation specializing in 100 million toilet products annually and largest payment card services headquartered in New York One of the leading automo
Slide 30: Key Wins for the Quarter – Healthcare
KEY WINS FOR THE QUARTER Healthcare Americas Americas AMEA Client A leading life sciences solutions provider offering reliable cold-chain sample management solutions A national provider of in-home healthcare services A Territory Eye specialist hospital in KSA and genomic services across areas such a
Slide 31: Acquisition Update
Mastek*@ Trust. Value. Velocity ACQUISITION UPDATE —
Slide 32: Mastek Will Leverage the MST Acquisition to Drive Key Strategies
MASTEK WILL LEVERAGE THE MST ACQUISITION TO DRIVE OUR KEY STRATEGIES Customer 360 Strong State & Local Salesforce Industry Front Office SF CX and Focus capabilities across Govt. and Hi-tech Solutions in Healthcare Enterprise Architecture Salesforce Clouds Clients Accelerated Growth in Deeper Account
Slide 33: Strengthening Healthcare Presence (Banner Health)
STRENGTHENING HEALTHCARE PRESENCE (BANNER HEALTH) ICP/ABM Targeted payers & payviders – technology leadership, org decision makers.. and their mothers. Targeted key Salesforce contacts. Leveraged sales & leadership to maximize outreach. Collaborated w/Corporate to extend exposure to their contact li
Slide 34: Strategic Priorities
Mastek*@ Trust. Value. Velocity STRATEGIC PRIOIRTIES —
Slide 35: Mastek Strategic Priorities
MASTEK STRATEGIC PRIORITIES Turnkey Digital Engineering & Cloud Transformation Partner Massive Untapped Continued Growth Differentiated Digital & Cloud Mastek Brand, M&A Opportunity in in UK Public Sector Talent and Delivery Services Innovation & ESG Americas EU, ME expansion model Strategic Partner
Slide 36: Strategic Big Bets FY'24
STRATEGIC BIG BETS FY’24 Mgd Services Cost take out larger deals Healthcare in Account Mining US/ME with Oracle/Cerner (Top 40 a/c & Salesforce globally) UK Secure Govt. Oracle & Growth Salesforce Channel Stage for Oracle Penetration Service Line Differentiation (Snowflake & AWS Cloud) Investor Pres
Slide 37: Non-Linear Impact – Platforms and IP
NON-LINEAR IMPACT – PLATFORMS AND IP Connected Enterprise Intellectual Property EWS - aaS WH360 - aaS Service Fraud Analytics Governance (with Volteo Edge) • Launch multi-tenanted • Launch multi-tenanted • Healthcare and Life • Manage Filing and • Financial Services, Retail version version Sciences,
Slide 38: Volteo Edge Case Study
VOLTEO EDGE CASE STUDY Volteo Helps T.D. Williamson Reduce Equipment Maintenance Costs The engagement is motivated by a shared goal to enable a fully configured IoT sensor-based data collection capability for the isolation segment. The resulting capability will enable TDW to streamline operations an
Slide 39: Thank You
THANK YOU This presentation contains information that may be privileged or confidential and is the property of Mastek. Copyright © 2022 Mastek. All rights reserved. Note: Except for the historical information and discussion contained herein, statements included in this release may constitute forward