Slide 1: Submission letter to stock exchanges
Ref No.: OTL/Secretarial/SE/2024-25/76 Date: January 21, 2025 To, BSE Limited National Stock Exchange of India Ltd., Phiroz Jeejeebhoy Towers, Plot No. C/1 'G' Block Dalal Street, Mumbai – 400023 Bandra – Kurla Complex Bandra East, Mumbai 400051 Ref: Scrip Code - BSE: 517536 NSE: ONWARDTEC Sub.: Su
Slide 2: Earnings Presentation Q3 FY25
EARNINGS PRESENTATION Q3 FY25 21st January 2025
Slide 3: Disclaimer
Disclaimer This release may contain certain future prospects, which may be forward-looking statements. Forward-looking statements, by their nature, involve a number of risks and uncertainties that could cause actual results to differ materially from market expectations. These forward-looking stateme
Slide 4: Table of Contents
1 Onward Technologies At Glance 2 Table of Contents Future RoadMap 3 Financial Performance
Slide 5: Onward Technologies At Glance
01 Onward Technologies At Glance
Slide 6: Company at a glance
Company at a glance We are a global software outsourcing company specialized in advanced digital and ER&D services. CORPORATE FOCUSED ROBUST HIGHLIGHTS VERTICALS FINANCIALS 1991 IEHM 24% CAGR ₹ 123 Cr Industrial Equipment Revenue Established Revenue & Heavy Machinery (FY22 – FY24) 12 Global T&M 9-Ye
Slide 7: Key Highlights – Q3/9M FY25
Key Highlights – Q3/9M FY25 • 9M FY25 revenue growth of 2.8% YoY to ₹ 364.0 crore with EBITDA margin of 8.5% and PAT at ₹ 16.7 crore. • Q3 FY25 revenue growth of 8.2% YoY to ₹ 123.4 crore with EBITDA margin of 9.1%. • Continued to maintain momentum in its focused verticals in 9M FY25: • Industrial E
Slide 8: Focus Verticals and Business Lines
Focus Verticals and Business Lines BUSINESS LINES OF Digital Mechanical Embedded GROWTH & • Cloud & DevOps • New Product Design & • Platform Services - FOCUSED VERTICALS • Application Development Sustenance Hardware, Software & Re-engineering • Value Engineering • Connectivity Solutions Global softw
Slide 9: Future Roadmap
02 Future Roadmap
Slide 10: Future Roadmap
Future Roadmap Our Transformation Journey (2020 – 2024) Strategic Growth Plan (2024 and Beyond) • Established as a specialized Digital and Engineering R&D • Solid Foundation & Leadership: Leveraging our strong services entity. foundation and experienced leadership team to foster • Streamlined operat
Slide 11: Our Distinctive Strengths
Our Distinctive Strengths Design Thinking and Digital Transformation Committed to an exclusive focus on design thinking, digital transformation, and product engineering to drive innovation and success. Robust Processes and Specialized Tools Highlighting the use of field-tested processes and speciali
Slide 12: Business Outlook: FY25
Business Outlook: FY25 ₹ 490-510 Crore 9%-11% FY25 revenue FY25 EBITDA projection margin projection 9M FY25 revenue: ₹364 Crore 9M FY25 EBITDA margin: 8.5% 11
Slide 13: Financial Performance
03 Financial Performance
Slide 14: Consolidated Financial Summary – Q3/9M FY25
Consolidated Financial Summary – Q3/9M FY25 QoQ YoY YoY Particulars (in ₹ Crore) Q3 FY25 Q2 FY25 Q3 FY24 9M FY25 9M FY24 Growth Growth Growth Revenue from Operations 123.4 123.0 0.3% 114.1 8.2% 364.0 353.9 2.8% Other Income 1.1 1.6 (29.4%) 2.8 (59.4%) 4.5 4.5 - Total Revenue 124.5 124.6 (0.1%) 116.9
Slide 15: Consolidated Financial Summary – Q3 FY25
Consolidated Financial Summary – Q3 FY25 (ALL FIGURES IN ₹ CRORE) Revenue from Operations EBITDA & EBITDA Margin % 9.3% 9.1% 0.3% 6.4% 41.9% QoQ QoQ 114.1 123.0 123.4 10.7 7.9 11.2 8.2% 5.1% YoY YoY Q3 FY24 Q2 FY25 Q3 FY25 Q3 FY24 Q2 FY25 Q3 FY25 PBT & PBT Margin % PAT & PAT Margin % 8.6% 5.9% 6.8%
Slide 16: Consolidated Financial Summary – 9M FY25
Consolidated Financial Summary – 9M FY25 (ALL FIGURES IN ₹ CRORE) Revenue from Operations EBITDA & EBITDA Margin % 12.0% 8.5% 2.8% (27.5)% 353.9 364.0 42.5 30.9 YoY YoY 9M FY24 9M FY25 9M FY24 9M FY25 PBT & PBT Margin % PAT & PAT Margin % 10.2% 7.7% 6.5% 4.6% (34.4)% (38.8)% 36.2 23.7 YoY 27.2 16.7
Slide 17: Revenue Metrics
Revenue Metrics Particulars Q3 FY25 Q2 FY25 Q3 FY24 9M FY25 9M FY24 ER&D 71% 78% 57% 77% 58% Revenue by Business (%) Digital 29% 22% 41% 23% 40% ITS - - 2% - 2% Industrial Equipment & Heavy Machinery 57% 55% 51% 56% 52% (IE&HM) Revenue by Industry (%) Transportation & Mobility (T&M) 39% 39% 38% 38%
Slide 18: Operating Metrics
Operating Metrics Particulars Q3 FY25 Q2 FY25 Q3 FY24 9M FY25 9M FY24 Active Clients 80 82 88 80 88 Top 5 51% 51% 49% 51% 49% Top 10 66% 68% 66% 67% 66% Client Base Top 25 85% 84% 85% 84% 84% Clients with 11 13 14 13 14 Annual Billing > USD 1mn Employee Metrics Total Employees 2,579 2,626 2,604 2,57
Slide 19: Key Performing Indicators
Key Performing Indicators Particulars (In ₹ Crore) FY22 FY23 FY24 Reasons Revenue from Operations 307.3 440.9 472.4 Revenue growth from USA and Europe Other Income 21.5 3.4 7.3 Interest income earned on fixed deposits (FD) Total Income 328.8 444.3 479.7 Employee Benefit 238.8 351.3 357.7 Investment
Slide 20: Global offices
Global offices Toronto Mumbai (Corporate HQ) Pune London Amsterdam Chicago Detroit Frankfurt Hyderabad Chennai Bangalore 19
Slide 21: Thank You
Thank You The software expert to transform your business at speed and scale. Onward Technologies (BSE: 517536) (NSE: ONWARDTEC) is a leading digital and ER&D outsourcing firm headquartered in Mumbai. We empower global OEMs with rapid innovation and market readiness, optimizing their R&D returns. A r