Onward Technologies Limited · NSE:ONWARDTEC
Onward Technologies — Q1 FY2024 Earnings Presentation
18 slides from Onward Technologies's earnings presentation, Jul 17, 2023
Slide 1: Exchange submission letter for earnings presentation
Date: July 17, 2023 To, BSE Limited National Stock Exchange of India Ltd., Corporate Relations Department Exchange Plaza, 5th Floor, P J Towers, Dalal Street Plot No. C/1, G Block, Mumbai 400 001 Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051. Ref: Scrip Code - BSE: 517536 NSE: ONWARDTEC Sub.
Slide 2: Q1 FY24 Earnings Presentation
Q1 FY24 Earnings Presentation 17th July 2023
Slide 3: Disclaimer
Disclaimer This release may contain certain future prospects which may be a 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 statemen
Slide 4: Agenda
Overview 1 Growth Strategy 2 Agenda Financial Performance 3
Slide 5: From the Managing Director's Desk
From the Managing Director’s Desk “We are pleased to report another strong quarter driven by our continuous focus on execution and transformation journey. Despite macroeconomic challenges, we reported revenue growth of 27.7% on a YoY basis and maintained a double-digit EBITDA margin of 12.1%. One of
Slide 6: Company at a Glance
Company at a Glance Deep Technical Global Digital Across Strong Q1FY24 ₹120 Cr Revenue Capabilities 2000 Customers Focus all verticals Flawless 8 of global top-11 Embedded Revenue 27.7% execution automotive Systems YoY Growth 5 of global top-10 Employees industrial equipment Data Analytics EBITDA 2,
Slide 7: Onward Technologies: A Journey of Transformation
Onward Technologies: A Journey of Transformation Mr. Jigar Mehta appointed Infinity Holdings bought 24.2% Incorporated in New offices in London, as a Managing Director equity August 1991 by Germany Mr. Harish Mehta, Building Onward New digital center in Chennai, All new embedded lab in
Slide 8: Diversified Business Lines
Diversified Business Lines Onward Technologies Digital Embedded Mechanical IT Platform Services New Product Engineering SW Development - Hardware, Design & Automation & Maintenance Software Development Enterprise Big Data Connectivity Value Engineering Business Analytics Solutions Applications Produ
Slide 9: Focus Verticals
Focus Verticals Transportation & Automotive Rail Transportation Mobility Industrial Equipment & Heavy Equipment & Mining Heavy Machinery Machinery Healthcare & Medical Devices Pharma MedTech
Slide 10: Agenda
Overview 1 Growth Strategy 2 Agenda Financial Performance 3
Slide 11: Growth Strategy
Growth Strategy Investments in business building Steady growth in offshore leverage Multi-year Client Engagements Investments in talent to address client demand Consistent industry leading growth
Slide 12: Agenda
Overview 1 Growth Strategy 2 Agenda Financial Performance 3
Slide 13: Q1FY24 Financial Highlights
Q1FY24 Financial Highlights • Revenue Growth of 27.7% YoY to ₹ 119.6 crore and PAT grew by 9 times YoY to ₹ 10.9 crore • Growth was driven by an increase in wallet share from key clients in Industrial Equipment & Heavy Machinery and Transportation & Mobility verticals • Onward Technologies continued
Slide 14: Consolidated Financial Summary – Q1FY24
Consolidated Financial Summary – Q1FY24 Particulars (in ₹ Crore) Q1FY24 Q4FY23 QoQ Growth Q1FY23 YoY Growth Revenue from Operations 119.6 121.4 (1.4%) 93.7 27.7% Other Income 2.6 1.7 51.5% 2.1 25.5% Total Revenue 122.2 123.1 (0.7%) 95.8 27.7% EBITDA 14.5 14.1 2.9% 2.9 396.3% EBITDA Margin (%) 12.1%
Slide 15: Consolidated Financial Summary – Q1FY24
Consolidated Financial Summary – Q1FY24 (Figures in ₹ Crore) Revenue from Operations EBITDA & EBITDA % PBT & PBT % PAT & PAT % 11.6% 12.1% 11.3% 10.0% 9.1% 6.0% 3.1% 1.6% 1.3% 93.7 121.4 119.6 2.9 14.1 14.5 1.5 12.2 13.5 1.2 7.2 10.9 Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY23 Q1
Slide 16: Revenue Metrics
Revenue Metrics Particulars Q1FY24 Q4FY23 Q1FY23 ER&D 61% 72% 74% Revenue by Business (%) Digital 37% 20% 8% ITS 2% 8% 18% Industrial Equipment & Heavy Machinery 53% 56% 38% Transportation & Mobility 35% 31% 45% Revenue by Industry (%) Healthcare 9% 9% 6% Others 3% 4% 11% USA 39% 40% 36% Revenue By
Slide 17: Operating Metrics
Operating Metrics Particulars Q1FY24 FY23 Active Clients 93 98 Top 5 47% 43% Client Base Top 10 66% 58% Top 25 85% 81% Clients with Annual Billing > USD 1mn 15 15 Employee Base Total Employees 2,646 2,798 DSO Days 77 86
Slide 18: Thank You
Thank You For Further Information, Please Contact: Asha Gupta - asha.gupta@in.ey.com Anushka Khanna - anushka.khanna@in.ey.com Pratik Jagtap - pratik.jagtap@in.ey.com
Onward Technologies — Q1 FY2024 Earnings Presentation on 6ix