Mastek Limited · NSE:MASTEK
Mastek — Q1 FY2022 Earnings Presentation
34 slides from Mastek's earnings presentation, Jul 20, 2021
Slide 1: Exchange filing cover letter: Press Release and Investor Presentation
Mastek Limited T +91 22 6722 4200 #106,107 SDF-IV Seepz, Andheri (East), F +91 22 6695 1331 Mumbai 400096, Maharashtra, India W www.mastek.com SEC/47/2021-22 July 20, 2021 Listing Department Listing Department BSE Limited The National Stock Exchange of India Limited 25th Floor, Phiroze Jeejeebhoy To
Slide 2: Press Release | Q1FY22
Mastek*@ Press Release | Q1FY22
Slide 3: Q1FY22 Revenue at Rs 516.5 crore; up 33.8% Y-o-Y
For Immediate Release Q1FY22 Revenue at Rs 516.5 crore; up by 33.8% Y-o-Y basis Crossed $70mn revenue for Q1FY22 Constant Currency revenue grew 27.2% Y-o-Y PAT grew by 72.2% Y-o-Y Added 40 new clients in the quarter Mumbai, India – 19th July, 2021: Mastek, a global IT player and a trusted pa
Slide 4: Review of Consolidated Financial Performance for Quarter ended 30th June 2021
For Immediate Release Review of the Consolidated Financial Performance for Quarter ended 30th June 2021: Figures in Rs Crore Q1FY22 Q4FY21 Q-o-Q Growth Q1FY21 Y-o-Y Growth Total Income 521.2 486.4 7.1% 402.8 29.4% Revenue from Operations 516.5 483.2 6.9% 386.1 33.8% Operating EBITDA 112.8 105.9 6.4%
Slide 5: Key wins for the quarter
For Immediate Release Key wins for the quarter: During the quarter, we continued to experience momentum in winning deals as illustrated below: - Co-sell by Mastek and Evosys to a multinational lead-acid batteries manufacturing company, to enable company achieve increased productivity, optimal exec
Slide 6: About Mastek
For Immediate Release - Evosys, for the third year in a row, is recognized in the 2021 Gartner Magic Quadrant for Oracle Cloud Applications Services, Worldwide. About Mastek Mastek (NSE: MASTEK; BSE: 523704), is an enterprise digital transformation specialist that engineers excellence for customers
Slide 7: Thank You
For Immediate Release T Thank You _________________________________________________________________________________ 6 of 6
Slide 8: Q1FY22 Investor Presentation, July 2021
19 July 2021 Presented by: Ashank Desai | Vice Chairman and Managing Director, Mastek Limited Hiral Chandrana | Global Chief Executive Officer, Mastek Group Arun Agarwal | Global Chief Financial Officer, Mastek Limited Abhishek Singh | President, UK Business of Mastek Umang Nahata | CEO, Evosys (A M
Slide 9: Table of Contents
Table of Contents 01. Highlights of the Quarter 02. Financial Performance 03. Operational Performance 04. Key Wins for the Quarter 05. Acquisition Updates Mastek Limited | Investor Presentation 2021 | Presentation title in footer 2
Slide 10: Highlights of the Quarter
Highlights 01 of the Quarter 02 03 04 05
Slide 11: Highlights of Q1FY22
Highlights of Q1FY22 Mastek crossed $70mn revenue in Awards & Q1FY22 PAT grew by 72.2 % YoY Recognitions • Mastek gets recognized in The Gartner Q1 Q2 Q4 Q3 Q1 15.4 % PAT margin Digital Commerce Vendor Guide, FY in Q1FY22, 383 bps 2021 (Sandy Shen et al., 14 April 2021) 22 as a Digital Commerce Serv
Slide 12: Financial Performance
Financial 02 Performance 01 02 03 04 05
Slide 13: Consistent Financial Performance
Consistent 33.8 % Financial Performance Revenue growth YoY Revenue from Operations (Rs Crore) Operating EBITDA Margin PAT Margin 21.1% 23.5% 21.9% 21.8% 21.8 % Operating 17.3% 17.6% EBITDA margin 13.2% 13.3% 13.8% improved by 419 bps 12.1% 12.0% 12.3% 12.4% 12.7% 12.2% 12.8% 11.8% 15.7% 15.6% 15.4%
Slide 14: Financial Summary – Q1FY22
Financial Summary – Q1FY22 Growth Growth Key Performance Metrics Q1FY22 Q4FY21 Q1FY21 QoQ YoY Revenue from Operations ($mn) $70.2 $65.9 $50.8 4.3% (CC) 27.2% (CC) Revenue from Operations (Rs Crore) 516.5 483.2 386.1 6.9% 33.8% Revenue Other Income (Rs Crore) 4.7 3.2 16.7 45.2% (71.9)% Total Income (
Slide 15: Consolidated Financial Highlights Q1FY22
Comparison: Quarter-on-Quarter and Year-on-Year (Figures in Rs Crore) Consolidated Financial Highlights Q1FY22 Operating EBITDA & Operating Revenue PAT & Margin (%) 12 Months Order Backlog Margin (%) 21.9% 21.8% 15.6% 15.4% 17.6% 105.9 112.8 516.5 11.6% 483.2 1,177.7 1,130.4 386.1 68.1 80.2 764.5 75
Slide 16: Balance Sheet Metrics Q1FY22 - Consolidated
Strengthening the Balance Sheet (Figures in Rs Crore) Balance Sheet Metrics Q1FY22 - Consolidated Return on Capital Free Cash Flow Cash & Cash Equivalent Return on Equity# Employed# 275.6 26.5% 27.3% 28.5% 959.8 25.6% 848.9 168.0 17.1% 14.6% 115.4 414.7 FY20 FY21 Q1FY22 FY20 FY21 Q1FY22 FY20 FY21 Q1
Slide 17: Operational Performance
Operational 03 Performance 01 02 04 05
Slide 18: Operating Metrics Q1FY22
Operating Metrics Q1FY22 Strengthening our business Q1FY22 Q4FY21 Q1FY21 New Clients Added 40 45 48 Active Client (immediately preceding 12 months) 651 639 504 Client Base Top 5 33.0% 33.3% 34.5% Top 10 47.7% 47.1% 48.1% Total Employee 4,302 3,792 3,321 - Offshore 3,181 2,674 2,227 Employee - Onsite
Slide 19: Revenue Analysis Q1FY22 - Consolidated
Balancing our portfolio Revenue Analysis Q1FY22 - Consolidated Revenue by Market Region* Revenue by Q1FY22 34.1% 25.6% 13.9% 9.6% 16.8% Industry Segment 3.5% 6.0% 6.0% Government Q4FY21 32.0% 28.0% 14.0% 10.2% 15.8% 14.1% 9.5% 8.5% Health 17.1% 14.6% 15.4% Retail Services Financial Services Q1FY21 3
Slide 20: Q1FY22 – Operational Performance: Revenue by Practice Line
Operational Performance Revenue By Q1FY22 50.5% 34.2% 11.6% 3.7% Practice Line Q1FY22 – Consolidated Q4FY21 48.8% 34.9% 11.4% 4.9% Application Transformation Enterprise Applications Digital Commerce & Experience Q1FY21 47.7% 34.7% 14.1% Data, Analytics & AI 3.5% Mastek Limited | Investor Presentatio
Slide 21: Gartner Recognizes Evosys & Mastek
Gartner Recognizes Evosys & Mastek 2021* 2021 Evosys named in Gartner 2021 Magic Quadrant Recognition for Oracle Cloud Applications Mastek gets recognised in The Gartner Services, Digital Commerce Vendor Guide, 2021 Worldwide report. (Sandy Shen et al., 14 April 2021) as a This is the third Digital
Slide 22: Key wins for the quarter
Key wins 04 for the quarter 01 02 03 05
Slide 23: Public Sector and Government
Key wins for the quarter Public Sector and Government UK UK UK Client: UK Central Government Client: UK Central Government Client: One of the council areas of Department Departments Scotland providing local government services to approximately 95,000 About the deals: (A) Multi million deal About the
Slide 24: Public Sector and Government
Key wins for the quarter Public Sector and Government UK US Client: Largest municipal power Client: One of the unitary authority system in North Carolina where its council areas of Scotland providing utility services includes the areas of civic and social services to 90,000 safety, financial reporti
Slide 25: Healthcare and Lifesciences
Key wins for the quarter Healthcare and Lifesciences US US US Client: Provides high-quality care Client: Non-profit health plan serving a Client: An industry pioneer with to patients through their home nd TX licensed health maintenance over 20 years of experience in health, hospice, home and organiz
Slide 26: Healthcare and Lifesciences
Key wins for the quarter Healthcare and Lifesciences US UK Client: US based Global leader of Client: UK Healthcare Client surgical products About the deals: Multiple deals About the deal: Mastek would leverage signed covering: its D2X methodology and enable the (A) Identity related services to help
Slide 27: Manufacturing & Engineering and Construction
Key wins for the quarter Manufacturing & Engineering and Construction UK ME UK Client: One of the top 10 biggest Client: A pioneering company in the field Engineering & Architectural firms Client: Multinational lead-acid batteries of manufacturing chemicals for defence globally and the most valuable
Slide 28: BFSI Utilities
Key wins for the quarter BFSI Utilities UK UK Client: Company is a FTSE100 Client: A water company in the Financial Services company UK, providing mains water and with insurance businesses sewerage services in one of the around the world English counties About the deal: Selected by About the deal: M
Slide 29: Education FMCG
Key wins for the quarter FMCG Education ROW ME Client: A burgeoning restaurant in Client: An aviation academy that the Philippines committed to has a pilot school, a maintenance elevate customers’ dining training center and a simulator experience training center for commercial airlines About the dea
Slide 30: Mastek and Evosys Cross-Sell Opportunity
Mastek and Evosys Cross-Sell Opportunity Mastek Services: Evosys Services: Application Development Oracle Cloud Application Digital Commerce Implementation Application Support & Oracle On Premise Maintenance Implementations and Upgrade BI & Analytics Oracle Application Support Agile Consulting Oracl
Slide 31: Co-sell Opportunity
Strengthening Our Joint Sale Advantages of joint bids for Evosys ERP/ HCM bids Co-sell Opportunity Competitive “Total Digital Transformation” Solution offering Mastek Services Size benefit to bid for large Joint contracts and compete against large Go-to-Market players Strategy Evosys Services Multi-
Slide 32: Acquisition Updates
Acquisition Updates 05 01 02 03 04
Slide 33: Evosys Acquisition Update: Scheme of Arrangement (Demerger)
Evosys Acquisition Update Scheme of Arrangement Business Transfer Agreement (Demerger) • NOC received from Stock Exchanges • Application filed with NCLT on 5 March 2021 • Scheme was approved in the Court convened meetings by shareholders and creditors • Final hearing of NCLT due in August 2021 Maste
Slide 34: Questions & Answers
Mastek*@ Thank You Questions & Answers