Coforge Limited · NSE:COFORGE

Coforge — Q3 FY2022 Earnings Presentation

14 slides from Coforge's earnings presentation, Jan 27, 2022

  1. Slide 1: Investor Presentation Q3FY22

    Investor Presentation Q3FY22 Jan 27, 2022 © 2022 Coforge © 2022 Coforge 1

  2. Slide 2: Safe Harbor and Disclaimer

    Safe Harbor and Disclaimer Forward Looking Statements Safe Harbor This presentation contains forward-looking statements. In some cases, you can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “

  3. Slide 3: Key Highlights – Q3FY22

    Key Highlights – Q3FY22 Financial Highlights • On consolidated basis, Revenues were $221.6 Mn and INR 16,581 Mn o Up 37.8% in USD terms and 39.3% in INR terms Y-o-Y o Up 4.2% in USD terms and up 5.7% in INR terms Q-o-Q • On an organic basis, Revenues for the quarter were $199.2 Mn and INR 14,906 Mn

  4. Slide 4: Sustained Topline Growth with Robust Margin Improvement

    Sustained Topline Growth with Robust Margin Improvement Revenue ($ Mn) 4.2% QoQ 37.8% YoY Adj. EBITDA ($ Mn) 8.8% QoQ 48.8% YoY PAT ($ Mn) 23.1% QoQ 49.0% YoY 212.8 221.6 39.6 43.1 24.5 160.8 19.9 29.0 16.5 Q3FY21 Q2FY22 Q3FY22 Q3FY21 Q2FY22 Q3FY22 Q3FY21 Q2FY22 Q3FY22 18.0% 18.6% 19.5% 10.2% 9.4% 1

  5. Slide 5: Well Diversified Business Mix Centered around Digital and Transformational Solutions

    Well Diversified Business Mix Centered around Digital and Transformational Solutions Geographical Mix Vertical Mix Americas 15% 15% 13% Banking 19% 24% 28% EMEA Insurance 36% 33% 34% ROW Transport 32% 29% 28% Others 20% 19% 18% 49% 52% 53% 30% 28% 25% Q3FY21 Q2FY22 Q3FY22 Q3FY21 Q2FY22 Q3FY22 Servic

  6. Slide 6: Significant New Business Momentum Coupled with High Level of Revenue Visibility

    Significant New Business Momentum Coupled with High Level of Revenue Visibility Order Intake ($ Mn) New Clients Addition USA 285 USA EMEA 48 247 EMEA 13 47 11 11 2 ROW 192 ROW 32 114 2 3 110 5 45 5 123 8 116 91 6 4 Q3FY21 Q2FY22 Q3FY22 Q3FY21 Q2FY22 Q3FY22 Executable Order Book ($ Mn) Repeat Busines

  7. Slide 7: Low Client Concentration and Increasing Volume of Large Account Relationships

    Low Client Concentration and Increasing Volume of Large Account Relationships Top Clients Revenue Contribution Revenue by Project Type Top 5 Top 10 48% 49% 54% 54% 46% FPP 55% Top 20 34% 33% 36% T&M 45% 46% 46% 24% 23% 25% Q3FY21 Q2FY22 Q3FY22 Q3FY21 Q2FY22 Q3FY22 Clients by Size 130 133 > $10 Mn 11

  8. Slide 8: Continued Hiring Pace with Low Attrition Levels

    Continued Hiring Pace with Low Attrition Levels Headcount Utilization % (Excl. BPM and incl. trainees) 78.9% 78.5% 22,130 77.1% Billable - IT 20,786 911 281 910 Billable - BPS 297 Sales and Marketing 6,816 Others* 6,544 11,424 Q3FY21 Q2FY22 Q3FY22 189 697 421 13,035 14,122 Attrition % (Excl. BPM) 10

  9. Slide 9: ESG and CSR @ Coforge – Select Highlights

    ESG and CSR @ Coforge – Select Highlights Environmental Social • Global Recognition: ISO 14001:2015 & OHSAS 18001:2007 certified • Diversity and Inclusion initiatives: Awareness drives on themes of across India; awarded Platinum Green Building Rating by IGBC & inclusion, POSH, unconscious bias, brea

  10. Slide 10: Consolidated Income Statement – Q3FY22 (INR)

    Consolidated Income Statement – Q3FY22 INR Mn Particulars Q3FY22 Q2FY22 QoQ% Q3FY21 YoY% Gross Revenues 16,581 15,694 5.7% 11,906 39.3% Direct Costs 11,210 10,656 5.2% 8,096 38.5% Gross Profit 5,371 5,038 6.6% 3,810 41.0% GM% 32.4% 32.1% 29 Bps 32.0% 39 Bps Selling / General And Administration 2,145

  11. Slide 11: Consolidated Income Statement – Q3FY22 (USD)

    Consolidated Income Statement – Q3FY22 USD Mn Particulars Q3FY22 Q2FY22 QoQ% Q3FY21 YoY% Gross Revenues 221.6 212.8 4.2% 160.8 37.8% Direct Costs 149.8 144.5 3.7% 109.3 37.0% Gross Profit 71.8 68.3 5.1% 51.5 39.5% GM% 32.4% 32.1% 29 Bps 32.0% 39 Bps Selling / General And Administration 28.7 28.7 0.0

  12. Slide 12: Balance Sheet

    Balance Sheet INR Mn As at Dec 31, As at Sept 30, As at Dec 31, As at Dec 31, As at Sept 30, As at Dec 31, Particulars Particulars 2021 2021 2020 2021 2021 2020 Equity 609 606 606 Fixed Assets 5,478 5,696 4,531 Reserves & Surplus 25,765 24,162 22,606 Capital Work in Progress 78 43 10 Intangible Asse

  13. Slide 13: Other Key Metrics

    Other Key Metrics Q3FY21 Q2FY22 Q3FY22 Q3FY21 Q2FY22 Q3FY22 DSO Position Hedge USD 74.84 121.63 129.48 75 66 70 GBP 22.10 21.09 21.18 EUR 4.67 4.50 4.39 Rupee Dollar Q3FY21 Q2FY22 Q3FY22 Q3FY21 Q2FY22 Q3FY22 Average Rates Outstanding Rate Period Closing Rate 73.01 74.19 74.50 Hedges USD 76.89 76.40

  14. Slide 14: End of Document

    End of Document © 2022 Coforge © 2022 Coforge 14

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