Happiest Minds Technologies Ltd. · NSE:HAPPSTMNDS
Happiest Minds Technologies — Q3 FY24 Earnings Presentation
24 slides from Happiest Minds Technologies's earnings presentation, Jan 17, 2024
Slide 1: Earnings Presentation filing cover letter to stock exchanges
Happiest Minds Technologies Limited Regd. Office: #53/1-4, Hosur Main Road, Madivala, Bengaluru-560068, Karnataka, India CIN of the Co. L72900KA2011PLC057931 P: +91 80 6196 0300, F: +91 80 6196 0700 Website: www.happiestminds.com Email: investors@happiestminds.com January 17, 2024 Listing Compliance
Slide 2: Investor Presentation & Fact Sheet: Q3 FY 24
Investor Presentation & FACT SHEET: Q3 FY 24 January 2024
Slide 3: About Happiest Minds
About Happiest Minds Next-Gen Digital Transformation, Infrastructure, Security and Product Engineering Services Company 245 Active Clients 96% Digital 94% Agile 59 Fortune2000 / Forbes200 22.9% RoCE1 Born Digital Born Agile Billion $ Corporations 16.7% RoE 92% Repeat Business Mission Statement Happi
Slide 4: Mission, Vision and Values
Mission, Vision and Values Our 2021-31 Vision - DELiGHT Our SMILES Values Design for Perpetuity Sharing ESG Excellence Mindful Our Mission Thought Leadership Integrity Happiest People Happiest Customers Profitable Growth Learning Ambassador for Happiness Excellence World Class Team Social Responsibi
Slide 5: Our Business
Our Business IoT Blockchain DevOps & Product & Digital Cloud RPA Engineering Services Generative AI Business Services Software Defined BPM & Networking / NFV Agile and Secure Integration Infrastructure Services Big Data & Advanced Security Analytics Hi-Tech EdTech BFSI Mfg. / Industrial Retail / CPG
Slide 6: Born Digital. Born Agile The Mindful IT Company
Born Digital . Born Agile The Mindful IT Company CREATING MINDFULLY DIGITAL CAPITAL AGILE Business Agile Transformation Organization Business Agile Insights Business Platformize & Agile Modernize Delivery Reimagining Engineering & Operational Customer Experience Excellence © Confidential – www.happi
Slide 7: Key Project Wins
Key Project Wins For a global education and For one of the largest For an Australian Hi-Tech For an Indian not-for-profit learning company, Happiest integrated automotive Company, Happiest Minds has organization in the Minds is building their Gen AI- service companies, Happiest been chosen to build
Slide 8: Awards
Awards Top 50 India’s Best Workplaces in 100 Best Companies for Women in GOLD award for 2023 Integrated Annual IT & IT-BPM 2023 by Great Place To India 2023 by Avtar and Seramount Report from the League of American Work® Institute Communication Professionals (LACP) Integrated Annual Report 2022 wins
Slide 9: Analyst Mentions
Analyst Mentions ‘Niche & Established’ Leader in Digital Leader in Digital Leader in Digital in Digital Engineering and Engineering and ER&D Engineering and ER&D Engineering and ER&D ER&D Services – Generative Services – Enterprise Software Services – Consumer Software Services –Software Platform Zi
Slide 10: Operational and Financial Metrics – Q3 FY24
Operational and Financial Metrics – Q3 FY24 www.happiestminds.com
Slide 11: Results Q3 FY 24
Results Q3 FY 24 A ll amo unts in ₹ Lakhs unless stated o therwise Particulars Q3 FY 24 Q2 FY 24 QoQ Q3 FY 23 YoY 9M FY 24 9M FY 23 YoY Revenues 40,988 40,662 0.8% 36,688 11.7% 1,20,737 1,05,131 14.8% Other Income 2,429 2,221 - 780 - 6,016 1,266 - Total Income 43,417 42,883 1.2% 37,468 15.9% 1,26,75
Slide 12: Born Digital. Born Agile
Born Digital. Born Agile Digital Agile % of Revenue % of Revenue 93.9% 93.4% 93.6% 94.0% 94.0% 94.2% 94.3% 94.4% 96.8% 96.5% 96.4% 96.5% 96.3% 96.2% 95.1% 95.3% FY 21 FY 22 FY 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 FY 21 FY 22 FY 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Revenue Revenue by BU Tenure of Customer To
Slide 13: Operational & Financial Metrics
Operational & Financial Metrics EBITDA High FCF Conversion (₹ Lakhs) Margin % (₹ Lakhs) 26.2% 96.0% 98.6% 37,997 26.1% 99.6% 36,480 27.0% 29,477 29,064 98.8% 98.4% 98.2% 94.1% 95.8% 26.0% 26.0% 25.5% 24.4% 24.2% 21,573 21,476 9,726 10,062 10,299 10,482 10,519 9,946 10,133 10,296 9,315 9,894 FY 21 FY
Slide 14: Operational & Financial Metrics
Operational & Financial Metrics Happiest Minds & Utilization 79.5% 80.5% 80.1% 78.5% 75.6% 76.7% 74.6% 74.6% 4,917 4,917 5,048 5,285 5,246 4,168 4,611 3,228 FY 21 FY 22 FY 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Offshore / Onsite Voluntary Attrition % 1 By Number of Employees 22.7% 19.8% 20.9% 19.8% 16.6%
Slide 15: Operational & Financial Metrics
Operational & Financial Metrics Revenue Model Q3 24 Model Geography Digital Revenue1 Verticals1 3.8% 4.4% 4.3% 7.4% 2.5% 16.4% 12.4% 24.0% 27.1% 6.8% 43.3% 10.9% 9.0% 9.3% 72.9% 70.3% 14.3% 14.8% 26.8% 11.7% 7.6% T&M FP Americas Europe India ROW Digital Infra / Cloud SAAS Security Edu Tech HiTech (o
Slide 16: Operational & Financial Metrics
Operational & Financial Metrics Onsite/Offshore Average Revenue / Active Customer By Revenue (USD ‘000) 803 803 804 808 794 793 774 634 81.0% 84.1% 83.9% 84.5% 84.8% 84.8% 85.1% 86.2% 19.0% 15.9% 16.1% 15.5% 15.2% 15.2% 14.9% 13.8% FY 21 FY 22 FY 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 FY 21 FY 22 FY 23 Q3
Slide 17: Operational & Financial Metrics
Operational & Financial Metrics FY21 FY 22 FY23 Q3 FY23 Q4 FY 23 FY24 Q1 FY24 Q2 FY24 Q3 Verticals Edutech 25.6% 23.2% 23.2% 22.2% 23.2% 24.1% 25.0% 24.0% Hitech 18.2% 15.8% 15.7% 19.5% 16.9% 14.8% 14.2% 14.3% BFSI 16.4% 13.2% 10.3% 10.8% 12.2% 11.0% 10.3% 10.9% Travel, Media and Entertainment (TME)
Slide 18: Operational & Financial Metrics
Operational & Financial Metrics FY 21 FY 22 FY23 Q3 FY23 Q4 FY 23 FY24 Q1 FY24 Q2 FY24 Q3 Revenue by Geo USA 73.4% 66.4% 67.5% 70.5% 68.1% 71.9% 71.5% 70.3% India 11.8% 14.1% 15.4% 15.0% 15.6% 15.5% 15.7% 16.4% Europe 10.4% 10.4% 9.4% 9.4% 9.7% 8.7% 9.0% 9.0% ROW 4.4% 9.0% 7.7% 5.1% 6.6% 3.9% 3.8% 4
Slide 19: Operational & Financial Metrics
Operational & Financial Metrics FY21 FY22 FY23 Q3 FY23 Q4 FY23 FY24 Q1 FY24 Q2 FY24 Q3 Happiest Minds Onsite 166 172 228 227 227 244 231 224 Offshore 3,062 3,996 4,383 4,690 4,690 4,804 5,054 5,022 Onsite % 5.1% 4.1% 4.9% 4.6% 4.6% 4.8% 4.4% 4.3% Offshore % 94.9% 95.9% 95.1% 95.4% 95.4% 95.2% 95.6%
Slide 20: Operational & Financial Metrics
Operational & Financial Metrics All figures in ₹ Lakhs FY21 FY22 FY23 Q3 FY23 Q4 FY23 FY24 Q1 FY24 Q2 FY24 Q3 Revenue by BU IMSS 16,421 20.6% 24,168 21.4% 7,912 21.1% 7,525 19.5% 30,694 21.2% 7,516 18.6% 7,381 17.2% 7,299 16.8% DBS 21,288 26.7% 32,891 29.1% 11,266 30.1% 11,180 28.9% 43,070 29.7% 11,
Slide 21: Summary Profit & Loss Statement
Summary Profit & Loss Statement All figures in ₹ Lakhs FY 21 FY 22 FY 23 Q3 FY 23 Q4 FY 23 FY 24 Q1 FY 24 Q2 FY 24 Q3 Income Operating revenue 77,341 1,09,365 36,688 37,798 1,42,929 39,087 40,662 40,988 Other income 2,424 3,710 780 845 2,111 1,366 2,221 2,429 Tota l income 79,765 1,13,075 37,468 38,
Slide 22: Condensed Balance Sheet
Condensed Balance Sheet All figures in ₹ Lakhs 31.03.2021 31.03.2022 31.12.2022 31.03.2023 30.06.2023 30.09.2023 31.12.2023 Assets Non-current Assets Property, plant and equipment 69 78 12,899 13,278 13,202 13,386 13,856 Goodwill 7,644 7,896 8,562 13,913 13,901 13,997 14,013 Financial & Other assets
Slide 23: Global Presence
Global Presence Headquarters – Bengaluru India | USA & Canada | Europe & UK | UAE | Australia © Confidential – www.happiestminds.com 22
Slide 24: Happiest People · Happiest Customers
Happiest People · Happiest Customers investors@happiestminds.com India | United States | United Kingdom | Canada | Australia | Dubai www.happiestminds.com
Happiest Minds Technologies — Q3 FY24 Earnings Presentation on 6ix