Onward Technologies Limited · NSE:ONWARDTEC

Onward Technologies — Q4 FY2022 Earnings Presentation

24 slides from Onward Technologies's earnings presentation, May 2022

  1. Slide 1: Q4-FY22/FY22 Earnings Presentation

    Q4-FY22/FY22 EARNINGS PRESENTATION May 2022

  2. Slide 2: Who We Are

    WHO WE ARE Onward Technologies is a technology outsourcing company specializing in digital and ER&D services. We help global OEMs improve speed to market, accelerate innovation, and maximize returns on their R&D investments. 2

  3. Slide 3: Value proposition of Onward Tech

    Value proposition of onward tech The Power of One Revenue (INR Mn) & EBITDA Margin (%) Digital play across all lines of business • 2800+ employees 3,073 • Digital engineering and outsourcing 2,610 2,715 • 14 offices across 6 countries 2,404 • Electronics and Embedded 6.96% • Proven expertise in oper

  4. Slide 4: Our capabilities

    Our capabilities Lines of business Focus verticals Digital Mechanical • New Product §Digital with Design & AR/VR Embedded Development IT §Engineering • Value • SW Development & Automation • Platform Services - Engineering Maintenance Hardware, Software §Big Data • Virtual • Enterprise Business • Con

  5. Slide 5: Strategic presence across geographies

    Strategic presence across geographies 1 Detroit, MI 2 Cleveland, OH 6 3 Chicago, IL 5 1 4 Toronto, ON 7 4 5 London, UK 6 Frankfurt, DE 3 2 8 12 7 Amsterdam, NL 8 Mumbai, IN 9 10 (Corporate HQ) 11 9 Pune (3 COEs*) 10 Chennai, IN 11 Bengaluru, IN 12 Hyderabad, IN *COE: Centre of excellence

  6. Slide 6: Q4-FY22/FY22 Financial Overview

    Q4-FY22/FY22 FINANCIAL OVERVIEW 6

  7. Slide 7: Q4-FY22/FY22 Key financial highlights

    Q4-FY22/FY22 Key financial highlights Q4-FY22 Consolidated Financial Performance Q4-FY22 Standalone Financial Performance INR 875 Mn INR 63 Mn 7.20% INR 665 Mn INR 67 Mn 10.08% Revenue from Revenue from EBITDA EBITDA Margins EBITDA EBITDA Margins Operations Operations INR 32 Mn 3.66% INR 1.42/Share

  8. Slide 8: Q4-FY22/FY22 Operational Highlights

    Q4-FY22/FY22 Operational Highlights • Company recorded highest revenue growth in Q4-FY22 of 13% QoQ to INR 875Mn. • Revenue growth was driven by increase in revenues from strategic clients in Industrial Equipment, Heavy Machinery, Transportation & Mobility verticals. • 11 clients now deliver $1 mill

  9. Slide 9: Management comments

    Management comments Commenting on the performance of the Company, Jigar Mehta – Managing Director said: “As our client’s progress on their transformation journey with a renewed urgency, we see strong demand for digital and ER&D services from all the large global OEM clients. We were very pleased to

  10. Slide 10: Consolidated Quarterly Financial Performance

    Consolidated Quarterly Financial Performance Particulars (INR Mn) Q4-FY22 Q4-FY21 Y-O-Y Q3-FY22 Q-O-Q Operational Income 875 663 32.0% 773 13.2% Total Expenses 812 625 30.0% 676 20.1% EBITDA 63 38 65.8% 97 (35.0)% EBITDA Margins (%) 7.20% 5.73% 147 Bps 12.55% (535) Bps Other Income 16 20 (20.0)% 3 N

  11. Slide 11: Consolidated Annual Financial Performance

    Consolidated Annual Financial Performance Particulars (INR Mn) FY22 FY21* Y-O-Y Operational Income 3,073 2,404 27.8% Total Expenses 2,859 2,230 28.2% EBITDA 214 172 24.4% EBITDA Margins (%) 6.96% 7.15% (19) Bps Other Income 215 53 NA Depreciation 101 104 (2.9)% Finance Costs 10 23 (56.5)% PBT 318 98

  12. Slide 12: Standalone Quarterly Financial Performance

    Standalone Quarterly Financial Performance Particulars (INR Mn) Q4-FY22 Q4-FY21 Y-O-Y Q3-FY22 Q-O-Q Operational Income 665 497 33.8% 596 11.6% Total Expenses 598 456 31.1% 540 10.7% EBITDA 67 41 63.4% 56 19.6% EBITDA Margins (%) 10.08% 8.25% 183 Bps 9.40% 68 Bps Other Income 19 25 (24.0)% 8 NA Depre

  13. Slide 13: Standalone Annual Financial Performance

    Standalone Annual Financial Performance Particulars (INR Mn) FY22 FY21* Y-O-Y Operational Income 2,344 1,727 35.7% Total Expenses 2,168 1,531 41.6% EBITDA 176 196 (10.2)% EBITDA Margins (%) 7.51% 11.35% (384) Bps Other Income 56 85 (34.1)% Depreciation 92 93 (1.1)% Finance Costs 10 21 (52.4)% PBT 13

  14. Slide 14: Historical Financial Overview

    HISTORICAL FINANCIAL OVERVIEW 14

  15. Slide 15: Historical Consolidated Profit & Loss

    Historical Consolidated Profit & Loss Particulars (INR Mn) FY19 FY20* FY21* FY22 Operational Income 2,610 2,715 2,404 3,073 Total Expenses 2,386 2,482 2,230 2,859 EBITDA 224 233 172 214 EBITDA Margins (%) 8.58% 8.58% 7.15% 6.96% Other Income 12 11 53 215 Depreciation 57 113 104 101 Finance Costs 27

  16. Slide 16: Historical Consolidated Balance Sheet

    Historical Consolidated Balance Sheet Particulars (INR Mn) FY20 FY21 FY22 Particulars (INR Mn) FY20 FY21 FY22 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 80 171 366 Share Capital 160 163 220 Intangible assets 41 39 26 Other Equity 520 581 1,412 Intangible asse

  17. Slide 17: Historical Standalone Profit & Loss

    Historical Standalone Profit & Loss Particulars (INR Mn) FY19 FY20* FY21* FY22 Operational Income 1,182 1,806 1,727 2,344 Total Expenses 1,032 1,660 1,531 2,168 EBITDA 150 145 196 176 EBITDA Margins (%) 12.69% 8.03% 11.35% 7.51% Other Income 50 65 85 56 Depreciation 48 102 93 92 Finance Costs 21 33

  18. Slide 18: Historical Standalone Balance Sheet

    Historical Standalone Balance Sheet Particulars (INR Mn) FY20 FY21 FY22 Particulars (INR Mn) FY20 FY21 FY22 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 70 164 184 Share Capital 160 163 220 Intangible assets 41 39 26 Other Equity 455 573 1,262 Intangible assets

  19. Slide 19: Consolidated Financial Highlights

    Consolidated Financial Highlights Revenue (INR Mn) EBITDA (INR Mn) & EBITDA Margin (%) PAT (INR Mn) & PAT Margin (%) 3,073 237 2,715 224 233 214 2,610 2,404 172 8.58% 8.58% 101 7.15% 6.96% 62 73 7.71% 3.87% 3.04% 2.28% FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 EBITDA EBITDA Margin

  20. Slide 20: Revenue Metrics (Consolidated)

    Revenue Metrics (Consolidated) Revenue by Business (%) Revenue by Industry (%) 2% 8% 4% 5% 8% 7% 34% 27% 26% 19% 31% 27% 26% 21% 26% 24% 30% 26% 69% 73% 72% 71% 36% 42% 42% 44% FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 ER&D ITS Digital Indu strial & Heavy Machinery Transportation & Mobility Others Hea

  21. Slide 21: Hedging & Other Metrics

    Hedging & Other Metrics Other Ratios FY19 FY20 FY21 Q4-FY22 Carpet Area 70,873 71,948 65,285 87,576 Number of seats 889 906 847 1,200 PBT to Revenue% 5.82% 3.55% 4.08% 10.35% Number of active clients 199 210 184 145 Gain Over 50% Hedge Hedging Details for Q4-FY22* Hedge Rate Hedge Amount (Mn) Actual

  22. Slide 22: Capital Market Data

    Capital Market Data Stock Market Performance (as on 31st March, 2022) Dividend per Share (INR) 250% 200% 3.00 150% 3.00 100% 50% 1.50 1.50 0% -5 0% Apr-21 May -21 Jun-21 Jul-21 Aug-21 Sep- 21 Oct-21 Nov- 21 Dec-21 Jan-22 Feb- 22 Mar-22 Onward Sensex FY19 FY20 FY21 FY22 Price Data (As of 31st March 2

  23. Slide 23: Disclaimer

    Disclaimer Onward Technologies Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, or correctness of the information or opinions contained in this presentation. Such information and opinions are in all e

  24. Slide 24: Thank You

    Ormwvemres TECHNOLOGIES Your Imagination. Delivered to Perfection!” THANK YOU

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