Tata Technologies Limited · NSE:TATATECH
Tata Technologies — Q3 FY2024 Earnings Presentation
22 slides from Tata Technologies's earnings presentation, Jan 25, 2024
Slide 1: Stock exchange cover letter for investor presentation
Ref. No.: TTL/COSEC/SE/2023-24/14 January 25, 2024 BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai- 400001, India. Mumbai – 400 051, India. Scrip Code: 544028 Trading symbol: TATATEC
Slide 2: Investor presentation Q3 FY2024
Investor presentation Q3 FY2024 25th January 2024 Scrip: BSE 544028, NSE: TATATECH © Copyright 2024 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
Slide 3: Disclaimer
Disclaimer This release may include opinions and assumptions about future performance which could be considered forward-looking statements. Forward-looking statements intrinsically cover several risks and uncertainties, which may lead to a material difference between actual results and the statement
Slide 4: Leading global engineering services company
Leading global engineering services company 12,623 14.7% Employees(4) YoY growth in INR revenue from operations(5) INR 12.9 bn / INR 38.2 bn 86% $154.8 mn(6) / $461 mn(6) Automotive revenue(3) Q3FY24 / 9MFY24 Revenue from Operations Among Top 2 18.3% Global Engineering Service Q3FY24 Operating Provi
Slide 5: Q3'24 Financial highlights
Q3’24 Financial highlights Revenue Profitability • Total operating revenue at ₹12,895 million, up 1.6% • Total company gross margin at 28.4%, vs. 27% QoQ QoQ and up 14.7% YoY and 29.1% YoY • Services segment revenue of ₹10,012 million, up 0.6% • Services segment gross margin at 31.8% vs. 29.9% QoQ Q
Slide 6: Message from the CEO & MD and the CFO
Message from the CEO & MD and the CFO We delivered sequential growth and a healthy operating EBIDTA margin at 18.3% in Q3FY24 while making strategic investments in relationships to enable future growth. Our deal win momentum has stayed robust, with 5 large deals won in the quarter, including one dea
Slide 7: Strategic wins and developments
Strategic wins and developments A leading Global automotive original equipment manufacturer (OEM) has onboarded Tata Technologies as its Strategic Engineering partner for “Full-time equivalent (FTE) Engineering Services” engagement A leading European luxury automotive original equipment manufacturer
Slide 8: Income statement – consolidated IND AS
Income statement – consolidated IND AS INR Mn Q3 FY23 Q2 FY24 Q3 FY24 QoQ YoY Revenue from operations 11,239 12,692 12,895 1.6% 14.7% Services Segment 9,163 9,953 10,012 0.6% 9.3% Technology Solutions segment 2,076 2,740 2,883 5.2% 38.9% Gross Profit 3,266 3,428 3,663 6.9% 12.2% Services Segment 2,8
Slide 9: Q3'24 Financial highlights
Q3’24 Financial highlights Revenue from operations Revenue from Services Segment +14.7% YoY; +1.6% QoQ +9.3% YoY; +0.6% QoQ 12,895 9,953 10,012 12,692 9,163 INR Million INR Million 11,239 Q3 FY23 Q2 FY24 Q3 FY24 Q3 FY23 Q2 FY24 Q3 FY24 Revenue from operations Revenue from services segment +13.4% YoY
Slide 10: Q3'24 Financial highlights
Q3’24 Financial highlights Gross Margin % Gross Margin: Services Segment 29.1% 28.4% 31.8% 27.0% 30.9% 29.9% Q3 FY23 Q2 FY24 Q3 FY24 Q3 FY23 Q2 FY24 Q3 FY24 Operating EBITDA Margin EBIT Margin 16.2% 16.2% 18.3% 18.3% 16.9% 14.8% Q3 FY23 Q2 FY24 Q3 FY24 Q3 FY23 Q2 FY24 Q3 FY24 9 © Copyright 2024 Tata
Slide 11: Q3'24 Financial highlights
Q3’24 Financial highlights % of Operating Revenue % of Services Segment Revenue 18% 22% 22% 11% 14% 14% 82% 78% 78% 89% 86% 86% Q3'23 Q2' 24 Q3' 24 Q3'23 Q2' 24 Q3' 24 Services Segment Technology Solutions Segment Auto Non-Auto Revenue Mix 68.0% 63.2% 60.5% 32.0% 36.8% 39.5% Q3'23 Q2' 24 Q3' 24 Offs
Slide 12: Q3'24 Key metrics
Q3’24 Key metrics Services: Customer Pyramid (LTM) Q3’ 23 Q2’ 24 Q3' 24 > 50 Mn 3 3 3 10-50 Mn 3 3 3 5-10 Mn 4 4 4 1-5 Mn 24 28 29 Employee metrics Q3’ 23 Q2’ 24 Q3' 24 Headcount 11,081 12,451 12,623 Voluntary attrition, LTM 23.5% 17.2% 15.4% Headcount includes FTEs and contractors Liquidity metrics
Slide 13: Engineering better innovations for customers
Engineering better innovations for customers © Copyright 2024 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
Slide 14: Collaboration with Agratas for designing best-in-class battery solutions
Collaboration with Agratas for designing best-in-class battery solutions • The collaboration will enable Agratas to accelerate product development, including the design and integration of battery cells into modules and packs for global customers in the mobility and energy sectors. • Tata Technologie
Slide 15: Software-defined vehicle (SDV): Developments
Software-defined vehicle (SDV): Developments Significant progress in establishing brand recall and credibility within SDV We joined AUTOSAR in Through our At ELIV 2023 [Bonn, At CES 2024 [Las We inaugurated our Aug-2023; AUTOSAR partnership with Arm, Germany], we Vegas, USA], we first innovation cen
Slide 16: Thought leadership towards engineering a better world
Thought leadership towards engineering a better world With our thought leadership, we have showcased our expertise in automotive, aerospace, industrial heavy machinery, and digital enterprise solutions and demonstrated our commitment to shaping the future of these industry verticals. 15 © Copyright
Slide 17: Engineering better careers
Engineering better careers © Copyright 2024 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
Slide 18: Engaging academia in innovation through Tata Technologies InnoVent
Engaging academia in innovation through Tata Technologies InnoVent Launched in July’23, the program received an overwhelming response and saw 814 unique projects from 2,696 participants across 229 colleges across the country Group photograph featuring the winning teams, all participating teams, este
Slide 19: Reignite campaign for empowering women on career break
Reignite campaign for empowering women on career break Reignite is a platform specifically designed for women innovators to facilitate a smooth re-entry into the workforce. With targeted upskilling and curated mentorship programs. • The program covered 4000+ online business publications and 90+ majo
Slide 20: About Tata Technologies
About Tata Technologies Tata Technologies (BSE: 544028, NSE: TATATECH) is a global product engineering and digital services company focused on fulfilling our mission of helping the world drive, fly, build, and farm by enabling our customers to realize better products and deliver better experiences.
Slide 21: Contact Us
Contact Us For investor queries Name : Vijay Lohia Email : ir@tatatechnologies.com Desk Phone : +91 20 66529090 For media queries Name : Priyanka Bhatia Email : priyanka.bhatia@adfactorspr.com Desk Phone : +91 22 67574444 20 © Copyright 2024 Tata Technologies. All rights reserved. All other trademar
Slide 22: tatatechnologies.com
ASI A PACIFIC 25 Rajiv Gandhi Infotech Park /TataTechnologies Hinjawadi, Pune @tatatechnologies India 411057 /TataTech_News Tel: +91 20 6652 9090 /TataTechnologies /TataTechnologies E URO PE The European Innovation tatatechnologies.com and Development Centre (EIDC) Olympus Avenue Tachbrook Park Warw