Slide 1: Investor Update Q4FY23 | FY23
Reimagining Mobility with YOU April 26, 2023 Investor Update Q4FY23 | FY23 KPIT Technologies Ltd.
Slide 2: Forward Looking Statements
Forward Looking Statements Some of the statements in this update that are not historical facts, are forward-looking statements. These forward-looking statements include our financial and growth projections, as well as statements concerning our plans, strategies, intentions and beliefs concerning our
Slide 3: Performance Overview
• 1 March 2021 Performance Overview Q4FY23 | FY23 Reimagining Mobility with YOU
Slide 4: Performance Overview
Performance Overview 11 M Q4 FY23 Revenue Reported $ Revenue growth of 42.1% Y-o-Y 8.5% CC growth, 12.1% Reported $ growth, Q-o-Q Q4 FY23 EBITDA at 19.1%, 60% Y-o-Y growth Q4FY23 CC 2 Profit Net Profit at ₹ 1,116 million, 41.5% Y-o-Y growth Revenue grows 50% Y-o-Y FY23 Reported $ Revenue Growth of 2
Slide 5: Performance Highlights
Performance Highlights Growth led by Strategic Accounts, Middleware and Architecture, Autonomous and Diagnostics. Technica 01 revenues marginally up as compared to last quarter. Q4FY23 also witnessed strategic new engagement closures. EBITDA margin expansion of 60 bps for the quarter led by revenue
Slide 6: Additional facts - timeseries
Additional facts - timeseries Revenue $ M Consistent Performance 123.8 110.5 89.9 94.2 83.7 87.1 71.1 72.8 77.2 76.9 76.9 74.5 77.2 80.4 11 Consecutive Quarters 65.3 65.3 69.7 of Steady Revenue Growth EBITDA ₹ M 1,943 1,699 1,382 931 981 1,041 1,150 1,214 1,332 11 Consecutive Quarters 811 639 739 72
Slide 7: Management Quotes
Management Quotes Commenting on the performance of FY23, Ravi Pandit, Co-founder and Chairman, KPIT said,” The Mobility Industry is one of the larger contributors to global carbon footprint. Huge investments are being made and planned towards a sustainable future. We are proud to be intensely involv
Slide 8: Cash Flow – Major Movement
Cash Flow – Major Movement ₹M Increase in Working Capital – 1,971 NET CASH (₹ M) Q4FY23 Q3FY23 Gross Cash 6,288 7,235 Long Term Debt NIL NIL PathPartner Payout – 522 SOMIT Payout - 160 Short Term Debt 486* 493* Capex – 210 NET CASH 5,802 6,742 Interim Dividend - 400 Cash and Cash Equivalents break-u
Slide 9: New Engagements
New Engagements TCV of new engagements won during the Quarter : $ 423* million Honda selected KPIT as a strategic technology partner to realize the journey of Honda’s Software-Defined Mobility (SDM) (already announced mid-quarter) A strategic engagement in middleware development and integration doma
Slide 10: Strategic Update
Strategic Update KPIT and ZF agree Both KPIT and ZF to create an independent will initially company focused contribute cash on creation of plus related automotive software assets middleware stack (IPs) to the company Induction of additional partner(s) within 12-18 months. Regulatory approvals expect
Slide 11: FY24 Outlook
FY24 Outlook Practice & Technology Alignment of Practices towards SDV. Technology Investments in related areas. Cross – practice collaboration, AI adoption CC Revenue Delivery and Operations Robust competency framework and relentless execution. Agile growth in the methodology adoption. Building scal
Slide 12: Other Updates
• 1 March 2021 Other Updates Q4FY23 Reimagining Mobility with YOU
Slide 13: KPIT won two ET Ascent Business Leader of the Year Awards
KPIT won two ET Ascent Business Leader of the Year Awards KPIT has been chosen as the Most Admired Company of the Year, from 30 different sectors & industries across India. In addition, KPIT CEO, Mr. Kishor Patil, won the Best CEO of the Year Award, a great recognition of his vision and leadership.
Slide 14: KPIT Sparkle Announced Winners of the 2023 Innovation Challenge
KPIT Sparkle Announced Winners of the 2023 Innovation Challenge KPIT hosted the finale of KPIT Sparkle 2023, an annual national design and development innovation contest for Engineering, Science, and Design students, at their Pune campus on 19th March 2023. 12,000 students from 646 colleges particip
Slide 15: KPIT Presented the 3rd Edition of Women In Mobility
KPIT Presented the 3rd Edition of Women In Mobility: A Look at Women Driving Change in the Tech World KPIT hosted the 3rd Edition of Women In Mobility, a panel session featuring some of the most inspiring women in tech. The panelists shared their experiences, insights, and strategies for success, an
Slide 16: KPIT wrapped up vSolve 2023 problem-solving competition
KPIT wrapped up vSolve 2023, the problem-solving competition for students by Chhote Scientists Over 227 bright young minds from 56 different schools came together to showcase their love for science and innovation at vSolve 2023. The energy and enthusiasm was simply electric, as students showcased in
Slide 17: Being a Socially Responsible Company
Being a Socially Responsible Company KPIT has constructed a well in Nalvat village, providing the community with a sustainable & reliable source of water. The people of Nalvat are now self-sufficient and don't need to rely on unpredictable monsoons or travel far to meet their daily requirements. 4/2
Slide 18: KPIT – Societal Development Commitment
KPIT – Societal Development Commitment • Water Conservation • KPIT SPARKLE (Engg. Innovation) • Forest Conservation • SHODH (PhD researchers) • Chotte Scientists (School Children) ENVIRONMENT EDUCATION Making this world a Transforming lives of better place to live in people through science & technol
Slide 19: Financial & Operational Data Snapshot
• 1 March 2021 Financial & Operational Data Snapshot Reimagining Mobility with YOU
Slide 20: Profit & Loss Account Snapshot
Profit & Loss Account Snapshot INR MN DETAILS Q4FY23 Q3FY23 Q4FY22 FY23 FY22 Revenue from Operations 10,173.67 9,171.15 6,517.65 33,650.38 24,323.86 Other Income 62.60 210.59 127.54 401.92 397.42 Total Income 10,236.27 9,381.74 6,645.19 34,052.30 24,721.28 Operating Expenses 8,350.16 7,472.50 5,303.
Slide 21: Balance Sheet Snapshot
INR MN Balance Sheet Snapshot ASSETS Q4FY23 Q3FY23 EQUITY & LIABILITIES Q4FY23 Q3FY23 NON-CURRENT ASSETS Equity Share Capital 2,703.46 2,701.55 Other Equity 13,811.92 12,775.53 Property, Plant & Equipment 2,143.89 2,104.68 Equity attributable to owners 16,515.38 15,477.08 Right-of-use Assets 2,594.3
Slide 22: Revenue Break-up (Quarterly)
Revenue Break-up (Quarterly) USD MN Verticals* Q4FY23 Q3FY23 Q4FY22 Q-o-Q Y-o-Y Passenger Cars 92.14 86.00 62.88 7.1% 46.5% Commercial Vehicles 30.75 23.49 22.04 30.9% 39.5% * The balance revenues come from others, which is not a big area as of now Business Units# Q4FY23 Q3FY23 Q4FY22 Q-o-Q Y-o-Y Fe
Slide 23: Revenue Break-up (Annual)
Revenue Break-up (Annual) USD MN Verticals FY23 FY22 Y-o-Y Passenger Cars 314.39 242.40 29.7% Commercial Vehicles 100.37 80.05 25.4% Practices FY23 FY22 Y-o-Y Feature Development & Integration 274.24 231.15 18.6% Architecture & Middleware Consulting 66.77 38.35 74.1% Cloud Based Connected Services 7
Slide 24: P&L Metrics (Quarterly)
P&L Metrics (Quarterly) Q4FY23 Q3FY23 Q4FY22 Q-o-Q Y-o-Y Revenue by Contract Type Time & Material Basis 54.6% 51.0% 48.1% 20.0% 61.3% Fixed Price Basis 45.4% 49.0% 51.9% 3.9% 24.3% Clients Strategic Client Revenue 79.5% 81.4% 83.9% 9.5% 34.8% Active Clients (Period End) 60 60 Revenue per Devp. Emplo
Slide 25: P&L Metrics (Annual)
P&L Metrics (Annual) FY23 FY22 Y-o-Y Revenue by Contract Type Time & Material Basis 52.6% 44.8% 49.6% Fixed Price Basis 47.4% 55.2% 9.3% Clients Strategic T21 Client Revenue 82.5% 83.8% 25.4% Active Clients (Period End) 60 60 Avg Revenue per Devp. Employee USD 43,929 48,804 R&D Expenditure (USD MN)
Slide 26: Currency wise revenues, Hedging Details
Currency wise revenues, Hedging Details O/s Hedge Details Q4FY23 Currency Q4FY23 Q3FY23 Q4FY22 FY23 FY22 Hedge Rates wise revenue USD/INR 82.78 USD 36.3% 35.0% 40.0% 38.4% 40.3% EUR/INR 88.74 EUR 42.8% 46.1% 32.2% 40.0% 33.9% GBP/INR 101.02 GBP 6.3% 5.6% 6.6% 6.5% 5.7% JPY/INR 0.64 JPY 8.8% 6.5% 12.
Slide 27: Headcount Data
Headcount Data Period End Headcount Q4FY23 Q3FY23 Q4FY22 Q-o-Q Y-o-Y Development 10,297 9,795 7,628 - - Enabling & Sales 716 695 617 - - Total 11,013 10,490 8,245 - - 4/26/2023 27
Slide 28: Contact Us
• 1 March 2021 Contact Us Reimagining Mobility with YOU
Slide 29: Conference Call Details
Conference Call Details Conference name : KPIT Technologies Q4 FY2023 Post Earnings Conference Call Date : Thursday April 27, 2023 Time : 1700 Hrs. Participants : Mr. S.B.(Ravi) Pandit, Co-founder & Chairman Mr. Kishor Patil, Co-founder, CEO & MD Mr. Sachin Tikekar, President, Joint MD Mr. Anup Sabl
Slide 30: Contact
Contact For Investor Queries Email Sunil.Phansalkar@kpit.com Desk Phone + 91 20 6770 6997 Cell + 91 98509 66011 Website www.kpit.com Sunil Phansalkar 30
Slide 31: Contact
Contact For Media Queries Email Sunil.R@kpit.com Desk Phone + 91 80 6606 6000 (7865) Cell + 91 99001 50180 Website www.kpit.com Sunil B R 31
Slide 32: THANK YOU !!
THANK YOU !! KPIT Technologies Ltd.