Slide 1: Stock exchange cover letter for investor presentation
HEXT/SE/2025/79 Date: July 24, 2025 To, The Manager The General Manager Listing Department Department of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra-Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East), Mumbai - 400 051 Dalal Street, Mumbai - 400
Slide 2: Investor Presentation – Q2CY25
Investor Presentation – Q2CY25 July 2025 © 2025 Hexaware Technologies
Slide 3: Safe Harbor Statement / Forward-looking and Cautionary Statement / Disclaimer
Safe Harbor Statement / Forward-looking and Cautionary Statement / Disclaimer Certain statements in this presentation concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from th
Slide 4: Key Financial and Business Highlights
Key Financial and Business Highlights Financial Highlights Business Highlights Strategic Investments: Revenue: • Hexaware acquires SMC, a leader in building GCCs • Q2CY25: USD 382.1 Mn | INR 32,607 Mn • Set up client experience centre (CEC) in Chicago o USD : +2.8% QoQ; +8.6% YoY o INR : +1.6% QoQ;
Slide 5: Hexaware acquires SMC, a leader in building Global Capability Centers
Hexaware acquires SMC, a leader in building Global Capability Centers About SMC • • SMC is a leader in building global capability centers (GCCs) SMC leadership brings over a decade of experience in setting up 30+ GCCs for a diverse clientele including Fortune 500 companies, multinationals, and high-
Slide 6: Hexaware acquires SMC: Financials and Key transaction terms
Hexaware acquires SMC, a leader in building Global Capability Centers Financials and Key • All revenues are from US based customers transaction terms • Operates through three models • Build-optimize-transfer • Managed services • Hybrid solution • Revenue : CY’24 - ~$22Mn; H1’25 - ~$16Mn • Deal consi
Slide 7: Diverse Presence Across Verticals and Geographies
Diverse Presence Across Verticals and Geographies Vertical Split (%) Geographic Split (%) IT - BPS Split(%) 9% 6% 12% 9% 30% 19% Q2CY25 Q2CY25 Q2CY25 17% Revenue Revenue Revenue Split Split Split 75% 14% 21% 88% Q2CY25 Q2CY25 Q2CY25 Growth (%)(1) QoQ YoY Growth (%)(1) QoQ YoY Growth (%)(1) QoQ YoY F
Slide 8: Diverse Clientele with Strong Partnerships
Diverse Clientele with Strong Partnerships Client Pyramid (# LTM) Revenue Contribution by Customer Group (LTM %) USD Mn(1) Q2CY24 Q2CY25 49.4% 49.7% 50.1% >$75 3 3 >$50 3 4 35.6% 35.8% 36.6% >$20 14 15 25.4% 25.7% 25.8% >$10 30 31 >$5 56 66 >$1 177 197 Top 5 customers Top 10 customers Top 20 custome
Slide 9: Winning Across Domains: Key Successful Deals
Winning Across Domains: Key Successful Deals Large Airline International Healthcare Large Private Equity Firm Top 5 Global Bank + company based in Large financial Institution Australia RapidX based legacy Amaze based app Leveraging Salesforce to Amaze based app modernization modernization strengthen
Slide 10: Q2CY25 Financial Highlights
Q2CY25 Financial Highlights Revenue (USD Mn) Reported EBITDA (USD Mn) • Reported EBITDA 17.2%; +19.4% YoY 11.0% 12.4% 8.6% growth (+156 bps) YoY (%) QoQ (%) 6.4% (0.2%) 2.8% Margin (%) 15.7% 16.7% 17.2% • Reported Net Profit 11.6% +35.0% YoY growth (+226 bps YoY) $382 $66 $372 $62 • Reported EBIDTA
Slide 11: Enhancing Operational Efficiency Through Revenue Optimization and Talent Management
Enhancing Operational Efficiency Through Revenue Optimization and Talent Management Revenue Mix – Onshore & Offshore (%)(1) Total Headcount (#) Onshore IT Services (%) Offshore IT Services (%) 32,536 32,309 31,564 32,410 31,870 43.8% 43.6% 43.7% 45.6% 46.7% 56.2% 56.4% 56.3% 54.4% 53.3% Q2CY24 Q3CY2
Slide 12: Cash Flow, ETR, and EPS Metrics
Cash Flow, ETR, and EPS Metrics DSO (Days) (1) LTM OCF / Adj. EBITDA – Adjusted Cash Conversion (%) (2) DSO - Billed DSO - Unbilled 81.0% 74.9% 74.5% 75.5% 71 72 75 73 61.9% 65 29 32 36 33 27 42 40 38 39 40 Q2CY24 Q3CY24 Q4CY24 Q1CY25 Q2CY25 Q2CY24 Q3CY24 Q4CY24 Q1CY25 Q2CY25 Effective Tax Rate (%)
Slide 13: CY25 Outlook
CY25 Outlook • Demand Environment • Continued softness in macros. Slowdown is cyclical in nature, and not Ai driven • Updates on deals and CY 25 • All large consolidation deals are still in works • Small and mid sized deals are progressing well. However, decision making is slowed • Consequently, low
Slide 14: Appendix
Appendix
Slide 15: Reconciliation of Adj. EBITDA and Adj. Profit – Q2CY25
Reconciliation of Adj. EBITDA and Adj. Profit – Q2CY25 % of Revenue EBITDA Profit Q2CY25 Q1CY25 Q2CY25 Q1CY25 Reported Margin 17.2% 16.7% 11.6% 10.3% Add: ESOP compensation cost 0.4% 0.4% - - Add: ERP transformation cost(1) 0.7% 0.6% 0.7% 0.6% Add: One-timer items related to current quarter: 0.2% -
Slide 16: Awards and Recognition
Awards and Recognition Dun Bradstreet Helps Sales and Marketers Speed Path from Prospect to ... v Gold Stevie for Fastest Growing Company of the Year at the 2025 American Business Awards® Gold Stevie® for CEO Tech Live Podcast at the 2025 American Business Awards® Gold Stevie for Fastest Growing Rec
Slide 17: Creating Meaningful Impact Beyond Business
Creating Meaningful Impact Beyond Business ESG and Sustainability Awards • Ecovadis Assessment: Hexaware is in the top 15% globally, awarded a silver medal with a score of 70, placing in the 92nd percentile worldwide • Net Zero Summit – UBS Forums 2024: Won the “Sustainable Organization of the Year
Slide 18: Thank You
Thank You Please direct all inquiries to Investorrelations@hexaware.com
Slide 19: Investor Factsheet – Q2CY25
Investor Factsheet – Q2CY25 July 2025 © 2025 Hexaware Technologies
Slide 20: Key Financial Metrics
Key Financial Metrics Quarterly Metrics Change In INR million unless stated otherwise Q2CY25 Q1CY25 Q2CY24 QoQ (%) YoY (%) Revenue (USD Mn) $382.1 $371.5 $351.8 2.8% 8.6% Revenue – Constant Currency (CC) 1.3% 7.5% Revenue (INR Mn) 32,607 32,079 29,355 1.6% 11.1% Profitability Reported EBITDA 5,644 5
Slide 21: Key Revenue Metrics – Q2CY25 (INR)
Key Revenue Metrics – Q2CY25 Revenue by Vertical % of % of % of In INR million Q2CY25 Q1CY25 Q2CY24* Revenue Revenue Revenue Financial Services 9,784 30.0% 9,786 30.5% 8,266 28.2% Healthcare and Insurance 6,741 20.7% 6,672 20.8% 6,177 21.0% Manufacturing and Consumer 4,690 14.4% 4,780 14.9% 5,180 17
Slide 22: Key Revenue Metrics – Q2CY25 (USD)
Key Revenue Metrics – Q2CY25 Revenue by Vertical % of % of % of In USD million Q2CY25 Q1CY25 Q2CY24* Revenue Revenue Revenue Financial Services 115 30.0% 113 30.5% 99 28.2% Healthcare and Insurance 79 20.7% 77 20.8% 74 21.0% Manufacturing and Consumer 55 14.4% 55 14.9% 62 17.6% High Tech and Profess
Slide 23: Key Client and Operational Metrics
Key Client and Operational Metrics Customer Concentration(1) Q2CY25 Q1CY25 Q2CY24 Top 5 customers 25.8% 25.7% 25.4% Top 10 customers 36.6% 36.2% 35.6% Top 20 customers 50.1% 49.8% 49.4% Client Pyramid(2) Q2CY25 Q1CY25 Q2CY24 $75 million + 3 3 3 $50 million + 4 3 3 $20 million + 15 15 14 $10 million
Slide 24: Other Key Metrics
Other Key Metrics Days Sales Outstanding (DSO) # of Days Q2CY25 Q1CY25 Q2CY24 DSO - Billed 40 39 42 DSO - Unbilled 33 36 29 USD / INR Exchange Rate Q2CY25 Q1CY25 Q2CY24 Period Closing Rate 85.76 85.48 83.39 Period Average Rate 85.27 86.52 83.43 © 2025 Hexaware Technologies 6
Slide 25: Summary of Consolidated Statement of Profit and Loss
Summary of Consolidated Statement of Profit and Loss Change In INR million unless stated otherwise Q2CY25 Q1CY25 Q2CY24 QoQ (%) YoY (%) Revenue (USD Mn) 382.1 371.5 351.8 2.8% 8.6% Revenue – Constant Currency 1.3% 7.5% Revenue (INR Mn) 32,607 32,079 29,355 1.6% 11.1% Other Income(1) 1,600 44 296 3,5
Slide 26: Summary of Consolidated Balance Sheet
Summary of Consolidated Balance Sheet As of period ending In INR million Jun'25 Dec'24 Assets Property, plant and equipment and intangible assets 7,479 8,128 Right-of-use assets 5,515 5,596 Goodwill 23,910 23,871 Capital work-in-progress 1,592 1,308 Deferred tax assets (net) 2,767 2,682 Other non-cu
Slide 27: Summary of Consolidated Cash Flow Statement
Summary of Consolidated Cash Flow Statement In INR million unless stated otherwise H1CY25 H1CY24 Profit before tax 9,046 7,374 D&A, ESOP cost, Finance cost & other items 1,774 1,412 Changes in working capital (4,811) (4,285) Taxes (1,444) (1,234) Net cash (used in) / generated from operating activit
Slide 28: About Hexaware Technologies
About Hexaware Technologies We are a global digital and technology services company with artificial intelligence (“AI”) at its core. We leverage technology to deliver innovative solutions that help our customers in their digital transformation journey and subsequent operations. We embed AI into ever
Slide 29: Hexaware