Kpit Technologies Limited · NSE:KPITTECH

Kpit Technologies — Q2 FY2023 Earnings Presentation

30 slides from Kpit Technologies's earnings presentation, Oct 19, 2022

  1. Slide 1: Investor Update Q2FY2023

    Reimagining Mobility with YOU October 19, 2022 Investor Update Q2FY2023 KPIT Technologies Ltd.

  2. 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

  3. Slide 3: Performance Overview Q2FY23

    • 1 March 2021 Performance Overview Q2FY23 Reimagining Mobility with YOU

  4. Slide 4: Performance Overview Q2FY23

    Performance Q2FY23 CC Revenue grows 27% YoY Overview FY23 CC revenue growth outlook increased to 31% - 32% Q2FY23 Q2FY23 CC Revenue Growth of 27% Y-o-Y, 8.3% Q-o-Q 1 Revenue $ Revenue Growth of 17.2% Y-o-Y and 4.8% Q-o-Q Q2FY23 EBITDA growth of 33% Y-o-Y 2 Profit Net Profit growth of 28% Y-o-Y FY23

  5. Slide 5: Performance Highlights

    Performance Highlights Sequential CC growth of 8.3% led by Digital Connected Solutions and Electric Powertrain domains. Growth led by 01 Commercial Vehicles vertical. Higher cross currency impact. Pipeline continues to grow stronger, at all time high. EBITDA impact of 90 bps post wage hikes in the q

  6. Slide 6: Additional facts - timeseries

    Additional facts - timeseries Revenue $ M Consistent Performance 94.2 87.1 89.9 80.4 83.7 77.2 76.9 76.9 74.5 77.2 71.1 72.8 69.7 65.3 65.3 9 Consecutive Quarters of Steady Revenue Growth EBITDA ₹ M 1,382 1,332 1,150 1,214 931 981 1,041 639 739 727 737 751 662 697 811 9 Consecutive Quarters of Stead

  7. Slide 7: Management Quotes

    Management Quotes Kishor Patil, Co-founder, CEO and MD, KPIT said,” Software is at the heart of the transformation that the mobility industry is witnessing. KPIT’s position as a leader in this transformation is leading to consistency in performance and long-term visibility of growth. Q2FY23 performa

  8. Slide 8: Cash Flow – Major Movement

    Cash Flow – Major Movement INR Million Increase in Working Capital – 880 NET CASH (INR Mln) Q2FY23 Q1FY23 Gross Cash 9,624 10,627 Long Term Debt NIL NIL Dividend – 500 Short Term Debt NIL NIL Capex - 354 NET CASH 9,624 10,627 Trust Share Purchase – 228 Cash and Cash Equivalents break-up ₹M In Invest

  9. Slide 9: New Engagements

    New Engagements TCV of new engagements won during the Quarter : $ 142 million A leading American Car Manufacturer selected KPIT for a multiple engagements in the powertrain domain A leading European Car Manufacturer awarded KPIT a strategic engagement in the electric powertrain domain A leading Amer

  10. Slide 10: Strategic Update Q2FY23

    • 1 March 2021 Strategic Update Q2FY23 Reimagining Mobility with YOU

  11. Slide 11: Acquisition of Technica Engineering

    Technica specializes in production-ready system prototyping (combination of network system architecture, hardware prototyping, integration), automotive ethernet products, & tools for validation. It is headquartered in Munich with presence in Spain, Tunisia, and US, with a team of 600+ engineers. Tec

  12. Slide 12: Technica Closure

    Technica Closure • The Technica Deal is now closed, and we expect full quarter revenues to be consolidated into KPIT in Q3FY23. • As stated earlier, Technica has an Annual Revenue run-rate of Euro 42 – 43 million with EBITDA margins in the 20% range • In H2FY23 we will have certain non-recurring dea

  13. Slide 13: FY23 Outlook

    • 1 March 2021 FY23 Outlook Reimagining Mobility with YOU

  14. Slide 14: FY23 – Outlook

    FY23 – Outlook CC Revenue Growth : 31% to 32% Organic growth outlook 23+% as against 18%-21% earlier. Broad-based organic growth across practices, led by Strategic Clients. Reported $ growth will be impacted adversely due to cross currency headwinds EBITDA Margin : 18.5% to 19% Improvement in net re

  15. Slide 15: Other Updates Q2FY23

    • 1 March 2021 Other Updates Q2FY23 Reimagining Mobility with YOU

  16. Slide 16: KPIT – Thought Leadership

    KPIT – Thought Leadership A fireside KPIT as Sponsor at SAE chat show COMVEC 22, USA with JLR guest on “Sustainable Mobility” - NASSCOM KPIT was invited as a KPIT invited to speaker on speak on Software “Imaging Defined Vehicles Radar” KPIT @ AWS Auto Accelerate 2022 10/19/2022 16

  17. Slide 17: 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

  18. Slide 18: KPIT – Celebrating World Environment Day

    KPIT – Celebrating World Environment Day The KPIT CSR team organized a rice sowing activity at Vajeghar Village (approximately 60 km from Pune) to support the farming efforts of our farmers. KPITians organized a tree plantation activity in collaboration with 14 Trees Foundation (14TF) around Pune. 1

  19. Slide 19: Financial & Operational Data Snapshot

    • 1 March 2021 Financial & Operational Data Snapshot Reimagining Mobility with YOU

  20. Slide 20: Profit & Loss Account Snapshot

    Profit & Loss Account Snapshot INR MN DETAILS Q2FY23 Q1FY23 Q2FY22 Revenue from Operations 7,448.32 6,857.24 5,908.73 Other Income 94.90 152.89 89.37 Total Income 7,543.22 7,010.13 5,998.10 Operating Expenses 6,066.69 5,525.51 4,868.14 EBITDA 1,381.63 1,331,73 1,040.59 Depreciation 327.41 310.23 290

  21. Slide 21: Balance Sheet Snapshot

    INR MN Balance Sheet Snapshot ASSETS Q2FY23 Q1FY23 EQUITY & LIABILITIES Q2FY23 Q1FY23 NON-CURRENT ASSETS Equity Share Capital 2,699.53 2,700.97 Other Equity 11,219.79 11,210.05 Property, Plant & Equipment 1,933.64 1,905.94 Equity attributable to owners 13,919.32 13,911.02 Right-of-use Assets 2,091.8

  22. Slide 22: Revenue Break-up

    Revenue Break-up USD MN Verticals* Q2FY23 Q1FY23 Q2FY22 Q-o-Q Y-o-Y Passenger Cars 69.30 66.95 59.70 3.5% 16.1% Commercial Vehicles 23.75 22.38 19.66 6.1% 20.8% * The balance revenues come from others, which is not a big area as of now Business Units# Q2FY23 Q1FY23 Q2FY22 Q-o-Q Y-o-Y Feature Develop

  23. Slide 23: P&L Metrics

    P&L Metrics Q2FY23 Q1FY23 Q2FY22 Q-o-Q Y-o-Y Revenue by Contract Type Time & Material Basis 53.5% 51.0% 43.7% 9.9% 43.4% Fixed Price Basis 46.5% 49.0% 56.3% (0.6)% (3.2)% Clients Strategic Client Revenue 85.4% 84.9% 83.8% 5.3% 19.3% Active Clients (Period End) 60 60 55 Revenue per Devp. Employee USD

  24. Slide 24: Currency wise revenues, Hedging Details

    Currency wise revenues, Hedging Details O/s Hedge Details Q2FY23 Hedge Rates Currency wise Q2FY23 Q1FY23 Q2FY22 revenue USD/INR 80.41 USD 41.1% 42.7% 41.9% EUR/INR 89.58 EUR 35.4% 33.5% 34.0% GBP/INR 102.97 GBP 8.1% 6.3% 5.5% JPY/INR 0.59 JPY 6.9% 8.7% 10.4% Hedge Amounts(Mn) INR 5.9% 5.8% 4.4% USD/

  25. Slide 25: Headcount Data

    Headcount Data Period End Headcount Q2FY23 Q1FY23 Q2FY22 Q-o-Q Y-o-Y Development 9.284 8,570 6,192 - - Enabling & Sales 632 613 540 - - Total 9,916 9,183 6,732 - - 10/19/2022 25

  26. Slide 26: Contact Us

    • 1 March 2021 Contact Us Reimagining Mobility with YOU

  27. Slide 27: Conference Call Details

    Conference Call Details Conference name : KPIT Technologies Q2 FY2023 Post Earnings Conference Call Date : Wednesday October 19, 2022 Time : 1730 Hrs. Participants : Mr. Kishor Patil, Co-founder, CEO & MD Mr. Sachin Tikekar, President, Joint MD Mr. Chinmay Pandit, Whole-time Director & Head Americas

  28. Slide 28: 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 28

  29. Slide 29: 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 29

  30. Slide 30: THANK YOU !!

    THANK YOU !! KPIT Technologies Ltd.

KPIT Technologies — Q2 FY2023 Earnings Presentation on 6ix