Coforge Limited · NSE:COFORGE
Coforge — Q3 FY2023 Earnings Presentation
16 slides from Coforge's earnings presentation, Jan 20, 2023
Slide 1: Investor Presentation Q3FY23
Investor Presentation Q3FY23 Jan 20, 2023
Slide 2: Safe Harbor and Disclaimer
Safe Harbor and Disclaimer Forward Looking Statements Safe Harbor This presentation contains forward-looking statements. In some cases, you can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “
Slide 3: Coforge signs highest number of large deals in its history during Q3 FY23
Coforge signs highest number of large deals in its history during Q3 FY23 Financial Highlights Business Highlights ▪ On consolidated basis, Q3FY23 revenues were up 3.7% QoQ and ▪ Robust order intake of $345 Mn during the quarter 20.7% YoY on a constant currency basis. ▪ Five large deals signed durin
Slide 4: Revenue up 24.0% Y-o-Y; PAT up 24.2% Y-o-Y in INR terms
Revenue up 24.0% Y-o-Y; PAT up 24.2% Y-o-Y in INR terms Revenue (INR Mn) 4.9% QoQ 24.0% YoY Adj. EBITDA (INR Mn) 17.7% YoY PAT (INR Mn) 24.2% YoY ₹ 19,594 ₹ 20,558 ₹ 3,797 ₹ 2,282 ₹ 3,596 ₹ 2,011 ₹ 16,581 ₹ 3,226 ₹ 1,837 Q3FY22 Q2FY23 Q3FY23 Q3FY22 Q2FY23 Q3FY23 Q3FY22 Q2FY23 Q3FY23 Revenue ($Mn) 2.
Slide 5: Well Diversified Business Portfolio with Increasing Offshoring Revenues
Well Diversified Business Portfolio with Increasing Offshoring Revenues By Vertical By Service Offering By Geography 9.1% 9.9% 11.8% 10.5% 27.4% Q3 FY23 Revenues Mix 31.1% 26.7% 49.2% 40.3% 19.3% 23.9% 22.1% 18.6% Banking & Financial Services (BFS) Insurance Americas Product Engineering Intelligent
Slide 6: Very Significant Business Momentum Driving Robust Growth
Very Significant Business Momentum Driving Robust Growth FRESH ORDER INTAKE TCV ($ MN) $1,151 $964 $781 $850 $748 $646 $457 $507 FY17 FY18 FY19 FY20 FY21 FY22 9MFY22 9MFY23 New Clients Added 15 31 40 41 45 47 35 34 6
Slide 7: High Degree of Visibility Through Contracted Revenues and Repeat Business
High Degree of Visibility Through Contracted Revenues and Repeat Business ORDER BOOK EXECUTABLE OVER NEXT 12 MONTHS ($MN) $1,200 91% 93% 100% 93% 100% 89% 90% 89% 89% 92% $1 ,200 90% 90% $1,000 $1 ,000 80% 80% 70% 70% $800 $8 00 60% 60% $600 50% $6 00 50% 40% 40% $841 $400 $720 $701 $4 00 30% 30% $4
Slide 8: De-Risked Operating Profile with Declining Client Concentration While Increasing Large Account Relationships
De-Risked Operating Profile with Declining Client Concentration While Increasing Large Account Relationships Top Clients Revenue Contribution Clients by Size 142 45.3% 137 133 42.4% 39.0% 38.3% 115 36.1% 36.3% 106 34.4% 34.0% 90 98 80 100 94 73 88 32.8% 80 30.4% 28.3% 27.9% 66 24.3% 25.2% 23.9% 60 2
Slide 9: Best-in-Industry Attrition Levels Testament to Coforge Culture
Best-in-Industry Attrition Levels Testament to Coforge Culture Total Global Headcount LTM Attrition % (Excl. BPS) 22,742 22,991 22,500 22,505 22,130 963 1008 928 291 1035 911 285 278 317 281 17.7% 18.0% 16.3% 16.4% 15.8% 21,294 21,494 21,692 21,153 20,938 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q3FY22 Q4
Slide 10: Select Other Achievements During the Quarter
Select Other Achievements During the Quarter • Coforge was recognized among ‘India's Best WorkplacesTM in IT & IT-BPM 2022 – Top 50’ by Great Place to Work® India. • The US Green Building Council has awarded the prestigious LEED Platinum Green Building Certification to Coforge consecutively for the
Slide 11: Key Tenets of Coforge Growth Strategy
Key Tenets of Coforge Growth Strategy • FY22 total revenue growth of 38% and organic revenue growth of 25% Robust • Q3FY23 revenue growth of 3.7% QoQ and 20.7% YoY in constant currency (CC) • FY22 Adj. EBITDA margin of 18.7% (margin expansion of 75 bps) Profitable • Q3FY23 Adj. EBITDA margin of 18.5
Slide 12: Appendix
Appendix 12
Slide 13: Consolidated Income Statement – Q3FY23 (INR Mn)
Consolidated Income Statement – Q3FY23 (INR Mn) Particulars Q3FY23 Q2FY23 QoQ% Q3FY22 YoY% Gross Revenues 20,558 19,594 4.9% 16,581 24.0% GM% 33.4% 32.0% 133 Bps 32.4% 97 Bps Selling / General And Administration 3,063 2,682 14.2% 2,145 42.8% SG&A to Revenue % 14.9% 13.7% 121 Bps 12.9% 196 Bps Adj. E
Slide 14: Consolidated Income Statement – Q3FY23 (USD Mn)
Consolidated Income Statement – Q3FY23 (USD Mn) Particulars Q3FY23 Q2FY23 QoQ% Q3FY22 YoY% Gross Revenues 251.7 246.9 2.0% 221.6 13.6% GM% 33.4% 32.0% 133 Bps 32.4% 97 Bps Selling / General And Administration 37.5 33.8 11.0% 28.7 30.8% SG&A to Revenue % 14.9% 13.7% 121 Bps 12.9% 196 Bps Adj. EBITDA
Slide 15: Other Key Metrics
Other Key Metrics Q3FY23 Q2FY23 Q3FY22 Q3FY23 Q2FY23 Q3FY22 DSO Position (in Million) Hedge 73 70 70 USD 159.30 155.01 129.48 GBP 44.23 40.19 21.18 EUR 4.40 4.18 4.39 Q3FY23 Q2FY23 Q3FY22 Dollar Rate Q3FY23 Q2FY23 Q3FY22 Outstanding Rupee Period Closing Rate 82.73 81.38 74.50 Average Hedges 81.41 79
Slide 16: Thank You
Thank You End of Document Coforge