Ltm Limited · NSE:LTM

Ltm — Larsen & Toubro Infotech — Merger or Acquisition (May 2022)

14 slides from Ltm's merger presentation, May 6, 2022

  1. Slide 1: Submission under Regulation 30 to NSE and BSE

    Lil Let's Solve LTl/SE/STAT/2022-23/25 May 6, 2022 National Stock Exchange of India Limited The BSE Limited, Exchange Plaza, Bandra-Kurla Complex Phiroze Jeejeebhoy Towers Bandra (E) Dalal Street Mumbai - 400 051 Mumbai - 400 001 NSE Symbol: LTI BSE Scrip Code: 540005 Dear Sir(s)/Madam, Subject: Sub

  2. Slide 2: LTI and Mindtree Amalgamation

    LTI and Mindtree Amalgamation Creating a Stronger IT Services Business May 6, 2022

  3. Slide 3: Disclaimer / Safe Harbor

    Disclaimer / Safe Harbor The contents of this document are for your information only and are intended to provide an overview of the material aspects of the proposed transaction. This document does not purport to provide all and complete details, as may be required to make a full analysis of LTI, Min

  4. Slide 4: Transaction Overview

    Transaction Overview Board of Directors of Larsen & Toubro Infotech Limited (“LTI”) and Mindtree Ltd (“Mindtree”) at their meetings on May 6, 2022, approved the proposal to merge Mindtree into LTI through a Scheme of Amalgamation (“Scheme”). • Mindtree, a leading digital transformation partner with

  5. Slide 5: Overview (LTI)

    Overview Global technology consulting  and digital solutions Company $2.1bn 17.3% 14.7% Incorporated in 1996 as a FY22 Revenue FY22 EBIT Margin FY22 PAT Margin  subsidiary of Larsen & Toubro Limited Deep domain expertise across  verticals (BFSI, Manufacturing, Energy & Utilities) 46,648 33 486 Di

  6. Slide 6: Overview (Mindtree)

    Overview Digital transformation partner  with a history of over two decades $1.4bn 18.6% 15.7% ~61% stake acquired by Larsen & FY22 Revenue FY22 EBIT Margin FY22 PAT Margin  Toubro Limited in 2019 Deep domain expertise across  verticals (CMT, RCM, TTH) 35,071 24 276 Diversified service offerings

  7. Slide 7: Significantly Enhances Scale, Bridging Gap with Larger Peers

    Significantly Enhances Scale, Bridging Gap with Larger Peers Proforma (As-is) FY22 Revenue ($mn) $2,102 $1,411 $3,513 EBIT $363 $262 $625 ($mn; %)(1) 17.3% 18.6% 17.8% PAT $308 $222 $530 ($mn; %)(1) 14.7% 15.7% 15.1% Cash & Investments ($mn)(1) $516 $475 $991 Employees 46,648 35,071 81,719 Note: Rep

  8. Slide 8: Complementary Industry Capabilities

    Complementary Industry Capabilities FY22 Revenue Split by Vertical (%; $mn) Proforma (As-is) Revenue Revenue Revenue Revenue Revenue Revenue ($mn) Share (%) ($mn) Share (%) ($mn) Share (%) BFSI $974 47% BFSI $251 18% BFSI $1,225 35% Communications, Communications, Hi-Tech & Media $255 12% $614 43% $

  9. Slide 9: Diversified and Balanced Operations Across Geographies

    Diversified and Balanced Operations Across Geographies FY22 Revenue Split by Geography (%; $mn) Proforma (As-is) Revenue Revenue Revenue Revenue Revenue Revenue ($mn) Share (%) ($mn) Share (%) ($mn) Share (%) Americas $1,398 67% Americas $1,044 74% Americas $2,442 69% Europe $340 16% Europe $254 18%

  10. Slide 10: Enhanced Capabilities and Stronger Relationships Across Partner Ecosystem

    Enhanced Capabilities and Stronger Relationships Across Partner Ecosystem Capabilities complimentary to Combined experience and expertise Combined collaboration opportunity  vertical and synergistic at horizontal  to enable tier status upgrade  with 75 unique partnerships Strong Relationships wit

  11. Slide 11: Delivering Higher Value for All Stakeholders

    + : Delivering Higher Value for All Stakeholders Clients Employees  Diversified, end-to-end offerings  Better growth opportunities Ability to bid for large contracts Ability to attract and retain  and improve win-rates  best talent: wide range of capabilities  Deeper domain expertise  Access t

  12. Slide 12: Indicative Timelines and Key Approvals

    Indicative Timelines and Key Approvals T + 9 to 12 months Board Approval Regulatory Filings NCLT Filings & ROC Filing (6-May-22) (“T”) & Approvals* Approvals* • Approval of the transaction • NSE and BSE • Filing of Scheme • ROC Filing and other documents • Shareholder approval • Allotment of LTI sha

  13. Slide 13: Advisors

    Advisors Citigroup Global Markets Financial Advisors KPMG India Services LLP India Private Limited Ernst & Young Merchant Banking Independent Valuation GT Valuation Advisors Private Limited Services LLP Goldman Sachs (India) Securities Fairness Opinion Kroll Advisory Pvt. Ltd. Private Limited Legal

  14. Slide 14: Glossary

    Glossary Sr No Acronym Full Form Sr No Acronym Full Form 1 BFSI Banking, Financial Services and Insurance 10 Mn Million 2 BSE Bombay Stock Exchange Ltd 11 NCLT National Company Law Tribunal 3 CMT Communications, Media and Technology 12 NSE National Stock Exchange of India Ltd 4 CPG Consumer Packaged

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