Sasken Technologies Ltd · NSE:SASKEN
Sasken Technologies — Q2 FY23 Earnings Presentation
15 slides from Sasken Technologies's earnings presentation, September 2022
Slide 1: Consolidated Results for the quarter ended September 30, 2022
Consolidated Results for the quarter ended September 30, 2022 www.sasken.com | Copyright Copyright:Sasken SaskenTechnologies TechnologiesLtd. Ltd. | Sasken Confidential www.sasken.com | Copyright: Sasken Technologies Ltd. | Sasken Confidential 1
Slide 2: Safe Harbor Clause
Safe Harbor Clause Certain statements in this release 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 those in such forward-looking statements due to risks or uncertain
Slide 3: Performance Snapshot – Q2 FY23 - Consolidated
Performance Snapshot – Q2 FY23 - Consolidated Consolidated Revenues ( $. Million) Consolidated Revenues ( INR Million) 20.0 1,400 1,200.1 15.0 1,200 15.0 14.4 1,086.5 12.9 1,013.2 1,000 800 10.0 600 5.0 400 200 0.0 - Q2 FY23 Q1 FY23 Q2 FY22 Q2 FY23 Q1 FY23 Q2 FY22 QoQ Growth: 15.7% ; YoY Growth: 4.0
Slide 4: Income Statement Summary – Q2 FY23 - Consolidated
Income Statement Summary – Q2 FY23 - Consolidated (INR Million) Growth over Particulars Q2 FY23 % Q1 FY23 % Q2 FY22 % Q1 FY23 Q2 FY22 Revenues 1,200.05 100.0% 1,013.20 100.0% 1,086.49 100.0% 18.4% 10.5% Cost of Revenue 666.25 55.5% 544.43 53.8% 558.47 51.4% -22.4% -19.3% Gross Profit 533.80 44.5% 46
Slide 5: Income Statement Summary – Q2 FY23 – Consolidated (Nature wise)
Income Statement Summary – Q2 FY23 – Consolidated Nature wise (INR Million) Growth over Particulars Q2 FY23 % Q1 FY23 % Q2 FY22 % Q1 FY23 Q2 FY22 Revenue from Operations 1,200.05 100.0% 1,013.20 100.0% 1,086.49 100.0% 18.4% 10.5% Other Income 157.07 13.1% (56.67) -5.6% 124.68 11.5% -377.2% 26.0% Tot
Slide 6: Performance Snapshot – H1 FY23 - Consolidated
Performance Snapshot – H1 FY23 - Consolidated Consolidated Revenues ( $. Million) Consolidated Revenues ( INR Million) YoY Growth: -3.7% YoY Growth: 1.3% Consolidated EBIT ( INR Million) Consolidated PAT ( INR Million) 1,500 1,500 1,200 1,200 900 633.5 900 712.9 542.7 600 511.5 600 300 300 24.5% 23.
Slide 7: Income Statement Summary – H1 FY23 - Consolidated
Income Statement Summary – H1 FY23 - Consolidated (INR Million) Particulars FY 23 YTD % FY 22 YTD % Growth over FY 22 YTD Revenues 2,213.25 100.0% 2,184.54 100.0% 1.3% Cost of Revenue 1,210.68 54.7% 1,155.25 52.9% -4.8% Gross Profit 1,002.57 45.3% 1,029.29 47.1% -2.6% SG&A 426.89 19.3% 363.43 16.6%
Slide 8: Income Statement Summary – H1 FY23 – Consolidated (Nature wise)
Income Statement Summary – H1 FY23 – Consolidated Nature wise (INR Million) Particulars FY 23 YTD % FY 22 YTD % Growth over FY 22 YTD Revenue from Operations 2,213.25 100.0% 2,184.54 100.0% 1.3% Other Income 100.41 4.5% 230.67 10.6% -56.5% Total Revenue 2,313.66 104.5% 2,415.21 110.6% -4.2% Employee
Slide 9: Balance Sheet Summary - Consolidated (1 of 2)
Balance Sheet Summary - Consolidated ( 1 of 2 ) (INR Million) September 30, % March 31, % Particulars 2022 2022 ASSETS Non current assets Property, plant and equipment ( incl CWIP) 379.91 4.8% 341.75 4.4% Right to use assets - 0.0% 2.49 0.0% Intangible assets 0.24 0.0% 0.08 0.0% Financial assets (a)
Slide 10: Balance Sheet Summary - Consolidated (2 of 2)
Balance Sheet Summary - Consolidated ( 2 of 2 ) (INR Million) September 30, % March 31, % Particulars 2022 2022 EQUITY AND LIABILITIES Equity share capital 150.51 1.9% 150.51 2.0% Other equity 6,650.64 84.1% 6,384.92 82.8% Total Equity 6,801.15 86.0% 6,535.43 84.8% Provisions 47.76 0.6% 76.87 1.0% T
Slide 11: Metrics – Q2 FY23
Metrics – Q2 FY23 Revenue Mix - Delivery 16% 21% 30% Q2 FY23 Q1 FY23 Q2 FY22 70% 79% 84% Onsite Offshore Utilization Revenue Mix – Project Type 87.3% 88.00% 23% 31% 27% 84.00% 80.00% 76.00% Q2 FY23 Q1 FY23 Q2 FY22 72.9% 72.00% 69% 68.00% 65.8% 77% 73% 64.00% 60.00% T&M FPP Q2'23 Q1'23 Q2'22 • FPP in
Slide 12: Geography Wise Revenue – Q2 FY23
Geography Wise Revenue – Q2 FY23 Q2 FY23 Q1 FY23 Q2 FY22 6% 9% 17% 30% 30% 41% 32% 34% 33% 20% 20% 27% North America EMEA India APAC www.sasken.com | Copyright: Sasken Technologies Ltd. | Sasken Confidential 12
Slide 13: Human Resources Metrics – Q2 FY23
Human Resources Metrics – Q2 FY23 1,800 1,674 1,600 1,400 1,357 1,276 1,200 1,000 800 600 444 400 317 200 100 147 0 Q2 FY23 Q1 FY23 -17 Q2 FY22 -200 -30 Total Employees Gross Adds Net Adds Attrition % Q2 FY23 Q1 FY23 Q2 FY22 Attrition LTM % 28.4% 35.5% 35.0% Annualised Attrition Quarterly % 27.2% 29
Slide 14: Customer Concentration – Q2 FY23
Customer Concentration – Q2 FY23 80.0% 68.8% 69.0% 70.0% 63.9% 60.0% 48.0% 48.0% 50.0% 39.6% 40.0% 30.0% 20.0% 10.0% 0.0% Q2 FY23 Q1 FY23 Q2 FY22 Top 5 Top 10 www.sasken.com | Copyright: Sasken Technologies Ltd. | Sasken Confidential 14
Slide 15: Thank You
Thank You Visit us at www.sasken.com Queries: investor@sasken.com www.sasken.com | Copyright Copyright:Sasken SaskenTechnologies TechnologiesLtd. Ltd. | Sasken Confidential www.sasken.com | Copyright: Sasken Technologies Ltd. | Sasken Confidential 15