Cigniti Technologies Limited · NSE:CIGNITITEC
Cigniti Technologies — Q2 FY2023 Earnings Presentation
21 slides from Cigniti Technologies's earnings presentation, Oct 21, 2022
Slide 1: Investor Update Q2 & H1-FY23
Ofelia ey Investor Update Q2 & H1-FY23 : eee . > oo ‘i \\ | Xx World's Leading AI & IP-led Digital Assurance & Digital Engineering Mle olor a
Slide 2: Q2FY23 Highlights
Q2FY23 Highlights The Company has accelerated its revenue in the current quarter by Ng 6.65 ye) Vs 10.2% to Rs. 416.65 Cr. in comparison to previous quarter. Ne mela Revenue (INR in Cr.) Semen Ces Kel Ue The Company during the quarter has won 9 new clients. Growth has been achieved with change in st
Slide 3: Q2FY23 Financials (INR in Cr.)
Q2FY23 Financials (INR in Cr.) Revenue Resource Mix in % Revenue Mix in % ( ~ (~ ~ 416.65 Resource Mix (in %) Revenue Mix (in %) ©. othe” 778 78.0 50.0 495 50.0 50.5 49: 377.97 7 22.2 22.0 Onsite Offshore Onsite Offshore Q1 (FY:23) Q2 (FY:23) mQi mQ2 mQ1 mQ2 \ J \. Sf e e C IQ Nn | t I www.cigniti.c
Slide 4: Client Composition / Geography Mix of Revenue
Client Composition / Geography Mix of Revenue CLIENT CONTRIBUTION TO REVENUE (%) Q4 (FY: 22) @ Q1 (FY: 23) @ Q2 (FY: 23) 48.9% 46.8% PM Ey 33.6% 34.1% 22.5% 23.0% < 6.7% 6.8% Top 1 Client Top 5 Clients Top 10 Clients Top 20 Clients i ) AN OR Re Pe ae aS ets Number of Active Clients 235 246 New Clien
Slide 5: Employee Metrics
Employee Metrics r Utilization (in %) veu 4.6% 96.1 96.4 j 76.6 76.9 YP ar a ae _Support Functions 23.9% Onsite Offshore gQi =Q2 N Utilization Q1 FY23 Q2 FY23 eX-Kve LU eorem iV b4 Q1 FY23 oh DV: Onsite 96.1% 96.4% Onsite 22.2% 22.0% Offshore 76.6% 76.9% Offshore 77.8% 78.0% Cigniti www.cigniti.com
Slide 6: Revenue By Sector (%)
Revenue By Sector (%) 22.1% 19.7% 16.6% 13.99 i 12.7% 12.2% = BFSI Others Retail & e-Commerce __ Travel, Transport, HCLS =and Utilities Hospitality & Entertainment Cigniti www.cigniti.com | Unsolicited Distribution is Restricted. Copyright @ 2022, Cigniti Technologies
Slide 7: Cigniti — Engineer | Assure | Transform
Cigniti — Engineer | Assure | Transform Strategic Digital Transformation Partner Digital Assurance Services Digital Engineering Services e e s C IQ N | t I www.cignitiicom | Unsolicited Distribution is Restricted. Copyright @ 2022, Cigniti Technologies
Slide 8: Our Key Offerings — Assurance
Our Key Offerings — Assurance Ce Digital Assurance Functional and non-functional pe End to End Migration DevOps ‘ testing on Automation Assurance 4d ei rvic aa loT Assurance 5G Service Mobility Virtualization Assurance Advisory & Blockchain Transformation e e C IQ N | t I www.cignitiicom | Unsolicit
Slide 9: Our Key Offerings — Engineering
Our Key Offerings — Engineering Agile Application Development Product Customer Consulting Engineering Experience Al, Big Dat Strategic . Hyper- 'e ata 5 Agile intelligent lies Capacity Assurance 2 . Blockchain Expansion Automation 3 Cybersecurity www.cigniti.com | Unsolicited Distribution is Restric
Slide 10: Accelerating Digital Transformation - an IP & Platform-led approach
Accelerating Digital Transformation - an IP & Platform-led approach BlueSwan™ Zastra™ Al-led & next-gen proprietary Digital Enterprise-grade annotation & collaboration Assurance platform platform for computer vision projects Verita Incight Data Ingestion from $3 / Al-enabled Quality Customer Digital
Slide 11: Board Members
Board Members SRIKANTH CHAKKILAM CV SUBRAMANYAM Chief Executive Officer, Cigniti PACA Ne Gi eFelietits leu 1B) Technologies Inc; USA ndependent Director Vi PHANEESH MURTHY SRINATH BATNI NOORAINE FAZAL K CH SUBBARAO Independent Director Independent Director independent Virector Non-Executive Director
Slide 12: Led by Dedicated Promoters & Managed by Professional Leadership Team
Led by Dedicated Promoters & Managed by Professional Leadership Team Srikanth Chakkilam, Chief Executive Officer, Cigniti Technologies Inc; USA C V Subramanyam, Chairman and Managing Director Drives client acquisition strategies, provides oversight to Sales, sets business targets, * In 1998, Mr. Sub
Slide 13: Awards & Recognitions
Awards & Recognitions Awards & Recognitions » NelsonHall recognizes Cigniti’s Digital Assurance leadership. Forrester recognizes Cigniti as a Strong Performer in Continuous Automation & Testing Services. ISG recognized Cigniti as a Leader in Continuous Testing. » Positioned in Gartner’s Magic Quadra
Slide 14: Financial Highlights Q2FY23- Consolidated
Financial Highlights Q2FY23- Consolidated All values are in INR Million Tail el ey Q2FY23 Q2FY22 Q1 FY23 Income Revenue from operations 4,167 3,079 35.3% 3,780 10.2% Revenue from operations (SM) 52.37 42.15 49.17 Expenses Employee benefit expense 2,409 1,807 33.3% 2,294 5.0% Hired Contractors Cost 7
Slide 15: Financial Highlights H1FY23- Consolidated
Financial Highlights Q2FY23- Consolidated All values are in INR Million Particulars Income Revenue from operations 7,946 5,723 38.9% Revenue from operations (SM) 101.54 78.19 Expenses Employee benefit expense 4,703 3,462 35.8% Hired Contractors Cost 1,552 1,058 46.7% Other expenses 638 640 -0.3% EBI
Slide 16: Cigniti's Consolidated Balance Sheet
Cigniti’s Consolidated Balance Sheet All values are in INR Million meade) elas H1 FY23 P22 ad eblel ae H1 FY23 CPs Non-Current assets Equity & Liabilities Property Plant & equipment 340 326 Right-to-use asset 214 255 Equity share capital 273 281 Goodwill 740 549 Other equity 4,622 4,318 Other intang
Slide 17: Financial Highlights 12MFY22- Consolidated
Financial Highlights 12MFY22- Consolidated All values are in INR Million ate Les 12MFY22 12MFY21 eee Income Revenue from operations 12,418 8,965 38.5% Revenue from operations (SM) 164 118 Expenses Employee benefit expense 7,393 5,216 41.7% Other expenses 3,733 2,295 62.7% EBITDA 1,292 1,454 -11.1% %
Slide 18: Cigniti's Consolidated Balance Sheet
Cigniti’s Consolidated Balance Sheet All values are in INR Million Property Plant & equipment Equity & Liabilities Right-to-use asset Equity share capital Goodwill Other equ Capital WIP Sub total Other intangible assets Non-current liabilities Financial assets Financial liabilities Investment Lease
Slide 19: Cashflow Generation
Cashflow Generation AU Barve H1' FY 2023 FY 2022 Cash Generation Profit before tax 943 1,215 “* Cash and cash equivalents (including fixed deposits) at a (+/-) Non-cash & non operating Items 149 196 healthy levels of 893 Mn. Operating Profit before WC Changes 1,092 1,411 ** Company has invested in M
Slide 20: Disclaimer
Disclaimer This presentation is strictly confidential and may not be copied, published, distributed or transmitted. The information in this presentation is being provided by Cigniti Technologies Ltd. (also referred to as ‘Company’). By attending a meeting where this presentation is made, or by readi
Slide 21: Global office locations
India Hyderabad Cigniti Technologies Ltd. 6th Floor, ORION Block, "The V" (Ascendas) Plot #17 Software Units Layout Madhapur, Hyderabad-500081 US US UK Cigniti Technologies Inc. 630 Freedom Business Center, Cigniti Technologies (UK) Limited 433 E Las Colinas Blvd, 3rd Floor, King of WeWork , 8 Devon
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