Slide 1: Wipro Limited Investor Presentation
Wipro Limited Investor Presentation For the quarter and year ended March 31, 2023
Slide 2: Safe Harbor
Safe Harbor This presentation may contain certain “forward looking” statements, which involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those that may be projected by these forward-looking statements. These uncertainties have been de
Slide 3: Agenda
Agenda •Our track record on performance •Overall Market Opportunity •Our Strategy •Key Highlights ©
Slide 4: Our track record on performance
Our track record on performance ©
Slide 5: Growth in IT Services business
Growth in IT Services business $11,160 IT Services Revenue ($M) $10,356 $7,895 $8,120 $8,253 $8,137 $7,346 $7,705 $6,618 $7,082 $6,218 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 IT Services Business has grown at a CAGR of over 6.0% i
Slide 6: Q4'23 Revenue Distribution – Diversified Portfolio
Q4’23 Revenue Distribution – Diversified Portfolio Revenue Mix Strategic Market Unit Mix (%) Revenue Contribution 28.8 30.7 29.3 11.2 Top Customer 3.2% Top 5 Customers 13.0% Americas 1 Americas 2 Europe APMEA Top 10 Customers 20.8% Customer Metrics* Global Business Line Mix (%) Customers > $100M 19
Slide 7: Overall market opportunity
Overall market opportunity ©
Slide 8: Global Market Size
Global Market Size 178 147 152 India’s offshore IT & BPO exports ($B) 137 126 117 108 99 88 76 59 69 47 48 40 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 CAGR of 12% in last 15 years 1. The growth is driven by increased demand for infrastructure management and networki
Slide 9: Our strategy
Our strategy ©
Slide 10: Our vision
AMBITIONS REALIZED Our vision. BE A TRUSTED PARTNER to our clients in their transformation journey and enable them in achieving leadership in their respective industries. ORCHESTRATE VALUE for our clients as part of their transformation journey through sector-focused ‘Business solutions’, ‘Digital’
Slide 11: Our ambition
AMBITIONS REALIZED Our ambition. Be a fast- Be known for Be a true growing, attracting global leader dynamic, and top talent from in our industry innovative different company industries ©
Slide 12: Our five strategic priorities
Our five strategic priorities. 01 Focus & scale Accelerate growth • Prioritized sectors & markets 04 Build talent @ scale • Building talent across domains, tech and sales roles • Best of Wipro to our clients • Up-skilling/Re-skilling @ scale • Diverse and Local 02 Strengthen clients • 5 Habits-led h
Slide 13: Our operating model
Our operating model. Sectors organized by markets "Where clients are" Horizontals organized Americas Americas Europe APMEA by capabilities 1 2 "Where client delivery resides" Integrated Digital, Engineering & Application Services (iDEAS) 1 2 Global business lines* Infra Cloud, Digital Operations, Ri
Slide 14: Key highlights
Key highlights ©
Slide 15: Financial summary for the quarter ended March 31, 2023
Financial summary for the quarter ended March 31, 2023 All figures based on IFRS Q4’23 ( ₹ million) QoQ Growth YoY Growth IT Services Revenue 230,444 0.0% 11.5% IT Services Operating 37,646 0.4% 7.5% Income • IT Services Segment Revenue in dollar terms was $2,823.0 million • IT Services Segment Reve
Slide 16: Other highlights for the quarter
Other highlights for the quarter • Total bookings of over $4.1 billion in TCV terms, grew 29% YoY CC for the quarter • Closed 15 large deals resulting in a TCV of over $1.1 billion, grew by 155% YoY CC in Q4’23 • Voluntary attrition decreased 330 bps from previous quarter, landing at 14.1% on a quar
Slide 17: Outlook
Outlook for Quarter ending June 30, 2023 QoQ CC -3.0% to -1.0% We expect the revenue from our IT Services business including India State Run Enterprise (ISRE) segment to be in the range of $2,753 million to $2,811 million* * Outlook for the Quarter ending June 30, 2023, is based on the following exc
Slide 18: Education, Ecology, Community care highlights
Education, Ecology, Community care highlights Ecology Education Community Care • School Education: Supported over • Planted more than 40,000 trees • 47% of electricity from 61,000 children, 4,000 teachers through our project in Agroforestry Renewable sources through ~130 partner NGOs in Tamil Nadu •
Slide 19: Thank You
Thank You ©
Slide 20: Reconciliation of selected GAAP measures to Non-GAAP measures (1/2)
Reconciliation of selected GAAP measures to Non-GAAP measures (1/2) Reconciliation of Gross Cash and Net Cash as of March 31, 2023 Amount in INR Mn Amount in $Mn1 Computation of Gross Cash and Net Cash Cash & Cash Equivalents 91,880 1,118 Investments - Current 309,232 3,762 Gross Cash 401,112 4,880
Slide 21: Reconciliation of selected GAAP measures to Non-GAAP measures (2/2)
Reconciliation of selected GAAP measures to Non-GAAP measures (2/2) Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($Mn): Three Months ended March 31, 2023 IT Services Revenue as per IFRS $ 2,823.0 Effect of Foreign currency exchange movement $ (3