Onward Technologies Limited · NSE:ONWARDTEC
Onward Technologies — Q1 FY2025 Earnings Presentation
28 slides from Onward Technologies's earnings presentation, Jul 19, 2024
Slide 1: Stock exchange submission letter
Ref No.: OTL/Secretarial/SE/2024-25/35 Date: July 19, 2024 To, Bombay Stock Exchange Limited National Stock Exchange of India Ltd., Phiroz Jeejeebhoy Towers, Plot No. C/1 'G' Block Dalal Street, Mumbai – 400023 Bandra – Kurla Complex Bandra East, Mumbai 400051 Ref: Scrip Code - BSE: 517536 NSE: ONW
Slide 2: Earnings Presentation Q1FY25
EARNINGS PRESENTATION Q1FY25 19th July 2024
Slide 3: Disclaimer
Disclaimer This release may contain certain future prospects, which may be forward-looking statements. Forward-looking statements, by their nature, involve a number of risks and uncertainties that could cause actual results to differ materially from market expectations. These forward-looking stateme
Slide 4: Table of Contents
1 2 Onward Technologies Overview of Verticals: At Glance IE&HM, T&M, HCLS 3 4 Table of Contents Future RoadMap Financial Performance 5 Corporate Updates
Slide 5: Onward Technologies At Glance
01 Onward Technologies At Glance
Slide 6: Company at a Glance
Company at a Glance We are a Software Outsourcing Company Specialized in Digital and ER&D Services with GLOBAL STRATEGIC ROBUST FOOTPRINT VERTICALS FINANCIALS 2,493 Industrial 24% CAGR ₹ 117.6 Cr Equipment & Heavy Revenue Employees Revenue Machinery (IE&HM) (FY22 – FY24) 12 Offices Transportation 9t
Slide 7: Journey so far....
Journey so far…. Transformation from IT Service Provider to a pure play Digital and ER&D Service Provider Focus on IT services Strategic shift to ER&D and Digital Transformation 1991-2015 2016 - 2018 2019 - 2020 2021 - 2022 2023 - 2024 • Founded in August 1991 by • Mr. Jigar Mehta appointed as • Int
Slide 8: Overview of Verticals: IE&HM, T&M, HCLS
02 Overview of Verticals : IE&HM, T&M, HCLS
Slide 9: Focus Verticals and Business Lines
Focus Verticals and Business Lines ➢ Industrial Equipment Digital & Heavy Machinery Embedded ➢ Transportation & • Platform Services - • Engineering Automation Mobility Hardware, Software • Big Data Analytics • Connectivity Solutions • Cloud & DevOps ➢ Healthcare & Life • Product Sustenance & • AI/ML
Slide 10: Industrial Equipment & Heavy Machinery (IE&HM) Vertical
Industrial Equipment & Heavy Machinery (IE&HM) Vertical Industrial Equipment Off-Highway Power Generation Material Handling Engineering Services • Product Development – Off-Highway Products, Electrolyzers (Hydrogen Power) 1,300+ Engineers | 52% of revenue in FY24 • Functional Safety Specialized in V
Slide 11: Transportation & Mobility (T&M) Vertical
Transportation & Mobility (T&M) Vertical Interiors & infotainment Platform & validation Autonomous & connected cars Electrification Embedded Electronics and Software 950+ Engineers | 37% of revenue in FY24 • System Engineering, Functional Safety & Cybersecurity • Expertise in Automotive (Cars, Truck
Slide 12: Healthcare & Life Sciences (HCLS) Vertical
Healthcare & Life Sciences (HCLS) Vertical Medical Devices Lab & analytical instrumentation Digital Health Pharma Digital Services Domain • Dev Ops • App Development – Web and Mobile Expertise across standards and geographies – ISO 13485, IEC • Data Analytics and Visualization 62304, ISO 14971, IEC
Slide 13: Future Roadmap
03 Future Roadmap
Slide 14: Future Roadmap
Future Roadmap Our Transformation Journey (2020 – 2024) Strategic Growth Plan (2024 and Beyond) • Established as a specialized Digital and Engineering R&D • Solid Foundation & Leadership: Leveraging our strong services entity. foundation and experienced leadership team to foster • Streamlined operat
Slide 15: Our Distinctive Strengths
Our Distinctive Strengths Design Thinking and Digital Transformation Committed to an exclusive focus on design thinking, digital transformation, and product engineering to drive innovation and success. Robust Processes and Specialized Tools Highlighting the use of field-tested processes and speciali
Slide 16: Financial Performance
04 Financial Performance
Slide 17: Key Highlights – Q1FY25
Key Highlights – Q1FY25 • EBITDA stood at ₹ 11.7 crore, reflecting a growth of 20.6% QoQ with EBITDA margin of 9.9% in Q1FY25. • Continued to maintain momentum in its focused verticals in Q1FY25: • Industrial Equipment & Heavy Machinery contributed 56% of consolidated revenues. • Transportation & Mo
Slide 18: Consolidated Financial Summary – Q1FY25
Consolidated Financial Summary – Q1FY25 QoQ YoY YoY Particulars (in ₹ Crore) Q1 FY25 Q4 FY24 Q1 FY24 FY24 FY23 Growth Growth Growth Revenue from Operations 117.6 118.4 (0.7%) 119.6 (1.7%) 472.4 440.9 7.1% Other Income 1.8 2.8 (35.7%) 0.4 350.0% 7.3 3.4 114.7% Total Revenue 119.4 121.2 (1.5%) 120.0 (
Slide 19: Consolidated Financial Summary – Q1FY25
Consolidated Financial Summary – Q1FY25 (ALL FIGURES IN ₹ CRORE) Revenue from Operations EBITDA & EBITDA Margin % 13.9% 0.7% 8.2% 9.9% 20.6% QoQ QoQ 119.6 118.4 117.6 16.7 9.7 11.7 1.7% 29.9% YoY YoY Q1FY24 Q4FY24 Q1FY25 Q1FY24 Q4FY24 Q1FY25 PBT & PBT Margin % PAT & PAT Margin % 11.3% 9.1% 7.7% 8.2%
Slide 20: Consolidated Financial Summary – FY24
Consolidated Financial Summary – FY24 (ALL FIGURES IN ₹ CRORE) Revenue from Operations EBITDA & EBITDA Margin % 11.1% 6.6% 7.1% 78.2% 440.9 472.4 29.3 52.2 YoY YoY FY23 FY24 FY23 FY24 PBT & PBT Margin % PAT & PAT Margin % 9.6% 7.2% 4.1% 2.6% 151.1% 195.5% 18.0 45.2 YoY YoY 11.5 33.9 FY23 FY24 FY23 F
Slide 21: Revenue Metrics
Revenue Metrics Particulars Q1FY25 Q4FY24 Q1FY24 FY24 FY23 ER&D 81% 78% 61% 63% 70% Revenue by Business (%) Digital 19% 20% 37% 35% 17% ITS - 2% 2% 2% 13% Industrial Equipment & Heavy Machinery 53% 53% 52% 55% 56% (IE&HM) Revenue by Industry (%) Transportation & Mobility (T&M) 37% 38% 35% 37% 30% He
Slide 22: Operating Metrics
Operating Metrics Particulars Q1FY25 Q4FY24 Q1FY24 FY24 FY23 Active Clients 86 84 93 84 98 Top 5 51% 51% 47% 50% 43% Top 10 68% 67% 66% 66% 58% Client Base Top 25 84% 85% 85% 84% 81% Clients with 11 13 15 13 15 Annual Billing > USD 1mn Employee Metrics Total Employees 2,493 2,529 2,646 2,529 2,798 D
Slide 23: Key Performing Indicators
Key Performing Indicators Particulars (In ₹ Crore) FY22 FY23 FY24 Reasons Revenue from Operations 307.3 440.9 472.4 Revenue growth from USA and Europe Other Income 21.5 3.4 7.3 Interest income earned on fixed deposits (FD) Total Income 328.8 444.3 479.7 Employee Benefit 238.8 351.3 357.7 Investment
Slide 24: Corporate Updates
05 Corporate Updates
Slide 25: Awards & Recognition – FY24
Awards & Recognition – FY24 Recognized Recognized Honoured with "Best Family Selected as the Best Employer Managed Business" at the Business Brand for the second time in a row Leader of the Year awards 2024 at the Employer Branding Awards 2023 Positioned as Major Contender Featured as cover story in
Slide 26: Strengthened Foundation
Strengthened Foundation 25
Slide 27: Presence Across Geographies
Presence Across Geographies Toronto Mumbai (Corporate HQ) Pune London Amsterdam Chicago Detroit Frankfurt Hyderabad Chennai Bangalore 26
Slide 28: Thank You
Thank You The software expert to transform your business at speed and scale. Onward Technologies (BSE: 517536) (NSE: ONWARDTEC) is a leading digital and ER&D outsourcing firm headquartered in Mumbai. We empower global OEMs with rapid innovation and market readiness, optimizing their R&D returns. A r
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