Onward Technologies Limited · NSE:ONWARDTEC
Onward Technologies — Q3 FY2024 Earnings Presentation
19 slides from Onward Technologies's earnings presentation, Jan 19, 2024
Slide 1: Exchange submission cover letter
Date: January 19, 2024 To, BSE Limited National Stock Exchange of India Ltd., Corporate Relations Department Exchange Plaza, 5th Floor, P J Towers, Dalal Street Plot No. C/1, G Block, Mumbai 400 001 Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051. Ref: Scrip Code - BSE: 517536 NSE: ONWARDTEC S
Slide 2: Q3 / 9M FY24 Earnings Presentation
Q3 /9M FY24 Earnings Presentation 19th January 2024
Slide 3: Disclaimer
Disclaimer This release may contain certain future prospects which may be a 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 statemen
Slide 4: Agenda
Overview 1 Growth Strategy 2 Agenda Financial Performance 3
Slide 5: From the Managing Director's Desk
From the Managing Director’s Desk We reported a revenue growth of 10.8% on a YoY basis and sustained a double-digit EBITDA margin of 11.0% in 9MFY24. Our commitment to profitable growth across three focused industry verticals and targeted geographies will continue. In a seasonally soft quarter, deal
Slide 6: Company at a Glance
Company at a Glance Deep Technical ₹ 354 Strong 9MFY24 88 Capabilities Active Clients Cr Revenue Digital Across All 8 of global top-11 10.8% 9MFY24 Revenue Focus Verticals automotive YoY growth 5 of global top-10 industrial EBITDA 2,604 Employees equipment ₹ 38.8 in 9MFY24 manufacturers Cr 13 Office
Slide 7: Onward Technologies: A Journey of Transformation
Onward Technologies: A Journey of Transformation Infinity Holdings bought New office in Hi-Tech Incorporated in Mr. Jigar Mehta appointed New offices in London, 24.2% equity City, Hyderabad; August 1991 by as a Managing Director Germany embedded lab in Pune New digital center in Mr. Hari
Slide 8: Focus Verticals and Business Lines
Focus Verticals and Business Lines Industrial Industrial Equipment Equipment && Transportation & Mobility Transportation & Mobility Healthcare Heavy Machinery Heavy Machinery 51% 38% 8% 41% Digital Digital Engineering Big Data Cloud & DevOps AI/ML Digital with Automation Analytics AR/VR Embedded Emb
Slide 9: Agenda
Overview 1 Growth Strategy 2 Agenda Financial Performance 3
Slide 10: Growth Strategy
Growth Strategy Investments in business building Steady growth in offshore leverage Multi-year Client Engagements Investments in talent to address client demand Consistent industry leading growth
Slide 11: Agenda
Overview 1 Growth Strategy 2 Agenda Financial Performance 3
Slide 12: Key Highlights – Q3 / 9M FY24
Key Highlights – Q3 / 9M FY24 • Reported 9MFY24 revenue growth of 10.8% YoY to ₹353.9 crore with double-digit EBITDA margin of 11.0% and PAT grew by 6.4 times YoY to ₹27.2 crore. • Reported Q3FY24 revenue decline by 5.1% QoQ to ₹114.1 crore with EBITDA margin of 8.2% primarily impacted due to higher
Slide 13: Consolidated Financial Summary – Q3 / 9M FY24
Consolidated Financial Summary – Q3 / 9M FY24 QoQ YoY YoY Particulars (in ₹ Crore) Q3 FY24 Q2 FY24 Q3 FY23 9M FY24 9M FY23 Growth Growth Growth Revenue from Operations 114.1 120.2 (5.1%) 115.8 (1.5%) 353.9 319.6 10.8% Other Income 4.1 1.4 187.4% 1.1 267.6% 8.2 3.7 123.4% Total Revenue 118.2 121.7 (2
Slide 14: Consolidated Financial Summary – Q3 FY24
Consolidated Financial Summary – Q3 FY24 (Figures in ₹ Crore) Revenue from Operations EBITDA & EBITDA % PBT & PBT % PAT & PAT % 12.5% 10.7% 8.0% 8.2% 8.6% 5.7% 5.9% 3.3% 2.1% 115.8 120.2 114.1 6.6 15.0 9.3 3.8 12.8 9.8 2.5 9.6 6.8 Q3 FY23 Q2 FY24 Q3 FY24 Q3 FY23 Q2 FY24 Q3 FY24 Q3 FY23 Q2 FY24 Q3 FY
Slide 15: Consolidated Financial Summary – 9M FY24
Consolidated Financial Summary – 9M FY24 (Figures in ₹ Crore) Revenue from Operations EBITDA & EBITDA % PBT & PBT % PAT & PAT % 11.0% 10.2% 7.7% 4.1% 1.8% 1.3% 319.6 353.9 13.2 38.8 5.9 36.2 4.3 27.2 9M FY23 9M FY24 9M FY23 9M FY24 9M FY23 9M FY24 9M FY23 9M FY24 10.8% YoY 193.9% YoY 514.9% YoY 540.
Slide 16: Revenue Metrics
Revenue Metrics Particulars Q3 FY24 Q2 FY24 9M FY24 9M FY23 ER&D 57% 57% 58% 70% Revenue by Business (%) Digital 41% 41% 40% 16% ITS 2% 2% 2% 14% Industrial Equipment & Heavy Machinery 51% 52% 52% 55% Transportation & Mobility 38% 37% 37% 30% Revenue by Industry (%) Healthcare 8% 8% 9% 8% Others 3%
Slide 17: Operating Metrics
Operating Metrics Particulars Q3 FY24 Q2 FY24 9M FY24 9M FY23 Active Clients 88 96 88 97 Top 5 49% 50% 49% 42% Client Base Top 10 66% 67% 66% 56% Top 25 85% 85% 84% 80% Clients with 13 15 13 15 Annual Billing > USD 1mn Employee Base Total Employees 2,604 2,674 2,604 2,973 DSO Days 72 76 72 85
Slide 18: Shareholding Pattern
Shareholding Pattern Shareholding Pattern as on December 2023 Key Institutional Holdings Holding % Infinity Direct Holdings 17.3% Kotak Mahindra Life Insurance 2.9% Company Ltd. Promoters 38% Whiteoak Capital Fund 3.1% Public 54% India Acorn Fund Ltd 1.0% Ashoka India Equity Investment 0.8% Trust Pl
Slide 19: Thank You
Thank You For Further Information, Please Contact: Asha Gupta - asha.gupta@in.ey.com Anushka Khanna - anushka.khanna@in.ey.com
Onward Technologies — Q3 FY2024 Earnings Presentation on 6ix