Slide 1: Stock exchange cover letter for investor presentation
HEXT/SE/2026/76 Date: July 29, 2026 To, The Manager The General Manager Listing Department Department of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra-Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East), Mumbai - 400 051 Dalal Street, Mumbai - 400
Slide 2: Investor Presentation – Q2CY26
Investor Presentation – Q2CY26 July 2026 © 2026 Hexaware Technologies
Slide 3: Safe Harbor Statement / Forward-looking and Cautionary Statement / Disclaimer
Safe Harbor Statement / Forward-looking and Cautionary Statement / Disclaimer Certain statements in this presentation concerning our future growth prospects, litigations are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ mater
Slide 4: Key Financial and Business Highlights
Key Financial and Business Highlights Business Highlights Financial Highlights The Pivot to AI Revenue: • Continue to launch 1 new service per month • Q2CY26: USD 405.4 Mn | INR 38,452 Mn • Scale programs to proactively infuse AI in all current customers, led by AI champion SPOCs o USD : +4.4% QoQ;
Slide 5: Experimenting with different pricing models to maximize customer value and participate in token economics
We are experimenting with different pricing models to both maximize value for customers and participate in Token economics HUMAN COST* HUMAN + TECHNOLOGY** AI (Traditional / People-led) (AI-enabled / Augmented) INPUT • Hybrid Squad (Human & Agent) • Hybrid Squad (Human & Agent) • AI Rate Card • Plat
Slide 6: Partnership Strategy
Partnership Strategy Every enterprise will have access to the same frontier models. Differentiation comes from what sits above them — vertical depth and client- specific context. We partner at all three layers. Vertical Products/Platforms complementary, not competing Hexaware platforms Agentverse ·
Slide 7: Winning Across Domains: Key Successful Deals
Winning Across Domains: Key Successful Deals German biotechnology Capital Market Institution American international UK music copyright company financial services company organization AI for Business Zero License AI led middle office Legacy Modernization transformation Public University based out of
Slide 8: Q2CY26 Financial Highlights
Q2CY26 Financial Highlights Revenue (USD Mn) Reported EBIT (USD Mn) Q2CY26 reported EBIT of 13.6% YoY (%) 8.6% 4.6% 6.1% • + 68 bps QoQ QoQ (%) 2.8% (0.1%) 4.4% Margin (%) 10.1% 13.0% 13.6% • - 102 bps YoY vs Q2CY25 adjusted EBIT of $405 $55 14.7% $50 $38 $389 $382 Q2CY25 Q1CY26 Q2CY26 Q2CY25 Q1CY26
Slide 9: Diverse Presence Across Verticals and Geographies
Diverse Presence Across Verticals and Geographies Vertical Split (%) Geographic Split (%) IT - BPS Split(%) 7% 2% 6% 11% 9% 29% 20% Q2CY26 Q2CY26 Q2CY26 14% Revenue Revenue Revenue Split Split Split 16% 23% 74% 89% Q2CY26 Q2CY26 Q2CY26 Growth (%)(1) QoQ YoY Growth (%)(1) QoQ YoY Growth (%)(1) QoQ Yo
Slide 10: Diverse Clientele with Strong Relationship
Diverse Clientele with Strong Relationship Client Pyramid (# LTM) Revenue Contribution by Customer Group (%) USD Mn(1) Q2CY25 Q2CY26 50.1% 49.1% 48.7% >$75 3 2 >$50 4 4 36.6% 35.9% 35.7% >$20 15 16 25.8% 25.6% 25.3% >$10 31 34 >$5 66 65 >$1 197 206 Top 5 customers Top 10 customers Top 20 customers L
Slide 11: Enhancing Operational Efficiency Through Revenue Optimization and Talent Management
Enhancing Operational Efficiency Through Revenue Optimization and Talent Management Revenue Mix – Onshore & Offshore (%)(1) Total Headcount (#) Onshore IT Services (%) Offshore IT Services (%) 33,590 33,844 33,798 34,506 32,410 46.7% 48.8% 48.1% 48.5% 48.0% 53.3% 51.2% 51.9% 51.5% 52.0% Q2CY25 Q3CY2
Slide 12: Cash Flow, ETR, and EPS Metrics
Cash Flow, ETR, and EPS Metrics DSO (Days) (1) LTM OCF / Reported Profit – Cash Conversion (%) DSO - Billed DSO - Unbilled 78 126.4% 126.6% 127.1% 125.1% 124.7% 73 73 75 67 33 31 39 36 29 40 37 38 44 39 Q2CY25 Q3CY25 Q4CY25 Q1CY26 Q2CY26 Q2CY25 Q3CY25 Q4CY25 Q1CY26 Q2CY26 Effective Tax Rate (%) Basi
Slide 13: Will continue growth momentum, but reduced guidance due to narrow runway
Will continue growth momentum, but reduced guidance due to narrow runway Update on Deals: • Q2 witnessed continued strong deal momentum, with wins across consolidation, outsourcing, and transformation programs. • Increased deal momentum in > $10 Mn legacy modernization programs. • Consolidation deal
Slide 14: Appendix
Appendix
Slide 15: Awards and Recognition
Awards and Recognition Europe, UK & Ireland, BeLux, v Germany Recognized as a Finalist in Generative AI for Content Creativity category at the ET AI Awards 2026 Hexaware Earned Top Rankings Achieved Gold Stevie for Fastest Growing Company of the Year at the 2025 American Business Awards® Recognized
Slide 16: Creating Meaningful Impact Beyond Business
Creating Meaningful Impact Beyond Business ESG and Sustainability Awards • Ecovadis Assessment: Hexaware is in the top 5% globally, awarded a Gold medal with a score of 82, placing us in the 98th percentile worldwide • S&P Global CSA: Got a score of 83/100 and 97th percentile, featured in the yearbo
Slide 17: Thank You
Thank You Please direct all inquiries to Investorrelations@hexaware.com
Slide 18: Investor Factsheet – Q2CY26
Investor Factsheet – Q2CY26 July 2026 © 2026 Hexaware Technologies
Slide 19: Key Financial Metrics
Key Financial Metrics Quarterly Metrics Change In INR million unless stated otherwise Q2CY26 Q1CY26 Q2CY25 QoQ (%) YoY (%) Revenue (USD Mn) $405.4 $388.5 $382.1 4.4% 6.1% Revenue – Constant Currency (CC) 4.4% 6.3% Revenue (INR Mn) 38,452 36,130 32,607 6.4% 17.9% Profitability Reported EBIT (USD Mn)
Slide 20: Key Revenue Metrics – Q2CY26 (INR)
Key Revenue Metrics – Q2CY26 Revenue by Vertical % of % of % of In INR million Q2CY26 Q1CY26 Q2CY25* Revenue Revenue Revenue Financial Services 11,029 28.7% 10,682 29.6% 9,784 30.0% Healthcare and Insurance 8,897 23.1% 8,189 22.7% 6,741 20.7% Manufacturing and Consumer 6,148 16.0% 5,810 16.1% 4,690
Slide 21: Key Revenue Metrics – Q2CY26 (USD)
Key Revenue Metrics – Q2CY26 Revenue by Vertical % of % of % of In USD million Q2CY26 Q1CY26 Q2CY25* Revenue Revenue Revenue Financial Services 116 28.7% 115 29.6% 115 30.0% Healthcare and Insurance 94 23.1% 88 22.6% 79 20.7% Manufacturing and Consumer 65 16.0% 63 16.1% 55 14.4% Professional Service
Slide 22: Key Client and Operational Metrics
Key Client and Operational Metrics Customer Concentration(1) Q2CY26 Q1CY26 Q2CY25 Top 5 customers 25.3% 25.6% 25.8% Top 10 customers 35.7% 35.9% 36.6% Top 20 customers 48.7% 49.1% 50.1% Client Pyramid(2) Q2CY26 Q1CY26 Q2CY25 $75 million + 2 3 3 $50 million + 4 4 4 $20 million + 16 15 15 $10 million
Slide 23: Other Key Metrics
Other Key Metrics Days Sales Outstanding (DSO) # of Days^ Q2CY26 Q1CY26 Q2CY25 DSO - Billed 39 44 40 DSO - Unbilled 39 31 33 USD / INR Exchange Rate Q2CY26 Q1CY26 Q2CY25 Period Closing Rate 94.66 94.84 85.76 Period Average Rate 94.86 92.60 85.27 ^DSO is computed based on trailing 3 months of USD rev
Slide 24: Summary of Consolidated Profit and Loss in USD million
Summary of Consolidated Profit and Loss in USD million Change Q2CY26 Q1CY26 Q2CY25 QoQ (%) YoY (%) Revenue 405.4 388.5 382.1 4.4% 6.1% Revenue – Constant Currency 4.4% 6.3% (-) Employee Benefits Expense 238.9 231.8 223.2 3.1% 7.0% (-) Other Expenses 102.6 96.6 111.6 6.2% (8.1%) (-) D&A 8.6 9.7 8.8 (
Slide 25: Summary of Consolidated Profit and Loss in INR million
Summary of Consolidated Profit and Loss in INR million Change Q2CY26 Q1CY26 Q2CY25 QoQ (%) YoY (%) Revenue 38,452 36,130 32,607 6.4% 17.9% (-) Employee Benefits Expense 22,664 21,457 19,078 5.6% 18.8% (-) Other Expenses 9,735 8,965 9,485 8.6% 2.6% (-) D&A 817 907 752 (9.9%) 8.6% Reported EBIT 5,236
Slide 26: Summary of Consolidated Balance Sheet in INR million
Summary of Consolidated Balance Sheet in INR million As of period ending Jun-26 Dec-25 Assets Property, plant and equipment and intangible assets 10,826 9,415 Right-of-use assets 6,191 6,116 Goodwill 37,710 35,768 Capital work-in-progress 515 505 Deferred tax assets (net) 4,352 4,043 Other non-curre
Slide 27: Summary of Consolidated Cash Flow in INR million
Summary of Consolidated Cash Flow in INR million H1CY26 H1CY25 Profit before tax 9,135 9,046 D&A, ESOP cost, Finance cost & other items 1,968 1,774 Changes in working capital (5,336) (4,811) Taxes (1,839) (1,444) Net cash generated from operating activities (OCF) 3,928 4,565 Capex (775) (869) Invest
Slide 28: Reconciliation of Adj. EBITDA (Based on USD P&L)
Reconciliation of Adj. EBITDA (Based on USD P&L) Q2CY26 Q1CY26 Q2CY25 Reported EBITDA Margin 14.5% 16.0% 17.2% Add: ESOP compensation cost 0.2% 0.4% 0.4% Add: ERP transformation cost(1) - 0.3% 0.7% Add: Non-recurring employee benefits and - - 1.0% severance costs Add: Acquisition related costs(2) 0.
Slide 29: About Hexaware Technologies, Disclaimer, Contact
About Hexaware Technologies We are a global digital and technology services company with artificial intelligence (“AI”) at its core. We leverage technology to deliver innovative solutions that help our customers in their digital transformation journey and subsequent operations. We embed AI into ever
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