Slide 1: Cover letter to stock exchanges
October 30, 2023 BSE Limited National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, C/1, G Block, Dalal Street, Bandra - Kurla Complex, Bandra (E), Mumbai - 400001. Mumbai – 400051. Scrip ID: KPITTECH Symbol: KPITTECH Scrip Code: 542651 Series: EQ Kind Attn: The Manager, K
Slide 2: Investor Update Q2FY24
Reimagining Mobility with YOU October 30, 2023 Investor Update Q2FY24 KPIT Technologies Ltd.
Slide 3: Forward Looking Statements
Forward Looking Statements Some of the statements in this update that are not historical facts, are forward-looking statements. These forward-looking statements include our financial and growth projections, as well as statements concerning our plans, strategies, intentions and beliefs concerning our
Slide 4: Performance Overview
• 1 March 2021 Performance Overview Q2FY24 Reimagining Mobility with YOU
Slide 5: Performance Overview
Performance Overview • Q2FY24 CC Revenue grows 51.7% Y-o-Y • FY24 CC Growth outlook increased to 37%+ from 27% - 30% earlier, EBITDA Outlook increased to 20%+ from 19%-20% earlier Wins and Revenue EBITDA PROFIT Pipeline Reported $ Q2FY24 Q2FY24 Net $ 156M worth Revenue EBITDA at 20% Profit at ₹ enga
Slide 6: Performance Highlights
Performance Highlights Broad based growth across practices and verticals. Growth led by Strategic Accounts, Passenger Car vertical, Electric 01 Powertrain, Autonomous Driving and Digital Connected Solutions practices. EBITDA margin maintained at 20% post full quarter impact of wage hikes during the
Slide 7: Additional facts - timeseries
Additional facts - timeseries Revenue $ M Consistent Performance 145.2 133.9 123.8 110.5 83.7 87.1 89.9 94.2 13 Consecutive Quarters 71.1 72.8 77.2 76.9 76.9 74.5 77.2 80.4 65.3 65.3 69.7 of Steady Revenue Growth EBITDA ₹ M 2,399 2,200 1,943 1,699 1,1501,214 1,3321,382 13 Consecutive Quarters 811 93
Slide 8: Management Quotes
Management Quotes Kishor Patil, Co-founder, CEO and MD, KPIT said,”. We are delighted to deliver another quarter, consistent with our robust performance over the last 3 years. Our medium-term business fundamentals and growth drivers remain unchanged. While the geopolitical situation and economic unc
Slide 9: Cash Flow – Major Movement
Cash Flow – Major Movement ₹M Increase in Working Capital – 127 NET CASH (₹ M) Q2FY24 Q1FY24 Gross Cash 6,275 5,727 Long Term Debt NIL NIL Technica Payout – 263 FMS Payout - 724 Short Term Debt 1,151 465 Dividend Payout - 718 NET CASH 5,124 5,262 Capex – 534 Cash and Cash Equivalents break-up ₹M In
Slide 10: New Engagements
New Engagements TCV of new engagements won during the Quarter : $ 156 million Strategic multi year engagement in the autonomous driving domain for a leading European Car Manufacturer A few strategic engagements in the electric powertrain domain for a leading American Car Manufacturer Several engagem
Slide 11: FY24 Outlook – Upgraded !!
FY24 Outlook – Upgraded !! Practice & Technology Alignment of Practices towards SDV. Technology Investments in related areas. Cross – practice collaboration, AI adoption CC Revenue Delivery and Operations Robust competency framework and relentless execution. Agile growth of 37%+ methodology adoption
Slide 12: Other Updates
• 1 March 2021 Other Updates Q2FY24 Reimagining Mobility with YOU
Slide 13: KPIT won the Product Innovation Award by NASSCOM
KPIT won the Product Innovation Award by NASSCOM KPIT won the Product Innovation Award in the Ideation to Engineering Leadership category by NASSCOM for Hydrogen Fuel Cell Electric Vehicle in the Ideation to Engineering Leadership category. 10/30/2023 12
Slide 14: KPIT leaders featured on popular media outlets
KPIT leaders featured on popular media outlets KPIT Chief Technology Officer and Board KPIT Co-founder and Chairman, Mr. Ravi Pandit Mr. Omkar Panse, Vice President - Head of Member, Mr. Anup Sable’s interview was and KPIT Co-founder, Managing Director, and Software-Defined Vehicle Middleware featur
Slide 15: KPIT at industry events and forums
KPIT at industry events and forums KPIT’s Associate Vice President, KPIT experts, took the stage at Virtual Vehicle Technica Engineering, member of KPIT Mr. Tejas Kshatriya, participated as a Symposium 2023 in Graz, Austria, to present on family was at the ADAS and AV panelist in NASSCOM ER&D’s imme
Slide 16: KPIT won the Mahatma Award for CSR Excellence 2023
KPIT won the Mahatma Award for CSR Excellence 2023 KPIT won the Mahatma Award for CSR Excellence 2023. KPIT Co-founder and Chairman, Mr. Ravi Pandit received the prestigious Mahatma Award 2023 for Lifetime Achievement. 10/30/2023 15
Slide 17: Activities from #LifeAtKPIT
Activities from #LifeAtKPIT More than 700+ KPITians around On the occasion of World EV Day, KPITians KPITians participated in the Mill Race, a charity the world showcased how they are featured on an exclusive video sharing marathon in Columbus, USA. Our volunteers, alongside Reimagining Mobility thr
Slide 18: KPIT – Societal Development Commitment
KPIT – Societal Development Commitment • Water Conservation • KPIT SPARKLE (Engg. Innovation) • Forest Conservation • SHODH (PhD researchers) • Chotte Scientists (School Children) ENVIRONMENT EDUCATION Making this world a Transforming lives of better place to live in people through science & technol
Slide 19: Financial & Operational Data Snapshot
• 1 March 2021 Financial & Operational Data Snapshot Reimagining Mobility with YOU
Slide 20: Profit & Loss Account Snapshot
Profit & Loss Account Snapshot INR MN DETAILS Q2FY24 Q1FY24 Q2FY23 Revenue from Operations 11,991.57 10,976.22 7,448.32 Other Income 85.94 78.16 94.90 Gains on Account of Business Combinations - 134.13 - Total Income 12,077.51 11,188.51 7,543.22 Operating Expenses 9,592.23 8,837.42 6,066.69 EBITDA 2
Slide 21: Balance Sheet Snapshot
Balance Sheet Snapshot INR MN ASSETS Q2FY24 Q1FY24 EQUITY & LIABILITIES Q2FY24 Q1FY24 NON-CURRENT ASSETS Equity Share Capital 2,710.13 2,706.02 Other Equity 15,862.06 15,333.75 Property, Plant & Equipment 2,174.94 2,141.45 Equity attributable to owners 18,572.19 18,039.77 Right-of-use Assets 2,818.3
Slide 22: Revenue Break-up
Revenue Break-up USD MN Verticals* Q2FY24 Q1FY24 Q2FY23 Q-o-Q Y-o-Y Passenger Cars 110.07 100.53 69.30 9.5% 58.8% Commercial Vehicles 29.06 28.78 23.75 1.0% 22.4% * The balance revenues come from others, which is not a big area as of now Business Units# Q2FY24 Q1FY24 Q2FY23 Q-o-Q Y-o-Y Feature Devel
Slide 23: P&L Metrics
P&L Metrics Q2FY24 Q1FY24 Q2FY23 Q-o-Q Y-o-Y Revenue by Contract Type Time & Material Basis 48.6% 55.0% 53.5% (4.2)% 40.1% Fixed Price Basis 51.4% 45.0% 46.5% 23.8% 70.5% Clients Strategic Client Revenue 84.0% 82.6% 85.4% 10.3% 51.7% Active Clients (Period End) 60 60 60 Revenue per Devp. Employee US
Slide 24: Currency wise revenues, Hedging Details
Currency wise revenues, Hedging Details O/s Hedge Details Q2FY24 Currency wise Hedge Rates Q2FY24 Q1FY24 Q2FY23 revenue USD/INR 83.42 USD 31.1% 34.0% 41.1% EUR/INR 92.00 EUR 44.8% 44.5% 35.4% GBP/INR 105.24 GBP 7.1% 6.0% 8.1% JPY/INR 0.63 JPY 11.4% 10.5% 6.9% Hedge Amounts(Mn) INR 3.8% 3.5% 5.9% USD
Slide 25: Headcount Data
Headcount Data Period End Headcount Q2FY24 Q1FY24 Q2FY23 Q-o-Q Y-o-Y Development 11,219 10,837 9,284 - - Enabling & Sales 752 734 632 - - Total 11,971 11,571 9,916 - - 10/30/2023 24
Slide 26: Contact Us
• 1 March 2021 Contact Us Reimagining Mobility with YOU
Slide 27: Conference Call Details
Conference Call Details Conference name : KPIT Technologies Q2 FY2024 Post Earnings Conference Call Date : Tuesday October 31, 2023 Time : 1600 Hrs. Participants : Mr. Kishor Patil, Co-founder, CEO & MD Mr. Sachin Tikekar, President, Joint MD Mr. Anup Sable, Whole-time Director & CTO Mr. Chinmay Pan
Slide 28: Contact – Investor Queries
Contact For Investor Queries Email Sunil.Phansalkar@kpit.com Desk Phone + 91 20 6770 6997 Cell + 91 98509 66011 Website www.kpit.com Sunil Phansalkar 27
Slide 29: Contact – Media Queries
Contact For Media Queries Email Sunil.R@kpit.com Desk Phone + 91 80 6606 6000 (7865) Cell + 91 99001 50180 Website www.kpit.com Sunil B R 28
Slide 30: THANK YOU !!
THANK YOU !! KPIT Technologies Ltd.