Happiest Minds Technologies Ltd. · NSE:HAPPSTMNDS
Happiest Minds Technologies — Q1 FY24 Earnings Presentation
22 slides from Happiest Minds Technologies's earnings presentation, Aug 8, 2023
Slide 1: Earnings presentation filing letter to BSE and NSE
Happiest Minds Technologies Limited Regd. Office: #53/1-4, Hosur Main Road, Madivala, Bengaluru-560068, Karnataka, India CIN of the Co. L72900KA2011PLC057931 P: +91 80 6196 0300, F: +91 80 6196 0700 Website: www.happiestminds.com Email: investors@happiestminds.com August 08, 2023 Listing Compliance
Slide 2: Investor Presentation & Fact Sheet: Q1 FY 24
Investor Presentation & FACT SHEET: Q1 FY 24 August 2023
Slide 3: About Happiest Minds
About Happiest Minds Next-Gen Digital Transformation, Infrastructure, Security and Product Engineering Services Company Active Clients Digital Agile RoCE 57 Fortune2000 / Forbes200 Billion $ Corporations RoE 87% Repeat Business Mission Statement Great Place To Work R India’s Best Workplaces™ in Heal
Slide 4: Mission, Vision and Values
Mission, Vision and Values Our 2021-31 Vision - DELiGHT Our SMILES Values Sharing Design for Perpetuity ESG Excellence Mindful Our Mission Integrity Thought Leadership Happiest People Happiest Customers Learning Profitable Growth Ambassador for Happiness Excellence World Class Team Social Responsibi
Slide 5: Focus on Disruptive Technologies
Focus on Disruptive Technologies Artificial Intelligence Cloud & Analytics Internet of Things (IoT) Enterprise Digital Security Transformation Next Gen. Product & Platform Engineering DevOps BPM, RPA & Agile and Secure Low-Code Platforms Infrastructure Blockchain/ Metaverse Web 3.0 Hi-Tech EdTech BF
Slide 6: Born Digital. Born Agile The Mindful IT Company
Born Digital . Born Agile The Mindful IT Company CREATING MINDFULLY DIGITAL CAPITAL AGILE Business Agile Transformation Organization Business Agile Insights Business Platformize & Agile Modernize Delivery Reimagining Engineering & Operational Customer Experience Excellence www.happiestminds.com © Co
Slide 7: Customer wins and engagements
For a next generation For a global leader and For one of the world's largest For a large digital For a large enterprise learning platform and an innovator in the and diversified healthcare transformation specialist, software support existing customer, Happiest bioscience industry, products company,
Slide 8: Analyst Mentions and awards
Happiest Minds’ CRPP solution wins at IReC Awards 2023 at the CISO Summit & Awards 2023 ANALYST MENTIONS Everest ISG ISG ISG Rising Star Rising Star Rising Star Major Contender www.happiestminds.com 7
Slide 9: Operational and Financial Metrics – Q1 FY24
Operational and Financial Metrics – Q1 FY24 www.happiestminds.com
Slide 10: Results Q1 FY24
Results Q1 FY 24 All amounts in ₹ Lakhs unless stated otherwise Particulars Q1 FY 24 Q4 FY 23 QoQ Q1 FY 23 YoY Revenues 39,087 37,798 3.4% 32,892 18.8% Other Income 1,366 845 - 104 - Total Income 40,453 38,643 4.7% 32,996 22.6% EBITDA 10,299 10,062 2.4% 8,775 17.4% % 25.5% 26.0% 26.6% PBT 7,868 7,89
Slide 11: Born Digital. Born Agile
Born Digital. Born Agile Digital Agile % of Revenue % of Revenue 93.9% 93.4% 93.6% 93.1% 93.3% 94.0% 94.0% 94.2% 96.8% 96.5% 96.4% 96.6% 96.8% 96.5% 96.3% 95.1% FY 21 FY 22 FY 23 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 FY 21 FY 22 FY 23 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Revenue Revenue by BU Tenure of Customer %
Slide 12: Operational & Financial Metrics: EBITDA and FCF
Operational & Financial Metrics EBITDA High FCF Conversion (₹ Lakhs) Margin % (₹ Lakhs) Thirteen successive quarters of delivering 26.2% EBITDA margins > 25% 96.0% 98.6% 36,480 26.1% 99.6% 37,997 29,064 98.4% 27.0% 98.8% 95.8% 90.9% 29,477 26.6% 26.3% 26.0% 26.0% 25.5% 98.5% 21,476 21,573 9,946 10,1
Slide 13: Operational & Financial Metrics: Employees and Attrition
Operational & Financial Metrics Happiest Minds & Utilization 79.5% 80.5% 80.6% 80.1% 78.5% 79.1% 74.6% 74.6% 4,917 4,581 4,611 4,917 5,048 4,168 4,188 3,228 FY 21 FY 22 FY 23 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Offshore / Onsite Voluntary Attrition % 1 By Number of Employees 24.4% 23.5% 22.7% 19.8% 20.9%
Slide 14: Operational & Financial Metrics: Revenue Model
Operational & Financial Metrics Revenue Model Q1 24 Model Geography Digital Revenue1 Vertical1 3.9% 4.9% 5.4% 4.6% 8.2% 15.5% 24.1% 13.9% 24.5% 11.0% 8.7% 44.2% 10.1% 11.8% 15.9% 71.9% 75.5% 22.2% 12.0% 7.1% Americas Europe India ROW Digital Infra / Cloud SAAS Security Edu Tech Hitech Retail / CPG T
Slide 15: Operational & Financial Metrics: Onsite/Offshore
Operational & Financial Metrics Onsite/Offshore Average Revenue / Active Customer By Revenue (USD ‘000) 803 810 812 803 794 793 774 634 81.0% 84.1% 83.9% 84.5% 84.8% 85.7% 84.7% 84.8% 19.0% 15.9% 16.1% 15.5% 15.2% 14.3% 15.3% 15.2% FY 21 FY 22 FY 23 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 FY 21 FY 22 FY 23 Q1
Slide 16: Operational & Financial Metrics: Industry Groups
Operational & Financial Metrics FY21 FY 22 FY23 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY 23 FY24 Q1 Customer Industry group Edutech 25.6% 23.2% 23.7% 23.8% 23.2% 22.2% 23.2% 24.1% Hitech 18.2% 15.8% 15.6% 16.6% 15.7% 19.5% 16.9% 14.8% BFSI 16.4% 13.2% 13.7% 14.2% 10.3% 10.8% 12.2% 11.0% Travel, Media and Enter
Slide 17: Operational & Financial Metrics: Geography and Customers
Operational & Financial Metrics FY 21 FY 22 FY23 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY 23 FY24 Q1 Revenue by Geo USA 73.4% 66.4% 66.6% 67.9% 67.5% 70.5% 68.1% 71.9% India 11.8% 14.1% 15.8% 16.1% 15.4% 15.0% 15.6% 15.5% Europe 10.4% 10.4% 10.7% 9.3% 9.4% 9.4% 9.7% 8.7% ROW 4.4% 9.0% 6.9% 6.7% 7.7% 5.1% 6.6%
Slide 18: Operational & Financial Metrics: Utilization, DSO, Returns
Operational & Financial Metrics FY21 FY22 FY23 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 FY24 Q1 Happiest Minds Onsite 166 172 185 210 228 227 227 244 Offshore 3,062 3,996 4,003 4,371 4,383 4,690 4,690 4,804 Onsite % 5.1% 4.1% 4.4% 4.6% 4.9% 4.6% 4.6% 4.8% Offshore % 94.9% 95.9% 95.6% 95.4% 95.1% 95.4% 95.4%
Slide 19: Revenue by Business Unit
Operational & Financial Metrics All figures in ₹ Lakhs FY21 FY22 FY23 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 FY24 Q1 Revenue by BU IMSS 16,421 20.6% 24,168 21.4% 7,356 22.3% 7,902 22.0% 7,912 21.1% 7,525 19.5% 30,694 21.2% 7,516 18.6% DBS 21,288 26.7% 32,891 29.1% 9,903 30.0% 10,722 29.8% 11,266 30.1% 11,1
Slide 20: Summary Profit & Loss Statement
Summary Profit & Loss Statement All figures in ₹ Lakhs FY 21 FY 22 FY 23 Q1 FY 23 Q2 FY 23 Q3 FY 23 Q4 FY 23 FY 24 Q1 Income Operating revenue 77,341 1,09,365 32,892 35,551 36,688 37,798 1,42,929 39,087 Other income 2,424 3,710 104 382 780 845 2,111 1,366 Total income 79,765 1,13,075 32,996 35,933 3
Slide 21: Balance Sheet
All figures in ₹ Lakhs 31.03.2021 31.03.2022 30.06.2022 30.09.2022 31.12.2022 31.03.2023 30.06.2023 Assets Non-current Assets Property, plant and equipment 69 78 89 12,894 12,899 13,278 13,202 Goodwill 7,644 7,896 8,202 8,430 8,562 13,913 13,901 Financial & Other assets 10,029 11,788 24,594 34,347 7
Slide 22: investors@happiestminds.com
investors@happiestminds.com India | United States | United Kingdom | Canada | Australia | Dubai www.happiestminds.com
Happiest Minds Technologies — Q1 FY24 Earnings Presentation on 6ix