Wipro Limited · NSE:WIPRO
Wipro — Q4 FY2022 Earnings Presentation
22 slides from Wipro's earnings presentation, April 2022
Slide 1: Wipro Limited Investor Presentation
Wipro Limited Investor Presentation For the quarter and year ended March 31, 2022 Public
Slide 2: Safe Harbor
Safe Harbor This presentation may contain certain “forward looking” statements, which involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those that may be projected by these forward-looking statements. These uncertainties have been de
Slide 3: Agenda
Agenda •Our track record on performance •Overall Market Opportunity •Our Strategy •Key Highlights Public © 3
Slide 4: Our track record on performance
Our track record on performance Public © 4
Slide 5: Growth in IT Services business
Growth in IT Services business IT Services Revenue ($M) $10,356 $7,895 $8,120 $8,253 $8,137 $7,346 $7,705 $6,618 $7,082 $5,921 $6,218 $5,221 $4,390 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 IT Services Business h
Slide 6: FY’22 Revenue Distribution – Diversified Portfolio
FY’22 Revenue Distribution – Diversified Portfolio Revenue Mix Strategic Market Unit Mix (%) Revenue Contribution 27.9 30.6 29.9 11.6 Top Customer 3.2% Top 5 Customers 12.5% Americas 1 Americas 2 Europe APMEA Top 10 Customers 20.0% Custom er Metrics* Global Business Line Mix (%) Customers > $100M 19
Slide 7: Overall market opportunity
Overall market opportunity Public © 7
Slide 8: Global Market Size
Global Market Size 178 147 152 India’s offshore IT & BPO exports ($B) 137 126 117 108 99 88 76 59 69 47 48 40 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 CAGR of 12% in last 15 years 1. The growth is driven by increased demand for infrastructure management and networki
Slide 9: Our strategy
Our strategy Public © 9
Slide 10: Our Vision
Our Vision • Be a trusted partner to our clients in their transformation journey and enable them to achieve leadership and outstanding business outcomes. • Deliver industry-leading value to our clients through sector focused ‘Business solutions’, digital capabilities, leading-edge innovation leverag
Slide 11: Five Strategic Priorities
Five Strategic Priorities 01 Accelerate growth Focus & scale 04 Build talent @ scale • Ambitious program to hire • Prioritized sectors & markets deep domain & tech expertise • Best of Wipro to our clients • Reskilling @ scale • Diverse and Local • Reinforce a ‘high 02 Strengthen clients performance’
Slide 12: Business transformation powered by technology
Business Speed is the new efficiency transformation We are moving to an age where models, systems and tools dynamically adapt to market pressures and opportunities. This transformation is driven by powered by technology enabled acceleration. technology. The intelligent enterprise is powered by the n
Slide 13: A simplified operating model accelerates delivery
A simplified operating model accelerates delivery Sectors organized by m arkets "Where clients are" Horizontals organized by capabilities Americas Americas Europe APMEA "Where client delivery resides" 1 2 Integrated Digital, Engineering & Application Services (iDEAS) 1 Organized across 2 Global busi
Slide 14: Education, Ecology, Community care highlights
Education, Ecology, Community care highlights Ecology Education Community Care • Systemic Reforms: Supported 124 • Supported more than 6,000 people • 43% of electricity from organizations working towards that were affected by natural Renewable sources systemic reforms through 125 disasters (cyclones
Slide 15: Building a Better World
Building a Better World We believe business fuels our purpose, and purpose fuels our business. That is why 66% of Wipro's economic interest is owned by the Azim Premji Foundation. Social Responsibility Business Responsibility Education Ecological Sustainability In the U.S and Canada, through our Min
Slide 16: Key highlights
Key highlights Public © 16
Slide 17: Financial summary for the quarter ended March 31, 2022
Financial summary for the quarter ended March 31, 2022 All figures based on IFRS Q4’22 ( ₹ million) QoQ Growth YoY Growth IT Services Revenue 206,608 2.8% 30.0% IT Services Operating 35,050 -0.7% 4.9% Income • IT Services Segment Revenue in dollar terms was $2,721.7 million. • IT Services Segment Re
Slide 18: Other highlights for the quarter
Other highlights for the quarter • Customer count in >$100 Mn account moved from 11 to 19 and > $50Mn account moved from 40 to 50 YoY in FY22 • Order book in ACV terms grew 30% YoY in FY22 • Closed 37 large deals resulting in a TCV of over $2.3 billion in FY22 • Recently announced acquisition of CAS
Slide 19: Outlook
Outlook for quarter ending June 30, 2022 QoQ growth 1.0% to 3.0% We expect the revenue from our IT Services business to be in the range of $2,748 million to $2,803 million* • Outlook is based on the following exchange rates: GBP/USD at 1.34, Euro/USD at 1.12, AUD/USD at 0.73, USD/INR at 75.26 and CA
Slide 20: Thank You
Thank You Public © 20
Slide 21: Reconciliation of selected GAAP measures to Non-GAAP measures (1/2)
Reconciliation of selected GAAP measures to Non-GAAP measures (1/2) Reconciliation of Gross Cash and Net Cash as of March 31, 2022 Amount in INR Mn Amount in $Mn1 Computation of Gross Cash and Net Cash Cash & Cash Equivalents 103,836 1,369 Investments - Current 241,655 3,185 Gross Cash 345,491 4,554
Slide 22: Reconciliation of selected GAAP measures to Non-GAAP measures (2/2)
Reconciliation of selected GAAP measures to Non-GAAP measures (2/2) Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($Mn): Three Months ended March 31, 2022 IT Services Revenue as per IFRS $ 2,721.7 Effect of Foreign currency exchange movement $ (1