Kpit Technologies Limited · NSE:KPITTECH
Kpit Technologies — Q4 FY2024 Earnings Presentation
31 slides from Kpit Technologies's earnings presentation, Apr 29, 2024
Slide 1: Cover letter to stock exchanges – Investor Update Q4 FY2024
April 29, 2024 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, Kin
Slide 2: Investor Update Q4FY24 | FY24
Reimagining Mobility with YOU April 29, 2024 Investor Update Q4FY24 | FY24 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
Performance Overview Q4FY24 FY24 Reimagining Mobility with YOU
Slide 5: Performance Overview
Performance Overview • FY24 revenue grows 40.4% in Reported $ terms, PAT grows 56%, over FY23 • FY24 CC growth 39.1%, beats increased guidance for the year • Q4FY24 Y-o-Y CC revenue growth of 27.6%, PAT growth 47.3% • FY25 Outlook - revenue growth of 18% - 22%, EBITDA margin at 20.5%+ REVENUE EBITDA
Slide 6: Performance Highlights
Performance Highlights Sequential CC Growth of 5.1% led by Middleware, Connected 01 and Autonomous domains. Growth was broad based across geographies, led by Asia. Both passenger cars and commercial vehicle verticals had healthy growth. 02 EBITDA margins were at 20.7%. EBITDA grew 40.5% y-o-y and 5.
Slide 7: Additional facts - timeseries
Additional facts - timeseries Revenue $ Million Consistent Performance 159 145 149 134 124 110 84 87 90 94 15 Consecutive Quarters 77 77 77 77 80 71 73 65 65 70 74 of Steady Revenue Growth EBITDA ₹ Billion 2.6 2.7 2.4 2.2 1.9 1.7 1.2 1.2 1.3 1.4 15 Consecutive Quarters 0.9 1.0 1.0 0.6 0.7 0.7 0.7 0.
Slide 8: Management Quotes
Management Quotes Commenting on the performance of FY24, Ravi Pandit, Co-founder and Chairman, KPIT said,” Since our landmark demerger in 2019, we have been truly living our Vision of Reimagining Mobility with you for creation of a cleaner, safer and smarter world. The world of Mobility is transform
Slide 9: Cash Flow – Major Movement
Cash Flow – Major Movement ₹M Decrease in Working Capital – 1,170 NET CASH (₹ M) Q4FY24 Q3FY24 Gross Cash 8,959 8,736 Long Term Debt NIL NIL Dividend Payout – 571 Short Term Debt 445* 447 Capex – 364 NET CASH 8,514 8,289 Cash and Cash Equivalents break-up ₹M In Investment Accounts (in India) 2,183 D
Slide 10: New Engagements
New Engagements Strong Wins - TCV of new engagements won during Q4FY24 : $ 261 million A Leading European Car Manufacturer selected KPIT for significant engagements in the electric powertrain and connected domains. Strategic engagements in the connected, autonomous and middleware domains for a leadi
Slide 11: FY25 Outlook
FY25 Outlook Practice & Technology Additional Technology Investments in related areas. Cross – practice offerings, AI adoption, stronger Asia focus, strategic partnerships & collaborations Delivery and Operations Robust competency framework and relentless execution. Leverage CC Revenue Global Delive
Slide 12: Other Updates
Other Updates Q4FY24 Reimagining Mobility with YOU
Slide 13: KPIT Sparkle Grand Finale 2024 & KPIT Shodh Awards 2024
KPIT Sparkle Grand Finale 2024 & KPIT Shodh Awards 2024 The 10th edition of KPIT Sparkle receive participation from 19,000 students, who submitted 1000+ ideas across 9 themes aligned to software technology innovation for mobility. The winners were announced from eight finalist teams that contested f
Slide 14: KPIT at CES 2024 and Bharat Mobility Global Expo 2024
KPIT At The Most Influential KPIT At The Bharat Mobility Tech Event in The World – Global Expo 2024 CES 2024 Continuing the CES From discussions legacy, KPIT was about how SDV can present with a revolutionize technology showcase mobility in India to at CES 2024. Over a exploring the might series of
Slide 15: Technology Leadership
Technology Leadership KPIT has partnered with Microsoft to introduce an Azure OpenAI Service-powered Co-pilot to transform automotive repair and maintenance. The Co-pilot is built on KPIT’s proven root cause diagnostics platform, Trace2Fix, which addresses customer retention and dealership profitabi
Slide 16: KPIT leaders featured on popular media outlets
KPIT leaders featured on popular media outlets How Is KPIT Tech Benefited From EVs? The future of mobility is here, and KPIT is leading the Kishor Patil, MD Of KPIT Technologies speaks on Chairman Ravi Pandit Shares Insights charge! Mr. Kishor Patil, Co-Founder, CEO & MD of KPIT, co's performance an
Slide 17: #LifeAtKPIT
#LifeAtKPIT Reforestation activity at Koynanagar KPITians in Thailand came together to complete Passionate KPIT volunteers filled over 1000+ another session at Maepra Fatima School introducing sapling bags for the nursery. Team also the concepts of pressure, motion and force to the processed 30 kilo
Slide 18: Financial & Operational Data Snapshot
Financial & Operational Data Snapshot Reimagining Mobility with YOU
Slide 19: Profit & Loss Account Snapshot
Profit & Loss Account Snapshot INR MN DETAILS Q4FY24 Q3FY24 Q4FY23 FY24 FY23 Revenue from Operations 13,178.00 12,569.62 10,173.67 48,715.41 33,650.38 Other Income 158.95 173.87 62.60 569.73 401.92 Total Income 13,336.95 12,743.49 10,236.27 49,285.14 34,052.30 Operating Expenses 10,449.26 9,984.56 8
Slide 20: Balance Sheet Snapshot
Balance Sheet Snapshot INR MN ASSETS Q4FY24 Q3FY24 EQUITY & LIABILITIES Q4FY24 Q3FY24 NON-CURRENT ASSETS Equity Share Capital 2,712.17 2,711.33 Other Equity 18,746.41 17,750.58 Property, Plant & Equipment 2,395.27 2,224.30 Equity attributable to owners 21,458.58 20,461.91 Right-of-use Assets 3,033.4
Slide 21: Revenue Break-up (Quarterly)
Revenue Break-up (Quarterly) USD MN Verticals* Q4FY24 Q3FY24 Q4FY23 Q-o-Q Y-o-Y Passenger Cars 125.55 116.85 92.14 7.5% 36.3% Commercial Vehicles 27.76 25.90 30.75 7.2% (9.7)% * The balance revenues come from others,whichis not a big area as of now Business Units# Q4FY24 Q3FY24 Q4FY23 Q-o-Q Y-o-Y Fe
Slide 22: Revenue Break-up (Annual)
Revenue Break-up (Annual) USD MN Verticals FY24 FY23 Y-o-Y Passenger Cars 453.0 314.39 44.1% Commercial Vehicles 111.50 100.37 11.1% Practices FY24 FY23 Y-o-Y Feature Development & Integration 363.61 274.24 32.6% Architecture & Middleware Consulting 114.74 66.77 71.8% Cloud Based Connected Services
Slide 23: P&L Metrics (Quarterly)
P&L Metrics (Quarterly) Q4FY24 Q3FY24 Q4FY23 Q-o-Q Y-o-Y Revenue by Contract Type Time & Material Basis 49.2% 46.0% 54.6% 14.0% 15.8% Fixed Price Basis 50.8% 54.0% 45.4% 0.3% 43.7% Clients Strategic ClientRevenue 86.4% 85.0% 79.5% 8.4% 39.6% Active Clients (Period End) 60 60 60 Revenue per Devp. Emp
Slide 24: P&L Metrics (Annual)
P&L Metrics (Annual) FY24 FY23 Y-o-Y Revenue by Contract Type Time & Material Basis 49.6% 52.6% 32.2% Fixed Price Basis 50.4% 47.4% 49.5% Clients Strategic Client Revenue 84.6% 82.5% 44.0% Active Clients (Period End) 60 60 Avg Revenue per Devp. Employee USD 50,965 43,929 R&D Expenditure (USD MN) 13.
Slide 25: Currency wise revenues, Hedging Details
Currency wise revenues, Hedging Details O/s Hedge Details Q4FY24 Currency wise Hedge Rates Q4FY24 Q3FY24 Q4FY23 revenue USD/INR 84.02 USD 30.7% 31.1% 36.3% EUR/INR 92.68 EUR 45.6% 45.9% 42.8% GBP/INR 105.73 GBP 5.7% 6.6% 6.3% JPY/INR 0.59 JPY 12.4% 10.6% 8.8% Hedge Amounts(Mn) INR 3.5% 3.3% 4.1% USD
Slide 26: Headcount Data
Headcount Data Period End Headcount Q4FY24 Q3FY24 Q4FY23 Q-o-Q Y-o-Y Development 12,064 11,949 10,297 - - Enabling & Sales 792 778 716 - - Total 12,856 12,727 11,013 - - 4/29/2024 25
Slide 27: Contact Us
Contact Us Reimagining Mobility with YOU
Slide 28: Conference Call Details
Conference Call Details Conference name : KPIT Technologies Q4 FY2024 Post Earnings Conference Call Date : Monday April 29, 2024 Time : 1730 Hrs. Participants : Mr. S.B. (Ravi) Pandit, Co-founder & Chairman Mr. Kishor Patil, Co-founder, CEO & MD Mr. Sachin Tikekar, President, Joint MD Mrs. Priya Har
Slide 29: 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 28
Slide 30: 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 29
Slide 31: Thank You
THANK YOU !! KPIT Technologies Ltd.