Slide 1: Earnings Presentation Q4-FY21/FY21
EARNINGS PRESENTATION Q4-FY21/FY21
Slide 2: Snapshot
Snapshot Legacy Execution Capabilities Team Strength Ø 3 Decades of Experience Ø Over 8500 of Projects Delivered Ø Dynamic & Experienced Leadership Ø Founder, Mr. Harish Mehta also co- Ø Over 50 Million of Hours of Team founded NASSCOM engineering work Ø 2,000+ Experienced employees Ø Global Footpri
Slide 3: Company Overview
Company Overview Key Business Segments • Established in 1991 Onward Technologies Ltd is a leading player today in Engineering Research & Engineering Research & Development (ER&D) Development (ER&D), Digital Transformation and IT consulting services (ITS). • The Company offers wide range of • Headqua
Slide 4: Geographical Presence
Geographical Presence FY21 Revenue Breakup – Client Location USA 36% India Europe Onward London 53% 5% Cleveland Onward Germany UK Chicago Troy London 6% Amsterdam Frankfurt Pune Mumbai Bengaluru Onward Mumbai HQ Chennai Onward Troy Onward Chicago HQ Offshore Development Centre Office Onward Pune La
Slide 5: Key Strengths
Key Strengths Ø Proven expertise in delivering mechanical engineering and digital transformation services to global 1000 companies Ø Ability to ramp-up on-demand across the globe on a short notice Ø Flexible business and engagement model to provide agility and cost effectiveness Ø Right size organiz
Slide 6: Strategic Transformation
Strategic Transformation FY2021 TARGET FY2025 Top 10 Top 10 Customers Customers (45%) (70%) Top 11-50 Customers Top 11-50 Customers (41%) (20%) Remaining Customers Remaining Customers (14%) (10%) Digital 2% ITS Digital 26% ER&D Transfor ER&D 72% mation 50% 50% Ø Over its 3-decade legacy, Onward Tech
Slide 7: Future Growth Strategy
Future Growth Strategy New Capabilities Focus • Focus on newly established capabilities in • Clear strategy for winning larger deals from existing Digital Transformation, Industrial IoT, and customers and new customers in target markets: (North Industry 4.0 America, Europe & India) • Build capabilit
Slide 8: FY21/Q4-FY21 Financial Overview
FY21/Q4-FY21 FINANCIAL OVERVIEW
Slide 9: FY21/Q4-FY21 Key Financial Highlights
FY21/Q4-FY21 Key Financial Highlights Q4-FY21 Standalone Financial Performance Q4-FY21 Consolidated Financial Performance INR 497 Mn INR 41 Mn 8.25% INR 663 Mn INR 38 Mn 5.73% Revenue from EBITDA EBITDA Margins Revenue from EBITDA EBITDA Margins Operations Operations INR 29 Mn 5.84% INR 1.75/share I
Slide 10: Operational Highlights
Operational Highlights Q4-FY21 Standalone: • Standalone Revenues witnessed healthy double digit growth on both QoQ and YoY basis due to increase the wallet share from existing growth clients. • Standalone EBITDA Margins have declined due to increase in employee costs for strengthening delivery and s
Slide 11: Future Growth Outlook
Future Growth Outlook Ø The future growth outlook continues to remain positive due to increasing demand from Top 20 customers. Ø An increase in orders from the healthcare industry has been witnessed during the quarter, and the company is positive that healthcare segment will be a significant contrib
Slide 12: Q4-FY21 Standalone Income Statement (IND-AS)
Q4-FY21 Standalone Income Statement (IND-AS) Particulars (INR Mn) Q4-FY21 Q4-FY20 Y-O-Y Q3-FY21 Q-O-Q Operational Income 497 439 13.21% 424 17.22% Total Expenses 456 454 0.44% 370 23.24% EBITDA 41 (15) NA 54 (24.07)% EBITDA Margins (%) 8.25% NA NA 12.74% (448)Bps Other Income 25 8 NA 24 4.17% Deprec
Slide 13: FY21 Standalone Income Statement (IND-AS)
FY21 Standalone Income Statement (IND-AS) Particulars (INR Mn) FY21 FY20 Y-O-Y Operational Income 1,727 1,806 (4.37)% Total Expenses 1,531 1,660 (7.77)% EBITDA 196 145 35.17% EBITDA Margins (%) 11.35% 8.03% 332 Bps Other Income 85 65 30.76% Depreciation 93 102 (8.82)% Finance Costs 21 33 (36.36)% PB
Slide 14: Q4-FY21 Consolidated Income Statement (IND-AS)
Q4-FY21 Consolidated Income Statement (IND-AS) Particulars (INR Mn) Q4-FY21 Q4-FY20 Y-O-Y Q3-FY21 Q-O-Q Operational Income 663 656 1.07% 578 14.71% Total Expenses 625 662 (5.59)% 539 15.96% EBITDA 38 (6) NA 39 (2.56)% EBITDA Margins (%) 5.73% NA NA 6.75% 102 bps Other Income 20 2 NA 22 (9.09)% Depre
Slide 15: FY21 Consolidated Income Statement (IND-AS)
FY21 Consolidated Income Statement (IND-AS) Particulars (INR Mn) FY21 FY20 Y-O-Y Operational Income 2,404 2,715 (11.45)% Total Expenses 2,231 2,482 (10.11)% EBITDA 173 233 (25.75)% EBITDA Margins (%) 7.20% 8.58% (138) Bps Other Income 53 11 NA Depreciation 104 113 (7.96)% Finance Costs 23 35 (34.29)
Slide 16: Historical Financial Overview
HISTORICAL FINANCIAL OVERVIEW 16
Slide 17: Historical Standalone Profit & Loss
Historical Standalone Profit & Loss Particulars (INR Mn) FY18 FY19 FY20* FY21* Operational Income 1,066 1,182 1,806 1,727 Total Expenses 1,030 1,032 1,660 1,531 EBITDA 36 150 145 196 EBITDA Margins (%) 3.38% 12.69% 8.03% 11.35% Other Income 65 50 65 85 Depreciation 46 48 102 93 Finance Costs 22 21 3
Slide 18: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet Particulars (INR Mn) FY19 FY20 FY21 Particulars (INR Mn) FY19 FY20 FY21 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 75 70 164 Share Capital 158 160 163 Intangible assets 56 41 39 Other Equity 454 455 573 Intangible assets un
Slide 19: Historical Consolidated Profit & Loss
Historical Consolidated Profit & Loss Particulars (INR Mn) FY18 FY19 FY20* FY21* Operational Income 2,445 2,610 2,715 2,404 Total Expenses 2,333 2,386 2,482 2,231 EBITDA 112 224 233 173 EBITDA Margins (%) 4.58% 8.58% 8.58% 7.20% Other Income 48 12 11 53 Depreciation 55 57 113 104 Finance Costs 30 27
Slide 20: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (INR Mn) FY19 FY20 FY21 Particulars (INR Mn) FY19 FY20 FY21 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 98 80 171 Share Capital 158 160 163 Intangible assets 57 41 39 Other Equity 452 520 581 Intangible assets
Slide 21: Consolidated Financial Highlights
Consolidated Financial Highlights Revenue (INR Mn) EBITDA (INR Mn) PAT (INR Mn) 224 233 2,715 101 173 2,610 8.58% 8.58% 74 67 3.87% 7.20% 62 112 2,445 2.74% 3.08% 2,404 4.58% 2.28% FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 EBITDA EBITDA Margin PAT PAT Margin Net D/E (x) DSO ROE and
Slide 22: Key Metrics (Consolidated)
Key Metrics (Consolidated) Revenue by Business Revenue by Industry Revenue by Contract Type 2% 4% 4% 5% 8% 33% 31% 27% 26% 26% 22% 25% 34% 27% 26% 31% 38% 26% 24% 26% 27% 69% 73% 72% 74% 78% 75% 67% 69% 36% 42% 42% 31% FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 ER&D ITS Digital Indu
Slide 23: Capital Market Data
Capital Market Data 250% 200% 150% 100% 50% 0% -50% Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Onward Sensex Shareholding Pattern (as on 31st March 2021) Price Data (As of 31st March 2021)* Face Value 10.0 Market Price 113.2 Public 52 Week H/L 137.9/34.6 38.2
Slide 24: Disclaimer
Disclaimer Onward Technologies Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, or correctness of the information or opinions contained in this presentation. Such information and opinions are in all e