Slide 1: Financial Performance – Q2FY22
Financial Performance – Q2FY22 November 2nd , 2021
Slide 2: Financial Summary
Financial Summary Metrics FY22 Q2 Q-o-Q FY22 H1 Y-o-Y OPG revenue (USD mm) $69.3 7.2% $134.0 43.6% Revenue OPG revenue (INR mm) 5,233 7.6% 10,095 44.8% Total revenue (INR mm) 5,250 6.2% 10,194 43.9% EBITDA (INR mm) 1,666 6.7% 3,228 59.3% Profit EBIT (INR mm)* 1,414 6.8% 2,739 65.4% Net profit (INR m
Slide 3: Other Income
Other Income Figures in INR millions. Other Income FY22 Q2 FY22 Q1 FY21 Q4 FY21 Q3 FY21 Q2 Investment Income 34.0 28.8 24.6 47.3 59.6 Revaluation Income* (24.3) 46.6 4.9 (20.2) (64.5) Others 7.8 6.1 7.9 5.8 1.2 Total 17.5 81.4 37.5 32.9 (3.7) * Gain / Loss regrouped as other income/expenses based on
Slide 4: P&L Comparison
P&L Comparison Figures in INR millions. Operating P&L FY22 Q2 OPR (%) FY22 Q1 OPR (%) Operating Revenue $ $69.3 $64.7 Total Revenue 5,250 4,944 Operating Revenue 5,233 4,863 Cost of Revenues Delivery and Support Employees Cost 2,601 49.7% 2,453 50.5% General and Administrative Expenses Facilities (R
Slide 5: Hedge Updates
Hedge Updates Current Hedge Status • Total outstanding hedges now $158.8mm at average INR 78.0/$; 100% forwards Contract Year Currency Amount (mm) Avg. Rate (INR) Total FY21 USD $99.7 74.6 Matured Forwards FY22 Q1 $28.8 76.7 FY22 Q2 $35.1 76.6 FY22 Q3 $40.7 76.8 FY22 Q4 $31.7 77.4 Total FY22 USD $72
Slide 6: QoQ EBIT Bridge
QoQ EBIT Bridge Figures in INR millions 70.9 134.3 13.7 14.8 17.8 35.6 148.1 306.0 Q1 FY22 G&A S&D Core SEIS Inv. & Other FX Reval. Offshore Onshore Depreciation Q2 FY22 Revenue Income Change Employee Cost Employee Cost • G&A – Higher L&P due to increase in recruitment • S&D cost higher due to bonus
Slide 7: Balance Sheet & Other Updates
Balance Sheet & Other Updates • Total Cash and Cash Equivalents of INR 8,052 mm for Q2 FY’22 vs INR 7,268 mm for Q1 FY’22 - Equivalent to INR 235.5 per share Q2 FY’22 vs INR 213.0 for Q1 FY’22 - Net operating cash flow in Q2 FY’22 is INR 1,404 mm vs INR 744 mm in Q1 FY’22 o EBITDA conversion at 84.3
Slide 8: Key Business Metrics
Key Business Metrics Metrics FY22 Q2 FY22 Q1 FY21 Q4 FY21 Q3 FY21 Q2 FY21 Q1 FY20 Q4 USD 80% 80% 79% 81% 81% 85% 82% EURO 10% 12% 12% 13% 13% 9% 12% Currency Contribution (%) * GBP 5% 4% 4% 4% 5% 4% 5% Others 5% 4% 5% 2% 1% 2% 1% North America 69% 70% 70% 66% 66% 71% 68% Geographic Concentration * E
Slide 9: Revenue Mix Trends ($mm)
Revenue Mix Trends ($mm) $27.5 $3.8 $24.4 $24.7 $6.4 $19.3 $5.1 $5.8 $21.1 $19.3 $18.9 $16.2 $4.5 29.4% 28.4% $14.8 $4.3 22.8% $11.9 0.7% -1.4% FY21 Q2 FY21 Q3 FY21 Q4 FY22 Q1 FY22 Q2 Emerging ($ 0.5 mm + ) Emerging (others) Strategic (Top 10 %) Strategic growth is measured at quarterly YoY level ww
Slide 10: Human Resources Update
Human Resources Update 13,572 12,910 103 102 705 628 789 Headcount 778 673 658 8,502 81 530 11,302 619 10,744 508 6,764 FY21 Q2 FY22 Q1 FY22 Q2 Offshore Delivery Onshore Delivery Support Services Tech Services BD Offshore Voluntary 41.3% Attrition^ 31.7% 19.1% FY21Q2 FY22Q1 FY22Q2 ^Attrition include
Slide 11: Balance Sheet Abstract
Balance Sheet Abstract Figures in INR millions. Particulars September 30, 2021 March 31, 2021 % Change Shareholder's Funds Capital 342 340 1% Minority Interest 16 9 78% Reserves and Surplus 16,807 14,668 15% Total Shareholder's Funds 17,164 15,017 Application of Funds Fixed Assets 5,989 5,958 1% Rig
Slide 12: Thank You
Thank You This presentation may contain forward-looking statements, which involves a various risks and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. The conditions caused by the COVID-19 pandemic could decrease customer’s techno