Tata Elxsi Limited · NSE:TATAELXSI
Tata Elxsi — Q2 FY24 Earnings Presentation
23 slides from Tata Elxsi's earnings presentation, Oct 17, 2023
Slide 1: Tata Elxsi Q2 FY24
<p TATA TATA ELXSI Q2 FY24 17h October 2023
Slide 2: Disclaimer
This document has been prepared by Tata Elxsi Limited (the “Company”) for information purposes only and does not constitute, or form part of any offer, invitation, inducement, or advertisement to sell or issue, or any solicitation or initiation of any offer to purchase or subscribe for, any securiti
Slide 3: CEO commentary on quarter performance
I am happy to report a healthy top-line growth of 3.7% QoQ and 15.5% YoY in a challenging quarter for the industry. Our EBITDA has grown 4.8% QoQ and 16.3% YoY and our EBITDA margin has improved by 31 bps QoQ to 29.9%. This underlines our strong focus on delivery and operational excellence, key acco
Slide 4: Revenue, EBITDA margin and EPS trends
850.3 881.7 763.2 29.7% 29.6% 29.9% Q2'23 Q1'24 Q2'24 Q2'23 Q1'24 Q2'24 12,286 12,871 32.12 11,679 30.32 27.98 Q2'23 Q1'24 Q2'24 Q2'23 Q1'24 Q2'24
Slide 5: Q2 FY24 results highlights
• Revenues from operations at Rs. 881.7 Cr, + 3.7% QoQ, + 15.5% YoY • Operating revenue growth +3.4% QoQ and +10.1% YoY on constant currency basis • Operating Margin at 29.9%; Net Margin (PBT) at 28.9% • Profit Before Tax (PBT) at Rs. 263.9 Cr, +20.4% YoY • Profit After Tax (PAT) at Rs. 200.0 Cr, +1
Slide 6: Key deal wins
Tata Elxsi has been chosen as a strategic software development partner for the SDV and Global Top-5 Software Organization of a Global Automotive OEM. This is a landmark multi-year large deal in Automotive OEM the SDV space. Tata Elxsi has been chosen as a strategic partner for transformation of vide
Slide 7: Income statement summary
Revenue from Operations 881.7 850.3 3.7% 763.2 15.5% Other Income 31.1 22.2 40.2% 18.7 66.7% Total Income 912.8 872.5 4.6% 781.8 16.8% EBITDA 263.6 251.5 4.8% 226.5 16.3% EBIT 238.5 230.1 3.7% 204.8 16.5% PBT 263.9 248.3 6.3% 219.2 20.4% PAT 200.0 188.9 5.9% 174.3 14.8% EBITDA 29.9% 29.6% 29.7% EBIT
Slide 8: Revenue and EBITDA margin
700.0 698.0 696.0 694.0 692.0 690.0 688.0 686.0 684.0 682.0 680.0 678.0 676.0 674.0 672.0 670.0 668.0 666.0 50.0% 664.0 662.0 660.0 658.0 656.0 654.0 652.0 650.0 648.0 646.0 644.0 642.0 640.0 638.0 636.0 634.0 632.0 630.0 850.3 881.7 628.0 626.0 624.0 622.0 620.0 618.0 616.0 614.0 612.0 610.0 608.0
Slide 9: Revenue by vertical and geography
42.0% 44.5% 39.9% 34.1% 37.4% 40.0% Q2'23 Q1'24 Q2'24 43.2% 40.2% 39.6% 51.9% 53.2% 48.1% 16.6% 17.0% 15.5% 6.1% 5.3% 4.9% Q2'23 Q1'24 Q2'24 Q2'23 Q1'24 Q2'24 RoW India Americas Europe
Slide 10: Headcount and attrition
12,871 12,286 11,864 11,679 11,607 18.7% 18.4% 17.3% 15.6% 13.7%
Slide 11: Vertical growth in constant currency
+4.0% CC QoQ +0.3% CC QoQ +3.2% CC QoQ +6.9% CC QoQ +26.2% CC YoY +14.4% CC YoY +4.8% CC YoY +19.1% CC YoY +3.4% CC QoQ -0.4% CC QoQ +8.2% CC YoY -1.3% CC YoY
Slide 12: Onsite/offshore and contract mix
24.8% 25.3% 25.8% 49.6% 51.6% 50.3% 75.2% 74.7% 74.2% 50.4% 48.4% 49.7% Q2'23 Q1'24 Q2'24 Q2'23 Q1'24 Q2'24 Onsite Offshore Fixed Price Time & Material
Slide 13: Partnerships
Partnerships
Slide 14: Partnership with INVIDI
The partnership brings together INVIDI’s Conexus™ platform and Tata Elxsi’s extensive experience in the integration, development, and deployment of advanced addressable TV technology, along with professional services for Ad Operations and data-driven insights, to enable operators to deliver targeted
Slide 15: Partnership with BrainChip
Tata Elxsi’s partnership with BrainChip will be driving Akida™ technology into medical devices and industrial applications by leveraging BrainChip’s first-to- market, fully digital, neuromorphic technology to provide intelligent, low- power solutions to these demanding target markets. Akida’s fully
Slide 16: Partnership with NIT-Kozhikode for EV lab
Tata Elxsi has partnered with NIT-Kozhikode to establish a state-of- the-art laboratory for EV technologies. This lab, set up at the NIT-C campus, is co-funded with Tata Elxsi providing up 75% of the capital spend. The lab will bring together researchers and young engineers together for collaborativ
Slide 17: On the World Stage
On the World Stage |
Slide 18: IBC 2023, Amsterdam
Tata Elxsi’s theme for 2023 IBC ‘Enabling AI driven Video Experiences’ resonated well with the currents trends of the Media and Broadcast industry and generated lot of interest among attendees. Our theme of ‘Enabling AI driven Video Experiences’ with solutions and offerings across content creation,
Slide 19: RDK Global Summit, Amsterdam
RDK Global Summit is the premier event for operators across the world who are adopting or considering RDK opensource technology for video and broadband. Tata Elxsi is at the forefront as a leader in RDK integration and solutions for the industry, having engaged with every operator in the world who h
Slide 20: American Medical Device Summit, Chicago
American Medical Device Summit, held annually in Chicago, brings together leaders from across the healthcare ecosystem. This year’s theme focused on innovation and AI in the design, validation and regulatory processes involved in medical device development. Tata Elxsi took part in the Plenary Sessio
Slide 21: Project Showcase
Project Showcase
Slide 22: Experience Centre for Tata Chemicals
Tata Elxsi designed and delivered a state-of-the-art Experience Centre for Tata Chemicals, which was inaugurated on 1st August 2023 in Mambattu, Tamil Nadu. This center fosters stronger ties between Tata Chemicals and its partners, clients, investors, and employees by facilitating strategic conversa
Slide 23: About Tata Elxsi
Incorporated in 1989, Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including Transportation, Media, Communications and Healthcare & Medical Devices. Tata Elxsi provides integrated services – from research and strategy, to electronics and mec