Slide 1: Investor Update Q1FY21
August 03, 2020 Investor Update Q1FY21 KPIT Technologies Ltd. 1
Slide 2: 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 3: Performance Overview
Performance Overview • Q1FY21 3
Slide 4: Q1FY21 Performance Overview
Q1FY21 Performance Overview KPIT Q1FY21 USD revenue at USD 65.25 Million, a Y-o-Y decline of 9.1% in constant currency terms Revenue decline of 13.8% Q-o-Q in constant currency terms Q1FY21 EBITDA at 13.4%, Net Profit at ₹ 240 Million, 21.7% Y-o-Y decline in Net Profit New deal signed, worth USD 60+
Slide 5: Additional facts - timeseries
Additional facts - timeseries Qtr End Net Cash ₹ M Qtr End DSO 87 82 3,939 72 3,278 67 64 66 2,584 1,810 2,041 900 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Revenue $ M EBITDA % 77.23 76.88 76.94 14.6% 71.05 72.75 13.4% 13.4% 13.5% 13.4% 65.25 12.8% Q4FY19 Q
Slide 6: Management Quotes
Management Quotes Kishor Patil, Co-founder, CEO and MD, KPIT said,” The performance of this quarter is in line with our expectations in the face of the global pandemic. The mobility industry is stabilizing, and we are witnessing increased interest from our strategic clients with prioritizing of inve
Slide 7: Cash Flow – Major Movement
Cash Flow – Major Movement INR Mln Cash Profit – 570 Decrease in Working Q-o-Q Increase in Net Capital – 690 Cash of INR 660 Million NET CASH (INR Mln) Q1FY21 Q4FY20 Capex – 332 Gross Cash 4,319 3,820 Loans repaid – 166 MicroFuzzy - 170 Long Term Debt 380 376 Short Term Debt NIL 166 Cash and Cash Eq
Slide 8: Movement in Profit, Major Items – Q4FY20 to Q1FY21
Movement in Profit, Major Items – Q4FY20 to Q1FY21 Q4 FY20 Revenue Sequential drop in ₹ PAT Drop revenue ₹ 371 M (635) Salary Cost Lower cost due to (442) salary restructuring Depreciation Additional lease of (Lease) new German office Travel & Travel, sub- (36) SGA contracting, office (104) operatio
Slide 9: Significant Deal Win
Significant Deal Win A leading Automotive Tier I and system supplier for Autonomous Driving and ADAS and a market leader in automotive safety electronics products has selected KPIT as their strategic software partner. This Strategic partnership will leverage cutting edge software technology from KPI
Slide 10: Other Major Deal Wins
Other Major Deal Wins A leading German Car Manufacturer selected KPIT for a project in electric powertrain area A leading Asian car manufacturer selected KPIT for a project in the connected domain A leading German Car Manufacturer selected KPIT for a project in ADAS area A leading Asian Tier I suppl
Slide 11: Other Updates
Other Updates New Software Engineering Center in Munich, Germany This will be KPIT’s largest global software integration and technology center in the area of Electrification, Autonomous Driving, AUTOSAR & Vehicle Diagnostics and will also house expertise in other areas including Digital Cockpit Repr
Slide 12: The way forward
The way forward Increase in offshoring Mobility industry Increase in offshoring Stabilized operations stabilizing Improved Utilization Lower Depreciation due Cost savings to be to closure of 2 facilities materialized for full Salary restoration quarter Revenue Growth, Improvement in Higher Depreciat
Slide 13: Updates
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Slide 14: Thought Leadership Updates
Thought Leadership Updates German automotive magazine Automobil-Elektronik KPIT’s Powertrain team article was The leading German automotive magazine, published in Auto Tech Review AUTOMOBIL-ELEKTRONIK interviewed Kishor Patil, about various topics related to automotive An article authored by KPIT’s
Slide 15: CSR @ KPIT
CSR @ KPIT KPIT Technologies innovates versatile ventilators in fight against COVID-19 Ventilators are a result of Innovation awarded by KPIT’s passion for Marico Foundation as the engineering & top winner in their commitment towards Innovate2BeatCOVID community contribution national challenge KPIT
Slide 16: Financial and Operational Data
Financial and Operational Data • Snapshot 16
Slide 17: Profit & Loss Account Snapshot
Profit & Loss Account Snapshot INR MN DETAILS Q1FY21 Q4FY20 Q1FY20 Revenue from Operations 4,927.10 5,562.28 5,057.51 Other Income 25.17 76.79 14.56 Total Income 4,952.27 5,639.07 5,072.07 Operating Expenses 4,283.19 4,810.91 4,318.80 EBITDA 662.37 751.37 738.71 Depreciation 330.03 293.95 238.23 EBI
Slide 18: Balance Sheet Snapshot
INR MN Balance Sheet Snapshot ASSETS Q1FY21 Q4FY20 EQUITY & LIABILITIES Q1FY21 Q4FY20 NON-CURRENT ASSETS Equity Share Capital 2,689.02 2,688.8 Other Equity 7,930.92 7,780.77 Property, Plant & Equipment 2,095.86 2,128.87 Equity attributable to owners 10,619.94 10,469.57 Right-of-use Assets 2,977.66 1
Slide 19: Revenue Break-up
Revenue Break-up USD MN Geography Q1FY21 Q4FY20 Q1FY20 Q-o-Q Y-o-Y US 27.45 30.41 30.29 (9.7)% (9.4)% Europe 25.74 31.91 27.00 (19.4)% (4.7)% Asia 12.06 14.62 15.45 (17.5)% (22.0)% TOTAL 65.25 76.94 72.75 (15.2)% (10.3)% Verticals Q1FY21 Q4FY20 Q1FY20 Q-o-Q Y-o-Y Passenger Cars 50.76 58.33 52.88 (13
Slide 20: P&L Metrics
P&L Metrics Q1FY21 Q4FY20 Q1FY20 Q-o-Q Y-o-Y Revenue by Contract Type Time & Material Basis 48.2% 48.6% 48.6% (15.9)% (11.0)% Fixed Price Basis 51.8% 51.4% 51.4% (14.6)% (9.7)% Customers Strategic Customer Revenue (T21)* 86% 82% 79% (11.1)% (2.4)% Active Customers 55 58 60 Revenue per Devp. Employee
Slide 21: Currency wise revenues, Hedging Details
Currency wise revenues, Hedging Details Currency wise revenue Q1FY21 Q4FY20 Q1FY20 Hedge Details Q1FY21 USD 43.1% 41.2% 41.8% Hedge Rates EUR 34.8% 32.7% 29.2% USD/INR 75.32 EUR/INR 85.36 GBP 4.2% 8.1% 7.5% GBP/INR 94.90 JPY 9.4% 9.6% 12.0% INR 5.3% 5.9% 6.5% Hedge Amounts(Mn) USD/INR 18.65 Others 3
Slide 22: Headcount Data
Headcount Data Period End Headcount Q1FY21 Q4FY20 Q1FY20 Q-o-Q Y-o-Y Development 6,305 6,594 6,385 - - Enabling & Sales 501 531 506 - - Total 6,806 7,125 6,891 - - Take Care and Stay Safe 8/3/2020 22
Slide 23: Contact us
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Slide 24: Conference Call Details - TBU
Conference Call Details - TBU Conference name : KPIT Technologies Q1 FY2021 Post Earnings Conference Call Date : Tuesday August 04, 2020 Time : 1600 Hrs. Participants : Mr. Kishor Patil, Co-founder, CEO & MD Mr. Sachin Tikekar, President & Board Member Mrs. Priya Hardikar, SVP & Head of Finance Mr.
Slide 25: Contact
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 Take Care and Stay Safe 8/3/2020 25
Slide 26: Contact
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 Take Care and Stay Safe 8/3/2020 26
Slide 27: Thank You
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