Slide 1: Cover letter to BSE and NSE
Date: October 20, 2023 To, BSE Limited National Stock Exchange of India Ltd., Corporate Relations Department Exchange Plaza, 5th Floor, P J Towers, Dalal Street Plot No. C/1, G Block, Mumbai 400 001 Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051. Ref: Scrip Code - BSE: 517536 NSE: ONWARDTEC S
Slide 2: Q2 / H1 FY24 Earnings Presentation
Q2 / H1 FY24 Earnings Presentation 20th October 2023
Slide 3: Disclaimer
Disclaimer This release may contain certain future prospects which may be a forward-looking statements. Forward-looking statements by their nature involve a number of risks and uncertainties that could cause actual results to differ materially from market expectations. These forward-looking statemen
Slide 4: Agenda
Overview 1 Growth Strategy 2 Agenda Financial Performance 3
Slide 5: From the Managing Director's Desk
From the Managing Director’s Desk We are glad to report another quarter of consistent performance across geographies and industry verticals. Despite global economic uncertainties, we witnessed 9.2% YoY revenue growth in Q2FY24. Furthermore, we maintained a strong double-digit EBITDA margin of 12.5%
Slide 6: Company at a Glance
Company at a Glance Deep Technical Global Digital Across Strong H1 FY24 ₹240 Cr Revenue Capabilities 2000 Customers Focus all verticals Flawless 8 of global top-11 Embedded Revenue 17.7% execution automotive Systems YoY Growth 5 of global top-10 Employees industrial equipment Data Analytics EBITDA 2
Slide 7: Onward Technologies: A Journey of Transformation
Onward Technologies: A Journey of Transformation Infinity Holdings bought Consistent, profitable Incorporated in Mr. Jigar Mehta appointed New offices in London, 24.2% equity growth with double digit August 1991 by as a Managing Director Germany EBITDA New digital center in Mr. Harish Me
Slide 8: Diversified Business Lines
Diversified Business Lines Onward Technologies Digital Embedded Mechanical IT Platform Services New Product Engineering SW Development - Hardware, Design & Automation & Maintenance Software Development Enterprise Big Data Connectivity Value Engineering Business Analytics Solutions Applications Produ
Slide 9: Focus Verticals
Focus Verticals Transportation & Automotive Rail Transportation Mobility Industrial Equipment & Heavy Equipment & Mining Heavy Machinery Machinery Healthcare & Medical Devices Pharma MedTech
Slide 10: Agenda
Overview 1 Growth Strategy 2 Agenda Financial Performance 3
Slide 11: Growth Strategy
Growth Strategy Investments in business building Steady growth in offshore leverage Multi-year Client Engagements Investments in talent to address client demand Consistent industry leading growth
Slide 12: Agenda
Overview 1 Growth Strategy 2 Agenda Financial Performance 3
Slide 13: Key Highlights – Q2FY24
Key Highlights – Q2FY24 • Reported revenue growth of 9.2% YoY to ₹120.2 crore with double-digit EBITDA margin of 12.5% and PAT grew by 17 times YoY to ₹9.6 crore • Onward Technologies continued to experience growth in its focused verticals in Q2FY24 o Industrial Equipment & Heavy Machinery vertical
Slide 14: Consolidated Financial Summary – Q2 / H1 FY24
Consolidated Financial Summary – Q2 / H1 FY24 QoQ YoY YoY Particulars (in ₹ Crore) Q2 FY24 Q1 FY24 Q2 FY23 H1 FY24 H1 FY23 Growth Growth Growth Revenue from Operations 120.2 119.6 0.5% 110.1 9.2% 239.9 203.8 17.7% Other Income 1.4 2.6 (45.8%) 1.0 41.1% 4.1 3.1 30.5% Total Revenue 121.7 122.2 (0.5%)
Slide 15: Consolidated Financial Summary – Q2 FY24
Consolidated Financial Summary – Q2 FY24 (Figures in ₹ Crore) Revenue from Operations EBITDA & EBITDA % PBT & PBT % PAT & PAT % 12.1% 12.5% 11.3% 10.7% 9.1% 8.0% 2.9% 0.5% 0.4% 110.1 119.6 120.2 3.2 14.5 15.0 13.5 12.8 10.9 9.6 0.5 0.6 Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q1 FY24
Slide 16: Consolidated Financial Summary – H1 FY24
Consolidated Financial Summary – H1 FY24 (Figures in ₹ Crore) Revenue from Operations EBITDA & EBITDA % PBT & PBT % PAT & PAT % 12.3% 11.0% 8.5% 3.0% 1.0% 0.9% 203.8 239.9 6.1 29.5 26.3 20.5 2.0 1.8 H1 FY23 H1 FY24 H1 FY23 H1 FY24 H1 FY23 H1 FY24 H1 FY23 H1 FY24 17.7% YoY 386.2% YoY 1,211.1% YoY 1,0
Slide 17: Revenue Metrics
Revenue Metrics Particulars Q2 FY24 Q1 FY24 H1 FY24 H1 FY23 ER&D 57% 61% 59% 73% Revenue by Business (%) Digital 41% 37% 39% 12% ITS 2% 2% 2% 15% Industrial Equipment & Heavy Machinery 52% 53% 52% 54% Transportation & Mobility 37% 35% 36% 30% Revenue by Industry (%) Healthcare 8% 9% 9% 8% Others 3%
Slide 18: Operating Metrics
Operating Metrics Particulars Q2 FY24 Q1 FY24 H1 FY24 H1 FY23 Active Clients 96 93 96 108 Top 5 50% 47% 49% 36% Client Base Top 10 67% 66% 66% 54% Top 25 85% 85% 84% 76% Clients with 15 15 15 15 Annual Billing > USD 1mn Employee Base Total Employees 2,674 2,646 2,674 3,037 DSO Days 76 77 76 82
Slide 19: Thank You
Thank You For Further Information, Please Contact: Asha Gupta - asha.gupta@in.ey.com Anushka Khanna - anushka.khanna@in.ey.com