Slide 1: Exchange filing cover letter
24 October 2024 BSE Limited National Stock Exchange of India Ltd PJ Towers Exchange Plaza, Dalal Street Bandra-Kurla Complex, Bandra€ Mumbai 400001 Mumbai-400 051 Scrip Code: 532175 Scrip Code: CYIENT Dear Sir, Sub: Investor Presentation Please find enclosed Investor Presentation issued by the compa
Slide 2: Investor Presentation Q2 FY25
INVESTOR PRESENTATION Q2 FY25
Slide 3: Confidentiality Statement
Confidentiality Statement The information shared herein is strictly confidential, proprietary and unique to the company. It is only made and shared for the purpose and extent it is intended for and no other. Usage or sharing of the said information in any form, directly or indirectly and in any mann
Slide 4: Leadership Team
Leadership Team KRISHNA BODANAPU KARTHIK NATARAJAN PRABHAKAR ATLA Executive Vice-Chairman & Executive Director & CEO President & CFO Managing Director © CYIENT 2024 | Confidential 3
Slide 5: Business Highlights agenda
Business Highlights Financial Highlights DET Business Update • Business Highlights for • DET (Digital, Engineering & • BU performance the Group Technology) • Innovative Technology • Group Solutions and Programs • Business Outlook Annexures © CYIENT 2024 | Confidential 4
Slide 6: Business Highlights agenda
Business Highlights Financial Highlights DET Business Update • Business Highlights for • DET (Digital, Engineering & • BU performance the Group Technology) • Innovative Technology • Group Solutions and Programs • Business Outlook Annexures © CYIENT 2024 | Confidential 5
Slide 7: Business Highlights for the Quarter
Business Highlights for the Quarter Strategic investment towards Expanding Footprint in the Middle Partial divestment in Cyient DLM unlocking potential of East with a Strategic Acquisition Semiconductor business • Completed the sale of ~11.5 million • Reached an agreement to acquire • Reached an agr
Slide 8: Business Highlights agenda
Business Highlights Financial Highlights DET Business Update • Business Highlights for • DET (Digital, Engineering & • BU performance the Group Technology) • Innovative Technology • Group Solutions and Programs • Business Outlook Annexures © CYIENT 2024 | Confidential 7
Slide 9: Glossary
Glossary • Cyient Group Business Segments: • Cyient DET • Cyient DLM • Cyient Others • Cyient DET Business Units: • Transportation • Connectivity • Sustainability • New Growth Areas © CYIENT 2024 | Confidential 8
Slide 10: Financial Highlights for the Quarter | DET
Financial Highlights for the Quarter | DET 173M$ 1,450cr₹ 14.2% Revenue ($) Revenue (₹) EBIT +1.3% cc QoQ | -3.3% cc YoY +2.5% QoQ | -1.8% YoY +75 bps QoQ | -232 bps YoY 177Cr₹ 16.07₹ 177cr₹ PAT EPS FCF +25.1% QoQ | +2.3% YoY +25.0% QoQ | +1.8% YoY +7.9% QoQ | +14.9% YoY © CYIENT 2024 | Confidential
Slide 11: Financial Highlights for the Quarter | Group
Financial Highlights for the Quarter | Group 220.7M$ 1,849cr₹ 12.5% Revenue ($) Revenue (₹) EBIT +2.6% cc YoY +4.0% YoY -147 bps YoY 179Cr₹ 16.28₹ 143cr₹ PAT EPS FCF +4.6% YoY +4.2% YoY +301.7% YoY Declared an interim dividend of ₹12 per share © CYIENT 2024 | Confidential 10
Slide 12: Business Highlights agenda
Business Highlights Financial Highlights DET Business Update • Business Highlights for • DET (Digital, Engineering & • BU performance the Group Technology) • Innovative Technology • Group Solutions and Programs • Business Outlook Annexures © CYIENT 2024 | Confidential 11
Slide 13: BU Performance for the Quarter
BU Performance for the Quarter Revenue US$ Mn Q2 FY25 QoQ (cc) QoQ ($) YoY (cc) YoY ($) Transportation 51.1 3.4% 3.6% -7.3% -7.5% Connectivity 39.4 3.9% 5.1% -6.1% -5.2% Sustainability 53.2 -6.4% -5.3% -2.2% -1.7% New Growth Areas 29.3 9.7% 10.2% 6.7% 6.5% DET 173.0 1.3% 2.0% -3.3% -3.0% Order Intak
Slide 14: Business Performance and Outlook
BUSINESS PERFORMANCE and OUTLOOK 13
Slide 15: Innovative Technology Solutions and Programs
Innovative Technology Solutions and Programs Trends Technology Solutions / Programs Digital PLM platform migration, support and digital enhancements for a Medtech customer to improve process simulation and digital visibility Digital across the value chain. Digital PLM platform implementation and pro
Slide 16: About Cyient
About Cyient Cyient (Estd: 1991, NSE: CYIENT) delivers Intelligent Engineering solutions for creating a digital, autonomous, and sustainable future for over 300 customers, including 30% of the top 100 global innovators. As a company, Cyient is committed to designing a culturally inclusive, socially
Slide 17: Disclaimer
Disclaimer All the references to Cyient’s financial results in this update pertain to the company’s consolidated operations comprising: Wholly-owned and step down subsidiaries: Cyient Europe Limited; Cyient Inc.; Cyient GmbH; Cyient Australia Pty Ltd; Cyient Singapore Private Limited; Cyient KK; Cyi
Slide 18: Connect With Us
#DesigningTomorrowTogether Connect www.cyient.com With Us Follow us on © CYIENT 2024 | Confidential 17
Slide 19: Annexure
INVESTOR PRESENTATION ANNEXURE Q2 FY25
Slide 20: Message from the Management
Message from the Management Commenting on the results, Mr. Krishna Bodanapu, Executive Vice Chairman and Managing Director, said “Cyient Group witnessed positive Q2 FY25 results, with quarterly Group revenue at US$ 220.7 Mn, growth of 2.6% YoY in constant currency. Cyient’s Digital, Engineering and
Slide 21: Message from the Management
Message from the Management Commenting on the results, Mr. Prabhakar Atla, President and Chief Financial Officer, said, “Q2 FY25 DET revenues stood at US$ 173 Mn representing a growth of 1.3% QoQ in constant currency terms driven by healthy growth across all BUs except Sustainability BU that was imp
Slide 22: DET Metrics
DET METRICS 4
Slide 23: Income Statement | DET
Income Statement | DET DET Income Statement ₹ Mn Q2 FY25 Q1 FY25 Q2 FY24 Operating Revenue ($ Mn) 173.0 169.6 178.4 Operating Revenue (₹ Mn) 14,496 14,144 14,762 Cost of Revenue -8,744 -8,554 -8,825 Gross profit 5,752 5,590 5,937 Gross margin % 39.7% 39.5% 40.2% Sales and Marketing -695 -680 -574 Ge
Slide 24: Other Income | DET
Other Income | DET Other Income (₹ Mn) DET Q2 FY25 Q1 FY25 Q2 FY24 Income from Investments 114 74 81 Realised gains/(losses) on Fwd Contracts -1 7 -28 Unrealised Fx gains/(losses) 336 41 -80 Others 17 24 70 Total 465 146 43 © CYIENT 2024 | Confidential 6
Slide 25: Cash Generation | DET
Cash Generation | DET Cash Flow Summary (₹ Mn) DET Q2 FY25 Q1 FY25 Q2 FY24 Profit before tax (Reported) 2,342 1,848 2,197 (+/-) Non-cash & non-operating items 716 735 782 Operating profit before WC changes 3,058 2,583 2,979 (+/-) DSO Movement (Receivables) 70 707 -796 (+/-) Other WC changes -614 -1,
Slide 26: Cash Position for the Quarter | DET
Cash Position for the Quarter | DET Cash Position (₹ Mn) DET Q2 FY25 Q1 FY25 Q2 FY24 Cash & Cash Equivalent including treasury investments 11,871 7,340 8,242 Cash & Bank balances 2,841 3,695 4,625 Investments in FDs 6,390 1,050 141 Investment in MFs and Commercial Papers 441 416 1,131 Other treasury
Slide 27: Other Metrics | DET (1/2)
Other Metrics | DET (1/2) Revenue by Geography (%) DET Q2 FY25 Q1 FY25 Q2 FY24 Americas 48.3% 47.0% 43.0% Europe, Middle East, Africa 30.1% 32.8% 33.4% Asia Pacific (including India) 21.6% 20.1% 23.6% Revenue by Currency (%) DET Q2 FY25 Q1 FY25 Q2 FY24 USD 46.0% 45.8% 43.5% EURO 15.4% 16.5% 19.0% GB
Slide 28: Other Metrics | DET (2/2)
Other Metrics | DET (2/2) Employees DET Q2 FY25 Q1 FY25 Q2 FY24 Total Headcount 14,799 15,083 15,438 Technical & Pool 13,661 13,929 14,384 Non-Technical 472 504 470 Support 666 650 584 Voluntary Attrition (LTM) 15.0% 16.0% 20.4% No. of Million $ Clients DET Q2 FY25 Q1 FY25 Q2 FY24 20 Mn+ 4 5 6 10 Mn
Slide 29: Group Balance Sheet & Income Statement
Group Balance Sheet & Income Statement 11
Slide 30: Balance Sheet Extract | Group
Balance Sheet Extract | Group Group Balance Sheet ₹ Mn Q2 FY25 Q1 FY25 Q2 FY24 Exchange Rate (₹/$) Q2 FY25 Q1 FY25 Q2 FY24 ASSETS Average 83.79 83.42 82.74 Non-current assets - PPE, CWIP, ROU assets and Other intangible assets 11,614 11,816 11,816 Closing 83.72 83.46 83.22 - Goodwill 17,516 16,735 1
Slide 31: Income Statement | Group
Income Statement | Group Group Income Statement ₹ Mn Q2 FY25 Q1 FY25 Q2 FY24 Operating Revenue ($ Mn) 220.7 200.9 214.9 Operating Revenue (₹ Mn) 18,491 16,757 17,785 Cost of Revenue -12,172 -10,773 -11,434 Gross profit 6,319 5,984 6,351 Gross margin % 34.2% 35.7% 35.7% Sales and Marketing -739 -728
Slide 32: About Cyient
About Cyient Cyient (Estd: 1991, NSE: CYIENT) delivers Intelligent Engineering solutions for creating a digital, autonomous, and sustainable future for over 300 customers, including 30% of the top 100 global innovators. As a company, Cyient is committed to designing a culturally inclusive, socially
Slide 33: Disclaimer
Disclaimer All the references to Cyient’s financial results in this update pertain to the company’s consolidated operations comprising: Wholly-owned and step down subsidiaries: Cyient Europe Limited; Cyient Inc.; Cyient GmbH; Cyient Australia Pty Ltd; Cyient Singapore Private Limited; Cyient KK; Cyi
Slide 34: Connect With Us
#DesigningTomorrowTogether Connect www.cyient.com With Us Follow us on © CYIENT 2024 | Confidential 16