Slide 1: Investor Presentation Q3FY24
Investor Presentation Q3FY24 January 22, 2024
Slide 2: Safe Harbor and Disclaimer
2 Safe Harbor and Disclaimer Forward Looking Statements Safe Harbor This presentation contains forward-looking statements. In some cases, you can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,”
Slide 3: Q3 YTD FY24 CC revenue up by 14.7% YoY
Q3 YTD FY24 CC revenue up by 14.7% YoY Financial Highlights Business Highlights ▪ On consolidated basis, Q3FY24 revenue was up 1.8% QoQ ▪ Robust total order intake of $354 Mn during the quarter and 12.0% YoY on a constant currency basis. ▪ Signed three large deals. ▪ Revenue for the quarter was INR
Slide 4: Revenue up 13.0% Y-o-Y; Adj. EBITDA up 9.8% Y-o-Y in INR terms
Revenue up 13.0% Y-o-Y; Adj. EBITDA up 9.8% Y-o-Y in INR terms Revenue (INR Mn) 2.1% QoQ 13.0% YoY Adj. EBITDA (INR Mn) 9.8% YoY PAT (INR Mn) 31.5% QoQ ₹ 22,762 ₹ 23,233 ₹ 20,558 ₹ 3,997 ₹ 4,170 ₹ 2,282 ₹ 2,380 ₹ 3,797 ₹ 1,810 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 Revenue ($
Slide 5: Q3 FY24 Revenues Mix
Well Diversified Business Portfolio with Increasing Offshoring Revenues By Vertical By Service Offering By Geography 27.1% 9.2% 7.8% Q3 FY24 Revenues Mix 28.1% 11.3% 13.4% 32.2% Product Engineering Intelligent 46.6% Automation Data and 25.7% 40.0% 17.8% Integration 22.0% CIMS 18.9% Banking & Financi
Slide 6: Very Significant Business Momentum Driving Robust Growth
Very Significant Business Momentum Driving Robust Growth FRESH ORDER INTAKE TCV ($ MN) $1,500 $1,482 $1,265 $1,151 $748 $781 $646 $457 $507 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Q3FY24 Q1FY24 New Clients Added 15 31 40 41 45 47 44 7 6 6 © Coforge, 2023 | Confidential Q3FY24 TTM intake
Slide 7: High Degree of Visibility Through Contracted Revenues and Repeat Business
High Degree of Visibility Through Contracted Revenues and Repeat Business ORDER BOOK EXECUTABLE OVER NEXT 12 MONTHS ($MN) $1,200 93% 100% 93% 94% 100% 92% $1 ,200 91% 89% 90% 89% 89% 90% 90% $1,000 $1 ,000 80% 80% 70% 70% $800 $8 00 60% 60% $600 50% $6 00 50% 40% $974 40% $400 $869 $4 00 $841 $720 3
Slide 8: De-Risked Operating Profile with Declining Client Concentration
De-Risked Operating Profile with Declining Client Concentration While Increasing Large Account Relationships Top Clients Revenue Contribution Clients by Size 45.3% 42.4% 39.0% 38.3% 34.4% 34.0% 35.5% 34.3% 109 101 100 88 32.8% 80 30.4% 28.3% 27.9% 66 24.3% 22.9% 23.2% 22.7% 60 55 23 23 19 16 15 16 1
Slide 9: Best-in-Industry Attrition Levels Testament to Coforge Culture
Best-in-Industry Attrition Levels Testament to Coforge Culture Total Global Headcount LTM Attrition % (Excl. BPS) 24,224 24,638 24,607 1147 1132 23,224 1099 368 360 22,505 1059 363 1035 350 317 15.8% 14.1% 13.3% 13.0% 22,762 23,131 23,107 12.1% 21,815 21,153 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q3FY23
Slide 10: Key Tenets of Coforge Growth Strategy
Key Tenets of Coforge Growth Strategy • FY23 total revenue at $ 1002 million, grew 22% YoY in CC terms Robust • Q3FY24 revenue growth of 1.8% QoQ and 12.0% YoY, in constant currency (CC) • FY23 Adj. EBITDA margin of 18.3% Profitable • Q3FY24 Adj. EBITDA margin of 18.0% • Strong executable order book
Slide 11: Appendix
Appendix 11 © Coforge, 2023 | Confidential
Slide 12: Consolidated Income Statement – Q3FY24 (USD Mn)
Consolidated Income Statement – Q3FY24 (USD Mn) Particulars Q3 FY24 Q2 FY24 QoQ% Q3FY23 YoY% Reported Reported Reported Reported Reported Gross Revenues 282.0 278.1 1.4% 251.7 12.0% GM% 33.1% 32.5% 59 Bps 33.4% -32 Bps Selling / General And Administration 42.6 41.4 2.8% 37.5 13.6% SG&A to Revenue %
Slide 13: Consolidated Income Statement – Q3FY24 (INR Mn)
Consolidated Income Statement – Q3FY24 (INR Mn) Q3 FY24 Q2 FY24 QoQ% Q3FY23 YoY% Particulars Reported Reported Reported Reported Reported Gross Revenues 23,233 22,762 2.1% 20,558 13.0% GM% 33.1% 32.5% 59 Bps 33.4% -32 Bps Selling / General And Administration 3,508 3,392 3.4% 3,063 14.6% SG&A to Reve
Slide 14: Other Key Metrics
Other Key Metrics Q3FY24 Q2FY24 Q3FY23 Q3FY24 Q2FY24 Q3FY23 DSO (in Million) Position Hedge 63 64 73 USD 217.68 218.89 159.30 GBP 96.12 94.65 44.23 EUR 8.53 8.75 4.40 Q3FY24 Q2FY24 Q3FY23 Q3FY24 Q2FY24 Q3FY23 Rupee Outstandin Dollar Rate g Hedges Average Period Closing Rate 83.19 83.08 82.73 Rates U
Slide 15: Let’s engage!
Let’s engage! 15 © Coforge, 2023 | Confidential