Tata Technologies Limited · NSE:TATATECH
Tata Technologies — Q4 FY2024 Earnings Presentation
23 slides from Tata Technologies's earnings presentation, May 3, 2024
Slide 1: Exchange filing cover letter for investor presentation
Ref. No.: TTL/COSEC/SE/2024-25/12 May 3, 2024 BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai- 400001, India. Mumbai – 400 051, India. Scrip Code: 544028 Trading symbol: TATATECH Dea
Slide 2: Investor presentation Q4 FY2024
Investor presentation Q4 FY2024 3rd May 2024 Scrip: BSE 544028, NSE: TATATECH 1 © Copyright 2024 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
Slide 3: Disclaimer
Disclaimer This release may include opinions and assumptions about future performance which could be considered forward-looking statements. Forward-looking statements intrinsically cover several risks and uncertainties, which may lead to a material difference between actual results and the statement
Slide 4: Leading global engineering services company
Leading global engineering services company 12,688 15.9% Customer NPS 58 Employees(4) Among the Top 20 percentile of YoY growth in INR revenue Tech services providers from operations(5) INR 51.2 bn 87% $617.9mn (6) Automotive revenue(3) FY’24 Revenue from Operations Among Top 2 18.4% Global Engineer
Slide 5: FY'24 Financial highlights
FY’24 Financial highlights Revenue Profitability • Total operating revenue at ₹51,172 million, up 15.9% YoY • Total company gross margin at 28.4%, vs. 28.6% YoY • Services segment revenue of ₹39,826 million, up • Services segment gross margin at 31.5% vs. 30.7% 12.8% YoY YoY • In USD, total operatin
Slide 6: Q4 FY'24 Financial highlights
Q4 FY’24 Financial highlights Revenue Profitability • Total operating revenue at ₹13,010 million, up 0.9% • Total company gross margin at 28.3%, vs. 28.4% QoQ QoQ and 25.7% YoY • Services segment revenue of ₹9,951 million, down • Services segment gross margin at 31.4% vs. 31.8% -0.6% QoQ QoQ and 29.
Slide 7: Message from the CEO & MD and the CFO
Message from the CEO & MD and the CFO I am delighted with the way our business performed in FY24 with revenue growth of 15.9% and a 15% growth in operating EBITDA. In the last 3 years, our revenue from operations has grown at 29% CAGR while Operating EBITDA grew at a 35% CAGR. We closed a total of 1
Slide 8: Strategic wins and new developments
Strategic wins and new developments Tata Technologies and BMW have signed a strategic Joint Venture Agreement with an aim to collaborate for the development of Automotive Software and Business IT solutions Tata Technologies has renewed its engineering center contract and won strategic deals in AMR C
Slide 9: Financial & operational data
Financial & operational data © Copyright 2024 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
Slide 10: Income statement - consolidated IND AS
Income statement - consolidated IND AS INR Mn Q4 FY’23 Q3 FY’24 Q4 FY’24 QoQ YoY FY’23 FY’24 YoY Revenue from operations 14,024 12,895 13,010 0.9% (7.2%) 44,142 51,172 15.9% Services Segment 9,740 10,012 9,951 (0.6%) 2.2% 35,312 39,826 12.8% Technology Solutions segment 4,284 2,883 3,060 6.1% (28.6%
Slide 11: Operational performance
Operational performance Q4 FY’23 Q3 FY’24 Q4 FY’24 QoQ YoY In Constant Currency USD Mn QoQ YoY Revenue from operations 170.4 154.8 156.6 1.2% (8.1%) 0.3% (9.3%) Service Segment 118.7 120.2 120.2 0.0% 1.3% (1.0%) (0.5%) USD Mn FY’23 FY’24 YoY In Constant Currency YoY Revenue from operations 547.0 617
Slide 12: Q4'24 Key metrics
Q4’24 Key metrics Services: Customer pyramid (LTM) Q4’ 23 Q3’ 24 Q4' 24 > 50 Mn 3 3 3 10-50 Mn 3 3 5 5-10 Mn 1 4 3 1-5 Mn 27 29 30 Employee metrics Q4’ 23 Q3’ 24 Q4' 24 Headcount 11,616 12,623 12,688 Voluntary attrition, LTM 21.7% 15.4% 14.5% Headcount includes FTEs and contractors Liquidity metrics
Slide 13: FY'24 Financial highlights
FY’24 Financial highlights Revenue from Operations Revenue from Services Segment +15.9% YoY +12.8% YoY 39,826 51,172 35,312 INR Million 44,142 INR Million FY 2023 FY 2024 FY 2023 FY 2024 Revenue from Operations Revenue from Services Segment +13.0% YoY +10.3% YoY 617.9 483.3 USD Million 438.3 USD Mil
Slide 14: FY'24 Financial highlights
FY’24 Financial highlights Gross Margin % Gross Margin: Services Segment 28.6% 28.4% 30.7% 31.5% FY 2023 FY 2024 FY 2023 FY 2024 Operating EBITDA Margin EBIT Margin 18.6% 18.4% 16.5% 16.3% FY 2023 FY 2024 FY 2023 FY 2024 13 © Copyright 2024 Tata Technologies. All rights reserved. All other trademark
Slide 15: FY'24 Financial highlights
FY’24 Financial highlights % of Operating Revenue % of Services Segment Revenue 20% 22% 11% 13% 80% 78% 89% 87% FY 23 FY 24 FY 23 FY 24 Services Segment Technology Solutions Segment Auto Non-Auto Revenue Mix 64% 62% 36% 38% FY 23 FY 24 Offshore % Onshore % Offshore revenue represents Services revenu
Slide 16: Q4 FY'24 Financial highlights
Q4 FY’24 Financial highlights Revenue from Operations Revenue from Services Segment -7.2% YoY; +0.9% QoQ +2.2% YoY; -0.6% QoQ 14,024 9,740 10,012 9,951 12,895 13,010 INR Million INR Million Q4 FY23 Q3 FY24 Q4 FY24 Q4 FY23 Q3 FY24 Q4 FY24 Revenue from Operations Revenue from Services Segment -8.1% Yo
Slide 17: Q4 FY'24 Financial highlights
Q4 FY’24 Financial highlights Gross Margin Gross Margin: Services Segment 28.4% 28.3% 31.8% 31.4% 29.3% 25.7% Q4 FY23 Q3 FY24 Q4 FY24 Q4 FY23 Q3 FY24 Q4 FY24 Operating EBITDA Margin EBIT Margin 18.4% 16.2% 16.2% 18.3% 15.5% 17.3% Q4 FY23 Q3 FY24 Q4 FY24 Q4 FY23 Q3 FY24 Q4 FY24 16 © Copyright 2024 Ta
Slide 18: Q4 FY'24 Financial highlights
Q4 FY’24 Financial highlights % of Operating Revenue % of Services Segment Revenue 22% 11% 14% 14% 31% 24% 78% 89% 86% 86% 69% 76% Q4'23 Q3' 24 Q4' 24 Q4'23 Q3' 24 Q4' 24 Services Segment Technology Solutions Segment Auto Non-Auto Revenue Mix 63.8% 60.5% 62.3% 36.2% 39.5% 37.7% Q4'23 Q3' 24 Q4' 24 O
Slide 19: Innovating solutions to deliver customer value
Innovating solutions to deliver customer value © Copyright 2024 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
Slide 20: JV with BMW Group for automotive software, SDV & business IT solutions
JV with BMW Group for automotive software, SDV & business IT solutions The new Joint Venture (JV) will deliver automotive software, including software-defined vehicle (SDV) solutions for BMW Group’s premium vehicles and digital transformation solutions for its business IT Group photograph featuring
Slide 21: About Tata Technologies
About Tata Technologies Tata Technologies (BSE: 544028, NSE: TATATECH) is a global product engineering and digital services company focused on fulfilling our mission of helping the world drive, fly, build, and farm by enabling our customers to realize better products and deliver better experiences.
Slide 22: Contact Us
Contact Us For investor queries Name: Vijay Lohia Email: ir@tatatechnologies.com Desk Phone: +91 20 66529090 For media queries Name: Priyanka Bhatia Email: priyanka.bhatia@adfactorspr.com Desk Phone: +91 22 67574444 21 © Copyright 2024 Tata Technologies. All rights reserved. All other trademarks are
Slide 23: tatatechnologies.com
ASIA PACIFIC 25 Rajiv Gandhi Infotech Park /TataTechnologies Hinjawadi, Pune @tatatechnologies India 411057 /TataTech_News Tel: +91 20 6652 9090 /TataTechnologies /TataTechnologies EUROPE The European Innovation tatatechnologies.com and Development Centre (EIDC) Olympus Avenue Tachbrook Park Warwick