Slide 1: Cover letter to BSE and NSE
Mastek Limited T +91 22 6722 4200 #106,107 SDF-IV Seepz, Andheri (East), F +91 22 6695 1331 Mumbai 400096, Maharashtra, India W www.mastek.com SEC/16/2020-21 June 15, 2020 Listing Department Listing Department BSE Limited The National Stock Exchange of India Limited 25th Floor, Phiroze Jeejeebhoy To
Slide 2: Press Release | Q4 & FY'20
Mastek*@ Press Release | Q4 & FY’20
Slide 3: Q4FY20 Total Income at Rs 354.2 crore; up 39.9% Q-o-Q
For Immediate Release Q4FY20 Total Income at Rs 354.2 crore; up by 39.9% Q-o-Q basis Q4FY20 Constant Currency Revenue grew 36.1% Q-o-Q Q4FY20 Operating EBITDA Margin of 17.3%; up 350 bps Q-o-Q Added 24 new clients during the quarter 12M Order Backlog up by 66.7% Q-o-Q Mumbai, India – 14 June
Slide 4: Consolidated Financial Performance for Full Year and Quarter
For Immediate Release confident that we will continue to grow, create value for our customers in their digital journey and maximize value for our shareholders.” Review of the Consolidated Financial Performance for Full Year and Quarter ended 31st March 2020: (in Constant Currency) FY2020 Q4FY20 Y-o-
Slide 5: Operating highlights
For Immediate Release Operating highlights: New accounts billed during the quarter: The Company added 24 new clients in Q4FY20 and 53 clients in FY20. Total client count as of 31 st March, 2020 was 436 (LTM) as compared to 143 (LTM) in Q3FY20. 12 month Order Backlog: 12 month order backlog was R
Slide 6: Awards and recognition
For Immediate Release - Mastek was a finalist at this year's UK IT Industry Awards. Mastek had been shortlisted for UK IT Vendor of the Year and Automation Project of the Year for the work done with IPF using AI to reduce fraud and improve customer experience - Mastek along with its customer, NHS Di
Slide 7: Covid-19 Impact
For Immediate Release Covid-19 Impact: Unprecedent health crisis triggered by Covid-19 has culminated into a global economic crisis. It has impacted all the sectors in varying degrees. While Healthcare sector has had a positive impact due to obvious reasons, the Travel, Hospitality & Retail sector
Slide 8: About Mastek
For Immediate Release About Mastek Mastek (NSE: MASTEK; BSE: 523704), is an enterprise digital transformation specialist that engineers excellence for customers in the UK, US, and India. It enables large-scale business change programmes through its service offerings, which include application develo
Slide 9: Forward-looking statements note
For Immediate Release Note: Except for the historical information and discussion contained herein, statements included in this release may constitute forward looking statements. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from tho
Slide 10: Thank You
For Immediate Release T Thank You _________________________________________________________________________________ 9 of 9
Slide 11: Performance Overview: Q4 FY'20
Mastek Investor Presentation Performance Overview: Q4 FY’20 14 June 2020 Presented by: John Owen | Group CEO Abhishek Singh | Group CFO © Copyright Mastek, 2020. All Rights Reserved
Slide 12: Disclaimer
Disclaimer This presentation contains certain forward-looking statements concerning our future growth prospects which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These risks and uncertainties include,
Slide 13: Agenda
Agenda • Financial performance Quarterly – Q4’FY20 Full Year – FY’20 • Mastek & Evosys • Operational performance • Business Updates • Annexures 1. Mastek Organic Performance 2. Evosys Group Insight • Questions & answers © Copyright Mastek, 2020. All Rights Reserved 3
Slide 14: Financial performance
Financial performance © Copyright Mastek, 2020. All Rights Reserved
Slide 15: Highlights of the Quarter
Highlights of the Quarter • Mastek UK ranked as “29th fastest-growing Indian companies in UK” in CII-GT India Meets Britain 2020 tracker report. This evidences strong presence of Mastek in UK • Evosys UK has been recognized and ranked at the impressive 4th position in the same tracker report, reaffi
Slide 16: Financial Summary Q4 FY'20
Financial Summary Q4 FY’20 Key Performance Metrics (Figures in Rs Crore) Particulars Metrics Q4FY20 Q3FY20 QoQ Growth Q4FY19 YoY Growth Total Income from operations* 336.7 243.7 38.2% 267.1 26.0% Revenue Crore) (In Rs Other Income 17.5 9.5 83.3% 6.9 152.5% Total Income 354.2 253.2 39.9% 274.0 29.2%
Slide 17: Financial Performance Q4 FY'20 – Consolidated
Financial Performance Q4 FY’20 – Consolidated Comparison: Quarter-on- Quarter (Figures in Rs Crore) Operating Revenue Operating EBITDA & Margin (%) 17.3% 38.2% Q-o-Q 336.7 13.2% 13.8% 267.1 36.1% Q-o-Q (CC) 58.2 243.7 26.0% Y-o-Y 73.1% Q-o-Q 35.3 33.6 23.4% Y-o-Y (CC) 65.0% Y-o-Y Q4 FY19 Q3 FY20 Q4
Slide 18: Financial Summary FY'20
Financial Summary FY’20 Key Performance Metrics (Figures in Rs Crore) Particulars Metrics FY20 FY19 YoY Growth Total Income from operations* 1,071.5 1,033.2 3.7% Revenue Crore) (In Rs Other Income 41.3 24.8 66.7% Total Income 1,112.8 1,058.0 5.2% Op. EBITDA 155.4 131.5 18.1% (In Rs Crore) Margins To
Slide 19: Financial Performance FY'20 - Consolidated
Financial Performance FY’20 - Consolidated Comparison: Year – on - Year (Figures in Rs Crore) Operating Revenue Operating EBITDA & Margin (%) 14.5% 12.7% 155.4 1071.5 1033.2 131.5 3.7% Y-o-Y 4.0% Y-o-Y (CC) 18.1% Y-o-Y FY19 FY20 FY19 FY20 PAT & Margin (%) Free Cash Flow FCF to PAT: 10.2% 147.6% 9.6%
Slide 20: Balance Sheet Metrics FY'20 - Consolidated
Balance Sheet Metrics FY’20 - Consolidated Comparison: Year – on - Year (Figures in Rs Crore) Cash & Cash Equivalent* Total Net worth* Net Cash: 927.5 Rs 81.0 cr Net Cash: 716.4 Rs 174.9 cr 414.7 29.5% Y-o-Y 244.5 FY19 FY20 69.6% Y-o-Y FY19 FY20 Return on Equity*# Return on Capital Employed*# 16.0%
Slide 21: Mastek & Evosys
Mastek & Evosys © Copyright Mastek, 2020. All Rights Reserved
Slide 22: Gartner Magic Quadrant (2019-2020 Comparison)
Gartner Magic Quadrant (2019-2020 Comparison) 2019* 2020* Improvement in ranking of Evosys year on year $ 20 Billion+ in services & implementation revenue opportunity around Oracle annually Existing players in ‘Leaders’ quadrant bag majority of the transformational opportunity using their inte
Slide 23: Opportunity: Cross-sell and Co-sell
Opportunity: Cross-sell and Co-sell 144 active clients 495 active clients 500+ clients globally 1,300+ clients globally Evosys Services Mastek Services Oracle Cloud Application Application Development Implementation Digital Commerce Oracle On Premise Application Support & Maintenance Imple
Slide 24: Operational performance
Operational performance © Copyright Mastek, 2020. All Rights Reserved
Slide 25: Operating Metrics Q4 FY'20
Operating Metrics Q4 FY’20 Strengthening our business Q4FY20 Particulars Metrics Q3FY20 Q4FY19 Consolidated Mastek Organic New Clients Added 24 11 9 7 Active Client (immediately preceding 12 months) 436 144 143 157 Client Base Top 5 35.8% 48.2% 43.3% 41.7% Top 10 50.9% 68.6% 63.4% 58.8% Total Employ
Slide 26: Revenue Analysis Q4 FY'20 - Consolidated
Revenue Analysis Q4 FY’20 - Consolidated Balancing our portfolio Revenue by Market Region* Revenue by Industry Segment 1.5% 1.0% 4.7% 5.4% 5.4% 22.0% 23.1% 7.0% 14.5% 17.9% 17.3% 19.2% 14.1% 9.8% 11.4% 17.0% 33.9% 33.5% 76.5% 75.9% 22.2% 69.1% 33.0% 32.4% 32.1% Q4 FY19 Q3 FY20 Q4 FY20 Q4 FY19 Q3 FY2
Slide 27: Revenue Analysis Q4 FY'20 - Consolidated
Revenue Analysis Q4 FY’20 - Consolidated Revenue by Service line 2.3% 1.0% 0.8% 2.7% 3.6% 3.9% 4.6% 7.4% Agile Consulting 9.4% 12.9% 19.2% Assurance & Testing 20.4% 13.2% BI & Analytics 22.3% 21.6% 25.8% Application Support & Maintenance Digital Commerce Oracle Suite & Cloud 46.4% Migration 42.3% 40
Slide 28: Business Updates
Business Updates © Copyright Mastek, 2020. All Rights Reserved
Slide 29: Evosys Acquisition Update
Evosys Acquisition Update Announcement on 8th February 2020 Post Closing •Board approved acquisition •Sales & Marketing teams working together •Mastek Arabia FZ LLC incorporated •Process of integration for specific business functions Regulatory in progress as planned Integration •Consideration of Rs
Slide 30: Covid Updates
Covid Updates COVID-19 •100% employees moved to work from home across geographies •IT infrastructure arranged in short period of time to enable uninterrupted delivery of services to our customers •Desktop delivered with secured environment to employees residence to abide by customer security require
Slide 31: Shareholding Pattern of Mastek Limited
Shareholding Pattern of Mastek Limited Q4’FY20 (As on 31 March 2020) Post approval of Scheme of Arrangement Others 33.8% Others Promoters Promoters (including 38.4% 45.1% Evosys shareholders) 43.6% FPIs 6.2% MFs/ MFs/ AIFs FPIs AIFs 14.9% 5.3% 12.7% © Copyright Mastek, 2020. All Rights Reserved 21
Slide 32: Thank you
Thank you © Copyright Mastek, 2020. All Rights Reserved
Slide 33: Annexure 1 - Performance of Mastek Organic
Annexure - 1 Performance of Mastek Organic © Copyright Mastek, 2020. All Rights Reserved
Slide 34: Financial Performance Q4 and FY'20 – Mastek Organic
Financial Performance Q4 and FY’20 – Mastek Organic Comparison: Quarter-on-Quarter and Year-on-Year (Figures in Rs Crore) Operating Revenue Operating Revenue 267.1 2.5% Q-o-Q 1,033.2 249.7 243.7 1.2% Q-o-Q (CC) 984.5 6.5% Y-o-Y 4.7% Y-o-Y 8.0% Y-o-Y (CC) 4.1 Y-o-Y (CC) Q4 FY19 Q3 FY20 Q4 FY20 FY19 F
Slide 35: Annexure 2 - Insights into Evosys Group
Annexure - 2 Insights into Evosys Group © Copyright Mastek, 2020. All Rights Reserved
Slide 36: Business Overview
Business Overview • Founded in 2006 by Umang Nahata and Rakesh Raman • Leading & fastest-growing “Oracle Platinum Cloud Premier Partner” • Has proven expertise in implementation of all Oracle solutions including ERP, HCM, SCM, BI and other EBS suites • Headquarter in Ahmedabad; strong presence in AP
Slide 37: One of the Top SI for Oracle Cloud Applications
One of the Top SI for Oracle Cloud Applications Global and Cross Pillar Value Based Delivery • 1000+ Global Customers with presences Deliver Measurable Outcome. in 30+ countries. • Expertise in all Oracle Cloud Pillars Evosys Glide (On Prem to Cloud) Verticalized Approach Oracle Global Transformatio
Slide 38: Evosys Services and Practices
Evosys Services and Practices Services Practice Top Industries • Oracle Cloud Application Implementation • Enterprise Resource Planning • Public Sector – ERP | HCM | SCM | EPM | CX | • Supply Chain Management • Healthcare PAAS • Human Capital Management • Financial Services • Oracle On Premise Imple
Slide 39: Our ERP, SCM Extensions/Solutions
Our ERP, SCM Extensions/Solutions Evo Bank Facility Point of Sales System Evo Subcontract Catch Weight Sales Management Management Solution Solution Evo Van Sales Solution Evo Mobile Supply Chain Online Freight Calculation SMART Desk- Service Solution Request Mgmt. Multi-dimensional Regression & Dat
Slide 40: Prebuild Accelerators for On Premise to Cloud Transformation
Prebuild Accelerators for On Premise to Cloud Transformation 79 clients 5 clients 6 clients Assessment of Support and Insights to build Advisory services Data configuration & enhancement expected ROI for transformation Migration customizations services Accelerators © Copyright Mastek, 2020. All Righ
Slide 41: Awards and Recognition
Awards and Recognition © Copyright Mastek, 2020. All Rights Reserved
Slide 42: Questions & Answers
Questions & Answers © Copyright Mastek, 2020. All Rights Reserved