Mastek Limited · NSE:MASTEK
Mastek — Q4 FY24 Earnings Presentation
27 slides from Mastek's earnings presentation, Apr 26, 2024
Slide 1: Investor Presentation Q4FY24
INVESTOR PRESENTATION Q4FY24 26 April 2024 Presented by: Hiral Chandrana | Chief Executive Officer, Mastek Arun Agarwal | Chief Financial Officer, Mastek
Slide 2: Table of Contents
Table of Contents 01 02 03 04 05 Highlights Financial & FY24 Full Year Key Wins for Strategic of the Operational Performance the Quarter Priorities for Quarter Performance FY25 Q4FY24 Investor Presentation | Earning Deck Company Confidential © Mastek 2023. All rights reserved | 2
Slide 3: Highlights of the Quarter
Mastek*@ Trust. Value. Velocity HIGHLIGHTS OF THE QUARTER
Slide 4: Highlights of Q4FY24
HIGHLIGHTS OF Q4FY24 Revenue Growth Operating EBITDA 12month Order backlog Year-on-Year 9.9% Margin 16.0% Q-o-Q Growth 4.9% Q4FY24 revenue at Q4FY24 Op. EBITDA 12 Months Order backlog at ₹ 779.7 Crore ₹ 125.1 Crore ₹ 2,168.4 Crore Revenue grew by Total EBITDA at 12 months order backlog grew by 6.0%
Slide 5: Highlights of FY24
HIGHLIGHTS OF FY24 Revenue Growth Operating EBITDA 12month Order backlog Year-on-Year 19.2% Margin 16.7% Year-on-Year Growth 20.9% FY24 revenue at FY24 Op. EBITDA 12 Months Order backlog at ₹ 3,054.8 Crore ₹ 508.7 Crore ₹ 2,168.4 Crore Revenue grew by Op. EBITDA grew by 12 months order backlog grew
Slide 6: Key Achievements & Recognitions
KEY ACHIEVEMENTS & RECOGNITIONS Mastek named as Mastek featured in Mastek complies Top 15 Sourcing Gartner’s Tool with Sustainability Standout in the ISG Earned 2024 ‘Great Vendor Accounting Booming 15 global Place to Work’ Identification for Standards Board Index for five Certification Cloud ERP, C
Slide 7: Financial & Operational Performance Q4FY24
FINANCIAL & OPERATIONAL PERFORMANCE Q4FY24
Slide 8: Financial Performance
FINANCIAL PERFORMANCE 900 25.0% 800 19.2% 20.0% 700 17.3% 17.7% 17.5% 17.2% 17.0% 600 16.1% 16.0% 15.0% 500 14.2% 13.6% 400 12.0% 10.0% 300 10.1% 10.2% 10.1% 9.9% 8.5% 200 5.0% 100 570 625 659 709 725 766 784 780 - 0.0% Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Revenue from Operations
Slide 9: Consolidated Financial Highlights Q4FY24
CONSOLIDATED FINANCIAL HIGHLIGHTS Q4FY24 Comparison: Quarter-on-quarter & Year-on-year (Figures In ₹ Crore) Operating Operating EBITDA PAT & 12 Months Revenue & Margin (%) Margin (%) Order Backlog 17.7% 17.0% 12.0% 16.0% 9.9% 10.2% 1,794.1 2,067.6 2,168.4 125.5 133.5 125.1 784.3 779.7 709.2 72.6 77.
Slide 10: Consolidated Financial Summary – Q4FY24
CONSOLIDATED FINANCIAL SUMMARY – Q4FY24 QoQ YoY Key Performance Metrics Q4FY24 Q3FY24 Q4FY23 Growth Growth Revenue from Operations ($mn) $93.7 $94.0 $86.3 (1.4)% (CC) 6.0% (CC) Revenue from Operations (₹ Crore) 779.7 784.3 709.2 (0.6)% 9.9% Revenue Other Income (₹ Crore) 5.5 3.4 (0.4) 61.7% - Total
Slide 11: Operating Metrics Q4FY24
OPERATING METRICS Q4FY24 Strengthening our business Q4FY24 Q3FY24 Q4FY23 New Clients Added 22 27 28 Active Client during the Quarter 430 436 464 Client Base Top 5 31.1% 30.4% 29.6% Top 10 41.5% 40.2% 40.6% No. of Clients with Annual Billing > USD 1mn 76 73 61 Total Employee 5,539 5,518 5,622 • Offsh
Slide 12: FY24 Full Year Performance
@ Mastek ®@ Trust. Value. Velocity FY24 FULL YEAR PERFORMANCE
Slide 13: Consolidated Financial Summary – FY24
CONSOLIDATED FINANCIAL SUMMARY – FY24 YoY Key Performance Metrics FY24 FY23 Growth Revenue from Operations ($mn) $368.4 $318.1 13.0% (CC) Revenue from Operations (₹ Crore) 3,054.8 2,563.4 19.2% Revenue Other Income (₹ Crore) 16.0 38.3 (58.2)% Total Income (₹ Crore) 3,070.8 2,601.7 18.0% Op. EBITDA 5
Slide 14: Balance Sheet Metrics FY24 – Consolidated
BALANCE SHEET METRICS FY24 – CONSOLIDATED Figures In ₹ Crore Cash & Cash Equivalent Return on Equity# Return on Capital Employed# 29.5% 20.7% 16.1% 794.0 270.0 473.3 33.6% 24.0% 17.7% FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 # Return on Equity = PAT/Average Networth; Return on Capital Employed =
Slide 15: Revenue Analysis FY24 – Consolidated
REVENUE ANALYSIS FY24 – CONSOLIDATED Balancing Our Portfolio Revenue by Market Region* Revenue by Contract Type 14.3% 13.7% 15.9% 17.7% 48.1% 41.8% 24.4% 53.7% 27.2% 68.0% 61.9% 56.9% 46.3% 51.9% 58.2% FY22 FY23 FY24 FY22 FY23 FY24 UK & Europe US AMEA Time & Material Fixed Price Investor Presentatio
Slide 16: Operational Performance: Revenue by Industry Segments
OPERATIONAL PERFORMANCE Revenue By Industry Segments FY24 – Consolidated FY24 43.9% 16.3% 12.6% 15.3% 11.9% Government & Education Health & Life Sciences FY23 41.8% 16.6% 14.6% 15.2% 11.8% Retail/ Consumer Manufacturing & Technology Financial Services # FY22 37.6% 23.5% 14.9% 12.9% 11.1% 0% 10% 20%
Slide 17: Operational Performance: Revenue by Service Line
OPERATIONAL PERFORMANCE Revenue By Service Line FY24 – Consolidated FY24 44.3% 30.9% 17.6% 7.2% Digital & Application Engineering Oracle Cloud & Enterprise Apps FY23 43.3% 31.8% 18.1% 6.8% Digital Commerce & Experience Data, Automation and AI FY22 45.5% 33.0% 11.8% 9.7% 0% 10% 20% 30% 40% 50% 60% 70
Slide 18: Key Wins for the Quarter
@ Mastek ®@ Trust. Value. Velocity KEY WINS FOR THE QUARTER
Slide 19: Key Wins for the Quarter
KEY WINS FOR THE QUARTER Government & Financial Services UK & Europe UK & Europe Americas AMEA Client A leading Ed-Tech company providing A Fortune 500 financial services Empowering a crucial UK-based comprehensive solutions to 15,000+ provider in the Americas, offering A government-established Deve
Slide 20: Key Case Studies and Wins
KEY CASE STUDIES AND WINS Healthcare UK & Europe Americas Americas Client An executive non-departmental public body of the A rapidly expanding subsidiary of a Fortune 100 A leading healthcare provider offering a wide array of Department of Health and Social Care, providing vital Healthcare giant, de
Slide 21: Key Case Studies and Wins
KEY CASE STUDIES AND WINS Healthcare Americas Americas AMEA Client A leading public teaching hospital providing acute care, A prestigious global non-profit organization renowned A prominent American University and Medical Center intensive care, and operating one of the state's largest for its unpara
Slide 22: Key Wins for the Quarter
KEY WINS FOR THE QUARTER Retail, Manufacturing & Technology UK & Europe UK & Europe Americas AMEA Client A pioneering manufacturer of consumer- The second-largest waste disposal packaged goods packaging, renowned company in North America, offering The national airline of a country in A global leader
Slide 23: Strategic Priorities for FY25
STRATEGIC PRIOIRTIES FOR FY25
Slide 24: FY25 Mastek Strategy & Enablers
FY25 MASTEK STRATEGY & ENABLERS Trusted Digital Engineering and Cloud Transformation Partner Public Sector in UK (Secure Govt. Services) Customer Delight Account Healthcare Mining focus in US & (Top 30 a/c Globally globally) Innovation with GenAI Mastek ENABLING PILLARS Brand & Culture Mgd.Services
Slide 25: GenAI
GENAI Ready to capture the wave with Industry-First Solutions plan.ai create.ai orchestrate.ai transform.ai deliver.ai • GenAI maturity • Foundational data prep • Salesforce, Oracle, • General purpose LLM • App development pilot assessment through data integration Microsoft GenAI features pilot usin
Slide 26: BizAnalytica is now Mastek's Data Cloud and Modernization Business
BIZANALYTICA IS NOW MASTEK’S DATA CLOUD AND MODERNIZATION BUSINESS Mastek Snowflake partnership tier upgraded to “Premier” tier Investor Presentation | Earning Deck Company Confidential © Mastek 2023. All rights reserved | 26
Slide 27: Thank You
THANK YOU This presentation contains information that may be privileged or confidential and is the property of Mastek. Copyright © 2022 Mastek. All rights reserved. Note: Except for the historical information and discussion contained herein, statements included in this release may constitute forward