Sasken Technologies Ltd · NSE:SASKEN
Sasken Technologies — Q1 FY25 Earnings Presentation
27 slides from Sasken Technologies's earnings presentation, 2024
Slide 1: Investor Presentation Q1 2024-25
Investor Presentation Q1 2024-25 www.sasken.com | © Sasken Technologies Ltd. 1
Slide 2: Safe Harbor Clause
Safe Harbor Clause Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements due to risks or uncertain
Slide 3: Sasken at a glance
Sasken at a glance Product Engineering Digital Transformation Semiconductor Communication Automotive & SatCom Enterprise Industrials Transportation & Devices Off-Highway Grade Devices ASIC Design Services 35+ Years 200+ unique products are shipped 1600+ Cyber Security leadership in Engineering R&D E
Slide 4: 60x4x3: Our strategy to accelerate growth
60x4x3: Our strategy to accelerate growth 60 Marquee Accounts x at least $4M Anchor culture of execution, accountability & empowerment per account Reinforce World-Class, Tech-First, and Intellectual Integrity x Empower regional teams for culture sensitive local decision-making in 3 Unwavering commit
Slide 5: Our Commitment To Society (ESG)
Our Commitment To Society (ESG) Environmental Governance Social Governance Corporate Governance • Environmental Goals • Social Goals • Governance Goal • Water Impact • Diversity & Inclusion • Sustainability Governance • Energy Management • Human Rights • Sustainability Governance Strategy • Greenhou
Slide 6: Snapshot of our FY24 ESG achievements
Snapshot of our FY24 ESG achievements 51% 85% 100% 4,500 72% 20 reduction in power replenished of all light kilo litres of of water kgs/per GHG emissions by sustainable fittings in LED waste -water requirements person/annum versus 2018/19 energy recycled met from waste reduction ground rain compared
Slide 7: Q1 FY25 performance highlights
Q1 FY25 performance highlights www.sasken.com | © Sasken Technologies Ltd. 7
Slide 8: Message from the management
Message from the management “ We are extremely pleased with the progress we have made in Q1 FY25. Our 60x4x3 strategy, combined with a focus on innovation and expanding our customer base has started yielding excellent results. We will continue to make investment in advanced technologies like AI and
Slide 9: Financial and operational summary
Financial and operational summary A quarter in which our ongoing strategic investments in people and technologies started yielding results ₹1,234 M 4.2% 1.8% 14.3% ₹12.03 Revenue (13.2% QoQ) EBITDA EBIT PAT EPS (5.3% QoQ) Increasing sales momentum Growing utilization Improving employee metrics Con
Slide 10: Key business updates
Key business updates Major order wins Technology growth levers People and processes • Confidential SaaS model compute • Invested in Anups Silicon Services to • Received Great Place to Work solutions for a global leader in tap the silicon & IP-led design and certification semiconductors foundry servi
Slide 11: Financial performance snapshot
Financial performance snapshot Consolidated Revenues ($ M) Consolidated Revenues (₹ M) 1,233.6 1,089.9 14.7 984.9 13.0 12.1 Q1 FY25 Q4 FY24 Q1 FY24 Q1 FY25 Q4 FY24 Q1 FY24 QoQ Growth: 13.0% ; YoY Growth: 21.1% QoQ Growth: 13.2% ; YoY Growth: 25.3% Consolidated EBIT (₹ M) Consolidated PAT (₹ M) 1.8%
Slide 12: Customer profile
Customer profile Number of active customers Customer break-up by LTM sales Top 10 customer concentration 66 < $1 M $1M - $4M $4M+ 64 58 1 63% 1 58% 56% 16 15 2 13 49 48 43 Q1 FY25 Q4 FY24 Q1 FY24 Q1 FY25 Q4 FY24 Q1 FY24 Q1 FY25 Q4 FY24 Q1 FY24 • Number of active customers has been on an increasing t
Slide 13: Order booking status
Order booking status Total Contract Value in $ M 28.7 29.2 11.2 13.9 Out of the total contract value of $11.5M in Q1 11.5 FY25, the annual contract value is $7.8M 1.6 18.0 14.8 9.9 Q1 FY25 Q4 FY24 Q3 FY24 New Renewals www.sasken.com | © Sasken Technologies Ltd. 13
Slide 14: Q1 FY25 news and achievements
Q1 FY25 news and achievements www.sasken.com | © Sasken Technologies Ltd. 14
Slide 15: Recent awards & recognitions
Recent awards & recognitions Great Place to Work iNFHRA's Corporate EXcellence iNFHRA's Corporate Mercer Mettl HRedge Award Conference Excellence Conference (Best skill transformation (Excellence in Energy Management (Excellence in ESG) initiative within the IT / Waste / Water /Pollution industry) M
Slide 16: Partnership with JOYNEXT
Partnership with JOYNEXT • Combine each other’s strengths in automotive including chip-to-cloud cognitive engineering and cybersecurity • JOYNEXT to tap Sasken's deep domain knowledge for enhancing its connectivity solutions for automotive OEMs • Initial focus on automotive software maintenance, ASP
Slide 17: Additions to our leadership team
Additions to our leadership team Alwyn is a dynamic and entrepreneurial leader with over 18 years of experience in the technology and engineering services sectors. Prior to joining Sasken, he has held senior leadership roles at TCS, ITC Infotech, and most recently served as Deputy CEO at FPT Softwar
Slide 18: Share price performance
Share price performance 2000 1800 81% 1600 1400 1200 1000 800 27-Jul-23 27-Aug-23 27-Sep-23 27-Oct-23 27-Nov-23 27-Dec-23 27-Jan-24 27-Feb-24 27-Mar-24 27-Apr-24 27-May-24 27-Jun-24 www.sasken.com | © Sasken Technologies Ltd. 18
Slide 19: Q1 FY25 financial details and key metrics
Q1 FY25 financial details and key metrics www.sasken.com | © Sasken Technologies Ltd. 19
Slide 20: Key metrics (1 of 3)
Key metrics (1 of 3) Revenue Mix - Delivery 24% 27% 24% Q1 FY25 Q4 FY24 Q1 FY24 76% 73% 76% Onsite Offshore Utilization Revenue Mix – Project Type 16% 14% 13% 70.4% 68.0% 63.6% Q1 FY25 Q4 FY24 Q1 FY24 84% 86% 87% T&M FPP Q1 FY25 Q4 FY24 Q1 FY24 FPP includes all non T&M revenues www.sasken.com | © Sa
Slide 21: Key metrics (2 of 3)
Key metrics (2 of 3) Geography wise revenues 7% 6% 8% 23% 22% 36% 42% 43% 25% Q1 FY25 Q4 FY24 Q1 FY24 28% 29% 31% North America EMEA India APAC Customer concentration 63% 56% 58% 42% 35% 34% Q1 FY25 Q4 FY24 Q1 FY24 Top 5 Top 10 www.sasken.com | © Sasken Technologies Ltd. 21
Slide 22: Key metrics (3 of 3)
Key metrics (3 of 3) Human resource metrics Total Employees Gross Adds Net Adds 1,622 1,577 1,410 245 189 147 45 45 Q1 FY25 Q4 FY24 Q1 FY24 -86 Attrition % Q1 FY25 Q4 FY24 Q1 FY24 Attrition LTM % 9.6% 10.6% 21.3% Annualised Attrition Quarterly % 9.3% 7.6% 14.9% www.sasken.com | © Sasken Technologies
Slide 23: Income statement summary – consolidated
Income statement summary – consolidated (₹ M) Growth over Particulars Q1 FY25 % Q4 FY24 % Q1 FY24 % Q4 FY24 Q1 FY24 Revenues 1,233.58 100.0% 1,089.90 100.0% 984.89 100.0% 13.2% 25.3% Cost of Revenue 856.39 69.4% 772.89 71.0% 634.70 64.4% -10.8% -34.9% Gross Profit 377.19 30.6% 317.01 29.0% 350.19 35
Slide 24: Income statement summary – consolidated nature wise
Income statement summary – consolidated nature wise (₹ M) Growth over Particulars Q1 FY25 % Q4 FY24 % Q1 FY24 % Q4 FY24 Q1 FY24 Revenue from Operations 1,233.58 100.0% 1,089.90 100.0% 984.89 100.0% 13.2% 25.3% Other Income 174.45 14.1% 208.99 19.2% 215.05 21.9% -16.5% -18.9% Total Revenue 1,408.03 1
Slide 25: Balance sheet summary - consolidated (1 of 2)
Balance sheet summary - consolidated (1 of 2) (₹ M) Particulars June 30, 2024 % March 31, 2024 % ASSETS Non-current assets Property, plant and equipment (incl CWIP) 324.99 3.4% 327.53 3.5% Right to use assets 196.37 2.1% 77.22 0.8% Intangible assets 75.14 0.8% 78.71 0.9% Goodwill 100.47 1.1% 100.47
Slide 26: Balance sheet summary - consolidated (2 of 2)
Balance sheet summary - consolidated (2 of 2) (₹ M) Particulars June 30, 2024 % March 31, 2024 % EQUITY AND LIABILITIES Equity share capital 150.78 1.6% 150.78 1.6% Other equity 7,739.87 81.1% 7,537.46 81.4% Total Equity 7,890.65 82.7% 7,688.24 83.0% Non-controlling interests 149.66 1.6% 154.57 1.7%
Slide 27: Thank You!
Thank You! www.sasken.com | © Sasken Technologies Ltd. 27