Coforge Limited · NSE:COFORGE

Coforge — Q2 FY2021 Earnings Presentation

12 slides from Coforge's earnings presentation, Oct 22, 2020

  1. Slide 1: Financial Performance Q2FY21

    Financial Performance Q2FY21 October 22, 2020 © 2020 Coforge © 2020 Coforge 1

  2. Slide 2: Agenda

    Agenda ▪ Financial Highlights ▪ Business Update ▪ Financial Statements • Income Statement • Balance Sheet ▪ Business Analysis © 2020 Coforge 2

  3. Slide 3: Financial Highlights – Q2FY21

    Financial Highlights – Q2FY21 Q2 Revenue at INR 11,537 Mn EBITDA at INR 2,048 Mn • Up 9.1% QoQ and 11.1% YoY • Up 21.4% QoQ and 7.9% YoY • Up 8.1% QoQ in constant currency • EBITDA Margins at 17.8%, Up 180 bps QoQ and down 53 bps YoY • Up 10.7% QoQ in $ terms • EBITDA excl. RSU Cost at 18.8% Net Pro

  4. Slide 4: Consolidated Income Statement

    Consolidated Income Statement Particulars Q2FY21 Q1FY21 QoQ% Q2FY20 YoY% Gross Revenues 11,537 10,570 9.1% 10,385 11.1% Direct Costs 7,776 7,241 7.4% 6,796 14.4% Gross Profit 3,761 3,329 13.0% 3,589 4.8% GM% 32.6% 31.5% 110 Bps 34.6% -196 Bps Selling / General And Administration 1,589 1,523 4.3% 1,6

  5. Slide 5: Balance Sheet

    Balance Sheet As at Sep 30 As at Jun 30 As at Sep 30 As at Sep 30 As at Jun 30 As at Sep 30 Particulars Particulars 2020 2020 2019 2020 2020 2019 Equity 606 605 624 Fixed Assets 4,621 4,666 4,955 Reserves & Surplus 21,044 19,630 22,401 Capital Work in Progress 6 3 82 Intangible Assets 6,055 6,009 6,

  6. Slide 6: Geographical Mix

    Geographical Mix Q1FY21 Q2FY21 ROW ROW 17% 16% Americas Americas 47% 48% EMEA EMEA 36% 36% • Americas increased by 11.9% QoQ • EMEA increased by 7.3% QoQ • ROW grew by 5.6% QoQ © 2020 Coforge 6

  7. Slide 7: Vertical Mix

    Vertical Mix Q1FY21 Q2FY21 BFS BFS 17% 17% Others Others 31% 30% Insurance Insurance 33% 34% Travel Travel 19% 19% • The Insurance segment grew 13.6% QoQ • The BFS segment grew 8.5% QoQ • The Travel segment grew 6.0% QoQ • The Others segment grew 6.7%; Healthcare contributes 2% to the total revenue

  8. Slide 8: Service Mix

    Service Mix Q1FY21 Q2FY21 IMS IMS 16% 16% SI & PI SI & PI 5% 5% BPO BPO 3% 3% IP Based IP Based 6% 7% ADM ADM 70% 69% Q2FY21: • Digital revenue at 36% • The product and IP based revenue stands at 7% © 2020 Coforge 8

  9. Slide 9: Order Intake

    Order Intake Order Intake ($ Mn) 218 201 180 186 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 • 12 new customers added: 7 in US, 3 in EMEA and 2 in ROW • $201 Mn order intake in the quarter leading to $ 489 Mn of firm business executable over next 12 months • Geographical breakdown of order intake – US (121 Mn),

  10. Slide 10: Top Client Mix

    Top Client Mix Top 5 Top 10 Top 20 Others 48% 48% 52% 52% 38% 36% 26% 25% Q1 '2 1 Q2 '2 1 MM $ Clients 107 109 © 2020 Coforge 10

  11. Slide 11: People Resource

    People Resource People Data 11,156 11,162 10,849 10,598 Dec'19 Mar'20 Jun'20 Sept'20 Net Additions 49 307 -558 564 Attrition% 11.93% 11.75% 11.84% 10.5% Utilization 79.3% 78.1% 77.0% 81.0% © 2020 Coforge 11

  12. Slide 12: End of Document

    End of Document © 2020 Coforge © 2020 Coforge 12

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