Slide 1: Stock exchange cover letter for investor presentation
HEXT/SE/2026/45 Date: May 06, 2026 To, The Manager The General Manager Listing Department Department of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra-Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East), Mumbai - 400 051 Dalal Street, Mumbai - 400
Slide 2: Investor Presentation – Q1CY26
Investor Presentation – Q1CY26 May 2026 © 2026 Hexaware Technologies
Slide 3: Safe Harbor Statement / Forward-looking and Cautionary Statement / Disclaimer
Safe Harbor Statement / Forward-looking and Cautionary Statement / Disclaimer Certain statements in this presentation concerning our future growth prospects, litigations are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ mater
Slide 4: Key Financial and Business Highlights
Key Financial and Business Highlights Business Highlights Financial Highlights The Pivot to AI Revenue: • Addressing 12 new archetypes of opportunities/revenues due to AI • Q1CY26: USD 388.5 Mn | INR 36,130 Mn • Proactive offers to all our customers to deliver significant productivity due to AI in S
Slide 5: Hexaware AI Strategy for Customers
Hexaware AI Strategy for Customers AI for IT Guardrails First, Autonomy Next AI for Business Customers provide the guardrails, governance, and priorities; Building Agentic AI Models Together Hexaware integrates AI into every layer of IT operations. SDLC Digital Assurance Data SAAS IT Ops Customers p
Slide 6: AI in IT - We Bring AI Into IT Under Customer Defined Guardrails
AI in IT - We Bring AI Into IT Under Customer Defined Guardrails. Efficiency, Reliability, and Guardrail-driven Autonomy Digital Contact SDLC Data SAAS IT Operations Assurance Center Software Development Guardrails Security & Compliance Guardrails Policy & Operational Guardrails Technology Guardrail
Slide 7: AI for Business – Building Agentic AI Models Together
AI for Business – Building Agentic AI Models Together Our approach to AI for Business is built on six foundations Democratize AI Map Industry Processes Enterprise Taxonomy Strong foundation for building, deployment, L1 to L4 detail mapping with a mature view on Build an enterprise-wide taxonomy and
Slide 8: Winning Across Domains: Key Successful Deals
Winning Across Domains: Key Successful Deals Large audio equipment Large Global bank Large European bank Global Professional services manufacturer firm Digital ITO + cloud migration + Second phase of Consolidation Consolidation deal Consolidation deal customer experience deal US based data storage L
Slide 9: Q1CY26 Financial Highlights
Q1CY26 Financial Highlights Revenue (USD Mn) Reported EBIT (USD Mn) Q1CY26 reported EBIT of 13.0% YoY (%) 12.4% 4.5% 4.6% • -6 bps QoQ vs Q4CY25 adjusted EBIT of QoQ (%) (0.2%) (1.5%) (0.1%) Margin (%) 14.3% 7.3% 13.0% 13.0% (adjusted for Q4 related one timers) $389 $389 $53 $50 • +570 bps vs Q4CY25
Slide 10: Diverse Presence Across Verticals and Geographies
Diverse Presence Across Verticals and Geographies Vertical Split (%) Geographic Split (%) IT - BPS Split(%) 8% 2% 6% 12% 9% 29% 19% Q1CY26 Q1CY26 Q1CY26 13% Revenue Revenue Revenue Split Split Split 16% 23% 75% 88% Q1CY26 Q1CY26 Q1CY26 Growth (%)(1) QoQ YoY Growth (%)(1) QoQ YoY Growth (%)(1) QoQ Yo
Slide 11: Diverse Clientele with Strong Relationship
Diverse Clientele with Strong Relationship Client Pyramid (# LTM) Revenue Contribution by Customer Group (%) USD Mn(1) Q1CY25 Q1CY26 49.8% 49.8% 49.1% >$75 3 3 >$50 3 4 36.2% 36.4% 35.9% >$20 15 15 25.7% 25.9% 25.6% >$10 30 34 >$5 66 66 >$1 195 198 Top 5 customers Top 10 customers Top 20 customers L
Slide 12: Enhancing Operational Efficiency Through Revenue Optimization and Talent Management
Enhancing Operational Efficiency Through Revenue Optimization and Talent Management Revenue Mix – Onshore & Offshore (%)(1) Total Headcount (#) Onshore IT Services (%) Offshore IT Services (%) 32,410 33,590 33,844 33,798 31,564 45.6% 46.7% 48.8% 48.1% 48.5% 54.4% 53.3% 51.2% 51.9% 51.5% Q1CY25 Q2CY2
Slide 13: Cash Flow, ETR, and EPS Metrics
Cash Flow, ETR, and EPS Metrics DSO (Days) (1) LTM OCF / Reported Profit – Cash Conversion (%) DSO - Billed DSO - Unbilled 126.4% 126.6% 127.1% 125.1% 75 73 73 75 110.3% 67 36 33 31 36 29 39 40 37 38 44 Q1CY25 Q2CY25 Q3CY25 Q4CY25 Q1CY26 Q1CY25 Q2CY25 Q3CY25 Q4CY25 Q1CY26 Effective Tax Rate (%) Basi
Slide 14: Reaffirm revenue growth floor of 7.6%
Reaffirm revenue growth floor of 7.6% Update on Deals: • Q1 witnessed strong deal momentum, with wins across consolidation, outsourcing, and transformation programs • AI in SDLC single largest driver of deal activity and differentiation • In the GSE consolidation program, we have been selected as on
Slide 15: Appendix
Appendix
Slide 16: Awards and Recognition
Awards and Recognition after Europe, UK & Ireland, BeLux, v Germany Honored in SP Global Sustainability Yearbook 2026 ranking in the top 10% of its industry in the 2025 SP Global Corporate Sustainability Assessment (CSA) Hexaware Earned Top Rankings Honored in S&P Global Achieved Gold Stevie for Fas
Slide 17: Creating Meaningful Impact Beyond Business
Creating Meaningful Impact Beyond Business ESG and Sustainability Awards • Ecovadis Assessment: Hexaware is in the top 5% globally, awarded a Gold medal with a score of 82, placing us in the 98th percentile worldwide • S&P Global CSA: Got a score of 83/100 and 97th percentile, featured in the yearbo
Slide 18: Thank You
Thank You Please direct all inquiries to Investorrelations@hexaware.com
Slide 19: Investor Factsheet – Q1CY26
Investor Factsheet – Q1CY26 May 2026 © 2026 Hexaware Technologies
Slide 20: Key Financial Metrics
Key Financial Metrics Quarterly Metrics Change In INR million unless stated otherwise Q1CY26 Q4CY25 Q1CY25 QoQ (%) YoY (%) Revenue (USD Mn) $388.5 $389.0 $371.5 (0.1%) 4.6% Revenue – Constant Currency (CC) (0.3%) 3.2% Revenue (INR Mn) 36,130 34,782 32,079 3.9% 12.6% Profitability Reported EBIT (USD
Slide 21: Key Revenue Metrics – Q1CY26 (INR)
Key Revenue Metrics – Q1CY26 Revenue by Vertical % of % of % of In INR million Q1CY26 Q4CY25* Q1CY25* Revenue Revenue Revenue Financial Services 10,682 29.6% 10,463 30.1% 9,786 30.5% Healthcare and Insurance 8,189 22.7% 7,151 20.6% 6,672 20.8% Manufacturing and Consumer 5,810 16.1% 5,684 16.3% 4,780
Slide 22: Key Revenue Metrics – Q1CY26 (USD)
Key Revenue Metrics – Q1CY26 Revenue by Vertical % of % of % of In USD million Q1CY26 Q4CY25* Q1CY25* Revenue Revenue Revenue Financial Services 115 29.6% 117 30.1% 113 30.5% Healthcare and Insurance 88 22.6% 80 20.6% 77 20.8% Manufacturing and Consumer 63 16.1% 64 16.3% 55 14.9% Professional Servic
Slide 23: Key Client and Operational Metrics
Key Client and Operational Metrics Customer Concentration(1) Q1CY26 Q4CY25 Q1CY25 Top 5 customers 25.6% 25.9% 25.7% Top 10 customers 35.9% 36.4% 36.2% Top 20 customers 49.1% 49.8% 49.8% Client Pyramid(2) Q1CY26 Q4CY25 Q1CY25 $75 million + 3 3 3 $50 million + 4 4 3 $20 million + 15 16 15 $10 million
Slide 24: Other Key Metrics
Other Key Metrics Days Sales Outstanding (DSO) # of Days^ Q1CY26 Q4CY25 Q1CY25 DSO - Billed 44 38 39 DSO - Unbilled 31 29 36 USD / INR Exchange Rate Q1CY26 Q4CY25 Q1CY25 Period Closing Rate 94.84 89.88 85.48 Period Average Rate 92.60 89.37 86.52 ^DSO is computed based on trailing 3 months of USD rev
Slide 25: Summary of Consolidated Profit and Loss in USD million
Summary of Consolidated Profit and Loss in USD million Change Q1CY26 Q4CY25 Q1CY25 QoQ (%) YoY (%) Revenue 388.5 389.0 371.5 (0.1%) 4.6% Revenue – Constant Currency (0.3%) 3.2% (-) Employee Benefits Expense 231.8 228.3 215.7 1.5% 7.5% (-) Other Expenses 96.6 118.6 94.2 (18.5%) 2.5% (-) D&A 9.7 13.8
Slide 26: Summary of Consolidated Profit and Loss in INR million
Summary of Consolidated Profit and Loss in INR million Change Q1CY26 Q4CY25 Q1CY25 QoQ (%) YoY (%) Revenue 36,130 34,782 32,079 3.9% 12.6% (-) Employee Benefits Expense 21,457 20,403 18,622 5.2% 15.2% (-) Other Expenses 8,965 10,600 8,179 (15.4%) 9.6% (-) D&A 907 1,237 735 (26.7%) 23.4% Reported EBI
Slide 27: Summary of Consolidated Balance Sheet in INR million
Summary of Consolidated Balance Sheet in INR million As of period ending Mar-26 Dec-25 Assets Property, plant and equipment and intangible assets 9,706 9,415 Right-of-use assets 6,359 6,116 Goodwill 37,778 35,768 Capital work-in-progress 497 505 Deferred tax assets (net) 4,496 4,043 Other non-curren
Slide 28: Summary of Consolidated Cash Flow in INR million
Summary of Consolidated Cash Flow in INR million Q1CY26 Q1CY25 Profit before tax 4,728 4,363 D&A, ESOP cost, Finance cost & other items 1,075 1,241 Changes in working capital (5,235) (5,162) Taxes (644) (549) Net cash used in operating activities (OCF) (76) (107) Capex (410) (440) Investment in MFs
Slide 29: Reconciliation of Adj. EBITDA (Based on INR P&L)
Reconciliation of Adj. EBITDA (Based on INR P&L) Q1FY26 Q4CY25 Q1FY25 Reported EBITDA Margin 16.4% 17.0% 16.6% Add: ESOP compensation cost 0.4% 0.3% 0.4% Add: ERP transformation cost(1) 0.3% 0.3% 0.6% Add: Acquisition related costs(2) - 0.1% - Add: Provisions for customers and onerous vendor - 1.1%
Slide 30: About Hexaware Technologies
About Hexaware Technologies We are a global digital and technology services company with artificial intelligence (“AI”) at its core. We leverage technology to deliver innovative solutions that help our customers in their digital transformation journey and subsequent operations. We embed AI into ever
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