Slide 1: Cover letter to stock exchanges
23 January 2025 BSE Limited National Stock Exchange of India Ltd PJ Towers Exchange Plaza Dalal Street Bandra-Kurla Complex, Bandra(E) Mumbai 400001 Mumbai-400 051 Scrip Code: 532175 Scrip Code: CYIENT Dear Sir, Sub: Investor Presentation Please find enclosed Investor Presentation issued by the Comp
Slide 2: Investor Presentation Q3 FY25
INVESTOR PRESENTATION Q3 FY25
Slide 3: Confidentiality Statement
Confidentiality Statement The information shared herein is strictly confidential, proprietary and unique to the company. It is only made and shared for the purpose and extent it is intended for and no other. Usage or sharing of the said information in any form, directly or indirectly and in any mann
Slide 4: Leadership Team
Leadership Team KRISHNA BODANAPU PRABHAKAR ATLA Executive Vice-Chairman & President & CFO Managing Director © CYIENT 2025 | Confidential 3
Slide 5: Business Highlights
Business Highlights Financial Highlights DET Business Update • Business Highlights for • DET (Digital, Engineering & • BU performance the Group Technology) • Business Outlook • Group Annexures © CYIENT 2025 | Confidential 4
Slide 6: Business Highlights for the Group
Business Highlights Financial Highlights DET Business Update • Business Highlights for • DET (Digital, Engineering & • BU performance the Group Technology) • Business Outlook • Group Annexures © CYIENT 2025 | Confidential 5
Slide 7: Organisational Update
Organisational Update • Mr. Karthikeyan Natarajan has resigned as Executive Director and Chief Executive Officer of Cyient Limited effective immediately. We are grateful to Karthik for his contributions and commitment to the long-term success of the business, and we wish him the best for his future
Slide 8: Business Highlights for the Quarter
Business Highlights for the Quarter Life time Achievement Awards – Founder Chairman Partnership with Allegro MicroSystems to Drive Dr. B.V.R. Mohan Reddy Innovation in Magnetic Sensors & Power Semiconductors • Our Founder Chairman, Dr. B.V.R. Mohan Reddy, has been • Inaugurated a Center of Excellenc
Slide 9: Financial Highlights
Business Highlights Financial Highlights DET Business Update • Business Highlights for • DET (Digital, Engineering & • BU performance the Group Technology) • Business Outlook • Group Annexures © CYIENT 2025 | Confidential 8
Slide 10: Glossary
Glossary • Cyient Group Business Segments: • Cyient DET • Cyient DLM • Cyient Others • Cyient DET Business Units: • Transportation • Connectivity • Sustainability • New Growth Areas © CYIENT 2025 | Confidential 9
Slide 11: Financial Highlights for the Quarter | DET
Financial Highlights for the Quarter | DET 175.2M$ 1,480cr₹ 13.5% Revenue ($) Revenue (₹) EBIT +2.4% cc QoQ | -1.9% cc YoY +2.1% QoQ | -0.8% YoY -72 bps QoQ | -251 bps YoY 124Cr₹ 11.25₹ 245cr₹ PAT EPS FCF -29.9% QoQ | -28.3% YoY -30.0% QoQ | -28.5% YoY +38.7% QoQ | +27.3% YoY © CYIENT 2025 | Confide
Slide 12: Financial Highlights for the Quarter | Group
Financial Highlights for the Quarter | Group 228M$ 1,926cr₹ 11.4% Revenue ($) Revenue (₹) EBIT^ +4.5% cc YoY +5.8% YoY -288 bps YoY 128Cr₹ 11.65₹ 294cr₹ PAT^ EPS^ FCF -31.0% YoY -31.1% YoY +83.6% YoY ^Q3 FY25 Group EBIT, PAT and EPS exclude the impact of one-off M&A expenses incurred by Cyient DLM f
Slide 13: DET Business Update
Business Highlights Financial Highlights DET Business Update • Business Highlights for • DET (Digital, Engineering & • BU performance the Group Technology) • Business Outlook • Group Annexures © CYIENT 2025 | Confidential 12
Slide 14: BU Performance for the Quarter
BU Performance for the Quarter Revenue US$ Mn Q3 FY25 QoQ (cc) QoQ ($) YoY (cc) YoY ($) Transportation 52.7 3.7% 3.1% -1.7% -2.1% Connectivity 41.1 5.7% 4.3% -0.7% -0.6% Sustainability 51.7 -1.3% -3.0% -10.4% -10.7% New Growth Areas 29.7 2.1% 1.5% 14.1% 13.6% DET 175.2 2.4% 1.3% -1.9% -2.2% Order In
Slide 15: Business Outlook
BUSINESS OUTLOOK 14
Slide 16: FY25 Outlook
FY25 Outlook • For FY25, we expect DET revenue degrowth to be in the range of 2.7% YoY in constant currency terms • We expect Q4 FY25 exit EBIT margin to be in the range of 13.5%, primarily due to right shifting of revenue trajectory within the year © CYIENT 2025 | Confidential 15
Slide 17: About Cyient
About Cyient Cyient (Estd: 1991, NSE: CYIENT) partners with over 300 customers, including 30% of the top 100 global innovators, to deliver intelligent engineering for creating a digital, autonomous, and sustainable future. As a company, Cyient is committed to designing a culturally inclusive, social
Slide 18: Disclaimer
Disclaimer All the references to Cyient’s financial results in this update pertain to the company’s consolidated operations comprising: Wholly-owned and step down subsidiaries: Cyient Europe Limited; Cyient Inc.; Cyient GmbH; Cyient Australia Pty Ltd; Cyient Singapore Private Limited; Cyient KK; Cyi
Slide 19: Connect With Us
#DesigningTomorrowTogether Connect www.cyient.com With Us Follow us on © CYIENT 2025 | Confidential 18
Slide 20: Annexure
INVESTOR PRESENTATION ANNEXURE Q3 FY25
Slide 21: Message from the Management
Message from the Management Commenting on the results, Mr. Krishna Bodanapu, Executive Vice Chairman and Managing Director, said “Cyient Group witnessed positive Q3 FY25 results, with quarterly Group revenue at US$ 228 Mn, growth of 4.5% YoY in constant currency. Cyient’s Digital, Engineering and Te
Slide 22: Message from the Management
Message from the Management Commenting on the results, Mr. Prabhakar Atla, President and Chief Financial Officer, said, “Q3 FY25 DET revenues stood at US$ 175.2 Mn representing a growth of 2.4% QoQ in constant currency terms. This was driven by growth and continued recovery, in line with our expecta
Slide 23: DET Metrics
DET METRICS 4
Slide 24: Income Statement | DET
Income Statement | DET DET UOM Q3 FY25 Q2 FY25 Q3 FY24 Operating Revenue $ Mn 175.2 173.0 179.2 Operating Revenue ₹ Mn 14,799 14,496 14,914 Cost of Revenue ₹ Mn 9,042 8,744 8,954 Gross profit ₹ Mn 5,757 5,752 5,961 Gross margin % 38.9% 39.7% 40.0% Sales and Marketing expenses ₹ Mn 820 695 621 Genera
Slide 25: Other Income | DET
Other Income | DET Other Income (₹ Mn) DET Q3 FY25 Q2 FY25 Q3 FY24 Income from Investments 170 114 64 Realised gains/(losses) on Fwd Contracts 1 -1 -9 Unrealised Fx gains/(losses) -504 336 165 Others 116 17 -125 Total -218 465 94 © CYIENT 2025 | Confidential 6
Slide 26: Cash Generation | DET
Cash Generation | DET Cash Flow Summary (₹ Mn) DET Q3 FY25 Q2 FY25 Q3 FY24 Profit before tax (Reported) 1,657 2,342 1,744 Non-cash & non-operating items 507 716 911 Operating profit before WC changes 2,164 3,058 2,655 DSO Movement (Receivables) 156 70 -59 Other WC changes 659 -614 377 Operating CF a
Slide 27: Cash Position for the Quarter | DET
Cash Position for the Quarter | DET Cash Position (₹ Mn) DET Q3 FY25 Q2 FY25 Q3 FY24 Cash & Cash Equivalent including treasury investments 11,423 11,871 8,171 Cash & Bank balances 2,348 2,841 4,948 Investments in FDs 6,337 6,390 506 Investment in MFs and Commercial Papers 602 441 647 Other treasury
Slide 28: Other Metrics | DET (1/2)
Other Metrics | DET (1/2) Revenue by Geography (%) DET Q3 FY25 Q2 FY25 Q3 FY24 Americas 49.5% 48.3% 43.9% Europe, Middle East, Africa 28.8% 30.1% 35.0% Asia Pacific (including India) 21.7% 21.6% 21.1% Revenue by Currency (%) DET Q3 FY25 Q2 FY25 Q3 FY24 USD 46.7% 46.0% 44.0% EURO 15.9% 15.4% 20.7% GB
Slide 29: Other Metrics | DET (2/2)
Other Metrics | DET (2/2) Employees DET Q3 FY25 Q2 FY25 Q3 FY24 Total Headcount 14,378 14,799 15,678 Technical & Pool 13,227 13,661 14,519 Non-Technical 476 472 505 Support 675 666 654 Voluntary Attrition (LTM) 15.5% 15.0% 18.4% No. of Million $ Clients DET Q3 FY25 Q2 FY25 Q3 FY24 20 Mn+ 4 4 6 10 Mn
Slide 30: Group Balance Sheet & Income Statement
Group Balance Sheet & Income Statement 11
Slide 31: Balance Sheet Extract | Group
Balance Sheet Extract | Group Group Balance Sheet (₹ Mn) Q3 FY25 Q2 FY25 Q3 FY24 Exchange Rate (₹/$) Q3 FY25 Q2 FY25 Q3 FY24 ASSETS Non-current assets Average 84.51 83.79 83.24 - PPE, CWIP, ROU assets and Other intangible assets 11,996 11,614 12,155 Closing 85.39 83.72 83.14 - Goodwill 17,882 17,516
Slide 32: Income Statement | Group
Income Statement | Group Group UOM Q3 FY25 Q2 FY25 Q3 FY24 Operating Revenue $ Mn 228.0 220.7 218.8 Operating Revenue ₹ Mn 19,264 18,491 18,215 Cost of Revenue ₹ Mn 12,630 12,172 11,759 Gross profit ₹ Mn 6,634 6,319 6,456 Gross margin % 34.4% 34.2% 35.4% Sales and Marketing expenses ₹ Mn 867 739 634
Slide 33: About Cyient
About Cyient Cyient (Estd: 1991, NSE: CYIENT) partners with over 300 customers, including 30% of the top 100 global innovators, to deliver intelligent engineering for creating a digital, autonomous, and sustainable future. As a company, Cyient is committed to designing a culturally inclusive, social
Slide 34: Disclaimer
Disclaimer All the references to Cyient’s financial results in this update pertain to the company’s consolidated operations comprising: Wholly-owned and step down subsidiaries: Cyient Europe Limited; Cyient Inc.; Cyient GmbH; Cyient Australia Pty Ltd; Cyient Singapore Private Limited; Cyient KK; Cyi
Slide 35: Connect With Us
#DesigningTomorrowTogether Connect www.cyient.com With Us Follow us on © CYIENT 2025 | Confidential 16