Slide 1: Submission letter to stock exchanges
Ref No.: OTL/Secretarial/SE/2024-25/56 Date: October 18, 2024 To, BSE Limited National Stock Exchange of India Ltd., Phiroz Jeejeebhoy Towers, Plot No. C/1 'G' Block Dalal Street, Mumbai – 400023 Bandra – Kurla Complex Bandra East, Mumbai 400051 Ref: Scrip Code - BSE: 517536 NSE: ONWARDTEC Sub.: Su
Slide 2: Earnings Presentation Q2 FY25
EARNINGS PRESENTATION Q2 FY25 18th October 2024
Slide 3: Disclaimer
Disclaimer This release may contain certain future prospects, which may be forward-looking statements. Forward-looking statements, by their nature, involve a number of risks and uncertainties that could cause actual results to differ materially from market expectations. These forward-looking stateme
Slide 4: Table of Contents
1 2 Onward Technologies Overview of Verticals: At Glance IE&HM, T&M, HCLS 3 4 Table of Contents Future RoadMap Financial Performance 5 Corporate Updates
Slide 5: Onward Technologies At Glance
01 Onward Technologies At Glance
Slide 6: Company at a Glance
Company at a Glance We are a Software Outsourcing Company Specialized in Digital and ER&D Services with GLOBAL STRATEGIC ROBUST FOOTPRINT VERTICALS FINANCIALS 2,626 Industrial 24% CAGR ₹ 240.6 Cr Equipment & Heavy Revenue Employees Revenue Machinery (IE&HM) (FY22 – FY24) 12 Offices Transportation 79
Slide 7: Journey so far....
Journey so far…. Transformation from IT Service Provider to a pure play Digital and ER&D Service Provider Focus on IT services Strategic shift to ER&D and Digital Transformation 1991-2015 2016 - 2018 2019 - 2020 2021 - 2022 2023 - 2024 • Founded in August 1991 by • Mr. Jigar Mehta appointed as • Int
Slide 8: Overview of Verticals: IE&HM, T&M, HCLS
02 Overview of Verticals : IE&HM, T&M, HCLS
Slide 9: Focus Verticals and Business Lines
Focus Verticals and Business Lines BUSINESS LINES OF Digital Mechanical Embedded GROWTH & • Cloud & DevOps • New Product Design & • Platform Services - FOCUSED VERTICALS • Application Development Sustenance Hardware, Software & Re-engineering • Value Engineering • Connectivity Solutions Global softw
Slide 10: Industrial Equipment & Heavy Machinery (IE&HM) Vertical
Industrial Equipment & Heavy Machinery (IE&HM) Vertical Industrial Equipment Off-Highway Power Generation Material Handling Engineering Services • Product Development – Off-Highway Products, Electrolyzers (Hydrogen Power) 1,350+ Engineers | 55% of revenue in H1 FY25 • Functional Safety Specialized i
Slide 11: Transportation & Mobility (T&M) Vertical
Transportation & Mobility (T&M) Vertical Interiors & infotainment Platform & validation Autonomous & connected cars Electrification Embedded Electronics and Software 950+ Engineers | 38% of revenue in H1 FY25 • System Engineering, Functional Safety & Cybersecurity • Expertise in Automotive (Cars, Tr
Slide 12: Healthcare & Life Sciences (HCLS) Vertical
Healthcare & Life Sciences (HCLS) Vertical Medical Devices Lab & analytical instrumentation Digital Health Pharma Digital Services Domain • Dev Ops • App Development – Web and Mobile Expertise across standards and geographies – ISO 13485, IEC • Data Analytics and Visualization 62304, ISO 14971, IEC
Slide 13: Future Roadmap
03 Future Roadmap
Slide 14: Future Roadmap
Future Roadmap Our Transformation Journey (2020 – 2024) Strategic Growth Plan (2024 and Beyond) • Established as a specialized Digital and Engineering R&D • Solid Foundation & Leadership: Leveraging our strong services entity. foundation and experienced leadership team to foster • Streamlined operat
Slide 15: Our Distinctive Strengths
Our Distinctive Strengths Design Thinking and Digital Transformation Committed to an exclusive focus on design thinking, digital transformation, and product engineering to drive innovation and success. Robust Processes and Specialized Tools Highlighting the use of field-tested processes and speciali
Slide 16: Financial Performance
04 Financial Performance
Slide 17: Key Highlights – Q2 FY25
Key Highlights – Q2 FY25 • Revenue was at ₹ 123.0 crore, reflecting a growth of 4.6% QoQ and 2.3% YoY. • EBITDA stood at ₹ 7.9 crore, with EBITDA margin of 6.4% in Q2FY25. • Continued to maintain momentum in its focused verticals in Q2FY25: • Industrial Equipment & Heavy Machinery contributed 55% of
Slide 18: Consolidated Financial Summary – Q2 / H1 FY25
Consolidated Financial Summary – Q2 / H1 FY25 QoQ YoY YoY Particulars (in ₹ Crore) Q2 FY25 Q1 FY25 Q2 FY24 H1 FY25 H1 FY24 Growth Growth Growth Revenue from Operations 123.0 117.6 4.6% 120.2 2.3% 240.6 239.9 0.3% Other Income 1.6 1.8 (11.1%) 1.2 33.3% 3.4 1.7 100.0% Total Revenue 124.6 119.4 4.4% 12
Slide 19: Consolidated Financial Summary – Q2 FY25
Consolidated Financial Summary – Q2 FY25 (ALL FIGURES IN ₹ CRORE) Revenue from Operations EBITDA & EBITDA Margin % 12.6% 9.9% 4.6% 6.4% 32.5% QoQ QoQ 120.2 117.6 123.0 15.2 11.7 7.9 2.3% 48.0% YoY YoY Q2 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q1 FY25 Q2 FY25 PBT & PBT Margin % PAT & PAT Margin % 10.6% 7.9% 8.
Slide 20: Consolidated Financial Summary – H1 FY25
Consolidated Financial Summary – H1 FY25 (ALL FIGURES IN ₹ CRORE) Revenue from Operations EBITDA & EBITDA Margin % 13.3% 8.1% 0.3% 38.6% 239.9 240.6 31.9 19.6 YoY YoY H1 FY24 H1 FY25 H1 FY24 H1 FY25 PBT & PBT Margin % PAT & PAT Margin % 11.0% 8.6% 6.4% 4.4% 42.0% 48.1% 26.4 15.3 YoY YoY 20.6 10.7 H1
Slide 21: Revenue Metrics
Revenue Metrics Particulars Q2 FY25 Q1 FY25 Q2 FY24 H1 FY25 H1 FY24 ER&D 78% 81% 57% 79% 59% Revenue by Business (%) Digital 22% 19% 41% 21% 39% ITS - - 2% - 2% Industrial Equipment & Heavy Machinery 55% 56% 52% 55% 52% (IE&HM) Revenue by Industry (%) Transportation & Mobility (T&M) 39% 37% 37% 38%
Slide 22: Operating Metrics
Operating Metrics Particulars Q2 FY25 Q1 FY25 Q2 FY24 H1 FY25 H1 FY24 Active Clients 82 86 96 82 96 Top 5 51% 51% 50% 51% 49% Top 10 68% 68% 67% 68% 66% Client Base Top 25 84% 84% 85% 84% 84% Clients with 11 11 15 11 15 Annual Billing > USD 1mn Employee Metrics Total Employees 2,626 2,493 2,674 2,62
Slide 23: Key Performing Indicators
Key Performing Indicators Particulars (In ₹ Crore) FY22 FY23 FY24 Reasons Revenue from Operations 307.3 440.9 472.4 Revenue growth from USA and Europe Other Income 21.5 3.4 7.3 Interest income earned on fixed deposits (FD) Total Income 328.8 444.3 479.7 Employee Benefit 238.8 351.3 357.7 Investment
Slide 24: Corporate Updates
05 Corporate Updates
Slide 25: Awards & Recognition – FY24
Awards & Recognition – FY24 Recognized Recognized Honoured with "Best Family Selected as the Best Employer Managed Business" at the Business Brand for the second time in a row Leader of the Year awards 2024 at the Employer Branding Awards 2023 Positioned as Major Contender Featured as cover story in
Slide 26: Strengthened Foundation
Strengthened Foundation bin
Slide 27: Presence Across Geographies
Presence Across Geographies Toronto Mumbai (Corporate HQ) Pune London Amsterdam Chicago Detroit Frankfurt Hyderabad Chennai Bangalore 26
Slide 28: Thank You
Thank You The software expert to transform your business at speed and scale. Onward Technologies (BSE: 517536) (NSE: ONWARDTEC) is a leading digital and ER&D outsourcing firm headquartered in Mumbai. We empower global OEMs with rapid innovation and market readiness, optimizing their R&D returns. A r