Happiest Minds Technologies Ltd. · NSE:HAPPSTMNDS
Happiest Minds Technologies — Q4 FY24 Earnings Presentation
24 slides from Happiest Minds Technologies's earnings presentation, May 2024
Slide 1: Investor Presentation & Fact Sheet: Q4 FY24
Investor Presentation & FACT SHEET: Q4 FY 24 May 2024
Slide 2: About Happiest Minds
About Happiest Minds Next-Gen Digital Transformation, Infrastructure, Security and Product Engineering Services Company 250 Active Clients 96% Digital 95% Agile 61 Fortune2000 / Forbes200 22.3% RoCE1 Born Digital Born Agile Billion $ Corporations 16.9% RoE 90% Repeat Business Mission Statement Happi
Slide 3: Mission, Vision and Values
Mission, Vision and Values Our 2021-31 Vision - DELiGHT Our SMILES Values Sharing Design for Perpetuity ESG Excellence Mindful Our Mission Integrity Thought Leadership Happiest People Happiest Customers Learning Profitable Growth Ambassador for Happiness Excellence World Class Team Social Responsibi
Slide 4: Our Business
Our Business IoT Blockchain DevOps & Product & Digital Cloud RPA Engineering Services Generative AI Business Services Software Defined BPM & Networking / NFV Agile and Secure Integration Infrastructure Services Big Data & Advanced Security Analytics Industry Groups (IG) Healthcare & Hi-Tech and Indu
Slide 5: Born Digital. Born Agile The Mindful IT Company
Born Digital . Born Agile The Mindful IT Company CREATING MINDFULLY DIGITAL CAPITAL AGILE Business Agile Transformation Organization Business Agile Insights Business Platformize & Agile Modernize Delivery Reimagining Engineering & Operational Customer Experience Excellence © Confidential – www.happi
Slide 6: Merger & Acquisitions
Merger & Acquisitions 1 2 Happiest Minds has signed a Happiest Minds acquired Macmillan definitive agreement to acquire 100% Learning India Private Limited to equity interest in the Digital strengthen its EduTech Vertical, for a Engineering & Transformation purchase consideration of ₹ 4.5 company –
Slide 7: Recent client wins
For Enercon, a leading wind For MindSculpt Analytics, a For the professional For a South-East Asian energy technology company, Healthcare Solutions services arm of a global Bottling company, Happiest Happiest Minds was chosen as a Company, Happiest Minds is hyperscaler, Happiest Minds is engaged in
Slide 8: Awards and recognitions
‘Top 50 India’s Best Workplaces ‘Best Tech for Security’ Award at in Health and Wellness 2023’ by the 3rd Edition of the IDEA Awards Great Place To Work® Institute ‘Top Firms to Work for in AI & Analytics’ ‘ISOL Corporate Award on Value Based Sridhar Mantha recognized as Sustainable Organizations’ ‘
Slide 9: Analyst recognitions: Everest, Avasant
EVEREST AVASANT ‘Aspirant’ in Retail IT ‘Pioneer’ in Service Services Providers ESG Index 2023-2024 8 © Confidential – www.happiestminds.com
Slide 10: Operational and Financial Metrics – Q4 FY24
Operational and Financial Metrics – Q4 FY24 www.happiestminds.com
Slide 11: Results Q4 FY24
Results Q4 FY 24 A ll amo unts in ₹ Lakhs unless stated o therwise Particulars Q4 FY 24 Q3 FY 24 QoQ Q4 FY 23 YoY FY 24 FY 23 YoY Revenues 41,729 40,988 1.8% 37,798 10.4% 162,466 142,929 13.7% Other Income 2,521 2,429 3.8% 845 198.3% 8,537 2,111 304.4% Total Income 44,250 43,417 1.9% 38,643 14.5% 17
Slide 12: Born Digital. Born Agile
Born Digital. Born Agile Digital Agile % of Revenue % of Revenue 93.4% 93.6% 94.5% 94.0% 94.2% 94.3% 94.4% 95.2% 96.5% 96.4% 96.3% 96.8% 95.9% 96.2% 95.1% 95.3% FY 22 FY 23 FY 24 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 FY 22 FY 23 FY 24 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Revenue Revenue by BU Tenure of Customer To
Slide 13: Operational & Financial Metrics
Operational & Financial Metrics EBITDA High FCF Conversion (₹ Lakhs) Margin % (₹ Lakhs) 42,122 41,067 37,997 36,480 29,477 29,064 26.1% 26.2% 24.6% 98.6% 96.0% 97.5% 10,822 9,946 10,133 10,296 10,744 10,062 10,299 10,482 10,519 9,894 25.5% 24.5% 98.8% 98.4% 98.2% 94.1% 99.3% 26.0% 24.4% 24.2% FY 22
Slide 14: Operational & Financial Metrics
Operational & Financial Metrics Happiest Minds & Utilization 80.5% 78.5% 75.5% 75.6% 76.7% 74.6% 74.6% 75.1% 4,917 5,168 4,917 5,048 5,285 5,246 5,168 4,168 FY 22 FY 23 FY 24 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Offshore / Onsite Voluntary Attrition % 1 By Number of Employees 22.7% 19.8% 19.8% 16.6% 14.4%
Slide 15: Operational & Financial Metrics
Operational & Financial Metrics Revenue Model Q4 24 Model Geography Digital Revenue Verticals1 3.2% 6.3% 1.6% 4.4% 5.0% 7.4% 22.3% 17.7% 13.8% 27.7% 11.4% 41.8% 9.0% 9.6% 14.7% 72.3% 16.1% 69.0% 7.8% 26.5% 12.2% T&M FP Americas Europe India ROW Digital Infra / Cloud SAAS Security Edu Tech HiTech (ot
Slide 16: Operational & Financial Metrics
Operational & Financial Metrics Onsite/Offshore Average Revenue / Active Customer By Revenue (USD ‘000) 803 794 803 804 808 794 793 774 84.5% 84.8% 85.6% 84.1% 83.9% 85.1% 86.2% 87.2% 15.5% 15.2% 14.4% 15.9% 16.1% 14.9% 13.8% 12.8% FY 22 FY 23 FY 24 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 FY 22 FY 23 FY 24 Q4
Slide 17: Operational & Financial Metrics
Operational & Financial Metrics FY 22 FY23 Q4 FY 23 FY24 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY 24 Verticals Edutech 23.2% 22.2% 23.2% 24.1% 25.0% 24.0% 22.3% 23.9% Hitech 15.8% 19.5% 16.9% 14.8% 14.2% 14.3% 14.7% 14.5% BFSI 13.2% 10.8% 12.2% 11.0% 10.3% 10.9% 11.4% 10.9% Travel, Media and Entertainment (TME
Slide 18: Operational & Financial Metrics
Operational & Financial Metrics FY 22 FY23 Q4 FY 23 FY24 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY 24 Revenue by Geo USA 66.4% 70.5% 68.1% 71.9% 71.5% 70.3% 69.0% 70.7% India 14.1% 15.0% 15.6% 15.5% 15.7% 16.4% 17.7% 16.3% Europe 10.4% 9.4% 9.7% 8.7% 9.0% 9.0% 9.0% 8.9% ROW 9.0% 5.1% 6.6% 3.9% 3.8% 4.4% 4.4% 4.
Slide 19: Operational & Financial Metrics
Operational & Financial Metrics FY22 FY23 Q4 FY23 FY24 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Happiest Minds Onsite 172 227 227 244 231 224 211 211 Offshore 3,996 4,690 4,690 4,804 5,054 5,022 4,957 4,957 Onsite % 4.1% 4.6% 4.6% 4.8% 4.4% 4.3% 4.1% 4.1% Offshore % 95.9% 95.4% 95.4% 95.2% 95.6% 95.7% 95.9%
Slide 20: Operational & Financial Metrics
Operational & Financial Metrics All figures in ₹ Lakhs FY22 FY23 Q4 FY23 FY24 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Revenue by BU IMSS 24,168 21.4% 7,525 19.5% 30,694 21.2% 7,516 18.6% 7,381 17.2% 7,299 16.8% 7,551 17.1% 29,746 17.4% DBS 32,891 29.1% 11,180 28.9% 43,070 29.7% 11,175 27.6% 11,672 27.2% 12,
Slide 21: Summary Profit & Loss Statement
Summary Profit & Loss Statement All figures in ₹ Lakhs FY 22 FY 23 Q4 FY 23 FY 24 Q1 FY 24 Q2 FY 24 Q3 FY 24 Q4 FY 24 Income Operating revenue 1,09,365 37,798 1,42,929 39,087 40,662 40,988 41,729 1,62,466 Other income 3,710 845 2,111 1,366 2,221 2,429 2,521 8,537 Total income 1,13,075 38,643 1,45,04
Slide 22: Condensed Balance Sheet
Condensed Balance Sheet All figures in ₹ Lakhs 31.03.2022 31.12.2022 31.03.2023 30.06.2023 30.09.2023 31.12.2023 31.03.2024 Assets Non-current Assets Property, plant and equipment 78 12,899 13,278 13,202 13,386 13,856 13,778 Goodwill 7,896 8,562 13,913 13,901 13,997 14,013 14,032 Financial & Other a
Slide 23: Global Presence
Global Presence Headquarters – Bengaluru India | USA & Canada | Europe & UK | UAE | Australia © Confidential – www.happiestminds.com 23
Slide 24: Happiest People · Happiest Customers
Happiest People · Happiest Customers investors@happiestminds.com India | United States | United Kingdom | Canada | Australia | Dubai www.happiestminds.com
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