Sasken Technologies Ltd · NSE:SASKEN
Sasken Technologies — Q3 FY23 Earnings Presentation
15 slides from Sasken Technologies's earnings presentation, February 2023
Slide 1: Consolidated Results for the quarter ended December 31, 2022
Consolidated Results for the quarter ended December 31, 2022 www.sasken.com | Copyright Copyright:Sasken SaskenTechnologies TechnologiesLtd. Ltd. | Sasken Confidential www.sasken.com | Copyright: Sasken Technologies Ltd. | Sasken Confidential 1
Slide 2: Safe Harbor Clause
Safe Harbor Clause Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements due to risks or uncertain
Slide 3: Performance Snapshot – Q3 FY23 - Consolidated
Performance Snapshot – Q3 FY23 - Consolidated Consolidated Revenues ( $. Million) Consolidated Revenues ( INR Million) 20.0 1,400 1,227.7 1,200.1 1,200 15.2 15.0 1,062.7 15.0 14.0 1,000 800 10.0 600 400 5.0 200 0.0 - Q3 FY23 Q2 FY23 Q3 FY22 Q3 FY23 Q2 FY23 Q3 FY22 QoQ Growth: 1.7% ; YoY Growth: 8.9%
Slide 4: Income Statement Summary – Q3 FY23 - Consolidated
Income Statement Summary – Q3 FY23 - Consolidated (INR Million) Growth over Particulars Q3 FY23 % Q2 FY23 % Q3 FY22 % Q2 FY23 Q3 FY22 Revenues 1,227.67 100.0% 1,200.05 100.0% 1,062.71 100.0% 2.3% 15.5% Cost of Revenue 680.75 55.5% 666.25 55.5% 579.95 54.6% -2.2% -17.4% Gross Profit 546.92 44.5% 533.
Slide 5: Income Statement Summary – Q3 FY23 – Consolidated (Nature wise)
Income Statement Summary – Q3 FY23 – Consolidated (INR Million) Nature wise Growth over Particulars Q3 FY23 % Q2 FY23 % Q3 FY22 % Q2 FY23 Q3 FY22 Revenue from Operations 1,227.67 100.0% 1,200.05 100.0% 1,062.71 100.0% 2.3% 15.5% Other Income 113.15 9.2% 157.07 13.1% 76.75 7.2% -28.0% 47.4% Total Rev
Slide 6: Performance Snapshot – YTD FY23 - Consolidated
Performance Snapshot – YTD FY23 - Consolidated Consolidated Revenues ( $. Million) Consolidated Revenues ( INR Million) 80.00 5,000 60.00 4,000 43.2 43.0 3,440.9 3,247.2 40.00 3,000 20.00 2,000 - 1,000 FY 23 YTD FY 22 YTD FY 23 YTD FY 22 YTD YoY Growth: 0.4% YoY Growth: 6.0% Consolidated EBIT ( INR
Slide 7: Income Statement Summary – YTD FY23 - Consolidated
Income Statement Summary – YTD FY23 - Consolidated (INR Million) Particulars FY 23 YTD % FY 22 YTD % Growth over FY 22 YTD Revenues 3,440.93 100.0% 3,247.24 100.0% 6.0% Cost of Revenue 1,891.43 55.0% 1,735.20 53.4% -9.0% Gross Profit 1,549.50 45.0% 1,512.04 46.6% 2.5% SG&A 683.41 19.9% 531.17 16.4%
Slide 8: Income Statement Summary – YTD FY23 – Consolidated (Nature wise)
Income Statement Summary – YTD FY23 – Consolidated (INR Million) Nature wise Particulars FY 23 YTD % FY 22 YTD % Growth over FY 22 YTD Revenue from Operations 3,440.93 100.0% 3,247.24 100.0% 6.0% Other Income 213.55 6.2% 307.42 9.5% -30.5% Total Revenue 3,654.48 106.2% 3,554.66 109.5% 2.8% Employee
Slide 9: Balance Sheet Summary - Consolidated (1 of 2)
Balance Sheet Summary - Consolidated ( 1 of 2 ) (INR Million) December % March 31, % Particulars 31, 2022 2022 ASSETS Non current assets Property, plant and equipment ( incl CWIP) 370.15 4.6% 341.75 4.4% Right to use assets 35.66 0.4% 2.49 0.0% Intangible assets 0.20 0.0% 0.08 0.0% Financial assets
Slide 10: Balance Sheet Summary - Consolidated (2 of 2)
Balance Sheet Summary - Consolidated ( 2 of 2 ) (INR Million) December % March 31, % Particulars 31, 2022 2022 EQUITY AND LIABILITIES Equity share capital 150.51 1.9% 150.51 2.0% Other equity 6,832.44 84.1% 6,384.92 82.8% Total Equity 6,982.95 86.0% 6,535.43 84.8% Lease liabilities 59.24 0.7% - 0.0%
Slide 11: Metrics – Q3 FY23
Metrics – Q3 FY23 Revenue Mix - Delivery 19% 30% 33% Q3 FY23 Q2 FY23 Q3 FY22 67% 70% 81% Onsite Offshore Utilization(Inc. Finland) Revenue Mix – Project Type 90.00% 83.4% 30% 31% 26% 80.00% Q3 FY23 Q2 FY23 Q3 FY22 70.00% 65.8% 61.4% 69% 70% 60.00% 74% 50.00% T&M FPP Q3'23 Q2'23 Q3'22 • FPP includes
Slide 12: Geography Wise Revenue – Q3 FY23
Geography Wise Revenue – Q3 FY23 Q3 FY23 Q2 FY23 Q3 FY22 6% 6% 15% 29% 27% 43% 32% 42% 31% 24% 25% 20% North America EMEA India APAC www.sasken.com | Copyright: Sasken Technologies Ltd. | Sasken Confidential 12
Slide 13: Human Resources Metrics – Q3 FY23
Human Resources Metrics – Q3 FY23 Total Employees Gross Adds Net Adds 1,674 1,674 1,318 444 317 147 182 0 42 Q3 FY23 Q2 FY23 Q3 FY22 Attrition % Q3 FY23 Q2 FY23 Q3 FY22 Attrition LTM % 25.3% 28.4% 36.4% Annualised Attrition Quarterly % 21.3% 27.2% 39.8% www.sasken.com | Copyright: Sasken Technologie
Slide 14: Customer Concentration – Q3 FY23
Customer Concentration – Q3 FY23 80.0% 71.0% 68.8% 70.0% 65.0% 60.0% 52.0% 48.0% 50.0% 45.0% 40.0% 30.0% 20.0% 10.0% 0.0% Q3 FY23 Q2 FY23 Q3 FY22 Top 5 Top 10 www.sasken.com | Copyright: Sasken Technologies Ltd. | Sasken Confidential 14
Slide 15: Thank You
Thank You Visit us at www.sasken.com Queries: investor@sasken.com www.sasken.com | Copyright Copyright:Sasken SaskenTechnologies TechnologiesLtd. Ltd. | Sasken Confidential www.sasken.com | Copyright: Sasken Technologies Ltd. | Sasken Confidential 15