Slide 1: Investor Presentation Q1FY23
Investor Presentation Q1FY23 Jul 22, 2022 © 2022 Coforge © 2022 Coforge 1
Slide 2: Safe Harbor and Disclaimer
Safe Harbor and Disclaimer Forward Looking Statements Safe Harbor This presentation contains forward-looking statements. In some cases, you can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “
Slide 3: Coforge Posts Strong Q1FY23 Results
Coforge Posts Strong Q1FY23 Results Financial Highlights Business Highlights ▪ On consolidated basis, Q1FY23 revenues were up 4.7% QoQ on ▪ Record order intake of $315 Mn during the quarter constant currency basis ▪ 2 large deals signed during the quarter including one $50+ Mn ▪ Up 25.2% in INR term
Slide 4: Q1FY23 Revenue Up 25.2% YoY and Adj. EBITDA Up 27.7% YoY
Q1FY23 Revenue Up 25.2% YoY and Adj. EBITDA Up 27.7% YoY Revenue (INR Mn) 5.0% QoQ 25.2% YoY Adj. EBITDA (INR Mn) 27.7% YoY PAT (INR Mn) 21.1% YoY ₹ 17,429 ₹ 18,294 ₹ 14,616 ₹ 3,012 ₹ 2,359 ₹ 1,497 ₹ 1,236 Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Revenue ($Mn) 2.7% QoQ 19.5% YoY Adj. EBITDA
Slide 5: Q1FY23 Revenues Mix
Well Diversified Business Portfolio with Increasing Offshoring Revenues Driving Profitability Expansion By Vertical By Service Offering By Geography 11.1% 10.5% 11.9% Q1FY23 Revenues Mix 28.0% 29.5% 12.6% 24.2% 51.3% 36.9% 19.4% 23.3% 23.1% 18.2% Banking & Financial Services (BFS) Product Engineerin
Slide 6: Very Significant Business Momentum Driving Robust Growth
Very Significant Business Momentum Driving Robust Growth Fresh Order Intake TCV ($Mn) $1,151 $748 $781 $646 $457 $507 $318 $315 FY17 FY18 FY19 FY20 FY21 FY22 Q1FY22 Q1FY23 New Clients 15 31 40 41 45 47 11 12 Added © 2022 Coforge 6
Slide 7: High Degree of Visibility Through Contracted Revenues and Repeat Business
High Degree of Visibility Through Contracted Revenues and Repeat Business Order Book Executable Over Next 12 Months ($Mn) $1,200 93% 100% $1,200 96% 96% 100% 91% 89% 90% 89% 89% 90% 90% $1,000 $1,000 80% 80% 70% 70% $800 $800 60% 60% $600 50%$600 50% 40% 40% $400 $400 $720 30% $745 30% $645 $468 $52
Slide 8: De-Risked Operating Profile with Declining Client Concentration
De-Risked Operating Profile with Declining Client Concentration While Increasing Large Account Relationships Top Clients Revenue Contribution Clients by Size 141 137 45.3% 130 42.4% 39.0% 38.3% 115 106 34.4% 34.0% 35.9% 35.5% 90 98 80 100 73 95 88 32.8% 80 30.4% 28.3% 66 27.9% 24.3% 22.9% 24.6% 22.9
Slide 9: Hiring with Pace While Managing Low Attrition Levels
Hiring with Pace While Managing Low Attrition Levels Total Global Headcount LTM Attrition % (Excl. BPS) 22,500 22,742 22,130 928 963 20,786 911 278 285 20,491 281 894 910 258 297 17.7% 18.0% 16.3% 15.3% 12.6% 20,938 21,294 21,494 19,339 19,579 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q1FY22 Q2FY22 Q3FY22
Slide 10: Select Other Achievements During the Quarter
Select Other Achievements During the Quarter Coforge achieved the Azure Expert MSP from Received the prestigious Great Place to Work® Coforge was chosen as one of the 'Most Microsoft - a critical milestone in the certification in India from July 2022-July 2023 - Preferred Workplaces of 2022' by Mark
Slide 11: Key Tenets of Coforge Growth Strategy
Key Tenets of Coforge Growth Strategy • FY22 total revenue growth of 38% and organic revenue growth of 25% Robust • Q1FY23 revenue growth of 4.7% QoQ in constant currency • FY22 Adj. EBITDA margin of 18.7% (margin expansion of 75 bps) Profitable • Q1FY23 Adj. EBITDA margin of 16.5% (up from 16.1% in
Slide 12: Appendix
Appendix © 2022 Coforge 12
Slide 13: Consolidated Income Statement – Q1FY23
Consolidated Income Statement – Q1FY23 INR Mn Particulars Q1FY23 Q4FY22 QoQ% Q1FY22 YoY% Gross Revenues 18,294 17,429 5.0% 14,616 25.2% Direct Costs 12,739 11,620 9.6% 10,250 24.3% Gross Profit 5,555 5,809 -4.4% 4,366 27.2% GM% 30.4% 33.3% -296 Bps 29.9% 49 Bps Selling / General And Administration 2
Slide 14: Consolidated Income Statement – Q1FY23
Consolidated Income Statement – Q1FY23 USD Mn Particulars Q1FY23 Q4FY22 QoQ% Q1FY22 YoY% Gross Revenues 238.7 232.4 2.7% 199.7 19.5% Direct Costs 166.3 154.9 7.3% 140.1 18.7% Gross Profit 72.5 77.5 -6.4% 59.7 21.5% GM% 30.4% 33.3% -296 Bps 29.9% 49 Bps Selling / General And Administration 33.2 30.1
Slide 15: Other Key Metrics
Other Key Metrics Q1FY23 Q4FY22 Q1FY22 Q1FY23 Q4FY22 Q1FY22 DSO Position USD 151.98 129.60 91.50 Hedge 72 63 71 GBP 39.79 22.24 21.93 EUR 3.93 4.22 4.50 Rupee Dollar Q1FY23 Q4FY22 Q1FY22 Q1FY23 Q4FY22 Q1FY22 Average Rates Outstanding Rate Period Closing Rate 79.03 75.90 74.33 Hedges USD 78.57 77.43
Slide 16: End of Document
End of Document © 2022 Coforge © 2022 Coforge 16