Slide 1: Submission of Investor Presentation to Stock Exchanges
Date: May 12, 2023 To, BSE Limited National Stock Exchange of India Ltd., Corporate Relations Department Exchange Plaza, 5th Floor, P J Towers, Dalal Street Plot No. C/1, G Block, Mumbai 400 001 Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051. Ref: Scrip Code - BSE: 517536 NSE: ONWARDTEC Sub:
Slide 2: Q4 FY23 Earnings Presentation
Q4 FY23 Earnings Presentation 12th May 2023
Slide 3: Disclaimer
Disclaimer This release may contain certain future prospects which may be a 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 statemen
Slide 4: Agenda
Overview 1 Growth Strategy 2 Agenda Financial Performance 3
Slide 5: From the Managing Director’s Desk
From the Managing Director’s Desk “FY23 was a remarkable year with several corporate milestones for Onward Technologies. As it continues to address the robust demand for software services, the team has once again demonstrated its commitment to profitable growth. On year-on-year basis, North America
Slide 6: Company at a Glance
Company at a Glance Deep Technical Global Digital Across Strong FY23 ₹441 Cr Revenue Capabilities 2000 Customers Focus all verticals Flawless 7 of global top-10 Embedded Revenue 43.5% execution automotive Systems YoY Growth 8500+ Projects Data Analytics EBITDA 5 of global ₹27.3 Cr Delivered & Data S
Slide 7: Onward Technologies: A Journey of Transformation
Onward Technologies: A Journey of Transformation Mr. Jigar Mehta appointed Infinity Holdings bought 24.2% Incorporated in New offices in London, as a Managing Director equity August 1991 by Germany Mr. Harish Mehta, Building Onward New digital center in Chennai, All new embedded lab in
Slide 8: Diversified Business Lines
Diversified Business Lines Onward Technologies Digital Embedded Mechanical IT Platform Services New Product Engineering SW Development - Hardware, Design & Automation & Maintenance Software Development Enterprise Big Data Connectivity Value Engineering Business Analytics Solutions Applications Produ
Slide 9: Focus Verticals
Focus Verticals Transportation & Automotive Rail Transportation Mobility Industrial Equipment & Heavy Equipment & Mining Heavy Machinery Machinery Healthcare & Medical Devices Pharma MedTech
Slide 10: Agenda
Overview 1 Growth Strategy 2 Agenda Financial Performance 3
Slide 11: Growth Strategy
Growth Strategy Investments in business building Steady growth in offshore leverage Multi-year Client Engagements Investments in talent to address client demand Consistent industry leading growth
Slide 12: Agenda
Overview 1 Growth Strategy 2 Agenda Financial Performance 3
Slide 13: Q4 & FY23 Financial Highlights
Q4 & FY23 Financial Highlights • Reported Highest-ever Revenue of ₹ 440.9 crore in FY23, reflecting a growth of 43.5% YoY • Broad-based growth driven by an increase in revenues from strategic clients in Industrial Equipment & Heavy Machinery and Transportation & Mobility verticals • Onward Technolog
Slide 14: Consolidated Financial Summary – Q4FY23
Consolidated Financial Summary – Q4FY23 QoQ YoY YoY Particulars (in ₹ Crore) Q4FY23 Q3FY23 Q4FY22 FY23 FY22 Growth Growth Growth Revenue from Operations 121.4 115.8 4.8% 87.5 38.8% 440.9 307.3 43.5% Other Income 1.7 1.1 55.8% 1.6 8.7% 5.4 21.5 (74.9%) Total Revenue 123.1 116.9 5.3% 89.1 38.2% 446.3
Slide 15: Consolidated Financial Summary – Q4FY23
Consolidated Financial Summary – Q4FY23 (Figures in ₹ Crore) Revenue from Operations EBITDA & EBITDA % PBT & PBT % PAT & PAT % 11.6% 10.0% 6.0% 7.2% 5.7% 5.7% 3.7% 3.3% 2.1% 87.5 115.8 121.4 6.3 6.6 14.1 5.0 3.8 12.2 3.2 2.5 7.2 Q4 FY22 Q3 FY23 Q4 FY23 Q4 FY22 Q3 FY23 Q4 FY23 Q4 FY22 Q3 FY23 Q4 FY23
Slide 16: Consolidated Financial Summary – FY23
Consolidated Financial Summary – FY23 (Figures in ₹ Crore) Revenue from Operations EBITDA & EBITDA % PBT & PBT % PAT & PAT % 7.0% 10.4% 6.2% 7.7% 4.1% 2.6% 307.3 440.9 21.4 27.3 31.8 18.0 23.7 11.5 FY22 FY23 FY22 FY23 FY22 FY23 FY22 FY23 43.5% YoY 27.4% YoY 43.3% YoY 51.5% YoY • PBT & PAT declined p
Slide 17: Operating Metrics (1/2)
Operating Metrics (1/2) Particulars Q4 FY23 Q3 FY23 Q4 FY22 FY23 FY22 ER&D 72% 64% 72% 70% 71% Revenue by Business (%) Digital 20% 23% 6% 17% 8% ITS 8% 13% 21% 13% 21% Industrial Equipment & Heavy Machinery 56% 58% 41% 55% 44% Transportation & Mobility 31% 30% 38% 30% 30% Revenue by Industry (%) Hea
Slide 18: Operating Metrics (2/2)
Operating Metrics (2/2) Particulars FY23 FY22 Active Clients 98 145 Top 5 43% 31% Client Base Top 10 58% 44% Top 25 81% 62% Clients with Annual Billing > USD 1mn 15 11 Employee Base Total Employees 2,798 2,641 DSO Days 86 87
Slide 19: Balance Sheet – FY23
Balance Sheet – FY23 Particulars FY23 FY22 Assets Total non-current assets 76.3 81.3 Total current assets 165.9 148.1 Total Assets 242.3 229.4 Equity & Liabilities Total equity 173.9 163.2 Total Liabilities 68.4 66.2 Total Equity & Liabilities 242.3 229.4
Slide 20: Thank You
Thank You For Further Information, Please Contact: Ms. Asha Gupta - asha.gupta@in.ey.com Ms. Anushka Khanna - anushka.khanna@in.ey.com Mr. Pratik Jagtap - pratik.jagtap@in.ey.com