Slide 1: Cover letter to stock exchanges
October 21, 2020 BSE Limited National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, C/1, G Block, Dalal Street, Bandra - Kurla Complex, Bandra (E), Mumbai - 400001. Mumbai – 400051. Scrip ID: KPITTECH Symbol: KPITTECH Scrip Code: 542651 Series: EQ Kind Attn: The Manager, K
Slide 2: Investor Update Q2FY21
October 21, 2020 Investor Update Q2FY21 KPIT Technologies Ltd. 1
Slide 3: Forward Looking Statements
Forward Looking Statements Some of the statements in this update that are not historical facts, are forward-looking statements. These forward-looking statements include our financial and growth projections, as well as statements concerning our plans, strategies, intentions and beliefs concerning our
Slide 4: Performance Overview
Performance Overview • Q2FY21 3
Slide 5: Q2FY21 Performance Overview
Q2FY21 Performance Overview KPIT Q2FY21 Net Profit rises 16.1% Q-o-Q, EBITDA at 14.3% as compared to 13.4% last quarter Net Profit for the quarter stood at ₹ 279 million as compared to ₹ 240 million last quarter Net Cash as at the quarter end stood at ₹ 5,278 Million as compared to ₹ 3,278 at the be
Slide 6: Additional facts - timeseries
Additional facts - timeseries Qtr End Net Cash ₹ M Qtr End DSO 5,278 87 82 67 64 66 72 3,939 59 3,278 2,584 1,810 2,041 900 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Revenue $ M EBITDA % 14.6% 71.05 72.75 77.23 76.88 76.94 65.25 65.32 14.3% 13.4% 13.4% 13.5% 13.4% 12.8% Q4FY19 Q1FY20 Q2FY20 Q
Slide 7: Management Quotes
Management Quotes Kishor Patil, Co-founder, CEO and MD, KPIT said,” The revenue for the quarter was in line with our expectation and we delivered better on profitability. Change in revenue mix helped us grow volumes and we expect offshoring to increase for a couple of quarters. Despite rupee appreci
Slide 8: Cash Flow – Major Movement
Cash Flow – Major Movement INR Million Decrease in Working Capital – 957 Q-o-Q Increase in Net Cash : INR 1,339 Million NET CASH (INR Mln) Q2FY21 Q1FY21 Capex – 221 Gross Cash 5,462 4,319 Loans repaid – 196 Long Term Debt 184 380 Cash and Cash Equivalents break-up ₹M Short Term Debt NIL NIL In Inves
Slide 9: Improvement in Operations – Q2FY21
Improvement in Operations – Q2FY21 Change in revenue mix Reduction in Onsite Cost Onsite to offshore movement Reduction in onsite revenues led enabled volume growth, albeit to proportionately lower salary reduction in billed revenue and sub-contracting costs Improved Operating 1 2 3 4 Margins Better
Slide 10: H1 Goals and progress
H1 Goals and progress H1 Goals as set end FY20 (Q4FY20 Investor Update) Conserve Cash, Improve Liquidity We started the year at a Net Cash Balance of ₹ 3,278 Million and are at ₹ 5,278 Million at the end of H1 FY21 Increase share of Wallet in Strategic Accounts We have been able to increase the shar
Slide 11: H2FY21 - The way forward
H2FY21 - The way forward Revenue Growth Increase in Offshore Lower Depreciation Revenue Growth Improvement in Increase in Offshore EBITDA & PAT Margins Salary Restoration Lower Depreciation EBITDA @ 14%+ Q4 Q3 10/21/2020 10
Slide 12: Deal Wins
Deal Wins All OEM Deals, broad based across geographies A leading American Car Manufacturer selected KPIT for a program in the autonomous driving area A leading American Car Manufacturer selected KPIT for a program in the connected domain A leading German Car Manufacturer selected KPIT for a program
Slide 13: Updates
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Slide 14: Thought Leadership Updates
Thought Leadership Updates Mr. Ravi Pandit accepted the Chairmanship of KPIT contributes as a technology partner to Research Council, Central Electronics develop India's first indigenous Hydrogen Fuel Engineering Research Institute (CEERI) Cell technology for vehicles in partnership CEERI is based i
Slide 15: Other Updates
Other Updates Mr. Kishor Patil interviewed by Autocar KPIT wins 18th FICCI CSR Award under Professional Exemplary Innovation for KPIT Sparkle Mr. Kishor Patil was interviewed by Mr. Sumantra FICCI Corporate Social Responsibility Awards B Barooah, Executive Editor, Autocar Professional. – India’s fir
Slide 16: Financial and Operational Data
Financial and Operational Data • Snapshot 15
Slide 17: Profit & Loss Account Snapshot
Profit & Loss Account Snapshot INR MN DETAILS Q2FY21 Q1FY21 Q2FY20 Revenue from Operations 4,854.59 4,927.10 5,440.98 Other Income 24.52 25.17 90.03 Total Income 4,879.11 4,952.27 5,531.01 Operating Expenses 4,158.04 4,283.19 4,714.31 EBITDA 696.55 662.37 726.67 Depreciation 354.90 330.03 265.08 EBI
Slide 18: Balance Sheet Snapshot
INR MN Balance Sheet Snapshot ASSETS Q2FY21 Q1FY21 EQUITY & LIABILITIES Q2FY21 Q1FY21 NON-CURRENT ASSETS Equity Share Capital 2,689.63 2,689.02 Other Equity 8,275.81 7,930.92 Property, Plant & Equipment 2,086.65 2,095.86 Equity attributable to owners 10,965.44 10,619.94 Right-of-use Assets 2,668.92
Slide 19: Revenue Break-up
Revenue Break-up USD MN Geography Q2FY21 Q1FY21 Q2FY20 Q-o-Q Y-o-Y US 27.30 27.45 34.19 (0.6)% (20.1)% Europe 26.67 25.74 27.55 3.6% (3.2)% Asia 11.34 12.06 15.49 (5.9)% (26.8)% TOTAL 65.32 65.25 77.23 0.1% (15.4)% Verticals Q2FY21 Q1FY21 Q2FY20 Q-o-Q Y-o-Y Passenger Cars 50.63 50.76 58.58 (0.3)% (1
Slide 20: P&L Metrics
P&L Metrics Q2FY21 Q1FY21 Q2FY20 Q-o-Q Y-o-Y Revenue by Contract Type Time & Material Basis 52.0% 48.2% 54.4% 7.9% (19.1)% Fixed Price Basis 48.0% 51.8% 45.6% (7.2)% (11.0)% Customers Strategic Customer Revenue (T21)* 86.1% 86.0% 82.8% 0.2% (12.06)% Active Customers 55 55 55 Revenue per Devp. Employ
Slide 21: Currency wise revenues, Hedging Details
Currency wise revenues, Hedging Details Currency wise revenue Q2FY21 Q1FY21 Q2FY20 Hedge Details Q2FY21 USD 43.9% 43.1% 45.8% Hedge Rates EUR 34.5% 34.8% 28.1% USD/INR 76.01 EUR/INR 87.36 GBP 4.5% 4.2% 7.3% GBP/INR 96.53 JPY 8.0% 9.4% 11.0% INR 5.8% 5.3% 5.1% Hedge Amounts(Mn) USD/INR 16.55 Others 3
Slide 22: Headcount Data
Headcount Data Period End Headcount Q2FY21 Q1FY21 Q2FY20 Q-o-Q Y-o-Y Development 6,133 6,305 6,768 - - Enabling & Sales 497 501 527 - - Total 6,630 6,806 7,295 - - 10/21/2020 21
Slide 23: Contact us
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Slide 24: Conference Call Details
Conference Call Details Conference name : KPIT Technologies Q2 FY2021 Post Earnings Conference Call Date : Thursday October 22, 2020 Time : 1600 Hrs. Participants : Mr. Kishor Patil, Co-founder, CEO & MD Mr. Sachin Tikekar, President & Board Member Mrs. Priya Hardikar, SVP & Head of Finance Mr. Suni
Slide 25: Contact
Contact For Investor Queries Email Sunil.Phansalkar@kpit.com Desk Phone + 91 20 6770 6997 Cell + 91 98509 66011 Website www.kpit.com Sunil Phansalkar 10/21/2020 24
Slide 26: Contact
Contact For Media Queries Email Sunil.R@kpit.com Desk Phone + 91 80 6606 6000 (7865) Cell + 91 99001 50180 Website www.kpit.com Sunil B R 10/21/2020 25
Slide 27: Thank You
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