Slide 1: Exchange filing cover letter
July 25, 2023 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, Kind
Slide 2: Investor Update Q1FY24
Reimagining Mobility with YOU July 25, 2023 Investor Update Q1FY24 KPIT Technologies Ltd.
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
• 1 March 2021 Performance Overview Q1FY24 Reimagining Mobility with YOU
Slide 5: Performance Overview
Performance Overview 11 M Revenue Reported $ Revenue growth of 49% Y-o-Y 7.1% CC growth, 8.2% Reported $ growth, Q-o-Q Q1FY24 CC Revenue grows Q1FY24 Net Profit at ₹ 1,340* M 2 Net Profit 20.1% Q-o-Q growth in Net Profit 51.7% Y-o-Y Q1FY24 Profit Q1FY24 EBITDA at 20% (PAT) grows 3 EBITDA Y-o-Y EBITD
Slide 6: Performance Highlights
Performance Highlights Growth led by Strategic Accounts, Middleware and Architecture, Electric Powertrain and Connected Vehicles. 01 Balance 75% stake in FMS acquired during the quarter. FMS contributed USD 1.7 M to revenue during the quarter EBITDA margin expansion of 90 bps for the quarter led by
Slide 7: Additional facts - timeseries
Additional facts - timeseries Revenue $ M Consistent Performance 133.9 123.8 110.5 89.9 94.2 71.1 72.8 77.2 76.9 76.9 74.5 77.2 80.4 83.7 87.1 12 Consecutive Quarters 65.3 65.3 69.7 of Steady Revenue Growth EBITDA ₹ M 2,200 1,943 1,699 1,382 931 981 1,041 1,150 1,2141,332 12 Consecutive Quarters 811
Slide 8: Management Quotes
Management Quotes Kishor Patil, Co-founder, CEO and MD, KPIT said,”. We have started the year on a positive note and have delivered a robust all-round performance in line with our expectations of a stronger first half. Opportunities remain stronger as mobility players continue to invest in new techn
Slide 9: Cash Flow – Major Movement
Cash Flow – Major Movement ₹M Increase in Working Capital – 1,695 NET CASH (₹ M) Q1FY24 Q4FY23 Gross Cash 5,727 6,288 Long Term Debt NIL NIL Technica Payout – 1,784 FMS Payout - 624 Short Term Debt 465* 486* SOMIT Payout - 21 NET CASH 5,262 5,802 Capex – 465 Cash and Cash Equivalents break-up ₹M In
Slide 10: New Engagements
New Engagements TCV of new engagements won during the Quarter : $ 190 million Multiple strategic engagements in autonomous driving, body electronics and diagnostics for a leading European Car Manufacturer A few strategic engagements in the electric powertrain domain for a leading American Car Manufa
Slide 11: FY24 Outlook
FY24 Outlook Practice & Technology Alignment of Practices towards SDV. Technology Investments in related areas. Cross – practice collaboration, AI adoption CC Revenue Delivery and Operations Robust competency framework and relentless execution. Agile growth in the methodology adoption. Building scal
Slide 12: Other Updates
• 1 March 2021 Other Updates Q1FY24 Reimagining Mobility with YOU
Slide 13: KPIT won the ET Energy Hydrogen Leadership Award
KPIT won the ET Energy Hydrogen Leadership Award KPIT won the ET Energy Hydrogen Leadership Award - a category that recognizes an organization that has demonstrated outstanding efforts in advancing the use of Hydrogen as a clean and sustainable source. 7/25/2023 12
Slide 14: KPIT leaders featured on popular media outlets
KPIT leaders featured on popular media outlets KPIT Co-founder and Chairman, Mr. Ravi KPIT Co-founder, Managing Director, and Pandit was invited as a distinguished speaker CEO, Mr. Kishor Patil spoke to Automobilwoche, one of Germany's prominent automotive industry Mr. Ravi Pandit at the ETAuto Tech
Slide 15: Activities from #LifeAtKPIT
Activities from #LifeAtKPIT KPIT partnered with Maharshi Karve Stree Shikshan Sanstha (MKSSS) Pune, to empower women from economically weaker sections of society. This program was started in 2021 to support families who lost their livelihoods during the COVID-19 pandemic. A KPIT US office was filled
Slide 16: KPIT – Societal Development Commitment
KPIT – Societal Development Commitment • Water Conservation • KPIT SPARKLE (Engg. Innovation) • Forest Conservation • SHODH (PhD researchers) • Chotte Scientists (School Children) ENVIRONMENT EDUCATION Making this world a Transforming lives of better place to live in people through science & technol
Slide 17: Financial & Operational Data Snapshot
• 1 March 2021 Financial & Operational Data Snapshot Reimagining Mobility with YOU
Slide 18: Profit & Loss Account Snapshot
Profit & Loss Account Snapshot INR MN DETAILS Q1FY24 Q4FY23 Q1FY23 Revenue from Operations 10,976.22 10,173.67 6,857.24 Other Income 78.16 62.60 152.89 Gain on account of Business Combinations 134.13 - - Total Income 11,188.51 10,236.27 7,010.13 Operating Expenses 8,837.42 8,350.16 5,525.51 EBITDA 2
Slide 19: Balance Sheet Snapshot
INR MN Balance Sheet Snapshot ASSETS Q1FY24 Q4FY23 EQUITY & LIABILITIES Q1FY24 Q4FY23 NON-CURRENT ASSETS Equity Share Capital 2,706.02 2,703.46 Other Equity 15,333.75 13,811.92 Property, Plant & Equipment 2,141.45 2,143.89 Equity attributable to owners 18,039.77 16,515.38 Right-of-use Assets 2,849.6
Slide 20: Revenue Break-up
Revenue Break-up USD MN Verticals* Q1FY24 Q4FY23 Q1FY23 Q-o-Q Y-o-Y Passenger Cars 100.53 92.14 66.95 9.1% 50.2% Commercial Vehicles 28.78 30.75 22.38 (6.4)% 28.6% * The balance revenues come from others, which is not a big area as of now Business Units# Q1FY24 Q4FY23 Q1FY23 Q-o-Q Y-o-Y Feature Deve
Slide 21: P&L Metrics
P&L Metrics Q1FY24 Q4FY23 Q1FY23 Q-o-Q Y-o-Y Revenue by Contract Type Time & Material Basis 55.0% 54.6% 51.0% 8.9% 60.6% Fixed Price Basis 45.0% 45.4% 49.0% 7.4% 37.0% Clients Strategic Client Revenue 82.6% 79.5% 84.9% 12.4% 45.0% Active Clients (Period End) 60 60 60 Revenue per Devp. Employee USD 4
Slide 22: Currency wise revenues, Hedging Details
Currency wise revenues, Hedging Details O/s Hedge Details Q1FY24 Currency wise Q1FY24 Q4FY23 Q1FY23 Hedge Rates revenue USD/INR 83.13 USD 34.0% 36.3% 42.7% EUR/INR 90.43 EUR 44.5% 42.8% 33.5% GBP/INR 103.08 GBP 6.0% 6.3% 6.3% JPY/INR 0.64 JPY 10.5% 8.8% 8.7% Hedge Amounts(Mn) INR 3.5% 4.1% 5.8% USD/
Slide 23: Headcount Data
Headcount Data Period End Headcount Q1FY24 Q4FY23 Q1FY23 Q-o-Q Y-o-Y Development 10,837 10,297 8,570 - - Enabling & Sales 734 716 613 - - Total 11,571 11,013 9,183 - - 7/25/2023 22
Slide 24: Contact Us
• 1 March 2021 Contact Us Reimagining Mobility with YOU
Slide 25: Conference Call Details
Conference Call Details Conference name : KPIT Technologies Q1 FY2024 Post Earnings Conference Call Date : Wednesday July 26, 2023 Time : 1600 Hrs. Participants : Mr. Kishor Patil, Co-founder, CEO & MD Mr. Sachin Tikekar, President, Joint MD Mrs. Priya Hardikar, CFO Mr. Sunil Phansalkar, Head-IR Dia
Slide 26: Contact - Investor Queries
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 25
Slide 27: Contact - Media Queries
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 26
Slide 28: THANK YOU !!
THANK YOU !! KPIT Technologies Ltd.