Mastek Limited · NSE:MASTEK
Mastek — Q4 FY2024 Earnings Presentation
36 slides from Mastek's earnings presentation, Apr 26, 2024
Slide 1: Exchange cover letter for press release and investor presentation
SEC/12/2024-25 April 26, 2024 Listing Department Listing Department BSE Limited The National Stock Exchange of India Limited 25th Floor, Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street, Fort, Bandra Kurla Complex, Mumbai-400 001 Bandra (E), Mumbai – 400 051 SCRIP CODE: 523704 SY
Slide 2: Press Release | Q4FY24
Trust. Value. Velocity. Press Release | Q4FY24
Slide 3: Q4FY24 revenue at Rs 779.7 crore, up by 9.9% Y-o-Y
For Immediate Release Q4FY24 revenue at Rs 779.7 crore, up by 9.9% Y-o-Y 12 months order backlog grew by 20.9% Y-o-Y in rupee terms PAT margin at 12.0%, improved by 178bps Y-o-Y Proposed Final Dividend of 240% Mumbai, India 26th April 2024: Mastek, a Turnkey & Trusted Digital Engineering & Clo
Slide 4: Review of Consolidated Financial Performance for Quarter ended 31st March 2024
For Immediate Release Review of the Consolidated Financial Performance for Quarter ended 31st March 2024: Figures in $mn Q4FY24 Q3FY24 Q-o-Q Growth Q4FY23 Y-o-Y Growth Revenue from Operations $93.7 $94.0 (0.3)% $86.3 8.7% Figures in Rs Crore Q4FY24 Q3FY24 Q-o-Q Growth Q4FY23 Y-o-Y Growth Total Incom
Slide 5: Cash balance, dividend and key wins for the quarter
For Immediate Release locations. Employee count at the end of 31st December, 2023 was 5,518. Last twelve months attrition at 20.5% in Q4FY24 in comparison with 20.0% in Q3FY24. Cash Balance: The total cash, cash equivalents and fair value of Mutual Funds stood at Rs 473.3 crore as on 31st March, 2
Slide 6: Key wins: Middle Eastern Development Bank and UK health body
For Immediate Release Mastek will transform Front & Mid Office Operations using Microsoft Dynamics CRM for a Middle Eastern Development Bank. We will modernize Sales & Service Operations, integrate with LDS (Loan Disbursal Systems), and provide Managed Services Support. Through this partnership, M
Slide 7: Key wins and awards & recognitions
For Immediate Release solution encompasses Financial, HCM, and Supply Chain Systems, empowering the client with streamlined operations and enhanced efficiency. Mastek won a transformational engagement to replace the existing ERP legacy system with Oracle Cloud for an Australian public teaching hos
Slide 8: About Mastek
For Immediate Release About Mastek Mastek (NSE: MASTEK; BSE: 523704), is an enterprise digital and cloud transformation partner that engineers excellence for customers in industries such as healthcare and life sciences, retail & consumer, manufacturing, financial services, and public sector across U
Slide 9: Thank You
For Immediate Release Thank You T Thank You Trust. Value. Velocity. _________________________________________________________________________________ 8 of 8
Slide 10: Investor Presentation Q4FY24 April 2024
INVESTOR PRESENTATION Q4FY24 26 April 2024 Presented by: Hiral Chandrana | Chief Executive Officer, Mastek Arun Agarwal | Chief Financial Officer, Mastek
Slide 11: Table of Contents
Table of Contents 01 02 03 04 05 Highlights Financial & FY24 Full Year Key Wins for Strategic of the Operational Performance the Quarter Priorities for Quarter Performance FY25 Q4FY24 Investor Presentation | Earning Deck Company Confidential © Mastek 2023. All rights reserved | 2
Slide 12: Highlights of the Quarter
Mastek*@ Trust. Value. Velocity HIGHLIGHTS OF THE QUARTER
Slide 13: Highlights of Q4FY24
HIGHLIGHTS OF Q4FY24 Revenue Growth Operating EBITDA 12month Order backlog Year-on-Year 9.9% Margin 16.0% Q-o-Q Growth 4.9% Q4FY24 revenue at Q4FY24 Op. EBITDA 12 Months Order backlog at ₹ 779.7 Crore ₹ 125.1 Crore ₹ 2,168.4 Crore Revenue grew by Total EBITDA at 12 months order backlog grew by 6.0%
Slide 14: Highlights of FY24
HIGHLIGHTS OF FY24 Revenue Growth Operating EBITDA 12month Order backlog Year-on-Year 19.2% Margin 16.7% Year-on-Year Growth 20.9% FY24 revenue at FY24 Op. EBITDA 12 Months Order backlog at ₹ 3,054.8 Crore ₹ 508.7 Crore ₹ 2,168.4 Crore Revenue grew by Op. EBITDA grew by 12 months order backlog grew
Slide 15: Key Achievements & Recognitions
KEY ACHIEVEMENTS & RECOGNITIONS Mastek named as Mastek featured in Mastek complies Top 15 Sourcing Gartner’s Tool with Sustainability Standout in the ISG Earned 2024 ‘Great Vendor Accounting Booming 15 global Place to Work’ Identification for Standards Board Index for five Certification Cloud ERP, C
Slide 16: Financial & Operational Performance Q4FY24
FINANCIAL & OPERATIONAL PERFORMANCE Q4FY24
Slide 17: Financial Performance
FINANCIAL PERFORMANCE 900 25.0% 800 19.2% 20.0% 700 17.3% 17.7% 17.5% 17.2% 17.0% 600 16.1% 16.0% 15.0% 500 14.2% 13.6% 400 12.0% 10.0% 300 10.1% 10.2% 10.1% 9.9% 8.5% 200 5.0% 100 570 625 659 709 725 766 784 780 - 0.0% Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Revenue from Operations
Slide 18: Consolidated Financial Highlights Q4FY24
CONSOLIDATED FINANCIAL HIGHLIGHTS Q4FY24 Comparison: Quarter-on-quarter & Year-on-year (Figures In ₹ Crore) Operating Operating EBITDA PAT & 12 Months Revenue & Margin (%) Margin (%) Order Backlog 17.7% 17.0% 12.0% 16.0% 9.9% 10.2% 1,794.1 2,067.6 2,168.4 125.5 133.5 125.1 784.3 779.7 709.2 72.6 77.
Slide 19: Consolidated Financial Summary – Q4FY24
CONSOLIDATED FINANCIAL SUMMARY – Q4FY24 QoQ YoY Key Performance Metrics Q4FY24 Q3FY24 Q4FY23 Growth Growth Revenue from Operations ($mn) $93.7 $94.0 $86.3 (1.4)% (CC) 6.0% (CC) Revenue from Operations (₹ Crore) 779.7 784.3 709.2 (0.6)% 9.9% Revenue Other Income (₹ Crore) 5.5 3.4 (0.4) 61.7% - Total
Slide 20: Operating Metrics Q4FY24
OPERATING METRICS Q4FY24 Strengthening our business Q4FY24 Q3FY24 Q4FY23 New Clients Added 22 27 28 Active Client during the Quarter 430 436 464 Client Base Top 5 31.1% 30.4% 29.6% Top 10 41.5% 40.2% 40.6% No. of Clients with Annual Billing > USD 1mn 76 73 61 Total Employee 5,539 5,518 5,622 • Offsh
Slide 21: FY24 Full Year Performance
@ Mastek ®@ Trust. Value. Velocity FY24 FULL YEAR PERFORMANCE
Slide 22: Consolidated Financial Summary – FY24
CONSOLIDATED FINANCIAL SUMMARY – FY24 YoY Key Performance Metrics FY24 FY23 Growth Revenue from Operations ($mn) $368.4 $318.1 13.0% (CC) Revenue from Operations (₹ Crore) 3,054.8 2,563.4 19.2% Revenue Other Income (₹ Crore) 16.0 38.3 (58.2)% Total Income (₹ Crore) 3,070.8 2,601.7 18.0% Op. EBITDA 5
Slide 23: Balance Sheet Metrics FY24 – Consolidated
BALANCE SHEET METRICS FY24 – CONSOLIDATED Figures In ₹ Crore Cash & Cash Equivalent Return on Equity# Return on Capital Employed# 29.5% 20.7% 16.1% 794.0 270.0 473.3 33.6% 24.0% 17.7% FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 # Return on Equity = PAT/Average Networth; Return on Capital Employed =
Slide 24: Revenue Analysis FY24 – Consolidated
REVENUE ANALYSIS FY24 – CONSOLIDATED Balancing Our Portfolio Revenue by Market Region* Revenue by Contract Type 14.3% 13.7% 15.9% 17.7% 48.1% 41.8% 24.4% 53.7% 27.2% 68.0% 61.9% 56.9% 46.3% 51.9% 58.2% FY22 FY23 FY24 FY22 FY23 FY24 UK & Europe US AMEA Time & Material Fixed Price Investor Presentatio
Slide 25: Operational Performance: Revenue by Industry Segments
OPERATIONAL PERFORMANCE Revenue By Industry Segments FY24 – Consolidated FY24 43.9% 16.3% 12.6% 15.3% 11.9% Government & Education Health & Life Sciences FY23 41.8% 16.6% 14.6% 15.2% 11.8% Retail/ Consumer Manufacturing & Technology Financial Services # FY22 37.6% 23.5% 14.9% 12.9% 11.1% 0% 10% 20%
Slide 26: Operational Performance: Revenue by Service Line
OPERATIONAL PERFORMANCE Revenue By Service Line FY24 – Consolidated FY24 44.3% 30.9% 17.6% 7.2% Digital & Application Engineering Oracle Cloud & Enterprise Apps FY23 43.3% 31.8% 18.1% 6.8% Digital Commerce & Experience Data, Automation and AI FY22 45.5% 33.0% 11.8% 9.7% 0% 10% 20% 30% 40% 50% 60% 70
Slide 27: Key Wins for the Quarter
@ Mastek ®@ Trust. Value. Velocity KEY WINS FOR THE QUARTER
Slide 28: Key Wins for the Quarter: Government & Financial Services
KEY WINS FOR THE QUARTER Government & Financial Services UK & Europe UK & Europe Americas AMEA Client A leading Ed-Tech company providing A Fortune 500 financial services Empowering a crucial UK-based comprehensive solutions to 15,000+ provider in the Americas, offering A government-established Deve
Slide 29: Key Case Studies and Wins: Healthcare
KEY CASE STUDIES AND WINS Healthcare UK & Europe Americas Americas Client An executive non-departmental public body of the A rapidly expanding subsidiary of a Fortune 100 A leading healthcare provider offering a wide array of Department of Health and Social Care, providing vital Healthcare giant, de
Slide 30: Key Case Studies and Wins: Healthcare
KEY CASE STUDIES AND WINS Healthcare Americas Americas AMEA Client A leading public teaching hospital providing acute care, A prestigious global non-profit organization renowned A prominent American University and Medical Center intensive care, and operating one of the state's largest for its unpara
Slide 31: Key Wins for the Quarter: Retail, Manufacturing & Technology
KEY WINS FOR THE QUARTER Retail, Manufacturing & Technology UK & Europe UK & Europe Americas AMEA Client A pioneering manufacturer of consumer- The second-largest waste disposal packaged goods packaging, renowned company in North America, offering The national airline of a country in A global leader
Slide 32: Strategic Priorities for FY25
STRATEGIC PRIOIRTIES FOR FY25
Slide 33: FY25 Mastek Strategy & Enablers
FY25 MASTEK STRATEGY & ENABLERS Trusted Digital Engineering and Cloud Transformation Partner Public Sector in UK (Secure Govt. Services) Customer Delight Account Healthcare Mining focus in US & (Top 30 a/c Globally globally) Innovation with GenAI Mastek ENABLING PILLARS Brand & Culture Mgd.Services
Slide 34: GenAI
GENAI Ready to capture the wave with Industry-First Solutions plan.ai create.ai orchestrate.ai transform.ai deliver.ai • GenAI maturity • Foundational data prep • Salesforce, Oracle, • General purpose LLM • App development pilot assessment through data integration Microsoft GenAI features pilot usin
Slide 35: BizAnalytica is now Mastek's Data Cloud and Modernization Business
BIZANALYTICA IS NOW MASTEK’S DATA CLOUD AND MODERNIZATION BUSINESS Mastek Snowflake partnership tier upgraded to “Premier” tier Investor Presentation | Earning Deck Company Confidential © Mastek 2023. All rights reserved | 26
Slide 36: Thank You
THANK YOU This presentation contains information that may be privileged or confidential and is the property of Mastek. Copyright © 2022 Mastek. All rights reserved. Note: Except for the historical information and discussion contained herein, statements included in this release may constitute forward