Infosys Limited · NSE:INFY
Infosys — Shareholder Meeting (June 2024)
27 slides from Infosys's shareholder meeting presentation, Jun 28, 2024
Slide 1: Letter to stock exchanges: Proceedings of the 43rd AGM
Infosys Navigate your next TO ALL STOCK EXCHANGES BSE LIMITED NATIONAL STOCK EXCHANGE OF INDIA LIMITED NEW YORK STOCK EXCHANGE June 26, 2024 Dear Sir/ Madam, Sub: Proceedings of the 43" Annual General Meeting (‘AGM’) The 434 AGM of the Company was held today - June 26, 2024, through video conferenci
Slide 2: Summary of proceedings of 43rd Annual General Meeting
® Infosys Navigate your next Summary of proceedings of 43'¢ Annual General Meeting of Infosys Limited The 434 Annual General Meeting (‘AGM’) of the Members of Infosys Limited (‘the Company’) was held on Wednesday, June 26, 2024, at 4.00 P.M (IST) through video conferencing and other audio-visual mea
Slide 3: Other representatives and quorum of the meeting
Infosys Navigate your next A.G.S. Manikantha, joined over VC from Bengaluru Company Secretary OTHER REPRESENTATIVES Statutory Auditors - representatives of Deloitte Haskins & Sells LLP, Chartered Accountants, Sanjiv Pilgaonkar — Partner, joined over VC from Mumbai Gurvinder Singh — Partner, joined o
Slide 4: Resolutions placed at the 43rd AGM
Infosys Navigate your next Following resolutions as set forth in the 43'¢ AGM notice were placed; No. | Resolutions Type of resolution Ordinary Business 1 Adoption of financial statements Ordinary 2 Declaration of dividend Ordinary 3 Appointment of Nandan M. Nilekani as a director, liable to retire
Slide 5: Chairman's Speech
Nandan M. Nilekani Infosys A3 rata MEETING www.infosys.com CHAIRMAN’S SPEECH Dear Shareholders, Welcome to the 43rd Annual General Meeting of Infosys. On behalf of the Infosys Board of Directors, | appreciate your support for the Company and thank you for taking the time to join us today. Fiscal 202
Slide 6: Chairman's Speech (continued): AI deployment
While application can be trialled on very large models, deployment will be on narrow transformers, trained on relevant enterprise data, fully secure and efficient in their inferencing. They will need both an Al foundry for experimentation and an Al factory for scaling up. The constraint of resources
Slide 7: Generative AI Scaling - Salil Parekh
MEETING ‘emeinfosys.com Generative AI Scaling Salil Parekh Managing Director and Chief Executive Officer
Slide 8: Safe harbor
Safe harbor Certain statements in this presentation concerning our future growth prospects, or our future financial or operating performance are forward-looking statements intended to qualify for the 'safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of
Slide 9: FY 2024 performance
FY 2024 performance Revenue growth at Operating margin of Free cash flow of 1.4% yYoy 20.7% $2.9 billion Growth in CC terms (as of 31st March 2024) 3 INFOSYS 484 ANNUAL GENERAL MEETING | Infosys Navigate yournext
Slide 10: Large deals in FY 2024
Large deals in FY 2024 Large deals of 90 deals with TCV $17.7 billion >$50 million 4) INTOSYS 4 ANNUAL GENERAL MEETING | Infosys Navigate yournext
Slide 11: Overview of our financial performance
Overview of our financial performance Operating Profit (in INR crore) Operating Cash Flow (in INR crore) 153,670 ,747 ° 30,905 31,74 26,066 ” ft ft ~ [ = FY 23 FY 24 FY 23 FY 24 FY 23 FY 24 Net Profit (in INR crore) Basic EPS (in INR) Free Cash Flows (in INR crore) 26,233 63.39 24,095 e 57.63 FY 23
Slide 12: Balance sheet is strong, debt free, and liquid
Balance sheet is strong, debt free, and liquid In INR Crore Property, plant & equipment including CWIP 13,634 12,663 Goodwill and intangibles 8,997 8,700 Other non-current assets 20,100 | 15,715 Cash and investments* 31,286 39,005 Other net working capital 12,613 | 22,937 86,630 99,020 Less: Non-cur
Slide 13: Returning over INR 88,400 crores to shareholders
Returning over INR 88,400 crores in 5 years to shareholders Dividend per share (INR) Capital returned? to shareholders (INR Crore) 88,402 FY24 46.00 * 22,624 FY23 34.00 63,194 FY22 31.00 FY21 27.00 4,721 FY20 17.50 21,337 3,312 Including proposed final dividend of INR 20 and special dividend of INR
Slide 14: Generative AI scale investments Topaz
8 INFOSYS 43" ANNUAL GENERAL MEETING Generative AI scale investments Topaz Infosys topaz AI PLATFORMS & ASSETS FROM INFOSYS & PARTNERS Al-first set of services, best practices, playbooks, accelerators, tools and platforms i > = | =| Zz We have built 23 AI and generative AI playbooks to leverage for
Slide 15: Generative AI Topaz is driving enterprise transformation programs
Generative AI Topaz is driving enterprise transformation programs We are working with our clients on enterprise generative AI transformation programs This is distinct from consumer generative Al, which many of O== us are using personally Enterprise generative AI works on data sets within large organ
Slide 16: Topaz is driving client value
Topaz is driving client value Productivity 225+ 70+ Gen AI Projects AI Client Advocacies © on E-retail platform ol 10 INFOSYS 43" ANNUAL GENERAL MEETING | Growth Ana Risk reduction #1 lyst Ratings & Relations Credit review 46 Al Patents Filed in FY’24
Slide 17: Our AI first journey is resonating well with our clients
Our AI first journey is resonating well with our clients g Ai ‘Support & Operations Sales Infosys Ops Assistant peat GPT Developers Amplify RA Gitllub Copitot Human Marketing Infosys Code Assistant Potential Assistant Managers & Leaders Learning Infosys AMA Assistant Infosys Learning Assistant (Zoie
Slide 18: We have applied our generative AI playbook on our own offerings
We have applied our generative AI playbook on our own offerings Gen AI First Full Lifecycle Reimagined AI Augmented Development & Test Automation Assisted / Development & Test 12. INFOSYS 43" ANNUAL GENERAL MEETING | oO oO oO Fuse and integrate with new development paradigms Collapsable lifecycle le
Slide 19: Our Cobalt ecosystem is enabling the enterprise transformation journey
Our Cobalt ecosystem is enabling the enterprise transformation journey * Digital foundation to increase density through data, assets, connectivity, process and security ¢ Enhance ROI of Cloud investments through orchestration, our partner ecosystem and observability ° Enables an AI first approach fo
Slide 20: Our Cobalt capabilities for the cloud continue to resonate with our clients
Our Cobalt capabilities for the cloud continue to resonate with our clients Infrastructure-led Data & AI Business Platform Non-IT Transformation to Transformation- Transformation Led By Engineering workloads to the Cloud Leveraging Cloud Enterprise Apps & Cloud SaaS Bedrock of superior experience, s
Slide 21: Our Cobalt capabilities and Topaz capabilities complement each other
Our Cobalt capabilities and Topaz capabilities complement each other @ topaz cobalt v Al playbooks v Enterprise Al strategy (a) v Al platforms & solutions 15 INFOSYS 43" ANNUAL GENERAL MEETING | JUN! 26.202! Y Cloud first business solutions Y Labs & playgrounds VY Hyperscaler ecosystem Scalable & Ac
Slide 22: AI Strategy
AI Strategy Data & AI Economy Horizontal Integration Rethink Business Business as a Platform, Vertical Integration AI Foundation Enterprise Data Ready for Al, AI assisted Business AI Governance 3 AI-first canvases drive our business outcomes for our customers in our approach to data 16 INFOSYS 43" A
Slide 23: Leadership in Digital
Leadership in Digital CLIENT DIGITAL Digital Leader ratings in JOURNEY 60 categories FY 24 ee a Infosys Navigate your next Gartner FORRESTER 17 INFOSYS 43" ANNUAL GENERAL MEETING |
Slide 24: Acquisitions
Acquisitions * Two acquisitions in the engineering services area ¢ In automotive and semiconductor engineering services intech = insemi ECHNOLOGY Automotive innovation. Semiconductor design 2200 people Over 900 design specialists. Infosys 18 INFOSYS 43" ANNUAL GI Navigate your next pRAL MEETING |
Slide 25: Our CSR initiatives
Our CSR initiatives ‘Sight ° SightConnect, a mobile app for eye testing * Focused intervention in maternal and child health IRLS ° Girls for gold program LD ° Education for girls from underprivileged communities * Free learning programs to over 7.9 million people in the world through our Infosys Spr
Slide 26: Brand focus
Brand focus * Brand ambassadors — Rafael Nadal, Iga Swiatek ¢ Champions evolve campaign First time in Time magazine’s list of world’s best companies Ranked among the most-trusted brands in India and the US * Sonic branding 20 INFOSYS 43" ANNUAL GENERAL MEETING |
Slide 27: Conclusion
Conclusion * Stable operating performance ¢ Strong cash return ° Generative AI scaling ° Leading capabilities in cloud, digital, data ° Large deals ° Acquisitions ° CSR work ¢ Well-positioned to support our clients for their future In 21 INFOSYS 43" ANNUAL GENERAL MEETING | Navigate your next