Slide 1: Exchange filing cover letter for Investor Update Q3 FY2024
January 30, 2024 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 Q3FY24
Reimagining Mobility with YOU January 30, 2023 Investor Update Q3FY24 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
Performance Overview Q3FY24 Reimagining Mobility with YOU
Slide 5: Performance Overview
Performance Overview • Q3FY24 Net Profit grows 55% Y-o-Y, • Q3FY24 CC Revenue grows 31.5% Y-o-Y Wins and Revenue EBITDA PROFIT Pipeline Reported $ Q3FY24 Q3FY24 Net $ 189M worth Revenue EBITDA at Profit at ₹ engagements growth of 20.6%. Up 200 1,553M closed in the 35.0% Y-o-Y. bps YoY. quarter Y-o-Y
Slide 6: Performance Highlights
Performance Highlights Sequential CC Growth of 4.3% led by Powertrain, Autonomous and Connected domains. Growth was led by Passenger 01 Vehicles in Europe & Asia. Cross currency impact due to higher mix of EURO, JPY and GBP revenues (~63% of total revenue) impacted Reported $ Revenue 02 EBITDA margi
Slide 7: Additional facts - timeseries
Additional facts - timeseries Revenue $ Million Consistent Performance 145 149 134 124 110 80 84 87 90 94 14 Consecutive Quarters 71 73 77 77 77 74 77 65 65 70 of Steady Revenue Growth EBITDA ₹ Billion 2.6 2.4 2.2 1.9 1.7 1.2 1.2 1.3 1.4 14 Consecutive Quarters 0.9 1.0 1.0 0.6 0.7 0.7 0.7 0.8 0.7 0.
Slide 8: Management Quotes
Management Quotes Kishor Patil, Co-founder, CEO and MD, KPIT said,“ We continue to focus on execution relentlessly and have been consistently reaping the benefits of our focus on the mobility industry, key technologies, key clients and key talent. The Q3FY24 revenues have been in line with our expec
Slide 9: Cash Flow – Major Movement
Cash Flow – Major Movement ₹M Increase in Working Capital – 2,269 NET CASH (₹ M) Q3FY24 Q2FY24 Gross Cash 8,736 6,275 Long Term Debt NIL NIL N-Dream Payout – 271 Short Term Debt 447 1,151 PathPartner Payout – 64 NET CASH 8,289 5,124 Capex – 232 Cash and Cash Equivalents break-up ₹M In Investment Acc
Slide 10: New Engagements
New Engagements TCV of new engagements won during the Quarter : $ 189 million A Leading Asian Car Manufacturer selected KPIT for multiple engagements in the Autonomous Driving and Vehicle Engineering domains. Strategic engagements in the System Engineering for Body electronics domains for a leading
Slide 11: Other Updates
Other Updates Q3FY24 Reimagining Mobility with YOU
Slide 12: KPIT announced strategic investment in N-Dream AG
KPIT announced strategic investment in N-Dream AG, one of the early movers in the in-car casual gaming space KPIT announced strategic investment in N-Dream AG, one of the early movers in the in-car gaming space. With N-Dreams' easy- to-launch casual gaming platform AirConsole, and KPIT’s integration
Slide 13: Digital Impact Award and Sodium-ion battery technology
KPIT won the Digital Impact Awards KPIT unveiled breakthrough Sodium-ion battery (Silver) 2023 technology to alleviate Lithium dependency KPIT has recently KPIT has joined a small achieved a and elite group of significant sustainability-focused milestone by being organizations worldwide awarded Silv
Slide 14: KPIT – Thought Leadership snippets
KPIT – Thought Leadership snippets KPIT Co-founder, KPIT Chief Technology KPIT was at the ELIV - KPIT was proud to be at Managing Director, Officer and Board Electronics in Vehicles the Reuters Automotive and CEO, Mr. Kishor Member, Mr. Anup 2023 in Bonn, Germany USA Conference in Patil spoke to ET
Slide 15: Activities from #LifeAtKPIT
Activities from #LifeAtKPIT KPIT celebrated the third edition of KPITians in Columbus came 'Awards of Excellence' to recognize KPITians around the US came together to teach the concept of and honor teams who have made together for the Annual Picnic Force & Motion to the students remarkable contribut
Slide 16: Financial & Operational Data Snapshot
Financial & Operational Data Snapshot Reimagining Mobility with YOU
Slide 17: Profit & Loss Account Snapshot
INR MN Profit & Loss Account Snapshot DETAILS Q3FY24 Q2FY24 Q3FY23 Revenue from Operations 12,569.62 11,991.57 9,171.15 Other Income 173.87 85.94 210.59 Total Income 12,743.49 12,077.51 9,381.74 Operating Expenses 9,984.56 9,592.23 7,472.50 EBITDA 2,585.06 2,399.34 1,698.65 Depreciation 499.59 480.9
Slide 18: Balance Sheet Snapshot
Balance Sheet Snapshot INR MN ASSETS Q3FY24 Q2FY24 EQUITY & LIABILITIES Q3FY24 Q2FY24 NON-CURRENT ASSETS Equity Share Capital 2,711.33 2,710.13 Other Equity 17,750.58 15,862.06 Property, Plant & Equipment 2,224.30 2,174.94 Equity attributable to owners 20,461.91 18,572.19 Right-of-use Assets 2,934.2
Slide 19: Revenue Break-up
Revenue Break-up USD MN Verticals* Q3FY24 Q2FY24 Q3FY23 Q-o-Q Y-o-Y Passenger Cars 116.85 110.07 86.00 6.2% 35.9% Commercial Vehicles 25.90 29.06 23.49 (10.9)% 10.3% * The balance revenues come from others,whichis not a big area as of now Business Units# Q3FY24 Q2FY24 Q3FY23 Q-o-Q Y-o-Y Feature Deve
Slide 20: P&L Metrics
P&L Metrics Q3FY24 Q2FY24 Q3FY23 Q-o-Q Y-o-Y Revenue by Contract Type Time & Material Basis 46.0% 48.6% 51.0% (2.8)% 21.8% Fixed Price Basis 54.0% 51.4% 49.0% 7.9% 48.8% Clients Strategic ClientRevenue 85.0% 84.0% 81.4% 3.9% 41.0% Active Clients (Period End) 60 60 60 Revenue per Devp. Employee USD 4
Slide 21: Currency wise revenues, Hedging Details
Currency wise revenues, Hedging Details O/s Hedge Details Q3FY24 Currency wise Hedge Rates Q3FY24 Q2FY24 Q3FY23 revenue USD/INR 83.95 USD 31.1% 31.1% 35.0% EUR/INR 92.78 EUR 45.9% 44.8% 46.1% GBP/INR 105.47 GBP 6.6% 7.1% 5.6% JPY/INR 0.60 JPY 10.6% 11.4% 6.5% Hedge Amounts(Mn) INR 3.3% 3.8% 4.3% USD
Slide 22: Headcount Data
Headcount Data Period End Headcount Q3FY24 Q2FY24 Q3FY23 Q-o-Q Y-o-Y Development 11,949 11,219 9,795 - - Enabling & Sales 778 752 695 - - Total 12,727 11,971 10,490 - - 1/30/2024 21
Slide 23: Contact Us
Contact Us Reimagining Mobility with YOU
Slide 24: Conference Call Details
Conference Call Details Conference name : KPIT Technologies Q3 FY2024 Post Earnings Conference Call Date : Tuesday January 30, 2024 Time : 1730 Hrs. Participants : Mr. Kishor Patil, Co-founder, CEO & MD Mr. Sachin Tikekar, President, Joint MD Mrs. Priya Hardikar, CFO Mr. Anup Sable, CTO Mr. Sunil Ph
Slide 25: 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 24
Slide 26: 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 25
Slide 27: THANK YOU !!
THANK YOU !! KPIT Technologies Ltd.