Slide 1: Investor Presentation Annexure Q2 FY23
INVESTOR PRESENTATION © CYIENT 2022 | Confidential Annexure Q2 FY23
Slide 2: Message from the Management
Message from the Management Commenting on the results, Mr. Krishna Bodanapu, Managing Director and Chief Executive Officer, said “Cyient delivered strong Q2 FY23 results, with revenue at $ 174.8 Mn, a growth of 10.0% QoQ and 20.4% YoY in constant currency. The services revenue was $151.1 Mn, an incr
Slide 3: Message from the Management
Message from the Management Commenting on the results, Mr. Ajay Aggarwal, Executive Director & CFO, said, “Our core operations remain robust with Services revenue growth showing strong momentum. This has translated into topline growth of 20.4% cc YoY, 10.0% cc QoQ, Normalised Group EBITDA margin at
Slide 4: Consolidated Financial Metrics
Consolidated Financial Metrics Growth % ₹ Mn Q2 FY23 Q1 FY23 Q2 FY22 QoQ YoY Revenue 13,962 12,501 11,116 11.7% 25.6% EBITDA (Reported) 1,864 1,946 2,075 -4.2% -10.2% EBITDA margin (Reported) 13.4% 15.6% 18.7% -222 bps -532 bps EBITDA (Normalised) 2,291 1,946 2,075 17.7% 10.4% EBITDA margin (Normali
Slide 5: Consolidated Revenue Segmentation
Consolidated Revenue Segmentation By Geography (%) Particulars Q2 FY23 Q1 FY23 Q2 FY22 Americas 50.4% 51.3% 48.8% Europe, Middle East, Africa 26.0% 22.7% 24.8% Asia Pacific (includes India) 23.6% 26.0% 26.4% By Business Unit (%) Particulars Q2 FY23 Q1 FY23 Q2 FY22 ARC total 57.1% 63.8% 65.7% Aerospa
Slide 6: Consolidated Operations Metrics
Consolidated Operations Metrics Account Receivables (in Days) Particulars Q2 FY23 Q1 FY23 Q2 FY22 DSO Total 85 88 81 - Billed 59 59 60 - Unbilled 26 29 21 Order Intake ($ Mn)^ Particulars Q2 FY23 Q1 FY23 Q2 FY22 Cyient Services 129 141 123 DLM 118 24 33 Group OI Total 247 165 156 ^The Order Intake r
Slide 7: Consolidated Client Metrics
Consolidated Client Metrics Top Clients: Revenue Contribution (%) Particulars Q2 FY23 Q1 FY23 Q2 FY22 Top 5 25.2% 27.7% 31.7% Top 10 37.2% 39.3% 43.2% No. of Million $ Clients Particulars Q2 FY23 Q1 FY23 Q2 FY22 20 Mn+ 4 4 3 10 Mn+ 12 11 10 5 Mn+ 37 32 32 1 Mn+ 98 94 92 © CYIENT 2022 | Confidential
Slide 8: Consolidated Employee Metrics
Consolidated Employee Metrics Employees Particulars Q2 FY23 Q1 FY23 Q2 FY22 Total Headcount 15,598 14,147 12,707 Technical & Pool 14,474 13,165 11,763 Non-Technical 463 473 330 Support 661 509 614 Voluntary Attrition (LTM)* 28.4% 27.9% 24.8% * Attrition is reported on LTM basis from Q1FY23. This is
Slide 9: Consolidated Other Financial Metrics
Consolidated Other Financial Metrics Cash Position (₹ Mn) Particulars Q2 FY23 Q1 FY23 Q2 FY22 Cash & Cash Equivalent including treasury 13,944 13,749 14,033 investments Cash & Bank balances 6,094 4,211 5,846 Investments in FDs 5,014 6,574 8,187 Investment in MFs 271 864 0 Treasury investments 2,565
Slide 10: Consolidated Income Statement
Consolidated Income Statement Income Statement ₹ Mn Q2 FY23 Q1 FY23 Q2 FY22 Operating Revenue 13,962 12,501 11,116 Cost of Revenue 8,595 7,901 6,846 Direct Salary and related costs 5,632 4,989 4,351 Direct Travel 164 136 84 Delivery Management 278 257 221 Material cost 1,282 1,459 1,332 Other costs
Slide 11: Extract of Consolidated Balance Sheet
Extract of Consolidated Balance Sheet Balance Sheet ₹ Mn Q2FY23 Q1FY23 Q2 FY22 EQUITY AND LIABILITIES Shareholders’ funds - Share capital 552 552 551 - Reserves and surplus 31,230 30,318 28,698 Total - Shareholders' funds 31,782 30,870 29,249 Non-current liabilities - Long-term borrowings and liabil
Slide 12: Consolidated Cash Flow Movement
Consolidated Cash Flow Movement ₹ Mn Q2 FY23 Q1 FY23 Q2 FY22 Free cash flow from operations (Normalised) 682 596 2,050 Investment in non current investments (626) 191 (374) Settlement of purchase/deferred consideration consideration pertaining to (4,668) (4,063) (180) new/prior year acquisitions Int
Slide 13: Other Income
Other Income All Figures in ₹ Mn Q2FY23 Q1FY23 Q2 FY22 For the quarter Income from Treasury • Treasury income is higher due to higher yield, Interest on Investments/Deposits 97 91 110 despite lower cash balance attributed to Dividend on Mutual Funds 5 4 0 acquisition funding and dividend payout Subt
Slide 14: Cyient Metrics (Services)
© CYIENT 2022 | Confidential (Services) Cyient Metrics 14
Slide 15: Cyient Metrics (Services) (1/3)
Cyient Metrics (Services) (1/3) By Geography (%) Onsite/offshore Split (%) Particulars Q2 FY23 Q1 FY23 Q2 FY22 Particulars Q2 FY23 Q1 FY23 Q2 FY22 Americas 50.7% 53.0% 52.8% Onsite 52.0% 50.0% 50.3% Europe, Middle East, Africa 28.0% 21.8% 27.5% Offshore 48.0% 50.0% 49.7% Asia Pacific (including Indi
Slide 16: Cyient Metrics (Services) (2/3)
Cyient Metrics (Services) (2/3) Currency Mix (%) Particulars Q2 FY23 Q1 FY23 Q2 FY22 USD 52.9% 52.9% 50.8% EURO 10.3% 10.3% 13.1% GBP 8.0% 8.0% 9.4% AUD 12.9% 12.9% 13.4% Others 16.0% 16.0% 13.4% Utilization (%) Particulars Q2 FY23 Q1 FY23 Q2 FY22 Utilization 84.6% 80.9% 85.0% Account Receivables (i
Slide 17: Cyient Metrics (Services) (3/3)
Cyient Metrics (Services) (3/3) Top Clients: Revenue Contribution (%) Particulars Q2 FY23 Q1 FY23 Q2 FY22 Top 5 28.9% 32.1% 33.0% Top 10 39.9% 43.6% 45.6% No. of Million $ Clients Particulars Q2 FY23 Q1 FY23 Q2 FY22 20 Mn+ 4 4 3 10 Mn+ 12 11 10 5 Mn+ 30 25 24 1 Mn+ 85 81 76 New Clients Added 8 8 17
Slide 18: Cyient Metrics (Design Led Manufacturing)
Cyient Metrics (Design Led Manufacturing) © CYIENT 2022 | Confidential 18
Slide 19: Cyient Metrics (Design Led Manufacturing) (1/3)
Cyient Metrics (Design Led Manufacturing) (1/3) Income Statement - Abridged (In ₹ Mn) Particulars Q2 FY23 Q1 FY23 Q2 FY22 Net Revenue 1,894 1,897 1,888 Direct Salaries & other costs 240 238 278 Material Cost 1,283 1,459 1,330 Gross Profit 371 200 280 SG&A 144 52 85 Depreciation & amortisation 70 69
Slide 20: Cyient Metrics (Design Led Manufacturing) (2/3)
Cyient Metrics (Design Led Manufacturing) (2/3) By Business Unit (%) Particulars Q2 FY23 Q1 FY23 Q2 FY22 ARC total 58.2% 67.1% 65.5% Aerospace 56.8% 65.5% 63.0% Rail transportation 1.4% 1.5% 2.3% Communications 0.0% 0.2% 0.2% MEU total 24.7% 17.2% 10.8% Mining 0.0% 0.0% 0.1% Energy 24.7% 17.2% 10.7%
Slide 21: Cyient Metrics (Design Led Manufacturing) (3/3)
Cyient Metrics (Design Led Manufacturing) (3/3) No. of Million $ Clients Particulars Q2 FY23 Q1 FY23 Q2 FY22 5 Mn+ 7 7 8 2 Mn+ 11 11 12 1 Mn+ 13 13 16 New Clients Added 0 0 1 Key Operational Metrics Particulars Q2 FY23 Q1 FY23 Q2 FY22 Headcount 594 567 672 DSO (in Days) 71 85 91 DPO (in Days) 82 65
Slide 22: About Cyient
About Cyient Cyient (Estd: 1991, NSE: CYIENT) is a global engineering and technology solutions company. As a Design, Build, and Maintain partner for leading organizations worldwide, Cyient takes solution ownership across the value chain to help customers focus on their core, innovate, and stay ahead
Slide 23: Disclaimer
Disclaimer All the references to Cyient’s financial results in this update pertain to the company’s consolidated operations comprising: Wholly-owned and step down subsidiaries: Cyient Europe Limited; Cyient Inc.; Cyient GmbH; Cyient Australia Pty Ltd; Cyient Singapore Private Limited; Cyient KK; Cyi
Slide 24: Connect With Us
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