Cyient Limited · NSE:CYIENT
Cyient — Q3 FY22 Earnings Presentation
24 slides from Cyient's earnings presentation, 2022
Slide 1: Q3 FY22 Investor Presentation
© CYIENT 2022 | Confidential Q3 FY22 INVESTOR PRESENTATION
Slide 2: Confidentiality Statement
Confidentiality Statement The information shared herein is strictly confidential, proprietary and unique to the company. It is only made and shared for the purpose and extent it is intended for and no other. Usage or sharing of the said information in any form, directly or indirectly and in any mann
Slide 3: Leadership Team
Leadership Team KRISHNA BODANAPU AJAY AGGARWAL KARTHIK NATARAJAN Managing Director & CEO Executive Director & CFO Executive Director & COO © CYIENT 2022 | Confidential 3
Slide 4: Highlights, Financial Update, Business Update
Highlights Financial Update Business Update • Revenue • BU performance update • Financial Highlights • Business Highlights • Income statement update • Margin bridge • Cash generation © CYIENT 2022 | Confidential Annexures 4
Slide 5: Highlights, Financial Update, Business Update
Highlights Financial Update Business Update • Revenue • BU performance update • Financial Highlights • Business Highlights • Income statement update • Margin bridge • Cash generation © CYIENT 2022 | Confidential Annexures 5
Slide 6: Highlights for the Quarter
Highlights for the Quarter Financial Highlights for Quarter • Group revenue at $157.9 Mn; growth of 11.7% YoY and 5.2% QoQ (5.9% in CC) 13.3% YoY / 6.5% QoQ (₹ terms) • Services revenue at $129.1 Mn; growth of 11.7% YoY / 5.2% QoQ ($ terms) Revenue 11.9% YoY and 3.6% QoQ (4.4% in CC) Quarterly reven
Slide 7: Highlights for the Quarter
Highlights for the Quarter Leadership Position in Digital Launch of Global Management Hived off the Software Defined Radio Engineering and E R&D - Zinnov Zones Consulting Practice (SDR) division of the Company Recognition • With the launch of its consulting • Signed a definitive agreement with • Cyi
Slide 8: Highlights, Financial Update, Business Update
Highlights Financial Update Business Update • Revenue • BU performance update • Financial Highlights • Business Highlights • Income statement update • Margin bridge • Cash generation © CYIENT 2022 | Confidential Annexures 8
Slide 9: Revenue for Q3 FY22
Revenue for Q3 FY22 Revenue Q3 FY22 QoQ YoY Q2 FY22 Q1 FY22 Q4 FY21 Q3 FY21 Group $ Mn 157.9 5.2% 11.7% 150.1 143.5 149.9 141.4 • Services growth at 11.9% YoY CC growth 5.9% 12.1% • DLM growth at 10.6% YoY ₹ Mn 11,834 6.5% 13.3% 11,116 10,582 10,932 10,443 Services • Group growth at 11.7% YoY $ Mn 1
Slide 10: Income statement for Q3 FY22
Income statement for Q3 FY22 All Figures in ₹ Mn Q3 FY22 Q2 FY22 Q3 FY21 QoQ EBIT Movement Revenue 11,834 11,116 10,443 • Consolidated EBIT margin stood at 13.9%; higher by EBIT (Reported) 1,642 1,558 1,165 272 bps YoY and lower by 14 bps QoQ PAT (Reported) 1,317 1,214 954 • Services EBIT margin at
Slide 11: EBIT Margin Bridge for Q3 FY22
EBIT Margin Bridge for Q3 FY22 Particulars EBIT Q2 FY22 (Group) 14.0% Add: DLM impact 147 bps EBIT Q2 FY22 (Services) 15.5% Tailwinds in Q3 FY22 Improvements in operational metrics 87 bps Volume impact on SG&A 139 bps Lower depreciation and volume impact on depreciation 54 bps Headwinds in Q3 FY22 C
Slide 12: Cash Generation for Q3FY22
Cash Generation for Q3FY22 All Figures in ₹ Mn Q3 FY22 Q2 FY22 Q3 FY21 Services Cash Generation Profit before tax 1,692 1,505 1,109 • Cash and cash equivalents, including long-term (+/-) Non-cash & non-operating items 395 400 339 treasury investments, at healthy level of ₹14,768 Operating profit bef
Slide 13: Highlights, Financial Update, Business Update
Highlights Financial Update Business Update • Revenue • BU performance update • Financial Highlights • Business Highlights • Income statement update • Margin bridge • Cash generation © CYIENT 2022 | Confidential Annexures 13
Slide 14: BU Performance Q3 FY22
BU Performance Q3 FY22 Business Units $ Mn Q3 FY22 QoQ YoY Transportation 47.6 -0.5% 5.6% • Services growth stood at 3.6 QoQ and 4.4% in cc Aerospace 33.4 3.9% 14.5% o Aerospace witnessed sequential growth of 3.9% Rail transportation 14.2 -9.5% -10.6% o Growth in C&U and Portfolio, de-growth in rail
Slide 15: Growth Story Q3 FY22 YoY
Growth Story Q3 FY22 YoY Pipeline Growth of 27% | Order intake (OI) Growth of 16% | Revenue Growth of 12% Pipeline Growth OI Growth 27% 16% Group Revenue 12% Large Deals ($M) Top 30 Accounts New Age Tech 69 15% 22% • Top 30 Accounts Growth of 15% and New Age Tech (including 5 © CYIENT 2022 | Confide
Slide 16: Innovative Technology Solutions and Programs
Innovative Technology Solutions and Programs SN Industry Technology Solutions / Programs Cloud Migration of Multi-Modal Transport Billing Platform: E2E solution 1 Transportation Innovative solution for fare collection platform, migration of TB of data to Cloud & implementation for a major city in US
Slide 17: Business Performance & Outlook
BUSINESS PERFORMANCE & OUTLOOK © CYIENT 2022 | Confidential 17
Slide 18: Business Performance & Outlook (1/3)
Business Performance & Outlook (1/3) Transportation Transportation BU unit witnessed marginal de-growth on a sequential basis. The aerospace business continued to grow whereas the rail transportation business witnessed a de-growth. The growth in aerospace can be attributed to the increased business
Slide 19: Business Performance & Outlook (2/3)
Business Performance & Outlook (2/3) Communications and Utilities Communications: Communications Unit witnessed sequential growth in Q3 FY22. Communications BU won two major deals in Q3, one from a key client in Australia to accelerate their broadband network performance and the other from a key pro
Slide 20: Business Performance & Outlook (3/3)
Business Performance & Outlook (3/3) Portfolio of Services Medical Technology and Healthcare witnessed positive sequential growth in Q3 FY22. This continues to be driven by the demand for our digital engineering services for new medical device platform development and embedded hardware and software
Slide 21: Outlook for FY22
Outlook for FY22 Revenue EBIT Margin Others • We will grow double digit • We expect the full year • We maintain that our FY22 in FY22 in Services in USD margins to improve by ~ ETR will be around 25% • DLM growth will be 350 bps leading to best in impacted due to supply class earnings growth for sid
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
#DesigningTomorrowTogether Connect cyient.com With Us Follow us on © CYIENT 2022 | Confidential