Mastek Limited

Nahata Has Also Worked For Other Well

known IT

rs,

ated July 8, 2023, regarding the captioned subject. We wish to inform you that the Board of Directors, at their meeting held today – Wednesday, July 19, 2023, has transacted, approved, and taken on reco

5.42%

.com | CIN: L74140GJ1982PLC005215 Further, Mr. Umang Nahata holds 16,55,840 (5.42%) shares in the Company. We also confirm that Mr. Umang Nahata is not debarred from holding the off

100%

pursuant to any SEBI order or any such authority. 2. Approval of proposal for the acquisition of 100% Membership Interest Purchase Agreement in BizAnalytica LLC by Mastek Inc. (Wholly Owned First Leve

16.72 million

n specialist in the Americas region. The purchase consideration includes an upfront payment of USD 16.72 million and an earn-out between USD 0 to USD 24.0 million subject to achieving financial targets. On achie

24.0 million

consideration includes an upfront payment of USD 16.72 million and an earn-out between USD 0 to USD 24.0 million subject to achieving financial targets. On achievement of the target set for the period of 3 years,

15.3 million

t of the target set for the period of 3 years, the total earn-out payment will be in the range of $15.3 million. The transaction will be completed, subject to satisfactory fulfillment and accomplishment of cer

Rs. 1,050 lakh

including all Identified Assets and Liabilities to be bought for a consideration of approximately Rs. 1,050 lakhs (equivalent to USD 1.28 million), subject to satisfactory fulfillment and accomplishment of certa

1.28 million

d Liabilities to be bought for a consideration of approximately Rs. 1,050 lakhs (equivalent to USD 1.28 million), subject to satisfactory fulfillment and accomplishment of certain conditions precedent, completi

26.3 million

Subsidiary. The Board of Directors has also approved providing the Corporate Guarantee up to USD 26.3 million (to secure a facility for Mastek Inc. USA and Mastek Systems Company Limited, UK entity) Wholly Ow

14.6 million

utions LLP). For the Financial Year ended December 31, 2022, the turnover of the Company was USD 14.6 million and for the Financial Year ended December 31, 2021, the turnover revenue of the Company was USD 8

8.9 million

n and for the Financial Year ended December 31, 2021, the turnover revenue of the Company was USD 8.9 million. The promoter BizAnalytica LLC. / promoter group has no interest in IT Consulting and So

24 million

tually agreed. All Cash Upfront consideration USD 16.72 million; earn-out between USD 0 to USD 24 million subject to achieving targets. On achievement of the target set for the period of 3 years, total e

“The promoter/promoter group has no interest in the target or its parent Company.”

“The university will achieve wider digital benefits including a move to greater process automation outside of the Backoffice.”

“• ~60:40 onshore-offshore split • Revenue CAGR (CY20 - CY22) – 30% Lightbeam IP for Data Managed Services Capabilities across multiple leading Data Cloud Platforms like Snowflake, Databricks, AWS Investor Presentation | Earning Deck BizAnalytica Strengths Strong Solutioning Approach with senior Solution Architects and technical leadership team Track record of delivering critical projects for Fortune 1000 clients Enterprise customers Key Technology Partners Company Confidential © Mastek 2023.”

Subsidiary of Mastek Limited

1

Presented by

1

Note

1

Subsidiary of Mastek Limited

a. Mastek Inc – USA Entity b. Mastek Systems Company Limited – UK Entity b. Whether the promoter/ promoter group/ group companies have any interest in this transaction? If yes, the nature of interest and details thereof and whether the same is done at “arm’s length”. The Holding Entity is providing a Corporate Guarantee for two of its Subsidiaries for carrying out business transactions. The said transaction is a related party transaction but is entered into pursuant to the provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, and entered basis. The promoter/promoter group has no interest in the target or its parent Company. length arm’s into an at c. Brief details of such guarantee or indemnity or becoming a surety viz. brief details of agreement entered (if any) including significant terms and conditions, including the amount of guarantee d. Impact of such guarantees or indemnity or surety on a listed entity The Company prop

Presented by

Hiral Chandrana | Chief Executive Officer, Mastek Arun Agarwal | Chief Financial Officer, Mastek Table of Contents 01 02 03 04 05 Highlights of the Quarter Financial & Operational Performance Key Wins for the Quarter Acquisition Update Strategic Priorities Investor Presentation | Earning Deck Company Confidential © Mastek 2023. All rights reserved | 2 HIGHLIGHTS OF THE QUARTER HIGHLIGHTS OF Q1FY24 Revenue Growth Year-on-Year 27.2% Operating EBITDA Margin 17.5% 12month Order backlog Year-on-Year Growth 16.9% Q1FY24 revenue at ₹ 725.3 Crore Revenue grew by 2.3% QoQ 20.2% YoY (CC*) Q1FY24 Op. EBITDA ₹ 127.0 Crore Op. EBITDA grew by 16.3% YoY 12 Months Order backlog at ₹ 1,763.9 Crore 12 months order backlog grew by 9.7% YoY (CC*) Mastek signs definitive agreement to acquire BizAnalytica, LLC – a data cloud & modernization specialist Investor Presentation | Earning Deck *CC: Constant Currency Company Confidential © Mastek 2023. All rights reserved | 4 KEY ACHIEVEMENTS & RECOGNITIONS Featur

Note

# Financial Services includes consultancy/ professional services Investor Presentation | Earning Deck Company Confidential © Mastek 2023. All rights reserved | 14 OPERATIONAL PERFORMANCE Revenue By Service Line Q1FY24 – Consolidated Q1FY24 44.8% 32.2% 18.3% 4.7% Digital & Application Engineering Oracle Cloud & Enterprise Apps Q4FY23 44.7% 28.9% 19.5% 6.9% Digital Commerce & Experience Data, Automation and AI Q1FY23 42.8% 37.8% 10.8% 8.6% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Investor Presentation | Earning Deck Company Confidential © Mastek 2023. All rights reserved | 15 KEY WINS FOR THE QUARTER KEY WINS FOR THE QUARTER UK & Europe UK & Europe UK & Europe Americas Government & Education Central government department with a mission to protect the country. A modern University created in 2002 situated in North London, with over 10,000 students and 2,000+ staff. Client One of the largest local councils for Southeast England. They employ over 7,500 people. The council's functions incl