Hexaware Technologies Limited

rs,

: HEXT The General Manager Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Scrip Code:544362 Dear Sir/ Madam, Subject: Investor Presentatio

INR 32,079

2 Key Financial and Business Highlights Financial Highlights Revenue: • Q1CY25: USD 371.5 Mn | INR 32,079 Mn o USD o INR o Constant Currency : (0.2%) QoQ; 12.4% YoY : +1.7% QoQ; +16.7% YoY : (0.2%) QoQ

0.2%

ighlights Revenue: • Q1CY25: USD 371.5 Mn | INR 32,079 Mn o USD o INR o Constant Currency : (0.2%) QoQ; 12.4% YoY : +1.7% QoQ; +16.7% YoY : (0.2%) QoQ; +12.7% YoY Profitability: • EBITDA : Q1CY25

12.4%

Revenue: • Q1CY25: USD 371.5 Mn | INR 32,079 Mn o USD o INR o Constant Currency : (0.2%) QoQ; 12.4% YoY : +1.7% QoQ; +16.7% YoY : (0.2%) QoQ; +12.7% YoY Profitability: • EBITDA : Q1CY25: 16.7% o

1.7%

1CY25: USD 371.5 Mn | INR 32,079 Mn o USD o INR o Constant Currency : (0.2%) QoQ; 12.4% YoY : +1.7% QoQ; +16.7% YoY : (0.2%) QoQ; +12.7% YoY Profitability: • EBITDA : Q1CY25: 16.7% o +2.3% QoQ &

16.7%

371.5 Mn | INR 32,079 Mn o USD o INR o Constant Currency : (0.2%) QoQ; 12.4% YoY : +1.7% QoQ; +16.7% YoY : (0.2%) QoQ; +12.7% YoY Profitability: • EBITDA : Q1CY25: 16.7% o +2.3% QoQ & +20.8% YoY i

12.7%

o USD o INR o Constant Currency : (0.2%) QoQ; 12.4% YoY : +1.7% QoQ; +16.7% YoY : (0.2%) QoQ; +12.7% YoY Profitability: • EBITDA : Q1CY25: 16.7% o +2.3% QoQ & +20.8% YoY in absolute terms o +41 b

2.3%

YoY : +1.7% QoQ; +16.7% YoY : (0.2%) QoQ; +12.7% YoY Profitability: • EBITDA : Q1CY25: 16.7% o +2.3% QoQ & +20.8% YoY in absolute terms o +41 bps QoQ & +117 bps YoY in % terms • Basic EPS: o Q1CY2

20.8%

QoQ; +16.7% YoY : (0.2%) QoQ; +12.7% YoY Profitability: • EBITDA : Q1CY25: 16.7% o +2.3% QoQ & +20.8% YoY in absolute terms o +41 bps QoQ & +117 bps YoY in % terms • Basic EPS: o Q1CY25: INR 5.38 |

41 bps

2.7% YoY Profitability: • EBITDA : Q1CY25: 16.7% o +2.3% QoQ & +20.8% YoY in absolute terms o +41 bps QoQ & +117 bps YoY in % terms • Basic EPS: o Q1CY25: INR 5.38 | +2.5% QoQ & +16.7% YoY Cash •

117 bps

itability: • EBITDA : Q1CY25: 16.7% o +2.3% QoQ & +20.8% YoY in absolute terms o +41 bps QoQ & +117 bps YoY in % terms • Basic EPS: o Q1CY25: INR 5.38 | +2.5% QoQ & +16.7% YoY Cash • Closing cash b

INR 5.38

Q & +20.8% YoY in absolute terms o +41 bps QoQ & +117 bps YoY in % terms • Basic EPS: o Q1CY25: INR 5.38 | +2.5% QoQ & +16.7% YoY Cash • Closing cash balance as of 31st March 2025(3) : INR 19,087 Mn Bu

“Partial ramp up from Q2 • Update on two consolidation deals in pipeline: • Positive progress • Mega consolidation opportunities in clients where we are non incumbents for this work • New Opportunities: • Two new large consolidation opportunities • CY25 Revenue View: • Q2 - expect to deliver reasonable but not sharp growth.”

“• Q3 expected to have accelerated growth; and we expect to buck usual pattern and grow in Q4.”

“• Expect to hire 1800-2000 IT people in Q2 in anticipation of Q3 ramp.”

“• Vertical View • Banking, FS expected to lead growth • HTPS, H&I to grow at roughly company average • T&T marginal incremental weakness due to Macros, but will grow at roughly company average • Manufacturing & Consumer – significant weakness due to Macros • Margin outlook: • EBITDA to improve as per the range of 17.1% - 17.4% given earlier.”

“• ERP costs to end in June • Medium-term levers to improve margins remain, but near-terms focus is to use them for growth.”

Revenue

1

Profitability

1

Strategic Investments

1

Key People Metrics

1

Key Customer Metrics

1

Strategies on Growth acceleration

1

Investor Relations

1

Registered Office

1

Revenue

• Q1CY25: USD 371.5 Mn | INR 32,079 Mn o USD o INR o Constant Currency : (0.2%) QoQ; 12.4% YoY : +1.7% QoQ; +16.7% YoY : (0.2%) QoQ; +12.7% YoY

Profitability

• EBITDA : Q1CY25: 16.7% o +2.3% QoQ & +20.8% YoY in absolute terms o +41 bps QoQ & +117 bps YoY in % terms • Basic EPS: o Q1CY25: INR 5.38 | +2.5% QoQ & +16.7% YoY Cash • Closing cash balance as of 31st March 2025(3) : INR 19,087 Mn Business Highlights

Strategic Investments

• Delivery footprint expansion in Dehradun and Hyderabad • Client Experience Centre (CEC) in Jersey City and London

Key People Metrics

• Closing Headcount: 31,564 • Voluntary Attrition for IT(1): 11.2% • Q1CY25 Utilization Rate for IT(2): 82.1%

Key Customer Metrics

• NPS Score of 67; 27 points higher than the industry median • 3 customers >$75Mn (1 customer in the $100 Mn+ category)

Strategies on Growth acceleration

• Legacy modernization using RapidX, Gen AI • Private Equity as a channel for Revenue growth • Expand presence in ISV’s • Expand presence in India/GCC and Middle East Notes: (1) Voluntary attrition rate for the IT service line is calculated as the total number of IT business professionals and support function professionals who left the company voluntarily during a period, divided by the average number of IT business professionals and support function professionals during the period, computed on a trailing twelve-month basis. (2) Utilization rate for IT is calculated as the total hours IT business professionals spend on customer-billed assignments, divided by the total available base hours. IT business professionals designated as Mavericks (campus hires) are included in the utilization computation after the completion of an initial training period of up to four months. (3) Includes restricted cash balance *Gartner does not endorse any vendor, product or service depicted in its research