HCL Technologies Limited

2.5%

1 Earnings Call “We have posted a robust Q4 FY’21 sequential constant currency revenue growth of 2.5%. Our FY’21 Revenue stands at US $ 10.175 B, a growth of 2.4% YoY and a Net income growth of 13.2%

2.4%

onstant currency revenue growth of 2.5%. Our FY’21 Revenue stands at US $ 10.175 B, a growth of 2.4% YoY and a Net income growth of 13.2% YoY (ex milestone bonus). We also registered the highest eve

13.2%

2.5%. Our FY’21 Revenue stands at US $ 10.175 B, a growth of 2.4% YoY and a Net income growth of 13.2% YoY (ex milestone bonus). We also registered the highest ever New deal booking this quarter of

21.4%

odernize their Applications & Operations. In doing so, we delivered 2.4% growth in US $ and EBIT at 21.4% (ex milestone bonus), expanding 180 bps on YoY basis. The best part of the year was the strong Oper

180 bps

ns. In doing so, we delivered 2.4% growth in US $ and EBIT at 21.4% (ex milestone bonus), expanding 180 bps on YoY basis. The best part of the year was the strong Operating Cash Flow generation at US $ 2,602

49%

basis. The best part of the year was the strong Operating Cash Flow generation at US $ 2,602 Mn, Up 49% YoY and Free Cash Flow generation at US $ 2,340 Mn, Up 58% YoY. Our Board has declared a Special In

58%

ash Flow generation at US $ 2,602 Mn, Up 49% YoY and Free Cash Flow generation at US $ 2,340 Mn, Up 58% YoY. Our Board has declared a Special Interim Dividend of `10/- per share as a milestone to mark th

3.0%

ech.com 5 Performance Summary Quarter ended Mar 31, 2021 Fiscal Year 2020-21 Revenue $2,696M 3.0% QoQ YoY 6.0% Revenue $10,175M Growth in CC 2.5% 2.6% Growth in CC YoY 2.4% 1.1% EBIT1

6.0%

ormance Summary Quarter ended Mar 31, 2021 Fiscal Year 2020-21 Revenue $2,696M 3.0% QoQ YoY 6.0% Revenue $10,175M Growth in CC 2.5% 2.6% Growth in CC YoY 2.4% 1.1% EBIT1 $549M 8.3% 3.

2.6%

Fiscal Year 2020-21 Revenue $2,696M 3.0% QoQ YoY 6.0% Revenue $10,175M Growth in CC 2.5% 2.6% Growth in CC YoY 2.4% 1.1% EBIT1 $549M 8.3% 3.4% EBIT1 $2,173M 11.7% EBIT%1 20.4% 252

1.1%

2,696M 3.0% QoQ YoY 6.0% Revenue $10,175M Growth in CC 2.5% 2.6% Growth in CC YoY 2.4% 1.1% EBIT1 $549M 8.3% 3.4% EBIT1 $2,173M 11.7% EBIT%1 20.4% 252 bps 50 bps EBIT%1 21.4% 17

8.3%

oY 6.0% Revenue $10,175M Growth in CC 2.5% 2.6% Growth in CC YoY 2.4% 1.1% EBIT1 $549M 8.3% 3.4% EBIT1 $2,173M 11.7% EBIT%1 20.4% 252 bps 50 bps EBIT%1 21.4% 178 bps Net Income1

“As part of this, HCL will be responsible for product innovation that would steer growth and customer advocacy for the client.”

“The DTL so created will be reversed on either impairment of Goodwill disposal of such Goodwill.”

“• Connections v7 - Enables the client to jumpstart their project teams with easy-to-use set-up wizard and templates built upon their best practices in order to save time and help drive increased consistency that promotes successful results.”

“Clients can deploy HCL DX on-prem, in the cloud, or in a hybrid model, and by deploying with HCL SoFy they will be able to dramatically simplify and accelerate a cloud- native deployment of HCL Digital Experience and also connect other HCL products and services in just a few clicks.”

“HCL will deliver Workplace as a Service (WaaS) across all client’s support levels, geographies and environments (office, retail, distribution centers) while providing a state-of-the-art consumer like experience enabled through automation and artificial intelligence.”

“The modern digital workplace that HCL will deliver will help client level while their significantly reducing cost, enhancing quality, and significantly improving end-user experience for the company’s employees IT workplaces to the next transformation of take digital Partnered for a digital transformation and hybrid cloud contract.”

“HCL will deliver end-to- end IT transformation spanning digital platforms, agile digital application development, migration, support and maintenance and digital workplace services.”

“Samuday will be replicated it in eight more blocks of Hardoi district in the state of Uttar Pradesh, with interventions related to agriculture, education, healthcare, infrastructure, livelihood, and WASH 3,500 new farmers were registered for income enhancement.”

“• NOIDA Authority, in collaboration with Clean NOIDA project, organized a Pink Marathon on the occasion of Women’s Day 2021 to raise awareness of the importance on cleanliness, hygiene, and safe waste disposal.”

Business Performance

1

Financial Updates

1

Difference

1

Business Performance

Q4 and FY’21 © 2021 HCL Technologies Limited | www.hcltech.com 5 Performance Summary Quarter ended Mar 31, 2021 Fiscal Year 2020-21 Revenue $2,696M 3.0% QoQ YoY 6.0% Revenue $10,175M Growth in CC 2.5% 2.6% Growth in CC YoY 2.4% 1.1% EBIT1 $549M 8.3% 3.4% EBIT1 $2,173M 11.7% EBIT%1 20.4% 252 bps 50 bps EBIT%1 21.4% 178 bps Net Income1 $410M 24.1% 5.1% Net Income1 $1,760M 13.2% 1All profits and margins above exclude the impact of onetime milestone bonus paid in Q4 FY21: $99.8 mn ( $78.8 mn net of tax); ` 728 crores (` 575 crores net of tax). © 2021 HCL Technologies Limited | www.hcltech.com 6 Business Performance Commentary Positive revenue growth & double digit EBIT / Net income growth in FY21 in spite of COVID-19 related headwinds in the first quarter • Mode 2 & Mode 3 revenue grew in double digits – High teens and low teens respectively • Growth diversified across most verticals and all geos Very strong and diversified growth in Services Business • Strong growth pickup in Q4 in ITBS l

Financial Updates

Q4 and FY’21 © 2021 HCL Technologies Limited | www.hcltech.com 13 Performance Summary Quarter ended Mar 31, 2021 Fiscal Year 2020-21 Revenue $2,696M 3.0% QoQ YoY 6.0% Revenue $10,175M Growth in CC 2.5% 2.6% Growth in CC YoY 2.4% 1.1% EBITDA $603M 18.3% 6.7% EBITDA $2,612M 11.4% EBITDA Margin 22.4% 585 bps 305 bps EBITDA Margin 25.7% 207 bps Net Income $331M 38.7% 23.3% Net Income $1,681M 8.2% EPS (LTM) INR 45.8 5.8% 12.4% EPS INR 45.8 12.4% © 2021 HCL Technologies Limited | www.hcltech.com 14 Performance Summary Adjusted, without impact of Milestone Bonus Quarter ended Mar 31, 2021 Fiscal Year 2020-21 Revenue $2,696M 3.0% QoQ YoY 6.0% Revenue $10,175M Growth in CC 2.5% 2.6% Growth in CC YoY 2.4% 1.1% EBITDA1 $703M 4.8% 8.7% EBITDA1 $2,711M 15.6% EBITDA Margin1 26.1% 215 bps 65 bps EBITDA Margin1 26.7% 305 bps Net Income1 $410M 24.1% 5.1% Net Income1 $1,760M 13.2% EPS1 (LTM) INR 47.9 1.5% 17.6% EPS1 INR 47.9 17.6% 1All profits and margins above exclude the impact of onetime milestone bo

Difference

* Primarily Deferred Tax Liability created under Ind AS on difference between Tax and Book basis of Goodwill in view of amendment in Income Tax Act: 1,222 crores. © 2021 HCL Technologies Limited | www.hcltech.com 22 Q&A © 2021 HCL Technologies Limited | www.hcltech.com 23 HCL TECHNOLOGIES AT A GLANCE Technology for the Next Decade, Today. Copyright © 2021 HCL Technologies Limited | www.hcltech.com The Fastest Growing Global Technology Company $10.2B REVENUE 168,000+ IDEAPRENEURS 50 157+ COUNTRIES NATIONALITIES © 2021 HCL Technologies Limited | www.hcltech.com 25 Key Differentiators Product Engineering DNA Digital at Scale Partnership Ecosystem Innovative Business Constructs Relationship Beyond the ContractTM COVID-19 Response HCL continues with its proactive efforts to safeguard employees, minimize impact to clients, reduce financial risk to HCL, maintain supply chain resilience, and provide support to communities around the world. Abiding by government protocols related to workplace s