Listing Department BSE Limited
25th Floor, Phiroze Jeejeebhoy Towers Dalal Street, Fort
Mumbai - 400 001
Tel No. 022- 22723121 Fax No. 022- 22721919
SCRIP CODE: 523704
The National Stock Exchange of India Limited Exchange Plaza, C-1, Block G,
Bandra Kurla Complex, Bandra (E), Mumbai - 400 051 Tel No.: 022- 26598100
Fax No. 022-26598120
Sub: Earnings Conference Call Transcript - Q4FY22.
With reference to our Letter No. SEC/02/2022-23 dated April 8, 2022, please find enclosed herewith the call Transcript of the Earnings Conference Call held on the financial performance for the quarter and year ended March 31, 2022, on Wednesday, April 20, 2022.
The Transcript of the conference call can also be accessed from the website of the Company at www.mastek.com
Request you to take the note of the above.
804/805, President House, Opp. C. N. Vidyalaya, Near Ambawadi Circle, Ahmedabad - 380 006
Tel: +91-79-2656-4337 | Email:firstname.lastname@example.org| Web: www.mastek.com | CIN: L74140GJ1982PLC005215
"Mastek Investor Day"
April 20, 2022
MANAGEMENT:MODERATOR:MR. HIRAL CHANDRANA -GLOBAL CHIEF EXECUTIVE OFFICER
MR. ABHISHEK SINGH - PRESIDENT UK & EUROPE MR. UMANG NAHATA - PRESIDENT AMERICAS &
MR. ARUN AGARWAL - GLOBAL CHIEF FINANCIAL OFFICER
MS. MANINDER KAPOOR PURI - GLOBAL CHRO
MS. HIMANSHI CHATWANI
Once again, a very good evening, ladies and gentlemen. Thank you so much for taking the time out and joining us here. My name is Himanshi Chatwani and it gives me immense pleasure to welcome each and every one of you, to the Investors Day.
Well, firstly, before we begin, I am sure that, we are quite glad now be in the physical space, and actually see each other, and hear each other well. So, just as we begin this event may I request you to turn to the person sitting to the right or the left, and just shake hands with the person. And also, if you like the person who is sitting next to you, give them a smile as well when you shake their hands, wonderful.
Ladies and gentlemen, thank you once again for joining us here. Today, Mastek leaders would be sharing insights on Vision 2025 and their growth plans to create tangible value, for all our stakeholders with velocity, the value that we have built on a strong foundation of trust over 40 years.
Ladies and gentlemen, may I also give you a little bit of insight into some of the recognitions that we have achieved:
o Recognized in Gartner Digital Commerce Vendor Guide, 2021.
o Finalist in European Software Testing Award categories.
o Best Employee Relations and Engagement Strategy 2021/2022.
o Best Employer Brand Award 2021.
o The Visionary CISO Award 2022.
o Global CFO at India's 12th Annual CFO100 Roll of Honour.
o The Futuristic 100 at the 16th Edition of CIO100.
o IIM-A Ashank Desai Centre for Leadership and Organization Development, Professional Excellence in Procurement and Workplace Management at 134th
Mumbai Leadership Award Summit.
These are just a few of the recognitions that I have taken you through.
Well, during this meet, apart from talking about our performance, we will also be covering our big bets, regional focus and expanding the global footprint. You will get a comprehensive view on how Mastek is geared up to 'Decomplex Digital' for all of our stakeholders with Trust, Value, and Velocity.
Well as we begin this event today let me begin by quoting a dynamic member, who is with us here today. Well, this is also the mission that I am also highlighting. "Mastek's purpose is to help our clients achieve their goals, whether it is to save lives, or create new revenue streams.
We enable success for our clients, employees and the societies, at large that we live in. We do this through trusted long term partnerships, delivering innovative business and digital solutions, and creating sustainable time to value for our stakeholders."
With this, ladies and gentlemen, allow me to kick start the proceedings, with, for the opening remarks. And for this may I please invite on stage, the very member, whose quote I just referred to, please join me in welcoming up on stage. Mr. Hiral Chandrana, Global CEO, Mastek Group.
Well, he has over 25 plus years of global experience with a proven track record in IT services and digital solutions across a diverse set of industries. Please join me in welcoming him up on stage.
Good afternoon. Alright. So, nice to see everyone, I know it's been a challenging last two years.
We have had interactions with many of you virtually. And seeing some of you in-person is just fantastic. All the investors and analysts that have made Mastek and we are proud to be here in front of you today.
We have many members of our leadership team, some of our Founders, and we will talk through how we are gearing up as an organization, to deliver value for not just our customers, but our employees, our societies and our investors.
So, I will get started. But I just wanted to set the stage with a couple of comments. We are here for the next hour and a half, two hours where we will cover a lot of content. And I am sure there is a lot more questions. So, we have left about an hour or so towards the end for Q&A. We would request all of you to stay for dinner as well. And there are a few other things that we have even after the sessions are completed. I am just going to make a few opening remarks and then we will get through the various sessions.
The May 14th of 2022 which is coming up here, in a couple of weeks, we are going to be actually completing 40 rich years of heritage as an organization. Very proud of the journey that we have had. There are various accomplishments along the way that have taken us to this point. And it will take us a few hours just to cover some of that. So, this is not about that today. But what we would like to share with you is some of our strategy for the future. And some of the big bets that we are placing, that will set us apart from our competition.
Here are some of the accomplishments, Himanshi talked about a few already. But in the last 9 to 12 months, we have had some amazing set of awards and recognitions. And many of you would have seen it in the press and some of the announcements. I think each one has some really interesting kind of nuances to it. But very recently, Tech Market in the UK, which covers this extensively, recognized Mastek as the Top 10 fastest growing providers. And this is among a very wide variety of companies that we were listed again. So, that's something that we are very proud of.
As you know, a couple of years back, we integrated our Oracle business which was Evosys, it has demonstrated some amazingly fast growth. We continue to be listed in Gartner's Magic Quadrant, and we are very proud of how we differentiate ourselves in the Oracle space. Industry recognizes us in this area, even among Accenture, Infosys, KPMG, some very large players.
The Economic Times recently listed us, and actually gave us a couple of different awards, so some of those are quoted as well. One very interesting Award that we received recently, is the Best Places to Work for Women. As you know, environment, social values, governance, which is ESG is very critical for us. And the focus on diversity and the focus on continuing to look at social values is important to us. So, we are very proud of this award as well.
All of you would have seen some of the quarterly numbers that we announced last night and this morning. We are proud not just of Q4, but the full year FY22 Results, which have been very consistent. It's demonstration of solid execution. While we look at the numbers in itself, we do want to highlight some areas which are important not just from a current fiscal year perspective, but even from the future. Fortune 1000 Clients which we track very closely, we now have 20 of them. And this is an important indicator of how large enterprise clients are actually engaging with Mastek. The revenue, the EBITDA, as well as the Profit-After-Tax all have had record numbers, and you can see the numbers on the screen. But we are also very proud of our order backlog. And this is an indicator which sets us up for FY23, which is the fiscal year that we are already in. We have actually now crossed 5000 Mastekeers, and this is our employees and people who really make things happen. It's not just a few individuals, it's our entire team and workforce that makes things happen.
We have a corporate video that we would like to play so hopefully you like it, our marketing team has worked very hard and put this together. So, if you can play the video, please.
(Audio Visual Presentation) 12:22
Alright, I think our marketing team deserves a big hand. Prajakta, Ninad, can you stand up Kashmira. Hopefully, you got a glimpse of what we are about and what we have done, and what we can do.
Let me quickly close with a couple more comments before I hand it off to Abhishek. We have a strong aspiration and ambition to get to a billion dollars in a few years. And we want to do it in the early part of the second half of the decade. And we realize it's a steep climb. And it's not going to be an easy journey. But we are gearing up and we have an excellent leadership team.
But what's more important than just the numbers is, we really want to be the best places to work.
We believe that our talent is really what will make things happen. And our differentiated delivery model is really what's going to create customer delight. So, this is going to be critical as part of our journey together.
The road to that journey is going to have a lot of different initiatives, lot of different priorities.
And I want to call out a couple of them because these are elements that we are focused on and that we are betting on.