Mphasis : Investor Presentation

DocuSign Envelope ID: D4D8F015-E315-440A-8FC5-CF9F044DCCA3

22 July 2022
The Manager, Listing	The Manager, Listing
BSE Limited	National Stock Exchange of India Ltd
Phiroze Jeejeebhoy Towers,	Exchange Plaza, Plot No. c/1,
Dalal Street,	G-Block,Bandra-Kurla Complex,
Mumbai - 400 001	Mumbai - 400 051

Dear Sirs,

Sub: Schedule and Presentation for Investor(s)/Analyst(s) call

Please find enclosed a copy of the presentation proposed to be made at the Investor/Analyst call to be held today at 8:30 am (IST) in connection with the results of the Company for the quarter ended 30 June 2022.

The presentation is also being hosted on the website of the Company at www.mphasis.com.

The schedule of investor/ analyst call is available on the website of the Company at https://www.mphasis.com/home/corporate/investors/earnings-call-new.html.

We request you to kindly take the above on record as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Yours faithfully,

For Mphasis Limited

Subramanian Narayan

Senior Vice President and Company Secretary

Encl: As above

DocuSign Envelope ID: D4D8F015-E315-440A-8FC5-CF9F044DCCA3

Consistency & Transformation

Mphasis Earnings Q1 FY 2023

Nitin Rakesh	Manish Dugar
CEO & Managing Director	CFO

© Mphasis 2022 Proprietary and confidential information I 7/22/2022

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DocuSign Envelope ID: D4D8F015-E315-440A-8FC5-CF9F044DCCA3

Safe Harbor

Certain statements mentioned in this presentation concerning our future growth prospects are forward looking statements (the "Forward Statements") and are based on reasonable expectations of the management, which involves a number of risks, and uncertainties that could cause actual results to differ materially from those in such Forward Statements. The risks and uncertainties relating to these Forward Statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, fluctuations in foreign exchange rates, revenue and profits, our ability to generate and manage growth, intense competition in IT services, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price and fixed-time frame contracts, restrictions on immigration, industry segment concentration, our ability to manage our international operations, our revenues being highly dependent on clients in the United States of America, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, withdrawal of fiscal governmental incentives, political instability, adverse impact of global pandemics (including COVID-19 impact), war, legal restrictions on raising capital or acquiring companies, unauthorized use of our intellectual property(ies) and general economic conditions affecting our businesses and industry. We may, from time to time, make additional written and oral Forward Statements . We do not undertake to update any Forward Statements that may be made from time to time by us or on our behalf, unless required under the law.

© Mphasis 2022 Proprietary and confidential information I 7/22/2022

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DocuSign Envelope ID: D4D8F015-E315-440A-8FC5-CF9F044DCCA3

IT Spend Continues to Stay Robust Despite Focus on Cost and Macro Trends

IT budgets are stable at elevated levels

Driven by tech themes….

Our Customers

• respondents reporting increase in total IT Budget*

April '21		May '22

% respondents saying	59% 78%
budget will increase

% respondents saying	13%	23%
budget will increase

20%+

Cloud

Security

Analytics

and BI

Customer

Experience

ITes with run spends may see

some downward pressure

90%+ customers have indicated continued tech spend. Mortgage LOB impacted by macro factors

Pressure to reduce run spend are providing opportunities to explore proactive cost value propositions like Zero Cost

Transformation

Higher outsourcing to offshore/nearshore driven by cost advantage, need for faster time to market, and globalization of talent models

*Source: Bain Covid-19 B2B IT Software Survey (US N=96, EU N=92, April 26, 2021, US N = 94, EU N = 85, May 20, 2022)

© Mphasis 2022 Proprietary and confidential information I 7/22/2022

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DocuSign Envelope ID: D4D8F015-E315-440A-8FC5-CF9F044DCCA3

Consistency & Transformation

Q1-FY23: Overall revenue grew 22.1% YoY in CC#	Continued growth outperformance in Direct

Direct business grew 28.3% YoY in CC#

							431	436^	YoY → 10.0%	10.2%	34.7%	26.3%
							414
					CQGR								408
					+3.3%	385
							363
				CAGR	+13.8%	342				CAGR
					327 334
											323
					318 320
					305	305
					292 297
				276 283
				264 269
250				252							240
			242
240	235 237	229	224						217
231
227	228
225 225	224 222
							198
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1	Q1'19	Q1'20	Q1'21	Q1'22	Q1'23
'15 '15 '15 '15 '16 '16 '16 '16 '17 '17 '17 '17 '18 '18 '18 '18 '19 '19 '19 '19 '20 '20 '20 '20 '21 '21 '21 '21 '22 '22 '22 '22 '23

Revenue in USD $M at average USD/INR rate for the respective periods	^Includes adverse cross-currency impact of $3.5 Mn QoQ and $7.2 Mn YoY	Direct Business revenues
© Mphasis 2022 Proprietary and confidential information I 7/22/2022	# Constant Currency	I 4	I