13
Cignitl’ Somme Quality | Assume 7‘h January, 2019 National Stock Exchange of India Ltd, BSE Limited Exchange Plaza. Sandra Kurla Complex, PJl Towers, Dalal Street Bandra (East), Mumbai - 400051, Mumbai 400001. Fax No.26598237/26598238 Fax Nol22722037/22723121 Name of Scrip: CIGNLTITEC Scrip code: 534758 Dear Sir/Madam, ~. Sub: Cigniti Technologies Limited-Meeting with SEVeral firnds/Invesrors-Reg. Ref: Regulaxion 30 of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015 In terms of the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. the Company represented by Mr. V. Krishnan, Chief financial Officer and Mr‘ Subhendu Pattnaik, AVP-Marketing 8: Demand Gen of the Company will be participating in Non-Deal Roadshow (NDR) in Mumbai on 8" January 2019 to 9“ January 2019 organised by Ad factors PR and by Reliance securiries (only on 9‘h January, 1019) wherein the Company's representative(s) would meet the Fund Houses/ Investors as per the List attached. Also enclosing the copy of corporate presentation for the kind information and records of the Exchange please Thanking You Yours faithfully, For Cigniti Technologies Limited (Fl N 010 V 51} Mi “2 A.N.Vasudha Company Secretary Encl; as above. (Contd ) wwwdgmn,mm

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Page 1: Cignitl’€¦ · Cignitl’ Somme Quality | Assume 7‘h January, 2019 National Stock Exchange of India Ltd, BSE Limited Exchange Plaza. Sandra Kurla Complex, PJl Towers, Dalal

Cignitl’Somme Quality | Assume

7‘h January, 2019

National Stock Exchange of India Ltd, BSE Limited

Exchange Plaza. Sandra Kurla Complex, PJl Towers, Dalal Street

Bandra (East), Mumbai - 400051, Mumbai — 400001.

Fax No.26598237/26598238 Fax Nol22722037/22723121

Name of Scrip: CIGNLTITEC Scrip code: 534758

Dear Sir/Madam, ~.

Sub: Cigniti Technologies Limited-Meeting with SEVeral firnds/Invesrors-Reg.

Ref: Regulaxion 30 of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015

In terms of the provisions of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015. the Company represented by Mr. V. Krishnan, Chief financial Officer and

Mr‘ Subhendu Pattnaik, AVP-Marketing 8: Demand Gen of the Company will be participating in

Non-Deal Roadshow (NDR) in Mumbai on 8" January 2019 to 9“ January 2019 organised byAd factors PR and by Reliance securiries (only on 9‘h January, 1019) wherein the Company's

representative(s) would meet the Fund Houses/ Investors as per the List attached.

Also enclosing the copy of corporate presentation for the kind information and records of the

Exchange please

Thanking You

Yours faithfully,

For Cigniti Technologies Limited

(Fl N010V 51} Mi “2

A.N.Vasudha

Company Secretary

Encl; as above.

(Contd , )

wwwdgmn,mm

Page 2: Cignitl’€¦ · Cignitl’ Somme Quality | Assume 7‘h January, 2019 National Stock Exchange of India Ltd, BSE Limited Exchange Plaza. Sandra Kurla Complex, PJl Towers, Dalal

Cignit‘l’Sonware unamy l Assured

VInvestor Roadshow, Mumbai

l'Date \ Time \ Company Name \ Venue

Tuesday 8th January 10:00 am- Old Bridge Capital Keel-lava Building,

2019 11:00 amBandra Kuxla Complex

Road, E Block BKC,

Bandra Kurla Complex,

Bandra East. Mumbai,

Mai-mama 400051

11:30 am- Edelweiss Financial Services Edelweiss House 11:

12:30 pm (Prop Fund Morgan Chase Bank,

Windsor Lane, Kalina,

Santacmz East. Mumbai,

Maharashtra 400098

01:30 pm— Param Capital and investec Trident, BKC

02:30 pm Financial Services

03:30 pm. Infina (Investment company 7th Floor, Dani

04:30 pm jointly owned by Kotak Corporate Park,

Mahindra Bank and the 158, C.S.T. Road: Kalina,

Kotak Family) Santacruz (East)

Mumbai 400 098. India

05:00 pm—

\SMC 010w Trident, axe

‘06:00 pm A

Wednesday, 9th

‘10:00 am

- Carma Rebeca MF Road show with Reliance

January 2019Securities

wwwngnm cam

(lgnltI Technologies Ltd

Suite we, 107,MGRE5latEi

Dwarakapun Colony

pumagum, Hyderabad 500 051

Andhra madam, India

cm: L722001<31998PLC§00M

o «9‘ (4013070 2255

om (40> 3070 2299

as! E Las Colinus Blvd, «1

I1ving,TX 75039

0 97175613621

0 972.7670948/0644

Page 3: Cignitl’€¦ · Cignitl’ Somme Quality | Assume 7‘h January, 2019 National Stock Exchange of India Ltd, BSE Limited Exchange Plaza. Sandra Kurla Complex, PJl Towers, Dalal

Cigniti Technologies Ltd.

Corporate Presentation

Nov 2018

www.cigniti.com | Unsolicited Distribution is Restricted. Copyright © 2018 - 19, Cigniti Technologies

Page 4: Cignitl’€¦ · Cignitl’ Somme Quality | Assume 7‘h January, 2019 National Stock Exchange of India Ltd, BSE Limited Exchange Plaza. Sandra Kurla Complex, PJl Towers, Dalal

.- Cigniti: Business Overview & Key Metrics CignitSlill-.'.£EIEI II'tlilill

V

'3: J'-.;:.~;Llr|!

Cigniti is a globally recognized player in Specialized Quality Engineering Services and an emerging leader with Digital offerings

Business Overview

Founded in 1998, Cigniti is a global player in Specialized Quality Engineering

Services

It offers Services including Traditional Quality Assurance & Testing, Quality

Engineering, Digital Testing and many more services

2100+ Employees worldwide, 1800+ testers

200+ Active customers including 49 Fortune 500 Customers

Differentiator: IP led approach to digital through BlueSwan Platform

Key Verticals: BFSI, Travel & Hospitality, HealthCare

Shareholding Pattern: 37.37% Promoters, 62.63% Public holding

Awards & Recognitions

World’s first Independent Quality Engineering Services Company to be

appraised at CMMI-SVC v1.3, Maturity Level 5, and we also are ISO 9001:2015

& ISO 27001:2013 certified

Positioned as a ‘Star Performer’ and ‘Major Contender’ in the Everest Group

PEAK Matrix. 3 years in a row.

Positioned in Gartner’s Magic Quadrant for Application Testing Services,

Worldwide for 3 years in a row.

Recognized as a Leader by NelsonHall in NEAT charts for Software Testing, for

3 years in a row as a Leader in the Digital & Consulting market segments.

www.cigniti.oom | Unsolicited Distribution is Restricted. Copyright © 2018 - 19, Cigniti Technologies

Financial Overview

Heading 2016 2017 2018 H1FY19

Revenue from ops (INR M) 5,948 6,193 6,933 3,997

Revenue from ops (SM) 90 94 108 58.81

Total expenses 4,969 6,744 6,612 3,338

EBITDA 979 —219* 524 653

EBITDA Margin 16.5% -3.6% 7.5% 16.3%

Customers

A strong client base of 200+

Active Customers

(£325:

mm.N w

@ .. §APPDYNAMIC

"

AstraZeneca

C’?)60RYANAIR

RICOH

Bank anmerica ‘3‘ imagine change.

DSHUU

Deeply interconnected in

rich ecosystems

m

Hewlett Packard TestplqantEnterprise

~"VIQASymphony TRICENTIS

“ turnkey

MII:RI:I®FDEUE

<3) Collald\|et.

perfec’romobile

Z€PHYR

Page 5: Cignitl’€¦ · Cignitl’ Somme Quality | Assume 7‘h January, 2019 National Stock Exchange of India Ltd, BSE Limited Exchange Plaza. Sandra Kurla Complex, PJl Towers, Dalal

.- Cigniti: A Global Leader in Specialized Quality Engineering Services Clgnltl

Financial Overview Company Overview

Headquartered in Hyderabad, India, Cigniti is North America’s largest Independent QualityBusmess MEtrlCS FY2018 valuation Memcs

Engineering Services company with operations in 13 countries. It offers wide variety of QA testing

services including Testing Advisory & consulting leveraging IP (BlueSwan) for Digital transformation.#Outstanding Shares (Mn):

FY2018: 6,933 (INR Mn); 27.468

33:33:33 .NR M0 200+

°1800+ 3: 49 * 71

59 (USD'lvln)l n)

MCap (INR Mn): 12,113 . Active “P Career 0 Fortune Global

(As of 14-NOV-2018) Customers Testers 500 Customers 2000 CustomersEB'TDA MCap (USD Mn): 168

Q2FY19 (%): 18.1%

QlFY19(%): 14.5%_ _

Q4FY18 (%); 11.9% Awards 8: RecognitionsQ3FY18(%): 6.9% i

QZFY18(%): 9.2%

[r {-1 :13 s l' d."e

'

Future Leaders5 Li I 1. l \-' .'\ \ .u m . \ummimnd Ammwom

Revenues (S Mn)

150

—- 108

1%, 10090 94

g57 59

c 50 = V

g I I JQASvmphonvI I M I I: R n

g 0Hewlett Packard F n I: L! 5

2015 2016 2017 2018 H1FY19 Enterprise \) A P P DY N A M l C 5 TRICENTIS

www.cigniti.com | Unsolicited Distribution is Restricted. Copyright © 2018 — 19, Cigniti Technologies

Page 6: Cignitl’€¦ · Cignitl’ Somme Quality | Assume 7‘h January, 2019 National Stock Exchange of India Ltd, BSE Limited Exchange Plaza. Sandra Kurla Complex, PJl Towers, Dalal

.- Cigniti’s Core Service Offerings for Large Enterprise Clients C.

g.

t“Sulmmulniiilily mum

Quality Engineering and

{‘7Quality Assurance and °

V Digital and Next

5‘79}.Specialized Offerings tut Traditional Offerings “‘1' Generation Offerings a:

Performance Engineering

Service Virtualization

Test Data Management

Tools Streamlining

End to End Automation

DevOps Enablement

Test Environment Management

Resiliency and Reliability Testing

Security Testing

- FunctionalTesting

- Test Automation

- Globalization Testing

- Performance Testing

- Compatibility Testing

- Regression Testing

IoT Assurance

Cloud Assurance

Omni and Multi-Channel Testing

Robotics Automation

Mobile Testing

Customer Experience Testing

www.cigniti.com | Ursolicited Distribution is Restricted. Copyright © 2018 - 19, Cigniti Technologies

Page 7: Cignitl’€¦ · Cignitl’ Somme Quality | Assume 7‘h January, 2019 National Stock Exchange of India Ltd, BSE Limited Exchange Plaza. Sandra Kurla Complex, PJl Towers, Dalal

o 0 V

Independent Software Testing Market Overview Clgnltl

CD

- Quality Assurance & Testing Service a large market with §40 57% CAGR

healthy growth forecast through 2022 .E30 26

- Specialized Testing Services players growing faster §20

-3% CAGR

- Specialized Testing Services players amplifying differentiation E10

~through IP investments, domain specialization and AI 3

'

E 2015 2020

I Traditional Testing Servica (1T5) I Specialised Testing Services (STS)

Digital Services are growing at 15.6% CAGR and is the growth Digital Services focus on new disruptive trends and technologiesdriver of the Specialized Testing Market including Mobile, Cloud, Analytics and Big Data

A 6 5an

4.4.L”,

3 3

39+ l I E—Commerce & Mobile Apps

3 42 g

+

g 2 15% CAGR 'I Analytics, SW and Big Data

'30 0 l l Cloud Computing2014 2015 2016 2017 2018 a

*Digital Services 63)

Software Testing market is moving towards Specialized, digital, customer focused & revenue seeking clients. Cigniti is also growing in that direction

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Page 8: Cignitl’€¦ · Cignitl’ Somme Quality | Assume 7‘h January, 2019 National Stock Exchange of India Ltd, BSE Limited Exchange Plaza. Sandra Kurla Complex, PJl Towers, Dalal

o o J

.- Why Independent Software Testing Services — Views from Leading Global Analysts Clgnltl

Gartner FORRESTER"- STS Providers offers clients independence and ability to deliver - Addresses the inherent conflict of interest between

the full life cycle of testing services development and testing activities, ensuring appropriate rigor- Work on deals ranging from only a few to several hundred full- in the testing process.

time equivalents working on a project. - View software with a critical eye and ensure the highest- Good fit for specialist skills, industry- specific skills and their quality of customer-facing applications

flexible & nimble approach.

.flfléfl merest Group"From insight to action

- Client spending transfers from TTS to STS

- Demand for STS Has Expanded to Multi-Year

Contracts and to "Shift-Left”

- Clients are looking for Third-Party-Certification for

Compliance

Gartner_

Flexibility and Expertise to support our evolving needs Quick implementation with value realization. Need to ensure Great leaderShiP and tail" members. Highly recommend“ for

peer .7

, my. .3. : ,ng MW.“ ,I ; ,3”, scoping is done right. independentlesting services

“the Reviewer Role .

g

‘, . 7‘ , '

,3; 1/5

7 5"“75” ‘ll ‘1'” :3“: if)“ " " ll“e

'

:v 1.19:6} New" .m- w out‘ '

Mar 27, 2mg Sourcrng. Procuremenrano Vendor I. , gt". Reviewer no“;

Management *m ReviewerRoIeJun 20‘ 2017 REDJPmdum Development

Feb 28,2017 Apphcafions

- Testing as a service offers a variety of benefits, including

pay-per-use, which saves on investment in expensivetools & infrastructure and experts, and access to

specialized skill sets to deal with complex problems

www.cigniti.com | Unsolicited Distribution is Restricted. Copyright © 2018 - 19, Cigniti Technologies

Page 9: Cignitl’€¦ · Cignitl’ Somme Quality | Assume 7‘h January, 2019 National Stock Exchange of India Ltd, BSE Limited Exchange Plaza. Sandra Kurla Complex, PJl Towers, Dalal

Sullumn (1mm Assmml

o o J

.- Global Software Testing Market Share —

Companies (TTS+STS) Clgnltl

Rank Vendor

1 Accenture

2 Cognizant

3 IBM

3 TCS

5 Capgemini

5 NTT DATA

5 Wipro

8 Infosys

9 Atos

10 Tech Mahindra

11 HCL Tech

12 CSC

12 HPE

12 CGI

15 SQS

15 Amdocs

16 Qualitest

17 Cigniti

Est. 2015 Global STS Revenues (SM)

1,900

1,750

1,400

1,400

900

900

900

825

650

550

500

400

400

400

350

350

200

93 (108)

Market Share

9

9

0.5

www.cigniti.com | Unsolicited Distribution is Restricted. Copyright ©2017 - 18. Cigniti Technologies

Market Dynamics & Shift from TTS to STS

- Top 15 Vendors : 73% of Market Share- 13.5 Billion S- Other vendors : 23% of Market share : 4.9 Billion $- Cigniti Stands 3rd in STS, Pure-plays by revenue and 2nd

by headcount

- Client spending transfers from TTS to STS; as a result,

TTS declines year after year, while multi-year SLA-

based contracts drive growth.

nHallSource: Nelson Hall Software Testing Sen/ices Assessment

& Forecast, July 2016

Page 10: Cignitl’€¦ · Cignitl’ Somme Quality | Assume 7‘h January, 2019 National Stock Exchange of India Ltd, BSE Limited Exchange Plaza. Sandra Kurla Complex, PJl Towers, Dalal

Snllware Ouflllly Assured

o o J

.- Market Share of Independent/Specialised Software Testing Services Companies Clgnltl

SQS, QualiTest and Cigniti Lead STS Pure-Plays, followed by Two .MF

New Top 5 Entrants: Applause and Oleka- Cigniti Stands 3rd in STS, Pure-plays by revenue

Rank VendorEst. 2015

GlolgalS'I'S Revenues

Market Share (9‘) i and 2nd by headcount

SOS pr

(

"1,400 2

- Client spending transfers from TTS to STS; as a

1 * SQShctuals) 350 2 :result, TTS declines year after year, while multi-

2 mama“ 200 1 year SLA-based contracts drive growth.a Cigniti so (108) 0(0-5) - STS will account for 60% of testing services

4 * Applause 75 0 i spending globally by 2020, mostly fuelled by5 o'emcmmwa‘“ 4° 0

continued transfer from TTS to STS6 Planit 35 0

7 MTP 30 0

= Inspearit 30 0

8 Maveric Systems 25 O

9 0A Infotech 22 0

*10 Imbus 20 0 Strong PE Acquisition interest in= “"5 2° 0

Independent software testing companies.Totaltop 10 1,327 7

Total pure-plays 17,238 93

Total vendors/market spending 18,565 100

dominique.raviart@ne|son-hall.com3) 7016 tn Nulxa'itm! Nelsor-H.‘ I Prop'rcmw — “lot lor Gifilribqi on w from pt'wruron 42

nHallSource: Nelson Hall Software Testing Services Assessment

& Forecast,July 2016

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Page 11: Cignitl’€¦ · Cignitl’ Somme Quality | Assume 7‘h January, 2019 National Stock Exchange of India Ltd, BSE Limited Exchange Plaza. Sandra Kurla Complex, PJl Towers, Dalal

.- Cigniti Recognized as a ’Leader’ by Leading Industry Bodies Clgnltl

Cigniti recognized as a ’leader’ by NelsonHall in overall Software Testing

Competitive Landscape. Also, it believes that the future of software testing

industry is about complementing testing tools with proprietary IP & platforms

Gartner positioned Cigniti as a ”Niche Player" among 300 companies in the

Application Testing Services market for 3 years in a row

Software Testing

-"M" Overall

High Adlievers Leaders

,c ‘ni0

.Accenm Q 'f-‘W

Tet ara , I

. In Catalan in run

V" rll

Cfirnz‘d'lnew mm o.

Cqurlu.

E TNh Mama.. ”3"" "'

a ‘W 0

g‘

OEg ”‘n'.{‘-,\.

Tniu- u)- . .U-flk-"r

% r~ .Kv‘w m; 'ttl'flwhfi

E '. .l-l'r or at (a l.a

A ‘,

I71 ll.

=> M l onu ‘

E“

A

w

.—

Duu

Hw

uv—

>.—

Major Players innovators 3

Abllllv us meet future client requirements a .

'

COMPLUENESS or VISION . > As oi November 201 ‘I C.- Gailnen. Inc

Source: NEAT report for Software Testing, 2016 - Nielson Hall; 2017 Gartner Magic Quadrant for Application Testing Services, Worldwide

www.cigniti.com i Unsolicited Distribution is Restricted. Copyright© 2018 - 19, Cigniti Technologies

Page 12: Cignitl’€¦ · Cignitl’ Somme Quality | Assume 7‘h January, 2019 National Stock Exchange of India Ltd, BSE Limited Exchange Plaza. Sandra Kurla Complex, PJl Towers, Dalal

.- Cigniti Recognized as a ’Leader’ by a Leading Industry Bodies — 2 091'“

Forrester placed Cigniti as a ”Strong Performer” on a 29 point criteria.

Forrester analyses 11 most relevant players in the Continuous Testing

Services Market

Everest Group, for the 4th consecutive year, has positioned Cigniti as the

'Major Contender' in Everest Group PEAK Matrix'“, 2018.

Strong_ _

Challengers Contenders Performers Leaders EVEI'ES’E Group Enterprise QA Serwces PEAK MatrixTM Assessment 2013:

smng‘

'

Quality Assurance to Brand Assurance: AI Driving the Evolution

A

o Leaders 0 Major Contenders "

Aspirants f} Star Performers

Hexaware Technologies 0 High

3Major Contenders “314°"

61

Cigniti TechnologiesO E AccenTtErg =‘5‘ ca no i o lnl'osys

LTl OG Syntel 4.:E

pig-em ' --------

Cftfirrent J“ O Atos#1 E

o erin ~ g. .

9 MIT TechnologiesE E oxc Technology .

4;, t.s: E

E 3G Quali'l'est 5 E

3;5

Market presence EE

- @QQO Full vendor participation

Weak. 3, ‘o

‘e l“ Incomplete vendor partrcrpation Lawmm" and “Patna“,

High

(Measures ability to deliver semces successmlry)Weak Strategy

e

Strong

Source: Forrester’s Continuous Testing Service Providers, Q3 2017; Everest’s report on PEAK Matrix” for Independent Testing Services, 2018

www.cigniticom | Unsolicited Distribution is Restricted. Copyright © 2018 - 19, Cigniti Technologies

Page 13: Cignitl’€¦ · Cignitl’ Somme Quality | Assume 7‘h January, 2019 National Stock Exchange of India Ltd, BSE Limited Exchange Plaza. Sandra Kurla Complex, PJl Towers, Dalal

o c J

CIgnItIEnterprises in High Spend Domains ».-Cigniti: A Quality Engineering and Testing company focusing on Large Global

Strategic Focus

Cigniti has a client base of 242 with 50+ Fortune 500 customers and 24 USD Mn

dollars account

Cigniti primarily works in high spend and mission critical domains such as ISV,

BFSI, Travel & Hospitality, Healthcare & Life Sciences and Retail & E-commerce

Focus on digital which demands better Speed to Market, Higher Customer

Centricity and Higher Speed to Value

Over 30 of Cigniti’s large clients use its Next Generation Testing Platform -

BlueSwan, capable of serving clients across domains - to achieve growth throughIP led Software Services

Focus on operational excellence resulting in reduction of cost has led to

expansion of margins

www.cigniti.com | Ursolicited Distribution is Restricted. Copyright © 2018 - 19, Cigniti Technologies