L&T Technology Services Limited

L&T Business Park, TC 2 Tower B,

Second floor, North East Wing,
Gate no.5, Saki Vihar Road,
Powai, Mumbai – 400072
www.ltts.com

September 2, 2021

National Stock Exchange of India Limited The BSE Limited

Exchange Plaza, Bandra-Kurla Complex Phiroze Jeejeebhoy Towers,
Bandra (East), Mumbai – 400 051. Dalal Street, Mumbai- 400001
NSE Symbol: LTTS BSE Script Code: 540115

Sub:- Investor Presentations

Ref: Our letters dated August 2, 2021 and September 1, 2021

Dear Sirs,

This has reference to our letters dated August 2, 2021 and September 1, 2021. Pursuant to
Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we
are enclosing herewith a copy of the Investor Presentations of the virtual Investor/Analyst Day
held today, i.e. September 2, 2021 which will also be available on the website of the Company
(www.ltts.com/investors).

Please take the above intimation on record and kindly acknowledge the receipt of the same.

Thanking You,

Yours sincerely,
For L&T Technology Services Limited

Kapil Bhalla
Company Secretary
(M.No. F3485)

Registered Office: L&T House, N. M. Marg, Ballard Estate, Mumbai - 400 001. INDIA, Tel: +91 22 6752 5656 Fax: +91 22 6752 5893
CIN : L72900MH2012PLC232169

L&T Technology Services is a subsidiary of Larsen & Toubro Limited

 Keynote Address

Amit Chadha
Chief Executive Officer
& Managing Director

INVESTOR & ANALYST DAY (IAD) 2021

DISCLAIMER
This presentation is issued by L&T Technology Services Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial
situations and needs of any particular person. This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any
offer to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with,
any contract or commitment therefor. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and
if given or made, such information or representation must not be relied upon as having been authorized by any person.

This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including,
but not limited to, statements about the strategy for growth, business development, market position, expenditures, and financial results, are forward looking statements.
Forward looking statements are based on certain assumptions and expectations of future events. This presentation should not be relied upon as a recommendation or forecast
by the Company. Please note that the past performance of the Company is not, and should not be considered as, indicative of future results. The Company cannot guarantee that
these assumptions and expectations are accurate or will be realised. The actual results, performance or achievements, could thus differ materially from those projected in any
such forward-looking statements. The Company does not undertake to revise any forward-looking statement that may be made from time to time by or on behalf of the
Company. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward looking statements.

This presentation may not be copied or disseminated, in whole or in part, and in any manner or for any purpose. No person is authorized to give any information or to make any
representation not contained in or inconsistent with this presentation and if given or made, such information or representation must not be relied upon as having been
authorized by any person. Failure to comply with this restriction may constitute a violation of applicable laws.

The information contained in these materials has not been independently verified. None of the Company, its Directors, Promoter or affiliates, nor any of its or their respective
employees, advisers or representatives or any other person accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors,
omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this
document or its contents or otherwise in connection with this document, and makes no representation or warranty, express or implied, for the contents of this document
including its accuracy, fairness, completeness or verification or for any other statement made or purported to be made by any of them, or on behalf of them, and nothing in this
presentation shall be relied upon as a promise or representation in this respect, whether as to the past or the future. The information and opinions contained in this presentation
are current, and if not stated otherwise, as of the date of this presentation. The Company undertakes no obligation to update or revise any information or the opinions expressed
in this presentation as a result of new information, future events or otherwise. Any opinions or information expressed in this presentation are subject to change without notice.

IAD 2021 | L&T Technology Services | www.LTTS.com 2

AGENDA

Technology Disruption in Our Day and Age

LTTS, a Reflection

Vision for Future

Strategy and Way Forward

In Summary

IAD 2021| L&T Technology Services | www.LTTS.com 3

THE HIERARCHY OF HUMAN NEEDS IS BEING REPURPOSED

Maslow’s Hierarchy of needs In a rapidly Disrupting World…

Global IoT 25 Bn
Devices 8.7 Bn
Self Actualization 0.8 Bn
2010 2020 2030E
Esteem Has Created
Industrial Robots 20 Mn
Belongingness Installed Opportunities to
121 K 465 K Scale with
Safety 2010 2020 2030E Technology
Life360 Covid Daily Cases
520 K
Physiological

Jan’20 Aug’21

IAD 2021| L&T Technology Services | www.LTTS.com Source: McKinsey, Statista, Worldometers.com 4
THE WORLD IN 2030
Benefits of connected Transportation & Tech. Technology led Healthcare New ways in Factories,
Home tech Breakthroughs Revolution Brick & Retail

71% expect
use of fully 20 Mn Robots in
electric vehicles factories
75% will use remotely
monitored devices &
voice activated appliances
51% feel they 45% will still do
will travel by Physical and co-exist
hyperloops
83% believe in personalized with Virtual shopping
preventive plans

Connected Home Tech 80% Fully Electronic Recorded

1. Energy Efficiency Systems
2. Security 4G 5G,6G 81% digital
3. Sustainable Homes technologies in
4. Home as an Office physical stores
80% Diagnostic At-Home Apps.
IAD 2021| L&T Technology Services | www.LTTS.com 5
Source: Frost & Sullivan, oxfordeconomics.com
OUR JOURNEY: THE THRUST TO PROPEL BEYOND ORBITAL VELOCITY…
Built on a Strong Foundation
FY17 FY18 FY19 FY20 FY21
Listed on
Milestones 1st $100 Mn “Best Company for
Excellence in Services”
2nd $100 Mn
Deal (Hi-Tech) For CSR Deal (O&G)
Launched Digital IACC

Footprint Auto proximity site, Security practice, Digital Engg. Center, ITAR Design Engg. Centre, Transportation COE,
Expansion Dublin, OH Jesusalem, Israel Gothenburg, Sweden Rockford, IL Munich, Germany

Acquisitions
VLSI in Bay Area Semcon in India Hi-Tech in NA

Revenue $484 Mn $580 Mn $723 Mn $786 Mn $737 Mn

EBIT 16.1% 13.0% 16.0% 16.5% 14.5%
Clientele 223 235 251 270 306
Patents 254 328 399 502 650

IAD 2021| L&T Technology Services | www.LTTS.com 6

MEASURING UP AGAINST OUR COMPETITION
Scale & Scalability, # of verticals serviced, Client spread ER&D Services Ratings 2020
Expansive
Niche

Emerging Established
Specialization, R&D practice maturity , Innovation & IP, Eco-system linkages, Customer Input
IAD 2021| L&T Technology Services | www.LTTS.com Source: Zinnov 7
WE ARE READY TO PIVOT TO OUR NEXT GROWTH TRAJECTORY…
Largest Pure-play Engineering Services Company from India

Re-affirmed
Go-forward
Strategy
5 4 Digital 57 of 100
Segments Horizontals @54% of Revenue Top Spenders as Clients Strengthened
Operating
Model

Curated
Technology
CTO office 719 Innovation Presence in
Stacks
incubating Patents Culture Key Geos
Next-Gen Solutions

IAD 2021| L&T Technology Services | www.LTTS.com 8

 Our Vision: Be amongst the
Top 5 Global Pure Play Engineering
Services Provider of choice

IAD 2021| L&T Technology Services | www.LTTS.com 9

OUR “6 DIMENSIONAL” GLIDE PATH

People Technology
03 04
Engagement Quotient
N
Customer Sustainable
02 05 Operating Model
Centricity
W E
Environmental
Industry Leading 01 06 Social &
Growth
S Governance (ESG)

Profitable, Sustainable & Inclusive Growth

IAD 2021| L&T Technology Services | www.LTTS.com 10

WE ARE INVESTING IN SIX STRATEGIC GROWTH AREAS…

EACV MedTech 5G
25% of Cars to be EV by 2025E $200 Bn by 2025E $155 Bn by 2025E

AI & Digital Products Digital Manufacturing Sustainability

$100 Bn by 2025E $475 Bn by 2025E $400 Bn by 2025E

IAD 2021| L&T Technology Services | www.LTTS.com Market estimates from: Zinnov; Goldman Sachs 11
MEDTECH: ENGINEERING HEALTHCARE FOR A BETTER TOMORROW
MedTech Offerings Next-Gen Solutions
Device Engineering Infection
• Product Design Services Management
• Software Engineering Platform
• Value Engineering
• Product Testing, Sustenance Support

Digital & Decision Support Endotrainer

• Digital Platform: Development, Customization,

Support and Manage
• Clinical Apps development
• Cloud & IoT Platform Adoption Low-cost
• Advanced Analytics Ventilator

QARA regulatory standards

• Regulatory Compliance
Chest-rAi™
• Risk Management |Complaints Mgmt. Solution
• Product Quality

IAD 2021| L&T Technology Services | www.LTTS.com 12

5G: THE NEXT FRONTIER IN RELIABLE AND FAST CONNECTIVITY
LTTS as Engineering Partner in
NPD (Device & Chip) Private Networks
• 5G Device Design & Integration • Pvt. Network Deployment Services
• 5G Chip Design • MEC Applications
IoT • Managed Services

Network Assurance Lab-as-a-Service

• Network Design & Deployment • Network Assurance, QoS across Multi-
• Service Assurance vendor Multi-technology Networks

End 2 End Test & Automation

Better mobile Critical
• E2E Testing (Chip to Cloud),
broadband services Certification support
• IntelliAgent™ for 5G

IAD 2021| L&T Technology Services | www.LTTS.com 13

THE WORLD IS EMBRACING SUSTAINABILITY, AND WE ARE READY…

Green Product
Compliance
UN Sustainable Development Goals
Renewables & Energy Light
Management Weighting

LTTS
Offerings For
The Circular
Economy

Zero Liquid Discharge Green

& Water Mgmt. Sourcing
Sustainability goals with Engineering Footprint

IAD 2021| L&T Technology Services | www.LTTS.com 14

WE CONTINUE TO SCALE SOFTWARIZATION IN PRODUCT ENGINEERING
Transition from… To… FY 22 FY 23 FY 24
Digital Twin Digital Twin, Virtual Precision Simulations

Cloudification Cloud Native, Microservices, Service Mesh

AI Embedded AI and AI enabled HW Accelerators

Automation Low Code-No Code Dev, Hyper Automation

Analytics Real Time, Intelligent, Personalized Analytics

Security Embedded Security, Security by Design, Cybersecurity Mesh

Node Based Computing Distributed Device based Computing

Standards Based Develop Strategy API Defined SW Architectures and Platforms

Edge Computing Intelligent Distributed Edge

Gesture based Interaction Gesture, Biometrics, Voicification based Interaction

Invest Build Scale

IAD 2021| L&T Technology Services | www.LTTS.com 15
EXPERIENCED AND PROVEN GLOBAL LEADERSHIP TEAM

CEO & MD

CSO
Americas & Asia Delivery
COO & WTD CFO CTO CHRO CMO Strategy
Excellence

Verticals
Sales

EU

Transportation Industrial Products Hi-Tech Plant Engg. Medical

Client
centricity India & ME

Horizontals
Digital Mfg. Digital S/w Prods. Embedded Mechanical Delivery Delivery
Large Deals Offsite NA Offsite EU

Next-Gen Competencies

IAD 2021| L&T Technology Services | www.LTTS.com 16

DEVELOPING LEADERS FOR TOMORROW

A
Affiliative Leadership
Promote positivity & Celebrate Collaboration with Teamwork

B
Build & Nurture High Performers

C
Create Technical Trailblazers
Collaborate with leading academia for Technology Leadership

IAD 2021| L&T Technology Services | www.LTTS.com 17

OUR COMMITMENT TO SOCIETY

Makeshift Hospital for Covid-19 Building Disaster Resilient Homes 24/7 Free ICU Ambulance Service

Revitalizing Parched Lands Preventive Measures for the Empowering Tribal Women
through Watershed Management Underprivileged against Cancer through Skill Building

IAD 2021| L&T Technology Services | www.LTTS.com 18

IN SUMMARY…

We have Chartered our Journey to Scale with a

6-Dimensional Glide Path…

…and aim to reach

$1Bn run rate by
Q2-Q3 FY23
&
$1.5Bn run rate in FY25
with 18% EBIT

YOU

IAD 2021| L&T Technology Services | www.LTTS.com 19

 Engaging Customers
For Profitable Growth

Alind Saxena
Chief Sales Officer - Americas & Asia

INVESTOR & ANALYST DAY (IAD) 2021

DISCLAIMER
This presentation is issued by L&T Technology Services Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial
situations and needs of any particular person. This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any
offer to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with,
any contract or commitment therefor. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and
if given or made, such information or representation must not be relied upon as having been authorized by any person.

This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including,
but not limited to, statements about the strategy for growth, business development, market position, expenditures, and financial results, are forward looking statements.
Forward looking statements are based on certain assumptions and expectations of future events. This presentation should not be relied upon as a recommendation or forecast
by the Company. Please note that the past performance of the Company is not, and should not be considered as, indicative of future results. The Company cannot guarantee that
these assumptions and expectations are accurate or will be realised. The actual results, performance or achievements, could thus differ materially from those projected in any
such forward-looking statements. The Company does not undertake to revise any forward-looking statement that may be made from time to time by or on behalf of the
Company. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward looking statements.

This presentation may not be copied or disseminated, in whole or in part, and in any manner or for any purpose. No person is authorized to give any information or to make any
representation not contained in or inconsistent with this presentation and if given or made, such information or representation must not be relied upon as having been
authorized by any person. Failure to comply with this restriction may constitute a violation of applicable laws.

The information contained in these materials has not been independently verified. None of the Company, its Directors, Promoter or affiliates, nor any of its or their respective
employees, advisers or representatives or any other person accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors,
omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this
document or its contents or otherwise in connection with this document, and makes no representation or warranty, express or implied, for the contents of this document
including its accuracy, fairness, completeness or verification or for any other statement made or purported to be made by any of them, or on behalf of them, and nothing in this
presentation shall be relied upon as a promise or representation in this respect, whether as to the past or the future. The information and opinions contained in this presentation
are current, and if not stated otherwise, as of the date of this presentation. The Company undertakes no obligation to update or revise any information or the opinions expressed
in this presentation as a result of new information, future events or otherwise. Any opinions or information expressed in this presentation are subject to change without notice.

IAD 2021 | L&T Technology Services | www.LTTS.com 2

CHANGING MARKET CONDITIONS…

CEO Survey 2021

“We have decided that we will “We increased our EV and AV
invest whatever it takes to win in investments to $27 billion from
5G” 2020 through 2025”
- Pekka Lundmark - Mary Barra
97% 71% 95% President and CEO, Nokia Chair and CEO, GM

Expect Global Expect Global Expect

Economic Growth To Technology Spend To 2021 Hiring To Be “We've increased our investments at “Shell will be shifting its long-
Be Better than 2020 Be Significantly More Than What the front-end of major product term focus from oil and gas to
Higher than 2020 They Hired In 2020 launches and surgical robots…” selling renewable energy”
- Geoffrey Martha - Ben van Beurden
Chairman & CEO, Medtronic Chief Executive, Shell

IAD 2021| L&T Technology Services | www.LTTS.com 3

…LEADING TO CHANGING CUSTOMER NEEDS…

DIGITAL ENGINEERING
Our Play Engineer Digital Products
• Connected products: Edge | Secure | Integrated
• Collaborative products: Smart IoT | DevOps| SecOps
• Intuitive products: Embedded AI| High Performance

Leverage Digital in Engineering Processes

• Asset Reliability Center
• Industrie 4.0
• AI enabled processes

LEGACY ENGINEERING
Legacy Engineering Services
• Plant Engineering
• Frugal Engineering
• Value Engineering
• NPD | Engg. Support | Manufacturing Support

IAD 2021| L&T Technology Services | www.LTTS.com 4

…GENERATING SIGNIFICANT DEMAND IN DIGITAL ENGINEERING
ER&D Spend All Data in $Bn

90
6%
75
215 20
$1.7 - 1.9 Tn 197 3% 22%

Industrial
$1.3 Tn

Transport
36 11
27 11%
2% 64 70
170 179
2020E 2023E 3%

2020E 2023E 2020E 2023E

$459 Bn

Western Europe
$833 Bn
$457 Bn
12%
615 102
North America 9%

Healthcare
APAC & Japan 440 78

Hi-Tech
423 11% 62
249 19% 45

191 1% 192 33 6% 40

2020E 2023E 2020E 2023E

Digital Engineering Legacy Engineering

IAD 2021| L&T Technology Services | www.LTTS.com Source: Zinnov ER&D Study 2021 5
“CUSTOMER CENTRICITY” CORE TO OUR INDUSTRY LEADING GROWTH

SUPER-SIZING ACCOUNTS MEGADEALS

ADJACENTS GEO STRATEGY

IAD 2021| L&T Technology Services | www.LTTS.com 6

SUPER-SIZING ACCOUNTS… 01

Solutioning with Partners 10 - 12%

+
New Client Personas

2 - 4%
Carve Outs Products/Labs/Services
+

Broaden Regions and Divisions

3 - 5%

Delivery Led Growth

Growth
IAD 2021| L&T Technology Services | www.LTTS.com 7
…FOR OUR ACCELERATED GROWTH 01
FY21 A FY24 E
50 +
- 1

- 30 - 50
6

3 20 - 30 12

17 10 - 20 20

# of Accounts $ Mn # of Accounts
IAD 2021| L&T Technology Services | www.LTTS.com 8
LANDING MEGADEALS 02
The Proven Combination

Structured
Ideation Process Scale and Velocity

Experienced Large
Deals Team Digital Transformation

Advisor & Analyst Management of Change

Relationship

Carveouts:
Alliances & Labs/Products/Functions
Partnerships

IAD 2021| L&T Technology Services | www.LTTS.com 9

ART OF WORKING WITH ADJACENTS
Disruptive
Adaptive
Conventional 03

Illustrative companies

IAD 2021| L&T Technology Services | www.LTTS.com 10

GEO STRATEGY 04

NORTH EUROPE
AMERICA JAPAN

Strengthen Proximity Centers through Expand Medical & Hi-Tech

Leadership, Local SMEs and Ecosystem Partners in Europe

IAD 2021| L&T Technology Services | www.LTTS.com 11

GROWTH IN LAST 4 QUARTERS…
YoY Growth % End User
$ Mn LTTS Sub-Vertical Spending
Q1 FY21 v/s Q1 FY22

20% TRANSPORT
AUTOMOTIVE

19% CONST. & HEAVY M/C

206
198 INDUSTRIAL
AEROSPACE
190
21%
INDUSTRIAL PRODUCTS
178 PLANT ENG
35%
171
4% HI-TECH
OIL & GAS

Organic CQGR CPG

18%
MEDICAL DEVICES HI-TECH
Q1 Q2 Q3 Q4 Q1 10%
FY21 FY22 MEDICAL DEVICES

Neutral Favorable
IAD 2021| L&T Technology Services | www.LTTS.com 12
…LARGE, MULTI-YEAR ENGAGEMENTS…

NORTH AMERICA EUROPE ROW

39*
Large Deals 72% 21% 8%

19
New Logos
40% 40% 20%

$100Mn Contract from Design and Development Partner End-to-end 5G Automation Services
Global Oil and Gas Firm For NA EV Automotive OEM Contract from Global Telecom Tier-1

*Last 4 Quarters – 5M+ Deals

IAD 2021| L&T Technology Services | www.LTTS.com 13

…AND WINS ACROSS STRATEGIC AREAS

Electric,
AI & Digital
Autonomous, MedTech 5G Sustainability
Digital Products Manufacturing
Connected Vehicles

Wins In
Big Bets* 4 1 3 7 8 -

Deals
Pipeline 16 12 5 6 7 5

*Last 4 Quarters – 5M+ Deals

IAD 2021| L&T Technology Services | www.LTTS.com 14

PREFERRED PARTNER FOR FUTURE-DRIVEN ORGANIZATIONS

TRANSPORT

8 OF TOP 10

INDUSTRIAL

7 OF TOP 10

57 HI-TECH

of Top 8 OF TOP 10
LTTS
100 R&D
HEALTHCARE
Spenders
3 OF TOP 5

PLANT
ENGINEERING

7 OF TOP 10

IAD 2021| L&T Technology Services | www.LTTS.com 15

SUSTAINABLE OPERATING
MODEL

Abhishek Sinha
Chief Operating Officer & Whole
Time Director

INVESTOR & ANALYST DAY (IAD) 2021

DISCLAIMER
This presentation is issued by L&T Technology Services Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial
situations and needs of any particular person. This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any
offer to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with,
any contract or commitment therefor. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and
if given or made, such information or representation must not be relied upon as having been authorized by any person.

This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including,
but not limited to, statements about the strategy for growth, business development, market position, expenditures, and financial results, are forward looking statements.
Forward looking statements are based on certain assumptions and expectations of future events. This presentation should not be relied upon as a recommendation or forecast
by the Company. Please note that the past performance of the Company is not, and should not be considered as, indicative of future results. The Company cannot guarantee that
these assumptions and expectations are accurate or will be realised. The actual results, performance or achievements, could thus differ materially from those projected in any
such forward-looking statements. The Company does not undertake to revise any forward-looking statement that may be made from time to time by or on behalf of the
Company. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward looking statements.

This presentation may not be copied or disseminated, in whole or in part, and in any manner or for any purpose. No person is authorized to give any information or to make any
representation not contained in or inconsistent with this presentation and if given or made, such information or representation must not be relied upon as having been
authorized by any person. Failure to comply with this restriction may constitute a violation of applicable laws.

The information contained in these materials has not been independently verified. None of the Company, its Directors, Promoter or affiliates, nor any of its or their respective
employees, advisers or representatives or any other person accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors,
omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this
document or its contents or otherwise in connection with this document, and makes no representation or warranty, express or implied, for the contents of this document
including its accuracy, fairness, completeness or verification or for any other statement made or purported to be made by any of them, or on behalf of them, and nothing in this
presentation shall be relied upon as a promise or representation in this respect, whether as to the past or the future. The information and opinions contained in this presentation
are current, and if not stated otherwise, as of the date of this presentation. The Company undertakes no obligation to update or revise any information or the opinions expressed
in this presentation as a result of new information, future events or otherwise. Any opinions or information expressed in this presentation are subject to change without notice.

IAD 2021 | L&T Technology Services | www.LTTS.com 2

OUR OPERATIONAL EXCELLENCE STORY OVER THE YEARS*…

UTILIZATION OFFSHORING C&B GROSS MARGIN

(% of Revenue)

79.2% 58.1% 33.4%

75.1% 50.8%
720 29.1%
BASIS POINTS

INNOVATION LABS NET PROMOTER

PATENTS GENDER DIVERSITY
SCORE
69
719
38
254 1810 330
BASIS POINTS BASIS POINTS

*From Q1 FY18 to Q1 FY22

LTTS recognized as ''Best Company for Excellence in Services'' by Indo-American

IAD 2021| L&T Technology Services | www.LTTS.com Chamber of Commerce 3
… FOUNDED ON THE 4 TENETS OF “ENGINEERING THE CHANGE”

CUSTOMER DELIVERY
TECHNOLOGY 02 EXCELLENCE
CELEBRATION 01

ENGINEERING
THE CHANGE

SYSTEMS TALENT
COGNITION INVESTMENT
04 03

US-based TITAN Business Awards 2021 recognized LTTS as the

IAD 2021| L&T Technology Services | www.LTTS.com Most Innovative Company of the Year 4
WE BELIEVE IN CELEBRATING TECHNOLOGY EVERYDAY … 01

INNOVATION PROGRAMS

EACV MedTech 5G

AI & Digital Products Digital Mfg. Sustainability

TECHNOLOGY PARTNERSHIPS STRUCTURED INVESTMENTS

Futuristic Technology R&D Projects Systems

CII recognized LTTS as one of the most innovative Indian companies in the Services
IAD 2021| L&T Technology Services | www.LTTS.com category in the ‘Large Enterprises’ segment 5
… AND CREATING CUSTOMER VALUE VIA CROSSPOLL!NNOVATION 01

TRANSPORTATION PLANT
INNOVATION BREWING @ LTTS ENGINEERING
INDUSTRIAL PRODUCTS HI-TECH MEDICAL

5G TCU Testing from our Hi-Tech Battery operated Autonomous Welding Annotation Technology from
Segment for a Transportation Robot from Industrial Products for a Transportation being used for
Customer Plant Engineering manufacturer Imaging Medical Radiology

69 INNOVATION LABS 719 PATENTS

BIG Innovation Awards, USA recognized LTTS as the winner in the “Product” Category for its
IAD 2021| L&T Technology Services | www.LTTS.com
innovative healthcare and smart campus solutions: Chest-rAi™ & i-BEMS™, 2021 6
WE ARE PRIMED FOR THE NEXT BIG LEAP … 02
PRACTICE – LED ORGANIZATION
• Customer Alignment
SUPERSIZED ACCOUNTS • Focused Investments
• Right Structure - Customer
Technology Officer
• LTTS <Customer> Academy LEADERS FOR TOMORROW

LARGE DEALS XTREME OFFSHORING

• Start Green, Stay Green
• Next - Gen Governance

CUSTOMER CENTRICITY

Zinnov rated LTTS as ‘Leader’ across Digital Engineering, IoT, AI and Digital
Thread, and also named LTTS as Leader in 6 major verticals for the 4th
IAD 2021| L&T Technology Services | www.LTTS.com consecutive year 7
… AS WE ENTER THE ERA OF XTREME OFFSHORING 02

PREDICTABLE QUALITY

GLOBAL INDUSTRY DIGITAL CONNECT

SPECIFIC STANDARDS FOR CUSTOMER

DELIVERY LED GROWTH EVOLVING TALENT

DEMOGRAPHICS

IDC rated LTTS as ‘Leader’ in Worldwide Business and Industrial IoT

IAD 2021| L&T Technology Services | www.LTTS.com Engineering and Managed Services 2020 8
WE ARE PREPARED FOR THE EVOLVING TALENT DEMOGRAPHICS … 03

Ph.D./Research Associate
Post-graduate
Graduate
Laterals Diploma
Freshers Current State Future State

Current State Future State

Full time Male

Contract Current State Future State Female Current State Future State
Gig

LTTS’ HR Team recognized with the 2020 Stevie Award for “Human Resources
IAD 2021| L&T Technology Services | www.LTTS.com Team of the Year: Talent Management (2020)” 9
… AS WE EMBRACE THE PARADIGM SHIFT @WFX 03

WFX

WFX Certification

Hot-Desking
WFO WFH
PROJECT MANAGER
AT THE CORE IT & HR Investments

Talent Development
200+ SECURITY

PROJECT MANAGERS CERTIFIED HOME LABS

ENGAGEMENT

LTTS has been recognized for Best Workplace Practices by Financial Express
IAD 2021| L&T Technology Services | www.LTTS.com at the BrandWagon Ace Awards 2020 10
… AND CONTINUE TO INVEST IN TALENT FOR TOMORROW 03

Global Engineering Academy (FY21 Highlights) Road Ahead: Enabling Deeper Engagement

200
Certification Programs
1,500
Graduate Trainees
Global GEA
(Democratized Learning) STEP-IN, GENESIS,
GENESIS-PRO
Joint Partnership With
Universities
2,000 70%
Org-Wide Critical Skills Laterals Upskilled Co-developing Training
Identified (Skill Matrix) STEP-UP
Programs With Customer

Systems & Tools

LTTS won The BML Munjal Awards for Business Excellence through
IAD 2021| L&T Technology Services | www.LTTS.com Learning & Development in the Private services category 11
… POWERED BY DIGITAL SYSTEMS 04

COLLABORATIVE PLATFORM FOR

ENTERPRISE
(Agility)
OPERATIONS ON MOBILE
(Flexibility)

COGNITIVE AUTOMATION
TOOLS/LIBRARY
(Productivity)

CROWDSOURCING PLATFORM
(Creativity)

AI DRIVEN OPERATIONS
(Predictability)

LTTS’ AI-based framework AiKno® recognized with the annual IMC Digital Technology
IAD 2021| L&T Technology Services | www.LTTS.com Awards, in the Smart-Tech Award 2021 12
SO, WHAT IS SPECIAL ABOUT WORK @LTTS?
LEARNING & NEXT-GEN
LEADERSHIP CAREER
EMPLOYEES ENGINEERING THE
17,000 CHANGE Multi-Dimensional
Technocrats

CROSSPOLL!NNOVATE TECH
WE CARE
INVESTMENTS
Innovation Labs, Employee
1ST EXPERIMENT & Wellbeing
EXPLORE Futuristic
CITIZENSHIP Technology

Pure-Play Engineering

NASSCOM honored LTTS with the Engineering and Innovation Excellence

IAD 2021| L&T Technology Services | www.LTTS.com Awards 2021 in the ‘Engineered-In-India Product of the Year’ category for 13
Robotic Endotrainer Kit
OUR OPERATIONAL EXCELLENCE JOURNEY…..AS WE WIN IN THE TURNS

CUSTOMER DELIVERY
Pyramid Diversity
EXCELLENCE
Tech
Utilization Quotient
Digital
Offshoring Systems
TECHNOLOGY TALENT
CELEBRATION INVESTMENT WFX

SYSTEMS COGNITION
GROSS MARGIN (%)

35%

30%
33.4%

25%

20%
Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22

IAD 2021| L&T Technology Services | www.LTTS.com #EngineeringTheChange 14

 ELECTRIC AUTONOMOUS
CONNECTED VEHICLES (EACV)

Shailendra Shrivastava Seema Ghanekar

Global Delivery Head Global Delivery Head
Transportation Industrial Products

INVESTOR & ANALYST DAY (IAD) 2021

DISCLAIMER
This presentation is issued by L&T Technology Services Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial
situations and needs of any particular person. This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any
offer to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with,
any contract or commitment therefor. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and
if given or made, such information or representation must not be relied upon as having been authorized by any person.

This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including,
but not limited to, statements about the strategy for growth, business development, market position, expenditures, and financial results, are forward looking statements.
Forward looking statements are based on certain assumptions and expectations of future events. This presentation should not be relied upon as a recommendation or forecast
by the Company. Please note that the past performance of the Company is not, and should not be considered as, indicative of future results. The Company cannot guarantee that
these assumptions and expectations are accurate or will be realised. The actual results, performance or achievements, could thus differ materially from those projected in any
such forward-looking statements. The Company does not undertake to revise any forward-looking statement that may be made from time to time by or on behalf of the
Company. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward looking statements.

This presentation may not be copied or disseminated, in whole or in part, and in any manner or for any purpose. No person is authorized to give any information or to make any
representation not contained in or inconsistent with this presentation and if given or made, such information or representation must not be relied upon as having been
authorized by any person. Failure to comply with this restriction may constitute a violation of applicable laws.

The information contained in these materials has not been independently verified. None of the Company, its Directors, Promoter or affiliates, nor any of its or their respective
employees, advisers or representatives or any other person accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors,
omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this
document or its contents or otherwise in connection with this document, and makes no representation or warranty, express or implied, for the contents of this document
including its accuracy, fairness, completeness or verification or for any other statement made or purported to be made by any of them, or on behalf of them, and nothing in this
presentation shall be relied upon as a promise or representation in this respect, whether as to the past or the future. The information and opinions contained in this presentation
are current, and if not stated otherwise, as of the date of this presentation. The Company undertakes no obligation to update or revise any information or the opinions expressed
in this presentation as a result of new information, future events or otherwise. Any opinions or information expressed in this presentation are subject to change without notice.

IAD 2021 | L&T Technology Services | www.LTTS.com 2

SOFTWARE DRIVEN CAR: FUTURE OF MOBILITY
Focus on component development & integration
OEM as the integrator working with Tier-1s

Interior BIW Powertrain

OEMs focusing at owning SW/ Stacks & influencing Semicons SoC designs
Exterior Chassis Electronics

Autonomous Electrification Connected Shared

IAD 2021 | L&T Technology Services | www.LTTS.com 3

OUR STRATEGY & CREDENTIALS

Electrification Connected Autonomous

Market Size $ 129 B 2025 Market Size $ 32 B 2025 Market Size $7B 2025

• End-end component capability • Integrated next-gen • AI/ ML driven perception &

digital cockpit vehicle control
• Systems engineering
• 5G & C-V2X • Data management &
• Light weighting & Thermal
annotation
management • Consumer device integration
• Sensor fusion and Data
• Energy management • Connected car big data services
analytics

IAD 2021 | L&T Technology Services | www.LTTS.com 4

OUR ELECTRIC VEHICLE PLATFORM JOURNEY

EV 1.0
Front wheel drive gear
Integrated powertrain box & differential
architecture
Integrated inverter
& converter (IIDD)

Grid DC fast Integrated Modular

charger (V2G) E-axle battery pack

BLDC Motor Industrial Grade EV Reusable Rapid prototyping DAB technology –

40KM Range components simulation suite Integrated power
(60 Nm, 20 kW ) Components design conversion

Integrated converter and motor Battery

control platform management controller
IAD 2021 | L&T Technology Services | www.LTTS.com 5
INVESTING IN INNOVATION: STATE-OF-ART ELECTRIC VEHICLE TESTING LAB

Components we test Testing solutions we provide

e-Motors E-Chargers Performance Testing

Inverters Battery Functional Testing

DC-DC Converters Endurance Testing

IAD 2021 | L&T Technology Services | www.LTTS.com 6

OFF-BOARD CHARGING INFRASTRUCTURE

PV + Battery + EV Charging
50 kWh Setup in Vadodara Multi-source energy input Optimized hybrid Fast
(Solar/Grid/Fuel cell) energy controller charging

1. Solar Energy Cloud

Infrastructure

4. Hydrogen Energy DB
Payment
Gateway
2. Stored Energy

CMS (UI)

EV-EVSE Communication Mobile

To Street-lights, To Inverter Protocol Application
ACs, Spare From Grid
3. Grid Supply

IAD 2021 | L&T Technology Services | www.LTTS.com 7

CONNECTED & DIGITAL COCKPIT PLATFORM
Key Drivers
5G enabled next gen digital
cockpits with multiple displays

Voicification for driver and

passenger interactions
Advanced UI/ UX Over the air ADAS/AD Integrated EV

Key features
Car applications to manage
and monitor all functions

Connected Patented Bluetooth Camera based Alexa 5G/4G

car multi- casting gesture control integration telematics
Cloud based data analytics and
monetization

Connected car mobile apps

IAD 2021 | L&T Technology Services | www.LTTS.com 8

AUTONOMOUS DRIVE PLATFORM

Traffic sign recognition Object detection & classification

using monocular camera

Unified framework for multiple ADAS Driver monitoring systems

applications

Mechatronics – Precise controls for Automatic emergency braking

mechanical components

IAD 2021 | L&T Technology Services | www.LTTS.com 9

THE DRIVE AHEAD

Develop Innovest Engage

Competencies Eco-System

Redefine Velocity
Skillset

D R I V E

IAD 2021 | L&T Technology Services | www.LTTS.com 10

Digital Manufacturing Services
Roadmap and Investments

Prabhakar Shetty
Global Head
Digital Manufacturing Services

INVESTOR & ANALYST DAY (IAD) 2021

DISCLAIMER
This presentation is issued by L&T Technology Services Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial
situations and needs of any particular person. This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any
offer to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with,
any contract or commitment therefor. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and
if given or made, such information or representation must not be relied upon as having been authorized by any person.

This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including,
but not limited to, statements about the strategy for growth, business development, market position, expenditures, and financial results, are forward looking statements.
Forward looking statements are based on certain assumptions and expectations of future events. This presentation should not be relied upon as a recommendation or forecast
by the Company. Please note that the past performance of the Company is not, and should not be considered as, indicative of future results. The Company cannot guarantee that
these assumptions and expectations are accurate or will be realised. The actual results, performance or achievements, could thus differ materially from those projected in any
such forward-looking statements. The Company does not undertake to revise any forward-looking statement that may be made from time to time by or on behalf of the
Company. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward looking statements.

This presentation may not be copied or disseminated, in whole or in part, and in any manner or for any purpose. No person is authorized to give any information or to make any
representation not contained in or inconsistent with this presentation and if given or made, such information or representation must not be relied upon as having been
authorized by any person. Failure to comply with this restriction may constitute a violation of applicable laws.

The information contained in these materials has not been independently verified. None of the Company, its Directors, Promoter or affiliates, nor any of its or their respective
employees, advisers or representatives or any other person accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors,
omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this
document or its contents or otherwise in connection with this document, and makes no representation or warranty, express or implied, for the contents of this document
including its accuracy, fairness, completeness or verification or for any other statement made or purported to be made by any of them, or on behalf of them, and nothing in this
presentation shall be relied upon as a promise or representation in this respect, whether as to the past or the future. The information and opinions contained in this presentation
are current, and if not stated otherwise, as of the date of this presentation. The Company undertakes no obligation to update or revise any information or the opinions expressed
in this presentation as a result of new information, future events or otherwise. Any opinions or information expressed in this presentation are subject to change without notice.

IAD 2021 | L&T Technology Services | www.LTTS.com 2

DIGITAL MANUFACTURING TRANSFORMATION

Current State of Adoption

Scaled and mature I4.0 adoption Early stages of adoption/

5% across the enterprise 23% exploring the potential of I4.0

Implemented in parts of the Not thinking of adopting any

24% organization (siloed operations) 14% Industry 4.0 initiative

34% Invested in pilot projects

- Everest Group Strategy Workshop on Industry 4.0, 2021

IAD 2021 | L&T Technology Services | www.LTTS.com 3

DIGITAL MANUFACTURING TRANSFORMATION

Market Opportunity

Global Business
Industry 4.0 spend

In-house Outsourced
80-85
Billion USD, 2019
Spending Spending

~90-92% ~8-10%

15-16%
Forecasted CAGR

Operations After-sales Logistic

37% 25% 19% 11% 8%

Design & Development Procurement

- Everest Group Strategy Workshop on Industry 4.0, 2021

IAD 2021 | L&T Technology Services | www.LTTS.com 4

DIGITAL MANUFACTURING TRANSFORMATION

Physical to Digital
Business/Top floor
Customers

Engineering
(Design and Mfg.Engg)

Design Retire

Supply Chain Manufacturing

Technology
(S&OP, MRP, PP, APS)
(MES & SCADA)

Suppliers Automation/Shop Floor

Enabling Technologies
Digital Cloud/Edge
IIoT AR/VR AI/ML Simulation
Twins Computing

IAD 2021 | L&T Technology Services | www.LTTS.com 5

SERVICING THE VALUE CHAIN

Manufacturing & Manufacturing

Product Design Test & Validation Supply Chain After Market
Planning Execution

3D Design Mfg. Process Digital Factory KPI & Decision Content Mgmt. &
MES
Digital Mock-up Simulation Modelling Support Dashboard Publication
SERVICES/SOLUTIONS

Process/Line Industrial Automation Engineering

Virtual Analysis & Simulations ETO/CTO
Simulation (OT, PLC/SCADA) Information Mgmt.

Rapid Prototyping, Advanced Mfg., Real Time Analysis & Manufacturing Engineering Process
Product Lifecycle
Tools & Fixtures Intelligence Support

EAM
3D Visual Aids, Material & Parts Service Lifecycle
CAD/CAx Tools/Framework
Operator Training Tools Mgmt. Mgmt.
Services

DIGITAL TRANSFORMATION SERVICES (DTS)

Product Lifecycle Enterprise Manufacturing Integrated Asset Integrated Content Engineering Process
Management Management Management Management Services

IAD 2021 | L&T Technology Services | www.LTTS.com 6

UNLOCKING VALUE USING NEW AGE TECHNOLOGIES

Product & Process Manufacturing &

Ideation/Design Services
Development Operations
Cognitive

Product Insights & CAD & PLM Factory Insights EAM Asset Insights
Intelligence /EMI & Intelligence
Operational

Operations Digital work

Twin Instructions

Engineering – Collaborative Digital Project Product

Optimization Design Review Delivery Information
Plant Factory
Networks Next
Foundational

Manufacturing Connected Edge Managed Services

UALM
Simulation Machines Computing with Cyber Security

Cloud AR/VR Analytics (EMI) Digital Twin 5G/IIoT

IAD 2021 | L&T Technology Services | www.LTTS.com 7

OUR FOCUS…

Engineering Digital Twin IIoT Based Enterprise

Applications Cloud Mfg. Intelligence (EMI)
Contextual Digital Twin:
• Design Cloud Engineering, operation and Design, factory & asset insights
• Manufacturing Cloud performance: • Manufacturing Service Bus
• Services Cloud • Design Twin • Predictive
• FactoryNext Framework • Operations Twin • Prescriptive
• Service Twin

IAD 2021 | L&T Technology Services | www.LTTS.com 8

READY SOLUTIONS: ACCELERATE INDUSTRY 4.0 ADOPTION

Product Lifecycle Asset Reliability Manufacturing Operations & Services

Asset Reliability Center

DFx - Design For Asset Data Advisory Condition Based Energy & Sustainability
iConfigure Paperless Operations
Excellence (ADA) Maintenance (CBM) Manager

uALM (Unified Spare Parts

Maintenance, Reliability Golden Batch/ Batch
Application Lifecycle Labelling Management Management & Digi-serve
And Integrity (MRI) Manager
Management) Governance (SMG)

Overall Equipment Asset Condition Product Catalogue &

Digital Twin
Effectiveness (OEE) Monitoring (ACM) Data Management

IAD 2021 | L&T Technology Services | www.LTTS.com 9

DELIVERING VALUE

Cloud Based Plant Asset Management

Paperless Factory Platform for an
for CPG Major Automotive Giant

Digital Twin for Energy and

Industrial Products Sustainability Manager
Manufacturer for F&B Major

IAD 2021 | L&T Technology Services | www.LTTS.com 10

 DIGICAL is here!
Products = AI + Digital + Physical

Nitin Jain
Global Head
Digital Products & Services

INVESTOR & ANALYST DAY (IAD) 2021

DISCLAIMER
This presentation is issued by L&T Technology Services Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial
situations and needs of any particular person. This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any
offer to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with,
any contract or commitment therefor. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and
if given or made, such information or representation must not be relied upon as having been authorized by any person.

This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including,
but not limited to, statements about the strategy for growth, business development, market position, expenditures, and financial results, are forward looking statements.
Forward looking statements are based on certain assumptions and expectations of future events. This presentation should not be relied upon as a recommendation or forecast
by the Company. Please note that the past performance of the Company is not, and should not be considered as, indicative of future results. The Company cannot guarantee that
these assumptions and expectations are accurate or will be realised. The actual results, performance or achievements, could thus differ materially from those projected in any
such forward-looking statements. The Company does not undertake to revise any forward-looking statement that may be made from time to time by or on behalf of the
Company. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward looking statements.

This presentation may not be copied or disseminated, in whole or in part, and in any manner or for any purpose. No person is authorized to give any information or to make any
representation not contained in or inconsistent with this presentation and if given or made, such information or representation must not be relied upon as having been
authorized by any person. Failure to comply with this restriction may constitute a violation of applicable laws.

The information contained in these materials has not been independently verified. None of the Company, its Directors, Promoter or affiliates, nor any of its or their respective
employees, advisers or representatives or any other person accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors,
omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this
document or its contents or otherwise in connection with this document, and makes no representation or warranty, express or implied, for the contents of this document
including its accuracy, fairness, completeness or verification or for any other statement made or purported to be made by any of them, or on behalf of them, and nothing in this
presentation shall be relied upon as a promise or representation in this respect, whether as to the past or the future. The information and opinions contained in this presentation
are current, and if not stated otherwise, as of the date of this presentation. The Company undertakes no obligation to update or revise any information or the opinions expressed
in this presentation as a result of new information, future events or otherwise. Any opinions or information expressed in this presentation are subject to change without notice.

IAD 2021 | L&T Technology Services | www.LTTS.com 2

THE MULTIPLE DIMENSIONS OF DIGICAL

Connected Collaborative Intuitive

Alexa, dim the light Let me set the mood! Today is karaoke night!
and while you are at it, play Play Heal The World and dim I will set the temp to 23o C, heat popcorn
Heal The World the light to soothing blue! and do a mike test!

IAD 2021 | L&T Technology Services | www.LTTS.com 3

WHAT DOES THIS MEAN IN TERMS OF DIGITAL ENGINEERING SPEND?

Connected Collaborative Intuitive

• Edge Connectivity • Embedded DevOps • Smart IoT

• Cloud Optimization • High Performance Cloud • Multi Cloud
• Secure Connections • Digital Identities • AIDevSecOps
• Embedded AI • Explainable AI • General AI
• Integrated CX • Touchless Interfaces • Holographic Interfaces

IAD 2021 | L&T Technology Services | www.LTTS.com 4

DIGICAL ACROSS INDUSTRIES

Connected Collaborative Intuitive

Industrial • Connected IoT • Digital Twin • Self-healing machines

Transportation • Connected Vehicles (V2C) • Autonomous Level 5 • V2V, V2I, V2P (Vehicle to
Vehicle, Infra, Pedestrians)

Healthcare • Connected Hospitals & • Autonomous Surgical • Integrated 360o Personalized

Medical Devices Robots Healthcare

Hi-Tech • 5G Edge Multi-Access • Real-Time Network • Automated Network

Orchestration Provisioning & Roll-Outs

Plant Engineering • Connected Shop Floor • Collaborative • Intuitive Shop Floors that Self-
Manufacturing Plan, Forecast & Manufacture

This work requires CHIP TO CLOUD & BACK expertise!

IAD 2021 | L&T Technology Services | www.LTTS.com 5

ENGINEERING DIGICAL - CHIP TO CLOUD & BACK

Our Areas of Specialization

Chips Devices Networks Enterprise

Engineering & Applications

Connected Connected User Connected

Products Experiences Businesses

Complex Embedded Hardware & Networks Product & Software System Integration
SoC Design Software Engineering System Development Engineering & Validation

Connected Collaborative Intuitive

IAD 2021 | L&T Technology Services | www.LTTS.com 6

OUR MASTERY OF THE 4E’S HELPS ENABLE DIGICAL

Complex Digital Design Business

Engineering Engineering Engineering Engineering
Chip, Devices, Edge, Cloud, Strong capabilities in Proven expertise in Deep understanding of
Users, Ecosystems and Digital Technologies designing world class business & specific industry
Everything In Between products domain - right context

25% 30% World’s 1st 40%

Productivity Gains for Utilities Efficiency gains through IoT Surgical Training Robot - Each Reduced effort for aerospace
Provider Platform for Smart Dispenser manipulator has 7 DoF with major thru AI-enabled meta
Monitoring camera arm data extraction

IAD 2021 | L&T Technology Services | www.LTTS.com 7

238 FRAMEWORKS - ACROSS SEGMENTS
NOW UPCOMING

Connected Autonomous Smart Electric Mobility As A

Transportation 38+ Transport Driving Vehicle Service

Medical & Remote Patient AI in Medical

Lifesciences 22+ 3D Printing
Monitoring Imaging
Digital Telemedicine

Industrial Prescriptive
Products 23+ Energy Storage Digital Twin
Maintenance
Microgrids

Plant Energy
Engineering 32+ Management
Asset Performance Worker Safety Plant Lifecycle Management

Consumer
Connected Meeting
Electronics, Media
& Entertainment
28+ OTT Apps Advertising Digital Signage OTT CMS
Rooms

Hi-Tech,
Proprietary Application Lifecycle AR Based Service 5G Based Employee
Technology, 80+ Analytics Management Transformation
Multi-Edge access
Safety
Telecom & Others

IAD 2021 | L&T Technology Services | www.LTTS.com 8

RATED AS A LEADER ACROSS NEXT-GEN TECHNOLOGIES

Digital
Thread

Internet AI
of Things Engineering

Digital Cybersecurity
Engineering

THANK YOU
IAD 2021 | L&T Technology Services | www.LTTS.com 9
Accelerating Growth and
Building Resilience

Rajeev Gupta
Chief Financial Officer

INVESTOR & ANALYST DAY (IAD) 2021

DISCLAIMER
This presentation is issued by L&T Technology Services Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial
situations and needs of any particular person. This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any
offer to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with,
any contract or commitment therefor. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and
if given or made, such information or representation must not be relied upon as having been authorized by any person.

This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including,
but not limited to, statements about the strategy for growth, business development, market position, expenditures, and financial results, are forward looking statements.
Forward looking statements are based on certain assumptions and expectations of future events. This presentation should not be relied upon as a recommendation or forecast
by the Company. Please note that the past performance of the Company is not, and should not be considered as, indicative of future results. The Company cannot guarantee that
these assumptions and expectations are accurate or will be realised. The actual results, performance or achievements, could thus differ materially from those projected in any
such forward-looking statements. The Company does not undertake to revise any forward-looking statement that may be made from time to time by or on behalf of the
Company. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward looking statements.

This presentation may not be copied or disseminated, in whole or in part, and in any manner or for any purpose. No person is authorized to give any information or to make any
representation not contained in or inconsistent with this presentation and if given or made, such information or representation must not be relied upon as having been
authorized by any person. Failure to comply with this restriction may constitute a violation of applicable laws.

The information contained in these materials has not been independently verified. None of the Company, its Directors, Promoter or affiliates, nor any of its or their respective
employees, advisers or representatives or any other person accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors,
omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this
document or its contents or otherwise in connection with this document, and makes no representation or warranty, express or implied, for the contents of this document
including its accuracy, fairness, completeness or verification or for any other statement made or purported to be made by any of them, or on behalf of them, and nothing in this
presentation shall be relied upon as a promise or representation in this respect, whether as to the past or the future. The information and opinions contained in this presentation
are current, and if not stated otherwise, as of the date of this presentation. The Company undertakes no obligation to update or revise any information or the opinions expressed
in this presentation as a result of new information, future events or otherwise. Any opinions or information expressed in this presentation are subject to change without notice.

IAD 2021 | L&T Technology Services | www.LTTS.com 2

REVENUE PERFORMANCE 4Yr CAGR
11%
3Yr CAGR
17.5%
847 - 862
(15% - 17%)
723 786 737
580
484
$ Mn

FY 17 FY 18 FY 19 FY 20 FY 21 FY 22E

CQGR of 4.7%
197 206
190
178
171

Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22

IAD 2021| L&T Technology Services | www.LTTS.com 3

OPERATIONAL PERFORMANCE

EBIT margin
16.6% 17.3%
16.1% 16.0% 16.5% 15.2%
14.5% 13.7%
13.0% 12.1%

FY 17 FY 18 FY 19 FY 20 FY 21 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22

PAT margin 14.2%

12.6% 13.3% 13.5%
15.1% 14.6%
13.1% 13.5%
12.2% 9.1%

FY 17 FY 18 FY 19 FY 20 FY 21 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22

IAD 2021| L&T Technology Services | www.LTTS.com 4

4-PRONGED STRATEGY

Shareholder
Growth Profitability Governance
Returns
• Broad based growth & • Segmental Margin • Strategic M&A • Consistent Dividend
Diversified exposure consistency • Finance Transformation distribution
• Focused Investments to • Cost efficiencies • ESG • ROE focus
drive growth in Digital • Cash flows
Engineering

IAD 2021| L&T Technology Services | www.LTTS.com 5

 GROWTH
Broad Based Growth
4.5%
CQGR
64
54 4.3% 4.8%
CQGR
45 CQGR
7.8% 2.4%
38 40 CQGR CQGR
33 32
$ Mn

24 22 24

Transportation Telecom & Hi-Tech Industrial Products Plant Engineering Medical Devices
Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22

Diversified Revenue mix Consistent Growth in Digital Share

12% Revenue Share - Digital Engineering
31% Transportation 54%
49%
15% Telecom & Hi-Tech 40%
33%
Industrial Products 26%
Plant Engineering
13%

20% Medical Devices

# As per Q1 FY22
22% FY 17 FY 18 FY 19 FY 20 FY 21 Q1 FY22

IAD 2021| L&T Technology Services | www.LTTS.com 6

PROFITABILITY
Segmental Margin Trend
Building resilience in
31%
27% the operating model
24% 21% 22%
19%
• Leadership and governance
15% 17% structure to support faster growth
14% 12%
• Labs and tech quotient to
democratize innovation
• Continuous learning and upskilling
for talent scale-up
Transportation Industrial Products Telecom & Hi-Tech Plant Engineering Medical Devices • Higher offshoring and fresher
FY 17 FY 18 FY 19 FY 20 FY 21 intake

SGA Trend DSO Trend

SGA % of revenue DSO (Days)
108 107
13.1% 13.1% 104
12.7%
11.8%
93 92

FY 18 FY 19 FY 20 FY 21 FY 17 FY 18 FY 19 FY 20 FY 21

IAD 2021| L&T Technology Services | www.LTTS.com 7

GOVERNANCE

Strategic M&A

Focus Areas
2017 2018 2020
Auto New Tech

ISV
• VLSI/ASIC Competencies • Chip Design and Verification • 5G Network Engineering Capability
• Marquee Client Addition Competencies • Telecom Service Provider Exposure Digital
• India and Asia Client Presence Healthcare

Finance Transformation

Revamp of Automation Analytics to improve

Existing Processes for Scale Benefits Speed of Decision Making

IAD 2021| L&T Technology Services | www.LTTS.com 8

SHAREHOLDER RETURNS
Dividend Payout Trend ROE Trend
78.6 35%
74.1 30% 31%
63.3
49.6 21%
INR/share

42.1
16.0 21.0 21.0 22.0
7.0

FY 17 FY 18 FY 19 FY 20 FY 21 FY 18 FY 19 FY 20 FY 21
EPS DPS FY 18 FY 19 FY 20 FY 21

Market Cap. (INR Cr) Returns Since LTTS IPO#

41,178 351%

27,878 233%

12,659 16,353
12,136 94%
7,918

FY 17 FY 18 FY 19 FY 20 FY 21 Today # NIFTY NIFTY IT LTTS

# As of 31-Aug-2021 # Returns over the period 23-Sep-2016 (LTTS listing date) to 31-Aug-2021

IAD 2021| L&T Technology Services | www.LTTS.com 9

DIFFERENTIATORS

Engineering
DNA
We aim to reach
$1Bn run rate by
Multi-Domain Expertise
Enabling Crosspoll!nnovation Q2-Q3 FY23
&
$1.5Bn run rate in FY25
Engineering Scale Marquee Customer Base &
Strategic Partnerships with 18% EBIT

Large Deal
Track Record
YOU
Strong Balance Sheet for
Strategic Investments

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