DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657

14 September 2018

The Manager, Listing The Manager, Listing

BSE Limited The 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 Sir/Madam,

Sub: Intimation of participation in Investor Summit

Pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Regulations”), we wish to inform you that the Company will be participating in the J.P Morgan’s India Investor Summit 2018 on Wednesday and Thursday, 19 and 20 September 2018 to be held at New-Delhi.

Please find enclosed a copy of the presentation proposed to be presented at the above said meeting in the one on one and small group investor meet sessions. The aforesaid presentation is uploaded on the website of the Company at www.mphasis.com.

We request you to kindly take the above on record as required under the aforesaid Regulations.

Thanking you,

Yours faithfully,

For Mphasis Limited

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Subramanian Narayan Vice President and Company Secretary

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DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657

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INVESTOR PRESENTATION Q1 FY19

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DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657 Enable Customers to reimagine their Digital Future by shifting anything to Cloud and power everything with Cognitive

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Customer
First
Front2Back [TM]
Modernization
Anything to Cognitive
Cloud Everything
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DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657 Mphasis at a Glance

Key Facts

M hasis at a Glance p

49%

Global Delivery Footprint and Sales Coverage

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Headcount of 22,566 []
Incorporated in 1992
Marquee clients including largest bank and insurance companies in
North America, largest publicly traded Invest. Services firm, largest UK Netherlands
Canada
logistics provider and largest commercial RE player Poland
USA Ireland Germany
52.4% owned by Blackstone [[]] , a Global Private Equity firm
Belgium Switzerland China Japan
France
Financial Strength India
Singapore
Market Cap [] Revenue [#] Cash []
$3.05 billion $1,027 million $398 million Australia
New Zealand
Geographical Split of Revenue [#] Deep domain expertise in BFSI [#] 69% of Revenue from Direct International [[#]]
Direct Others
4%
24%
India & RoW revenue 60%
primarily from
80% DXC/HP Channel
European and
American Strategic 48% 27%
4%
Customers with billing
Direct Core
6% entities abroad.
16%
54%
10% Product
3%
Portfolio
12% Direct International
Americas EMEA India RoW
BCM Insurance ITCE Emerging 69%
Digital Risk 12%
As of 30 [th] June 2018 # 12 Months ended 30 [th] Jun 2018 26%
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Incorporated in 1992
Marquee clients including largest bank and insurance companies in North America, largest publicly traded Invest. Services firm, largest logistics provider and largest commercial RE player
52.4% owned by Blackstone[[*]] , a Global Private Equity firm

69% of Revenue from Direct International[[#]]

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DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657

M phasis Turn Around Story

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268.7
270
265.3
264.1
265
260 259.7 +3.9%
256.0
255 251.6
249.8 -1.4%
250
245 242.3
239.5
240 237.0
234.5
235
230.9
228.2 229.0
230 226.5
225.3
224.5 224.1 223.5
225
221.5
220
215
210
5
Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
’13 ’13 ’14 ’15 ’15 ’15 ’15 ’16 ’16 ’16 ’16 ’17 ’17 ’17 ’17 ’18 ’18 ’18 ’18 ’19
Company Revenue in USD $M (gross)
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Transition Year 5 months adj.

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DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657 Performance Hi hli hts g g

Performance vs Index[[1]]

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Performance vs Index [[1]] Consistent track record of growth [3]
Total Returns to Shareholders in last 12 months (%) [2]
264.1 268.7
251.6
+71.9% 242.3
+37.8%
+12.5%
Jun-17 Aug-17 Oct-17 Dec-17 Feb-18 Apr-18 Jun-18 Q2'18 Q3'18 Q4'18 Q1'19
NIFTY IT NIFTY Mphasis
YoY % +8.1% +12.6% +19.2% +16.4%
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1. Indexed to 100 - As of 06/30/2017

2. Includes Dividend and Buyback; As of 06/29/2018

3. Overall Gross revenue – $ Mn

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DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657

Corporate Strategy : Bring the “T” back into IT

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‘Inverted T’ GTM Plays Customer Segments
Vertical Play
Front 2 Back
Transformation (F2B)
1. Strategic Customers
Service Transformation 2. HP/DXC Technology
(ST) Focus Geographies:
•
Americas
• Europe
3. Blackstone Portfolio
Powered by
Cloud Services
Cloud & Cognitive
4. New Client Acquisition
Horizontal Play
Cloud Cognitive
Traditional Services
Digital CX Traditional
Global Account Delivery Leadership Onsite to engage with Clients
Insurance
Retail Banking
Health Insurance
Wealth Management Emerging Verticals…
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DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657

Core Investment Thesis

1  Accelerate Direct Core - Continue to outgrow the market with a three pronged approach –
Farming Strategic Accounts
Blackstone Portfolio Opportunity
Focused Strategy for New Logos
2  Strategic Partnership with DXC/HP – Transformed relationship with four growth engines
3  Continued focus on Margin Expansion to fuel Growth
4  Strong Management team backed by an experienced Board
5 and to maximize shareholder value Strong Cash-flow Generation Optimal Cash Strategy

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DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657 1 Accelerate Direct Core : Track record of Growth driven by New Generation Services

Supported by significant wins in NewGen

Strong Direct Core Revenues

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Strong Direct Core Revenues Supported by significant wins in NewGen
Overall CAGR
34,732
Direct International Deal Wins
+13% 32,156
28,795
24,143
17%
Traditional
39%
New-Gen CAGR
FY17 TCV: FY18 TCV:
+106% yoy
+44% 61% USD 365 Mn NewGen USD 551 Mn
New-Gen
83%
FY15 FY16 FY17 FY18
% New-Gen 19% 29% 32% 40%
New Gen Traditional
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New-Generation Services contributed to 83% of total deal wins (TCV) in FY18 and 40% of Revenues in FY18

New-Generation Services contributed 44% of Direct Core revenues in Q1’19 representing a YoY growth of 54%

Note: Direct Core constituted 78% of Direct International Revenue (and 55% of Mphasis Revenue) in FY18

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DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657

Accelerate Direct Core : The Secret Sauce Fueling the Engine

Domain Strength built by…

… years of working with Marquee Customers

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Consumer Banking &
Non-BFSI
20% Mortgage • Select chosen sub-
Verticals
27%
verticals within the
BFSI sector
17% Wealth • Invested in domain
Management experts with deep
Other BFSI 25% 10% industry expertise
in chosen areas
P&C Insurance
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Strategic Accounts: Relationship Tenure 11/16 strategic clients are from BFSI verticals
10 Customer base include many industry leaders:
 Largest Bank in North America
 Largest Insurance Company in North America
5  Largest publicly traded Invest. Services Firm
 Largest Logistics Provider
1  Largest Commercial RE player
Well entrenched across multiple business lines
at customers
0-5 yrs 5-10 yrs 10+ yrs
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Go-to-Market optimized for catching Deals Upstream

Proactive Customer Management

Institutionalized Early Engagement sales process
Robust account planning for selecting early engagement areas based on spend, competition and ability to win
Onsite Global Delivery Account Leader (GDAL) works proactively with the customer to address issues in real time
Service Delivery Excellence and CSAT focus

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19%
38% Traditional
New Gen
81%
62%
FY17 FY18
Majority of proactive wins are in New-Gen areas
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Account	Ranking
Large North American Bank	# 1
LeadingInvestment Services Firm	# 1
Global Logistics Co.	# 1

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DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657

Accelerate Direct Core : Focused Strate gy for New Logo Wins

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Wealth Property and Governance,
Consumer
Management Casualty Risk and
Banking
Identified Targets and Brokerage Insurance Compliance
in select BFSI
Micro-verticals
Investment Mortgage Cards &
Life Insurance
Banking Banking Payments
Digital Technology Services
Horizontal
Capabilities with a Automation Led Ops Transformation
focus on Cloud and Cloud Cognitive
Classic AMS Transformation
Cognitive
Next Generation Infrastructure
Focus on select
USA UK Europe
Geographies
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DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657

Accelerate Direct Core : M phasis X2C2 TM - Cloud and Cognitive

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Cloud Services

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C ognitive Computing

Cloud CoE – Investing in building IP / Accelerators
End to end Services - incl Cloud Consulting, Cloud Migration (re-host, re-factor, re-purchase), Cloud Native App Dev, DevOps, Cloud Ops
Strong Cloud Partnership Network – Pivotal
Setting up a Pivotal Lab to build skillset for next generation cloud services
Case Study 1 - One of the Largest Brokerage Firms
Application development and migration using Pivotal Cloud Foundry; development of leading Robo Advisor
Case Study 2 - Largest Retail Banks in the US
Successfully transitioned middleware into micro services, enabling a faster front end at a lower cost
Case Study 3 - A Step towards Zero UI
Digital Partner of Choice of 5 Fortune 500 Companies
One of the first applications on Apple Pay
First to introduce Semantic technology to a Large NA bank
Pioneer of integrating Natural Language Interaction with Salesforce.com
Set up NextLabs
Next Angles – AI and NLP based GRC Automation platform
Deep Insights - Cognitive computing platform, which transforms enterprise decision by depth analysis of structured and unstructured data sources
Infragenie - Intelligent infrastructure automation platform that predicts, diagnoses and resolves infrastructure issues
Hypergraph -Actionable insights by bridging the gap between enterprise data and external data

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DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657

1 Accelerate Direct Core : M hasis X2C2 TM - Front to Back Transformation p

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Engagement Layer Intelligence Layer Core Systems
UX
Cognitive
Social Data &
Microservices
Analytics Core
Appification Systems
Business & Policy
Knowledge
Any Device
and APIs
Customers /
Process & Enterprise
Stakeholders NLP Context
KPI Driven UI Sentiment
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Mphasis X2C - Powered b2TM y Cloud & Cognitive

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TM
delivering chunks of business value in a timely manner Traditional
disruptive technology (X2C [[2]] ) to legacy environments Y1 Y2 Y3 Y4
: leverages technology from previous iterations to reduce F2B
Q1 Q2 Q3. Q4
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Right sized transformations delivering chunks of business value in a timely manner
Best way to introduce disruptive technology (X2C[[2]] ) to legacy environments
Reference architecture based transformation : leverages technology from previous iterations to reduce marginal cost of implementation

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DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657 1 Accelerate Direct Core : Mphasis X2C2 TM - Key Levers and Benefits

Holistic 5D approach

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CLOUD
NATIVE
› DevOps & Agile
Enablement
CLOUD › Pivotal Based App COGNITIVE
MIGRATION Development APPLICATIONS
› Automated Migration › Design Thinking
› Data Center Migration › Smart Applications
› Portfolio › Deep Learning &
Transformation FRONT Advanced Analytics
› Cloud Ops › Decision Modeling
2 BACK
TRANSFORM
COGNITIVE CLOUD
AUTOMATION INTEGRATION
› Secure iPaaS
› Robotic Process
Automation Implementation
› Ops IT › Cloud integration
Automation Gateway
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Integrated Mphasis X2C[2 TM] Benefits

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Mphasis X2C [2 ] TM
Traditional
transformation
methods
Transformation Scope
Cloud Migration Cloud & Cognitive Lab Pre Integrated
Reference Architecture Transformation Scope Cognitive Platform
Advanced Level Design Thinking
CX Analytics Framework
Partnerships Methodology
Large Implementation
DevOps Analyzer Customer 360 Platform
Experience
Cognitive Capability as a Encoded Domain
Smart App Framework
Service Architecture Knowledge Models
Business Value
Business Value
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DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657 2 Strategic Partnership with DXC/HP: Transformed Relationship with four Growth Engines

A series of corporate actions have resulted in creation of four new entities -

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Hewlett-Packard Company

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Oct 2014 (Nov 2015)
Mar 2016 (Apr 2017) Sep 2016 (Q3 2017)
Enterprise Enterprise Group Non- Core
Services Business and Core Software Software Assets
HP Inc.
Revenue: $25 bn $28 bn $4.5 bn $48 bn
Mphasis DXC/HP Channel 88% 9% 3%
Revenue Contribution:
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Mphasis is a preferred supplier to each of these four entities

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DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657

Strategic Partnership with DXC/HP: Apps Migration to Cloud

May 25[th] 2017: DXC Technology (NYSE: DXC) has named Mphasis as a new Solution Partner to transform and modernize enterprise applications for public, private and hybrid cloud.

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Focus Verticals

Banking and Financial Services
Insurance

Focus Geographies

North America
UK

Offerings

Front2Back[TM] Modernization
Applications to Cloud
• Cloud Native Apps

Client Benefits

Why Mphasis and DXC?

Faster Transformations: Rapidly capture untapped value of the cloud for mission critical and high value applications
Joint GTM track record: 10 with the year relationship Enterprise
Services business marked by successful joint wins in the market.
Lower Costs: Offer lower cost consumption-based models and automation to reduce the cost of legacy IT
Right Skills: Access to the next generation of IT skills and innovative capabilities
Impeccable Delivery: Mphasis has a NPS of 85
NextGen Offerings:
X2C[2TM] , iADMS™, Front2Back™Modernization

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DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657 3

Action plan to drive Margin Expansion to fuel Growth

Concrete steps executed...

…delivering a track record of Margin Expansion[1]

Divestment of Domestic BPO business
Stabilization and offshoring to improve margins for Digital Risk
Margin expansion through Improvements in various operating levers
Restructured people supply chain
Increased pricing power
Business model shift

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Operating Margin
16.6%
(EBIT %)
15.1%
14.6%
13.3% 12.8%
Consistent improvement in
Operating Margin profile
FY15 FY16 FY17 FY18 Q1'19
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“Digital Factory of the Future” – ensure stable margins while funding growth …

Establish best-in-class scalable delivery and operations by installing and operationalizing key medium-long term enablers (people supply chain)
Focus on structural savings – inefficiencies taken out stay out; implementation support and Results Delivery Office

Pyramid Optimization Commercial Model Automation Key Levers: Strategic Shoring People Supply Chain Tail Account Rationalization

Margin improvements and cost savings at each level, along with an increasing trend of non-linear revenues

(1) FY15 based on Indian GAAP; FY16 based on special purpose Ind-AS, FY17 & FY18 are based on Ind-AS

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DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657

Strong Management

1 Infused new talent across levels
Executive Committee
Senior Leader positions
Regional Sr Leaders in Focus Markets
2  Strong Board
3  Support from BX Ecosystem

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DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657 5 Strong Cash flow Generation and Optimal Cash Strategy to maximize shareholder value

Strong growth in EPS

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EPS after exceptional items (INR)
42.7 13.4
37.7
32.1
30.1
FY15 FY16 FY17 FY18 Q1 FY19
YoY % -6.3% 25.3% 13.5% 47.0%
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Track record of healthy Dividends…

Dividend Payout (DPS including tax / EPS before exceptional items)

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70%
60%
56%
53%
FY15 FY16 FY17 FY18
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Announced share buy-back worth Rs 9,883 Mn in Q1 FY19
Completed share buy-back worth Rs 11,030 Mn in FY18

Consistent free cash flow generation

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Free cash flow ($ million)
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One of Industry leading FCF/EBITDA conversion Free cash flow (FCF)/Adj. EBITDA

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131 67
112 115 109
FY15 FY16 FY17 FY18 Q1 FY19
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68% 72%
70%
59%
FY15 FY16 FY17 FY18
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DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657

Core Investment Thesis: Execution update Summary – YTD FY19

 1 Accelerate Direct Core

Above industry growth of 14.8% YoY in Constant Currency
Farming Strategic Accounts
Blackstone Portfolio Opportunity
Continued momentum in Deal wins: $153M TCV; New-Gen Services at 76%
Broad based growth from Strategic Accounts; BX portfolio and New Accounts

2  Strategic Partnership with DXC/HP

Continued Strong growth momentum from FY’18; YoY constant currency growth of 23.3% in Q1 FY19
Good deal traction in Cloud Partnership
3 Continued focus on Margin Expansion to fuel Growth
Delivered EBIT of 16.6% in Q1 FY19; Continued improvement in operating levers
Expect to operate in EBIT of 15%-17% band
Strong Management team backed by an
4 experienced Board
Management augmenting Cloud and Cognitive capabilities to deliver Service Transformation and Front-2-Back Modernization
5 Strong Cashflow Generation and Optimal Cash Strategy to maximize shareholder value
Strong free cash flow generation of $67 Mn in Q1 FY19; Q1 FY19 Cash Balance of $398 Mn
Announced share purchase program for Rs 9,883 Mn at maximum share price of Rs 1,350

DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657

Wh Are We Different? y

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T
W
I
T
C
H
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T-Shaped Solution Strategy – Domain depth + Breadth of Tech - 2C powered
Tier 1 capabilities in BFSI
Front2Back[TM] Modernization
X2C[2TM]
Focus & Specialization
Data Center of the Future is an Empty Room[TM]
N=1 Hyper personalization using HyperCloud
Consistently Rated #1 or #2 by Customers

DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657

Reca : Core Investment Thesis p

THANK YOU

Email: [email protected]

About Mphasis

Mphasis (BSE: 526299; NSE: MPHASIS) enables customers to reimagine their digital future by applying a unique formula of integrated cloud and cognitive technology. Mphasis X2C[2 ] TM formula for success, (shift anything to cloud and power everything with cognitive), drives five dimensions of business value with an integrated consumer-centric Front to Back Digital Transformation, enabling Business Operations and Technology Transformation. Mphasis applies advancements in cognitive and cloud to traditional application and infrastructure services to bring much needed efficiency and cost effectiveness. Mphasis’ core reference architectures and tools, combined with domain expertise and hyper specialization are the foundation for building strong relationships with marquee customers.

Important Confidentiality Notice

This document is the property of, and is proprietary to Mphasis, and identified as “Confidential”. Those parties to whom it is distributed shall exercise the same degree of custody and care afforded their own such information. It is not to be disclosed, in whole or in part to any third parties, without the express written authorization of Mphasis. It is not to be duplicated or used, in whole or in part, for any purpose other than the evaluation of, and response to, Mphasis’ proposal or bid, or the performance and execution of a contract awarded to Mphasis. This document will be returned to Mphasis upon request.

DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657

Stron Leadershi Team g p

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Nitin Rakesh
CEO
Dinesh 10 yrs in Mphasis Sundar Joined in October 12 yrs in Mphasis
Venugopal and in ExCo Subramanian 2017 Elango R and in ExCo
• President, Mphasis Digital & Direct Core GTM • President, Global Delivery • President, HP Business Unit
Puneet 17 yrs in Mphasis Joined in October
Eric Winston
Bhirani 8 yrs in ExCo 2017
• CEO, Digital Risk • EVP, General Counsel and
Chief Ethics & Compliance Officer
Srikanth
9 yrs in Mphasis
Suryanarayanan 4 yrs in ExCo Karra Joined in May 2017
• Chief Financial Officer • Chief Human Resource Officer
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DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657

Ex erienced Board p

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Davinder Singh Brar Chairman, Independent Director Promoter of GVK Biosciences Formerly Director of the Reserve Bank of India (RBI)

Jan Kathleen Hier Independent Director Formerly Executive VP at Charles Schwab Served as VP Engineering at Transaction Technology, a Citicorp subsidiary

Paul James Upchurch Director  Executive Director at Blackstone  Formerly an Executive VP at Nielsen

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Nitin Rakesh CEO and Director CEO and Director at Mphasis Previously CEO and President of Syntel

David Lawrence Johnson Director Senior Advisor at Blackstone based in New York Formerly Senior VP of Strategy at Dell

Amit Dixit Director Senior Managing Director and Head of Private Equity in India for Blackstone Formerly a Principal at Warburg Pincus

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N Kumar Independent Director Vice Chairman of the Sanmar Group, a multinational conglomerate Honorary Consul General of Greece in Chennai

Marshall Lux Director Financial Services consultant and practitioner for over 30 years On the board/ advisory council of various PEs across industries and geographies

Amit Dalmia Director Managing Director in the Private Equity group in India for Blackstone Formerly served various management roles at Hindustan Unilever India

Blackstone Independent Directors

AI assistant

Mphasis Limited — Investor Presentation 2018

61117_rns_2018-09-14_a9e273fc-9f5d-4f34-9269-997e5413a3ea.pdf

14 September 2018

Sub: Intimation of participation in Investor Summit

For Mphasis Limited

INVESTOR PRESENTATION Q1 FY19

DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657 Enable Customers to reimagine their Digital Future by shifting anything to Cloud and power everything with Cognitive

Key Facts

M hasis at a Glance p

Global Delivery Footprint and Sales Coverage

M phasis Turn Around Story

DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657 Performance Hi hli hts g g

Performance vs Index[[1]]

Corporate Strategy : Bring the “T” back into IT

Core Investment Thesis

Supported by significant wins in NewGen

Strong Direct Core Revenues

Accelerate Direct Core : The Secret Sauce Fueling the Engine

Domain Strength built by…

… years of working with Marquee Customers

Go-to-Market optimized for catching Deals Upstream

Proactive Customer Management

Accelerate Direct Core : Focused Strate gy for New Logo Wins

Accelerate Direct Core : M phasis X2C2 TM - Cloud and Cognitive

Cloud Services

C ognitive Computing

Mphasis X2C - Powered b2TM y Cloud & Cognitive

Integrated Mphasis X2C[2 TM] Benefits

DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657 2 Strategic Partnership with DXC/HP: Transformed Relationship with four Growth Engines

Hewlett-Packard Company

Mphasis is a preferred supplier to each of these four entities

Strategic Partnership with DXC/HP: Apps Migration to Cloud

Focus Verticals

Focus Geographies

Offerings

Client Benefits

Why Mphasis and DXC?

Action plan to drive Margin Expansion to fuel Growth

Concrete steps executed...

…delivering a track record of Margin Expansion[1]

“Digital Factory of the Future” – ensure stable margins while funding growth …

Margin improvements and cost savings at each level, along with an increasing trend of non-linear revenues

Strong Management

DocuSign Envelope ID: 22117030-C0BF-4FF8-9306-018A1B69D657 5 Strong Cash flow Generation and Optimal Cash Strategy to maximize shareholder value

Strong growth in EPS

Track record of healthy Dividends…

Consistent free cash flow generation

Core Investment Thesis: Execution update Summary – YTD FY19

Wh Are We Different? y

THANK YOU

Email: [email protected]

About Mphasis

Important Confidentiality Notice

Stron Leadershi Team g p

Ex erienced Board p

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