TCS Financial Results

1 Jan 12, 2022 TCS Financial ResultsQuarter III FY ,butarenotlimitedtoourabilityto,managegr owth,intensecompetitionamongglobalITserv icescompanies,variousfactorswhichmayaffe ctourprofitability,suchaswageincreasesor anappreciatingRupee,ourabilitytoattracta ndretainhighlyskilledprofessionals,timea ndcostoverrunsonfixed-price,fixed-timefr amecontracts,clientconcentration,restric tionsoncross-bordermovementofskilledpers onnel,ourabilitytomanageourinternational operations,reduceddemandfortechnologyino urkeyfocusareas,disruptionsintelecommuni cationnetworks,ourabilitytosuccessfullyc ompleteandintegratepotentialacquisitions ,liabilityfordamagesonourservicecontract s,thesuccessofthecompaniesinwhichTCShasm adestrategicinvestments,withdrawalofgove rnmentalfiscalincentives,politicalinstab ility,legalrestrictionsonraisingcapitalo racquiringcompaniesoutsideIndia, ,fromtimetotime,makeadditionalwrittenand oralforward-lookingstatements, scurrentintentions,beliefsorexpectations , FY22 Performance Highlights Revenue:-INR Revenue of `488,850 Mn, up YoY-USD Revenue of $ 6,524 Mn,up YoY-Constant currency revenue up YoY Profit:-Operating Margin at Margin at flow from operations at of net profit Demand:-Clients $100M+ up by 10 ; $50M+ up by 21.

2 $10M+ up by 40 & $1M+ up by 98 YoY People:-Net addition of 87,725 associates YoY, closing headcount: 556,986-LTM attrition at in IT Services4 Growth Summary (INR)420,150 437,050 454,110 468,670 488,850 Q3 FY21Q4 FY21Q1 FY22Q2 FY22Q3 FY22 Revenue` FY21Q4 FY21Q1 FY22Q2 FY22Q3 FY22Y-o-Y GrowthY-o-Y Growth CC87,010 92,460 90,080 96,240 97,690 Q3 FY21Q4 FY21Q1 FY22Q2 FY22Q3 FY22 Net Income` FY21Q4 FY21Q1 FY22Q2 FY22Q3 FY22 Net margin (%)111,840 117,340 115,880 120,000 122,370 Q3 FY21Q4 FY21Q1 FY22Q2 FY22Q3 FY22 Operating Income` FY21Q4 FY21Q1 FY22Q2 FY22Q3 FY22 Operating margin (%)55,7025,9896,1546,3336,524Q3 FY21Q4 FY21Q1 FY22Q2 FY22Q3 FY22 Revenue$Million1,1801,2671,2211,3011,303 Q3 FY21Q4 FY21Q1 FY22Q2 FY22Q3 FY22 Net Income$ FY21Q4 FY21Q1 FY22Q2 FY22Q3 FY22 Net margin (%)1,5171,6081,5701,6221,633Q3 FY21Q4 FY21Q1 FY22Q2 FY22Q3 FY22 Operating Income$ FY21Q4 FY21Q1 FY22Q2 FY22Q3 FY22 Operating margin (%)

3 Growth Summary (USD) FY21Q4 FY21Q1 FY22Q2 FY22Q3 FY22Y-o-Y GrowthY-o-Y Growth CCOperational Parameters7 Geography (%)Q3 FY21Q3 FY22Y-o-YCC GrowthAmericasNorth by Market8 Vertical (%)Q3 FY21Q3 FY22Y-o-YCC & Sciences & & & Markets & by Domain9 Service Lines Commentary ,CyberSecurity,andIoT& Consulting& CloudModernization,ConnectedEnterprise&P roductInnovation,CustomerExperience&Digi talWorkplaceTransformation. TCSDigiFleet,TCSS martStore&TCS sHeadofIOTP racticewereamongthewinnersatIoTGlobalAwa rds2021. TCSwontheAWS2021 RisingStarPartneroftheYear(GSI,forUSA)&A WSA pplicationTransformationandMigrationPart neroftheYear(forANZ) ,technology& ,CustomerExperience,Finance& & Services IntegrationCognitive Business OperationsDemandwaspropelledbycustomerss eekingtooutsourceITandbusinessoperations todrivebusinessagility,operationalresili ence, ,Infratransformation& andCognix ,ITlandscapemodernization,shifttoHybridC loud, ,asorganizationslooktooptimizespend,inve stinmoreadvancedcapabilities, IoT & Digital EngineeringEngineeringandIoTservicesaree nablingcustomerstogaincompletetraceabili tyofproductsacrossthevaluechain,manageas sets,innovateproducts,re-designplantsand improvepredictability& ,GISandPlantSolutions& ,EngineeringandAnalyticsservicesarealsoh elpingcustomersintheirsustainabilityjour ney, ,coupledwithstrongM&Amomentumintheindust ryrequiresspeed,scale, ,localized,regulatorycompliantsecurityse rvicesacrossransomwareprotection.

4 Application Services10*Last Twelve Months' services revenuesUS$ 1m+ Clients10771175US$ 5m+ Clients565619US$ 10m+ Clients386426US$ 20m+ Clients229255US$ 50m+ Clients97118US$ 100m+ Clients4858 Clients ContributionQ3 FY22Q3 FY21 Client Parameters11 Key Highlights EngagedbyFactSet,aleadingproviderofinteg ratedfinancialinformationandanalyticalap plications,tounderstand, ,leveragingTCS NYCP aceportdrovethedesignthinkingworkshops,s olutionideationandcreationofworkflowalon gwithwireframestoenabletheintegrationoft hedatasets. SelectedbyaleadingANZ-basedmanufacturera ndretailerofbuildingmaterials, (finance,ordertocash,forecasttoplan,plan tomanufacture,inventory)underacommonDigi talERPplatformonaleadinghyperscaler, ,includingprovidingOCMservices. frameworkandexpertiseinbankingoperations anddatagovernancetomodelandimplementamod ernData& (disputes,customercomplaints,fraud,colle ctions&recoveries).

5 SwissRe,oneoftheworld sleadingprovidersofreinsurance,insurance ,andotherformsofinsurance-basedrisktrans fer,ispartneringwithTCStobuildamoresocia landopendigitalworkspaceleveragingtheclo ud, ,persona-baseddigitalworkplaceusingMicro softtechnologiesandmanagetheunderlyingop erations. ,stable,agile,andmoderninfrastructure,pr ovidingreliability,flexibilityandscalabi lity. TCSandIAGG lobalBusinessServices(GBS)Limited, svisiontobetheworld (IAG),oneoftheworld sleadingairlinegroups. (CRCO)functionandwillalsoenhancetheriskp latformtodrivesustainablereturnsalongwit hriskcontrolandregulatoryadviceservices. , ,productdevelopment,qualityverification& validationservicesandregulatorydocumenta tionandsubmission. SelectedbyIronMountain,aleadingUS-basedi nformationmanagementservicescompany, andintelligentvisualization,TCSwillexecu teanend-to-endtransformationofIronMounta in sprocure-to-pay,record-to-analysis,cashf lowforecasting, ,increasecashonhand,anddrivedata-drivenb usinessdecisions.

6 SelectedbyZebraTechnologiesCorporation,a US-basedcomputerperipheralequipmentmanuf acturingcompany, Petco,aleadingUSbasedpethealthandwellnes scompany,haspartneredwithTCSforitsITtran sformationjourneytogainnext-gencapabilit iesacrossapplications,digital,infrastruc ture,BI, ,agility,compliance,streamlinedprocesses ,andbettercustomerengagementtohelpPetcoi ntheirgrowth&transformationjourney. EngagedbySensataTechnologies, ,buildcustomerstickinessandimprovecustom erretentionandrenewals. ,toenablethebank send-customerstotradeincryptoassets. , Resources13Q2-21Q3-21Q4-21Q1-22Q2-22Q3-2 2453,540469,261488,649509,058528,748556, 986 Attrition*: (LTM), IT ServicesDiversity: Women employees: Nationalities: 156*Excluding SubsidiariesTalent Development: 14+Mn Learning Hrsin Q3 22 421K Digital Trained Associates 508K Agile Trained AssociatesTotal Employee BaseAnnexure15 IFRS Income StatementRe v e nue420,150488, of revenue245,270293, margin174,880195, & A expenses63,04073, rating income111,840122, income (expense)

7 , net5,0809, be fore income taxe s116,920131, taxes29,65033, afte r income taxe s87,27098, t income87,01097, Earnings per share in FY22 Consolidate d IFRS MillionQ3 FY21Q3 FY21% of Re v e nueQ3 FY2216 COR SG&A DetailsEmployee cost181,670211, to external consultants30,87043, and software3,9604, expenses3,7403, ,7809, ,1504, ,7503, expenses11,35012, of Revenue245,270293, cost52,64060, to external consultants1,4401, expenses1,5802, ,4502, , for Doubtful expenses3,3004, G & A expenses63,04073, FY22Q3 FY22Q3 FY22 CORSGAQ3 FY21% of RevenueQ3 FY21% of RevenueQ3 FY21Q3 FY22 MillionQ3 FY21 Million17 IFRS in MnQ3 FY21Q3 FY22 Net Cash from Operations 119,520 108,530 Capital Expenditure 7,230 9,100 Free Cash Flow 112,290 99,430 Dividends Paid 45,020 25,890 Operating Cash Flow to Sales (%) Operating Cash Flow to Net Profit (%)

8 Total Cash and Investments 653,770 669,850 Cash Flow Summary18 IFRS Statement of Financial PositionAssetsProperty and equipment121, 119, Right-of-use Assets76, 78, Intangible assets and Goodwill44, 50, Accounts Receivable301, 341, Unbilled Revenues109, 108, Investments293, 456, Cash and Cash equivalents68, 59, Other current assets227, 217, Other non current assets86, 90, Total assets1,328, 1,523, Liabilities and Shareholders' EquityShareholders' Funds885, 1,060, Other current liabilities341, 357, Other non-current liabilities94, 98, Non-controlling interests6, 6, Total Liabilities1,328, 1,523, Million%% Million31-Mar-21 Consolidated IFRS31-Dec-2119Re v e nue5,7026, of revenue3,3293, margin2,3732, & A rating income1,5171, income (expense)

9 , be fore income taxe s1,5851, afte r income taxe s1,1831, t income1,1801, per share in $ $ M illion% of Re v e nueQ3 FY21Q3 FY22Q3 FY22 Consolidate d IFRSQ3 FY21 IFRS Income Statement In USD20 COR SG&A Details In USDE mployee cost2,4662, to external and of Revenue3,3293, to external for Doubtful FY22Q3 FY22 CORQ3 FY21$ Million% of RevenueQ3 FY21 SGAQ3 FY21$ MillionQ3 FY22Q3 FY22% of RevenueQ3 FY2121$ Million%$ Million%AssetsProperty and equipment1, 1, Right-of-use Assets1, 1, Intangible assets and Accounts Receivable4, 4, Unbilled Revenues1, 1, Investments4, 6, Cash and Cash Other current assets3, 2, Other non current assets1, 1, Total assets18, 20, Liabilities and Shareholders' EquityShareholders' Funds12, 14, Other current liabilities4, 4, Other non-current liabilities1, 1, Non-controlling Total Liabilities18, 20, 31-Dec-21 Consolidated IFRS31-Mar-21 IFRS Statement of Financial Position in USD22Re v e nue42,015 48,885 Expe nditure a) Employee Costs 23,431 27,168 b) Cost of equipment and software licences 396 432 c) Other Operating expenses 5,980 7,852 d) Depreciation1,024 1,196 Total Expe nditure 30,831 36,648 Profit Be fore Taxe s & Othe r Income11,184 12,237 Other income (expense)

10 , net508 954 Profit Be fore Taxe s11,692 13,191 Provision For Taxes2,965 3,385 Profit Afte r Taxe s & Be fore Non-controlling inte re sts8,727 9,806 Non-controlling interests26 37 Ne t Profit8,701 9,769 Earnings per share in d Ind AS Crore% of Re v e nueQ3 FY21Q3 FY21 Q3 FY22 Q3 FY22 Ind AS Income Statement -Consolidated2331-M ar-2131-De c-2131-M ar-2131-De c-21 ASSETSP roperty, plant and equipment12,516 13,026 Right-of-use assets7,633 7,837 Investments29,373 45,662 Deferred tax assets (net)3,931 2,915 Goodwill (on consolidation)1,798 1,743 Cash and Bank Balance9,329 13,186 Current Assets, Loans and Advances60,791 59,286 Non-current assets, Loans and advances5,388 6,557 Total Asse ts130,759 150,212 EQUITY AND LIABILITIESS hareholders' Funds86,433 103,900 Non-controlling interests675 692 Deferred tax liabilities (net)