Certain statements mentioned in this presentation concerning our future growth prospects are forward-looking statements regarding our

future
business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of
risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties
relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign
exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage
increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts,
client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced
demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete
and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made
strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on
raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our
industry and the outcome of pending litigation and government investigation. Additional risks that could affect our future operating results are more
fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended
March 31, 2019. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking
statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders.
The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company
unless it is required by law.
2
 STRONG REVENUE MARKET CAP
GROWTH US$44 bn*
US$11.80 bn Revenue
9% Y/Y CC growth

HIGH DIGITAL SHARE LIQUID AND DEBT FREE

BALANCE SHEET
US$3.68 bn / 31.2% of revenue
Cash & cash equivalents
33.8% Y/Y CC growth
US$4.44 bn (36% of total assets)

STRONG OPERATING FREE CASH FLOW

PROFIT / MARGIN US$1.91 bn
US$2.70 bn / EMPLOYEES
Margin at 22.8% 228.1K with
3 36.7% women
As of FY19. * MarketCap on 31-Dec-2019
 A global company
with presence in 46 countries
North America 61.3%

Europe 24.4%

Rest of World 11.5%

India 2.8%

4
Segment data for Q3 FY20
 31.5% Insurance
Financial Services
8 of the top 10 US Banks Consumer Packaged 15.3%
6 of the top 10 Global
Banking Goods & Logistics Retail
Insurance Companies
8 of the top 10 global
Retail CPG companies

2.8%
Others
Serving 177 of Fortune
6.7% Life Sciences 13.0%
9 of the top 10 Global
500 Companies Communications
Pharma Companies 5 of the top 10 global telcos

7.6% Hi Tech 12.8%

11 of the top 20 Energy, Utility, Resources & Services
global hi-tech
Companies 4 of the top 5 global integrated O&G
10.3% companies
Manufacturing
5
All the top 10 Global
auto companies
Segment data for Q3 FY20
 We are a pioneering company with

Largest Indian
secondary ADS Completes
Incorporated First Indian company offering of US listing US$2 billion
in Pune listed on NASDAQ US$1.6 billion transfer to NYSE share buyback

1981 1993 1999 2004 2006 2008 2012 2016 2017 2018

Gets listed on Crosses US$1 Selected as original Crosses Another US$2 billion
BSE / NSE billion in revenue member of US$10 billion capital return
The Global Dow in revenue Unveils Navigate your
Next strategy

6
 Strong Corporate
Governance

Corporate Social
Sustainability
Responsibility

Scale Agile Energize Expand Drive

Digital the Core Skilling Localization

7
 350
1308
4.8%

10%
1083
4%

167
793 11%

74

2010 2018 2022 2010 2018 2025

Global IT services spend ($ bn) Indian IT services market ($ bn)

We are a leading player in an industry projected to grow in double digits

8 Source: Gartner - Forecast: Enterprise IT Spending by Vertical Industry Market, Worldwide, 2010-2016, 4Q12
Gartner - Trends, Disruptors and the Future of Business & IT Services, June 11, 2019 | DeitY, GoI; Nasscom Perspective 2025
Growth numbers are in CAGR terms
 OUR VISION IS TO BE
a globally respected corporation
that provides best-of-breed
business solutions, leveraging LEVERAGING A
technology, delivered by best-in- CULTURE THAT IS
class people powered by intellect and
driven by values

OUR
STRATEGY

WE WILL DO THIS BY
RESULTING IN Staying relevant to our
consistent, profitable growth clients for them to
for our stakeholders “navigate their next”

9

The demand for quality talent
in new areas is rising globally,
increasing costs for attraction,
retention, and reskilling
10
The technology-led transformation
of our clients’ businesses is
creating new demand, but also
new competitors
1
Traditional IT services are
4 2 rapidly commoditizing
resulting in higher
bargaining power for our
clients
3
The rising but disruptive
promise of automation
 Scale Agile Energize the Expand Skilling Drive
Digital Core Localization
Invest in digital Infuse AI and Re-skill talent at Hire locally in
capabilities and automation scale for markets, local
priority services us and our clients delivery and
training

11
 Differentiate end-user
experience
Monetize & leverage big data

Increase velocity of product and business

model innovation
Modernize and automate legacy process
and technology assets
Secure technology infrastructure and
assure business performance

12
Impactful solutions to complex challenges Increased relevance with local talent
Holistic digital solutions Emerging-tech innovation hubs
Design studios for co-innovation Innovation ecosystem access
Targeted acquisitions & partnerships Local recruitment and training

Agile service delivery

Capability Building at scale
Full-stack, agile trained workforce
Wingspan: Digital platform for
Redesigned agile workplaces
continuous learning
Distributed agile methodologies and frameworks
Strategic e-content alliances
Infosys Knowledge Institute

Assets for a hyper-productive enterprise

40K+ automation components & partnerships, Nia
13
AI-based industry platforms: Finacle, McCamish, Stater, Edge
Methodologies for operational efficiencies
 INSIGHT

EXPERIENCE Microsoft
Smart Analytics GDPR
RPA & AI
AI Services in Banking
Digital Change
CX UX/UI Digital OneOffice
Management
ACCELERATE
Digital Banking Insurance
Services Digital Services
Cloud Oracle Cognitive
SAP HANA DPA
Advisory Services Infra
INNOVATE Insurance SAP Application Public Enterprise
Services Implementation Development Cloud Infra Cloud
Blockchain Blockchain
Lex/Wingspan
Services Business Process IT Service Digital
DevOps HR Services
Enterprise Management Workplace
Telecom Manufacturing
Blockchain
Engineering PLM
Services
ASSURE
Product Auto Engineering IoT Services
Engineering Digital Quality Assurance Application Testing
14
 Accelerate Platforms and Reengineer
internal automation micro-automation assets the corporation led by
across landscapes for large programs AI services and apps,
platforms

1M+ 40K+ ~52.5K Business apps

USE CASES COMPONENTS EMPLOYEES powered by
e.g. Next-gen chatbots, deployed in Digital Nia, McCamish,
Genome, Hawkeye Stater, Finacle

15
 PARTNERSHIPS
Strategic alliances
for external content
integration

90%
INFOSCIONS
on the Lex platform
Largest residential
corporate training center
The platform houses over globally in Mysore
Can train
42,800 700
resources courses 15,000
employees simultaneously

16
 10,000+
Local USA hires
Community college
hiring 6 Innovation
Hubs in US 5G lab at
Sydney

~2,200+ 9 Global digital Cyber Defense

studios Center in Romania
Campus hires

17
 Operating Profits ($ bn)

2.7 2.7
2.5
2.4
2.3
Total employees (‘000) Revenues ($ bn)
FY15 FY16 FY17 FY18 FY19
228 11.8
10.9
10.5 Free Cash Flow ($ bn)

25.5%

31.2%
200 204 9.5
194
8.7
176 1.9 1.9
1.7
1.4 1.4

FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19
* Digital revenues have been reported since FY18
Digital
18
 Onsite Mix

29.8%
29.4% 29.3%
28.8% 28.6%

Large deal TCV ($ mn) $100mn clients FY15 FY16 FY17 FY18 FY19

6.3 25
Utilization
20
19
3.4x 84.6%
3.9
3.5
84.3%
3.1 15
14
81.7%
1.9
80.9% 80.6%

FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19
New wins

19
 40.8% YoY 9.5% YoY 1.0% QoQ 21.9% $1.8 bn
Digital CC growth CC growth CC growth Operating Margin Large deal signings

GUIDANCE
Increased FY 20 revenue guidance; revised guidance is 10.0%-10.5% in constant currency
Maintained FY 20 operating margin guidance range of 21% - 23%

20 All financial numbers are based on IFRS consolidated financials

 Growth with Inorganic Progressive
1 strategic 2 moves aligned 3 capital allocation
investments to strategy
Scale Agile Digital with Invest in inorganic moves Return ~85% of free cash
key investments to expand client relevance flows cumulatively over
a 5-year period
Go-to-market
Cash return of over
localization
$6 billion
Acquisitions

capabilities
for last two fiscal years
Joint Ventures

Infosys Compaz is JV with Temasek

Hipus is JV with Hitachi, Panasonic and Pasona
21 Stater is JV with ABN AMRO
 Capital returned(2) to shareholders ` crore

8,260 22,118
13,000 21,767
Consistently growing
Dividend Per Share (DPS in `) (1)
3.3x 16.75 17.50 17.50

4,740
3.1x
12.13 12.88

8,767

9,118
11.13

7,119
7.88
5.25

FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY17 FY18 FY19
Capital 30% of 40% of 50% of 70% of ~85% of FCF
Allocation NP NP NP Regular dividend Special dividend Buyback
FCF over 5-years
policy
Declared interim dividend of `8 per share ($0.11 per ADS, based on 30th Sep-19 USD/INR exchange rate) on 11th Oct-19
22 (1) Excludes Special Dividends. DPS figures are adjusted for Bonus issues. (2) Dividend amount is inclusive of Dividend Distribution Tax.
 1 YEAR TSR

Nifty 50 16.5% S&P 500 11.0%

Infosys ` 31.4% 4.6% 36.0% Infosys $ 23.6% 5.0% 28.6%

5 YEAR TSR

Nifty 50 86.1% S&P 500 67.7%

Infosys ` 81.3% 26.8% 108.1% Infosys $ 61.4% 23.1% 84.5%

23
31-Mar-2019 * TSR – Total Shareholder Returns Share price increase Dividend yield
 67%
Independent
History of
directors
firsts for an
Guided by our stakeholders Indian company
87%
Public
To roll out ESOPs
To voluntarily adopt
shareholding
US GAAP and IFRS reporting
and comply with SOX

17% To publish quarterly

audited financials
ADR float
Professional To get listed on NASDAQ
Management Team
Listed at To facilitate ADR participation
BSE, NSE and NYSE in buyback

24
 Social responsibilities Diversity
Infosys Foundation
Environmental Working in healthcare, education, arts and
sustainability culture, destitute care and rural
development
Reduced
Read more
33%
Women
per capita consumption Infosys Science Foundation Board members
(FY08-FY19) Spreading the culture of science and
research. Instituted Infosys Prize which
completed 10 years in 2018-19 37.8%
Read more Women employees
Infosys Foundation USA Employees
Electricity –55%
Spearheading a variety of computer
science education and maker initiatives to from 139
Nationalities
Water – 60% benefit students and teachers
Read more
25
Part of DJSI World, DJSI Emerging Market and FTSE4Good Index
 Microsoft Partner
of the Year Award
in the Global Alliance
SI Partner category in 2019
Ranked #3 in the Forbes list of
The World’s Best Regarded
Companies for 2019
Ranked among the
top three employers
in 2019 in Europe and
the Middle East
by the Top Employers Institute
26
Won the UN Global Climate
Action Award in the ‘Climate
Neutral Now’ category
Recipient of
The Asset Corporate
Platinum Award
for 9 consecutive years
for benchmark ESG practices
Multiple recognitions in
Institutional Investor 2019
All-Asia Executive Team rankings
 Global IT services business model
Growing market for organization wide
technology transformations
Geographic spread with negligible geo political risk
Industry and client diversification
Multi-currency order book
Limited-energy dependence and low environmental
footprint
Asset light operations
27
Infosys Advantage+
Global scale operator with focus on Digital
Deep and lasting client relationships
Integrated and broad suite of service and solutions
Innovation ecosystem coupled with partnerships and alliances
Investments in new service and technology offerings
Localization strategy across geographies
Rapid reskilling and refactoring of workforce
Liquid and debt free supported by articulated capital returns policy
Responsible M&A aligned to business strategy
Strong governance credentials with wide shareholder base,
independent board and US listing
 THANK YOU

© 2019 Infosys Limited, Bengaluru, India. All Rights Reserved. Infosys believes the information in this document is accurate as of its publication date; such
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