MindTree Investor Presentation-Q1-FY10

© 2008 MindTree Consulting© 2008 MindTree LimitedCONFIDENTIAL: For limited circulation only

Investor PresentationJuly 2009

© 2008 MindTree LimitedCONFIDENTIAL: For limited circulation only Slide 2

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward-looking

statements, 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, our ability to manage growth, intense competition in IT services including

those factors which may affect our cost advantage, wage increases, 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, our ability to manage our

international operations, reduced demand for technology in our key focus areas, disruptions in

telecommunication networks, our ability to successfully complete and integrate potential

acquisitions, liability for damages on our service contracts, withdrawal of governmental fiscal

incentives, political instability, legal restrictions on raising capital or acquiring companies outside

India, and unauthorized use of our intellectual property and general economic conditions affecting

our industry. MindTree may, from time to time, make additional written and oral forward looking

statements, including our reports to shareholders. The Company does not undertake to update any

forward-looking statement that may be made from time to time by or on behalf of the company.


MindTree At A Glance

FY 09 Consolidated Revenue: $269.1M

7,693 MindTree Minds In 19 locations

Positioned as the ‘Best Mid-SizedServices Company’

Ranked 1st in Most Admired KnowledgeEnterprise (MAKE) India: 2007 & 2008

Most Consistent Performer in BestEmployer Surveys: 2004 to 2008

National Award for Excellence inCorporate Governance 2008


Our Values & Our DNA


What We Offer


IT Services


R & D Services


Outsourced Product Development Services


Knowledge Services


Infrastructure Management & Tech Support


Independent Testing Services


Some Of Our Clients


A Proven Track Record With Global Enterprises


A Proven Track Record With Global Enterprises


What People Are Saying About MindTree


A Passion For Client Satisfaction

90%95%

74%84% 83% 82%

89% 88%80%

91% 90%84%

93% 94%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09


Our Unique Culture

© 2008 MindTree Consulting© 2008 MindTree LimitedCONFIDENTIAL: For limited circulation only

Financial Track Record

© 2008 MindTree Confidential


Highlights of the Quarter ended June 30, 2009

� 239 active clients, including 32 Global Fortune 500 companies

$ MM Y/Y $ Y/Y Rs

Revenue 62.1 13.7% 36.3%

EBITDA 10.4 -10.0% 8.2%

PAT 11.6 466.2% 554.6%

MindTree Q1 FY10


High Quality and Diversity of Revenues

Across Clients Across Geographies (Q1 FY 10)

And Industry Groups (Q1 FY 10)

Across Clients

Revenue Concentration

% of revenues

Q4 FY 09 Q1 FY 10

Top Client 6.7% 7.0%

Top 5 24.6% 26.4%

Top 10 37.2% 39.4%

Manufacturing 12.9%

Banking, Financial & Insurance 17.8%

T&T 15.1%

R&D Services (RDS) 14.1%

Software Product

Engineering (SPE) 29.3%

Others 10.8%

US67.3%

Europe 19.8%

India6.5%

APAC6.4%

Across Clients


Key Operating Metrics

Ramp Up of Clients

Across Clients

Ramp Up of Clients

Across Clients

Across ClientsOnsite / Offshore Mix (Revenue)

Ramp Up of Clients

* - Including Trainees * * Consists of our RDS and SPE business

Revenue Mix

Onsite / Offshore Mix (Revenue) Headcount & Utilization

Key Customers

Q4 FY09 Q1 FY10

Onsite 28.6% 29.2%

Offshore 71.4% 70.8%

Q4 FY09 Q1 FY10

$1MM+ 64 60

$5MM+ 13 12

$10MM+ 3 3

Q4 FY09 Q1 FY10

Headcount 7,866 7,693

Utilization* 65.3% 61.1%

Q4 FY09 Q1 FY10

ITS 52.7% 56.6%

Product

Engineering

Services (PES)**

47.3% 43.4%


Revised Guidance for FY 2009-10

�Revenue guidance of $255 – 270 Million (Rs 12,342 – 13,068 million)

�PAT of $ 30.4 – 36.8 million (Rs 1,471 – 1,781 million)

�EPS is expected to be in the range of Rs 37.4 – 45.3

�The above guidance is based on an average exchange rate of INR

48.4 = 1USD


MindTree Is Different

Relentless Focus on Customer

Product Centric Approach and

Industry ExpertiseIP and Frameworks

Unique Culture

Attention

Attitude

Access

Agility

© 2008 MindTree Consulting© 2008 MindTree LimitedCONFIDENTIAL: For limited circulation only © 2008 MindTree Limited

Imagination Action JoyImagination Action Joy

Contact Person

[email protected]

www.mindtree.com

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MindTree Investor Presentation-Q1-FY10