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iGATE Corporation

Investor Presentation

July 17, 2013

Proprietary and Confidential

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Safe Harbor Statement


"Some of the statements on this site that are neither reported financial results nor historical facts are forward-looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the highlycompetitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry.
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iGATE - Corporate Overview


Full spectrum Technology, Business Process Outsourcing and Consulting Services firm helping customers achieve business outcomes
Incorporated in June 1987 Headquarters: Fremont, CA 28,000+ employees Listed on the NASDAQ (IGTE) in 1996

Vertical contribution*
Media, Entertainment, Leisure & Travel 4% Communications, Energy & Utilities 5% Public Sector 2%

Banking & Financial Services 21%

Diversified customer base


315 clients globally including top Fortune 500 blue chip clients Two $100+ million customers, 21 $10+ million customers, 41 $5+ million customers and 125 $1m + clients

Manufacturing, Retail, Distribution & Logistics 35%

Insurance, Healthcare & Life Sciences 33%

Geographical contribution*
EMEA 12% APAC 6%

43 sales offices across the world Global delivery centers:


Bangalore, Mumbai, Pune, Chennai, Hyderabad, Noida, Gandhinagar Sterling (VA), Bloomington (IL), Cambridge (MA), EL Paso, Guadalajara London, Australia, Japan, Singapore, China
*- For Q2, 2013
Proprietary and Confidential

NAM 82%
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July 17, 2013

iGATE: Transformational Mission

Tier 1 Firms

Established capabilities and welldifferentiated offerings

3-30-3-1

Diversified Industry & Client base

1-10 -100

Tier 1.5 company with $1 Bn revenues Deep expertise in select industries (such as BFS, Insurance, Mfg., M&E etc.) Well diversified client base Prequalified for large contracts (>$20MM) Execution excellence Solution centric approach

Well-established and proven Tier-1 capabilities Focus on large end-to-end engagements Established differentiation through business outcomes based model Leading player by capability in 2 verticals and serious player in 3-4 verticals Preferred technology partner to most Fortune 1000 companies Move up the value chain (R&D) More efficient sales engine Larger ecosystem of alliances/partnerships Highly respected brand offering unique solutions in the marketplace

Tier 2 Firms

2011
July 17, 2013 Proprietary and Confidential

2017
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iGATEs Outcomes Driven Model


iGATE Proposition Integrates technology and operations

Outcomes based pricing


Takes on the People, Process and Technology Risk and Investments Provides the flexibility to ramp up / ramp down

Client Benefits

Pay for Results, IT spend clearly linked to business outcome


Client and iGATE work on the same incentives Insulated from the technology risk Fixed costs are variable-ized

Organizations moving towards integrating technology and back-office operations and creating Executive positions responsible for technology and operations outsourcing Acknowledgement of iTOPS-type variable pricing model by large vendors and industry analysts Emergence of pay-as-you-use models like cloud computing, SaaS, iTOPS Recession has shown the value of pay-as-you-use models to customers
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Industry Moving Towards Business Outcomes


Shift to Pay per use Model Shift to Managed Services Model

Shared, Managed Services Business Tech. Mgmt.

Value

Monetisation of Assets/Platforms Shared, Managed Services Asset-Lite Asset-Heavy Dedicated/ Captive Model Time and Material Staff Augmentation
Labour Arbitrage

SaaS Cloud, Mobility Social Agile Methodology

SLA-Driven Agile Methodology Cloud, Platform Solutions Test Labs, CoEs Pay-per-use
Differentiation

Shared, Services Resources Sharing Test Labs Emergence of Managed Services


Process Excellence

Verticalised CoEs
Pay-per-use, Risk and Reward Models
Verticalisation Innovation Transformation

Maturity
Business Outcome pricing is rare today but is increasingly the model of choice. In Forresters Enterprise IT Services Survey, approximately 25% of firms stated moving to output-based pricing models as a critical or high priority Forrrester in Business Outcomes based pricing models drive results in Packaged application Implementations- April 2010
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Differentiated Business Model (iTOPS)


iTOPS is an integrated business model that combines process outsourcing with underlying technology
iTOPS Overview
BPO delivery methods differ based on technology used Traditional BPO providers offer little to no technology Large outsourcing providers may offer both IT and BPO, but as separate services iGATE differentiates itself with fully-integrated technology and BPO solutions (iTOPS)

iTOPS Value Proposition


Better alignment of business processes to IT services and infrastructure Focus on ROI of IT investments and business process improvement Results-based payments Shift from fixed costs to variable costs Flexibility to ramp up or downsize resources Single point strategic consulting and integrated decision support

iTOPS Competitive Advantages


Difficult to replicate Requires deep industry expertise in both IT and BPO Requires end-to-end established processes

Requires aligned organization


Most competitors lack one side of offering Many competitors operate IT and BPO in separate silos Innovative enables differentiated pricing models and deeper client relationships

Traditional BPO Client Technology

iTOPS

Outsourced Technology

July 17, 2013

Proprietary and Confidential

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Deep Domain Expertise Across Verticals


Translating our understanding of clients value chains into business solutions

Insurance and Healthcare

Banking and Financial Services

Manufacturing, Retail, Distribution and Logistics

Communications, Hi-tech and Utilities

Media Entertainment, Leisure and Travel

Product Engineering

Life and Annuities Property and Casualty Healthcare Re-Insurance Life Sciences

Wholesale Banking Mortgage Banking Retail Banking Capital Markets

Automotive Hi-Tech and Electronic Consumer Goods Paper and Pulp Aerospace and Defense Retail Logistics and Transportation

Telecommunicatio ns wire, wireless, cable, broadband Enterprise Mobility OSS/BSS Smart Metering Energy Analytics Asset Management GIS

Program Planning and Production Media Asset and Content Management Content Distribution Gaming, Theme Parks and Hospitality Publishing

Industrial Automation & Control Medical Devices and Healthcare Technologies Consumer Electronics, Multimedia & Gaming

Automotive Electronics
Storage, Networks & Computing ISVs

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Proprietary and Confidential

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Proven Management Team


Gerhard Watzinger President and Interim Chief Executive Officer
Served at iGATE from 1998 to 2003 including as CEO of the iGATE Solutions business and drove the transition from a US centric operation to an international organization and increased the companys market value by over 150% Worked with Intel/ McAfee, as EVP and Chief Strategy Officer Previously, served as CEO of both SafeBoot and APT International, Partner and Managing Director at PWC and MD at CapGemini

Sujit Sircar EVP & Chief Financial Officer


Joined iGATE in 1998 and has served numerous roles at iGATE; he was promoted to Chief Financial Officer in 2008 Prior financial management roles at Wipro

Sean Narayanan EVP & Chief Delivery Officer


Joined iGATE in 2006 as Senior Vice-President; promoted to Chief Delivery Officer in 2008 Prior to joining, he served as VP and Global Practice Head of IT Infrastructure Services at Cognizant

Satish Joshi EVP & Head of Product Engineering Services


Joined Patni in 1983 and is responsible for rendering specialized enterprise-wide technology services Prior to Patni, he worked with the Tata Institute of Fundamental Research

David Kruzner EVP & Co-Head of Consulting & Solutions


Joined iGATE in 2010 as Senior Vice-President of iTOPS and Consulting Solutions More than 22 years of consulting executive management experience and business transformation efforts.

Dr. Srinivas Kandula EVP & Head of Human Resources


Joined iGATE in 2007 as Global Head Human Resources Prior to joining, he held senior human resource positions at Sasken Communication Technologies and Power Grid

Vijay Khare EVP & Co-Head of Consulting & Solutions


Joined Patni in 1980 and has held various leadership positions Responsible for defining and boosting Patnis micro-verticals strategy, structure, systems and skills

Sanjay Tugnait EVP & Head of Sales, NA and Global Head of


Alliances Joined iGATE in 2012 Managing Partner of Accenture's Financial Services (FS) practice in India and prior to his India tenure was a Partner in Accenture's North America practice.

Derek Kemp EVP & Head of Sales, EMEA, Asia & Australia
Joined Patni in 1981 and responsible for business across all Industry verticals in EMEA Prior to joining, he worked with LogicaCMG, Charteris, and Polestar Applied Solutions

July 17, 2013

Proprietary and Confidential

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Industry Accolades and Recognition


Ranked as Leader amongst top outsourcing service providers and advisors; also among Best 20 in banking, markets & insurance: IAOPs Global Outsourcing-100, 2012 Consistently ranked in Leadership Zone as Global R&D Service Provider: Zinnov Management Consulting, 2011 & 2012 'Major Contender' in the F&A Peak Matrix: Everest FAO Research Report 2011 Lead ranking in Financial Services: Fintech-100, 2010 Engagement Excellence Industry Leadership

Outsourcing Excellence Award: Royal Bank of Canada IT Supplier of the Year, 2010: Weyerhaeuser Strategic Supplier of the Year: Genworth Financial Best Supplier for FY 2009-10: Toshiba Mitsubishi

Service Delivery

Organizational Excellence
iGATE Legal Team Wins LegalEra In-House Team of the Year Mergers & Acquisitions Award, 2012-13 Ranked No. 2 in the Greater Toronto Areas Small and Medium Best Employers survey, 2012 Ranked No. 1 in Dataquest-CMR Best Employers Survey 2012; retains position in Top Three for sixth time in a row Wins Golden Peacock Innovation Management Award, 2012 iGATE Corporation Annual Report 2011 wins Silver in the prestigious LACP Awards Asia Pacific Quality Organizations world class winner of the Global Performance Excellence Award, under the Large Service category Receives M&A Atlas Award 2012, in the Asia-Pacific Deal of the Year category for its successful acquisition of Patni Computer Systems Limited
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BPO & IMS operations assessed at Level 3 against CMMI for Services Model v1.3 Assessed at Level 5 in SEIs PCMM (People Capability Maturity Model) Second company globally to be listed in PARS as assessed at Level 5 of CMMI-Dev V1.3 Case in Point Platinum Award: Overall Case Management Excellence in Healthcare, 2011 BPO Excellence Awards: Operational Excellence and Quality, and Social Change Agent, 2010
July 17, 2013 Proprietary and Confidential

Consolidated Financial Overview


Steady financial growth with Gross Margins at ~40% and non GAAP EBITDA Margins (1) at ~25%
In $m $285 $280 $275 $270 $265 25% 21% 26% 24% 25% 26% 24% 23% 30% 20% 10% 37% 40% 40% 40% 41% 50% 38% 38% 40%

37%

$260
$255 $250

$266
Q3' 11

$268
Q4 '11

$263
Q1 '12 Revenue

$268
Q2 '12 Gross Margins

$271
Q3' 12

$272
Q4 '12

$275
Q1 '13

$283
0% Q2 '13

EBITDA Margin (Non GAAP)

Non GAAP EPS (1)

Project Type

45%

44%

42%

43%

42%

40%

38%

38%

55%

56%

58%

57%

58%

60%

62%

62%

$0.26
Q3' 11

$0.27
Q4 '11

$0.38
Q1 '12

$0.28
Q2 '12

$0.46
Q3' 12

$0.45
Q4 '12

$0.51
Q1 '13

$0.44
Q2 '13 Q3 '11 Q4 '11 Q1 '12 Q2 '12 Q3 '12 Q4 '12 Q1 '13 Q2 '13

Fixed Price
July 17, 2013 Proprietary and Confidential

T&M
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((1) These are Non GAAP figures and should not be solely for investment decisions. GAAP financials are provided on the company website at www.igate.com

Diversified Revenue and Client Base


Customer Distribution

52%

54%

53%

53%

52%

51%

50%

50%

11% 37% Q3 '11

10% 36% Q4 '11

10%
37% Q1 '12

10% 37% Q2 '12

11% 38% Q3' 12

10% 39%

11% 39%

10% 40%

Q4 '12

Q1 '13

Q2 '13

Top 5 Clients

Client 6- 10

Others

Active Clients profile

344

338

301

304

293

304

312

315

118

122

123

123

118

120

124

125

Q3 '11

Q4 '11

Q1 '12

Q2 '12 Number of clients

Q3' 12

Q4 '12

Q1 '13

Q2 '13

No. of million $ clients

July 17, 2013

Proprietary and Confidential

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Investor Snapshot
One of the highest EPS CAGR amongst peer IT Companies*
Fully diluted EPS($) EPS CAGR(%)
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3.00 2.50 2.00 1.50 1.00 0.50 -

35%

30%
24% 21% 8%
Cognizant 2008 2009 2010 Syntel 2011 Genpact 2012 EPS CAGR
Firm Name Janney Montgomery Scott Jefferies Needham & Co.
18.5 16.13 15.78 17.43 18.09 17.11

30% 25% 20% 15% 10% 5%

8%
Infosys

0%
iGATE

*- List of US listed Indian IT Companies

Share price
30 25 20 16.88 15 10 5 0
Jan-09 Jul-09 Feb-10 Aug-10 Mar-11 Sep-11 Apr-12 Nov-12 May-13

Analyst Joseph Foresi Jason Kupferberg Mayank Tandon Vincent Colicchio Ashwin Mehta Glenn Greene Daniel Perlin Jeff Martin Brian Kinstlinger Edward Caso

24.83

19.16

Noble Financial Capital Markets Nomura Financial Advisory & Securities

14.85

Oppenheimer Securities RBC Capital Markets ROTH Capital Partners Sidoti & Company Wells Fargo Securities

7.42
3.54

12.58 9.16

11.04

July 17, 2013

Proprietary and Confidential

Summary of Key Investment Highlights

Large player with significant scale

One of the highest EPS growth amongst peers

Long-term relationships with Fortune 500 customers

Strong margins Unique Business Outcomes strategy

Deep industry expertise across verticals

July 17, 2013

Proprietary and Confidential

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THANK YOU!

www.igate.com
July 17, 2013 Proprietary and Confidential - 14 -

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