Slide 1: Q3 and Nine Month FY2015 Earnings
Q3 and Nine Month FY2015 EARNINGS
Slide 2: Important Notice
IMPORTANT NOTICE This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Dynamatic Technologies’ (“Dynamatic” or “Company”) future business
Slide 3: Performance Highlights
PERFORMANCE HIGHLIGHTS Consolidated Financial Highlights 9M FY2015 Highlights Q3 FY2015 Revenue Breakup • Net Revenues of Rs. 12,403 million; an Aerospace Automotive increase of 7.2% y-o-y & Defence 65% 18% • EBITDA of Rs. 1,180 million at 9.5% margin • Interest expense declined by 16.8% y-o-y to Rs
Slide 4: Performance Highlights: Management Commentary
PERFORMANCE HIGHLIGHTS Management Commentary Commenting on the results, Mr. Udayant Malhoutra, CEO and Managing Director said: “This quarter has been a mixed bag for us, while our revenue growth has been muted, we have made significant progress on the operational front. We have built a very strong o
Slide 5: Financial Performance Summary
FINANCIAL PERFORMANCE SUMMARY Consolidated Performance Highlights Q3 y-o-y Q2 q-o-q Nine Month y-o-y Rs. million Growth Growth Growth FY15 FY14 (%) FY15 (%) FY15 FY14 (%) Revenue 3,835 3,999 (4.1)% 4,319 (11.2)% 12,403 11,571 7.2% EBITDA 343 433 (20.8)% 374 (8.4)% 1,180 1,203 (2.0)% Margin (%) 8.9%
Slide 6: Aerospace and Defence Segment
AEROSPACE AND DEFENCE SEGMENT Financial Overview Performance Overview Q3 y-o-y Q2 q-o-q • Aerospace & Defence segment Rs. million growth growth continued its robust performance . FY15 FY14 (%) FY15 (%) However, growth in UK was impacted Revenue 691 596 16.0% 689 0.3% by the holiday season India 338
Slide 7: Hydraulics Segment
HYDRAULICS SEGMENT Financial Overview Performance Overview Q3 y-o-y Q2 q-o-q • India revenue growth was subdued Rs. million growth growth due to the slowdown in the Indian FY15 FY14 (%) FY15 (%) tractor industry. UK revenues declined Revenue 660 812 (18.7)% 817 (19.2)% due to muted demand in Europe
Slide 8: Automotive Segment
AUTOMOTIVE SEGMENT Financial Overview Performance Overview Q3 y-o-y Q2 q-o-q • India revenue under the machining Rs. million growth growth business continued to be under FY15 FY14 (%) FY15 (%) pressure Revenue 2,483 2,589 (4.1)% 2,815 (11.8)% • Margins were impacted due to lower India 337 380 (11.4)
Slide 9: Quarterly Financial Trends
QUARTERLY FINANCIAL TRENDS Strong Financial Performance Revenue (Rs. mn) Segment Wise Revenue Contribution 4,304 4,250 4,319 15% 15% 14% 16% 18% 3,999 3,835 20% 18% 18% 19% 17% 7.6% (0.6)% 1.6% (1.3)% (11.2)% 65% 67% 68% 65% 65% Q3 FY14 Q4 FY14 Q1 FY15 Q2 FY15 Q3 FY15 Q3 FY14 Q4 FY14 Q1 FY15 Q2 FY15
Slide 10: Quarterly Financial Trends: Deleveraging the Balance Sheet
QUARTERLY FINANCIAL TRENDS Focus on Deleveraging the Balance Sheet Capital Structure Debt and Net Debt (Rs.mn) (Rs. million) Dec 31, 2014 Mar 31, 2014 5,916 5,475 5,078 4,786 Long Term Borrowings 3,780 4,908 Short Term 1,298 1,008 Borrowings Total Debt 5,078 5,916 Less: Cash & Cash 292 441 Equivalen
Slide 11: Dynamatic Overview
DYNAMATIC OVERVIEW Diversified • A combination of stable and high growth businesses with highly engineered products for the business automotive, hydraulic, aerospace and defence industries • Successful track record of enhancing manufacturing capabilities through R&D and selective acquisitions Compet
Slide 12: Dynamatic Overview
DYNAMATIC OVERVIEW Vertically • Advanced iron and aluminium foundries in India and Germany for captive use Integrated • Owns one of the most advanced ferrous foundries in Europe (Germany) capable of Facilities manufacturing highly intricate castings • In-house division for design validation and opti
Slide 13: Dynamatic Overview
DYNAMATIC OVERVIEW Combination of Stable and High Growth Businesses AUTOMOTIVE • Ferrous and non-ferrous automotive components including • Audi • Hyundai engine, transmission, • BMW • Nissan turbocharger and chassis parts • Daimler • Tata Motors 65% of Q3 FY15 • Metallurgical ferrous and • Ford • Vo
Slide 14: Blue Chip Investor Base
BLUE CHIP INVESTOR BASE Shareholding Structure Key Institutional Investors Others • Goldman Sachs India Equity • DSP Blackrock Opportunities Promoters Fund Fund 27% 51% • HDFC Trustee Company • Principal Mutual Fund Limited (HDFC Infrastructure • Param Capital Research Pvt DIIs Fund) Ltd 5% • SBI Ma
Slide 15: Financial Statements: Income Statement
FINANCIAL STATEMENTS Income Statement Profit & Loss Statement (Rs. million) Q3 FY14 Q4 FY14 Q1 FY15 Q2 FY15 Q3 FY15 Revenues Net Sales / Income from Operations (Net of Excise Duty) 3,960 4,266 4,217 4,270 3,790 Other Operating Income 39 39 33 49 45 Total Revenues 3,999 4,304 4,250 4,319 3,835 Expens
Slide 16: Financial Statements: Balance Sheet – Assets
FINANCIAL STATEMENTS Balance Sheet – Assets Balance Sheet (Rs. million) Q2 FY14 Q4 FY14 Q2 FY15 ASSETS Non-Current Assets Goodwill 679 679 679 Fixed Assets i) Tangible Fixed Assets 5,685 5,967 5,558 ii) Intangible Fixed Assets 272 224 193 iii) Capital work in progress 769 28 71 iv) Intangible fixed
Slide 17: Financial Statements: Balance Sheet – Liabilities
FINANCIAL STATEMENTS Balance Sheet – Liabilities Balance Sheet (Rs. million) Q2 FY14 Q4 FY14 Q2 FY15 EQUITY and LIABILITIES Shareholders Fund Share capital 54 55 60 Reserves and surplus 859 1,376 2,134 Money Received against Share Warrants 125 100 0 Non-controlling interest (Preference capital) 330
Slide 18: Contact Details
CONTACT DETAILS Mr. Hanuman Sharma Executive Director and Chief Financial Officer Dynamatic Technologies Limited Dynamatic Park Peenya Industrial Area Bangalore 560 058 India T: +91 80 2839 4933 / 34 / 35 F: +91 80 2839 5823 E: hanuman.sharma@dynamatics.net Mr. Naveen Chandra DGM - Head Legal, Compl