Slide 1: Q2 and H1 FY2019 Earnings Presentation
DYNAMATIC TECHNOLOGIES LIMITED Q2 and H1 FY2019 EARNINGS PRESENTATION “Ly (> St = Y HYDRAULICS AEROSPACE & DEFENCE AUTOMOTIVE
Slide 2: H1 FY2019 Performance Highlights
H1 FY2019 PERFORMANCE HIGHLIGHTS Highlights H1 FY19 vs. H1 FY18 • Net Revenue of Rs. 7,489 mn; up 21.0% from H1 FY2019 Revenue Breakup Rs. 6,188 mn in H1 FY18 H1 FY2019 o Aerospace & Defence segment revenue of Rs. 2,259 mn; up 41.0% from Rs. 1,603 mn H1 FY2018 o Hydraulics segment revenue of Rs. 1,8
Slide 3: Performance Highlights: Management Commentary
PERFORMANCE HIGHLIGHTS Management Commentary Commenting on the results, Mr. Udayant Malhoutra, CEO and Managing Director said: “Building on the strong start to the year, Dynamatic delivered robust financial results during the first half of the year with a 21% top line growth. This performance was le
Slide 4: Financial Performance Summary
FINANCIAL PERFORMANCE SUMMARY Consolidated Performance Highlights Q2 y-o-y Q1 q-o-q H1 y-o-y Rs. Million Growth Growth Growth FY19 FY18 (%) FY19 (%) FY19 FY18 (%) Revenue (Net of Excise 3,699 3,229 14.5% 3,790 (2.4)% 7,489 6,188 21.0% Duty) EBITDA 426 341 24.9% 414 2.7% 840 579 45.0% Margin (%) 11.5
Slide 5: Performance Highlights: Foreign Exchange Fluctuation
PERFORMANCE HIGHLIGHTS Foreign Exchange Fluctuation Exchange Rate Q2 FY2019 Q2 FY2018 Impact Impact % Q1 FY2019 Impact Impact % EURO vs. INR 80.6 73.3 7.4 10.0% 79.9 0.8 1.0% GBP vs. INR 91.2 83.3 7.9 9.5% 91.2 0.1 0.1% USD vs. INR 68.5 64.4 4.1 6.4% 67.0 1.5 2.2% Impact due to change in average exc
Slide 6: Aerospace and Defence Segment
AEROSPACE AND DEFENCE SEGMENT Financial Overview a Q2 y-o-y Q1 q-o-q H1 y-o-y Rs. Million FY19 FY18 Growth (%) FY19 Growth (%) FY19 FY18 Growth (%) Revenue 1,143 898 27.3% 1,116 2.4% 2,259 1,603 41.0% EBITDA 289 209 38.0% 277 4.3% 566 341 65.9% Margin (%) 25.3% 23.3% 24.8% 25.1% 21.3% Performance Ov
Slide 7: Hydraulics Segment
HYDRAULICS SEGMENT Financial Overview . Q2 y-o-y Q1 q-o-q H1 y-o-y Rs. Million FY19 FY18 Growth (%) FY19 Growth (%) FY19 FY18 Growth (%) Revenue 922 790 16.7% 884 4.3% 1,806 1,477 22.3% EBITDA 119 106 12.2% 74 60.8% 193 165 17.6% Margin (%) 12.9% 13.4% 8.4% 10.7% 11.1% Performance Overview • Hydraul
Slide 8: Automotive Segment
AUTOMOTIVE SEGMENT Financial Overview . Q2 y-o-y Q1 q-o-q H1 y-o-y Rs. Million FY19 FY18 Growth (%) FY19 Growth (%) FY19 FY18 Growth (%) Revenue 1,634 1,540 6.3% 1,790 (8.5)% 3,424 3,172 7.9% EBITDA 43 47 (8.5)% 71 (39.4)% 114 117 (2.6)% Margin (%) 2.6% 3.1% 4.0% 3.3% 3.7% Performance Overview • Wit
Slide 9: Quarterly Financial Trends
QUARTERLY FINANCIAL TRENDS Revenue (Rs. mn) and Growth (Q-o-Q) Segment Wise Revenue Contribution 3,720 3,790 3,699 3,229 3,304 2,958 24% 28% 29% 27% 29% 31% 12.6% 22% 23% 9.2% 24% 25% 23% 25% 2.3% 1.9% (17.8)% (2.4)% 54% 48% 47% 50% 47% 44% Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q1 FY18 Q2
Slide 10: Quarterly Financial Trends: Capital Structure
QUARTERLY FINANCIAL TRENDS Capital Structure Interest Expense (Rs. mn) & Interest Coverage (x) Sep 30, Jun 30, Mar 31, (Rs. million) 1.9x 2018 2018 2018 Long Term 1.5x 1.5x 4,667 4,772 4,893 Borrowings 0.7x 1.2x 1.0x Short Term 2,393 2,256 2,209 Borrowings 198 197 Total Debt 7,061 7,028 7,102 182 18
Slide 11: Dynamatic Overview
DYNAMATIC OVERVIEW Diversified • A combination of stable and high growth businesses with highly engineered products for the automotive, business hydraulic, aerospace and defense industries • Successful track record of enhancing manufacturing capabilities through R&D and selective acquisitions Compet
Slide 12: Dynamatic Overview
DYNAMATIC OVERVIEW Vertically • Advanced iron foundry in India and Germany. Also has aluminium foundry in India for captive use Integrated • Owns one of the most advanced ferrous foundries in Europe (Germany) capable of manufacturing highly Facilities intricate castings • In-house division for desig
Slide 13: Dynamatic Overview: Stable and High Growth Businesses
DYNAMATIC OVERVIEW Combination of Stable and High Growth Businesses AUTOMOTIVE • Ferrous and non-ferrous automotive components including engine, • Audi • Hyundai transmission, turbocharger and • BMW • Nissan chassis parts • Daimler • Tata Motors 46% of H1 FY19 • Metallurgical ferrous and aluminium •
Slide 14: Blue Chip Investor Base
BLUE CHIP INVESTOR BASE Shareholding Structure Key Institutional Investors • Samena Capital and Citi Group Others Promoters • HDFC Mutual Fund 25.6% 50.2% • Alchemy and Group • Taiyo Greater India Fund DIIs • Girish Gulati - HUF 10.8% • Mukul Agarwal and Group • SBI Mutual Fund FIIs • Premier Invest
Slide 15: Financial Statements: Income Statement
FINANCIAL STATEMENTS Income Statement (Y-O-Y and Q-o-Q Comparison) Profit & Loss Statement (Rs. million) Q2FY19 Q1 FY19 Q2FY18 Revenues Net Sales / Income from Operations (Net of Excise Duty) 3,699 3,790 3,229 Other Operating Income - - - Total Revenues 3,699 3,790 3,229 Expenses Cost of Raw Materia
Slide 16: Financial Statements: Balance Sheet – Assets
FINANCIAL STATEMENTS Balance Sheet – Assets Balance Sheet (Rs. million) Sep-18 Mar-18 Assets Non-current assets Property, plant and equipment 5,516 6,702 Capital work in progress 47 82 Goodwill 987 951 Intangible assets 266 274 Financial assets Investments 6 6 Loans 160 129 Other financial assets 2
Slide 17: Financial Statements: Balance Sheet – Liabilities
FINANCIAL STATEMENTS Balance Sheet – Liabilities Balance Sheet (Rs. million) Sep-18 Mar-18 EQUITY and LIABILITIES Shareholders Fund Share capital 63 63 Reserves and surplus 3,288 3,075 Money Received against Share Warrants - - Non-controlling interest (Preference capital) - - Total Shareholders Fund
Slide 18: 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 the “Company”) future busin
Slide 19: Contact Details
CONTACT DETAILS Mr. Chalapathi P 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: chalapathi.p@dynamatics.net Mr. Naveen Chandra Head – Legal, Compliance & Company Secretary Dynam