Dixon Technologies (india) Ltd. · NSE:DIXON
Dixon Technologies (india) — Q4 FY2023 Earnings Presentation
31 slides from Dixon Technologies (india)'s earnings presentation, May 23, 2023
Slide 1: Outcome of Board Meeting
Dixon® The brand behind brands Dixon Technologies (India) Ltd. 23 rd May, 2023 To To Secretary Secretary Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Phiroze Jeejeebhoy Towers, Mumbai
Slide 2: Board Meeting Timing and Signature
Time of Commencement of Board Meeting: 2: 15 P.M. Time of Conclusion of Board M eeting: "3 ~ 55 P.f'I\ _ You are kind ly requested to take the aforesaid on your records. Thanking You, For DIXON TECHNOLOGIES (INDIA) LIMITED ASHISH Digitally signed by ASHISH KUMAR KUMAR Date: 2023.05.23 16:21:38 +05'3
Slide 3: Independent Auditor's Report - Standalone
S.N. Dhawan & CO LLP 2"' floor, 51-52, Sector 18, Phase IV, Udyog Vihar, Gurugram, Haryana 122016, India Chartered Accountants · Tel: +91 124 481 4444 Independent Auditor's Report To the Board of Directors of DIXON TECHNOLOGIES (INDIA) LIMITED Report on the Audit of Standalone Financial Results Opi
Slide 4: Management's Responsibilities for the Statement
maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that ar
Slide 5: Auditor's Responsibilities
we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions m
Slide 6: Audited Standalone Financial Results
DIXON TECHNOLOGIES (INDIA) LIMITED REGISTERED OFFICE B14 & 15,PHASE II, NOIDA UTTAR PRADESH-201305 CIN: L32101UP1993PLC066581, Website: www.dixoninfo.com STATEMENT OF AUDITED STAN DALONE FINANCIAL RESULTS FOR THE QUARTER A ND YEAR ENDED 3 1 MARCH, 2023 (Rupees in Lakhs unless otherwise stated) S.No.
Slide 7: Standalone Balance Sheet
DIXON TECHNOLOGIES (INDIA) LIMITED REGISTERED OFFICE B14 & 15,PHASE II, NOIDA UTTAR PRADESH-201305 CIN : L32101UP1993PLC066581, Website: www.d ixoninfo.com STANDALONE BALANCE SHEET AS AT 31 MARCH, 2023 (Rupees in Lakhs unless otherwise stated) As at As at 31-Mar- 2023 31- Mar-2022 Audited Audited AS
Slide 8: Standalone Statement of Cash Flow
DIXON TECHNOLOGIES (INDIA) LIMITED REGISTERED OFFICE B14 & 15,PHASE II, NOIDA UTTAR PRADESH-201305 CIN: L32101UP1993PLC066581, Website: www.dixoninfo.com STANDALONE STATEMENT OF CASH FLOW FOR THE YEAR EN DED 31 MARCH 2023 ( Rupees in Lakhs unless otherwise stated) Year ended Year ended 31 March, 202
Slide 9: Independent Auditor's Report - Consolidated
S.N. Dhawan & CO LLP 2·• floor, 51-52, Sector 18 Phase IV, Udyog Vihar, G~rugram, Chartered Accountants Haryana 122016, India Independent Auditor' s Report Tel: +91 124 481 4444 To the Board of Directors of DIXON TECHNOLOGIES (INDIA) LIMITED Report on the audit of consolidated financial results I Op
Slide 10: Basis for Opinion
iii. give a true and fair view in conformity with the applicable Indian Accounting Standards prescribed under Section 133 of the Companies Act 2013 ("the Act") read with relevant rules issued thereunder and other accounting principles generally accepted in India, of the consolidated net profit and c
Slide 11: Auditor's Responsibilities for the Audit
The respective Board of Directors of the companies included in the Group and of its joint ventures are responsible for overseeing the financial reporting process of the Group and of its joint ventures. Auditor's responsibilities for the audit of the statement Our objectives are to obtain reasonable
Slide 12: Auditor's Responsibilities (continued)
which we are the independent auditors. For the other entities included in the Consolidated Financial Results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them . We remain solely responsi
Slide 13: Auditor's Signature
ii. The Consolidated Financial Results include the results for the quarter ended 31 March, 2023 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which we
Slide 14: Audited Consolidated Financial Results
PIXPN TECHNOLOGIES {INDIA) LIMITED REGISTERED OFFJCE 814 & 15,PHASE II, NOIDA UTTAR PRADESH-201305 CIN: LJ2101UP1993PLC066581, Website: www.dlxonlnfo.com STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE OUARTER AND YEAR ENDED 31 MARCH, 2023 ( Rupees in Lakhs unless otherwise stated) S .No
Slide 15: Consolidated Balance Sheet
DIXON TECHNOLOGIES CINDIA) LIMITED REGISTERED OFFICE 814 & 15,PHASE II, NOIDA UTTAR PRADESH-201305 CIN : l32101UP1993PLC066581, Website: www.dlxonlnfo.com CONSOLIDATED BALANCE SHEET AS AT 31 MARCH. 2023 (Rupees in Lakhs unless otherwise stated) Year Ended Year Ended 31-Mar-2023 31-Mar-2022 Audited A
Slide 16: Consolidated Statement of Cash Flow
DIXON TECHNOLOGIES CINDIA) LIMITED REGISTERED OFFICE 814 & 15,PHASE II, NOIDA UTTAR PRADESH- 201305 CIN : L32101UP1993PLC066581, Website: www.dlxonlnfo.com CONSOLIDATED STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31 MARCH , 2023 ( Rupees in Lakhs unless otherwise stated) As at As at 31-March-2023 31-M
Slide 17: Earnings Presentation Q4 & FY 22-23
EARNING PRESENTATION Q4 & FY 22-23
Slide 18: Table of contents
Table of contents Key highlights of Q4 & FY 22-23 03-04 Consolidated Results Summary 05 Segment Wise Analysis 06 - 10 Expenditure Analysis 11 Balance Sheet & Cash Flow 12 - 13 Key Financial Ratios 14
Slide 19: Key highlights – FY 22-23
Key highlights – FY 22-23 Revenue * EBITDA* EBITDA Margin PBT ₹ 12,198 crs ₹ 518 crs 4.3% ₹ 345 crs 14% YoY 35% YoY 70 bps 35% YoY ₹ 10,701 crs in FY22 ₹ 383 crs in FY22 3.6% in FY22 ₹ 255 crs in FY22 PBT Margin PAT PAT Margin Free Cash Flow 2.8% ₹ 256 crs 2.1% ₹ 276 crs 40 bps 34% YoY 30 bps (₹ 145
Slide 20: Key highlights – Q4, FY 22-23
Key highlights – Q4, FY 22-23 Revenue * EBITDA* EBITDA Margin ₹ 3,067 crs ₹ 158 crs 5.2% 4% YoY 32% YoY 110 bps ₹ 2,955 crs in Q4,FY22 ₹ 120 crs in Q4,FY22 4.1% in Q4,FY22 PBT PBT Margin PAT PAT Margin ₹ 112 crs 3.7% ₹ 81 crs 2.6% 29% YoY 80 bps 28% YoY 50 bps ₹ 87 crs in Q4,FY22 2.9% in Q4,FY22 ₹ 6
Slide 21: Consolidated Results Summary
Consolidated Results Summary Particulars (INR Crs) Q4, FY 22-23 Q4, FY 21-22 % Change FY 22-23 FY 21-22 % Change Income 3,065 2,953 4% 12,192 10,697 14% Expenses 2,909 2,835 3% 11,679 10,318 13% Operating Profit 156 118 32% 513 379 35% Operating Profit Margin 5.1% 4.0% 1.1% 4.2% 3.5% 0.7% Other Inco
Slide 22: Consumer Electronics
Consumer Electronics Revenue (INR Crs) Operating Profit (INR Crs) -3% 29% Q4,FY 22 Q4,FY 23 14% 39% 1,010 981 Revenue contribution 34% 32% 37 28 Operating Profit 26 contribution 24% 24% 864 ODM 5% 38% 2.8% 3.1% 3.7% Q4,FY22 Q3,FY23 Q4,FY23 Q4,FY22 Q3,FY23 Q4,FY23 Revenue (INR Crs) Operating Profit (
Slide 23: Lighting Products
Lighting Products Revenue (INR Crs) Operating Profit (INR Crs) Q4,FY 22 Q4,FY 23 -11% 21% 3% 10% Revenue contribution 10% 9% 305 263 270 Operating Profit contribution 18% 17% 24 26 22 ODM 90% 88% 7.1% 9.1% 9.7% Q4,FY22 Q3,FY23 Q4,FY23 Q4,FY22 Q3,FY23 Q4,FY23 Revenue (INR Crs) Operating Profit (INR C
Slide 24: Home appliances
Home appliances Revenue (INR Crs) Operating Profit (INR Crs) Q4,FY 22 Q4,FY 23 20% 67% 15% 23% Revenue contribution 8% 9% 281 Operating Profit contribution 16% 20% 31 244 25 234 19 ODM 100% 100% 7.9% 10.3% 11.0% Q4,FY22 Q3,FY23 Q4,FY23 Q4,FY22 Q3,FY23 Q4,FY23 Revenue (INR Crs) Operating Profit (INR
Slide 25: Mobile & EMS Division
Mobile & EMS Division Revenue (INR Crs) Operating Profit (INR Crs) 9% 28% Q4,FY 22 Q4,FY 23 54% 76% 1,294 1,410 Revenue contribution 59 44% 46% 46 915 Operating Profit contribution 39% 37% 33 3.5% 3.6% 4.1% Q4 FY23 Revenue includes :- Wearables & Hearables : INR 65 crs, Set top box : INR 48 crs,, Te
Slide 26: Security Systems (Dixon 50% share)
Security Systems (Dixon 50% share) Revenue (INR Crs) Operating Profit (INR Crs) 13% -4% 5% Q4,FY 22 Q4,FY 23 55% 4.0 124 3.8 3.6 Revenue contribution 4% 4% 118 3.0 2.0 Operating Profit 2.3 contribution 3% 2% 110 1.0 3.4% 2.0% 2.9% 0.0 Q4,FY22 Q3,FY23 Q4,FY23 Q4,FY22 Q3,FY23 Q4,FY23 Revenue (INR Crs)
Slide 27: Expenditure Analysis
Expenditure Analysis : Q4,FY 22-23 vs Q4,FY 21-22 Particulars (As a % of operating revenues) Q4, FY 22-23 Q4, FY 21-22 % Change Cost of Material Consumed 89.8% 90.8% -1.0% Employee benefit expenses 2.1% 1.8% 0.3% Finance Cost 0.5% 0.5% - Depreciation and Amortization Expense 1.1% 0.6% 0.5% Other exp
Slide 28: Balance sheet
Balance sheet Particulars (INR crs) 31st Mar’23 31st Mar ’22 Net Fixed Assets (A) 1,115 830 Right-of-use asset (B) 248 196 458 Other Non Current Assets (C) 177 104 317 Cash, Bank & ST Investments (D) 259 317 259 Current Assets 183 141 Trade Receivables 1,715 1,356 Inventories 958 1,156 (77) Other Cu
Slide 29: Cash Flow
Cash Flow Particulars (INR crs) FY 22-23 PBT 343 Depreciation & Amortization 115 Free Cash Flow* (crs) Others ( Net interest expenses, ESOP expenses etc.) 74 Working capital change 276 276 82 450 Taxes Paid (82) 74 Cash Flow from Operating Activities (A) 726 115 343 Capital expenditure (450) 276 Oth
Slide 30: Key Financial Ratios
Key Financial Ratios Inventory Days Debtors Days Creditors Days Net WC Days* 27 48 77 (2) (4) days +7 days 5 days (2) days 31 in FY22 41 in FY22 72 in FY22 0 in FY22 * Working capital days for 31st Mar, 23 calculated on quarterly basis ROCE%** ROE%*** 33.4% 22.4% 230 bps 50 bps 31.1 % FY22 21.9% FY2
Slide 31: Thank You
Dixon THANK YOU
Dixon Technologies (India) — Q4 FY2023 Earnings Presentation on 6ix