Slide 1: Cover letter to stock exchanges: Earnings Presentation
Ref: CEL/NSEBSE/EP/10112023 10th November, 2023 To, Listing Department Department of Corporate Services - Listing National Stock Exchange of India Limited BSE Limited Exchange Plaza, P. J. Towers, Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Re: Scrip Symbol:
Slide 2: Earnings Presentation Q2/H1-FY24
EARNINGS PRESENTATION Q2/H1-FY24
Slide 3: Snapshot
Snapshot 25+ years of domain expertise in Global Operations with strong Concept to Commissioning 1,800 Employees Electronics Design & Manufacturing presence in India, Europe and North capabilities 650 Designers Solutions America Flexible Engagement Models Strong Supply Chain Network Strong relations
Slide 4: Company Overview
Company Overview • Founded in 1993, Centum Electronics Limited H1-FY24 Key Business Segments: (Centum) is one of the largest Electronics System Operational Income (In Mn) and EBITDA • Engineering R&D (ER&D) Services (30%) – Involves Design and Manufacturing (ESDM) companies in Margins (%) conceptual
Slide 5: H1-FY24 Financial Overview
H1-FY24 FINANCIAL OVERVIEW
Slide 6: Q2/H1-FY24 Financial Highlights
Q2/H1-FY24 Financial Highlights Q2-FY24 Standalone Performance: Q2-FY24 Consolidated Performance: • Operational Income: INR 1,600 Mn • Operational Income: INR 2,482 Mn • Operational EBITDA: INR 211 Mn • Operational EBITDA: INR 172 Mn • Operational EBITDA Margin %: 13.19% • Operational EBITDA Margin
Slide 7: Q2-FY24 Consolidated Financial Performance
Q2-FY24 Consolidated Financial Performance EBITDA (INR Mn) Revenue from Operations (INR Mn) 3,000 250 2,475 2,482 211 2,500 2,011 172 200 2,000 150 1,500 100 83 1,000 50 500 - 0 Q2-FY23 Q1-FY24 Q2-FY24 Q2-FY23 Q1-FY24 Q2-FY24 PAT (INR Mn) EBITDA Margin (%) 11.00% 20 14 8.53% 10 6.93% 9.00% 0 7.00% -
Slide 8: Q2/H1-FY24 Operational Highlights
Q2/H1-FY24 Operational Highlights • Consolidated revenue from operations for Q2-FY24 was INR 248 crores, higher by 24% Y-o-Y. Consolidated EBITDA for Q2-FY24 was at 6.9% compared to 4.1% for the same period last year. • Standalone revenues grew by 25% Q-o-Q and 53% Y-o-Y driven by ramp up in the EMS
Slide 9: Quarterly Standalone Financial Performance
Quarterly Standalone Financial Performance Particulars (INR Mn) Q2-FY24 Q2-FY23 Y-o-Y Q1-FY24 Q-o-Q Operational Revenue 1,600 1,046 53.0% 1,281 24.9% Total Expenses 1389 1,012 37.3% 1,106 25.6% EBITDA 211 34 NA 175 20.6% EBITDA Margins (%) 13.19% 3.25% 994 Bps 13.66% (47) Bps Other Income 11 10 10.0
Slide 10: Half Yearly Standalone Financial Performance
Half Yearly Standalone Financial Performance Particulars (INR Mn) H1-FY24 H1-FY23 Y-o-Y Operational Income 2,880 2,026 42.2% Total Expenses 2,495 1,932 29.1% EBITDA 385 94 NA EBITDA Margins (%) 13.37% 4.64% 873 Bps Other Income 20 24 (16.7)% Depreciation 91 81 12.3% Finance Cost 89 70 27.1% Exceptio
Slide 11: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance Particulars (INR Mn) Q2-FY24 Q2-FY23 Y-o-Y Q1-FY24 Q-o-Q Operational Revenue 2,482 2,011 23.4% 2,475 0.3% Total Expenses 2310 1,928 19.8% 2,264 2.0% EBITDA 172 83 NA 211 (18.5)% EBITDA Margins (%) 6.93% 4.13% 280 Bps 8.53% (160) Bps Other Income 9 6 50.0%
Slide 12: Half Yearly Consolidated Financial Performance
Half Yearly Consolidated Financial Performance Particulars (INR Mn) H1-FY24 H1-FY23 Y-o-Y Operational Revenue 4,957 4,096 21.0% Total Expenses 4,569 3,900 17.2% EBITDA 388 196 98.0% EBITDA Margins (%) 7.83% 4.79% 304 Bps Other Income 20 32 (37.5)% Depreciation 217 218 (0.5)% Finance Cost 172 125 37.
Slide 13: Historical Standalone Income Statement
Historical Standalone Income Statement Particulars (INR Mn) FY21 FY22 FY23 H1-FY24 Operational Revenue 4,245 3,480 5,006 2,880 Total Expenses 3,621 3,055 4,470 2,495 EBITDA 624 425 536 385 EBITDA Margins (%) 14.70% 12.21% 10.71% 13.37% Other Income 39 58 47 20 Depreciation 158 165 162 91 Finance Cos
Slide 14: Standalone Balance Sheet
Standalone Balance Sheet Particulars (INR Mn) FY22 FY23 H1-FY24 Particulars (INR Mn) FY22 FY23 H1-FY24 ASSETS EQUITY AND LIABILITIES Non-Current Assets 2,120 2,219 2,416 Equity 2,645 2,826 2,955 (a) Property, Plant & Equipment 1,033 993 1,066 (a) Share Capital 129 129 129 (b) Capital Work in progres
Slide 15: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (INR Mn) FY21 FY22 FY23 H1-FY24 Operational Revenue 8,174 7,799 9,230 4,957 Total Expenses 7,279 7,057 8,468 4,569 EBITDA 895 742 762 388 EBITDA Margins (%) 10.95% 9.52% 8.26% 7.83% Other Income 58 80 59 20 Depreciation 453 432 438 217 Finance Cos
Slide 16: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (INR Mn) FY22 FY23 H1-FY24 Particulars (INR Mn) FY22 FY23 H1-FY24 ASSETS EQUITY AND LIABILITIES (1) Non-current assets 3,356 3,360 3,431 (1) Equity 1,985 2,040 1,993 (a) Property, Plant and Equipment 1,120 1,071 1,143 (a) Equity share capital 129 129 129 (b) Ca
Slide 17: Consolidated Financial Highlights
Consolidated Financial Highlights Operational Revenue PAT & PAT Margins (%) EBITDA & EBITDA Margins (%) 1.47% 9,230 2.00% 895 150 8,174 0.73% 15.00% 1.00% 7,799 100 762 120 900 742 67 13.00% 50 0.00% 800 -0.63% - 11.00% FY21 FY22 FY23 H1-FY24 -1.00% 10.95% 700 -50 4,957 9.00% -31 600 -100 9.52% -2.0
Slide 18: Capital Market Data
Capital Market Data 1 Year Stock Performance upto 30th September, 2023 330% Centum Sensex 280% 230% 180% 130% 80% 30% -20% Oct-22 Nov-22 Dec-22 Jan-23 Jan-23 Mar-23 Apr-23 May-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Price Data (As on 30th September, 2023) Shareholding Pattern (As on 30th September, 20
Slide 19: Disclaimer
Disclaimer Centum Electronics Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all eve