Slide 1: Q2 and H1 FY2020 Earnings Presentation
DYNAMATIC TECHNOLOGIES LIMITED Q2 and H1 FY2020 EARNINGS PRESENTATION iS _ “1 Se HYDRAULICS AEROSPACE & DEFENCE AUTOMOTIVE
Slide 2: H1 FY2020 Performance Highlights
H1 FY2020 PERFORMANCE HIGHLIGHTS Highlights H1 FY2020 vs. H1 FY2019 H1 FY2020 Revenue Breakup • Net Revenue of Rs.6,952 mn; down 7.2% from Rs. H1 FY2020 7,489 mn in H1 FY19 o Aerospace & Defence segment revenue of Rs. 2,388 mn; up 5.7.% from Rs. 2,259 mn H1 FY2019 o Hydraulics segment revenue of Rs.
Slide 3: Performance Highlights: Management Commentary
PERFORMANCE HIGHLIGHTS Management Commentary Commenting on the results, Mr. Udayant Malhoutra, CEO and Managing Director said: “The Aerospace segment’s performance remained robust with increased profitability due to steady delivery of our order book and process improvement initiatives undertaken by
Slide 4: Financial Performance Summary
FINANCIAL PERFORMANCE SUMMARY Consolidated Performance Highlights Q2 Q1 H1 Rs. Million FY20 FY19 FY20 FY20 FY19 Revenue 3,205 3,699 3,747 6,952 7,489 EBITDA 476 426 577 1,051 840 Profit Before Tax (PBT) 88 134 165 253 280 Profit After Tax (PAT) 68 79 102 170 162 Basic EPS (Rs.) 10.74 12.43 16.03 26.
Slide 5: Performance Highlights: Foreign Exchange Fluctuation
PERFORMANCE HIGHLIGHTS Foreign Exchange Fluctuation Exchange Rate Q2 FY2020 Q2 FY2019 Impact Q1 FY2020 Impact EURO vs. INR 78.19 80.67 (2.48) 78.15 0.05 GBP vs. INR 88.07 91.24 (3.18) 89.43 (1.37) USD vs. INR 69.96 68.51 1.44 69.56 0.40 Impact due to change in average exchange rates (Y-o-Y) Q2 FY202
Slide 6: Aerospace and Defence Segment
AEROSPACE AND DEFENCE SEGMENT Financial Overview a Q2 y-o-y Q1 H1 y-o-y Rs. Million FY20 FY19 FY20 FY20 FY19 Revenue 1,190 1,143 1,198 2,388 2,259 EBITDA 415 289 382 797 566 Adjusted EBITDA 337 289 313 649 566 Performance Overview • Continued order book execution and delivery leading to Q2 FY2020 re
Slide 7: Hydraulics Segment
HYDRAULICS SEGMENT Financial Overview . Q2 y-o-y Q1 H1 y-o-y Rs. Million FY20 FY19 FY20 FY20 FY19 Revenue 766 922 868 1,634 1,806 EBITDA 59 119 108 167 193 Adjusted EBITDA 46 119 86 132 193 Performance Overview • Hydraulics segment revenue growth was impacted by the overall slowdown. • Outlook: Rise
Slide 8: Automotive and Metallurgy Segment
AUTOMOTIVE AND METALLURGY SEGMENT Financial Overview . Q2 y-o-y Q1 H1 y-o-y Rs. Million FY20 FY19 FY20 FY20 FY19 Revenue 1,249 1,634 1,681 2,930 3,424 EBITDA 43 43 125 168 114 Adjusted EBITDA 5 43 90 95 114 Performance Overview • With a focus on margin expansion, low margin products rationalization
Slide 9: Quarterly Financial Trends
QUARTERLY FINANCIAL TRENDS Revenue (Rs. mn) and Growth (Q-o-Q) Segment Wise Revenue Contribution 3,790 3,699 3,849 3,747 3,666 3,205 5.0% 29% 31% 33% 32% 32% 37% 1.9% (0.9)% 23% 25% 24% 24% 23% (2.4)% (2.6)% 24% 47% 44% 43% 44% 45% 39% (14.5)% Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q1 FY19
Slide 10: Quarterly Financial Trends: Capital Structure
QUARTERLY FINANCIAL TRENDS Capital Structure Net Debt/LTM EBITDA & Debt/Equity (x) (Rs. million) Dec-18 Mar-19 Jun-19 Sep-19 3.9x 3.7x Long Term 4,521 4,424 4,300 3,975 4.0x Short Term 2,365 2,160 2,276 2,324 3.4x 3.4x Operating 2.4x 2.3x - - 1,353 1,416 Lease 2.1x Total Debt 6,886 6,584 7,929 7,715
Slide 11: Dynamatic Overview
DYNAMATIC OVERVIEW Diversified • A combination of stable and high growth businesses with highly engineered products for business the automotive, 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 Integrated captive use Facilities • Owns one of the most advanced ferrous foundries in Europe (Germany) capable of manufacturing highly 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 METALLURGY automotive components • Audi • Hyundai including engine, transmission, • BMW • Nissan turbocharger and chassis parts • Daimler • Tata Motors • Metallurgical ferrous and • Ford • Volk
Slide 14: Blue Chip Investor Base
BLUE CHIP INVESTOR BASE Shareholding Structure Key Institutional Investors Promoters • Samena Capital Others 48.8% 25.5% • HDFC Mutual Fund • Alchemy and Group • Taiyo Greater India Fund DIIs • Girish Gulati - HUF 10.8% • Mukul Agarwal and Group • SBI Mutual Fund FIIs • Premier Investment Fund 14.9%
Slide 15: Financial Statements: Income Statement
FINANCIAL STATEMENTS Income Statement (Y-O-Y and Q-o-Q Comparison) Profit & Loss Statement (Rs. million) Q2FY20 Q1FY20 Q2FY19 Revenues Net Sales / Income from Operations (Net of Excise Duty) 3,205 3,747 3,699 Other Operating Income - - - Total Revenues 3,205 3,747 3,699 Expenses Cost of Raw Material
Slide 16: Financial Statements: Balance Sheet – Assets
FINANCIAL STATEMENTS Balance Sheet – Assets Balance Sheet (Rs. million) Sep-19 Mar-19 Sep-18 Assets Non-current assets Property, plant and equipment 5,300 5,259 5,516 Capital work in progress 62 56 47 Goodwill 903 925 987 Intangible assets 230 254 266 Right of use assets 1,256 - - Financial assets I
Slide 17: Financial Statements: Balance Sheet – Liabilities
FINANCIAL STATEMENTS Balance Sheet – Liabilities Balance Sheet (Rs. million) Sep-19 Mar-19 Sep-18 EQUITY and LIABILITIES Shareholders Fund Share capital 63 63 63 Reserves and surplus 3,274 3,186 3,288 Total Shareholders Fund 3,337 3,249 3,352 Non-Current Liabilities Financial liabilities Borrowings
Slide 18: Financial Statements: Cash Flow Statements
FINANCIAL STATEMENTS Cash Slow Statements Cash Flow Statement (Rs. million) Sep-19 Sep-18 Net cash generated from operating activities 537 531 Net cash used in investing activities (151) (95) Net cash (used in)/provided by financing activities (611) (670) Net increase/(decrease) in cash and cash equ
Slide 19: 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 20: Contact Details
CONTACT DETAILS Mr. Chalapathi P F: +91 80 2839 5823 E: chalapathi.p@dynamatics.net Mr. Shivaram V F: +91 80 2839 5823 E: shivaram.v@dynamatics.net Dynamatic Technologies Limited Dynamatic Park Peenya Industrial Area Bangalore 560 058 India T: +91 80 2839 4933 / 34 / 35 www.dynamatics.net CIN: L7220