Slide 1: DCX Systems Limited Investor Presentation Q4 & FY25
Indigenise • Integrate • Manufacture DCX Systems Limited Investor Presentation Q4 & FY25
Slide 2: Disclaimer / Safe Harbor
Disclaimer / Safe Harbor This presentation has been prepared by DCX Systems Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not form the basis or be relied on in connection w
Slide 3: Table of Contents
Table of Contents 01 FINANCIAL HIGHLIGHTS 02 COMPANY OVERVIEW 03 BUSINESS OVERVIEW 04 INDUSTRY OVERVIEW 05 WAY AHEAD 06 GLOSSARY
Slide 4: Q4 & FY25 Financial Highlights
Q4 & FY25 Financial Highlights
Slide 5: Q4 FY25 Income Statement
Q4 FY25 Income Statement Standalone Consolidated Particulars (Rs. Crs.) Q4 FY25 Q4 FY24 Y-o-Y (%) Q3 FY25 Q-o-Q (%) Q4 FY25 Revenue from Operations 495.41 746.19 (33.61%) 283.11 74.99% 549.96 Raw Material Expenses 482.82 709.98 272.75 526.88 Employee Cost 4.25 2.81 3.56 6.84 Other Operating expenses
Slide 6: FY25 Income Statement
FY25 Income Statement Standalone Consolidated Particulars (Rs. Crs.) FY25 FY24 Y-o-Y (%) FY25 Revenue from Operations 1112.06 1423.40 (21.87%) 1083.67 Raw Material Expenses 1080.33 1185.08 1035.97 Changes in Inventory - 143.85 - Employee Cost 14.70 12.06 23.36 Other Operating expenses (Incl. FX Gain
Slide 7: March'25 Standalone Balance Sheet
March‘25 Standalone Balance Sheet Rs. in Crores Rs. in Crores 31st Mar-25 31st Mar-24 31st Mar-25 31st Mar-24 Total Equity & Liabilities Total Assets Shareholders Funds 1154.18 1118.91 Non Current Assets 196.78 51.34 Share Capital 22.28 22.28 Property, plant & Equipment 28.19 28.00 Other Equity 1131
Slide 8: Standalone Cash Flow Statement
Standalone Cash Flow Statement Particulars (Rs. Cr.) March ‘25 March ‘24 Net Profit Before Tax 54.77 85.40 Adjustment:- Depreciation 5.72 2.48 Interest Expenses 6.64 23.90 Interest Income (58.51) (43.24) Excess of cost over fair value of investments - - Profit on Sale of Fixed Asset (0.18) 0.00 Oper
Slide 9: Key Recent Developments
Key Recent Developments DCX entered into JV agreement with ELTA Systems to conduct business in the areas of Airborne Maritime Radar System, Fire Control Radar System, and other Radar Systems for Airborne and Land applications under "Make in India" projects Establishment of a new unit under the Domes
Slide 10: Company Overview
Company Overview
Slide 11: About Us
About Us • 30,000 sq. ft. • Preferred & largest • Diverse mix of domestic manufacturing unit, Indian Partner to & international strategically located in SEZ Israeli Defence customers across Israel, in Bengaluru Company, IAI. US, Korea & India • New Raneal EMS 40,000 sq. • Expanding into other ft. fa
Slide 12: Our Journey
Our Journey 2011-12 2015 2020 2022-23 ▪ Incorporated as ▪ Granted industrial license by ▪ Commissioned new ▪ Raneal Advanced Systems incorporated as wholly- private company Department of Industrial Policy & manufacturing facility at Hi- owned subsidiary, for backward integration into EMS ▪ Fulfilled
Slide 13: Consistent Growth
Consistent Growth Revenue Growth ( Rs. In crores) Consistent growth in top line 1500 1254 1424 driven by competent & 1102 1084 experienced leadership with 1000 focused vision and robust 641 500 execution capabilities 0 2021 2022 2023 2024 2025 CAGR of 14% on revenue growth over the last 4 years PAT
Slide 14: Experienced & Dynamic Leadership
Experienced & Dynamic Leadership Dr. H.S. Raghavendra Rao | Chairman & Managing Director ▪ Promoter of Company with over 3 decades of experience in electronics manufacturing, defence & aerospace sectors Diwakaraiah N J | Executive Director & Chief Financial Officer ▪ Conferred with Business Leader o
Slide 15: Integrated Business Model
Integrated Business Model Shift to Product Company Offset / Non-Offset ▪ Focus on transfer of technology from OEM 06 01 ▪ Strong relationship with Israeli Defence and Make-in-India Product Companies, built over a Decade ▪ Cater to diverse end applications – defence, ▪ IOP / Non-IOP partner for Israe
Slide 16: Strong Manufacturing base with Tech-enabled Product Development
Strong Manufacturing base with Tech-enabled Product Development Among preferred Indian Experienced & qualified Core competency & Promoters & senior Growing Cable & Wire Offset Partners for defence & Harness portfolio with aerospace industry across experience in electronics management team supported
Slide 17: Business Overview
Business Overview
Slide 18: Diversified Business Structure
Diversified Business Structure DCX Systems Limited Manufacturing System Integration Others Cable & Wire EMS (PCB IOP Non IOP Kitting MRO Harness Assembly) ❑ Focus on growing this ❑ Core competency of ❑ Preferred IOP for IAI ❑ Focusing on ❑ Supply assembly ready ❑ Testing & high margin business Compa
Slide 19: Manufacturing
Manufacturing Manufacturing Cables & Wire Harness ❑ Design & development of complex cables & wire harness ❑ Cater to electronic warfare & communication systems ❑ Established product portfolio covering cables & wire harnesses assemblies, like RF cables, co-axial, mixed signal, power, & data cables ❑
Slide 20: Electronics Manufacturing Services
Electronics Manufacturing Services RANEAL ADVANCED SYSTEMS ▪ For ▪ Used in Defence, ▪ Better cost Manufacturing, Aerospace, control Qualification & Industrial ▪ Supply chain Life cycle support Electronics, Medical rationalization & of high reliability Electronics etc. resource planning electronic ▪
Slide 21: NIART Systems – Railways Opportunity
NIART Systems – Railways Opportunity JV with ELTA Systems ➢ DCX formed JV with ELTA Systems – named NIART Systems Ltd – to develop MOATs / Benefits obstacle detection solutions ➢ Company benefits from technical ➢ JV to obtain ToT from ELTA & leverage know-how from ELTA while leveraging DCX’s manufac
Slide 22: System Integration
System Integration System integration (SI) services include electronics and electro-mechanical assemblies Covers in-house quality testing, e.g. vibration & environmental stress testing of complex RF products Used in radar, communication, surveillance & missile systems Preferred IOP partner for globa
Slide 23: IOP Capability for Offset Opportunities
Offset Opportunities Electronic Assemblies Automatic missile detection radars ▪ Among largest IOPs for IAI IOP Capability for Group, Israel, for Indian defence market Unmanned aerial vehicle systems ▪ “Build-to-Print” System Integration and Barak Systems manufacture cable & wire harness assemblies M
Slide 24: Others Business Verticals
Others Business Verticals MRO ❑ Sizeable opportunity in Maintenance, Repair & Overhaul ❑ DCX would be in better position to offer MRO services as it has in-house testing machinery provided by OEMs ❑ Additional stream of revenue with better margins ❑ Minimal capex involved Kitting ❑ Supply assembly r
Slide 25: Strong & Increasing Customer-base Supporting DCX
Strong & Increasing Customer-base Supporting DCX Key Customers Working closely with clients: ✓ For timely execution ✓ For ‘Just-in-Time’ Inventory Management ✓ To improve quality of raw materials supplied Customers typically DCX & its customers Obsolescence proof – Customers provide Operational reim
Slide 26: Industry Overview
Industry Overview a -
Slide 27: Indigenous Industry Drivers
Indigenous Industry Drivers Atma Nirbhar Bharat • Positive Indigenization List / Make in India • Budget Allocation • Corporation of Ordnance Factory Board (OFBs) • FDI Norms • Indian Offset – Self Reliant Industry Tailwinds: • Application of EMS products in civilian & other sectors like medical devi
Slide 28: Growing Defence Landscape presents key Opportunities
Growing Defence Landscape presents key Opportunities Growth Drivers Global Defence Spending Forecast (in USD billion) CAGR: 3.99% Ongoing political tensions and geopolitical uncertainty 2,524 2,600 2,652 2,290 2,427 2,181 Great power struggle and competition amongst nations Modernisation of armed fo
Slide 29: Well-placed to Capitalize on Industry Tailwinds
Well-placed to Capitalize on Industry Tailwinds High India market potential for DCX USD Mn CAGR: 15.4% Numerous Government Initiatives Cable & Wire Harness 1,477.3 Industry Size 541.2 Positive Indigenisation List 2022 2029 USD Mn CAGR: 49.7% 4,510.0 Defence Acquisition Policy 2020 EMS Industry Size
Slide 30: Way Ahead
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Slide 31: De-Risking Strategies
De-Risking Strategies Backward New Grow Share of Grow Cable & Integration Geographies Non-Offset Wire Harness into EMS Penetration Projects Business • Tap into new • PCBAs manufacturing • Expand global presence • Focus on growing this opportunities in through subsidiary, in aerospace & defence produ
Slide 32: Move Towards Product Company
Move Towards Product Company Technology Driven Product Company ToT also saves Govt. identified list of indigenous Focus on Transfer of Save on R&D costs by products (cannot be imported, must manpower cost and Technology (ToT), acquiring ToT from be manufactured in India) – DCX aims product developme
Slide 33: Glossary
Glossary Term Description Term Description DAP Defence Acquisition Policy IPC Institute for Printed Circuit LRSAM Long Range Surface-to-Air Missiles DOMW Defence Offset Management Wing MoD Ministry of Defence EMS Electronic Manufacturing Services MRO Maintenance, Repair and Overhaul PCBA Printed Cir
Slide 34: Thank You
Thank You Company : Investor Relations Advisors : DCX Systems Limited Adfactors PR Pvt. Ltd. Mr. Amit Sharma cs@dcxindia.com amit.sharma@adfactorspr.com Mr. Rahul Trivedi rahul.trivedi@adfactorspr.com www.dcxindia.com www.adfactorspr.com 34