Slide 1: Q4 and Full Year FY2022 Earnings
Q4 and Full Year FY2022 EARNINGS Hydraulics Aerospace Metallurgy
Slide 2: FY2022 Performance Highlights
FY2022 PERFORMANCE HIGHLIGHTS Highlights FY2022 vs. FY2021 FY2022 Revenue Breakup • Revenue of Rs. 1,253.4 cr; up 12.1% from Rs. 1,118.2 cr FY2022 in FY21 29% o Aerospace segment revenue of Rs. 360.1 cr; down by 37% FY2021 3.7% from Rs. 374.0 cr 40% 34% o Hydraulics segment revenue of Rs. 423.7 cr;
Slide 3: Q4 FY2022 Performance Highlights
Q4 FY2022 PERFORMANCE HIGHLIGHTS Highlights Q4 FY2022 vs. Q4 FY2021 Q4 FY2022 Revenue Breakup • Revenue of Rs. 320.9 cr; down 9.2% from Rs. 353.3 cr Q4 FY2022 in Q4 FY21 33% 31% o Aerospace segment revenue of Rs. 99.4 cr; down by Q4 FY2021 31% 8.6% from Rs. 108.7 cr 42% o Hydraulics segment revenue
Slide 4: Performance Highlights: Management Commentary
PERFORMANCE HIGHLIGHTS Management Commentary Commenting on the results, Mr. Udayant Malhoutra, CEO and Managing Director said: 4
Slide 5: Financial Performance Summary
FINANCIAL PERFORMANCE SUMMARY Consolidated Performance Highlights (Continuing Operations) Q4 Q3 Full Year Rs. crore FY22 FY21 FY22 FY22 FY21 Revenue 320.9 353.3 307.7 1,253.4 1,118.2 EBITDA 48.2 49.3 43.0 169.2 149.0 Profit Before Tax (PBT) 16.8 12.9 10.4 41.6 7.6 PAT 15.0 4.2 8.0 32.1 2.0 EPS for C
Slide 6: Performance Highlights: Foreign Exchange Fluctuation
PERFORMANCE HIGHLIGHTS Foreign Exchange Fluctuation Exchange Rate Q4 FY2022 Q4 FY2021 Impact Q3 FY2022 Impact EURO vs. INR 86.61 86.62 (0.01) (0.0)% 87.34 (0.73) (0.8)% GBP vs. INR 101.81 97.04 4.77 4.9% 102.11 (0.30) (0.3)% USD vs. INR 74.51 74.21 0.30 0.4% 74.27 0.24 0.3% Impact due to change in a
Slide 7: Aerospace Segment
AEROSPACE SEGMENT Financial Overview a Q4 Q3 Full Year y-o-y y-o-y Rs. crore FY22 FY21 FY22 FY22 FY21 Revenue 99.4 108.7 95.6 360.1 374.0 EBITDA 26.1 31.5 30.1 99.0 111.3 Performance Overview • The aerospace segment growth declined by 3.7% y-o-y impacted by global supply chain disruptions. • Outlook
Slide 8: Hydraulics Segment
HYDRAULICS SEGMENT Financial Overview . Q4 Q3 Full Year y-o-y y-o-y Rs. crore FY22 FY21 FY22 FY22 FY21 Revenue 114.0 97.4 107.8 423.7 EBITDA 23.2 1.4 18.5 73.2 Performance Overview • Hydraulics segment has continued its strong performance in FY2022 and improved margin levels supported by demand from
Slide 9: Metallurgy Segment
METALLURGY SEGMENT Financial Overview . Q4 Q3 Full Year y-o-y y-o-y Rs. crore FY22 FY21 FY22 FY22 FY21 Revenue 105.3 147.1 102.2 465.0 441.9 EBITDA 5.0 0.8 1.4 20.3 18.2 Performance Overview • Metallurgy segment growth impacted by adverse demand scenario, shortage of semiconductors and other supply
Slide 10: Quarterly Financial Trends
QUARTERLY FINANCIAL TRENDS Revenue (Rs. cr) and Growth % (Q-o-Q) Segment Wise Revenue Contribution 45.0% 15.3% 14.0% 4.3% (9.3)% (5.0)% 1.1% (38.7)% 34% 37% 42% 39% 33% 33% 43% 44% 22% 29% 28% 35% 36% 27% 29% 36% 44% 35% 185.4 268.8 310.0 353.3 320.4 304.4 307.7 320.9 30% 31% 27% 26% 31% 31% Q1 FY21
Slide 11: Quarterly Financial Trends: Capital Structure
QUARTERLY FINANCIAL TRENDS Capital Structure Net Debt/LTM EBITDA & Debt/Equity (x) (Rs. crore) Mar-21 Sep-21 Mar-22 Long Term 426.8 371.3 378.1 Short Term 150.5 155.3 165.4 3.5x 2.8x 3.0x Total Debt 577.3 526.6 543.5 Less: Cash & Cash 60.6 59.2 39.7 Equivalents 1.4x 1.3x 1.3x Net Debt 516.7 467.4 50
Slide 12: Dynamatic Overview
DYNAMATIC OVERVIEW • A combination of stable and high growth businesses with highly engineered products for Diversified the automotive, hydraulic and aerospace industries business • Successful track record of enhancing manufacturing capabilities through R&D and selective acquisitions • One of the wo
Slide 13: Dynamatic Overview
DYNAMATIC OVERVIEW Vertically • Owns one of the most advanced ferrous foundries in Europe (Germany) capable of Integrated manufacturing highly intricate castings Facilities • In-house division for design validation and optimization, analysis and prototypes • 9 Facilities globally, spread across Indi
Slide 14: Dynamatic Overview
DYNAMATIC OVERVIEW Combination of Stable and High Growth Businesses AEROSPACE • Wings, rear fuselages, ailerons, wing flaps and major airframe • Airbus • Spirit structures • Boeing Aerosystems 29% of FY22 • Ramp structure assembly • Bell • HAL Revenue • AFT Pylon assembly • Hydraulic valves • Cummin
Slide 15: Blue Chip Investor Base
BLUE CHIP INVESTOR BASE Shareholding Structure Key Investors • Samena Capital • HDFC Mutual Fund Others 34.6% Promoters • Alchemy and Group 44.8% • Mukul Agarwal and Group • Girish Gulati – HUF • Abakkus Emerging Opportunities Fund Alternative Investment • Madhusudan Kela and Group Fund DIIs • Rohin
Slide 16: Financial Statements: Consolidated P&L (Y-o-Y)
FINANCIAL STATEMENTS Consolidated P&L Statement (Y-o-Y) Profit & Loss Statement (Rs. crore) FY21 FY22 Continuing operations: Revenues Revenue from operations 1,118.2 1,253.4 Expenses Cost of materials and components consumed 541.6 614.9 Change in inventory of finished goods and work-in-progress 8.5
Slide 17: Financial Statements: Consolidated P&L (Q-o-Q)
FINANCIAL STATEMENTS Consolidated P&L Statement (Q-o-Q Comparison) Profit & Loss Statement (Rs. crore) Q4 FY21 Q3 FY22 Q4 FY22 Continuing Operations: Revenues Revenue from operations 353.3 307.7 320.9 Expenses Cost of materials and components consumed 180.6 145.5 158.2 Change in inventory of finishe
Slide 18: Financial Statements: Balance Sheet - Assets
FINANCIAL STATEMENTS Consolidated Balance Sheet - Assets Balance Sheet (Rs. crore) Mar-21 Mar-22 Assets Non-current assets Property, plant and equipment 445.3 444.0 Capital work in progress 3.3 14.5 Goodwill 102.2 101.0 Intangible assets 23.2 24.9 Right of use assets 137.0 115.4 Financial assets Inv
Slide 19: Financial Statements: Balance Sheet - Liabilities
FINANCIAL STATEMENTS Consolidated Balance Sheet - Liabilities Balance Sheet (Rs. crore) Mar-21 Mar-22 Equity and liabilities Equity Equity share capital 6.3 6.3 Other equity 362.4 375.1 Total shareholders fund 368.8 381.4 Non-current liabilities Financial liabilities Borrowings 363.4 298.5 Lease lia
Slide 20: Financial Statements: Cash Flow Statement
FINANCIAL STATEMENTS Cash Flow Statement Cash Flow Statement (Rs. crore) FY2021 FY2022 Cash flow from operating activities Profit before tax Continuing operations 7.6 41.6 Discontinued operations (23.9) (16.6) (16.3) 25.0 Adjustments: Interest income (3.2) (2.6) Gain on sale of property, plant and e
Slide 21: Financial Statements: Cash Flow Statement
FINANCIAL STATEMENTS Cash Flow Statement Cash Flow Statement (Rs. crore) FY2021 FY2022 Cash flows from investing activities Acquisition of property, plant and equipment, right to use (19.7) (58.1) assets and intangibles Proceeds from sale of property, plant and equipment 0.0 65.0 pertaining to disco
Slide 22: 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 23: 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 JKM Plaza, Dynamatic Aerotropolis 55, KIADB Aerospace Park Devanahalli, Bangalore 562 110 India T: +91 80 2839 4933 / 34