Slide 1: Q1 FY2019 Earnings Presentation
DYNAMATIC TECHNOLOGIES LIMITED Q1 FY2019 EARNINGS PRESENTATION o s” a me i ss HYDRAULICS AEROSPACE & DEFENCE AUTOMOTIVE
Slide 2: Q1 FY2019 Performance Highlights
Q1 FY2019 PERFORMANCE HIGHLIGHTS Highlights Q1 FY19 vs. Q1 FY18 • Net Revenue of Rs. 3,790 mn; up 28.1% from Q1 FY2019 Revenue Breakup Rs. 2,958 mn in Q1 FY18 Q1 FY2019 o Aerospace & Defence segment revenue of Q1 FY2018 Rs. 1,116 mn; up 58.3% from Rs. 705 mn o Hydraulics segment revenue of Rs. 884 2
Slide 3: Performance Highlights: Management Commentary
PERFORMANCE HIGHLIGHTS Management Commentary Commenting on the results, Mr. Udayant Malhoutra, CEO and Managing Director said: “Q1 FY2019 financial performance was a result of the strategic initiatives undertaken by the Company over the past few years. During the quarter, the Aerospace & Defence seg
Slide 4: Financial Performance Summary
FINANCIAL PERFORMANCE SUMMARY Consolidated Performance Highlights Q1 Q4 y-o-y q-o-q Rs. Million FY19 FY18 Growth (%) FY18 Growth (%) Revenue (Net of Excise Duty) 3,790 2,958 28.1% 3,720 1.9% EBITDA 414 236 75.2% 478 (13.3)% Margin (%) 10.9% 8.0% 12.8% Profit Before Tax (PBT) 146 (38) nm 182 (19.9)%
Slide 5: Performance Highlights: Foreign Exchange Fluctuation
PERFORMANCE HIGHLIGHTS Foreign Exchange Fluctuation Exchange Rate Q1 FY2019 Q1 FY2018 Impact Impact % Q4 FY2018 Impact Impact % EURO vs. INR 79.86 71.02 8.83 12.4% 75.42 4.43 5.9% GBP vs. INR 91.16 82.47 8.69 10.5% 85.47 5.68 6.6% USD vs. INR 67.04 64.46 2.59 4.0% 64.45 2.59 4.0% Impact due to chang
Slide 6: Aerospace and Defence Segment
AEROSPACE AND DEFENCE SEGMENT Financial Overview a Q1 y-o-y Q4 q-o-q Rs. Million FY19 FY18 Growth (%) FY18 Growth (%) Revenue 1,116 705 58.3% 1,010 10.5% EBITDA 277 132 110.3% 243 14.3% Margin (%) 24.8% 18.7% 24.0% Performance Overview • Continuing order book execution led to substantial revenue gro
Slide 7: Hydraulics Segment
HYDRAULICS SEGMENT Financial Overview . Q1 y-o-y Q4 q-o-q Rs. Million FY19 FY18 Growth (%) FY18 Growth (%) Revenue 884 643 37.5% 867 1.9% EBITDA 78 58 34.1% 122 (35.7)% Margin (%) 8.9% 9.1% 14.1% Performance Overview • Hydraulics segment continued its strong performance during Q1 FY2019 as both Agri
Slide 8: Automotive Segment
AUTOMOTIVE SEGMENT Financial Overview . Q1 y-o-y Q4 q-o-q Rs. Million FY19 FY18 Growth (%) FY18 Growth (%) Revenue 1,790 1,609 11.2% 1,843 (2.9)% EBITDA 65 61 7.6% 133 (50.9)% Margin (%) 3.6% 3.8% 7.2% Performance Overview • With a focus on margin expansion, low margin products rationalization conti
Slide 9: Quarterly Financial Trends
QUARTERLY FINANCIAL TRENDS Revenue (Rs. mn) and Growth (Q-o-Q) Segment Wise Revenue Contribution 3,600 3,720 3,790 3,229 3,304 25.1% 23.8% 27.8% 28.8% 27.1% 29.4% 2,958 2.5% 1.9% 19.5% 21.7% 23.3% 12.6% 24.5% 24.5% 23.3% 9.2% (17.8)% 2.3% 55.4% 54.4% 47.7% 46.7% 49.5% 47.2% Q4 FY17 Q1 FY18 Q2 FY18 Q
Slide 10: Quarterly Financial Trends
QUARTERLY FINANCIAL TRENDS Capital Structure Interest Expense (Rs. mn) & Interest Coverage (x) (Rs. million) Jun 30, 2018 Mar 31, 2018 1.9x Long Term Borrowings 4,772 4,893 1.5x Short Term Borrowings 2,256 2,209 1.2x 1.0x 0.9x Total Debt 7,028 7,102 0.7x Less: Cash & Cash 195 198 381 627 182 184 187
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
DYNAMATIC OVERVIEW Combination of Stable and High Growth Businesses AUTOMOTIVE • Ferrous and non-ferrous automotive components • Audi • Hyundai including engine, transmission, • BMW • Nissan turbocharger and chassis parts 47.2% of Q1 • Daimler • Tata Motors FY19 • Metallurgical ferrous and • Ford •
Slide 14: Blue Chip Investor Base
BLUE CHIP INVESTOR BASE Shareholding Structure Key Institutional Investors • Samena Capital and Citi Group Others • HDFC Mutual Fund 23.8% Promoters • Alchemy and Group 50.2% • Goldman Sachs Group • SBI Mutual Fund DIIs 10.9% • Mukul Agarwal and Group • Taiyo Greater India Fund • Premier Investment
Slide 15: Financial Statements: Income Statement
FINANCIAL STATEMENTS Income Statement (Y-O-Y and Q-o-Q Comparison) Profit & Loss Statement (Rs. million) Q1 FY19 Q4 FY18 Q1 FY18 Revenues Net Sales / Income from Operations (Net of Excise Duty) 3,790 3,720 2,958 Other Operating Income - - - Total Revenues 3,790 3,720 2,958 Expenses Cost of Raw Mater
Slide 16: Financial Statements: Balance Sheet Assets
FINANCIAL STATEMENTS Balance Sheet Assets Balance Sheet (Rs. million) Mar-18 Assets Non-current assets Property, plant and equipment 6,702 Capital work in progress 82 Goodwill 951 Intangible assets 274 Financial assets Investments 6 Loans 129 Other financial assets 2 Income tax assets 2 Other non-cu
Slide 17: Financial Statements: Balance Sheet Liabilities
FINANCIAL STATEMENTS Balance Sheet Liabilities Balance Sheet (Rs. million) Mar-18 EQUITY and LIABILITIES Shareholders Fund Share capital 63 Reserves and surplus 3,075 Money Received against Share Warrants - Non-controlling interest (Preference capital) - Total Shareholders Fund 3,138 Non-Current Lia
Slide 18: 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 19: Contact Details
CONTACT DETAILS Mr. Chalapathi P Chief Financial Officer Dynamatic Technologies Limited Dynamatic Park Peenya Industrial Area Bangalore 560 058 India T: +91 80 2839 4933 / 34 / 35 F: +91 80 2839 5823 E: chalapathi.p@dynamatics.net Mr. Naveen Chandra Head Legal, Compliance & Company Secretary Dynamat