Kaynes Technology India Ltd. · NSE:KAYNES

Kaynes Technology India — Q3 FY2025 Earnings Presentation

32 slides from Kaynes Technology India's earnings presentation, Jan 27, 2025

  1. Slide 1: Exchange cover letter for Investors/Earnings Presentation

    January 27, 2025 BSE Ltd. National Stock Exchange of India Ltd. Corporate Relationship Dept., Exchange Plaza, Plot no. C/1, G Block, 14th floor, P. J. Tower, Bandra-Kurla Complex, Dalal Street, Fort Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Scrip Code – 543664 Scrip Symbol – KAYNES Dear Sir/Mada

  2. Slide 2: Kaynes Technology India Limited Earnings Presentation Jan 2025

    Kaynes Technology India Limited Earnings Presentation | Jan 2025

  3. Slide 3: Disclaimer

    Disclaimer This presentation has been prepared by Kaynes Technology India Limited (“Company") solely for information purposes without any regard to any specific objectives, financial situations or informational needs of any particular person. This presentation may not be copied, distributed or disse

  4. Slide 4: Quarterly Financial Highlights

    Quarterly Financial Highlights

  5. Slide 5: 9MFY25 Results Snapshot (Consolidated)

    9MFY25 Results Snapshot (Consolidated) ₹ 60,471 mn ₹ 17,373 mn ₹ 2,431 mn 14.0% Order Book Revenue EBITDA EBITDA Margin ₹ 37,890 mn as of Dec-23 49% YoY 53% YoY 40 bps YoY ₹ 1,774 mn 10.2 % ₹ 27,077 mn ₹ 5,996 mn Profit After Tax PAT Margin Networth Net Debt 74% YoY 150 bps YoY ₹ 24,599 mn as of Dec

  6. Slide 6: Q3FY25 Results Snapshot (Consolidated)

    Q3FY25 Results Snapshot (Consolidated) ₹ 6,612 mn ₹ 940 mn 14.2% Revenue EBITDA EBITDA Margin 30% YoY 35% YoY 50 bps YoY ₹ 270 mn ₹ 665 mn 10.1 % Finance Cost Profit After Tax PAT Margin 82% YoY 47% YoY 120 bps YoY 5

  7. Slide 7: Consistent quarterly financial performance

    Consistent quarterly financial performance Revenue (₹ Mn) EBITDA (₹ Mn) 6,373 6,612 952 940 5,721 821 5,093 5,040 699 669 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 EBITDA Margins (%) Profit After Tax (Restated) (₹ Mn) 14.9% 813 665 14.4% 602 14.2% 508 13.7% 452 13.3% Q3FY

  8. Slide 8: Diversified Revenue Mix

    Diversified Revenue Mix Revenue across verticals 9MFY25 9MFY24 Automotive Automotive 2% 6% 7% 7% Industrial incl EV Industrial incl EV 1% 11% 28% 3% 31% Aerospace, Outer-space & Aerospace, Outer-space & Strategic Electronics 2% Strategic Electronics Medical Medical Railways Railways 55% 44% IoT / IT

  9. Slide 9: Consistent quarterly financial performance

    Consistent quarterly financial performance Gross Block (₹ Mn) Asset Turnover ratio (x)1 5.5 6,749 3.4 2,816 9MFY24 9MFY25 9MFY24 9MFY25 Net Debt/Equity (x) Networth (₹ Mn) 0.2 27,077 0.1 24,599 9MFY24 9MFY25 9MFY24 9MFY25 Note: Asset Turnover Ratio1 is annualized 8

  10. Slide 10: Consistent quarterly financial performance

    Consistent quarterly financial performance Net Working Capital Days Inventory Days 117 120 107 116 9MFY24 9MFY25 9MFY24 9MFY25 Receivable Days Payable Days 73 81 68 65 9MFY24 9MFY25 9MFY24 9MFY25 Net working capital is calculated as average inventory days plus average receivable days less average pa

  11. Slide 11: Q3FY25 Profit & Loss Statement (Consolidated)

    Q3FY25 Profit & Loss Statement (Consolidated) Particulars (₹ Mn) Q3FY24 Q3FY25 Y-O-Y 9MFY24 9MFY25 Y-O-Y Revenue from operations 5,093 6,612 30% 11,673 17,373 49% Raw material cost 3,854 4,573 19% 8,513 12,311 45% Employee expenses 249 578 133% 708 1,312 85% Other expenses 292 520 78% 863 1,319 53%

  12. Slide 12: Company Overview

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  13. Slide 13: Company Overview

    Company Overview Over 3 decades of experience in providing conceptual design, process engineering, integrated manufacturing and life-cycle support to OEMs Leading integrated and IoT enabled solutions provider, having capabilities across the entire spectrum of ESDM1,2 Caters to multiple industry vert

  14. Slide 14: Leading ESDM player with end-to-end Design & Engineering capabilities

    Leading ESDM player with end-to-end Design & Engineering capabilities… Service offering across entire customer value chain Design Industrialization Manufacturing Product End-of-life services services services maintenance services services Prototype OEM Concept to Design manufacturing manufacturing R

  15. Slide 15: Enabled with IoT solutions

    … Enabled with IoT solutions End-to-end connected asset platform, including business applications, managed cloud service, and ODM Device solution Capture Cloud Connect Control KPTR Services – Client Business Apps Network: IP and Non-IP Legacy / New Systems KPTR Applications Gateway & Devices Connect

  16. Slide 16: Diversified product portfolio

    Diversified product portfolio Aerospace, Outerspace & IOT/IT, Cons and others Automotive Industrial & EV Railways Medical Strategic electronics Cluster PCBA Engine Control Panel UM71 - Receiver Endoscopy cart & ICP HH Sonar Bar Code sensor module Scanner & RFID gateway LED Headlamp/Tail Lamp/LED Pos

  17. Slide 17: Capacity for Manufacturing at Scale Augmented by Technical Capabilities

    Capacity for Manufacturing at Scale Augmented by Technical Capabilities Navi Mumbai o 24 SMT Lines Kaynes International Design & Manufacturing Pvt Ltd Ahmedabad (Kemsys & Kaynes Semicon- OSAT) o 70 THD Lines Mysuru Unit I o 26 Cable Harness Lines Parwanoo o 15 plastic molding machines Manesar Unit I

  18. Slide 18: R&D, Certifications and Supply Chain

    R&D, Certifications and Supply Chain Research and Development Certifications Supply chain Focused on development of new Long term relationship with products and improvement existing suppliers leading to better products credit terms Dedicated research facility at Mysore, Bangaluru & Ahmedabad with a

  19. Slide 19: Well Diversified Business Profile

    Well Diversified Business Profile… Revenue across geographies FY24 Low customer concentration FY24 69% 1% 1% 53% 5% India 3% North America Europe 26% 90% SE Asia Others Top 1 Top 5 Top 10 Revenue across segments Revenue across verticals 1% 2% Automotive OEM – Turnkey – Box Build 7% Industrial incl E

  20. Slide 20: Marquee customer base

    Marquee customer base Industry Key Customers Long standing relationship with clients** INR Mn Average business period relationship of top 10 customers in each vertical2 Leading global mfg of electronic instruments and Industrial electromechanical devices 9 9 9 9 7 7 Railways Automotive Automtive Ind

  21. Slide 21: The Kaynes Advantage - Key Strengths

    The Kaynes Advantage - Key Strengths Well diversified End to end design and Internationally Longstanding business profile across engineering recognized and relationships with top industry verticals : capabilities enabled certified manufacturing global & domestic Address the Low with IoT solutions fa

  22. Slide 22: Financial Highlights

    — Financial Highlights

  23. Slide 23: Proven record of consistent financial performance (1/4)

    Proven record of consistent financial performance (1/4) Revenue (₹ Mn) EBITDA (₹ Mn) 18,046 62% CAGR 84% CAGR 2,542 11,261 1,683 7,062 937 4,206 409 FY 21 FY 22 FY 23 FY 24 FY 21 FY 22 FY 23 FY 24 EBITDA Margins (%) Profit After Tax (Restated) (₹ Mn) 14.9% 1,833 14.1% 166% CAGR 13.3% 9.7% 952 417 97

  24. Slide 24: Proven record of consistent financial performance (2/4)

    Proven record of consistent financial performance (2/4) ROE (%) ROCE (%) 24.5% 24.9% 24.4% 24.2% 22.8% 22.0% 13.5% 8.1% FY 21 FY 22 FY 23 FY 24 FY 21 FY 22 FY 23 FY 24 Net Worth (Rs Mn) Gross Block (Rs Mn) 3,680 24,848 1,812 9,577 1,473 1,142 1,365 2,018 FY 21 FY 22 FY 23 FY 24 FY 21 FY 22 FY 23 FY

  25. Slide 25: Proven record of consistent financial performance (3/4)

    Proven record of consistent financial performance (3/4) Inventory Days Receivable Days 93 137 83 104 69 101 97 59 FY 21 FY 22 FY 23 FY 24 FY 21 FY 22 FY 23 FY 24 Payable Days Net Working Capital Days 113 117 86 98 99 73 73 83 FY 21 FY 22 FY 23 FY 24 FY 21 FY 22 FY 23 FY 24 Working capital is compute

  26. Slide 26: Proven record of consistent financial performance (4/4)

    Proven record of consistent financial performance (4/4) Net Debt (₹ Mn) Net Debt/EBITDA (x) 2,177 3.1 1,480 1,252 1.6 0.9 473 0.3 FY 21 FY 22 FY 23 FY 24 FY 21 FY 22 FY 23 FY 24 Net Debt/Equity (x) Asset Turnover ratio (x) 0.9 6.2 0.7 4.8 4.9 3.7 0.0 0.1 FY 21 FY 22 FY 23 FY 24 FY 21 FY 22 FY 23 FY

  27. Slide 27: Profit & Loss Statement (Consolidated)

    Profit & Loss Statement (Consolidated) Particulars (₹ Mn) FY21 FY22 FY23 FY24 Revenue from operations 4,206 7,062 11,261 18,046 Raw material cost 2,861 4,894 7,801 13,299 Employee expenses 459 602 771 1,028 Other expenses 477 629 1,006 1,178 EBITDA 409 937 1,683 2,542 EBITDA margin (%) 9.7% 13.3% 14

  28. Slide 28: Balance Sheet (Consolidated)

    Balance Sheet (Consolidated) Particulars (₹ Mn) FY21 FY22 FY23 FY24 Gross Block (tangible assets) 979 1,112 1,451 3,276 Accumulated Depreciation 408 473 549 682 Net Block (tangible assets) 571 640 902 2,594 Intangible assets 267 352 426 620 Other non-current assets 165 369 552 3,571 Total non-curren

  29. Slide 29: Cash Flow Statement (Consolidated)

    Cash Flow Statement (Consolidated) Particulars (₹ Mn) FY21 FY22 FY23 FY24 Cash flow from operating activities Profit before tax 109 590 1,260 2,316 Adjustment for non-operating items 333 386 452 401 Operating profit before working capital changes 442 976 1,713 2,717 (Increase)/ decrease in inventori

  30. Slide 30: Kaynes Expansion – Chamarajanagar

    Kaynes Expansion – Chamarajanagar ▪ Built-up area of ~ 350K sq ft ▪ Well supported by ancillary facilities of existing units / expansion plans ▪ Phase-I: Alpha & Beta Ready (~100K sq ft) ▪ Phase-II: ▪ Gamma by Q3FY2025 ~240,000 Sq feet ▪ Clean Room of Class 10K ▪ Wire Bonding ▪ Box Build 29

  31. Slide 31: Kaynes Expansion – Hyderabad

    Kaynes Expansion – Hyderabad ▪ LOCATION: KONGARA KALAN (NEAR HYD AIRPORT) ▪ TOTAL PLANT AREA: 70K SFT ▪ SMT LINES -1 NOS ▪ PLASTIC INJECTION MACHINES- 29 NOS (80 -350 TON)

  32. Slide 32: Thank You

    Thank You COMPANY Kaynes Technology India Limited Jairam P Sampath INVESTOR RELATION ADVISORS Whole-time Director & Chief Financial Officer Email: ir@kaynestechnology.net Orient Capital (A division of Link Intime India Pvt Ltd) Sumit Kumar Verma Senior Manager – Investor Relations & Business Nikunj

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