Dixon Technologies (india) Ltd. · NSE:DIXON
Dixon Technologies (india) — Q2 & H1 FY2022-23 Earnings Presentation
27 slides from Dixon Technologies (india)'s earnings presentation, Oct 20, 2022
Slide 1: Outcome of Board Meeting
D ixon® The brand behind brands Dixon Technologies (India) Ltd. 20 t h October, 2022 To To Secretary Secretary Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Phiroze Jeejeebhoy Towers, M
Slide 2: ESOP grant terms
held on 20 th October, 2022 for grant of 1,66,500 no. of options convertible into equal number of equity shares of the Company of face value of Rs. 2/- each, to the employees of the Company, its Subsidiary(ies) and Joint venture Companies under the Dixon Technologies (India) Limited Employee Stock O
Slide 3: ESOP grant terms (continued)
8 Money realized by exercise of Not Applicable, as this outcome is pertaining to options Grant options of Options under DIXON ESOP - 2020 . 9 The total number of shares arising 1,66,500 Equity Shares of face value Rs. 2/- each as a result of exercise of option arise deeming all granted options are v
Slide 4: Board meeting timing and signature
Time of Commencement of Board Meeting: 02:32 PM Time of Conclusion of Board Meeting: 0'3 : 3o P·t'\ . You are kindly requested to take the aforesaid on your records. Thanking You, For DIXON TECHNOLOGIES (INDIA) LIMITED ~~ ~ '-'~v~ ASHISH Digitally signed by ASHISH KUMAR KUMAR Date: 2022.10.20 15:58:
Slide 5: Limited Review Report on Standalone Results
S.N. Dhawan & CO LLP 51-52, Udyog Vihar Phase 4, Gurugram, Haryana 122015, India Chartered Accountants Tel: +91 124 481 4444 LIMITED REVIEW REPORT ON UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF-YEAR ENDED 30 SEPTEMBER, 2022 To the Board of Directors of DIXON TECHNOLOGIES (INDIA)
Slide 6: Standalone Unaudited Financial Results
DJ:XON TECHNOLOGIES (INDIA) U MITED REGISTERED OFFICE 8 14 & 15, PHASE II, NOIDA UTTAR PI\ADESH-201 305 CIN : L32 10 1UP 1993PLC06658 1, Website: www.dlxonlnfo .corn STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER, 2022 (Rupees in Lakhs ) S.N o. P
Slide 7: Standalone Balance Sheet
DIXON TECHNOLOGIES (INDIA) LIMITED REGISTERED OFFICE 814 & 15,PHASE II, NOIDA UTTAR PRADESH -201305 CIN: L32101UP1993PLC066581 , Website: www.dixon info.com STANDALONE BALANCE SHEET AS AT 30 SEPTEMBER, 2022 (Rs. in Lakhs unless otherwise stated) As at As at 30-Sep-2022 31-Mar-2022 Unaudited Audited
Slide 8: Standalone Statement of Cash Flow
DI XON TECHNOLOGIES (INDIA) LIMITED REGISTERED OFFICE B14 & 15,PHASE II, NOIDA UTTAR PRADESH-201305 CIN: L32101UP1993PLC066581, Website: www.dlxonlnfo.com STANDALONE STATEMENT OF CASH FLOW FOR THE HALF YEAR ENDED 30 SEPTEMBER, 2022 (Rs. in Lakhs unless otherwise stated) Half Year ended Half Year end
Slide 9: Limited Review Report on Consolidated Results
51-52, Udyog Vihar Phase 4, S.N . Dhawan & CO LLP Gurugram. Haryana 122015. lndla Chartered Accountants Tel: +911 24 481 4444 LIMITED REVIEW REPORT ON UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF-YEAR ENDED 30 SEPTEMBER, 2022 To the Board of Directors of DIXON TECHNOLOGIES (INDI
Slide 10: Limited Review Report (continued)
5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared
Slide 11: Consolidated Unaudited Financial Results
DIXON TECHNOLOGIES {JNQIAl LIMITED REGISTERED OFFICE 814 & 15,PHASE !I, NOIDA UTTAR PRADESH -201305 CIN: L32101UP 1993PLC066S81, Website: www.dlxonlnfo .com STATEMENT OE CONSOUPAJEP UNAUDITED FlNANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER. 2022 (Rupees in WJkhs) S,No. Particulars
Slide 12: Consolidated Balance Sheet
REGISTERED OFFICE B14 & 15,PHASE II, NOIDA UTTAR PRADESH-201305 CIN: L32101UP1993PLC066581, Website : www.dlxoninfo.com CONSOLIDATED BALANCE SHEET AS AT 30 SEPTEMBER, 2022 (Rs. in Lakhs unless otherwise stated) As at As at 30-Sep-2022 :U-Milt-2022 Unaudited Audited ASSET S Non-Cu cre.nt As_sets a. P
Slide 13: Consolidated Statement of Cash Flow
DIXON TECHNOLOGIES {INDIA) LIMITED REGISTERED OFFICE B14 & 15,PHASE II, NOIDA UTTAR PRAOESH-201305 CIN: L32101UP1993PLC066581, Website: www.dixonlnfo.com CONSOLIDATED STATEMENT OF CASH FLOW FOR THE HALF YEAR ENDED 30 SEPTEMBER. 2022 (Rs. in Lakhs unless otherwise stated) Half Year Ended Half Year En
Slide 14: Earnings Presentation Q2 & H1, FY 22-23
EARNINGS PRESENTATION Q2 & H1, FY 22-23
Slide 15: Table of contents
Table of contents Key highlights of Q2 & H1,FY 22-23 03 Consolidated Results Summary 04 Segment Wise Analysis 05 - 09 Expenditure Analysis 10 Balance Sheet & Cash Flow 11 - 12 Key Financial Ratios 13
Slide 16: Key highlights of Q2 and H1, FY 22-23
Key highlights of Q2, FY 22-23 Revenue (INR Crs)* Growth % EBITDA (INR Crs)* Margin % PBT (INR Crs) Margin % PAT (INR Crs) Margin % 3,867.3 100.2 145.7 77.1 2,804.7 80.2 62.6 38% 111.0 98 31% 23% 25% % 4.0% 3.8% 2.9% 2.6% 2.2% 2.0% Q2,FY22 Q2,FY23 Q2,FY22 Q2,FY23 Q2,FY22 Q2,FY23 Q2,FY22 Q2,FY23 Key
Slide 17: Consolidated Results Summary
Consolidated Results Summary Particulars (INR Crs) Q2, FY 22-23 Q2, FY 21-22 % Change H1, FY 22-23 H1, FY 21-22 % Change Income 3,866.8 2,803.8 38% 6,721.8 4,671.1 44% Expenses 3,721.6 2,693.8 38% 6,476.6 4,513.2 44% Operating Profit 145.2 110.0 32% 245.3 157.9 55% Operating Profit Margin 3.8% 3.9%
Slide 18: Consumer Electronics
Consumer Electronics* Revenue (INR Crs) Operating Profit (INR Crs) Margin % Q2,FY 22 Q2,FY 23 1% 19% 61% Revenue 72% 53% 39% 42.8 contribution 1,486.5 1,500.7 36.1 Operating Profit contribution 33% 29% 932.2 24.8 ODM 4% 25% 2.4% 2.7% 2.9% *Revenue Includes :- AC PCB :INR 78.6 Crs & Reverse Logistics
Slide 19: Lighting Products
Lighting Products Revenue (INR Crs) Operating Profit (INR Crs) Margin % Q2,FY 22 Q2,FY 23 -27% -25% 43% Revenue 26% 14% 8% contribution 31.6 395.6 23.8 Operating Profit 290.4 29% 16% contribution 231.2 16.7 ODM 93% 93% 8.0% 7.2% 8.2% Q2,FY22 Q1,FY23 Q2,FY23 Q2,FY22 Q1,FY23 Q2,FY23 H1,FY 22 H1,FY 23
Slide 20: Home Appliances
Home Appliances Revenue (INR Crs) Operating Profit (INR Crs) Margin % Q2,FY 22 Q2,FY 23 62% 72% 362.9 Revenue 42% 58% 32.7 contribution 8% 9% 255.6 Operating Profit 17% 22% 224.0 contribution 20.7 19.0 ODM 100% 100% 8.5% 8.1% 9.0% Q2,FY22 Q1,FY23 Q2,FY23 Q2,FY22 Q1,FY23 Q2,FY23 H1,FY 22 H1,FY 23 Rev
Slide 21: Mobile & EMS Division
Mobile & EMS Division Revenue (INR Crs) Operating Profit (INR Crs) Margin % 166% 119% Q2,FY 22 Q2,FY 23 1,594.4 22% 29% 42.3 Revenue 1,304.9 21% 41% contribution 32.8 Operating Profit 18% 29% 19.3 contribution 598.6 3.2% 2.5% 2.7% Q2 FY23 Revenue includes :- Set top box : INR 31.9 Crs, IT hardware :
Slide 22: Security Systems (Dixon 50% share)
Security Systems (Dixon 50% share) Revenue (INR Crs) Operating Profit (INR Crs) Margin % 19% -10% -10% Q2,FY 22 Q2,FY 23 131.1 118.3 -30% Revenue 99.0 5.2 contribution 4% 3% 4.1 3.6 Operating Profit 4% 3% contribution 4.1% 4.0% 3.1% Q2,FY22 Q1,FY23 Q2,FY23 Q2,FY22 Q1,FY23 Q2,FY23 Operating Profit (I
Slide 23: Expenditure Analysis
Expenditure Analysis : Q2,FY 22-23 vs Q2,FY 21-22 Particulars (As a % of operating revenues) Q2, FY 22-23 Q2, FY 21-22 % Change Cost of Material Consumed 91.4% 91.1% 0.3% Employee benefit expenses 1.8% 1.9% -0.1% Finance Cost 0.4% 0.3% 0.1% Depreciation and Amortization Expense 0.8% 0.8% - Other exp
Slide 24: Balance sheet
Balance sheet Particulars (INR Crs) 30th Sep’22 31st Mar ’22 Net Fixed Assets (A) 944.0 829.8 Right-of-use asset (B) 191.0 195.9 Other Non Current Assets (C) 106.3 104.5 Cash, Bank & ST Investments (D) 260.2 317.4 Current Assets Particulars (INR Crs) 30th Sep ’22 31st Mar ’22 Trade Receivables 1,935
Slide 25: Cash Flow
Cash Flow Particulars (INR Crs) H1, FY 22-23 PBT 162.8 Depreciation & Amortization 53.2 Others ( Net interest expenses, ESOP expenses etc.) 39.7 Working capital change 17.0 Taxes Paid (38.3) Cash Flow from Operating Activities (A) 234.3 Capital expenditure (183.9) * Cash flow generation of INR 50.4
Slide 26: Key Financial Ratios
Key Financial Ratios As on As on Particulars 30th Sep 2022 31st Mar 2022 Inventory days (A) 27 31 Debtors Days (B) 45 41 Creditors days (C) 72 72 Cash Conversion Cycle / Working Capital Days (A+B-C)* 0 0 ROCE (%)** 27.3% 24.9% ROE (%) *** 23.9% 21.9% * Working capital days for 30th Sep, 22 & 31st Ma
Slide 27: Dixon
Dixon
Dixon Technologies (India) — Q2 & H1 FY2022-23 Earnings Presentation on 6ix