Slide 1: Q1 FY2020 Earnings Presentation
DYNAMATIC TECHNOLOGIES LIMITED Q1 FY2020 EARNINGS PRESENTATION , > l aay a0 ry HYDRAULICS AEROSPACE & DEFENCE AUTOMOTIVE
Slide 2: Q1 FY2020 Performance Highlights
Q1 FY2020 PERFORMANCE HIGHLIGHTS Highlights Q1 FY2020 vs. Q1 FY2019 • Net Revenue of Rs. 3,747 mn; down 1.1% from Rs. Q1 FY2020 Revenue Breakup 3,790 mn in Q1 FY19 Q1 FY2020 o Aerospace & Defence segment revenue of Rs. 1,198 mn; up 7.5% from Rs. 1,115 mn Q1 FY2019 o Hydraulics segment revenue of Rs.
Slide 3: Performance Highlights: Management Commentary
PERFORMANCE HIGHLIGHTS Management Commentary Commenting on the results, Mr. Udayant Malhoutra, CEO and Managing Director said: “Over the years, Dynamatic Technologies has transformed itself into a leading supplier of mission- critical, highly engineered components to the leading global OEMs. In part
Slide 4: Financial Performance Summary
FINANCIAL PERFORMANCE SUMMARY Consolidated Performance Highlights Q1 Q4 Rs. Million FY2020 FY2019 FY2019 Revenue (Net of Excise Duty) 3,747 3,790 3,849 EBITDA 573 414 474 Profit Before Tax (PBT) 165 146 155 Profit After Tax (PAT) 102 83 92 Basic EPS (Rs.) 16.03 13.13 14.59 Adjusted EBITDA 462 414 47
Slide 5: Performance Highlights: Foreign Exchange Fluctuation
PERFORMANCE HIGHLIGHTS Foreign Exchange Fluctuation Exchange Rate Q1 FY2020 Q1 FY2019 Impact Impact % Q4 FY2019 Impact Impact % EURO vs. INR 78.15 79.86 (1.71) (2.1)% 80.93 (2.78) (3.4)% GBP vs. INR 89.43 91.16 (1.72) (1.9)% 91.74 (2.31) (2.5)% USD vs. INR 69.56 67.04 2.52 3.8% 69.89 (0.33) (0.5)% I
Slide 6: Aerospace and Defence Segment
AEROSPACE AND DEFENCE SEGMENT Financial Overview a Q1 y-o-y Q4 Rs. Million FY20 FY19 FY19 Revenue 1,198 1,115 1,232 EBITDA 382 277 286 Adjusted EBITDA* 323 277 286 Performance Overview • Continued order book execution and delivery leading to robust Q1 FY2020 revenue growth. Achieved a milestone in f
Slide 7: Hydraulics Segment
HYDRAULICS SEGMENT Financial Overview . Q1 y-o-y Q4 Rs. Million FY20 FY19 FY19 Revenue 868 884 934 EBITDA 108 74 118 Adjusted EBITDA* 89 74 118 Performance Overview • Hydraulics segment revenue growth was impacted by the overall industry slowdown. Margins improved due to product mix changes and mate
Slide 8: Automotive Segment
AUTOMOTIVE SEGMENT Financial Overview . Q1 y-o-y Q4 Rs. Million FY20 FY19 FY19 Revenue 1,681 1,790 1,683 EBITDA 125 71 98 Adjusted EBITDA* 92 71 98 Performance Overview • With a focus on margin expansion, low margin products rationalization continued during the period. Topline growth subdued due to
Slide 9: Quarterly Financial Trends
QUARTERLY FINANCIAL TRENDS Revenue (Rs. mn) and Growth (Q-o-Q) Segment Wise Revenue Contribution 3,790 3,849 3,720 3,699 3,747 3,666 12.6% 27% 29% 31% 33% 32% 32% 23% 23% 25% 24% 24% 23% 5.0% 1.9% 50% 47% 44% 43% 44% 45% (0.9)% (2.4)% (2.6)% Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q4 FY18 Q1
Slide 10: Quarterly Financial Trends: Capital Structure
QUARTERLY FINANCIAL TRENDS Capital Structure Interest Expense (Rs. mn) & Interest Coverage (x) Sep 30, Dec 31, Mar 31, Jun 30, (Rs. million) 1.9x 2018 2018 2019 2019 1.7x 1.7x 1.5x 1.5x 1.6x Long Term 4,667 4,521 4,432 4,300 Short Term 2,393 2,281 2,160 2,276 Operating - - - 1,353 Lease 211 210 198
Slide 11: Dynamatic Overview
DYNAMATIC OVERVIEW Diversified • A combination of stable and high growth businesses with highly engineered products business for 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: Stable and High Growth Businesses
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 • Daimler • Tata Motors 45% of Q1 FY20 • Metallurgical ferrous and Revenue • F
Slide 14: Blue Chip Investor Base
BLUE CHIP INVESTOR BASE Shareholding Structure Key Institutional Investors Promoters • Samena Capital Others 25.6% 48.8% • HDFC Mutual Fund • Alchemy and Group • Taiyo Greater India Fund DIIs • Girish Gulati - HUF 10.8% • Mukul Agarwal and Group • SBI Mutual Fund FIIs • Premier Investment Fund 14.8%
Slide 15: Financial Statements: Income Statement
FINANCIAL STATEMENTS Income Statement (Y-O-Y and Q-o-Q Comparison) Profit & Loss Statement (Rs. million) Q1FY20 Q4FY19 Q1FY19 Revenues Net Sales / Income from Operations (Net of Excise Duty) 3,747 3,849 3,790 Other Operating Income - - - Total Revenues 3,747 3,849 3,790 Expenses Cost of Raw Material
Slide 16: Financial Statements: Balance Sheet – Assets
FINANCIAL STATEMENTS Balance Sheet – Assets Balance Sheet (Rs. million) Mar-19 Sep-18 Mar-18 Assets Non-current assets Property, plant and equipment 5,259 5,516 6,702 Capital work in progress 56 47 82 Goodwill 925 987 951 Intangible assets 254 266 274 Financial assets Investments 3 6 6 Loans 115 160
Slide 17: Financial Statements: Balance Sheet – Liabilities
FINANCIAL STATEMENTS Balance Sheet – Liabilities Balance Sheet (Rs. million) Mar-19 Sep-18 Mar-18 EQUITY and LIABILITIES Shareholders Fund Share capital 63 63 63 Reserves and surplus 3,186 3,288 3,075 Money Received against Share Warrants - - - Non-controlling interest (Preference capital) - - - Tot
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 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 Dynamatic Park Peenya Industrial Area Bangalore 560 058 India T: +91 80 2839 4933 / 34 / 35 www.dynamatics.net CIN: L7220