Slide 1: Q4 & Full Year FY2016 Earnings
Q4 & FULL YEAR FY2016 EARNINGS
Slide 2: Dynamatic Taking Off
DYNAMATIC TAKING OFF 2
Slide 3: Q4 FY2016 Performance Highlights (Q-o-Q)
Q4 FY2016 PERFORMANCE HIGHLIGHTS (Q-o-Q) Significantly improved all round performance Rs. 281 mn Rs. 157 mn Rs. 783 mn Margin: 35.9% Margin: 6.5% + 17.6% + 965 bps + 306 bps 20% 29% EBITDA: Rs. Revenue: Rs. 548 mn* 3,871 mn* 51% Margin: 14.2% 18% +6.8% Q-o-Q 62% +525 bps 20% Rs. 110 mn Rs. 683 mn Rs
Slide 4: Performance Highlights: Management Commentary
PERFORMANCE HIGHLIGHTS Management Commentary Commenting on the results, Mr. Udayant Malhoutra, CEO and Managing Director said: “FY2016 which started off on a weak note has ended with a very strong all round performance. Dynamatic is taking off from a strong platform that we have established over yea
Slide 5: Performance Highlights: Foreign Exchange Fluctuation
PERFORMANCE HIGHLIGHTS Foreign Exchange Fluctuation Exchange Q4 Q4 Impact Impact % FY2016 FY2015 Impact Impact % Rate FY2016 FY2015 EURO vs. INR 72.31 77.47 (5.16) (6.7)% 72.31 77.47 (5.16) (6.7)% GBP vs. INR 98.76 98.56 0.20 0.2% 98.76 98.56 0.20 0.2% USD vs. INR 65.46 61.15 4.31 7.1% 65.46 61.15 4
Slide 6: Financial Performance Summary
FINANCIAL PERFORMANCE SUMMARY Consolidated Performance Highlights Q4 y-o-y Q3 q-o-q Full Year y-o-y Rs. million Growth Growth Growth FY16 FY15 (%) FY16 (%) FY16 FY15 (%) Revenue 3,878 3,885 (0.2)% 3,628 6.9% 14,938 16,292 (8.3)% EBITDA 528 331 59.4% 300 75.6% 1,411 1,514 (6.8)% Margin (%) 13.6% 8.5%
Slide 7: Aerospace and Defence Segment
AEROSPACE AND DEFENCE SEGMENT Q4 FY16 Revenue Financial Overview Breakup Q4 y-o-y Q3 q-o-q Full Year y-o-y Rs. Growth Growth Growth million FY16 FY15 FY16 FY16 FY15 UK India (%) (%) (%) 33% 67% Revenue 783 645 21.4% 665 17.6% 2,698 2,617 3.1% India 521 300 73.8% 352 48.3% 1,475 1,173 25.7% UK 262 34
Slide 8: Hydraulics Segment
HYDRAULICS SEGMENT Q4 FY16 Revenue Financial Overview Breakup Q4 y-o-y Q3 q-o-q Full Year y-o-y Rs. UK Growth Growth Growth India million FY16 FY15 FY16 FY16 FY15 38% (%) (%) (%) 62% Revenue 683 663 3.1% 623 9.7% 2,614 2,922 (10.5)% India 423 395 7.0% 398 6.2% 1,655 1,785 (7.3)% UK 261 268 (2.7)% 22
Slide 9: Automotive Segment
AUTOMOTIVE SEGMENT Q4 FY16 Revenue Financial Overview Breakup Q4 y-o-y Q3 q-o-q Full Year y-o-y Rs. India Growth Growth Growth Germany million FY16 FY15 FY16 FY16 FY15 12% (%) (%) (%) 88% Revenue 2,405 2,578 (6.7)% 2,335 3.0% 9,604 10,756 (10.7)% India – M 218 286 (23.6)% 234 (6.7)% 985 1,235 (20.3)
Slide 10: Quarterly Financial Trends
QUARTERLY FINANCIAL TRENDS Q4 FY16 performance show an improving trend Revenue (Rs. mn) and Growth (Q-o-Q) Segment Wise Revenue Contribution 3,885 3,878 3,728 3,704 3,628 17% 16% 18% 18% 20% 6.9% 17% 17% 19% 17% 18% 1.3% (0.7)% (2.0)% 66% 67% 64% 65% 62% (4.0)% Q4 FY15 Q1 FY16 Q2 FY16 Q3 FY16 Q4 FY1
Slide 11: Quarterly Financial Trends: Deleveraging the Balance Sheet
QUARTERLY FINANCIAL TRENDS Focus on Deleveraging the Balance Sheet Capital Structure Interest Expense (Rs. mn) & Interest Coverage (x) (Rs. million) Mar 31, 2016 Dec 31, 2015 Mar 31, 2015 Long Term 5,038 5,044 3,766 Borrowings 2.2x Short Term 920 966 1,397 1.1x Borrowings 1.1x 1.0x 0.6x Total Debt 5
Slide 12: 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 13: 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 14: Combination of 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 64% of FY16 • Metallurgical ferrous and • Ford • Volks
Slide 15: Blue Chip Investor Base
BLUE CHIP INVESTOR BASE Shareholding Structure Key Institutional Investors • Samena Capital and Group Others Promoters • HDFC Mutual Fund 23% 51% • Alchemy and Group DIIs • Goldman Sachs Group 11% • SBI Mutual Fund • Param Capital and Group FIIs 15% • L&T Mutual Fund Shareholding Pattern Trend Equit
Slide 16: Financial Statements: Income Statement (Quarterly Trend)
FINANCIAL STATEMENTS Income Statement (Quarterly Trend) Profit & Loss Statement (Rs. million) Q4 FY15 Q1 FY16 Q2 FY16 Q3 FY16 Q4 FY16 Revenues Net Sales / Income from Operations (Net of Excise Duty) 3,838 3,691 3,670 3,598 3,847 Other Operating Income 47 37 33 30 32 Total Revenues 3,885 3,728 3,704
Slide 17: Financial Statements: Income Statement (Annual Trend)
FINANCIAL STATEMENTS Income Statement (Annual Trend) Profit & Loss Statement (Rs. million) FY15 FY16 Revenues Net Sales / Income from Operations (Net of Excise Duty) 16,115 14,806 177 132 Other Operating Income 16,292 14,938 Total Revenues Expenses Cost of Raw Materials Consumed 9,552 8,502 Changes
Slide 18: Financial Statements: Balance Sheet – Assets
FINANCIAL STATEMENTS Balance Sheet – Assets Balance Sheet (Rs. million) Sep-14 Mar-15 Sep-15 Mar-16 ASSETS Non-Current Assets Goodwill 679 879 950 936 Fixed Assets 5,822 5,600 5,685 5,617 Non-Current Investment 0 0 0 1 Deferred tax asset (net) 5 0 0 0 Long Term Loans and Advances 273 242 223 260 Oth
Slide 19: Financial Statements: Balance Sheet – Liabilities
FINANCIAL STATEMENTS Balance Sheet – Liabilities Balance Sheet (Rs. million) Sep-14 Mar-15 Sep-15 Mar-16 EQUITY and LIABILITIES Shareholders Fund Share capital 60 63 63 63 Reserves and surplus 2,134 2,453 2,397 2,513 Money Received against Share Warrants 0 0 0 0 Non-controlling interest (Preference
Slide 20: 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 21: Contact Details
CONTACT DETAILS Mr. Hanuman Sharma Executive Director and 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: hanuman.sharma@dynamatics.net Mr. Naveen Chandra Head – Legal, Complianc