Dixon Technologies (india) Ltd. · NSE:DIXON
Dixon Technologies (india) — Q2 & H1 FY2023-24 Earnings Presentation
27 slides from Dixon Technologies (india)'s earnings presentation, Oct 26, 2023
Slide 1: Outcome of Board Meeting
Dixon Technologies (India) Limited 26th October, 2023 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, Mumbai – 400 051 Dalal Street, M
Slide 2: Employee Stock Option Plan grant details
The Dixon ESOP 2023 shall be instituted, if approved by the shareholders of the Company. As on the date of Board Meeting, no options have been granted as the scheme is pending approval of the shareholders of the Company and therefore detailed disclosures as per SEBI Circular th no. SEBI/HO/CFD/CFD-P
Slide 3: Significant terms of options
11. Variation of terms of options Not Applicable 12. Brief details of significant terms The grant of stock options is based on the eligibility criteria as decided by the Committee. The Grant of an Option shall entitle the holder to acquire one Equity share in the Company, upon payment of Exercise Pr
Slide 4: Limited Review Report on Standalone Results
S.N. Dhawan & CO LLP 2"' floor, 51-52, Sector 18, Phase IV, Udyog Vihar, Gurugram, Haryana 122016, India Chartered Accountants Tel: +91 124 481 4444 LI MITED REVIEW REPORT ON UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF-YEAR ENDED 30 SEPTEMBER, 2023 To the Board of Directors of DI
Slide 5: Standalone Unaudited Financial Results
DIXON TECHNOLOGIES (INDIA) UMITED REGISTERED OFFICE B14 & 15,PHASE II, NOIDA UTTAR PAAOESH-201305 CIN: L32101UP1993PLC066581, Website: www.dlxonlnlo.com STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER, 2023 (Rup•ea In Lakhs unleu otherwise statedl
Slide 6: Standalone Balance Sheet
DIXON TECHNOLOGIES (INDIA) LIMITED REGISTERED OFFICE B14 & 15,PHASE II, NOIDA UTTAR PRADESH-201305 CIN : L32101UP1993PLC066581, Website: www.dixoninfo .com STANDALONE BALANCE SHEET AS AT 30 SEPTEMBER, 2023 (Rupees in Lakhs unless otherwise stated) As at As at 30-Sep-2023 31-Mar- 2023 , Unaudited Aud
Slide 7: Standalone Statement of Cash Flow
DIXON TECHNOLOGIES (INDIA) LIMITED REGISTERED OFFICE 814 & 15,PHASE II, NOIDA UTTAR PRADESH-201305 CIN: L32101UP1993PLC066581, Website: www.dixonlnfo.com STANDALONE STATEMENT OF CASH FLOW FOR THE PERIOD ENDED 30 SEPTEMBER, 2023 (Rupees in Lakhs unless otherwise stated) Period ended Period ended 30 S
Slide 8: Limited Review Report on Consolidated Results
2"" floor, 51-52, Sector 18, S.N. Dhawan & CO LLP Phase IV, Udyog Vihar, Gurugram, Haryana 122016, India Chartered Accountants Tel: +91 124 481 4444 LIMITED REVIEW REPORT ON UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER, 2023 To the Board of Directors of D
Slide 9: Limited Review Report (continued)
5. Based on our review cond ucted 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 ou r attention that causes us to believe that the accompanying Statement, prepared
Slide 10: Consolidated Unaudited Financial Results
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Slide 11: Consolidated Balance Sheet
DIXON TECHNOLOGIES {INDIA) LIMITED REGISTERED OFFICE B14 & 15,PHASE II, NOIDA UTTAR PRADESH-201305 CIN: L32101UP1993PLC066581, Website: www.dlxoninfo.com CONSOLIDATED BALANCE SHEET AS AT 30 SEPTEMBER, 2023 (Rupees in Lakhs unless otherwise stated) As at As at 30-Sep-2023 31-Milr-2023 Unaudited Audit
Slide 12: Consolidated Statement of Cash Flow
DIXON TECHNOLOGIES CINDI Al LIMITED REGISTERED OFFICE B14 & 15,PHASE II, NOIDA UTTAR PRADESH-201305 CIN: L32101UP1993PLC066581, Website: www.dixoninfo.com CONSOLIDATED STATEMENT OF CASH FLOW FOR THE PERIOD ENDED 30 SEPTEMBER, 2023 ( Rupees in Lakhs unless otherwise stated} Period ended Period ended
Slide 13: Earnings Presentation Q2 & H1, FY 23-24
EARNINGS PRESENTATION Q2 & H1, FY 23-24
Slide 14: Table of contents
Table of contents Key highlights of Q2 & H1,FY 23-24 3-4 Consolidated Results Summary 5 Segment Wise Analysis 6-10 Expenditure Analysis 11 Balance Sheet & Cash Flow 12-13 Key Financial Ratios 14
Slide 15: Key highlights – Q2, FY 23-24
Key highlights – Q2, FY 23-24 Revenue * EBITDA* EBITDA Margin ₹ 4,944 crs ₹ 200 crs 4.0% 28% YoY 37% YoY 20 bps ₹ 3,867 crs in Q2,FY23 ₹ 146 crs in Q2,FY23 3.8% in Q2,FY23 PBT PBT Margin PAT PAT Margin ₹ 149 crs 3.0% ₹ 113 crs 2.3% 48% YoY 40 bps 47% YoY 30 bps ₹ 100 crs in Q2,FY23 2.6% in Q2,FY23 ₹
Slide 16: Key highlights – H1, FY 23-24
Key highlights – H1, FY 23-24 Revenue* EBITDA* EBITDA Margin PBT ₹ 8,218 crs ₹ 334 crs 4.1% ₹ 239 crs 22% YoY 36% YoY 40 bps 47% YoY ₹ 6,723 crs in H1,FY23 ₹ 246 crs in H1,FY23 3.7% in H1,FY23 ₹ 162 crs in H1,FY23 PBT Margin PAT PAT Margin Free Cash Flow 2.9% ₹ 181 crs 2.2% ₹ (179) crs 50 bps 47% Yo
Slide 17: Consolidated Results Summary
Consolidated Results Summary Particulars (INR Crs) Q2, FY 23-24 Q2, FY 22-23 % Change H1,FY 23-24 H1,FY 22-23 % Change Income 4,943 3,867 28% 8,215 6,722 22% Expenses 4,744 3,722 27% 7,884 6,477 22% Operating Profit 199 145 37% 331 245 35% Operating Profit Margin 4.0% 3.8% 0.2% 4.0% 3.6% 0.4% Other
Slide 18: Consumer Electronics
Consumer Electronics Revenue (INR Crs)* Operating Profit (INR Crs)* -4% 14% Q2,FY 23 Q2,FY 24 63% 65% 49 Revenue contribution 39% 29% 1,501 43 1,440 Operating Profit 29% 25% 30 contribution 882 ODM 25% 33% 2.9% 3.4% 3.4% Q2,FY23 Q1,FY24 Q2,FY24 Q2,FY23 Q1,FY24 Q2,FY24 *Revenue & Operating Profit for
Slide 19: Lighting Products
Lighting Products Revenue (INR Crs) Operating Profit (INR Crs) -38% Q2,FY 23 Q2,FY 24 -47% -19% -35% Revenue contribution 8% 4% 290 Operating Profit 222 contribution 16% 6% 181 24 13 19 ODM 93% 90% 8.2% 8.7% 7.0% Q2,FY23 Q1,FY24 Q2,FY24 Q2,FY23 Q1,FY24 Q2,FY24 Revenue (INR Crs) Operating Profit (INR
Slide 20: Home appliances
Home appliances Revenue (INR Crs) Operating Profit (INR Crs) Q2,FY 23 Q2,FY 24 0.2% 30% 363 40% 364 49% Revenue contribution 9% 7% 42 259 Operating Profit 22% 21% 33 contribution 28 ODM 100% 100% 9.0% 11.0% 11.6% Q2,FY23 Q1,FY24 Q2,FY24 Q2,FY23 Q1,FY24 Q2,FY24 Revenue (INR Crs) Operating Profit (INR
Slide 21: Mobile & EMS Division
Mobile & EMS Division Revenue (INR Crs) Operating Profit (INR Crs) 77% 119% Q2,FY 23 Q2,FY 24 57% 75% 2,819 93 Revenue contribution 41% 57% 93 1,795 Operating Profit 1,594 29% 47% 53 contribution 42 Q2,FY23 Q1,FY24 Q2,FY24 Q2,FY23 Q1,FY24 Q2,FY24 EMS Division revenue (Q2,FY24) Q2 FY24 Revenue includ
Slide 22: Security Systems (Dixon 50% share)
Security Systems (Dixon 50% share) Revenue (INR Crs) Operating Profit (INR Crs) 18% -37% Q2,FY 23 Q2,FY 24 23% 140 56% 118 4 114 Revenue contribution 3% 3% 4 3 Operating Profit 3% 1% 2 2 contribution 1 1 3.1% 1.3% 1.6% - Q2,FY23 Q1,FY24 Q2,FY24 Q2,FY23 Q1,FY24 Q2,FY24 Revenue (INR Crs) Operating Pro
Slide 23: Expenditure Analysis
Expenditure Analysis : Q2,FY 23-24 vs Q2,FY 22-23 Particulars (As a % of operating revenues) Q2, FY 23-24 Q2, FY 22-23 % Change Cost of Material Consumed 90.4% 91.4% -1.0% Employee benefit expenses 1.9% 1.8% 0.1% Finance Cost 0.3% 0.4% -0.1% Depreciation and Amortization Expense 0.7% 0.8% -0.1% Othe
Slide 24: Balance sheet
Balance sheet Particulars (INR crs) 30th Sep ’23 31st Mar’23 Net Fixed Assets (A) 1,500 1,115 248 259 Right-of-use asset (B) 323 248 Other Non Current Assets (C) 105 177 182 Current Assets 134 114 Cash, Bank & ST Investments 134 259 Trade Receivables 2,108 1,715 (77) Inventories 1,668 958 Other Curr
Slide 25: Cash Flow
Cash Flow Particulars (INR crs) H1,FY 23-24 PBT 233 Depreciation & Amortization 70 Others ( Net interest expenses, ESOP expenses etc.) 38 Working capital change (146) Taxes Paid (43) Cash Flow from Operating Activities (A) 152 Capital expenditure (331) Other (Sales/Purchase of Investment & Other ban
Slide 26: Key Financial Ratios
Key Financial Ratios Inventory Days Debtors Days Creditors Days Net WC Days* 29 38 72 (6) 2 days (10) days (5) days (4) days 27 in FY23 48 in FY23 77 in FY23 (2) in FY23 * Working capital days calculated on quarterly basis ROCE%** ROE%*** 32.9% 24.4% (50) bps 200 bps 33.4 % FY23 22.4% FY23 **ROCE =
Slide 27: Thank You
Dixon THANK YOU
Dixon Technologies (India) — Q2 & H1 FY2023-24 Earnings Presentation on 6ix