Slide 1: Q4 and FY2024 Earnings Presentation
DYNAMATIC TECHNOLOGIES LIMITED Q4 and FY2024 EARNINGS PRESENTATION Hydraulics Aerospace Metallurgy © 2024 Proprietary Information of Dynamatic Technologies Limited
Slide 2: FY2024 Performance Highlights
DYNAMATIC TECHNOLOGIES LIMITED FY2024 PERFORMANCE HIGHLIGHTS Highlights FY2024 vs. FY2023 FY2024 Revenue Breakup FY2024 • Revenue of Rs. 14,293.3 mn; up by 8.6% from Rs. 13,157.7 mn in FY2023 o Aerospace segment revenue of Rs. 5,100.9 mn; up by 16.6% from Rs. 33% FY2023 36% 4,373.7 mn 32% 33% o Hydr
Slide 3: Q4 FY2024 Performance Highlights
DYNAMATIC TECHNOLOGIES LIMITED Q4 FY2024 PERFORMANCE HIGHLIGHTS Highlights Q4 FY2024 vs. Q4 FY2023 Q4 FY2024 Revenue Breakup Q4 • Revenue of Rs. 3,704.1 mn; up by 0.7% from Rs. 3,678.8 mn in Q4 FY2024 FY2023 29% Q4 38% o Aerospace segment revenue of Rs. 1,419.3 mn; up by 18.9% from Rs. 35% 32% FY202
Slide 4: Management Commentary: Performance Highlights
DYNAMATIC TECHNOLOGIES LIMITED Management Commentary PERFORMANCE HIGHLIGHTS Commenting on the results, Mr. Udayant Malhoutra, CEO and Managing Director said: “During the FY2024, Dynamatic was named Global Supplier of the Year for its operational excellence in supporting BDS. The relocation of Aerosp
Slide 5: Management Commentary: Performance Highlights
DYNAMATIC TECHNOLOGIES LIMITED Management Commentary PERFORMANCE HIGHLIGHTS The Metallurgy segment remained under pressure due to a demand shortage as the German automotive industry stayed weak. The completion of corporate business restructuring during the year helped Eisenwerk Erla GmbH, Germany, m
Slide 6: Financial Performance Summary
DYNAMATIC TECHNOLOGIES LIMITED FINANCIAL PERFORMANCE SUMMARY Consolidated Performance Highlights Q4 y-o-y Q3 q-o-q Full Year y-o-y Rs. Mn Growth Growth Growth FY24 FY23 (%) FY24 (%) FY24 FY23 (%) Revenue 3,704.1 3,678.8 0.7% 3,455.1 7.2% 14,293.3 13,157.7 8.6% EBITDA 428.5 494.6 (13.4)% 406.9 5.3% 1
Slide 7: Performance Highlights: Foreign Exchange Fluctuation
DYNAMATIC TECHNOLOGIES LIMITED PERFORMANCE HIGHLIGHTS Foreign Exchange Fluctuation Q4 FY2024 vs. Q3 FY2024 Q4 FY2024 vs. Q4 FY2023 Exchange Rate Q4 FY2024 Q3 FY2024 Q4 FY2023 Impact Impact % Impact Impact % EURO vs. INR 89.77 89.64 83.63 0.13 0.1% 6.14 7.3% GBP vs. INR 104.03 103.61 96.77 0.42 0.4%
Slide 8: Aerospace Segment
DYNAMATIC TECHNOLOGIES LIMITED AEROSPACE SEGMENT Financial Overview Q4 Q3 Full Year y-o-y q-o-q y-o-y Rs. Mn FY24 FY23 Growth (%) FY24 Growth (%) FY24 FY23 Growth (%) Revenue 1,419.3 1,193.6 18.9% 1,345.8 5.5% 5,100.9 4,373.7 16.6% EBITDA 445.6 321.3 38.7% 379.7 17.4% 1,309.4 1,168.2 12.1% Margin (%
Slide 9: Hydraulics Segment
DYNAMATIC TECHNOLOGIES LIMITED HYDRAULICS SEGMENT Financial Overview Q4 Q3 Full Year y-o-y q-o-q y-o-y Rs. Mn FY24 FY23 Growth (%) FY24 Growth (%) FY24 FY23 Growth (%) Revenue 1,224.8 1,186.8 3.2% 1,083.4 13.1% 4,483.4 4,616.6 (2.9)% EBITDA 70.4 215.4 (67.3)% 89.9 (21.7)% 377.1 874.8 (56.9)% Margin
Slide 10: Metallurgy Segment
DYNAMATIC TECHNOLOGIES LIMITED METALLURGY SEGMENT Financial Overview Q4 Q3 Full Year y-o-y q-o-q y-o-y Rs. Mn FY24 FY23 Growth (%) FY24 Growth (%) FY24 FY23 Growth (%) Revenue 1,059.8 1,298.4 (18.4)% 1,025.5 3.3% 4,708.1 4,166.1 13.0% EBITDA 15.7 117.9 (86.7)% 15.4 1.9% 246.7 171.4 43.9% Margin (%)
Slide 11: Quarterly Financial Trends
DYNAMATIC TECHNOLOGIES LIMITED QUARTERLY FINANCIAL TRENDS Revenue (Rs. Mn) and Growth % (Q-o-Q) Segment Wise Revenue Contribution 4.3% 4.1% 17.5% 7.2% (3.1)% (3.2)% (1.5)% (3.2)% (1.5)% 31% 31% 34% 36% 32% 29% 37% 38% 39% 33% 33% 29% 29% 35% 39% 29% 34% 30% 36% 36% 37% 36% 32% 32% 29% 31% 33% 3,209.
Slide 12: Yearly Financial Trends
DYNAMATIC TECHNOLOGIES LIMITED YEARLY FINANCIAL TRENDS Revenue (Rs. Mn) and Growth % (Y-o-Y) Segment Wise Revenue Contribution 12.1% 5.0% 8.6% (18.0)% (9.1)% 34% 29% 33% 36% 41% 37% 32% 33% 35% 40% 27% 34% 35% 31% 12,300.7 11,182.0 12,533.7 13,157.7 14,293.3 36% FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY
Slide 13: Quarterly Financial Trends: Capital Structure
DYNAMATIC TECHNOLOGIES LIMITED QUARTERLY FINANCIAL TRENDS Capital Structure Net Debt/LTM EBITDA & Debt/Equity (x) (Rs. Mn) Mar-23 Dec-23 Mar-24 Long Term 3,612.2 3,174.0 2,344.0 2.9x 2.5x 2.5x Short Term 2,571.8 2,169.0 2,237.6 Total Debt 6,184.0 5,343.0 4,581.6 Less: Cash & Cash Equivalents 1,608.6
Slide 14: Dynamatic Overview
DYNAMATIC TECHNOLOGIES LIMITED DYNAMATIC OVERVIEW • A combination of stable and high growth businesses with highly engineered products for the automotive, hydraulic and aerospace industries Diversified business • Successful track record of enhancing manufacturing capabilities through R&D and selecti
Slide 15: Dynamatic Overview
DYNAMATIC TECHNOLOGIES LIMITED DYNAMATIC OVERVIEW • Owns one of the most advanced ferrous foundries in Europe (Germany) capable of manufacturing highly intricate castings Vertically • In-house division for design validation and optimization, analysis and prototypes Integrated Facilities • 9 Faciliti
Slide 16: Combination of Stable and High Growth Businesses
DYNAMATIC TECHNOLOGIES LIMITED DYNAMATIC OVERVIEW Combination of Stable and High Growth Businesses AEROSPACE • Wings, rear fuselages, ailerons, wing • Airbus • Spirit Aerosystems flaps and major airframe structures • Boeing • HAL • Ramp structure assembly • Bell • Dassault Aviation 36% of FY2024 Rev
Slide 17: Blue Chip Investor Base
DYNAMATIC TECHNOLOGIES LIMITED BLUE CHIP INVESTOR BASE Shareholding Structure Key Investors Others • Samena Capital 24.8% • HDFC Mutual Fund Promoters Bodies 41.9% • Alchemy and Group Corporate • Girish Gulati – HUF 5.4% • Abakkus Group Alternative Investment • Madhusudan Kela and Group Fund DIIs •
Slide 18: Consolidated P&L Statement (Y-o-Y)
DYNAMATIC TECHNOLOGIES LIMITED FINANCIAL STATEMENTS Consolidated P&L Statement (Y-o-Y) Profit & Loss Statement (Rs. Mn) FY23 FY24 Revenues Revenue from operations 13,157.7 14,293.3 Expenses Cost of materials and components consumed 6,595.7 6,619.4 Change in inventory of finished goods and work-in-pr
Slide 19: Consolidated P&L Statement (Q-o-Q)
DYNAMATIC TECHNOLOGIES LIMITED FINANCIAL STATEMENTS Consolidated P&L Statement (Q-o-Q) Profit & Loss Statement (Rs. Mn) Q4 FY23 Q3 FY24 Q4 FY24 Revenues Revenue from operations 3,678.8 3,455.1 3704.1 Expenses Cost of materials and components consumed 1,794.9 1,693.1 1,666.8 Change in inventory of fi
Slide 20: Consolidated Balance Sheet - Assets
DYNAMATIC TECHNOLOGIES LIMITED FINANCIAL STATEMENTS Consolidated Balance Sheet - Assets Balance Sheet (Rs. Mn) FY23 FY24 Assets Non-current assets Property, plant and equipment 4,433.8 5,729.2 Capital work in progress 785.2 99.8 Goodwill 1,047.3 939.7 Intangible assets 244.9 243.4 Right of use asset
Slide 21: Consolidated Balance Sheet - Liabilities
DYNAMATIC TECHNOLOGIES LIMITED FINANCIAL STATEMENTS Consolidated Balance Sheet - Liabilities Balance Sheet (Rs. Mn) FY23 FY24 Equity and liabilities Equity Equity share capital 67.9 67.9 Other equity 5,351.8 6,609.5 Total shareholders fund 5,419.7 6,677.4 Non-current liabilities Financial liabilitie
Slide 22: Cash Flow Statement
DYNAMATIC TECHNOLOGIES LIMITED FINANCIAL STATEMENTS Cash Flow Statement Cash Flow Statement (Rs. Mn) FY23 FY24 Cash flow from operating activities Profit before tax 552.2 1,356.3 Adjustments: Interest income (23.1) (20.9) Gain on sale of property, plant and equipment (net) (3.0) (46.8) Exceptional I
Slide 23: Cash Flow Statement
DYNAMATIC TECHNOLOGIES LIMITED FINANCIAL STATEMENTS Cash Flow Statement Cash Flow Statement (Rs. Mn) FY23 FY24 Cash flows from investing activities Purchase of property, plant and equipment and intangibles assets (849.2) (748.8) Proceed from the sales of assets classified as held for sale 0.0 1,071.
Slide 24: Important Notice
DYNAMATIC TECHNOLOGIES LIMITED 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’
Slide 25: Contact Details
DYNAMATIC TECHNOLOGIES LIMITED CONTACT DETAILS Mr. Chalapathi P Chief Financial Officer E: chalapathi.p@dynamatics.net Mr. Shivaram V Head – Legal, Compliance & Company Secretary E: shivaram.v@dynamatics.net Dynamatic Technologies Limited JKM Plaza Dynamatic Aerotropolis 55 KIADB Aerospace Park Bang