Syrma Sgs Technology Limited · NSE:SYRMA
Syrma Sgs Technology — Conference Presentation (May 2024)
30 slides from Syrma Sgs Technology's conference presentation, May 17, 2024
Slide 1: Intimation of Institutional Investor Meetings under Regulation 30
Date: May 17, 2024 To, Listing Department Department of Corporate Service National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, G Block, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East), Mumbai - 400 051. Dalal Street, Mumbai - 400 001. Symbol: SYRMA Scrip Code: 543
Slide 2: Expanding Horizons: Investor Presentation May 2024
EXPANDING HORIZONS P R O D U C T S . V E R T I C A L S . G E O G R A P H Y . Investor Presentation May 2024
Slide 3: Disclaimer
DISCLAIMER Certain statements in this presentation are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements o
Slide 4: Syrma SGS - A Brief
SYRMA SGS - A BRIEF Our Capabilities And Value Creation in Electronics System Design and Manufacturing (ESDM) Leaders in high-mix Higher margins and Strategically Strong R&D Strong Export flexible volume product high growth segments Diversified Model capabilities Footprint Figures that matter CAGR G
Slide 5: Geographical Presence
GEOGRAPHICAL PRESENCE Strategically Located 18 Manufacturing Facilities with 3 R&D Centres R&D capabilities built over 3 decades New Existing 100+ employees in Engineering, Design & Development. Manesar Baddi, Himachal Three dedicated R&D facilities – Bawal Noida (UP) in Germany and India Gurgaon Ge
Slide 6: Expanding Reach
EXPANDING REACH Number of customer Area (in Sq. Ft.) 280+ 250+ 1,930,000 1900k+ sq. ft 220+ Manufacturing space 200+ 840,000 600,000 450,000 Undergoing planned expansion. FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 Domestic Revenue Export Revenue 150+ Vendors 23,421 8,117 20+ Across countries 14,066 6,4
Slide 7: New Products Across Verticals
NEW PRODUCTS ACROSS VERTICALS Verticals (FY24) Consumer Industrials Automotive Healthcare Railways & IT Industrials 21% 8% 5% 40% 26% 21% 8% 5% Recently onboarded products across verticals . . Utility Meter HB-Meter Healthcare Battery Controller Auto GPON-Jio Consumer Muscle Toning Interlocking Syst
Slide 8: Automotive and Electric Mobility
AUTOMOTIVE AND ELECTRIC MOBILITY EV MOBILITY COMBUSTION & ACCESSORIES Dashboard & Battery Management Clusters Beacon Infotainment System Motor Controller Unit Engine /Fuel Control Unit Light Controllers Light Charging Display Controllers Infrastructure Controller Top Customers Revenue Performance ₹
Slide 9: Consumers
CONSUMERS SMART CONSUMER FASTTAG & RFID 5G WATER PURIFICATION ELECTRONICS & BLDC SYSTEMS APPLICATIONS SUBSCRIBER DEVICES & CLEANING Top Customers Revenue Performance ₹ Million 12,608 6,597 2,076 2,577 FY21 FY22 FY23 FY24 Investor Presenation 8
Slide 10: Industrials
INDUSTRIALS SMART INDUSTRIAL POWER SUPPLIES, INDUSTRIAL CLEANING INDUSTRIAL CLEANING ENERGY METERS SOLAR CONTROLLERS & PRINTING & PRINTING Top Customers Revenue Performance ₹ Million 8,333 6,422 4,412 3,912 FY21 FY22 FY23 FY24 Investor Presenation 9
Slide 11: Healthcare & Medical Devices
HEALTHCARE & MEDICAL DEVICES PERSONAL HEALTHCARE POWER SUPPLIES FOR HIGH-PRECISION DIGITAL X RAY, MUSCLE TONING, DEVICES MEDICAL DEVICES DISPENSERS SMART CANES DIAGNOSTICS Top Customers Top Customers Revenue Performance ₹ Million 2,528 Leading global healthcare company 1,619 1,633 1,252 FY21 FY22 FY
Slide 12: Railways and IT
RAILWAYS AND IT SIGNALING SYSTEMS, DOOR RAILWAY MEMORY MOTHERBOARDS CONTROLLERS, BRAKING SYSTEM CAB EQUIPMENT MODULES & ASSEMBLIES Top Customers Top Customers Revenue Performance ₹ Million Leading laptop manufacturing and 1,543 1,802 1,574 locomotive companies 314 FY21 FY22 FY23 FY24 Investor Presen
Slide 13: Continuing Substantial Tailwinds
CONTINUING SUBSTANTIAL TAILWINDS Government Global China+1 Strong domestic Large import initiatives focus demand substitution opportunity • Capitalizing on government • Positioning ourselves as a • Catering to the growing • Streamlining the ecosystem incentives such as (PLI), (MEIS) reliable alterna
Slide 14: Management
MANAGEMENT Senior management Sandeep Tandon Jasbir S. Gujral Executive Chairman Managing Director • 18+ years of experience in electronics manufacturing sector • 40+ years of leadership experience in electronics design and • Bachelor of science in electrical engineering; YPO President’s manufacturin
Slide 15: Our Board
OUR BOARD Jaideep Tandon Jayesh Doshi Non-Executive Director Non-Executive Director • Director of Infinx Services Pvt. Ltd. and TIS International (USA) Inc. • Previously associated with Dalmia Bharat Limited as a WTD and • Masters in Electrical Engineering from Cornell university CFO • Bachelors of
Slide 16: Key Focus Areas
KEY FOCUS AREAS Strengthen core Pursue inorganic Cater to new-age Partnering Marquee competitiveness of growth through products and Driving Operational Clients technology innovation strategic acquisition industries Efficiencies Investor Presenation 15
Slide 17: Industry Outlook: Robust Demand Across Verticals
INDUSTRY OUTLOOK Auto Consumer Healthcare Industrial Railways & IT • Electric Mobility • 5G Devices • Digitalisation • Utility Metering • Railway Modernisation • Charging Infrastructure • Connected smart devices • Personal Health • 5G Infrastructure • Metro Projects • Smart Infotainment • BLDC Techn
Slide 18: FY2024 Performance
FY2024 Performance
Slide 19: Performance Highlights: FY24
PERFORMANCE HIGHLIGHTS : FY24 ₹ million Total Revenue • Total Revenue ₹ 32,124 Mn up by 54% YoY. Operating EBITDA • Operating EBITDA ₹ 2,154 Mn up by 10% YoY; OP EBITDA margin at 6.8% EBITDA • EBITDA ₹ 2,571 Mn up by 11% YoY; EBIDTA margin at 8.0% PBT • PBT ₹ 1,678 Mn million lower by 6% YoY; PBT ma
Slide 20: Financial Highlights: FY24
FINANCIAL HIGHLIGHTS : FY24 ₹ Million Total Revenue EBITDA ₹ 32,124 ₹ 2,571 ₹ 2,315 ₹ 20,921 FY23 FY24 FY23 FY24 Profit Before Tax Profit After Tax ₹ 1,787 ₹ 1,231 ₹ 1,243 ₹ 1,678 FY23 FY24 FY23 FY24 19
Slide 21: Brief Financial Summary FY24
BRIEF FINANCIAL SUMMARY FY24 ₹ Million Particulars FY23 FY24 YoY Revenue From Operations 20,556 31,707 54% Other Income 366 418 14% Total Revenue 20,921 32,124 54% Gross Profit 5,517 7,055 28% Margin % 26.4% 22.0% (4%) Operating Expenses 3,201 4,484 40% EBITDA (Ex Other Income) 1,950 2,154 10% Margi
Slide 22: Industry Segment: FY24
INDUSTRY SEGMENT: FY24 Revenue (₹ million) Industry YoY FY23 FY24 Auto 4,029 6,495 61% Consumer 6,597 12,608 91% Healthcare 1,633 2,528 55% Industrials 6,422 8,333 30% IT and Railways 1,802 1,574 (13%) Total 20,484 31,538 54% 21
Slide 23: Financial Ratios
FINANCIAL RATIOS Particulars FY23 FY24 EBITDA Margin (Ex Other Income, %) 9.5% 6.8% EBITDA Margin (%) 11.1% 8.0% PBT Margin (%) 8.5% 5.2% PAT Margin (%) 5.9% 3.9% Net Debt to EBITDA (LTM) NM 0.7 Debt to Equity 0.2 0.3 ROCE (%) 15.0% 9.9% ROCE (%, Adj for IPO Money & Goodwill) 23.8% 15.4% **ROCE = An
Slide 24: Q4 FY2024 Performance
Q4 FY2024 Performance 23
Slide 25: Performance Highlights: Q4 FY24
PERFORMANCE HIGHLIGHTS : Q4 FY24 ₹ million Total Revenue • Total Revenue ₹ 11,497 Mn up 63% YoY. Operating EBITDA • Operating EBITDA ₹ 820 Mn up by 28% YoY; OP EBITDA margin at 7.2% EBITDA • EBITDA ₹ 893 Mn up by 10% YoY; EBIDTA margin at 7.8% PBT • PBT ₹ 612 Mn lower by 10% YoY; PBT margin at 5.3%
Slide 26: Financial Highlights: Q4 FY24
FINANCIAL HIGHLIGHTS : Q4 FY24 ₹ Million Total Revenue EBITDA ₹ 11,497 ₹ 893 ₹ 808 509 ₹ 7,034 ₹ 7,188 Q4 FY23 Q3 FY24 Q4 FY24 Q4 FY23 Q3 FY24 Q4 FY24 Profit Before Tax Profit After Tax ₹ 681 ₹ 429 ₹ 452 ₹ 612 203 270 Q4 FY23 Q3 FY24 Q4 FY24 Q4 FY23 Q3 FY24 Q4 FY24 25
Slide 27: Brief Financial Summary Q4 FY24
BRIEF FINANCIAL SUMMARY Q4 FY24 ₹ Million Particulars Q4 FY23 Q3 FY24 Q4 FY24 QoQ YoY Revenue From Operations 6,867 7,093 11,424 61% 66% Other Income 167 95 73 (23%) (56%) Total Revenue 7,034 7,188 11,497 60% 63% Gross Profit 1,698 1,715 2,104 23% 24% Margin % 24.1% 23.9% 18.3% (6%) (6%) Operating E
Slide 28: Industry Segment: Q4 FY24
INDUSTRY SEGMENT: Q4 FY24 Revenue (₹ million) Industry QoQ YoY Q4 FY23 Q3FY24 Q4 FY24 Auto 1,233 1,510 1,809 20% 47% Consumer 2,708 2,544 5,220 105% 93% Healthcare 471 693 1,166 68% 147% Industrials 1,882 1,955 2,619 34% 39% IT and Railways 500 365 526 44% 5% Total 6,795 7,067 11,341 60% 67% 27
Slide 29: Debt and Cash
DEBT AND CASH ₹ Million Particulars 31-Mar-23 31-Mar-24 Term Loan 899 872 Working Capital Loan 2,570 4,891 Total Debt 3,468 5,763 Investments 8,291 3,158 Cash and Cash Equivalents 544 856 Total Cash & Equivalents 8,836 4,014 Net Debt / (Cash) (5,367) 1,749 28
Slide 30: Thank you
www.syrmasgs.com Thank you Investors Contact: Nikhil Gupta, CFA Head – Investor Relations +91 11 4700 2122 investor.relations@syrmasgs.com
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