Centum Electronics Limited · NSE:CENTUM
Centum Electronics — H1/Q2-FY22 Earnings Presentation
19 slides from Centum Electronics's earnings presentation, Nov 17, 2021
Slide 1: Letter to stock exchanges: Earnings Presentation
Ref: CEL/NSEBSE/EP/17112021 17th November, 2021 To, Listing Department Department of Corporate Services ‐ Listing National Stock Exchange of India Limited BSE Limited Exchange Plaza, P. J. Towers, Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Re: Scrip Symbol:
Slide 2: Earnings Presentation H1/Q2-FY22
EARNINGS PRESENTATION H1/Q2-FY22
Slide 3: Snapshot
Snapshot 25+ years of domain expertise in Global Operations with strong Concept to Commissioning 1,800 Employees Electronics Design & Manufacturing presence in India, Europe and North capabilities 650 Designers Solutions America Flexible Engagement Models Strong Supply Chain Network Strong relations
Slide 4: Company Overview
Company Overview • Founded in 1993, Centum Electronics Limited FY22 Key Business Segments: (Centum) is one of the largest Electronics System Operational Income (In Mn) and EBITDA • Engineering R&D (ER&D) Services (34%) – Involves Design and Manufacturing (ESDM) companies in conceptualizing and desig
Slide 5: H1/Q2-FY22 Financial Overview
H1/Q2-FY22 FINANCIAL OVERVIEW
Slide 6: H1/Q2-FY22 Financial Highlights
H1/Q2-FY22 Financial Highlights Q2-FY22 Standalone Performance: Q2-FY22 Consolidated Performance: • Operational Income: INR 821 Mn • Operational Income: INR 1,724 Mn • Operational EBITDA: INR 73 Mn • Operational EBITDA: INR 121 Mn • Operational EBITDA Margin: 8.89% • Operational EBITDA Margin: 7.02%
Slide 7: Q2-FY22 Consolidated Financial Performance
Q2-FY22 Consolidated Financial Performance Revenue from Operations (INR Mn) EBITDA (INR Mn) 2 ,5 0 2 5 0 Revenue remained at similar 2,051 218 EBITDA improved over the level to the previous quarter. 2 ,0 0 1,744 1,724 2 0 previous quarter due to The shortage in semi- 121 1 ,5 0 1 5 0 better mix and
Slide 8: H1/Q2-FY22 Operational Highlights
H1/Q2-FY22 Operational Highlights • Financial performance of Standalone has improved over the previous quarter due to increased revenue and better mix. • Centum Adetel Group revenues decreased over the previous quarter due to shortage of components which affected the bottom line. • Significant debt
Slide 9: Q2-FY22 – Standalone Income Statement
Q2-FY22 – Standalone Income Statement Particulars (INR Mn) Q2-FY22 Q2-FY21 Y-o-Y Q1-FY22 Q-o-Q Operational Income 821 1,186 (30.8)% 602 36.4% Total Expenses 748 970 (22.9)% 621 20.5% EBITDA 73 216 (66.2)% (19) NA EBITDA Margins (%) 8.89% 18.21% (932) bps NA NA Other Income 32 7 NA 12 166.7% Deprecia
Slide 10: H1-FY22 – Standalone Income Statement
H1-FY22 – Standalone Income Statement Particulars (INR Mn) H1-FY22 H1-FY21 Y-o-Y Operational Income 1,423 2,239 (36.4)% Total Expenses 1,362 1,866 (27.0)% EBITDA 61 373 (83.6)% EBITDA Margins (%) 4.29% 16.66% NA Other Income 38 16 137.5% Depreciation 83 77 7.8% Finance Cost 79 96 (17.7)% Exceptional
Slide 11: Standalone Balance Sheet
Standalone Balance Sheet Particulars (INR Mn) FY20 FY21 H1-FY22 Particulars (INR Mn) FY20 FY21 H1-FY22 ASSETS EQUITY AND LIABILITIES Non-Current Assets 2,118 2,110 2,186 Equity 2,363 2,547 2,464 (a) Property, Plant & Equipment 1,116 1,075 1,037 Share Capital 129 129 129 (b) Capital Work in progress
Slide 12: Q2-FY22 – Consolidated Income Statement
Q2-FY22 – Consolidated Income Statement Particulars (INR Mn) Q2-FY22 Q2-FY21 Y-o-Y Q1-FY22 Q-o-Q Operational Revenue 1,724 2,051 (15.9)% 1,744 (1.1)% Total Expenses 1,603 1,833 (12.5)% 1,648 (2.7)% EBITDA 121 218 (44.5)% 96 26.0% EBITDA Margin (%) 7.02% 10.63% (361) bps 5.50% 152 bps Other Income 29
Slide 13: H1-FY22 – Consolidated Income Statement
H1-FY22 – Consolidated Income Statement Particulars (INR Mn) H1-FY22 H1-FY21 Y-o-Y Operational Revenue 3,468 3,947 (12.1)% Total Expenses 3,250 3,547 (8.4)% EBITDA 218 400 (45.5)% EBITDA Margin (%) 6.29% 10.13% (384) bps Other Income 45 37 21.6% Depreciation 223 211 5.7% Finance Cost 134 145 (7.6)%
Slide 14: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (INR Mn) FY20 FY21 H1-FY22 Particulars (INR Mn) FY20 FY21 H1-FY22 ASSETS EQUITY AND LIABILITIES (1) Non-current assets 3,759 3,611 3,299 (1) Equity 2,300 2,401 1,879 1,253 1,184 1,134 (a) Equity share capital 129 129 129 (a) Property, Plant and Equipment (b) Ot
Slide 15: Historical Standalone Income Statement
Historical Standalone Income Statement Particulars (INR Mn FY19 FY20 FY21 H1-FY22 Operational Income 4,987 4,824 4,245 1,423 Total Expenses 4,290 4,111 3,621 1,362 EBITDA 697 713 624 61 EBITDA Margins (%) 13.98% 14.78% 14.70% 4.29% Other Income 38 43 39 38 Depreciation 121 132 158 83 Finance Cost 26
Slide 16: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (INR Mn) FY19 FY20 FY21 H1-FY22 Operational Revenue 9,304 8,833 8,174 3,468 Total Expenses 8,267 7,852 7,279 3,250 EBITDA 1,037 981 895 218 EBITDA Margin (%) 11.15% 11.11% 10.95% 6.29% Other Income 71 153 58 45 Depreciation 278 414 453 223 Finance
Slide 17: Consolidated Financial Highlights
Consolidated Financial Highlights Operational Revenue EBITDA & EBITDA Margin (%) PAT & PAT Margin (%)* 9,304 8,833 8,174 * 1 ,2 0 11.16% 11.11% 10.95% 12. 00% 6 0 10. 00% 7,811 5.06% 1.90% 1 ,0 0 10. 00% 471 4 0 5. 00% 981 1.47% 0.12% 8 0 8. 00% 1,038 2 0 0. 00% 6 0 5.11% 6. 00% 9 168 120 3,468 - -
Slide 18: Capital Market Data
Capital Market Data Stock Market Performance (as on 30th September, 2021) 100% 80% 60% 40% 20% 0% -20% Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Centum Sensex Shareholding Pattern (as on 30th September, 2021) th Price Data (as on 30 September 2021) CMP 473.5
Slide 19: Disclaimer
Disclaimer Centum Electronics Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all eve
Centum Electronics — H1/Q2-FY22 Earnings Presentation on 6ix