Astra Microwave Products Ltd. · NSE:ASTRAMICRO
Astra Microwave Products — Investor Presentation (January 2022)
37 slides from Astra Microwave Products's investor presentation, Jan 29, 2022
Slide 1: Investor Presentation intimation to stock exchanges
40 ASTRA MICROWAVE PRODUCTS LIMITED Regd. Office : ASTRA Towers. Survey No. 12(P), Kothaguda Post, Kondapur, Hitechcity, Hyderabad, Telangana, INDIA - 500084 Tel : + 91 40 46618000, 46618001. Fax : + 91 40 46618048 Email : info@astramwp.com . website : www.astramwp.com CIN: L29309TG1991PLC013203 Jan
Slide 2: Investor Presentation - January 2022
Investor Presentation - January 2022 1
Slide 3: Safe harbour
Safe harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Astra Microwave Products Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for an
Slide 4: Astra: A Company With Deep Domain Expertise
Astra: A Company With Deep Domain Expertise… With over 30 years of experience in in microwave radio-frequency (RF) applications, Astra has moved up the value chain from sub-systems to high value-added systems. The company’s products find applications in high end markets of Defense, Space, Telecom, M
Slide 5: Poised for Strong Growth Amidst Sectoral Tailwinds
… Poised for Strong Growth Amidst Sectoral Tailwinds ▪ Astra has a proven track record of 2 making high value-added SYSTEMS, RF and microwave 1 Government of super components and sub- systems which are becoming more Defence spend India’s Atma Nirbhar relevant due to various in India has Bharat initi
Slide 6: Longstanding Position in the Industry
Longstanding Position in the Industry Over the past three decades, the company has revolutionized the realm of microwave technology with a range of innovative products Sub-systems provider Forward integration towards SYSTEM provider Radar Electronics First R & D Deliveries to Space Electronics Devel
Slide 7: Product Range
Product Range Astra Microwave has designed, developed and produced critical sub-systems and systems for its customers for building various airborne, naval and ground based platforms Defence Space ▪ Radars ▪ Flight Model Application ▪ Electronic Warfare ▪ Ground based Application ▪ Strategic Electron
Slide 8: Strong R&D Capabilities
Strong R&D Capabilities… Through its focus on R&D, the company develops innovative designs useful for the manufacture of cost-effective products Key product developments Engineering Capabilities Strong in-house capability in the ▪ In-house PCB assembly facility microwave radio-frequency (RF) ▪ In-ho
Slide 9: Serving Markets Through Build To Specifications (BTS) Orders
Serving Markets Through Build To Specifications (BTS) Orders and… The company's strong relationship with large corporations builds its brand equity and helps it in establishing itself as a prime contractor for large and longer- term programs in the marketplace. AMPL works on high-value complex proje
Slide 10: Build To Print (BTP) Orders
… Build To Print (BTP) Orders Astra Microwave has produced more than USD 150 million worth of high-end modules under BTP route Receipt of order from global OEMs Approval from Authority Production ▪ Works with many foreign OEMS for producing their ▪ Once the prototype is approved by the ▪ Production
Slide 11: Guided by Eminent Board of Directors
Guided by Eminent Board of Directors • Former Secretary, Defence R&D and Director General, DRDO • Eminent scientist in the field of missiles and has been a pioneer in Strapdown Inertial navigation & Guidance • Instrumental in development of several critical technologies in the field of radars, simul
Slide 12: Our Intellectual Capital
Our Intellectual Capital Astra has a highly experienced workforce (including 401 technocrats of which two are Doctorates) which keeps the company on forefront of technology. Its employees are continuously trained through in-house workshops and external programs Total workforce (as on September 30th,
Slide 13: Our Subsidiaries & JV
Our Subsidiaries & JV Overview ▪ BEPL is a fully owned subsidiary of Astra Microwave ▪ Established with State-of-the-Art manufacturing & test facilities to meet Global Standards. This combined with experienced man power & stabilized processes ensure that the needs of various Industry Segments can be
Slide 14: Way Forward
Way Forward
Slide 15: Indian Defence Industry is Growing
Indian Defence Industry… is Growing India’s extensive modernisation plans, an increased focus on homeland security to increase government allocation for defence expenditure along with Make in India focus are expected to drive healthy growth in the sector Large & growing market….. ….with strong secto
Slide 16: DAP 2020: Make & Innovation Policies
DAP 2020: Make & Innovation Policies ▪ Projects involving design and development of equipment, systems, major platforms or upgrades thereof by the Make I (Government Funded) industry. For Projects under Make-I sub-category, MoD will provide financial support upto 70% of prototype development cost or
Slide 17: Our Strategy for Growth
Our Strategy for Growth… Key Business Strategy New product development to Focus on Research & Joint Ventures and Strategic Reap benefits of sectoral accelerate growth Development alliances tailwinds ▪ Through JV or strategic alliances, ▪ By doing extensive investments to offer improved technology an
Slide 18: In the Changing Landscape of Opportunities
… In the Changing Landscape of Opportunities India’s Astra Wide Array of Opportunities due to Government Initiatives Strategic Electronic Telemetry ▪ Various government initiatives are encouraging the industry to develop the Sub-systems Command guidance units system either through in-house developme
Slide 19: Financial Highlights
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Slide 20: Segmental Revenue Break-up
Segmental Revenue Break-up H1FY21 H1FY22 1% 1% 15% 34% 8% 2% 57% 1% 75% 9% Defence Space Meteorological Exports including Deemed Exports Others Break up of revenue on Gross Sales basis 19
Slide 21: Robust Orderbook
Robust Orderbook Historical Orderbook Build-Up Orderbook Updates (Rs. in Crs) +12% 1,749 ▪ One major order of ~Rs. 140 crores received from DRDO for AAAU for 1,561 shipborne radar 1,383 608 1,167 252 543 ▪ Received ~Rs. 21 crores orders for EW (electronic warfare) 103 264 254 250 ▪ Received ~Rs. 40
Slide 22: Performance Highlights – Q2 & H1FY22
Performance Highlights – Q2 & H1FY22 Revenue (Rs. in Crs) EBIDTA (Rs. in Crs) PAT (Rs. in Crs) +47% 3.0% 6.0% 4.7% 10.7% 297 +235% Standalone +69% 32 13 202 177 +238% 3 105 11 9 3 -6 -7 Q2FY21 Q2FY22 H1FY21 H1FY22 Q2FY21 Q2FY22 H1FY21 H1FY22 Q2FY21 Q2FY22 H1FY21 H1FY22 +48% 3.6% 6.7% 4.7% 12.2% 309
Slide 23: Q2 & H1FY22 Standalone Profit & Loss
Q2 & H1FY22 Standalone Profit & Loss PARTICULARS (Rs. In Cr) Q2FY22 Q2FY21 YOY H1FY22 H1FY21 YOY Revenue from Operations 176.8 104.7 68.9% 297.0 202.1 47.0% Gross Profit 36.4 27.6 31.5% 83.3 55.6 49.8% Gross Profit Margin 20.6% 26.4% 28.0% 27.5% Employee Expenses 15.6 14.3 31.7 27.7 Other Expenses 1
Slide 24: H1FY22 Standalone Balance Sheet
H1FY22 Standalone Balance Sheet ASSETS (Rs. In Cr) Sep-21 Mar-21 EQUITY AND LIABILITIES (Rs. In Cr) Sep-21 Mar-21 Non-Current Assets 202 202 Equity and Liabilities 563 561 Property, plant and equipment 144 150 Capital WIP 3 0 Equity share capital 17 17 Intangible Assets 1 Equity attributable to owne
Slide 25: Historical Financials
Historical Financials
Slide 26: Historical Performance Highlights
Historical Performance Highlights Revenue (Rs. in Crs) EBIDTA (Rs. in Crs) PAT (Rs. in Crs) +9% 589 Standalone 462 110 61 418 102 60 361 84 47 286 64 24 30 13 FY 17 FY 18 FY 19 FY 20 FY 21 FY 17 FY 18 FY 19 FY 20 FY 21 FY 17 FY 18 FY 19 FY 20 FY 21 +11% 641 Consolidated 111 467 99 58 61 420 366 82 7
Slide 27: Historical Standalone Profit & Loss
Historical Standalone Profit & Loss PARTICULARS (Rs. In Cr) FY21 FY20 FY19 FY18 FY17 Revenue from Operations 589.2 461.6 286.2 360.5 417.7 Total Raw Material 418 267 159 152 218 Gross Profit 170.7 194.7 126.9 208.5 199.3 Gross Profit Margin 29.0% 42.2% 44.3% 57.8% 47.7% Employee Expenses 64 66 61 66
Slide 28: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet ASSETS (Rs. In Cr) Mar-21 Mar-20 Mar-19 Mar-18 Mar-17 EQUITY AND LIABILITIES (Rs. In Cr) Mar-21 Mar-20 Mar-19 Mar-18 Mar-17 Non-Current Assets 202 213 222 217 217 Equity and Liabilities 561 547 503 502 451 Property, plant and equipment 150 158 176 193 148 Equity s
Slide 29: Annexure
Annexure
Slide 30: Equipped with State of the Art Infrastructure
State of the Art Infrastructure… Astra has advanced in-house facilities for lower turnaround time for product realization appreciated by domestic and foreign customers Hyderabad, Telangana Karnataka Unit I Unit II Unit III Unit IV Unit VII Bengaluru Unit Clean room compatible oven for curing epoxy T
Slide 31: Infrastructure for Assembly, Functional & Environment Testing
…for Assembly, Functional & Environment Testing Assembly Infrastructure Functional Testing Environment Testing ▪ 450,000 sq. ft. of research, design, development and ▪ Near Field Test Range (NFTR) ▪ EMI/EMC Test facility manufacturing across 6 units ▪ Digital Signalling ▪ HASS/HALT Chambers ▪ Fully
Slide 32: Niche Product Offerings
Niche Product Offerings Radars Electronic Warfare (EW) Products Missile & Telemetry Space Meteorology & Hydrology Antenna MMIC 31
Slide 33: Strong Presence in SYSTEMS
Strong Presence in SYSTEMS Multi-function Radar Systems Instrumentation Radar & Telemetry Perimeter Intrusion Meteorology Radar Air Traffic Management systems Detection System Systems Radar System ` AMP-MFRS-101 AMP-PIDR-301 AMP-VADR-201/202 AMP-WPR-402 & 403 AMP-MFRS-102 AMP-PPAR-501 AMP-MFRS-103 A
Slide 34: Significant Entry Barriers
Significant Entry Barriers Industry Leading Certifications 33
Slide 35: Awards & Accolades
Awards & Accolades Testimony of Consistent Performance LAToT Ceremony for Coastal Surveillance Radar Excellence in Innovation, Design Technology, R&D 2021 Defence Technology Absorption Ceremony Import Substitute Award ELCINA EFY Award for Business Excellence 34
Slide 36: CSR: Our Contribution towards the Society
CSR Our Contribution towards the Society Eradicating hunger, poverty Ensuring environmental Protection of national Promoting education Promoting gender equality and malnutrition sustainability heritage Benefit of armed forces Training to promote rural Contribution to the PM’s Funds provided to Rural
Slide 37: Thank You
Thank You For more information please contact: Astra Microwave Products Limited CIN No: L293091G1991PLC013203 Mr. B.V.S Narasinga Rao Email id: narasingaa@astramwp.com Strategic Growth Advisors Pvt Ltd. CIN No: U74140MH2010PTC204285 Akashi Modi/ Shikha Puri Email id: akashi.modi@sgapl.net / shikha.p
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