Kaynes Technology India Ltd. · NSE:KAYNES
Kaynes Technology India — Q3 FY23 Earnings Presentation
27 slides from Kaynes Technology India's earnings presentation, Jan 31, 2023
Slide 1: Exchange filing cover letter under Regulation 30
January 31, 2023 The Secretary The Secretary BSE Ltd. National Stock Exchange of India Ltd. Corporate Relationship Dept., Exchange Plaza, Plot no. C/1, G Block, 14th floor, P. J. Tower, Bandra-Kurla Complex, Dalal Street, Fort Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Stock Code 3 543664 Stock C
Slide 2: Earnings Presentation Q3 & 9M FY23 Results
Earnings Presentation Q3 & 9M FY23 Results
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Kaynes Technology India Limited (<Company") solely for information purposes without any regard to any specific objectives, financial situations or informational needs of any particular person. This presentation may not be copied, distributed or disse
Slide 4: Table of Contents
Table of Contents 04 Q3 FY23 & 9M FY23 Highlights 10 IPO Proceeds Utilization 11 Company Overview 20 Board of Directors & Leadership Team 22 Annexure 1 - Financials 24 Annexure 2 3 Shareholding Pattern 3
Slide 5: Q3 FY23 & 9M FY23 Highlights
Q3 FY23 & 9M FY23 Highlights 4
Slide 6: Business Snapshot 9M FY23
Business Snapshot 3 9M FY23 Over 344 Serving over 8 Advanced INR 7,615.27 mn. INR 1,089.66 mn. Manufacturing Revenue EBITDA customers 24 countries Facilities Up 62.80% YoY Up 103.09% YoY INR 539.16 mn. INR 25,579.61 mn. 60% 51 10 Global PAT Order Book Contribution from Exports Clients Certifications
Slide 7: Key Highlights
Key Highlights Q3 FY23 YoY Change 9M FY23 YoY Change Revenue ¹ 2,890.91 mn 57.61% Revenue ¹ 7,615.27 mn 62.80% EBITDA ¹ 411.58 mn 87.24% EBITDA ¹ 1,089.66 mn 103.09% EBITDA % 14.24% 225 bps EBITDA % 14.31% 284 bps PAT ¹ 228.69 mn 112.87% PAT ¹ 539.16 mn 147.06% PAT % 7.91% 205 bps PAT % 7.08% 241 bp
Slide 8: Financial Highlights Q3 & 9M FY23
Financial Highlights 3 Q3 & 9M FY23 Revenue EBITDA PAT INR Mn INR Mn INR Mn 7.91% 7.69% 50 0 15.83% 18.0% 230 8.0% 14.24% 45 0 16.0% 5.86% 7.0 % 40 0 11.98% 14.0% 180 6.0% 350 2,891 12.0% 2,732 229 5.0% 130 300 210 10.0% 432 4.0% 250 412 8.0% 80 200 1,834 3.0% 107 6.0% 220 150 2.0% 4.0% 30 100 1.0 %
Slide 9: Consolidated Results Summary
Consolidated Results Summary Particulars (INR Mn) Q3 FY23 Q2 FY23 Q3 FY22 QoQ YoY Revenue from Operations 2,890.91 2,731.69 1,834.17 5.83% 57.61% Expenses Cost of Materials 2,028.53 1,913.67 1,268.22 6.00% 59.95% Employee Benefit Expenses 191.24 179.07 162.63 6.80% 17.59% Other Expenses 259.56 206.5
Slide 10: Revenue Mix 9M FY23
Revenue Mix 3 9M FY23 Revenue Across Verticals Revenue Across Segments 9.32% 5.03% 3.91% 5.14% 27.03% 11.21% 38.41% 6.45% 1.52% 64.03% 27.95% Automotive Industrial A&D + others Medical OEM -Box Build OEM - PCB Assembly Railways IoT/IT Consumer ODM Product Engineering & IoT Solutions 9
Slide 11: IPO Proceeds Utilization
IPO Proceeds Utilization Amount to be Utilized as per Utilization up to 31st December Unutilized Amount as on 31 st Objects of the Issue as per Prospectus Prospectus 2022 December 2022 Repayment/ prepayment, in full or 1,300.00 1,300.00 - part, of certain borrowings availed by our Company Funding ca
Slide 12: Company Overview
Company Overview PaKAYNES TECHNOLOGY
Slide 13: Company Overview
Company Overview Over 3 decades of 8 Advanced experience Caters to multiple manufacturing in providing industry verticals - facilities to conceptual design, automotive, undertake high mix process engineering, aerospace and and high value integrated defense, industrial, products with manufacturing an
Slide 14: Business Evolution and Key Milestones
Business Evolution and Key Milestones 1988 2000 2008 2010 2016 2021 " Established as a " Got approval for " Established " Established unit " Established " Started exporting sensor manufacturing setting up Kaynes in Bengaluru manufacturing facility electric assembly to enterprise hardware export- Tec
Slide 15: The Kaynes Advantage - Key Strengths
The Kaynes Advantage - Key Strengths Experienced promoters Internationally recognized Longstanding and senior and certified relationships with top management with a manufacturing facilities global & domestic consistent track record supported by a strong customers of superior financials supply chain
Slide 16: Diversified Product Portfolio
Diversified Product Portfolio Cluster PCBA Head/Tail/Fog/DRL PCBA Switches PCBA BCU Master / Slave Automotive Smart Energy Meter Street light controller HVAC Thermostat Precision Bridge and Strain Industrial Air Data Sensor Mission Critical Products Thermal Imaging Systems Communication Electronics
Slide 17: Business Snapshot
Business Snapshot Revenue EBITDA PAT INR Mn 7,615.27 INR Mn EBITDA EBITDA Margin % INR Mn PAT PAT Margin % 14.31% 15.00% 1000 7.08% 8.00 % 11.47% 1450 4,677.75 13.0 0% 90 0 7.0 0% 125 0 1,089.66 11.00 % 80 0 4.67% 6.00 % 539.16 700 1050 9.00 % 5.00 % 60 0 7.0 0% 50 0 4.00 % 85 0 536.54 218.23 40 0 5
Slide 18: Proven record of consistent financial performance (1/2)
Proven record of consistent financial performance (1/2) Total Revenue EBITDA and EBITDA Margins INR Mn INR Mn EBITDA EBITDA Margin 14.31% 7,655.72 13.26% 7,103.54 14.00% 1,089.66 11.22% 1,20 0.00 936.71 12.00 % 1,000.00 9.72% 4,246.63 3,701.66 10.00% 80 0.00 8.00 % 413.33 408.91 6 00.00 6.00 % 40 0.
Slide 19: Proven record of consistent financial performance (2/2)
Proven record of consistent financial performance (2/2) Net Worth Asset Turnover Ratio (Not annualized) INR Mn 9,163.84 6.00 x 10,000 .0 0 9,00 0.00 5.00 x 4.79x 4.73x 8,00 0.00 4.02x 7,0 00.00 4.00 x 3.68x 6 ,00 0.00 5,00 0.00 3.00x 4,00 0.00 3,000 .0 0 2,018.18 2.00x 2,000.00 957.58 1,365.10 1.0 0
Slide 20: Working Capital Analysis
Working Capital Analysis Inventory Days Receivable Days 160 136 137 120 108 93 98 140 118 115 91 83 100 120 101 80 100 80 60 60 40 40 20 20 - - FY20 FY21 FY22 Q1 FY23 9M FY23 FY20 FY21 FY22 Q1 FY23 9M FY23 Payable Days Net Working Capital Days 140 122 160 135 113 122 120 140 121 117 94 100 86 120 98
Slide 21: Board of Directors & Leadership Team
Board of Directors & Leadership Team 20
Slide 22: Experienced Board of Directors and Leadership Team
Experienced Board of Directors and Leadership Team Ramesh Kunhikannan Anup Kumar Bhat Managing Director & Promoter 1 Independent Director 33 years of experience in the EMS industry Several years of experience Associated with the company since inception Ex. VP Ashok Leyland (subsidiary support) B.Tec
Slide 23: Annexure 1 - Financials
Annexure 1 3 Financials 22
Slide 24: Consolidated Statement of P&L
Consolidated Statement of P&L Particulars (INR Mn) Q3FY23 Q3FY22 YoY (%) 9M FY23 9M FY22 YoY (%) Revenue from Operations 2,890.91 1,834.17 57.61% 7,615.27 4,677.75 62.80% Other Income 26.30 22.09 19.06% 40.45 41.54 -2.62% Total Income 2,917.21 1,856.26 57.16% 7,655.72 4,719.29 62.22% Expenses Materi
Slide 25: Annexure 2 - Shareholding Pattern
Annexure 2 3 Shareholding Pattern 24
Slide 26: Shareholding Pattern
Shareholding Pattern 12.17% Promoter & Promoter Group 4.67% Foreign Portfolio Investors 5.07% Mutual Funds 5.99% Alternate Investment Funds Foreign Companies 8.53% 63.57% Others Shareholding Pattern as on 31st December 2022 Listing Date: 22nd Nov 822 BSE Ticker: 543664 NSE Symbol: KAYNES Source: BSE
Slide 27: Thank You
Thank You Contact Us Jairam P Sampath, Whole-time Director & Chief Financial Officer Kaynes Technology India Limited Address: 23-25 Belagola Food Industrial Estate, Metagalli PO, Mysore 570016 Karnataka, India. Phone Nos.: 0821 - 2582595 Corporate ID: L29128KA2008PLC045825 Email: ir@kaynestechnology
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