Slide 1: Q4 and Full Year FY2023 Earnings Presentation
DYNAMATIC TECHNOLOGIES LIMITED Q4 and Full Year FY2023 EARNINGS PRESENTATION Hydraulics Aerospace Metallurgy © 2023 Proprietary Information of Dynamatic Technologies Limited
Slide 2: FY2023 Performance Highlights
DYNAMATIC TECHNOLOGIES LIMITED FY2023 PERFORMANCE HIGHLIGHTS Highlights FY2023 vs. FY2022 FY2023 Revenue Breakup FY2023 • Revenue of Rs. 1,315.8 cr; up by 5.0% from Rs. 1,253.4 cr in FY22 o Aerospace segment revenue of Rs. 437.4 cr; up by 21.4% from Rs. 360.1 cr 32% 33% FY2022 29% 37% o Hydraulics s
Slide 3: Q4 FY2023 Performance Highlights
DYNAMATIC TECHNOLOGIES LIMITED Q4 FY2023 PERFORMANCE HIGHLIGHTS Highlights Q4 FY2023 vs. Q4 FY2022 Q4 FY2023 Revenue Breakup Q4 • Revenue of Rs. 367.9 cr; up by 14.6% from Rs. 320.9 cr in Q4 FY22 FY2023 o Aerospace segment revenue of Rs. 119.4 cr; up by 20.1% from Rs. 99.4 cr 35% 32% Q4 33% 31% FY20
Slide 4: Performance Highlights: Management Commentary
DYNAMATIC TECHNOLOGIES LIMITED PERFORMANCE HIGHLIGHTS Management Commentary Commenting on the results, Mr. Udayant Malhoutra, CEO and Managing Director said: The Company has reported strong performance in the aerospace as well as the hydraulic segments. The growth has been supported by a change in p
Slide 5: Financial Performance Summary
DYNAMATIC TECHNOLOGIES LIMITED FINANCIAL PERFORMANCE SUMMARY Consolidated Performance Highlights (Continuing Operations) Q4 Q3 Full Year y-o-y q-o-q y-o-y Rs. crore FY23 FY22 Growth (%) FY23 Growth (%) FY23 FY22 Growth (%) Revenue 367.9 320.9 14.6% 313.2 17.5% 1,315.8 1,253.4 5.0% EBITDA 49.5 48.2 2
Slide 6: Performance Highlights: Foreign Exchange Fluctuation
DYNAMATIC TECHNOLOGIES LIMITED PERFORMANCE HIGHLIGHTS Foreign Exchange Fluctuation Q4 FY2023 vs. Q3 FY2023 Q4 FY2023 vs. Q4 FY2022 Exchange Rate Q4 FY2023 Q3 FY2023 Q4 FY2022 Impact Impact % Impact Impact % EURO vs. INR 83.63 82.11 86.61 1.52 1.8% (2.98) (3.4)% GBP vs. INR 96.77 95.73 101.81 1.04 1.
Slide 7: Aerospace Segment
DYNAMATIC TECHNOLOGIES LIMITED AEROSPACE SEGMENT Financial Overview Q4 Q3 Full Year y-o-y q-o-q y-o-y Rs. crore Growth (%) Growth (%) Growth (%) FY23 FY22 FY23 FY23 FY22 Revenue 119.4 99.4 20.1% 112.1 6.5% 437.4 360.1 21.4% EBITDA 32.1 26.1 23.2% 29.7 8.2% 116.8 99.0 18.0% Margin (%) 26.9% 26.2% 26.
Slide 8: Hydraulics Segment
DYNAMATIC TECHNOLOGIES LIMITED HYDRAULICS SEGMENT Financial Overview Q4 Q3 Full Year y-o-y q-o-q y-o-y Rs. crore Growth (%) Growth (%) Growth (%) FY23 FY22 FY23 FY23 FY22 Revenue 118.7 114.0 4.1% 111.4 6.5% 461.7 423.7 9.0% EBITDA 21.5 23.2 (7.0)% 21.3 1.4% 87.5 73.2 19.5% Margin (%) 18.1% 20.3% 19.
Slide 9: Metallurgy Segment
DYNAMATIC TECHNOLOGIES LIMITED METALLURGY SEGMENT Financial Overview Q4 Q3 Full Year y-o-y q-o-q y-o-y Rs. crore Growth (%) Growth (%) Growth (%) FY23 FY22 FY23 FY23 FY22 Revenue 129.8 105.3 23.3% 89.6 44.8% 416.6 465.0 (10.4)% EBITDA 11.8 5.0 137.7% (0.2) nm 17.1 20.3 (15.6)% Margin (%) 9.1% 4.7% (
Slide 10: Quarterly Financial Trends
DYNAMATIC TECHNOLOGIES LIMITED QUARTERLY FINANCIAL TRENDS Revenue (Rs. cr) and Growth % (Y-o-Y) Segment Wise Revenue Contribution 14.0% 1.1% 4.3% 4.1% 17.5% (9.3)% (5.0)% (3.1)% (3.2)% 31% 27% 26% 31% 31% 31% 34% 36% 32% 44% 39% 33% 33% 33% 29% 42% 29% 35% 28% 29% 36% 35% 36% 36% 37% 36% 32% 353.3 3
Slide 11: Yearly Financial Trends
DYNAMATIC TECHNOLOGIES LIMITED YEARLY FINANCIAL TRENDS Revenue (Rs. cr) and Growth % (Y-o-Y) Segment Wise Revenue Contribution 58.3% 12.1% 5.0% (18.0)% (9.1)% 31% 34% 29% 33% 41% 37% 32% 45% 35% 40% 1,500.3 1,230.1 1,118.2 1,253.4 1,315.8 24% 24% 27% 34% 35% FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 F
Slide 12: Capital Structure and Interest Coverage
DYNAMATIC TECHNOLOGIES LIMITED QUARTERLY FINANCIAL TRENDS Capital Structure Net Debt/LTM EBITDA & Debt/Equity (x) (Rs. crore) Mar-22 Sept-22 Dec-22 Mar-23 Long Term 378.1 350.0 359.0 361.2 3.2x 3.0x Short Term 165.4 221.0 251.0 257.2 2.5x Total Debt 543.5 571.0 610.0 618.4 Less: Cash & Cash Equivale
Slide 13: 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 14: 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 15: 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 flaps and major airframe structures Aerosystems • Boeing • Ramp structure assembly • HAL • Bell 33% of FY223 Revenue • AFT Pylon asse
Slide 16: Blue Chip Investor Base
DYNAMATIC TECHNOLOGIES LIMITED BLUE CHIP INVESTOR BASE Shareholding Structure Key Investors • Samena Capital Others 31.4% • HDFC Mutual Fund Promoters 41.9% • Alchemy and Group • Girish Gulati – HUF Alternative • Abakkus Group Investment • Madhusudan Kela and Group Fund DIIs 3.9% 6.1% • Rohini Nilek
Slide 17: Consolidated P&L Statement (Y-o-Y)
DYNAMATIC TECHNOLOGIES LIMITED FINANCIAL STATEMENTS Consolidated P&L Statement (Y-o-Y) Profit & Loss Statement (Rs. crore) FY22 FY23 Continuing operations: Revenues Revenue from operations 1,253.4 1,315.8 Expenses Cost of materials and components consumed 614.9 659.6 Change in inventory of finished
Slide 18: Consolidated P&L Statement (Q-o-Q)
DYNAMATIC TECHNOLOGIES LIMITED FINANCIAL STATEMENTS Consolidated P&L Statement (Q-o-Q) Profit & Loss Statement (Rs. crore) Q4 FY22 Q3 FY23 Q4 FY23 Continuing Operations: Revenues Revenue from operations 320.9 313.2 367.9 Expenses Cost of materials and components consumed 158.2 157.1 179.5 Change in
Slide 19: Consolidated Balance Sheet - Assets
DYNAMATIC TECHNOLOGIES LIMITED FINANCIAL STATEMENTS Consolidated Balance Sheet - Assets Balance Sheet (Rs. crore) FY22 FY23 Assets Non-current assets Property, plant and equipment 444.0 443.4 Capital work in progress 14.5 78.5 Goodwill 101.0 104.7 Intangible assets 24.9 24.5 Right of use assets 115.
Slide 20: Consolidated Balance Sheet - Liabilities
DYNAMATIC TECHNOLOGIES LIMITED FINANCIAL STATEMENTS Consolidated Balance Sheet - Liabilities Balance Sheet (Rs. crore) FY22 FY23 Equity and liabilities Equity Equity share capital 6.3 6.8 Other equity 375.1 535.2 Total shareholders fund 381.4 542.0 Non-current liabilities Financial liabilities Borro
Slide 21: Cash Flow Statement
DYNAMATIC TECHNOLOGIES LIMITED FINANCIAL STATEMENTS Cash Flow Statement Cash Flow Statement (Rs. crore) FY22 FY23 Cash flow from operating activities Profit before tax Continuing operations 41.6 55.7 Discontinued operations (16.6) - 25.0 55.7 Adjustments: Interest income (2.6) (2.3) Gain on sale of
Slide 22: Cash Flow Statement
DYNAMATIC TECHNOLOGIES LIMITED FINANCIAL STATEMENTS Cash Flow Statement Cash Flow Statement (Rs. crore) FY22 FY23 Cash flows from investing activities Acquisition of property, plant and equipment, right to use assets and intangibles (58.1) (84.9) Proceeds from sale of property, plant and equipment p
Slide 23: 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 24: Contact Details
DYNAMATIC TECHNOLOGIES LIMITED CONTACT DETAILS Mr. Chalapathi P Chief Financial Officer F: +91 80 2839 5823 E: chalapathi.p@dynamatics.net Mr. Shivaram V Head – Legal, Compliance & Company Secretary F: +91 80 2839 5823 E: shivaram.v@dynamatics.net Dynamatic Technologies Limited JKM Plaza, Dynamatic