Slide 1: Q3 and 9M FY2019 Earnings Presentation
DYNAMATIC TECHNOLOGIES LIMITED Q3 and 9M FY2019 EARNINGS PRESENTATION HYDRAULICS AEROSPACE & DEFENCE AUTOMOTIVE
Slide 2: 9M FY2019 Performance Highlights
9M FY2019 PERFORMANCE HIGHLIGHTS Highlights 9M FY19 vs. 9M FY18 • Net Revenue of Rs. 11,154 mn; up 17.5% from Rs. 9,491 mn in 9M FY18 9M FY2019 Revenue Breakup o Aerospace & Defence segment revenue of 9M FY2019 Rs. 3,457 mn; up 35.4% from Rs. 2,554 mn 9M FY2018 o Hydraulics segment revenue of Rs. 2,
Slide 3: Performance Highlights: Management Commentary
PERFORMANCE HIGHLIGHTS Management Commentary Commenting on the results, Mr. Udayant Malhoutra, CEO and Managing Director said: “Building on the momentum created since the beginning of FY19, Dynamatic continued to deliver steady performance this quarter. Revenue for 9M FY2019 increased by 17.5% over
Slide 4: Financial Performance Summary
FINANCIAL PERFORMANCE SUMMARY Consolidated Performance Highlights Q3 y-o-y Q2 q-o-q 9M y-o-y Rs. Million Growth Growth Growth FY19 FY18 (%) FY19 (%) FY19 FY18 (%) Revenue (Net of Excise 3,666 3,303 11.0% 3,699 (0.9)% 11,154 9,491 17.5% Duty) EBITDA 439 341 28.5% 426 3.1% 1,278 921 38.9% Margin (%) 1
Slide 5: Performance Highlights: Foreign Exchange Fluctuation
PERFORMANCE HIGHLIGHTS Foreign Exchange Fluctuation Exchange Rate Q3 FY2019 Q3 FY2018 Impact Impact % Q2 FY2019 Impact Impact % EURO vs. INR 81.2 74.3 6.9 9.3% 80.6 0.5 0.7% GBP vs. INR 91.7 84.2 7.5 9.0% 91.2 0.5 0.5% USD vs. INR 69.7 64.5 5.2 8.1% 68.5 1.2 1.7% Impact due to change in average exch
Slide 6: Aerospace and Defence Segment
AEROSPACE AND DEFENCE SEGMENT Financial Overview a Q3 y-o-y Q2 q-o-q 9M y-o-y Rs. Million FY19 FY18 Growth (%) FY19 Growth (%) FY19 FY18 Growth (%) Revenue 1,198 951 25.9% 1,143 4.7% 3,457 2,554 35.4% EBITDA 316 231 36.7% 289 9.3% 882 572 54.1% Margin (%) 26.4% 24.3% 25.3% 25.5% 22.4% Performance Ov
Slide 7: Hydraulics Segment
HYDRAULICS SEGMENT Financial Overview . Q3 y-o-y Q2 q-o-q 9M y-o-y Rs. Million FY19 FY18 Growth (%) FY19 Growth (%) FY19 FY18 Growth (%) Revenue 891 811 10.0% 922 (3.3)% 2,697 2,288 17.9% EBITDA 104 84 23.8% 115 (9.5)% 297 249 19.7% Margin (%) 11.7% 10.4% 12.5% 11.0% 10.9% Performance Overview • Hyd
Slide 8: Automotive Segment
AUTOMOTIVE SEGMENT Financial Overview . Q3 y-o-y Q2 q-o-q 9M y-o-y Rs. Million FY19 FY18 Growth (%) FY19 Growth (%) FY19 FY18 Growth (%) Revenue 1,577 1,541 2.3% 1,634 (3.6)% 5,001 4,713 6.1% EBITDA 39 24 62.6% 40 (1.3)% 148 81 82.7% Margin (%) 2..5% 1.6% 2.5% 3.0% 1.7% Performance Overview • With a
Slide 9: Quarterly Financial Trends
QUARTERLY FINANCIAL TRENDS Revenue (Rs. mn) and Growth (Q-o-Q) Segment Wise Revenue Contribution 3,720 3,790 3,699 3,666 3,303 24% 28% 29% 27% 29% 31% 3,229 33% 2,958 22% 23% 12.6% 24% 25% 23% 25% 24% 9.2% 2.3% 1.9% (17.8)% (2.4)% (0.9)% 54% 50% 48% 47% 47% 44% 43% Q1 FY18Q2 FY18Q3 FY18Q4 FY18Q1 FY1
Slide 10: Quarterly Financial Trends: Capital Structure
QUARTERLY FINANCIAL TRENDS Capital Structure Interest Expense (Rs. mn) & Interest Jun 30, Sep 30, Dec 31, Coverage (x) (Rs. million) 2018 2018 2018 1.9x Long Term 1.5x 1.5x 1.6x 4,772 4,667 4,521 Borrowings 1.2x 1.2x Short Term 2,256 2,393 2,281 Borrowings 198 197 201 Total Debt 7,028 7,061 6,802 18
Slide 11: Dynamatic Overview
DYNAMATIC OVERVIEW Diversified • A combination of stable and high growth businesses with highly engineered products for business the automotive, hydraulic, aerospace and defense industries • Successful track record of enhancing manufacturing capabilities through R&D and selective acquisitions Compet
Slide 12: Dynamatic Overview
DYNAMATIC OVERVIEW Vertically • Advanced iron foundry in India and Germany. Also has aluminium foundry in India for Integrated captive use Facilities • Owns one of the most advanced ferrous foundries in Europe (Germany) capable of manufacturing highly intricate castings • In-house division for desig
Slide 13: Dynamatic Overview: Combination of Stable and High Growth Businesses
DYNAMATIC OVERVIEW Combination of Stable and High Growth Businesses AUTOMOTIVE • Ferrous and non-ferrous automotive components • Audi • Hyundai including engine, transmission, • BMW • Nissan turbocharger and chassis parts • Daimler • Tata Motors 45% of 9M FY19 • Metallurgical ferrous and • Ford • Vo
Slide 14: Blue Chip Investor Base
BLUE CHIP INVESTOR BASE Shareholding Structure Key Institutional Investors • Samena Capital Others Promoters • HDFC Mutual Fund 25.6% 50.2% • Alchemy and Group • Taiyo Greater India Fund DIIs • Girish Gulati - HUF 10.8% • Mukul Agarwal and Group • SBI Mutual Fund FIIs • Premier Investment Fund 13.4%
Slide 15: Financial Statements: Income Statement
FINANCIAL STATEMENTS Income Statement (Y-O-Y and Q-o-Q Comparison) Profit & Loss Statement (Rs. million) Q3FY19 Q2FY19 Q3FY18 Revenues Net Sales / Income from Operations (Net of Excise Duty) 3666 3,699 3,303 Other Operating Income - - - Total Revenues 3,666 3,699 3,303 Expenses Cost of Raw Materials
Slide 16: Financial Statements: Balance Sheet Assets
FINANCIAL STATEMENTS Balance Sheet Assets Balance Sheet (Rs. million) Sep-18 Mar-18 Assets Non-current assets Property, plant and equipment 5,516 6,702 Capital work in progress 47 82 Goodwill 987 951 Intangible assets 266 274 Financial assets Investments 6 6 Loans 160 129 Other financial assets 2 2
Slide 17: Financial Statements: Balance Sheet Liabilities
FINANCIAL STATEMENTS Balance Sheet Liabilities Balance Sheet (Rs. million) Sep-18 Mar-18 EQUITY and LIABILITIES Shareholders Fund Share capital 63 63 Reserves and surplus 3,288 3,075 Money Received against Share Warrants - - Non-controlling interest (Preference capital) - - Total Shareholders Fund 3
Slide 18: Important Notice
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” or the “Company”) future busin
Slide 19: Contact Details
CONTACT DETAILS Mr. Chalapathi P Chief Financial Officer Dynamatic Technologies Limited Dynamatic Park Peenya Industrial Area Bangalore 560 058 India T: +91 80 2839 4933 / 34 / 35 F: +91 80 2839 5823 E: chalapathi.p@dynamatics.net www.dynamatics.net CIN: L72200KA1973PLC002308