Slide 1: Data Patterns (India) Limited Investor Presentation Q4FY24
Data Patterns ( India ) Limited Investor Presentation Q4FY24 - May 2024
Slide 2: Content
1 Company Overview 2 FY24 Highlights 3 Quarter Highlights Content 4 Journey & Background 5 Outlook 6 Financials 2
Slide 3: Data Patterns: 3 Decades of Expertise
Data Patterns: 3 Decades of Expertise Incorporated in 1998 926 Engineers 32% Revenue and 34% EBITDA CAGR (FY21-24) 68% Gross and 43% 15% ROE and 16% Rs 10,831 mn Order EBITDA Margins ROCE Book at 31st March (FY24) (FY24) 1000+ Reusable Building Blocks • Fully integrated defense and aerospace electro
Slide 4: Strong Outlook & Positioning Across the Portfolio
Strong Outlook & Positioning Across the Portfolio Radars Electronic Warfares Communication Systems Satellites Existing • 9 Precision Approach Radars • Delivered COMINT and ELINT systems • Developed systems for land, air and • Designed and built micro satellites successfully completed and delivered a
Slide 5: Strategic Priorities
Strategic Priorities Moving up the Value Chain through Leverage Existing Competencies Expanding Geographies: Investments in products building Full Systems: Using and enables scalability: Creating Compete in areas where Foreign and Technology: Capex reusable building blocks Additional Product Categor
Slide 6: FY24 Overview
Revenue Split (%) RADAR-40% x FY24 Overview 17% 35% 21% 27% 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Avionic-18% 6
Slide 7: Data Patterns - Outlook for next Two Years
Data Patterns- Outlook for next Two Years +25% 01 02 03 Revenue Growth over next two- Working in collaboration with Working towards building Strong Order Book in Pipeline three years. foreign OEMs to explore Full Systems at Rs 20-30bn over next two export potential years We achieved 15% growth in FY
Slide 8: Way Forward
Way Forward “I am pleased to report that we had a successful FY 2023-24. Our EBITDA increased by 29% and PAT increased by 47% in FY 2023- 24, marking significant growth compared to last year. Order inflows have aligned with our guidance, with deliveries scheduled for next quarter. Going forward, we
Slide 9: Key Differentiators for Data Patterns
Evolving as a product company with a strong lineage •Leveraging existing competencies across target product categories Leveraging Existing with significant lead and vendor credentials Competencies •Building Blocks in place for reuse across products and to crunch timelines and costs Key ADS-B receive
Slide 10: Progressing well towards Achieving FY26 Goals
• Developed 1,000+ building blocks that can be used on multiple end systems Focused on in-house development with end-to- • Development of complete systems / sub-systems xx across platforms - space, air, land end design capabilities and sea • Developed a Fire Control System for Brahmos, Glass Cockpit
Slide 11: Key Take Aways
Reusable building blocks End-to-end capabilities 01 Building blocks 02 Setup the complete have laid the system from building foundation for blocks, designed in- Mech. Engg. Processers products design house with IP Key Take Aways Capabilities across spectrum 03 Spreading out the 04 COTS Components of
Slide 12: Q4FY24 Financial Performance
Q4FY24 Financial Performance
Slide 13: Q4FY24 Result Highlights
Q4FY24 Result Highlights Rs. 1,823 Mn Rs. 930 Mn Revenue EBITDA (EBITDA grew 27% YOY) Strong Balance Sheet; Net Enhanced infrastructure, Make in India QIP funds utilized for Product Debt Free Company policies, QIP investment in complete Development in Radar, EW, and products Communication system R&D
Slide 14: Diversified Revenue Profile
Revenue Growth across all Categories Production Development Service Rs 1,851 mn Rs 1,823 mn Rs 5,198mn 2% 2% 4% Rs 4,535 mn 5% Rs 1,395 mn 42% 5% 46% 42% Diversified Rs 1,083 mn 26% 29% Revenue Profile Rs 897 mn 4% 7% 59% 39% 56% 69% 66% 54% 52% 54% 37% Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 FY23 FY24 1
Slide 15: Q4FY24 Revenue Breakup
Products Customers 2% 1% 3% 8% 16% 26% Q4FY24 Revenue 16% 48% Breakup 28% 3% 28% 9% 4% 8% EW Radar ATE Communication DRDO BrahMos Exports BEL HAL Others Avionics FCS AMC Naval Systems Services and Others 15
Slide 16: Q4FY24: Financial Performance
Particulars (Rs mn) Q4FY24 Q4FY23 YoY(%) Q3FY24 QoQ(%) FY24 FY23 YoY (%) Net Revenue 1,823 1,851 -1.5 1,395 30.7 5,198 4,535 14.6 Cost of materials consumed 507 739 -31.3 415 22.2 1,808 1,941 -6.9 Changes in Inventories,WIP & SIP 5 43 36 -157 -232 Total Raw Material Cost 512 781 -34.5 451 13.5 1,651
Slide 17: Strong Order Book Across Verticals
Orderbook Build-up Rs 10,831 mn 4% Rs 9,241 mn 5% 51% Strong Order Book Rs 4,979 mn 64% Across Verticals 14% Rs 4,761 mn 13% 6% 25% 45% 80% 62% 31% FY 21 FY 22 FY 23 FY 24 Production Development Services Developmental contracts/order book translates to strong production revenues 17
Slide 18: Order Book Build Up in FY24
Diversified Order Book 2% 2% 1% 3% 3% Order Book Build 21% Up in FY24 64% 4% Radar EW Avionics AMC ATE FCS Naval System Satellite Services Tank 18
Slide 19: Order Inflow Continues to be Strong
Order Inflows – Q4FY24 and FY24 Rs 3,025 mn Rs 9,014 mn 6% 1% 8% Rs 2,212 mn Rs. 6,788 mn 1% 3% Service 66% 26% Development 77% 86% Production Order Inflow 33% 71% Continues to be 22% Q4FY23 Q4FY24 FY23 FY24 Strong Major order received in Q4FY24 Major order received in FY24 Product Customer Order Ty
Slide 20: Robust Performance in Q4
Revenue (INR Mn) Gross Profits (INR Mn) and Margins (%) 23% 1,851 1,823 1,311 1,395 1,070 944 Robust Q4FY23 Q3FY24 Q4FY24 Q4FY23 58% Q3FY24 68% Q4FY24 72% Performance in Q4 EBITDA (INR Mn) and Margins (%) Net Profit (INR Mn) and Margins (%) 27% 28% 930 711 734 554 510 600 Q4FY23 Q3FY24 Q4FY24 Q4FY23
Slide 21: Corporate Overview
Corporate Overview 21
Slide 22: Over Last Three Decades
Over Last Three Decades • Successful IPO Launch • Initiated expansion of manufacturing facility with doubling of available floor area • Started building of capacity to handle large and heavy equipment and integration of large radars and mobile EW systems, satellite integration facility • Designed wi
Slide 23: Operating in High Growth Categories
Commercial off the Radars Electronic Warfares Shelfs • Surveillance and COTS modules designed in • Surveillance Radars intelligence gathering context of reusable building • Weather Radars (“SIGINT”) blocks for building Military • Coastal Surveillance • Further divided into Electronics systems with a
Slide 24: Diverse Market Catered
Developmental Contracts DRDO Defence PSU Projects leads to Production / Repeat requirements Programs leads to Annuity requirements Exports / Offsets MoD Tenders Available Products / Systems Available Products / Systems Radars, Electronic Warfare, Fire Partnership with OEM Requirements is for large c
Slide 25: Scalable Business Model
Execution and Initiation Planning Monitoring Closure Control • Contract Review • Scope Review • Time-Line Review • Customer Acceptance • Requirements & Design • Cost Review Review • Requirements Review Review (Internal & • Quality Review • Installation Review • Timeline Review Customer) • Implementa
Slide 26: Consistent Track Record of Profitable Growth
Rs mn 30%+~ % growth CAGR FY21-FY24 ~ 32% Revenue CAGR from FY21-FY24 Order Book (Rs mn) Revenue from operations (Rs mn) 10,831 5,198 9,241 4,534 3,108 4,979 4,761 2,240 Consistent Track Record of FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 Profitable High Profitability ~ 34% EBITDA CAGR from FY21-FY24
Slide 27: Growing Profitability
Improving PAT Lower debt levels/ leverage Improving ROEROEROCE and ROCE Rs mn Debt-Equity ratio 38% 1,817 0.16 33% 31% 1,240 Growing 24% 22% 939 16% Profitability 0.01 17% 556 15% … - FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 * 27
Slide 28: Well Managed Working Capital
Debtor Days Creditor CreditorDays Days Debtor Day 308 45 280 254 233 36 35 20 Well Managed FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 Working Capital Inventory Days Cash Conversion Cycle Cash Conversion Cycle (Days) 187 427 432 155 141 355 329 120 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 28
Slide 29: Excellent Cultural Fit & Alignment
A mission- driven workforce with a culture of innovation State-of-the-art & well-resourced facilities • 10.28 Acres of land in Chennai, SIPCOT ~200,000 sq.ft- • Large Systems • Additional Integration Hangar Aggregate of built-up area of manufacturing facilities • Augmented EMS Line Environmental • 2
Slide 30: Sustainability Goals through CSR Activities
Key activities done in FY24 with many more others… New Building with area of Repaired existing Day Care centre for government run school Dementia Patients 5600 sq ft for school for special kids building Sustainability Goals through Plans for FY25 CSR Activities To create a sustainable and Holistic C
Slide 31: Highly Reputed & Experienced Management
Mr. Srinivasagopalan Rangarajan Ms. Rekha Murthy Rangarajan Promoter, Chairman & Managing Director Promoter, Whole Time Director Highly Reputed & Experienced Mr. Vijay Ananth K Whole Time Director, COO & Chief Information Mr. Desinguraja Parthasarathy Chief Technology Officer Management Security Off
Slide 32: Annexure
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Slide 33: Historical Statement of Profit and Loss
Historical Statement of Profit and Loss Particulars (Rs. Mn) FY21 FY22 FY 23 FY24 Revenue from Contract with Customers 2,240 3,109 4,535 5,198 Other Income 26 40 92 460 Total Revenue 2,266 3,148 4,627 5,658 Expenses: a) Cost of materials consumed 630 916 1,941 1,808 b) Changes in inventories of FG,
Slide 34: Historical Balance Sheet
Historical Balance Sheet Particulars (Rs. Mn) Mar-21 Mar-22 Mar-23 Mar-24 Particulars (Rs. Mn) Mar-21 Mar-22 Mar-23 Mar-24 ASSETS EQUITY AND LIABILITIES Non-current assets Equity (a) Share capital 17 104 112 112 (a) Property, Plant and Equipment 292 442 913 1,205 (b) Other Equity 2,062 5,641 11,559
Slide 35: Historical Cash Flow Statement
Historical Cash Flow Statement Particulars (Rs. Mn) FY21 FY22 FY23 FY24 Net Profit before tax 745 1,274 1,648 2,422 Adjustments for : Add : Depreciation 56 66 85 161 Add : Interest And Finance Charges 145 110 77 93 Add : Liquidated Damages (LD) Written Off - 13 45 9 Add : Unrealized Forex Gain/Loss
Slide 36: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Data Patterns (India) Limited (the “Company”) solely for the information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and s
Slide 37: Questions?
Questions? Monali Jain Sheetal Khanduja monali@GoIndiaadvisors.com sheetal@GoIndiaadvisors.com M:+91 7597304020 M:+91 9769364166