Astra Microwave Products Ltd. · NSE:ASTRAMICRO
Astra Microwave Products — Investor Presentation (November 2023)
44 slides from Astra Microwave Products's investor presentation, Nov 14, 2023
Slide 1: Investor Presentation intimation letter to exchanges
4i:: ASTRA MICROWAVE PRODUCTS LIMITED P Regd. Office: ASTRA Towers, Survey No. 12(P), Kothaguda Post Kondapur, HITEC City, Hyderabad, Telangana, INDIA - 500084 Tel : +91 40 46618000, 46618001. Fax : +91 40 46618048 Email : mktg@astramwp.com , website : www.astramwp.com C1 N: L29309TG 1991 PLCO1 3203
Slide 2: On A Winning Wavelength - Investor Presentation November 2023
On A Winning Wavelength Investor Presentation – November 2023
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: Performance Highlights
Performance Highlights Margins Revenue (Rs. Cr) EBITDA (Rs. Cr) PAT (Rs. Cr) 23.7% 22.0% 19.7% 14.4% 13.2% 13.2% 10.2% 6.4% Standalone 332 322 65 34 46 25 189 41 42 23 171 21 Q2FY23 Q2FY24 H1FY23 H1FY24 Q2FY23 Q2FY24 H1FY23 H1FY24 Q2FY23 Q2FY24 H1FY23 H1FY24 Revenue (Rs. Cr) EBITDA (Rs. Cr) PAT (Rs.
Slide 5: Robust Order Book
Robust Order Book Total orders received during the quarter Segment Wise Order book Sno Segment Name Amount (Rs. Cr) Diversified Orderbook 17% 1 Defence 350.98 3% 2 Exports 26.68 11% Rs. 1,867 Cr Defence/Public 3 Space 19.40 Space 4 Meteorological 8.01 69% Meteorological Exports TOTAL 405.08 (Rs. in
Slide 6: Segmental Revenue Break-up
Segmental Revenue Break-up Revenue Break-up in % Q2FY24 Q1FY24 Q4FY23 Q3FY23 Q2FY23 Defence 48.2% 37.0% 39.8% 65.3% 66.5% Space 2.7% 2.0% 2.1% 0.3% 0.8% Exports including Deemed Exports 47.5% 59.8% 54.6% 31.5% 27.9% Meteorological 1.0% 0.8% 3.0% 2.4% 4.3% Others 0.6% 0.4% 0.5% 0.5% 0.5% 0.6% 0.6% De
Slide 7: Standalone Profit & Loss
Standalone Profit & Loss PARTICULARS (Rs. In Cr) Q2FY24 Q2FY23 YOY Q1FY24 QoQ H1FY24 H1FY23 YOY Revenue from Operations 189.0 170.9 10.6% 132.9 42.2% 321.9 332.1 -3.1% Raw Material Consumption 111.0 101.8 96.3 207.3 206.4 Gross Profit 78.0 69.1 12.9% 36.6 113.3% 114.6 125.7 -8.8% Gross Profit Margin
Slide 8: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs. In Cr) Sep-23 Mar-23 EQUITY AND LIABILITIES (Rs. In Cr) Sep-23 Mar-23 Non-Current Assets 240 228 Equity and Liabilities 877 653 Property, plant and equipment 164 165 Equity share capital 19 17 Capital WIP 7 2 Equity attributable to owners of the Company 858 636 I
Slide 9: Standalone Cashflow Statement
Standalone Cashflow Statement Cash Flow Statement (Rs. in Cr) Sep-23 Sep-22 Profit Before Taxes 28 45 Changes in working capital -29 -101 Cash generated from operations -1 -56 Direct taxes paid (net of refund) -17 -8 Net Cash from Operating Activities -18 -64 Net Cash from Investing Activities -13 -
Slide 10: Company Overview
Company Overview
Slide 11: Astra Microwave: An Overview
Astra Microwave: An Overview Astra is engaged in the business of designing, developing and manufacturing microwave and radio frequency systems, sub-systems and components • Astra Microwave incorporated in 1991 is one of the few private sector companies in India that: Key projects participated over t
Slide 12: Strong Sectoral Tailwinds
Strong Sectoral Tailwinds Healthy Order Book Order Book worth Defence spend in India has received a 01 mega boost Rs. 1,867 Cr (Sept-23) Sound visibility of revenues: Order book as on Sept-23 is 2x of revenue of FY23 Government of India's Atma Nirbhar 02 Bharat initiatives AMPL has a proven track re
Slide 13: Board of Directors
Board of Directors Managing Director Joint Managing Director Mr. S. Gurunatha Reddy Dr. Maram Venkateshwar Reddy • Graduate in Science and Mathematics and Fellow Chartered Accountant. • Graduate in Engineering (Electronics) and a Postgraduate in Business Administration. • Worked in private sector in
Slide 14: Key Team Members
Key Team Members T.N. Ramesh Chandrakanth LGM Prakasam M Pravin GM – Production Sr. GM – Marketing VP - Radar Systems Sr. GM - Design & Sales (EW) GR Shinde Balachary V Sudhakar Dr. P Srinivasulu Sr. GM – Design GM-Antenna Design Sr. GM – Design GM- Design SDM Rao VVenkatesh CV Rao S Praveen Kumar G
Slide 15: Journey so far
Journey so far Entered Radar Paulsed Phased Offset Production Systems 7.3 M Telemetry Array Tracking Radar 2010 2015 System (PPTR) Commissioned 07 08 Upcoming 2022 Delivery Space Electronic Sub- Radar & Strategic systems 17 Delivered Phased 15 16 Telecom Electronics 2003 Array Telemetry 1991 Subsyst
Slide 16: Strong research and development capabilities
Strong research and development capabilities Dedicated research and development facility in Bengaluru with modern equipment and Total workf orce (as of S e p t e m b e r in Hyderabad at Unit-III 30th, 2 0 2 3 ) – 1,376 526 R&D professionals, out of which over 96 Capable of designing and developing h
Slide 17: State of the Art Infrastructure
State of the Art Infrastructure Astra has advanced in-ho us e facilities for lower turnaround t i m e f o r p ro d uc t realization a p p rec iat ed b y d o me st ic a nd foreign customers. Hyderabad, Telangana Karnataka Unit I Unit II Unit Ill Uni t IV Uni t V Bengaluru Unit Land : 1.13 Acres Land
Slide 18: Assembly Infrastructure
Assembly Infrastructure Fully automated Assembly facility consisting of 3 Automatic SMT assembly lines with high end testing capabilities that 01 include AOI, 3D X Ray, and functional test using Flying probe tester. 450,000 sq.ft. of research, design, development and 02 manufacturing across 6 units
Slide 19: Functional Testing
Functional Testing 01 Near Field Test Range (NFTR) 02 Digital Signaling 03 Function and pulse generators FFTR ATE ATS - Facility 04 Open air antenna test range Spectrum Analyzers, Vector Network Analyzer, 05 Signal generator, RF power meter 06 Distortion Analyzer 07 ATE-ATS facility Op en Air Antenn
Slide 20: Functional Testing
Functional Testing EMI/EMC Test Facility as per MIL STD 461C/D/E/F 01 (NABL) 02 HASS/HALT Chambers Environment Chambers (-65degC to +175degC; 03 98% RH) EMI-EMC Test Environmental Chamber Vibration/ Shock Testing tables, Bump Test 04 M/c’s 05 Weiss Chamber 06 Power Quality Tests as per MIL STD 704 D
Slide 21: Product Range
Product Range Astra has designed, d e v e l o p e d a n d p r o d u c e d c r i t i c a l s u b system s a n d system s for its c u s t o m e r s for building various airborne, naval a n d ground b a s e d p l a t f o r m s Radar, Missile E lectr onics, E l ectr oni c Warfare, Satellites, MMIC and C
Slide 22: Radar Electronics: Up to Ka band
Radar Electronics: Up to Ka band Homeland security • Counter UAV Radar – Drishti • Perimeter Intrusion Detection Radar • C-UAS System Design and development of all kind of radar sub- systems including power amplifiers, receivers, exciters, filters, synthesizers, converters, etc. In-house development
Slide 23: Electronic Warfare: Up to Ka band
Electronic Warfare: Up to Ka band Electronic Warfare Supplying various kind of EW sub systems and components to DPSUs and to the programs of Indian Airforce, Indian Navy and Indian Army. Also associated with Strategic Electronics Jammer's program of LCA and other fighter platforms in India. Radar El
Slide 24: Telemetry
Telemetry Supplying various sub- systems for Telemetry applications such as S- Band FM Transmitter Airborne RF Trans receiver, Ground Up Down Converters, C & S band switch antenna systems, Telemetry Tracking Systems etc. Supplying telemetry sub- systems to LCA and Intermediate Jet Trainer (IJT) airc
Slide 25: Space
Space Ground Application Designs, develops and manufactures components and sub-systems used in ground-based modules and S- level (on-board) modules. Astra have been among the key players for the development of sub-systems for India’s Radar Satellite & Geosynchronous Satellite program, Resourcesat, M
Slide 26: Build To Specifications
BTP vs BTS 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 projects awarded by companies. Build To Specifications o Rece
Slide 27: Strategy for Growth
Strategy for Growth New product development To accelerate growth • Develop products in close association with government research organizations for defence and space. • Gol has introduced policy measures promoting Indigenous shipbuilding. • Grow business by producing new and innovative products. • E
Slide 28: Growing defence products opportunity
Growing defence products opportunity India's extensive modernisation plans, an increased focus o n homeland s e c u ri ty to increase government allocation for defence expenditure along w i t h Make in India focus are e x p e c t e d to drive healthy g row th in the sector Growing Defence Budget (in
Slide 29: Total Addressable Market
Total Addressable Market Major o p p o r tu n iti es for AMPL of ar o u nd Rs 2 4 , 0 0 0 - 2 5 , 0 0 0 C r s across all sectors ti l l FY28. Radar Electronics I E l e c t r o n i c W arfare I Mi ssi l es I Te l e m e t r y I Space I Meteorology | Hydrology | Telecom 28
Slide 30: Opportunities
Opportunities Various government initiatives are encouraging the industry to develop the system either through in-house development or through foreign technology tie-up. Wide Array of Astra in alliance with System Knowledge of its partners aims to deliver the product that meets Government thrust o n
Slide 31: Subsidiaries & JV
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 manpower & stabilized processes ensure that the needs of various Industry Segments can be met
Slide 32: Esteemed Clientele
Esteemed Clientele Major stake in upcoming Defence Programs Light AAAU for AATRU Combat Uttam FOR ASPJ Aircraft AESA Radar AAAU for AEW&CS AAAU for LRMFR Medium Power Radar DTRMs L o n g Range Radar TRMs, BSNs, PS Radar Electronics I E l e c t r o n i c W arfare I Mi ssi l es I Te l e m e t r y I Sp
Slide 33: Major Opportunities: Radar Programs
Major Opportunities: Radar Programs Bharat Electronics Indian Air Force Bharat Electronics HAL HAL Program: Product: Program: HPR Product: Program: Product : Program: Ut t a m Product : Program: Ut t a m Product : Arudhra (MPR) Sub-Systems M o u n t a in Radar AESA Radar (LCA AESA Radar (LCA Op p o
Slide 34: Major Opportunities: Radar Programs
Major Opportunities: Radar Programs DRDO Bharat Electronics ISRO Bharat Electronics DRDO Program: Space Program: UHF Program: Product: Program: Product: Product: Program: FCR Product: Product: QRSAM Debris Radars Op p o r t u n i t y: Rs Radar (2 Systems AEW&C-11 Op p o r t u n i t y: Rs 1,317 Cr Op
Slide 35: Major Opportunities: Missiles
Major Opportunities: Missiles DRDL / BDL BDL BDL ANSP DRDL Program: ASTRA Product: Program: Program: QR Program: NGARM Product: Product: Program: SLCM Product: Opportunity: Rs Product: Op p o r tu n it y: Rs AKASH SAM Opportunity: Rs Opportunity: Rs 186 Cr 400Cr Opportunity: Rs 132 Cr 435Cr 64Cr Tim
Slide 36: Major Opportunities: Space
Major Opportunities HAL Bharat Electronics Bharat Electronics Program: ASPJ Pod Program: EW Products Program: DR118-DST, MASS, Product: f or LCA Mk 1A Op p o r tu n it y : Rs 230 Cr BIT for S u - 3 0 M k I EW Op p o r t u n i t y: Rs 50 Timeline: FY25-27 Op p o r t u n i t y: Rs 250 Cr Cr Timeline:
Slide 37: Major Opportunities: Systems and Special Projects
Major Opportunities Systems Indian Ar m e d Forces Indian Air Force Indian Army Indian Air For ce Program: C-UAS Product: Program: W ind Product: Program: Low Product: Program: Bird Product: Op p o r tu n it y: Rs Profiler Radar & level light detection & 2 , 0 0 0 Cr DWR W eight Radar m o n i t or i
Slide 38: Quality certifications
Quality certifications Industry Leading Certifications Radar Electronics I E l e c t r o n i c W arfare I Mi ssi l es I Te l e m e t r y I Space I Meteorology | Hydrology | Telecom 37
Slide 39: Awards & Accolades
Awards & Accolades LAToT Ceremony for Excellence in Innovation, Counter-Drone System LAToT Coastal Surveillance Radar Design Technology, R&D 2021 Handing over Ceremony Aw ard for Excellence in Aerospace ELCINA EFY Aw ard for lndigenisation-2021 Business Excellence Radar Electronics I E l e c t r o n
Slide 40: CSR
CSR Our Contribution towards the Society Eradicating hunger, poverty Promoting education and malnutrition Ensuring environmental Promoting gender equality sustainability Protection of national Benefit of armed forces heritage veterans Training to promote rural Contribution to the PM's sports Nationa
Slide 41: Historical Financials
Historical Financials 40
Slide 42: Standalone Profit & Loss
Standalone Profit & Loss PARTICULARS (Rs. In Cr) FY23 FY22 FY21 FY20 FY19 Revenue from Operations 807.3 735.0 589.2 461.6 286.2 Total Raw Material 518.7 524 418 267 159 Gross Profit 288.6 211.2 170.7 194.7 126.9 Gross Profit Margin 35.7% 28.7% 29.0% 42.2% 44.3% Employee Expenses 86.8 73 64 66 61 Oth
Slide 43: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs. In Cr) Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 EQUITY AND LIABILITIES (Rs. In Cr) Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 Non-Current Assets 228 215 202 213 222 653 Equity and Liabilities 590 561 547 503 Property, plant and equipment 165 158 150 158 176 Equity share capita
Slide 44: Thank You
Thank You For more information please contact: Company: Astra Microwave Products Limited CIN No: L293091G1991PLC013203 Mr. T. Anjaneyulu, GM – Company Secretary Email id: secretarial@astramwp.com Investor Relations Advisors: Strategic Growth Advisors Pvt Ltd. CIN No: U74140MH2010PTC204285 Shikha Pur
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