Moschip Technologies Ltd · NSE:MOSCHIP
Moschip Technologies — Shareholder Meeting (September 2023)
20 slides from Moschip Technologies's shareholder meeting presentation, Sep 15, 2023
Slide 1: Submission letter to BSE of AGM presentation
Date: 15th September, 2023 To The General Manager Department of Corporate Services BSE Ltd, P. J. Towers, Dalal Street, Mumbai – 400 001 Dear Sir, Sub: Submission of copy of CEO/CEO presentation presented in 24th Annual General Meeting of the Company. Ref: Scrip code: 532407 ***** Pursuant to Regula
Slide 2: 24th Annual General Meeting FY 2022-23
PROPRIETARY & CONFIDENTIAL CONNECTING THE WORLD Product Development Partner for Silicon-Systems 24th Annual General Meeting FY 2022-23 www.moschip.com Proprietary & Confidential 1
Slide 3: Agenda
Agenda ▪ Semiconductor industry update ▪ Business focus ▪ Performance/ Opportunities ▪ Highlights/ Challenges ▪ Financial Performance www.moschip.com Proprietary & Confidential 2
Slide 4: Industry Update
Industry Update ▪ World-wide drop in Semiconductor revenues in 2023 ▪ Recovering in the last 4 months ▪ Automotive/ 5G/ AI continue to lead the growth ▪ Chip-ACT in USA, new foundries in Europe and Japan and Semiconductor Mission in India opening new opportunities as well as challenges ▪ India’s pus
Slide 5: Growth Opportunities
Growth Opportunities 70% of growth is predicted to be driven by just THREE industries 1. Automotive 2. Data Storage 3. Wireless Industries Megatrends • Remote Working • AI/ML • Electric Vehicles Global semiconductor market value by vertical, indicative, $ billion Source: McKinsy & Company www.moschi
Slide 6: Global Governments Ramp Up Chip Investments
Global Governments Ramp Up Chip Investments Role of the World & India Govt. of India initiatives • Government approved a $10 billion incentive plan to establish chip and display industries to become an electronics manufacturing hub • DLI scheme to develop products for Indian/ World-wide markets Govt
Slide 7: Business Units/Focus Areas
Business Units/Focus Areas Semiconductors Embedded System Design & IoT Engineering Semiconductor Product / Semiconductor IP Turn-key ASIC Embedded Software IoT Products Design Services System Design MISS – Training and Innovation center to support R&D & growth plans www.moschip.com Proprietary & Con
Slide 8: Semiconductor BU
Semiconductor BU ▪ General slow down in the industry ▪ Stable engagements ▪ 10 out of top 20 semiconductor companies are Moschip’s Design Services customers and the relationships are growing stronger ▪ Steady ODC engagements with Tier one customers ▪ Expected ramp ups in Q3, Q4 ▪ Head Count grew to
Slide 9: Embedded BU
Embedded BU ▪ Overall growth of 59%. ▪ Revenue target for Q1, FY24 met ▪ Additional man-power and new customers thru Softnautics acquisition Embedded BU Design Services ▪ Head Count grew to 325, including the Team and Engg Leadership addition at BLR ▪ Awarded as ‘Most Valuable Supplier for Software’
Slide 10: Highlights
Highlights ▪ TSMC DCA Membership ▪ Moschip short-listed for Government of India’s HPC project ▪ Acquisition of Softnautics ▪ Additional ~ 200 resources ▪ Naveed Sherwani as board member ▪ Additional leadership to strength our growth( Rajesh / Vishal ) ▪ Pune & Ahmedabad added as New Locations ▪ New
Slide 11: Employee Head Count
Employee Head Count 1400 1301 1200 1133 1000 893 792 782 800 586 574 553 600 440 411 325 400 290 186 200 99 116 0 FY20 FY21 FY22 FY23 Q1FY24 Semicon Embedded Total • Head count as below: Hyderabad – 75%, Bangalore – 10%, Ahmedabad – 10%, Pune – 4% and USA 1% • ~32% of head count are women employees
Slide 12: Moschip Strategy – 2023 and beyond
Moschip Strategy – 2023 and beyond Moschip was the first fabless semiconductor product company out of India Snapshot Opportunity ▪Turn-around has been accomplished with a steady ▪Emerging opportunities from Regional push for performance for last six quarters self-reliance (Make-in-India) ▪Majority o
Slide 13: Summary / Highlights
Summary / Highlights ▪ Strong and steady growth across the areas Moschip is focused on ▪ Better infrastructure - Consolidation of office space into world-class building/ Opening new world- class training center to meet business requirements ▪ Strengthening the leadership/Board ▪ DV Ramana Murthy- Vi
Slide 14: Financial Performance
Financial Performance -By Jayaram (CFO) www.moschip.com Proprietary & Confidential 13
Slide 15: Consolidated Financial Results – FY 23
Consolidated Financial Results – FY 23 QE Year ended FY23 vs FY22 INR in Lakhs Q1 FY24 31 March 23 31 March 22 Variance % Revenue from Operations Semiconductor 4,533 17,079 13,036 4,043 31% Embedded 1,168 2,756 1,728 1,028 59% Other income 166 497 513 (17) (3%) Total Income 5,867 20,332 15,278 5,055
Slide 16: QoQ - Revenue graph
QoQ - Revenue graph Amounts in lakhs 6,000 5,701 5,370 5,383 4,915 5,000 4,167 4,676 4,645 4,000 3,802 3,829 3,741 4,533 3,392 4,186 3,572 3,000 3,412 3,346 3,247 3,031 2,000 1,168 1,000 595 729 694 739 361 389 483 494 - Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Semicon Embedded
Slide 17: Total Income (in lakhs)
Total Income (in lakhs) 33% The rapid growth is achieved by combination 20,332 of the below attributes : 43% 15,278 • Customer-Centric Focus 32% 6%, • Strong Leadership 10,110 10,692 • Innovative offerings • New / existing Market Expansion • Scalable Business Models • Robust Talent Acquisition proce
Slide 18: EBITDA / PAT (in lakhs)
EBITDA / PAT (in lakhs) EBITDA PAT 15% 4%, 3%, 18% 3,128 645 617 2,771 8% 866 -9%, (915) -13% -46%, (4,601) (1,332) FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 Percentage represents EBITDA to Total Income Percentage represents PAT to Total Income www.moschip.com Proprietary & Confidential 17
Slide 19: Debt Equity Ratio
Debt Equity Ratio 1.4 1.2 1.2 1.0 1.0 0.9 0.8 0.6 0.4 0.3 0.2 - FY20 FY21 FY22 FY23 • Overall Debt reduced by Rs. 20 Cr from Rs. 58.83 Cr to Rs. 39.26 Cr in FY23. • Effective rate of interest reduced from 13.5% to 11.4% in FY23. www.moschip.com Proprietary & Confidential 18
Slide 20: Thank You
THANK YOU. www.moschip.com Proprietary & Confidential 19
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