Astra Microwave Products Ltd. · NSE:ASTRAMICRO
Astra Microwave Products — Investor Presentation (January 2023)
39 slides from Astra Microwave Products's investor presentation, Jan 13, 2023
Slide 1: Intimation to stock exchanges - Investor Presentation
ASTRA MICROWAVE PRODUCTS LIMITED Regd. Office : ASTRA Towers, Survey No. 12(P), Kothaguda Post, Kondapur, Hitechcity, Hyderabad, Telangana. INDIA - 500084 Tel : + 91 40 46618000, 46618001, Fax +91 40 46618048 January 13, 2023 Email : mktg@astramwp.com , website : www.astramwp.com CIN: L29309TG1991PL
Slide 2: Astra Microwave Products Ltd
ASTRA Microwave ASTRAMICRO.BO ASTRAMICRO.NS Products Ltd « asrmin Astra Microwave <> ‘oducts Ltd. | am, ait u www.astramwp.com nemete }) Senannd ic Warfare | Missiles | Telemetry | Space | Meteoro logy | Hydrology | Telecom
Slide 3: AMPL: A Company With Deep Domain Expertise
AMPL: A Company With Deep Domain Expertise... Astra Microwave Products Limited (AMPL) was incorporated as a Private Limited Company in 1991. AMPL is into Design, Development and Manufacturing of RF & Microwave Components, Sub-systems and Systems. With over 30 years of experience in in microwave radi
Slide 4: Poised for Strong Growth Amidst Sectoral Tailwinds
... Poised for Strong Growth Amidst Sectoral Tailwinds Defence spend in India has received mega boost Opportunities to develop and supply products which are published as negative import list by GOI Astra Microwave Products Ltd, Radar Government of India’s Atma Nirbhar Bharat initiatives Healthy Orde
Slide 5: Leadership
Leadership Significant Equity Holders Business & Technology Team & Directors PA Chitrakar S. Gurunatha Reddy Maram Venkateshwar Reddy Non-Executive Director Managing Director Joint Managing Director Head of R&D ¥ Atim Kabra C Nageswara Rao LGM Prakasam W) Exocutive Director VP - Production VP - Rada
Slide 6: Journey so far
Journey so far Delivered AAAU for Air-borne AESA Radar Delivered PATM-II & Radiation Mode 3 O 5 Ye a rs of Established Earth Pada 0 Sytem Astra Strtionfer indian Microwave ey Products Ltd eae 2020 Systems 2015 UPCOMING + Multi Function Radars + EW Systems 2021 Completed DWR MMIC. Production Order fo
Slide 7: Offerings
Offerings Components & MMICs Subsystems Systems + Design BTS: + Design + Prototyping + Design f 4 * Manufacturing * Testing & Qualification + Prototyping * Integration * Production * Testing & ‘ * Testing & Qualification Qualification : + Installation & Commissioning + Production - BTP: + Bulk Produ
Slide 8: Product Range
Product Range AMPL has designed, developed and produced critical sub- systems and systems for its customers for building various airborne, naval and ground based platforms. Radar, Missile Electronics, Electronic Warfare, Satellites, MMIC and Communication Astra Microwave Products Ltd, Defence + Rada
Slide 9: Expertise & Capabilities of AMPL (1/2)
Expertise & Capabilities of AMPL (1/2) Radar Design & development of Gallium Arsenide (GaAs) and Gallium Nitride (GaN) TRMs across all frequency bands- VHF, UHF, L, S, C, X, Ku and Ka band with various power levels. Design and development of all kind of radar sub-systems including power amplifiers,
Slide 10: Expertise & Capabilities of AMPL (2/2)
Expertise & Capabilities of AMPL (2/2) Missiles | a2... | Satellites + Leading company in India to design, develop and supply + AMPL has been supplying various key microwave Radio Proximity Fuze, Airborne Diplexer, Transponder, sub-systems for ground and space based or transmitter, Command Guidance
Slide 11: Growing defence products opportunity
Growing defence products opportunity India’s extensive modernisation plans, an increased focus on homeland security to increase government allocation for defence expenditure along with Make in India focus are expected to drive healthy growth in the sector. Growing Defence Budget (in Bn $) Defence Bu
Slide 12: Total Addressable Market
Total Addressable Market Hydrology Major opportunities for AMPL of around Rs Meteorology/ Special Projects 24,000-25,000 Crs across all sectors till FY28. Astra Microwave Products Ltd, Rs 900 - Rs 2,000 - 1,000 Crs 3,000 Crs Missiles & Radar Programs Space (FM) Telemetry Rs 10,000 - “ Rs 500 - Gwe R
Slide 13: Esteemed Clientele
Esteemed Clientele 2= ©00@@ 000020 ae 2 8S oupiia, ANI 2" se Pome Lb TM @lMlerra BALE ma & @ SEMATRON TALL 7 Raytheon @ THALES |/4) mom Technologies = Radar | Electronic Warfare | Missiles | Telemetry | Space Astra Microwave Products Ltd. Major stake in upcoming Defence Programs a oe | AATRU FOR Lig
Slide 14: Robust Order Book
Robust Order Book 1,852 Historical Order Book Build-Up 1,561 Diversified Order Book Order Book Build-Up ae Order Book as on September-22 is more 2X of revenue of FY22 1,551 1,383 30-06-2022 Orders Orders 30-09-2022 Received Executed inq2 ing2 FY18 FY19 =FY20 FY21 FY22 i Q2FY23 @ Defence/Public @ Met
Slide 15: Performance Highlights
Performance Highlights Revenue (Rs. in Crs) EBIDTA (Rs. in Crs) PAT (Rs. in Crs) ae i o : 2 4 ° H = & ao Sea £ “ = oe FY18 U FY20 FY21 FY22 HI FYi8 FYI9 FY2O0 FY21 FY22 HI FYI8 = FY20 FY21 fe H1 FY23 FY23 FY23 me] H : 3 : : * m i Zz 82 : 61 H 3 79 44 38 i ais -faBe @ e2t OB: FYI8. FYI9 FY20 FY21 FY2
Slide 16: State of the Art Infrastructure
State of the Art Infrastructure AMPL has advanced in-house facilities for lower turnaround time for product realization appreciated by domestic and foreign customers. Hyderabad, Telangana = x 2113 Acres 118,000 Sq. Ft Own 11999 Facility Offering Automatic weather Station AWS and other Hyderology & M
Slide 17: State of the Art Infrastructure
State of the Art Infrastructure Assembly Infrastructure Functional Testin + Near Field Test Range (NFTR) 450,000 sq. ft. of research, design, development and manufacturing across 6 units Fully automated Assembly facility consisting of 3 Automatic SMT assembly lines with high end testing capabilities
Slide 18: Strong R&D Capabilities
Strong R&D Capabilities Through its focus on R&D, the company develops innovative designs useful for the manufacture of cost- effective products. Engineering Capabilities In-house PCB assembly facility In-house Mechanical design Executes orders through BTS, & simulation R&D (Build To Specifications)
Slide 19: Serving Markets Through BTS and BTP Orders
Serving Markets Through Build To Specifications (BTS) Orders 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 a
Slide 20: 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. Enter co
Slide 21: Opportunities
Opportunities Various government initiatives are encouraging the industry to develop the system either through in-house development or through \ foreign technology tie-up. AMPL in alliance with System Knowledge of its partners aims to deliver the product that meets Government thrust on Atma Nirbhar
Slide 22: Competitive landscape
Competitive landscape Supplied >25 Radars Planar Antenna Systems Testing (NFTR) Sub-Systems Components MMIC BEL L&T Mahindra Defence Bharat Forge Adani Defence i) ® i) Paras Defence Data Patterns QO OVOOOO® Centum Electronics CoreEL Mistral Alpha Design © © © 6© © 66H 66 © © 666 ® ® TASL Radar | Ele
Slide 23: Annexure
ANNEXURE Radar | Electronic Warfare Missiles 22
Slide 24: Standalone Profit & Loss
Standalone Profit & Loss PARTICULARS (Rs. In C HIFY23 FY22 FY21 FY20 FY19 FY18 Revenue from Operations 3321 735.0 589.2 461.6 286.2 360.5 Total Raw Material 206.4 524 418 267 159 162 Gross Profit 125.7 211.2 170.7 194.7 126.9 208.5 Gross Profit Margin 37.9% 28.7% 29.0% 42.2% 44.3% 57.8% Employee Exp
Slide 25: Standalone Balance Sheet
Standalone Balance Sheet ASSETS Non-Current Assets 216 Property, plant and equipment 154 Capital WIP fo) Investment in Associates 2 Investments in joint ventures 20 Investments in subsidiaries 5 Financial Assets Other Financial Assets " Deferred tax assets z Non-Current Tax Assets 3 Other non-curren
Slide 26: Subsidiaries & JV
Subsidiaries & JV BEPL is a fully owned subsidiary of AMPL \ ished with State-of-the-Art manufacturing & test facilities to meet Global Standards. This combined with experienced man power & stabilized processes ensure that the needs of various Industry Segments can be met easily. . + A dependable pl
Slide 27: Capabilities
Capabilities Engineering Capabilities Research & Development + Expertise in development of critical products for Radar, EW, Missile, Telemetry and Space Elx + PCB Design + Mechanical design & simulation + ATE design + Test validations « Environment & EMI/ EMC qualification + Antenna Testing & Calibr
Slide 28: Products: Defence
Products : Defence Radar Electronics Active Antenna Array Units — L, S, C, X, Ku-Bands Wideband TR modules Solid State Power Amplifiers Electronic Warfare * Antennas + EDLVA and BL! Super Components + EW Simulators Missile Electronics Command Guidance Units Radio Proximity Fuze L, S, C & X-Band Tran
Slide 29: Products: Meteorology
Products : Meteorology Ground-based + Water Level Measurement (Bubbler/Radar Sensor) Agromet Meteorological Stations (AMS) Automatic Rain Gauge (ARG) Automatic Weather Stations (AWS) Mini boundary layer masts 50m tower masts Agro met towers Radar | Astra Microwave Products Ltd. Products Agro-Meteoro
Slide 30: Products: Space
Products : Space Ground-based Flight Model Association Defence Satellite + Sub-systems for Multi-object + Sub-systems for SAR Payloads Proud to be associated with every Tracking Radar + Sub-systems for major satellite launch in India. Progra AS + Coherent frequency Geostationary Satellites + RISAT,
Slide 31: 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: Uttam Product: Program: Uttam Product: Arudhra (MPR) Sub-Systems Mountain Radar AESA Radar (LCA . AESA Radar (LCA . Opportunity: Rs O
Slide 32: Major Opportunities: Radar Programs
Major Opportunities: Radar Programs DRDO Bharat Electronics ISRO Bharat Electronics DRDO Program: Product: Program: Product: Program: Space Product: Program:FCR = Product: Program: UHF — Product: AEWE&C-II QRSAM Debris Radars Opportunity: Rs Radar (2 Systems Opportunity: Rs & Opportunity: Rs Opportu
Slide 33: Major Opportunities: Missiles
Major Opportunities: Missiles DRDL/BDL BDL BDL ANSP DRDL Program: ASTRA Product: Program: AKASH Product: Program:QR- Product: Program:SLCM Product: Program: NGARM Product: Opportunity: Rs Opportunity: Rs SAM Opportunity: Rs Opportunity: Rs 400 Cr 436 Cr Opportunity: Rs 132Cr 186 Cr = = Timeline: Tim
Slide 34: Major Opportunities
Major Opportunities HAL Bharat Electronics Bharat Electronics Program: ASPJPod product: Program: EW Products Program: DRI8-DST, MASS, EW for LCA Mk 1A Opportunity: Rs 230 Cr BIT for Su-30 Mk | Opportunity: Rs 50 Timeline: FY25-27 Opportunity: Rs 250 Cr cr Timeline: FY24-26 Timeline: FY25-27 MoD, ISR
Slide 35: Major Opportunities
Major Opportunities Systems Indian Armed Forces Indian Air Force Indian Army Program: C-UAS Product: Program: Wind Product: Program:Low Product: Opportunity: Rs Profiler Radar & level light 2,000 Cr DwR Weight Radar Timeline: FY24 Opportunity: Rs Opportunity: Rs 200 Cr 100 Cr " Timeline: FY24-27 Tim
Slide 36: Quality certifications
Quality certifications Industry Leading Certifications te of Registration ene wee UNS Astra Microwave Products Ltd. Radar _ Pata Electronic Warfare Missiles Telemetry Space Pigg) National Accreditation Board for fecswei (8) Testing! and Calibration Laboratories amt CERTIFICATE OF ACCREDITATION EMC T
Slide 37: Awards & Accolades
Awards & Accolades Howuieaenath Singh AER@SPACE © DEFENSE LAToT Ceremony for Excellence in Innovation, Counter-Drone System LAToT Coastal Surveillance Radar Design Technology, R&D 2021 Handing over Ceremony Award for Excellence in Rorospace ELCINA EFY Award for Indigenisation-2021 Business Excellenc
Slide 38: CSR
CSR Our Contri Eradicating hunger, poverty and malnutrition Promoting education (ermal gender equality Ensuring environmental sustainability Protection of iter) heritage Benefit of armed forces ») veterans Training to promote rural ) sports A Contribution to the PM's National Relief Fund Funds provi
Slide 39: Thank you!
Thank you! Mi mktg@astramwp.com | ‘. +9140 46618000/ 8001 | @ astramwp.com Radar | Electronic Warfare | Missiles | Telemetry | Space | Meteorology | Hydrology | Telecom
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