Slide 1: Q2 FY2023 Earnings
Q2 FY2023 EARNINGS Hydraulics Aerospace Metallurgy
Slide 2: Q2 FY2023 Performance Highlights
Q2 FY2023 PERFORMANCE HIGHLIGHTS Highlights Q2 FY2023 vs. Q2 FY2022 Q2 FY2023 Revenue Breakup • Revenue of Rs. 323.7 cr; up by 6.4% from Rs. 304.4 Q2 FY2023 cr in Q2 FY22 29% o Aerospace segment revenue of Rs. 109.4 cr; up by 34% Q2 FY2022 26% 40.5% from Rs. 77.9 cr 39% o Hydraulics segment revenue
Slide 3: H1 FY2023 Performance Highlights
H1 FY2023 PERFORMANCE HIGHLIGHTS Highlights H1 FY2023 vs. H1 FY2022 H1 FY2023 Revenue Breakup • Revenue of Rs. 634.7 cr; up by 1.6% from Rs. 624.8 H1 FY2023 cr in H1 FY22 o Aerospace segment revenue of Rs. 205.9 cr; up by 31% 32% H1 FY2022 26% 24.7% from Rs. 165.2 cr 41% o Hydraulics segment revenue
Slide 4: Performance Highlights: Management Commentary
PERFORMANCE HIGHLIGHTS Management Commentary Commenting on the results, Mr. Udayant Malhoutra, CEO and Managing Director said: “Despite severe inflationary pressure, our margins improved significantly during the first half of the year supported by better operational efficiencies and cost pass-throug
Slide 5: Financial Performance Summary
FINANCIAL PERFORMANCE SUMMARY Consolidated Performance Highlights (Continuing Operations) Q2 y-o-y Q1 q-o-q H1 y-o-y Rs. crore Growth Growth Growth FY23 FY22 (%) FY23 (%) FY23 FY22 (%) Revenue 323.7 304.4 6.4% 311.0 4.1% 634.7 624.8 1.6% EBITDA 47.6 38.0 25.1% 42.3 12.5% 89.9 78.0 15.2% Margin (%) 1
Slide 6: Performance Highlights: Foreign Exchange Fluctuation
PERFORMANCE HIGHLIGHTS Foreign Exchange Fluctuation Q2 FY2023 vs. Q1 Q2 FY2023 vs. Q2 FY2023 FY2022 Exchange Rate Q2 FY2023 Q1 FY2023 Q2 FY2022 Impact Impact % Impact Impact % EURO vs. INR 81.22 80.34 88.08 0.88 1.1% (6.86) (7.8)% GBP vs. INR 95.37 94.30 102.58 1.07 1.1% (7.21) (7.0)% USD vs. INR 78
Slide 7: Aerospace Segment
AEROSPACE SEGMENT Financial Overview a Q2 y-o-y Q1 q-o-q H1 y-o-y Rs. crore Growth Growth Growth FY23 FY22 (%) FY23 (%) FY23 FY22 (%) Revenue 109.4 77.9 40.5% 96.5 13.4% 205.9 165.2 24.7% EBITDA 30.6 20.5 49.3% 26.6 15.2% 57.2 52.4 9.1% Margin (%) 28.0% 26.3% 27.5% 27.8% 31.7% Performance Overview •
Slide 8: Hydraulics Segment
HYDRAULICS SEGMENT Financial Overview . Q2 y-o-y Q1 q-o-q H1 y-o-y Rs. crore Growth Growth Growth FY23 FY22 (%) FY23 (%) FY23 FY22 (%) Revenue 121.0 108.7 11.3% 110.6 9.4% 231.6 201.8 14.8% EBITDA 24.4 18.4 32.6% 20.3 20.3% 44.6 31.6 41.0% Margin (%) 20.2% 16.9% 18.3% 19.3% 15.7% Performance Overvie
Slide 9: Metallurgy Segment
METALLURGY SEGMENT Financial Overview . Q2 y-o-y Q1 q-o-q H1 y-o-y Rs. crore Growth Growth Growth FY23 FY22 (%) FY23 (%) FY23 FY22 (%) Revenue 93.3 117.7 (20.7)% 103.9 (10.2)% 197.1 257.5 (23.4)% EBITDA 2.0 5.0 (60.3)% 3.6 (44.4)% 5.6 10.3 (45.7)% Margin (%) 2.1% 4.3% 3.5% 2.8% 4.0% Performance Over
Slide 10: Quarterly Financial Trends
QUARTERLY FINANCIAL TRENDS Revenue (Rs. cr) and Growth % (Q-o-Q) Segment Wise Revenue Contribution 45.0% 15.3% 14.0% (9.3)% (5.0)% 1.1% 4.3% (3.1)% 4.1% 37% 33% 33% 33% 29% 43% 42% 44% 39% 29% 35% 36% 36% 37% 27% 28% 29% 36% 35% 30% 31% 27% 26% 31% 31% 31% 34% 268.8 310.0 353.3 320.4 304.4 307.7 320
Slide 11: Quarterly Financial Trends: Capital Structure
QUARTERLY FINANCIAL TRENDS Capital Structure Net Debt/LTM EBITDA & Debt/Equity (x) (Rs. crore) Sep-21 Mar-22 Jun-22 Sept-22 3.0x 3.1x 3.0x Long Term 371.3 378.1 368.4 350.2 Short Term 155.3 165.4 202.9 220.7 Total Debt 526.6 543.5 571.3 570.9 Less: Cash & Cash 1.4x 1.4x 59.2 39.7 44.5 29.7 1.3x Equi
Slide 12: Dynamatic Overview
DYNAMATIC OVERVIEW • A combination of stable and high growth businesses with highly engineered products for Diversified the automotive, hydraulic and aerospace industries business • Successful track record of enhancing manufacturing capabilities through R&D and selective acquisitions • One of the wo
Slide 13: Dynamatic Overview
DYNAMATIC OVERVIEW Vertically • Owns one of the most advanced ferrous foundries in Europe (Germany) capable of Integrated manufacturing highly intricate castings Facilities • In-house division for design validation and optimization, analysis and prototypes • 9 Facilities globally, spread across Indi
Slide 14: Dynamatic Overview
DYNAMATIC OVERVIEW Combination of Stable and High Growth Businesses AEROSPACE • Wings, rear fuselages, ailerons, wing flaps and major airframe • Airbus • Spirit structures • Boeing Aerosystems 34% of Q1 • Ramp structure assembly • Bell • HAL FY223 Revenue • AFT Pylon assembly • Hydraulic valves • Cu
Slide 15: Blue Chip Investor Base
BLUE CHIP INVESTOR BASE Shareholding Structure Key Investors • Samena Capital Others • HDFC Mutual Fund 34.4% Promoters • Alchemy and Group 44.8% • Girish Gulati – HUF • Abakkus Emerging Opportunities Fund Alternative • Madhusudan Kela and Group Investment • Rohini Nilekani Fund DIIs 2.9% 6.8% FIIs
Slide 16: Financial Statements: Consolidated P&L
FINANCIAL STATEMENTS Consolidated P&L Statement (Q-o-Q Comparison) Q2 FY22 Q1 FY23 Q2 FY23 Profit & Loss Statement (Rs. crore) (Unaudited) (Unaudited) (Unaudited) Continuing Operations: Revenues Revenue from operations 304.4 311.0 323.7 Expenses Cost of materials and components consumed 150.1 156.2
Slide 17: Financial Statements: Balance Sheet - Assets
FINANCIAL STATEMENTS Consolidated Balance Sheet - Assets Balance Sheet (Rs. crore) Sep-21 (Unaudited) Mar-22 (Audited) Sep-22 (Unaudited) Assets Non-current assets Property, plant and equipment 434.7 444.0 420.4 Capital work in progress 6.0 14.5 52.4 Goodwill 102.2 101.0 94.0 Intangible assets 23.9
Slide 18: Financial Statements: Balance Sheet - Liabilities
FINANCIAL STATEMENTS Consolidated Balance Sheet - Liabilities Balance Sheet (Rs. crore) Sep-21 (Unaudited) Mar-22 (Audited) Sep-22 (Unaudited) Equity and liabilities Equity Equity share capital 6.4 6.3 6.3 Other equity 356.1 375.1 367.7 Total shareholders fund 362.5 381.4 374.0 Non-current liabiliti
Slide 19: Financial Statements: Cash Flow Statement
FINANCIAL STATEMENTS Consolidated Cash Flow Statement Cash Flow Statement (Rs. crore) Sep-21 (Unaudited) Mar-22 (Audited) Sep-22 (Unaudited) Profit before tax (2.2) 25.0 23.1 Adjustments: Interest income (1.2) (2.6) (0.9) Loss on sale of property, plant and equipment (net) 0.1 (0.2) 0.0 Depreciation
Slide 20: Financial Statements: Cash Flow Statements
FINANCIAL STATEMENTS Consolidated Cash Flow Statements Cash Flow Statement (Rs. crore) Sep-21 (Unaudited) Mar-21 (Audited) Sep-22 (Unaudited) Cash flows from investing activities Expenditure on property, plant and equipment, right of use assets and intangibles (9.9) (58.1) (41.1) Proceeds from sale
Slide 21: 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 22: Contact Details
CONTACT DETAILS Mr. Chalapathi P Chief Financial Officer F: +91 80 2839 5823 E: chalapathi.p@dynamatics.net Mr. Shivaram V Head – Legal, Compliance & Company Secretary F: +91 80 2839 5823 E: shivaram.v@dynamatics.net Dynamatic Technologies Limited JKM Plaza, Dynamatic Aerotropolis 55, KIADB Aerospac