Slide 1: Exchange filing cover letter for earnings presentation
Date: 13th November 2022 To To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street Bandra Kurla Complex, Mumbai- 400001 Bandra (E), Mumbai – 400 051 Through: BSE Listing Centre Through: NEAPS Security Code: 533339 Symbol/Security
Slide 2: Zen Technologies Limited Earnings Presentation Q2FY23
Zen Technologies Limited Earnings Presentation Q2FY23 India’s leading defence training solution provider NSE : ZENTEC B SE : ZENTEC - 533339 BLOOMBERG : ZEN IN REUTERS : ZETE . BO
Slide 3: Inside the Document
Inside the Document 01 02 03 04 05 06 Management Quarterly & Order Book Financial About the Research and Commentary Half-Yearly Status Statement Company Development Highlights Summary 07 08 09 10 11 12 Business Regulatory Investment Strategic Way Forward New Product Canvas Tailwinds Merits Prioritie
Slide 4: Management Commentary
03 Management Commentary Commenting on the performance of Q2FY23, Mr. Ashok Atluri, Chairman, Managing Director commented: "I am pleased to share an update to accompany IDEF (Indonesia). our Q2FY23 results and happy to report that our efforts during the last two years are now starting Positive custo
Slide 5: Quarterly Standalone Highlights
04 Quarterly Standalone Highlights All data ₹ in crores REVENUE FROM OPERATIONS (YOY) EBITDA (YOY) PROFIT AFTER TAX (YOY) 25.00 5.00 4.58 21.13 14.00 20.00 12.00 4.00 16.25 10.00 8.18 15.00 3.00 8.00 10.00 6.00 2.00 4.00 2.09 0.85 5.00 1.00 2.00 0.00 0.00 0.00 Q2FY22 Q2FY23 Q2FY22 Q2FY23 Q2FY22 Q2FY
Slide 6: Half Yearly Standalone Highlights
05 Half Yearly Standalone Highlights All data ₹ in crores REVENUE FROM OPERATIONS (YOY) EBITDA (YOY) PROFIT AFTER TAX (YOY) 60.00 54.36 25.00 21.56 15.00 12.78 50.00 22.00 12.00 19.00 40.00 16.00 9.00 30.00 25.38 13.00 10.00 6.00 20.00 7.00 10.00 2.78 3.00 4.00 0.51 0.00 1.00 0.00 H1FY22 H1FY23 H1FY
Slide 7: Consolidated Quarterly Highlights
06 Consolidated Quarterly Highlights All data ₹ in crores REVENUE FROM OPERATIONS (YOY) EBITDA (YOY) PROFIT AFTER TAX (YOY) 40.00 6.00 5.65 33.41 14.00 13.07 35.00 5.00 12.00 30.00 4.00 10.00 25.00 3.00 8.00 20.00 15.75 2.00 15.00 6.00 4.00 1.00 10.00 5.00 2.00 0.82 0.00 -0.02 0.00 0.00 -1.00 Q2FY22
Slide 8: Consolidated Half Yearly Highlights
07 Consolidated Half Yearly Highlights All data ₹ in crores REVENUE FROM OPERATIONS (YOY) EBITDA (YOY) PROFIT AFTER TAX (YOY) 80.00 30.00 16.00 70.48 26.03 13.11 70.00 25.00 12.00 60.00 20.00 50.00 8.00 40.00 15.00 30.00 25.72 4.00 10.00 20.00 0.00 5.00 10.00 0.55 -1.15 0.00 0.00 -4.00 H1FY22 H1FY23
Slide 9: Order Book Status
08 Order Book Status TOTAL ORDER NEW ORDERS BOOK + ORDERS - EXECUTED = ORDER BOOK Order Book as on New Order bagged in Orders executed in Total Order Book as on 1st July 2022 Q2FY23 Q2FY23 30th September 2022 AMC: 153.80 Cr AMC: 0.73 Cr AMC: 9.36 Cr AMC: 145.17 Cr Equipment: 290.85 Cr Equipment: 8.0
Slide 10: Financial Statement Summary: Standalone Profit & Loss
09 Financial Statement Summary Summary of Standalone Profit & Loss Statement All data ₹ in crores Particulars Q2FY23 Q1FY23 Q2FY22 H1FY23 H1FY22 Net Sales 21.13 33.23 16.25 54.36 25.38 Other Operating Revenue 2.80 2.15 0.96 4.95 1.70 Total Revenue 23.93 35.38 17.21 59.31 27.09 Total Operating Expens
Slide 11: Financial Statement Summary: Standalone Balance Sheet
10 Financial Statement Summary Summary of Standalone Balance Sheet All data ₹ in crores Particulars H1FY23 FY22 Total Equity 304.23 291.70 Non Current Liabilities 1.95 4.93 Current Liabilities 87.90 61.22 Total Equity and Liability 394.08 357.85 Non Current Assets 110.24 107.59 Current Assets 283.84
Slide 12: Financial Statement Summary: Consolidated Profit & Loss
11 Financial Statement Summary Summary of Consolidated Profit & Loss Statement All data ₹ in crores Particulars Q2FY23 Q1FY23 Q2FY22 H1FY23 H1FY22 Net Sales 33.41 37.07 15.75 70.48 25.71 Other Operating Revenue 3.15 2.17 0.97 5.32 1.72 Total Revenue 36.56 39.24 16.72 75.80 27.44 Total Operating Expe
Slide 13: Financial Statement Summary: Consolidated Balance Sheet
12 Financial Statement Summary Summary of Consolidated Balance Sheet All data ₹ in crores Particulars H1FY23 FY22 Total Equity 299.94 289.90 Non Current Liabilities 3.64 7.10 Current Liabilities 107.27 71.96 Total Equity and Liability 410.85 368.96 Non Current Assets 95.17 92.75 Current Assets 315.6
Slide 14: Zen Technologies at a glance
013 Zen Technologies A pioneer in providing state of art Defence Training Solutions, Drones and Anti-Drone Solutions for imparting defense training at a glance and measuring combat readiness of security forces. The company is engaged in indigenous design, development and manufacturing of sensors and
Slide 15: R&D – Our Strong Suit
014 R&D – At Zen, continuous research efforts have resulted in creation of diverse technological solutions and corresponding patent Our Strong Suit portfolio. Till date the company has filed for more than 109 patents for the pioneering initiatives undertaken, of which 27 have been granted. • ~75 IP
Slide 16: R&D Spends over the Years
015 R&D Spends over the Years All data ₹ in crores Chart Title 160 146.98 140 120 100 92.22 80 61.65 60 54.36 53.70 52.61 49.57 38.96 40 20 13.80 12.88 14.82 12.27 12.72 14.30 8.16 12.83 0 As at 30.09.22 As at 31.03.22 As at 31.03.21 As at 31.03.20 As at 31.03.19 As at 31.03.18 As at 31.03.17 As at
Slide 17: Business Canvas – A Well Diversified Business Model
016 Business Canvas – A Well Diversified Business Model COUNTER DRONE SOLUTIONS COMBAT TRAINING CENTRE ANNUAL MAINTENANCE CONTRACT • Anti drone systems are used to detect and/or • A leader in defence training solutions. • A recurring revenue stream with exceptional intercept unwanted drones and unma
Slide 18: Strong Regulatory Tailwinds
017 Strong Regulatory The defence business is a regulated one, which is largely impacted by government policy and budget allocation to the Tailwinds sector. The government’s keen focus on Make in India and Atmanirbhar Bharat campaign has created conducive environment The Government of India (GOI) ha
Slide 19: Investment Merits
018 Investment Merits ASSET-LIGHT business model INCREASING SHARE OF AMC which is annuity in nature STRONG Focus on REGULATORY HIGH VALUE tailwinds COMPLEX SYSTEMS INCREASING STRONG R & D SPENDS BALANCE SHEET with special emphasis with surplus liquidity on Anti-Drone systems for armed forces Strong
Slide 20: Strategic Priorities
019 Strategic The business model of the company has been strategically positioned to reduce lumpiness and enhance the profitability Priorities in the coming years. Continue to Scale the AMC Streamlining Enhance Establishing the grow the sales business, where operational technical Demo centre at of E
Slide 21: Way Forward
020 Way INCREASING PREDICTABILITY IN TURNOVER : Forward We are working towards strategically positioning the business model to reduce lumpiness. The sale of equipment done in the last couple of years will start contributing to the top line in terms of Annual Maintenance Contracts. EQUIPMENT ORDER WI
Slide 22: New Product Additions
021 New Product Additions • With changing warfare dynamics, drones have become a major threat to any country’s security. Anti-Drone Anti-Drone • Authorities across the globe investing in Systems Simulators & Drone technologies to neutralize Simulators this threat. • Wide applications. Not only restr
Slide 23: Disclaimer
22 Disclaimer This document which have been prepared by Zen Technologies Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on
Slide 24: Let's connect
23 Let’s connect HANSRAJ SINGH RAJPUT DIWAKAR PINGLE ABHISHEK MEHRA cosec@zentechnologies.com Diwakar.pingle@in.ey.com abhishek@theinvestmentlab.in Company Secretary & Compliance Officer Investor Relations Advisor Investor Relations Advisor Zen Technologies Limited Ernst & Young TIL Advisors