Slide 1: Dynamatic Technologies Limited Q1FY2017 Earnings
DYNAMATIC TECHNOLOGIES LIMITED Q1FY2017 EARNINGS HYDRAULICS AEROSPACE & DEFENCE AUTOMOTIVE
Slide 2: Born to Fly
= BORN TO FLY
Slide 3: Q1 FY2017 Performance Highlights
Q1 FY2017 PERFORMANCE HIGHLIGHTS Significantly improved all round performance Y-o-Y Highlights Revenue Breakup Q1 FY2017 • Net Revenue of Rs. 3,946 million; up 5.9% Q1 FY2016 o Aerospace & Defence 22% segment revenues up 41.9% 16% 17% • EBITDA of Rs. 479 million; up 17% 67% 61% 95.9% o EBITDA margin
Slide 4: Performance Highlights: Management Commentary
PERFORMANCE HIGHLIGHTS Management Commentary Commenting on the results, Mr. Udayant Malhoutra, CEO and Managing Director said: “We are delighted to report a robust financial performance both in terms of topline as well as profitability. Dynamatic’s Born to Fly is clearly reflected in our results, in
Slide 5: Financial Performance Summary
FINANCIAL PERFORMANCE SUMMARY Consolidated Performance Highlights Q1 Q4 y-o-y q-o-q Rs. million FY17 FY16 Growth (%) FY16 Growth (%) Revenue 3,946 3,728 5.9% 3,878 1.8% EBITDA 479 245 95.9% 528 (9.1)% Margin (%) 12.1% 6.6% 13.6% Profit After Tax (PAT) 128 (97) nm 192 (33.2)% Margin (%) 3.3% nm 5.0%
Slide 6: Performance Highlights: Foreign Exchange Fluctuation
PERFORMANCE HIGHLIGHTS Foreign Exchange Fluctuation Exchange Rate Q1 FY2017 Q1 FY2016 Impact Impact % Q4 FY2016 Impact Impact % EURO vs. INR 75.57 70.31 5.26 7.5% 72.31 3.26 4.5% GBP vs. INR 96.10 97.52 (1.42) (1.5)% 98.76 (2.66) (2.7)% USD vs. INR 66.93 63.50 3.43 5.4% 65.46 1.47 2.2% Impact due to
Slide 7: Aerospace and Defence Segment
AEROSPACE AND DEFENCE SEGMENT Q1 FY17 Revenue Financial Overview Breakup Q1 y-o-y Q4 q-o-q Rs. million FY17 FY16 Growth (%) FY16 Growth (%) India UK 59% Revenue 848 598 41.9% 783 8.4% 41% India 501 266 88.1% 521 (4.0)% UK 348 332 4.8% 262 32.9% EBITDA 277 138 101.7% 281 (1.2)% Margin (%) 32.7% 23.0%
Slide 8: Hydraulics Segment
HYDRAULICS SEGMENT Q1 FY17 Revenue Financial Overview Breakup Q1 y-o-y Q4 q-o-q Rs. million UK FY17 FY16 Growth (%) FY16 Growth (%) India 35% 65% Revenue 681 616 10.5% 683 (0.4)% India 442 391 13.2% 423 4.7% UK 238 225 5.8% 261 (8.6)% EBITDA 92 58 59.1% 110 (16.7)% Margin (%) 13.5% 9.4% 16.1% India
Slide 9: Automotive Segment
AUTOMOTIVE SEGMENT Q1 FY17 Revenue Financial Overview Breakup Q1 Q4 y-o-y q-o-q India Rs. million Germany FY17 FY16 Growth (%) FY16 Growth (%) 13% 87% Revenue 2,415 2,510 (3.8)% 2,405 0.4% India – M 200 280 (28.5)% 218 (8.2)% India – F 105 79 32.7% 87 20.7% Germany 2,109 2,151 (1.9)% 2,100 0.5% EBIT
Slide 10: Quarterly Financial Trends
QUARTERLY FINANCIAL TRENDS Q1 FY16 performance show an improving trend Revenue (Rs. mn) and Growth (Q-o-Q) Segment Wise Revenue Contribution 3,878 3,946 16% 18% 18% 20% 22% 3,728 3,704 3,628 17% 19% 17% 18% 17% 6.9% 1.8% (0.7)% 67% 64% 64% 62% 61% (2.0)% (4.0)% Q1 FY16 Q2 FY16 Q3 FY16 Q4 FY16 Q1 FY1
Slide 11: Quarterly Financial Trends: Leverage Ratios
QUARTERLY FINANCIAL TRENDS Focus on Strong Leverage Ratios Capital Structure Interest Expense (Rs. mn) & Interest (Rs. million) Jun 30, 2016 Mar 31, 2016 Coverage (x) 2.2x Long Term Borrowings 1.9x 4,886 5,038 Short Term Borrowings 1,013 920 1.1x 1.0x 0.6x Total Debt 5,899 5,958 Less: Cash & Cash 43
Slide 12: Dynamatic Overview
DYNAMATIC OVERVIEW Diversified • A combination of stable and high growth businesses with highly engineered products for business the automotive, hydraulic, aerospace and defense industries • Successful track record of enhancing manufacturing capabilities through R&D and selective acquisitions Compet
Slide 13: Dynamatic Overview
DYNAMATIC OVERVIEW Vertically • Advanced iron foundry in India and Germany. Also has aluminium foundry in India for Integrated captive use Facilities • Owns one of the most advanced ferrous foundries in Europe (Germany) capable of manufacturing highly intricate castings • In-house division for desig
Slide 14: Combination of Stable and High Growth Businesses
DYNAMATIC OVERVIEW Combination of Stable and High Growth Businesses AUTOMOTIVE • Ferrous and non-ferrous automotive components • Audi • Hyundai including engine, transmission, turbocharger and • BMW • Nissan chassis parts 61% of Q1 • Daimler • Tata Motors FY17 • Metallurgical ferrous and aluminium c
Slide 15: Blue Chip Investor Base
BLUE CHIP INVESTOR BASE Shareholding Structure Key Institutional Investors Others • HDFC Mutual Fund Promoters 23% 51% • Samena Capital and Group • Alchemy and Group DIIs • Goldman Sachs Group 12% • SBI Mutual Fund • Param Capital and Group FIIs • L&T Mutual Fund 14% Shareholding Pattern Trend Equit
Slide 16: Financial Statements: Income Statement (Quarterly Trend)
FINANCIAL STATEMENTS Income Statement (Quarterly Trend) Profit & Loss Statement (Rs. million) Q1 FY16 Q2 FY16 Q3 FY16 Q4 FY16 Q1 FY17 Revenues Net Sales / Income from Operations (Net of Excise Duty) 3,691 3,670 3,598 3,847 3,913 33 Other Operating Income 37 33 30 32 3,946 Total Revenues 3,728 3,704
Slide 17: Financial Statements: Income Statement (Annual Trend)
FINANCIAL STATEMENTS Income Statement (Annual Trend) Profit & Loss Statement (Rs. million) FY15 FY16 Revenues Net Sales / Income from Operations (Net of Excise Duty) 16,115 14,806 177 132 Other Operating Income 16,292 14,938 Total Revenues Expenses Cost of Raw Materials Consumed 9,552 8,502 Changes
Slide 18: Financial Statements: Balance Sheet – Assets
FINANCIAL STATEMENTS Balance Sheet – Assets Balance Sheet (Rs. million) Sep-14 Mar-15 Sep-15 Mar-16 ASSETS Non-Current Assets Goodwill 679 879 950 936 Fixed Assets 5,822 5,600 5,685 5,617 Non-Current Investment 0 0 0 1 Deferred tax asset (net) 5 0 0 0 Long Term Loans and Advances 273 242 223 260 Oth
Slide 19: Financial Statements: Balance Sheet – Liabilities
FINANCIAL STATEMENTS Balance Sheet – Liabilities Balance Sheet (Rs. million) Sep-14 Mar-15 Sep-15 Mar-16 EQUITY and LIABILITIES Shareholders Fund Share capital 60 63 63 63 Reserves and surplus 2,134 2,453 2,397 2,513 Money Received against Share Warrants 0 0 0 0 Non-controlling interest (Preference
Slide 20: 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 21: Contact Details
CONTACT DETAILS Mr. Hanuman Sharma Executive Director & Chief Financial Officer Dynamatic Technologies Limited Dynamatic Park Peenya Industrial Area Bangalore 560 058 India T: +91 80 2839 4933 / 34 / 35 F: +91 80 2839 5823 E: hanuman.sharma@dynamatics.net Mr. Naveen Chandra Head – Legal, Compliance