Slide 1: Q2 & Half Year FY2017 Earnings
Q2 & Half Year FY2017 EARNINGS
Slide 2: Born to Fly
BORN TO FLY
Slide 3: Q2 FY2017 Performance Highlights
Q2 FY2017 PERFORMANCE HIGHLIGHTS Continued improvement in all round performance Y-o-Y Highlights Q2 FY2017 • Net Revenue of Rs. 3,819 million; up 3.1% o Aerospace & Defence segment revenues up Q2 FY2016 26.2% 21.6% • EBITDA of Rs. 441 million; up 30.5% 17.6% o EBITDA margin of 11.6%; up 242 bps 18.7
Slide 4: Management commentary on the results
Commenting on the results, said: “I am pleased to report another quarter with consistent growth and strong profitability. Our Aerospace segment continue to deliver a robust performance with a 26% y-o-y growth in Revenue and 45% growth in EBITDA. While we continue to ramp up our deliveries to Boeing
Slide 5: Financial Performance Summary
FINANCIAL PERFORMANCE SUMMARY Consolidated Performance Highlights Q2 y-o-y Q1 q-o-q Half Year y-o-y Rs. million Growth Growth Growth FY17 FY16 (%) FY17 (%) FY17 FY16 (%) Revenue 3,819 3,704 3.1% 3,946 (3.2)% 7,765 7,432 4.5% EBITDA 441 338 30.5% 479 (8.0)% 920 583 57.9% Margin (%) 11.6% 9.1% 12.1% 1
Slide 6: Performance Highlights: Foreign Exchange Fluctuation
PERFORMANCE HIGHLIGHTS Foreign Exchange Fluctuation Q2 Q2 Q1 Exchange Rate Impact Impact % Impact Impact % FY2017 FY2016 FY2017 EURO vs. INR 75.15 71.29 3.86 5.4% 75.57 (0..42) (0.6)% GBP vs. INR 92.02 99.14 (7.11) (7.2)% 96.10 (4.08) (4.2)% USD vs. INR 66.95 64.23 2.72 4.2% 66.93 0.01 0.0% Impact d
Slide 7: Aerospace & Defence segment performance
Q2 y-o-y Q1 q-o-q Half Year y-o-y Rs. million Growth Growth Growth UK India FY17 FY16 (%) FY17 (%) FY17 FY16 (%) 35% 65% Revenue 823 652 26.2% 848 (3.0)% 1,671 1,250 33.7% India 531 336 58.0% 501 6.1% 1,031 602 71.3% UK 292 316 (7.6)% 348 (16.0)% 640 648 (1.2)% EBITDA 248 171 45.1% 277 (10.7)% 525 3
Slide 8: Hydraulics segment performance
Q2 y-o-y Q1 q-o-q Half Year y-o-y Rs. million Growth Growth Growth UK India FY17 FY16 (%) FY17 (%) FY17 FY16 (%) 30% 70% Revenue 692 692 0.0% 681 1.7% 1,373 1,308 5.0% India 481 443 8.6% 442 8.8% 924 834 10.8% UK 211 249 (15.2)% 238 (11.5)% 449 474 (5.3)% EBITDA 96 91 5.6% 92 4.3% 188 148 26.4% Marg
Slide 9: Automotive segment performance
Q2 y-o-y Q1 q-o-q Half Year y-o-y Rs. Growth Growth Growth million FY17 FY16 FY17 FY17 FY16 India (%) (%) (%) Germany 12% Revenue 2,303 2,355 (2.2)% 2,415 (4.6)% 4,717 4,865 (3.0)% 88% India – M 186 253 (26.4)% 200 (7.2)% 386 533 (27.5)% India – F 95 77 22.5% 105 (9.8)% 200 156 27.7% Germany 2,022 2
Slide 10: Quarterly revenue and EBITDA trends
3,946 3,878 3,819 3,704 17.6% 18.4% 20.2% 21.5% 21.6% 3,628 5.9% 18.7% 17.2% 17.7% 17.3% 18.1% 3.1% (14.2)% (0.2)% 63.7% 64.4% 62.1% 61.2% 60.3% (5.4)% Q2 FY16 Q3 FY16 Q4 FY16 Q1 FY17 Q2 FY17 Q2 FY16 Q3 FY16 Q4 FY16 Q1 FY17 Q2 FY17 Automotive Hydraulics Aerospace & Defence 528 479 441 338 300 13.6%
Slide 11: Debt, net worth and credit ratings
(Rs. million) Sep 30, 2016 Mar 31, 2016 2.2x 1.9x Long Term Borrowings 4,867 5,038 1.7x 1.1x Short Term Borrowings 1,300 920 1.0x Total Debt 6,167 5,958 Less: Cash & Cash 293 627 Equivalents 182 175 177 181 188 Net Debt 5,874 5,331 Q2 FY16 Q3 FY16 Q4 FY16 Q1 FY17 Q2 FY17 Net Worth 2,651 2,576 Note:
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: Vertically Integrated Facilities
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 design validation and op
Slide 14: Dynamatic Overview: 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, • BMW • Nissan turbocharger and chassis parts 60% of Q2 • Daimler • Tata Motors • Metallurgical ferrous and • Ford • Volkswa
Slide 15: Blue Chip Investor Base
BLUE CHIP INVESTOR BASE Shareholding Structure Key Institutional Investors Others Promoter • HDFC Mutual Fund 22% s • Samena Capital and Group 51% • Alchemy and Group DIIs • Goldman Sachs Group 12% • SBI Mutual Fund FIIs • Param Capital and Group 15% • L&T Mutual Fund Shareholding Pattern Trend Equi
Slide 16: Profit & Loss Statement (Quarterly)
Profit & Loss Statement (Rs. million) Q2 FY16 Q3 FY16 Q4 FY16 Q1 FY17 Q2 FY17 Revenues Net Sales / Income from Operations (Net of Excise Duty) 3,670 3,598 3,847 3,913 3,791 Other Operating Income 33 30 32 33 28 Total Revenues 3,704 3,628 3,878 3,946 3,819 Expenses Cost of Raw Materials Consumed 2,04
Slide 17: Profit & Loss Statement (Annual)
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 in Inventories of Finished Goods, WIP and Stock in Tr
Slide 18: Balance Sheet: Assets
Balance Sheet (Rs. million) Mar-15 Sep-15 Mar-16 Sep-16 ASSETS Non-Current Assets Goodwill 879 950 936 884 Fixed Assets 5,600 5,685 5,617 5,611 Non-Current Investment 0 0 1 1 Deferred tax asset (net) 0 0 0 0 Long Term Loans and Advances 242 223 260 238 Other Non Current Assets 161 139 128 258 Total
Slide 19: Balance Sheet: Equity and Liabilities
Balance Sheet (Rs. million) Mar-15 Sep-15 Mar-16 Sep-16 EQUITY and LIABILITIES Shareholders Fund Share capital 63 63 63 63 Reserves and surplus 2,453 2,397 2,513 2,588 Money Received against Share Warrants 0 0 0 0 Non-controlling interest (Preference capital) 4 0 0 0 Total Shareholders Fund 2,520 2,
Slide 20: Forward-looking statements disclaimer
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 business developments
Slide 21: Contact details
Mr. Hanuman Sharma Executive Director and 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 & Company Secr