Slide 1: Q4 and Full Year FY2015 Earnings
Q4 and Full Year FY2015 EARNINGS
Slide 2: 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 “Company”) future business
Slide 3: Performance Highlights: Consolidated Financial Highlights
PERFORMANCE HIGHLIGHTS Consolidated Financial Highlights Full Year FY2015 Highlights Revenue Breakup • Net Revenues of Rs. 16,288 million; an increase of 2.6% y-o-y • EBITDA of Rs. 1,511 million at 9.3% margin FY2015 • Interest expense declined by 19.8% y-o-y to Rs. 799 million FY2014 • Net Debt of
Slide 4: Performance Highlights: Recent Corporate Developments
PERFORMANCE HIGHLIGHTS Recent Corporate Developments Credit rating upgrade: • On April 30, 2015, Dynamatic announced that ICRA has upgraded the long term rating for the Company’s line of credit to ICRA BBB+ and has reaffirmed the short term rating for the line of credit at ICRA A2. Further, ICRA has
Slide 5: Performance Highlights: Management Commentary
PERFORMANCE HIGHLIGHTS Management Commentary Commenting on the results, Mr. Udayant Malhoutra, CEO and Managing Director said: “Last fiscal year has been a turnaround year for us. During the year, we took various initiatives to strengthen our financial position and made investments in creating capac
Slide 6: Financial Performance Summary
FINANCIAL PERFORMANCE SUMMARY Consolidated Performance Highlights Q4 y-o-y Q3 q-o-q Full Year y-o-y Rs. million Growth Growth Growth FY15 FY14 (%) FY15 (%) FY15 FY14 (%) Revenue 3,885 4,304 (9.7)% 3,835 1.3% 16,288 15,875 2.6% EBITDA 331 426 (22.3)% 343 (3.5)% 1,511 1,629 (7.3)% Margin (%) 8.5% 9.9%
Slide 7: Aerospace and Defence Segment
AEROSPACE AND DEFENCE SEGMENT Financial Overview FY15 Revenue Breakup Q4 y-o-y Q3 q-o-q Full Year y-o-y Rs. UK India growth growth growth million FY15 FY14 FY15 FY15 FY14 55% 45% (%) (%) (%) Revenue 645 629 2.5% 691 (6.7)% 2,617 2,233 17.2% India 300 266 12.5% 338 (11.4)% 1,173 919 27.6% UK 345 362
Slide 8: Hydraulics Segment
HYDRAULICS SEGMENT Financial Overview FY15 Revenue Breakup Q4 y-o-y Q3 q-o-q Full Year y-o-y Rs. growth growth growth UK India million FY15 FY14 FY15 FY15 FY14 (%) (%) (%) 39% 61% Revenue 663 776 (14.5)% 660 0.4% 2,922 3,098 (5.7)% India 395 409 (3.5)% 425 (7.0)% 1,785 1,684 6.0% UK 268 366 (26.9)%
Slide 9: Automotive Segment
AUTOMOTIVE SEGMENT Financial Overview FY15 Revenue Breakup Q4 y-o-y Q3 q-o-q Full Year y-o-y Rs. growth growth growth India million FY15 FY14 FY15 FY15 FY14 Germany (%) (%) (%) 15% 85% Revenue 2,578 2,894 (10.9)% 2,484 3.8% 10,756 10,585 1.6% India 403 415 (3.0)% 337 19.5% 1,587 1,762 (9.9)% Germany
Slide 10: Quarterly Financial Trends: Financial Performance
QUARTERLY FINANCIAL TRENDS Financial Performance Revenue (Rs. mn) and Growth (Q-o-Q) Segment Wise Revenue Contribution 4,304 4,250 4,319 15% 14% 16% 18% 17% 3,835 3,885 18% 18% 7.6% 19% 17% 17% (1.3)% 1.3% 1.6% (11.2)% 67% 68% 65% 65% 66% Q4 FY14 Q1 FY15 Q2 FY15 Q3 FY15 Q4 FY15 Q4 FY14 Q1 FY15 Q2 FY
Slide 11: Quarterly Financial Trends: Focus on Deleveraging the Balance Sheet
QUARTERLY FINANCIAL TRENDS Focus on Deleveraging the Balance Sheet Capital Structure Debt and Net Debt (Rs.mn) (Rs. million) Mar 31, 2015 Mar 31, 2014 5,915 5,474 5,163 Long Term 3,766 4,908 4,402 Borrowings Short Term 1,397 1,008 Borrowings Total Debt 5,163 5,915 Less: Cash & Cash 761 441 Equivalen
Slide 12: Dynamatic Overview
DYNAMATIC OVERVIEW Diversified • A combination of stable and high growth businesses with highly engineered products business for the automotive, hydraulic, aerospace and defence 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 • Ferrous and non-ferrous AUTOMOTIVE automotive components • Audi • Hyundai including engine, transmission, turbocharg • BMW • Nissan er and chassis parts • Daimler • Tata Motors 66% of FY15 • Metallurgical ferrous and • Ford • Volk
Slide 15: Blue Chip Investor Base
BLUE CHIP INVESTOR BASE Shareholding Structure Key Institutional Investors • Goldman Sachs India Equity • DSP Blackrock Opportunities Others Promoters Fund Fund 27% 51% • HDFC Trustee Company • Principal Mutual Fund Limited (HDFC Infrastructure • Param Capital Research Pvt Ltd Fund) DIIs • Citigroup
Slide 16: Income Statement (Quarterly Trend)
FINANCIAL STATEMENTS Income Statement (Quarterly Trend) Profit & Loss Statement (Rs. million) Q4 FY14 Q1 FY15 Q2 FY15 Q3 FY15 Q4 FY15 Revenues Net Sales / Income from Operations (Net of Excise Duty) 4,266 4,217 4,270 3,790 3,838 Other Operating Income 39 33 49 45 47 Total Revenues 4,304 4,250 4,319
Slide 17: Income Statement (Annual Trend)
FINANCIAL STATEMENTS Income Statement (Annual Trend) Profit & Loss Statement (Rs. million) FY14 FY15 Revenues Net Sales / Income from Operations (Net of Excise Duty) 15,719 16,115 Other Operating Income 156 174 Total Revenues 15,875 16,288 Expenses Cost of Raw Materials Consumed 8,982 9,458 Changes
Slide 18: Balance Sheet – Assets
FINANCIAL STATEMENTS Balance Sheet – Assets Balance Sheet (Rs. million) Sep-13 Mar-14 Sep-14 Mar-15 ASSETS Non-Current Assets Goodwill 679 679 679 879 Fixed Assets i) Tangible Fixed Assets 5,685 5,967 5,558 5,355 ii) Intangible Fixed Assets 272 224 193 202 iii) Capital work in progress 769 28 71 44
Slide 19: Balance Sheet – Liabilities
FINANCIAL STATEMENTS Balance Sheet – Liabilities Balance Sheet (Rs. million) Sep-13 Mar-14 Sep-14 Mar-15 EQUITY and LIABILITIES Shareholders Fund Share capital 54 55 60 63 Reserves and surplus 859 1,376 2,134 2,453 Money Received against Share Warrants 125 100 0 0 Non-controlling interest (Preferenc
Slide 20: Contact Details
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, Complianc