Slide 1: Q4 & Full Year FY2017 Earnings
Q4 & Full Year FY2017 EARNINGS
Slide 2: Born to Fly
BORN TO FLY
Slide 3: 12M FY2017 Revenue Breakup
12M FY2017 Revenue Breakup • Net Revenue of Rs.15,078 mn; up 0.9% from 12M FY2017 Rs.14,938 mn last year 12M FY2016 o Aerospace & Defence segment revenue of Rs.3,457 mn; up 28.1% from Rs. 23% 2,698 mn last year 18% • EBITDA of Rs.1,653 mn; up 17.2% from 18% Rs.1,411 mn last year 64% 59% 18% o EBITDA
Slide 4: Consolidated financial summary
Revenue 3,783 3,878 (2.5)% 3,520 7.5% 15,078 14,938 0.9% EBITDA 388 528 (26.4)% 335 15.7% 1,653 1,411 17.2% 10.3% 13.6% 9.5% 11.0% 9.4% Profit After Tax (PAT) (74) 192 nm 12 nm 146 123 19.0% nm 5.0% 0.3% 1.0% 0.8% Basic EPS (Rs.) (11.76) 30.30 nm 1.86 nm 23.02 19.36 19.1% Adjusted PAT (Rs.) (8) 192
Slide 5: Dynamatic-Oldland Aerospace new unit at Swindon
Dynamatic-Oldland AerospaceTM is installing a in a new purpose built unit at its Swindon facility, the first machine of this type in the private sector in Britain. 5
Slide 6: Swindon facility inauguration
Inaugurated by – Minister for Large & Medium Industries & Infrastructure Development, - British High Commissioner, - Chargé d'Affaires at the U.S. Embassy & – CEO & Managing Director, Dynamatic Technologies Limited. 6
Slide 7: Bangalore Airbus facility inauguration
Inaugurated by , President, Airbus Group India, , Chief Procurement Officer, Airbus Group SE, , Chief Operating Officer, Airbus, , Managing Director, Airbus India and , CEO & Managing Director, Dynamatic Technologies Limited The company has added state-of-the-art manufacturing technologies including
Slide 8: Machining facility at Eisenwerk Erla, Germany
at EISENWERK ERLA GmbH, GERMANY The First Machining Facility was inaugurated by the Board of Directors, Dynamatic Technologies Limited This is a fully robotised facility for machining at Erla, which incorporates the latest technological innovations and will allow Dynamatic to increase its competitiv
Slide 9: Management commentary on results
Commenting on the results, said: “The last one year has been an exciting time for Dynamatic Technologies. We have not just registered robust financial performance during the year but have also enhanced our brand equity and reinforced our market position globally. This in particular is reflected in t
Slide 10: Currency impact on revenue and EBITDA
EURO vs. INR 73.59 72.31 1.28 74.35 (0.76) GBP vs. INR 87.66 98.76 (11.11) 89.30 (1.64) USD vs. INR 67.10 65.46 1.64 67.12 (0.02) EURO GBP EURO EURO GBP EURO Revenue (Rs. mn) 33.9 (67.9) 1.4 (37.4) 134.9 (279.7) 6.9 (164.3) EBITDA (Rs. mn) 2.1 (77.0) 1.4 (9.0) 6.6 (38.0) 6.9 (50.9) • On a constant c
Slide 11: Aerospace & Defence segment
UK India 28% 72% India 653 521 581 2,265 1,475 UK 250 262 293 1,192 1,223 India 200 257 188 809 598 UK 39 24 85 238 166 • Successful deliveries of new projects along with a robust and continuing order book execution, led to substantial revenue growth for both Q4 and full year FY2017 • Strong order b
Slide 12: Hydraulics segment
UK India 31% 69% India 483 423 500 1,908 1,655 UK 217 261 196 862 959 India 91 76 80 335 283 UK 24 34 15 63 43 • Hydraulics segment in India continued its strong performance. The sales remained robust along with a significant margin expansion. On a constant currency basis UK registered marginal grow
Slide 13: Automotive segment
India Germany 13% 87% Note: India – M: India – Machining India – F: India – Iron Foundry • With the last quarter not fully recovered from the impact of demonetization, the overall automotive business demand remained subdued resulting in a decreased topline for the Company. Pre demonetization H1 reve
Slide 14: Quarterly revenue and EBITDA trend
3,878 3,946 3,828 3,783 20% 22% 22% 25% 24% 3,520 6.9% 7.5% 18% 17% 18% 1.8% 20% 19% (3.0)% (8.1)% 62% 61% 60% 55% 58% Q4 FY16 Q1 FY17 Q2 FY17 Q3 FY17 Q4 FY17 Q4 FY16 Q1 FY17 Q2 FY17 Q3 FY17 Q4 FY17 Automotive Hydraulics Aerospace & Defence 528 485 451 388 335 13.6% 12.3% 11.8% 9.5% 10.3% Q4 FY16 Q1
Slide 15: Debt, leverage and credit rating
(Rs. million) Mar 31, 2017 Dec 31, 2016 2.2x Long Term 1.9x 4,936 1.7x Borrowings 5,092 1.1x 1.2x Short Term 1,313 Borrowings 1,559 Total Debt 6,651 6,249 195 188 177 181 177 Less: Cash & Cash 826 318 Equivalents Net Debt 5932 Q4 FY16 Q1 FY17 Q2 FY17 Q3 FY17 Q4 FY17 5,825 Note: Interest Coverage rat
Slide 16: 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 17: 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 18: 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, • BMW • Nissan turbocharger and chassis parts • Daimler • Tata Motors 59% of Q4 FY17 • Metallurgical ferrous and • Ford • Vo
Slide 19: Blue Chip Investor Base
BLUE CHIP INVESTOR BASE Shareholding Structure Key Institutional Investors • Samena Capital and Citi Group Others Promoters • HDFC Mutual Fund 22.0% 50.2% • Alchemy and Group • SBI Mutual Fund DIIs 13.1% • Goldman Sachs • Mukul Agarwal and Group • Premier Investment Fund FIIs 14.7% • Cyril Traders •
Slide 20: Income Statement (Quarterly Trend)
DYNAMATIC TECHNOLOGIES LIMITED FINANCIAL STATEMENTS Income Statement (Quarterly Trend) Revenues Net Sales / Income from Operations (Net of Excise Duty) 3,847 3,913 3,800 3,492 3,752 Other Operating Income 32 33 28 28 31 Total Revenues 3,878 3,946 3,828 3,520 3,783 Expenses: Cost of Raw Materials Con
Slide 21: Profit & Loss Statement
Profit & Loss Statement (Rs. million) FY16 FY17 Revenues Net Sales / Income from Operations (Net of Excise Duty) 14,806 14,957 Other Operating Income 132 120 Total Revenues 14,938 15,078 Expenses Cost of Raw Materials Consumed 8,502 8,459 Changes in Inventories of Finished Goods, WIP and Stock in Tr
Slide 22: Balance Sheet: Assets
Balance Sheet (Rs. million) Mar-16 Mar-17 ASSETS Non-Current Assets Goodwill 936 826 Fixed Assets 5,617 5,896 Non-Current Investment 1 7 Deferred tax asset (net) 0 0 Long Term Loans and Advances 260 254 Other Non Current Assets 78 62 Total Non-Current Assets 6,892 7,046 Current Assets Inventories 2,
Slide 23: Balance Sheet: Equity and Liabilities
Balance Sheet (Rs. million) Mar-16 Mar-17 EQUITY and LIABILITIES Shareholders Fund Share capital 63 63 Reserves and surplus 2,513 2,401 Money Received against Share Warrants 0 0 Non-controlling interest (Preference capital) 0 0 Total Shareholders Fund 2,576 2,464 Non-Current Liabilities Long-Term Bo
Slide 24: 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 25: Contact details
Mr. Hanuman Sharma Executive Director and Group 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 & Compan