Syrma Sgs Technology Limited · NSE:SYRMA
Syrma Sgs Technology — Q3 FY23 Earnings Presentation
15 slides from Syrma Sgs Technology's earnings presentation, Feb 8, 2023
Slide 1: Exchange intimation letter under Regulation 30
Date: February 08, 2023 To, Listing Department Department of Corporate Service National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, G Block, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East), Mumbai - 400 051. Dalal Street, Mumbai - 400 001. Symbol: SYRMA Scrip Code
Slide 2: Syrma SGS Technology Earnings Release Q3 FY23
Syrma SGS Technology Earnings Release Q3 FY23 February 08th, 2023
Slide 3: Disclaimer
Disclaimer Certain statements in this presentation are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements o
Slide 4: Performance Highlights : Q3 FY23
Performance Highlights : Q3 FY23 ₹ million Total Revenue • Total Revenue up 73% YoY to ₹ 5,244 million EBITDA • EBITDA up by 53% YoY to ₹ 596 million; EBIDTA margin at 11.4% PBT • PBT up 51% YoY to ₹ 451 million; PBT margin at 8.6% PAT • PAT up 70% YoY to ₹ 342 million; PAT margin at 6.5% Export Rev
Slide 5: Financial Highlights : Q3 FY23
Financial Highlights : Q3 FY23 ₹ Million Revenue EBITDA 73% YoY 53% YoY ₹ 5,244 ₹ 596 ₹ 551 ₹ 4,748 ₹ 388 ₹ 3,034 Q3 FY22 Q2 FY23 Q3 FY23 Q3 FY22 Q2 FY23 Q3 FY23 Profit Before Tax Profit After Tax 51% YoY 70% YoY ₹ 451 ₹ 342 ₹ 417 ₹ 288 ₹ 298 ₹ 202 Q3 FY22 Q2 FY23 Q3 FY23 Q3 FY22 Q2 FY23 Q3 FY23 4
Slide 6: Financial Highlights : 9M FY23
Financial Highlights : 9M FY23 ₹ Million Revenue EBITDA ₹ 13,910 ₹ 1,507 ₹ 1,061 ₹ 8,998 9M FY22 9M FY23 9M FY22 9M FY23 Profit Before Tax Profit After Tax ₹ 1,106 ₹ 802 ₹ 827 ₹ 577 9M FY22 9M FY23 9M FY22 9M FY23 5 Notes: 9M FY22 financials are based on Proforma Consolidated financials.
Slide 7: Brief Financial Summary Q3 FY23
Brief Financial Summary Q3 FY23 ₹ Million Particulars Q3 FY22 Q2 FY23 Q3 FY23 % Change, QoQ % Change, YoY Total Revenue 3,034 4,748 5,244 10.4% 72.9% Gross Profit 1,051 1,450 1,419 (2.1%) 35.0% Margin % 34.7% 30.5% 27.1% (3.5%) (7.6%) Operating Expenses 663 899 823 (8.4%) 24.2% EBITDA 388 551 596 8.
Slide 8: Brief Financial Summary 9M FY23
Brief Financial Summary 9M FY23 ₹ Million Particulars 9M FY22 9M FY23 % Change, YoY Total Revenue 8,998 13,910 54.6% Gross Profit 2,851 4,091 43.5% Margin % 31.7% 29.4% (2.3%) Operating Expenses 1,790 2,584 44.4% EBITDA 1,061 1,507 42.0% Margin % 11.8% 10.8% (1.0%) Depreciation and amortization 183
Slide 9: Industry Segment: Q3 FY23
Industry Segment: Q3 FY23 Revenue (₹ million) QoQ YoY Industry Growth Growth Q3 FY22 Q2 FY23 Q3 FY23 Auto 634 903 1,076 19.2% 69.6% Consumer 518 1,059 2,053 93.9% 296.5% Healthcare 390 504 92 (81.7%) (76.4%) Industrials 1,166 1,770 1,614 (8.8%) 38.4% IT and Railways 309 434 290 (33.2%) (6.0%) Total
Slide 10: Industry Segment: 9M FY23
Industry Segment: 9M FY23 Revenue (₹ million) Industry YoY 9M FY22 9M FY23 Auto 1,631 2,796 71.4% Consumer 1,528 3,890 154.5% Healthcare 1,129 1,162 2.9% Industrials 3,436 4,540 32.1% IT and Railways 1,167 1,301 11.5% Total 8,892 13,689 53.9% 9 Notes: 9M FY22 financials are based on Proforma Consoli
Slide 11: Industry Segment: Material Margins
Industry Segment: Material Margins Material Margin (%) Industry Q3 FY22 Q3 FY23 Auto 19.1% 23.3% Consumer 45.6% 19.2% Healthcare 51.8% 45.1% Industrials 33.3% 33.4% IT and Railways 11.0% 15.0% 10
Slide 12: Debt and Cash
Debt and Cash ₹ Million Particulars 31-Dec-21 30-Sep-22 31-Dec-22 Term Loan 79 907 905 Working Capital Loan 1,472 2,071 2,359 Total Debt 1,551 2,978 3,264 Investments 301 8,636 8,363 Cash and Cash Equivalents 510 427 497 Total Cash & Equivalents 811 9,063 8,860 Net Debt / (Cash) 739 (6,085) (5,596)
Slide 13: Financial Ratios
Financial Ratios Particulars Q3 FY22 Q2 FY23 Q3 FY23 EBITDA Margin (%) 12.8% 11.6% 11.4% PAT Margin (%) 6.7% 6.1% 6.5% Net Working Capital Days 96 80 83 Net Debt to EBITDA 0.5 NM NM ROCE (%) 17.0% 12.4% 13.4% ROCE (%)** 22.8% 21.8% 22.5% **ROCE = Annualized 9M EBIT /Average Net Capital Employed base
Slide 14: Awards & Recognitions
Awards & Recognitions Dec’22 Best EMS Supplier 2022 Award by Pricol Nov’22 Innovation & Technology Excellence Award by Wabtec Corporation Oct’22 Award for Techno Visionary – Industry for the Year 2022
Slide 15: Thank you
Investors Contact: Thank you Nikhil Gupta, CFA +91 - 11 - 4235 1122 investor.relations@syrmasgs.com www.syrmasgs.com