Syrma Sgs Technology Limited · NSE:SYRMA
Syrma Sgs Technology — H1 FY2024 Earnings Presentation
18 slides from Syrma Sgs Technology's earnings presentation, Nov 1, 2023
Slide 1: Intimation under Regulation 30 SEBI Listing Regulations - Investor Presentation
Date: November 01, 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 H1 FY24
Syrma SGS Technology Earnings Release H1 FY24 November 1st, 2023
Slide 3: Performance Highlights: H1 FY2024
Performance Highlights : H1 FY2024 ₹ million Total Revenue • Total Revenue up 55% YoY to ₹ 13,440 million EBITDA • EBITDA up by 28% YoY to ₹ 1,169 million; EBIDTA margin at 8.7% PBT • PBT up 21% YoY to ₹ 796 million; PBT margin at 5.9% PAT • PAT up 28% YoY to ₹ 588 million; PAT margin at 4.4% Export
Slide 4: Brief Financial Summary: H1 FY24
Brief Financial Summary : H1 FY24 ₹ Million Particulars H1 FY23 H1 FY24 % Change, YoY Total Revenue 8,650 13,440 55.4% Gross Profit 2,656 3,237 21.9% Margin % 30.7% 24.1% (6.6%) Operating Expenses 1,745 2,068 18.5% EBITDA 911 1,169 28.3% Margin % 10.5% 8.7% (1.8%) Depreciation and amortization 142 2
Slide 5: Financial Highlights: H1 FY24
Financial Highlights : H1 FY24 ₹ Million Revenue EBITDA ₹ 1,169 ₹ 13,190 ₹ 911 ₹ 8,562 H1 FY23 H1 FY24 H1 FY23 H1 FY24 Profit Before Tax Profit After Tax ₹ 588 ₹ 796 ₹ 656 ₹ 460 H1 FY23 H1 FY24 H1 FY23 H1 FY24 4
Slide 6: Industry Segments
Industry Segments ₹ Million Revenue (₹ million) Industry YoY H1 FY23 H1 FY24 Auto 1,735 3,176 83.1% Consumer 1,845 4,843 162.6% Healthcare 1,070 669 (37.5%) Industrials 2,961 3,759 27.0% IT and Railways 952 683 (28.3%) Total 8,562 13,130 53.3% 5
Slide 7: Industry Segment: Material Margins
Industry Segment: Material Margins Material Margin (%) Industry H1 FY23 H1 FY24 Auto 17.6% 20.1% Consumer 32.5% 16.4% Healthcare 48.0% 46.7% Industrials 28.4% 29.8% IT and Railways 11.0% 10.1% 6
Slide 8: Debt and Cash
Debt and Cash ₹ Million Particulars 30-Sep-22 30-Sep-23 Term Loan 907 889 Working Capital Loan 2,071 3,338 Total Debt 2,978 4,228 Investments 8,636 4,704 Cash and Cash Equivalents 427 748 Total Cash & Equivalents 9,063 5,451 Net Debt / (Cash) (6,085) (1,224) 7
Slide 9: Financial Ratios
Financial Ratios Particulars H1 FY23 H1 FY24 EBITDA Margin (%) 10.5% 8.7% PAT Margin (%) 5.3% 4.4% Net Working Capital Days1 82 70 Net Debt to EBITDA NM NM ROCE (%) 12.4% 11.0% ROCE (%)2 18.9% 17.6% Notes: 1. Net Working Capital Days based on the average of opening and closing balance sheet numbers
Slide 10: Brief Financial Summary: Q2 FY24
Brief Financial Summary : Q2 FY24 ₹ Million Particulars Q2 FY23 Q1 FY24 Q2 FY24 % Change, QoQ % Change, YoY Total Revenue 4,751 6,234 7,206 15.6% 51.7% Gross Profit 1,557 1,547 1,689 9.2% 8.5% Margin % 32.8% 24.8% 23.4% (1.4%) (9.3%) Operating Expenses 1,006 957 1,110 16.0% 10.4% EBITDA 551 590 579
Slide 11: Syrma SGS Merger Update
SYRMA > SGS Syrma SGS Merger Update
Slide 12: Structure of the Merger
Structure of the Merger PRESENT STRUCTUIRE RESULTANT STRUCTUIRE SYRMA SGS Merger of B Technology Limited SGS Tekniks (Merged) with SYRMA SGS SYRMA SGS Technology Limited 100% 51% 100% A 100% 51% 100% Other wholly owned SGS Tekniks Johri Digital Merger of subsidiaries in Manufacturing Pvt Ltd Healthc
Slide 13: Merger Rationale
Merger Rationale Consolidation and Creation of Synergistic Access to funds and Cost optimization simplification of value for all benefits enabling better debt servicing and administrative group structure stakeholders business growth abilities through convenience and expansion improved cash flows
Slide 14: Awards & Recognitions
Awards & Recognitions
Slide 15: Most Preferred Workplace 2023-2024
Most Preferred Workplace 2023-2024 Syrma SGS is the first and only Indian EMS company to have received the honor. 7 Recognized among Most Preferred Workplaces based on an industry- wide consumer study conducted by LeadCap Ventures.
Slide 16: H1 FY24: Awards & Recognitions
H1 FY24: Awards & Recognitions Syrma SGS facility recommended for IPC Class 3 ELCINA awards for various categories: Among Select 200 Companies at the First : Quality Category certification (Aerospace and Auto) Forbes India DGEMS 2023 Second: Exports Category Merit: Environment Protection & Sustainab
Slide 17: H1 FY24: Awards & Recognitions
H1 FY24: Awards & Recognitions Runner up – Hand Soldering Skill 3rd place - Kaizen award from CII Sustainability & Environmental - Large Competition 2023 by IPC India Southern Regional 7 “Timely Managing the Project Milestones” Multi Oxidative Curing Storage Fixture by CII from Marquart India Pvt Lt
Slide 18: Thank you
Investors Contact: Thank you Nikhil Gupta, CFA +91 - 11 - 4235 1122 investor.relations@syrmasgs.com www.syrmasgs.com
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