Centum Electronics Limited · NSE:CENTUM
Centum Electronics — Q3 FY2022 Earnings Presentation
20 slides from Centum Electronics's earnings presentation, Feb 21, 2022
Slide 1: Stock exchange covering letter for earnings presentation
Ref: CEL/NSEBSE/EP/21022022 21st February, 2022 To, Listing Department Department of Corporate Services ‐ Listing National Stock Exchange of India Limited BSE Limited Exchange Plaza, P. J. Towers, Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Re: Scrip Symbol:
Slide 2: Earnings Presentation 9M/Q3-FY22
EARNINGS PRESENTATION 9M/Q3-FY22
Slide 3: Snapshot
Snapshot 25+ years of domain expertise in Global Operations with strong Concept to Commissioning 1,800 Employees Electronics Design & Manufacturing presence in India, Europe and North capabilities 650 Designers Solutions America Flexible Engagement Models Strong Supply Chain Network Strong relations
Slide 4: Company Overview
Company Overview • Founded in 1993, Centum Electronics Limited FY22 Key Business Segments: (Centum) is one of the largest Electronics System Operational Income (In Mn) and EBITDA • Engineering R&D (ER&D) Services (34%) – Involves Design and Manufacturing (ESDM) companies in conceptualizing and desig
Slide 5: 9M/Q3-FY22 Financial Overview
9M/Q3-FY22 FINANCIAL OVERVIEW
Slide 6: 9M/Q3-FY22 Financial Highlights
9M/Q3-FY22 Financial Highlights Q3-FY22 Standalone Performance: Q3-FY22 Consolidated Performance: • Operational Income: INR 849 Mn • Operational Income: INR 2,000 Mn • Operational EBITDA: INR 103 Mn • Operational EBITDA: INR 187 Mn • Operational EBITDA Margin: 12.13% • Operational EBITDA Margin: 9.3
Slide 7: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance Revenue from Operations (INR Mn) EBITDA (INR Mn) 2,162 2 ,5 0 3 5 0 Revenues improved by 16% 2,000 286 EBITDA improved over the 1,724 3 0 over previous quarter. Supply 2 ,0 0 previous quarter due to 2 5 0 chain issues due to shortage of 1 ,5 0 187 higher
Slide 8: 9M/Q3-FY22 Operational Highlights
9M/Q3-FY22 Operational Highlights • Consolidated financial performance improved over the previous quarter due to increase in revenue and better mix. • Procurement lead times continue to be stretched due to the challenges in supply chain. We are working very closely with customers and suppliers to mi
Slide 9: Centum's contribution on the RISAT 1A satellite
Centum’s contribution on the RISAT 1A satellite • Centum played a significant role in the launch of RISAT 1A satellite which was launched on 14th Feb, 2022. • Centum Designed, manufactured & supplied complex systems forming significant part of the mission RISAT 1A. • More than 1000 mission critical
Slide 10: Quarterly Standalone Financial Performance
Quarterly Standalone Financial Performance Particulars (INR Mn) Q3-FY22 Q3-FY21 Y-o-Y Q2-FY22 Q-o-Q Operational Income 849 1,052 (19.3)% 821 3.4% Total Expenses 746 881 (15.3)% 748 (0.3)% EBITDA 103 171 (39.8)% 73 41.1% EBITDA Margins (%) 12.13% 16.25% (412) bps 8.89% 324 bps Other Income 12 9 33.3%
Slide 11: YTD Standalone Financial Performance
YTD Standalone Financial Performance Particulars (INR Mn) 9M-FY22 9M-FY21 Y-o-Y Operational Income 2,272 3,290 (30.9)% Total Expenses 2,098 2,746 (23.6)% EBITDA 174 544 (68.0)% EBITDA Margins (%) 7.66% 16.53% (887) bps Other Income 40 25 60.0% Depreciation 125 116 7.8% Finance Cost 106 138 (23.2)% E
Slide 12: Standalone Balance Sheet
Standalone Balance Sheet Particulars (INR Mn) FY20 FY21 H1-FY22 Particulars (INR Mn) FY20 FY21 H1-FY22 ASSETS EQUITY AND LIABILITIES Non-Current Assets 2,118 2,110 2,186 Equity 2,363 2,547 2,464 (a) Property, Plant & Equipment 1,116 1,075 1,037 Share Capital 129 129 129 (b) Capital Work in progress
Slide 13: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance Particulars (INR Mn) Q3-FY22 Q3-FY21 Y-o-Y Q2-FY22 Q-o-Q Operational Revenue 2,000 2,162 (7.5)% 1,724 16.0% Total Expenses 1,813 1,876 (3.4)% 1,603 13.1% EBITDA 187 286 (34.6)% 121 54.5% EBITDA Margin (%) 9.35% 13.23% (388) bps 7.02% 233 bps Other Income
Slide 14: YTD Consolidated Financial Performance
YTD Consolidated Financial Performance Particulars (INR Mn) 9M-FY22 9M-FY21 Y-o-Y Operational Revenue 5,468 6,109 (10.5)% Total Expenses 5,048 5,423 (6.9)% EBITDA 420 686 (38.8)% EBITDA Margin (%) 7.68% 11.23% (355) bps Other Income 55 53 3.8% Depreciation 339 338 0.3% Finance Cost 189 221 (14.5)% S
Slide 15: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (INR Mn) FY20 FY21 H1-FY22 Particulars (INR Mn) FY20 FY21 H1-FY22 ASSETS EQUITY AND LIABILITIES (1) Non-current assets 3,759 3,611 3,299 (1) Equity 2,300 2,401 1,879 1,253 1,184 1,134 (a) Equity share capital 129 129 129 (a) Property, Plant and Equipment (b) Ot
Slide 16: Historical Standalone Income Statement
Historical Standalone Income Statement Particulars (INR Mn FY19 FY20 FY21 9M-FY22 Operational Income 4,987 4,824 4,245 2,272 Total Expenses 4,290 4,111 3,621 2,098 EBITDA 697 713 624 174 EBITDA Margins (%) 13.98% 14.78% 14.70% 7.66% Other Income 38 43 39 40 Depreciation 121 132 158 125 Finance Cost
Slide 17: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (INR Mn) FY19 FY20 FY21 9M-FY22 Operational Revenue 9,304 8,833 8,174 5,468 Total Expenses 8,267 7,852 7,279 5,048 EBITDA 1,037 981 895 420 EBITDA Margin (%) 11.15% 11.11% 10.95% 7.68% Other Income 71 153 58 55 Depreciation 278 414 453 339 Finance
Slide 18: Consolidated Financial Highlights
Consolidated Financial Highlights Operational Revenue* EBITDA & EBITDA Margin (%) PAT & PAT Margin (%)* 9,304 11.16% 6 0 5.06% 6. 00% 8,833 1 ,2 0 11.11% 10.95% 12. 00% 8,174 1.90% 4. 00% 7,811 471 4 0 1 ,0 0 10. 00% 1.47% 2. 00% 981 0.12% 2 0 5,468 0. 00% 9 168 8 0 8. 00% 1,038 120 6 0 5.11% 7.68%
Slide 19: Capital Market Data
Capital Market Data Stock Market Performance (as on 31st December, 2021) 50% 40% 30% 20% 10% 0% -10% -20% Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Centum Sensex Shareholding Pattern (as on 31th December, 2021) th Price Data (as on 31 December 2021) CMP 592.
Slide 20: Disclaimer
Disclaimer Centum Electronics Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all eve