Astra Microwave Products Ltd. · NSE:ASTRAMICRO
Astra Microwave Products — Q4 FY23 Earnings Presentation
46 slides from Astra Microwave Products's earnings presentation, May 26, 2023
Slide 1: Exchange covering letter for Investor Presentation
ASTRA MICROWAVE PRODUCTS LIMITED Regd. Office : ASTRA Towers, Survey No. 12(P), Kothaguda Post, Kondapur, Hitechcity, Hyderabad, Telangana. INDIA - 500084 Tel : +91 40 46618000, 46618001, Fax +91 40 46618048 Email : mktg@astramwp.com . website : www.astramwp.com CIN: L29309TG1991PLC013203 May 26, 20
Slide 2: Investor Presentation – Q4 & FY23
Investor Presentation – Q4 & FY23 www.astramwp.com Radar Electronics I Electronic Warfare I Missiles I Telemetry I Space I Meteorology | Hydrology | Telecom
Slide 3: Safe harbour
Safe harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Astra Microwave Products Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for an
Slide 4: Quarterly Highlights
Quarterly Highlights
Slide 5: Consolidated Performance Highlights
Performance Highlights Margins Revenue (Rs. in Crs) EBIDTA (Rs. in Crs) PAT (Rs. in Crs) 12.1% 12.2% 11.8% 18.5% 6.5% 4.8% 5.5% 9.5% 9.8% Standalone 807 72.1% 90.3% 735 150 77 7.3% 87 40 239 256 7.5% -20.7% 29 31 16 12 Q4FY22 Q4FY23 FY22 FY23 Q4FY22 Q4FY23 FY22 FY23 Q4FY22 Q4FY23 FY22 FY23 10.7% 13.
Slide 6: Robust Order Book
Robust Order Book Historical Orderbook Build-Up Orderbook Updates -1% (Rs. in Crs) Total orders received during the quarter 1,561 1,551 1,544 1,383 1,167 252 543 103 745 Sno Segment Name Amount (Rs. Cr) 914 254 264 223 60 60 72 205 459 51 211 1 Defence 72.22 163 740 817 723 55 135 550 19 364 142 2 E
Slide 7: Segmental Revenue Break-up
Segmental Revenue Break-up Q4FY23 FY23 Revenue Break-up in % Q4FY23 Q3FY23 Q2FY23 Q1FY23 0.5% 0.5% Defence 39.8% 65.3% 66.5% 57.1% Space 2.1% 0.3% 0.8% 0.4% 39.8% 39.6% Exports including Deemed Exports 54.6% 31.5% 27.9% 39.4% 54.6% 55.8% 3.0% Meteorological 3.0% 2.4% 4.3% 2.8% 2.1% 3.1% 1.0% Others
Slide 8: Standalone Profit & Loss
Standalone Profit & Loss PARTICULARS (Rs. In Cr) Q4FY23 Q4FY22 YOY FY23 FY22 YOY Revenue from Operations 256.3 238.9 7.3% 807.3 735.0 9.8% Raw Material Consumption 183.4 170.8 518.7 523.8 Gross Profit 72.9 68.1 7.1% 288.6 211.2 36.7% Gross Profit Margin 28.5% 28.5% 35.7% 28.7% Employees Expenses 24.
Slide 9: Balance Sheet
Balance Sheet ASSETS (Rs. In Cr) Mar-23 Mar-22 EQUITY AND LIABILITIES (Rs. In Cr) Mar-23 Mar-22 Non-Current Assets 228 215 Equity and Liabilities 653 590 Property, plant and equipment 165 158 17 Equity share capital 17 Capital WIP 2 0 Equity attributable to owners of the Company 636 572 Investment i
Slide 10: Cash Flow Statement
Cash Flow Statement Cash Flow Statement (Rs. in Cr) FY23 FY22 Profit Before Taxes 102.9 52.7 Changes in working capital -99.1 67.8 Cash generated from operations 3.8 120.5 Direct taxes paid (net of refund) -25.6 -19.8 Net Cash from Operating Activities -21.8 100.8 Net Cash from Investing Activities
Slide 11: Company Overview
Company 4 Overview
Slide 12: ASTRA: A Company With Deep Domain Expertise...
ASTRA: A Company With Deep Domain Expertise... Astra Microwave Products Limited (AMPL) was incorporated as WEALTH OF EXPERIENCE a Private Limited Company in 1991. • More than 30 years of domain expertise in microwave radio- frequency (RF) applications domain AMPL is into Design, Development and Manu
Slide 13: ... Poised for Strong Growth Amidst Sectoral Tailwinds
... Poised for Strong Growth Amidst Sectoral Tailwinds AMPL has a proven track record of making high value-added SYSTEMS, RF and microwave super components Defence s pend in Governm ent of India's and sub-systems which are becoming India has rec eived a Atm a Nirbhar Bharat more relevant due to vari
Slide 14: Leadership
Leadership Significant Equity Holders Business & Technology Team & Directors PA Chitrakar S. Gurunatha Reddy Maram Venkateshwar Reddy Non-Executive Director Managing Director Joint Managing Director Head of R&D Atim Kabra C Nageswara Rao LGM Prakasam VP - Production VP - Radar Systems Executive Dire
Slide 15: 30+ Years of Journey so far
Journey so far Delivered AAAU for Air-b o r n e AESA Radar 30+ Years of Established Earth Station for Indian Delivered PATM-11 & Radiation Mode T&E Facility for Radar EW Systems 2022 Astra Microwave Me t Dept. C o m p l e t e d Radar UPCOMING Production Order Products Ltd. for Paramilitary 2020 • Mu
Slide 16: Offerings
Offerings Components & MMICs Systems • Design • Design • Prototyping • Manufacturing • Testing & Qualification • Integration • Production • Testing & Qualification • Installation & Commissioning Radar Electronics I Electronic W arfare I Missiles I Telemetry I Space I Meteorology | Hydrology | Teleco
Slide 17: Product Range
Product Range Defence Space Astra has designed, • Radars • Flight Model Application developed and • Electronic Warfare • Ground based Application produced critical sub • Missile Electronics • Telemetry • INSAT MSS Terminals systems and systems • Counter-Drones for its customers for building various
Slide 18: Expertise & Capabilities of AMPL (1/2)
Expertise & Capabilities of AMPL (1/2) Radar • Design & development of Gallium Arsenide (GaAs) and Gallium Nitride (GaN) TRMs across all frequency bands VHF, UHF, L, S, C, X, Ku and Ka band with various power levels. • Design and development of all kind of radar sub-systems including power amplifier
Slide 19: Expertise & Capabilities of AMPL (2/2)
Expertise & Capabilities of AMPL (2/2) Missiles Satellites • AMPL has been supplying various key microwave sub - • Leading company in India to design, develop and supply Radio Proximity Fuze, systems for ground and space based or payload Airborne Diplexer, Transponder, transmitter, Command Guidance
Slide 20: Growing defence products opportunity
Growing defence products opportunity India's extensive modernisation plans, an increased focus o n homeland security to increase government allocation for defence expenditure along w it h Make in India focus are e x p e c t e d to drive healthy grow th in the sector. Growing Defence Budget (in Bn $)
Slide 21: Total Addressable Market
Total Addressable Market Major opportunities for AMPL of around Rs 2 4 , 0 0 0 - 2 5 , 0 0 0 C r s across all sectors till FY28. Radar Electronics I Electronic W arfare I Missiles I Telemetry I Space I Meteorology | Hydrology | Telecom 20
Slide 22: Esteemed Clientele
Esteemed Clientele Major stake in upcoming Defence Programs AAAU for Light C o m b a t AATRU FOR Uttam Aircraft ASPJ AESA Radar AAAU for AAAU for LRMFR AEW&CS Long Range Radar M e d i u m Power TRMs, BSNs, PS Radar DTRMs Radar Electronics I Electronic W arfare I Missiles I Telemetry I Space I Meteor
Slide 23: State of the Art Infrastructure
State of the Art Infrastructure Astra has advanced in-h o u s e facilities for low er turnaround t i m e for p r o d u c t realization appreciated b y domestic a n d foreign customers. Unit I Unit II Unit Ill Unit IV Unit V Bengaluru Unit Land : 1.13 Acres Land : 2.0 Acres Land : 9.9 Acres Land : 19
Slide 24: State of the Art Infrastructure
State of the Art Infrastructure Assembly Infrastructure Functional Testing Environment Testing • 4 5 0 , 0 0 0 s q . f t . o f research, design, • Near Field Test Range (NFTR) • EMI/EMC Test facility development and manufacturing across 6 • Digital Signalling • HASS/HALTChambers units • Function and
Slide 25: Strong R&D Capabilities
Strong R&D Capabilities Through its focus on R&D, the company develops innovative Total workforce (as on March designs useful for the manufacture of cost-effective Key product developments 31st, 2023) - 1,290 products. Strong track record of new product development and seamless execution leading to
Slide 26: Serving Markets Through Build To Specifications (BTS) Orders
Serving Markets Through Build To Specifications (BTS) Orders • Receipt of order from the • W ork with the customer • Realizing the product • Once the system is • Works with systems The company's strong relationship customers (such as team to specify the target using the engineering qualified by the
Slide 27: Strategy for Growth
Strategy for Growth New product development Focus on Research & Joint Ventures and Reap benefits of To accelerate growth Development Strategic alliances sectoral tailwinds Develop products in close Invest in m odern technology and Through JV or strategic alliances, By doing extensive investments to
Slide 28: Opportunities
Opportunities Various government initiatives are encouraging the industry to develop the system either through in-house development or through foreign technology tie-up. Astra in alliance with System Knowledge of its partners aims to deliver the product that m eets Government thrust o n Atma Nirbhar
Slide 29: Competitive landscape
Competitive landscape Radar Electronics I Electronic W arfare I Missiles I Telemetry I Space I Meteorology | Hydrology | Telecom 28
Slide 30: Annexure
Annexure
Slide 31: Standalone Profit & Loss
Standalone Profit & Loss PARTICULARS (Rs. In Cr) FY23 FY22 FY21 FY20 FY19 Revenue from Operations 807.3 735.0 589.2 461.6 286.2 Total Raw Material 518.7 524 418 267 159 Gross Profit 288.6 211.2 170.7 194.7 126.9 Gross Profit Margin 35.7% 28.7% 29.0% 42.2% 44.3% Employee Expenses 86.8 73 64 66 61 Oth
Slide 32: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs. In Cr) Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 EQUITY AND LIABILITIES (Rs. In Cr) Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 Non-Current Assets 228 215 202 213 222 Equity and Liabilities 653 590 561 547 503 Property, plant and equipment 165 158 150 158 176 Equity share capita
Slide 33: Subsidiaries & JV
Subsidiaries & JV • BEPL is a fully owned subsidiary of Astra Microwave • Established w it h S t a t e - of- t h e -A r t manufacturing & test facilities to m e et Global Standards. This com bined with experienced m a n power & stabilized processes ensure that the needs of various Industry Segments
Slide 34: Capabilities
Capabilities Engineering Digital System R&D Test Facilities Quality Standards Capabilities Capability • Near Field Test Range • Compliant to AS 9100D (NFTR) • Inward Inspection Research & Development 80+ R&D Manpower in • Open Air Antenna Test • In-process Inspection • Expertise in development Digit
Slide 35: Products : Defence
Products : Defence Radar Electronics Electronic Warfare Missile Electronics Telemetry • Active Antenna Array Units - L, • Command Guidance Units • Data and Video Telemetry • Antennas S,C,X,Ku-Bands • EDLVA and BLI Super • Radio Proximity Fuze transmitters, transponders, • TR Modules- V/UHF, L, S, C,
Slide 36: Products : Meterology
Products : Meterology Ground-based Products • Water Level Measurement (Bubbler/ Radar Sensor) • Agromet Meteorological Stations (AMS) • Automatic Rain Gauge (ARG) Agro-Meteorology Flood Monitoring Data Buoy 1 kW VHF TRMs: W ind Profiler • Automatic Weather Station NARL (MST Radar) Radars : NARL Stat
Slide 37: Products : Space
Products : Space Ground-based Flight Model Association Defence Satellite • Sub-systems for Multi-objec t Proud to be associated with every Programs • Sub-systems for SAR Payloads Tracking Radar • Sub-systems for major satellite launch in India. • Kautilya (EMISAT): • Coherent frequency Geostationary
Slide 38: Major Opportunities: Radar Programs
Major Opportunities: Radar Programs Bharat Electronics Indian Air Force Bharat Electronics HAL HAL Program: Product: Program: HPR Product: Program: Product : Program: U t t a m Product : Program: U t t am Product : Arudhra (MPR) Sub-Systems Mountain Radar AESA Radar (LCA AESA Radar (LCA Opportunity:
Slide 39: Major Opportunities: Radar Programs
Major Opportunities: Radar Programs DRDO Bharat Electronics ISRO Bharat Electronics DRDO Program: Space Program: UHF Program: Product: Program: Product: Product: Program: FCR Product: Product: Debris Radars Radar (2 Systems AEW&C-11 QRSAM Opportunity: Rs Opportunity: Rs Opportunity: Rs Opportunity:
Slide 40: Major Opportunities: Missiles
Major Opportunities: Missiles DRDL / BDL BDL BDL ANSP DRDL Program: ASTRA Program: Program: QR Program: NGARM Product: Product: Product: Program: SLCM Product: Opportunity: Rs Product: Opportunit y: Rs AKASH SAM Opportunity: Rs 400Cr Opportunity: Rs Opportunity: Rs 186 Cr 132 Cr Timeline: 435Cr 64Cr
Slide 41: Major Opportunities Space
Major Opportunities HAL Bharat Electronics Bharat Electronics Program: ASPJ Pod Program: EW Products Program: DR118-DST, MASS, Product: for LCA Mk 1A Opportunit y: Rs 230 Cr BIT for S u - 3 0 M k I EW Opportunity: Rs 50 Timeline: FY25-27 Opportunity: Rs 250 Cr Cr Timeline: FY24-26 Timeline: FY25-27
Slide 42: Major Opportunities Systems Special Projects
Major Opportunities Systems Indian Ar m e d Forces Indian Air Force Indian Army Indian Air Force Program: C-UAS Product: Program: W ind Product: Program: Low Product: Program: Bird Product: Opportunit y: Rs Profiler Radar & level light d e t e c ti o n & 2,000 Cr DWR W eight Radar m onitoring Radar
Slide 43: Quality certifications
Quality certifications Industry Leading Certifications Radar Electronics I Electronic W arfare I Missiles I Telemetry I Space I Meteorology | Hydrology | Telecom 42
Slide 44: Awards & Accolades
Awards & Accolades LAToT Ceremony for Excellence in Innovation, Counter-Drone System LAToT Coastal Surveillance Radar Design Technology, R&D 2021 Handing over Ceremony Aw ard for Excellence in Aerospace ELCINA EFY Aw ard for lndigenisation-2021 Business Excellence Radar Electronics I Electronic W ar
Slide 45: CSR
CSR Our Contribution towards the Society Eradicating hunger, poverty Promoting education and malnutrition Ensuring environmental Promoting gender equality sustainability Protection of national Benefit of armed forces heritage veterans Training to promote rural Contribution to the PM's sports Nationa
Slide 46: Thank You
Thank You For more information please contact: Astra Microwave Products Limited CIN No: L293091G1991PLC013203 Mr. T. Anjaneyulu, GM – Company Secretary Email id: secretarial@astramwp.com Strategic Growth Advisors Pvt Ltd. CIN No: U74140MH2010PTC204285 Shikha Puri / Dharmik Kansara Email id: shikha.p
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