Astra Microwave Products Ltd. · NSE:ASTRAMICRO
Astra Microwave Products — Investor Presentation (February 2024)
37 slides from Astra Microwave Products's investor presentation, Feb 8, 2024
Slide 1: Astra Microwave Products Limited - Investor Presentation Intimation Letter
ASTRA MICROWAVE PRODUCTS LIMITED Regd. Office: ASTRA Towers, Survey No. 1 2(P), Kothaguda Post Koridapur, HITEC City, Hyderabad, Telangana. INDIA - 500084 Tel: +91 40 46618000, 46618001. Fax: +91 4046618048 Email : mktg@astramwp.com , website : www.astramwp.com February 8, 2024 ON: L29309TG1 991 PLC
Slide 2: On A Winning Wavelength - Investor Presentation February 2024
On A Winning Wavelength Investor Presentation – February 2024
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: Consolidated Performance Highlights
Performance Highlights Margins Revenue (Rs. Cr) EBITDA (Rs. Cr) PAT (Rs. Cr) 24.2% 29.1% 21.5% 20.5% 13.8% 18.3% 11.7% 11.3% Standalone 551 552 118 113 64 63 42 67 219 230 53 30 Q3FY23 Q3FY24 9MFY23 9MFY24 Q3FY23 Q3FY24 9MFY23 9MFY24 Q3FY23 Q3FY24 9MFY23 9MFY24 Revenue (Rs. Cr) EBITDA (Rs. Cr) PAT (
Slide 5: Robust Order Book
Robust Order Book Total orders received during the quarter Segment Wise Order book Sno Segment Name Amount (Rs. Cr) Orderbook Diversified 15% 1 Defence 153.70 4% 2 Exports 95.32 11% Rs. 1,813 Cr Defence/Public 3 Space 3.12 Space 4 Meteorological 5.17 70% Meteorological Exports TOTAL 257.30 (Rs. in C
Slide 6: Segmental Revenue Break-up
Segmental Revenue Break-up Revenue Break-up in % Q3FY24 Q2FY24 Q1FY24 Q4FY23 Q3FY23 Defence 72.2% 48.2% 37.0% 39.8% 65.3% Space 6.1% 2.7% 2.0% 2.1% 0.3% Exports including Deemed Exports 20.3% 47.5% 59.8% 54.6% 31.5% Meteorological 0.7% 1.0% 0.8% 3.0% 2.4% Others 0.7% 0.6% 0.4% 0.5% 0.5% 0.7% 0.6% 20
Slide 7: Standalone Profit & Loss
Standalone Profit & Loss (Rs. In Cr) Q3FY24 Q3FY23 YOY Q2FY24 QoQ 9MFY24 9MFY23 YOY Revenue from Operations 229.8 218.9 5.0% 189.0 21.6% 551.7 550.9 0.1% Raw Material Consumption 122.7 128.9 111.0 329.9 335.3 Gross Profit 107.1 90.0 19.0% 78.0 37.3% 221.8 215.7 2.9% Gross Profit Margin 46.6% 41.1% 5
Slide 8: Company Overview
Company Overview
Slide 9: Astra Microwave: An Overview
Astra Microwave: An Overview Astra is engaged in the business of designing, developing and manufacturing of Defence, Aerospace & Space Electronics systems, sub-systems and components • Astra Microwave incorporated in 1991 is one of the few private sector companies in India that: Key projects partici
Slide 10: Strong Sectoral Tailwinds
Strong Sectoral Tailwinds Healthy Order Book Order Book worth Defence spend in India has received a 01 mega boost Rs. 1,813 (Dec-23) Sound visibility of revenues: Order book as on Dec-23 is 2x of revenue of FY23 Government of India's Atma Nirbhar 02 Bharat initiatives AMPL has a proven track record
Slide 11: Board of Directors
Board of Directors Managing Director Joint Managing Director Mr. S. Gurunatha Reddy Dr. Maram Venkateshwar Reddy • Graduate in Science and Mathematics and Fellow Chartered Accountant. • Graduate in Engineering (Electronics) and a Postgraduate in Business Administration. • Worked in private sector in
Slide 12: Key Team Members
Key Team Members T.N. Ramesh Chandrakanth LGM Prakasam M Pravin GM – Production Sr. GM – Marketing VP - Radar Systems VP - Design (EW) & Sales GR Shinde Balachary V Sudhakar Dr. P Srinivasulu Sr. GM – Design GM - Antenna Associate VP - Sr. GM - Design Design Design L Sudhakar V Venkatesh CV Rao S Na
Slide 13: Journey so far
Journey so far Entered Radar Pulsed Phased Array Offset Production Systems 7.3 M Telemetry Tracking Radar 2010 2015 System (PPTR) Commissioned 07 08 Upcoming 2022 Delivery Space Electronic Sub- Radar & Strategic systems 17 Delivered Phased 15 16 Telecom Electronics 2003 Array Telemetry Subsystems 19
Slide 14: Strong research and development capabilities
Strong research and development capabilities Dedicated research and development facility in Bengaluru with modern equipment and Total workf orce (as of D e c e m b e r in Hyderabad at Unit-III & Unit-IV 31st, 2 0 2 3 ) – 1,439 567 R&D professionals, out of which over 103 • Participating in multiple
Slide 15: State of the Art Infrastructure
State of the Art Infrastructure Astra has advanced in-hous e facilities for lower turnaround t i m e for produc t realization appreciated b y domestic a nd foreign customers. Hyderabad, Telangana Karnataka Unit I Unit II Unit Ill Unit IV Unit V Bengaluru Unit Land : 1.13 Acres Land : 2.0 Acres Land
Slide 16: Assembly Infrastructure
Assembly Infrastructure Fully automated Assembly facility consisting of 3 Automatic SMT assembly lines with high end testing capabilities that 01 include AOI, 3D X Ray, and functional test using Flying probe tester. 450,000 sq.ft. of research, design, development and 02 manufacturing across 6 units
Slide 17: Functional Testing
Functional Testing 01 Near Field Test Range (NFTR) 02 Digital Signaling 03 Function and pulse generators FFTR ATE ATS - Facility 04 Open air antenna test range Spectrum Analyzers, Vector Network Analyzer, 05 Signal generator, RF power meter 06 Distortion Analyzer 07 ATE-ATS facility Op e n Air Anten
Slide 18: Functional Testing
Functional Testing EMI/EMC Test Facility as per MIL STD 461C/D/E/F 01 (NABL) 02 HASS/HALT Chambers Environment Chambers (-65degC to +175degC; 03 98% RH) EMI-EMC Test Environmental Chamber Vibration/ Shock Testing tables, Bump Test 04 M/c’s 05 Weiss Chamber 06 Power Quality Tests as per MIL STD 704 D
Slide 19: Product Range
Product Range Astra ha s designed, d e v e l o p e d a n d p r o d u c e d c r i t i c a l s u b syst ems a n d systems for its c u s t o m e r s for building various airborne, naval a n d ground b a s e d p l a t f o r m s Radar, Missile E l e c t r oni c s , E l e c t r oni c Warfare, Satellites,
Slide 20: Radar Electronics: Up to Ka band
Radar Electronics: Up to Ka band Homeland security • Counter UAV Radar – Drishti • Perimeter Intrusion Detection Radar • C-UAS System Design & Development of complete Active Array Antenna Unit (AAAU) hardware, Signal Processing & Radar Data Processing for AESA Multi- Function Radar The Ka-band elect
Slide 21: Electronic Warfare: Up to Ka band
Electronic Warfare: Up to Ka band Electronic Warfare Supplying various kind of EW sub systems and components to DPSUs and to the programs of Indian Airforce, Indian Navy and Indian Army. Also associated with Strategic Electronics Jammer's program of LCA Mk1A, Su-30 MKI and other fighter platforms in
Slide 22: Telemetry
Telemetry Supplying various sub- systems for Telemetry applications such as S- Band FM Transmitter Airborne RF Trans receiver, Ground Up Down Converters, C & S band switch antenna systems, Telemetry Tracking Systems etc. Supplying telemetry sub- systems to LCA and Intermediate Jet Trainer (IJT) airc
Slide 23: Space
Space Ground Application Designs, develops and manufactures components and sub-systems used in ground-based modules and S- level (on-board) modules. Astra have been among the key players for the development of sub-systems for India’s Radar Satellite & Geosynchronous Satellite program, Resourcesat, M
Slide 24: Build To Specifications
BTP vs BTS The company's strong relationship with large corporations builds its brand equity and helps it in establishing itself as a prime contractor for large and longer-term programs in the marketplace. AMPL works on high-value complex projects awarded by companies. Build To Specifications o Rece
Slide 25: Strategy for Growth
Strategy for Growth New product development To accelerate growth • Develop products in close association with government research organizations for defence and space. • Gol has introduced policy measures promoting Indigenous shipbuilding. • Grow business by producing new and innovative products. • E
Slide 26: Growing defence products opportunity
Growing defence products opportunity India's extensive modernisation plans, an increased focus on homeland security to increase government allocation for defence expenditure along w i t 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 27: Total Addressable Market
Total Addressable Market Major o p p o r t u n i t i e s for AMPL of around Rs 2 4 , 0 0 0 - 2 5 , 0 0 0 C r s across all sectors t i l l FY28. Radar Electronics I E l e c t r o n i c Warfare I Missiles I Te l e m e t r y I Space I Meteorology | Hydrology | Telecom 26
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. Wide Array of Astra in alliance with System Knowledge of its partners aims to deliver the pr oduct that meets Government thrust o
Slide 29: Subsidiaries & JV
Subsidiaries & JV Overview • BEPL is a fully owned subsidiary of Astra Microwave • Established with State-of-the-Art manufacturing & test facilities to meet Global Standards. This combined with experienced manpower & stabilized processes ensure that the needs of various Industry Segments can be met
Slide 30: Esteemed Clientele
Esteemed Clientele Major stake in upcoming Defence Programs Light AAAU for AATRU Combat Uttam FOR ASPJ Ai r c r a ft AESA Radar AAAU for AEW&CS AAAU for LRMFR Medium Pow er Radar DTRMs L o n g Range Radar TRMs, BSNs, PS Radar Electronics I E l e c t r o n i c Warfare I Missiles I Te l e m e t r y I
Slide 31: Quality certifications
Quality certifications Industry Leading Certifications Radar Electronics I E l e c t r o n i c Warfare I Missiles I Te l e m e t r y I Space I Meteorology | Hydrology | Telecom 30
Slide 32: 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 E l e c t r o n
Slide 33: 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 34: Historical Financials
Historical Financials 33
Slide 35: Standalone Profit & Loss
Standalone Profit & Loss PARTICULARS (Rs. In Cr) FY23 FY22 FY21 FY20 FY19 Revenue from Operations 807 735 589 462 286 Total Raw Material 519 524 418 267 159 Gross Profit 289 211 171 195 127 Gross Profit Margin 35.7% 28.7% 29.0% 42.2% 44.3% Employee Expenses 87 73 64 66 61 Other Expenses 52 51 42 45
Slide 36: 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 37: Thank You
Thank You For more information please contact: Company: Astra Microwave Products Limited CIN No: L293091G1991PLC013203 Mr. T. Anjaneyulu, GM – Company Secretary Email id: secretarial@astramwp.com Investor Relations Advisors: Strategic Growth Advisors Pvt Ltd. CIN No: U74140MH2010PTC204285 Shikha Pur
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