AXISCADES Technologies Ltd. · NSE:AXISCADES
AXISCADES Technologies — AXISCADES Engineering Technologies — Merger or Acquisition (November 2017)
23 slides from AXISCADES Technologies's merger presentation, Nov 13, 2017
Slide 1: AXISCADES Analyst Meet
AXISCADES Analyst Meet Monday, 13th November 2017 Mumbai
Slide 2: Disclaimer
Disclaimer Certain statements in this presentation may be considered as ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially
Slide 3: AXISCADES Overview
AXISCADES Overview AXISCADES is a leading Product Engineering Solutions company. Product Engineering Solutions Concept Design | Structures Engineering System Integration | Systems Engineering Avionics | Manf Support Electronic Warfare Systems | SCM Aerospace Defence & Homeland Security Design Develo
Slide 4: Partner of Choice
Partner of Choice Preferred strategic partner Skilled Multinational teams 8 ODCs Enabling customers across 1900+ Deep-rooted transnational locations Engineers delivering 7 yrs of avg experience relationships with customer delight PhD, Mtech and BE graduates industry leaders Domain Expertise Technolo
Slide 5: Significant updates
Significant updates • Won a dedicated Offshore Development Centre contract from Airbus with expanded scope of deliverables • Signed MoU with Assystem Engineering and Operation Services SAS (France) for exploring opportunities in the Energy and Nuclear sector Business • AXISCADES expands into APAC re
Slide 6: Mistral Solutions
Mistral Solutions Proprietary and confidential data 6
Slide 7: Globally Recognized Embedded Design Company
Globally Recognized Embedded Design Company Coolest Product Most Sought- Airline Passenger of the year after gadgets Experience Award Fremont 20+ New Delhi Recognized R&D unit by the Department of Hyderabad Award Winning Bangalore Scientific and Designs Industrial 20 100+ Research 300+ Years of Desi
Slide 8: Complete Product Design & System Engineering
Complete Product Design & System Engineering 1 Complex Systems Design Consumer Mil-Aero 2 HW, SW, FPGA, RF, Mech, Testing…. 3 Miniature Design Rugged 4 5 One Stop Shop Proprietary and confidential data 8
Slide 9: Lifestyle Electronics
Lifestyle Electronics » Small footprint, power optimized designs » 50+ designs commercially deployed » Designs for a variety of silicon platforms Small Footprint Drone Dual SIM iPhone Smart Refrigerator Electronics Braille Notetaker Portable Desktop In-vehicle Infotainment Magnifier Proprietary and
Slide 10: Wearable Electronics
Wearable Electronics » Deep domain expertise in Wearable Electronics Design » Miniature Electronics with Battery Optimization » Voice & Gesture recognition Light-weight Headset AV glasses for Military Computer and Gaming Voice Activated Headset Computer Industrial Headset Computer Police and Special
Slide 11: Airborne to Internet of Things
Airborne to Internet of Things Consumer to Rugged Military Designs In-flight Entertainment Airborne Video Telemetry Industrial Gateway Smart Remote for Home Automation Wireless Video Proprietary and confidential data 11
Slide 12: Homeland Security
Homeland Security Mobile Command Centers Tethered Drones IP Mesh Radio Proprietary and confidential data 12
Slide 13: Understanding a Defence DESIGN WIN
Understanding a Defence DESIGN WIN R&D to DESIGN-WIN to PRODUCTION Need from Forces to DRDO RFP/Bids from Tech Techno-Commercial DRDO Specifications Vendors Evaluation [6-12 months] [2-3 months] [2-6 months] Complete Proto Tests & Field Trials Design & TPC & Selection of System Build & by DRDO & DPS
Slide 14: Synergies
Synergies Technology Defence offsets Customers / Industries Convergence of Mechanical Make In India and Defence Benefiting from scale, global and Embedded solutions for offset opportunities reach and partnerships complete product development Product Engineering with Address the offsets Access to glo
Slide 15: Mistral - Financials Summary
Mistral - Financials Summary Revenue – INR Mn EBITA – INR Mn 1,318 1,181 1,097 191 110 91 FY15 FY16 FY17 FY15 FY16 FY17 PAT – INR Mn Margins % 124 EBITA Margin PAT Margin 14.5% 10.0% 9.4% 62 7.7% Net Worth (INR Mn) 47 5.7% 4.0% FY15 FY16 FY17 661 716 665* *The company bought back shares from FY15 FY
Slide 16: Transaction Highlights
Transaction Highlights 1) 100% of Mistral to be acquired in phases; Entry Equity Valuation INR 1,750 Mn 2) Phase 1 • ACETL to acquire 43.38%* stake for cash consideration of Rs 701.3 Mn from current shareholders (Secondary Transaction) • Expected to close within 45 days • Transaction funding Phase 1
Slide 17: Pro forma FY17 Financials - Value Accretive Acquisition
Pro forma FY17 Financials - Value Accretive Acquisition Parameters ACETL Consolidated 1 MSPL Consolidated 1 Combined 2 (INR in Millions) (FY17 Audited Financials) (FY17 Audited Financials) (AXISCADES + MSPL) Total Income 4,990 1318 6,308 EBITDA 528 191$ 719 PAT Post Minority Interest 131 124 255 EPS
Slide 18: Shareholding - Pre & Post Transaction
Shareholding - Pre & Post Transaction Sl. No Shareholders Pre - Transaction Post – Transaction No. of Shares % No. of Shares % 1 Promoter & Promoter Group 24,945,271 66.06 24,945,271 60.45 2 Public 12,814,259 33.94 12,814,259 31.05 3 Mistral Shareholders 3,505,991 8.50 Total 37,759,530 100.00% 41,26
Slide 19: Rationale for acquisition
Rationale for acquisition • Strong capabilities in Embedded • Complementary customer base; technologies Competency opportunity to cross sell • Established DNA for R&D and Customers • Gain foothold in homeland security • Capability to create IP’s Capabilities market • Enhance our presence and custome
Slide 20: Q&A
Q&A Proprietary and confidential data 20
Slide 21: Thank You
Thank You Proprietary and confidential data 21
Slide 22: Contact Information
Contact Information For further information, please contact: Kaushik Sarkar - Chief Financial Officer Gavin Desa / Varun Divadkar AXISCADES Engineering Technologies Ltd. CDR, India Kirloskar Business Park, Block ‘C’, 2nd Floor, Hebbal, Floor 2, Motlibai Wadia Bldg, Horniman Circle, Fort, Bangalore –
Slide 23: Abbreviation and Key Terms
Abbreviation and Key Terms Key Terms Explanation Operating Margin Earning before Interest and taxes is calculated from Financial statement as per Regulation 33 of the Listing Regulations. Total Income Revenue is Total Income from operations as mentioned in Financial statement as per Regulation 33 of
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