Slide 1: Result presentation filing letter to exchanges
May 21, 2024 The Manager The Manager Listing Department Listing Department BSE Limited The National Stock Exchange of India Limited Phirozee Jeejeebhoy Tower, Exchange Plaza, 5 Floor, Plot C/1, G Block Dalal Street Bandra – Kurla Complex, Bandra(E), Mumbai 400 001 Mumbai 400 051 BSE Scrip Code: 5323
Slide 2: Q4 & FY24 Earnings Presentation
AXISCADES TECHNOLOGIES LIMITED Q4 & FY24 EARNINGS PRESENTATION
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by AXISCADES Technologies Limited (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: Message from CEO & Managing Director
Message from CEO & Managing Director “FY24 was another landmark year for the Company, in its journey to be at the forefront of best-in-class engineering and technology solutions, and at the same time, deliver a sustainable and profitable business performance to all its stakeholders. I am pleased to
Slide 5: Message from CEO & Managing Director
Message from CEO & Managing Director “The financial year 2024 was a momentous year for the Company, in which we successfully concluded a qualified institutional placement, made two acquisitions, acquired new logos, strengthened our strategic relationship with several OEMs and strategic customers, ha
Slide 6: Key Highlights: Financial Highlights
Key Highlights FINANCIAL HIGHLIGHTS Q4 FY24 • Revenue from Operations of Rs. 256 crores for the quarter; grew by 14% YoY • Revenue in $ terms for the quarter stood at $ 31 Mn; growth of 11% YoY • EBITDA for the quarter at Rs. 32 crores; grew by 3% YoY, grew by 10% QoQ • EBIDTA Margins stood at 12.7%
Slide 7: Key Highlights: Business Highlights
Key Highlights BUSINESS HIGHLIGHTS • Engineering services revenue grew 21% to Rs.694 crores with robust growth in Aerospace, Automotive and Energy, despite softness in Heavy Engineering and Product Engineering Services • Revenue from new customer logos grows to Rs.69 crores, a growth of 5 Times over
Slide 8: AXISCADES Overview
AXISCADES Overview AXISCADES is a Technology Company focusing on Product Engineering Solutions, serving Global OEMs Aerospace DESIGN MANUFACTURING Energy • Design & Analysis - Primary & • Avionics, Radar/EW, C4I2 Secondary Structures, Aircraft • Automated Test Solutions Interiors • Simulators, UAVs
Slide 9: Aerospace
Aerospace Key Highlights: Segment Growth • Good performance in FY24 backed by increasing our share of +27% wallet from existing clients with large deal win from previous 285 year 225 • Secured a large OEM deal of $ 18 Mn which is to be executed in next 5 years • New areas of service include manufact
Slide 10: Automotive
Automotive Key Highlights: Segment Growth • Large engagement with UK based automotive OEM with +197% >$1M in less than 1 year of customer acquisition. Further diversified customer base with various OEM’s and tier 1’s 103 • Completed acquisition of Add-solution, Germany with 44 capabilities in EDS, H
Slide 11: Defense
Defense Key Highlights: Segment Growth • Significant increase in production revenues from design wins +8% of prior years resulting in >25% margins on these executions 258 238 • New pipeline additions across various Defense programs 38 ranging from aerospace to radar 112 • INR 272 Cr in executable pr
Slide 12: Energy
Energy Key Highlights: Segment Growth • Our organic business grew 16% backed by our deepening +79% relationships with our customers across the energy spectrum 33 • With the addition of EPCOGEN capabilities, we now cater to very large and diverse customer base which is open to be 11 mined in the comi
Slide 13: Semiconductors
Semiconductors Key Highlights: Segment Growth • Although FY24 has seen a marginal decline in our -2% semiconductor business, the engine behind this – our Product Engineering Services has seen several significant 128 125 developments 56 58 • Revenue decline due to inventory buildup at customer end le
Slide 14: Heavy Engineering
Heavy Engineering Key Highlights: Segment Growth • During FY24 Heavy Engineering vertical witnessed a de- growth of 11% year-on-year mainly due to macro-economic -11% factors 170 152 • We are restructuring our business to capitalize on the opportunities and the deep expertise we have with one of the
Slide 15: Key Financial Performance
Key Financial Performance in INR crores Revenue from Operations EBIDTA & EBITDA Margin PAT & PAT Margin 17% 14% -1% 3% +17% -5% 952 138 130 33 814 13 FY24 +5% 124* -5 FY23 FY24 FY23 FY24 FY23 FY24 Revenue from Operations EBITDA & EBITDA Margin PAT & PAT Margin 20% 13% 7% 3% +15% -27% -44% 256 44 16
Slide 16: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (in INR Cr.) Q4 FY24 Q4 FY23 YoY % Q3 FY24 QoQ % FY24 FY23 YoY % Operating Revenue ($ Mn) $ 31.0 $ 27.7 12% $ 28.2 10% $116.1 $101.8 14% Revenue 256 223 15% 231 10% 952 814 17% Other Income 6 4 2 13 14 Total Revenue 261 227 15% 234 12% 965 828 17% EBI
Slide 17: Revenue Bridge
Revenue Bridge in INR crores 10 -3 -18 952 19 70 814 61 Revenue FY23 Aerospace Automotive Defence Energy PES Heavy Eng Revenue FY24 • Significant run rate increase in Aerospace & Automotive space driving the revenue growth in FY24 • 188% increase in Defense production revenues during the year • Heav
Slide 18: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Particulars (in INR Cr.) Mar-23 Mar-24 Particulars (in INR Cr.) Mar-23 Mar-24 Assets Equity and Liabilities Non-Current Assets Equity Property, Plant and Equipment 57 69 Equity Share Capital 19 21 Capital Work-in-progress - - Other Equity 319 564 Right-of-use Ass
Slide 19: Key Financial Metrics
Key Financial Metrics in INR crores Cash flow from Operations Cash and Cash Equivalents Capital Expenditure 79 153 20 71 105 100 14 11 31 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 Free Cash Flows Gross Debt Net Debt 60 59 314 214 238 86 18 49 -57 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 AXISC
Slide 20: Operational Performance: Revenue by Vertical and Geography
Operational Performance REVENUE BY VERTICAL Q4 FY23 Q3 FY24 Q4 FY24 QoQ YoY FY23 FY24 YoY AEROSPACE 28% 33% 31% 5% 29% 28% 30% 27% AUTOMOTIVE 5% 14% 11% -18% 132% 4% 11% 197% ENERGY 2% 3% 6% 111% 202% 2% 3% 79% HEAVY ENGINEERING 18% 16% 14% 2% -9% 21% 16% -11% PRODUCT ENGINEERING 13% 13% 9% -22% -19
Slide 21: Operational Performance: Revenue Mix
Operational Performance REVENUE MIX 24% 25% 29% FY22 FY23 FY24 71% 75% 76% Onsite Offshore REVENUE BY PROJECT TYPE 33% 38% 46% FY22 54% FY23 FY24 62% 67% Fixed Price Time and Material AXISCADES Technologies Limited 20
Slide 22: Employee Statistics
Employee Statistics KEY TAKEAWAYS TOTAL HEADCOUNT ❖ 18% growth on a total basis, 10% organic. ❖ 14.5% growth in digital and embedded resources indicating the company’s focus on growing in house digital capabilities. 3,114 3,131 ❖ Attrition rates lowered in FY24 driven by various employee 2,651 engag
Slide 23: Digital Initiative
Digital Initiative Digital Process & Tools Internal Automation o Agile process of development including tools & environment – o Focused on Aerospace - our stronghold JIRA & Confluence, DevOps, Digital Lab etc. o OEM Design Filter Automation – improved process efficiency o Digital Infrastructure – Ce
Slide 24: Shareholding Pattern as on March'24
Shareholding Pattern as on March’24 SHAREHOLDING PATTERN 30.8% 60.3% 8.6% 0.4% Promoter FII DII Public AXISCADES Technologies Limited 23
Slide 25: Thank You
COMPANY : AXISCADES Technologies Limited CIN : L72200KA1990PLC084435 Mr. Teni Thomas (Head – M&A, Strategy & Business Performance) Email: teni.thomas@axiscades.in www.axiscades.com INVESTOR RELATIONS ADVISORS : Orient Capital (a division of Link Group) Mr. Irfan Raeen Mr. Sumeet Khaitan +91 97737 78