Apollo Micro Systems Ltd. · NSE:APOLLO
Apollo Micro Systems — Q4 FY25 Earnings Presentation
45 slides from Apollo Micro Systems's earnings presentation, May 23, 2025
Slide 1: Exchange filing cover letter for investor presentation
Date: 23rd May, 2025 BSE Limited, National Stock Exchange of India Ltd., Department of Corporate Services Listing Department Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Mumbai – 400 001 Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Scrip Code: 540879 Symbol: APOLLO IS
Slide 2: A Landmark Fiscal Year
APOLLO MICRO SYSTEMS LTD ee A A’ Landmark Fiscal Year Delivering Our'Stramgest Performance Yet “das ¥% PALL BSE: 540879 NSE: APOLLO 1
Slide 3: Disclaimer
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Apollo Micro Systems Ltd (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation, directly or indirectly, in any manner, or induce
Slide 4: Contents
CONTENTS • Our Journey • Recent Acquisition • Our Vision and Mission • What Sets us Apart • Organizational Structure • Public Sector Collaboration/ • Legacy of Trust & Vision for Partnership Atmanirbhar Bharat • Delivering on Every Promise • Who we are? • Financial Highlights and Results • Business
Slide 5: Our Journey
OUR JOURNEY Incorporated AMS Started Offering Started Offering Converted to First Indigenous Pay- First Pvt Launched First Developmental Proprietary Indigenous On-Board Pvt Ltd Load Checkout System is Company Telemetry Model of Expendable Company offering Processor Boards Systems for Company. suppli
Slide 6: Our Vision and Mission
OUR VISION AND MISSION To emerge as a world-class company and a unique solution provider with total solution under one roof Convert your Concepts into Reality 5 Investor Presentation May 2025 | APOLLO MICRO SYSTEMS LIMITED
Slide 7: Organisational Structure as a Group
ORGANISATIONAL STRUCTURE AS A GROUP Ananya SIP RF Apollo Defence Technologies Industries Private Private Limited Limited (ADIPL) Ananya SIP RF Technologies Apollo Defence Industries Private Private Limited is a subsidiary of Limited, incorporated on Apollo Micro Systems Limited September 21st 2023,
Slide 8: Legacy of Trust, Vision for Atmanirbhar Bharat
LEGACY OF TRUST, VISION FOR ATMANIRBHAR BHARAT Revenue D/E 29% CAGR 0.3 Average 5 years 2021-2025 2021-2025 EBITDA EBITDA Margin 35% (ex Other Income) 21% (ex Other Income) CAGR 2021-2025 2021-2025 PAT 53% CAGR 2021-2025 7 Investor Presentation May 2025 | APOLLO MICRO SYSTEMS LIMITED
Slide 9: Who We Are
Apollo Micro Systems Limited (AMS), established in 1985 and headquartered in Hyderabad, is a leading provider of high-performance, mission- critical solutions for the defence sector. The company specializes in electronic, electromechanical, and engineering design, along with the manufacturing and su
Slide 10: Business Model Canvas
Key Partners Cost Strategic Structure Suppliers R&D and Testing costs vary based PSUs/ on product mix & Private Cos is substantial Semiconductors Finance are imported, Institution including from Texas Instruments, DRDO ST, DDC etc. Key Value Proposition Key Customer Revenue Stream Channels Activitie
Slide 11: Fortifying Our Product Profile in Munitions (1/2)
FORTIFYING OUR PRODUCT PROFILE IN MUNITIONS (1/2) The existing portfolio includes complete weapon systems that have either achieved qualification or are in advanced stages of the qualification process Underwater Mines Underwater Moored Mines Anti Submarine warfare Limpet Mines Rockets Medium Range A
Slide 12: Fortifying Our Product Profile in Munitions (2/2)
FORTIFYING OUR PRODUCT PROFILE IN MUNITIONS (2/2) Awarded Transfer of Technology (TOT) by the Defence Research and Development Organisation (DRDO) in Explosive ESAD based Fuze for Mini Depth Charge (MDC) Exploder Mechanism for Naval Warheads Prachand Munition Hardware Warheads for Ulpgm- V2 (UAV Lau
Slide 13: Application of Products and Services Offerings (1/2)
APPLICATION OF PRODUCTS AND SERVICES OFFERINGS (1/2) GROUND DEFENCE AVIONICS 12 Investor Presentation May 2025 | APOLLO MICRO SYSTEMS LIMITED
Slide 14: Application of Products and Services Offerings (2/2)
APPLICATION OF PRODUCTS AND SERVICES OFFERINGS (2/2) 13 Investor Presentation May 2025 | APOLLO MICRO SYSTEMS LIMITED
Slide 15: Our Marquee Clientele (1/2)
OUR MARQUEE CLIENTELE (1/2) We largely caters to/collaborates with the Ministry of Defence, Government controlled Public Sector Undertakings and Private Sector clients. 14 Investor Presentation May 2025 | APOLLO MICRO SYSTEMS LIMITED
Slide 16: Our Marquee Clientele (2/2)
OUR MARQUEE CLIENTELE (2/2) We largely caters to/collaborates with the Ministry of Defence, Government controlled Public Sector Undertakings and Private Sector clients. And many more 15 Investor Presentation May 2025 | APOLLO MICRO SYSTEMS LIMITED
Slide 17: Certificates
CERTIFICATES AMS is ISO 9001:2015 & CEMILAC (Centre for Military Airworthiness & Certification) certified Organization. 16 Investor Presentation May 2025 | APOLLO MICRO SYSTEMS LIMITED
Slide 18: Greenfield and Brownfield Expansion
GREENFIELD AND BROWNFIELD EXPANSION 55,000 sq ft, Hyderabad 40,000 sq ft, Hyderabad, 3,50,000 sq ft, Hyderabad, IDA Mallapur , Unit-I Adibat la , Unit- II Hardw are Park -II, Unit- III Our manufacturing units are located in Hyderabad with its lab area confirming electrostatic discharge requirements
Slide 19: Our Dedicated R&D
OUR DEDICATED R&D Our dedicated R&D team, comprising experienced engineers with core expertise in embedded hardware and software development, plays a pivotal role in our strategy. 10% Their extensive knowledge spans Aerospace, Avionics, 9% 9% Space, Naval, On-Board Systems, and Ground Support 8% 8%
Slide 20: Markets with Macro Tailwinds (1/4)
MARKETS WITH MACRO TAILWINDS PROVIDE CONSIDERABLE GROWTH OPPORTUNITIES (1/4) India’s defence production has grown at an extraordinary pace since the launch of the "Make in India" initiative, reaching a record ₹1.27 lakh crore in FY 2023-24, with defence exports rising to an all-time high of ₹23,622
Slide 21: Markets with Macro Tailwinds (2/4)
MARKETS WITH MACRO TAILWINDS PROVIDE CONSIDERABLE GROWTH OPPORTUNITIES (2/4) Catalyst: Notable Government Policies Positive Indigenisation Lists (PILs) • The Department of Defence Production (DDP) and the Department of Military Affairs (DMA) have issued five Positive Indigenisation Lists (PILs) for
Slide 22: Markets with Macro Tailwinds (3/4)
MARKETS WITH MACRO TAILWINDS PROVIDE CONSIDERABLE GROWTH OPPORTUNITIES (3/4) The explosive market size is expected to see strong growth in the next few years. It will grow to $9.37 billion in 2029 at a compound annual growth rate (CAGR) of 8.8%. The surge in government spending on the defense sector
Slide 23: Markets with Macro Tailwinds (4/4)
MARKETS WITH MACRO TAILWINDS PROVIDE CONSIDERABLE GROWTH OPPORTUNITIES (4/4) • A surge in global demand for explosives and ammunition, fed by ongoing conflicts in Europe and West Asia, has resulted in record Indian defence exports, with the figure crossing ₹23,622 crore in 2024-25. • State-owned def
Slide 24: Our Participation in Defence Programs
OUR PARTICIPATION IN DEFENCE PROGRAMS Company has its participation in several Indigenous Defence Programmes and these solutions are qualified to be a part of supply chain in production phase under DcPP. Participation in 150+ indigenous programmes . Air to Surface Nuclear submarine: Hypersonic techn
Slide 25: Recent Acquisition - Unlocking Value
RECENT ACQUISITION- UNLOCKING VALUE Apollo Defence Industries Pvt Ltd (ADIPL), a subsidiary of Apollo Micro Systems Ltd, has The acquired entity possesses a substantial Driving Margin Expansion through Cost entered into a Share Purchase Agreement to acquire 100% equity stake in IDL Explosives Ltd la
Slide 26: What Sets Us Apart (1/3)
WHAT SETS US APART (1/3) Backward and forward Entering production integration enabled through unlocks economies of greenfield and brownfield 1. 2. scale expansions, along with a recent acquisition Significant market share APOLLO in development of MICRO Strong Order Weapon System and 6. SYSTEMS 3. Bo
Slide 27: What Sets Us Apart (2/3)
WHAT SETS US APART (2/3) Growing R&D as a % of Organically and revenue in 7. 8. Inorganically FY25 stood at 6% Advancing APOLLO from a Tier 2/3 MICRO Diversification of to Tier 1 SYSTEMS 9. sectors, clients 12. supplier LTD (AMS) and geographies Participation in Presence in niche complex Tenders pro
Slide 28: What Sets Us Apart (3/3)
WHAT SETS US APART (3/3) 16. Hold a strategic advantage in the naval domain, with a strong presence across all 15. Only publicly listed Tier-1 indigenously developed electronics designer with Torpedo programs varied technological spectrum of Weapon 14. electronics for missile systems First Company t
Slide 29: Public Sector Partnerships: Driving Mutual Growth
PUBLIC SECTOR PARTNERSHIPS: DRIVING MUTUAL GROWTH Approved As a trusted MoU partner to Signed MoU Collaborative Participation in partner of DRDO, with Munitions GRSE for joint R&D Partner for 60+ programmes we play key role India Ltd for development and Bharat of DcPP as sub- in various active ident
Slide 30: Delivering on Every Promise
DELIVERING ON EVERY PROMISE Topline Growth of 45%-50% Achieved Topline Growth of 51% Achieved EBITDA Margin* 24% EBITDA Margin* 22%-23% * Includes Other Income 29 Investor Presentation May 2025 | APOLLO MICRO SYSTEMS LIMITED
Slide 31: Financial Highlights - Q4FY25
FINANCIAL HIGHLIGHTS- Q4FY25 (All Figures in Millions) Revenue from Operations EBITDA (ex Other Income) Profit After- Tax (PAT) 1650.0 1617.7 379.6 200.0 182.4 400.0 359.9 1600.0 350.0 1550.0 287.4 150.0 139.6 1483.9 300.0 129.3 1500.0 250.0 1450.0 200.0 100.0 1400.0 1354.4 1350.0 150.0 1300.0 100.0
Slide 32: Financial Highlights - Historical
FINANCIAL HIGHLIGHTS- HISTORICAL (All Figures in Millions) 6000.0 Revenue from Operations 5620.7 EBITDA (ex Other Income) PAT 1400.0 1292.1 5000.0 1200.0 4000.0 3716.3 1000.0 838.7 2975.3 800.0 3000.0 2459.0 2431.9 640.9 2030.7 600.0 563.6 486.7 455.2 2000.0 385.3 400.0 311.1 1000.0 146.2 187.4 200.
Slide 33: Consolidated Income Statement - Q4FY25 and FY25
CONSOLIDATED INCOME STATEMENT- Q4FY25 AND FY25 Particulars (Rs in Mn) Q4FY25 Q3FY25 QoQ Q4FY24 YoY FY25 FY24 YoY Revenue from Operations 1617.7 1483.9 9% 1354.4 19% 5620.7 3716.3 51% Other Income 7.3 9.8 8.6 28.9 18.3 Total Revenue 1625.0 1493.7 9% 1363.0 19% 5649.5 3734.6 51% Total Expenses except
Slide 34: Consolidated Income Statement - Historical
CONSOLIDATED INCOME STATEMENT - HISTORICAL Particulars (Rs in Mn) FY20 FY21 FY22 FY23 FY24 FY25 Revenue from Operations 2459.0 2030.7 2431.9 2975.3 3716.3 5620.7 Other Income 16.0 6.4 7.6 8.2 18.3 28.9 Total Revenue 2475.0 2037.1 2439.5 2983.5 3734.6 5649.5 Total Expenses except Depreciation, Amorti
Slide 35: Consolidated Balance Statement - Historical
CONSOLIDATED BALANCE STATEMENT - HISTORICAL Key Balance Sheet Items(Rs in Mn) FY20 FY21 FY22 FY23 FY24 FY25 Equity Share Capital 207.6 207.6 207.6 207.6 282.4 306.5 Reserves 2751.6 2851.7 2992.7 3634.4 4909.8 5769.2 Borrowings 132.0 162.2 1157.8 1436.5 2080.4 3353.5 Other Liabilities 990.7 1313.2 35
Slide 36: Consolidated Cashflow Statement - Historical
CONSOLIDATED CASHFLOW STATEMENT - HISTORICAL Particulars (Rs in Mn) FY20 FY21 FY22 FY23 FY24 FY25 Cash Flow From Operating Activities 469.1 73.8 431.8 -162.9 -784.9 112.7 Cash Flow From Investing Activities -186.9 -238.6 -243.0 -347.6 -587.9 -952.4 Cash Flow From Financing Activities -360.3 165.1 -1
Slide 37: Update on Corporate Actions
UPDATE ON CORPORATE ACTIONS CAPEX WORKING CAPITAL CYCLE • Unit 2 is scheduled to commence manufacturing operations in • Working capital cycle days are expected to reduce Q2 FY26. by approximately 100–120 days from FY27 • Unit 3 will be developed in phases, with Phase 1 expected to onwards, as severa
Slide 38: Ready to Serve the Country
READY TO SERVE THE COUNTRY We anticipate a sharp increase in AMS’s internal demand for explosives and propellants as several of our matured munition platforms will be entering large-scale production, including: Underwater Mines Anti-Submarine Warfare Rockets Short- and Medium-Range Rockets Other Cri
Slide 39: Grateful for the Opportunity and Proud to Contribute
GREATFUL FOR THE OPPORTUNITY AND PROUD TO CONTRIBUTE • DRDO & Indian Navy conduct combat firing (with reduced explosive) of indigenous Multi-Influence Ground Mine. • Other nations that have developed seabed mines similar to DRDO’s MIGM include the United States, Russia, China, and Italy. With this a
Slide 40: Strategy for the Future Growth
STRATEGY FOR THE FUTURE GROWTH Apollo Micro Systems Limited aims to strengthen its R&D foundation to drive innovation and develop cutting-edge technologies in defence and strategic electronics. Our strategy focuses on moving up the value chain to become a global Original Equipment Manufacturer (OEM)
Slide 41: Management Commentary
MANAGEMENT COMMENTARY In our analysis of the quarterly and full-year performance for Q4 FY25 and FY25, we achieved a revenue growth of 19%, reaching ₹ 1,617.7 Mn in Q4FY25 compared to ₹ 1354.4 Mn in Q4FY24. This change can be largely attributed to execution of order book and . Our EBITDA (excluding
Slide 42: Successful Response in the Aeroshow
SUCCESSFUL RESPONSE IN THE AEROSHOW Aero India is a premier event in the aerospace and defense industry, and our participation aligns with our strategic goals. It provides an excellent platform to showcase our products, engage with key stakeholders, and strengthen business partnerships. We have sign
Slide 43: Setting the Record Straight
SETTING THE RECORD STRAIGHT Dilution of Equity– All equity dilution to date has been undertaken strategically and deployed prudently. The current dilution is aimed at reinvesting into the business, particularly to capitalize on the favorable growth outlook in the defence sector. On High Working Capi
Slide 44: Skin in the Game / Leadership
SKIN IN THE GAME/ LEADERSHIP- LED WITH LONG TERM COMMITMENT He founded Apollo Micro Systems in 1985 and He is an Engineer with 24 years of experience He is a Post Graduate in Electronics. He handles has been instrumental in driving innovation in in Sales & Marketing, Administration & Design & Develo
Slide 45: Thank You
For Further Information On The Company Please Visit: www.apollo-micro.com https://x.com/apollo_micro?t=ciDytB8PmvlekKn28EYOGQ&s=08 Thank You Regd. Off: Plot No 128/a, Road No. 12, Bel Road Ida Mallapur, Uppal Mandal Hyderabad Rangareddi Tg 500076 CIN: L72200TG1997PLC026556 | Email: Investors.relatio