Amber Enterprises India Ltd. · NSE:AMBER
Amber Enterprises India — Q2 FY2025 Earnings Presentation
25 slides from Amber Enterprises India's earnings presentation, Oct 22, 2024
Slide 1: Stock exchange filing cover letter
www.ambergroupindia.com Date: 22 October 2024 To To Secretary Secretary Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Department of Corporate Services Phiroze Exchange Plaza, Bandra Kurla Complex, Jeejeebhoy Towers Dalal Street, Mumbai – 400 001 Mumbai –
Slide 2: Driving Transformation. Strengthening the Future. Q2FY25 Result Presentation
Amber Enterprises India Limited Driving Transformation. Strengthening the Future. . Q2FY25 Result Presentation Oct 2024
Slide 3: Key Highlights
Key Highlights Financial Highlights (Consolidated) Q2FY25 Revenue: Rs 1,685 Cr grew by 82% YoY, and Operating EBITDA: Rs 120 Cr grew by 85% H1FY25 Revenue: Rs 4,086 Cr grew by 55% YoY, and Operating EBITDA: Rs 320 Cr grew by 58% Ascent Circuit Expansion Groundbreaking ceremony for new PCB plant in H
Slide 4: Q2 and H1 FY25 Consolidated Performance
Q2 and H1 FY25 Consolidated Performance Amount in Rs Cr REVENUE^ EBITDA# OPERATING EBITDA* PAT 82% 82% 85% - 7.8% 7.1% Q2 FY25 7.8% 7.0% 1,685 21 132 120 927 72 65 (6) Q2FY24 Q2FY25 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Q2FY24 Q2FY25 REVENUE^ EBITDA# OPERATING EBITDA* PAT 55% H1 FY25 56% 58% 134% 8.5% 8.5% 7.
Slide 5: Consolidated Operating EBITDA & Revenue Build-up
Consolidated Operating EBITDA & Revenue Build-up Amount in Rs Cr REVENUE* (Excl. other income) OPERATING EBITDA** Q2 FY25 124 1,685 492 21 120 1,069 37 62 Consumer Electronics Railway Sub- Total Consumer Electronics Railway Sub- Total Durables Division* Division* systems & Durables Division* Divisio
Slide 6: Growth momentum across business divisions
Growth momentum across business divisions COMMENTS Revenue (Consolidated) Consumer Durables Rs. 587 Crs. Rs. 751Crs. Rs. 927 Crs. Rs. 1,685 Crs. Strong RAC industry growth owing to prolonged summers and lower channel inventories during the period 12% 7% Revenue grew by 95% 14% 14% ▪ RAC grew by 104%
Slide 7: Consumer Durables Division
CONSUMER DURABLES DIVISION
Slide 8: Consumer Durable Division
Consumer Durable Division Division Overview 24 ~70% JV Facility BoM Catering Capability Washing Machine RAC Non-RAC Washing Machine Business FG & Component Components Verticals RAC industry momentum continued in Q2 supported by weather and channel filling Diversifying offering into Washing Machine 7
Slide 9: Consumer Durables Product Portfolio
Consumer Durables Product Portfolio Diversification into Various Applications Products Target Segments AC Heat Exchanger ▪ Split AC, Window IDU AC, Inverter AC ▪ Cassette AC and ODU Ductables Copper Tube Non-AC ▪ Refrigerators Sheet Metal ▪ Washing Machine Injection Moulding ▪ Microwave ▪ Water Puri
Slide 10: Consumer Durables Division Performance
Consumer Durables Division Performance Amount in Rs Cr REVENUE (Excl. other income) OPERATING EBITDA* COMMENTS 4.1% 4.5% 3.8% 5.8% ▪ Strong RAC industry growth owing Q2 FY25 95% 1,069 to prolonged summers and lower 196% 62 channel inventories during the 547 period 378 405 21 16 18 ▪ Revenue has incr
Slide 11: Electronics Division
ELECTRONICS DIVISION
Slide 12: Electronics Division
Electronics Division Division Overview 05 01 Facility Expansion at Hosur PCB-A Bare PCB Business Verticals Multiple Growth Levers • Ascent: Ground Breaking ceremony of new plant • JV with Korea Circuit: Expansion into HDI, Flex and Semi-Conductor Substrates PCB 11
Slide 13: Ascent: New Facility Expansion
Ascent: New Facility Expansion Ground Breaking Ceremony Ground Breaking Ceremony on 9th Oct New PCB manufacturing plant at Hosur, Chennai Capacity Expansion Addition of upto 8,40,000 SqM annual capacity in two phases State of Art Technology Investment of Rs 650 crore state-of-the-art and advanced ma
Slide 14: JV: Korea Circuit
JV: Korea Circuit Amber Group and Korea Circuit Inks Joint Venture 70% IL JIN Electronics JV: 30% Korea Circuits Joint Venture • JV will further strengthen the offering of EMS Division (Bare PCB) • Product Expansion: HDI, Flex and Semi-Conductor Substrates • In-roads into newer segments including mo
Slide 15: Electronics Product Portfolio
Electronics Product Portfolio Product Portfolio Expansion Product Portfolio for PCBA’s and Bare PCBs Target Segments Consumer Durables Automobile Smart Watches IT & Telecom Energy Defence & Aerospace FY20 FY21 FY22 FY23 FY24 FY25 14
Slide 16: Electronics Division Performance
Electronics Division Performance Amount in Rs Cr REVENUE (Excl. other income) OPERATING EBITDA* COMMENTS 98% 4.5% 3.5% 5.2% 7.6% 492 Q2 FY25 ▪ Revenue grew by 98% YoY to Rs. 492 Crs. 187% 37 in Q2FY25 241 248 ▪ Operating EBITDA grew by 187% YoY in 138 13 Q2FY25 8 6 ▪ Imposition of Anti-Dumping duty
Slide 17: Railway Sub-systems & Mobility Division
RAILWAY SUB-SYSTEMS & MOBILITY DIVISION
Slide 18: Railway Sub-systems & Mobility Division
Railway Sub-systems & Mobility Division Division Overview 01 02 INR ~ 2,000+ Cr Facility Expansion of New Facilities Order Book Doors Gangways Coupler Pantograph Driving Gears Collaboration and Product Expansion Technology Transfer (ToT) JV with Yujin Machinery Greenfield Expansion Greenfield expans
Slide 19: Railway Sub-systems & Mobility Product Portfolio
Railway Sub-systems & Mobility Product Portfolio Diversification of Product Portfolio Target Segments 18% 16% HVAC (Railway, Metro & Bus) 8% Micro-Processor Controller 5% Defence (HVAC) 4% Pantry 4% Data Centre (HVAC) Doors Gangways Coupler Pantograph Driving Gears FY20 FY21 FY22 FY23 FY24 FY25 18
Slide 20: Railway Sub-systems & Mobility Division Performance
Railway Sub-systems & Mobility Division Performance Amount in Rs Cr REVENUE (Excl. other income) OPERATING EBITDA* COMMENTS 23.6% 24.0% 23.5% 17.0% ▪ Revenue decreased by 6% YoY to Rs. 124 -6% Q2 FY25 132 crores in Q2FY25 due to 124 105 -32% ▪ Delay in the Mumbai Metro 31 project due to shortage of
Slide 21: Consolidated Financial Performance
CONSOLIDATED FINANCIAL PERFORMANCE
Slide 22: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs in Crs) Q2FY25 Q2FY24 YoY H1FY25 H1FY24 YoY Revenue from Operations 1,685 927 82% 4,086 2,629 55% Raw Material Consumption (RMC) 1,346 721 3,320 2,125 Gross Profit 339 206 64% 766 504 52% Gross Margins (%) 20.1% 22.3% 18.7% 19.2% Employee Expenses
Slide 23: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs in Crs.) Sep-24 Mar-24 Particulars (Rs in Crs.) Sep-24 Mar-24 Non-Current Assets 3,530 3,237 Equity 2,133 2,116 Property, plant and equipment (including Right-of- 2,142 2,092 Equity share capital 34 34 use assets) Capital work-in-progress 37 24 Other equity
Slide 24: Consolidated Cash Flow
Consolidated Cash Flow Particulars (Rs in Crs) H1FY25 H1FY24 Operating profit before working capital changes 305 196 Changes in working capital (465) (245) Cash generated from operations (161) (49) Direct taxes paid (net of refund) (37) (23) Net Cash from Operating Activities (A) (197) (71) Net Cash
Slide 25: Contact Us
Contact Us Company : Investor Relations Advisors : CIN: L28910PB1990PLC010265 CIN: U74140MH2010PTC204285 Mr. Sudhir Goyal Mr. Rahul Agarwal / Mr. Karan Thakker sudhirgoyal@ambergroupindia.com rahul.agarwal@sgapl.net / karan.thakker@sgapl.net +91 98214 38864 / +91 81699 62562 www.ambergroupindia.com
Amber Enterprises India — Q2 FY2025 Earnings Presentation on 6ix