Hindustan Aeronautics Limited · NSE:HAL
Hindustan Aeronautics — FY2020 Earnings Presentation
27 slides from Hindustan Aeronautics's earnings presentation, Jun 25, 2020
Slide 1: Cover letter to BSE and NSE
1~~(-c1II L~’1If~q’~(j f~i1~≥~s IcpI~1 HINDUSTAN AERONAUTICS LIMITED CORPORATE OFFICE CO/SEC/4(7)120201 BSE & NSE Filing/14 25th June, 2020 BSE Limited National Stock Exchange of India Ltd Listing Department Listing Department Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No C/i, DaIaI
Slide 2: Investors' Meeting 26 June 2020
eect SAAL fe-qrim whifera fates HINDUSTAN AERONAUTICS LIMITED INVESTORS’ MEETING 26 JUNE 2020
Slide 3: Company Overview
, HAL COMPANY OVERVIEW
Slide 4: HAL Today
HAL Today GLOBAL RANKING (by Revenue 2018) TURNOVER (in FY 2019-20) 36th position in Aerospace company Marks sales of Rs 21301 Crs. PRODUCTION UNITS R&D CENTRES 20 production units in India 11 Centres in India. AIRCRAFT PRODUCTION HAL’S CONTRIBUTION Types - 17 Indigenous & 14 Licensed 80% footprint
Slide 5: Gamut Of Capabilities
Gamut Of Capabilities Design & Development MRO Aircraft Aircraft Helicopter Helicopter Aero-Engines Aero-Engines Systems Systems MANUFACTURING Aerospace program Aircraft Aerospace Structure Helicopter Boosters for Launch Aero-Engines Vehicles Systems Cryogenic engine MI
Slide 6: Products & Services
Products & Services Fixed Rotary Wings Wings Aero‐ Accessories Engines & & Avionics Gas Turbines Aerospace UAV AUTHOR DIVISION Corporate Hindustan Planning Aeronautics Limited Page No SLIDE NO 5
Slide 7: HAL – Current Operations
HAL – Current Operations Platforms MiG Variants Kiran Mk I /MK II Su-30 MKI ALH Cheetal Avro Hawk LCA An-32 Cheetah Do-228 Chetak ROH LCH Jaguar Mirage Manufacturing & ROH Upgrade & ROH AUTHOR DIVISION Page No SLIDE NO 6
Slide 8: HAL – Current Operations: Engines
HAL – Current Operations Engines Aero-engines Industrial Marine Manufacture Gas Turbine & ROH Shakti TM Artouste III Garrett TPE 331-5 LM 2500 AL 31 FP RD 33 13 Types Engine ROH Adour Mk 804/811/871 Dart R-29 AUTHOR DIVISION Page No SLIDE NO 7
Slide 9: Design and Development
DESIGN AND DEVELOPMENT Strong investments into R&D R&D expenses (Rs in Crs ) Very strong R&D division with 11 R&D 1800 centers 1612 1600 1464 Co‐located with production divisions for 1400 ease of manufacture 1284 1232 1191 1200 CEMILAC approved centers 10% of previous year’s operating profit 1000 af
Slide 10: R&D Capabilities
R&D Capabilities Rotary Wing (Helicopter) • Light Helicopters • Combat Helicopters 3‐D Modeling • 10‐12 ton Helicopters Fixed Wing Aircraft • Trainers / Fighters Accessories /Avionics / Systems Airframe Ground Test Aircraft & Helicopter Upgrades Technology/Infrastructure • 3‐D Modeling • Low Speed W
Slide 11: In-House Major Development Programs
In-House Major Development Programs Light Combat Light Combat Light Utility IMRH (Indian Basic Trainer Mirage 2000 Jaguar Darin Development Aircraft (LCA) Helicopter Helicopter –Multi Role Aircraft (HTT‐ Upgrade III Upgrade of Engines & ‐ Make in (LCH) (LUH) Helicopter 40) FOC ‐ FOC UAV. India Fight
Slide 12: Fixed Wing
Fixed Wing LIGHT COMBAT AIRCRAFT (LCA) TEJAS ROLES FEATURES • Utility Helicopter of • Composite Blades & 3 Ton class with fuselage Single engine with • Advanced Cockpit Night Flying Display • Military and Civil • Main Rotor Blade Roles Folding and bearing less tail rotor • Smart Cockpit Display ROLE
Slide 13: Rotary Wing
Rotary Wing IMRH LUH LCH ALH • 12 Ton Class • Ind. Design • 3 Ton Class • Multirole CHETAK • Ind. Design • Under Dev. • 5.5 Ton Class • Utility • Ind. Design • IOC Achieved • 5.5 Ton Class • Combat • Ind. Design • IOC Achieved • 3 Ton Class • Multirole INDIA IS AMONG FEW COUNTRIES • ToT Mfg. • Prod
Slide 14: Civil Aerospace
Civil Aerospace • Dhruv (ALH) Mk I civil certified by DGCA. . • ALH Mk III Civil configuration certification under progress • Do-228 Civil certified . • Type Certification by DGCA & EASA certification is under progress. • Light Utility Helicopter under . development. • Intended for casualty evacuati
Slide 15: HAL's Support to Forces
HAL’s Support to Forces 9% 25 22 % % 42 91 75 78 58 HAL HAL HAL % HAL % % % % IAF FIGHTERS TRAINERS TRANSPORT HELICOPTERS AROUND 73% IAF FLEET IS SUPPORTED BY HAL 31 24% HAL 100% % 69 HAL 76% % HAL IN TRAINERS TRANSPORT HELICOPTERS AROUND 65% NAVY FLEET IS SUPPORTED BY HAL HAL 100% HAL 100% HAL 100%
Slide 16: Financial Performance and Summary
FINANCIAL PERFORMANCE AND SUMMARY 15
Slide 17: Major Highlights of 2019-20
MAJOR HIGHLIGHTS OF 2019‐20 Registered Growth of 7.5% in Turnover over corresponding previous year (Rs. 21301 Crores from Rs. 19816 Crores) Growth of 6% in Profit Before Tax over corresponding previous year. (Rs. 3961 Crores from Rs. 3743 Crores) Growth of 22% in Profit After Tax over corresponding
Slide 18: Turnover Over The Years and Activity-Wise Turnover
FINANCIAL PERFORMANCE AND SUMMARY Rs In Crs Turnover Over The Years Activity‐Wise Turnover 22000 212 21301 20000 864 405 21000 1228 314 465 446 1320 649 650 20000 19816 15000 11681 7144 7386 9756 5684 19000 10000 18284 18000 17605 5000 9807 9346 9264 17000 8427 8544 16586 16000 16586 17605 18284 198
Slide 19: Quarterly Sales Comparison
FINANCIAL PERFORMANCE AND SUMMARY Rs In Crs Sales: Q‐on‐Q‐ Comparison % of Quarterly Sales to Yearly Sales 22000 100% 90% 17000 80% 10320 50% 52% 48% 54% 10364 70% 9117 66% 9581 60% 12000 10970 50% 4429 40% 21% 7000 4108 4120 22% 21% 20% 3516 30% 2557 3369 15% 2331 2596 16% 2900 20% 13% 13% 2000 187
Slide 20: PBT and EBITDA Margin
FINANCIAL PERFORMANCE AND SUMMARY Rs In Crs Profit Before Tax (PBT) EBDITA & EBDITA Margin (%) 4500 6000 30% 119 24.64% 5000 25% 4000 3,961 998 1024 347 3,743 4000 170 20% 713 63 3,583 863 946 258 3500 890 28 3000 640 15% 3,207 3,240 1549 2000 3779 10% 3000 3485 2670 2600 1000 5% 1648 2500 0 0% 15‐1
Slide 21: PAT and Earnings Per Share
FINANCIAL PERFORMANCE AND SUMMARY Rs In Crs PAT and PAT Margin(%) Earnings Per Share (Rs. ) 3000 16% 90 85 15% 14% 80 2500 13% 72 11% 70 12% 12% 12% 70 2000 10% 60 56 1500 8% 50 2857 2616 41 2347 6% 40 1000 1998 1987 4% 30 500 20 2% 0 0% 10 15‐16 16‐17 17‐18 18‐19 19‐20 0 PAT PAT Margin 15‐16 16‐17
Slide 22: Dividend and Return on Equity
FINANCIAL PERFORMANCE AND SUMMARY Rs In Crs Dividend & Dividend Pay Out Ratio (%) Equity vs Return on Equity (ROE) ‐ (%) 14000 25% 1400 1342 70% 22% 23% 1295 22% 65% 65% 12000 1200 1104 20% 60% 10000 18% 1000 55% 15% 798 50% 15% 800 8000 47% 45% 614 600 42% 12956 12645 40% 6000 11778 11011 10780 10%
Slide 23: Trade Receivables and Order Book
FINANCIAL PERFORMANCE AND SUMMARY Rs In Crs Trade Receivables in No of Days of Turnover Order Book ‐ Activity‐Wise 14000 250 70000 502 231 1054 12447 1321 359 183 12000 11507 60000 1020 7510 219 197 200 6824 1052 10000 50000 12088 135 14454 150 8000 40000 6751 106 6000 88 30000 4836 100 55547 52620
Slide 24: Inventory and CAPEX
FINANCIAL PERFORMANCE AND SUMMARY Rs In Crs Inventory & Inventory in No of Days to VOP CAPEX 30000 600 1600 1514 1510 1509 1430 1452 511 25000 500 1400 455 403 389 1200 20000 400 345 1000 15000 300 800 23998 21340 10000 19375 19765 19460 200 600 400 5000 100 200 0 0 15-16 16-17 17-18 18-19 19-20 0 I
Slide 25: COVID-19 Impact
CoVID‐19 Impact Since HAL is mainly to Defence Services, major negative impact on the future business in the long term is not anticipated currently. Downsizing of Defence budget and risk of economic recession may have an impact on the operations of the Company. On the positive side, ‘Atmanirbhar Bha
Slide 26: Summing Up
SUMMING UP Stable Financial Position with consistent growth year on year. Platforms viz. LCH, LUH, HTT-40, LCA Mk-1 have completed the Development Phase and are entering the production Phase. Good Order Book Position with prospects for further additions. Share of Repair & Overhaul of Aircraf
Slide 27: Thank You
Thank You 26