Slide 1: Q2 and Half Year FY2024 Earnings Presentation
DYNAMATIC TECHNOLOGIES LIMITED Q2 and Half Year FY2024 EARNINGS PRESENTATION Hydraulics Aerospace Metallurgy © 2023 Proprietary Information of Dynamatic Technologies Limited
Slide 2: Q2 FY2024 Performance Highlights
DYNAMATIC TECHNOLOGIES LIMITED Q2 FY2023 PERFORMANCE HIGHLIGHTS Highlights Q2 FY2024 vs. Q2 FY2023 Q2 FY2024 Revenue Breakup Q2 • Revenue of Rs. 350.9 cr; up by 8.4% from Rs. 323.7 cr in Q2 FY2023 FY2024 o Aerospace segment revenue of Rs. 129.0 cr; up by 17.9% from Rs. 109.4 cr 34% Q2 37% 29% 34% FY
Slide 3: H1 FY2024 Performance Highlights
DYNAMATIC TECHNOLOGIES LIMITED H1 FY2024 PERFORMANCE HIGHLIGHTS Highlights H1FY2024 vs. H1FY2023 H1 FY2024 Revenue Breakup H1 • Revenue of Rs. 713.4 cr; up by 12.4% from Rs. 634.7 cr in H1FY2023 FY2024 o Aerospace segment revenue of Rs. 233.6 cr; up by 13.4% from Rs. 205.9 cr 33% H1 37% 31% 32% FY20
Slide 4: Performance Highlights: Management Commentary
DYNAMATIC TECHNOLOGIES LIMITED PERFORMANCE HIGHLIGHTS Management Commentary Commenting on the results, Mr. Udayant Malhoutra, CEO and Managing Director said: “During the quarter, Aerospace segment in India, having received customer qualifications post its shifting to newly constructed state of art f
Slide 5: Financial Performance Summary
DYNAMATIC TECHNOLOGIES LIMITED FINANCIAL PERFORMANCE SUMMARY Consolidated Performance Highlights (Continuing Operations) Q2 Q1 Half Year y-o-y q-o-q y-o-y Rs. crore Growth (%) Growth (%) Growth (%) FY24 FY23 FY24 FY24 FY23 Revenue 350.9 323.7 8.4% 362.5 (3.2)% 713.4 634.7 12.4% EBITDA 38.9 47.6 (18.
Slide 6: Foreign Exchange Fluctuation
DYNAMATIC TECHNOLOGIES LIMITED PERFORMANCE HIGHLIGHTS Foreign Exchange Fluctuation Q2 FY2024 vs. Q1 FY2024 Q2 FY2024 vs. Q2 FY2023 Exchange Rate Q2 FY2024 Q1 FY2024 Q2 FY2023 Impact Impact % Impact Impact % EURO vs. INR 89.67 89.42 81.22 0.25 0.3% 8.45 10.4% GBP vs. INR 103.74 102.85 95.37 0.89 0.9%
Slide 7: Aerospace Segment
DYNAMATIC TECHNOLOGIES LIMITED AEROSPACE SEGMENT Financial Overview Q2 Q1 Half Year y-o-y q-o-q y-o-y Rs. crore Growth (%) Growth (%) Growth (%) FY24 FY23 FY24 FY24 FY23 Revenue 129.0 109.4 17.9% 104.6 23.4% 233.6 205.9 13.4% EBITDA 32.4 30.6 5.8% 16.0 102.8% 48.4 57.2 (15.4)% Margin (%) 25.1% 28.0%
Slide 8: Hydraulics Segment
DYNAMATIC TECHNOLOGIES LIMITED HYDRAULICS SEGMENT Financial Overview Q2 Q1 Half Year y-o-y q-o-q y-o-y Rs. crore Growth (%) Growth (%) Growth (%) FY24 FY23 FY24 FY24 FY23 Revenue 101.8 121.0 (15.9)% 115.7 (12.0)% 217.5 231.6 (6.1)% EBITDA 5.9 24.4 (75.9)% 15.8 (62.9)% 21.7 44.6 (51.4)% Margin (%) 5.
Slide 9: Metallurgy Segment
DYNAMATIC TECHNOLOGIES LIMITED METALLURGY SEGMENT Financial Overview Q2 Q1 Half Year y-o-y q-o-q y-o-y Rs. crore Growth (%) Growth (%) Growth (%) FY24 FY23 FY24 FY24 FY23 Revenue 120.0 93.3 28.7% 142.2 (15.6)% 262.3 197.1 33.0% EBITDA 8.0 2.0 306.1% 13.6 (41.0)% 21.6 5.6 287.1% Margin (%) 6.7% 2.1%
Slide 10: Quarterly Financial Trends
DYNAMATIC TECHNOLOGIES LIMITED QUARTERLY FINANCIAL TRENDS Revenue (Rs. cr) and Growth % (Y-o-Y) Segment Wise Revenue Contribution 17.5% (5.0)% 1.1% 4.3% (3.1)% 4.1% (3.2)% (1.5)% (3.2)% 26% 31% 31% 31% 34% 32% 29% 36% 37% 39% 33% 33% 33% 29% 39% 29% 35% 34% 36% 35% 36% 36% 37% 36% 32% 32% 29% 304.4
Slide 11: Quarterly Financial Trends: Capital Structure
DYNAMATIC TECHNOLOGIES LIMITED QUARTERLY FINANCIAL TRENDS Capital Structure Net Debt/LTM EBITDA & Debt/Equity (x) (Rs. crore) Sept-22 Mar-23 Sept-23 Long Term 350.0 361.2 323.0 3.0x 2.5x 2.6x Short Term 221.0 257.2 188.0 Total Debt 571.0 618.4 511.0 Less: Cash & Cash Equivalents 30.0 160.9 70.0 1.4x
Slide 12: Overview
DYNAMATIC TECHNOLOGIES LIMITED DYNAMATIC OVERVIEW • A combination of stable and high growth businesses with highly engineered products for the automotive, hydraulic and aerospace industries Diversified business • Successful track record of enhancing manufacturing capabilities through R&D and selecti
Slide 13: Overview
DYNAMATIC TECHNOLOGIES LIMITED DYNAMATIC OVERVIEW • Owns one of the most advanced ferrous foundries in Europe (Germany) capable of manufacturing highly intricate castings Vertically • In-house division for design validation and optimization, analysis and prototypes Integrated Facilities • 9 Faciliti
Slide 14: Overview: Combination of Stable and High Growth Businesses
DYNAMATIC TECHNOLOGIES LIMITED DYNAMATIC OVERVIEW Combination of Stable and High Growth Businesses AEROSPACE • Wings, rear fuselages, ailerons, wing • Airbus • Spirit flaps and major airframe structures Aerosystems • Boeing • Ramp structure assembly • HAL • Bell 37% of Q2 FY2024 Revenue • AFT Pylon
Slide 15: Blue Chip Investor Base
DYNAMATIC TECHNOLOGIES LIMITED BLUE CHIP INVESTOR BASE Shareholding Structure Key Investors • Samena Capital Others • HDFC Mutual Fund 30.4% Promoters • Alchemy and Group 41.9% • Girish Gulati – HUF Alternative • Abakkus Group Investment • Madhusudan Kela and Group Fund DIIs • Chandravardhan Shah 5.
Slide 16: Financial Statements: Consolidated P&L
DYNAMATIC TECHNOLOGIES LIMITED FINANCIAL STATEMENTS Consolidated P&L Statement (Q-o-Q) Profit & Loss Statement (Rs. crore) Q2 FY23 Q1 FY24 Q2 FY24 Revenues Revenue from operations 323.7 362.5 350.9 Expenses Cost of materials and components consumed 166.8 166.4 159.5 Change in inventory of finished g
Slide 17: Consolidated Balance Sheet - Assets
DYNAMATIC TECHNOLOGIES LIMITED FINANCIAL STATEMENTS Consolidated Balance Sheet - Assets Balance Sheet (Rs. crore) H1FY23 FY23 H1FY24 Assets Non-current assets Property, plant and equipment 420.4 443.4 445.6 Capital work in progress 52.4 78.5 94.6 Goodwill 94.0 104.7 104.0 Intangible assets 23.7 24.5
Slide 18: Consolidated Balance Sheet - Liabilities
DYNAMATIC TECHNOLOGIES LIMITED FINANCIAL STATEMENTS Consolidated Balance Sheet - Liabilities Balance Sheet (Rs. crore) H1FY23 FY23 H1FY24 Equity and liabilities Equity Equity share capital 6.3 6.8 6.8 Other equity 367.7 535.2 580.9 Total shareholders fund 374.0 542.0 587.7 Non-current liabilities Fi
Slide 19: Cash Flow Statement
DYNAMATIC TECHNOLOGIES LIMITED FINANCIAL STATEMENTS Cash Flow Statement Cash Flow Statement (Rs. crore) H1FY23 FY23 H1FY24 Cash flow from operating activities Profit before tax 23.1 55.2 61.2 Adjustments: Interest income (0.9) (2.3) (1.1) Gain on sale of property, plant and equipment (net) 0.0 (0.3)
Slide 20: Cash Flow Statement
DYNAMATIC TECHNOLOGIES LIMITED FINANCIAL STATEMENTS Cash Flow Statement Cash Flow Statement (Rs. crore) H1FY23 FY23 H1FY24 Cash flows from investing activities Acquisition of property, plant and equipment, right to use assets and (41.1) (84.9) (35.6) intangibles Bank deposits (having original maturi
Slide 21: Important Notice
DYNAMATIC TECHNOLOGIES LIMITED IMPORTANT NOTICE This presentation contains statements that contain ‘forward looking statements’ including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Dynamatic Technologies’ (‘Dynamatic’
Slide 22: Contact Details
DYNAMATIC TECHNOLOGIES LIMITED CONTACT DETAILS Mr. Chalapathi P Chief Financial Officer E: chalapathi.p@dynamatics.net Mr. Shivaram V Head – Legal, Compliance & Company Secretary E: shivaram.v@dynamatics.net Dynamatic Technologies Limited JKM Plaza Dynamatic Aerotropolis 55 KIADB Aerospace Park Deva