Dynamatic Technologies Limited · NSE:DYNAMATECH
Dynamatic Technologies — FY2014 Earnings Presentation
18 slides from Dynamatic Technologies's earnings presentation, 2014
Slide 1: Q4 and Full Year FY2014 Earnings Presentation
DYNAMATIC TECHNOLOGIES LIMITED Q4 AND FULL YEAR FY2014 EARNINGS PRESENTATION CD, 4 HYDRAULICS AEROSPACE & DEFENCE AUTOMOTIVE
Slide 2: Important Notice
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” or “Company”) future business
Slide 3: Performance Highlights
PERFORMANCE HIGHLIGHTS Consolidated Financial Highlights FY2014 Highlights • Net Revenues increased 9.3% to Rs. 15,875 million; EBITDA growth of 20.2% to Rs. 1,629 Q4 FY2014 Revenue Breakup million at 10.3% margin, an increase of 90 bps over FY2013 Aerospace & Defence • Net Debt of Rs. 5,474 million
Slide 4: Performance Highlights: Management Commentary
PERFORMANCE HIGHLIGHTS Management Commentary Commenting on the results, Mr. Udayant Malhoutra, CEO and Managing Director said: “We are pleased to report a strong operational performance supported by growth across all divisions, particularly Aerospace and Defence. This performance is a testimony to t
Slide 5: Financial Performance Summary
FINANCIAL PERFORMANCE SUMMARY Consolidated Performance Highlights Q4 y-o-y Q3 y-o-y Full Year y-o-y Rs. Million Growth Growth Growth FY14 FY13 (% ) FY14 (% ) FY14 FY13 (% ) Revenue 4,304 3,846 11.9% 3,999 7.6% 15,875 14,521 9.3% EBITDA 426 309 41.4% 433 (1.6)% 1,629 1,355 20.2% Margin (%) 9.9% 8% 10
Slide 6: Automotive Segment
AUTOMOTIVE SEGMENT Financial Overview Performance Overview • India revenue declined y-o-y majorly due Q4 y-o-y Q3 y-o-y Rs. Million Growth Growth to challenging macro economic FY14 FY13 (% ) FY14 (% ) environment Revenue 2,897 2,677 8.2% 2,594 11.7% • However, minimized losses on account of India 41
Slide 7: Hydraulics Segment
HYDRAULICS SEGMENT Financial Overview Performance Overview • Increased topline for India operations y-o-y Q4 y-o-y Q3 y-o-y due to high demand from the agriculture Rs. Million Growth Growth FY14 FY13 FY14 sector (% ) (% ) • Revenue for UK operations increased y-o-y Revenue 776 703 10.3% 812 (4.5)% d
Slide 8: Aerospace and Defence Segment
AEROSPACE AND DEFENCE SEGMENT Financial Overview Performance Overview • Strong y-o-y growth in revenues of both Q4 y-o-y Q3 y-o-y Rs. Million Growth Growth India and UK businesses due to higher FY14 FY13 (% ) FY14 (% ) sales to Boeing, GKN Aerospace and Spirit Revenue 629 495 26.9% 596 5.6% Aerosyst
Slide 9: Quarterly Financial Trends
QUARTERLY FINANCIAL TRENDS Strong Financial Performance Performance Overview Segment Wise Revenue Contribution 4,304 4,024 3,999 13% 13% 14% 15% 15% 3,846 3,548 18% 20% 20% 20% 18% 15.4% 13.4% 7.6% 69% 68% 66% 65% 67% (7.8)% (0.6)% Q4 FY13 Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14 Q4 FY13 Q1 FY14 Q2 FY14 Q3 F
Slide 10: Focus on Deleveraging the Balance Sheet
QUARTERLY FINANCIAL TRENDS Focus On Deleveraging The Balance Sheet Capital Structure Debt and Net Debt (Rs.mn) (Rs. million) Mar 31, 2014 Mar 31, 2013 6,685 6,795 6,112 6,250 5,915 Long Term 4,908 4,942 5,474 Borrowings Short Term 1,008 1,743 Borrowings Total Debt 5,915 6,685 Less: Cash & Cash 441 5
Slide 11: Dynamatic Overview
DYNAMATIC OVERVIEW Diversified • A combination of stable and high growth businesses with highly engineered products business for the automotive, hydraulic, aerospace and defence industries • Successful track record of enhancing manufacturing capabilities through R&D and selective acquisitions Compet
Slide 12: Dynamatic Overview
DYNAMATIC OVERVIEW Vertically • Advanced iron and aluminium foundries in India and Germany for captive use Integrated • Owns one of the most advanced ferrous foundries in Europe (Germany) capable of Facilities manufacturing highly intricate castings • In-house division for design validation and opti
Slide 13: Combination of Stable and High Growth Businesses
DYNAMATIC OVERVIEW Combination of Stable and High Growth Businesses AUTOMOTIVE • Ferrous and non-ferrous automotive components including engine, transmission, turbocharger and chassis parts 66% of FY2014 • Metallurgical ferrous and Revenue aluminium castings • Hydraulic valves HYDRAULICS • Hydraulic
Slide 14: Blue Chip Investor Base
BLUE CHIP INVESTOR BASE Shareholding Structure Key Institutional Investors Promoters Others 56% 24% Acacia Partners Dlls 0% Param Capital FIIs 20% Shareholding Pattern Trend Equity History Shareholders Jun-13 Sep-13 Dec-13 Mar-14 Equity Capital Year Event (Rs. mn) Promoters 55.3% 55.3% 55.3% 56.0% 1
Slide 15: Financial Statements: Income Statement
FINANCIAL STATEMENTS Income Statement Profit & Loss Statement (Rs. million) Q4 FY13 Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14 Revenues Net Sales / Income from Operations (Net of Excise Duty) 3,821 3,509 3,984 3,960 4,266 Other Operating Income 26 39 40 39 39 Total Revenues 3,846 3,548 4,024 3,999 4,304 Expens
Slide 16: Financial Statements: Balance Sheet – Assets
FINANCIAL STATEMENTS Balance Sheet – Assets Balance Sheet (Rs. million) Q4 FY13 Q2 FY14 Q4 FY14 ASSETS Non-Current Assets Goodwill 679 679 679 Fixed Assets 0 0 0 i) Tangible Fixed Assets 5,671 5,685 5,967 ii) Intangible Fixed Assets 260 272 224 iii) Capital work in progress 742 769 28 iv) Intangible
Slide 17: Financial Statements: Balance Sheet – Liabilities
FINANCIAL STATEMENTS Balance Sheet – Liabilities Balance Sheet (Rs. million) Q4 FY13 Q2 FY14 Q4 FY14 EQUITY and LIABILITIES Shareholders Fund Share capital 54 54 55 Reserves and surplus 1,157 859 1,376 Money Received against Share Warrants 125 125 100 Non-controlling interest (Preference capital) 33
Slide 18: Contact Details
CONTACT DETAILS Mr. Hanuman Sharma Chief Financial Officer Dynamatic Technologies Limited Dynamatic Park Peenya Industrial Area Bangalore 560 058 India T: +91 80 2839 4933 / 34 / 35 F: +91 80 2839 5823 E: [email protected] Mr. Naveen Chandra DGM-Compliance, Legal & Company Secretary Dyna
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