Astra Microwave Products Ltd. · NSE:ASTRAMICRO
Astra Microwave Products — Q3 FY2023 Earnings Presentation
44 slides from Astra Microwave Products's earnings presentation, Feb 10, 2023
Slide 1: Exchange filing cover letter
ASTRA MICROWAVE PRODUCTS LIMITED Regd. Office ASTRA Towers. Survey No. ll(P). Kothaguda Post. Kondapur Hltechcity. Hyderabad Telangana. INDIA • 500084 Tel : +91 40 46618000. 46(>18001. Fax : +91 40 46618048 Email : [email protected]. website : www.amamwp.com CIN . L29309TGI991 PLC013203 February 10,
Slide 2: Q3FY23 Standalone Results
Investor Release CIN No: L293091G1991PLC013203 ASTRA MICROWAVE PRODUCTS LIMITED Q3FY23 Standalone Results Friday, 10th February 2023, Hyderabad – Astra Microwave Products Limited, engaged in the business of design, development and manufacture of RF and Microwave Components, sub-systems and systems u
Slide 3: Standalone 9M FY23 Result Highlights
Investor Release CIN No: L293091G1991PLC013203 Standalone 9M FY23 Result Highlights • The Revenues stood at Rs. 550.9 crores for 9MFY23 as against Rs. 496.1 crores for 9MFY22; growth of 11.1% YoY • Gross profit increased by 50.7% to Rs. 215.7 crores in 9MFY23 vs Rs. 143.1 crores in 9MFY22 • Our 9MFY
Slide 4: About Astra Microwave Products Limited
Investor Release CIN No: L293091G1991PLC013203 India’s defence production policy like Atmanirbhar Bharat Abhiyan and higher focus on our category in the recent budget will give an impetus to our growth in the future. This combined with the strides that we are making, Astra is targeting to achieve Rs
Slide 5: Investor Presentation – Q3 FY23
Investor Presentation – Q3 FY23 www.astramwp.com Radar Electronics I Electronic Warfare I Missiles I Telemetry I Space I Meteorology | Hydrology | Telecom
Slide 6: Safe harbour
Safe harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Astra Microwave Products Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for an
Slide 7: ASTRA: A Company With Deep Domain Expertise
ASTRA: A Company With Deep Domain Expertise... Astra Microwave Products Limited (AMPL) was incorporated as WEALTH OF EXPERIENCE a Private Limited Company in 1991. • More than 30 years of domain expertise in microwave radio- frequency (RF) applications domain AMPL is into Design, Development and Manu
Slide 8: Poised for Strong Growth Amidst Sectoral Tailwinds
... Poised for Strong Growth Amidst Sectoral Tailwinds AMPL has a proven track record of making high value-added SYSTEMS, RF and microwave super components and Defence s p e n d in Government of India's India h a s received a Atma Nirbhar Bharat sub-systems which are becoming more mega boost initiat
Slide 9: Leadership
Leadership Significant Equity Holders Business & Technology Team & Directors PA Chitrakar S. Gurunatha Reddy Maram Venkateshwar Reddy Non-Executive Director Managing Director Joint Managing Director Head of R&D Atim Kabra C Nageswara Rao LGM Prakasam VP - Production VP - Radar Systems Executive Dire
Slide 10: 30+ Years of Journey so far
Journey so far Delivered AAAU for Air-b o r n e AESA Radar 30+ Years of Established Earth Station for Indian Delivered PATM-11 & Radiation Mode T&E Facility for Radar EW Systems 2022 Astra Microwave Met Dept. C o m p l e t e d Radar UPCOMING Production Order Products Ltd. for Paramilitary 2020 • Mul
Slide 11: Offerings
Offerings Components & MMICs Systems • Design • Design • Prototyping • Manufacturing • Testing & Qualification • Integration • Production • Testing & Qualification • Installation & Commissioning Radar Electronics I Electronic Warfare I Missiles I Telemetry I Space I Meteorology | Hydrology | Telecom
Slide 12: Product Range
Product Range Defence Space Astra has designed, • Radars • Flight Model Application developed and • Electronic Warfare • Ground based Application produced critical sub • Missile Electronics • Telemetry • INSAT MSS Terminals systems and systems • Counter-Drones for its customers for building various
Slide 13: Expertise & Capabilities of AMPL (1/2)
Expertise & Capabilities of AMPL (1/2) Radar • Design & development of Gallium Arsenide (GaAs) and Gallium Nitride (GaN) TRMs across all frequency bands VHF, UHF, L, S, C, X, Ku and Ka band with various power levels. • Design and development of all kind of radar sub-systems including power amplifier
Slide 14: Expertise & Capabilities of AMPL (2/2)
Expertise & Capabilities of AMPL (2/2) Missiles Satellites • AMPL has been supplying various key microwave sub- • Leading company in India to design, develop and supply Radio Proximity Fuze, systems for ground and space based or payload Airborne Diplexer, Transponder, transmitter, Command Guidance U
Slide 15: Growing defence products opportunity
Growing defence products opportunity India's extensive modernisation plans, an increased focus o n homeland security to increase government allocation for defence expenditure along w i t h Make in India focus are e x p e c t ed to drive healthy grow th in the sector. Growing Defence Budget (in Bn $)
Slide 16: Total Addressable Market
Total Addressable Market Major opportunities for AMPL of around Rs 2 4 , 0 0 0 - 2 5 , 0 0 0 C r s across all sectors till FY28. Radar Electronics I Electronic Warfare I Missiles I Telemetry I Space I Meteorology | Hydrology | Telecom 12
Slide 17: Esteemed Clientele
Esteemed Clientele Major stake in upcoming Defence Programs AAAU for Light C o m b a t AATRU FOR Uttam Aircraft ASPJ AESA Radar AAAU for AAAU for LRMFR AEW&CS Long Range Radar M e d i u m Power TRMs, BSNs, PS Radar DTRMs Radar Electronics I Electronic Warfare I Missiles I Telemetry I Space I Meteoro
Slide 18: Robust Order Book
Robust Order Book Historical Orderbook Build-Up Orderbook Updates (Rs. in Crs) -1% 1,734 Total orders received during the quarter 1,561 1,551 1,383 1,167 252 543 941 Amount 103 745 Sno Segment Name 254 (Rs. Cr) 264 223 60 60 72 205 211 459 51 40 817 1 Defence 81.89 163 740 723 135 19 550 541 142 2 E
Slide 19: Performance Highlights
Performance Highlights Revenue (Rs. in Crs) EBIDTA (Rs. in Crs) PAT (Rs. in Crs) 13.2% 24.2% 11.7% 21.5% 6.1% 13.8% 5.0% 11.7% 11.1% Standalone 551 104.4% 496 160.2% 118 64 9.9% 102.2% 149.8% 199 219 53 58 30 25 26 12 Q3FY22 Q3FY23 9MFY22 9MFY23 Q3FY22 Q3FY23 9MFY22 9MFY23 Q3FY22 Q3FY23 9MFY22 9MFY2
Slide 20: Standalone Profit & Loss
Standalone Profit & Loss PARTICULARS (Rs. In Cr) Q3FY23 Q3FY22 YOY 9MFY23 9MFY22 YOY Revenue from Operations 218.9 199.1 9.9% 550.9 496.1 11.1% Raw Material Consumption 128.9 139.2 335.3 353.0 Gross Profit 90.0 59.8 50.5% 215.7 143.1 50.7% Gross Profit Margin 41.1% 30.0% 11.1% 39.1% 28.8% 10.3% Empl
Slide 21: State of the Art Infrastructure
State of the Art Infrastructure Astra has advanced in-h o u s e facilities for lower turnaround t i m e for p r o d u c t realization appreciated b y domestic a n d foreign customers. Unit I Unit II Unit Ill Unit IV Unit V Bengaluru Unit Land : 1.13 Acres Land : 2.0 Acres Land : 9.9 Acres Land : 19.
Slide 22: State of the Art Infrastructure
State of the Art Infrastructure Assembly Infrastructure Functional Testing Environment Testing • 4 5 0 , 0 0 0 s q.ft. of research, design, • Near Field Test Range (NFTR) • EMI/EMC Test facility development and manufacturing across 6 • Digital Signalling • HASS/HALTChambers units • Function and puls
Slide 23: Strong R&D Capabilities
Strong R&D Capabilities Through its focus on R&D, the company develops innovative Total workforce (as on March designs useful for the manufacture of cost-effective Key product developments 31st, 2022) - 1,240 products. Strong track record of new product development and seamless execution leading to
Slide 24: Serving Markets Through
Serving Markets Through Build To Specifications (BTS) Orders • Receipt of order from the • Work with the customer • Realizing the product • Once the system is • Works with systems The company's strong relationship customers (such as team to specify the target using the engineering qualified by the c
Slide 25: Strategy for Growth
Strategy for Growth New product development Focus on Research & Joint Ventures and Reap benefits of To accelerate growth Development Strategic alliances sectoral tailwinds Develop products in close Invest in modern technology and Through JV or strategic alliances, By doing extensive investments to a
Slide 26: Opportunities
Opportunities Various government initiatives are encouraging the industry to develop the system either through in-house development or through foreign technology tie-u p . Astra in alliance with System Knowledge of its partners aims to deliver the product that meets Government thrust o n Atma Nirbha
Slide 27: Competitive landscape
Competitive landscape Radar Electronics I Electronic Warfare I Missiles I Telemetry I Space I Meteorology | Hydrology | Telecom 23
Slide 28: ANNEXURE
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Slide 29: Standalone Profit & Loss
Standalone Profit & Loss PARTICULARS (Rs. In Cr) FY22 FY21 FY20 FY19 FY18 Revenue from Operations 735.0 589.2 461.6 286.2 360.5 Total Raw Material 524 418 267 159 152 Gross Profit 211.2 170.7 194.7 126.9 208.5 Gross Profit Margin 28.7% 29.0% 42.2% 44.3% 57.8% Employee Expenses 73 64 66 61 66 Other E
Slide 30: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs. In Cr) Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 EQUITY AND LIABILITIES (Rs. In Cr) Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Non-Current Assets 215 202 213 222 217 Equity and Liabilities 590 561 547 503 502 Property, plant and equipment 158 150 158 176 193 Equity share capita
Slide 31: Subsidiaries & JV
Subsidiaries & JV • BEPL is a fully owned subsidiary of Astra Microwave • Established wi t h S t a t e - o f-t h e - A r t manufacturing & test facilities to me et Global Standards. This co mbi ned with experienced m a n power & stabilized processes ensure that the needs of various Industry Segments
Slide 32: Capabilities
Capabilities Engineering Digital System R&D Test Facilities Quality Standards Capabilities Capability • Near Field Test Range • Compliant to AS 9100D (NFTR) • Inward Inspection Research & Development 80+ R&D Manpower in • Open Air Antenna Test • In-process Inspection • Expertise in development Digit
Slide 33: Products : Defence
Products : Defence Radar Electronics Electronic Warfare Missile Electronics Telemetry • Active Antenna Array Units - L, • Command Guidance Units • Data and Video Telemetry • Antennas S,C,X,Ku-Bands • EDLVA and BLI Super • Radio Proximity Fuze transmitters, transponders, • TR Modules- V/UHF, L, S, C,
Slide 34: Products : Meterology
Products : Meterology Ground-based Products • Water Level Measurement (Bubbler/ Radar Sensor) • Agromet Meteorological Stations (AMS) • Automatic Rain Gauge (ARG) Agro-Meteorology Flood Monitoring Data Buoy 1 kW VHF TRMs: W i n d Profiler • Automatic Weather Station NARL (MST Radar) Radars : NARL St
Slide 35: Products : Space
Products : Space Ground-based Flight Model Association Defence Satellite • Sub-systems for Multi-object Proud to be associated with every Programs • Sub-systems for SAR Payloads Tracking Radar • Sub-systems for major satellite launch in India. • Kautilya (EMISAT): • Coherent frequency Geostationary
Slide 36: Major Opportunities: Radar Programs
Major Opportunities: Radar Programs Bharat Electronics Indian Air Force Bharat Electronics HAL HAL Program: Product: Program: HPR Product: Program: Product : Program: U t t a m Product : Program: Ut t a m Product : Arudhra (MPR) Sub-Systems Mountain Radar AESA Radar (LCA AESA Radar (LCA Opportunity:
Slide 37: Major Opportunities: Radar Programs
Major Opportunities: Radar Programs DRDO Bharat Electronics ISRO Bharat Electronics DRDO Program: Space Program: UHF Program: Product: Program: Product: Product: Program: FCR Product: Product: Debris Radars Radar (2 Systems AEW&C-11 QRSAM Opportunity: Rs Opportunity: Rs Opportunity: Rs Opportunity:
Slide 38: Major Opportunities: Missiles
Major Opportunities: Missiles DRDL / BDL BDL BDL ANSP DRDL Program: ASTRA Program: Program: QR Program: NGARM Product: Product: Product: Program: SLCM Product: Opportunity: Rs Product: Opp ortun it y : Rs AKASH SAM Opportunity: Rs 400Cr Opportunity: Rs Opportunity: Rs 186 Cr 132 Cr Timeline: 435Cr 6
Slide 39: Major Opportunities Space
Major Opportunities HAL Bharat Electronics Bharat Electronics Program: ASPJ Pod Program: EW Products Program: DR118-DST, MASS, Product: for LCA Mk 1A Opp ortun it y: Rs 230 Cr BIT for S u - 3 0 M k I EW Opportunity: Rs 50 Timeline: FY25-27 Opportunity: Rs 250 Cr Cr Timeline: FY24-26 Timeline: FY25-2
Slide 40: Major Opportunities Systems Special Projects
Major Opportunities Systems Indian A r m e d Forces Indian Air Force Indian Army Indian Air Force Program: C-UAS Product: Program: W ind Product: Program: Low Product: Program: Bird Product: Opp ortun it y: Rs Profiler Radar & level light detection & 2,000 Cr DWR Weight Radar monitoring Radar Timeli
Slide 41: Quality certifications
Quality certifications Industry Leading Certifications Radar Electronics I Electronic Warfare I Missiles I Telemetry I Space I Meteorology | Hydrology | Telecom 37
Slide 42: Awards & Accolades
Awards & Accolades LAToT Ceremony for Excellence in Innovation, Counter-Drone System LAToT Coastal Surveillance Radar Design Technology, R&D 2021 Handing over Ceremony Aw ard for Excellence in Aerospace ELCINA EFY Aw ard for lndigenisation-2021 Business Excellence Radar Electronics I Electronic Warf
Slide 43: CSR
CSR Our Contribution towards the Society Eradicating hunger, poverty Promoting education and malnutrition Ensuring environmental Promoting gender equality sustainability Protection of national Benefit of armed forces heritage veterans Training to promote rural Contribution to the PM's sports Nationa
Slide 44: Thank You
Thank You For more information please contact: Astra Microwave Products Limited CIN No: L293091G1991PLC013203 Mr. T. Anjaneyulu, GM – Company Secretary Email id: [email protected] Strategic Growth Advisors Pvt Ltd. CIN No: U74140MH2010PTC204285 Shikha Puri / Dharmik Kansara Email id: shikha.p
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