ZENTECNSE15 February 2025

Zen Technologies Limited has informed the Exchange about Investor Presentation

Zen Technologies Limited

February 15, 2025

To Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051

To Dept. of Corp. Services BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001

Symbol: ZENTEC

Scrip Code: 533339

Dear Sir/Madam,

Sub:

Investor Presentation

Please find attached Investor Presentation on the Un-audited Financial Results of the Company for the quarter and nine months ended December 31, 2024.

above

The https://www.zentechnologies.com/calls-and-conferences

information

available

also

the website

the Company:

This is for your kind information and records.

Thanking you

Yours faithfully,

For Zen Technologies Limited

Sourav Dhar Company Secretary & Compliance Officer

Encl: As above

Investor Presentation

Q 3 & 9 M F Y 2 5

NSE: ZENTEC BSE: ZENTEC - 533339

BLOOMBERG: ZEN IN REUTERS: ZETE.BO

Management Commentary

Mr Ashok Atluri CHAIRMAN & MANAGING DIRECTOR

“I am pleased to provide an update on our Q3FY25 performance, which demonstrates a stable performance, keeping us on track to meet our stated guidance of ₹900 crores revenues for FY25.

The Union Budget 2025 demonstrates the government's commitment to strengthening the defence sector, with a record allocation of over ₹6.81 lakh crore for the Ministry of Defence, marking a 9.53% increase from FY25. This includes a substantial ₹1.80 lakh crore earmarked under the Capital Budget of Armed Forces, providing significant tailwinds for our industry.

Our liquidity remains strong, with ₹1,028 crores in bank balances as of December 31, 2024. Furthermore, we completed the expansion of our assembly unit at Maheshwaram. This expansion enhances our ability to scale up operations to meet growing demand.

In this quarter, we experienced a rise in profitability due to higher other income; however, we remain confident that we will achieve our EBITDA target of 35% and PAT margins of 25% by the end of the financial year.

Our order book remains robust at ₹816.91 crores as of December 2024, reflecting a healthy pipeline for the coming

quarters. Our strategic focus on securing new contracts and diversifying our portfolio ensures sustained revenue visibility and positions us well for continued growth.

As part of our commitment to innovation and growth, we have made strategic acquisitions in robotics, aerospace, and defence propulsion, further solidifying our position as a leader in cutting-edge technology.

We are pleased to announce the integration of Vector Technics, a frontrunner in electrical propulsion and IC engine technology for UAVs and robotics, and Bhairav Robotics, innovating in combat robotics and autonomous systems for defence and industrial applications, into our portfolio. These acquisitions significantly enhance our expertise in UAV propulsion, autonomous robotics, and advanced aerospace components. Additionally, the acquisition of Applied Research International (ARI) and ARI Labs bolsters our defence simulation capabilities, extending our technological reach into naval and maritime domains. This expansion reinforces our commitment to delivering cutting-edge solutions for defence, aerospace, and autonomous systems, driving innovation and strengthening national security.”

Quarterly Standalone Highlights

Revenue from Operations (YoY)

EBITDA (YoY)

Profit After Tax (YoY)

(All Values ₹ in Crore)

44%

21%

98.08

141.52

48.41

22%

38.62

58.69

31.67

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Revenue Segmentation (Sale of Equipment vs AMC)

Revenue Segmentation (Domestic vs Exports)

R&D Expenses

(All Values ₹ in Crore)

10.70

130.82

8.43

89.65

0.48

89.17

62.00

68.82

6.99

7.20

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Sales of Equipment

AMC

Domestic

Exports

Quarterly Consolidated Highlights

Revenue from Operations (YoY)

EBITDA (YoY)

Profit After Tax (YoY)

(All Values ₹ in Crore)

53%

152.21

42%

30%

66.24

39.72

99.52

30.58

46.73

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Q3FY24

Q3FY25

*PAT Adjusted for Non-Controlling Interests

9M Standalone Highlights

Revenue from Operations (YoY)

EBITDA (YoY)

Profit After Tax (YoY)

(All Values ₹ in Crore)

116%

76%

85%

637.17

252.77

178.03

294.56

143.76

96.20

9MFY24

9MFY25

9MFY24

9MFY25

9MFY24

9MFY25

9MFY24

9MFY25

9MFY24

9MFY25

9MFY24

9MFY25

9M Consolidated Highlights

Revenue from Operations (YoY)

EBITDA (YoY)

Profit After Tax (YoY)

(All Values ₹ in Crore)

117%

648.67

89%

93%

269.17

179.20

298.47

142.63

92.94

9MFY24

9MFY25

9MFY24

9MFY25

9MFY24

9MFY25

9MFY24

9MFY25

9MFY24

9MFY25

9MFY24

9MFY25

*PAT Adjusted for Non-Controlling Interests

Order Book Status as of 31st December 2024

Order Book

New Orders

Orders Executed

Total Order Book

Order Book as on 1st October 2024

New Order bagged in Q3FY25

Orders executed in Q3FY25

Total Order Book as on 31st December 2024

AMC: 288.69 Cr Equipment: 668.05 Cr

AMC: 1.69 Cr Equipment: Nil

AMC: 10.70 Cr Equipment: 130.82 Cr

AMC: 279.68 Cr Equipment: 537.23 Cr

Total : 956.74 Cr

Total : 1.69 Cr

Total : 141.52 Cr

Total : 816.91 Cr

Diversified Order Book

Domestic

Export

Total

Training Simulators

299.07

96.68

395.75

Anti-Drone Systems

193.43

227.73

421.16

TOTAL

492.50

324.41

816.91

Financial Statement Summary

Summary of Standalone Profit & Loss Statement

Particulars (₹ in Crore)

KEY PERFORMANCE INDICATORS

Sales

Other Operating Revenue

Total Revenue

Total Operating Expenses

EBITDA

EBITDA Margins

Interest Cost

Depreciation

Profit Before Tax

Profit After Tax

Q3FY25

Q2FY25

Q3FY24

9MFY25

9MFY24

(Unaudited)

141.52

21.96

163.48

104.79

58.69

35.90%

2.73

2.60

53.36

38.62

241.69

8.43

250.11

162.27

87.84

35.12%

2.07

2.32

83.46

65.24

98.08

4.18

102.26

53.85

48.41

47.34%

0.41

1.94

46.06

31.67

637.17

33.43

670.60

417.83

252.77

37.69%

5.81

7.16

239.80

178.03

294.56

11.60

306.16

162.41

143.76

46.95%

1.21

5.17

137.38

96.20

Financial Statement Summary

Summary of Consolidated Profit & Loss Statement

Particulars (₹ in Crore)

KEY PERFORMANCE INDICATORS

Sales

Other Operating Revenue

Total Revenue

Total Operating Expenses

EBITDA

EBITDA Margins

Interest Cost

Depreciation

Profit Before Tax

Profit After Tax (Adjusted for Non-Controlling Interests)

Q3FY25

Q2FY25

Q3FY24

9MFY25

9MFY24

(Unaudited)

152.21

22.04

174.25

108.01

66.24

38.01%

2.96

3.81

59.47

39.72

241.84

8.47

250.31

161.84

88.48

35.35%

2.26

3.84

82.37

62.67

99.52

4.24

103.75

57.03

46.73

45.04%

0.53

2.64

43.56

30.58

648.67

33.62

682.29

413.12

269.17

39.41%

6.42

10.66

252.08

179.20

298.47

12.26

310.73

168.10

142.63

45.90%

1.48

6.76

134.39

92.94

R&D Spends over the Years (In crores)

26.61

20.21

22.02

12.88

13.80

FY21

FY22

FY23

FY24

9MFY25

Strategic Priorities

Continue to grow the sales of Equipment and expand the product portfolio with strong focus on emerging space Anti- Drone systems.

Look for inorganic acquisition which fit in with company’s vision and positioning.

Scale the AMC business, where the contributions from AMC can take care of the fixed operating expenses.

Enhance technical capabilities by increasing our investments R&D and getting into high value-added complex systems.

The business model of the company has been strategically positioned to reduce lumpiness and enhance the profitability in the coming years.

Streamlining operational efficiencies and focusing on cost optimisation and enhancing financial performance.

Evaluating tie ups with OEMs.

Thank You

©2018 ZEN TECHNOLOGIES LIMITED., ALL RIGHTS RESERVED. ZEN TECHNOLOGIES LOGO IS A TRADEMARK OF ZEN TECHNOLOGIES LIMITED. IN ADDITION TO COMPANY DATA, DATA FROM MARKET RESEARCH AGENCIES, STOCK EXCHANGES AND INDUSTRY PUBLICATIONS HAS BEEN USED FOR THIS PRESENTATION. THIS MATERIAL WAS USED DURING AN ORAL PRESENTATION; IT IS NOT A COMPLETE RECORD OF THE DISCUSSION. THIS WORK MAY NOT BE USED, SOLD, TRANSFERRED, ADAPTED, ABRIDGED, COPIED OR REPRODUCED IN WHOLE ON OR IN PART IN ANY MANNER OR FORM OR IN ANY MEDIA WITHOUT THE PRIOR WRITTEN CONSENT. ALL PRODUCT NAMES AND COMPANY NAMES AND LOGOS MENTIONED HEREIN ARE THE TRADEMARKS OR REGISTERED TRADEMARKS OF THEIR RESPECTIVE OWNERS.

Let’s connect

Afzal Malkani

investo rs@z e nte c h no lo g ies . co m C hief F inancial Officer Zen Techno lo gie s Limited

Diwakar Pingle

diwakar . pi n g le @i n .ey . co m Investo r Relatio ns Adviso r E rnst & Yo ung

Abhishek Mehra

abhishe k @ t hei nves t me ntl a b .i n Investo r Relatio ns Adviso r TIL Adviso rs Private Limit ed

Disclaimer:

Certain Statements this presentation concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating these statements include, but are not limited to, risks and uncertainties regarding fluctuations intense competition, political in earnings, instability and general economic conditions affecting our industry. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

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Zen Technologies Limited has informed the Exchange about Investor Presentation

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