Data Patterns (India) Limited — Investor Presentation 2023

Feb 9, 2023

==> picture [161 x 58] intentionally omitted <==

Date: 09.02.2023

	To National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra(E), Mumbai -400051 NSE Symbol- DATAPATTNS	To BSE Limited 25thFloor, P.J. Towers, Dalal Street, Mumbai- 400 001 CompanyCode: 543428

Sub: Investor Presentation

Dear Sir/Madam,

In pursuance to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith investor presentation scheduled on 10[th] February, 2023 at Mumbai with following investors:

S. No.	Name of the Investor
1.	BajajAllianz Life
2.	BajajHoldings & Investment Limited
3.	Carnelian Asset Management LLP
4.	CRUX Asset Management Ltd
5.	Edelweiss Asset Management Limited

This is for your information and record.

Thanking You

For Data Patterns (India) Limited

MANVI BHASIN Digitally signed by MANVI BHASINDN: C=IN, O=PERSONAL, T=1378, OID.2.5.4.65=f0b27f303e3cc8a6da91f95551bd598964aab888271f2e5d3b2d48d1b2c30046, PostalCode=110085, S=Delhi, SERIALNUMBER=3c0768b9bf1c50ea6ce42f252de7b5cceaf6647f293b0599ec1987d5424166aa, CN=MANVI BHASINReason: I am the author of this documentLocation: your signing location hereDate: 2023-02-09 18:46:27Foxit Reader Version: 10.0.1

Manvi Bhasin

Company Secretary and Compliance Officer

==> picture [596 x 108] intentionally omitted <==

==> picture [143 x 50] intentionally omitted <==

Data Patterns ( India ) Limited Corporate Presentation

Disclaimer

==> picture [143 x 50] intentionally omitted <==

~~`~~

This presentation and the accompanying slides have been prepared by and are the sole responsibility of the Data Patterns (India) Limited (“Company”). This presentation contains selected information about the activities of the Company as at the date of this presentation, unless otherwise specifically mentioned. The information in this document has been collected with the purpose to provide interested parties with information about the Company including but not limited to its business and operations. This presentation does not purport to present a comprehensive overview of the Company or contain all the information necessary to evaluate an investment in the Company. This presentation should be read in conjunction with the Company’s other periodic and continuous disclosure announcements, which are available at https://www.datapatternsindia.com/investors.php. This presentation is for information purposes only and is not a prospectus, disclosure document, placement document or other offering document under any law, nor does it form part of, and should not be construed as, any present or future invitation, recommendation or offer to purchase or sell securities of the Company or an inducement to enter into investment activity in any jurisdiction. No part of this presentation nor the fact of its distribution should form the basis of, or be relied on in connection with, any contract or commitment to purchase or subscribe for any securities or make any investment decisions whatsoever. If there is any subsequent offering of any security of the Company, it will be made pursuant to separate and distinct offering documentation, and in such case the information in this presentation will be superseded in its entirety by any such offering documentation in final form. In addition, as this presentation only contains general, summary, and selected information about the Company, it may omit material information about the Company and is not a complete description of the Company’s business and the risks relating to it. Therefore, this presentation should not form the basis of any investment decision to purchase or sell the Company’s securities. Any decision to purchase securities in the context of an offering of securities (if any) should be made solely on the basis of information contained in the offering documentation published in relation to such offering. This presentation is being communicated to selected persons who have professional experience in matters relating to investments for information purposes only and does not constitute a recommendation regarding any securities of the Company. Other persons should not rely or act upon this presentation or any of its contents.

Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking statements” by reason of context, including those relating to the Company’s general business plans, planned projects and strategy, future financial condition and growth prospects, future developments in industry and competitive and regulatory environment. All forward-looking statements are based on judgments derived from the information available to the Company at this time. Forward-looking statements can be identified by terminology such as such as “potential,” "opportunity," “expected,” “will,” “planned,” "estimated", "continue", "on-going" or similar terms.

Forward looking statements are based on the current beliefs and expectations of the Company regarding future events, and are subject to various risks and uncertainties, many of which are difficult to predict. Actual results may differ materially from anticipated results due to factors beyond the Company’s control. Such risks and uncertainties include, but are not limited to, challenges to intellectual property, competition from other products, adverse litigation or government action, and changes to laws and regulations applicable to our industry. This presentation also contains certain financial and operational information relating to the Company that is based on management estimates. These estimates are based on management's past experience and subjective judgment, and the manner in which such estimates are determined may vary from that used for the preparation and presentation of similar information provided by other companies engaged in the sector in which our Company operates. Neither the Company nor its affiliates or advisors or representatives nor any of their respective affiliates or any such person's officers or employees guarantees that the assumptions underlying such forward-looking statements or management estimates are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this presentation or the actual occurrence of the forecasted developments. Forward-looking statements speak only as of the date of this presentation and are not guarantees of future performance. As a result, the Company expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements in this presentation as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward looking statements are based. Given these uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements and management estimates.

The contents of this presentation are strictly confidential. This presentation is being provided solely for the information of the attendees and may not be copied, reproduced or redistributed, in whole or in part, to any other person in any manner without the Company’s written consent. The distribution of this presentation in certain jurisdictions may be restricted by law and recipients by law and recipients should inform themselves about and observe any such restrictions.

This presentation is not a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement or an offer document under the Companies Act, 2013, and the rules made thereunder, as amended, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, or any other applicable law in India. This presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company does not make any representation or warranty, express or implied, as to and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information contained herein or any statement made in this presentation. The presentation has not been independently verified. The Company, and their respective affiliates, directors, employees, advisers and representatives do not accept any liability for any facts made in or omitted from this presentation. To the maximum extent permitted by law, the Company, and their respective affiliates, directors, employees, advisers and representatives disclaim all liability and responsibility (including without limitation any liability arising from negligence or otherwise) for any direct or indirect loss or damage, howsoever arising, which may be suffered by any recipient through use of or reliance on anything contained in or omitted from or otherwise arising in connection with this presentation.

Information in this presentation includes information from publicly available information as well as industry publications and other sources. The information contained in, and the statements made in, this presentation should be considered in the context of the circumstances prevailing at the time. There is no obligation to update, modify or amend such information or statements or to otherwise notify any recipient if any information or statement set forth herein, changes or subsequently becomes inaccurate or outdated. The information contained in this document is provided as at the date of this document and is subject to change without notice. Any investor that intends to deal in any existing or prospective securities of the Company is required to make its own independent investigation and appraisal of the business and financial condition of the Company and the nature of the securities at the time of such dealing. Attendees are deemed to represent that they possess, either individually or through their advisors, sufficient investment expertise to understand the risks involved in dealing in any such securities. No one has been authorised to give any information or to make any representations other than those contained in this presentation, and if given or made, such information or representations must not be relied upon as having been authorised by the Company or their respective affiliates. The information in this presentation does not constitute financial advice (nor investment, tax, accounting or legal advice) and does not take into account an investor’s individual investment objectives, including the merits and risks involved in an investment in the Company or its securities, or an investor’s financial situation, tax position or particular needs. Past performance information in this presentation should not be relied upon as an indication of (and is not an indicator of) future performance.

Certain data contained in this presentation was obtained from various external data sources, and none of the Company nor its affiliates or advisors or representatives has verified this data with independent sources. Accordingly, the Company and its affiliates, advisors and representatives make no representation as to the accuracy or completeness of such data, and such data involves risks and uncertainties and is subject to change based on various factors.

2

==> picture [494 x 576] intentionally omitted <==

Corporate Overview

Data Patterns – One of the fastest growing companies1 in the Defence and 2 … Aerospace Electronics sector in India ~~`~~ Among the few vertically integrated defence and aerospace electronics solutions providers catering to the indigenously developed defence products industry[2]

==> picture [893 x 381] intentionally omitted <==

----- Start of picture text -----

1 Vertically integrated defence and aerospace electronics solutions Defence Aerospace 30+ Years of experience
with end to end capabilities and a large addressable market
P roducts supplied for programmes
Focused on in-house development of communication, surveillance &
2 Design to Delivery LCA-Tejas, Light Utility
defence systems through innovation, design and development efforts
Helicopter, BrahMos
Increasing indigenization,
3 Beneficiary of shifting procurement trends in Defence – Aatma Strong market tailwinds and a large Domestic defence procurement ,
Nirbhar Bharat , Make in India, new defence acquisition policies, others addressable market [2] Higher share of electronics in
surveillance and monitoring systems
Diversified order book with marquee customers along with state of the Rs. 8,880 mn
4
Rs. 1,815 mn
art manufacturing facilities Order book as on Dec ’22
Order book as of Apr’18
Key managerial personnel
5 Experienced management team and skilled workforce associated with Company for 1,036 employees [3] with more than
500+ qualified engineers
more than 2 decades
Highest Revenue growth, EBIDTA margin, ROCE and ROE [1] (for FY20- 33% 65% Gross 37% 31% 23%
6 Revenue CAGR Margin% EBITDA% RoCE [4] RoE [4]
21) amongst key Indian defence and aerospace companies
(9mFY23) (9mFY23) (9mFY23) (9mFY23)
(FY19-FY22)
----- End of picture text -----

4

1. For FY20-21 2. Basis F&S report on “Defence and Space Market” dated 29 November 2021 as included in the RHP 3. As of 31 Dec 2022 4. ROE = PAT/Closing Equity ; ROCE = EBIT/Closing Capital Employed

*9m RoE and RoCEs are annualized

Evolving as a product company with a strong lineage

==> picture [143 x 50] intentionally omitted <==

~~`~~

==> picture [45 x 42] intentionally omitted <==

==> picture [26 x 22] intentionally omitted <==

----- Start of picture text -----

2
----- End of picture text -----

Leading to development of multiple products in-house over the years

• Developed a Fire Control System for Brahmos

• Developed Glass Cockpit Displays / Avionics

• Designed & developed the launch pad countdown system

• Designed and developed Primary Surveillance Radar

• Developed ESM[1] receivers, Satellite and Ground Station

==> picture [124 x 41] intentionally omitted <==

----- Start of picture text -----

3 Decades of
experience in defence
& aerospace industry
----- End of picture text -----

==> picture [38 x 34] intentionally omitted <==

==> picture [26 x 22] intentionally omitted <==

----- Start of picture text -----

1
----- End of picture text -----

==> picture [188 x 25] intentionally omitted <==

----- Start of picture text -----

Focused on in-house development with
end to end design capabilities
----- End of picture text -----

==> picture [43 x 44] intentionally omitted <==

==> picture [26 x 21] intentionally omitted <==

----- Start of picture text -----

3
----- End of picture text -----

==> picture [86 x 14] intentionally omitted <==

----- Start of picture text -----

Way Forward
----- End of picture text -----

Investment in infrastructure and people to scale up

• Rs 358 Mn spent on the new facility upto Dec22; expected to be operational soon

==> picture [31 x 34] intentionally omitted <==

• To double manufacturing space and infrastructure

• Hired 400+ employees in 9M23

==> picture [30 x 77] intentionally omitted <==

----- Start of picture text -----

y
4
----- End of picture text -----

==> picture [52 x 53] intentionally omitted <==

IPO: Various product wins and healthy build up Dec 2021 of order book

• Breakthrough in end to end radar integration – Rs 3.6 bn order to develop space surveillance radar for DRDO

• Tender wins competing against large public as well as private Indian defence and industrial conglomerates

==> picture [48 x 49] intentionally omitted <==

==> picture [26 x 22] intentionally omitted <==

----- Start of picture text -----

5
----- End of picture text -----

Product portfolio expansion leveraging existing building blocks

  - Build on current product portfolio in areas such as

     - **Radar**

     - **Satellites**

     - **Electronic Surveillance & Monitoring (ESM)**

     - **Communication**

  - Develop **capabilities for large order sizes**

• L1 in Dornier Upgrade program in Radar and ESM

• Producing 1,000+ building blocks that can be used on multiple end systems

• Order book of Rs 8,880 Mn as of Dec-22

• Development of complete systems / sub-systems across platforms - space, air, land and sea

5

1. Electronic Surveillance & Monitoring

Diverse Product Portfolio

==> picture [143 x 50] intentionally omitted <==

==> picture [960 x 453] intentionally omitted <==

----- Start of picture text -----

`
Category Select Product offerings Category Select Product offerings
COTS modules designed
Commercial in context of reusable BrahMos • Fire control systems
off the shelf Programme
(COTS) building blocks for • Mobile autonomous launcher
building Military
• Airborne launcher and
Electronics systems
VPX Multi VPX Zynq
with a quick turnaround core SBC MPSoC based High Density • Other electronic systems
Quad Core DIU Air Version Launcher Missile Checkout
time for Brahmos Sukhoi-30 System
Light Utility Helicopter Cockpit display Digital Direction Radar Warning
Avionics Electronic • Surveillance and Finder Receiver
Avionics displays used on : Surveillance intelligence gathering
• & Monitoring
Light Combat Aircraft (“LCA”), (“SIGINT”)
• Intermediate Jet Trainers Airborne Radar Warning Receiver
• Further divided into
• Light Utility Helicopters (“LUH”) COMINT and ELINT
Surveillance radars Weather radars Tracking Radars
Communica • Underwater electronics / Communications / Other Systems Radars
tions, ATEs
and • Automated Test Equipment (ATE)
Satellites
• Small and Nano Satellites
Oceanography Automated Test
Product equipment for INS
Shikra
----- End of picture text -----

6

Addressing multiple markets

==> picture [143 x 50] intentionally omitted <==

~~`~~

==> picture [905 x 451] intentionally omitted <==

----- Start of picture text -----

1 Developmental Contracts
DRDO Defence PSU
Projects leads to Production / Repeat requirements
Programs leads to Annuity requirements
5 Exports / Offsets Addressing through differentiated product offering 2 MoD Tenders
Radars, Electronic Surveillance & • Requirements is for large
Available
Monitoring systems, Fire control Available Products / numbers and longer
Products /
systems, Avionics, Missile Systems timeframe
Systems
Seekers, Communications, Small 01 Partnership with • Compete with imported
satellites OEM products using in house
developed products
05 02
4
Civilian Requirements 3
Indian Defence Eco-system
04 03
•
Ability to build nano satellites •
Develop Sensors,
Satellites and
• Platform /
Wind profile radar similar to the
Electronics, Avionics
Wind profile
Weapon System
radar developed by our company  In-house
radars
Development
is now required by government  In partnership
meteorological department in with OEM
the civilian space
----- End of picture text -----

7

Leading to a continued scale up of order book ~~`~~

Gross order inflow increased ~3x in 9mFY23 vis a vis 9mFY22

	50% 36% 48% 63% 2% 9MFY22 9MFY23 Service Development Production 1% 6,802 2,195	50% 36% 48% 63% 2% 9MFY22 9MFY23 Service Development Production 1% 6,802 2,195	50% 36% 48% 63% 2% 9MFY22 9MFY23 Service Development Production 1% 6,802 2,195
	9MFY22
	Major orders received in 9mFY23
Product		Order Type	Value (Rs mn)
Radar		Development	3,624
FCS		Production	400
Avionics		Production	174
Communication		Development	157
ESM		Dev and Production	432

==> picture [143 x 50] intentionally omitted <==

==> picture [361 x 247] intentionally omitted <==

----- Start of picture text -----

Order book as on Dec22 at Rs 8,880mn ~1.5x of Dec21 levels
Service Development Production
Rs mn
8,880
6%
5,769
56%
10%
22%
38%
68%
Dec-21 Dec-22
----- End of picture text -----

Key considerations

• Robust development contracts in order book ensures higher production contracts visibility

• Continue to focus on increasing order size

8

Progress around Defence modernization programmes ~~`~~

==> picture [143 x 50] intentionally omitted <==

==> picture [61 x 60] intentionally omitted <==

Dharashakti programme

• Received single vendor orders from DLRL for development and supply of all of the COMINT / ELINT search receivers, Direction Finder & Monitoring / Search receivers.

==> picture [61 x 60] intentionally omitted <==

Radar Warning Receivers / ESM

• Part of the Radar Warning Receivers / ESM for the Airborne Early Warning System (“AEW &C”) to DLRL which has been fitted on the Embraer early warning radar developed by Centre for Air Borne System (“CABS”)

• In a position to be an OEM for the entire receiver systems

==> picture [61 x 59] intentionally omitted <==

MI 17 Upgrades, Dornier Upgrades, Aerostat upgrades,

• Expertise gained in the Dharashakti project would also position to cater for airborne COMINT and ELINT equipment for various upgrades of any new rotary wing programmes

==> picture [61 x 59] intentionally omitted <==

Next Gen completely wide open for LCA Mk IA and Sukhoi 30 platforms

• Likely to deliver Next Gen completely wide open for LCA Mk IA and Sukhoi 30 platforms subject to flight testing.

• After flight testing, these can be fitted on the LCA MK IA on order as well as the Sukhoi 30 upgrades, attack helicopters, etc.

==> picture [60 x 59] intentionally omitted <==

Airborne surveillance radar

• Has delivered an airborne surveillance radar (all of the hardware) to LRDE (Testing completed) and will be likely inducted in Navy’s Dornier upgrade and new helicopter programmes

==> picture [60 x 60] intentionally omitted <==

Arudhra Radar

• Expected to supply multiple units of AGRU/ Arudhra radar

• Likely to generate revenues in the next few years based on the requirement

• projection of IAF

==> picture [60 x 60] intentionally omitted <==

Ashwini LLTR

• Partner in development of these radars as a single vendor incl. TR modules, AGRU, signal processor, etc

• Expected to realise revenue in the next few years.

==> picture [60 x 60] intentionally omitted <==

Light weight ESM requirements

• ESM capability will help in supplying products for Light weight ESM products which have a heavy requirement in mountainous borders as they are not adequately covered

9

==> picture [494 x 576] intentionally omitted <==

Way Ahead - Strategies

Strategy for next phase of growth ~~`~~

==> picture [143 x 50] intentionally omitted <==

==> picture [40 x 38] intentionally omitted <==

==> picture [42 x 39] intentionally omitted <==

Transitioning from DRDO Model to Proprietary Product Development

MOD Business

Proprietary Leverage existing competencies to Products mitigate product development risk Compete in areas with Complete Foreign OEM presence systems

==> picture [66 x 201] intentionally omitted <==

Key Differentiators for Data Patterns

Leveraging existing competencies

• Leveraging existing competencies across target product categories with significant lead and vendor credentials

Capabilities

==> picture [85 x 52] intentionally omitted <==

• Building Blocks in place for reuse across products and to crunch timelines and costs

• • Focus on Key product categories with significant presence i.e Nano/Micro Satellites Radars, ESM and Communication systems

1

2

3

==> picture [103 x 102] intentionally omitted <==

==> picture [186 x 14] intentionally omitted <==

----- Start of picture text -----

Larger TAM for Data Patterns
----- End of picture text -----

MOD tenders open to industry

GOI committed to buy from Indian companies Increasing Indigenization

Revenue Scalability and Sustainability

• Potential to bid for larger full systems contracts Re-use developed products for global expansion/ multiple programmes

Better Margins

Cost advantage given products developed in India

==> picture [179 x 161] intentionally omitted <==

----- Start of picture text -----

Make in India
Advantage
----- End of picture text -----

Alternative to foreign OEM products

• Cost advantage compared to players who may have to collaborate with foreign OEMs

• Better pricing can lead to better win rates

• • Products developed in India - better PWIN

11

Focus on Key Product verticals

[1/2]

==> picture [143 x 50] intentionally omitted <==

~~`~~

1

==> picture [102 x 104] intentionally omitted <==

----- Start of picture text -----

2
----- End of picture text -----

Product

Satellite

Existing Successful development

Radars

Existing Successful development

Demonstrated Capabilities

• Designed and launched compete satellite in India

• • Capabilities to design payloads like ESM, Imaging (RF and ESM), other remote sensing, others

• Comprehensive exposure to Ground stations including Radars and Command control, high speed communication links, etc

• • Implemented capabilities for large satellites

==> picture [62 x 63] intentionally omitted <==

==> picture [93 x 58] intentionally omitted <==

==> picture [87 x 53] intentionally omitted <==

Nano Satellite

Satellite Integrated Testing

Antenna Tower

• Designed building blocks to complete radars systems in India

• • Re-use already developed building blocks to meet timelines

• Building Blocks in Signal Processing, Antenna, Transmit/Receive modules, etc.

• VHF, S, C and X Band, Gimbal, algorithms, Radar display, consoles, etc

==> picture [87 x 54] intentionally omitted <==

==> picture [89 x 53] intentionally omitted <==

==> picture [85 x 55] intentionally omitted <==

==> picture [69 x 18] intentionally omitted <==

----- Start of picture text -----

Single Board
Computer-Next Gen
----- End of picture text -----

Wide Band Digital Receiver

==> picture [23 x 7] intentionally omitted <==

----- Start of picture text -----

DTRM
----- End of picture text -----

Potential Opportunity

• Large market for Defence and LEO satellites (Domestic as well as International)

• • Focus on Micro Satellites

• Being Made in India – its cost effective

==> picture [121 x 59] intentionally omitted <==

==> picture [88 x 58] intentionally omitted <==

Satellite Internal View

Thapsat Satellite

• Focus on Fire Control Radars, X-Band Radars and smaller Radars for UAVs

• Cost competitive with in-house IP

• • Export Potential

==> picture [96 x 60] intentionally omitted <==

==> picture [81 x 57] intentionally omitted <==

Antenna Assembly fixture

Antenna PCB

12

Focus on Key Product verticals

[2/2]

==> picture [143 x 50] intentionally omitted <==

~~`~~

3

4

Product

Electronic Surveillance & Monitoring

Existing Successful development

Communication Systems

Existing Successful development

Demonstrated Capabilities

Potential Opportunity

• Developed state of the art ESM Receivers from 1MHz to 40GHz

• • Both COMINT and ELINT including DF can be used in

• Potential large market with future tenders

• • Requirement across Army, Air Force and Navy

• Truck Mounted Systems / UAV Based ESM Systems

• POD based jammers / Comm Jammers / Stand Off Jammers

==> picture [75 x 56] intentionally omitted <==

==> picture [84 x 57] intentionally omitted <==

==> picture [89 x 56] intentionally omitted <==

==> picture [86 x 60] intentionally omitted <==

==> picture [99 x 49] intentionally omitted <==

V/U/SHF Monitoring VHF/UHF/SHF Receiver 5 Channel Search Receiver Processor Exciter Receiver

Radar Warning Receiver

ELINT DF System

     - Military Radars, Radio Relays, etc. are being procured under emergency Fast Track

  -

• Developed SDR Platform for

• Fighter Aircrafts

• procurement

• • Large volume requirements

• Radio Relay for Airborne Platforms/UAVs

• Radio Relays

• Requirement across Army, Navy and Air Force

==> picture [168 x 76] intentionally omitted <==

==> picture [223 x 69] intentionally omitted <==

==> picture [90 x 63] intentionally omitted <==

Radio Relay

Programmable Radio Hardware Platform Type I & II

==> picture [96 x 9] intentionally omitted <==

----- Start of picture text -----

Communication / Data Link
----- End of picture text -----

13

==> picture [494 x 576] intentionally omitted <==

Financial Performance

And a Robust Q3 performance

==> picture [143 x 50] intentionally omitted <==

==> picture [960 x 495] intentionally omitted <==

----- Start of picture text -----

`
QoQ gross order inflow >3x >2.5x QoQ revenue growth
Service Development Production Rs mn Service Development Production
Rs mn 1,633 7%
Strong QoQ order 2% Rs 1,118mn
7%
inflow and revenue 20%
28%
growth
Rs 438mn
494 78%
1% 18% 19%13% 65%
81% 67%
Q3FY22 Q3FY23
Q3FY22 Q3FY23
EBITDA (INR Mn) and Margins (%) Net Profit (INR Mn) and Margins (%)
Rs mn 36% 42% Rs mn 20% 30%
Significant
333
Improvement in 470
EBITDA and PAT
margins
157
90
Q3FY22 Q3FY23
Q3FY22 Q3FY23
15
----- End of picture text -----

Consistent track record of profitable growth due to a scalable business model ~~`~~

==> picture [143 x 50] intentionally omitted <==

==> picture [901 x 432] intentionally omitted <==

----- Start of picture text -----

52%+ growth CAGR FY19-9mFY23 ~ 33% Revenue CAGR from FY19-FY22 High Gross margin
Order Book Rs mn Revenue from operations Rs mn Gross Margins & Gross Margins %
Rs mn
8,880 90% 2,247 81%
3,108
80% 69%
2,684 64% 1,756
5,855 2,239 70% 72%
60%63% 1,535
4,980 4,760 65%
1,561 50%
1,403 1,000 1,139
1,311 40% 821
1,815 30%
20%
10%
FY19 FY20 FY21 FY22 9MFY23 0%
FY19 FY20 FY21 FY22 9mFY22 9MFY23
FY19 FY20 FY21 FY22 9MFY22 9MFY23
~ 76% EBITDA CAGR from FY19-FY22 Improving PAT Margins Improving ROE and ROCE [1]
ROE ROCE
EBITDA & EBITDA Margins PAT and PAT margins Lower debt levels with Debt equity ratio reducing
from 0.45x in Mar-19 to 0.02x in Sep-22
Rs mn
Rs mn
1,410 940 36%
31%
27%
919 45% 985 556 687 23% 23%
38%
18%
16%
432 37% 30% 14%
257 28% 41% 535 210 25% 322 26% 6% 10%
77
20%
23%
13%
6%
FY19 FY20 FY21 FY22 9mFY22 9MFY23
FY19 FY20 FY21 FY22 9mFY22 9MFY23 FY19 FY20 FY21 FY22 9MFY23
----- End of picture text -----*

*9m RoE and RoCEs are annualized

16

1. ROE = PAT/Closing Equity ; ROCE = EBIT/Closing Capital Employed

==> picture [494 x 576] intentionally omitted <==

Appendix

Competencies built over the past 30+ years

==> picture [143 x 50] intentionally omitted <==

~~`~~

Reusable building blocks

End-to-end capabilities

==> picture [843 x 419] intentionally omitted <==

----- Start of picture text -----

Produces 1,000+ building blocks that can be used on multiple end Among the few Indian company having design capabilities across the entire
systems in defence and aerospace spectrum of strategic aerospace and defence electronics solutions [1]
In-house Design Complete systems Across platforms –
Building blocks have laid the foundation of
to Delivery / sub-systems space, air, land
own products and sea
Setup the complete system from building
blocks, designed in-house with IP Capabilities Mech. Engg. Processers
built over 3
decades
Capabilities across
Spreading out the development costs over spectrum of
multiple programmes Embedded electronic solutions RF and
Software Microwave
COTS Components are fast becoming the
Firmware
building blocks of defence equipment
----- End of picture text -----

18

1.. Basis F&S report on “Defence and Space Market” dated 29 November 2021 as included in the RHP

State of the Art Manufacturing Facilities

==> picture [143 x 50] intentionally omitted <==

~~`~~

Key features of manufacturing facility

~ 5.75 Acres

• Of land in Chennai, SIPCOT  100,000 class clean room area

• Electronic assembly facility

• Manual soldering certified to Space grade standards

~ 100,000 sq. ft

• EMS assembly capacity of 600 boards per day

• Aggregate of built up area of manufacturing facility  Capability to handle complex boards with 22 layer, 6k components and 21k solder points

• Dedicated Mechanical assembly stations to assemble small and large systems

~2.81 acres

Land for proposed and various others… expansion

==> picture [43 x 44] intentionally omitted <==

Proposed expansion

• Spent Rs 358 Mn till Dec 22 for expansion of the new facility

Environmental

Certification

  - Proposed doubling of floor area and manufacturing infrastructure

• JSS55555

• MIL-STD-461  Addition of large & heavy equipment, integration of large radars & mobile electronic surveillance &

• • MIL-STD-810 including for monitoring systems.

• Highly Accelerated Life Test /  Expected to get fully operational soon Highly accelerated stress screening.

Manufacturing facility at Chennai, India

==> picture [374 x 121] intentionally omitted <==

==> picture [75 x 21] intentionally omitted <==

----- Start of picture text -----

Existing Facility
Enhancement
----- End of picture text -----

• Expansion Enhancement

• • Large Systems Integration Hangar • Augmented Design & Development Facility

• Complete Radar Integration • Additional Space For Design and

• • Electronic Surveillance & Monitoring Vehicle Development Resources

• Electronic Surveillance & Monitoring Vehicle

  • Clean Room for Satellite Integration

• Integration

• Additional Test Facility • Additional EMS Line

• Augmented Environmental Test Infrastructure • Multi Ton material handling

==> picture [111 x 68] intentionally omitted <==

==> picture [114 x 69] intentionally omitted <==

==> picture [117 x 70] intentionally omitted <==

==> picture [349 x 11] intentionally omitted <==

----- Start of picture text -----

EMS Line Multizone Reflow Oven X ray inspection system
----- End of picture text -----

19

Highly Reputed and an Experienced Management Team ~~`~~

==> picture [143 x 50] intentionally omitted <==

==> picture [72 x 75] intentionally omitted <==

Mr. Srinivasagopalan Rangarajan Promoter, Chairman & Managing Director

• Over 3 decades of experience in business development, corporate affairs, finance and marketing

• B.Tech in Chemical Engineering from University of Madras, M.S from IIT, Madras

==> picture [69 x 71] intentionally omitted <==

Ms. Rekha Murthy Rangarajan Promoter, Whole Time Director

• Over 3 decades of experience in administration, facility maintenance, HRD, process engineering and special projects

• B.A from Bangalore University, M.A in applied Psychology from Madras University

Mr. Vijay Ananth K

Whole Time Director, COO and Chief Information Security Officer

• Over 2 decades of experience in software engineering and product management

• BCS from Manomanian Sundaranar

• University and Masters degree in computer applications from the University of Madras

Mr. Venkata Subramanian Venkatachalam Chief Financial Officer

• Over 2 decades of experience in finance sector

• B.Com from Madurai Kamaraj University, Member of ICAI

• Associated with Data Patterns – 20+ years

==> picture [69 x 72] intentionally omitted <==

Mr. Desinguraja Parthasarathy Chief Technology Officer

• 32 years experience in product development

• B.E from University of Madras

• Associated with Data Patterns – 30+ years

• Associated with Data Patterns – 20+ years

Mr. Thomas Mathuram Susikaran SVP – Business Development

• 21 years of experience in Business Development and marketing

• B.E from Madurai Kamaraj University and a Masters’ degree of tech in electrical engineering, IIT – Madras

Ms. Manvi Bhasin

Company Secretary and Compliance Officer

• 3 years of experience in legal and secretarial matters

• PGDM from Lal Bahadur Shastri Institute,, Associate of the ICSI

• Joined Data Patterns in 2021

• Associated with Data Patterns – 20+ years

20

Well Rounded and Diverse Board

~~`~~

==> picture [143 x 50] intentionally omitted <==

Mr. Prasad Raghava Menon

Non-executive, Independent Director

• Served as Managing Director of Tata

• Chemicals Ltd and Ex-Tata Power Company Ltd.

• Bachelor’s degree from IIT, Kharagpur

==> picture [83 x 85] intentionally omitted <==

Mr. Vadlamani Venkata Rama Sastry

Ms. Anuradha Sharma

Non-executive, Independent Director

Non-executive, Independent Director

• Founder of H.R. Practice Private Limited.

• Retired Chairman and M.D of Bharat Electronics Limited and ex-Executive Director of Centre for Development of Telematics

• Directorship in Gokaldas Exports Limited and Peopable Advisory Services Private Limited

• B.Sc and B.E in electronics and communication from Andhra University

• Graduate from Xavier School of Management

Mr. Sowmyan Ramakrishnan Non-executive, Independent Director

• Ex-Executive Director and CFO of Tata Power.

• Bachelor’s degree in technology (mechanical engineering) from IIT-M and a PG Diploma in Business Administration from IIM-A and M.A from Department of Oriental Studies and Research

Mr. Mathew Cyriac Nominee Director

• 23 years of experience in investment banking and private equity.

• Previously associated with Blackstone Advisors, Bank of America, DLJ Merchant Banking Partners and Credit Suisse

• Bachelor’s degree in technology (mechanical engineering) from Anna University and Post graduate diploma in management from IIM-B (gold medalist)

21

Well-Positioned to benefit from Make in India Opportunity ~~`~~

==> picture [143 x 50] intentionally omitted <==

Focused on designing & developing indigenized products making it a beneficiary of India’s “AtmaNirbhar” defence structural reforms

==> picture [31 x 35] intentionally omitted <==

Focused on designing and building own products across the manufacturing value chain to developing products and sub-systems

==> picture [31 x 35] intentionally omitted <==

Well positioned to rapidly commercialise or scale-up a number of existing products or building blocks to end systems or complete solutions

==> picture [31 x 35] intentionally omitted <==

Concentrate on building complete systems from the building blocks and sub-systems already developed, provides a higher value addition while distributing development costs

Examples:

Using the experience of working with DRDO and development of wind profile radar, the company successfully bid and won a contract of Rs 380Cr from Ministry of Defence for nine precision approach radars for Navy and Airforce which are currently at delivery stage

Wind profile radar built for Cochin University of Science and Technology is the world’s first 205MHz radar – complete in house development

==> picture [56 x 60] intentionally omitted <==

==> picture [42 x 37] intentionally omitted <==

==> picture [55 x 61] intentionally omitted <==

==> picture [42 x 37] intentionally omitted <==

Subsequently received contracts to build 2 more Nano Satellites

Developed and deployed our first Nano Satellite in 2017

==> picture [55 x 58] intentionally omitted <==

==> picture [42 x 38] intentionally omitted <==

Developed and supplied Military COTS type processor for DRDO

Subsequently redeployed for other projects by various DRDO laboratories including in naval applications in ships & helicopters

==> picture [239 x 397] intentionally omitted <==

----- Start of picture text -----

Defence Modernization Program
Arudhra Radar
Light weight ESM requirements
Ashwini LLTR
Airborne surveillance radar
Dharashakti programme
Radar Warning Receivers
----- End of picture text -----

22

Historical Statement of Profit and Loss

==> picture [143 x 50] intentionally omitted <==

~~`~~

Particulars (Rs. Mn)	FY20	FY21	FY22	9mFY22	9mFY23
Revenue from Contract with Customers	1,561	2,239	3,108	1,403	2,684
Other Income	41	26	40	14	54
Total Revenue	1,602	2,265	3,148	1,417	2,738
Expenses:
a)Cost of materials consumed	532	630	916	390	1,203
b) Changes in inventories of FG, WIP and SIT	29	74	-55	-126	-275
c)Employee benefits expenses	423	484	624	452	551
d)Finance cost	133	145	110	75	49
e)Depreciation / Amortization	55	56	66	48	62
f)Other expenses	146	131	213	151	220
Total Expenses	1,318	1,520	1,874	990	1,810
Profit before tax	284	745	1,274	426	928
Tax expense	74	189	334	105	241
Profit(Loss)for theperiod	210	556	940	322	687
Other Comprehensive Income	0	-10	-12	1	-1
Total Comprehensive Income for theyear	210	546	928	323	686
PAT%	13.1%	24.5%	29.9%	22.7%	25.1%
EBITDA	432	919	1410	535	985
EBITDA margin%	27.7%	41.1%	45.4%	38.1%	36.7%
Return on Equity1	13.7%	26.8%	16.4%	17.0%*	22.7%*

• *9m RoE

• ROE = PAT/Closing Equity ;

23

Historical Balance Sheet

==> picture [143 x 50] intentionally omitted <==

~~`~~

	Particulars(Rs. Mn)	Mar-20	Mar-21	Mar-22	Sep-22		Particulars(Rs. Mn)	Mar-20	Mar-21	Mar-22	Sep-22
	ASSETS						EQUITY AND LIABILITIES Equity
	Non-current assets (a)Property, Plant and Equipment	278	292	442	476		(a)Share capital (b)Other Equity Total equity and liabilities	17 1,518 1,535	17 2,061 2,078	104 5,641 5,745	104 5,812 5,916
	(b)Capital Work in Progress	-	-	173	248		Liabilities
	(c)Intangible Assets	2	6	14	17		Non-current liabilities
	(d)Right of Use Assets (e)Others*	54 465	32 341	20 1,219	192 1,135		(a)Financial Liabilities (i)Borrowings (ii)Lease Liabilities	6 38	98 24	7 11	5 9
	Total non-current assets	799	671	1,868	2,068		(b)Provisions	56	85	112	119
	Current assets						(c)Deferred Tax Liability (Net) (d)Other Non Current liabilities	8 143	8 274	- 157	- 88
	(a)Inventories	794	737	1,198	1,778		Total non-current liabilities	251	489	287	221
	(b) Financial Assets						Current liabilities (a)Financial Liabilities
	(i)Trade receivables	1,156	1,559	1,983	2,497		(i)Borrowings	600	235	60	114
	(ii)Cash and cash equivalents	15	88	1,771	104		(ii)Tradepayables	173	120	382	542
	(iii)Other Financial Assets (c)Other current assets	37 153	51 178	90 158	673 139		(iii)Other Financial Liabilities (iv)Lease Liabilities (b)Other current liabilities	79 21 225	40 15 246	221 13 227	126 13 312
	Total current assets	2,155	2,613	5,200	5,191		(c)Provisions	15	10	7	8
	TOTAL ASSETS	2,954	3,284	7,068	7,259		(d)Current tax Liabilities Total current liabilities	55 1,167	51 717	126 1,036	7 1,123
							TOTAL EQUITY AND LIABILITIES	2,954	3,284	7,068	7,259

24

*Others include Deferred Tax Assets, Other Financial Assets and Other non-current assets

~~`~~

Historical Cash Flow

==> picture [143 x 50] intentionally omitted <==

Particulars (Rs. Mn)	Mar-20	Mar-21	Mar-22	Sep-22
Net Profit before tax	284	745	1,274	481
Adjustments for :
Add : Depreciation	55	56	66	41
Add : Interest And Finance Charges	133	145	110	28
Less: Profit on sale of assets	-2	-1	-
Less: Interest Income	-26	-22	-40	-35
Less: Gain/ loss on disposal of Right of Use of Asset	-	-
Operating Profit Before Working Capital Changes	444	923	1,410	515
Adjustments For Working Capital Movements :	-264	-190	-624	-995
Cash Generated From Operations	180	733	786	-480
Direct Taxes (Paid) /adjusted	-28	-190	-284	-240
Net Cash flow From Operating Activities (A)	152	543	502	-720
Cash Flow From Investing Activities (B)	14	-27	-1,178	-612
Cash Flow From Financing Activities (C)	-154	-443	2,359	-335
Net Increase in Cash & Cash Equivalents (A+B+C)	12	73	1,683	-1,667
Cash & Cash Equivalent At The Beginning Of The Year	3	15	88	1,771
Cash & Cash Equivalent At The End Of The Year	15	88	1,771	104

25

Thank You

==> picture [571 x 354] intentionally omitted <==

==> picture [246 x 120] intentionally omitted <==