Data Patterns (India) Limited — Investor Presentation 2022

Oct 31, 2022

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Date: 31.10.2022

To To Na�onal Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, 25[th] Floor, P.J. Towers, Bandra(E), Dalal Street, Mumbai -400051 Mumbai- 400 001 NSE Symbol- DATAPATTNS Company Code: 543428

Sub: Investor’s Presenta�on

Dear Sir/Madam,

In pursuance to Regula�on 30 of SEBI (Lis�ng Obliga�ons and Disclosure Requirements) Regula�ons, 2015, please find enclosed herewith investor presenta�on scheduled on 01[st] November, 2022.

This is for your informa�on and record.

Thanking You

For Data Pa�erns (India) Limited

BHASINMANVI 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: 2022-10-31 21:17:41Foxit Reader Version: 10.0.1

Manvi Bhasin Company Secretary and Compliance Officer

Encl as above

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Data Patterns ( India ) Limited Investor Presentation Q2 and H1FY23

31[st] Oct, 2022

Q2 and H1FY23 Earnings Presentation

Disclaimer

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This presentation and the accompanying slides (the “Presentation”), which have been prepared by Data Patterns (India) Limited (the “Company”) solely for the information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever.

Certain statements in 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 Risk and uncertainties relating to the statements include, but are not limited to, risks and uncertainties regarding fiscal policy, competition, inflationary pressures and general economic conditions affecting demand / supply and price conditions in domestic and international markets. 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.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. The Company does not make any promise to update/provide such presentation along with results to be declared in the coming years.

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Q2 and H1FY23 Earnings Presentation

Agenda of the Presentation

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Chairman’s Statement

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Business Outlook

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Opportunities in Pipeline and Defence Expo Highlights

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Overview of Half Year

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Q2 and H1 Financial Performance

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Corporate Overview

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Q2 and H1FY23 Earnings Presentation

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MD’s Comment on Half Year Performance

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Mr. Srinivasagopalan Rangarajan Promoter, Chairman & Managing Director

“ Data Patterns is uniquely positioned to benefit from the sectoral tailwinds our R&D and strong given strength our Our current manufacturing capabilities. quarterly is one the best in the the performance of history of and has our internal We company surpassed targets. are on our stated confident of delivering guidance of 25%-30% topline growth given our strong and growing order book”.

First private company in India to receive Raksha Mantri Award from Defence Minister in developing Precision Approach Radar

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Q2 and H1FY23 Earnings Presentation

Our Achievement in First Half Year Record H1 Profitability

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Strong order book as on 30[th] Sep at Rs 837cr

Record Revenue; grew 62% YoY to Rs 156cr EBITDA increased 36%YoY to Rs 51cr

Healthy Gross Margins at 65% and EBITDA Margins at 33%

Strong Balance Sheet; Net Debt Free Company

High Return Ratios - RoE and RoCE at 18% and 25% respectively

New Manufacturing facility is expected to be commenced from Q3 FY23

Order inflow in H1 of Rs 517cr, grew 3x YoY

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Rs 18cr Dividend Paid ; DPS was Rs 3.5

Export revenue and order inflow accounts to Rs 34cr and Rs 50cr respectively

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Revenue CAGR of 33% and EBITDA CAGR of 73% over FY19-FY22

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Cash in hand at Rs 68cr

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PAT at Rs 35cr; up 52% YoY

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Q2 and H1FY23 Earnings Presentation

• RoE and RoCE calculated on TTM basis

What We Look to Achieve in Next Two Years

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Targeting larger opportunities in Radar, EW and Satellite business

Expects to be a major participant for Rs20-30bn worth of contracts in the next 3-4 years

Efficient execution to promote operating leverage; Should drive strong Gross and EBITDA margins

Exploring larger opportunities in export market; Working in collaboration with domestic players

Doubling the existing manufacturing facility: To be fully operational from Q3 onwards

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Strong Top Line Growth: 25-35+% Sustainable High Margins: 40%

Maintain Net Debt Free Status High Returns to Shareholders: ROE and RoCE at 20%+ Maintain Strong Order Pipeline

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Q2 and H1FY23 Earnings Presentation

Defence Expo’22 Highlights

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First Defence expo where only Indian companies participated and featured only Made in India Equipments

Received The Raksha Mantri Award for excellence for year 2022, becoming the first private company in India to receive this honour in the category under medium scale industry for their best of innovations in development of the Precision Approach Radar (PAR).

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1. India targets to achieve Rs 350bn worth exports; equally endorsed by PSUs and private players 2. 4[th] positive Indigenization list includes 400+ items

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1. It is in process of building the scaled down version of the space surveillance Radar for DRDO

2. SDRs trails are under way and once it approves, substantial orders would aid further growth

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Q2 and H1FY23 Earnings Presentation

Order Inflow in Q2FY23

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Order Intake of Rs 471cr- Ahead of Expectations

Radar Electronic Warfare Avionics and Navy Others Rs 363cr Rs 30cr Rs 22cr Rs 56cr

Export production order Development Orders from Development and from UK DRDO, Bangalore Production orders from DRDO, Hyderabad Production order from DPSU

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Development order from DRDO, Dehradun Production order from BrahMOS

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Q2 and H1FY23 Earnings Presentation

Order Book Buildup in Q2FY23

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Order Book as on date is Rs 1,012cr including orders received in Oct’22 and those finalised and yet to be received

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Order Back
Orders as on
30 [th] June, New Orders Orders log as on
2022 in Q2FY23 Executed 30 [th] Sep
2022
Rs 4,534mn Rs 4,713mn Rs 881 mn
Rs 8,366 mn
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Fire control system for BrahMos Missile, Avionics for LCA, RWR for Fighter Aircraft, ELINT for Airborne and Ground Platform and Radar Subsystems are key orders in pipeline for FY23

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Q2 and H1FY23 Earnings Presentation

CFO’s Comment on Half Year Performance

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Mr. Venkat Subramanian Chief Financial Officer

“We have delivered the ever second highest quarter revenue. H1 revenue growth is 62% and we have maintained 65%. Order is strong gross margins of inflow greater than expected which gives us good revenue visibility. We are continuously making efforts on managing the a macro working capital despite challenging environment. zero net We have strong balance sheet with debt and are fully poised for next stage of growth”

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Q2 and H1FY23 Earnings Presentation

Q2 and H1FY23: Financial Performance

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Particulars (Rs. Mn)	Q2FY23	Q2FY22	YoY (%)	Q1FY23	QoQ (%)	H1FY23	H1FY22	YoY (%)
Revenue from Operations	882	592	49.0	684	28.9	1,565	965	62.2
Gross Profits	572	418	36.8	242	136.4	1,014	754	34.5
Gross Profit Margin(%)	64.9	70.5		64.7		64.8	78.2
EBITDA	302	206	46.6	213	41.8	514	378	36.0
EBITDA Margin (%)	34.2	34.7		31.1		32.8	39.2
Depreciation/Amortization	21	15	40.0	20	5.0	41	30	36.7
EBIT	281	190	47.9	193	45.6	473	349	35.5
EBIT Margin(%)	31.8	32.2		28.2		30.2	36.2
Other Income	19	3	533.3	17	11.8	36	7	414.3
Finance Cost	12	26	-53.8	16	-25.0	28	48	-41.7
PBT	287	167	71.9	194	47.9	481	308	56.2
Tax expense	76	39	94.9	52	46.2	128	76	68.4
Profit(Loss)for the period	211	129	63.6	142	48.6	353	232	52.2
PAT Margin (%)	23.9	21.8		20.8		22.5	24.1
EPS(Rs)	4.1	2.8		2.7		6.8	5.0	~~11~~

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Q2 and H1FY23 Earnings Presentation

Record Revenue Growth of 62% YoY in H1

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Revenue – Q2FY23 and H1FY23

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Rs 882mn
Rs 1,565mn
Rs 965mn
Rs 592mn
Q2FY22 Q2FY23 H1FY22 H1FY23
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Q2 Highlights

H1 Highlights

• Revenue growth was 49% to Rs 882mn

• Revenue growth was superior at 62% to Rs 1,565mn

• Production revenue was Rs 633mn

• Production revenue was Rs 950mn

• Gross Margin at 65%; EBITDA growth of 47% YoY

• Gross Margin at 65%; EBITDA growth of 36% YoY

• Q2 PAT at Rs 211mn; up 64% YoY

• H1 PAT at Rs 353mn; up 52% YoY

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6

Diversified Revenue Profile

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Developmental contracts/order book translates to strong production revenues

Revenue in INR mn

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Service 1,705 3,108
Development 20% 7%
Production 25%
13%
881 1,565
683
6%
592
1% 438 3% 3% 25% 965 34%
68%
13% 10% 67% 37% 5% 11%
7%
72%
87% 84% 61%
82% 60%
Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 H1FY22 FY22 H1FY23
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Q2 Highlights

H1 Highlights

• Revenue from Development contracts showed strong growth from Q2; grew 3x

• Revenue from Development contracts showed strong growth from negligible amount in H1FY22; grew 5x

• Revenues from Production contracts grew by 23% YoY at Rs 633mn ; Q2 order inflow primarily from Development contracts

• Revenues from Production contracts grew 17% YoY at Rs 950mn 13 Q2 and H1FY23 Earnings Presentation

Q2FY23: Revenue Breakup

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Product	Rs mn
AMC	22.6
ATE	229.4
Avionics	23.3
BTP/Services	2.9
Communication	10.2
EW	169.1
IFF	4.0
Naval System	35.5
Radar	359.9
Radar Processor	21.5
Services	3.0
Grand Total	881.5

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Customer	Rs mn
BEL	14.9
BrahMos	14.7
DOS	95.4
DRDO	213.4
DRO	0.2
Export	234.2
HAL	4.6
Indian Navy	4.4
MOD	279.5
Others	20.3
Grand Total	881.5

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Q2 and H1FY23 Earnings Presentation

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Order Book grew Exponentially
`
8,365
8,365 7%
7%
7%
7%
5,810
4,760
12%
59%
59%
Service
21% 13%
Development
Production 25%
67%
34% 34%
62%
Q2FY22 Q2FY23 FY22 H1FY23
Order Book in Rs mn
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Q2 and H1FY23 Earnings Presentation

15

Highest Ever Order Inflow in any Quarter

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Expects Further Order Inflow of Rs 300+cr in H2FY23

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Order Inflows – Q2FY23 and H1FY23
Rs 4,713mn
7% Rs 5,169mn 7%
Service Service
Development 84% Development 77%
Production Production
Rs 1,350 mn Rs 1,714 mn
2%
2%
50%
56%
23%
16%
42% 48%
Q2FY22 Q2FY23 H1FY22 H1FY23
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Major order received in Q2FY23

Major order received in H1FY23

	Product	Customer	Order Type	Value(Rs mn)	Q2 a	Product	Customer	Order Type	Value (Rs mn)
						Avionics	DRDO, HAL& Export	Production	389
	Communication	DRDO	Development	157
						Communication	DRDO	Development	157
	ATE	BrahMos	Production	122
						ATE	BrahMos	Production	123
	Radar	DRDO	Development	3,624
						Radar	DRDO	Development	3624
	Avionics	Export	Production	110
						~~d H1FY23 Earnings Presentat~~ EW	~~ion~~ DRDO	Development and Production	252
	EW	DRDO	Development and Production	252
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Robust Performance : Supported by Strong Financials
`
Revenue (INR Mn) Gross Profits (INR Mn) and Margins (%)
71% 88% 65% 65% 65%
1700
1108
882
572
684
592 418 442
386
438
Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23
EBITDA (INR Mn) and Margins (%) Net Profit (INR Mn) and Margins (%)
22% 20% 36% 21% 24%
35% 36% 51% 31% 34% 616
875
206
302 211
129
213 142
157 90
Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23
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Q2 and H1FY23 Earnings Presentation

17

Well Managed Working Capital

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Debtor Days and T/O Ratio
1.3 1.3 1.4 1.6 1.5
286
270
254 246
233
FY19 FY20 FY21 FY22 H1FY23
Inventory Days and T/O Ratio
1.5 2.0 3.0 2.6 2.1
241
186
175
141
120
FY19 FY20 FY21 FY22 H1FY23
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Creditor Days and T/O Ratio
4.7 9.0 18.6 8.1 6.8
79
53
45
40
20
FY19 FY20 FY21 FY22 H1FY23
Cash Conversion Cycle
449
416
355 367
329
FY19 FY20 FY21 FY22 H1FY23
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*All Days are calculated on revenue on TTM basis

Q2 and H1FY23 Earnings Presentation

Investment in Business

Investment in Our People

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• ✓ We hired 200+ engineers in first half of year

• ✓ Plans to hire 100 more freshers in the remaining part of year

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Investment in Facility

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• ✓ Spent Rs 300cr till now for expansion of the new facility

• ✓ By the end of Q3 it will get fully operational

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Investment in Technology

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• ✓ Successfully completed site acceptance test of Precision Approach Radar

• ✓ Successfully completed FAT and delivery of Doppler Weather Radar

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Q2 and H1FY23 Earnings Presentation

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Corporate Overview

Q2 and H1FY23 Earnings Presentation

Data Patterns – One of the fastest growing companies in the Defence and Aerospace Electronics sector in India…

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`
Among the few vertically integrated defence and aerospace electronics solutions providers catering to the indigenously developed
defence products industry
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 and manufacturing facilities
2 Design to Delivery LCA-Tejas, Light Utility
led by innovation and design and development efforts
Helicopter, BrahMos missile
Beneficiary of shifting procurement trends in Defence – Aatma
Increasing indigenization,
3 TAM of USD 4.65 bn by 2030
Nirbhar Bharat , Make in India, new defence acquisition policies among Domestic defence procurement, Higher
growing at CAGR – 9% from 2020
others share of electronics in warfare
Diversified order book with marquee customers along with state of the Rs. 8,365mn
4
Rs. 1,787 mn
art manufacturing facilities Order book as on Sep ’22
Order book as of Apr’18
Many senior personnel
5 Experienced management team and skilled workforce associated with Company for 884 employees with more than
485 qualified engineers
more than 2 decades
Highest Revenue growth, EBIDTA margin, ROCE and ROE (for FY21 & 33% 72% Gross 45% 24% 33%
6 Revenue CAGR Margin% EBITDA%
FY22) amongst key Indian defence and aerospace companies (FY22) (FY22) RoCE (FY22) RoE (FY22)
(FY19-FY22)
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One of the fastest growing companies in the Defence and Aerospace Electronics sector in India

*addition of market size of specific industries from the DRHP

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Q2 and H1FY23 Earnings Presentation

With a Consistent Track Record of Profitable Growth

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38%+~ % growth CAGR FY19-FY22 ~ 33% Revenue CAGR from FY19-FY22
Robust revenue and
order book growth
Order Book
Rs mn Revenue from operations
Rs mn
3,108
5,855
8,365 2,239
4,980 4,760
Consistently higher
1,561
gross margins and 1,815 1,311
improving EBITDA 1,565
margin%
FY19 FY20 FY21 FY22 H1FY23
FY19 FY20 FY21 FY22 H1FY23
High Gross margin ~ 73% EBITDA CAGR from FY19-FY22
Rs mn Gross Profit & Gross Margins EBITDA & EBITDA Margins
74% 72%
Rs mn
72% 1,410
69%
70% 919
65% 2,247
68% 45%
65% 41%
66% 1,535 33%
63% 432
64% 257
62% 1,041 28%
836 1,014 20% 514
60%
58%
FY19 FY20 FY21 FY22 H1FY23
FY19 FY20 FY21 FY22 H1FY23
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Q2 and H1FY23 Earnings Presentation

Growing Profitability

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Improving PAT Margins Improving ROE and ROCE
Improving PAT
margins and high ROE ROCE
PAT and PAT margins
ROCE
Rs mn
38%
939 31% 33%
24%
23%
556
30% 15%
77 210 25% 23% 6% 12% 18%25%
353
13%
6%
FY19 FY20 FY21 FY22 H1FY23
FY19 FY20 FY21 FY22 H1FY23
Strong cash flow
Strong operating cash flow generation
Lower debt levels/ leverage
generation and low
leverage
Debt-Equity ratio
Cash generated from operations
Rs mn
0.45
0.39
549
0.16
152
0.01
FY19 FY20 FY21 FY22 H1FY23
0.02
Mar19 Mar20 Mar21 Mar-22 Sep-22
(45)
(333) (720)
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Q2 and H1FY23 Earnings Presentation

Through Well-Invested and State of the Art Manufacturing Facilities

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~ 100,000 sq. ft Aggregate of built up area of manufacturing facility ~ 5.75 Acres Of land in Chennai, SIPCOT area ~2.81 acres Land for proposed expansion Environmental Certification - JSS55555 - MIL-STD-461 - MIL-STD-810 including for Highly Accelerated Life Test / Highly accelerated stress screening.

Manufacturing facility at Chennai, India Our systems and processes are subject to periodic audit by customer such as ✓ Indian Government Space Organization ✓ Hindustan Aeronautics Limited (HAL) ✓ Other Government departments Key features of manufacturing facility ✓ 100,000 class clean room ✓ Electronic assembly facility ✓ BGA repair work station with display ✓ Manual soldering certified to Space grade standards ✓ EMS assembly capacity of 600 boards per day ✓ Capability to handle complex boards with 22 layer, 6k components and 21k solder points ✓ Dedicated 70 work stations for testing modules and small systems ✓ Harness preparation of 2k points per day ✓ 20 Dedicated Mechanical assembly stations to assemble small and large systems and various others… Proposed expansion ✓ Spend Rs 3000mn towards upgrading and expanding existing facilities ✓ Proposed doubling of floor area and manufacturing capacity ✓ Addition of large & heavy equipment, integration of large radars & mobile electronic warfare systems. Existing Facility Enhancement Expansion Multizone Reflow Oven EMS Line X ray inspection system • Large Systems Integration Hangar • Complete Radar Integration • Electronic Warfare Vehicle Integration • Additional Test Facility • Augmented Environmental Test Infrastructure • Augmented Design & Development Facility • Additional Space For Design and Development Resources • Clean Room for Satellite Integration • Additional EMS Line • Multi Ton material handling

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Q2 and H1FY23 Earnings Presentation

Diverse Product Offering ~~`~~

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

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Q2 and H1FY23 Earnings Presentation

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Over Last Three Decades

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TERLS Tracking Radar 2021
Wind Profile
Radar Micro Satellite Designed wide open RWR and
ELINT for airborne platforms • Initiated expansion of
Launch pad manufacturing facility with
countdown doubling of available floor
system C-Band Tracking Radar
area
Fixed Wing Cockpit Displays
• Building of capacity to handle
large and heavy equipment
Designed and developed
and integration of large
complete Radar Capability
• Data Patterns has a long history radars and mobile EW
Developed Glass Cockpit of association with India Space systems, satellite integration
Displays / Avionics Organization. Data Patterns built facility
a Nano Satellite which was
• Developed a Fire • Upgradation of Tracking deployed in 2017.
Control System Brahmos for • Radars Developed RF and • Developed Satellite and Ground Station EW receivers,
• Designed & Microwave capabilities
allow entry to building
developed the
complete systems
launch pad Expanding capacity
countdown system
Wideband Fast Real Time
Scan receiver Monitoring Receiver
Exciter
Fire control Coastal V/UHF V/UHF Search Precision
RF & Microwave
system for the Products Surveillance Radar Monitoring Receiver Approach Radar
BrahMos (Dept. of Space) Receiver
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2001
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Q2 and H1FY23 Earnings Presentation

A De-Risked Business Model

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1 Developmental Contracts
DRDO Defence PSU
Projects leads to Production / Repeat requirements
Programs leads to Annuity requirements
5 Exports / Offsets 2 MoD Tenders
Radars, Electronic Warfare, Fire
Available Available Products / Requirements is
control systems, Avionics,
Products / Systems for large
Missile Seekers,
Systems Partnership with numbers and
Communications, Small satellites 01
OEM longer timeframe
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
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Q2 and H1FY23 Earnings Presentation

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Well-Positioned to benefit from Make in India Opportunity

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Focused on designing & developing indigenized products making it a beneficiary of India’s “AtmaNirbhar” defence structural reforms
Defence Modernization Program
Focused on designing and building own products across the manufacturing value
chain to developing products and sub-systems
Arudhra Radar
Well positioned to rapidly commercialise or scale-up a number of existing products or
building blocks to end systems or complete solutions
Concentrate on building complete systems from the building blocks and sub-systems
Light weight EW requirements
already developed, provides a higher value addition while distributing development
costs
Examples:
Using the experience of working with DRDO Ashwini LLTR
Wind profile radar built and development of wind profile radar, the
for Cochin University of company successfully bid and won a
Science and Technology contract of Rs 380Cr from Ministry of
is the world’s first 205MHz Defence for nine precision approach
radar – complete in house radars for Navy and Airforce which are Airborne surveillance radar
development currently at delivery stage
Developed and deployed Subsequently received contracts to build 2
our first Nano Satellite in more Nano Satellites Dharashakti programme
2017
Developed and supplied Subsequently redeployed for other projects
Military COTS type by various DRDO laboratories including in Radar Warning Receivers
processor for DRDO naval applications in ships & helicopters
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28

Q2 and H1FY23 Earnings Presentation

Driven by Innovation Focused Business Model

~~`~~

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Focused on in-house development led by innovation and design and development efforts

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Building complete systems from the building blocks and sub-systems already developed

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Partner with customers through the life cycle of a product , from conception till deployment and thereafter

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450+ engineers , most of whom have served in design and development departments

Track record of utilizing pre-developed building blocks and sub-systems in the development of complete systems

Present programmes with building blocks Designed & Developed by Data Patterns…

… along with “Future Ready” products already designed and developed by the company

Key Products manufactured and delivered by Data Patterns

• ➢ Military grade processor ➢ Airborne phased array radar modules, ➢ Frequency hopping radio

• ➢ Cockpit displays, relays

• ➢ Actuator controllers for ➢ Next generation EW products

• missiles and torpedoes,

• ➢ Flight control computers, ➢ Integrated EW solution for national security

• ➢ Digital receivers and ➢ Up/Down converters for radars

	Key Products manufactured and delivered by Data Patterns
Q2 and	S.No Product(s) Details
	1. Monopulse RF Seeker Deliveredprototypes to DRDO
	2. X-Band Doppler Weather Radar Prototype installed in Chennai for meteorology department
	3. 205MHz Wind Profile Radar for CUSAT Installed at Cochin for a government owned university
	4. Radar for Naval Utility Helicopter Prototype delivered to LRDE
	5. A Next-Generation Software Defined Radio for fighter aircrafts Prototype developed for DEAL
	Seeker model 6. A Next-Generation Radar Warning Receiver for fighter aircrafts Prototype developed for DLRL
	7. A Next-Generation COMINT Prototype developed for DLRL
	8. Precision Approach Radar Delivered to AF
	9. Nano Satellite Being delivered to industry
	10. Power PC Card 190 nos delivered to HAL
	24 11. WBLRU Delivered to DRDO
	~~1FY23 Earnings Presentation~~

Servicing Marquee Clients

~~`~~

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Marqee customers in the Indian defence & aerospace ecosystem

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Government Departments
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Ministry of
Defence
Indian
government space
organisation
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Indian DPSU
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Others
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History of business continuity & reliable product service for marquee customers

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History of reliable product service for several customers

Supplying products to Indian govt. space org. for 20+ years; which continue to be under AMC Products supplied to BrahMos operational from 2006

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Invest in product development ensuring continuity of business

Developed cockpit displays for LUH, which has potential to generate additional annuity revenues from the new units

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Products form critical components

Launch systems for ground based BrahMos missile launcher, “take me home” displays for the Tejas

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Supply of products to prestigious defence projects in India

Like LCA, the HAL Dhruv, LUH and the BrahMos missile programme

30

Q2 and H1FY23 Earnings Presentation

Led by a Highly Reputed and an Experienced Management Team

~~`~~

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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

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Ms. Rekha Murthy Rangarajan Promoter, Whole Time Director

• Over 2 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

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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

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Mr. Vijay Ananth K

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 • Associated with Data Patterns – 20+ years

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Mr. Desinguraja Parthasarathy Chief Technology Officer

• 32 years experience in product development

• B.E from University of Madras

• Associated with Data Patterns – 30+ years

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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

• Associated with Data Patterns – 20+ years

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Ms. Nandaki Devi Ramachandracharya

DGM and Management Representative Quality Management System

22 years of experience in test engineering

• B.E in electronics and communications and Advanced Diploma in Software Quality Management from AmitySoft Education.

• Associated with Data Patterns – 15+ years

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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

31

Q2 and H1FY23 Earnings Presentation

Well Rounded and Diverse Board

~~`~~

Mr. Prasad Raghava Menon Non-executive, Independent Director

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• Served as Managing Director of Tata Chemicals Ltd and Ex-Tata Power Company Ltd.

• Bachelor’s degree from IIT, Kharagpur

Mr. Vadlamani Venkata Rama Sastry

Ms. Sabitha Rao

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Non-executive, Independent Director

Non-executive, Independent Director

• Working with Cerebrus Consultants Pvt Ltd; PG Diploma in Management from IIM-C

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

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

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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

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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)

32

Q2 and H1FY23 Earnings Presentation

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Appendix

Q2 and H1FY23 Earnings Presentation

Historical Statement of Profit and Loss

~~`~~

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Particulars (Rs. Mn)	FY20	FY21	FY22	H1FY23
Revenue from Contract with Customers	1560.98	2239.50	3108.55	1565.30
Other Income	40.94	26.00	39.70	35.50
Total Revenue	1601.92	2265.50	3148.11	1600.80
Expenses:
a)Cost of materials consumed	532.13	629.78	915.90	749.60
b)Changes in inventories of FG,WIP and SIT	28.76	74.25	-55.20	-198.30
c)Employee benefits expenses	422.71	484.21	623.50	366.40
d)Finance cost	133.43	145.02	109.90	27.70
e)Depreciation/Amortization	54.78	55.52	66.30	41.10
f)Other expenses	145.82	131.38	213.90	133.60
Total Expenses	1317.63	1520.16	1874.30	1120.10
Profit before tax	284.29	745.34	1273.80	480.80
Tax expense	73.81	189.63	334.20	127.90
Profit(Loss)for theperiod	210.48	555.71	939.70	352.90
Other Comprehensive Income	(0.37)	(9.56)	-(11.50)	-0.0600
Total Comprehensive Income for theyear	210.11	546.15	928.2	352.30
PAT%	13.14%	24.53%	30.20%	22.50%
EBITDA	432.50	919.40	1409.90	514.00
EBITDA margin%	27.7%	41.10%	45.36%	32.80%
Return on Net Worth	14.71%	30.70%	24.01%	18.00%
Total Debt	605.66	332.21	67.70	119.00
Debt to Equity	0.39	0.16	0.01	0.02

34

Q2 and H1FY23 Earnings Presentation

Historical Balance Sheet

~~`~~

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Particulars(Rs. Mn)	Mar20	Mar21	Mar22	Sep22		Particulars (Rs. Mn)	Mar20	Mar21	Mar22	Sep22
ASSETS						EQUITY AND LIABILITIES
						Equity
Non-current assets
						(a) Share capital	17.00	17.00	103.80	103.80
(a) Property, Plant and Equipment	278.21	292.08	441.60	476.10
						(b) Other Equity	1,517.95	2,060.70	5641.30	5811.70
						Total equity and liabilities	1,534.95	2,077.70	5745.10	5915.50
(b) Capital Work in Progress	-	-	173.00	247.70
						Liabilities
						Non-current liabilities
(c)Intangible Assets	1.59	5.60	13.50	17.40
						(a) Financial Liabilities
(d)Right of Use Assets	53.68	34.40	19.70	192.00
						(i) Borrowings	5.53	97.70	7.300	5.00
(e)Other Financial Assets	464.75	340.71	1220.40	1091.50		(ii) Lease Liabilities	38.46	24.35	11.10	8.50
						(b) Provisions	56.38	85.15	111.60	119.00
Total non-current assets	798.23	672.80	1868.20	2068.20
						(c) Deferred Tax Liability (Net)	7.60	8.13	-	-
Current assets						(d) Other Non Current liabilities	143.24	273.68	157.00	88.20
						Total non-current liabilities	251.21	489.01	287.00	220.70
(a)Inventories	794.14	737.45	1197.70	1777.90
						Current liabilities
(b)Financial Assets
						(a) Financial Liabilities
(i) Trade receivables	1,156.34	1,559.35	1983.10	2496.50		(i) Borrowings	600.13	234.51	60.40	114.40
						(ii) Trade payables	172.58	119.95	381.50	541.80
(ii) Cash and cash equivalents	15.11	88.06	1770.80	684.90		(iii) Other Financial Liabilities	79.15	40.05	220.70	125.50
						(iv) Lease Liabilities	20.83	15.15	13.20	12.80
(iii) Other Financial Assets	37.24	50.96	90.00	672.80
						(b) Other current liabilities	224.7	246.41	226.80	313.10
(c)Other current assets	152.57	177.34	158.30	138.50		(c) Provisions	14.85	9.59	7.20	7.60
						(d) Current tax Liabilities	55.23	51.34	126.10	7.40
Total current assets	2,155.40	2,613.16	5199.80	5190.60
						Total current liabilities	1,167.47	717.00	1035.90	1122.60
						TOTAL EQUITY AND LIABILITIES	2,953.63	3,283.71	7068.00	7258.80
TOTAL ASSETS	2,953.63	3,283.71	7068.00	7258.80

35

Q2 and H1FY23 Earnings Presentation

	Particulars (Rs. Mn)	Mar20	Mar21	Mar22		Sep22
	Net Profit before tax	284.29	745.34	1273.80		480.80
	Adjustments for :
	Add : Depreciation	54.78	55.52	66.30		41.10
	Add : Interest And Finance Charges	133.43	145.02	109.90		27.70
	Less: Profit on sale of assets	(1.78)	(1.24)	-
	Less: Interest Income	(25.64)	(22.21)	(39.70)		(35.00)
	Less: Gain/ loss on disposal of Right of Use of Asset	-	-
	Operating Profit Before Working Capital Changes	445.08	922.43	1410.40		514.600
	Adjustments For Working Capital Movements :	(264.29)	(189.58)	(1461.30)		(994.80)
	Cash Generated From Operations	180.79	732.84	(50.90)		(480.2)
	Direct Taxes (Paid) /adjusted	(28.41)	(189.79)	(282.30)		(240.40)
	Net Cash flow From Operating Activities (A)	152.38	543.05	(333.20)		(720.80)
	Cash Flow From Investing Activities (B)	14.10	(27.40)	(342.20)		(612.20)
	Cash Flow From Financing Activities (C)	(154.47)	(442.71)	2358.50		(332.90)
	Net Increase in Cash & Cash Equivalents (A+B+C)	11.99	72.95	1682.80		(1665.9)
	Cash & Cash Equivalent At The Beginning Of The Year	3.12	15.11	88.00		1770.80
	Cash & Cash Equivalent At The End Of The Year	15.11	88.06	1770.80		104.90

36

Q2 and H1FY23 Earnings Presentation

Defence modernization programmes

~~`~~

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Arudhra Radar

• Expected to supply ~55 units of AGRU/ Arudhra radar

• • Likely to generate revenues in the next 3-4 years based on the requirement projection of IAF

Ashwini LLTR

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

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

• Expected to realise revenue between $10-30 million in the next few years.

Dharashakti programme

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

• Has received single vendor orders from DLRL for development and supply of all of the COMINT search receivers, Direction Finder & Monitoring receivers.

• In a position to be an OEM for the entire receiver systems with likely revenues of $ 50 million on complete execution

==> picture [61 x 60] 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

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Light weight EW requirements

• EW capability will help in supplying products for Light weight EW products which have a heavy requirement in mountainous borders as they are not adequately covered, and the same has been prioritised due to the increased geo-political tension

Airborne surveillance radar

• Has delivered an airborne surveillance radar (all of the hardware) to LRDE which is expected to be flight tested in the next few months and will be likely inducted in Navy’s Dornier upgrade and new helicopter programmes

Radar Warning Receivers

• Also a part of the Radar Warning Receivers 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”)

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 83 LCA MK IA on order as well as the Sukhoi 30 upgrades (approximately 270 numbers), attack helicopters, etc.

37

Q2 and H1FY23 Earnings Presentation

Core groups & departments for design and development of ~~`~~ ~~products~~

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|~~~~<br> <br>~~**ducts**~~|~~~~

~~ducts~~|||
|---|---|---|---|
|Group/Department
Responsibility / Scope
Hardware Development
Department
Design and development of all types of high-end and complex electronics
modules and building blocks. Includes Single board computers, Field
Interface modules, Communication Modules, Custom I/O Modules,
Mezzanine modules,Signal conditioningmodules etc.
Software Development
Department
Design and development all types of embedded, real-time and application
software. Includes devices drivers, Operating system porting, real-time data
transfer, GUI application for various Operating systems and hardware.
Mechanical Engineering
Department
Design and development of all types of mechanical packaging, big structure
systems and jigs and fixtures. Incudes standard ATR chassis, heat spreaders,
structural and thermal analysis etc.
CAD / CAM Group
PCB schematics, Artwork, signal analysis, power analysis, electrical wiring, all
modules/systems performance, and maintenance statistics like MTBF etc.
Includes up to 26 Layer PCB design, hybrid electrical interface design etc
Algorithm Development
Group
Design and development of various domain algorithms for RADAR,
Electronic Warfare, Communication waveform etc. Uses all types of
algorithm development including mathematical modelling, statistical
modelling, feedback modelling etc.
Radio Frequency Modules
Group
Design and development of all types of RF modules and sub-systems.
Includes simple RF receiver/exciter, filters, upconverters/downconverters,
synthesizers etc.
Total Employee
Strength
Department
Design & Engineering (D&E)
Manufacturing
Support
Marketing & Customer support
Total||# of Employees
520
311
96
56
983
more than 500 qualified
Engineers out of 983
Our senior members in hardware,
design and development have been
with us for more than15 years||
|Group/Department|Responsibility / Scope|Group/Department|Responsibility / Scope|
|Hardware Development
Department|Design and development of all types of high-end and complex electronics
modules and building blocks. Includes Single board computers, Field
Interface modules, Communication Modules, Custom I/O Modules,
Mezzanine modules,Signal conditioningmodules etc.|DOMAIN Systems Groups|Design and Development of product verticals as a system.
Including RADAR, EW, Communication, ATEs, Fire-control
systems,Satellite,Avionics etc.|
|||Production Department|All the products are functionally and environmentally tested by
this department. Includes testing of modules and sub-
systems, wiring, mechanical assembly, and integration etc.|
|Software Development
Department|Design and development all types of embedded, real-time and application
software. Includes devices drivers, Operating system porting, real-time data
transfer, GUI application for various Operating systems and hardware.|||
|||Electronics Manufacturing
Services (EMS)|Fabrication of all electronics modules. Including automated pick-
n-place, manual soldering, conformal coating etc.|
|Mechanical Engineering
Department|Design and development of all types of mechanical packaging, big structure
systems and jigs and fixtures. Incudes standard ATR chassis, heat spreaders,
structural and thermal analysis etc.|||
|||Harnessing Group|Fabrication of all types of cable harness including internal wiring,
external interface wiring, testing of cables for continuity, impedance
etc.|
|CAD / CAM Group|PCB schematics, Artwork, signal analysis, power analysis, electrical wiring, all
modules/systems performance, and maintenance statistics like MTBF etc.
Includes up to 26 Layer PCB design, hybrid electrical interface design etc|||
|||Mechanical Integration
Group|Assembly and integration of all types of mechanical parts. Including
various types like LRU assembly, board assembly, system
assembly, system integration etc.|
|Algorithm Development
Group|Design and development of various domain algorithms for RADAR,
Electronic Warfare, Communication waveform etc. Uses all types of
algorithm development including mathematical modelling, statistical
modelling, feedback modelling etc.|||
|||Project Management
Group|Responsible for Delivering all the orders both internal and external.
Vertical integration of groups and product development
responsibilities. Includes all types of projects from simple module
delivery to full system delivery.
Utilizes, project plan, metrics, GANNT charts, budgeting and
control, optimal execution methods etc|
|Radio Frequency Modules
Group|Design and development of all types of RF modules and sub-systems.
Includes simple RF receiver/exciter, filters, upconverters/downconverters,
synthesizers etc.|||

38

Q2 and H1FY23 Earnings Presentation

Indian defence and aerospace industry is rapidly evolving into a self sustaining one

~~`~~

Competition at two levels for Data Patterns

Indian defence suppliers – Anticipated Future Positioning

We are poised to take up emerging opportunities

During development stage in DRDO requirements from small and medium size companies building custom solutions and/or integrating solutions around imported COTS products

From large corporates offering complete systems, often under a partnership with International OEMs, for products and programmes directly procured by the Indian government space organization

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

Platform/ Solution Sub-system (end to
Focused end)/ Integration
Tonbo Imaging focused
L&T
HAL
Mahindra Defence
Godrej and Boyce
OFB
Reliance Defence
BEL
BDL
5 Tata Advanced Systems
Kalyani Strategic
Systems Ltd
Data
Adani Aerospace
Patterns
Paras Defence
Alpha Design Technologies
Astra Microwave Centum Electronics
Mistral CoreEL Technologies
Subcomponents focused
----- End of picture text -----

Our products are developed to compete with international and domestic equivalents . Further, we offer end to end solutions to the customer

Ability to offer wide range of products . We also have strong and balanced capabilities across 12 defence and aerospace segments

39

Q2 and H1FY23 Earnings Presentation

~~`~~

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Thank You

For further information, please get in touch with:

Monali Jain monali@GoIndiaadvisors.com M:+91 7597304020

Sheetal Khanduja sheetal@GoIndiaadvisors.com M:+91 9769364166

Q2 and H1FY23 Earnings Presentation