Data Patterns (India) Limited — Investor Presentation 2023

Nov 5, 2023

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

SEC/SE/078/2023-24 Chennai, November 05, 2023

To To National 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: Submission of Investor Presentation Q2 FY 2023-24

Dear Sir/Madam,

This is further to our letter no. SEC/SE/073/2023-24 dated November 01, 2023 intimating the schedule of earnings conference call with Analysts/Investors to be held on Monday, November 06, 2023. In this regard, please find attached the Investor presentation towards the same.

You are requested to take the above on record and oblige.

Thanking you

For Data Patterns (India) Limited

R Digitally PRAKA signed by R SH PRAKASH

Prakash R Company Secretary and Compliance Officer Membership No. A34652

Encl: As above

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

Data Patterns ( India ) Limited Investor Presentation Q2FY24 November 2023

Q4 and FY23 Earnings Presentation

Disclaimer

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.

Q2FY24 Earnings Presentation

2

CMD’s Comment on Q2FY24 Performance

“We are happy to announce strong revenues and order inflow for Q2 and H1FY24. Revenues in Q2 were in-line with our expectations and grew 23% YoY to Rs 1,083 mn . The order book also saw growth, reaching Rs. 10bn while order inflows stood at Rs 1,445mn during Q2. We are committed to continued investments in to on the product development capitalize larger opportunities coming in through Defence programme run by GOI.”

Mr. Srinivasagopalan Rangarajan Promoter, Chairman & Managing Director

3

Q2FY24 Earnings Presentation

Q2FY24 Highlights

Strong order book as on 30[th] Sep 2023 at Rs 10bn

Revenue grew 23%YoY to Rs 1,083 mn EBITDA showed 35% growth at Rs 408 mn

Gross Margins at 69% and EBITDA Margins at 38%

Order inflow in Q2FY24 of Rs 1,445 mn PAT at Rs 338 mn, 61% increase YoY

Strong Balance Sheet; Net Debt Free Company

Revenue CAGR: 28%; EBITDA CAGR: 46% over FY19-FY23

Return Ratios - RoE and RoCE at 14.4% and 30.6% TTM respectively without considering QIP funds

– Cash, Bank and Investments Rs 6,033 mn

Started using QIP funds for new product developments in Radar, EW, Communication and satellite

Export Revenue at Rs 16 mn and Export Order Inflow at Rs 393 mn

Growth Drivers:

• Created additional world class infrastructure to deliver complete systems

• Government policies for Make in India

• Investment in complete products through QIP Proceeds

Q2FY24 Earnings Presentation

4

What We Look to Achieve in Next Two Years

• Targeting larger opportunities in Radar, EW, Communication Systems and Satellite business

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

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

• Exploring further opportunities in export market; Working in collaboration with domestic players

Strong Topline Growth: 25%+ CAGR

Sustainable High Margins: ~ 35-40%

Maintain Net Debt Free Status

Maintain Strong Order Pipeline

High Returns to Shareholders: ROE and RoCE - 20%+

5

Q2FY24 Earnings Presentation

Strategy for next phase of growth

Model to Proprietary Product Development

Key Differentiators for Data Patterns

Leveraging existing competencies

MOD Business Capabilities Proprietary Leverage existing competencies to Products mitigate product development risk Compete in areas with Complete Foreign OEM presence systems Larger TAM for Data Patterns 1 MOD tenders open to industry GOI committed to buy from Indian companies Increasing Indigenization Make in India Advantage Revenue Scalability and Sustainability 2 Potential to bid for larger full systems contracts Re-use developed products for global expansion/ multiple programmes Better Margins 3 Cost advantage given products developed in India

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

• 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

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

6

Q2FY24 Earnings Presentation

Focus on Key Product verticals

• Product Demonstrated Capabilities • Designed and launched compete satellite in India • Capabilities to design payloads like ESM, Imaging (RF and ESM), other remote sensing, others

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

• • Implemented capabilities for large satellites

• 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 [80 x 44] intentionally omitted <==

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

Existing
Successful
development
----- End of picture text -----

==> picture [206 x 91] intentionally omitted <==

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

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

Existing Successful development

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 [260 x 42] intentionally omitted <==

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

Single Board Wide Band Digital DTRM
Computer-Next Gen Receiver
Q2FY24 Earnings Presentation
----- End of picture text -----

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 [55 x 13] intentionally omitted <==

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

Antenna Assembly
fixture
----- End of picture text -----

==> picture [37 x 5] intentionally omitted <==

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

Antenna PCB
----- End of picture text -----

Focus on Key Product verticals

==> picture [735 x 402] intentionally omitted <==

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

Product Demonstrated Capabilities Potential Opportunity
• Developed state of the art ESM Receivers from 1MHz to 40GHz
3 Surveillance & Electronic • Both COMINT and ELINT including DF can be used in •• Truck Mounted Systems / UAV Based ESM SystemsPOD based jammers / Comm Jammers / Stand Off Jammers •• Potential large market with future tendersRequirement across Army, Air Force and Navy
Monitoring
Existing
Successful
development
Radar Warning Receiver ELINT DF System V/U/SHF Monitoring VHF/UHF/SHF Receiver 5 Channel Search
Receiver Processor Exciter Receiver
• Developed SDR Platform for • Military Radars, Radio Relays, etc. are being
Communication • procured under emergency Fast Track
Fighter Aircrafts
4 • procurement
Radio Relay for Airborne Platforms/UAVs •
Systems • Radio Relays • Large volume requirementsRequirement across Army, Navy and Air Force
Existing
Successful
development
Communication / Data Link Programmable Radio Hardware Platform Type I & II Radio Relay
Q2FY24 Earnings Presentation
----- End of picture text -----

Order Book Buildup in Q2FY24

Order book as on date is Rs 10,032mn

Orders as on New Orders 30[th] June, Orders 2023 in Q2FY24 Executed Rs 1,445mn Rs 9,671 mn Rs 1,083 mn

Order Book as on 30[th] Sep 2023 Rs 10bn

Current order book Rs. 10,820 mn including the orders negotiated converted

We are participating in large value tenders with MoD under Make 1 and 2 categories.

9

Q2FY24 Earnings Presentation

Financial Performance Q2FY24:

==> picture [699 x 350] intentionally omitted <==

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

Particulars (Rs. Mn) Q2FY24 Q2FY23 YoY(%) Q1FY24 QoQ (%) H1FY24 H1FY23 YoY (%)
Revenue from Operations 1083 882 22.8 897 20.7 1,980 1,565 26.5
Gross Profit 747 572 30.7 575 30.1 1,322 1,014 30.4
Gross Profit Margin (%) 69.0 64.9 413bps 64.1 494bps 66.8 64.8 40bps
EBITDA 408 300 35.7 279 46.8 686 514 33.5
EBITDA Margin (%) 37.6 34.1 350bps 31.0 670bps 34.6 32.8 180bps
Depreciation / Amortization 30 21 42.9 28 7.1 60 41 41.5
EBIT 377 279 34.6 250 50.8 627 473 32.6
EBIT Margin (%) 34.8 31.8 300bps 27.9 690bps 31.7 30.2 150bps
Other Income 108 19 116 -6.9 224 36
Finance Cost 23 12 91.7 17 35.3 40 28 42.9
PBT 463 287 61.4 349 33bps 812 481 68.9
Tax expense 125 76 64.5 90 38.9 215 128 68.0
Profit(Loss)for the period 338 211 60.2 258 30.5 596 353 69.1
PAT Margin (%) 31.2 23.9 737bps 28.8 235bps 30.1 22.5 770bps
EPS (Rs) 6.0 4.1 4.6 10.6 6.8
----- End of picture text -----

10

Q2FY24 Earnings Presentation

Revenue: Increased 23% in Q2FY24

==> picture [790 x 285] intentionally omitted <==

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

–
Revenue Q2FY24 and H1FY24
Rs 1,083 mn
Rs 882 mn Rs 1,980 mn
Rs 1,565 mn
Q2FY23 Q2FY24 H1FY23 H1FY24
----- End of picture text -----

11

Q2FY24 Earnings Presentation

Diversified Revenue Profile

==> picture [790 x 350] intentionally omitted <==

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

Revenue growth across all the three categories
Service Development Production
Rs 1,083 mn
4% Rs 1,980 mn
Rs 882 mn
3% Rs 1,565 mn 5%
25%
59%
6%
50%
34%
72%
37% 61% 45%
Q2FY23 Q2FY24 H1FY23 H1FY24
----- End of picture text -----

12

Q2FY24 Earnings Presentation

Consistent Order Book Growth

==> picture [790 x 290] intentionally omitted <==

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

Production Development Service
7%
Rs 10,032 mn
Rs 8,365 mn 4%
7%
37%
59%
59%
34%
Q2FY23 Q2FY24
----- End of picture text -----

13

Q2FY24 Earnings Presentation

Q2FY24: Revenue Breakup

Product	Rs mn
Radar	745
EW	187
Avionics	84
AMC	47
ATE	18
Naval	3
Total	1,083

Customer	Rs mn
DRDO	615
MoD	291
DoS	77
HAL	57
Export	16
BrahMos	14
BEL	10
Others	2
Total	1,083

14

Q2FY24 Earnings Presentation

Strong Order Inflow

Order Inflows – Q2FY24 and H1FY24

64% 34% 2% Q2FY23 Q2FY24 Service Development Production 7% Rs 1,446 mn Rs 4,713 mn 84% 16% 23% 63% 77% 36% ~~1%~~ H1FY23 H1FY24 Rs 5,169 mn Rs. 2,771mn	64% 34% 2% Q2FY23 Q2FY24 Service Development Production 7% Rs 1,446 mn Rs 4,713 mn 84% 16% 23% 63% 77% 36% ~~1%~~ H1FY23 H1FY24 Rs 5,169 mn Rs. 2,771mn	64% 34% 2% Q2FY23 Q2FY24 Service Development Production 7% Rs 1,446 mn Rs 4,713 mn 84% 16% 23% 63% 77% 36% ~~1%~~ H1FY23 H1FY24 Rs 5,169 mn Rs. 2,771mn	64% 34% 2% Q2FY23 Q2FY24 Service Development Production 7% Rs 1,446 mn Rs 4,713 mn 84% 16% 23% 63% 77% 36% ~~1%~~ H1FY23 H1FY24 Rs 5,169 mn Rs. 2,771mn	64% 34% 2% Q2FY23 Q2FY24 Service Development Production 7% Rs 1,446 mn Rs 4,713 mn 84% 16% 23% 63% 77% 36% ~~1%~~ H1FY23 H1FY24 Rs 5,169 mn Rs. 2,771mn	64% 34% 2% Q2FY23 Q2FY24 Service Development Production 7% Rs 1,446 mn Rs 4,713 mn 84% 16% 23% 63% 77% 36% ~~1%~~ H1FY23 H1FY24 Rs 5,169 mn Rs. 2,771mn	64% 34% 2% Q2FY23 Q2FY24 Service Development Production 7% Rs 1,446 mn Rs 4,713 mn 84% 16% 23% 63% 77% 36% ~~1%~~ H1FY23 H1FY24 Rs 5,169 mn Rs. 2,771mn	64% 34% 2% Q2FY23 Q2FY24 Service Development Production 7% Rs 1,446 mn Rs 4,713 mn 84% 16% 23% 63% 77% 36% ~~1%~~ H1FY23 H1FY24 Rs 5,169 mn Rs. 2,771mn	64% 34% 2% Q2FY23 Q2FY24 Service Development Production 7% Rs 1,446 mn Rs 4,713 mn 84% 16% 23% 63% 77% 36% ~~1%~~ H1FY23 H1FY24 Rs 5,169 mn Rs. 2,771mn	64% 34% 2% Q2FY23 Q2FY24 Service Development Production 7% Rs 1,446 mn Rs 4,713 mn 84% 16% 23% 63% 77% 36% ~~1%~~ H1FY23 H1FY24 Rs 5,169 mn Rs. 2,771mn	64% 34% 2% Q2FY23 Q2FY24 Service Development Production 7% Rs 1,446 mn Rs 4,713 mn 84% 16% 23% 63% 77% 36% ~~1%~~ H1FY23 H1FY24 Rs 5,169 mn Rs. 2,771mn	64% 34% 2% Q2FY23 Q2FY24 Service Development Production 7% Rs 1,446 mn Rs 4,713 mn 84% 16% 23% 63% 77% 36% ~~1%~~ H1FY23 H1FY24 Rs 5,169 mn Rs. 2,771mn
	Service Development Production Rs 4,713 mn 84% 16%			64% 34% 2% Q2FY24 7% Rs 1,446 mn				23% 63% 77% 36% ~~1%~~ H1FY23 H1FY24 Rs 5,169 mn Rs. 2,771mn
	Q2FY23			Q2FY24
Major order received in Q2FY24							Major order received in H1FY24
Product		Customer	Order Type		Value	(Rs mn)	Product		Customer	Order Type	Value (Rs mn)
Avionics		HAL	Production		447		Avionics		HAL	Production	447
Radar		Export	Development		389		EW		DRDO	Development	362
Radar		BEL	Production		321		Radar		Private	Production	357
							Radar		Export	Production	327
Avionics		ADA	Production		64
							Radar		BEL	Production	321
							Radar		Export	Development	389
							EW		DRDO	Development	137

Q2FY24 Earnings Presentation

15

Robust Performance : Supported by Strong Financials

==> picture [790 x 368] intentionally omitted <==

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

Revenue (INR Mn) Gross Profits (INR Mn) and Margins (%)
65% 66% 58% 64% 69%
1851
1070
1118 1,083 742 747
882 897 572 575
Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24
EBITDA (INR Mn) and Margins (%) Net Profit (INR Mn) and Margins (%)
24% 30% 30% 29% 31%
34% 42% 40% 31% 38%
554
733
470 333 338
408
302 259
211
279
Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24
----- End of picture text -----

16

Q2FY24 Earnings Presentation

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

Among the few vertically integrated defence and aerospace electronics solutions providers catering to the indigenously developed defence products industry

==> picture [707 x 314] intentionally omitted <==

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

|||||||
|---|---|---|---|---|---|
|1|Vertically integrated defence and aerospace electronics solutions|Defence|& Aerospace|35+ Years of experience|
|with end to end capabilities and a large addressable market|
|Products supplied for|
|Focused on in-house development and manufacturing facilities|programmes|LCA-Tejas, Light|
|2|Design to Delivery|
|led by innovation and design and development efforts|Utility 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|growing at CAGR – 9% from 2020|Domestic defence procurement, Higher|
|others|share of electronics in warfare|
|Diversified order book with marquee customers along with state of the|Rs. 10,032 mn|
|4|Rs. 1,787 mn|
|art manufacturing facilities|Order book as on Sep’23|
|Order book as of Apr’18|
|Many senior personnel|
|5|Experienced management team and skilled workforce|associated with Company for|1,277 825 employees with more than qualified engineers|
|more than 2 decades|
|Excellent Revenue growth in FY23 with margins at normal expected|28%|62% Gross|38%|22%|17%*|
|6|level, EBIDTA margin, ROCE and ROE (FY23) amongst key Indian|Revenue CAGR|Margin%|EBITDA%|
|defence and aerospace companies|(FY23)|(FY23)|RoCE (FY23)|RoE (FY23)|
|(FY19-FY23)|

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

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

** Without considering QIP funds raised in March, 2023

17

Q2FY24 Earnings Presentation

Evolving as a product company with a strong lineage

==> picture [669 x 133] intentionally omitted <==

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

3
5
Investment in infrastructure and Way Forward
people to scale up Product portfolio
2 • Rs 450 Mn spent on the new facility; Fully expansion leveraging
operational existing building blocks
Leading to development of multiple products
in-house over the yearsover the years • To double manufacturing space and double manufacturing space and
infrastructure • Build on current product portfolio in
• Developed a Fire Control System for Brahmos Fire Control System for Brahmosfor Brahmos • Hired 250+ employees in FY23250+ employees in FY23FY23 areas such as
----- End of picture text -----

==> picture [610 x 213] intentionally omitted <==

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

in-house over the yearsover the years • To double manufacturing space and double manufacturing space and
infrastructure
• Developed a Fire Control System for Brahmos Fire Control System for Brahmosfor Brahmos • Hired 250+ employees in FY23250+ employees in FY23FY23
• Developed Glass Cockpit Displays / Avionics
• Designed & developed the launch pad countdown y
system
• Designed and developed Primary Surveillance Radar
• Developed ESM [1] receivers, Satellite and Ground 4
Station
3 Decades of
experience in defence IPO: Various product wins and healthy build up
& aerospace industry Dec 2021 of order book
1 • Breakthrough in end to end radar integration – Rs 3.6 bn
order to develop space surveillance radar for DRDO
Focused on in-house development with • Tender wins competing against large public as well as private competing against large public as well as private
end to end design capabilities
----- End of picture text -----

     - Radar

     - Satellites

     - Electronic Surveillance & Monitoring (ESM)

     - Communication

  - Develop capabilities for large order sizes

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

• 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

• Electronic Surveillance & Monitoring

18

Q2FY24 Earnings Presentation

Competencies built over the past 30+ years

==> picture [716 x 370] intentionally omitted <==

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

Reusable building blocks End-to-end capabilities
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 Complete
Across platforms
Building blocks have laid the Design to systems / sub- –
space, air, land
foundation of own products Delivery systems and sea
Setup the complete system from
building blocks, designed in-house with
Capabilities Mech. Engg. Processers
IP built over 3
decades
Capabilities across
Spreading out the development costs spectrum of
over multiple programmes Embedded electronic solutions RF and
Software Microwave
COTS Components are fast becoming the
Firmware
building blocks of defence equipment
1.. Basis F&S report on “Defence and Space Market” dated 29 November 2021 as included in the RHP
----- End of picture text -----

Q2FY24 Earnings Presentation

19

With a Consistent Track Record of Profitable Growth

==> picture [768 x 353] intentionally omitted <==

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

39%+~ % growth CAGR FY19-FY23 ~ 28% Revenue CAGR from FY19-FY23
Order Book
Revenue from operations
9,241 4,535
3,108
5,855 2,239
4,980 4,760
1,561
1,311
1,815
FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23
High Profitability ~ 46% EBITDA CAGR from FY19-FY22
Gross Profit EBITDA
120% 2,825
1,718
100% 2,247
1,410
80% 1,535 919
432
60% 1,041
836 257
40%
20%
0%
FY19 FY20 FY21 FY22 FY23
FY19 FY20 FY21 FY22 FY23
----- End of picture text -----

20

Q2FY24 Earnings Presentation

Growing Profitability

==> picture [726 x 340] intentionally omitted <==

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

Improving PAT Lower debt levels/ leverage Improving ROE and ROCE
Rs mn
Debt-Equity ratio ROE ROCE
38%
0.45
0.39
33%
31%
1,240
939
24%
23%
22%
556
17%
0.16 15%
12%
77 210 6%
0.01
0
FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23
Without considering QIP funds raised in March, 2023
----- End of picture text -----*

21

Q2FY24 Earnings Presentation

Well Managed Working Capital

==> picture [738 x 305] intentionally omitted <==

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

Debtor Days and T/O Ratio Creditor Days and T/O Ratio
1.3 1.3 1.4 1.6 1.2 8.3 9.0 18.6 8.1 10.5
308 44 45
286 270 40
254 233 35
20
FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23
Inventory Days and T/O Ratio Cash Conversion Cycle*
1.5 2.0 3.0 2.6 2.4
362
339
241
278 286 275
186
155
141
120
FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23
----- End of picture text -----**

*Cash conversion days are after adjusting advance received from customers

**Company has realized Rs. 1,126 Mn in Q1FY24 out of March receivables

22

Q2FY24 Earnings Presentation

Through Well-Invested and State of the Art Manufacturing Facilities

• ~ 8.56 Acres Key features of manufacturing facility

• Of land including the new ✓ 100,000 class clean room land acquired in Aug 22 in ✓ Electronic assembly facility Chennai, SIPCOT area ✓ BGA repair work station with display ✓ Manual soldering certified to Space grade standards

• ~ 200,000 sq. ft ✓ EMS assembly capacity of 600 boards per day

• Aggregate of built up area ✓ Capability to handle complex boards with 22 layer, of manufacturing facility 6k components and 21k solder points ✓ Dedicated 70 work stations for testing modules and small systems

• ~1.72 acres ✓ Harness preparation of 2k points per day

• Land for proposed ✓ 20 Dedicated Mechanical assembly stations to expansion assemble small and large systems and various others…

• Our systems and processes are subject to periodic audit by customer such as

• Environmental ✓ Indian Government Space Organization ✓ Hindustan Aeronautics Limited (HAL)

• Certification ✓ Other Government departments

• • JSS55555
• • MIL-STD-461
• • MIL-STD-810 including for

• Highly Accelerated Life Test / Highly accelerated stress screening.

==> picture [239 x 13] intentionally omitted <==

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

Manufacturing facility at Chennai, India
----- End of picture text -----

• Existing Facility

• Expansion Enhancement

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

• Complete Radar Integration • Additional Space For Design and

• • Electronic Warfare Vehicle Integration Development Resources • Additional Test Facility • Clean Room for Satellite Integration

• Augmented Environmental Test • Additional EMS Line Infrastructure •

• Multi Ton material handling

==> picture [284 x 8] intentionally omitted <==

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

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

23

Q2FY24 Earnings Presentation

Diverse Product Offering

Category	Select Product offerings	Category	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

24

Q2FY24 Earnings Presentation

Over Last Three Decades

==> picture [753 x 388] intentionally omitted <==

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

TERLS Tracking Radar Wind Profile 2021
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
Fixed Wing Cockpit Displays area
• Building of capacity to
handle large and heavy
Designed and developed
equipment and integration
complete Radar Capability • Data Patterns has a long history of large radars and mobile
Developed Glass Cockpit of association with India Space EW systems, satellite
Displays / Avionics Organization. Data Patterns built integration facility
a Nano Satellite which was
• Developed a Fire • Upgradation of Tracking deployed in 2017.
Control System Brahmos for • RadarsDeveloped 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
25
----- End of picture text -----

==> picture [34 x 10] intentionally omitted <==

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

2001
----- End of picture text -----

==> picture [91 x 7] intentionally omitted <==

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

Q2FY24 Earnings Presentation
----- End of picture text -----

A De-Risked Business Model

==> picture [733 x 379] 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 2 MoD Tenders
Available Radars, Electronic Warfare, Fire 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 •
Satellites and Develop Sensors,
• 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
26
----- End of picture text -----

Q2FY24 Earnings Presentation

Driven by Innovation Focused Business Model

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

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

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

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 modules, ➢ Airborne phased array radar ➢ Cockpit displays, ➢ Frequency hopping radio relays ➢ Actuator controllers for missiles ➢ Next generation EW products

• and torpedoes,

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

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

S.No Product(s) Details	S.No Product(s) Details	S.No Product(s) Details
1	Monopulse RF Seeker	Deliveredprototypes to DRDO
2	X-Band Doppler Weather Radar	Prototype installed in Chennai for meteorologydepartment
3	205MHz Wind Profile Radar for CUSAT	Installed at Cochin for a government owned university
4	Radar for Naval UtilityHelicopter	Prototype delivered to LRDE
5	A Next-Generation Software Defined Radio for fighter aircrafts	Prototype developed for DEAL
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	Beingdelivered to industry
10	Power PC Card	190 nos delivered to HAL
11	WBLRU	Delivered to DRDO

29

Q2FY24 Earnings Presentation

Servicing Marquee Clients

==> picture [744 x 170] intentionally omitted <==

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

Marquee customers in the Indian defence & aerospace ecosystem
Government Departments Indian DPSU Others
Ministry of
Defence
Indian
government
space
organisation
----- End of picture text -----

History of business continuity & reliable product service for marquee customers

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

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

Products form critical components

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

Supply of products to prestigious defence projects in India

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

30

Q2FY24 Earnings Presentation

Led by a Highly Reputed and an Experienced Management Team

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

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

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

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

Mr. Prakash R

Company Secretary and Compliance Officer

• 10 years of secretarial and legal expertise in listed entities

• Post Graduate Law Professional and Member of ICSI

  • Joined Data Patterns in 2023

• Associated with Data Patterns – 20+ years

31

Q2FY24 Earnings Presentation

Well Rounded and Diverse Board

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

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)

32

Q2FY24 Earnings Presentation

==> picture [448 x 474] intentionally omitted <==

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

Q4 and FY23 Earnings Presentation
----- End of picture text -----

==> picture [138 x 61] intentionally omitted <==

Appendix

Historical Statement of Profit and Loss

	Particulars(Rs. Mn)	FY21	FY22	FY 23	H1FY24
	Revenue from Contract with Customers	2,239.5	3,108.5	4,534.5	1980.0
	Other Income	26	39.6	92.2	224.5
	Total Revenue	2,265.5	3,148.1	4,626.7	2204.5
	Expenses:
	a)Cost of materials consumed	629.78	915.9	1,941.4	886.0
	b)Changes in inventories of FG, WIP and SIT	74.25	-55.2	-232.3	-228.0
	c)Employee benefits expenses	484.21	623.5	794.9	486.5
	d)Finance cost	145.02	109.9	77.4	39.8
	e)Depreciation/Amortization	55.52	66.3	84.5	59.5
	f)Other expenses	131.38	213.9	312.4	149.2
	Total Expenses	1,520.2	1,874.3	2,978.3	1393.0
	Profit before tax	745.34	1,273.8	1,648.4	811.5
	Tax expense	189.63	334.1	408.4	215.3
	Profit(Loss)for theperiod	555.71	939.7	1,240.0	596.2
	Other Comprehensive Income	-9.56	-11.5	-10.2	1.6
	Total Comprehensive Income for theyear	546.15	928.2	1,229.8	597.8
	PAT Margin %	24.53%	30.23%	27.35%	30.20%
	EBITDA	919.4	1,409.9	1,718.1	686.0
	EBITDA margin%	41.10%	45.33%	37.89%	34.60%
	Return on Net Worth	30.70%	24.01%	14.24%	14.4%
	Total Debt	332.21	67.7	7	0
	Debt to Equity	0.16	0.01	0.00	0

34

Q2FY24 Earnings Presentation

Historical Balance Sheet

Historical Balance Sheet	Historical Balance Sheet	Historical Balance Sheet	Historical Balance Sheet	Historical Balance Sheet
Particulars(Rs. Mn)	Mar-21	Mar-22	Mar-23	Sep-24	Particulars (Rs. Mn)	Mar-21	Mar-22	Mar-23		Sep-24
ASSETS					EQUITY AND LIABILITIES
					Equity
Non-current assets
					(a) Share capital	17.0	103.8	112.0		112.0
(a) Property, Plant and Equipment	292.1	441.6	912.5	996.3
					(b) Other Equity	2,060.7	5,641.3	11,558.8		11,904.5
(b) Capital Work in Progress		173.0	13.5
					Total equity and liabilities	2,077.7	5,745.1	11,670.8		12,016.5
(c) Intangible Assets	5.6	13.5	20.0	19.2	Liabilities
					Non-current liabilities
(d) Right of Use Assets	34.4	19.7	187.9	197.4
					(a) Financial Liabilities
					(i) Borrowings	97.7	7.3	2.6
(e) Other Financial Assets	340.7	1,220.4	838.7	771.9
					(ii) Lease Liabilities	24.4	11.1	4.3		16.2
Total non-current assets	672.8	1,868.2	1,997.7	1,984.8
					(b) Provisions	85.2	111.6	102.5		105.8
Current assets					(c) Deferred Tax Liability (Net)	8.1	-			9.7
(a) Inventories	737.5	1,197.7	1,929.5	2,560.6	(d) Other Non Current liabilities	273.7	157.0	1,306.8		95.9
					Total non-current liabilities	489.0	287.0	1,416.2		227.6
(b) Financial Assets
					Current liabilities
(i) Investment			556.8	2,460.4
					(a) Financial Liabilities
(ii) Trade receivables	1,559.4	1,983.1	3,824.8	3,450.9	(i) Borrowings	234.5	60.4	4.6
					(ii) Trade payables	120.0	381.5	430.6		402.8
(iii) Cash and cash equivalents	88.1	1,770.8	2,147.8	639.4
					(iii) Other Financial Liabilities	40.1	220.7	118.0		73.4
(iv) Other Bank Balances			3,297.5	2,933.5
					(iv) Lease Liabilities	15.2	13.2	13.4		10.8
(iv) Other Financial Assets	51.0	88.6	211.5	189.9
					(b) Other current liabilities	246.4	226.8	664.4		1,983.9
(c) Other current assets	177.3	158.3	379.7	526.5	(c) Provisions	9.6	7.2	31.4		31.0
Total current assets	2,613.2	5,198.5	12,351.7	12,761.2	(d) Current tax Liabilities	51.3	124.8	-		-
					Total current liabilities	717.0	1,034.6	1,262.4		2501.9
TOTAL ASSETS	3,283.7	7,066.7	14,349.4	14,746.0
					TOTAL EQUITY AND LIABILITIES	3,283.7	7,066.7	14,349.4		14,746.0

Q2FY24 Earnings Presentation

35

Historical Cash Flow

Particulars(Rs. Mn)	FY20	FY21	FY22	FY23	H1FY24
Net Profit before tax	284.7	745.2	1,273.8	1,648.4	811.5
Adjustments for :
Add : Depreciation	54.6	55.7	66.3	84.5	59.5
Add : Interest And Finance Charges	133.4	145.0	109.9	77.4	39.8
Add : Liquidated Damages(LD)Written Off	-	-	12.8	44.6	2.3
Add : Unrealised Forex Gain/Loss	-	-	3.9	11.3
Less: Profit on sale of assets	-1.8	-1.2	-	-
Less: Profit/Loss on sale of Mutual Funds	-	-	-	-8.0	-6.24
Less: Interest Income	-25.6	-22.2	-39.8	-84.2	-161.0
Others					8.0
Operating Profit Before Working Capital Changes	445.3	922.5	1,426.9	1,774.0	697.7
Adjustments For Working Capital Movements :	-282.4	-183.7	-621.4	-1,412.2	-213
Cash Generated From Operations	162.9	738.8	805.5	361.8	484.7
Direct Taxes (Paid) /adjusted	-28.4	-189.8	-283.6	-534.2	-274.4
Net Cash flow From Operating Activities (A)	134.5	549.0	521.9	-172.4	210.0
Cash Flow From Investing Activities (B)	14.0	-27.5	-1,197.7	-3,831.6	-1,413.8
Cash Flow From Financing Activities (C)	-136.5	-448.6	2,358.6	4,381.0	-304.6
Net Increase in Cash & Cash Equivalents (A+B+C)	12.0	72.9	1,682.8	377.0	-1,508.4
Cash & Cash Equivalent At The Beginning Of The Year	3.1	15.1	88.0	1,770.8	2,147.8
Cash & Cash Equivalent At The End Of The Year	15.1	88.0	1,770.8	2,147.8	639.4

Q2FY24 Earnings Presentation

36

Core groups or departments for design and development of products

products	products	products
Total Employee Strength Department Design & Engineering (D&E) Manufacturing Support Marketing & Customer support Total In Q2FY24			# of Employees 662 421 126 68 1,277 825+ qualified Engineers out of 1277 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 conditioning modules 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.

37

Q2FY24 Earnings Presentation

Defence modernization programmes

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

• 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

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

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”)

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

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

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.

38

Q2FY24 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

==> picture [511 x 260] intentionally omitted <==

----- 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 Our products are developed to compete with
Reliance Defence BEL international and domestic equivalents.
BDL
5 Tata Advanced Systems Further, we offer end to end solutions to the
Kalyani Strategic customer
Systems Ltd
Data
Adani Aerospace
Patterns
Paras Defence
Alpha Design Technologies
Ability to offer wide range of products. We
Astra Microwave Centum Electronics
also have strong and balanced capabilities
Mistral CoreEL Technologies across 12 defence and aerospace segments
Subcomponents focused
----- End of picture text -----

39

Q2FY24 Earnings Presentation

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

Q2FY24 Earnings Presentation