Jtl Industries Limited · NSE:JTLIND
Jtl Industries — JTL Infra — Q4 FY22 Earnings Presentation
44 slides from Jtl Industries's earnings presentation, May 9, 2022
Slide 1: Electronic filing cover letter to stock exchanges
ELECTRONIC FILING Ref: JTL/CHD/SE/2022-23/015 May 9, 2022 Corporate Relationship Services Corporate Relationship Services BSE Limited Metropolitan Stock Exchange of India Limited 25TH Floor, P.J. Towers, 4th Floor, Vibgyor tower, Opposite Trident Dalal Street, Hotel Bandra- Kurla Complex Mumbai 400
Slide 2: Investor Presentation Q4 FY22
JTL INFRA Limited Investor Presentation Q4 FY22 JTL Infra Limited
Slide 3: Table of Contents
Table of Contents Financial Highlights Company Overview Business Overview Industry Overview Way Ahead JTL Infra Limited 2
Slide 4: Safe Harbour
Safe Harbour This presentation has been prepared by JTL Infra Limited (the “Company”) solely for information purposes and does 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 contr
Slide 5: Consolidated Financial Highlights
Consolidated JTL Infra Limited Financial Highlights
Slide 6: Financial Highlights
Financial Highlights Quarterly Results Annual Results Rs. Cr Q4 FY22 Q4 FY21 Q3 FY22 FY22 FY21 Revenue from Operations 301.15 204.19 232.45 975.72 435.76 Other Income 1.22 3.00 0.31 3.54 4.61 Total Income 302.37 207.19 232.76 979.25 440.37 Raw Materials 268.81 185.48 208.06 877.59 392.33 Employee Co
Slide 7: Balance Sheet
Balance Sheet As on 31st As on 31st As on 31st As on 31st Rs. Crs Rs. Crs Mar’22 Mar’21 Mar’22 Mar’21 Shareholders Funds 157.52 96.91 Non-current Assets 60.40 29.83 Share Capital 11.84 10.61 Fixed Assets 42.45 28.48 R&S 145.68 86.30 Capital work in progress 3.40 0.00 Non Current Liabilities 11.13 13
Slide 8: Review of Financial Highlights– Q4 & FY22
Review of Financial Highlights– Q4 & FY22 Review of Financial Performance (Q4FY22) Review of Financial Performance (FY22) • Sales Volumes for Q4FY22 increased by 27.6% to 44,158 metric tons 14.06% over Q4FY20 of 34,612 • Sales Volumes increased by 70.9% to 1,48,276 metric tons metric tons from 86,77
Slide 9: Other Developments for the year
Other Developments for the year • With recently installed new capacity of 1 lakh metric tons in Mangaon plant, Company can now manufacture heavy structural pipe ranging from 250 NB Round Pipes and 200*200 NB Square Pipes up to 8 mm thickness. The line was ready for commercial production on 30th Marc
Slide 10: Annual Financial Performance
Annual Financial Performance Sales Volume (tons) Revenue (Rs. Cr.) 1,60,000 1,48,276 1,40,000 1,200 1,20,000 975.7 1,00,000 86,771 1,000 80,000 800 58,061 60,000 47,627 32,218 600 40,000 435.8 400 321.9 20,000 229.9 169.7 0 200 FY18 FY19 FY20 FY21 FY22 0 FY18 FY19 FY20 FY21 FY22 EBITDA (Rs. Cr.) / M
Slide 11: Revenue Mix
Revenue Mix Marketwise Revenue Break-up Industrywise Revenue Break-up (Rs. Crore) 854.6 Engineering & Heavy Vehicles 12.59% Irrig. & Water Transport 12.67% Construction 35.14% 368.3 276.0 Core Infra 183.8 39.60% 126.5 121.1 67.5 43.2 45.9 46.1 FY18 FY19 FY20 FY21 FY22 Export Domestic JTL Infra Limit
Slide 12: Key Financial
Key Financial Net Working Capital Days Net Debt (Rs. Cr.)* 140 140 129 120 120 96 100 78.2 100 81 80 62.5 80 65 63 57.5 60 60 34.9 40 21.2 40 20 20 0 0 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 EBITDA/Ton (Rs.) 5,500 4,892 5,000 4,575 4,500 4,078 4,000 3,779 3,447 3,500 3,000 2,500 2,000 1,5
Slide 13: Key Financial Ratios
Key Financial Ratios Debt/Equity (x) RoA (%) 18.09% 0.95 0.83 0.97 13.44% 0.67 11.10% 9.58% 0.52 7.14% FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 RoCE (%) RoE (%) 31.52% 29.49% 32.67% 34.15% 32.87% 31.76% 22.09% 20.70% 14.65% 16.46% FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 ROE = Net
Slide 14: Value Creation for Shareholders
Value Creation for Shareholders Market Capitalisation (Rs. Cr.) Sub-division of shares - During Q3 FY 22, Company completed sub-division of 1366 share (i.e. Share Split) - One Share of Face Value of Rs. 10 split into five share of Rs. 2 each Shares & Share Warrants 564 -Total outstanding Equity Shar
Slide 15: Company Overview
JTL Infra Limited Company Overview
Slide 16: JTL Infra at a Glance
JTL Infra at a Glance Among India’s Leading manufacturer of ERW steel tube pipes Flagship company of the Jagan Group Incorporated as Jagan Tubes Pvt. Ltd. in 1991, name changed to JTL Infra Ltd. in year 2008 Strong & Diversified Product Portfolio Hot dipped Galvanized Steel Tubes and Pipes B
Slide 17: Mission and Values
Mission and Values Mission To produce and continually develop quality products with highest possible standards. The Company will always strive to service it customer with utmost integrity and to their complete satisfaction. It is the Company ‘s goal to ensure its mission by continues self improvemen
Slide 18: Journey So far
Journey So far Merger Announcement of Merger of Chetan Industries Limited (Transferor) with JTL Infra Limited (Transferee) NSE Trading Approval Acquisition Shares of the Company permitted to trade at NSE w.e.f. Expansion December 23, 2021 Incorporated state of art All Moveable and Immovable Assets o
Slide 19: Management Team
Management Team • 30 years of rich experience in steel industry Mr. Madan Mohan Singla • In depth knowledge of steel & pipe Industry Managing Director • Known for his business finance and strategic abilities • More than 27 years of experience in steel industry Mr. Rakesh Garg • Specifically assigned
Slide 20: Management Team
Management Team • Chartered Accountant by qualification and has around 10 years of experience in Corporate Finance, Accounts, Taxation Mrs. Preet Kamal Kaur and other related matters Bhatia • Associated with the Company since 2015 as an Independent Director Independent Director • 37 years of experie
Slide 21: Key Strengths & Unique Capabilities
Key Strengths & Unique Capabilities 01 02 03 04 05 State of Art Manufacturing Facilities Rich Managerial Quality Standard and & Advanced R&D Capabilities Experience Assurance Diversified Dynamic & Rich Adherence to quality Well equipped with latest experience in special standards across all st
Slide 22: Ready to Capitalize on Opportunities
Ready to Capitalize on Opportunities Potential structural steel market size of: Opportunity Expected to grow at 5.5% over next 5 years Size… * FY22 sales volume was 1,48,276 MT Where we Current capacity- 4 lakhs MT (1 lakhs added in FY22) are.. Further 1 lakh MT capacity addition under process
Slide 23: On path of Premiumization..
On path of Premiumization.. 1 2 3 4 5 › Moving towards › Focusing on products › Consumer centric › Leveraging JTL Infra › Innovative sizes/new solution driven which are approach brand equity applications where offerings and heavy aesthetically competition is behind weight structural steel appealing
Slide 24: Business Overview
JTL Infra Limited Business Overview
Slide 25: Products & Uses
Products & Uses Product Description Uses Steel pipe dipped into bath of zinc - coats pipes and Hot dipped Galvanized Steel Tubes protects from corrosion - installed for water supply and and Pipes tubing outdoor applications., automotive and suitable for sewage and industrial applications ERW Pipes a
Slide 26: Uses of ERW Steel Tubes
Uses of ERW Steel Tubes Irrigation & Agriculture Construction & Building Energy & Engineering Core Infrastructure Heavy Vehicles Material Agriculture Green Constructions Solar Plants Airports Truck & Bus Implements Buildings/Structures Power Plants Ports Body Drip Irrigation Fenc
Slide 27: Our Manufacturing Locations
Our Manufacturing Locations Unit-I : Gholu Mazra (Near Chandigarh) Unit-III : Mandi - Mandi - Capacity : 1 Lac MTPA Gobindgarh (Punjab) Gobindgarh (Punjab) Capacity : 1 Lac MTPA Capacity : 1 Lac MTPA Unit-II : Mangaon Existing (Near Mumbai) Merger Approved Capacity : 2 Lac MTPA Ongoing Expansion 1 L
Slide 28: Demographic Exports
Demographic Exports North EUROPE AFRICA ASIA AUSTRALIA America BELGIUM BOTSWANA DUBAI AUSTRALIA WEST INDIES GERMANY ETHIOPIA HONG KONG GREECE GUYANA UAE MOZAMBIQUE - Location of JTL Mangaon will help to realize higher export turnover as we are placed next to the port, result of which can be seen in
Slide 29: Penetrated Distribution Network
Penetrated Distribution Network a. Punjab region is one of highest consumer of structural steel – JTL is only integrated player of structural steel in Domestic this region b. With plants located across different regions of India JTL is ell set to penetrate across country • Export customer base well
Slide 30: Industry Overview
JTL Infra Limited Industry Overview
Slide 31: Industry We Cater To
Industry We Cater To Welded Ductile Iron Seamless ERW SAW ERW Precision Oil & Gas, (Structural/ Commercial) Potable Water & (HSAW & LSAW) (DOM) Engineering, Sewage Automotive and Transportation Traditional: Engineering, Auto, Power, Oil & Power Oil & Gas, Gas(Last mile, city gas distribution), Water
Slide 32: Strong Demand for Steel Tubes & Pipes
Strong Demand for Steel Tubes & Pipes* JTL Infra Limited *1 Research Reports/Company Estimates 2. Including Oil and Gas Segment 31
Slide 33: India at the start of Structural Steel Usage
India at the start of Structural Steel Usage Structural Steel Tubes Market as % of Steel Potential Structural Steel Tubes Market in Market (2019) India (Mn Tons) Immense 11 potential 22 of growth 9 9 8 8 7 13 4 4 Global Europe Latam Japan Middle North India 2019 2023E 2030E East America Structural S
Slide 34: Structural Steel Tubes essential for new age construction
Structural Steel Tubes essential for new age construction Growth Drivers Benefits Growing vertical model of development Environmentally friendly Increased Spending on Skyscrapers Recyclable & lower greenhouse gas emission Higher expenditure on infrastructure No underwater usage unlike co
Slide 35: Industry Structure-ERW Pipes
Industry Structure-ERW Pipes 4-5% 7-8% Current Market Organisation Formalisation of Economy – Organised as ERW pipe market Unorganised 45% becomes more and more 55% quality conscious, there Growth in Estimated Growth would be some pressure on the unorganized players for last 5 years in coming 5 year
Slide 36: New Opportunities to revolutionize construction industry
New Opportunities to revolutionize construction industry JLL (a global real estate services firm) projects that there will be 344 Mn sq. ft of warehousing space in Warehousing India by 2022 Logistics, engineering, auto and ancillaries, e-commerce, FMCG, retail and telecom, and white goods have r
Slide 37: Industry Revolution
Industry Revolution Conventional Why Structural Steel Tube replaces Applications Construction Products these products? Uniform Strength, Lower steel consumption Low Diameter Steel Cost Effective, Termite Proof, Tubes/Low Environmentally Friendly Load Bearing Cost Effective, Higher Strength Faster Co
Slide 38: Way Ahead
JTL Infra Limited Way Ahead
Slide 39: Business Transformation for Phase I
Business Transformation for Phase I Phase I – FY15 to FY20 Established strong Market network Prepared ground for Exports Expanding product offerings by adding Galvanise Section and Solar Section Capacity expansion by putting up new green filed project in Mangaon, Maharashtra with 1 lakh Metr
Slide 40: Business Transformation for Phase II: Mission 1 Million MT
Business Transformation for Phase II: Mission 1 Million MT Phase II – FY21 to FY25 Vision • Increase capacity utilisation of completed expansions • Improve and enhance share of value added products - as well as expand product range. • Strengthen domestic presence with deeper penetration and creation
Slide 41: Mission 1 Million MT: Capacity Expansion
Mission 1 Million MT : Capacity Expansion Capacity Final Existing Vision FY2025 (in Tons) Capacity Total Segment/ Location Derabassi Mangaon Mandi Total Derabassi Mangaon Mandi Raipur Expansion Structural General 1,00,000 1,00,000 1,00,000# 3,00,000 1,00,000**# 1,00,000 1,00,000** 3,00,000 6,00,000
Slide 42: Solid Future Outlook
Solid Future Outlook Targeting above-industry average growth rate Investing in technology, resources Think Tank and Execution Team, to further increase EBIDT, Net Manufacturing, Operations, Marketing plans Margin per MT and return ratios already in place and we are committed to 01 thereby in
Slide 43: ESG Initiatives
ESG Initiatives Environment Social Governance Contribute towards skill Company creating a professional Committed towards a cleaner, development among the local Board and brining in professional greener and healthier environment population KMPs as part of compliance and Optimise energy consum
Slide 44: THANK YOU!
THANK YOU! Any questions? For further information, please contact: Mr. Dhruv Singla Ms. Disha Shah JTL Infra Ltd Bridge Investor Relations Pvt. Ltd. Email: ds@jtlinfra.com Tel: +91 9699060134 Website: www.jtlinfra.com Email: disha@bridge-ir.com JTL Infra Limited 43