Slide 1: Q1 FY14 Earnings Presentation
AN ISO 9001-2008, ISO-14001- 2004 & Apar Industries Ltd. OHSAS 18001 CERTIFIED COMPANY Q1 FY14 Earnings Presentation Tomorrow's Progress Today Apar Industries Limited Earnings Presentation Aug 2013
Slide 2: Agenda
Agenda Q1FY’14 Performance ► Q1FY14 Business Overview………………………..……...………..03 ► Management’s comment ..............……………………...……..….…04 Business Overview ► Conductor overview………………………………………………...05 ► Transformer & Sp Oil overview......................……………………..06 ► Power & Telecom Cables Overview
Slide 3: Q1FY14 Business overview
Q1FY14 Business overview Standalone Revenue EBFTDA Profit after Tax Q1FY14 945 76 10 16% 8% 7% Q1FY13 1,126 70 11 Consolidated 35,448 Revenue PBT 4,258 Profit after Tax 3,898 Q1FY14 965 21 15 17% 4% 1% Q1FY13 1,159 20 15 Figures in Cr 3 Apar Industries Limited Earnings Presentation Aug 2013
Slide 4: Management's comment
Management’s comment The total revenue drop by 16% is largely from the volume drop seen from the conductor segment on account of sluggish demand from PGCIL. Margin improved mainly on account of execution of higher margin orders in conductor division off set by lower margins in cable division. During
Slide 5: Conductor business overview
Conductor business overview Figures in Rs Cr Revenue EBFTDA Order Book Q1FY14 341 42 1,117 34% 19% 45% Q1FY13 518 35 2,026 Volume drop on account of sluggish demand from PGCIL due to inventory build up at their end and the shifting of manufacturing from higher cost Nalagargh to Silvassa area. There
Slide 6: Transformer & Sp Oils business overview
Transformer & Sp Oils business overview Figures in Rs Cr Revenue EBFTDA Volume (KL) Q1FY14 506 45 73,968 5% 7% 2% Q1FY13 530 42 72,353 Volume growth seen in Transformer oil (domestic), overseas shipments and Industrial oils Market remains competitive, but there has been a slight improvement seen in
Slide 7: Power & Telecom cables business overview
Power & Telecom cables business overview Figures in Rs Cr Revenue EBFTDA Order Book Q1FY14 98 -4 164 4% 300% 152% Q1FY13 94 -1 65 Expansion of Elastomeric cables with added E-beam capability and capacity increase in Power Cables and Optical Fibre cables will be completed in Q2. This will result in h
Slide 8: Automotive Lubricants business overview
Automotive Lubricants business overview Volume growth in the first quarter was almost flat, but there was a substantial improvement in profitability through better product mix and higher sale of small packs vs. bulk packs resulting in higher contribution Volume sales for OEM Automotive accounts incr
Slide 9: Company Overview
Company Overview
Slide 10: A global leader in Conductor and Transformer Oil
A global leader in Conductor and Transformer Oil One of the earliest company to start conductor business in 1958, diversified to transformer oils in 1969, to become a $850mn corporation by FY13. Pioneers in overhead Transmission and Distribution Conductors . Among top five producers of conductors an
Slide 11: Business Structure
Business Structure • Since 1969 • Since 1958 • 45% market share • 23% market share • Rabale Plant: • Silvassa Plant: 222,000KL 82629MT • Silvassa Plant: 220,000 • Umbergaon Plant: KL 20868MT • Athola Plant: 36000MT Speciality Oil Conductors (Revenue: 38%) (Revenue: 48%) Automotive Power & Telecom Lu
Slide 12: Competitive strengths
Competitive strengths Best in class Diversified into new Market Leader in Strong relationship Strong export technology & business for growth key segments with large clientele market diversified products • Top 5 largest • Technology tie up with • Preferred supplier to • Exports to more than • Entered
Slide 13: Diverse Product Mix
Diverse Product Mix… Conductors Transformer and Power & Telecom Auto/Ind Lubricants Specialty Oils Cables • AAC • Transformer Oils • LT Cables • PSMOs, DEOs, two- • ACSR • Rubber Processing • HT Cables wheeler oils and gear • AAAC • INK Oils • Special cables for oil greases • AACSR/ACAR • Liq. Paraf
Slide 14: Strong revenue growth over the years
Strong revenue growth over the years Figures in Rs Cr Consol Revenue Conductor 5,150 4,651 2,550 4,650 28% CAGR 2,226 4,150 2,050 31% CAGR 3,595 3,650 3,033 3,150 1,550 1,326 1,363 2,650 2,236 2,150 986 1,050 1,650 1,150 650 550 150 FY10 FY11 FY12 FY13 50 FY10 FY11 FY12 FY13 Transformer & Sp Oil Pow
Slide 15: Global Presence
Global Presence Presence across 90 countries Manufacturing Units. Rabale (Maharashtra), Silvassa & Athola (Union Territory of Dadra and Nagar Haveli), Umbergaon (Gujarat) 15 Apar Industries Limited Earnings Presentation Aug 2013
Slide 16: Annexure
Annexure
Slide 17: Shareholding pattern
Shareholding pattern As on June 30, 2013 Outstanding shares – 3,84,70,431 Major Non-Promoter Shareholding Shareholders (%) Templeton Strategic Emerging Markets Funds 9.45 Non Institutions, Shinny Ltd Mauritius 6.85 10.49 Reliance Capital 4.98 Raiffeisen Kapitalanlage 2.60 Mackenzie Cundill 2.11 Bodi
Slide 18: Q1'FY14 : Profit & Loss Statement – Standalone
Q1’FY14 : Profit & Loss Statement – Standalone Particulars (Rs Cr) Q1 FY'14 Q1 FY'13 % Chg YoY Q4 FY'13 % Chg QoQ Net sales 937.8 1,116.9 -16.0 1154.8 -18.8 Other operating income 7.6 8.9 -15.3 9.7 -22.3 Total Operating Income 945.4 1,125.8 -16.0 1164.5 -18.8 Total Expenditure 869.8 1,055.9 -17.6 10
Slide 19: Q1'FY14 : Key Ratios – Standalone
Q1’FY14 : Key Ratios – Standalone Key Ratios Q1 FY'14 Q1FY'13 Q4FY'13 EBITDA Margin 7.99% 6.21% 6.88% Net Margin 1.10% 0.99% 2.54% Total Expenditure/ Total Operating Income 92.64% 94.27% 93.77% Raw Material Cost/ Total Operating Income 77.24% 79.57% 76.55% Staff Cost/ Total Operating Income 1.45% 1.
Slide 20: Q1'FY14 : Segment Analysis – Standalone
Q1’FY14 : Segment Analysis – Standalone Segment (Rs Cr) Q1FY14 Q1FY13 %YoY Q4FY13 % QoQ FY13 Revenue Conductors 341.1 518.5 -34.2 556.1 -38.7 2,226.3 Transformer & Speciality Oils 506.1 530.7 -4.6 501.2 1.0 1,920.9 Power & Telecom Cables 98.4 94.4 4.2 108.1 -9.0 418.5 Others/Unallocated 3.9 3.4 13.8
Slide 21: Contact us
Contact us For any Investor Relations queries, please contact: Sanjaya Kunder Alok Somwanshi/ Ajay Jindal Apar industries Ltd Four-S Services Pvt Limited Phone: +91 22 67800400 Phone: +91 22 4215 3659 Email: kunder@apar.com Email: alok.somwanshi@four-s.com ajay.jindal@four-s.com Safe Harbor: This pr