Kabra Extrusiontechnik Ltd. · NSE:KABRAEXTRU
Kabra Extrusiontechnik — Q3 FY2023 Earnings Presentation
30 slides from Kabra Extrusiontechnik's earnings presentation, Jan 20, 2023
Slide 1: Exchange filing cover letter for investor presentation
ExtrusionTechnik KET /SEC/SE/2022-23/56 January 20, 2023 BSE Limited National Stock Exchange India Ltd. Floor 25, Phiroze Jeejeebhoy Tower, Exchange Plaza, C-1, Block-G, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai - 400 001 Mumbai-400051 Scrip Code: 524109 Stock Code: KABRAEXTRU Dear S
Slide 2: Kabra ExtrusionTechnik Investor Presentation January 2023
KABRA ExtrusionTechnik BATTRIXX FUTURE ENERGY Kabra ExtrusionTechnik Ltd Investor Presentation | January 2023
Slide 3: Company Snapshot
Company Snapshot 3 Sd = Battrixx Business bs) © Sd = Extrusion Machinery Business 15 oO i Se Financial Highlights 18 =) = Annexures 25 = fa
Slide 4: Company Snapshot
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Slide 5: Company Snapshot
“Company Snapshot © BATTRIXX KABRA ExtrusionTechnik Extrusion Machinery Business Battrixx alan talielas (Established Market Leader) (Emerging Leader in an EVolving Segment) Battrixx is a battery related solutions for electric mobility and India’s premier manufacturer & exporter of extrusion plants e
Slide 6: Battrixx Business
Battrixx Business
Slide 7: Our Journey so Far
Our Journey so Far aa oan Started as low Became co-design, technology & low development and automation manufacturing battery pack partners for the Partner of Choice assembler OEMs for our customers 6 )\ Acquired Licence Design Invested in advanced Added capabilities & Manufacturing manufacturing and
Slide 8: Battrixx - Where We Aspire for Leadership
Battrixx - Where We Aspire for Leadership amex KABRA —— Investor Presentation oe oe ¢ 7
Slide 9: Largest Chemistry Agnostic Battery Pack Manufacturer
‘Largest Chemistry Agnostic Battery Pack Manufacturer amex KABRA Strategic choices made - (i) Not Manufacturing Cells (ii) Capabilities to Handle Multiple Chemistries & Types of Cells One of the few players with Component Production ¢ The ability to handle multiple chemistries & types of cells eran
Slide 10: Building an Ecosystem for Continuous Innovation
@: Building an Ecosystem for Continuous Innovation caren ExtrusionTechnik R&D Access Areas worked upon Future Chemistries Electronics & Data Analytics Absorb Technology & Customize it for Local Conditions Designs and Tests Prototypes Goals To be a preferred partner to OEMs for providing futuristic c
Slide 11: Investing in R&D for Sustainable Growth
‘Investing in R&D for Sustainable Growth BATTRIXX @ Growing R&D Human Capital Working towards Future Innovations Engineering & Design Electrical & Electronics Material Science & Cell Technology Chemistry Absorption ‘Applying material science Efficient thermal for efficient thermal management & Safe
Slide 12: Harnessing Data for Continuous Improvement
Harnessing Data for Continuous Improvement a - ~ Ss, oe Design& develop ¢ Data collected from battery - new products packs helps in designing more efficient battery packs improving our right to win. 90%+ of customer now use Battrixx designed products as compared to less than 40% a Insights /Learning
Slide 13: Safe & Custom-made Optimized Battery Packs
Safe & Custom-made Optimized Battery Packs e BATTRIXX Safety and Performance Optimization are integrated at every level of battery design Cell level protection to mitigate thermal runways (avoiding fire incidents) Advanced weld technology which provides Module high strength, tensile force and_ least
Slide 14: Enduring & Growing Partnerships with OEMs
: Enduring & Growing Partnerships with OEMs am ocx Success Story 1: New Client Win Success Story 2: Increased OEM’s Wallet Share --® Engaged with the prospective client to understand their --® An existing & growing large OEM client experienced higher specific requirements demand for their products -
Slide 15: AIS Compliant Product within the stringent timeline
Our Capabilities enabled us to have Automotive Industry Standard (AIS) Compliant Product within the @ _ KABRA stringent timeline von vere ¢ Ministry of Road Transport and Highways (MoRTH) proposed safety norms to be complied in a battery pack mandatory from 1st December 2022 (Phase I) and 31° March
Slide 16: Extrusion Machinery Business
Extrusion Machinery Business . e * e ® @e -
Slide 17: Extrusion Machinery Business: Pillars of Strength
Extrusion Machinery Business nat oy Pillars of Strength NLA)ro ree tks Technical Collaboration R&D Focus Market Positioning Part of Kolsite Group Forged meaningful Invest in R&D to churn Brand enjoys leadership with over six decades partnerships/JVs/investments to innovative products status with 40%
Slide 18: Right to Win Quotient
ee . . Right to Win Quotient eat ¢oaxx Customer Centric Approach R&D’s: Drip Line Success Story Continual Improvement towards Diverse Areas Low Ownership Cost ? fi * Manufacturing \. / (- > Diverse Product Portfolio Application development \ /S (- + Design Enhanced Productivity & Reliability ‘ 4 ( >
Slide 19: Financial Highlights
Financial Highlights SS [ee
Slide 20: Consolidated Quarterly Highlights
‘Consolidated Quarterly Highlights earrayx 1 (in = Mn) (in = Mn) OPERATING REVENUE GROSS PROFIT & GROSS Operating revenues grew by ag mee) 96.3% YoY to = 2,068 Mn in 96.3% 51.9% Oke ee ’ ’ EBITDA surged by 36.3% YoY to = 221 Mn during the a Q3FY22 Q3FY23 Q3FY22 Q3FY23 elercbadee (in = Mn in? Mn PAT
Slide 21: Quarter-wise Operational Highlights
Quarter-wise Operational Highlights ano EXTRUSION MACHINERY REVENUES A 29.2% YoY o Extrusion Machinery Lot oy 704 revenues grew by 29.2% a 578 YoY at 878 Mn in Q3 / FY23 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 o Battrixx revenues surged (in & Mn) BATTRIXX REVENUES by 218.7% YoY to 4 1,200 A 218.7% YoY Mn
Slide 22: Consolidated Profit & Loss Statement: Q3 & 9MFY23
Consolidated Profit & Loss Statement: Q3 & 9MFY23 am ocx KABRA (in = Mn) Revenues 2,068 1,054 96.3% 4,920 2,438 101.8% 4,059 Cost of Goods Sold 1,531 700 118.8% 3,617 1,565 131.1% 2,736 Gross Profit 537 354 51.9% 1,303 873 49.3% 1,323 Gross Profit margin 26.0% 33.6% (760 bps) 26.5% 35.8% (931 bps) 3
Slide 23: Consolidated Balance Sheet Statement
‘Consolidated Balance Sheet Statement am ocx KABRA (in = Mn) ASSETS Non-current Assets 1,603 1,664 1,738 1,966 2,028 Current Assets 1,767 1,762 1,955 2,025 3,657 TOTAL ASSETS 3,370 3,426 3,694 3,991 5,685 Equity 2,333 2,461 2,322 2,781 3,289 Non-current Liabilities 31 27 170 163 242 Current Liabilit
Slide 24: Consolidated Financial Highlights
a. Consolidated Financial Highlights earoyx KABRA (in = Mn) (in = Mn) OPERATING REVENUE GROSS PROFIT & GROSS MARGINS 4,059 (in %) o Operating revenues 2.684 2,451 2202 2762 a7 Ase grew by 10.9% CAGR during FY18-22 ; a a ; my 956 854 997 o EBITDA recorded FY18 FY19 FY20 FY21_ = FY22 FY18 FY19 FY20 FY
Slide 25: Key Financial Ratios
i . . . @; Key Financial Ratios cartyx KABRA (in = Mn) (in = Mn) NETWORTH & ROCE CASH & CASH EQUIVALENTS & ROE a 9.9 - 92 - 13.1 2 11.9 3.0 3.2 o Continues to fuel 23S 2 abil expansion plans Lh FY18 FY19 FY20 FY21 = FY22 FY18 FY19 FY20 FY21 #£4¥FY22 displaying financial , DEBT & DEBT-EQUITY (in = Mn
Slide 26: Annexures
Annexures
Slide 27: EV: Industry Dynamics
EV: Industry Dynamics © BATTRIXX KABRA ExirusonTechnlk EV Sales growth in India (in ‘000s units) Annual Lithium-ion battery capacity additions for auto industry in india (GWh) Sale of EVs Expected to be around ~10 lakh 168 unit by 2022 - SMEV 104.4 147 134 e 73.5 97 53.5 38.8 28.4 21.9 18 a 9.7 2 15
Slide 28: EVs and Component Manufacturing: Policy Support
EVs and Component Manufacturing: Policy Support © BATTRIXX KABRA ExirusonTechnlk Steps taken by the government to localize EV and component manufacturi Fame II: Target vs: Actuals (FY21) (in units) —e2015 Launched FAME I scheme with an initial outlay of INR100 crores to achieve fuel security and sus
Slide 29: Battery Value Chain: Strategic Focus
@ Battery Value Chain: Strategic Focus BATTRIXX p' o Component onCell Ro; “Modules on “Pack rr ‘Vehicle iS rn Use Qe “Reuse& ‘ ! . . . . . ? . ? |I production ? ,“ production, ? ,“ production ? .“ assembly ¢ .“ integration |?“ ? “ recycling ? I------------------- --#.---------------- —f aan a eee +e
Slide 30: Battery technology evolution
© BATTRIXX KABRA ExtrusionTechnik Mainstream li-ion as Current state-of-the- Solid-state breakthroughs Cathode break- of 2020 art (2020) (2020-2030) throughs (after 2030) Li-ion Improvement Novel ways of Li-ion and solid New cathode materials to Li-ion incorporating high state, Shift to li- silicon
Kabra ExtrusionTechnik — Q3 FY2023 Earnings Presentation on 6ix