Harsha Engineers International Ltd. · NSE:HARSHA
Harsha Engineers International — Q2 FY23 Earnings Presentation
18 slides from Harsha Engineers International's earnings presentation, Nov 4, 2022
Slide 1: Exchange filing cover letter
HEIL/SE-10/2022-23 November 4, 2022 To, To, The Manager (Listing), The Manager (Listing), The BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, "Exchange Plaza", C-l, Block - G, Dalal Street, Bandra - Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai – 400 051 Script Co
Slide 2: Earnings Presentation - For Q2 / H1 of FY23
Harsha Engineers International Limited Earnings Presentation - For Q2 / H1 of FY23
Slide 3: Disclaimer/ Safe Harbor
Disclaimer/ Safe Harbor Cautionary statement regarding forward-looking statements ● This presentation may contain certain forward-looking statements relating to Harsha Engineers International Limited (“HEIL”, or “Company””) and its future business, development and economic performance. These stateme
Slide 4: Index
Index Quarterly Highlights Summary on use of IPO Proceeds Business Update Company Overview 3 Privileged & Confidential, © 2022, All Rights Reserved.
Slide 5: Quarter Highlights
WN vue Y) _ Y —_l x Y x QUARTER
Slide 6: Financial Highlights
Financial Highlights ₹ in Lakhs Revenue - Engineering CONSOLIDATED EBITDA - Engineering CONSOLIDATED PAT - Engineering CONSOLIDATED EBITDA EBITDA % PAT PAT % Revenue outside 67.1% 57.8% 61.2% India (%) 40000 5,516 35000 5,153 3,500 3,065 2,770 30000 6,000 20.0% 3,000 4,218 18.0% 1,930 25000 8.5% 8.7
Slide 7: Consolidated P & L Statement
Consolidated P & L Statement (₹ in Lakhs) Particulars Q2 FY23 Q2 FY22 H1 FY23 H1 FY22 31-Mar-22 Revenue from Operations 32,197 32,325 71,965 62,946 132,148 Other Income 427 200 1,047 817 1,752 TOTAL REVENUE 32,624 32,525 73,012 63,763 133,900 COGS 16,666 18,059 40,008 34,858 73,969 Employee Benefits
Slide 8: Certain Key Parameters and Break Up- Consolidated
Certain Key Parameters and Break Up- Consolidated ₹ in Lakhs Particulars Q2 FY23 Q2 FY22 H1 FY23 H1 FY22 31-M ar-22 Revenue from Operations - Engineering & Others - Consolidated 31,817 30,465 67,670 59,371 123,853 - Engineering & Others - India 23,849 21,361 50,764 41,277 87,350 - Solar - EPC and O
Slide 9: Working Capital – Consolidated
Working Capital – Consolidated ₹ in Lakhs Sr. Particulars H1 FY23 H1 FY22 2021-22 1 Inventories a. Raw Material - Amount 9,296 7,568 8,203 No. of Days 24 22 23 b. WIP & FG - amount 16,231 14,590 16,893 No. of Days 41 42 47 c. Stores & Spares and Tooling - amount 11,863 10,145 10,902 No. of Days 30 2
Slide 10: Utilisation of IPO Proceeds as on 30th Sept. 2022
Utilisation of IPO Proceeds as on 30th Sept. 2022 Amount (₹ Particulars Lakhs) Total IPO Proceeds 45,500 Less: IPO Expenses -2,560 Net Proceeds as per Prospectus 42,940 Less: IPO Expenses (excess contingencies hold) -200 Net Proceeds available 42,740 Amount as proposed in Amount Unutilised Sr. No Pa
Slide 11: Business Update
Business Update • Topline reduction in Q2 is partly attributable to reduction in metal prices mainly for Steel, Copper and Zinc in the said quarter. • In consolidated financial of Q2, there is a negative exchange rate impact on COGS of Rs. 240 Lakhs related to changes in inventories while converting
Slide 12: Company Overview
Company Overview
Slide 13: Harsha At A Glance
Harsha At A Glance Largest manufacturer of precision bearing cages in India* 50-60% of domestic 6.5% of the market share in the global organized bearing brass, steel and polyamide market share cages market^ 4 strategically located manufacturing facilities with various warehouses at different locatio
Slide 14: Bearing cages | ~US$5.2bn market expected to grow at ~6.4%
Bearing cages | ~US$5.2bn market expected to grow at ~6.4% Bearing cages form an important component Bearing cages have increasing usage across High growth bearing cages market within Bearings key fast-growing end user industries Global Bearings Market Domestic Bearings Market Global Bearing Cages M
Slide 15: Comprehensive solution provider offering diversified suite of precision engineering products
Comprehensive solution provider offering diversified suite of precision engineering products Bearing Cages Different designs of bearing cages with diverse applications Thrust Roller Spherical Roller Cylindrical Roller Sand Casting Bronze Precision Stamping Taper Roller Deep Grove Angular Contact Bal
Slide 16: Expertise in tooling, design development and automation
Expertise in tooling, design development and automation Full-service capabilities Tooling Design Tool Manufacturing under one roof • Expertise to design and develop • Comprehensive tooling, testing and advance tooling inhouse which measurement infrastructure enables HEIL to manufacture • Dedicated t
Slide 17: Key Strategies going forward
Key Strategies going forward Enhance market leadership in bearing cages and customer base expansion Growing bronze bushings and specialised component segment Increased focus on developing products suited to capture market opportunity in the growing EV segment Retain and strengthen technological lead
Slide 18: Thank You
THANKYOU (uarsua ENGINEERS
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