Slide 1: Salzer Electronics Limited Result Update Presentation Q4 & FY20
Salzer Electronics Limited Result Update Presentation Q4 & FY20
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Salzer Electronics 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 an
Slide 3: Table of Contents
Table of Contents Financial Highlights Company Overview Business Overview Way Ahead 3
Slide 4: Financial Highlights
Financial Highlights
Slide 5: Joint Managing Director’s Message
Joint Managing Director’s Message Commenting on the results, Mr. Rajesh Doraiswamy, Joint Managing Director, said : “During the financial year ended March’20 we registered a revenue of Rs. 566.9 crore with an EBITDA and PAT of Rs. 65.2 crore and Rs. 26.4 crore respectively. We have been able to show
Slide 6: Key Developments till date
Key Developments till date ▪ As a result of the nation-wide lockdown declared in March 2020, the net sales in the last ten days of the fourth quarter and of the year were lower than the same period last year. ▪ The operations at all our factories have started in a phased manner during May and June w
Slide 7: Key Financial Highlights – Quarterly
Key Financial Highlights – Quarterly Revenue, EBITDA, PAT (Rs. Crore) Revenue EBITDA PAT 180 30.0 162.1 155.0 160 143.5 25.0 134.7 137.8 134.7 140 132.3 126.8 126.5 120 110.7 20.0 104.6 17.5 100.7 16.4 16.7 16.9 16.7 16.7 16.1 100 14.0 14.3 12.9 13.5 15.0 80 10.5 9.1 60 8.4 10.0 5.8 5.6 5.4 5.8 5.9
Slide 8: Q4 FY20 Financial Highlights
Q4 FY20 Financial Highlights Standalone Consolidated Rs. in Crore Q4 FY20 Q4 FY19 Y-o-Y % Q3 FY20 Q4 FY20 Net Revenue 132.3 155.0 (14.7%) 134.7 137.9 Raw Materials 95.2 117.6 96.3 97.6 Employee Cost 6.7 4.7 7.2 7.8 Other Expenses 16.1 15.9 14.5 18.0 Total Expenditure 118.0 138.2 118.0 123.4 EBITDA 1
Slide 9: Q4 FY20 Revenue Breakup – Business Verticals
Q4 FY20 Revenue Breakup – Business Verticals Q4 FY19 Q4 FY20 Industrial Switchgear, Industrial 46.5% Switchgear, 40.2% Wire & Cable, Energy 48.8% Management , Energy Management , 2.2% 4.1% Building Segment, 5.6% Wire & Cable, Building Segment, 45.7% 6.9% ▪ Industrial Switchgear – 46.5% of net revenu
Slide 10: Q4 FY20 Revenue Breakup – Geographical
Q4 FY20 Revenue Breakup – Geographical Q4 FY19 Q4 FY20 Middle East, Asia (Exclu. India), Middle East, 0.7% Asia (Exclu. India), 7.0% 3.9% 1.7% U.S, 1.6% U.S, 3.6% Europe, Europe, 2.4% 6.9% India, India, 81.9% 90.5% 10
Slide 11: FY20 Financial Highlights
FY20 Financial Highlights Rs. in Crore FY20 FY19 Y-o-Y % FY20 (Consl) Net Revenue 566.9 559.8 1.3% 584.4 Raw Material Expenses 419.8 418.8 427.7 Employee Expenses 26.4 24.9 29.8 Other Expenses 55.5 52.4 60.0 Total Expenditure 501.8 496.1 517.6 EBITDA 65.2 63.6 2.4% 66.8 EBITDA Margin (%) 11.50% 11.3
Slide 12: FY20 Revenue Breakup – Business Verticals
FY20 Revenue Breakup – Business Verticals FY19 FY20 Industrial Industrial Switchgear, Switchgear, 44.8% 41.4% Wire & Cable, Energy Energy 48.5% Management , Management , 2.6% 2.1% Wire & Cable, Building Segment, 47.0% Building Segment, 6.2% 7.6% ▪ Industrial Switchgear – 44.8% of total revenues, YoY
Slide 13: FY20 Revenue Breakup – Geographical
FY20 Revenue Breakup – Geographical FY19 FY20 Middle Asia (Exclu. Middle Asia (Exclu. India), East, 2.3% India), 5.8% East, 2.8% 5.5% U.S, 2.2% U.S, 3.1% Europe, 4.0% Europe, 5.6% India, India, 86.1% 82.8% 13
Slide 14: Balance Sheet as on 31st Mar’20
Balance Sheet as on 31st Mar’ 20 As on 31st As on 31st As on 31st As on 31st As on 31st As on 31st Rs. Crore Rs. Crore Mar’ 20 Mar’ 19 Mar’20* Mar’ 20 Mar’ 19 Mar’20* Shareholder’s Funds 309.4 287.2 310.0 Non-current assets 254.3 215.9 248.2 Share capital 16.0 16.0 16.0 Property, Plant & Equipment 2
Slide 15: Key Financial Highlights – Annual
Key Financial Highlights – Annual Revenue (Rs. Crore) EBITDA (Rs. Crore) / Margins (%) 559.8 566.9 70 13% 12.0% 60 442.8 11.5% 11.4% 11.5% 12% 385.0 50 40 11% 30 63.6 65.2 53.3 10% 20 44.1 9% 10 0 8% FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 Net Profit (Rs. Crore) Networth as on 31st March (Rs. Crore)
Slide 16: Company Overview
Salzer Electronics Company Limited Overview Investor Presentation FY17
Slide 17: Company Overview
Company Overview Leading player offering total and customized electrical solutions ▪ Presence in Industrial Switchgears, Wires & Cables and Energy management business ▪ Largest manufacturer of Cam Operated Rotary Switches – Market leader with 25% share Extensive Product portfolio across verticals wi
Slide 18: From a Single Product Company…
From a Single Product Company… ▪ Unit I (Coimbatore) – manufacture ▪ Leading player offering total and contactors, relays, panels, energy customized electrical solutions savers ▪ More than 15 different products ▪ Starting of long term association with ▪ 2,000 employees L&T ▪ 4 manufacturing units ▪
Slide 19: Professional Management
Professional Management R.Doraiswamy ▪ Qualified Electrical Engineer and Technocrat Entrepreneur with over 2 decades of experience Managing Director ▪ Vast Experience in Foreign Collaboration & wide global contacts D.Rajeshkumar ▪ Electrical Engineer, India; Post Graduate in Business Management, US
Slide 20: Business Overview
Business Overview
Slide 21: Business Overview
Business Overview Industrial Switch Gear Products Copper Products ▪ Transformers ▪ Wires & Cables ▪ Terminal Blocks ▪ Flexible Bus Bars ▪ Rotary Switches ▪ Enamelled Wires ▪ Isolators ▪ Bunched Conductors ▪ General Purpose relays ▪ Tinned Copper Wires ▪ Wiring Ducts ▪ MPCB’s ▪ Contactors & OLR’s ▪ C
Slide 22: Wide Product Suite- Customized for OEM’s
Wide Product Suite- Customized for OEM’s CT’s Terminal Socket Coils / Inductors Panels In-house manufacturing and R&D enables superior customization of products 22
Slide 23: Key Strengths
Key Strengths Wide Distribution Network Strong Customer Relationships ▪ Wide distribution network – international and domestic ▪ Strong customer relationships across globe ▪ Tie up with L&T – access to over 350 dealers Complete Backward Integration ▪ Preferred supplier to GE, Schneider and in India;
Slide 24: Five Manufacturing facilities...
Five Manufacturing facilities... UNIT I UNIT 2 UNIT 3 UNIT 4 UNIT 5 ▪ Rotary Switch ▪ Toroidal Transformers ▪ Wiring Accessories ▪ Wires & Cables ▪ Enamelled Copper ▪ Contactors & Relays ▪ Isolators (Dis-connectors) ▪ Flexible Bus Bars Wires ▪ Panel Assembly ▪ Terminals ▪ Bunched Conductors ▪ Fine E
Slide 25: ...With In-house process capabilities
...With In-house process capabilities... ▪ Full fledged Type testing laboratory ▪ In-house tool room facility for manufacturing and – Loads up to 500Amps servicing of Moulds and press tools – Environmental test chamber for humidity test – CNC Wire Cut Machines and Spark erosion machines – Salt spray
Slide 26: ...And a strong R&D team
...And a strong R&D team R&D expenses (Rs crore) ▪ In-house R&D Center 12.0 − More than 35 engineers − Recognized by Department of Science, Govt of India ▪ Patented Rotary switches 8.5 7.8 ▪ Five patents in process − Manual Single-Phase Starter with no voltage tripping, Energy Saver System for Stree
Slide 27: Internationally certified ... Across entire product portfolio
Internationally certified ISO 9001 ISO 14001 ISO 18001 CE Certification UL Certification CB certification RoHS Intertek Semko approval CSA Certification ... Across entire product portfolio 27
Slide 28: Blue Chip Customers
Blue Chip Customers ▪ Technical Tie-up with American Company ▪ Marketing Tie-up with L&T for Indian Market C3Controls, to manufacture & market contactors & overload relays ▪ Largest supplier of rotary switches to Indian ▪ Technical Tie-up with Trafomodern for Three Phase Railways Transformers ▪ Pref
Slide 29: Wide Distribution Network
Wide Distribution Network International Domestic ▪ Direct network across 50 countries Direct network ▪ Tie up with L&T – access to more than 350 ▪ 17% of sales from global distribution across 50 dealers in India ▪ 40 international distributors countries ▪ Direct network for Modular Switches – 50 ▪ P
Slide 30: Way Ahead
Way Ahead
Slide 31: Way Ahead
Way Ahead Operational Excellence ▪ Consistently executing business strategy and continued focus on improving operating costs by sourcing quality raw materials and efficient manpower Venture into new project/ product development ▪ Look for Technical alliances to develop newer and technically advanced
Slide 32: Thank You
Thank You SALZERELEC 517059 SZE IN SALZ.BO For further information, please contact: Company : Investor Relations Advisors : Salzer Electronics Ltd. Bridge Investor Relations Pvt. Ltd. Mr. Baskarasubramanian Ms. Savli Mangle baskarasubramanian@salzergroup.com savli@bridge-ir.com Mr. Smit Shah smit@br