Bharat Wire Ropes Ltd. · NSE:BHARATWIRE
Bharat Wire Ropes — Q3 FY2024 Earnings Presentation
21 slides from Bharat Wire Ropes's earnings presentation, Dec 22, 2023
Slide 1: Regulation 30 Earnings Presentation Cover Letter
Ref.: BWRL/2023-24/SE/Misc./38 Date: 22nd December, 2023 To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 051. Mumbai – 400 001. NSE Symbol: BHARATWIRE BSE Scrip Code: 539799 De
Slide 2: Earnings Presentation Q3/9M-FY24
E A R N I N G S P R E S E N T A T I O N | Q 3 / 9 M - F Y 2 4 1
Slide 3: Company Snapshot
Company Snapshot One of the largest manufacturer of Manufacturing capability of Steel Wires, Steel Wire Ropes in India Strands, Slings and Wire Ropes with over thousands of varieties Management with combined Integrated state-of-the-art wire rope plants experience of over three decades with a Total M
Slide 4: Company Overview
Company Overview
Slide 5: Company Overview
Company Overview • Bharat Wire Ropes Limited (“BWR”) was originally incorporated in the year 1986, and later in 2010, it Revenues (INR Mn) and EBITDA Margins (%) was acquired by Mr. M L Mittal, current promoter and managing director. The company is 27.86% headquartered in Mumbai, Maharashtra. 5,891
Slide 6: Exporting to 50+ countries across the Globe
Exporting to 50+ countries across the Globe Europe Finland Denmark Estonia Canada Poland UK Germany Ukraine Netherland Belgium Bulgaria North America Italy USA Turkey Azerbaijan Spain Nepal Kuwait Egypt Qatar Bangladesh Saudi UAE Asia Oman India Thailand Arabia Africa Singapore Uganda Indonesia Peru
Slide 7: Product Mix
Product Mix Wire Ropes Strands Slings Steel Wire 6-90 MM of various Mechanically Spliced, Hand High carbon steel wires Description Stay Wire, Structural ranging from 0.3mm to 5.5 construction like 6*19, Spliced, Spelter Sockets and 6*36, 8*19, 35*7 etc. Strands and Earth Wire mm upto 2,360 N/mm^2 Sw
Slide 8: Applications
Applications Oil & Gas Cranes Mining Offshore Marine Elevator Structural Ship Mooring Roof Structure Ropes Industrial Cranes Speed Arresters Transmission Tower Industrial Cranes Offshore Cranes Suspension Bridge Ropes Elevator Ropes Dragline Drag & Hoist Trawl Warps Mobile Lattice Boom Cranes 7
Slide 9: Strategic Overview
Strategic Overview Catering to a wider customer base on account of its diversified product offering 4 Industrial Promotion Subsidy equivalent to 100% of eligible Efforts been made to focus on productivity and occupy the investments as per SGST for a maximum of INR 4,350 Mn, of maximum number of mach
Slide 10: Financial Overview
Financial Overview
Slide 11: Key Financial & Operational Highlights
Key Financial & Operational Highlights Q4-FY21 Financial Q3-FY24 FinancialPerformance Performance Revenue from Operational Highlights: Operations EBITDA EBITDA Margins INR 1572 Mn • During Q3-FY24 the sales volume increased by 10% YoY INR 438 Mn 27.86% +8.9% YoY +19.3% YoY +243 Bps • EBITDA margin f
Slide 12: Key Operational Highlights – Q3-FY24
Key Operational Highlights – Q3-FY24 Volume (In MT) Operational Revenue (INR Mn) 10,237 9,301 1,572 1,443 Q3-FY23 Q3-FY24 Q3-FY23 Q3-FY24 EBITDA (INR Mn) & EBITDA Margin (%) PAT (INR Mn) & PAT Margins (%) 438 263 367 27.86% 189 25.43% 13.10% 16.73% Q3-FY23 Q3-FY24 Q3-FY23 Q3-FY24 11
Slide 13: Key Operational Highlights – 9M-FY24
Key Operational Highlights – 9M-FY24 Volume (In MT) Operational Revenue (INR Mn) 31,146 4,747 27,847 4,267 9M-FY23 9M-FY24 9M-FY23 9M-FY24 EBITDA (INR Mn) & EBITDA Margin (%) PAT (INR Mn) & PAT Margins (%) 1265 +36% 745 930 +61% 463 26.65% 21.80% 15.69% 10.85% 9M-FY23 9M-FY24 9M-FY23 9M-FY24 12
Slide 14: Quarterly Financial Performance
Quarterly Financial Performance Particulars (INR Mn) Q3-FY24 Q3-FY23 Y-o-Y Q2-FY24 Q-o-Q Revenue from Operations 1,572 1,443 8.9% 1,591 -1.2% Total Expenses 1,134 1,076 5.4% 1,175 -3.5% EBIDTA 438 367 19.3% 416 5.3% EBIDTA Margins (%) 27.86% 25.43% 243bps 26.15% 171bps Depreciation and amortisation
Slide 15: YTD Financial Performance
YTD Financial Performance Particulars (INR Mn) 9M-FY24 9M-FY23 Y-o-Y Revenue from Operations 4,747 4,267 11.2% Total Expenses 3,482 3,337 4.3% EBIDTA 1,265 930 36.0% EBIDTA Margins (%) 26.65% 21.80% 485bps Depreciation and amortisation expenses 158 154 2.6% Finance costs 111 160 -30.6% Other Income
Slide 16: Historical Income Statement
Historical Income Statement Particulars (INR Mn) 9M-FY24 FY23 FY22 FY21 Revenue from Operations 4,747 5,891 4,107 2,502 Total Expenses 3,482 4,503 3,486 2,177 EBIDTA 1,265 1,388 621 325 EBIDTA Margins (%) 26.65% 23.56% 15.12% 12.99% Depreciation and amortisation expenses 158 207 214 217 Finance cost
Slide 17: Historical Balance Sheet
Historical Balance Sheet Particulars (INR Mn) H1-FY24 FY23 FY22 Particulars (INR Mn) H1-FY24 FY23 FY22 Equity 6,108 5,602 4,517 Non-Current Assets 4,908 5,070 5,583 (a) Equity Share Capital 680 679 638 (a) Property, Plant and Equipment 4,740 4,809 4,915 (b) Other Equity 5,428 4,923 3,879 (b) Capital
Slide 18: Financial Highlights
Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) & EBITDA Margin (%) PAT (INR Mn) & PAT Margins (%) 745 5,891 622 4,747 1,388 1265 4,107 2,502 137 15.69% 621 23.56% 26.65% 10.56% 325 3.34% 15.12% 12.99% FY21 FY22 FY23 9M-FY24 -6.71% FY21 FY22 FY23 9M-FY24 FY21 FY22 FY23 9M-FY24 -168
Slide 19: Capital Market Data
Capital Market Data 280% Stock Price (Upto 31ST December, 2023) 230% BWR SENSEX 180% 130% 80% 30% -20% Jan-2023 Feb-2023 Mar-2023 Apr-2023 May-2023 Jun-2023 Jul-2023 Aug-2023 Sep-2023 Oct-2023 Nov-2023 Dec-2023 Price Data (As on 31ST December, 2023) INR Shareholding Pattern (As on 31ST December, 202
Slide 20: Disclaimer
Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the d
Slide 21: Thank You
Thank You