Ramkrishna Forgings Ltd · NSE:RKFORGE
Ramkrishna Forgings — H1 FY23 Earnings Presentation
26 slides from Ramkrishna Forgings's earnings presentation, Oct 22, 2022
Slide 1: Stock exchange filing cover letter
F RAMERISHNA FORGINGS LIMITED Date: 22 October, 2022 To To The Listing Department The Listing Department BSE Limited National Stock Exchange of India Limited PJ] Towers “Exchange Plaza” C-1, Block G Dalal Street Bandra- Kurla Complex, Bandra (E) Mumbai - 400 001 Mumbai- 400051 BSE SCRIP CODE: 532527
Slide 2: Q2 & H1 FY23 Earnings Presentation
Q2 & H1 FY23 Earnings Presentation OCTOBER 2022
Slide 3: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 4: Strong growth backed by profitability (Standalone)
Strong growth backed by profitability (Standalone) (₹ in LAKHS) Revenue EBITDA* & EBITDA Margin PAT & PAT Margin 24.04% 22.08% 22.30% 8.66% 7.26% 8.39% +32% +22% +28% 76,255 17,006 6,394 65,075 13,918 14,370 57,894 5,011 4,726 Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 Revenue EB
Slide 5: Strong growth backed by profitability (Consolidated)
Strong growth backed by profitability (Consolidated) (₹ in LAKHS) Revenue EBITDA* & EBITDA Margin PAT & PAT Margin 22.64% 21.44% 21.27% 7.61% 7.35% 8.15% +42% +34% +53% 82,444 17,538 6,723 69,933 14,994 13,107 5,139 57,882 4,406 Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 Revenue
Slide 6: … backed by strong volume growth
… backed by strong volume growth Volume (tons) Realisation (Rs. Lac/ (ton) Total Revenue Breakup (Rs. Lakhs.) +14% +8% Particulars Q2FY23 Q2FY22 YoY Q1FY23 QoQ 30,496 32,180 28,279 Domestic Markets 43,626 28,820 51.4% 39,925 9.3% 1.86 1.92 20,531 1.76 Export Markets 32,109 28,674 12.0% 24,739 29.8%
Slide 7: … with improving return ratios
… with improving return ratios ROCE (%) NET DEBT TO EBITDA (X) ROE (%) 17.90% 4.66 4.65 18.87% 19.44% 14.73% 2.54 1.95 5.80% 4.58% 3.14% 1.10% FY20* FY21** FY22 H1FY23# FY20* FY21** FY22 H1FY23# FY20* FY21** FY22 H1FY23# Net Debt to Equity (x) Fixed Asset Turnover (x) 1.20 1.22 1.76 1.47 1.08 0.81 0
Slide 8: Strong Operating and Financial Performance
Strong Operating and Financial Performance (₹ in Crores) Installed Capacity Revenue +25% +105% 1,87,100 2,285 1,50,000 1,52,550 1,112 1,288 FY20 FY21 FY22 FY20 FY21 FY22 EBITDA* PAT +158% +1970% 527 207 204 230 28 10 FY20 FY21 FY22 FY20 FY21 FY22 *Excluding Other Income Note: Rounded off to the near
Slide 9: Manufacturing capacity and utilization trend
Manufacturing capacity and utilization trend Q2FY23 Q1FY23 Q4FY22 Q3FY22 Q2FY22 Q1FY22 Installed Particulars Capacity Production Utilisation Production Utilisation Production Utilisation Production Utilisation Production Utilisation Production Utilisation Capacity (MT) (%)* Capacity (MT) (%)* Capaci
Slide 10: Capital allocation - update
Capital allocation - update ₹ in LAKHS Particulars Mar’22 Sep’22 Long Term Debt 99,185 93,536 (incl. current Maturities of Long Term Debt) Short Term Debt 58,554 38,389 Total Debt 1,57,740 1,31,925 The Company expect to achieve a 01 revenue growth of 20% CAGR over a period of next 3 years The repaym
Slide 11: Journey over four decades
Journey over four decades 1981 2004 2006 2007 2013 Investment Commenced ring Received equity from UTI Venture rolling press line and debt funding Company with machining from IFC Incorporation Funds Launched IPO facilities Management Equity funding Company (Ascent from Wayzata for Capital Limited) au
Slide 12: Key Initiatives
KEY INITIATIVES
Slide 13: Improving Revenue Mix
IMPROVING REVENUE MIX 12 Q2 & H1FY23 Earnings Presentation
Slide 14: Diversified Revenues
Diversified Revenues H1 FY23 By Geography H1 FY23 By Segment By Industry FY22 H1 FY23 18% 25% 81.1% 81.6% Automobiles 14% 61% 82% 1.7% 2.5% Railways Asia Europe North America Auto Non-Auto 7.6% 6.5% FY22 FY22 19% Mining, Earth Moving, Farm & Gen. Engg 30% 0.9% 1.6% 56% Oil & Gas 14% 81% 8.7% 7.8% As
Slide 15: Key business updates
Key business updates Rail Road Update Railway Passenger coaches undercarriage items like Bogie frame & Bogie bolster with strong quality adding to robust performance and RKFL gets enlisted in the Preferred Category Farm Equipment Update Biggest Northern India based Tractor manufacture awarded a Prim
Slide 16: EV Presence
EV PRESENCE 15 Q2 & H1FY23 Earnings Presentation
Slide 17: EV programs running Globally
EV programs running Globally India / Asia Pacific 3 Customer ✓ 6 Programs ❑ 3 Programs North America Europe Europe 2 Customer ❑ 3 Programs North America India/ASIA Pacific 1 Customer ✓ 5 Programs ❑ 4 Programs ✓ Programs in Serial Productions ❑ Programs in Order book ❑ Swedish OEM awards business wor
Slide 18: Well positioned to capture future growth
Well positioned to capture future growth Installed Capacity 1,17,100 • We are adding the following Capacities - Enomoto 630T Press RA Shaft -Press line 46,000 6000 T Press line 24,000 Upsetter Ring Rolling Forgings Press • Will be ready by the above new Capacities by the Financial year 2023-24. With
Slide 19: ESG
ESG 18 Q2 & H1FY23 Earnings Presentation
Slide 20: Environmental
Environmental Environmental Consciousness | H1 2023 Highlights United Nations Sustainable Development Goals ENVIRONMENTAL Adopting Clean Energy Practices CONSCIOUSNESS Our commitment is to be powered by 50% green Elements of our work impact each of the SDGs, but we focus our efforts on those which h
Slide 21: Environmental: Keep your city clean case study
Environmental Environmental Consciousness | Case study The Challenge Case study: The soaring urban population and increasing consumption has led to rapid increase in waste across our cities in India. Segregation of waste into biodegradable and dry materials at the Keep your city clean source is crit
Slide 22: Social
Social Social | H1 2023 Highlights United Nations Sustainable Development Goals SOCIAL Rewarding workplace At RKFL, our approach to our Elements of our work impact each of the SDGs, but we focus our social pillar is three-pronged : 100% employees trained on ESG by 2023. efforts on those which have t
Slide 23: Robust Governance
Robust Governance Robust Governance| H1 2023 Highlights United Nations Sustainable Development Goals ROBUST GOVERNANCE Effective Corporate Governance Structure Elements of our work impact each of the SDGs, but we focus our ESG Working Committee to help integrate ESG across efforts on those which hav
Slide 24: Q2 & H1 FY23 Earnings Call
Q2 & H1 FY23 EARNINGS CALL SCHEDULED ON: THURSDAY, OCTOBER 27, 2022 AT 16:30 HOURS INDIA TIME PRE-REGISTRATION LINK CLICK HERE TO JOIN THE CALL 23 Q2 & H1FY23 Earnings Presentation
Slide 25: Safe Harbor
Safe Harbor THIS PRESENTATION (IS NOT AN OFFER TO SELL ANY SECURITIES OR A SOLICITATION TO BUY ANY SECURITIES OF RAMKRISHNA FORGINGS LIMITED (THE “COMPANY”) OR ITS SUBSIDIARIES (TOGETHER WITH THE COMPANY,THE “GROUP’) The material that follows is a Presentation of general background information about
Slide 26: Thank You
THANK YOU COMPANY : Ramkrishna Forgings Limited CIN: L74210WB1981PLC034281 Mr. Lalit Kumar Khetan Whole Time Director & CFO E: lalit.khetan@ramkrishnaforgings.com www.ramkrishnaforgings.com