Kabra Extrusiontechnik Ltd. · NSE:KABRAEXTRU
Kabra Extrusiontechnik — Q3 FY24 Earnings Presentation
32 slides from Kabra Extrusiontechnik's earnings presentation, Jan 25, 2024
Slide 1: Exchange filing cover letter
KET/SEC/SE/2023-24/63 January 25, 2024 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 Sub: Investor Presentati
Slide 2: Kabra ExtrusionTechnik Ltd Investor Presentation January 2024
Kabra ExtrusionTechnik Ltd Investor Presentation | January 2024
Slide 3: Table of Content
Financial Highlights 3 Table of Content Company Snapshot 10 Battrixx Business 12 Extrusion Machinery Business 22 Annexures 25
Slide 4: Financial Highlights
Financial Highlights NN Ww NS . Swe SX
Slide 5: Consolidated Nine Months Highlights
Consolidated Nine Months Highlights (in ₹ Mn) (in ₹ Mn) OPERATING REVENUE GROSS PROFIT & GROSS MARGINS (%) o Operating revenues stood at 26.5 27.8 ₹ 4,399 Mn in 9M FY24 1,800 35.0 1,700 5,000 1,600 1,500 15.0 1,400 o EBITDA stood at ₹ 327 Mn 1,300 4,000 1,200 -5.0 1,100 1,000 3,000 900 during 9M FY2
Slide 6: Nine Months Operational Highlights
Nine Months Operational Highlights (in ₹ Mn) EXTRUSION REVENUES o Extrusion Machinery segment 3.1% revenues grew by 3.1% YoY at 2,500 2,000 ₹ 2,226 Mn in 9M FY24 1,500 1,000 o Battrixx revenues degrew by 500 2,159 2,226 20.2% YoY to ₹ 2,225 Mn in - 9MFY23 9MFY24 9M FY24 BATTRIXX REVENUES (in ₹ Mn) o
Slide 7: Consolidated Profit & Loss Statement: Q3 & 9MFY24
Consolidated Profit & Loss Statement: Q3 & 9MFY24 (in ₹ Mn) Particulars Q3FY24 Q3FY23 YoY Q2FY24 QoQ 9MFY24 9MFY23 YoY FY23 Revenues 1,239 2,068 (40.1%) 1,824 (32.1%) 4,399 4,920 (10.6%) 6,700 Cost of Goods Sold 854 1,531 (44.2%) 1,394 (38.7%) 3,178 3,617 (12.1%) 4,862 Gross Profit 384 537 (28.5%) 4
Slide 8: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement (in ₹ Mn) Particulars FY19 FY20 FY21 FY22 FY23 H1 FY24 ASSETS Non-current Assets 1,664 1,738 1,966 2,028 2,098 2,359 Current Assets 1,762 1,955 2,025 3,657 4,250 4,905 TOTAL ASSETS 3,426 3,694 3,991 5,685 6,348 7,264 EQUITY AND LIABILITIES Equity 2,461 2,322 2,78
Slide 9: Consolidated Financial Highlights
Consolidated Financial Highlights (in ₹ Mn) (in ₹ Mn) OPERATING REVENUE GROSS PROFIT & GROSS MARGINS (in %) 6,700 o Operating revenues 4,059 2,000 1,800 39.0 38.8 36.1 32.6 27.4 30.0 grew by 28.6% CAGR 1,600 10.0 2,762 1,400 2,451 2,202 1,200 -10.0 1,000 -30.0 during FY19-23 800 -50.0 600 400 956 85
Slide 10: Key Financial Ratios
Key Financial Ratios (in ₹ Mn) (in ₹ Mn) NETWORTH & ROCE CASH & CASH EQUIVALENTS & ROE 13.9 13.1 11.9 9.8 11.2 9.9 4,000 15 650 9.2 11 8.8 3,500 10 550 3,000 3.0 450 9 5 2,500 7 2,000 0 350 3.2 5 o Continues to fuel 1,500 250 -5 3 1,000 150 1 -10 2,461 2,322 2,781 3,289 3,835 27 84 322 583 expansion
Slide 11: Company Snapshot
Company Snapshot
Slide 12: Company Snapshot
Company Snapshot Extrusion Machinery Business Battrixx Particulars (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 energy storage Business Overview •
Slide 13: Battrixx Business
Battrixx Business
Slide 14: Our Journey so Far
Our Journey so Far 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 1 2 3 4 5 6 Acquired Licence Design Invested in advanced Added capabilities & Manufacturing manufacturing and
Slide 15: Battrixx – Where We Aspire for Leadership
Battrixx – Where We Aspire for Leadership Largest chemistry agnostic battery pack manufacturer Culture of continuous innovation through strong R&D capabilities Real time data feedback loops Capability to manufacture safe, optimum and regulatory compliant battery packs Enjoys long term co-development
Slide 16: EV Segments
Largest Chemistry Agnostic Battery Pack Manufacturer 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 Battery Value Cha
Slide 17: Goals
Building an Ecosystem for Continuous Innovation R&D Access Areas worked upon Inhouse Engineering & Design Team Future Chemistries Acqui-hired Team from Varos Technologies Electronics & Data Analytics Absorb Technology & Customize it for Local Access to Global Universities Conditions Foreign Collabor
Slide 18: Investing in R&D for Sustainable Growth
Investing in R&D for Sustainable Growth 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 management &
Slide 19: Harnessing Data for Continuous Improvement
Harnessing Data for Continuous Improvement 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 1 Battrixx designed products as 5 compared to less than 40% a Insights/Learnings Use of ba
Slide 20: Safe & Custom-made Optimized Battery Packs
Safe & Custom-made Optimized Battery Packs Safety and Performance Optimization are integrated at every level of battery design Cell Cell level protection to mitigate thermal Level runways (avoiding fire incidents) Advanced weld technology which provides Module high strength, tensile force and least
Slide 21: Enduring & Growing Partnerships with OEMs
Enduring & Growing Partnerships with OEMs 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 R&D team proposes
Slide 22: First EV Battery Pack Manufacturer Accredited with ARAI Certification
First EV Battery Pack Manufacturer Accredited with ARAI Certification • Battrixx was the first EV battery-pack manufacturer to be accredited with ARAI certification under AIS 156 Amendment III Phase 2 for its batteries, conceptualized and designed in-house strategically with Hero Electric’s R&D team
Slide 23: Extrusion Machinery Business
Extrusion Machinery Business
Slide 24: Extrusion Machinery Business: Pillars of Strength
Extrusion Machinery Business Pillars of Strength Strong Parentage 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% mark
Slide 25: Right to Win Quotient
Right to Win Quotient Customer Centric Approach R&D’s: Drip Line Success Story Continual Improvement towards Diverse Areas Low Ownership Cost Manufacturing Diverse Product Portfolio Application development Design Enhanced Productivity & Reliability Control and Automation Optimal Power Consumption Re
Slide 26: Annexures
Annexures TA eT TSS
Slide 27: EV: Industry Dynamics
EV: Industry Dynamics EV Sales growth in India FY19-23 Annual Lithium-ion battery capacity additions (in ‘000s units) for auto industry in india (GWh) 104.4 1186 73.5 53.5 446 38.8 28.4 21.9 147 173 141 6.1 9.7 1.5 2.3 3.5 FY19 FY20 FY21 FY22 FY23 Until FY21 FY22F FY23F FY24F FY25F FY26F FY27F FY28F
Slide 28: EVs and Component Manufacturing: Policy Support
EVs and Component Manufacturing: Policy Support Steps taken by the government to localize EV and component manufacturing Fame II: Target vs: Actuals (FY21) (in units) 2015 Launched FAME I scheme with an initial outlay of INR100 crores to achieve fuel security and sustainable environment through EVs.
Slide 29: Battery Value Chain: Strategic Focus
Battery Value Chain: Strategic Focus Component Cell Modules Pack Vehicle Reuse & Use production production production assembly integration recycling Manufacture of Production and Configuration of Installation of Integration of Use during Battery reuse; anode and assembly of cells into larger modules
Slide 30: Evolving Cell Chemistries
Evolving Cell Chemistries 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 in anode
Slide 31: Safe Harbour Statement
Safe Harbour Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by Kabra Extrusiontechnik Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscrib
Slide 32: THANK YOU
Daulat Jain Chief Financial Officer daulat.jain@kolsitegroup.com T: +91 22 2673 4822 CORPORATE OFFICE Fortune Terraces, 10th Floor, B Wing, Opp. Citi Mall, Link Road, Andheri (West), Mumbai - 400 053, Maharashtra, India. T: +91 22 2673 4822 THANK F: +91 22 2673 5041 www.kolsite.com YOU www.battrixx.
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