Slide 1: Exchange intimation letter for investor presentation
Date: 5th February, 2025 The Manager The Manager National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Dalal Street Plot No. C-1, Block-G Mumbai- 400 001 Bandra Kurla Complex, Bandra (E) Scrip Code- 538562 Mumbai- 400 051 Symbol- SKIPPER Subject:
Slide 2: Seizing the Multi Decadal Opportunity – Investor Presentation
SEIZING THE MULTI DECADAL OPPORTUNITY Positioned to Power Growth in the Global Transmission sector INVESTOR PRESENTATION February 2025
Slide 3: Table of Contents
Table of Contents 1. Q3 FY ’25 Performance Highlights 2. Growth Strategies 3. Company overview ` 4. Key Strengths 5. Industry Overview 6. ESG, Awards & Recognition
Slide 4: Performance & Financial Highlights – Q3 & 9M'25
Performance & Financial Highlights – Q3 & 9M’25
Slide 5: Director Speaks
Director Speaks “ I am pleased to share that our company continues to deliver strong and consistent performance, maintaining its trajectory of order book expansion, revenue growth and profitability improvements over multiple quarters. We achieved our highest-ever third quarter revenue of ₹11,352 mil
Slide 6: Business Update – Q3 FY'25
Business Update– Q3 FY’25 Revenue Performance Highlights Company registered its best ever third quarter revenue of Rs 11,352 million on back of strong execution in Engineering business segments, achieved growth of 42% over previous year quarter The engineering business achieved its highest ever reve
Slide 7: Business Update – 9M FY'25
Business Update– 9M FY’25 Revenue Performance Highlights Achieved its best ever nine month revenue performance; Revenue of 9M Fy’25 increased to Rs 33,367 million against Rs 21,285 million in 9M FY’24, registering a stupendous growth of 57 % Engineering business segment achieved Revenue of Rs 25,809
Slide 8: Other Major Update
Other Major Update Implementation of SAP S4 HANA RISE The company is in advanced process of implementing SAP S4 HANA RISE, an advanced enterprise resource planning (ERP) solution. This implementation will empower the business to streamline operations, enhance efficiency, and gain real time insights
Slide 9: Consolidated Financial Performance Q3 FY'25
Consolidated Financial Performance Q3 FY’25 Rs in Mn YoY QoQ Sl Profit & Loss Summary Q3 FY’25 Q3 FY’24 Change % Q2 FY’25 Change % 1 Revenues 11,352.47 8,015.81 41.6% 11,097.37 2.3% 2 Reported EBITDA 1,109.07 770.68 43.9% 1,124.35 -1.4% EBITDA Margins (%) 9.77% 9.61% +16 Bps 10.13% -36 Bps 3 (+) Oth
Slide 10: Consolidated Financial Performance 9M FY'25
Consolidated Financial Performance 9M FY’25 Rs in Mn YoY Sl Profit & Loss Summary 9M FY’25 9M FY’24 Change % 1 Revenues 33,367.28 21,285.35 56.8% 2 Reported EBITDA 3,280.07 2,108.97 55.5% EBITDA Margins (%) 9.83% 9.91% - 8 Bps 3 (+) Other Income 104.54 55.91 4 (-) Depreciation 460.76 388.49 5 (-) Fi
Slide 11: Segment Report
Segment Report Segment Profit & Loşs Summary Q3 FY'25 Q3 FY'24 Change % 9M FY25 9M FY'24 Change % Net Sales 9,066.78 5,176.58 75.15% 25,809.33 15,300.68 68.68% Engg Products EBITDA 990.60 611.80 61.92% 2,867.80 1,785.11 60.65% Polymer % of Sales 10.93% 11.82% 11.11% 11.67% 8.78% Net şales 935.31 1,0
Slide 12: Key Performance Highlights
Key Performance highlights Rs in Million Stand Alone - Revenue EBITDA & Margin PAT & Margin Rs in Mn + 42 % + 44 % + 76 % 11,097 11,352 8,016 Q3 FY'24 Q2 FY '25 Q3 FY '25 9M’25 Vs 9M’24 + 80% + 57% + 56 % 33,367 21,285 9M FY'24 9M FY'25 Investor Presentation | May 2023 11
Slide 13: Order Book Highlights
Order Book Highlights Geographical Breakup 63,540.84 37,432.82 13,182.00 Orderbook as of Dec Order Inflows in 9MFY25 New Orders in Q3 FY25 2024 (Rs mn) (Rs mn) (Rs mn) Export Domestic 10.80% 89.20% Share of non-T&D Domestic contracts International products, including from PGCIL and contracts a
Slide 14: Order Inflow Trend
Order Inflow Trend 9M FY25 Total Inflow – Rs 37,432.82 mn Achieved highest ever order Trail 12M Total Inflow – Rs 48,837.90 mn inflow for any quarter 28,638.99 FY’24 - Secured highest ever annual order inflow of Rs 42,855.75 mn Rs mn 16,598.72 15,286.21 13182.00 12,148.21 11,405.08 7,652.10 4,533.70
Slide 15: Key Strategies
Key Strategies
Slide 16: Inflection Point with Growth Ahead
Inflection Point with Growth Ahead Well-positioned to capture long-term industry tailwinds and to be a proxy play on China +1 theme for export markets Focus on strengthening EHV Market share through capacity expansion and focus on R&D initiatives Skipper is well positioned to seize the multi - decad
Slide 17: Company Overview
Company Overview
Slide 18: Skipper at a Glance
Skipper at a Glance Multi-sectoral expertise 43+ India’s largest Amongst top 10 globally FY24 Revenue Mix manufacturer of in manufacturing of T&D 13.79% Engineering integrated T&D structures structures Infrastructure Years of Operations (based on FY24 capacity) (based on FY24 capacity) 67.98% 18.23%
Slide 19: Our Journey – a legacy of 4+ decades
Our Journey – a legacy of 4+ decades - Commissioned one of India’s largest Tower & Monopole Load Testing Station - Set up DSIR approved R&D Centre 2020 2024 - Commissioned our first Transmission line EPC - Secured 9 projects from project 400 KV Panchkula Patiala for PGCIL PGCIL, including 8 key - Di
Slide 20: Key Management
Key Management Whole Time Directors Sajan Kumar Bansal Sharan Bansal Devesh Bansal Siddharth Bansal Yash Pall Jain Chairman and Managing Director Director Director Director Director Independent Directors Mr. Ashok Bhandari Mrs. Mamta Binani Mr. Raj Kumar Patodi Mr. Pramod Shah Mr. Desh Raj Dogra Ind
Slide 21: Key Strengths
Key Strengths
Slide 22: Investment Highlights
Investment Highlights • India’s largest (top 10 globally) integrated T&D tower structures manufacturer • Experienced Promoter with 4 decades of expertise in the manufacturing business Market Leadership • One of the largest manufacturers of T&D structures with tower testing facilities to serve their
Slide 23: Diverse Product Portfolio (1/2)
Diverse Product Portfolio (1/2) We manufacture a range of Power Transmission structures, Telecom Towers, and Railway Electrification Infrastructure Engineering Infrastructure Power Transmission Railway Structures Power Distribution MS & High Tensile Tower EPC Telecom EPC Tower Poles Angles Monopoles
Slide 24: Diverse Product Portfolio (2/2)
Diverse Product Portfolio (2/2) Leading manufacturer of Polymer pipes and fittings, catering to both plumbing and agricultural sectors with expanding reach and strengthening market share. Polymer One of the largest manufacturer of Leveraging Economies of Scale in polymer pipes and fittings produ
Slide 25: Core Competencies in Manufacturing
Core Competencies in Manufacturing Integrate manufacturing facilities with advanced technology In-House Availability of Automated State-of-the-Art Products, Accessories, and Equipment Technical Services Value Optimization through Engineering and Design Single location plant leading Excellenc
Slide 26: Manufacturing Value Chain
Manufacturing Value Chain Our Value Chain Scale & Size Steel Billets & blooms as Wire Rod as Input input Strategic location Manufacture MS & HT Manufacture Bolts & Manufacture D-shackles & Angles Nuts Hangars Backward integration Competitive Advantage Fabricate & Galvanize Complete EPC Line Construc
Slide 27: Powering growth through R&D
Powering growth through R&D Leading through innovation • We have strengthened our innovation capabilities backed by our Tested towers & monopoles talented designing and R&D teams. • In-house research & development Centre - Howrah, West Bengal 765 kV D/C 500 kV D/C 220 kV Tower Tower D/C Tower • DSIR
Slide 28: Strong Global Presence
Strong Global presence Exporting to 19.37% 50+ countries FY24 Export contribution to Revenue 26.14% 6,860.63 mn FY22-FY24 Export Revenue Share of Exports in 9M FY25 Africa South America Middle East South and SE Asia CAGR Orderbook (Rs mn) 18 9 7 9 North America Oceania Europe 3 2 6 We are focused on
Slide 29: Industry Overview
Industry Overview
Slide 30: Power T&D Lines a Multi Decadal Opportunity
Power T&D Lines a Multi Decadal Opportunity Addition of 7.4 mn of transmission lines Global grid investment to nearly double in Asia pacific and North America continue to hold globally till CY50 next 5 years lion’s share with 70% of total investments Region wise split of CY24-29 investment (USD 3,05
Slide 31: Power T&D super-cycle underway in India
Power T&D super-cycle underway in India The GOI (combined NEP + State) to add 1.15 lakh ckm of lines in the period FY22-27 and 0.77 lakh ckm of Rs 9.2 tn lines during FY27-32 NEP Capex outlay during Additionally, 33 GW of HVDC Bipole links are in the process of planning FY22–32 on High Voltage
Slide 32: Importance of New Transmission Lines for Renewables
Importance of New Transmission lines for Renewables New transmission lines are a crucial part of our renewable energy future – They ensure reliable, efficient and widespread renewable power supply Resource Location Energy Reliability Grid Integration Capacity Expansion Many renewable sources are i
Slide 33: Strong tailwinds in Telecom and Railway sector
Strong tailwinds in Telecom and Railway sector Telecom sector in India - 2nd largest Telecom market in the world Growth Drivers for Telecom sector 2nd largest Telecom market in the world with a subscriber base of ~1.18 bn Internet penetration up 75% as of CY24 (CY20 -54%) , to reach 86% by CY28
Slide 34: Polymer sector outlook
Polymer sector outlook In India’ CPVC pipes market grow > 2x by CY29rivers Key Growth Drivers Drivers Government Infrastructure Initiatives 799 • Jal Jeevan Mission to provide tap water connections to all rural households by 2024 251 • AMRUT for sustainable urban development 480 • Housing for All
Slide 35: ESG, Awards & Recognition
ESG, Awards & Recognition iG -e
Slide 36: Environmental, Social and Governance (ESG)
Environmental, Social and Governance (ESG) Installed 90 KLD capacity STP to promote water conservation and explore opportunities for reusing of treated sewage water. Specially designed engineered bacteria have been used for treatment of generated sewage Encapsulated GI process with integrated AP
Slide 37: Social and Environment Initiatives (1/2)
Social and Environment Initiatives (1/2) Skipper cares Our company's journey towards contributing to society began long ago, and we have always believed that it's an integral part of our ecosystem. To ensure that our efforts are focused and effective, we have developed a CSR Framework in line with S
Slide 38: Social and Environment Initiatives (2/2)
Social and Environment Initiatives (2/2) Investor Presentation | Feb 2025 37
Slide 39: Skipper Pipes – 100% Lead Free Campaign
Skipper Pipes – 100% Lead Free Campaign • Awarded the Green Pro Certification by CII-IGBC (Indian Green Building Council). Skipper Pipes have been certified with highest standard of NSF 14. Investor Presentation | Feb 2025 38
Slide 40: Recognition
Recognition Recognized Great place to work 3 years consecutively AWARD: THE LARGEST TOWER SUPPLIER AWARD: AWARD: AWARD: FOR 3rd CONSECUTIVE YEAR EMERGING POWER EPC GLOBAL HR EXCELLENCE NO. 1 EMERGING BRAND GIVEN BY: PLAYER GIVEN BY: EPC GIVEN BY: IN POLYMER PIPES & POWER GRID CORPORATION WORLD WORLD
Slide 41: Disclaimer
DISCLAIMER This presentation (“Presentation”) does not constitute a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement, an offer document or an offering memorandum, under the Companies Act, 2013, the Securities and Exchange Board of India (Issue of Capital and Di