Ador Welding Limited · NSE:ADOR
Ador Welding — Investor Presentation (June 2023)
16 slides from Ador Welding's investor presentation, Jun 9, 2023
Slide 1: Investor Presentation 9th June 2023
INVESTOR PRESENTATION 9th June 2023 Creating The Best Welding Experience 1
Slide 2: Agenda
Agenda • Business Overview • Performance • Initiatives • Status of Merger Creating The Best Welding Experience 2
Slide 3: Disclaimer
Disclaimer • This Investor Presentation by Ador Welding Ltd. (“Ador / the Company”) is solely for informational purposes. This presentation does not constitute an offer or invitation, directly or indirectly, to purchase or subscribe for any securities of Ador. • The information contained herein has
Slide 4: Business Overview
Business Overview Q4 Sales Q4 PBT FY’23 PBT Rs. 235.5 Cr. 12.4% 10.2% • Highest sales in Q4 • Expansion of 465 bps from Q4-FY’22 • Expansion of 282 bps from FY’22 • Q-o-Q increase of 18% • Best ever quarterly performance • Strong demand • Resilient Economic Growth Creating the best welding experienc
Slide 5: Focus Areas
Focus Areas Capacity Enhancement Product Mix Pune Digitization New Markets Creating the best welding experience 5
Slide 6: Ador International
Ador International 22 18 12 • Exhibition participation 8 9 9 9 • Focus on Middle East, Americas & Africa 5 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY'22 FY'22 FY'22 FY'22 FY'23 FY'23 FY'23 FY'23 AI sales (Rs. Cr.) Creating the best welding experience 6
Slide 7: PBT & RoCE
PBT & RoCE 25 10.2 18 15 7.4 5.6 11 10 4.1 3.6 7 2.1 FY'18 FY'19 FY'20 FY'21 FY'22 FY'23 FY'18 FY'19 FY'20 FY'21 FY'22 FY'23 PBT Margins (%) RoCE (%) All numbers are w/o exceptional items Creating The Best Welding Experience 7
Slide 8: Working Capital & Borrowings
Working Capital & Borrowings 0.4 81 82 193 179 0.33 173 65 163 0.26 125 107 156 118 120 0.12 87 84 28 69 15 1 0.002 0.05 FY'18 FY'19 FY'20 FY'21 FY'22 FY'23 FY 18 FY 19 FY 20 FY 21 FY 22 FY'23 FY 18 FY 19 FY 20 FY 21 FY 22 FY'23 Working Capital (Rs. Cr.) – Bar Chart Borrowing (Rs. Cr.) Debt to Equit
Slide 9: Segment Performance - Consumables
Segment Performance - Consumables 17% 200 187 35 16% 16% 180 169 15% 15% 158 30 15% 160 148 142 30 140 128 14% 121 25 120 106 13% 13% 24 100 20 11% 12% 80 11% 18 19 18 11% 11% 15 60 16 10% 10% 40 13 10 11 9% 20 - 5 8% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY'22 FY'22 FY'22 FY'22 FY'23 FY'2
Slide 10: Segment Performance - Equipment
Segment Performance - Equipment 20% 18% 40 5.0 36 16% 35 4.5 4.0 14% 28 28 12% 12% 30 25 3.5 12% 25 24 23 22 3.0 10% 3.1 9% 8% 20 18 2.9 2.5 8% 6% 2.4 6% 2.0 15 2.2 6% 5% 1.5 10 1.7 4% 3% 1.5 1.0 5 1.0 2% 0.7 0.5 - - 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY'22 FY'22 FY'22 FY'22 FY'23 FY
Slide 11: Segment Performance - FPED
Segment Performance - FPED 20% 16 6.0 14% 15% 13% 14 14 13 5.0 10% 12 10% 12 4.0 5% 10 5% 1% 0% 10 3.0 8 0% 8 7 2.0 6 2.0 -5% 6 1.6 1.0 1.3 4 -10% 4 0.0 -13% 0.5 0.1 0.0 2 -1.0 -15% -18% -0.7 -0.8 - -2.0 -20% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY'22 FY'22 FY'22 FY'22 FY'23 FY'23 FY'23 F
Slide 12: ESG Initiatives - Environment
ESG Initiatives - Environment • Stopped use of thermocol at Ador since December-22. Expanded Polyethylene (EPE foam) used for packaging even by vendors • 29% reduction in plastic consumption at Chinchwad Plant • Wooden packing replaced with Honeycomb material to save trees • VCI paper introduced in
Slide 13: Status of Merger
Status of Merger Updates on Amalgamation of ADFL with AWL: • Our application has been admitted by NCLT and directed us to convene meeting of the Shareholders: • For AWL on 10th August, 2023 • For ADFL on 11th August, 2023 • Merger process is expected to be completed within FY’24 Creating the best we
Slide 14: Q&A
Q&A Creating The Best Welding Experience 14
Slide 15: Guidelines
Guidelines • Due to the time constraints, we would be limiting a maximum of 2 to 3 questions per participant. Please be quick & precise with your questions • Please avoid asking questions, already answered or covered in the presentation • Anyone interested in asking questions are requested to put th
Slide 16: Thank You
THANK YOU Creating The Best Welding Experience 16