Slide 1: Salzer Electronics Limited Result Update Presentation Q3 & 9M FY23
Salzer Electronics Limited Result Update Presentation Q3 & 9M FY23 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Salzer Electronics Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with an
Slide 3: Table of Content
Table of Content 01) Financial Highlights 02) Company Overview 03) Business Overview 04) Way Ahead
Slide 4: Financial Highlights
Financial Highlights 4
Slide 5: Joint Managing Director's Message
Joint Managing Director’s Message Commenting on this, Mr. Rajesh Doraiswamy, Joint Managing Director, Salzer Electronics Ltd said: “Our third quarter performance has been in line with our expectations. Despite, a tepid demand, we witnessed a good traction in our Industrial switchgear and Building pr
Slide 6: Key Standalone Financial Highlights – Quarterly
Key Standalone Financial Highlights – Quarterly Revenue, EBITDA (excluding other income), PAT (Rs. Crore) 300 Revenue EBITDA PAT 40.0 245.0 35.0 250 240.0 228.0 233.1 211.8 30.0 189.7 194.8 200 24.5 23.7 25.0 149.0 19.6 150 18.4 17.7 20.0 16.2 14.8 12.9 15.0 100 9.0 9.7 8.8 10.0 7.0 7.5 7.3 50 4.0 3
Slide 7: Q3 FY23 Standalone Financial Highlights
Q3 FY23 Standalone Financial Highlights Standalone Consolidated Rs. in Crore Q3 FY23 Q3 FY22 Y-o-Y % Q2 FY23 Q3 FY23* Net Revenue 239.95 211.83 13.27% 244.96 245.60 Raw Materials 183.82 167.62 189.93 185.68 Employee Cost 8.59 7.36 8.69 9.69 Other Expenses 23.79 19.17 21.86 25.32 Total Expenditure 21
Slide 8: Q3 FY23 Revenue Breakup – Business Verticals
Q3 FY23 Revenue Breakup – Business Verticals Q3 FY22 Q3 FY23 Industrial Switchgear, Industrial Switchgear, 49.6% 57.9% Wire & Cable, Building Segment, Wire & Cable, Building Segment, 43.6% 7.5% 34.6% 6.8% Industrial Switchgear – 57.86% of net revenues Wires & Cables – 34.60% of net revenues Bu
Slide 9: Q3 FY23 Revenue Breakup – Geographical
Q3 FY23 Revenue Breakup – Geographical Q3 FY22 Q3 FY23 Asia (Exclu. India), 7.9% Middle East, 0.9% Asia (Exclu. Middle East; 1.4% India), 13.4% North & South America, 5.4% North & South America, 6.8% Europe, 7.9%, Europe, 6.8% India, 71.7% India, 77.9% Contribution from Exports at 28.34% Export
Slide 10: 9M FY23 Standalone Financial Highlights
9M FY23 Standalone Financial Highlights Rs. in Crore 9M FY23 9M FY22 Y-o-Y % 9M FY23 (Consl)* Net Revenue 717.96 555.61 29.22% 734.36 Raw Material Expenses 561.71 436.24 566.79 Employee Expenses 25.25 20.80 28.59 Other Expenses 63.17 47.68 67.75 Total Expenditure 650.12 504.71 663.13 EBITDA (Excludi
Slide 11: 9M FY23 Revenue Breakup – Business Verticals
9M FY23 Revenue Breakup – Business Verticals 9M FY22 9M FY23 Industrial Industrial Switchgear, 54.7% Switchgear, 51.1% Building Building Segment, 6.2% Wire & Wire & Segment, 7.8% Cable, 42.7% Cable, 37.5% Industrial Switchgear – 54.7% of net revenues Wires & Cables – 37.5% of net revenues Buil
Slide 12: 9M FY23 Revenue Breakup – Geographical
9M FY23 Revenue Breakup – Geographical 9M FY22 9M FY23 Asia (Exclu. Middle East, Middle East, Asia (Exclu. India), 10.6% 1.1% 1.2% India), 10.9% North & South North & South America, 5.4% America, 5.8% Europe, Europe, 7.4% 7.1% India, 75.1% India, 75.5% Contribution from exports was 24.88% in 9M FY
Slide 13: Key Standalone Financial Highlights – Annual
Key Standalone Financial Highlights – Annual Revenue (Rs. Crore) EBITDA (Rs. Crore) / Margins (%) 70 12.0% 11.5% 10.2% 14% 11.4% 783.6 60 12% 605.6 50 8.1% 10% 559.8 566.9 442.8 40 8% 30 63.6 65.2 61.8 63.8 6% 53.3 20 4% 10 2% 0 0% FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Net Profit (Rs. Cr
Slide 14: Standalone Balance Sheet Highlights
Standalone Balance Sheet Highlights As on 30th Sept’ As on 31st Mar’ As on 30th Sept’ As on 30th Sept’ As on 31st Mar’ As on 30th Sept’ Rs. Crore Rs. Crore 22 22 22* 22 22 22* Shareholder’s Funds 366.78 351.47 358.38 Non-current assets 264.20 261.15 254.50 Share capital 15.98 15.98 15.98 Property, P
Slide 15: Company Overview
Company Overview 15
Slide 16: About Us
About Us Leading player offering total and customized electrical solutions Wide Distribution network – local and global Presence in Industrial Switchgears, Wires & Own distribution network – local and global – Cables and Energy management business export to 50 countries Largest manufacturer of
Slide 17: From a Single Product Company…
From a Single Product Company… Unit I (Coimbatore) – 2017-23 manufacture contactors, relays, panels, energy savers Leading player offering total and Started commercial production of customized electrical solutions Three Phase Dry Type Transformers Starting of long term association with L&T More than
Slide 18: Professional Management
Professional Management R. Doraiswamy M Laksminarayana Managing Director VP - Operations Qualified Electrical Engineer and Technocrat Entrepreneur with over 4 decades B.E (Electrical) with over 2 decades of experience of experience Responsible for Production, Planning, Inventory Management, Maintena
Slide 19: Business Overview
Business Overview 19
Slide 20: Business Overview
Business Overview Industrial Switch Gear Products Copper Products Transformers Wires & Cables Terminal Blocks Flexible Bus Bars Rotary Switches Enamelled Wires Isolators Bunched Conductors General Purpose relays Tinned Copper Wires Wiring Ducts MPCB’s Contactors & OLR’s C
Slide 21: Wide Product Suite- Customized for OEM's
Wide Product Suite- Customized for OEM’s CT’s Terminal Sockets Coils / Inductors Panels In-house manufacturing and R&D enables superior customization of products 21
Slide 22: Key Strengths
Key Strengths In-house manufacturing facilities with process capabilities ensures better product development and customization Well developed R&D enables continual product innovation Complete Wide distribution network – international and Backward domestic Integration Tie up with L&T – access to over
Slide 23: Five Manufacturing facilities...
Five Manufacturing facilities... UNIT I UNIT 2 UNIT 3 UNIT 4 UNIT 5 Rotary Switch Toroidal Transformers Wiring Accessories Wires & Cables Enamelled Copper Wires Contactors & Relays Isolators (Dis-connectors) Flexible Bus Bars Fine Enamelled Copper Wires Panel Assembly Terminals Bunched Conductors Po
Slide 24: ...With In-house process capabilities...
...With In-house process capabilities... Full fledged Type testing laboratory In-house tool room facility for manufacturing and servicing of Moulds and – Loads up to 500Amps press tools – Environmental test chamber for humidity test – CNC Wire Cut Machines and Spark erosion machines – Salt spray
Slide 25: ...And a strong R&D team
...And a strong R&D team In-house R&D Center R&D expenses (Rs crore) − More than 35 engineers − Recognized by Department of Science, Govt of India 12.00 Patented Rotary switches 10.37 9.07 Six patents in process 8.50 7.75 − Manual Single-Phase Starter with no voltage tripping, Energy Saver Sys
Slide 26: Internationally certified
Internationally certified ISO 9001 ISO 14001 CE Certification ISO 18001 UL Certification CB certification RoHS Intertek Semko approval CSA Certification ... Across entire product portfolio 26
Slide 27: Blue Chip Customers
Blue Chip Customers Marketing Tie-up with L&T for Indian Market Largest supplier of rotary switches to Indian Railways Branding partner to various large OEM’s in India Technical Tie-up with American Company C3Controls, to manufacture & market contactors & overload relays Technical Tie-up w
Slide 28: Wide Distribution Network
Wide Distribution Network Direct network across 50 countries International Direct network across 50 countries 23% of sales from exports (FY22) 40 international distributors Plans to expand in US, Africa and Middle east Domestic Tie up with L&T – access to more than 350 dealers in India D
Slide 29: Way Ahead
Way Ahead 29
Slide 30: Way Ahead
Way Ahead Operational Excellence Focus on margin improvement Consistently executing business strategy and continued Increase sales of high margin products – existing focus on improving operating costs by sourcing quality and new raw materials and efficient manpower 01 Increase exports – fast growing
Slide 31: ESG Initiatives
ESG Initiatives Committed towards a cleaner, greener and healthier environment Optimise energy consumption Towards this end Company has identified installation of rooftop solar panels Plan to recycle water as per environmentally friendly Environment M./s JDS Associates for statutory audit, M/s. norm
Slide 32: Thank You
Thank You For further information, please contact: Salzer Electronics Ltd. Mr. Baskarasubramanian baskarasubramanian@salzergroup.com www.salzergroup.net Adfactorspr Pvt. Ltd. Ms. Savli Mangle savli.mangle@Adfactorspr.com Mr. Rupesh Rege Rupesh.rege@Adfactorspr.com www.adfactorspr.com 32