Welspun Corp Limited · NSE:WELCORP
Welspun — Q3 FY2017 Earnings Presentation
11 slides from Welspun's earnings presentation, February 2017
Slide 1: World's Leading Line Pipe Manufacturer
Welspun Corp Ltd (WCL) World’s Leading Line Pipe Manufacturer Investor Presentation Q3FY17
Slide 2: Safe Harbour
SAFE HARBOUR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Welspun Corp Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securit
Slide 3: Performance Highlights Q3FY17
PERFORMANCE HIGHLIGHTS Q3FY17 135 Cr 135 Cr 135 Cr Rs. 12,028 mn 28% YoY 163** KMT 14% YoY Rs. 1,705 mn 32% YoY Operating Profit Operating Profit Operating Profit Income from Operations Pipe sales volume** Reported EBIDTA 135 Cr 135 Rs. 990Cr Rs. 1,224 mn 135 mn Rs. 40% YoY Cr 12,125 mn 25% YoY vs.
Slide 4: Q3FY17 Operating Performance
Q3FY17 OPERATING PERFORMANCE Pipe production EBITDA*/Ton for Pipes (KMT) (Rs. ‘000) 10.9 6.9 195 202 Q3FY16 Q3FY17 Q3FY16 Q3FY17 Pipe sales Plate/ Coils production (KMT) (KMT) 189 163 44 29 Q3FY16 Q3FY17 Q3FY16 Q3FY17 Note: * Operating EBITDA represents Reported EBITDA (-) Other Income (+) Unrealize
Slide 5: Diversified Business Across Regions & Products
DIVERSIFIED BUSINESS ACROSS REGIONS & PRODUCTS 9M FY17 Pipe Sales Volume : 596 KMT (including Saudi Arabia operations) 5% 16% 31% 20% 64% 64% LSAW HSAW ERW India US Saudi Arabia Sales by Type Sales by Plant Note: All numbers on this page includes all JV operations – Saudi Arabia and CWC 5
Slide 6: Healthy Balance Sheet to Support Growth
HEALTHY BALANCE SHEET TO SUPPORT GROWTH Rs mn Q3FY17 IND AS I-GAAP Gross Debt 22,619 29,312 Cash & Equivalent 10,494 12,757 Net Debt 12,125 16,555 Current Ratio 1.46x 1.55x Net Debt/ Reported EBITDA 1.89x 2.91x Gross debt (including all Net Debt/ Equity 0.43x 0.55x operations) as on 31 December 20
Slide 7: Net Working Capital Under Control
NET WORKING CAPITAL UNDER CONTROL I-GAAP Basis Inventory Debtors 49 39 69 Creditors Days Days Days 132 Overall increase in NWC 104 days is due to lower 61 revenue base 55 53 29 Current assets have gone up due to build-up of inventory for Q4 as 68 well as back-ended 94 116 sales in Q3 Q3FY16 Q2FY
Slide 8: Orderbook Analysis (including Saudi Arabia operations)
ORDERBOOK ANALYSIS (including Saudi Arabia operations) Order book by Region Order book by Type (KMT) (KMT) 1,028 1,028 883 883 797 797 263 429 100 85 608 517 426 560 410 561 357 178 186 301 206 38 94 97 Q3FY16 Q2FY17 Q3FY17 Q3FY16 Q2FY17 Q3FY17 India & A-Pac Americas EU & MENA LSAW HSAW ERW Note: Al
Slide 9: Reported & Operating EBITDA Reconciliation
REPORTED & OPERATING EBITDA RECONCILIATION Details (Rs. mn) Q3FY16 Q3FY17 Reported EBITDA 2,491 1,705 Less : Other Income 429 280 Less : Unrealized FX (Loss)/Profit 19 200 Operating EBITDA 2,042 1,224 9
Slide 10: Profit & Loss – Quarterly
PROFIT & LOSS – QUARTERLY Rs mn Q3FY16 Q3FY17 Income from operations 16,741 12,028 Reported EBIDTA 2,491 1,705 Operating EBITDA* 2,042 1,224 Depreciation/Amortization 946 1,030 Finance Cost 575 567 Profit Before Tax 970 108 Tax 257 (33) PAT before minority interest, Associates & JVs 713 141 Minority
Slide 11: Thank You
THANK YOU Welspun Corp Limited CIN: L27100GJ1995PLC025609 Mr. Deepak Khetan ir_wcl@welspun.com +91-2266136584 Mr. Harish Venkateswaran harish_venkateswaran@welspun.com www.welspuncorp.com