Slide 1: Cover letter to NSE: Investors Presentation
WAS Fx ENGINEERING LTD. Unit-1 : CAST PRODUCTS PLANT, 31, Sector 'C' Industrial Area, Sanwer Road, Indore-452 015 (M.P.) Phone : +91-731-2720143, 6732700 02.07.2020 The Manager Listing Department National Stock Exchange of India Limited Bandra Kurla Complex, Bandra (East) Mumbai — 400 051 Dear Sir/
Slide 2: Jash Engineering Investor Presentation July 2020
When every drop counts… JASH ENGINEERING LTD. Contributing to a sustainable environment worldwide… Investor Presentation July 2020 Mahr Maschinenbau
Slide 3: Disclaimer
DISCLAIMER This presentation and the accompanying slides (the “Presentation”), which have been prepared by Jash Engineering 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 secur
Slide 4: What's Inside
WHAT’S INSIDE FY20 Highlights Effect of Covid-19 on Company Operations Company Overview Financial Performance Investment Rationale Mahr Maschinenbau
Slide 5: FY20 Highlights
FY20 HIGHLIGHTS 4
Slide 6: Management Commentary
Management Commentary Mr. Pratik Patel Managing Director “We are pleased to announce strong performance in this fiscal with consolidated revenue growth of 12.2% and EBITDA growth of 55%. Our US subsidiary Rodney Hunt’s operations are improving and losses at US operations are down to USD 0.48 million
Slide 7: Financial Performance – FY20
FINANCIAL PERFORMANCE – FY20 Sales (₹ Cr) EBITDA (₹ Cr) PAT (₹ Cr) 285.6 45.9 20.1 29.6 254.7 7.7 FY19 FY20 FY19 FY20 FY19 FY20 • Revenue for FY20 at ₹285.6 crore, up by 12.2% YoY from ₹254.7 crore in FY19 • EBITDA for FY20 at ₹45.9 crore, up by 55.3% YoY from ₹29.6 crore in FY19 • EBITDA margin for
Slide 8: Financial Performance – Q4FY20
FINANCIAL PERFORMANCE – Q4FY20 Sales (₹ Cr) EBITDA (₹ Cr) PAT (₹ Cr) 92.4 16.9 10.1 84.4 16.2 6.4 7.4 77.1 15.3 Q4FY19 Q3FY20 Q4FY20 Q4FY19 Q3FY20 Q4FY20 Q4FY19 Q3FY20 Q4FY20 • Revenue for the quarter at ₹92.4 crore, up by 9.4% YoY from ₹84.4 crore in Q4FY19 • EBITDA for the quarter at ₹16.9 crore,
Slide 9: Healthy Order Book as on 1st June 2020
HEALTHY ORDER BOOK AS ON 1st June 2020 Shivpad Engineering Export Domestic Engineering & Manufacturing Pvt Ltd Jash Ltd ₹ 141.8 cr ₹ 21.9 cr ₹ 1.0 cr ₹ 219.9 cr Domestic & Subsidiaries Combined order book Export Jash Mahr Maschinenbau USA Inc stood at GES M.B.H ₹ 361.7 cr ₹ 99.3 cr ₹ 0.1 cr 8 Mahr M
Slide 10: Effect of Covid-19 on Company Operations
Effect of Covid-19 on Company Operations 9
Slide 11: Impact on Q4 FY20
Impact on Q4 FY20 • Client inspection activities for finished goods had relatively slowed down from February on account of Covid19 related anxiety thereby affecting sales from mid-February onwards. • Shutdown Impact: Q4 FY20 • Indore & Chennai - 22nd March onwards • US operations – mid March. • Cons
Slide 12: Impact on Q1 FY21
Impact on Q1 FY21 • Resumption in operations as follows: • SEZ Unit 3 & 4: 29th April 2020 • Bardari Unit - 2: 11th May 2020 • Unit - 1: 13th May 2020 Q1 FY21 • US facility: Mid April • Head office: 15th May 2020 • The impact of migration of contract and casual workers has been minimal. • Despite di
Slide 13: Impact on FY21
Impact on FY21 • Consolidated order book position at ₹ 351 crores and consolidated sales of ₹ 39 crores achieved till date • Consolidated Export orders at ₹ 212 crores isolates us from the domestic fiscal problems. • Strong export and domestic order pipeline: Final stages of negotiation for further
Slide 14: Company Overview
COMPANY OVERVIEW 13
Slide 15: Jash At-A-Glance
JASH AT-A-GLANCE Incorporation 1973 of Company Jash Engineering Ltd. › An ISO-9001:2015 / ISO-14001:2015 / BS 45+ Exports OHSAS 18001:2007 certified company Countries Global 5 Manufacturing Units dedicated to offering varied products for use in Water and Wastewater Pumping Stations and Treatment Pla
Slide 16: Evolution
EVOLUTION 2019 Established New 2016 plant in SEZ for Acquired Rodney Rodney Hunt products 2008 2011 Hunt in USA 2005 Technical collaboration Technical collaboration 1996 Expanded Screen with Weco Armaturen, with Rehart, Germanyto 2017 Converted into public manufacturing facility and Germany to offer
Slide 17: Drive Value Through Acquisition
DRIVE VALUE THROUGH ACQUISITION Rodney Hunt Inc., USA To add world renowned brand and get (FY-20 revenue ₹ 82.0 Cr.) access into north American market of water (Acquired at US$ 4 million) 2016 control gates. To add top representatives in each state so that they can help in selling Mahr Maschinenbau
Slide 18: Product Offerings with Revenue Contribution (FY20)
PRODUCT OFFERINGS WITH REVENUE CONTRIBUTION (FY20) Water Control Gates Screening Equipment 47% 18% Revenue Contribution Revenue Contribution Hydropower & Pumping , Valves Process Equipment and others 18% 17% Revenue Contribution Revenue Contribution 17 Mahr Maschinenbau
Slide 19: Product Usage
PRODUCT USAGE Human & Industrial wastewater cycle 10-15% % of total turnover Industrial Usage Storm Water Cycle 10-20 % 5-10% % of total turnover % of total turnover PRODUCT USAGE Renewable energy generation Human Waste Water Usage 5-10% 60-70 % % of total turnover % of total turnover 18 18 Mahr Mas
Slide 20: Application of Products
APPLICATION OF PRODUCTS Water intake systems Storm water pumping stations Water & waste water treatment plants Steelsystems Irrigation plant Power plants Paper & pulp plants Petrochemical plants Steel plants 19 Mahr Maschinenbau
Slide 21: Making the World Our Market
MAKING THE WORLD OUR MARKET From predominant sales in single geography of India in early nineties, the company is today present in multiple (over 45 countries) regions with each region having significant contribution in turnover. USA HONG KONG FY 19 FY 20 FY 19 FY 20 739 889 42 73 Sweden Norway Cana
Slide 22: Revenue Breakup Geography Wise
REVENUE BREAKUP GEOGRAPHY WISE PRESENT MARKET SPREAD MARKET SPREAD BY 2022-23 USA Rest Of World Domestic USA Rest Of World Domestic 33% 13% 54% 35% 30% 35% In 2017 the company decided to pursue an export led growth strategy and reduce dependence on Indian market by increasing exports from 20% to 65%
Slide 23: State of Art Facilities & Turnover Capability
STATE OF ART FACILITIES & TURNOVER CAPABILITY UNIT-1 CAST PRODUCTS PLANT UNIT-2 FABRICATED PRODUCTS PLANT Total BUILT UP AREA: 125,000 Sq. ft. BUILT UP AREA: 155,000 Sq. ft. Turnover Potential Turnover Capability : ₹ 75 Crore from existing facility Turnover Capability : ₹ 200* Crore ₹ 500 Cr UNIT-3
Slide 24: Financial Performance
FINANCIAL PERFORMANCE 23
Slide 25: Financial Performance
FINANCIAL PERFORMANCE Revenues (₹ Cr) EBITDA (₹ Cr) 254.7 285.6 45.9 161.2 179.6 29.6 24.2 13.8 FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 Profit before tax (₹ Cr) Profit after tax (₹ Cr) 27.7 20.1 14.8 13.8 10.1 7.7 1.2 0.3 FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 24 Mahr Maschinenbau
Slide 26: Balance Sheet (₹ Cr)
BALANCE SHEET (₹ CR) Balance sheet as on 31/03/20 FY2020 Capital Allocation Capital Structure ₹cr Capital Expenditure Cash 17.7 Capex of Debt 73.0 ₹ 5.9cr Net Debt 55.3 for the year (2.1% of revenue) Net Worth 125.5 Leverage Dividend Total Debt / 58% Capital Increased dividend : Net Debt / declared
Slide 27: Investment Rationale
INVESTMENT RATIONALE 26
Slide 28: Investment Rationale
INVESTMENT RATIONALE 1 2 Major Infrastructural investment done Comprehensive product base With the commencement of manufacturing at SEZ Unit 4 and at The 5 major product groups are Water control gates, Orange USA facility, major infrastructural investments towards Screening Equipment, Valves, Proces
Slide 29: Investment Rationale
INVESTMENT RATIONALE 3 4 Approved Brands Global Reach Our business is dependent on approval from end users. The The acquisition of Rodney Hunt in USA, Mahr Maschinenbau company markets its products under Jash, Jash-Schuette, in Austria and E&M in Hongkong has ensured that the Jash-Rehart , Mahr, Rod
Slide 30: Investment Rationale
INVESTMENT RATIONALE 5 6 New product from Invent AG., Germany from 2020-21 Turn around of Rodney Hunt by 2020-21 Invent is a world leader in Mixing & Agitation technology. The Standalone EBITDA of Jash & Shivpad was ₹47.99 Cr in year tie up with Invent enables Jash to produce Mixers, Agitator, 2019-
Slide 31: Stock Information
STOCK INFORMATION STOCK DATA (As on 30th June 2020) Symbol (NSE) JASH Market Shares Capitalization ₹ Outstanding (₹ Cr) 1.18 Cr 204.14 Stock Price (₹) 173 30 30 Mahr Maschinenbau
Slide 32: Thank You
THANK YOU For further information, contact: Dharmendra Jain Siddesh Chawan Jash Engineering Limited Christensen Investor Relations E-mail: dharmendrajain@jashindia.com E-mail: schawan@christensenir.com Ph.:0731-6732700, 0731-2720143 Ph.: +91 (22) 4215 0210 JASHENGINEERINGLTD RODNEYHUNT INC JASHUSAIN