Alicon Castalloy Limited · NSE:ALICON
Alicon Castalloy — H1 FY2024 Earnings Presentation
25 slides from Alicon Castalloy's earnings presentation, Nov 7, 2023
Slide 1: Alicon Casting the Future - Exchange Letter
Valicon Casting the Future Ref No.: Alicon/Stock Exch/Letter/2023-12 November 7, 2023 To To The Manager The Manager The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P. J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalai Str
Slide 2: Q2 & H1 FY24 Results Presentation
Alicon Castalloy Ltd Q2 & H1 FY24 Results Presentation November 7, 2023
Slide 3: Forward-looking statements disclaimer
Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "conte
Slide 4: About Alicon; Q2 & H1 FY24 Highlights; Concall Details
About Q2 & H1 FY24 Concall Alicon Highlights Details 3
Slide 5: About Alicon Castalloy
About Alicon Castalloy
Slide 6: End-to-end solutions across aluminum casting needs
Offers end-to-end solutions spanning the entire spectrum of aluminum casting needs across multiple user industries Offers - Design, Diversified Pioneer in Engineering, marquee Robust track India for Casting, Customer record of 49 processes of Operates one Leaders in the Machining and base across yea
Slide 7: Key figures: income, EBITDA, customers, employees
1,405 157 96 customers with.. 4 INR crore of Total INR crore of Manufacturing Income in FY23 EBITDA in FY23 841 Live Parts Units 133 994 Presence in No. of product 18 No. of permanent innovations FY20-23 countries employees 6
Slide 8: A blend of European engineering skills, Japanese quality
Enkei Corporation Alicon Castalloy Leading Japanese Largest Foundry in India – motor cycle and offering frugal engineering passenger car solutions wheel A blend of manufacturer European 70+ years of 49 years of track record 230+ engineering skills, experience Years of Cumulative Japanese quality Atl
Slide 9: Catering to key sectors of the Indian economy
Prototype Design Tool Design & Painting & Manufacturing Simulation Machining & Tool Sub-Assembly Manufacturing VA/VE Casting Fixture Design & Suggestions Manufacturing Manufacturing Catering to key sectors of the Indian economy Automobile Infrastructure Aerospace Medical Energy Agriculture 8
Slide 10: Strategic locations enable shorter time-to-market
Strategic locations enable shorter time-to-market and enhanced cost optimization 4 modern plants (1 international) High-end machines Slovakia Advanced Technology Centre Austria Binola Pune Globally competent Tool Rooms (20 tools/ a month Full-edged Machine Shop (including assembly facility) Chinchwa
Slide 11: Diversity across markets and industries provides a natural hedge
Diversity across markets and industries provides a natural hedge TWO WHEELER OEM FOUR WHEELER OEM TIER 1 & NON AUTO Not reliant on a single ‘anchor’ customer None of the customers contribute >15% of turnover AND MANY MORE…. 10
Slide 12: Q2 & H1 FY2024 Operational & Financial Highlights
Q2 & H1 FY2024 Operational & Financial Highlights
Slide 13: Business & Macro-demand Highlights
Business & Macro-demand Highlights: • The overall volumes in the auto industry were stagnant during Q2 FY24. • While three-wheelers, passenger vehicles (PV), and commercial vehicles (CV) showed growth, two-wheeler and tractor sales declined, resulting in an uneven performance across segments. – 6% g
Slide 14: Key Motto for FY23-24: 3R
• Lower fixed expenses • In Q2 FY24, the Company has booked • Lean and Agile manufacturing 9 new parts from 5 customers including processes Sustainable Cost- New 1 new customer optimisation Business • This includes 3 parts from EV/CN, 4 • Focus on reducing overheads Wins: parts from ICE, 1 part from
Slide 15: Auto industry challenges and Alicon's 7Cs response
Auto Industry is faced with seven key challenges impacting demand & Alicon combated these 7Cs consumer sentiments through: Focus on enriched product mix and driving improved volumes 1. COVID pandemic-related of higher margin products 2. Chip (semiconductor) disruptions shortages • Demand slowdown an
Slide 16: Q2 FY24 Total Income, EBITDA, PBT, PAT
• In Q2, Alicon delivered Revenue Total Income Growth of 1% on a yoy basis and of EBITDA 8% on a qoq basis. This was driven by commencement of supplies for new 378.0 354.9 381.8 43.5 47.0 parts and new logos offsetting the 40.0 reduced volumes in legacy business. • Gross profit was Rs. 190.79 crore,
Slide 17: Q2 revenue split: Auto/Non-Auto, Domestic/International
Non-Auto, International, 6% 20% Domestic, Auto, 94% 80% 16
Slide 18: H1 FY24 Total Income, EBITDA, PBT, PAT
• Alicon has reported an increase in Total Income EBITDA Total Income by 2% YoY in H1FY24. This is ahead of industry growth which 736.7 was flat and achieved by addition of 87.1 new parts and logos which have 722.0 81.4 offset the reduction in traditional business. • Gross profit of Rs. 369.31 crore
Slide 19: H1 revenue split: Auto/Non-Auto, Domestic/International
Non-Auto, International, 6% 21% Domestic, 79% Auto, 94% 18
Slide 20: Profit & Loss Statement
Particulars (Rs. crore) Q2 FY24 Q2 FY23 Y-o-Y Shift H1 FY24 H1 FY23 Y-o-Y Shift Net Revenue from Operations 381.04 377.26 1% 735.10 720.60 2% Other Income 0.75 0.70 8% 1.55 1.36 14% Total Income 381.79 377.96 1% 736.65 721.96 2% Total Expenditure 334.77 339.90 -2% 649.60 640.54 1% Raw Material expen
Slide 21: Balance Sheet
As on As on As on March As on March Liabilities (Rs. Crore) September Assets (Rs. Crore) September 31, 2023 31, 2022 30, 2023 30, 2022 a) Shareholders’ Funds 509.84 487.85 a) Non-current Assets 499.48 459.13 b) Non-current Liabilities (NCL) 152.93 134.20 - Long-term Borrowings 118.03 108.56 a) Curre
Slide 22: CEO commentary on performance
Commenting on the performance, Mr. Rajeev Sikand, Group CEO, Alicon Castalloy said, “I am pleased to share that we have delivered a resilient financial performance this quarter, achieving total income of Rs. 381.79 crore, growing by 1% YoY. Despite subdued trends within the industry, we have success
Slide 23: Concall Details
Concall Details
Slide 24: Q2 & H1 FY24 Earnings Conference Call
Alicon Castalloy’s Q2 & H1 FY24 Earnings Conference Call Time & Date • 1.30 pm IST on Wednesday, November 8, 2023 Local dial-in numbers • +91 22 6280 1141 • +91 22 7115 8042 International Toll Free Number • Hong Kong: 800 964 448 • Singapore: 800 101 2045 • UK: 0 808 101 1573 • USA: 1 866 746 2133 P
Slide 25: Thank You
Thank You For further information, please contact: Vishnu Patel Alicon Castalloy Ltd Tel: +91 94273 23890 E-mail: vishnu.patel@alicongroup.co.in Mayank Vaswani / Mit Shah CDR, India Tel: +91 22 98209 40953 / 99201 68314 Email: mayank@cdr-india.com mit@cdr-india.com For more information, visit www.al