International Conveyors Ltd. · NSE:INTLCONV
International Conveyors — Q4 FY2025 Earnings Presentation
36 slides from International Conveyors's earnings presentation, Jun 11, 2025
Slide 1: Exchange filing cover letter
ICL/DS/2025-26/159 June 11, 2025 The Manager The General Manager Listing Department Dept. Of Corporate Services National Stock Exchange of BSE Ltd. India Ltd Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street, Plot No C-1, G Block, Mumbai-400001 Bandra- Kurla Complex, Scrip Code-509709 Bandra (E
Slide 2: International Conveyors Ltd
International Conveyors Ltd
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of International Conveyors Limited (the “ By accessing this presentation, you are agreeing to be bound by the trailing restrictions This presentation does not constitute or form part of any offer or invitation or induc
Slide 4: Overview
Overview High Entry Barriers : Long ICL : India’s only Listed player Gestation Period, Dual Experiencee of Four in PVC Conveyor Belting Regulatory Approvals & Depth Decades of Customer Engagement A critical consumable for High Fully Integrated Manufacturing Marquee International & Growth Mining & Bu
Slide 5: Our Evolution
Our Evolution Building the company with incredible people, competent processes and innovating high-quality products that are long-lasting. Four Decades ICL was set up to address the key Diversification into new customer Entered International Markets to Of Business pain point for coal miners - Long m
Slide 6: We manufacture belting which is critical for mining
We manufacture belting which is critical for mining… Conveyor’s belting intended for mining must be engineered to minimize downtime and operate reliably long term, despite tough conditions Mining Operations • Conveyor belting is critical for bulk transportation of materials like, coal, potash salt e
Slide 7: With an extensive product range serving Diversified Industries
…with an extensive product range serving Diversified Industries Products of International quality, superior technology and testing capability Tailored Products To Different Customers POTASH PHOSPHATE FERTILIZER COAL CEMENT CLAY GYPSUM SALT AGGREGATE We manufacture the most extensive range of product
Slide 8: We have fully integrated manufacturing
We have fully integrated manufacturing … ICL is one of the largest manufacturer of solid woven belting in the world and has a complete product range with the ability to make conveyors up to 3150 kN/m (type 18 width in strength and belt widths up to 1800 mm) Excellence Is Not Just Twisting and doubli
Slide 9: At our plants in Aurangabad & Falta
…at our plants in Aurangabad & Falta We deploy wide-ranging engineering capabilities to complete manufacturing of products on schedule realizing that our products drive our customer's business ahead. Cost Competitiveness Aurangabad Plant : Total annual installed Falta SEZ Plant : Total annual instal
Slide 10: At our plants in Aurangabad & Falta
…at our plants in Aurangabad & Falta Complete integrated in-house manufacturing - from yarn preparation, fabric weaving, compound mixing to finishing - to ensure total process and quality control at each step of manufacturing activity Safety By Safety Testing Choice, Not By Chance ICL cares for huma
Slide 11: We have approvals meeting international quality benchmarks
We have approvals meeting international quality benchmarks We are an ISO 9001:2015 certified Company meeting international quality benchmarks. We also enjoy several certifications and endorsements from stringent global regulatory bodies. Long Gestation ▪ Global – ISO 9001:2015 Certification Period A
Slide 12: We have approvals meeting international quality benchmarks
We have approvals meeting international quality benchmarks We are an ISO 9001:2015 certified Company meeting international quality benchmarks. We also enjoy several certifications and endorsements from stringent global regulatory bodies. Customers International Customers First Domestic Customers The
Slide 13: We have approvals meeting international quality benchmarks
We have approvals meeting international quality benchmarks Enables the company to continually invest in leading edge equipment, processes and employee training in order to improve the quality of its products. Customer Stickiness Brand Resonates Well With High Entry Barriers High Revenue Visibility C
Slide 14: We produce more green energy than we consume
We produce more green energy than we consume All our Windmills are generating green energy in the states of Karnataka, Maharashtra, Gujarat and Andhra Pradesh. Rs. 12.55 Million Energy consumed for operations in FY25 is Renewable Energy generated in FY25 is At ICL we produce more Green energy than R
Slide 15: Mining Industry at an Inflection Point
MINING INDUSTRY AT AN INFLECTION POINT
Slide 16: Potash Production in Selected Regions
Potash Production in Selected Regions Potash Production in Selected Regions Millions of Tonnes KCI • Global potash shipments reached approximately 72.5 Mmt in 2024, with 2025 projections ranging between 71 and 75 Mmt, supporting sustained industry demand • Strengthening presence in Canada, a key rev
Slide 17: Global Potash Market
Global Potash Market Global Potash Market was valued at US$ 28.83 billon in 2023 and is expected to reach US$ 38.44 billion by 2029. The global potash market demand stood at 72.5 million tonnes in 2024. Forecast global potash shipments between 71 and 75 million tonnes in 2025. Estimated 4 year CAGR
Slide 18: Favorable Mining Policies & Regulations
Favorable Mining Policies & Regulations… Advantageous Policies & Regulations Salient Features of National Mineral Relaxed Investment MMDR Policy 2019 FDI Norms Incentives Amendment Act, 2015 • Introduction of appropriate incentives for • Auctions for allocation of mining leases • FDI of up to 100 pe
Slide 19: Supporting growth across Indian Mining Industry
…supporting growth across Indian Mining Industry Mining Sector Growth Drives Key Sectors India is at an early stage in terms of per capita mineral consumption and has a significant potential to grow at accelerated growth than historical growth • High reserve share of beach sand minerals (35%) presen
Slide 20: Well placed to benefit from rising growth in Mining Activities
…making us well placed to benefit from rising growth in Mining Activities We are ready to deliver the most Efficient, Reliable & Safe Conveyor Belting and Material handling systems to significantly enhance the Efficiency and Productivity of Modern Mining operations. Incredible Competent Long-lasting
Slide 21: We are Future Ready
We are Future Ready… Our Aim : Zero Defects,Zero Waste, Zero Accidents, Zero Breakdowns Learn Today Lead Tomorrow Expand Customer Base in Penetrate New Markets existing Geography • Penetrate further into Australia • Enhance customer base in the USA and underground coal mine segment Canada, where ICL
Slide 22: With Growth Drivers in place
…with Growth Drivers in place High entry barriers & revival of capex cycle gives us visibility of huge replacement demand Addition of newer products & customers has strengthened our order book giving revenue visibility Planned Capex to Address the Growing Demand Capex in Mining Automation across Red
Slide 23: Experienced Leadership Team
Experienced Leadership Team Mr. Yogesh Kajaria | Chairman & Managing Director Mr. Surbhit Dabriwala | Director • Member of Institute of Chartered Accountants of India • Bachelor of Arts and Science from University of Pennsylvania • Brings over 20 years of expertise in the financial services sector,
Slide 24: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 25: Consolidated Quarterly Financial Performance
Consolidated Quarterly Financial Performance Revenue (Rs. Crs.) EBITDA from Operations (Rs. Crs.) PAT (Rs. Crs.) +47.0% +13.4% +0.8% 151.9 21.3 21.5 91.7 133.9 +403.3% +110.3% 62.4 10.5 +114.7% 54.6 26.0 13.0 2.1 6.1 Q4 FY24 Q4 FY25 FY24 FY25 Q4 FY24 Q4 FY25 FY24 FY25 Q4 FY24 Q4 FY25 FY24 FY25 EBIDT
Slide 26: Historical Financial Performance (Consolidated)
Historical Financial Performance (Consolidated) Revenues (Rs. Crs.) EBITDA from Operations (Rs. Crs.) PAT (Rs. Crs.) +3% 205.2 215.0 29.4 91.7 +78% 151.9 133.9 21.3 21.5 19.6 62.4 28.7 16.2 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 EPSEPS growth EBIDTA Margins (%) PAT Margins (%) 1
Slide 27: Domestic Revenue Break-up
Domestic Revenue Break-up Domestic Revenue (Rs. Crs) Industry Wise 3.7% 17.1% +27.4% -2.5% 9.1 50.8 49.5 Q4 FY24 Q4 FY25 7.1 82.9% 96.3% 7.3% 15.0% FY24 FY25 85.0% 92.7% Q4 FY24 Q4 FY25 FY24 FY25 Coal Others Figures on Consolidated basis 26
Slide 28: Exports Revenue Break-up
Exports Revenue Break-up Export Revenue (Rs. Crs) Industry Wise Potash Coal 1.6% Others 10.4% +141.7% +23.1% 16.1% 10.7% 45.5 102.3 Q4 FY24 Q4 FY25 83.1 78.9% 82.3% 18.8 Geography Wise 9.0% 8.2% Canada 9.4% USA R.o.W 20.8% Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 FY24 FY25 70.2% 82.3% Figures on Consolidated
Slide 29: Q4 FY25 Consolidated Profit & Loss
Q4 FY25 Consolidated Profit & Loss Particulars (Rs. Crs.) Q4 FY25 Q4 FY24 Y-o-Y Q3 FY25 Q-o-Q FY25 FY24 Y-o-Y Revenue from Operations 54.6 26.0 110.3% 26.1 109.3% 151.9 133.9 13.4% Cost of Materials Consumed 25.7 17.7 13.9 69.5 60.3 Purchase of Stock-in-Trade 1.7 3.7 1.0 3.7 8.5 Changes in Inventori
Slide 30: Consolidated Balance Sheet
Consolidated Balance Sheet EQUITY & LIABILITIES (Rs. Crs.) Mar-25 Mar-24 ASSETS (Rs. Crs.) Mar-25 Mar-24 Equity Share Capital 6.3 6.3 Property, Plant and Equipment 12.5 13.9 Other Equity 355.5 266.6 Capital Work-in-progress 0.1 0.0 Total Equity 361.8 273.0 Goodwill on consolidation 1.0 1.0 Finan
Slide 31: Consolidated Cash Flow
Consolidated Cash Flow Cash Flow Statement (Rs. Crs.) Mar-25 Mar-24 Cash Flow from Operating Activities Profit before Tax 116.3 77.0 Adjustment for Non-Operating Items -91.5 -49.1 Operating Profit before Working Capital Changes 24.8 27.9 Changes in Working Capital -2.8 -9.5 Cash Generated from Opera
Slide 32: Consolidated Historical Profit & Loss
Consolidated Historical Profit & Loss Particulars (Rs. Crs.) Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Mar-20 Revenue from Operations 151.9 133.9 215.0 205.2 169.3 98.7 Cost of Materials Consumed 69.5 60.3 120.0 126.6 84.6 49.9 Purchase of Stock-in-Trade 3.7 8.5 8.7 8.0 5.9 8.9 Changes in Inventories of Fi
Slide 33: Balance Sheet: Enhanced Investment Portfolio
Balance Sheet :- Enhanced Investment Portfolio Borrowings & Cash and Cash Equivalents (Rs. Crs.) Investments^ Net Debt to Equity 306.2 0.5 124.6 275.8 0.4 86.3 180.9 0.3 64.1 0.3 62.9 0.2 45.7 19.3 0.1 11.1 9.4 1.8 1.8 2.0 3.4 FY20 FY21 FY22 FY23 FY24 FY25 FY23 FY24 FY25 FY20 FY21 FY22 FY23 FY24 FY2
Slide 34: Efficient Working Capital Management
Efficient Working Capital Management Receivable Days Payable Days 107 87 70 70 55 56 56 42 45 47 36 29 FY20 FY21 FY22 FY23 FY24 FY25 FY20 FY21 FY22 FY23 FY24 FY25 Inventory Days Net Working Capital days 72 73 110 56 58 49 48 75 49 35 24 6 FY20 FY21 FY22 FY23 FY24 FY25 FY20 FY21 FY22 FY23 FY24 FY25 F
Slide 35: Key Takeaways
Key Takeaways Value Creation for Stakeholders New avenues for Growth 5 1 Entry into newer customers & geography Revenue and Profitability Growth with new products developed over the period Global & Domestic mining growth Potential for Strong Orderbook along with industry diversification 4 2 visibili
Slide 36: Thank You
International Conveyors Limited Mr. Udit Sethia, Director CIN : L21300WB1973PLC028854 THANK YOU E-mail: investors@iclbelting.com www.iclbelting.com Investor Relations : MUFG IR Mr. Irfan Raeen Email : irfan.raeen@in.mpms.mufg.com Mr. Devansh Dedhia Email : devansh.dedhia@ in.mpms.mufg.com
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