Gmm Pfaudler Limited · NSE:GMMPFAUDLR
Gmm Pfaudler — FY2024 Earnings Presentation
37 slides from Gmm Pfaudler's earnings presentation, May 22, 2024
Slide 1: Investor presentation filing cover letter
GMM/SEC/2024-25/15 May 22, 2024 To, BSE Limited National Stock Exchange of India Limited Scrip Code: 505255 Symbol: GMMPFAUDLR Sub.: Investor presentation on the Standalone and Consolidated Financial Statements of GMM Pfaudler Limited (“the Company”) for the year ended March 31, 2024 Dear Sir/ Ma’am
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Slide 3: Disclaimer
— Disclaimer This presentation has been prepared by GMM Pfaudler Limited (the Company") and forms a part of its intellectual property which is solely for the purposes of your general information and shall not be taken away, distributed, reproduced, or redistributed or passed on, directly or indirect
Slide 4: Snapshot - FY24
Snapshot - FY24 = 477 crore EBITDA = 174 crore = 39.80 PAT EPS = 1,689 crore Order Backlog GMM = Pfaudler ~
Slide 5: Three Year Performance
— 3 Year Performance Revenue (2 crore) EBITDA (2 crore) 16% CAGR (FY22-24) 30% CAGR (FY22-24) 3,446 3,178 T il Profit After Tax (2 crore) 52% CAGR (FY22-24) 210 174 1S Earnings Per Share (2) 43% CAGR (FY22-24) 39.8 36.8 | FY22 FY23 FY24 FY22 FY23* FY22 FY23* FY24 FY22 FY23* FY24 * Restated for final
Slide 6: Performance vs Guidance
— Performance vs Guidance Revenue (2 crore) EBITDA (2 crore) ROCE (%) FY22-24: 16% t FY22-24: 20% t FY22-24: 1% v 14% 24% 3% CAGR (FY22-25) CAGR (FY22-25) (FY22-25) 3,700% ° 25%* 3178 3,446 I7 . 630° ; 24% fier 1 aaah 22% 4 2541 1 | 14 21% 4 4 ry 429 ro ' I! 330 oq 14 tol)oees | tot ' l | ot i! | oi
Slide 7: FY24 Highlights
— FY24 Highlights —— Business Revenue growth driven by International business (14%) Profitability improvement in the International business, margins in India business stable Strong opportunity pipeline across all business platforms, however pharmaceuticals and chemicals see slowdown Order intake dri
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet Figures in & crore Particulars 31.03.24 31.03.23* Particulars 31.03.24 31.03.23* Shareholder's equity 968 801 Fixed Assets 658 631 Non-controlling interests ) 11 Goodwill & Intangibles 602 606 Debt 712 797 Trade Receivables 433 436 Pension liabilities (Unfunded) 297 279 In
Slide 9: Consolidated Working Capital Summary
Consolidated Working Capital Summary Inventory Summary 31.03.24 31.03.23* Receivables Summary Figures in = crore 31.03.24 31.03.23* Inventory 625 773 Trade Receivables 433 436 Customer advances 250 406 Receivable days 46 50 Net funding for inventory 375 367 Payables Summary 31.03.24 31.03.23* Backlo
Slide 10: Consolidated Cash Flow Statement - FY24
— Consolidated Cash Flow Statement - FY24 -4 BUSINESS CASH 1 . | APPLICATION ! et INVESTMENTS & = | 77", GENERATION IS, 71 = OFCASH Kye q RUNBINE) I “s 6 eee - ae ry Selatan ieetieetientientieeietientied \ I H 250 | \ —_ ! “4 11 | 255 -36 060 i! i -o3 11 I - i 9 i | an} -101 23 «= | 320 H | 46 | 1 !
Slide 11: Shareholder Summary
— Shareholder Summary Figures in % terms Institutional holding Investor Category 31.2004 31.2025 35% 30% Foreign Portfolio Investors 22.15 19.96 Mutual Funds 9.15 8.12 15% 18% Alternate Investments Funds 2.55 1.80 Insurance Companies/ Banks/ Fls|__ 1.36 0.66 a IEPF 0.40 0.40 Public 39.21 30.32 dc AM
Slide 12: Annexures
Annexures , GMM ' Pfaudler
Slide 13: Consolidated Results
Consolidated Results » GMM ‘ Pfaudler
Slide 14: Consolidated Results - FY24
— Consolidated Results - FY24 Figures in % crore _ REVENUE _ EBITDA _ 1 8% | 111% | 3,446 3,178 477 429 FY24 FY23 FY24 FY23* — PROFIT AFTER TAX = ORDERINTAKE = 3,014 174 FY24 FY23* FY24 FY23 * Restated for final fair values of Purchase Price Allocation for Mixel acquisition [ GMM 13. Margin and grow
Slide 15: Snapshot - Q4 FY24
4 Snapshot - Q4 FY24 = 91crore EBITDA = 29 crore PAT = 6.92 EPS = 1,689 crore Order Backlog GMM = Pfaudler ~
Slide 16: Consolidated Results - Q4 FY24
— Consolidated Results - Q4 FY24 = REVENUE = EBITDA —_—_ Ue B% Lua 20%, LA 74) 856 866 14 ou a a Q4 FY24 Q3 FY24 Q4 FY23 Q4 FY24 Q3 FY24* Q4 FY23* — PROFIT AFTER TAX — ORDER BACKLOG r="! =—=== —=—=94 =-—=S= 1 3% 4 1 14% | 4% | 1 -22% a Lee ——— -_s- 33 2,162 1,689 1,625 28 3.3% 39% Q4 FY24 Q3 FY24* Q
Slide 17: Order Intake and Backlog Trend
— Order Intake and Backlog Trend 16 Figures in ® crore 861 792 770 756 | : : Order Intake Trend Q4 FY23 QIFY24 Q2FY24 Q3FY24 Q4FY24 Order Backlog Trend 2,162 2,013 : 1705 4695 1689 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 GMM — _ Pfaudler
Slide 18: Quarterly Consolidated Financial Performance
— Quarterly Consolidated Financial Performance Figures in % crore Particulars Q4 FY24 Q3 FY24* Q-0-Q Q4 FY23* Y-O-Y Operational Income 74) 856 -13% 866 “14% Material Cost 252 349 ~28% 359 ~30% Other Costs 398 598 1% Al3 4% Total Operating Expenses 650 742 -12% 772 -16% EBITDA 91 14 -20% 94 4A% EBITD
Slide 19: Standalone Results
Standalone Results an GMM ° Pfaudler
Slide 20: Standalone - FY24
— Standalone - FY24 Figures in % crore — REVENUE — — EBITDA 1 4% _! 1,031 1,075 FY24 FY23 FY24 _ ORDER INTAKE _ 1 715% ! 945 1,112 FY24 FY24 FY23 Backlog is net of POC. comm — Pfaudler 19 Margin and growth percentages are calculated on absolute figures.
Slide 21: Standalone - Q4 FY24
— Standalone - Q4 FY24 Figures in % crore = REVENUE —__ = EBITDA Lie) 28% | {10% 1 225 260 aa 32 i = Q4 FY24 Q3 FY24 Q4 FY23 Q4 FY24 QS FY24 — ORDER BACKLOG — PROFIT AFTER TAX 1 1-30% | L 6% 1 ' -16% I 545 459 435 8 1 = 12% Q4 FY24 QS FY24 Q4 FY23 Q4 FY24 QS FY24 Q4 FY23 Backlog is net of POC. GMM a
Slide 22: Standalone Balance Sheet
— Standalone Balance Sheet Particulars 31.03.24 31.03.23 Particulars 31.03.24 31.03.23 Figures in % crore Fixed Assets 227 221 Shareholder's equity 751 708 Goodwill & Intangibles 13 18 Debt 265 331 Investments 519 519 Trade Receivables 172 197 Trade payables 119 154 Inventory 134 199 her liabil Cash
Slide 23: Standalone Working Capital Summary
22 Standalone Working Capital Summary Inventory Summary 31.03.24 31.03.23 Receivables Summary Figures in % crore 31.03.24 31.03.23 Inventory 134 199 Trade Receivables 172 197 Customer advances 30 83 Receivable days 61 67 Net funding for inventory 104 116 Payables Summary 31.03.24 31.03.23 Backlog 45
Slide 24: Standalone Cash Flow Statement - FY24
— Standalone Cash Flow Statement - FY24 a Figures in ® crore aod BUSINESS CASH Tes, a APPLICATION > INVESTMENTS & = Fa | GENERATION! . f L OFCASH | \ FUNDING 1 \ a 4 a PF ‘ \ | 126 crore -23 crore =-116 crore | | 7 H 1 Zz H I -21 P| I ! -10 Pe I H “18 1 1 1 I | I i] -9 i] 1 1 1 1 36d | 66 a | 23 o 1
Slide 25: Quarterly Standalone Financial Performance
— Quarterly Standalone Financial Performance Figures in ® crore Particulars Q4 FY24 Q3 FY24 Q-0-Q Q4 FY23 Y-O-Y Operational Income 225 260 14% 293 -23% Material Cost 103 140 -27% 147 -30% Other Costs 93 88 6% 101 -8% Total Operating Expenses 196 228 -14% 248 -21% EBITDA 28 32 10% 45 -36% EBITDA Marg
Slide 26: International Results
International Results - GMM 8 Pfaudler
Slide 27: International Results - FY24
— International* Results - FY24 Figures in % crore = REVENUE = EBITDA —_—_ 1 14% | 1 33% |! 2,601 2,279 330 bu 10.9% FY24 FY23 FY24 FY23# — PROFIT AFTER TAX — ORDER INTAKE 104 2178 2,411 = FY24 FY23# FY24 FY23 * includes Mavag & PFI, Excluding inter-company eliminations. # Restated for final fair va
Slide 28: International Results - Q4 FY24
— International* Results - a4 FY24 Figures in ® crore _ REVENUE EBITDA a 8% 131% 1 112% 1 567 617 59 53 oo a 8.6% Q4 FY24 Q3 FY24 Q4 FY23 Q4 FY24 Q3 FY24# Q4 FY23# = PROFIT AFTER TAX = ORDER BACKLOG r 1 -3% | 817% | a 1% 1 1 -25% | 19 1,249 1,234 1,669 Om «CU 0.3% Pe Q4 FY24 Q3 FY24# Q4 FY23# Q4 FY2
Slide 29: Segmental Results
Segmental Results 38 GMM “e Pfaudler
Slide 30: Segmental Overview - FY24
— Segmental Overview - FY24 Consolidated Standalone 8% 5% \ International a Technologies Consolidated Standalone 4% Se Order Intake a \ International ® = | Technologies _| | services —_| rvices *Note: Standalone and International breakdown are gross of inter-company eliminations CoM Proudler J
Slide 31: Segmental Overview - Q4 FY24
— Segmental Overview - Q4 FY24 Consolidated Standalone International 8% Te Technologies \ Systems KN Services Consolidated Standalone International Order Intake ay 1% v Technologies Systems Services q *Note: Standalone and International breakdown excluded inter-company eliminations c CNM ‘dier ‘audi
Slide 32: Manufacturing Sites
Manufacturing Sites 7 GMM ° Pfaudler
Slide 33: Global Footprint
== Global Footprint Waghi 1 CANADA \®) teven UK(@) Higobeues Brampton ermon A) GERMANY Hofheim-wallau Ps fe) SWITZERLAND USA FRANCE. / © Neunkirch \°) Rochester i ITALY ®) CHINA Dardilly 14 Avondale Torre De Mosto Li Yang Americus Milan Beijing Coatesville INDIA Koramsad \® Hyderabad Ahmedabad *, BR
Slide 34: Europe
33 EUROPE | country | OCATION SEGMENT FY24 REVENUE GERMANY GERMANY GERMANY ITALY ITALY FRANCE SWITZERLAND UK UK Waghausel Ilmenau Hofheim-Wallau fees Torre Di Mosto Bs actaite ty Milan Dardilly Neunkirch | Leven Bolton Technologies (Glass-Lined) Services Systems Services Technologies (Glass-Lined) S
Slide 35: Asia
ASIA Technologies (Glass-Lined & Non Glass-Lined) INDIA Karamsad Systems Services Technologies (Glass-Lined, INDIA Nacharam gest Services = Technologies (Non Glass- INDIA Lined) Services 1 ) 9 O | Technologies (Glass-Lined) CHINA Systems crore Services oon Technologies (Non Glass- CHINA Beijing eet
Slide 36: Americas
AMERICAS SEGMENT FY24 REVENUE Technologies (Glass-Lined & Non Glass-Lined) USA Rochester Systems Services Technologies (Non Glass- USA Avondale Lined) Services = USA Americus Services USA women 1,046 (Non Glass-Lined) Technologies (Non Glass-Lined) BRAZIL Taubate nls ak0: Technologies (Glass-Lined)
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